BMV: RASSINIwww.rassini.com

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Fourth Quarter 2017February 20, 2018

Twelve-months figures 4Q 2017 Highlights

• Net revenue increased to $18,104 million pesos.

• EBITDA grew to $3,366 million pesos.

• Net income reached $1,475 million pesos.

• Net Debt/annualized EBITDA ratio as of December 31 was 0.2x.

• EBITDA/Net Interest Expense ratio as of December 31 was 11.1x.

Consolidated Fiscal Year 2017 Results

(January 1- December 31)

2017(mill. Pesos)

2016(mill. Pesos)

% Change

Sales $18,104 $16,340 11%

Gross Profit $4,581 $4,373 5%

EBITDA $3,366 $3,190 6%

Net Income before taxes and

minority interest

$1,992 $1,935 3%

Net Income $1,475 $1,431 3%

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Industry Update

Auto Show Detroit 2018

MacroeconomicsDecember 2017

Ma

y 0

8

Dec

17

Housing Starts

Sources: Reuters, Bureau of Labor Statistics and Gas Buddy.

Exceeding a million homes for

thirty-two consecutive months

1.3Million of houses

5.4%

Unemployment 4.1%

Ma

y 0

8

Dec

17

4.2%

Fuel Cost 2.5 US$ / Gallon4.1

2.52.5

May

08

Dec

14

Dec

17

4

7.0 6.9 6.9 5.9

10.1 10.6 11.011.2

17.0 17.5 17.8 17.1

2014 2015 2016 2017Passenger Cars Light Trucks

17.017.5 17.8

17.1

17.4 17.4 17.5

2014 2015 2016 2017 2018 2019 2020

Actual

IHS Forecast / Dec'17

15.2 15.5 16.9 17.4 17.5

17.8

8

10

12

14

16

18

20

22

J M M J S N J M M J S N J M M J S N J M M J S N J M M J S N J M M J S N

2012 2013 2014 2015 2016 2017

US Light Vehicle SAAR

Annual average

(4%)

Industry SnapshotMillion units

Expected Light Vehicle Production1%

2% 0%

Source: IHS @ December’17

SAAR reached 17.8 million units during December 2017.

Production in North America is expected to reach 17.5 million units in 2020 according to the experts from IHS.

December inventories closed at a level of 61 days’

supply. Light Trucks production increased 3% vs previous year.

NAFTA Light Vehicle Production

Dec

5

Country 2017 2018 2019 2020

USA 11.0 11.1 11.2 11.5

CAN 2.2 2.1 1.9 1.9

MEX 3.9 4.2 4.2 4.2

NAFTA 17.1 17.4 17.4 17.5

Passenger cars82%

Commercial Vehicles

14%

Trucks3%

Buses1%

2,502

2,018 1,778

2,174 2,339 2,436 2,540 2,643 2,748

471

316

299

329 338

347 370

386 396

140

74

61

79 88

93 100

109 126 33

21

19

21 22

23 27

28 31

3,146

2,429

2,157

2,603 2,787

2,899 3,037

3,166 3,301

2014 2015 2016 2017e 2018e 2019e 2020e 2021e 2022e

Passenger Cars Light Commercials Trucks Buses

Brazilian Vehicle ProductionMillion vehicles

By 2022 Brazil will reach 3.3 million units

Source: Sindipeças @Dec’17 6

Trucks and buses represent 86% of

RNA business

Consolidated FinancialHighlights

7

MxP/USD Dec'16 Dec'17

End 20.66 19.74

Average 18.65 18.93

9,353 9,392 10,362

11,900 12,897

16,340

18,104

1,178 1,203 1,343

1,568

2,141

3,190 3,366

11 12 13 14 15 16 17

Sales EBITDA

Consolidated Sales and EBITDA Million Pesos

8

CAGR '12-'17

Sales 14%

EBITDA 23%

3,190 3,139

51

3,366 3,215

151

Consolidated Rassini Nafta Brazil*

6%

2%

199%

16,34015,034

1,306

18,10416,223

1,881

Jan-Dec '16 Jan-Dec '17

11% 8%

44%

EBITDA

Sales

YTD Sales and EBITDA by Region Million Pesos

9* EBITDA before Fees and Royalties

Actual dist. Sales

NAFTA 90%

Brazil 10%

Consolidated 100%

Actual dist. EBITDA

NAFTA 95%

Brazil 5%

Consolidated 100%

Sales by Product and Region

Consolidated Sales BreakdownMillion Pesos

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2016 % 2017 %

Leaf Springs (1) 8,345 51 8,850 49

Coil Springs 1,701 10 1,723 10

NAFTA Suspensions 10,046 61 10,573 59

Brakes (1) 4,988 31 5,650 31

TOTAL NAFTA 15,034 92 16,223 90

Leaf Springs (1) 1,088 7 1,601 9

BRAZIL Coil Springs 218 1 280 1

TOTAL BRAZIL 1,306 8 1,881 10

CONSOLIDATED SALES 16,340 100 18,104 100

(1) Includes elimination of intercompany transactions.

