Pirelli & C. SpA

Pirelli & C. SpA

Pirelli & C. SpA

Overview
Date Founded

1872

Headquarters

Viale Piero e Alberto Pirelli, 25,Milan 20126

Type of Company

Public

Employees (Worldwide)

30.2K

Industries

Auto Parts & Tires
Wholesale: Industrial Products & Manufacturing
Wholesale: Consumer Durables

Company Description

Pirelli & C. SpA engages in manufacturing and marketing of tyres for motor and industrial vehicles & motorcycles. It operates through the Consumer Business and Industrial Business segments. The Consumer Business segment includes car and motorcycle tyres made for both the original equipment and replacement markets. The Industrial Business segment comprises truck tyres and tyres for agricultural equipment. The company was founded by Giovanni Battista Pirelli on January 28, 1872 and is headquartered in Milan, Italy.

Website
Executives & Employees

Executive Vice Chairman & Chief Executive Officer

Chief Financial Officer

Head-Group Planning & Control Department

Chief Operating Officer, Industrial

Director & Chief Corporate Development Officer

Chief Legal Officer

Chief Human Resources Officer & Executive Vice President

General Manager-Technology

Communication Director

Board of Directors

Chairman, President & Chief Executive Officer at China National Chemical Corp.

Executive Vice Chairman & Chief Executive Officer at Pirelli & C. SpA

Vice President at Aspen Art Museum

Chief Executive Officer & Executive Director at GEDI Gruppo Editoriale SpA

Chief Executive Officer at KIKO SpA

Director & Chief Corporate Development Officer at Pirelli & C. SpA

Chairman & President at China National Tire & Rubber Co., Ltd.

Member, Board of Directors at Pirelli & C. SpA

Director at Pirelli & C. SpA

Former General Manager at LUISS Guido Carli University

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Owners & Shareholders
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Oddo Meriten AM is an active, conviction-driven manager which invests globally in a variety of asset classes including equity, fixed-income, convertible bonds, money market instruments, alternative assets and private equity. They have special expertise in mid-caps, theme investing, and quantitative equity management and manage a range of strategies including money market, hedge, balanced, active asset allocation, structured products and multimanager. They focus on the French and European markets and specialize in tailoring investment solutions to match client profiles.The firm follows a bottom-up approach based on in-house fundamental research to select stocks and exploit market inefficiencies. The investment process differs for each asset class, within a strategic asset allocation framework. OAM's investment philosophy emphasizes teamwork with autonomy for each team. Their equity and fixed-income teams operate in close relationship, using a combination of quantitative and fundamental analysis.

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Generali Investments France is an active manager which follows a risk-cautious, fundamentals-based approach in order to generate consistent, low volatility returns over the long-term and protect invested capital.The firm combines top-down and bottom-up inputs provided by in-house research teams. They first analyze macro-economic indicators and the general political environment to evaluate their potential impact on the main financial markets. Dedicated committees decide on the strategic asset allocation and provide short-term forecast on equity and fixed-income markets driving tactical allocation to be implemented by the portfolio managers who select securities based on inputs from proprietary bottom-up securities analysis, ESG screening and quantitative models.Their bottom-up research team covers mainly European, US and Asian companies, providing equity recommendations and internal credit ratings to portfolio managers, who combine the positive aspects of equity analysis (expectations on revenues and profitability evolution) and credit analysis (debt distribution and cash flows) to analyze companies in an organic manner and identify the financial instrument with the most attractive risk/return profile (equities, convertible bonds, corporate bonds).Risk management is fully integrated in the firm's investment process and provides daily inputs to portfolio managers along with ex-ante analysis (VaR, simulations, expected yield) and ex-post risk profile measurements (tracking error and tracking error volatility, turnovers, risk and return ratios). A risk platform runs various analyses including stress testing, VaR measurement, risk sources analysis, delta adjusted market exposures and sensitivities.

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MGF actively manages portfolios, investing primarily in global equity, fixed-income and money market instruments, with a strong focus on Italian securities. Their investment philosophy varies according to the scope of each fund. They do not have a preference for growth or value stocks, investing in sectors they believe are currently underperforming.The firm follows a top-down investment process for funds composed of fixed-income and money market instruments, while they have a bottom-up approach for equity investments. They base investment decisions on in-house fundamental and technical research. For real estate, MGF invests primarily in non-residential real estate (hospitality, logistics, welfare and health). Their geographic focus is on property in Italy and euro-denomination countries. The firm's investment committee meets regularly to establish country and asset allocation.

