PEERS & MARKETS

February 4 – 8, 2013

€

$

¥

€

₩

08/02/2013 €

08/02/2013

08/02/2013

08/02/2013

08/02/2013

08/02/2013

08/02/2013

€

Tyre

8.92 -1.5% +3.1%

34.9 +7.9% +15.8%

43200 -1.0% -6.1%

87.6 +0.2% 0.0%

71.1 0.0% -0.7%

13.6 -1.4% -1.6%

2473.0 +0.7% +8.9%

11.02.2013 - Pirelli Investor Relations, Competitive and Business Insight

Source: Reuters

FTSE Mib +2.2% -4.0%

Pirelli +3.1% -1.5%

2

Pirelli on the Stock Market

YTD

Performance

Consensus Target Price: €9.9

Buy: 46%

% Sell: 21%

% Hold: 33%

Market Cap: €4,296.2 mln (of which ord. € 4,222.2 mln)

PIRELLI & C. VS FTSE MIB - Trend from January 1, 2013 to February 8, 2013

Sell side analysts evaluation on Pirelli & C (11/02/2013)

weekly

Stoxx A&P +6.1% +0.8%

1-J

an

2-J

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1-F

eb

2-F

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3-F

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4-F

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5-F

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11.02.2013 - Pirelli Investor Relations, Competitive and Business Insight

Source: Reuters

Markets

3

8

11.02.2013 - Pirelli Investor Relations, Competitive and Business Insight

DJ STOXX AUTO & PARTS: +0.8%

EUROPE: WEEKLY TREND 04/02/2013 – 08/02/2012 TYRES & AUTO STOCKS vs DJ STOXX AUTO & PARTS

Source: Reuters

TYRE

Pirelli & C. vs Auto & Parts Sector

AUTO

4

Pirelli & C Continental Michelin Nokian Fiat Auto Renault Peugeot Volkswagen BMW Daimler Fiat

Industrial

-2.3 pp -0.6 pp -0.8 pp

+7.1 pp

-1.3 pp

+0.1 pp

-4.0 pp

+1.0 pp

-3.6 pp -2.1 pp

+4.1 pp

11.02.2013 - Pirelli Investor Relations, Competitive and Business Insight

Pirelli vs FTSE Mib relative performance (YTD)

5

2012 FY Relative performance:

FTSE Mib (YTD): +2.2%

Performance from January 1 to February 8, 2013

-18.7pp

+47.5pp

-8.0pp

+6.7pp

+1.8pp

+10.3pp

-25.7pp

+8.2pp

+4.9pp

+24.5pp

-5.0pp

+48.1pp

-20.8pp

+48.6pp

+25.2pp

-47.7pp

+2.9pp

+8.3pp

+40.3pp

+43.9pp

+7.3pp

+33.3pp

+0.3pp

-6.5pp

-20.5pp

+41.5pp

-2.4pp

+17.6pp

+19.5pp

+37.3pp

+39.6pp

+10.5pp

+69.2pp

+7.9pp

+46.9pp

-20.2pp

-1.1pp

+8.1pp

-36.7pp

-61.3pp

-28

.9p

p

-11

.4p

p

-8.2

pp

-7.2

pp

-6.6

pp

-5.3

pp

-4.9

pp

-4.p

p

-3.7

pp

-1.6

pp

-1.2

pp

-1.2

pp

-.1

pp

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pp

0.9

pp

1.4

pp

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1.7

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3.6

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3.7

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4.9

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9.1

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11

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11

.9p

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12

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14

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.3p

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.6p

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16

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16

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18

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32

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11.02.2013 - Pirelli Investor Relations, Competitive and Business Insight

CONSENSUS PEERS TYRE MARKET MULTIPLES AT 11/02/2013 Source: Pirelli IR analysis on Bloomberg data

Tyre Sector evaluation Multiples

6