EN Investors Financial calendar Supplied by © Euroland.com Terms of Service | Cookie Policy ARCHIVE SUPPLIERS' AREA ABOUT US SUSTAINABILITY GOVERNANCE INVESTORS MEDIA CAREER INSTITUTIONAL RELATIONS Copyright © 1995 - 2021 Pirelli & C. S.p.A. - P.IVA: 00860340157 Legal Information Privacy Company Info Cookie Policy Contacts IMPORTANT INFORMATION ABOUT COOKIES This website uses third-party profiling Cookies in order to send you advertisements corresponding to your preferences. If you would like to obtain more information or refuse your consent to use of all or some of the Cookies, you may consult our Cookie Policy. By closing this banner or continuing to browse on our website and access any part of it, you consent to the use of Cookies. AcceptDecline

EN Investors Outlook2021 financial outlook 2021 FINANCIALS TARGETS 1. not including the impact related to Convertible Bond amounting to €41 million In light of the market outlook and results obtained in the first nine months, Pirelli has revised upwards its 2021 revenue and cash generation targets while confirming all the other targets for the year: Revenues between ~€5.1 ÷ ~€5.15 billion (in August target had been revised up to between ~€5.0 ÷ ~€5.1 billion), with: Volume growth between ~+14% and ~+15% (in line with the previous targets which had been revised up in August, with a marked improvement in price/mix ~+7% (in August the target had been revised up to between ~+4.5% ÷ ~+5%) thanks to further price increases and a more favourable mix; Impact of exchange rates improved to ~-2% (previous indication ~-2.5% ÷ -2%). adjusted EBIT margin confirmed at between ~15% and ~15.5% (target revised up in August). The impact of raw materials – expected to be higher than previous indications – and the effect of exchange rates will be more than offset by the greater contribution from price/mix; Net cash flow before dividends improving to between €390 ÷ €410 million (in August the target was revised up to between €360 ÷ €390 million), thanks to the operating performance and efficient management of working capital; Investments confirmed at ~€330 million; Net financial position confirmed at <€3 billion (target was improved in August). Last revised: 11 Nov 2021 ARCHIVE SUPPLIERS' AREA ABOUT US SUSTAINABILITY GOVERNANCE INVESTORS MEDIA CAREER INSTITUTIONAL RELATIONS Copyright © 1995 - 2021 Pirelli & C. S.p.A. - P.IVA: 00860340157 Legal Information Privacy Company Info Cookie Policy Contacts IMPORTANT INFORMATION ABOUT COOKIES This website uses third-party profiling Cookies in order to send you advertisements corresponding to your preferences. If you would like to obtain more information or refuse your consent to use of all or some of the Cookies, you may consult our Cookie Policy. By closing this banner or continuing to browse on our website and access any part of it, you consent to the use of Cookies. AcceptDecline