Third Quarter 2016 BMV: RASSINI. October 20,

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1 Third Quarter 2016 October 20, 2016 BMV: RASSINI

2 Nine-month figures 3Q 2016 Highlights Net revenue increased 23.3% year-over-year to $11,987 million pesos. EBITDA grew 41.3% year-over-year to $2,369 million pesos. Net income increased 58.7% year-over-year to $1,230 million pesos. Net Debt/annualized EBITDA ratio as of 3 rd Q 16 was 0.5x. EBITDA/Net Interest Expense ratio as of 3 rd Q 16 was 9.8x. Consolidated Nine Month Results (January 1-September 30) 2015 (mill. Pesos) 2016 (mill. Pesos) % Change Sales $11,987 $9,724 23% Gross Profit $3,227 $2,295 41% EBITDA $2,369 $1,677 41% Net Income before taxes $1,466 $935 57% and minority interest Net Income $1,230 $775 59% 2

3 Industry Update

4 May 08 May 08 Sep 16 May 08 Macroeconomics September 2016 Dec 14 Sep 16 Sep 16 Housing Starts 1.0 Millions of houses Unemployment 5.0% 5.4% 5.0% Exceeding a million homes for fifteen consecutive months 4.1 Fuel Cost 2.2 US$ / Gallon Sources: Reuters, Bureau of Labor Statistics and Gas Buddy. 4

5 US Light Vehicle SAAR Annual average Sep Industry Snapshot Million units Expected Light Vehicle Production % 1% 1% Country USA CAN MEX NAFTA Actual 10 IHS Forecast / Sep'16 8 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 A M J J A S NAFTA Light Vehicle Production Passenger Cars Light Trucks 3% SAAR reached 17.8 million units during September 2016, beating analyst s estimates. Production in North America is expected to reach 17.9 million units in 2016 according to the experts from IHS. September inventories closed at a level of 64 days supply Q15 3Q16 Source: September 16 5

6 Consolidated Financial Highlights MxP/USD Sep'15 Sep'16 End Average

7 Consolidated Sales and EBITDA Million Pesos 3,000 2,500 2,000 Sales EBITDA 10,362 9,353 9,392 11,900 12,897 2,141 CAGR 11-'15 Sales 8% EBITDA 16% 9,724 11,987 2,369 14,000 12,000 10,000 1,500 1,178 1,203 1,343 1,568 1,677 8,000 6,000 1,000 4, , Jan-Sep '15 Jan-Sep '16 7

8 YTD Sales and EBITDA by Region Sales Jan-Sep '15 Jan-Sep '16 Million Pesos 9,724 11,987 8,591 11,020 Actual dist. Sales NAFTA 92% Brazil 8% Consolidated 100% (15%) 23% 28% 1, % EBITDA 42% Actual dist. EBITDA NAFTA 99% Brazil 1% Consolidated 100% 2,369 2,337 1,677 1,645 (8%) Consolidated Rassini Nafta Brazil * EBITDA before Fees and Royalties 8

9 Sales by Product and Region Jan-Sep Jan-Sep 2015 % 2016 % Leaf Springs (1) 4, , Coil Springs 1, , Consolidated Sales Breakdown Million Pesos Aftermarket 2% Other 5% Trailers Brazil 1% Sales distribution by customer NAFTA Suspensions 5, , Brakes (1) 3, , European OEMs 4% Asian OEMs 13% US OEMs 75% TOTAL NAFTA 8, , Leaf Springs (1) BRAZIL Coil Springs TOTAL BRAZIL 1, OEM: Original Equipment Manufacturer CONSOLIDATED SALES 9, , (1) Includes elimination of intercompany transactions. 9

10 Consolidated Income Statement Million Pesos Consolidated Jan-Sep Jan-Sep % Var Income Statement /15 Net Sales 9, , Cost of sales 7, ,760.3 (18) Gross Profit 2, , % of sales SG&A (39) EBITDA 1, , % of sales Depreciation (31) Interest & other financial charges (23) Other expenses Income before Taxes & Minority Int , Other non-recurring income - (134.9) 100 Taxes & Deferred Taxes (97) Minority Interest (60.4) (64.7) (7) Net Income ,

11 Consolidated Cash Flow Million Pesos Consolidated Jan-Sep Jan-Sep % Var Cash Flow /15 EBITDA 1, , Working Capital and Taxes (320.2) (723.1) Net operating cash flow 1, , Interest expense (172.3) (206.9) Cash flow after int. expense 1, , Capex (340.6) (602.9) Cash flow available for debt service (1) Financing & Debt Amortization (322.6) (194.0) Dividends paid (250.0) (480.0) Other (267.2) (210.9) Beginning cash balance ,223.0 Ending cash balance ,

12 Consolidated Debt Million US dollars As of End of September 2016 Short Term Current Portion LTD Long Term Total Suspension Division NA Brakes Division Suspension Division Brazil Cash balance Sep 16 = US$60 mill. Net Debt Sep 16 = US$86 mill. TOTAL Long Term Debt Amortization Profile US$ Million Suspensions Division NA Note: Debt profile does not include working capital financings and Brazil Brakes Division 12

13 Financial Ratios by Region (Times) Net debt / EBITDA Sep'15 Sep'16 (37%) % % EBITDA / Net interest 21% % (33%) Consolidated Rassini Nafta Brazil * * EBITDA before Fees and Royalties 13

14 Appendix BMV: RASSINI

15 What defines Rassini World s largest producer of suspension components for light commercial vehicles. Largest fully integrated brake disc producer in the Americas. 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. 15

16 Our Products 11 % 31 % Leaf Springs Brakes Coil Springs 58 %

17 Mexico Leaf Springs and Coil Springs Piedras Negras, Coahuila Leaf Springs Xalostoc, Estado de Mexico USA Coil Springs Montpelier, Ohio Sales, Engineering, Research and Development Plymouth, Michigan Brakes Flint, Michigan Engineering Office Stuttgart, Germany Engineering Office Tokyo, Japan Elastomers and Bushing Assemblies San Juan del Rio, Queretaro Brakes San Martin, Puebla Headquarters Mexico City Brazil Leaf Springs and Coil Spring São Bernardo do Campo, São Paulo Leaf Springs Nova Iguacu, Rio de Janeiro

18 Juan Pablo Sánchez Francisco Freyre Emma Bocanegra CFO Assistant VP Inv. Rel. and Finance Financial Planning Manager and Inv. Rel. BMV: RASSINI

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