Jan-Dec Jan-Dec

US OEMs 75%Asian OEMs

9%

European OEMs

6%

Aftermarket2%

Trailers Brazil 1%

Other 7%

Sales distribution by customer

OEM: Original Equipment Manufacturer

Consolidated Income Statement Million Pesos

11

Consolidated Jan-Dec Jan-Dec % Var

Income Statement 2016 2017 17/16

Net Sales 16,340.1 18,103.7 11

Cost of sales 11,967.4 13,523.2 (13)

Gross Profit 4,372.7 4,580.5 5

% of sales 27 25

SG&A 1,183.0 1,214.3 (3)

EBITDA 3,189.7 3,366.2 6

% of sales 20 19

Depreciation 779.2 810.4 (4)

Interest & other financial charges 323.8 315.8 2

Other expenses 151.5 247.9 (64)

Income before Taxes & Minority Int. 1,935.2 1,992.1 3

Other non-recurring income (134.0) - 100

Taxes & Deferred Taxes 722.9 617.9 15

Minority Interest (84.9) (101.1) (19)

Net Income 1,431.2 1,475.3 3

Consolidated Cash FlowMillion Pesos

12

Consolidated Jan-Dec Jan-Dec % Var

Cash Flow 2016 2017 17/16

EBITDA 3,189.7 3,366.2 6

Working Capital and Taxes (785.3) (541.3)

Net operating cash flow 2,404.4 2,824.9 17

Interest expense (251.7) (230.4)

Cash flow after int. expense 2,152.7 2,594.5 21

Capex (849.7) (853.9)

Cash flow available for debt service 1,303.0 1,740.6 34

Financing & Debt Amortization (44.6) (521.1)

Dividends paid (480.2) (640.3)

Other (88.1) (501.7)

Beginning cash balance 1,223.0 1,913.1

Ending cash balance 1,913.1 1,990.6 4

9.0

34.0 34.0

6.8

2018 2019 2020 2021

Long Term Debt Amortization ProfileUS$ Million

Nafta Suspensions Brakes

Note: Debt profile does not include working capital financings

Short Term

Current

Portion

LTD

Long

Term Total

Suspension Division NA 8.4 25.0 25.0 58.4

Brakes Division 6.0 9.0 24.8 39.8

Suspension Division Brazil 32.5 - 0.1 32.6

TOTAL 46.9 34.0 49.9 130.8

As of End ofDecember 2017

Cash balance Dec’17 = US$101 mill.Net Debt Dec’17 = US$30 mill.

Consolidated Debt Million US dollars

13

10.2

15.3

0.5

11.1

15.8

1.6

Consolidated North America Brazil *

9%

3%

220%

Net debt / EBITDA

EBITDA / Net interest

Financial Ratios by Region (Times)

* EBITDA before Fees and Royalties 14

0.3 0.5

5.8

0.2 0.2

3.8

Dec'16 Dec'17

51% 56%

35%

Appendix

BMV: RASSINI

www.rassini.com

What defines Rassini…

World’s largest producer ofsuspension components for lightcommercial vehicles

Largest fully integrated brakedisc producer in the Americas

Leader in technology and marketshare designing and producingsuspension components and highperformance brake rotors.

Within the Top 100 North Americansuppliers by Automotive News.

Recognized year after year for ouroperational excellence.

16

58%

Leaf Springs

31%

Brakes

Coil Springs

11%

Silverado

Bushings

Motor balancers

Clutch platesSpacers

17

• Leaf Springs and Coil SpringSão Bernardo do Campo, São Paulo

Mexico

• BrakesSan Martin, Puebla

• Leaf Springs and Coil SpringsPiedras Negras, Coahuila

• Leaf SpringsXalostoc, Estado de Mexico

• Elastomers and Bushing AssembliesSan Juan del Rio, Queretaro

• HeadquartersMexico City

• Coil SpringsMontpelier, Ohio

• BrakesFlint, Michigan

• Sales , Engineering, Researchand Development

Plymouth, Michigan

Brazil

• Leaf SpringsNova Iguacu, Rio de Janeiro

USA• Engineering Office

Stuttgart, Germany

• Engineering OfficeTokyo, Japan

5 R&D Centers

Plants around the world

Operating divisions

84

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Juan Pablo Sánchez

Emma Bocanegra

Edgar Landeros

CFO

Financial Planning & IR

Financial Analyst & IR

jsanchez@rassini.com

ebocanegra@rassini.com

elanderos@rassini.com

BMV: RASSINI

www.rassini.com

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