Elica — Investor Presentation 2017

Mar 21, 2017

Milan

Elica Corporation

STAR Conference 2017

N#1 PLAYER WORLDWIDE IN HOODS 13% MARKET SHARE 2016 TURNOVER 439.3 € M 3,600 EMPLOYEES

19 Mln Cooking products + Motors

Cooking Net Sales: Own Brand 44% Client Brand 56%

2' & 3' Player produce respectively 30% & 60% less than Elica*

Cooking Revenues by Business Streams

FY '16

World Wide Player

ELICA CORPORATION INDUSTRIAL SITES: 8

Volume Data Cooker Hoods Market Scenario

• Replacement

	FY '16
Western Europe	3.0%
Eastern Europe (including CIS)	1.1%
Europe	2.3%
North America	4.8%
Latin America	(0.6)%
Americas	2.6%
Rest of the World	(0.1)%
World	1.0%

Consolidated Net Sales by Geography

Last 4Y Performance Development

*Calculated on EBIT Adjusted

Long Term Strategy

Renew the Organization

Key Drivers to Create Long Term Sustainable Value

Brand Portfolio

2016 Market Share % Growth YoY Volume Data

High Growing Categories

ASPIRATION HOB CEILING

DOWNDRAFT BUILT-IN HIGH-END

New Business Segment: NIKOLATESLA Aspiration Hob

Addressing Market Regulation Changes

Engage Cross Selling of Air Treatment & IoT

2016 Preliminary Financial Statements

Elica Sales 12M 2016

Sales Trend vs. 12M '15

• Cooking 5.7%
• Own Brands: increase 14.5%
• Client brands: decrease 0.2%
• Electric Motors decrease 5.0%, mainly due to heating segment trend

	12M '16
Americas	0.6%
Europe	3.9%
Rest of the World	9.7%
Total	4.2%

12M '16 Preliminary Consolidated Income Statement

€M	12M'16	12M'15	Δ%
Net Sales	439.3	421.6	4.2%
EBITDA Adj	32.4	35.3	(8.2)%
%	7.4%	8.4%	(1.0) p.p.
EBIT Adj	13.7	17.9	(23.6)%
%	3.1%	4.3%	(1.2) p.p.
EBIT	3.6	16.2	(78.0)%
%	0.8%	3.8%	(3.0) p.p.
Net Result Adj	3.2	9.4	(66.0)%
%	0.7%	2.2%	(1.5) p.p.
Net Result	(5.5)	7.4	(173.9)%
%	(1.3)%	1.8%	(3.1) p.p.
EPS* – Euro cents	(8.97)	9.98	(189.9)%

* EPS as at December 31 is calculated by dividing the Net Result pertaining to the Group by the number of ordinary shares outstanding, excluding treasury shares at the same data.

12M '16 Marginality Key Drivers

Change vs. 2015

€M

Net Working Capital as of December, 31

	12M '16 12M'13	12M '15 12M'13	Δ
Trade receivables	70.6	68.5	2.1
% on annualized sales	16.1%	16.2%	(0.1) p.p.
Inventories	67.7	62.7	5.0
% on annualized sales	15.4%	14.9%	0.5 p.p.
Trade payables	(114.8)	(99.5)	(15.4)
% on annualized sales	(26.1)%	(23.6)%	(2.5) p.p.
Managerial Working Capital	23.5	31.7	(8.3)
% on annualized sales	5.3%	7.5%	(2.2) p.p.
Short term assets & liabilities	(11.8)	(14.1)	2.3
% on annualized sales	(2.7)%	(3.3)%	0.6 p.p.
Net Working Capital	11.7	17.7	(6.0)
% on annualized sales	2.7%	4.2%	(1.5) p.p.

Consolidated Cash Flow as of December, 31 €M

	12M '16	12M '15
Operating Cash Flow	28.8	26.1
CapEx	(28.3)	(19.9)
Cash Flow from Financing Activities	(7.2)	(7.5)
FX impact on NFP	(1.0)	(0.3)
∆ Net Financial Position	(7.7)	(1.6)

Net Financial Position Evolution €M

Disclaimer

This presentation contains forwards-looking information and statements about Elica S.p.A and its Group. Forward-looking statements are statements that are not historical facts. These statements include financial projections and estimates and their underlying assumptions, statements regarding plans, objectives and expectations with respect to future operations, products and services, and statements regarding future performance.

Although the management of Elica S.p.A. believes that the expectations reflected in such forward-looking statements are reasonable, investors and holders of Elica are cautioned that forward-looking information and statements are subject to various risk and uncertainties, many of which are difficult to predict and generally beyond the control of Elica S.p.A.; that could cause actual results and developments to differ materially from those expressed in, or implied or projected by, the forward-looking statements.

These risks and uncertainties include, but are not limited to, those contained in this presentation. Except as required by applicable law, Elica S.p.A. does not undertake any obligation to update any forward-looking information or statements.