First Quarter 2016

BMV: RASSINI

www.rassini.com

April 22, 2016

First Quarter 2016 Highlights

• Net revenue increased 18.8% year-over-year to $3,809 million pesos.

• EBITDA grew 45.2% year-over-year to $779 million pesos.

• Net income before taxes and minority interest increased 67.5% year-over-year to $499 million pesos.

• Net income increased 106.2% year-over-year to $502 million pesos.

• Net Debt/annualized EBITDA ratio as of 1st Q’16 was 0.5x.

• EBITDA/Net Interest Expense ratio as of 1st Q’16 was 10.5x.

2

Consolidated 1st Q, 2016

(mill. Pesos) 1

st Q, 2015

(mill. Pesos) %

Change

Sales $3,809 $3,207 19%

Gross Profit $1,051 $724 45%

EBITDA $779 $537 45%

Net Income before taxes and

minority interest

$499

$298

68%

Net Income $502 $244 106%

Industry Update

4

Macroeconomics March 2016

Ma

y 0

8

Ma

r 1

6

Housing

Starts

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

Exceeding a million homes for

twelve consecutive months

1.2e Millions of houses

5.4%

Unemployment 5.0%

The lowest since May 2008

Ma

y 0

8

Ma

r 1

6

5.0%

Fuel Cost 2.1 US$ / Gallon 4.1

2.5 2.1

Ma

y 0

8

De

c 1

4

Ap

r 1

6

16.46

14.4 15.5 16.4 17.3

8

10

12

14

16

18

20

22

J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M

2012 2013 2014 2015 2016

7.0 7.0 6.9

1.8 1.7

9.2 10.0 10.6

2.5 2.8

16.217.0 17.5

4.3 4.5

2013 2014 2015 1stQ15 1stQ16

Passenger Cars Light Trucks

15.3

16.2

17.017.5

18.2 18.4 18.5

2012 2013 2014 2015 2016 2017 2018

Actual

IHS Forecast / Mar'16

US Light Vehicle SAAR

5

Annual average

5%

Industry Snapshot Million units

Expected Light Vehicle Production

4% 1% 0%

Source: IHS @ March’16

SAAR reached 16.5 million units during March 2016.

Production in North America is expected to reach 18.2 million units in 2016 according to the experts from IHS.

March inventories closed at a level of 65 days’ supply.

NAFTA Light Vehicle Production

Mar

Country 2015 2016 2017 2018

USA 11.8 12.3 12.0 11.8

CAN 2.3 2.4 2.3 2.1

MEX 3.4 3.5 4.2 4.6

NAFTA 17.5 18.2 18.4 18.5

Consolidated Financial Highlights

MxP/USD Mar'15 Mar'16

End 15.15 17.40

Average 14.93 18.01

9,353 9,392

10,362

11,900

12,897

3,207 3,809

1,178 1,203 1,343

1,568

2,141

537 779

-

500

1,000

1,500

2,000

2,500

3,000

11 12 13 14 15 J-M'15 J-M'16

-

2,000

4,000

6,000

8,000

10,000

12,000

14,000

Sales EBITDA

7

Consolidated Sales and EBITDA Million Pesos

CAGR 11-'15

Sales 8%

EBITDA 16%

3,2072,745

462

3,8093,481

328

Consolidated Rassini Nafta Brazil

J-M'15 J-M'16

19%

27%

(29%)

537 517

21

779 785

4

Consolidated Rassini Nafta Brazil

45% 52%

(81%)

8

EBITDA

Sales

YTD Sales and EBITDA by Region Million Pesos

* EBITDA before Fees and Royalties

Actual dist. Sales

NAFTA 91%

Brazil 9%

Consolidated 100%

Actual dist. EBITDA

NAFTA 99%

Brazil 1%

Consolidated 100%

Sales by Product and Region

9

Consolidated Sales Breakdown Million Pesos

US OEMs75%

Asian OEMs12%

European OEMs3%

Aftermarket2%

Trailers Brazil1%

Other8%

Sales distribution by customer

OEM: Original Equipment Manufacturer

Jan-Mar Jan-Mar

2015 % 2016 %

Leaf Springs (1) 1,416 45 1,972 52

Coil Springs 330 10 400 10

NAFTA Subtotal 1,746 55 2,372 62

Brakes (1) 999 31 1,109 29

TOTAL 2,745 86 3,481 91

Leaf Springs (1) 395 12 283 8

BRAZIL Coil Springs 67 2 45 1

TOTAL 462 14 328 9

CONSOLIDATED SALES 3,207 100 3,809 100

(1) Includes elimination of intercompany transactions

10

Consolidated Income Statement Million Pesos

Consolidated Jan-Mar Jan-Mar % Var

Income Statement 2015 2016 16/15

Net Sales 3,207.3 3,809.2 19

Cost of sales 2,483.5 2,757.9 (11)

