Landi Renzo

Investor Presentation • Nov 13, 2015

9M15 FINANCIALRESULTS

9M15 PROFIT&LOSSHIGHLIGHTS

( ) l l Eu i io r m n
	9 M 2 0 1 5	%	9 M 2 0 1 4	%	h C a n g e s	%
( ) d d i R e e n e s g o o s a n s e r c e s v u v	1 4 5, 6		1 7 3, 9		-2 8, 3	-1 6, 3 %
b i d E t a	1, 9	1, 3 %	1 4, 1	8, 1 %	-1 2, 2	-8 6, 4 %
i i d i i d A t t t m o r a o n, e p r e c a o n a n z
l i i t m p a r m e n o s s e s	1 1, 5	7, 9 %	1 1, 2	6, 5 %	0, 3	2, 3 %
b i E t	-9 6 ,	% -6 6 ,	2, 9	% 1, 7	-1 2, 5	% -1 0 0, 0
f ( ) f i h N P L G t t t e r o o s s o e r o u p	-1 1, 3	% -7 8 ,	-0 2 ,	% -0 1 ,	-1 1, 1	% -1 0 0, 0

Revenues – decrease is mainly due to "System for Cars" which followed the dynamics of the After Market segment

EBITDA decreases mainly for revenues decrease and sales mix. Furthermore, extraordinary costs were sustained to merge production plants in order to optimize productionand get future savings.

REVENUES BREAKDOWN

( ) Mil lion f E s o uro
Ge hic al d ist rib ut ion f r og rap o ev en ue s	9 M 20 15	%	9 M 20 14	%	De lta	%
Ital y	28 6 ,	19 6% ,	30 8 ,	17 7% ,	2, 2 -	7, 1% -
Eu ( Ita ly ) rop a ex	62 5 ,	42 9% ,	80 3 ,	46 2% ,	17 8 - ,	22 2% - ,
Am eri ca	29 2 ,	20 0% ,	27 6 ,	15 9% ,	1, 5	5, 5%
f th As ia a nd orl d t o res e w	25 4 ,	17 4% ,	35 2 ,	20 2% ,	9, 8 -	27 9% - ,
To tal	14 5, 6	10 0, 0%	17 3, 9	10 0, 0%	28 3 - ,	16 3% - ,

( M illio f E ) n o uro
D ist ibu ion f r f a iv ity t ct r o ev en ue s p er ar ea o	9 M 20 15	%	9 M 20 14	%	De lta	%
Ga for tor ste s s ec - s y ms ca rs	11 6, 6	8 0, 1%	13 6, 4	78 4% ,	19 8 - ,	14 5 % - ,
Ga - d istr ibu ion tor t ste s s ec sy ms	15 2 ,	10 4% ,	21 8 ,	12 % 5 ,	-6, 6	3 0, 3 % -
G S s To ta l r A tor ev en ue s - ec	13 1, 8	9 0, 5 %	15 8, 2	9 1, 0 %	26 4 - ,	16, 7% -
Ot ( ( ), he Ala Au d io, Aq nic 1 ste tro r rm sy ms ua s , O Ga Ro bo ics il a nd nd he ) t ot s a r ,	13 8 ,	9, 5 %	15 7 ,	9, 0 %	1, 9 -	12 1% - ,
To l re ta ve nu es	14 5, 6	10 0, 0 %	17 3, 9	10 0, 0 %	28 3 - ,	16 3 % - ,

GEOGRAPHIC BREAKDOWN

Italy – turnover decrease is due mainly to the AM crisis.

Europe – revenues in this area decrease mainly for Russian market andother East Europe countries.

America – good trend of Northern America market.

Asia and rest of the world – the decrease is ^a consequence of negativetrend in Far East and other Areas. Iranianmarkets begins to show positive signs of recovery.

SECTOR BREAKDOWN

Systems for cars – the decrease is due to the AM segment.

Distribution systems – slowdown of revenues particularly in Russia forgeopolitical situation.

Other – the decrease in this segment isdue mainly to the Oil&Gas sector.

A new criterion for classification of revenues by segment was followed starting from the first half of 2014: this is in line with thelogic of the management approach. The current composition shows the LPG and CNG lines in the segment "systems for cars"and includes revenues from sales of compressors for fueling stations, made by the company Safe SpA in the sector "distribution system".

The segment "Other - (Alarms, Sound, Robotics, Oil&Gas and other)," compared to previous results, does not include the sale of compressors for fuelling stations, by virtue of the above mentioned reclassification.

3

WORKING CAPITAL

Working Capital – compared with December 2014, the increase is due to payment to suppliers.

NET DEBT

Net financial position – the increase is generated mainly by the working capital trend during ²⁰¹⁵ and for Capex for support Group business.

At September 2015 the Net Financial Position is composed mainly by long-term debts expiring over 2018.

