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COMPANY PROFILE Milano, 2-3 /3/2005 COMPANY PROFILE STAR Conference 2006 – London – September 27-29

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Page 1: Presentazione Londra ok 28 09 06.pps - Prima Industrie€¦ · Additional 150 employees in China in JV (not consolidated) PI.C.GB.06.09.03 3 E U R O P E PRIMA ELECTRONICS TORINO -

COMPANY PROFILE

Milano, 2-3 /3/2005

COMPANY PROFILESTAR Conference 2006 – London – September 27-29

Page 2: Presentazione Londra ok 28 09 06.pps - Prima Industrie€¦ · Additional 150 employees in China in JV (not consolidated) PI.C.GB.06.09.03 3 E U R O P E PRIMA ELECTRONICS TORINO -

PI.C.GB.06.09.03 2

PRIMA Group at a glance

Global player in laser systems for industrial applications:•3rd player in Europe•5th player Worldwide

Over 1,000 customers in automotive, aerospace and in a wide range of other sectors

About 2,500 laser systems installed in over 40 countries

Consolidated sales in 2005 over 110 M€, with 75% export

6 Manufacturing facilities in Italy (2), USA (2) and China (2)

World leader in multi-axis systems for automotive & aerospace:•Estimated 45% market share in Europe•Estimated 30% market share in North America

550 employees in Italy (370), USA (120) and Europe (60). Additional 150 employees in China in JV (not consolidated)

Page 3: Presentazione Londra ok 28 09 06.pps - Prima Industrie€¦ · Additional 150 employees in China in JV (not consolidated) PI.C.GB.06.09.03 3 E U R O P E PRIMA ELECTRONICS TORINO -

PI.C.GB.06.09.03 3

E U R O P E

PRIMA ELECTRONICSTORINO - Italy

100%

50%

50%

PRIMA INDUSTRIETORINO - Italy

100%

AMERICA A S I A

PRIMANORTH AMERICA

SPRINGFIELD (MA) - USA

Group Structure

PRIMA RESEARCH CENTREBARI

57.8%

6.1%(*)

30%

PRIMA FRANCEPARIS

PRIMA GMBHFRANKFURT

PRIMA INDUSTRIE UKBIRMINGHAM

PRIMA ESPANA BARCELONA

PRIMA SCANDINAVIA GOTEBORG

CONVERGENT LASERS DIVISION (MA)

PRIMA LASER TOOLS DIVISION(MA)

LASERDYNE SYSTEMS DIVISION (MN)

M L T A TORINO - Italy

E P STORINO - Italy

PRIMA CHINABEJING- China

SMTCL – PRIMASHENYANG - China

UNITY PRIMASHANGHAI-China

SNK – PRIMAOSAKA - Japan

WUHAN OVLWUHAN- China

27.5%

(*):Expected as at Dec.31,2006

100%

100%

100%

Page 4: Presentazione Londra ok 28 09 06.pps - Prima Industrie€¦ · Additional 150 employees in China in JV (not consolidated) PI.C.GB.06.09.03 3 E U R O P E PRIMA ELECTRONICS TORINO -

PI.C.GB.06.09.03 4

Group Facilities

ITALY

Moncalieri (Torino),ItalyCNC, servodrives and custom electronic

products.

Shanghai, China CO2 2D laser system

for cutting andScribing.

Chicopee, MA (USA)CO2 and Nd: YAG lasers.

COLLEGNO (TORINO), ITALYCO2 2D and 3D laser

systems for cutting and welding.

Champlin, MN (USA)Nd: YAG and CO2 2D and 3D

laser systems for drilling, cutting and

welding.

USA CHINA

Shenyang, China CO2 2D laser system

for cutting

USA CHINA

Page 5: Presentazione Londra ok 28 09 06.pps - Prima Industrie€¦ · Additional 150 employees in China in JV (not consolidated) PI.C.GB.06.09.03 3 E U R O P E PRIMA ELECTRONICS TORINO -

PI.C.GB.06.09.03 5

Worldwide Network

Distributors and Agents

Direct presence (group companies, branch offices, JVs)

Headquarters

World

Europe

Page 6: Presentazione Londra ok 28 09 06.pps - Prima Industrie€¦ · Additional 150 employees in China in JV (not consolidated) PI.C.GB.06.09.03 3 E U R O P E PRIMA ELECTRONICS TORINO -

