Third Quarter 2017October 24, 2017

BMV: RASSINIwww.rassini.com

First nine months of 2017 Highlights

• Net revenue increased to $13,593 million pesos.

• EBITDA grew to $2,530 million pesos.

• Net income reached $1,203 million pesos.

• Net Debt/annualized EBITDA ratio as of September 30 was 0.3x.

• EBITDA/Net Interest Expense ratio as of September 30 was 11.0x.

2

Consolidated Nine Months Highlights

(January 1- September 30)

2017(mill. Pesos)

2016(mill. Pesos)

% Change

Sales $13,593 $11,987 13%

Gross Profit $3,451 $3,227 7%

EBITDA $2,530 $2,369 7%

Net Income before taxes

and minority interest

$1,493 $1,466 2%

Net Income $1,203 $1,230 (2%)

4

MacroeconomicsSeptember 2017

Ma

y 0

8

Se

p1

7

Housing

Starts

Sources: Reuters, Bureau of Labor Statistics and Gas Buddy.

Exceeding a million homes for

twenty nine consecutive months

1.2Million of houses

5.4%

Unemployment 4.2%

Ma

y 0

8

Se

p1

7

4.2%

Fuel Cost 2.5 US$ / Gallon4.1

2.52.5

Ma

y0

8

De

c1

4

Se

p1

7

15.2 15.5 16.9 17.4 17.5

18.5

8

10

12

14

16

18

20

22

J M M J S N J M M J S N J M M J S N J M M J S N J M M J S N J M M J S

2012 2013 2014 2015 2016 2017

16.217.0

17.5 17.8

17.4 17.5 17.7

2013 2014 2015 2016 2017 2018 2019

Actual

IHS Forecast / Sep'17

7.0 7.0 6.9 6.7 5.2 4.6

9.2 10.1 10.6 11.2

8.3 8.5

16.217.0 17.5 17.8

13.5 13.1

2013 2014 2015 2016 3Q16 3Q17

Passenger Cars Light Trucks

US Light Vehicle SAAR

5

Annual average

(3%)

Industry SnapshotMillion units

Expected Light Vehicle Production

1%(3%) 1%

Source: IHS @ September’17

SAAR reached 18.5 million units during September 2017.

Production in North America is expected to reach 18.2 million units in 2020 according to the experts from IHS.

September inventories closed at a level of 64 days’ supply.

Light Trucks production increased 3% vs previous year.

NAFTA Light Vehicle Production

Sep

Country 2016 2017 2018 2019

USA 12.0 11.1 11.3 11.3

CAN 2.4 2.2 2.1 1.9

MEX 3.5 4.0 4.2 4.4

NAFTA 17.8 17.4 17.5 17.7

Consolidated FinancialHighlights

MxP/USD Sep'16 Sep'17

End 19.50 18.20

Average 18.26 18.93

9,353 9,392 10,362

11,900 12,897

16,340

11,987

13,593

1,178 1,203 1,343

1,568

2,141

3,190

2,369 2,530

11 12 13 14 15 16 Jan -Sep'16

Jan - Sep'17

Sales EBITDA

7

Consolidated Sales and EBITDA Million Pesos

CAGR '11-'16

Sales 12%

EBITDA 22%

2,369 2,337

33

2,530 2,437

93

Consolidated North America Brazil*

7%

4%

182%

8

EBITDA

Sales

YTD Sales and EBITDA by Region Million Pesos

* EBITDA before Fees and Royalties

11,98711,020

967

13,59312,197

1,396

Jan-Sep '16 Jan-Sep '17

13% 11%

44%

Actual dist. Sales

NAFTA 90%

Brazil 10%

Consolidated 100%

Actual dist. EBITDA

NAFTA 96%

Brazil 4%

Consolidated 100%

Sales by Product and Region

9

Consolidated Sales BreakdownMillion Pesos

2016 % 2017 %

Leaf Springs (1) 6,097 51 6,681 49

Coil Springs 1,256 10 1,329 10

NAFTA Suspensions 7,353 61 8,010 59

Brakes (1) 3,667 31 4,187 31

TOTAL NAFTA 11,020 92 12,197 90

Leaf Springs (1) 803 7 1,192 9

BRAZIL Coil Springs 164 1 205 1

TOTAL BRAZIL 967 8 1,396 10

CONSOLIDATED SALES 11,987 100 13,593 100

(1) Includes elimination of intercompany transactions.

