PEERS & MARKETS
July 15-19, 2013
€
$
¥
€
₩
19/07/2013 €
19/07/2013
19/07/2013
19/07/2013
19/07/2013
19/07/2013
19/07/2013
€
Tyre
9.54 +10.9% +10.2%
33.26 +0.1% +10.5%
58,800 +25.1%
115.95 +3.9%
76.11 +6.3%
17.23
3,815 +0.8% +71.5%
+32.4%
+4.1%
+3.8% +24.8%
+5.2%
22.07.2013 - Pirelli Investor Relations, Competitive and Business Insight
Source: Reuters
FTSE Mib -0.9% +4.5%
Pirelli +10.2% +10.9%
2
Pirelli on the Stock Market YTD
Performance
Consensus Target Price: €9.70
% Buy: 45%
% Hold: 32%
% Sell: 23%
Market Cap: €4,657.2 mln (of which ord. €4,576.6 mln)
PIRELLI & C. VS FTSE MIB - Trend from January 1, 2013 to July 19, 2013
Sell side analysts evaluation on Pirelli & C (22/07/2013)
weekly
Stoxx A&P +17.7% +2,6%
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
6-J
un
12-J
un
18-J
un
24-J
un
30-J
un
6-J
ul
12-J
ul
18-J
ul
22.07.2013 - Pirelli Investor Relations, Competitive and Business Insight
3
Markets
Source: Reuters
22.07.2013 - Pirelli Investor Relations, Competitive and Business Insight
4
Pirelli & C. vs Auto & Parts Sector
DJ STOXX AUTO & PARTS: +2.6%
EUROPE: WEEKLY TREND 15/07/2013 – 19/07/2013 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
+8.3 pp +1.2 pp +1.5 pp
-2.5 pp -0.7 pp -0.7 pp
-0.7 pp +5.7 pp
-0.5 pp -0.2 pp -0.8 pp
22.07.2013 - Pirelli Investor Relations, Competitive and Business Insight
5
Pirelli & C. vs FTSE Mib relative performance (YTD)
2012 FY Relative performance:
FTSE Mib (YTD): -0.9%
Performance from January 1 to July 19, 2013
-18.7pp
-25.7pp
-8.0pp
+18.0pp
+39.6pp
+44.4pp
+2.9pp
+6.7pp
-18.2pp
+8.2pp
-2.4pp
+4.9pp
-4.7pp
-7.4pp
-20.2pp
+48.1pp
+48.6pp
+10.3pp
+47.5pp
+8.3pp
+16.8pp
+0.3pp
-5.8pp
+19.9pp
-22.7pp
+39.2pp
+5.4pp
+10.5pp
+38.3pp
+33.3pp
+40.0pp
+19.5pp
+20.6pp
-50.1pp
+3.4pp
+67.3pp
-48.5pp
+55.6pp
-6.9pp
-36.7pp
-46
.3p
p
-27
.8p
p
-23
.0p
p
-20
.4p
p
-17
.2p
p
-13
.7p
p
-12
.1p
p
-8.4
pp
-2.6
pp
-2.5
pp
-2.4
pp
-1.0
pp
3.1
pp
4.5
pp
5.0
pp
5.6
pp
5.8
pp
5.9
pp
6.3
pp
7.3
pp
7.6
pp
8.0
pp
10
.9p
p
11
.1p
p
13
.0p
p
18
.0p
p
26
.4p
p
27
.4p
p
28
.5p
p
31
.4p
p
35
.2p
p
36
.7p
p
40
.8p
p
40
.9p
p
41
.9p
p
49
.8p
p
53
.7p
p
57
.2p
p
57
.4p
p
11
3.3
pp
Sa
ipe
m
Te
leco
En
el
Ba
nco
BP
M
Fin
me
cc
Ubi
En
i
Bm
ps
Atla
ntia
Me
dio
ba
nca
Cam
pa
ri
Sn
am
Inte
sa
Unic
red
it
Bu
zzi
Pry
sm
ian
Ge
ne
rali
Dia
so
rin
Te
rna
Fia
t
An
sa
ldo
Te
na
ris
Pir
ell
i
En
el G
ree
n
Gte
ch
Au
tog
rill
Exo
r
TO
D'S
Lu
xo
ttic
a
Imp
reg
ilo
Me
dio
lan
um
Pa
rma
lat
A2
A
Stm
Azim
ut
Fo
nd
iari
a
Fe
rra
ga
mo
Fia
t A
uto
Me
dia
se
t
22.07.2013 - Pirelli Investor Relations, Competitive and Business Insight
6
Tyre Sector Evaluation Multiples CONSENSUS PEERS TYRE MARKET MULTIPLES AT 22/07/2013 Source: Pirelli IR analysis on Bloomberg data