Brembo S p A : THIRD QUARTER REPORT 2022

CONTENTS

Company Officers	3
Summary of Group Results	5
CONSOLIDATED FINANCIAL STATEMENTS
Consolidated Statement of Financial Position	8
Consolidated Statement of Income	9
Consolidated Statement of Comprehensive Income	9
Consolidated Statement of Cash Flows	10
Consolidated Net Financial Debt	10
Consolidated Statement of Changes in Equity	11
EXPLANATORY NOTES TO THE FINANCIAL STATEMENTS
Accounting Standards and Basis of Preparation	12
Consolidation Area	12
Notes on the Most Significant Changes in Items of the Consolidated Financial Statements	13
Sales Breakdown by Geographical Area and Application	15
Foreseeable Evolution	16
DIRECTORS' REPORT ON OPERATIONS AND SIGNIFICANT EVENTS
Macroeconomic Context	17
Currency Markets	19
Operating Structure and Reference Markets	21
Impacts of the Covid-19 pandemic on the Interim Report at 30 September 2022	23
Russia-Ukraine Conflict	23
Significant Events During the Reporting Period	24
Opt-out from the Obligations to Publish Disclosure Documents	24
Buy-back and Sale of Own Shares	24
Significant Events After 30 September 2022	25
ATTESTATION OF THE MANAGER IN CHARGE OF THE COMPANY'S
FINANCIAL REPORTS	26

2

Company Officers

Chairman Emeritus (1)

Chairman EmeritusAlberto Bombassei

Board of Directors (2)

Executive Chairman	Matteo Tiraboschi
Chief Executive Officer	Daniele Schillaci
Directors	Valerio Battista (3) (8)
	Cristina Bombassei (4)
	Nicoletta Giadrossi (3) (5)
	Elisabetta Magistretti (3)
	Umberto Nicodano (6)
	Manuela Soffientini (3)
	Elizabeth M. Robinson (3)
	Gianfelice Rocca (3)
	Roberto Vavassori (7)

Board of Statutory Auditors (9)

Chairwoman	Raffaella Pagani (5)
Acting Auditors	Mario Tagliaferri
	Stefania Serina (10)
Alternate Auditors	Myriam Amato (5)
Independent Auditors	Deloitte & Touche S.p.A. (11)
Manager in Charge of
the Company's Financial Reports	Andrea Pazzi (12)
Committees
Audit, Risk & Sustainability Committee (13)	Elisabetta Magistretti (Chairwoman)
	Nicoletta Giadrossi
	Manuela Soffientini
Remuneration & Appointments Committee	Nicoletta Giadrossi (Chairwoman)
	Elizabeth M. Robinson
	Manuela Soffientini
Supervisory Committee	Giovanni Canavotto (Chairman) (14)
	Elisabetta Magistretti
	Matteo Tradii (15)

3

1. Appointed for an indefinite period.
2. In office until the Shareholders' Meeting called to approve the Financial Statements for the year ending 31 December 2022.
3. Non-Executiveand Independent Directors.
4. The Director also holds the position of Executive Director in charge of the Internal Control and Risk Management System, as well as of Chief CSR Officer.
5. Director/Statutory Auditor elected from a minority list.
6. Non-executiveDirector.
7. Executive Director.
8. This Director also holds the position of Lead Independent Director.
9. In office until the Shareholders' Meeting called to approve the Financial Statements for the year ending 31 December 2022. This Board holds the role of the Internal Control & Audit Committee pursuant to Article 19 of Legislative Decree No. 39/2010.
10. Alternate Auditor with effect from 29 April 2022, appointed following resignation of Acting Auditor P. Tagliavini, in compliance with the law and the By-laws.
11. Appointed by the Shareholders' Meeting of 22 April 2021 for the years from 2022 to 2030.

12) The appointment remains valid until the expiry of the current Board of Directors' term of office, i.e., until the General Shareholders' Meeting approving the Financial Statements for the year ending 31 December 2022.

1. This Committee also acts as the Related Party Transactions Committee.
2. External Advisor.
3. Chief Internal Audit Officer.

Brembo S.p.A.

Registered offices: CURNO (BG) - Via Brembo 25

Share capital: €34,727,914.00 - Bergamo Register of Companies

Tax code and VAT Code No. 00222620163

4

Summary of Group Results

ECONOMIC RESULTS (euro million)	30.09.2018	30.09.2019	30.09.2020	30.09.2021	30.09.2022	% 2022/2021
Revenue from contract with customers	1,999.7	1,971.0	1,559.9	2,041.8	2,728.2	33.6%
Gross operating income	380.0	394.0	267.1	381.7	482.3	26.4%
% of revenue from contract with customer	19.0%	20.0%	17.1%	18.7%	17.7%
Net operating income	266.8	249.2	110.6	224.1	303.1	35.3%
% of revenue from contract with customer	13.3%	12.6%	7.1%	11.0%	11.1%
Result before taxes	256.4	237.1	92.5	223.5	312.4	39.8%
% of revenue from contract with customer	12.8%	12.0%	5.9%	10.9%	11.4%
Net result for the period	197.2	176.1	71.7	168.7	234.8	39.2%
% of revenue from contract with customer	9.9%	8.9%	4.6%	8.3%	8.6%

5