Pirelli ESG Investor Briefing

A PRI – UN Global Compact initiative

13 March 2013 – 9:00 PDT – 12:00 EDT – 16:00 GMT – 17:00 CET

On 13 March 2013, Pirelli will host its ESG Investor Briefing, as part of a joint PRI-UN Global Compact initiative designed to improve company-investor communications on ESG information, following the model of traditional financial quarterly calls.

During the 1-hour webcast conference call Mr. Marco Tronchetti Provera, Chairman and CEO, and Mr. Maurizio Sala, Head of Planning & Control Department and Filippo Bettini, Head of Sustainability & Risk Governance will present the company’s ESG value drivers using a framework developed in collaboration with Global Compact LEAD companies and PRI investors, followed by a 30 minutes Q&A session for participating investors.

The Pirelli ESG Investor Briefing is a part of a series of 10-15 pilot presentations by Global Compact companies in 2012-2013 designed to test and refine the ESG Investor Briefing concept and develop a framework complementary to sustainability reporting for corporate communication with the investor community on strategic ESG risks and opportunities.

If you are interested in participating in Pirelli’s ESG Investor Briefing, and you are a a PRI signatory, you can directly register here. If you are not a PRI signatory, please contact Danielle Chesebrough, Manager of Investor Engagements with the UN Global Compact at Danielle.Chesebrough@unpri.org, who will register you and provide you with a link for the webinar and dial-in details.

Open the PRI-UN Global Compact – Pirelli invitation (PDF Version, 256 KB)

PEERS & MARKETS

The week from February 11^th to 15^th was mixed for major international stock markets (Milan -0.8%, London +1.0%, Frankfurt -0.8%, Paris +0.3%). The expectations for the outcome of the G20 meeting in Moscow (global currency balance the main topic on the agenda) and the not-encouraging data of fourth quarter GDP in Italy, France and Germany (all down QoQ and lower than expected) feed the uncertainty and volatility in the markets.

European Auto&Parts sector was down after previous week’s positive performance (-1.6% Stoxx Auto, +4.4% YTD). Among the major OEMs Renault and Peugeot were in countertendency after 4Q FY-2012 results above analysts’ expectations: +6.7% and +10.4%, respectively, the weekly return.

European tyre sector was also mixed. Pirelli ended at € 8.71 (-2.4%, +1.1% Continental, Michelin -6.5%). Low activity on the stock with an average daily trading volume of approximately 1.9 million shares (-30% vs. the average of the last 3 months). In the last quarter, the stock gained 6.2% in line with the performance of the Milan Stock Exchange.

PEERS & MARKETS

Main European stock market were down in the week from 4 to 8 February 2013 (Milan -4%; London -1.3%, Frankfurt -2.3%; Paris -3.3%, Madrid -0.7%). Political vicissitudes in Spain – calls for the resignation of the Prime Minister – and Italy in the upcoming elections of February 2013, renewed fears on peripheral Euro countries pulling down stock indexes. Data on U.S. productivity declining in 4Q (-2% QoQ vs. -1.4% expected) and the view of the President of the ECB on a still weak economic activity in the euro area (recovery only in the second part of the 2013) also weighed on sentiment.

European Auto&Parts sector performance was slightly positive (+0.8%) in the second week of the reporting season. According to Daimler, car demand in 2013 will increase by 2%/4%, with a positive trend more pronounced in the second half of the year. Sector stocks also benefited from data on auto sales in China which rose in January by 35-40% compared to last year.

Pirelli ended the week at € 8.92 (-1.5%) discounting the negative mood on the Italian equity market (worst market in Europe) with an average daily trading volume of about 2.7 million. The year-to-date performance is still one of the best in the European tyre sector (+3.1% YTD) after a 33.1%increase  in 2012.