COMPANY PROFILE 2005 COMPANY PROFILE Milano, 2-3 / 3/ 2005 PRIMA - PowerPoint PPT Presentation

COMPANY PROFILE 2005 COMPANY PROFILE Milano, 2-3 / 3/ 2005

PRIMA Group at a glance Global player in laser systems for industrial applications: • 3rd player in Europe 3rd player in Europe • 6th player Worldwide World leader in multi-axis systems for automotive & aerospace: • Estimated 45% market share in Europe • Estimated 30% market share in North America Over 2,000 laser systems installed in over 40 countries Over 1,000 customers in automotive, aerospace and in a wide range of other sectors range of other sectors Consolidated sales over 110 M€, with 73% export to 40 countries 6 Manufacturing facilities in Italy (2), USA (2) and China (2) PI.C.GB.06.09.03 2

Group Structure E U R O P E E U R O P E AMERICA A S I A PRI MA I NDUSTRI E PRI MA I NDUSTRI E TORINO - I taly BEIJING OFFICE BEIJING - China 1 0 0 % 1 0 0 % 5 0 % PRI MA ELECTRONI CS 6 0 % * PRI MA TORINO - I taly y NORTH AMERI CA NORTH AMERI CA SMTCL PRI MA SMTCL-PRI MA SPRINGFIELD (MA) - USA SHENYANG - China PRI MA RESEARCH CENTRE BARI 2 7 ,5 % CONVERGENT LASERS DI VI SI ON DI VI SI ON PRI MA FRANCE C (MA) PARIS UNI TY PRI MA PRI MA GMBH PRI MA LASER TOOLS SHANGHAI - China FRANKFURT FRANKFURT DI VI SI ON DI VI SI ON (MA) 5 0 % PRI MA I NDUSTRI E UK BIRMINGHAM LASERDYNE SYSTEMS PRI MA ESPAÑA PRI MA ESPAÑA DI VI SI ON DI VI SI ON BARCELONA SNK-PRI MA (MN) OSAKA - Japan PRI MA SCANDI NAVI A GÖTEBORG GÖTEBORG PI.C.GB.06.09.03 3

Prima Group today HI GH TECH LEADER I N LASER SYSTEMS FOR HI GH POW ER I NDUSTRI AL APPLI CATI ONS 2 D 3 D Laser Laser Laser cutting laser cutting drilling w elding CNC & CNC & CP laser softw are Cutting Autom ation generator head OVER 2 5 YEARS OF EXPERI ENCE AND FULLY I NTEGRATED OVER 2 5 YEARS OF EXPERI ENCE AND FULLY I NTEGRATED KNOW -HOW PI.C.GB.06.09.03 4

Mission Wide range of industries served: PI.C.GB.06.09.03 5

Mission Wide range of industries served: HEATI NG AGRI CULTURE CONSTRUCTI ON I NDUSTRI AL VENDI NG AND LI FTS MACHI NES MACHI NES MACHI NES MACHI NES CONDI TI ONI NG ELECTROMECHANI CAL FOOD & TEXTI LE PORTABLE CASH TABLEW ARE CHEMI CALS CHEMI CALS MACHI NERY TOOLS COMPONENTS DI SPENSERS TRUCKS TRAI NS METAL SHELVES W HI TE GOODS BI KES MOTORCARS AND AND & FURNI TURE TRAI LERS W AGONS SHI PS OI L OI L LAND BASED LAND BASED AI RCRAFT AI RCRAFT LI GHTI NG LI GHTI NG AND AND AI RCRAFTS PLANTS TURBI NES ENGI NES I NDUSTRY BOATS … we are ready for new challenges. PI.C.GB.06.09.03 6

aerospace aerospace Selected Customers autom otive othe s others

PRIMA Main Laser Solutions High dynamics and productivity in a compact 2D cutting machine

PRIMA Main Laser Solutions The 2D machine with 3D performance for the highest flexibility on the market

PRIMA Main Laser Solutions High quality and productivity in a workhorse machine for cutting and High quality and productivity in a workhorse machine for cutting and welding

PRIMA Main Laser Solutions The largest working volume with all the unique capabilities of PRIMA 3D machines

