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COMPANY PROFILE Milano, 2-3 /3/2005 COMPANY PROFILE

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Page 1: STAR Conference london 07 - Prima Industrie€¦ · pi.c.gb.06.09.03 3 e u r o p e prima electronics torino - italy 100% 50% 50% prima industrie torino - italy 100% america a s i

COMPANY PROFILE

Milano, 2-3 /3/2005

COMPANY PROFILE

Page 2: STAR Conference london 07 - Prima Industrie€¦ · pi.c.gb.06.09.03 3 e u r o p e prima electronics torino - italy 100% 50% 50% prima industrie torino - italy 100% america a s i

PI.C.GB.06.09.03 2

PRIMA Group at a glance

Global player in laser systems for industrial applications: among the top 5 lead players worldwideLeader in multi-axis applications

About 3,000 laser systems installed with over 1,000 customers in Automotive, Aerospace and in a wide range of other sectors

Consolidated sales in 2006: 148 M€ (+33% compared to 2005)

6 Manufacturing facilities:in Italy (2),USA (2) and China (2)

600 employees: in Italy (420), USA (120) and Europe (60). Additional: 200+ employees in China in JV (not consolidated)

120 employees in OSAI S.p.A. since July 2nd, 2007

Export: 76% to over 50 countries

R&D expensed to P/L: average 6% on consolidated turnover

Average employees age: less than 35 years oldScholarship: 80% with University or High school degree

Page 3: STAR Conference london 07 - Prima Industrie€¦ · pi.c.gb.06.09.03 3 e u r o p e prima electronics torino - italy 100% 50% 50% prima industrie torino - italy 100% america a s i

PI.C.GB.06.09.03 3

E U R O P E

PRIMA ELECTRONICSTORINO - Italy

100%

50%

50%

PRIMA INDUSTRIETORINO - Italy

100%

AMERICA A S I A

PRIMANORTH AMERICA

SPRINGFIELD (MA) - USA

Group Structure

100%

30%

PRIMA FRANCEPARIS

PRIMA GMBHFRANKFURT

PRIMA INDUSTRIE UKBIRMINGHAM

PRIMA ESPANA BARCELONA

PRIMA SCANDINAVIA GOTEBORG

CONVERGENT LASERS DIVISION (MA)

PRIMA SYSTEMS DIVISION(MA)

LASERDYNE SYSTEMS DIVISION (MN)

5.4% E P STORINO - Italy

PRIMA CHINABEJING

SMTCL – PRIMASHENYANG - China

UNITY PRIMASHANGHAI-China

SNK – PRIMAOSAKA - Japan

WUHAN OVLWUHAN- China

27.5%

100%

100%

100%

10%SINTESI

PRIMA research CENTREBARI

PRIMA POLSKAKRAKOW

100%

OSAIBarone Canavese(TO) - Italy

Page 4: STAR Conference london 07 - Prima Industrie€¦ · pi.c.gb.06.09.03 3 e u r o p e prima electronics torino - italy 100% 50% 50% prima industrie torino - italy 100% america a s i

PI.C.GB.06.09.03 4

Group Facilities

Moncalieri (Torino),ItalyCNC, servodrives

and custom electronic products.

Shanghai, China CO2 2D laser system

for cutting and Scribing.

Chicopee, MA (USA)CO2 and Nd: YAG

lasers.

COLLEGNO (TORINO), ITALYCO2 2D and 3D laser systems for

cutting and welding.

Champlin, MN (USA)Nd: YAG and CO2

laser systems fordrilling, cutting and welding.

Shenyang, China CO2 2D laser system

for cutting

Barcelona – Spain After-sale andCommercial Branch

Birmingham - UK After-sale andCommercial Branch

Paris – FranceAfter-sale andCommercial Branch

Goteborg – SwedenAfter-sale andCommercial Branch

Frankfurt – GermanyAfter-sale andCommercial Branch

Bari – Italy Sintesi

Research Center

Page 5: STAR Conference london 07 - Prima Industrie€¦ · pi.c.gb.06.09.03 3 e u r o p e prima electronics torino - italy 100% 50% 50% prima industrie torino - italy 100% america a s i

PI.C.GB.06.09.03 5

Worldwide Network

Distributors and Agents

Direct presence (group companies, branch offices, JVs)

Headquarters

World

Europe

Page 6: STAR Conference london 07 - Prima Industrie€¦ · pi.c.gb.06.09.03 3 e u r o p e prima electronics torino - italy 100% 50% 50% prima industrie torino - italy 100% america a s i

PI.C.GB.06.09.03 6

The PRIMA Group in China

COST/PERFORMANCES VOLUME

UNITY PRIMASHANGHAI

SMTCL-PRIMASHENYANG

BEIJING

Page 7: STAR Conference london 07 - Prima Industrie€¦ · pi.c.gb.06.09.03 3 e u r o p e prima electronics torino - italy 100% 50% 50% prima industrie torino - italy 100% america a s i

PI.C.GB.06.09.03 7

Emerging countries

Moskva.

