COSTAMP GROUP INVESTOR PRESENTATION GROUP... · 2018. 5. 24. · COSTAMP GROUP INVESTOR PRESENTATION MAIN STEPS OF THE REVERSE TAKEOVER May 31st 2017 Modelleria Brambilla S.p.A. and

COSTAMP GROUP INVESTOR PRESENTATION

1968 │ 2018


MILANO, 24 MAGGIO 2018

COSTAMP GROUP INVESTOR PRESENTATION2

CO.STAMP – MODELLERIA BRAMBILLAMAIN STEPS OF THE REVERSE TAKEOVER

MATTEO PONTELLO

Gruppo INVEST BANCA SpA – Corporate Finance


MAIN STEPS OF THE REVERSE TAKEOVER

May 31st 2017 Modelleria Brambilla S.p.A. and Co.Stamp S.r.l. signed a non-binding Letter of Intent (LOI) containing the

intentions to reach an Agreement that could lead to the integration of the two companies.

July 28th 2017 Modelleria Brambilla signed the Investment Agreement which concerns its combination with Co.Stamp S.r.l.

The investment agreement foresees that the deal takes place through a capital injection by Modelleria

Brambilla up to a maximum of Euro 62,621,100 inclusive of price premium, through the issuance of a maximum

number of shares of n. 38,655,000 which will be fully underwritten by Co.Stamp via a provision of the total

amount of the shares of a newly established company (i.e. Co.Stamp Tools S.r.l.), which will consist of the

whole Co.Stamp’s existing operating activity. As an effect of the capital increase, Co.Stamp will acquire the

90.9757% of the Issuer’s equity.

Feb 21st 2018 Execution of the capital injection by Modelleria Brambilla up to a maximum of Euro 62,621,100 inclusive of

price premium, through the issuance of a maximum number of shares of n. 38,655,000 which will be fully

underwritten by Co.Stamp via a provision of the total amount of the shares of Co.Stamp Tools S.r.l. (newly

established company 100% by Co.Stamp S.r.l. which consists of the whole Co.Stamp’s existing operating

activity).

Feb 21st 2018 The execution of the capital injection resulted in the obligation to promote a tender offer at Euro 3.00 per

share, in order to purchase all of the shareholders’ shares of Modelleria Brambilla.

Next steps Capital increase of a maximum of Euro 4,999,000 between the conclusion of the tender offer and Aug 30th

2018, already approved on Dec 14th 2017 and sale of shares by major shareholder Co.Stamp Srl, in order to

achieve a minimum of 10% of floating capital. Both actions aim at increasing the free float and fostering

investments.

3


COSTAMP GROUPBUSINESS MODEL, FINANCIALS AND STRATEGIC GUIDELINES

MARCO CORTI

CHAIRMAN & CEO

GABRIELE BONFIGLIOLI

HEAD OF “LPDC & GRAVITY”

MICHELE TOMBINI

CHIEF COMMERCIAL OFFICER

4


HPDC DIES

(46% 2016 revenues)

AlloyAluminum

Magnesium

Market Automotive (95% of 2016 revenues) / lighting / heating/ industrial appliances

Main

applicationStructural parts

Powertrain

Machines

Used by customers

LPDC & GRAVITY DIES

(36% 2016 revenues)

PLASTIC DIES

(18% 2016 revenues)

Plastic

Business Units

Aluminum

Cast iron

Powertrain

Structural parts

Bumpers

Door Panels

5

Costamp Group is the global leader in the engineering,

production and trade of dies for die casting

Business Unit

Injection machines from 160 tons

up to 3000 tons

HPDC machines from 500 tons up

to 4500 tonsPouring machines


65%

17%

5%

4%

3%3%

3%

Production

Design

Quality

Logistics

Administration

Purchase

Sales

International Presence

6

Production and Sales Office:• Mumbai (India): Sales Office• Bhiwadi (India): Production and Sales Office

Sales Office:• Aichi–ken (Japan)

Sales Office:• Teheran (Iran)

Sales Office:• Shanghai (China)

Sales Office:• Sao Paulo (Brazil)

After Sales Support:• Queretaro (Mexico)

After Sales Support:• Auburn Hills (USA)

