"Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal, under the protection of the law, also in connection with I.P.R. as well as copying and passing on to third parties” 18/04/2019

Assemblea degli AzionistiStezzano, 18 Aprile 2019

"Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal, under the protection of the law, also in connection with I.P.R. as well as copying and passing on to third parties” 18/04/2019

RISULTATI FY 2018

MERCATI

NUOVI INVESTIMENTI

IL TITOLO BREMBO

2

Agenda

RISULTATI FY 2018

"Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal, under the protection of the law, also in connection with I.P.R. as well as copying and passing on to third parties” 18/04/2019 3

Risultati FY 2018Sintesi del Conto Economico Consolidato

Milioni di € FY 18 % sales FY 17 % sales % 18/17

Ricavi 2,640,0 100,0% 2.463,6 100,0% 7,2%

EBITDA 500,9 19,0% 480,0 19,5% 4,4%

Ammortamenti (155,8) 5,9% (133,7) 5,4% 16,5%

EBIT 345,1 13,1% 346,3 14,1% -0,3%

Proventi (oneri) finanziari e dapartecipazioni

(19,7) 0,7% (10,7) 0,4% 83,7%

Imposte (83,9) 3,2% (67,6) 2,7% 24,0%

Tax rate 25,8% 20,2%

RISULTATO NETTO 238,3 9,0% 263,4 10,7% -9,5%

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Ricavi FY 2018

(Analisi variazione ricavi - Milioni di €)

4

2.463,6

+223,0

+14,0-60,6

2.640,0

"Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal, under the protection of the law, also in connection with I.P.R. as well as copying and passing on to third parties” 18/04/2019

Ricavi 2018 per applicazione€ Mio

5

+6,7% +9,7% +12,8% -2,1%

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Ricavi 2018 per area geografica

Italia 10,6%

Germania 22,5%

Francia 3,7%

UK 7,8%

Altri UE 10,8%

Cina 11,5%

Giappone 1,2%

India 3,2%

Altri Asia 2,0%

Sud America 2,2%

N/America 24,5%

"Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal, under the protection of the law, also in connection with I.P.R. as well as copying and passing on to third parties” 18/04/2019

Asia17,9%

7

Ricavi 2018 per area geografica

Europa55,4%

Americhe26,7%

"Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal, under the protection of the law, also in connection with I.P.R. as well as copying and passing on to third parties” 18/04/2019 8

Risultati FY 2018Sintesi del Conto Economico Consolidato

Milioni di € FY 18 % sales FY 17 % sales % 18/17

Ricavi 2,640,0 100,0% 2.463,6 100,0% 7,2%

EBITDA 500,9 19,0% 480,0 19,5% 4,4%

Ammortamenti (155,8) 5,9% (133,7) 5,4% 16,5%

EBIT 345,1 13,1% 346,3 14,1% -0,3%

Proventi (oneri) finanziari e dapartecipazioni

(19,7) 0,7% (10,7) 0,4% 83,7%

Imposte (83,9) 3,2% (67,6) 2,7% 24,0%

Tax rate 25,8% 20,2%

RISULTATO NETTO 238,3 9,0% 263,4 10,7% -9,5%

"Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal, under the protection of the law, also in connection with I.P.R. as well as copying and passing on to third parties” 18/04/2019

EBITDA FY 2018

(€ Mio)

9

EBITDA 2017 VOL/MIX PREZZI OPERA-TIONS

CAMBI EBITDA 2018

480,0

+73,5

+5,7

-50,7

500,9

-7,6

"Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal, under the protection of the law, also in connection with I.P.R. as well as copying and passing on to third parties” 18/04/2019

INDEB.31.12.17

Posizione Finanziaria Netta

(€ Mio)

10

218,6

500,9

285,6

53,7

71,5

97,018,8

136,9

EBITDA INV.NETTI CAP.CIRC.. DIVID. O.F.&TAXINDEB.31.12.18

ALTRE VAR.

"Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal, under the protection of the law, also in connection with I.P.R. as well as copying and passing on to third parties” 18/04/2019

Milioni di € 31.12.2018 31.12.2017 ∆ 18/17

Attività finanziarie correnti 345,4 301,1 44,3

Passività finanziarie correnti 274,9 198,1 76,8

Indebitamento fin. netto a breve (70,5) (103,1) 32,5

Attività finanziarie a M/L 0,0 0,0 0,0

Passività finanziarie a M/L 207,4 321,7 (114,2)

Indebitamento fin. netto a lungo 207,4 321,7 (114,2)

Indebitamento fin.netto 136,9 218,6 (81,7)

11

Composizione Indebitamento

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Struttura del Debito

12

151,5%

- 51,5%

LONG TERM

SHORT TERM

Al 31.12.2018

"Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal, under the protection of the law, also in connection with I.P.R. as well as copying and passing on to third parties” 18/04/2019

Milioni di € 31.12.2018 31.12.2017 31.12.2016

ROI 24,8% 26,4% 29,5%

ROE 19,7% 25,2% 27,5%

Indebitamento/Patrimonio netto 11,1% 20,5% 22,2%

Indebitamento/EBITDA 0,3 0,5 0,4

EBITDA/Oneri finanziari netti(*) 36,5 51,5 44,9

EBIT/Oneri finanziari netti(*) 25,1 37,2 33,1

Oneri finanziari netti(*)/Ricavinetti

0,5% 0,4% 0,4%

13

Principali Indicatori

(*) La voce è stata depurata dal valore delle differenze cambio.

"Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal, under the protection of the law, also in connection with I.P.R. as well as copying and passing on to third parties” 18/04/2019

RISULTATI FY 2018

MERCATI

NUOVI INVESTIMENTI

IL TITOLO BREMBO

14

Agenda

MERCATI

"Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal, under the protection of the law, also in connection with I.P.R. as well as copying and passing on to third parties” 18/04/2019

Ricavi per area geografica

(€ Mio)

2016

1.262,5

2017

1.353,4

2018

1.466,1

19

EUROPA

+7,2%

+8,3%

"Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal, under the protection of the law, also in connection with I.P.R. as well as copying and passing on to third parties” 18/04/2019

Ricavi per area geografica

(€ Mio)

637,5621,3

645,2

-2,5%

+ 9,1%

20

NORDAMERICA

+3,9%

2016 2017 2018

+8,2%like-for-

like

"Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal, under the protection of the law, also in connection with I.P.R. as well as copying and passing on to third parties” 18/04/2019

Ricavi per area geografica

(€ Mio)

65,956,0

+17,6%

+ 9,1%

21

S/AMERICA

-11,4%

58,4

2016 2017 2018

+16,8%like-for-

like

"Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal, under the protection of the law, also in connection with I.P.R. as well as copying and passing on to third parties” 18/04/2019

Ricavi per area geografica

(€ Mio)

323,1

423,1

+11,2%

+ 9,1%

22

ASIA

+30,9%

2016 2017 2018

470,3

+14,8%like-for-

like

"Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal, under the protection of the law, also in connection with I.P.R. as well as copying and passing on to third parties” 18/04/2019 19

76,5%Auto

Ricavi per applicazione: Auto

"Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal, under the protection of the law, also in connection with I.P.R. as well as copying and passing on to third parties” 18/04/2019 20

9,4%Moto

Ricavi per applicazione: Moto

76,5%Auto

"Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal, under the protection of the law, also in connection with I.P.R. as well as copying and passing on to third parties” 18/04/2019 2120/04/2017

Ricavi per applicazione: Ve.Co.

9,7%Ve.Co.

9,4%Moto

76,5%Auto

"Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal, under the protection of the law, also in connection with I.P.R. as well as copying and passing on to third parties” 18/04/2019 2220/04/2017

Ricavi per applicazione: Racing

4,4%Racing

9,7%Ve.Co.