.Mumbai

.Sao Paulo

.Krakow

BRIC & EASTERN EUROPE

Page 8: STAR Conference london 07 - Prima Industrie€¦ · pi.c.gb.06.09.03 3 e u r o p e prima electronics torino - italy 100% 50% 50% prima industrie torino - italy 100% america a s i

PI.C.GB.06.09.03 8

The PRIMA Group 2006 world market share

WORLD MARKET SHARE BY COUNTRY

0,0%

5,0%

10,0%

15,0%

20,0%

25,0%

30,0%

0% 5% 10% 15% 20%

PR

IMA

MA

RK

ET S

HA

RE B

Y C

OU

NTR

Y

CH

INA

(P

I+JV

)

ITA

LY

SP

AIN

AU

STR

ALIA

PO

LA

ND

TU

RK

EY

AFR

ICA

RU

SS

IA

UK

& I

RELA

ND

EA

ST.

EU

RO

PE

FR

AN

CE

SC

AN

DIN

AV

IA

BEN

ELU

X

IND

IA

BR

AZ

IL

KO

REA

GER

MA

NY

JAP

AN

US

A

AVERAGE PI MARKET SHARE

OTH

ER

AS

IA

Page 9: STAR Conference london 07 - Prima Industrie€¦ · pi.c.gb.06.09.03 3 e u r o p e prima electronics torino - italy 100% 50% 50% prima industrie torino - italy 100% america a s i

PI.C.GB.06.09.03 9

Prima Group today

HIGH TECH LEADER IN LASER SYSTEMS FOR HIGH POWER INDUSTRIAL APPLICATIONS

2D Laser cutting

3D Laser cutting

Laserdrilling

Laserwelding

30 YEARS OF EXPERIENCE, INNOVATION&

FULLY INTEGRATED KNOW-HOW

Laser generator

CNC &software Automation

Cuttinghead

Page 10: STAR Conference london 07 - Prima Industrie€¦ · pi.c.gb.06.09.03 3 e u r o p e prima electronics torino - italy 100% 50% 50% prima industrie torino - italy 100% america a s i

PI.C.GB.06.09.03 10

Selected Customers

TIER ONE suppliers

Car manufacturers

Automotive

Aircraftsmanufacturers

Engines / Componentsmanufacturers

Aerospace

Page 11: STAR Conference london 07 - Prima Industrie€¦ · pi.c.gb.06.09.03 3 e u r o p e prima electronics torino - italy 100% 50% 50% prima industrie torino - italy 100% america a s i

PI.C.GB.06.09.03 11

Selected Customers

Agricultural & Construction machines,Trucks & Trailers

HVAC & White Goods

Forklifts, Industrial Machinery & Others

Page 12: STAR Conference london 07 - Prima Industrie€¦ · pi.c.gb.06.09.03 3 e u r o p e prima electronics torino - italy 100% 50% 50% prima industrie torino - italy 100% america a s i

PI.C.GB.06.09.03 12

Electronics Selected Customers

Electronics

Energy

Page 13: STAR Conference london 07 - Prima Industrie€¦ · pi.c.gb.06.09.03 3 e u r o p e prima electronics torino - italy 100% 50% 50% prima industrie torino - italy 100% america a s i

PI.C.GB.06.09.03 13

The Laser machines

.

Page 14: STAR Conference london 07 - Prima Industrie€¦ · pi.c.gb.06.09.03 3 e u r o p e prima electronics torino - italy 100% 50% 50% prima industrie torino - italy 100% america a s i

PI.C.GB.06.09.03 14

0,0%

10,0%

20,0%

0% 10% 20% 30% 40% 50%

EBIT %

% GROWTH 06/05

ANNUAL REPORT 31/12/06PRIMA

ANNUAL REPORT 30/09/06ROFIN

ANNUAL REPORT 31/12/06BYSTRONIC(CONZZETA) (*)