PRIMA Main Laser Solutions

PRIMA Main Laser Solutions

PRIMA Main Laser Solutions ULTRA FAST ULTRA FAST Acceleration > 6g in real cutting conditions ----------------------------------------------- ULTRA RELIABLE AND ACCURATE ACCURATE Innovative active vibration-free system Constant beam path throughout the work area (1500x3000 mm) ----------------------------------------------- ULTRA LIGHT AND EFFICIENT Extreme lightness of moving masses requiring 3 times lower power than th b the benchmark machines h k hi

Laser systems market LASER SYSTEMS SECTOR GROW TH vs PRI MA I NDUSTRI E GROUP GROW TH Laser Macro Processing System s CAGR 05-10 STRONG GROW TH STRONG GROW TH + 1 0 ,7 % (Billion €) + 1 0 ,7 % CAGR 95-05 Optech DRI VERS AS + 1 1 ,6 % + 1 1 ,6 % estim ates 6 5,5 Nov. 2 0 0 5 COMPARED TO 5 5 TRADI TI ONAL 4 3,3 3,3 3,1 2,9 2,8 3 TECHNOLOGI ES 2 1 1 1,1 1 0 • PRODUCT QUALI TY 1995 2001 2002 2003 2004 2005 2010 Source: Optech Consulting, November 2005 - Macro Processing systems Source: Optech Consulting, November 2005 Macro Processing systems • PROCESS FLEXI BI LI TY Prim a I ndustrie consolidated sales • COST EFFI CI ENCY CAGR 95-05 CAGR 95 05 + 1 7 ,0 5 % + 1 7 ,0 5 % • TI ME TO MARKET 112 111 1 20 101 97 95 90 REDUCTI ON 1 00 (Million €) (Million €) 80 60 46 60 39 33 • ENERGY/ FUEL SAVI NGS 23 40 20 0 0 1 995 1 996 1 997 1 998 1 999 2000 2001 2002 2003 2004 2005 * * * = sales are calculated in compliance with IAS/ IFRS PI.C.GB.06.09.03 15

Group Facilities I TALY I TALY USA USA USA USA CHI NA CHI NA CHI NA CHI NA Shanghai, China COLLEGNO ( TO) , I TALY ( ) , CO 2 2 D laser system l Chicopee, MA ( USA) CO 2 2 D and 3 D laser for cutting and CO 2 and Nd: YAG lasers. system s for cutting and Scribing. w elding. Cham plin, MN ( USA) Shenyang, China Moncalieri ( To) , I taly Nd: YAG and CO 2 2 D and CO 2 2 D laser system y CNC servodrives and CNC, servodrives and 3 D laser system s for 3 D laser system s for 2 for cutting custom electronic drilling, cutting and products. w elding. PI.C.GB.06.09.03 16

Worldwide Network Europe Europe W orld W orld Headquarters q Direct presence ( subsidiaries, branch offices, JVs) Distributors and Agents PI.C.GB.06.09.03 17

Effective after-sales customer service • Highly trained and skilled technicians Hi hl t i d d kill d t h i i assure real proxim ity to the custom er and quick response • 2 4 -hour hotline service • TELEPRI MACH: rem ote diagnostics • Delivery of consum ables and spare parts for regular m aintenance assured in 8 to 2 4 hours in 8 to 2 4 hours • e-com m erce for consum ables and spare parts PI.C.GB.06.09.03 18

Strong commitment in R&D and product innovation • 8 0 Engineers in R&D. • R&D centers in: • I taly ( Torino and Bari) I t l ( T i d B i) • USA ( Chicopee – MA) R&D expenses to P/L 9000 9,0% 8000 8,0% 7000 7,0% 6000 6,0% % on sales 5000 5,0% k€ 4000 4,0% % 3000 3,0% 2000 2,0% 1000 1,0% 0 0 0 0% 0,0% 1997 1998 1999 2000 2001 2002 2003 2004 2005 PI.C.GB.06.09.03 19

