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Dealspeak, with Mergermarket/Dealreporter ECM, Focuses on Trends Surrounding the Landmark Pirelli Listing Dealspeak 29 September 2017
An Acuris Company This week Dealspeak, with Mergermarket/Dealreporter ECM, focuses on trends surrounding the landmark Pirelli listing Dealspeak 29 September 2017 European sector variation by number of IPOs YTD +17 +6 +13 +3 +5 +24 Pharma, Industrials & Technology Real Estate Energy, Mining Med. and Chemicals Other Biotech & Utilities Mergermarket.com Mergermarket Dealspeak 29 - Sep - 2017 2 Upcoming automotive/luxury IPOs Details Company Expected Listing Stock Exchange Estimated Implied Peer Group Key Financials Underwriters Major Shareholders Date Equity Value* Jaguar Land TBC TBC GBP 10bn - GBP BMW (main), Ferrari, 2017 Revenue: over GBP 20bn. TTM EBITDA to TBC Tata Motors Rover 14bn Daimler 31-Dec-15: GBP 3.87bn, Net debt: GBP 104m (Int) Volvo Cars Q4 2017 NASDAQ EUR 5.6bn BMW 9m 2016 Revenue: EUR 12.9bn, EBIT: EUR 732m; Potentially Zhejiang Geely Holding, AMF, First Stockholm or/ Equity: EUR 4.3bn. 2015 Revenue: EUR 17.6bn (Int) Nordea Swedish National Pension Fund, Magneti End of 2017 TBC EUR 4bn - EUR Annual Revenue: EUR 7.9bn; EBITDA margin of 5% TBC Fiat Chrysler Automobiles Marelli 5bn (Int) Valentino Delayed to H1 2018. Italian Stock EV of EUR 3.2bn Prada, Hermes and 2016 Revenue: EUR 1.11bn, EBITDA: EUR 206m. TBC Mayhoola For Investments IPO or potential sale Exchange (based on EBITDA Salvatore Ferragamo 2015 Revenue: EUR 986m, EBITDA: EUR 183m (Int) to strategic investor. of EUR 206m). (main), LVMH Aston Martin 2018. IPO or London Stock GBP 1.95bn Ferrari (main), LVMH, TTM Revenue as of H1-17: GBP 791m; EBITDA: GBP TBC Investindustrial (37%), Investment Dar, Lagonda potential sale to Exchange Kering, BMW 174.6m; Net debt: GBP 419m (FS) Adeem Investment, Daimler (5%) strategic investor Groupe SMCP End of 2017 Euronext Paris EUR 1.23bn - EUR Moncler (main), Burberry, 1H-17 Revenue: EUR 439m, EBITDA: EUR 73m. -
Get to Know Guide
Review this Quick Reference Guide for an overview of some important features in your Chevrolet Corvette. More detailed information can be found in your Owner Manual. Some optional equipment✦ described in this guide may not be included in your vehicle. For easy reference, keep this guide with your Owner Manual in your glove box. ✦ denotes optional equipment www.chevrolet.com INSTRUMENT PANEL Turn Signal Lever/ Driver Head-Up Display Exterior Lamps Control/ Windshield Information Controls✦ Cruise Control Wipers Lever Center Controls Power Fuel Door Release Bluetooth Tilt Steering Telescopic Audio Steering Start/Stop Folding Top Button/Hatch-Trunk Controls✦ Wheel Steering Wheel Wheel Button Button✦ Release Button Lever Button✦ Controls Symbols Fog Lamps Check Engine Antilock Brake System Warning Lights On Low Tire Pressure Safety Belt Reminder Security Brake System Warning 1 to 4 Shift Airbag Readiness (manual Active Handling/ transmission) Traction Control Off 2 Hazard Warning Audio System/ Automatic Climate Flashers Button Navigation System✦ Controls Active Driver’s Passenger’s Handling Heated Seat Heated Seat System Button Control✦ Control✦ Note: Refer to your Owner Manual to learn about the information being relayed by the lights and gauges of the instrument cluster, as well as what to do to ensure safety and prevent damage to your vehicle. See Instruments and Controls in your Owner Manual. 3 KEYLESS ACCESS SYSTEM The Keyless Access System enables operation of the doors, ignition and hatch/trunk without removing the transmitter from a pocket or purse. The system will recognize the transmitter when it is within 3 feet of the vehicle. Entering the Vehicle • With the transmitter within range of the vehicle, press the pad (A) at the rear edge of each door to unlock and open the door. -
Prospectus for the Listing of $1.5 Billion 4.500% Senior Notes