LANDI RENZO COMPANY PROFILE

BOARD OF DIRECTORS

Stefano Landi – President & CEOGiovannina Domenichini – Honorary President Claudio Carnevale - Executive DirectorHerbert Paierl - DirectorAntonia Fiaccadori – DirectorAlessandro Ovi - Indip. DirectorTomaso Tommasi di Vignano – Indip. Director

INVESTOR RELATIONS

Investor Relations Contacts:

Pierpaolo MarzialiTel: +39 0522 9433 E-mail: ir@landi.itwww.landi.it

SHARE INFORMATION

N. of shares outstanding: 112.500.000

Price as of 11/11/15 € 0.78

Capitalization: € 87,75 mln

FTSE Italia STAR

STOCK VS MARKET

7

CONSOLIDATEDBALANCE SHEET

( ho ds f Eu ) t us an o ros
A S S E T S	/ / 5 3 0 0 9 2 0 1	/ / 3 1 1 2 2 0 1 4	/ / 3 0 0 9 2 0 1 4
No t a ts n- cu rre n ss e
Pro lan d e ip ty, t a t p er p n q me n u	3 4, 9 1 7	3 2 5, 7 7	3 4, 9 4 7
De lop d i t e tur ve me n xp en e	2 4 7, 5	1 0 1 7,	6, 3 6 7
Go dw i l l o	3 9, 9 4 2	3 9, 9 4 2	4 0, 1 9 0
O he in i b le i h f in i fu l l ive t tan ts t te r g as se w us e s	2 3, 3 8 4	2 4, 6 3 7	2 0 6 8 5,
Eq i inv l i da d u ing he i ho d ty tm ts te t ty t u es en co ns o s eq u me	1 8 6	1 8 0	3 3 0
O f t he t ina ia l a ts r n on -c ur ren nc ss e	7 9 2	7 7 3	5 3 8
De fe d tax ts rre as se	2 0, 0 4 7	1 7, 2 4 7	1 7, 2 0 1
To l n ta t a ts on -c ur re n ss e	1 2 6, 7 9 2	1 2 5, 1 5 7	1 2 4, 6 6 8
Cu t a ts rre n ss e
Tr de iva b les a re ce	3 3, 2 0 2	3 3, 0 6 9	4 2, 0 6 6
Tr de iva b les la d p ies te t a re ce re ar -	2, 4 0 8	1, 9 8 6	6 0 1
Inv ies tor en	6 1, 4 1 6	6 3, 2 6 9	0, 1 0 9 7
Co ks in tra t w n c or p rog res s	3, 7 4 4	2, 5 9 0	2, 2 1 4
O he iva b les d c t t a ts r r ec e an ur ren ss e	1 5, 6 0 9	1 5, 5 3 3	1 4, 9 7 3
Ca h a d c h e iva len ts s n as q u	2 9, 1 5 7	3 1, 8 2 0	3 1, 3 3 5
To l c ta t a ts ur re n ss e	1 4 5, 8 9 6	1 4 8, 2 6 7	1 6 1, 4 9 6
T O T A L A S S E T S	2 7 2, 6 8 8	2 7 3, 4 2 4	2 8 6, 1 6 4

CONSOLIDATED BALANCE SHEET

( ho ds f Eu ) t us an o ros
E Q U I T Y A N D L I A B I L I T I E S	/ / 5 3 0 0 9 2 0 1	/ / 3 1 1 2 2 0 1 4	/ / 3 0 0 9 2 0 1 4
Gr ha ho l de ' e i ty ou p s re rs q u
S ha i l ta re ca p	1 1, 2 5 0	1 1, 2 5 0	1 1, 2 5 0
O t he r r es erv es	9 6, 0 3 5	9 8, 0 1 8	9 7, 8 4 7
Pro f i ( los ) f he io d t t s o p er	-1 1, 1 5 1	1, 7 8 3 -	3 3 0 -
To l e i i bu b le he ha ho l de f he ta ty t tr ta to t t t q u a s re rs o p ar en	9 6, 1 3 4	1 0 4 8 5 7,	1 0 8, 6 7 7
M ino i in ty ter ts r es	5 7 5	5 9 1	6 3 7
T O T A L E Q U I T Y	9 6, 0 9 7	1 0 8, 0 6 7	1 0 9, 4 0 4
No l ia b i l i ies t t n- cu rre n
No ba k loa t n-c urr en n ns	3 4, 9 9 0	2 6, 1 7 1	2 8, 8 3 4
O he f ina ia l l ia b i l i ies t t t r n on -c urr en nc	3 4, 0 9 3	1, 1 8 7	6 6 1
Pro is ion fo is ks d c ha s r r an rg es v	3, 9 0 2	5, 0 5 5	5, 3 6 2
De f ine d be f i lan t p ne s	3, 3 8 5	3, 8 1 8	3, 7 0 6
De fe d l ia b i l i ies tax t rre	8, 1 2 7	8, 4 1 7	8, 3 5 7
ia i i ies To ta l n t l b l t on -c ur re n	8 4, 5 4 2	4 4, 6 3 9	4 7, 1 3 6
Cu l ia b i l i ies t t rre n
Ba k o dra f d s ho loa ts t- ter n ve r an r m ns	3 2, 2 6 6	1, 8 0 5 5	4 9, 1 8 6
O he f ina ia l l ia b i l i ies t t t r c urr en nc	2 6 8	1 3 7	3 1
Tr de b les a p ay a	4 5, 5 0 0	5 4, 6 3 2	6 3, 5 2 6
Tr de b les la d p ies te t a p ay a re ar -	1, 9 0 9	1, 3 0 4	1, 3 2 7
Ta l ia b i l i t ies x	1, 6 0 3	4, 4 9 2	2, 5 7 6
O he l ia b i l i ies t t t r c urr en	9, 8 9 1	8, 5 6 4	1 2, 9 7 8
To l c l ia b i l i ies ta t t ur re n	9 1, 4 3 7	1 2 0, 7 0 9	1 2 9, 6 2 4
T O T A L E Q U I T Y A N D L I A B I L I T I E S	2 2, 6 8 8 7	2 3, 4 2 4 7	2 8 6, 1 6 4

