TIM KUNISKIS | HEAD OF MASERATI SAFE HARBOR STATEMENT
This document and the related presentation contain forward-looking statements. In particular, to compliance with environmental, health and safety regulations; the intense level of these forward-looking statements include statements regarding future financial performance competition in the automotive industry, which may increase due to consolidation; exposure to and the Company’s expectations as to the achievement of certain targeted metrics, including shortfalls in the funding of the Group’s defined benefit pension plans; the Group’s ability to net debt and net industrial debt, revenues, free cash flow, vehicle shipments, capital provide or arrange for access to adequate financing for the Group’s dealers and retail investments, research and development costs and other expenses at any future date or for customers and associated risks related to the establishment and operations of financial any future period are forward-looking statements. These statements may include terms such services companies including capital required to be deployed to financial services; the as “may”, “will”, “expect”, “could”, “should”, “intend”, “estimate”, “anticipate”, “believe”, Group’s ability to access funding to execute the Group’s business plan and improve the “remain”, “on track”, “design”, “target”, “objective”, “goal”, “forecast”, “projection”, “outlook”, Group’s business, financial condition and results of operations; a significant malfunction, “prospects”, “plan”, or similar terms. Forward-looking statements are not guarantees of future disruption or security breach compromising the Group’s information technology systems or performance. Rather, they are based on the Group’s current state of knowledge, future the electronic control systems contained in the Group’s vehicles; the Group’s ability to realize expectations and projections about future events and are by their nature, subject to inherent anticipated benefits from joint venture arrangements; the Group’s ability to successfully risks and uncertainties. They relate to events and depend on circumstances that may or may implement and execute strategic initiatives and transactions, including the Group’s plans to not occur or exist in the future and, as such, undue reliance should not be placed on them. separate certain businesses; disruptions arising from political, social and economic instability; Actual results may differ materially from those expressed in forward-looking statements as a risks associated with our relationships with employees, dealers and suppliers; increases in result of a variety of factors, including: the Group’s ability to launch new products successfully costs, disruptions of supply or shortages of raw materials; developments in labor and and to maintain vehicle shipment volumes; changes in the global financial markets, general industrial relations and developments in applicable labor laws; exchange rate fluctuations, economic environment and changes in demand for automotive products, which is subject to interest rate changes, credit risk and other market risks; political and civil unrest; earthquakes cyclicality; changes in local economic and political conditions, changes in trade policy and the or other disasters and other risks and uncertainties. imposition of global and regional tariffs or tariffs targeted to the automotive industry, the Any forward-looking statements contained in this document and the related presentations