Prospectus dated August 14, 2015 FIAT CHRYSLER AUTOMOBILES N.V. (a public limited liability company incorporated under the laws of the Netherlands No. 60372958) $1,500,000,000 4.500% SENIOR NOTES DUE 2020 $1,500,000,000 5.250% SENIOR NOTES DUE 2023 _________________________________________________________________ On April 14, 2015, Fiat Chrysler Automobiles N.V. (the “Issuer”), a public limited liability company (naamloze vennootschap) incorporated and operating under the laws of the Netherlands, issued its $1,500,000,000 4.500% Senior Notes due 2020 (the “Initial 2020 Notes”) and its $1,500,000,000 5.250% Senior Notes due 2023 (the “Initial 2023 Notes” and collectively, the “Initial Notes”). The Initial Notes have not been registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), or any state securities laws. The Initial Notes may not be offered or sold to U.S. persons, except to persons reasonably believed to be qualified institutional buyers in reliance on the exemption from registration provided by Rule 144A under the Securities Act and to certain persons in offshore transactions in reliance on Regulation S under the Securities Act. You are hereby notified that sellers of the Notes may be relying on the exemption from the provisions of Section 5 of the Securities Act provided by Rule 144A. For a description of certain restrictions on transfers of the Notes see “Transfer Restrictions” in the Original Prospectus (as such term is defined below). On July 28, 2015 the Issuer issued $1,460,345,000 aggregate principal amount of its 4.500% Senior Notes due 2020 registered under the Securities Act (the “2020 Notes”) and $1,467,939,000 aggregate principal amount of its 5.250% Senior Notes due 2023 registered under the Securities Act (the “2023 Notes” and together with the 2020 Notes, the “New Notes”). -
MICHELIN® X® TWEEL® TURF™ the Airless Radial Tire™ & Wheel Assembly
MICHELIN® X® TWEEL® TURF™ The Airless Radial Tire™ & wheel assembly. Designed for use on zero turn radius mowers. ✓ NO MAINTENANCE ✓ NO COMPROMISE ✓ NO DOWNTIME MICHELIN® X® TWEEL® TURF™ No Maintenance – MICHELIN® X® TWEEL® TURF™ is one single unit, replacing the current tire/wheel/valve assembly. Once they are bolted on, there is no air pressure to maintain, and the common problem of unseated beads is completely eliminated. No Compromise – MICHELIN X TWEEL TURF has a consistent hub height which ensures the mower deck produces an even cut, while the full-width poly-resin spokes provide excellent lateral stability for outstanding side hill performance. The unique design of the spokes helps dampen the ride for enhanced operator comfort, even when navigating over curbs and other bumps. High performance compounds and an effi cient contact patch offer a long wear life that is two to three times that of a pneumatic tire at equal tread depth. No Downtime – MICHELIN X TWEEL TURF performs like a pneumatic tire, but without the risk and costly downtime associated with fl at tires and unseated beads. Zero degree belts and proprietary design provide great lateral stiffness, while resisting damage Multi-directional and absorbing impacts. tread pattern is optimized to provide excellent side hill stability and prevent turf High strength, damage. poly-resin spokes carry the load and absorb impacts, while damping the ride and providing a unique energy transfer that Michelin’s reduces “bounce.” proprietary Comp10 Cable™ forms a semi-rigid “shear beam”, Heavy gauge and allows the steel with 4 bolt load to hang hub pattern fi ts from the top. -
Tire Rotation Tips from Bridgestone
Service and Maintenance_tiresafety.com Valves Taking Care of Your Tires Maintenance New valve stem, core and cap are recommended for all new tubeless tires. Tire Rotation Construction Lubricant Cross Rotation Sizes & Classifications Tire beads and rim flanges should be treated with a recommended 4 Wheel Drive Replacement lubricant inside and out. Beads should be lubricated both during Straight Rotation Maintenance mounting and dismounting (in case you wish to remount the tire and 5 Tire Rotation also to protect the wheel from damage). Technology Inflation Pressure Tire Terms Do not, under any circumstances, use liquids such as oil, Repair Safety Summary gasoline, spirits, or water. Driving Tips Tire Rotation Home Tire rotation is vital to achieving even tread wear and long tread life. Rotation is necessary because of the uneven wear characteristics of each wheel position on the vehicle. A good example is Front Wheel Drive vehicles which places braking, steering and driving forces on the front axle tires. Rear axle tires only receive braking forces resulting in a much faster wear rate for the front axle