ANNUAL REPORT 30/06/06TRUMPF

ANNUAL REPORT 31/03/06AMADA

REPORTCOMPANY

26%LASER MACRO AVERAGE GROWTH 2006

Source: Optech Consulting

HIGH POWER LASER MARKET 2006

The market: Competitors

(*)= considering Bystronic growthand Conzzeta EBIT

Page 15: STAR Conference london 07 - Prima Industrie€¦ · pi.c.gb.06.09.03 3 e u r o p e prima electronics torino - italy 100% 50% 50% prima industrie torino - italy 100% america a s i

PI.C.GB.06.09.03 15

0

20

40

60

80

100

120

1995 2000 2005 20100

1,0

2,0

3,0

4,0

5,0

6,0

PI Group sales Market size

LASER SYSTEMS SECTOR GROWTH vs PRIMA INDUSTRIE GROUP GROWTH

Laser systems market

(Million €)

Prima Industrie consolidated salesvs

Laser Systems for Macro Material Processing Market size

CAGR PI 95-06 +17,1%

(Billion €)

CAGR MARKET 95-06 +12,3%

+10,7%CAGR MARKET 05-10 Expected

Actual

Actual

2006

140

160

Page 16: STAR Conference london 07 - Prima Industrie€¦ · pi.c.gb.06.09.03 3 e u r o p e prima electronics torino - italy 100% 50% 50% prima industrie torino - italy 100% america a s i

PI.C.GB.06.09.03 16

Aknowledgements and Awards

METAL WORKING PRODUCTION AWARD 06BEST METAL FORMING/FABRICATION MACHINE TOOL

NM AWARDS ZUR EUROBLECH 2006 PRIZE FORINNOVATION

VALUE CREATORS PRIZE 2006 MILANO FINANZA

Page 17: STAR Conference london 07 - Prima Industrie€¦ · pi.c.gb.06.09.03 3 e u r o p e prima electronics torino - italy 100% 50% 50% prima industrie torino - italy 100% america a s i

PI.C.GB.06.09.03 17

R&D: Strong commitment and product innovation

• Over 80 Engineers in R&D.

• R&D centers in:•Italy (Torino and Bari)•USA (Chicopee and Champlin)

R&D expensed to P/L

0100020003000400050006000700080009000

1997 1998 1999 2000 2001 2002 2003 2004 2005 2006

k€

0,0%

1,0%

2,0%

3,0%

4,0%

5,0%

6,0%

7,0%

8,0%

% o

n sa

les

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PI.C.GB.06.09.03 18

PRIMA GROUP

FINANCIAL DATA

Page 19: STAR Conference london 07 - Prima Industrie€¦ · pi.c.gb.06.09.03 3 e u r o p e prima electronics torino - italy 100% 50% 50% prima industrie torino - italy 100% america a s i

PI.C.GB.06.09.03 19

0

20

40

60

80

100

120

140

160

2002 2003 2004 2005 2006

M€

-5

0

5

10

15

20

2002 2003 2004 2005 2006

M€

-10

-5

0

5

10

15

2002 2003 2004 2005 2006M€

CONSOLIDATED SALES

CONSOLIDATED EBIT CONSOLIDATED NET PROFIT

CONSOLIDATED EBITDA

Financial highlights 2002-2006

0

5

10

15

20

25

2002 2003 2004 2005 2006

M€

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PI.C.GB.06.09.03 20

-0,1

0,1

0,3

0,5

0,7

0,9

1,1

1,3

1,5

2002 2003 2004 2005 2006

-50

-40

-30

-20

-10

0

10

2002 2003 2004 2005 2006

ROS

DEBT / EQUITY

NET FINANCIAL POSITION

Financial highlights & Ratios 2002-2006

-10,0%

0,0%

10,0%

20,0%

30,0%

40,0%

2002 2003 2004 2005 2006

ROI

n/a

-5,0%

0,0%

5,0%

10,0%

15,0%

2002 2003 2004 2005 2006

Page 21: STAR Conference london 07 - Prima Industrie€¦ · pi.c.gb.06.09.03 3 e u r o p e prima electronics torino - italy 100% 50% 50% prima industrie torino - italy 100% america a s i

PI.C.GB.06.09.03 21

INCOME STATEMENT

SALES 73,308 66,677

EBITDA 9,316 7,348

AS A % OF SALES 12.7% 11.0%

EBIT 8,654 6,705

AS A % OF SALES 11.8% 10.0%

EBT 8,381 6,218

AS A % OF SALES 11.4% 9.3%

NET RESULT 4,028 4,493

June 30,2007 June 30, 2006K€

VALUE OF PRODUCTION 80,850 68,490

AS A % OF SALES 5.5% 6.7%

Financial figures

Page 22: STAR Conference london 07 - Prima Industrie€¦ · pi.c.gb.06.09.03 3 e u r o p e prima electronics torino - italy 100% 50% 50% prima industrie torino - italy 100% america a s i

