First Quarter 2016 BMV: RASSINI. April 22,

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1 First Quarter 2016 April 22, 2016 BMV: RASSINI

2 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% yearover-year to $499 million pesos. Net income increased 106.2% year-over-year to $502 million pesos. Net Debt/annualized EBITDA ratio as of 1 st Q 16 was 0.5x. EBITDA/Net Interest Expense ratio as of 1 st Q 16 was 10.5x. Consolidated 1 st 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 $ % 2

3 Industry Update

4 May 08 May 08 Mar 16 May 08 Macroeconomics March 2016 Dec 14 Mar 16 Apr 16 Housing Starts 1.2e Millions of houses Unemployment 5.0% 5.4% 5.0% Exceeding a million homes for twelve consecutive months The lowest since May Fuel Cost 2.1 US$ / Gallon Sources: Reuters, Bureau of Labor Statistics and Gas Buddy. 4

5 Annual average US Light Vehicle SAAR Mar Industry Snapshot Million units Expected Light Vehicle Production % 1% 0% Country USA CAN MEX NAFTA 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 Actual IHS Forecast / Mar'16 NAFTA Light Vehicle Production Passenger Cars Light Trucks % stQ15 1stQ16 Source: March SAAR reached 16.5 million units during March 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. 5

6 Consolidated Financial Highlights MxP/USD Mar'15 Mar'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% 14,000 12,000 10,000 1,568 8,000 1,500 1,178 1,203 1,343 6,000 1,000 3,207 3,809 4, , J-M'15 J-M'16-7

8 YTD Sales and EBITDA by Region Sales Million Pesos J-M'15 J-M'16 3,207 3,809 2,745 3,481 Actual dist. Sales NAFTA 91% Brazil 9% Consolidated 100% (29%) 19% 27% Consolidated Rassini Nafta Brazil EBITDA Actual dist. EBITDA NAFTA 99% Brazil 1% Consolidated 100% (81%) 45% 52% 21 4 Consolidated Rassini Nafta Brazil * EBITDA before Fees and Royalties 8

9 Consolidated Sales Breakdown Million Pesos Sales by Product and Region Jan-Mar Jan-Mar 2015 % 2016 % Leaf Springs (1) 1, , Coil Springs NAFTA Subtotal 1, , Trailers Brazil 1% Aftermarket 2% Sales distribution by customer Other 8% European OEMs 3% Brakes (1) , Asian OEMs 12% US OEMs 75% TOTAL 2, , Leaf Springs (1) BRAZIL Coil Springs TOTAL OEM: Original Equipment Manufacturer CONSOLIDATED SALES 3, , (1) Includes elimination of intercompany transactions 9

10 Consolidated Income Statement Million Pesos Consolidated Jan-Mar Jan-Mar % Var Income Statement /15 Net Sales 3, , Cost of sales 2, ,757.9 (11) Gross Profit , % of sales SG&A (46) EBITDA % of sales Depreciation (35) Interest & other financial charges (19) Other expenses Income before Taxes & Minority Int Other non-recurring income - (67.0) 100 Taxes & Deferred Taxes (5) Minority Interest (19.5) (13.8) 29 Net Income

11 Consolidated Cash Flow Million Pesos Consolidated Jan-Mar Jan-Mar % Var Cash Flow /15 EBITDA Working Capital and Taxes (272.8) (450.7) Net operating cash flow Interest expense (60.9) (65.6) Cash flow after int. expense Capex (114.2) (157.6) Cash flow available for debt service Financing & Debt Amortization (82.2) (109.5) Other (46.7) (40.3) Beginning cash balance ,223.0 Ending cash balance ,

12 Consolidated Debt Million US dollars As of End of March 2016 Short Term Current Portion LTD Long Term Total Suspension Division NA Brakes Division Suspension Division Brazil Cash balance Mar 16 = US$68 mill. Net Debt Mar 16 = US$81 mill. TOTAL Long Term Debt Amortization Profile US$ Million Suspensions Division NA Brakes Division Note: Debt profile does not include working capital financings and Brazil 12

13 Financial Ratios by Region (Times) Net debt / EBITDA Mar'15 Mar' % 56% Consolidated Rassini Nafta Brazil EBITDA / Net interest 26% % (82%) 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 12 % 29 % Leaf Springs Brakes Coil Springs 59 %

17 Our Presence Flint, MI, USA Plymouth, MI, USA Montpelier, OH, USA Coahuila, Mexico NORTH AMERICA Coahuila, Mexico Leaf Springs and Coil Springs 91% NORTH AMERICA Ohio, U.S.A Coil Springs Michigan, U.S.A. Sales, engineering, research and development Flint, U.S.A. Brakes Queretaro, Mexico Ecatepec, Mexico Puebla, Mexico Xalostoc, Mexico Leaf Springs Queretaro, Mexico Elastomers and Bushing assemblies San Martin Texmelucan, Puebla Brakes Mexico City Headquarters 9% Rio de Janeiro, Brazil Mexico City SOUTH AMERICA Sao Paulo, Brazil Leaf Springs and Coil Springs Rio de Janeiro, Brazil Leaf Springs Sao Paulo, Brazil 17

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

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