tires. Tire rotation for these vehicles therefore becomes very important for optimum tire life. NOTE: Free rolling axle tires are crossed and installed to the drive axle, while the drive axle tires are brought straight to the free rolling axle (without crossing). NOTE: Make sure you maintain vehicle manufacturers inflation recommendations after rotating tires. Cross Rotation The "Cross Pattern" provides the best results and can be performed on any Front or Rear Wheel Drive vehicle equipped with 4 non- unidirectional tires. (Unidirectional tires must be rotated front to rear only.) 4-Wheel Drive Vehicles equipped with permanent 4-Wheel Drive and those with "on Command" 4-Wheel Drive and driven mainly in 4-Wheel mode, are best suited to a four tire cross rotation. -
Pirelli Original Equipment & Replacement Passenger & Light Truck Tires
LIMITED WARRANTY PIRELLI ORIGINAL EQUIPMENT & REPLACEMENT PASSENGER & LIGHT TRUCK TIRES What Is Warranted and Who Is Eligible For Warranty Coverage? Pirelli Tire LLC (Pirelli), 100 Pirelli Drive, Rome, GA 30161, warrants that all Pirelli Original Equipment and New Replacement Passenger and Light Truck tires with a complete D.O.T. identification number and branded “Pirelli” which are supplied by Pirelli, either directly or through an authorized Pirelli dealer, and which are mounted on passenger vehicles and light trucks for primary use within the U.S.A. and Canada will be free from defects in workmanship and materials. This Limited Warranty is extended to the first retail purchaser of the tire in the United States and Canada or to the original owner of the vehicle on which Pirelli tires come mounted as Original Equipment. This Limited Warranty does not cover any associated service charges, including costs associated with mounting and balancing of the tire, tire rotation, studding, wheel alignment, etc., unless and to the extent otherwise expressly stated herein. Original Equipment and Replacement Tires Definitions “Original Equipment Tires” are Pirelli tires supplied as original equipment by the vehicle manufacturer or vehicle dealer on new vehicles. “Replacement Tires” are Pirelli tires mounted to your vehicle after the Original Equipment Tires or any tires from other manufacturers have been removed from your vehicle. Any references in this Limited Warranty to “Pirelli tires” without specification as to Original Equipment Tires or Replacement Tires should be read as reference to either one or both Original Equipment Tires or Replacement Tires. Other Warranties THIS LIMITED WARRANTY IS THE ONLY EXPRESS WARRANTY GIVEN BY PIRELLI. -
Investor Presentation April 2020 (Fact Book 2019)
Bitte decken Sie die schraffierte Fläche mit einem Bild ab. Please cover the shaded area with a picture. (24.4 x 7.6 cm) Investor Presentation April 2020 (Fact Book 2019) www.continental.com Investor Relations Agenda 1 Continental at a Glance 2 2 Strategy 13 3 Automotive Group 24 3.1 Chassis & Safety → Autonomous Mobility and Safety 34 3.2 Interior → Vehicle Networking and Information 48 3.3 Powertrain → Vitesco Technologies 60 4 Rubber Group 63 4.1 Tires 69 4.2 ContiTech 83 5 Corporate Governance 91 6 Sustainability 101 7 Shares and Bonds 113 8 Glossary 120 2 Investor Presentation, April 2020 © Continental AG 1 | Continental at a Glance One of the World’s Leading Technology Companies for Mobility › Continental develops pioneering technologies and services for sustainable and €44.5 billion connected mobility of people and their goods. 2019 sales › We offer safe, efficient, intelligent, and affordable solutions for vehicles, machines, traffic and transportation. › Continental was founded in 1871 and is headquartered in Hanover, Germany. 241,458 employees (December 31, 2019) 2019 sales by group Rubber Group 595 Locations 40% in 59 countries and markets (December 31, 2019) Automotive Group 60% 3 Investor Presentation, April 2020 © Continental AG 1 | Continental at a Glance Founded in 1871, Expanding into Automotive Electronics Since 1998 Continental-Caoutchouc- and Continental expands its activities in telematics Continental expands Gutta-Percha Compagnie is and other fields by acquiring the automotive Continental expands its expertise in founded in Hanover, Germany. electronics business from Motorola. software and systems vehicle antennas by expertise through the acquiring Kathrein Acquisition of a US Continental reinforces its acquisition of Elektrobit. -