EMPLOYEES BREAKDOWN BY COMPETENCESPersonnel #

Sirone HQ 176

Turin facility 32

Pama 21

PiQ2 5

Correggio 63

San Giovanni in Persiceto 14

Total 311


1968

1982

1988

1994

1999

2003

2004

2008

2011

2013

2014

2015

2016

2017

2018

Foundation

Purchase of first CNC milling machines

Mr. Marco Corti joins the Company Management

First automotive die – Steering Housing

Move to the new premises in Sirone (LC)

Purchase and installation of the 1st HPDC press, for our internal sampling department

Acquisition of 49% of the shares of PAMA Srl

First structural part HPDC die - Shock Tower

ISO/TS 16949 Certification

Opening and start up of new plant in Rivalta (TO), for plastic injection molds

New expansion of Sirone plant: rough cutting & drilling facility

Launch of new dedicated warehouse for finished castings

Takeover of PiQ2, company that develops simulation software

Horizon 2020 Award

Reverse takeover with Modelleria Brambilla, founded in 1951 and listed on AIM Italia.

ISO 14001 Environmental Certification and OHSAS 18001 Safety And Health Certification.

7

Costamp Group Milestones


Governance

8

BOARD OF DIRECTORS

GROUP STRUCTURE SHAREHOLDERS

COSTAMP GROUP SPA*

100% 51%

Marco Corti Chairman & CEO

Aldo Alessandro Corti Director

Carlo Corti Director

Davide Corti Director

Cesare Carbonchi Director

Gabriele Bonfiglioli Director

Giacomo Maria Molteni Director

97,78%

0,17% 2,05%

Co.Stamp S.r.l.

Own Share

Other shareholders*

* of which 0.165% owned by Gabriele Bonfiglioli (Director)

50%

49% 72.6%

LPDC

Die holders Software

HPDC and Plastics


Costamp Group – Total Revenues over the years (in k €)

8.500

11.80012.50010.400

14.700

17.200

14.800

17.700

25.800

21.800

31.900

36.700

40.615

*58.700

10.000

20.000

30.000

40.000

50.000

60.000

0

2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

CAGR ’10-’16: +22%

*2016 data are pro-forma consolidated


Main competitors in EU die-casting mould manufacturers

Aluminum large dies Manufacturers Country2012

Turnover(€M)

2016Turnover

(€M)% ∆

EXCO Technologies Ltd.(2) CAN 116 126 9%

Costamp Group SpA(1) IT 23 59 157%

Meco Eckel GmbH(3) D 66 49 -26%

Schaufler D 21 48 129%

Aurrenak E 24 26 8%

Heck & Becker GmbH (4) D 22 25* 14%

Delaware Dynamics (4) USA 15 20* 33%

SAPP Spa IT 13 19 46%

Vetimec Soc. Coop. IT 14 19 36%

SCS Rodegari IT 7 10 43%

SCM Zanussi Srl IT 10 9 -10%

CO.ME.ST. Srl IT 3 6 100%

(1) Pro-forma consolidated 2016

(2) Casting and Extrusion Division only

(3) LPDC sold in 2016

(4) 2015


Value Chain

11

TURN-KEY SERVICE

A) PROJECT

MANAGEMENTB) DESIGN

D) TRY-OUTS/SMALL

PRODUCTIONSC) HPDC/LPDC DIES

1. Equipment

manufacturing;

2. Consultancy service

from A to Z.

1. Part co-design;

2. Die design;

3. Simulation work (PIQ2).

1. Complete dies;

2. Complete sets of casting

inserts;

3. Maintenance &

Refurbishment.

1. Samplings: Costamp

Group is equipped with

an internal foundry

department in the Sirone

plant;

2. Dimensional and

metallurgical controls;

3. Complete set-up

process;

4. Process development;

5. Production of small

batches & special series;

6. Post-sales

service/support.


