1. Michelin

2. 1. Content
• Michelin ?
• Products and services
• Management team
• Financial results
• Sales
• Operating income
• Net sales per segment
• Operating income per segment
• Rating (S&P)
• Conclusion
• Sources

3. 2. Michelin ?
Products and services offered by Michelin
• Tires
• Michelin Guide France
• Lifestyle products
• Maps and guides

4. Management team
• Michel Rollier
• Jean-Dominique Senard

5. 3. Financial results

6. Sales
Tonnages sold
20719
20000
17891
16000
12000
2010
2011
8000
4000
0
Net sales

8. Comparing 2010 - 2011
1945
In € millions
1800 1695 1711
1462
1500
1200 1049
1100
900 2010
2011
600
300
0
Operating Net Income Investments
Income

10. Net sales per segment (2010 – 2011)
Tonnages sold
24000
20719
20000
17891
16000
12000 10780
9790 2010
2011
8000 6718
5680
4000 3221
2421
0
Passenger car and light truck tires tires Specialty business
Truck Group Michelin

11. Operating income per segment (2010 – 2011)
Tonnages sold
2400
2000 1945
1695
1600
1200 1014 1018
800 694
2010
432
2011
400 249 233
0
Passenger car Truck tires Specialty Group Michelin
and light truck business
tires

12. Standard and poor’s upgrade
BBB
BBB +

13. 4. Conclusion

14. 5. Sources
• http://www.michelin.com/corporate/finance/documents
• http://www.michelin.com/corporate/products
• http://www.michelin.com/corporate/EN/finance/results-
ratios
• http://www.michelin.com/corporate/EN/finance/facts-figures
• http://www.michelin.com/corporate/EN/group

15. Thanks for your attention
Davy Sergeant
2 BAF 3