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    Presentation - Full Year 2007 Results

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    Piaggiogroup
    This document provides a summary of operating results for Piaggio Group for the full year 2007. Some key highlights include: - Net sales increased 5.3% to €1,692.1 million compared to €1,607.4 million in 2006. EBITDA rose 10.8% to €226.1 million and EBIT increased 19.6% to €136.6 million. - Total vehicle volumes sold increased 4.1% to 708,500 units compared to 680,800 units in 2006. Scooter sales volumes were relatively flat while motorcycle sales increased. - The net financial position improved from €318 million of net debt in 2006 to €269.8 million

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    Presentation - Full Year 2007 Results

    Uploaded by

    Piaggiogroup
    13 views11 pages
    This document provides a summary of operating results for Piaggio Group for the full year 2007. Some key highlights include: - Net sales increased 5.3% to €1,692.1 million compared to €1,607.4 million in 2006. EBITDA rose 10.8% to €226.1 million and EBIT increased 19.6% to €136.6 million. - Total vehicle volumes sold increased 4.1% to 708,500 units compared to 680,800 units in 2006. Scooter sales volumes were relatively flat while motorcycle sales increased. - The net financial position improved from €318 million of net debt in 2006 to €269.8 million

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    This document provides a summary of operating results for Piaggio Group for the full year 2007. Some key highlights include: - Net sales increased 5.3% to €1,692.1 million compared to €1,607.4 million in 2006. EBITDA rose 10.8% to €226.1 million and EBIT increased 19.6% to €136.6 million. - Total vehicle volumes sold increased 4.1% to 708,500 units compared to 680,800 units in 2006. Scooter sales volumes were relatively flat while motorcycle sales increased. - The net financial position improved from €318 million of net debt in 2006 to €269.8 million

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    13 views11 pages

    Presentation - Full Year 2007 Results

    Uploaded by

    Piaggiogroup
    This document provides a summary of operating results for Piaggio Group for the full year 2007. Some key highlights include: - Net sales increased 5.3% to €1,692.1 million compared to €1,607.4 million in 2006. EBITDA rose 10.8% to €226.1 million and EBIT increased 19.6% to €136.6 million. - Total vehicle volumes sold increased 4.1% to 708,500 units compared to 680,800 units in 2006. Scooter sales volumes were relatively flat while motorcycle sales increased. - The net financial position improved from €318 million of net debt in 2006 to €269.8 million

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 11

    Piaggio Group

    Full Year 07 Operating Results

    Milan, March 7th 2008

    Disclaimer

    THESE SLIDES HAVE BEEN PREPARED BY THE COMPANY SOLELY FOR THE USE AT THE ANALYST CONFERENCE CALL ON PIAGGIOS FULL YEAR 2007 CONSOLIDATED RESULTS.

    THE INFORMATION CONTAINED HEREIN HAS NOT BEEN INDEPENDENTLY VERIFIED. NONE OF THE COMPANY OR REPRESENTATIVES SHALL HAVE ANY LIABILITY WHATSOEVER IN NEGLIGENCE OR OTHERWISE FOR ANY LOSS HOWSOEVER ARISING FROM ANY USE OF THESE SLIDES OR THEIR CONTENTS OR OTHERWISE ARISING IN CONNECTION WITH THESE SLIDES ORANY MATERIAL DISCUSSED DURING THE ANALYST CONFERENCE CALL.

    THIS DOCUMENT IS BEING FURNISHED TO YOU SOLELY FOR YOUR INFORMATION AND MAY NOT BE REPRODUCED OR REDISTRIBUTED TO ANY OTHER PERSON.

    THE INFORMATION CONTAINED HEREIN AND OTHER MATERIAL DISCUSSED DURING THE ANALYST CONFERENCE CALL MAY INCLUDE FORWARD-LOOKING STATEMENTS THAT ARE NOT HISTORICAL FACTS, INCLUDING STATEMENTS ABOUT THE COMPANYS BELIEFS AND EXPECTATIONS. THESE STATEMENTS ARE BASED ON CURRENT PLANS, ESTIMATES, PROJECTIONS AND PROJECTS,AND THEREFORE YOU SHOULD NOT PLACE UNDUE RELIANCE ON THEM.

    FORWARD-LOOKING STATEMENTS INVOLVE INHERENT RISKS AND UNCERTAINTIES. WE CAUTION YOU THAT A NUMBER OF IMPORTANT FACTORS COULD CAUSE ACTUAL RESULTS TODIFFER MATERIALLY FROM THOSE CONTAINED IN ANY FORWARD-LOOKING STATEMENT.

