TIP has invested 1.7 billion Euro directly and through club deals in companies in Italy and abroad, with about one third of investments each in luxury/fashion, technology, and healthcare. TIP focuses on investing in Italian, French, and German luxury excellence and unique brands, and supports long-term equity stories. TIP has shown strong financial performance and is more dynamic than peer investment companies in its investment and divestment levels.

1. Cosmetic and luxury day
Paris, October, 14 2015
We should all feel nothing but shame
for the reputation that finance has
earned itself in the last few years, but if
you manage to pilot healthy capital from
successful businesses and assets of
families willing to invest them in
companies really willing to grow, you
are doing one of the most beneficial jobs
in the world.
@TamburiTip

2. Tip – numeri chiaveTIP
2
1,7 billion Euro invested, directly
& through club deals, in Italy and
abroad
today
Luxury / design / fashion: 34%
Technology: 32%
Healthcare and others: 34%
Percentage calculated on the intrinsic value of TIP investments

3. Tip – numeri chiave«Luxury exposure - Italy»
3
the most famous down jacket
a unique format of high end food retailer
Leader worldwide in architectural lighting systems

4. Tip – numeri chiave«Luxury exposure - Europe»
4
the largest chain worldwide of high-end design furniture products
the best known brand in men clothing

5. Tip – numeri chiave«Luxury exposure»
5
the largest yachts / mega yachts worldwide
builder

6. Tip – numeri chiave
6
Why luxury
1) Italian, french and German excellence,
uniqueness and real willingness to grow
2) Capability to accompany, in the long term,
fantastic equity stories after private
equity experiences (ex: azimut b| ddddd d|
dddd| )
3) Willingness to follow the Marzotto
family in their long term presence in Hugo
Boss, one of the best European long term
performances in the sector

7. Tip – numeri chiaveDynamism
7*Investment companies index: panel that includes Camfin, CIR, Mittel, Dea Capital, Exor, Intek / KME and Italmobiliare.
Average annual investments on non current assets of
the previous year (2011-2014)
Average annual divestment on non current assets of
the previous year (2011-2014)
*
*
0,0%
2,0%
4,0%
6,0%
8,0%
10,0%
12,0%
14,0%
16,0%
18,0%
20,0%
7,8%
19,8%
"Investment companies" index T.I.P.
0,0%
2,0%
4,0%
6,0%
8,0%
10,0%
12,0%
14,0%
16,0%
18,0%
20,0%
6,4%
11,7%
"Investment companies" index T.I.P.
T.I.P. is the most dynamic Italian listed holding company
TIddddddP
recent
divestments
x5~ x2,5~

8. Tip – numeri chiavePerformances
8
shares performance since listing
(Dec. 2013): +56,9%
shares performance, last 5 years:
+177,3%
shares performance, last 5 years:
+141,2%
Total return, last 5 years: +183,0%
 Stoxx Eur: +49,0%
 S&P Luxury: +54,7%
 DAX: +55,5%
 S&P 500: +67,5%
 FTSE Mib: +4,4%
 Stoxx Eur: +14,3%
 S&P Luxury: -11,8%
 FTSE Mib: +16,9%
Data as at September 30, 2015
5 years

9. Tip – numeri chiaveFuture
9
 Fei listing in a few days: intrinsic cost for
TIP of Ferrari shares (incorporated into
FCA shares and mandatory convertible
FCA bonds now ~70 million Euro) far
below the present estimates of the
Feimarket capitalization
 Eaty| Roche and iGuzzi likely to be listed
on European stock markets within
2017/2018
 Very interesting TIP and TIPO pipeline