High Pressure Die Casting (HPDC): products

12

Rear Grill – Aesthetic part Magnesium – Instrument panel Magnesium – FEC

Door frame Structural part – Tailgate Structural part –

Shock tower

Powertrain die – Gearbox Housing Third plate & 4 slides – Camshaft Housing Battery Housing


High Pressure Die Casting (HPDC): applications

13

ShockTowers

Front Crossbeam BearingFlange

Window Frames

STRUCTURAL PARTS

Instrument Panels

POWERTRAIN

TRUCK

Cylinder Head Cover Steering housing

FlangeHousingClutchHousing

Cylinder blocksGearboxhousing

Ladderframe Cover CoolingDuctTransmissionHousing Oil PanFlywheel Housing


Case History

14

Lamborghini Huracan – Rear Grille

❖ Casting and trimming

❖ Dimensional check through dedicatedfixtures and gauges

❖ Machining

❖ Teflon coating

❖ Delivery to customer for assembly


Lamborghini Huracan – Rear Grille

Case History


Case History

16

BMW – C-Evolution Electric Scooter

❖ Casting and Trimming


Low Pressure Die Casting (LPDC) / Gravity: products and applications

Products

Applications

Cylinder Head CoverEngine Blocks

( Various configurations )

Gearbox Housing Exhaust Manifold


Main Customers

58% of revenues is generated by the first 10 Clients, in line with market concentration

High level of Client loyalty


PUZZLE DIE: Official Endorsement By Premium OEM

For The Horizon 2020 Funding Program

BMW AG Daimler AG Jaguar Land Rover


PUZZLE_DIE: a short introduction

20

Standard die

Puzzle die


PUZZLE_DIE: a short introduction

21

Standard die Puzzle die


PUZZLE_DIE: Contribution of 2 €M to Co.Stamp by HORIZON 2020

22

PUZZLE DIE ADVANTAGES VS. TRADITIONAL DIES

Co.Stamp obtained a contribution of approximately 2 €M by the European Framework Program for Research and Innovation (2014 - 2020) called “Horizon 2020”.

Financing would go for the project called ‘PUZZLE DIE’, which will be aimed at researching and developing

an innovative technique for die casting dies for aluminum components for the automotive sector.

This research might be capable of

making the "life" of molds much longer.

Puzzle die will reposition aluminum

convenience among competitor material ones.

PPAP cost


MAIN TRENDS OF AUTOMOTIVE SECTORTHE FUTURE IS ELECTRIC AND ALUMINUM

MICHELE TOMBINI

CHIEF COMMERCIAL OFFICER

23


Italian automotive market: Supply Chain

Tier-1: Companies that supply parts, systems or complete modules directly to OEMs who may

complete the product or simply get it ready for distribution, i.e. a separate set of preassembled

components to be installed on the vehicle. Tier 1 companies reduce the manufacturer's interfaces and

simplify the management of supplies. They are often tightly coupled with one or two OEMs. Notable

examples:

Robert Bosch, Continental, Magna International, ZF, Magneti Marelli, Brembo, Sogefi.

Tier-2: suppliers of individual components with a high level of specialization and complexity. A Tier 2

company supplies products to a Tier 1 (who then supplies the parts to an OEM). In some cases a parts

manufacturer can be BOTH a Tier 1 and Tier 2 supplier depending on who they are supplying parts to.

Foundries are typical Tier-2 suppliers. Notable examples:

Nemak Group, Georg Fischer, Martinrea Honsel, Endurance Group, Teksid Aluminium

Tier-3: companies which provide components and/or tools and/or equipment to Tier 2 companies.

Thus mainly operating as sub-contractors of Tier-1 suppliers.

Toolmakers and equipment manufacturers are usually grouped in this category.

30.9%

47.2%

11.9%

SUPPLIERS

Costamp Group supplies Tier-1 and often collaborates directly with OEMs

in the project management and design phase

It could be placed in the middle between Tier-2 and Tier-3 suppliers.

% on the turnover of car parts industry in Italy

OEMs

Source: Unicredit Report

24


Automotive market: historical trends

71,668,3

65,6

75,078,2

82,185,6

88,3 89,793,9

4,7%

-4,5%-4,0%

14,3%

4,3%

5,1%

4,2%3,2%

1,5%

4,7%

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

Mln of Vehicles Change % yoy

Global registrations of vehicles 2007-2016 2016 Global registrations of vehicles by type of vehicles

In 2016, the world automotive market, with 93.9 million registeredmotor vehicles, showed an acceleration compared to thedynamics that had marked the three previous years, with agrowth of 4.7% vs 2015.

The world car market grew by 4.8% in 2016, reaching the size of69.4 million new vehicle registrations. The market of LightCommercial Vehicles, which in 2016 represent about 20% of allmotor vehicles registered during the year, reinforces the 2015growth trend and records a +4.4% y/y .