    SUCH FACTORS INCLUDE, BUT ARE NOT LIMITED TO: TRENDS IN PIAGGIOS CORE BUSINESS, ITS ABILITY TO IMPLEMENT COST-CUTTING PLANS, FUTURE CAPITAL EXPENDITURES.

    Financial Statement (IFRS-IAS)


    Year 07 Vs Year 06 (mln )

    Piaggio Group operating results (IFRS-IAS)


    Year 07 Vs Year 06
    Net Sales
    (mln ) 1.607,4 1.692,1 (mln ) 204,0
    +5,3% % margin 12,7% +10,8% 13,4%

    EBITDA
    226,1

    06

    07

    06

    07

    EBIT
    (mln ) 114,2
    % margin 7,1% +19,6%

    Income before Tax


    (mln ) 136,6 88,2
    8,1% % margin 5,5% +17,3%

    103,5
    6,1%

    06

    07

    06

    07

    Net Income
    (mln ) 70,3
    % margin 4,4% -14,7%

    NFP
    (mln ) 60,0
    3,5%

    (318,0) 06

    +15,2%

    (269,8) 07
    4

    06

    07

    Net Sales trend


    Year 07 Vs Year 06 (mln )

    +5.3% 1.607,4 Others Spare Parts Ltv India Ltv Eu Moto


    15,0 176,4 194,1 127,3 260,9

    +5.3% 1.692,1 1.607,4 Guzzi Aprilia Derbi


    82,6 322,2 70,3

    1.692,1
    -13.0% +8.1% +1.4%
    71,8 348,3 71,3

    n.s. +10.7% +15.4% -5.9% +6.5%

    21,1 195,2 223,9 119,8 277,9

    Scooter

    Piaggio
    833,7
    +2.4%

    1132,3

    +6.0%

    1200,7

    854,1

    FY 06

    FY 07

    FY 06

    FY 07

    Note: 2006 Net Sales include 36,5M turnover Vs Poste Italiane.

    Net Sales trend


    Year 07 Vs Year 06 (mln )

    +5.3% 1.607,4
    RoW Asia Pacific India America
    13,6 38,5 206,4 82,3
    +10.2% +35.1% +15.3% -3.6%

    1.692,1
    15,0 52,0 238,0 79,3

    100%
    0,9% 3,1% 14,1% 4,7%

    RoE

    647,5

    +13.9%

    737,7

    43,6%

    Italia

    619,0

    -7.9%

    570,0

    33,7%

    FY 06
    Note: 2006 Net Sales include 36,5M turnover Vs Poste Italiane

    FY 07

    FY 07

    Total Volumes trend


    Year 07 Vs Year 06 (000 units, sell in)

    +4.1% 680,8
    LTV Eu LTV India Moto

    708,5
    19,5 154,4 81,4

    +4.1% 680,8
    Guzzi Aprilia Derbi

    708,5
    8,9 121,3 39,0

    20,9 139,4 69,7

    -6.9% +10.7% +16.7%

    10,2 114,6 36,4

    -12.7% +5.8% +7.1%

    Scooter

    450,7

    +0.6%

    453,3

    Piaggio

    519,6

    +3.8%

    539,3

    FY 06

    FY 07

    FY 06

    FY 07

    Note: 2006 Volumes include 24.3 K vehicles sold to Poste Italiane

    EBITDA Evolution (IFRS-IAS)


    Year 07 Vs Year 06 (mln )
    1Q 07/06: + 3.4% 2Q 07/06: +10.3% 3Q 07/06: +12.4% 4Q 07/06: +25.1%

    + 10,8%

    15,4

    7,0

    (0,3)

    226,1

    204,0

    13,4%

    EBITDA Margin

    12,7%

    FY 06

    Gross Margin

    Opex

    Amortiz.

    FY 07

    Net Result Evolution (IFRS-IAS)


    Year 07 Vs Year 06 (mln )

    Income Before Tax +17,3%

    - 14,7%

    22,4

    (7,0) (25,7)

    70,3

    60,0

    FY 06

    Ebit

    Financial Expenses

    Tax

    FY 07

    Group Balance Sheet (IFRS-IAS)


    Year 07 Vs Year 06 (mln )

    10

    PFN Evolution (IFRS-IAS)


    Year 06 vs Year 07 (mln )
    Receivable: Inventories: Payables: Others : 17,1 7,8 (45,8) 41,5

    AuCap Stock Options: 6,3 Buy Back: (26,8) Dividends (11,9) Exchange & Others: 5,3

    20,6

    (91,7)

    3,4 (27,3)

    (269,8)

    (318,0)

    143,2

    Cash Flow Generation

    + 48,2
    FY 06 Operating Cash Flow Working Capital Capex Disinvest. and others Equity FY 07

    11

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