Financial
highlights

THOUSAND EURO

CONSOLIDATED FIGURES
2010
2011
2011-2010
2012
2011-2012
TAMI 2012-2010
Net turnover
1,688,957
1,804,111
6.8%
2,041,266
13.1%
9.9%
EBITDA
267,479
273,106
2.1%
299,576
9.7%
5.8%
EBIT
211,573
224,022
5.9%
242,295
8.2%
7.0%
Operating profit
200,023
219,074
9.5%
253,393
15.7%
12.6%
Consolidated earnings (Continuing operations)
128,972
151,643
17.6%
158,451
4.5%
10.8%
Net earnings on discontinued operations
259,970
0
0
(100.0%)
Net profit
388,797
151,542
(61.0%)
158,592
4.7%
(36.1%)
Average current assets
237,222
252,916
(6.6%)
337,378
(33.4%)
Capital employed
995,309
1,007,686
(1.2%)
1,212,424
(20.3%)
ROCE (1)
21.3
22.2
20.0
Capex
69,617
66,596
(4.3%)
52,930
(20.5%)
Average headcount
4,850
4,920
(1.4%)
4,884
(0.7%)

(1) Operating income CAGR last 12 months / (intangible assets - property,
plant & equipment - current assets)




STOCK MARKET HIGHLIGHTS
2010
2011
2011-2010
2012
2012-2011
Number of shares
153,865,392
153,865,392
0.0%
153,865,392
0.0%
Market capitalisation at year-end
2,435,689
2,207,968
(9.3%)
2,307,981
4.5%
EPS
2.53
0.98
(61.0%)
1.03
4.7%
Dividend per share
0.70
0.87
24.3%
0.63
(27.6%)
Theoretical book value per share
10.35
10.32
(0.3%)
11.00
6.6%



31-12-10
31-12-11
2011-2010
2012
2012-2011
Equity
1,592,743
1,587,298
(0.3%)
1,692,209
6.6%
Net Debt
17,600
390,073
(2116.3%)
244,804
37.2%
Average Debt
378,336
139,157
294,114
Leverage (2)
0.24
0.09
0.17
Total Assets
2,885,030
2,710,608
(6.0%)
2,719,717
0.3%

(2) Ratio of average net financial debt with cost to equity (excluding minority interests)




RICE BUSINESS
2010
2011
2011-2010
2012
2011-2012
TAMI 2012-2010
Net turnover
811,558
920,752
13.5%
1,105,738
20.1%
16.7%
EBITDA
123,263
135,953
10.3%
161,035
18.4%
14.3%
EBIT
99,019
113,698
14.8%
133,927
17.8%
16.3%
Operating profit
103,024
103,056
0.0%
130,021
26.2%
12.3%
 
 
 
 
 
 
 
Average current assets
181,782
231,686
(27.5%)
298,822
(29.0%)
 
Capital employed
506,347
582,158
(15.0%)
729,081
(25.2%)
 
ROCE
19.6
18.8
 
 18.4
 
Capex
37,855
26,950
(28.8%)
19,105
(29.1%)
 



PASTA BUSINESS
2010
2011
2011-2010
2012
2011-2012
TAMI 2012-2010
Net turnover
916,101
928,297
1.3%
982,226
5.8%
3.5%
EBITDA
160,484
144,457
(10.0%)
145,370
0.6%
(4.8%)
EBIT
133,741
119,064
(11.0%)
116,634
(2.0%)
(6.6%)
Operating profit
122,806
107,798
(12.2%)
108,002
0.2%
(6.2%)
 
 
 
 
 
 
 
Average current assets
60,427
69,173
(1.5%)
90,115
(30.3%)
 
Capital employed
442,061
456,917
(3.4%)
520,880
(14.0%)
 
ROCE
30.3
26.1
 
 22.4
 
Capex
32,652
38,095
16.7%
33,574
(11.9%)