2017 marks a slowdown in the market, which grows overall by2.1% in the first half of the year (3.5% for the cars sector).Dieselgate has led to a slowdown in investments by the OEMs(which have been resumed in 2017) due to the need to rethinktheir strategies towards anticipating the transition to new modelslinked to the electric.

of which

China +4.6%

of which

USA -3.3%

ASIA

SOUTH

AMERICA

NORTH

AMERICA

EUROPE

WORLD +3.5%

Focus Cars 2017Mln of registrations and change % y/y

Source: Unicredit Report

25


Regulations in Europe force OEMs

to significantly reduce CO2 emissions

In 2025 penalties of € 12,350 per car if the car sold overcomes the average of 75 gr CO2 emissions per km

26

Source: McKinsey

gr. CO2 per km

gr. CO2 per km

gr. CO2 per km

€

€

€


2020 PER VEHICLE COUNTRY CO2 EMISSION TARGETS

(in g/km)

TOUGHER EMISSION REGULATIONS will encourage OEMs

to invest in E-MOBILITY

This will push OEMs to invest more and more in e-mobility, meaning electrical/hybrid powertrain solutions, as well as in lightweight and aerodynamic drag-reducing technologies.

In the next years the electric car market will likely transition from early deployment to mass market adoption. Assessments of country targets, OEM announcements and scenarios on

electric car deployment seem to confirm this trend; the electric car stock may range between 9 million and 20 million by 2020 and between 40 million and 70 million by 2025.

27

Carbon dioxide regulation is likely tocontinue to tighten, and not just inEurope. China, the US, and Japan havealso enacted laws to reduce emissions.

One immediate result will be higher costs.In Europe, the 2020 target might bereached with the help of advancedconventional technologies, but to meetthe overall fleet targets, moreelectrification could be necessary(especially for premium players).

Source: International Energy Agency report


ALUMINUM: best balance between weight reduction vs steel (-40%)

and additional cost involved (+30%)

Source: McKinsey + ITF

WEIGHT REDUCTION RELATIVE TO MATERIAL COSTTOTAL ALUMINUM CONTENT PER VEHICLE

2016 2020 2025

CFRP


ALUMINUM is the material of choice to boost fuel economy and cut

total carbon emissions. Most innovative vehicles rely on ALUMINUM

Jaguar XJ

Land Rover Range Rover

Jaguar F-Pace

Audi Q7

29

Chevrolet Malibu

Tesla Model S


ALUMINUM is the material of choice to boost fuel economy and cut

total carbon emissions. Most innovative vehicles rely on ALUMINUM


Automotive market: future growth drivers

E-MOBILITY

Market attention to greenhouse gas emissions and introduction of emission regulation encourage OEMs to invest

more in e-mobility, through development of new electrical and hybrid powertrains, including batteries, as well

as in lightweight and aerodynamic drag-reducing technologies.

INCREASE IN USE OF ALUMINUM

Aluminum content in cars will increase in the next few years: due to its high strength-to-weight ratio, aluminum is

able to dramatically reduce vehicle weight compared to steel, while also improving handling, performance,

and safety. In addition, Vehicles to carry electric batteries will be designed with aluminum structures to hold

them and provide thermal transfer capabilities to keep the battery cool or keep it warm in cold weather. So the

structure actually becomes part of the power source.

COLLABORATION BETWEEN SUPPLIERS

Offer integrated solutions through joint venture and strategic partnerships between suppliers: is necessary the

ability to offer integrated solutions to OEMs and Tier-1 suppliers to support the strategy of OEMs to contain costs

of supplying production inputs (through standardization processes of components in a few cross-vehicle

platforms and simplification of the interface with suppliers) which requires ever-increasing integration of

components into modules and systems.

FOCUSING THE PRODUCTION IN SOME GEOGRAPHICAL AREAS

Opening of new production plants abroad or agreements and partnerships with players that already have a

presence on these markets. In the case of Tier-1, internationalization also meets the needs of co-localization with

OEMs. The main markets are Eastern Europe (in particular Germany, Poland, Czech Republic, etc.), USA and

Mexico, China.