PI.C.GB.06.09.03 6

Prima Group today

HIGH TECH LEADER IN LASER SYSTEMS FOR HIGH POWER INDUSTRIAL APPLICATIONS

2D Laser cutting

3D laser cutting

Laserdrilling

Laserwelding

OVER 25 YEARS OF EXPERIENCEFULLY INTEGRATED KNOW-HOW

Laser generator

CNC &software Automation

Cuttinghead

Page 7: Presentazione Londra ok 28 09 06.pps - Prima Industrie€¦ · Additional 150 employees in China in JV (not consolidated) PI.C.GB.06.09.03 3 E U R O P E PRIMA ELECTRONICS TORINO -

3D Selected Customers

TIER 1 suppliers

Car manufacturers

Automotive

Energy

Aircrafts manufacturers

Engine / Component manufacturers

Aerospace

Page 8: Presentazione Londra ok 28 09 06.pps - Prima Industrie€¦ · Additional 150 employees in China in JV (not consolidated) PI.C.GB.06.09.03 3 E U R O P E PRIMA ELECTRONICS TORINO -

2D Selected CustomersAgricultural & Construction machines,Trucks & Trailers

HVAC, White Goods

Forklifts, Industrial Machinery, Others

Page 9: Presentazione Londra ok 28 09 06.pps - Prima Industrie€¦ · Additional 150 employees in China in JV (not consolidated) PI.C.GB.06.09.03 3 E U R O P E PRIMA ELECTRONICS TORINO -

Electronics Selected Customers

Electronics

Page 10: Presentazione Londra ok 28 09 06.pps - Prima Industrie€¦ · Additional 150 employees in China in JV (not consolidated) PI.C.GB.06.09.03 3 E U R O P E PRIMA ELECTRONICS TORINO -

PI.C.GB.06.09.03 10

Laser machines

.

Page 11: Presentazione Londra ok 28 09 06.pps - Prima Industrie€¦ · Additional 150 employees in China in JV (not consolidated) PI.C.GB.06.09.03 3 E U R O P E PRIMA ELECTRONICS TORINO -

PI.C.GB.06.09.03 11

0

20

40

60

80

100

120

1995 2000 2005 20100,0

1,0

2,0

3,0

4,0

5,0

6,0

PI Group sales Market size

LASER SYSTEMS SECTOR GROWTH vs PRIMA INDUSTRIE GROUP GROWTH

STRONG GROWTH

DRIVERS AS COMPARED TO

TRADITIONAL

TECHNOLOGIES

• PRODUCT QUALITY

• PROCESS FLEXIBILITY

• COST EFFICIENCY

•TIME TO MARKET REDUCTION

• ENERGY/FUEL SAVINGS

Laser systems market

(Million €)

Prima Industrie consolidated sales vs Market size

CAGR PI 95-05 +17,05%

(Billion €)

CAGR MARKET 95-05 +11,3%

+10,7%CAGR MARKET 05-10 Expected

Actual

Actual

Page 12: Presentazione Londra ok 28 09 06.pps - Prima Industrie€¦ · Additional 150 employees in China in JV (not consolidated) PI.C.GB.06.09.03 3 E U R O P E PRIMA ELECTRONICS TORINO -

PI.C.GB.06.09.03 12

R&D: Aknowledgemnts and Awards

Syncrono …Prima Industrie

IlSole24Ore:“La Ferrari dei robot. Syncrono,

la macchina laser ad altissima precisione e super veloce di Prima Industrie,

considerata il gioiello della tecnologia italiana.”

Page 13: Presentazione Londra ok 28 09 06.pps - Prima Industrie€¦ · Additional 150 employees in China in JV (not consolidated) PI.C.GB.06.09.03 3 E U R O P E PRIMA ELECTRONICS TORINO -

PI.C.GB.06.09.03 13

R&D: Strong commitment and product innovation

• Over 80 Engineers in R&D.

• R&D centers in:

•Italy (Torino and Bari)•USA (Chicopee and Champlin)

R&D expenses to P/L

0

1000

2000

3000

4000

5000

6000

7000

8000

9000

1997 1998 1999 2000 2001 2002 2003 2004 2005

k€

0,0%

1,0%

2,0%

3,0%

4,0%

5,0%

6,0%

7,0%

8,0%

% o

n sa

les

Page 14: Presentazione Londra ok 28 09 06.pps - Prima Industrie€¦ · Additional 150 employees in China in JV (not consolidated) PI.C.GB.06.09.03 3 E U R O P E PRIMA ELECTRONICS TORINO -

PI.C.GB.06.09.03 14

CONSOLIDATED FIGURES

AS AT

JUNE 30, 2006

(IFRS/IAS compliant)

Page 15: Presentazione Londra ok 28 09 06.pps - Prima Industrie€¦ · Additional 150 employees in China in JV (not consolidated) PI.C.GB.06.09.03 3 E U R O P E PRIMA ELECTRONICS TORINO -

