DELIVERY (food & goods)

2 Wheeler Domestic Europe,

Emerging Markets & Importers

Pontedera, April 2017

1 . THE PIAGGIO GROUP

3.

THE PIAGGIO GROUP

The Piaggio Group is the largest European manufacturer of two-wheel motorvehicles and one of the world leaders in its sector. The Group is also a majorinternational player on the commercial vehicle market.

Established in 1884 by Rinaldo Piaggio, since 2003 the Piaggio Group has beencontrolled by Immsi S.p.A., an industrial holding listed on the Italian stockexchange and headed by Chairman Roberto Colaninno. Immsi’s Chief ExecutiveOfficer and MD is Michele Colaninno. Roberto Colaninno is the Chairman andChief Executive Officer of the Piaggio Group, Matteo Colaninno is DeputyChairman. The Piaggio Group has been listed on the Italian stock exchangesince 2006.

The Piaggio Group product range includes scooters, motorcycles and mopedsfrom 50 to 1,400 cc marketed under the Piaggio, Vespa, Gilera, Aprilia, MotoGuzzi, Derbi and Scarabeo brands. The Group also operates in the three- andfour-wheel light transport sector with its Ape, Porter and Quargo (Ape Truck)ranges of commercial vehicles.

4.

THE PIAGGIO GROUP

In fiscal year 2016 the Piaggio Group reported consolidated net sales of1,313.1 million euro and Ebitda of 170,7 million euro.

In 2016 the Piaggio Group sold a total of 532.000 vehicles worldwide.

Aprilia, with 54 world titles, is the crowned jewel of the Piaggio Group's trophycase, filled with 104 world titles won by the Aprilia, Gilera, Moto Guzzi and Derbibrands.

2 . DELIVERY(FOOD & GOODS)

6.

PRODUCT MISSION

PIAGGIO GROUP projected a specific2W product line with the mission to :

• Increase the delivery service in terms ofquality and quantity thanks to its specificaccessories

• Increase last mile delivery service in thetraffic jam versus 4 wheelers vehicles,thanks to its agility and slim attitude

• Guarantee a safe drivability thanks to highwheels and its seat height

• Respect the environment and consumptionthanks to its new engines 100% ELECTRIC,EURO 2 (thermic 50cc 2/4 strokes) andEURO 3 (thermic 125cc 4 strokes)

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A WINNING SOLUTION

That PIAGGIO GROUP family is designed with:

• A reinforced frame that guarantees a tough daily use• Stronger rear and front suspensions• Tough rear and front rack• Comfortable single seat• Ergonomic driving• Lateral stand• Flat footstep• Flexibility in personalization (i.e company color, stickers, etc…)• Spare parte availabilty• Easy solution to be assisted by our service network covering the

whole EU and most of the Main markets in Africa and Middle-East

3 . PRODUCT SPECIFICATIONS

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PRODUCT SPECIFICATIONS

Engine Single cylinder HiPer 2 (2s) or HiPer 4 (4s 2v)

Displacement 49,9 cc

Maximum power 3,4 Kw or 2,6 Kw at 7.000 rpm

Max torque 4,7 or 3,7 Nm at 6.750 rpm

Cooling Forced air

Starter Electric and kick starter

Front suspension Hydraulic telescopic fork

Rear suspension Single hydraulic shock absorber

Front brake Disc Ø 220 mm with hydraulic control

Rear brake Drum Ø 140 mm

Front tyre Tubeless 90/80 - 16''

Rear tyre Tubeless 110/80 - 14"

Seat height 760

Fuel tank capacity 6 or 10 litres

Homologation Meets European Directive Euro2

Rear rack

Rear rack –small size

*max 40 Kg

Rear rack –medium size*max 40 Kg

Front rack*max 25 Kg

Rear rack –large size

*max 40 Kg Double rack

The PIAGGIO LIBERTY DELIVERY 50cc 2s or 4s:

*Payload

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PRODUCT SPECIFICATIONS

Rear rack

Rear rack –small size

*max 40 Kg

Rear rack –medium size*max 40 Kg

Front rack*max 25 Kg

Rear rack –large size

*max 40 Kg Double rack

Engine Single cylinder Leader, 4-stroke 2 valve

Displacement 124 cc

Maximum power 8,4 kW (11,2 HP) a t 8.000 rpm

Max torque 10,5 Nm at 6.750 rpm

Cooling Air

Starter Electric

Front suspension Hydraulic telescopic fork

Rear suspension Single hydraulic shock absorber

Front brake Disc Ø 220 mm or Ø 240 mm with hydraulic control

Rear brake Drum Ø 140 mm

Front tyre Tubeless 90/80 - 16''