31


COSTAMP GROUPFINANCIALS AND STRATEGIC GUIDELINES

DAVIDE CORTI

DIRECTOR & CFO

MARCO CORTI

CHAIRMAN & CEO

32


2015-2016 Revenues trend

33

2015-2016 Revenues by Geography

2015-2016 Value of Production

2015-2016 Revenues by Business Line

Order Backlog (as of March 31st 2018): € 55 mln

Order Backlog (as of March 31st 2017): € 32 mln

VS. +71.9%

42% 40%

58% 60%

2015

Aggregate

2016

Pro-forma

ITALY ABROAD

48% 46%

11%18%

41% 36%

2015

Aggregate

2016

Pro-forma

HPDC PLASTIC LPDC & GRAVITY

58.079

58.683

2015

Aggregate

2016

Pro-Forma

YoY:

Abroad: +15%

Italy: +5.8%

YoY: +1%


Income Statement & Balance Sheet

34

Euro (/000)

2015Aggregated

2016Consolidated Pro

Forma

Value of Production 58,079 58,682

EBITDA 6,328 8,087

EBITDA % 10.9% 13.8%

EBIT 4,267 5,713

EBIT % 7.3% 9.7%

Net Profit 1,639 3,324

Net Profit % 2.8% 5.7%

Euro (/000)

2015Aggregated

2016Consolidated

Pro Forma

Net Working Capital

(NWC) 7,354 6,911

Fixed net assets 38,555 47,978

Other funds and provisions (1,465) (1,524)

Net Capital Employed 44,444 53,365

Equity 12,765 26,123

Net Financial Position

(Cash) 31,679 27,242

Sources 44,444 53,365

2015 Income Statement data are an aggregation of Co.Stamp Srl data (IAS/IFRS) and Modelleria Brambilla data (IAS 17 Adjusted).2015 Balance Sheet data are an aggregation of Co.Stamp Srl data (IAS/IFRS) and Modelleria Brambilla data (IAS 17 Adjusted).2016 Financial Statements do not include Modelleria ARA financials.


Deal Rationales

35

Costamp Group is an international player able to provide the market

with a complete offer in terms of processes (high pressure die casting,

low pressure die casting and gravity casting) and products (aluminum,

cast iron, thermoplastic, magnesium and related alloys).

Costamp Group serves a wider market (Italy, China, India, Germany,

Brazil, Mexico, Russia and USA, among other markets) and covers the

leading automotive customers and foundries with a greater number of

products.

Exploitation of synergies and economies of scale, maximizing and

leveraging the common experience.

Greater bargaining power and integration of common suppliers and

customers.

Integration between the management control systems.

COMPLETE OFFER

GEOGRAPHICAL

& CUSTOMERS

INTEGRATION

SYNERGIES


Growth Strategy

36

Development of cross-selling on low pressure, coming from Modelleria Brambilla,exploiting Costamp network and the strong demand for high performance aluminumcomponents in the electric market.

New organization of the group workflow through “make or buy” concept, in order todevelop a higher turnover, focusing only on the most critical processes and outsourcingprocesses with lower added value.

Creation of a new premium line on HPDC, thanks to the proprietary Puzzle Dietechnology.

Development of partnerships with OEM and Tier 1 on specific innovative projects: low-pression forging, forged safety parts, aluminum wheel rims in mass production,aluminum chassis, structural parts in magnesium, each as a unique partner of aninternational leading Tier 1.

International expansion through a “glocal” approach with a direct and well establishedpresence in the countries where OEM and Tier 1 operate: Germany, USA, Mexico(today's market), China and India (tomorrow's market).


_______________________________________________________LEADERSHIP____________________________________________________

• Global leader in the engineering, production and trade of dies for die casting;• The unique player able to provide the market with a complete offer in terms of processes and products (thanks to the

business combination with Modelleria Brambilla);• Strong international brand recognition and economic and financial strength;• Client loyalty thanks to the complete support during each stage in the process to the final product;• High quality: Die analysis (metrologic, Laser scanning), Steel analysis (chemical analysis, hardness tests), Alloy analysis

(chemical composition, density), analysis of the Casting (CMM, X-ray, Laser scanning).

__________________________________________________TECNOLOGY & R&D _________________________________________________

• 5 production plants equipped with cutting edge technology (CNC milling machines, overhead cranes, …);• The innovative solutions developed by Costamp Group combines state of the art advanced technology with the

experience of both founders and partners;• ‘PUZZLE_DIE’ project makes the "life" of molds much longer and repositions aluminum convenience among competitor

material ones.