enactment of tax reforms or other changes in tax laws and regulations; the Group’s ability to speak only as of the date of this document and the Company disclaims any obligation to expand certain of the Group’s brands globally; the Group’s ability to offer innovative, update or revise publicly forward-looking statements. Further information concerning the attractive products; the Group’s ability to develop, manufacture and sell vehicles with Group and its businesses, including factors that could materially affect the Company’s advanced features including enhanced electrification and autonomous driving financial results, is included in the Company’s reports and filings with the U.S. Securities and characteristics, various types of claims, lawsuits, governmental investigations and other Exchange Commission, the AFM and CONSOB. contingent obligations affecting the Group, including product liability and warranty claims and environmental claims, investigations an lawsuits; material operating expenditures in relation 2 3 3 MASERATI MODELS • 1959 Maserati 3500 GT Spyder • 1971 Maserati Bora interior • 1971 Maserati Bora • 1969 Maserati Ghibli SS • 1953 Maserati A6GCS • 1963 Maserati Mistral Interior • 1968 Maserati Ghibli Spyder • 1953 Maserati A6GCS front grille • 1956 Maserati 350S • 1963 Maserati Quattroporte • 1959 Maserati 3500 GT Spyder Iniezione engine • 1957 Maserati 3500 GT interior
4 5 2012 UNITS SOLD 14% 6,000 GLOBALLY MARKET COVERAGE SPECIALTY 9% LARGE SEDAN 5%
Source: IHS 2018-03 Premium segments Excludes A / B / C Segments 6 2014 GHIBLI TOOK MASERATI TO NEW HEIGHTS 32% UNITS SOLD MARKET 30,000 GLOBALLY COVERAGE
SPECIALTY 9% LARGE SEDAN 5%
Source: IHS 2018-03 Premium segments Excludes A / B / C Segments 7 2017 LEVANTE CONTINUED THE GROWTH 46% MARKET COVERAGE UNITS SOLD 50,000 GLOBALLY
SPECIALTY 9% LARGE SEDAN 5%
Source: IHS 2018-03 Premium segments Excludes A / B / C Segments 8 WORLDWIDE GROWTH
TOTAL
50k 50k
TOTAL 40k +700% 33k 32k
12k 53% 6k 6k GLOBAL SALES
2011 2012 2013 2014 2015 2016 2017 2018
9 WORLDWIDE GROWTH
NAFTA +650% CHINA >1,000%
15K 15K 15K 13K 14K 12K 13K 12K 8K 7K 5K 2K 3K 3K 1K 1K
2011 2012 2013 2014 2015 2016 2017 2018 2011 2012 2013 2014 2015 2016 2017 2018
EU +450% ROW +550%
11K 11K 9K 9k 9k 6K 6K 5k 6k 6k 2K 1K 2K 1k 1k 2k
2011 2012 2013 2014 2015 2016 2017 2018 2011 2012 2013 2014 2015 2016 2017 2018
10 DEMOGRAPHICS
LEVANTE QUATTROPORTE GHIBLI GT/GC
CUSTOMER PROFILE
5-10 YEARS 53 35 51 57 35 54 55 32 49 53 53 YOUNGER
SEGMENT AVG. 53 39 56 60 39 65 59 36 60 56 60
€ RMB USD € RMB USD € RMB USD € USD 2X THE INCOME 216K 780K 590K 275K 732K 790K 227K 648K 460K 286K 725K
SEGMENT AVG. 119K 540K 265K 146K 588K 352K 102K 444K 245K 152K 359K
Sources: NVCS / NCBS 11 OUR APPROACH
STAYED ON COURSE
12 GROWING DEALER NETWORK
13 2014 TO 2022 GROWTH %
+75% GLOBAL NETWORK GROWTH NAFTA 185
153
115 106
GLOBAL POINTS OF SALE* 2014 2016 2018 2022 +62% 588 EU +26% 174 507 162 164 138 420 364
2014 2016 2018 2022
+150% CHINA 130
96 2014 2016 2018 2022
52 55
2014 2016 2018 2022
* Includes LATAM points of sale Count based on Point of Sales; 2018 based on FRC1 14 CAPITALIZE ON GROWTH
PREMIUM INDUSTRY GROWTH U V GROWTH PREMIUM ELECTRIFICATION
% GROWTH
+10%
4.2M +5% +19% 4.0M MAINSTREAM 3.9M UP TO 1/3 CARS +22% ELECTRIFIED
3.2M
PREMIUM
UVs
2017 2018 2019 2020 2021 2022 2010 2017 2022 2017 Mid-'20s
15 PREMIUM MAINSTREAM
PREMIUM SEGMENT GROWTH NAFTA +11% -7% 2,4M
2,2M 8,2M +19% 2017 2022 8,1M 7,9M vs. Mainstream +10% +5% +6% EU 2,3M 7,7M 7,6M
