Achieving excellence 2014 European Shareholder Value Awards

June 2014 On behalf of PwC and Automotive News Europe, we are pleased to announce the winners of the 2014 European Shareholder Value Awards in conjunction with the 16th Annual Automotive News Europe Congress. While the industry wrestles with a volatile global economy and the struggles in the euro zone, automotive companies are redefining he way they go to market. We would like to congratulate a handful of companies who have identified growth opportunities which have delivered returns to their shareholders.

The PwC European Automotive Shareholder Value Index (SVI) has become accepted as the standard measure of relative shareholder value in the . Much of the SVI’s success lies in its simplicity. It looks at the value of €100 invested in a stock over one- and three-year periods, and compares relative returns generated by different companies and industry segments. The result is an objective and reliable measure of shareholder value for stock market-listed automotive companies.

The SVI takes into account rise and falls in a company’s share price, dividends, share buy backs and new share issues. Because it is based on the investment of €100, movements in exchange rates also impact the global index and specific copany returns.

The SVI represents the average return of each portfolio weighted according to the market capitalization of common constituents. The SVI recognizes the highest total shareholder return for European Vehicle Manufacturers, Parts Suppliers and Retailer over one-year and three-year periods ending 31 March 2014.

The European Automotive Shareholder Value Awards are presented annually at the Automotive News Europe Congress.

Please welcome us in congratulating the 2014 SVI winners.

Felix Kuhnert Jason Stein Jason Wakelam European Automotive Leader Editor UK Automotive PwC Automotive News Europe Transactions Services Leader PwC Composition of the PwC Automotive European Shareholder Value Indices

PwC has devised separate PwC Automotive SVI Indices v Global Indices— automotive Shareholder Value PwC Automotive3 Year SVIPerformance Indices verus Global Indices—3 year performance Indices (SVIs) for European vehicle manufacturers, 250 European parts suppliers and

European retailers. These have 200 been reported in Automotive News Europe on a quarterly basis since January 2001. 150

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0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 FY11 FY11 FY11 FY11 FY12 FY12 FY12 FY12 FY13 FY13 FY13 FY13 FY14 European OEMs European Retailers European Suppliers Dow Jones S&P500

Source: Thomson Reuters, EcoWin

“We are honoured to recognize the winning companies who have set out to redefine their businesses to endure the economic downturn. It is clear that the management teams have found a very careful balance to sustain rapid changes in the global markets. They are focused on delivering value to their shareholders.” —Felix Kuhnert European Automotive Leader, PwC

Achieving excellence 1 2014 European Shareholder Value Awards European Vehicle Manufacturers

3–year winner: SA 1–year winner: Fiat S.p.A.

Renault SA Fiat S.p.A. +95.05% +103.62%

European automotive shareholder European automotive shareholder value index for automotive vehicle value index for automotive vehicle manufacturers manufacturers +59.25% +50.36% Renault group was able to reinforce its In a one-year period, Fiat S.p.A. provided an global growth strategy and achieve positive impressive 103.62% shareholder return compared shareholder value. to 50.36% for the overall European Vehicle In a three year period, Renault SA provided Manufacturers index. a 95.05% shareholder return compared to Source: Factiva, company websites, press releases, etc. 59.25% for the overall European Vehicle Manufacturers index.

Source: Factiva, company websites, press releases, etc.

PwC Automotive SVI 3–year European PwC Automotive SVI 1–year European OEMPwC automotive Performance SVI 3 year european OEM performance OEMPwC automotive Performance SVI 1 year european OEM performance

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100 100 Shareholder return (base=100) return Shareholder Shareholder return (base=100) return Shareholder 50 50

0 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q1 FY13 Q2 FY13 Q3 FY13 Q4 FY13 Q1 FY14 FY11 FY11 FY11 FY11 FY12 FY12 FY12 FY12 FY13 FY13 FY13 FY13 FY14

PwC Series Renault PwC Series Fiat

Source: Thomson Reuters, EcoWin Source: Thomson Reuters, EcoWin

Achieving excellence 2 2014 European Shareholder Value Awards European Parts Supplier

3–year winner: Montupet SA 1–year winner: Montupet SA

Montupet SA Montupet SA +762.84% +418.17%

European automotive shareholder European automotive shareholder value index for parts suppliers value index for parts suppliers +119.06% +75.29%

Montupet SA is a French-owned aluminum In a one-year performance, Montupet SA achieved foundry and long been recognised as an industry shareholder value return of +418.17% compared to leader in the manufacture of complex aluminum its peers delivering 75.29%. components for the automotive industry Source: Factiva, company websites, press releases, etc. worldwide. Over the last three-year period, Montupet delivered a very impressive +762.84% in shareholder value return compared to +119.06 observed by its peers.

Source: Factiva, company websites, press releases, etc.

