PEERS & MARKETS

August 27-31, 2012

€79.1

$11.7

¥1,899

€31.3 +25.8%

₩41,600 -8.1%

31/08/2012 €8.75 +34.5%

31/08/2012

31/08/2012

31/08/2012

31/08/2012

31/08/2012

31/08/2012

-3.0%

-2.4%

-1.2%

+64.4% -2.3%

€57.1 +24.9% -1.3%

+2.7% -13.9%

-4.4% +4.0%

Pirelli Investor Relations - 03.09.2012

Source: Reuters

FTSE Mib +0.1% +1.5%

Pirelli +34.5% -2.4%

2

Pirelli on the Stock Market YTD Weekly

Performance

Consensus Target Price: €10.4

Buy: 75%

% Sell: 3%

% Hold: 22%

Market Cap: €4,220.2 mln (of which ord. €4,157.9 mln)

PIRELLI & C. VS FTSE MIB - Trend from January, 1 to August, 31 2012

Sell side analysts evaluation on Pirelli & C (03/09/2012)

30

-Dec

4-J

an

9-J

an

1

4-J

an

19

-Ja

n

24

-Ja

n

29

-Ja

n

3-F

eb

8-F

eb

1

3-F

eb

18

-Fe

b

23

-Fe

b

28

-Fe

b

4-M

ar

9-M

ar

14

-Ma

r

19

-Ma

r

24

-Ma

r

29

-Ma

r

3-A

pr

8-A

pr

13

-Ap

r

18

-Ap

r

23

-Ap

r

28

-Ap

r

3-M

ay

8-M

ay

13

-Ma

y

18

-Ma

y

23

-Ma

y

28

-Ma

y

2-J

un

7-J

un

1

2-J

un

17

-Ju

n

22

-Ju

n

27

-Ju

n

2-J

ul

7-J

ul

12

-Ju

l

17

-Ju

l

22

-Ju

l

27

-Ju

l

1-A

ug

6-A

ug

1

1-A

ug

16

-Au

g

21

-Au

g

26

-Au

g

31

-Au

g

Pirelli Investor Relations - 03.09.2012

Source: Reuters

Markets

3

Pirelli Investor Relations - 03.09.2012

DJ STOXX AUTO & PARTS: -2.9%

EUROPE: WEEKLY TREND 27/08/2012 – 31/08/2012 TYRES & AUTO STOCKS vs DJ STOXX AUTO & PARTS

Source: Reuters

TYRE

Pirelli & C. vs Auto & Parts Sector

AUTO

Pirelli & C Continental Michelin Nokian Fiat Auto Fiat

Industrial Renault Peugeot Volkswagen BMW Daimler

4

+0.5 pp +0.7 pp +1.6 pp +1.7 pp +1.8 pp +0.7 pp +2.4 pp

-4.0 pp

+2.1 pp

-1.1 pp -1.9 pp

Pirelli Investor Relations - 03.09.2012

Pirelli vs FTSE Mib relative performance (YTD)

5

2011 FY Relative performance:

FTSE Mib (YTD): +0.1%

Performance from January 1 to August, 31 2012

-4.2pp

-57.7pp

-33.3pp

-27.6pp

+27.3pp

+9.3pp

-8.0pp

-23.2pp

-39.8pp

+11.1pp

+23.5pp

+10.3pp

-6.8pp

+5.2pp

+7.0pp

+16.8pp

-16.2pp

+22.5pp

+7.6pp

+30.8pp

+23.2pp

+14.4pp

+4.3pp

-34.1pp

+38.1pp

+18.1pp

+4.4pp

+19.8pp

+22.0pp

+23.3pp

-14.3pp

+22.3pp

+23.8pp

+25.3pp

+21.5pp

+32.7pp

+16.6pp

+0.5pp

+24.4pp

+19.9pp

-41

.8p

p

-35

.7p

p

-25

.6p

p

-25

.5p

p

-20

.1p

p

-16

.7p

p

-16

.4p

p

-15

.8p

p

-11

.1p

p

-11

.0p

p

-10

.2p

p

-5.3

pp

-3.5

pp

-3.1

pp

-2.6

pp

-1.9

pp

2.8

pp

3.5

pp

6.0

pp

6.1

pp

10

.0p

p

14

.8p

p

15

.8p

p

15

.9p

p

20

.0p

p

21

.2p

p

21

.7p

p

22

.0p

p

22

.1p

p

23

.4p

p

24

.8p

p

29

.9p

p

33

.6p

p

33

.9p

p

34

.2p

p

34

.4p

p

36

.2p

p

38

.6p

p

42

.6p

p

61

.3p

p

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Pirelli Investor Relations - 03.09.2012

CONSENSUS PEERS TYRE MARKET MULTIPLES AT 03/09/2012 Source: Pirelli IR analysis on Bloomberg data

Tyre Sector evaluation Multiples

6