9,4%Moto

76,5%Auto

"Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal, under the protection of the law, also in connection with I.P.R. as well as copying and passing on to third parties” 18/04/2019

RISULTATI FY 2018

MERCATI

NUOVI INVESTIMENTI

IL TITOLO BREMBO

23

Agenda

NUOVI INVESTIMENTI

"Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal, under the protection of the law, also in connection with I.P.R. as well as copying and passing on to third parties” 18/04/2019 24

Nuovi investimenti

Milioni di € FY 18 FY 17

Italia 85,7 84,7

Polonia 79,2 87,5

Cina 43,4 74,6

Messico 41,8 73,6

Stati Uniti 13,3 16,8

India 10,0 2,3

Repubblica Ceca 9,9 15,3

Altri Paesi 2,3 1,4

Investimenti netti 285,6 356,2

"Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal, under the protection of the law, also in connection with I.P.R. as well as copying and passing on to third parties” 18/04/2019

Nuovi investimenti: Cina

25

Investimento: € 100 mio

Tons: 15.000

Output: 2 mio pz

38.000 mq

S.O.P: 2018

"Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal, under the protection of the law, also in connection with I.P.R. as well as copying and passing on to third parties” 18/04/2019

Nuovi investimenti: R&D Centre - Italia

26

Investimento: > € 20 mio

S.O.P: 2018

"Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal, under the protection of the law, also in connection with I.P.R. as well as copying and passing on to third parties” 18/04/2019

Nuovi investimenti: Carbon Factory - Italia

27

Investimento: > € 7 mio

S.O.P: 2019

"Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal, under the protection of the law, also in connection with I.P.R. as well as copying and passing on to third parties” 18/04/2019

RISULTATI FY 2018

MERCATI

NUOVI INVESTIMENTI

IL TITOLO BREMBO

28

Agenda

IL TITOLO BREMBO

"Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal, under the protection of the law, also in connection with I.P.R. as well as copying and passing on to third parties” 18/04/2019 29

Azionisti Brembo

Nuova FourB

53,5%Azionisti internazionali

27,3%

Azionisti Italiani

16,6%

Brembo az. Proprie

2,6%

2019

Totale azionisti n. 32.478

Nuova FourB

53,5%Azionisti internazionali

31,3%

Azionisti Italiani

12,5%

Brembo az. Proprie

2,6%

2018

"Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal, under the protection of the law, also in connection with I.P.R. as well as copying and passing on to third parties” 18/04/2019 30

Maggiori Azionisti

n. azionipossedute

% su Cap.Sociale

NUOVA FOURB SRL 178.723.765 53,523%

BREMBO S.P.A (AZ.PROPRIE) 8.735.000 2,616%

COLUMBIA INT’L (USA) 5.509.337 1,650%

CACEIS BANK FRANCE 4.794.652 1,490%

GOVERNMENT OF NORWAY 3.486.511 1,044%

STICHTING BEWAARDER JUNO (NL) 2.100.420 0,629%

VANGUARD (USA) 2.096.199 0,628%

OPPENHEIMER (USA) 2.000.000 0,599%

BROWN BROTHERS HARRIMAN (USA) 1.972.107 0,591%

KEMPEN INT’L (LUX) 1.960.150 0,587%

N. totale azioni in circolazione 333.922.250

(Al 17.04.2019)

"Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal, under the protection of the law, also in connection with I.P.R. as well as copying and passing on to third parties” 18/04/2019 31

PerformanceBrembo vs. indici (anno 2018)

Brembo-29,8%

STOXXEUROPE 600

-13,2%

FTSEMIB

-16,2%

BLOOMBERG EUAUTO PARTS

-33,9%

"Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal, under the protection of the law, also in connection with I.P.R. as well as copying and passing on to third parties” 18/04/2019 32

Performance

Brembo vs. indici (gennaio/aprile 2019)

Brembo+31,9%

STOXXEUROPE 600

+15,8%

FTSEMIB

+19,6%

BLOOMBERG EUAUTO PARTS

+27,3%

"Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal, under the protection of the law, also in connection with I.P.R. as well as copying and passing on to third parties” 18/04/2019

Assemblea degli AzionistiStezzano, 18 Aprile 2019