CONSOLIDATED PROFIT&LOSS

( ho ds f Eu ) t us an o ros
I N C O M E S T A T E M E N T	3 0 / 0 9 / 2 0 1 5	3 0 / 0 9 / 2 0 1 4
Re ( ds d s ice ) ve nu es g oo an erv s	1 4 5, 4 5 3	1 7 2, 8 2 4
Re ( ds d s ice )- la d p ies te t ve nu es g oo an erv s re ar	1 5 8	1, 1 1 0
O he d inc t r r ev en ue an om e	1, 4 4 3	1, 2 5 4
Co f r ia ls, b les d g ds d c ha in inv ies t o ter tor s aw ma co ns um a an oo an ng e en	7 0, 6 6 6 -	7 9, 7 2 4 -
Co fo f t ice d u h ir d p ts ty ts s r s erv s a n se o ar as se	-3 9, 1 8 5	4 5, 3 8 6 -
Co fo f t ice d u h ir d p la d p ies ts ty ts te t s r s erv s a n se o ar as se – r e ar	-2, 3 3 9	1, 8 7 0 -
Pe l ex rso nn e p en se s	-3 1, 2 3 2	3 1, 7 6 0 -
Ac ls, imp irm los d o he ing t t t cru a a en se s a n r o p era ex p en se s	-1, 7 1 8	2, 3 2 3 -
Gr Op ing Pr f it t os s er a o	1, 9 1 4	1 4, 1 2 5
Am iza ion de ia ion d imp irm los t t t t or p rec an a en se s ,	-1 1, 0 9 5	1 1, 2 4 5 -
f Ne t Op t ing Pr it er a o	-9, 5 9 5	2, 8 8 0
F ina ia l inc nc om e	3 1 4	3 3 9
F ina ia l ex nc p en se s	-3, 4 3 7	3, 1 2 7 -
Ga ins ( los ) ha te se s on ex c ng e r a	-5 2 5	1, 0 1 5
Ga ( ) ins los ity inv l i da d u ing he ity ho d tm ts te t t se s on eq u es en co ns o s eq u me	2 1 0 -	1 1 1 -
Pr f it ( Lo ) be fo ta o ss re x	-1 3, 4 5 3	9 5 1
Cu d de fe d nt tax rre an rre es	2, 1 5 7	1, 1 7 2 -
Pr f it ( los ) f t he io d fo he Gr d m ino ity int inc lu d ing r t ts o s o p er ou p an r er es : ,	1 1, 2 9 6 -	2 2 1 -
M ino ity int ts r ere s	-1 4 5	1 0 9
Pro f it ( Lo ) f t he io d fo he Gr r t ss o p er ou p	-1 1, 1 5 1	3 3 0 -
Ba ic ing ( los ) ha ( lcu la d o 1 1 2, 0 0, 0 0 0 s ha ) te 5 s ea rn s s p er s re ca n res	0. 0 9 9 1 -	0. 0 0 2 9 -
( ) D i lu d e ing los ha te arn s s p er s re	-0. 0 9 9 1	0. 0 0 2 9 -

DISCLAIMER

This presentation has been prepared by Landi Renzo S.p.A. for information purposes only and for use in presentations of the Group's results and strategies.

For further details on the Landi Renzo Group, reference should be made to publicly available information, including the Quarterly Reports and the Annual Reports.

Statements contained in this presentation, particularly the ones regarding any LandiRenzo possible or assumed future performance, are or may be forward looking statements and in this respect they involve some risks and uncertainties.

Any reference to past performance of the Landi Renzo shall not be taken as an indication of future performance.

This document does not constitute an offer or invitation to purchase or subscribe for any shares, for any other financial instruments and no part of it shall form the basis of or be relied upon in connection with any contract or commitment whatsoever.

By attending the presentation you agree to be bound by the foregoing terms.