Tire Warranty
Best in the west Tire Warranty Always the Right Tire. Always the Right Price. Over 200 Stores in 13 Western States Get to the Point. to Serve You Expert Service. Guaranteed. PASSENGER & LIGHT TRUCK TIRE WARRANTY out at 2/32" for consumer safety. Normal road hazard means; in materials or workmanship and show no signs of service neglect non-repairable punctures, breaks or cuts in the tire caused by rocks, or abuse will be replaced absolutely free of charge. Misalignment or All new passenger tires and tubeless light truck tires listed on the nails, potholes, debris, glass or other road debris. Regardless of the damage caused by abuse or collision is excluded. This warranty does attached invoice are covered by this TIRE FACTORY / POINT S number of miles you put on the tires, you will be covered for the life not apply to commercial applications. SERVICE AND WARRANTY CONTRACT and will be given service or of the original tread down to 2/32" remaining, or 60 months from the remedied under this warranty upon presentation of this contract at date of purchase, whichever occurs first. SHOCK ABSORBER/STRUT SERVICE CONTRACT any Tire Factory / Point S. **All Wheel Drive vehicles may require replacement of all tires if there is a difference in tire tread depth. This warranty only covers replacement of the damaged or Shock absorbers and struts are subject to manufacturer’s warranty. FREE FLAT REPAIR* defective tires; the customer is responsible for replacing any other tires. Road hazard Tire Factory / Point S will replace lifetime warranty shock absorbers All flats repaired FREE of charge for the life of the tire. -
Chassis Control
CHASSIS CONTROL MASAHARU SATOU DEPUTY GENERAL MANAGER VEHICLE DYNAMICS ENGINEERING GROUP INFINITI PRODUCT DEVELOPMENT DYNAMIC PERFORMANCE of INFINITI Q50 In control ( Precise handling & Small correction ) . DAS ( Most advanced steering system in the world ) . Stiffer chassis ( Body & Suspension ) . Good aerodynamics Cl ( zero lift ) . Tire improvement . Enhancing good fuel economy . Improved thanks to initial media feedback STIFFER CHASSIS FOR BETTER HANDL ING . 60% Improvement in front end bending stiffness from previous model FR BODY BENDING DASH/COWL TOP STIFFNESS panel Reinforcement G sedan Q50 60% Stiffness G sedan Smooth section to Q50 SILL/FR FLOOR support circular structure Reinforcement FR END Circular structure HIGH TENSIL E STEEL . First use of 1.2G High Elongation and High Tensile Steel . W eight reduction of 13 pounds . Provides lower profile structure and additional headroom . Increases body stiffness Hot Press 1.2GPa 980MPa 1.2G High Tensile Steel 780MPa W orld first for automotive 590MPa NEW MUL TI-L INK REAR SUSPENSION . New geometry & structure . Camber stiffness 8% improve . Reduced road noise AERODYNAMICS . Infiniti Q50 has zero aerodynamic lift at the front and rear Rear lift . Accomplished without front and rear spoilers ★ Competitor A . Early collaboration with design ★ ★ Competitor B and engineering team ★ Competitor C Competitor D ★ Q50 Front ZeroLift Rear Zero Lift Front lift AERODYNAMICS . Drag coefficient is 0.26 Cd . This contributes to improved fuel economy Drag (Cd) Better Infiniti Q50 0.26 BMW3 (11MY) 0.27 BMW3 (12MY) 0.26 Mercedes Benz C 0.27 Audi A4 0.28 L exus IS (12MY) 0.31 OTHER HANDL ING UPGRADES 3rd Gen. run-flat tire Upgraded double- Reduced Good grip wishbone front suspension unsprung weight Low RRC DIRECTOR OF PERFORMANCE INFINITI Q50 CHASSIS BENEFITS . -
Tire Maintenance Manual
TIRE MAINTENANCE MANUAL To The Owner/Operator Off-the-road tires are expensive pieces of equipment They are engineered and built with massive strength to support today’s equipment. This equipment is carrying ever increasing heavier loads at higher speeds and over longer dis- tances than ever before. Years of research and development have resulted in tires that can offer long service lives under these conditions. High strength carcasses have been developed to offer more load carrying capacity. New, tougher, higher quality components have improved durability. Improved rubber technology has helped to improve carcass durability, tread wear and hazard resistance ability. Still, there is a limit