CSL Group

THE GROUP STRUCTURECSL SpA

Exhaust Systems Steel parts

After-MarketSteel body parts

Steel and Plastic components for automotive and

other applications

OUR VALUES

ETHIC CODEBoard of Directors May 30, 2003

CODE of CONDUCT

Board of Directors March 24, 2015

CSL Supplier Code of Conduct

2015

Code of Basic Working Conditions

2015

Building Value Through Sustainable Practices

2003

-

2015

• INTEGRITY• EXCELLENCE• INNOVATION• SAFETY• ENVIRONMENT• CORPORATE

GOVERNANCE• COMMUNITIES• DIVERSITY

« Our commitment is to conduct businesses with integrity, fairness and excellence, simultaneously balancing economic

success with sustainability , producing longstanding value to our shareholders, customers and all other stakeholders »

CSL Group Chairman - Giovanni Germano

THE CSL GROUP AT A GLANCE

1970

43Nel Financial

Position = Cash

21Real estate properties

60

Millions €

Millions €

Thousands of sq.m.

The CSL Group is among european leaders insome of the segments it operates (After-marketsteel body parts) or has a very good marketpositioning in other sectors (Steel and Plastic partsfor trucks, motorbike exhaust systems).

The CSL Group has a great product/market andcustomer base diversification.

The CSL Group benefits from a extraordinaryfinancial soundness in order to be able to supportnew customer’s projects.

With our values, as a company, we are fullycommitted quality and customer satisfaction.

We are focused on providing innovativesolutions.

Our lean stuctures and highly motivatedteams, ready to rapidly adapt to change, aredesigned to deliver superior flexibility.

In business since

Sales (2014)

CSL GROUP - TURNOVER

CSL GROUP – FINANCIAL HIGHLIGHTSAmounts in Euro/1.000Year 2012 2013 2014

Turnover 49.791 49.289 43.438 YoY change % -4,4% -1,0% -11,9%

EBITDA 2.407 3.574 2.946 EBITDA Margin % 4,8% 7,3% 6,8%

EBT 2.005 2.161 1.374 Ebt Margin % 4,0% 4,4% 3,2%

Net Result 1.285 1.201 1.136 Net Result % 2,6% 2,4% 2,6%

Financial Net Position - Net Cash 21.589 20.725 20.702

Shareholder's Equity 33.382 33.630 33.747

Tangible Investments 568 1.630 567

Total Assets 65.077 66.616 66.616

N. of employees 334 330 322 ROE 3,8% 3,6% 3,4%

ROI 5,7% 7,2% 9,9%CSL Group Balance-Sheets are audited and certified by PriceWaterhouseCoopers since 1995

CSL GROUP – Plants & OfficesOwned Land & Buildings Rented Land & Buildings

Company Location Land sq.m Facilities sq.m Company Location Type Area sq.m

CSL LA LOGGIA - TURIN 11.541 5.345 CSL LA LOGGIA - TURIN Warehouse 1.000

RHIBO BAGNASCO - CUNEO 76.920 9.298 CSL LA LOGGIA - TURIN Factory 3.000

RHIBO CEVA - CUNEO 34.393 18.273

RHIBO GARESSIO - CUNEO 22.024 8.866

TMM PONTEDERA - PISA 35.443 17.683

VIPERTEK CENTO - FERRARA 1.878 1.192

TOTAL 182.199 60.657 TOTAL 4.000

CSL S.p.A. - Products, markets, customers MOLDING AND ASSEMBLING PARTS AND STEEL

SUBGROUPS PRODUCTION OF MATRICES AND EQUIPMENT FOR

STEEL AND PLASTIC PARTS MOLDING AND ASSEMBLING PLASTIC PARTS ROLL FORMING

OEM (TIER 1) AUTOMOTIVE COMPONENTS

TIER 2 AUTOMOTIVE COMPONENTS AIR CONDITIONING SYSTEM

COMPONENTS OTHER SECTOR COMPONENTS

MAIN CUSTOMERS

RHIBO - Products, markets, customers

STEEL SPARE PARTS PRODUCTION (HOODS, FENDERS, FRONT CROSS BARS etc.)

CAR REPLACEMENT BODY PARTS TRADING

MAIN WHOLESALE DISTRIBUTORS OF REPLACEMENT BODY PARTS

EUROPEAN LEADER OF STEEL REPLACEMENT BODY SPARE PARTS

66 COUNTRIES IN THE WORLD –700 CUSTOMERS

MAIN CUSTOMERS

T.M.M. S.r.l. - Products, markets, customers

SUPPLIER OF MOTORCYCLE EXHAUST SYSTEMS SUPPLIER OF SNOWMOBILE’S MUFFLERS SUPPLIER OF STEEL PARTS

MAJOR COMPETITOR IN THE PRODUCTION OF MOTORBIKE EXHAUST SYSTEMS (OEM)

TECHNOLOGIC PARTNER FOR CUSTOMERS

MAIN CUSTOMERS

STEEL PARTS

EXTERNAL STELLS OF BODY

LINE OF PRODUCTION

PAINTINGCATAPHORESYS

TURIN

CEVA

INTERIOR BODY STEEL PARTS

PRODUCTION

PRODUCTION

TURIN

GARESSIO

PRODUCTION

TURIN

PONTEDERA

SUBGROUP COMPLEXES OF BODY PARTS

ELEVATORS PARTS

PRODUCTION

TURIN

PONTEDERA

PEDALS

PRODUCTION

TURIN

PONTEDERA

PROFILES FOR BODY AND BANKS FOR LIGHT TRANSPORT VEHICLES

PRODUCTION TURIN

EXHAUST PIPES AND SILENCER FOR MOTORBIKE AND LIGHT TRANSPORT VEHICLES

PRODUCTION

PONTEDERA

FINALE EMILIA

PLASTIC PARTS

MARKETING CATALOG ARTICHLES

MARKETING PRODUCTSwww.panduit.com/Products/ProductOverviews/index.htm?

WHEEL TRIMS FOR CARS AND VTL

PRODUCTION TURIN

EXTRUDED PLASTIC COMPONENTS

PRODUCTION

TURIN

CZECH REPUBLIC

GRIP AND LIFTER HANDLES

PRODUCTION

TURIN

PONTEDERA

PLASTIC AND STEEL FIXINGS

PRODUCTION

TURIN

PONTEDERA

VARIOUS PLASTIC COMPONENTS

PRODUCTION TURIN

CAD SYSTEM AVAILABLE :CSL Group

Engineering Solution for the Automotive Industries Feasibility Solution to ensure the manufacturability

- Pro/ENGINEER

- CATIA5

- UNIGRAPHICS - NX 5 - NX 7

- VERO