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Investor Presentation 31.05.2013

Investor Presentation 31.05.2013. B&C Speakers is. ... one of the largest and most prestigious electroacoustic transducer (1) manufacturers in the world; designing, developing and manufacturing only for the high-end professional audio market under its own ‘B&C Speakers’ brandname.

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Investor Presentation 31.05.2013

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  1. Investor Presentation 31.05.2013

  2. B&C Speakers is... ... one of the largest and most prestigious electroacoustic transducer(1) manufacturers in the world; designing, developing and manufacturing only for the high-end professional audio market under its own ‘B&C Speakers’ brandname. Low-frequency Drivers Low-frequency Nd Drivers Company’s product mix includes low-frequency drivers, high-frequency drivers, tweeters, coaxials and horns. High-frequency Drivers (1) An electroacustic transducer is a device that converts electrical energy into acoustic (sound). It is the principal component of a speaker used for the reproduction of music, and is commonly known as ‘loudspeaker’. Horns Coaxials

  3. BUSINESSOVERVIEW 1Q2013 RESULTS 2013 GUIDANCE STOCK DATA & SHAREHOLDING STRUCTURE 2 3 4 1

  4. Made in Italy ... B&C manufactures all its products in its state-of-art production facility located in Bagno a Ripoli (Firenze) that was built in 2009. This 10,500 m2 production facility merged previously-separate production units into one single building, increasing assembly capacity and incorporating a higher level of automation. In addition, the Company runs its operations from its head-office building situated over a 3,000 m2 land very close to the production facility. B&C has always focused greatly on quality control, which provided the company with the international reputation of providing leading edge products of the highest quality. 10% of B&C’s workforce (of 100 employees) is dedicated to Research & Development. B&C has sales and distribution centers in USA and Brazil: two important markets for its products.

  5. B&C Speakers Produces Solely for… Its clients are professional audio system producers like Bose, Yamaha, Martin Audio, Nexo, D&B Audiotechnic, QSC Audio, L-Acoustics, Yorkville Sound, Turbosound... etc. Around 2/3 of the Company sales are custom-made products sold directly to these OEMs (Original Equipment Manufacturers), whereas the remaining part are catalog products sold via a wide distributor network with representation in over 70 countries around the world. Audio Market ... the professional audio market. Automotive MusicalInstruments Pro Audio Home Guitar Touring 1° Installation Hi-Fi Contractor Portable Fixed Installations After Market H.T. P.A. Focus Market for B&C Speakers is estimated to be as big as €200mn(1) B&C Speakers is the largest player in its focus market with a 15% market share. (1) B&C Speakers estimates for 2011.

  6. Revenue Evolution B&C reached record-high revenues in FY2012 (€mn) Economic Crisis Growth (CAGR of 9,8% b/w ‘96 and 2012)

  7. 1Q2013 RESULTS BUSINESS OVERVIEW STOCK DATA & SHAREHOLDING STRUCTURE 2013 GUIDANCE 1 3 4 2

  8. 1Q2013 Summary P&L– Consolidated 1Q2013 consolidated revenues are up by 19% YoY, despite an 5% decrease in selling prices. Also EBITDA MARGIN has increased from 19% of 1Q2012 to 23% of 1Q2013 (+42%).

  9. 1Q2013 Summary B/S B&C Speakers has a positive Net Cash position of €1,98 mn by the end of March 2013.

  10. 2013 GUIDANCE BUSINESS OVERVIEW FY2012 RESULTS STOCK DATA & SHAREHOLDING STRUCTURE 1 2 4 3

  11. 2013 guidance • B&C Speakers budgeted total revenues of €33.5 million for 2013, with a year-over-year increase of around 10%. • The value of the Company’s order portfolio at the end of March 2013 is over €10.25 million, a record level in company’s history (+43% compared with 1Q2012). • The cost of neodymium, a major raw material for B&C Speakers, has decreased sharply during the second half of 2012,  and is now approaching pre-bubble values. This price decrease is significant for the industry, and especially for B&C Speakers, who is a leader in the production of the most advanced transducers. We do not see any tension on raw material prices and we target to maintain the same rate of profitability.

  12. STOCK DATA & SHAREHOLDING STRUCTURE BUSINESS OVERVIEW 1Q2013 RESULTS 2013 GUIDANCE 1 2 3 4

  13. Stock Data & Shareholding Structure

  14. Safe Harbor Statement Certain statements in this slide show, including those addressing the Company’s beliefs, plans, objectives, estimates or expectations of possible future results or events, are forward-looking statements. They are based on the assumptions, beliefs and expectations of our management team as of the date this slide show was prepared. Forward-looking statements involve known or unknown risks, including general economic and business conditions, and conditions in the industry we operate. Forward-looking statements may also be affected if our assumptions turn out to be inaccurate. Consequently, no forward-looking statement can be guaranteed and actual future results, performance, or achievements may vary materially from those expressed or implied by such forward-looking statements. For additional information concerning other factors that may affect the Company’s current and future business, results of operations and financial condition, we suggest you review the Company’s filings with Borsa Italiana. The Company undertakes no obligation to update the forward-looking statements to reflect events or circumstances that may arise after the date hereof.

  15. THANK YOU Document prepared with the collaboration of

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