Third Quarter 2015 BMV: RASSINI. October 27,

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1 Third Quarter 2015 October 27, 2015 BMV: RASSINI

2 Third Quarter 2015 Highlights Net revenue increased 7.3% year-over-year to $9,724 million Mexican pesos. EBITDA grew 38.0% to $1,677 million Mexican pesos. Net income before taxes and minority interest increased 32.0% yearover-year to $935 million Mexican pesos. Net Debt/annualized EBITDA ratio as of 3 rd Q 15 was 0.9x. EBITDA/Net Interest Expense ratio as of 3 rd Q 15 was 8.4x. Link to 20 sec. video about the reception of the Masters of Quality Award from DTNA: 2

3 Operationaland IndustryUpdate

4 Annual average US Light Vehicle SAAR Industry Snapshot Million units NAFTA Light Vehicle Market Condition 3% 3% 3% Sep Country USA CAN MEX NAFTA Passenger Cars Light Trucks % rdQ14 3rdQ15 Source: September 15 Light Vehicle Production SAAR reached 18.1 million units during September 2015 Production in North America is expected to reach 17.5 million units in 2015 according to the experts from IHS September inventories closed at a level of 59 days supply, five days down a year ago and close to the industry ideal of 60 days supply. 4

5 Consolidated Financial Highlights MxP/USD Sep'14 Sep'15 End Average

6 ConsolidatedSales and EBITDA Million Pesos Sales EBITDA 9,353 9,392 10,362 11,900 CAGR 09-'14 Sales 17% EBITDA 26% 9,059 9,724 7,621 1,568 1,058 1,178 1,203 1,343 1,215 1, J-S'14 J-S'15 6

7 YTD Sales and EBITDA by Region Sales Million Pesos J-S'14 J-S'15 Actual dist. Sales NAFTA 88% Brazil 12% Consolidated 100% 9,059 7% 9,724 7,119 8,591 (42%) 21% 1,940 1,133 Consolidated Rassini Nafta Brazil EBITDA Actual dist. EBITDA NAFTA 98% Brazil 2% Consolidated 100% 1,677 1,645 1,215 1,039 (79%) 38% 58% Consolidated Rassini Nafta Brazil 7

8 Sales by Product and Region Jan-Sep Jan-Sep 2014 % 2015 % Leaf Springs (1) 3, , Coil Springs , ConsolidatedSales Breakdown Million Pesos NAFTA Subtotal 4, , Brakes (1) 2, , TOTAL 7, , Leaf Springs (1) 1, BRAZIL Coil Springs TOTAL 1, , CONSOLIDATED SALES 9, , (1) Includes elimination of intercompany transactions 8

9 Consolidated Income Statement Million Pesos Consolidated Jan-Sep Jan-Sep % Var Income Statement /14 Net Sales 9, , Cost of sales 7, ,429.0 (2) Gross Profit 1, , % of sales SG&A (13) EBITDA 1, , % of sales Depreciation (52) Interest & other financial charges (15) Other expenses (126) Income before Taxes & Minority Int Other non-recurring income (259.3) Taxes & Deferred Taxes Minority Interest (1.1) (60.4) Net Income

10 ConsolidatedCash Cash Flow Million Pesos Consolidated Jan-Sep Jan-Sep % Var Cash Flow /14 EBITDA 1, , Working Capital and Taxes (66.2) (320.2) Net operating cash flow 1, , Interest expense (116.7) (172.3) Cash flow after int. expense 1, , Capex (258.4) (340.6) Cash flow available for debt service Financing & Debt Amortization (388.2) (322.6) Dividens paid - (250.0) Other (243.4) (267.2) Beginning cash balance Ending cash balance

11 Consolidated Debt MillionUS dollars As of End of September 2015 Short Term Current Portion LTD Long Term Total Suspension Division NA Brakes Division Suspension Division Brazil Cash balance Sep 15 = US$50 mill. Net Debt Sep 15 = US$126 mill. TOTAL Long Term Debt Amortization Profile US$ Million Suspensions Division NA Note: Debt profile does not include working capital financings and Brazil * 2015 shows only the remaining last quarter. Brakes Division 11

12 FinancialRatios by Region (Times) Net debt / EBITDA Sep'14 Sep'15 18% (238%) Consolidated Rassini Nafta Brazil EBITDA / Net interest 77% 53% 22.8 (81%) Consolidated Rassini Nafta Brazil 12

13 Appendix BMV: RASSINI

14 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, with more than 85 years on the automotive industry. 14

15 Our Products 13 % Leaf Springs Brakes Coil Springs 31 % 56 % 15

16 Our Presence Flint, MI, USA Plymouth, MI, USA Montpelier, OH, USA Coahuila, Mexico NORTH AMERICA Coahuila, Mexico Leaf Springs and Coil Springs 88% 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 12% 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 16

17 Thank you Francisco Freyre Juan Pablo Sánchez Assistant VP Inv. Rel. and Finance CFO BMV: RASSINI

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