Recent Transactions
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Pirelli & C. SpA issued Ordinary Shares

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Davidson Kempner Capital Management LP purchases Prelios SpA from Pirelli & C. SpA, UniCredit SpA, Fenice Srl, Intesa Sanpaolo SpA

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China Cinda (HK) Holdings Co. Ltd., China Cinda Asset Management purchase Pirelli Industrial SRL from Pirelli & C. SpA

Transaction Advisors
Investment Advisor

Advised onChina National Chemical Corp., Lauro Sessantuno SpA purchase Pirelli & C. SpA

Investment Advisor

Advised onThe Goldman Sachs Group, Inc., Goldman Sachs Principal Investment Area purchase Pirelli & Co. SpA /Energy & Telecom Cables & Systems Ops from Pirelli & C. SpA resulting in a new company Prysmian SpA

Investment Advisor

Advised onChina National Chemical Corp., Lauro Sessantuno SpA purchase Pirelli & C. SpA

Advisors & Consultants
Legal Advisor

Partner at Weil, Gotshal & Manges LLP

Advisor

Corporate Chief Marketing Officer at AIG

Legal Advisor

Partner at Weil, Gotshal & Manges LLP

Clients

Ford Motor Co. engages in the manufacture, distribution, and sale of automobiles. It operates through the following segments: Automotive and Financial Services. The Automotive segment engages in designing, manufacturing, marketing and servicing of Ford cars, trucks, SUVs, and electrified vehicles, as well as Lincoln luxury vehicles. The Financial Services segment consists of Ford Credit, which offers automotive financing products to and through automotive dealers. The company was founded by Henry Ford on June 16, 1903 and is headquartered in Dearborn, MI.

Compagnie Financière Richemont SA engages in the design, manufacture, and distribution of luxury goods. It operates through the following segments: Jewellery Maisons, Specialist Watchmakers, and Other. The Jewellery Maisons segment engages in the designing, manufacturing and distribution of jewellery products which include Cartier, Van Cleef & Arpels and Giampiero Bodino. The Specialist Watchmakers segment includes the designs, manufactures and distributes precision timepieces. This segment comprises Piaget, A. Lange & Söhne, Jaeger-LeCoultre, Vacheron Constantin, Officine Panerai, IWC Schaffhausen, Baume & Mercier and Roger Dubuis. Its products include jewellery, watches, writing instruments and leather goods. The company was founded by Johann P. Rupert in September 1988 and is headquartered in Bellevue, Switzerland.

Ferrari NV is a holding company. It manufactures luxury sports cars. Ferrari's models include the F12Berlinetta, 488GTB, 488 Spider, 458 Speciale, California T, the LaFerrari Hybrid, LaFerrari and the FF four-wheel drive. The company participates in car racing such as Formula One. Ferrari was founded by Enzo Anselmo Ferrari in 1947 and is headquartered in Maranello, Italy.

Key Stats and Financials As of 2017
Market Capitalization
$7.03B
Total Enterprise Value
$9.5B
Earnings Per Share
$0.21
Revenue
$5.35B
Net Profit
$176M
EBITDA
$620M
EBITDAMargin
11.58%
Total Debt
$4.44B
Total Equity
$4.18B
Enterprise Value Sales
1.77x
Enterprise Value EBITDAOperating
15.33x
TEVNet Income
53.85x
Debt TEV
0.47x
Investments
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Olimpia SpA specialises in the management and development of fixed and mobile telecommunications networks and internet services. It provides its services in Europe, the Mediterranean Basin and South America. The company was founded in 2001 and is located in Milan, Italy.

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Pirelli & C. Ambiente SpA is the Pirelli Group Company focused on energy and the environment, offering solutions for sustainable development.Recovering municipal solid waste, Pirelli Ambiente produces HQ-SRF, a quality fuel derived from waste developed and patented by the company with the help of Pirelli Labs.Through Solar Utility SpA, Pirelli Ambiente produces electricity from photovoltaic systems, providing 100% green energy to the end customer.Pirelli Ambiente Site Remediation offers solutions for environmental issues and energy management through energy audits and consulting on design of systems for energy savings.

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Istituto Europeo di Oncologia Srl is a holding company, which operates oncology hospitals. It offers healthcare services, basic and translational cancer research, and PhD and post doctoral programs in molecular medicine. The company was founded by Umberto Veronesi on May 30, 1994 and is headquartered in Milan, Italy.

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