Jan-Sep Jan-Sep

US OEMs 76%

Asian OEMs9%

European OEMs

6%

Aftermarket2%

Trailers Brazil 1%

Other 6%

Sales distribution by customer

OEM: Original Equipment Manufacturer

10

Consolidated Income Statement Million Pesos

Consolidated Jan-Sep Jan-Sep % Var

Income Statement 2016 2017 17/16

Net Sales 11,987.2 13,592.6 13

Cost of sales 8,760.3 10,141.6 (16)

Gross Profit 3,226.9 3,451.0 7

% of sales 27 25

SG&A 857.8 920.7 (7)

EBITDA 2,369.1 2,530.3 7

% of sales 20 19

Depreciation 553.8 570.3 (3)

Interest & other financial charges 252.4 238.3 6

Other expenses 97.2 228.8 (135)

Income before Taxes & Minority Int. 1,465.7 1,492.9 2

Other non-recurring income (134.9) - 100

Taxes & Deferred Taxes 435.4 372.7 14

Minority Interest (64.7) (82.8) (28)

Net Income 1,229.9 1,203.0 (2)

11

Consolidated Cash FlowMillion Pesos

Consolidated Jan-Sep Jan-Sep % Var

Cash Flow 2016 2017 17/16

EBITDA 2,369.1 2,530.3 7

Working Capital and Taxes (723.1) (761.9)

Net operating cash flow 1,646.0 1,768.4 7

Interest expense (206.9) (170.5)

Cash flow after int. expense 1,439.1 1,597.9 11

Capex (651.3) (622.9)

Cash flow available for debt service 787.8 975.0 24

Financing & Debt Amortization (194.0) (374.8)

Dividends paid (480.0) (640.3)

Other (162.5) (385.9)

Beginning cash balance 1,223.0 1,913.1

Ending cash balance 1,174.3 1,487.1 27

Short Term

Current

Portion

LTD

Long

Term Total

Suspension Division NA 8.4 25.0 31.3 64.7

Brakes Division 8.0 9.0 27.0 44.0

Suspension Division Brazil 29.5 - 0.2 29.7

TOTAL 45.9 34.0 58.5 138.4

12

As of End ofSeptember 2017

Cash balance Sep’17 = US$82 mill.

Net Debt Sep’17 = US$57 mill.

Consolidated Debt Million US dollars

9.08.5

34.0 34.0

6.8

2017 2018 2019 2020 2021

Long Term Debt Amortization ProfileUS$ Million

Nafta Suspensions Brakes

Note: Debt profile does not include working capital financings

0.5 0.5

4.1

0.3 0.3

4.2

Sep'16 Sep'17

36% 39%

(2%)

9.8

14.5

0.4

11.0

15.6

1.3

Consolidated North America Brazil *

12%

8%

225%

13

Net debt / EBITDA

EBITDA / Net interest

Financial Ratios by Region (Times)

* EBITDA before Fees and Royalties

Appendix

BMV: RASSINI

www.rassini.com

What defines Rassini…

15

World’s largest producer of suspensioncomponents for light commercial vehicles

Largest fully integrated brake discproducer in the Americas

Absolute Leader in technology and marketshare designing and producing suspensioncomponents and high performancebrake rotors.

Within the Top 100 North American suppliersby Automotive News.

Recognized year after year for ouroperational excellence.

Our Products

58%31

%

11%

Leaf Springs

Brakes

Coil Springs

• Leaf Springs and Coil Spring

São Bernardo do Campo, São Paulo

Mexico

• BrakesSan Martin, Puebla

• Leaf Springs and Coil Springs

Piedras Negras, Coahuila

• Leaf SpringsXalostoc, Estado de Mexico

• Elastomers and Bushing AssembliesSan Juan del Rio, Queretaro

• HeadquartersMexico City

• Coil Springs

Montpelier, Ohio

• BrakesFlint, Michigan

• Sales , Engineering, Research

and DevelopmentPlymouth, Michigan

Brazil

• Leaf SpringsNova Iguacu, Rio de Janeiro

USA• Engineering Office

Stuttgart, Germany

• Engineering Office

Tokyo, Japan

Plants arroundthe Americas

Operatingdivisions

84

5 R&D Centers

Juan Pablo Sánchez

Francisco Freyre

Emma Bocanegra

CFO

Assistant VP Inv. Rel. and Finance

Financial Planning and Inv. Rel.

jsanchez@rassini.com

ffreyre@rassini.com

ebocanegra@rassini.com

BMV: RASSINI

www.rassini.com