PI.C.GB.06.09.03 15

INCOME STATEMENT

SALES 66,677 46,370

EBITDA 7,348 2,861

AS A % OF SALES 11.0% 6,2%

EBIT 6,705 2,281

AS A % OF SALES 10.1% 4.9%

EBT 6,218 1,749

AS A % OF SALES 9.3% 3.8%

NET RESULT 4,493 777

June 30, 2006 June 30, 2005K€

VALUE OF PRODUCTION 68,490 50,311

AS A % OF SALES 6.7% 1.7%

Page 16: Presentazione Londra ok 28 09 06.pps - Prima Industrie€¦ · Additional 150 employees in China in JV (not consolidated) PI.C.GB.06.09.03 3 E U R O P E PRIMA ELECTRONICS TORINO -

PI.C.GB.06.09.03 16

BALANCE SHEET

NON-CURRENT ASSETS 18,028 17,378

NET EQUITY 33,412 30,839

CURRENT ASSETS 82,575 80,594

NET FINANCIAL POSITION 7,376 7,733

DEBT / EQUITY 0.22 0.25

NON-CURRENT LIABILITIES 5,038 4,965

CURRENT LIABILITIES 54,777 54,435

June 30, 2006 Dec. 31, 2005K€

Page 17: Presentazione Londra ok 28 09 06.pps - Prima Industrie€¦ · Additional 150 employees in China in JV (not consolidated) PI.C.GB.06.09.03 3 E U R O P E PRIMA ELECTRONICS TORINO -

PI.C.GB.06.09.03 17

Bookings per month

10,13611,172

15,450

13,281

16,315 15,864

-

4,000

8,000

12,000

16,000

20,000

Jan Feb Mar Apr May Jun

2004

2005

2006

Average ltm

ORDER ACQUISITION TREND

Cumulative order acquisition

10,136

21,308

36,757

50,038

66,353

82,217

-

20,000

40,000

60,000

80,000

100,000

Jan Feb Mar Apr May Jun

2004 2005 2006

Page 18: Presentazione Londra ok 28 09 06.pps - Prima Industrie€¦ · Additional 150 employees in China in JV (not consolidated) PI.C.GB.06.09.03 3 E U R O P E PRIMA ELECTRONICS TORINO -

PI.C.GB.06.09.03 18

SALES BREAKDOWN BY MARKET

June 30, 2005

Other5%Laser

sources1%

Sheet metal processing

55%

Aerospace & Energy

7%

Electronic compon.

20%

Automotive12%

June 30, 2006

Other9%

Laser sources

2%

Sheet metal processing

51%

Aerospace & Energy

12%

Electronic compon.

16%

Automotive10%

2006 – Consolidated Figures

Page 19: Presentazione Londra ok 28 09 06.pps - Prima Industrie€¦ · Additional 150 employees in China in JV (not consolidated) PI.C.GB.06.09.03 3 E U R O P E PRIMA ELECTRONICS TORINO -

PI.C.GB.06.09.03 19

2006 – Consolidated Figures

SALES BREAKDOWN BY GEOGRAPHIC AREA

June 30, 2005

Italy28%

U.S.A.17%

R.O.W.12%

Europe43%

June 30, 2006

Italy23%

U.S.A.22%

R.O.W.11%

Europe44%

Page 20: Presentazione Londra ok 28 09 06.pps - Prima Industrie€¦ · Additional 150 employees in China in JV (not consolidated) PI.C.GB.06.09.03 3 E U R O P E PRIMA ELECTRONICS TORINO -

PI.C.GB.06.09.03 20

Stock price trend

Prima Industrie Star

Page 21: Presentazione Londra ok 28 09 06.pps - Prima Industrie€¦ · Additional 150 employees in China in JV (not consolidated) PI.C.GB.06.09.03 3 E U R O P E PRIMA ELECTRONICS TORINO -

PI.C.GB.06.09.03 21

Shareholders’ structure & Board of Directors

BOARD OF DIRECTORS

CHAIRMAN & C.E.O. Gianfranco CARBONATO

BOARD MEMBERS Domenico PEIRETTI (1)

Sandro D’ISIDORO (2)

Fabrizio LUGARESI(3)

Mario MAURI (3)

Pio PELLEGRINI (3)

Marco PINCIROLI (1)

(1) = Executive Director(2) = Non Executive Director(3) = Independent Director

CAPITALIA AM2,3%

CARBONATO GIANFRANCO (& family)

4,7%

MANAGEMENT3,6%

PEIRETTI DOMENICO (& family)

4,8%

LESTRI HOLDING B.V.4,5%

HELIOSPRIVATE EQUITY S.A. &

PARTNERS9,0%

ERSTE INTERNATIONAL HOLDING S.A.

27,8%MARKET43,3%