PEERS & MARKETS
May 27-31, 2013
€
$
¥
€
₩
31/05/2013 €
31/05/2013
31/05/2013
31/05/2013
31/05/2013
31/05/2013
31/05/2013
€
Tyre
8.95 +4.9% +3.4%
32.4 -0.3% +7.7%
52,800 +12.3%
101.65 +2.0%
67.78 -5.3%
15.14
3,370 -3.2% +51.5%
+16.1%
+2.6%
+3.8% +9.6%
-0.6%
03.06.2013 - Pirelli Investor Relations, Competitive and Business Insight
Source: Reuters
FTSE Mib +5.8% +1.9%
Pirelli +3.4% +4.9%
2
Pirelli on the Stock Market YTD
Performance
Consensus Target Price: €9.28
% Buy: 39%
% Hold: 44%
% Sell: 17%
Market Cap: €4,333.7 mln (of which ord. €4,255.5 mln)
PIRELLI & C. VS FTSE MIB - Trend from January 1, 2013 to May 31, 2013
Sell side analysts evaluation on Pirelli & C (3/06/2013)
weekly
Stoxx A&P +12.5% +3.1%
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
03.06.2013 - Pirelli Investor Relations, Competitive and Business Insight
3
Markets
Source: Reuters
03.06.2013 - Pirelli Investor Relations, Competitive and Business Insight
4
Pirelli & C. vs Auto & Parts Sector
DJ STOXX AUTO & PARTS: +3.1%
EUROPE: WEEKLY TREND 27/05/2013 – 31/05/2013 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
+1.8 pp
-1.1 pp -0.5 pp -3.4 pp
+9.9 pp
-2.2 pp -2.2 pp -5.6 pp -2.5 pp
+0.9 pp +1.1 pp
03.06.2013 - Pirelli Investor Relations, Competitive and Business Insight
5
Pirelli & C. vs FTSE Mib relative performance (YTD)
2012 FY Relative performance:
FTSE Mib (YTD): +5.8%
Performance from January 1 to May 31, 2013
-35
.1p
p
-18
.1p
p
-14
.2p
p
-12
.8p
p
-10
.9p
p
-10
.4p
p
-9.5
pp
-7.1
pp
-7.1
pp
-6.4
pp
-5.3
pp
-2.4
pp
-1.6
pp
-1.3
pp
-0.6
pp
0.1
pp
0.8
pp
1.5
pp
4.0
pp
4.5
pp
6.5
pp
7.4
pp
9.8
pp
11
.2p
p
11
.4p
p
12
.8p
p
15
.1p
p
16
.2p
p
23
.2p
p
23
.7p
p
24
.1p
p
28
.9p
p
30
.0p
p
31
.1p
p
33
.2p
p
40
.1p
p
43
.7p
p
50
.4p
p
55
.8p
p
57
.7p
p
Sa
ipe
m
Te
leco
m
Ba
nco
En
el
BP
M
En
i
Atla
ntia
Cam
pa
ri
Fin
me
cca
ni
Ubi b
an
ca
Dia
so
rin
Pir
ell
i
Sn
am
re
te
An
sa
ldo
Ge
ne
rali
Te
na
ris
Bm
ps
Fia
t
Me
dio
ba
nca
Pry
sm
ian
Inte
sa
SP
Te
rna
TO
D'S
Au
tog
rill
En
el G
ree
n
Unic
red
it
Lo
tto
ma
tica
Bu
zzi
Lu
xo
ttic
a
Exo
r
Imp
reg
ilo
Me
dio
lan
u
Pa
rma
lat
Stm
Azim
ut
Fe
rra
ga
mo
A2
A
Me
dia
se
t
Fia
t A
uto
Fo
nd
iari
a-
-18.7pp
-25.7pp
+18.0pp
-8.0pp
+39.6pp
+6.7pp
+8.2pp
+4.9pp
+44.4pp
+2.9pp
+48.4pp
+25.2pp
-4.7pp
+1.7pp
+10.3pp
+1.8pp
-18.2pp
+16.8pp
-3.0pp
+48.6pp
-7.4pp
+4.6pp
+38.3pp
+5.4pp
-22.7pp
-3.9pp
+39.2pp
+37.9pp
+33.3pp
+10.5pp
+40.0pp
+19.5pp
+20.6pp
+3.4pp
+69.2pp
+55.6pp
-47.7pp
-35.1pp
-6.9pp
-61.3pp
03.06.2013 - Pirelli Investor Relations, Competitive and Business Insight
6
Tyre Sector Evaluation Multiples CONSENSUS PEERS TYRE MARKET MULTIPLES AT 03/06/2013 Source: Pirelli IR analysis on Bloomberg data
