The first quarter of 2013

07/05/2013

The Board of Directors today approved intermediate results for the three months ended 31 March 2013

PIRELLI & C. SPA BOARD APPROVES RESULTS FOR 3 MONTHS ENDED 31 MARCH 2013

PIRELLI & C. SPA

• REVENUES: 1,536.3 MILLION EURO (-1.3% COMPARED WITH 1,556.5 MILLION EURO ON 31

MARCH 2012) – REVENUES GREW 3.6% NET OF EXCHANGE RATE EFFECT

• TOTAL VOLUMES +3.9%, WITH PREMIUM +4% AND INDUSTRIAL BUSINESS +11.7%

• EBIT 179.8 MILLION EURO (-15.5% COMPARED WITH 212.7 MILLION EURO ON 31 MARCH

2012), WITH AN EBIT MARGIN OF 11.7% (13.7% ON 31 MARCH 2012)

• NET PROFIT 72.1 MILLION EURO (-41.7% COMPARED WITH 123.6 MILLION ON 31 MARCH

2012)

• NET FINANCIAL POSITION NEGATIVE 1,680.2 MILLION EURO

(1,205.2 MILLION EURO ON 31 DECEMBER 2012)

TYRE ACTIVITIES

• REVENUES 1,526.7 MILLION EURO (-1% COMPARED WITH 1,542.6 ON 31 MARCH 2012) -

UP 3.9% NET OF EXCHANGE RATE EFFECT

• EBIT 185.6 MILLION EURO (-15.1% COMPARED WITH 218.5 MILLION EURO ON 31 MARCH

2012) WITH AN EBIT MARGIN OF 12.2% (14.2% ON 31 MARCH 2012)

• CONSUMER BUSINESS EBIT MARGIN 12.2% (16.1% ON 31 MARCH 2012)

• INDUSTRIAL BUSINESS EBIT MARGIN 12.1% (8.5% ON 31 MARCH 2012)

2013 TARGETS CONFIRMED

TOTAL EXPECTED REVENUES BETWEEN 6.3 BILLION EURO AND 6.4 BILLION EURO

CONSOLIDATED EBIT BETWEEN 810 MILLION EURO AND 850 MILLION EURO, WITH MARGIN IN LINE

WITH OR SLIGHTLY HIGHER THAN 2012

INVESTMENT APPROXIMATELY 400 MILION EURO

CASH GENERATION BEFORE DIVIDENDS POSITIVE AND ABOVE 200 MILLION EURO, EQUAL TO ABOUT 3% OF SALES

NET FINANCIAL POSITION BELOW 1.2 BILLION EURO BEFORE RECLASSIFICATION
OF PRELIOS CREDIT

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