PNA 2000-2005 financial overview SALES SALES SALES SALES 50.000 50.000 40.000 40.000 40 000 40 000 Sales ( K$) Sales ( K$) 30.000 30.000 Sales Sales Trend Trend 20.000 20.000 S S 10.000 10.000 0 0 2000 2000 2000 2000 2001 2001 2001 2001 2002 2002 2002 2002 2003 2003 2003 2003 2004 2004 2004 2004 2005 2005 2005 2005 Source: PNA reporting prepared in accordance w ith US Gaap. Am ounts in K$ Source: PNA reporting prepared in accordance w ith US Gaap. Am ounts in K$ EBI T AND NET I NCOME EBI T AND NET I NCOME 4.000 4.000 sult ( K$) sult ( K$) 2.000 2.000 0 0 0 0 and Net res and Net res EBIT EBIT (2.000) (2.000) Net Income Net Income EBIT trend EBIT trend (4.000) (4.000) EBI T a EBI T a (6.000) (6.000) (8.000) (8.000) 2000 2000 2000 2000 2001 2001 2001 2001 2002 2002 2002 2002 2003 2003 2003 2003 2004 2004 2004 2004 2005 2005 2005 2005 Source: PNA reporting prepared in accordance w ith US Gaap. Am ounts in K$ Source: PNA reporting prepared in accordance w ith US Gaap. Am ounts in K$ PI.C.GB.06.09.03 20

CONSOLI DATED FI GURES AS AT DECEMBER 3 1 DECEMBER 3 1 , 2 0 0 5 2 0 0 5 ( I FRS/ I AS com pliant)

2005 – Consolidated Figures INCOME STATEMENT (*) INCOME STATEMENT ( ) K€ Dec. 3 1 , 2 0 0 5 Dec.3 1 , 2 0 0 4 SALES 1 1 0 ,8 8 5 9 7 ,1 0 6 Value of production 1 1 5 ,8 5 1 1 0 2 ,7 7 3 EBI TDA 9 ,1 2 4 6 ,2 0 5 as a % of sales % f l 8 2 % 8 .2 % 6 4 % 6 .4 % EBI T 7 ,9 1 6 4 ,9 9 1 as a % of sales 7 .1 % 5 .1 % EBT EBT 7 1 1 3 7 ,1 1 3 3 4 3 1 3 ,4 3 1 as a % of sales 6 .4 % 3 .5 % NET RESULT 5 ,1 0 8 1 ,0 4 3 as a % of sales as a % of sales 4 6 % 4 .6 % 1 1 % 1 .1 % (*) Data are prepared / restated in accordance with IAS/IFRS

2005 – Consolidated Figures BALANCE SHEET K€ Dec. 3 1 , 2 0 0 5 Dec.3 1 , 2 0 0 4 NON-CURRENT ASSETS 1 0 ,4 3 1 9 ,5 2 3 CURRENT ASSETS CURRENT ASSETS 8 7 ,5 4 1 8 7 ,5 4 1 8 3 ,4 3 5 8 3 ,4 3 5 NET FI NANCI AL POSI TI ON 7 ,7 3 3 1 5 ,4 1 9 NET EQUI TY 3 0 ,8 3 9 2 5 ,6 8 0 NON-CURRENT LI ABI LI TI ES 4 ,9 6 5 7 ,1 2 7 CURRENT LI ABI LI TI ES 5 4 ,4 3 5 4 4 ,7 3 2 DEBT / EQUI TY DEBT / EQUI TY 0 2 5 0 .2 5 0 6 0 0 .6 0 (*) Data are prepared / restated in accordance with IAS/IFRS

2005 – Consolidated Figures SALES BREAKDOWN BY MARKET Dec. 31, 2004 Dec.31, 2005 Sheet m etal Sheet m etal Other Other processing processing Electronic Electronic 4% 4% 50% 49% com pon. com pon. 12% 12% Aerospace Aerospace Aerospace & Energy & Energy 8% Autom otive 13% 22% Autom otive 26%

2005 – Consolidated Figures SALES BREAKDOWN BY GEOGRAPHIC AREA Dec 31 2005 Dec.31, 2005 Dec 31 2004 Dec.31, 2004 R.O.W. R.O.W. 16% U.S.A. 13% I taly I taly U.S.A. 19% 27% 27% 21% Europe Europe 41% 36%

26 Stock price trend PI.C.GB.06.09.03