PI.C.GB.06.09.03 22

BALANCE SHEET

NON-CURRENT ASSETS 18,283 19,093

NET EQUITY 43,036 42,359

CURRENT ASSETS 92,343 77,277

NET FINANCIAL POSITION -2,946 -3,076

DEBT / EQUITY n/a n/a

NON-CURRENT LIABILITIES 7,148 7,963

CURRENT LIABILITIES 63,388 49,124

June 30, 2007 December 31,2006K€

Financial figures

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PI.C.GB.06.09.03 23

ORDER ACQUISITION TREND

Financial figures

ORDER ACQUISITION

-

2.500

5.000

7.500

10.000

12.500

15.000

17.500

20.000

22.500

JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC

order acquisition 2004 order acquisition 2005 order acquisition 2006 order acquisition 2007Avg ltm 2005 Avg ltm 2004 Average ltm 2006 Avg ltm 2007

CUMULATIVE ORDER ACQUISITION

-

20.000

40.000

60.000

80.000

100.000

120.000

140.000

160.000

180.000

JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC

2004 2005 2006 2007

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PI.C.GB.06.09.03 24

SALES BREAKDOWN BY MARKET

June 30, 2006June 30, 2007

Laser sources

2%

Sheet metal processing

56%

Aerospace & Energy

7%

Electronic compon.

16%Automotive

14%

Financial figures

Other9%

Laser sources

2%

Sheet metal processing

56%

Aerospace & Energy12%

Electronic compon.

16%

Automotive10%

Page 25: STAR Conference london 07 - Prima Industrie€¦ · pi.c.gb.06.09.03 3 e u r o p e prima electronics torino - italy 100% 50% 50% prima industrie torino - italy 100% america a s i

PI.C.GB.06.09.03 25

SALES BREAKDOWN BY GEOGRAPHIC AREA

June 30, 2006

Italy23%

U.S.A.22%

R.O.W.11%

Europe44%

June 30, 2007

Italy22%

U.S.A.19%

R.O.W.9%

Europe50%

Financial figures

Page 26: STAR Conference london 07 - Prima Industrie€¦ · pi.c.gb.06.09.03 3 e u r o p e prima electronics torino - italy 100% 50% 50% prima industrie torino - italy 100% america a s i

PI.C.GB.06.09.03 26

Stock price trend

PRIMA INDUSTRIE VS ALLSTAR INDEX

Page 27: STAR Conference london 07 - Prima Industrie€¦ · pi.c.gb.06.09.03 3 e u r o p e prima electronics torino - italy 100% 50% 50% prima industrie torino - italy 100% america a s i

PI.C.GB.06.09.03 27

Shareholders’ structure & Board of Directors

BOARD OF DIRECTORS

CHAIRMAN & C.E.O. Gianfranco CARBONATO

BOARD MEMBERS Ezio BASSO

Stefano DEVESCOVI

Sandro D’ISIDORO (3)

Michael R. MANSOUR

Mario MAURI (3)

Domenico PEIRETTI (1)

Pio PELLEGRINI (3)

Marco PINCIROLI (1)

(1) = Executive Director(2) = Non Executive Director(3) = Independent Director

ANALYST COVERAGE

MARKET43,44%

AIM ADVISOR Inc.2,03%

ERSTE INTERNATIONAL HOLDING S.A.

28,03%

HELIOS MANAGEMENT SA

6,85%

LESTRI HOLDING B.V.4,67%

MANAGEMENT3,79%

OBJECTIF SMALL CAPS EURO SICAV

2,16%

PEIRETTI DOMENICO (& family)4,52%

CARBONATO GIANFRANCO (&

family)4,51%

Page 28: STAR Conference london 07 - Prima Industrie€¦ · pi.c.gb.06.09.03 3 e u r o p e prima electronics torino - italy 100% 50% 50% prima industrie torino - italy 100% america a s i

PI.C.GB.06.09.03 28

DISCLAIMER

This document has been prepared by Prima Industrie solely for the use at investors and analysts meetings.

This document does not consitute an offer of Prima Industrie shares.

This document does not consitute an offer or invitation to purchase or subscribe any shares and neither it nor any part of it shall form the basis of or be relied upon in connection with any contract or commitment whatsoever.