PwC Automotive SVI 3–year European PwC Automotive SVI 1–year European SupplierPwC automotive Performance SVI 3 year european supplier performance PwCSupplier automotive Performance SVI 1 year european supplier performance

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0 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q1 FY13 Q2 FY13 Q3 FY13 Q4 FY13 Q1 FY14 FY11 FY11 FY11 FY11 FY12 FY12 FY12 FY12 FY13 FY13 FY13 FY13 FY14

PwC Series Montupet PwC Series Montupet

Source: Thomson Reuters, EcoWin Source: Thomson Reuters, EcoWin

Achieving excellence 3 2014 European Shareholder Value Awards European Automotive Retailers

3–year winner: Plc 1–year winner: HR Owen Plc

Lookers Plc HR Owen Plc +132.35% +161.57%

European automotive shareholder European automotive shareholder value index for automotive retailers value index for automotive retailers +45.50% +126.52%

Over the past three years, Lookers Plc, one of the Traditionally a -based franchised motor leading UK based motor retail and after sales service dealer, HR Owen’s head office resides in the group, have achieved a +161.57 shareholder value . return in a three-year period, while it’s peer group HR Own had an exciting year with a strong achieved a +126.52 shareholder value return. financial performance, achieving a +132.35 Source: Factiva, company websites, press releases, etc. Source:shareholder Factiva, company value return websites, compared press releases, to etc. a +45.50 among its peer group.

Source: Factiva, company websites, press releases, etc.

PwC Automotive SVI 3–year European PwC Automotive SVI 1–year European RetailersPwC automotive Performance SVI 3 year european retailer performance RetailersPwC automotive Performance SVI 1 year european retailer performance

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100 100 Shareholder return (base=100) return Shareholder (base=100) return Shareholder 50 50

0 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q1 FY13 Q2 FY13 Q3 FY13 Q4 FY13 Q1 FY14 FY11 FY11 FY11 FY11 FY12 FY12 FY12 FY12 FY13 FY13 FY13 FY13 FY14

PwC Series Lookers PwC Series H R Owen

Source: Thomson Reuters, EcoWin Source: Thomson Reuters, EcoWin

Achieving excellence 4 2014 European Shareholder Value Awards Past European Automotive Shareholder Value Award Winners

1 performance 3 performance year year

European Automotive 2013 Renault S.A. Volkswagen AG 2012 BMW BMW Manufacturers 2011 BMW BMW 2010 Renault Not Awarded 2009 Not Awarded Not Awarded 2008 Volkswagen AG Volkswagen AG 2007 Fiat S.p.A. Fiat S.p.A. 2006 Fiat S.p.A. Renault S.A. 2005 Renault S.A Renault S.A 2004 AG Porsche AG 2003 Renault S.A. Porsche AG 2002 Porsche AG PSA Citroean S.A. 2001 Peugeot S.A. Peugeot S.A.

European Automotive 2013 Montupet SA Plastic Omnium 2012 Leoni AG Plastic Omnium Parts Suppliers 2011 Polytec Group Plastic Omnium 2010 Plastic Omnium Not Awarded 2009 Not Awarded Not Awarded 2008 ElringKlinger AG ElringKlinger AG 2007 Compagnie Generale des ElringKlinger AG Etablissments Michelin 2006 Compagnie Plastic Omnium Continental AG 2005 Continental AG ElringKlinger AG 2004 MGI Coutier ElringKlinger AG 2003 ElringKlinger AG Beru AG 2002 Leoni AG Beru AG 2001 Faurecia Beru AG

European Automotive 2013 Lookers Plc 2012 Lookers plc Bilia AB Retailers 2011 Bilia AB Bilia AB 2010 Bilia AB Not Awarded 2009 Not Awarded Not Awarded 2008 Not Awarded Not Awarded 2007 Lookers Plc Lookers Plc 2006 Pendragon Plc Pendragon Plc 2005 Bilia AB Bilia AB 2004 Pendragon Plc Ichcape Plc 2003 Bilia AB Ryland Group Plc 2002 Ryland Group Plc 2001 Styner Reg Vardy Plc

Achieving excellence 5 2014 European Shareholder Value Awards About PwC

PwC’s global automotive practice leverages its extensive experience in the industry to help companies solve complex business challenges with efficiency and quality. One of PwC’s global automotive practice’s key competitive advantages is Autofacts®, a team of automotive industry specialists dedicated to ongoing analysis of sector trends. Autofacts provides our team of more than 4,800 automotive professionals and our clients with data and analysis to assess implications, make recommendations, and support decisions to compete in the global marketplace. Rick Hanna Jason Wakelam Global Automotive Leader UK Automotive Transaction +1 (313) 394 3450 Services Leader [email protected] +44 (0) 118 938 3366 [email protected]

Felix Kuhnert Alex Pascoe European Automotive Leader UK Automotive Transaction +49 711 25034 3309 Services Practice [email protected] +44 (0) 7841 566 858 [email protected]

Marketing and Media Relations: Kristin McCallum Ritter Automotive Marketing Leader +1 (313) 394-6349 [email protected]

Automotive News Europe Automotive News Europe is the only English-language news gathering organization that covers the entire automotive industry in Europe. Automotive News Europe offers daily and weekly emails, breaking news alerts and full coverage of the Europe’s biggest auto shows. www.autonewseurope.com is continually updated with news, features and analysis of the latest industry news. Read profiles of industry leaders and monitor the scorecard of the key players—whose market share is growing, who’s building new products, and who’s supplying what to whom. Jason Stein Editor Automotive News Europe +1 (313) 446-0376

Press Contact: Ellen Dennehy Marketing Director Automotive News Europe +1 (313) 446-6039

www.pwc.com/auto www.autonews.com

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