_____________________________________________REGULATORY & MARKET DRIVERS___________________________________________

• Tougher emission regulations will force OEMs to invest in e-mobility and in lightweighting and aerodynamic drag-reducing technologies;

• Aluminum is the best balance between weight reduction vs steel (-40%) and additional cost involved (+30%);• Collaboration between suppliers in order to offer integrated solutions through JV and strategic partnerships;• Focusing the production in some geographical areas: Eastern Europe, USA, Mexico, China.

__________________________________________________INTERNATIONALISATION______________________________________________

• 60% of 2016 revenues realized abroad;• Commercial presence in USA, Mexico, Brazil, China, India, Japan, Iran;• Target: glocal approach in Germany, USA, Mexico, China and India.

Investment Opportunity

37


Next steps

38

To achieve an adequate floating capital1. Private placement:

2. Capital increase:Max. € 5 mln

Capital increase made by Costamp Group S.p.A.

1. and 2. will be simultaneous and immediately announced to the market as soon as possible.


COSTAMP GROUPVia Verdi, 6 - 23844 Sirone (LC)

T +39 031 875195

INVEST BANCA

Investment Banking DivisionVia L. Cherubini, 99 - 50053 Empoli (FI)

T +39 0571 5331301

[email protected]

IR TOP CONSULTING

Investor RelationsMaria Antonietta Pireddu

Via C. Cantù, 1 - 20123 Milano

T +39 02 45473883/4

[email protected]

CONTACTS

39


APPENDIX


Key People

41

MARCO CORTI (PRESIDENTE & CEO)

He joined Costamp in 1988. He was appointed as CEO in 1996, leading thecompany to a constant turnover growth from € 200 K in 1988 to current € 59 mln.

DAVIDE CORTI (CFO)He joined Costamp in 2008. He previously worked as Financial & Administration Manager by several freight and utility companies in the area.

GIACOMO MOLTENI (COO)

He has been working for Costamp since 2002.He previously worked as Technical Manager by company EffeC2 Srl and asProject Manager by Arturo Salice Spa.

MICHELE TOMBINI (CCO)He joined Costamp in 2010. He previously worked as Area Sales Managerat Eucasting Srl, HPDC foundry specialized in automotive components.

GABRIELE BONFIGLIOLI (HEAD OF LPDC & GRAVITY)

Modelleria Brambilla General Manager & CEO since 2011, leading the companyat the listing at AIM Italia market in 2014. He previously worked as Plant Managerat Tenneco Zola Predosa (BO).


HIGH PRESSURE DIE CASTING (HPDC)

ADVANTAGES Short casting cycles (ca. 100 sec.) Suitable for thin-walled components Smooth surfaces Well suited to automation

DISADVANTAGES High investments and operating costs Complicated, expensive dies Only for die-cast parts without under-cuts,

as sand cores cannot be used Lower strength values Die-cast weight limited by the locking

force of the machine

HPDC vs LPDC

42

LOW PRESSURE DIE CASTING (LPDC)

ADVANTAGES Very good strength values Complex geometries possible as sand

cores can be used Higher material utilisation, no need for

feeders High dimensional accuracy Whole process well-suited to automation Less complicated machine and die

technology

DISADVANTAGES Much slower casting cycles (ca. 300 sec.) Minimum wall thickness approx. 3 mm (in

die)


Plastic: products and applications

43

Products

Applications

Bumpers Door Panels Radiator Grilles Center Consoles


SIRONE (LC)

Activity• Aluminium and magnesium die-casting

dies for HPDC machines up to 4500 T

• Samples and special batches (medium-

small size)

• Program management

• Process development

Capacity• 440 projects per year

• 250 modifications, refurbishments,

maintenance

• 190 new dies, cavity replacements

Machinery• 48 CNC milling machines

• 19 overhead cranes

• 9 spark erosion machines

• 6 grinding stations

• 6 drilling stations

• 5 wire erosion machines

• 4 turning stations

• 3 spotting presses

Activity• Injection and co-injection moulding tools

for thermoplastics

• Injection compression moulding



• 126 modifications, maintenance,

components


Machinery• 7 CNC milling machines


• 1 spark erosion machines




• 2 spotting presses

Activity

• Die holders manufacturing

Capacity

• 310 projects per year

• 190 modifications, components

• 120 new projects

Machinery

• 11 CNC milling machines





Activity

• Developing and supporting of

Castle, a software solution for the

die-casting industry

44

Production Plants

RIVALTA DI TORINO (TO)CORREGGIO (RE)

