Ferrari: 2020 results exceeded full year guidance on all metrics driven by record fourth quarter results. 2021 guidance targeting a strong rebound

• Total shipments of 9,119 units, down 10.0% versus prior year, in line with H2 production planning after the seven-week production suspension due to the Covid-19 pandemic
• Net revenues of Euro 3,460 million, decreased by 8.1%
• EBITDA⁽¹⁾ of Euro 1,143 million, down 10.0% versus prior year, with an EBITDA margin of 33.0%
• EBIT of Euro 716 million, down 21.9% versus prior year, with an EBIT margin of 20.7%
• Adjusted net profit⁽¹⁾⁽²⁾ of Euro 534 million and Adjusted diluted EPS⁽¹⁾⁽²⁾ at Euro 88
• Positive Industrial free cash flow⁽¹⁾ generation of Euro 172 million

2021 Guidance subject to trading conditions unaffected by further Covid-19 pandemic restrictions:

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SOURCE: Ferrari