Gross Profit 723.8 1,051.3 45

% of sales 23 28

SG&A 186.8 271.8 (46)

EBITDA 537.0 779.5 45

% of sales 17 20

Depreciation 129.2 174.0 (35)

Interest & other financial charges 64.2 76.3 (19)

Other expenses 45.8 30.3 34

Income before Taxes & Minority Int. 297.8 498.9 68

Other non-recurring income - (67.0) 100

Taxes & Deferred Taxes 73.7 77.4 (5)

Minority Interest (19.5) (13.8) 29

Net Income 243.6 502.3 106

11

Consolidated Cash Flow Million Pesos

Consolidated Jan-Mar Jan-Mar % Var

Cash Flow 2015 2016 16/15

EBITDA 537.0 779.5 45

Working Capital and Taxes (272.8) (450.7)

Net operating cash flow 264.2 328.8 24

Interest expense (60.9) (65.6)

Cash flow after int. expense 203.3 263.2 29

Capex (114.2) (157.6)

Cash flow available for debt service 89.1 105.6 19

Financing & Debt Amortization (82.2) (109.5)

Other (46.7) (40.3)

Beginning cash balance 845.2 1,223.0

Ending cash balance 805.4 1,178.8 46

Short

Term

Current

Portion

LTD

Long

Term Total

Suspension Division NA 8.1 25.0 68.8 101.9

Brakes Division 10.0 9.4 14.7 34.1

Suspension Division Brazil 8.8 - 3.5 12.3

TOTAL 26.9 34.4 87.0 148.3

12

As of End of March 2016

Cash balance Mar’16 = US$68 mill. Net Debt Mar’16 = US$81 mill.

Consolidated Debt Million US dollars

25.5

34.8 32.625.0

-

2016 2017 2018 2019 2020

Long Term Debt Amortization ProfileUS$ Million

Suspensions Division NA Brakes Division

Note: Debt profile does not include working capital financings and Brazil

1.0 1.2

1.90.5 0.5

15.0

Consolidated Rassini Nafta Brazil

Mar'15 Mar'16

50% 56%

8.7

12.8

1.1

10.5

16.1

0.2

Consolidated Rassini Nafta Brazil *

21%

26%

(82%)21%

26%

(82%)

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…

World’s largest producer of suspension components for light commercial vehicles.

Largest fully integrated brake disc producer in the Americas.

15

Absolute Leader in technology and market share designing and producing suspension components and high performance brake rotors.

Within the Top 100 North American suppliers by Automotive News.

Our Products

59% 29

%

12%

Leaf Springs

Brakes

Coil Springs

Puebla, Mexico

Flint, MI, USA Plymouth, MI, USA

Montpelier, OH, USA

Coahuila, Mexico Ecatepec, Mexico

Queretaro, Mexico

Sao Paulo, Brazil

Rio de Janeiro, Brazil

Our Presence

17

SOUTH AMERICA Sao Paulo, Brazil Leaf Springs and Coil Springs Rio de Janeiro, Brazil Leaf Springs

NORTH AMERICA Coahuila, Mexico Leaf Springs and Coil Springs

Xalostoc, Mexico Leaf Springs Queretaro, Mexico Elastomers and Bushing assemblies San Martin Texmelucan, Puebla Brakes Mexico City Headquarters

NORTH AMERICA Ohio, U.S.A Coil Springs Michigan, U.S.A. Sales, engineering, research and development Flint, U.S.A. Brakes

Mexico City

91%

9%

Francisco Freyre Juan Pablo Sánchez Emma Bocanegra

Thank you

Assistant VP Inv. Rel. and Finance

CFO

Financial Planning Manager

and Inv. Rel.

ffreyre@rassini.com

jsanchez@rassini.com

ebocanegra@rassini.com

BMV: RASSINI

www.rassini.com