AZZANO MELLA (BS) BRESCIA (BS)

Activity• Aluminium and cast-iron dies for LPDC &

GRAVITY castings




• 130 modifications, refurbishments,

maintenance

Machinery• 7 CNC milling machines, 5 axis, with

pallet change

• 5 CNC milling machines, 3 axis


• 3 spark erosion achines

• 1 grinding station

• 1 drilling station

• 1 wire erosion machine

• 1 turning station

• 1 spotting press

• 3 dimensional check / CTR system


ALUMINUM is important part of meeting 2025 fuel economy and

emissions standards: by 2020 automakers will have multiple

ALUMINUM-intensive closure programs

NO SINGLE MATERIAL DOMINATES THE AUTOMOBILE: ALUMINUM IS THE RISING MATERIAL OF CHOICE.

ALUMINUM OFFERS THE FASTEST, SAFEST, MOST ENVIRONMENTALLY-FRIENDLY AND COST-EFFECTIVE WAY TO BOOST

FUEL ECONOMY AND CUT TOTAL CARBON EMISSIONS.

REDUCING VEHICLE WEIGHT - WITHOUT REDUCING VEHICLE SIZE - WILL BE VITAL AS AUTOMAKERS DEVELOP NEXT

GENERATION CARS AND TRUCKS.

ALUMINUM IS

GROWING - Aluminum use in cars and trucks continues to rise on top of 40 years of consistent growth and that is

projected to reach average content levels of 500 pounds per vehicle by 2025 (up from approximately 390

pounds in 2015).

DELIVERING - As automakers respond to global demands for higher fuel economy, better performance and

reduced emissions (full life cycle), without compromising size or capability, manufacturers more and more rely

on aluminum to deliver on all fronts.

INNOVATING - Aluminum companies are partnering with automotive customers to develop holistic technology

packages to achieve vehicle design and engineering objectives and deliver a continuous innovation flow to

include developing and deploying higher strength alloys and closed-loop recycling technologies that add

significant economic value.

INVESTING - Since 2013, the aluminum industry announced U.S. plant expansions and planned investments

totaling more than $2.2 billion to meet increasing automotive customer needs (generating good, domestic

manufacturing jobs for the long term). As need arises, aluminum companies will invest even more.

Source: drivealuminum.org

45


The future is ELECTRIC and ALUMINUM:

Electric Vehicles (EVs) add fuel to LIGHTWEIGHTING initiatives

UK, France, Norway and China are stopping the sale of fossil-fuel vehicles and a number of

automotive OEMs have proposed electrification plans for their vehicle fleets in the coming

years: this drive toward EVs presents a potential boon for lightweighting technologies because

reducing vehicle weight is an essential method for reducing fuel consumption.

Due to its high strength-to-weight ratio, aluminum is able to dramatically reduce vehicle weight

compared to steel, while also improving handling, performance, and safety.

Although EVs and electric-hybrid vehicles inherently have zero-to-low fuel usage, lightweighting

can offset the weight of the heavy batteries required for EVs. Reducing the weight of the EV

allows auto makers either reduce the size of the battery pack (to reduce cost) or increase the

size of the battery pack (to extend the range of the vehicle).

Vehicles to carry electric batteries will be designed with aluminum structures to hold them and

provide thermal transfer capabilities to keep the battery cool or keep it warm in cold weather.

So the structure actually becomes part of the power source.

Automobile manufacturing is changing, and electro-mobility is also playing an increasingly

important role in the recycling and supply industries: irrespective of the drive technology,

aluminum content in structural bodywork is steadily increasing and innovative alloys open up

new applications for aluminum in this area.


Cars of the MEDIUM-HIGH SEGMENTS are most interested in the

"ALUMINUM revolution”

Aluminium intense vehicles

(>300 kg aluminium, average 412 kg)

The tendency to increase the use of aluminum is recorded throughout the automotive industry, but there are some examplesof cars that make it intensive.

The Audi A8, for example, launched in June 1994, features the all-aluminum chassis, revealing for the time an absolute noveltyin the field of large-scale cars. In January 2014, the new Ford F-150 was made almost entirely of aluminum, with a weightreduction of over 300 kg.