2,2M
7,3M 2017 2022
CHINA +19% +13% 2,4M 2017 2018 2019 2020 2021 2022
2,0M
2017 2022
Source: Source: IHS 2018-03 Premium segments Excludes A / B / C Segments 16
21.1% 12.8% PREMIUM 7.6% 9.7% MAINSTREAM GLOBAL PREMIUM UV GROWTH
GROWTH Forecast 2017–2022 4.2M +5% [VALUE]M 3.9M +22%
CARS [VALUE]M
MID-SIZE UV SEGMENT 2022 33% 2,1M 2017 1,6M
UVs
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Source: Source: IHS 2018-03 Premium segments Excludes A / B / C Segments 17
2011 2017 2022 22 Δ 17 Industry 5.0M 7.3M 8.2M +0.9 D-UV 0.6M 1.6M 2.1M +0.5 GROWTH OF HIGH - VOLTAGE ELECTRIFICATION
ENVIRONMENTAL BENEFITS
PERFORMANCE BENEFITS
GREATER RANGE
NEXT-GENERATION TECHNOLOGY UP TO 1/3 1/3 HIGH VOLTAGE ELECTRIFIED 5% BY MID 2020’S ELECTRIFIED ELECTRIFIED TODAY
2017 Mid-2020s
Source: IHS 2018-03 18 EVERY MASERATI WILL ALWAYS BE TRUE TO THE BRAND
PREMIUM MATERIALS CUSTOMIZATION
INCREDIBLE PERFORMANCE ITALIAN CRAFTSMANSHIP 19 MASERATI’S HALO
20 MASERATI OF EVs
FIRST LUXURY EV COUPE
MODULAR SPACEFRAME PHEV / e-AWD Maximum weight reduction (only +175 kg vs. ICE) COUPE / CABRIO E-AWD Top Speed: 300+ KM/H Full Active Torque Vectoring
ACTIVE AERODYNAMICS
A L U M I N U M 0-100 KM/H IN ~2-SECONDS SPACEFRAME
21 ALFIERI
22 MID - S I ZE UV
23 ALL- N E W M I D - S I Z E U V
D-UV Levante
EXPANSION OF MARKET COVERAGE TO 71% WITH MID-SIZE UV [CATEGORY NAME] Mid-Size UV 19% 26% Total Maserati Market 8.2M
Ghibli 2022 Maserati Coverage 71%
Full-Size Sedan Best-in-class lightweight platform 14%
50/50 weight distribution [CATEGORY NAME] 25% Large Sedan Superior Ride & Handling 3% [CATEGORY NAME] 6% Quattroporte Best-in-class power-to-weight ratio Full-Size Wagon 3% Alfieri Plug-in Hybrid Large UV 3%
SEGMENTS COVERED IN 2022 SEGMENTS COVERED IN 2018 Source: Source: IHS 2018-03 Premium segments Excludes A / B / C Segments 24 ALL- NEW QUATTROPORTE AND LEVANTE
D-UV Levante
EXPANSION OF MARKET COVERAGE TO 71% WITH MID-SIZE UV [CATEGORY NAME] Mid-Size UV 19% State-of-the-art modular platform 26% Total Maserati Market 8.2M Ghibli 50/50 weight balance 2022 Maserati Coverage 71%
Full-Size Sedan Dynamic Q4 AWD system 14%
Plug-in hybrid [CATEGORY NAME] 25% Large Sedan 3% [CATEGORY NAME] 6% Quattroporte Full-Size Wagon 3% Alfieri Large UV 3%
SEGMENTS COVERED IN 2022 SEGMENTS COVERED IN 2018 Source: Source: IHS 2018-03 Premium segments Excludes A / B / C Segments 25 ELECTRIFIED POWERTRAINS
ELIMINATION OF DIESELS
HYBRIDS • Improved performance • Reduced CO2
PERFORMANCE FOCUSED PLUG -IN HYBRIDS • Battery power is always available for performance or when full-electric range is needed for city center
BEV…?
26 MASERATI BLUE
ALFIERI CABRIO NEW QUATTROPORTE NEW LEVANTE ALFIERI
FULL BATTERY ELECTRIC MASERATI VEHICLES 3-Motor AWD with Torque Vectoring State-of-the-art 800V battery technology Over 50% more power Light weight Limited space intrusion Long range Quick charge times
27 28 29
PRODUCT PORTFOLIO
ELECTRIFICATION 2018 2022 AUTONOMY
43% MARKET COVERAGE 68% MARKET COVERAGE CONNECTIVITY GLOBAL
D New D-UV 6 New launches
• 8 PHEVs
• 4 BEVs E 100% electrified Levante Ghibli MCA New Levante Ghibli MCA
Every Maserati is all-new or redesigned F
PREMIUM SEGMENTS PREMIUM Quattroporte MCA New Quattroporte L3 autonomy
SPECIAL TY GranTurismo MCA GranCabrio MCA New Alfieri New Alfieri Cabrio
• An entirely new line-up • Target the largest and fastest-growing segments • Keep leveraging on halo product to reinforce Brand positioning
PHEV BEV Autonomy Connected 30 VISION BY 2022
100,000 UNITS
15% MARGIN
31