PEERS & MARKETS

July 15-19, 2013

€

$

¥

€

₩

19/07/2013 €

19/07/2013

19/07/2013

19/07/2013

19/07/2013

19/07/2013

19/07/2013

€

Tyre

9.54 +10.9% +10.2%

33.26 +0.1% +10.5%

58,800 +25.1%

115.95 +3.9%

76.11 +6.3%

17.23

3,815 +0.8% +71.5%

+32.4%

+4.1%

+3.8% +24.8%

+5.2%

22.07.2013 - Pirelli Investor Relations, Competitive and Business Insight

Source: Reuters

FTSE Mib -0.9% +4.5%

Pirelli +10.2% +10.9%

2

Pirelli on the Stock Market YTD

Performance

Consensus Target Price: €9.70

% Buy: 45%

% Hold: 32%

% Sell: 23%

Market Cap: €4,657.2 mln (of which ord. €4,576.6 mln)

PIRELLI & C. VS FTSE MIB - Trend from January 1, 2013 to July 19, 2013

Sell side analysts evaluation on Pirelli & C (22/07/2013)

weekly

Stoxx A&P +17.7% +2,6%

1-J

an

7-J

an

13-J

an

19-J

an

25-J

an

31-J

an

6-F

eb

12-F

eb

18-F

eb

24-F

eb

2-M

ar

8-M

ar

14-M

ar

20-M

ar

26-M

ar

1-A

pr

7-A

pr

13-A

pr

19-A

pr

25-A

pr

1-M

ay

7-M

ay

13-M

ay

19-M

ay

25-M

ay

31-M

ay

6-J

un

12-J

un

18-J

un

24-J

un

30-J

un

6-J

ul

12-J

ul

18-J

ul

22.07.2013 - Pirelli Investor Relations, Competitive and Business Insight

3

Markets

Source: Reuters

22.07.2013 - Pirelli Investor Relations, Competitive and Business Insight

4

Pirelli & C. vs Auto & Parts Sector

DJ STOXX AUTO & PARTS: +2.6%

EUROPE: WEEKLY TREND 15/07/2013 – 19/07/2013 TYRES & AUTO STOCKS vs DJ STOXX AUTO & PARTS

Source: Reuters

TYRE AUTO

Pirelli & C Continental Michelin Nokian Fiat Auto Renault Peugeot Volkswagen BMW Daimler

Fiat

Industrial

+8.3 pp +1.2 pp +1.5 pp

-2.5 pp -0.7 pp -0.7 pp

-0.7 pp +5.7 pp

-0.5 pp -0.2 pp -0.8 pp

22.07.2013 - Pirelli Investor Relations, Competitive and Business Insight

5

Pirelli & C. vs FTSE Mib relative performance (YTD)

2012 FY Relative performance:

FTSE Mib (YTD): -0.9%

Performance from January 1 to July 19, 2013

-18.7pp

-25.7pp

-8.0pp

+18.0pp

+39.6pp

+44.4pp

+2.9pp

+6.7pp

-18.2pp

+8.2pp

-2.4pp

+4.9pp

-4.7pp

-7.4pp

-20.2pp

+48.1pp

+48.6pp

+10.3pp

+47.5pp

+8.3pp

+16.8pp

+0.3pp

-5.8pp

+19.9pp

-22.7pp

+39.2pp

+5.4pp

+10.5pp

+38.3pp

+33.3pp

+40.0pp

+19.5pp

+20.6pp

-50.1pp

+3.4pp

+67.3pp

-48.5pp

+55.6pp

-6.9pp

-36.7pp

-46

.3p

p

-27

.8p

p

-23

.0p

p

-20

.4p

p

-17

.2p

p

-13

.7p

p

-12

.1p

p

-8.4

pp

-2.6

pp

-2.5

pp

-2.4

pp

-1.0

pp

3.1

pp

4.5

pp

5.0

pp

5.6

pp

5.8

pp

5.9

pp

6.3

pp

7.3

pp

7.6

pp

8.0

pp

10

.9p

p

11

.1p

p

13

.0p

p

18

.0p

p

26

.4p

p

27

.4p

p

28

.5p

p

31

.4p

p

35

.2p

p

36

.7p

p

40

.8p

p

40

.9p

p

41

.9p

p

49

.8p

p

53

.7p

p

57

.2p

p

57

.4p

p

11

3.3

pp

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22.07.2013 - Pirelli Investor Relations, Competitive and Business Insight

6

Tyre Sector Evaluation Multiples CONSENSUS PEERS TYRE MARKET MULTIPLES AT 22/07/2013 Source: Pirelli IR analysis on Bloomberg data