Rear tyre Tubeless 110/80 - 14"

Seat height 760

Fuel tank capacity 10 litres

Homologation Meets European Directive Euro 3

The PIAGGIO LIBERTY DELIVERY 125cc 4s:

*Payload

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PRODUCT SPECIFICATIONS

The PIAGGIO LIBERTY DELIVERY 125cc 4s:

The PIAGGIO LIBERTY EMAIL (electric):

Engine Electric motor Synchronous brushlesspermanent magnet motor; Electric motor control Digitally controlled inverter

Power 2.6 kW @3000 rpm

Max torque 15 Nm

Battery charge modes Battery charger integrated in the on-board electronics, so charging is possible in both private and public environments using a simple adaptor

Traction battery Lithium ion batteries

Number of batteries 1.5 kWh two batteries

Power/Voltage/Amper 3 Kwh/ 37V / 80 Ah two batteries

Charge time 100% in 4h; 80% in 2h two batteries

N° of charge cycles 1500

Range Power / Eco 60 km / 80 km two batteries

Acceleration (one rider) > 30%

Acceleration (full load) Up to 20%

Motor mappings Eco, Power, Reverse

Front suspension Hydraulic telescopic fork

Rear suspension Single hydraulic shock absorber

Front brake Disc Ø 220 mm with hydraulic control

Rear brake Drum Ø 140 mm

Front tyre Tubeless 90/80 - 16''

Rear tyre Tubeless 110/80 - 14"

Seat height 790

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4 . LIBERTY EMAIL

TECHNICAL FEATURE

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TECHNICAL FEATURES• Vmax: 45 km/h (30 km/h in Eco mode)

• Climbing > 30% 1 person

• Range: up to 80 km with 2 batteries in Eco; up to

60 km in Power

• LCD display with operating modes (Power, Eco,

Reverse at 2 km/h), range indication, energy

consumption, recharge time, etc.

• Buzzer safety issue (manual by specific button;

automatic in reverse mode and, if requested, for

speed > 25 km/h)

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ELECTRINIC CONTROL

• air-cooled with specific fun with low current absorption

• VMS (Vehicle Management System) intergraded; 4 functions

in one device: inverter, battery charger, DC/DC converter,

functionality and safety vehicle control

• battery charger: 1,2 kW integrated in the VMS; slow charge

permitted lower than 0 °C (up to about -10 °C), limited to 80%,

in order to avoid any battery damage

• normal charge time: 2h (4h con 2 batteries)

• recharge modes (IEC 61851): type 3 for public areas (where

necessary); mode 1 by Schuko adaptor

15.

STOP & GO – POWER VS ECO

• Stop&Go test case: acceleration from 0 to max speed (45km/h or 30km/h, power and eco mode) areperformed up to cover a specific distance (100, 250, 500, 1000 m)

• Indication of range (*) reduction due to Stop&Go in Power and Eco mode:

• (*) range at Vmax: 60 km in Power – 80 km in Eco

16.

ELECTRIC MULTIMEDIA PLATFORM

Piaggio introduces with Liberty e-Mail, as optional, an innovative multimedia platform for electric scootersaimed to maximum safety and riding pleasure.

ELECTRIC MULTIMEDIA PLATFORM (EMP) consists of an electronic unit, connecting the vehicle to the

smartphone by Bluetooth®, and an app that transforms the smartphone in an advanced dashboard,

including several new features:

•Virtual dashboard

•Trip Computer with data-log function

•Advanced navigation

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5 . ACCESSORIES

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ACCESSORIES FOR SINGLE RACK

1. Top box with capacityof 70 lt

2. Windscreen

3. Leg proection

Piaggio Liberty Delivery can be completed with:

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ACCESSORIES FOR DOUBLE RACK

Piaggio Liberty Delivery can be completed with: 1. Top box with capacity of 70 lt

3. Windscreen with or without flap protection

4. Leg protection

2. Textile bag behind the shield

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6 . CASES OF SUCCESS

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Samples of our Food Best Case of Success

Telepizza/ Spain scOOtlib/ France BurgerKing/Spain

Pizza Hut/France Sushi Shop/France Domino’s Pizza/Netherlands

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Prospect cases of goods delivery

Carrefour OBI Decathlon

Newspapers/leaflet

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THANK YOU