D'Ieteren is a Belgian company founded in 1805 that operates in three business activities: automobile distribution, short-term car rental, and vehicle glass. It has a history of over 200 years in the vehicle industry and is majority owned by seven generations of the same family shareholders, providing stability. The company has opportunities for growth through its unique business model combining these three complementary divisions that allow it to capitalize on positive market evolutions such as increasing vehicle demand in developing markets in the medium term and greater efficiency gains in the short term.

1. D‘Ieteren

2. D‘Ieteren History of the company 1805D‘Ieteren is founded by master coachbuilder Joseph-Jean D‘Ieteren 1999Third business activity added to D‘Ieteren by the acquisition of Belron 1989D‘Ieteren becomes Avis Europe‘s majority shareholder 1948D‘Ieteren signs import contract for Volkswagen Group vehicles in Belgium

4. Automobile distribution

5. Short term car rentalBelgium

6. Why invest in D’Ieteren? Fundamental analysis of the D’Ieteren company

7. D‘Ieteren SCENE Why invest in D’Ieteren? 1 Outstanding corporate governance 2 Positive market evolutions 3 Growth possibilities Slide Show presentation

8. D‘Ieteren What makes the governance so outstanding? Arrow Process Why use graphics from PowerPointing.com? It’s all about vehicles 7 generations of family shareholders 3 divisions thatfit like a puzzle Customer satisfaction UNIQUE BUSINESS MODEL FAMILY SHAREHOLDERS TRADITION STABILITY RESULTS 204 years of experience in the vehicle industry CEO Jean-Pierre Bizet

10. Impact of declining new car market

11. Supply deficit for small models

12. Cost reduction & tight capital control

13. + 38,5 % (150.4 million euros)

15. Declining markets

16. Good strategic positioning

17. Meticulous recession plan execution

18. + 11,7 % (214.4 million euros)

19. Reduction of net debts 3 activities