Fare clic per modificare gli stili del testo dello schema Secondo livello Terzo livello Quarto livello Quinto livello.

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1 2008 Q1 results

2 2008 Q1 - Highlights [change vs 2007 Q1] y-1 exchange rate Sales: 756 M (+0.6%) Operating income: 46 M (+1.2%) Operating margin: 6.1% Vs 6.1% Net Financial Indebtedness: 498 M Vs 542 M 1

3 2008 Q1 Operating profitability key drivers Negative Exchange rate Sourcing cost Positive Price / Mix Manufacturing cost Products quality Advertising cost 2

4 2008 Q1 Exchange rates impact y-1 exchange rate Quarto Impact livello on sales: M Impact on EBIT: M Sales growth at constant currencies: + 4.4% EBIT growth at constant currencies: % 3

5 2008 Q1 - Sales [ M] Fare clic per modificare gli stili del testo dello 08 schema Q1 07 Q1 Quinto Volume growth: livello + 2.1% -Cooking -Refrigeration change -1.8% +5.9% Market share Greater EU: +0.1% Over performing markets: France, Romania, Turkey, Russia -Washing Total appliances % % Under performing markets: Spain, Germany Non appliances % Net sales % 4

6 2008 Q1 Operating Income [ M] Price/Mix: +1.9% Operating 08 Q Q (at constant currencies) income 6.0% 5.8% (excl. non recur. items) change 3.5% Over performing markets: Italy, France, Russia Non recurring items % % % Under performing markets: UK Operating income (incl. non recur. items) % % 1.2% 5

7 Market Trend [Change vs Jan-Feb 07] Jan Feb 08 Retail Retail Demand Price Western Europe -0.8% +1.5% Eastern Europe * +12.8% -1.6% CIS +8.9% +4.3% Total +1.9% +1.2% * Excluding Turkey 6

8 2008 Q1 Consolidated Income Statement [ M] 08 Q1 07 Q1 change Quarto Net livello Sales * 0.6% EBITDA % Margin 10.2% 10.9% EBIT % Margin 6.1% 6.1% PBT % Margin 4.7% 5.3% * Restated Net Group Income % Margin 2.9% 3.1% 7

9 2008 Q1 Consolidated Balance Sheet as of March 31 [ M] '08 '07 '08 Quarto Non current livello Net Financial 1,147 1, Quinto operating livello assets Indebtedness Trade receivables Inventories Trade payables (784) (809) Group equity Minorities ' Net Working Capital % on 12M rolling sales Other assets liabilities % (286) % (321) Total Shareholders equity Net Invested Capital 1,053 1,109 Total Sources 1,053 1,109 8

10 2008 Q1 Consolidated Cash Flow [ M] Quinto Operating livello Cash Flow 08 Q1 (150) 07 Q1 (99) Net CapEx Cash Flow before financial activities Financial operations & others Free Cash Flow (16) (166) (0) (166) (18) (117) (2) (119) 9

11 Net Financial Indebtedness as of March [ M] Short-term indebtedness** Cash, bank deposits and marketable Long-term securities* 210 indebtedness (401) (306) Total Financial Liabilities (708) NET FINANCIAL INDEBTEDNESS : 498 M * Of which 41 M under cash collateral ** Incl L/T debt maturing within 12m 10

12 2008 Q1 Sourcing cost change [% on tot. sourcing cost] 08 Q1 vs 07 Q1 +7.1% Plastic Steel +2.7% Others -0.6% Net variance +0.7% Sourcing plan confirmed 11

13 2008 Q1 Product cost change [% on cost of goods sold] 08 Q1 vs 07 Q1-1.3% Manufacturing Sourcing +0.6% Net variance -0.7% Manufacturing plan confirmed 12

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17 DOORS 2 nd Half

18 Disclaimer be linked to the oral comments made during presentation to analysts. This presentation contains forward-looking statements regarding future results of Indesit Company SpA based on intents, beliefs or current expectations. Any of these statements made by or on behalf of Indesit Company SpA speak only as of the date they are made. Information provided herein have to The forward-looking statements contain no guarantees of future performance and involve risks and uncertainties that could significantly affect expected results and actual results may materially differ from those projected or implied in the forward-looking statements as a result of various factors. Consequently, analysts and investors are warned not to place undue reliance on those statements. No obligation is undertaken by Indesit Company SpA to update said statements in order to reflect any expectations with regard thereto or any changes in events, conditions or circumstances on which any such statement is based. This presentation does not constitute an offer, or invitation to purchase or subscribe any securities and no part of it shall form the basis of or be relied upon in connection with any commitment whatsoever. The manager charged with preparing the company s financial reports, Andrea Crenna, confirms, pursuant to paragraph 2 of art. 154-bis of the Consolidated Finance Law, that the accounting information included in this press release agrees with the underlying documentation, records and accounting entries.