The average ALUMINUM content per vehicle varies from 62 kg to Smart ForTwo, up to a maximum of 610 kg for Range Rover Sport

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ALUMINUM builds a better vehicle: 6 ADVANTAGES

SUSTAINABILITY - Aluminum offers the lowest carbon footprint among competing

materials

An aluminum-intensive vehicle can achieve up to a 20% reduction in total life cycle

energy consumption and up to a 17% reduction in CO2.

For closures and body structures, typically 1 pound of aluminum replaces about 1.6

pounds of steel. This significantly minimizes the up-front material production impact.

Aluminum is infinitely recyclable without degradation to the material. Recycling

aluminum also saves more than 90% of the greenhouse gas emissions associated

with primary aluminum production, and requires only 8% of the energy.

The energy needed to produce primary aluminum is down more than a quarter

since 1995 and carbon footprint is down nearly 40%. This is equivalent to 37 million

barrels of oil saved and 25 million tons of CO2 e GHG reduced per year.

SAFETY - Aluminum-bodied Vehicles are Among the Very Safest on the Road

Aluminum can be used to maintain or even increase the size and energy absorption

capacity of a vehicle’s critical front- and back-end crumple zones for added safety,

without increasing overall weight.

Aluminum can absorb twice as much crash energy as steel.

Aluminum components can be designed to fold predictably during a crash, allowing

the vehicle to absorb much of the crash energy before it gets to the passenger

compartment.

All other factors equal, vehicles made lighter with aluminum require shorter stopping

distances than heavier vehicles to help drivers avoid crashes altogether.


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EFFICIENCY - Aluminum boosts MPG and battery range, cuts carbon

No vehicle technology strategy can cost-effectively achieve a 50+ MPG fuel

economy target without significant weight reduction. This can be done with

materials substitution to avoid less desirable vehicle downsizing.

A 5 to 7 percent fuel savings can be realized for every 10 percent weight reduction

when traditional steel is replaced with aluminum in vehicles.

Reducing weight with aluminum enables the use of smaller, more efficient engines

and smaller fuel-efficient multi-speed transmissions.

Using aluminum in electric vehicles can increase the vehicle’s driving range by

roughly the same proportion as it reduces weight—for example, reducing the weight

by 20% will allow the vehicle to travel 20% farther on the same charge.

PERFORMANCE - Aluminum drives performance to new heights

All other factors equal, vehicles made lighter with aluminum accelerate faster, brake

in shorter distances and handle better.

Reducing weight with aluminum enables the use of small, yet powerful,

turbocharged engines and fuel-efficient multi-speed transmissions.

Aluminum’s mechanical properties, design flexibility and range of fabrication

alternatives allows designers to engineer optimum shape and performance for each

specific application.

The rigidity of aluminum structures gives drivers a better feel for the road, provides

more rapid and precise control, and allows vehicles to deliver better stability and

response.

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COST EFFECTIVENESS - Saving weight with aluminum saves money

No single technology can cost-effectively achieve a 50+ MPG fuel economy target

without significant weight reduction. Using lighter aluminum reduces weight without

downsizing vehicles.

Weight reduction with aluminum is a safe and cost-effective complement to

maximize the benefits of other fuel economy improvement technologies, saving

motorists money at the pump.

Fewer batteries are required to move lighter electric vehicles. Using advanced

lighter-weight aluminum body structures can save up to $3,000 per vehicle.

Secondary cost savings realized by weight reduction with aluminum offset a

significant share of material cost premiums, making aluminum a cost-effective

solution.

DURABILITY - Aluminum is trusted in the most extreme transportation environments

Aluminum is naturally corrosion resistant, which helps maintain a vehicle’s structure

and increase lifespan.

Aluminum is approximately one-third the weight of steel, meaning parts can be

made thicker and stronger while still reducing the weight of a vehicle.

Aluminum parts can be engineered to be as strong if not stronger than steel.

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COSTAMP GROUP INVESTOR PRESENTATION GROUP... · 2018. 5. 24. · COSTAMP GROUP INVESTOR PRESENTATION MAIN STEPS OF THE REVERSE TAKEOVER May 31st 2017 Modelleria Brambilla S.p.A. and

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