to the abuse and punishment any tire will take. Too many end up on a scrap pile because operators ignore common sense driving and operational practices. Others go out of service prematurely because they were not properly maintained. This manual, based on long term, extensive OTR field experience and practice, is designed to provide the information needed to help achieve maximum service life for both the end user and the equipment manufacturer. If followed, these recommendations will also help lower ton mile or tonne kilometer costs, improve equipment productivity and promote operating profits. This Booklet AppliesTo EarthmoverTires And Their Applications Only. It Does Not ApplyTo OtherTire Lines And Applications 1 CONTENTS Section I - Maintenance and Operations Construction Features .................................................................................... -
Effec Tive 7/16/2020
EFFEC TIVE 7/16/2020 In addition to the valuable warranty information you will find herein we encourage you to visit the Continental Tire the Americas, LLC (“CTA”) website at www. continentaltire.com (US) and www.continentaltire.ca (Canada) for safety and maintenance information and up-to-date changes, including a Customer Care FAQ tab with downloadable brochures. Please also visit the Rubber Manufacturer Association (RMA) website at www.rma.org for additional safety and maintenance information. THE TOTAL CONFIDENCE PLAN IS NOT A WARRANTY THAT THE TIRE WILL NOT FAIL OR BECOME UNSERVICABLE IF NEGLECTED OR MISTREATED. The purchase of Continental brand tires provides an extra measure of confidence with the support of the Total Confidence Plan. The Total Confidence Plan is a comprehensive package of all available warranties and services including: Limited Warranty, Flat Tire Roadside Assistance, Customer Satisfaction Trial, Mileage Warranty (if applicable) and Road Hazard Coverage. 2 2 1. ELIGIBILITY The Total Confidence Plan applies to the original owner of new Continental brand passenger and light truck (LT) tires that are (a) new replacement market tires bearing the Continental brand name and D.O.T. Tire Identification Number, (b) operated in normal service, (c) used on the same vehicle on which they were originally installed according to the vehicle manufacturer’s recommendations and (d) purchased from an authorized Continental brand tire dealer. Tires used in competition are not eligible for any coverage under this Total Confidence Plan. Additionally, tires used in commercial service including, but not limited to, taxicabs, police cars, emergency vehicles, non- passenger service vehicles are not eligible for the extra coverage set forth in Section 3 of this Total Confidence Plan. -
Annual Report 2008 We
Annual Report 2008 We. Annual Report 2008 Continental Corporation in € millions 2008 2007 Δ in % Sales 24,238.7 16,619.4 45.8 EBITDA 2,771.4 2,490.6 11.3 in % of sales 11.4 15.0 EBIT before amortization of intangible assets from PPA 210.0 1,737.2 -87.9 in % of sales 0.9 10.5 EBIT -296.2 1,675.8 -117.7 in % of sales -1.2 10.1 Net income attributable to the shareholders of the parent -1,123.5 1,020.6 -210.1 Earnings per share (in €) -6.84 6.79 EBIT before amortization of intangible assets from PPA and before depreciation of tangible assets from PPA (only Siemens VDO) 320.3 1,737.2 -81.6 in % of sales 1.3 10.5 Adjusted1 EBIT before amortization of intangible assets from PPA and before depreciation of tangible assets from PPA (only Siemens VDO) 1,837.3 1,841.5 -0.2 in % of sales 7.6 11.1 Free cash flow 628.5 -10,625.6 105.9 Net indebtedness 10,483.5 10,856.4 -3.4 Gearing ratio in % 189.6 158.3 Total equity 5,529.9 6,856.1 -19.3 Equity ratio in % 22.4 24.7 Number of employees at the end of the year2 139,155 151,654 -8.2 Dividend in € — 2.00 Share price (high) in € 86.62 109.07 Share price (low) in € 27.00 84.19 1 Before special effects. 2 Excluding trainees. Continental’s Core Business Areas Automotive Group in € millions 2008 2007 Δ in % Sales 14,900.0 7,295.9 104.2 EBITDA 1,428.8 903.7 58.1 in % of sales 9.6 12.4 EBIT -1,205.8 504.3 -339.1 in % of sales - 8.1 6.9 Adjusted1 EBIT before amortization of intangible assets from PPA and before depreciation of tangible assets from PPA (only Siemens VDO) 908.9 654.5 38.9 in % of sales 6.1 9.0 1 Before special effects.