1. ASOCIACIÓN DE FÁBRICAS ARGENTINAS DE COMPONENTES INVESTMENT IN AUTOPARTS IN ARGENTINA June 2011 Viamonte 1167, 2do. piso. Buenos Aires, ARGENTINA Tel. +54 11 4375-0516 Fax +54 11 4814-3434 E-mail: [email_address] www.afac.org.ar

2. LEADING INDICATORS Source: AFAC.

3. THE SLOPE OF THE PRODUCTION FROM 2008-2009 WAS THE HIGHEST RECORDED AFTER A CRISIS Fuente: ABECEB.COM. 2010 716.540 Monthly and annualized production. Units Vs 2009: +39,7% vs 2008: +20,0% Monthly production (Ieft) Annual production (right) Polinomic monthly Production (left)

4. VEHICLE PRODUCTION IN 2010 WAS ALSO A RECORD FOR MOST OF THE AUTOMOTIVE COMPANIES Fuente: ABECEB.COM Vehicle production by makers. Units Car segment A, B 48,7% Pick Ups 29,2% Car segment D, E 11,7% Commercials 7,1% Others 3,4% Less than 4 ayears77,4% More than 4 years 22,6% Share of production of vehicles by maker, segment and age

5. 2011 GROWTH PROSPECTS 17,3% VS 2010 Source: ABECEB.COM Vehicle production. Units 4M2011 vs 4M2010 +27,8% Contributions to the estimated growth in 2011 by company ( %) 2011 864.600 (+20,7%) Increased production prospects are based on the expected demand pull and the major launching of new models : This year, Fiat has announced the second shift of production, jumping from 400 cars per day to 650. Mercedes Benz will also beguin a second shift of production from August (Sprinter , bus chassis and the new truck.) PSA began in March the production of 408 and Renault will go into full production regime of Fluence and will add a new production shift this year. Volkswagen Pick-up will also come into full production in 2011 an exports will increase by 77% between 2011 and 2012. In March Honda began production of the City model in its plant in Campana .

6. Production recovers from the crisis in 2009 using idle capacity, optimizing working shifts and increasing productivity . INSTALLED CAPACITY 54% 58% 50% 67% 69% 75% 80% Installed capacity in the automotive industry. Industry and companies. % Last year, that process began to show signs of exhaustion and some makers announced by the end of the year the addition of new production shifts (Fiat , Renault). In 2011 it becomes necessary to increase the installed capacity, especially in some companies (Toyota, GM ) Installed capacity Production

8. Source of growth by segment, brand and model (in % 4m2011-4m2010) New models: Fiat Uno 2010 Chevrolet Montana Ford Fiesta Kinetic Chery QQ Renault Fluence Renault Megane III Peugeot 408 Audi A1 Chevrolet Cruze Citroën DS3 Nissan Sentra Ford Transit Gama Baja Gama Media Com. Liv. Monovol. SUV Resto Var. 4M2011 / 4M2010 62.887 units 71,1% of registrations 56% Of the growth Source: abeceb .com and ACARA REGISTRATIONS Segment C, D, E Segment B Lights Comm. MPV-C Suv Others

9. 1998 237.497 2003 108.158 2008 351.092 2010 447.953 -58,6% +256,9% 2009 322.495 Vs 2009: +38,9% Vs 2008: +27,6% Record sales in Brazil and Argentina increased participation in vehicles in that market vehicles joined with the recovery in other places to achieve a rise of almost 39% over 2009 and 27.6% over the previous maximum 2008 1999 98.362 -8,1% EXPORT OF VEHICLES MONTHLY AND ANNUALIZED. UNITS Monthly Exports (left) Annualized exports (right) Polinomic monthly exports (left)

10. AUTOMOTIVE PRODUCTION DESTINATION. 2010 Brazil growth quantitatively 62% 38% 48% 52% 72% 28% 83% 17% 53% 47% 56% 44% 70% 30% 70% 30% 15% 85% 127.818 126.968 96.454 96.059 91.222 87.072 70.032 16.461 4.453 Quantity of exported models and accumulated concentration of the exports . % There are also a concentration in exported models The number of destinations to which vehicles are sent in 2010 are hightly concentrated compared with 2008 Export destination Export Domestic market Destinations Important destinations (> 1000 units) 71% 88% 85% 29% 12% 15%

11. MAIN DESTINATION OF EXPORTS OF VEHICLES. 2010. (Units) More than 1.000 units. 2010) . Units. Among the countries for which Argentina has been gaining share in recent years, highlights the growth of Germany (almost exclusively by Amarok), Venezuela (who returned to demandvehicles, but not yet solved the problem of access to foreign exchange) Paraguay and Peru. This group grew by 211.7% in 2010 compared to 2009 On the other hand , it also important the growth in Chile and Ecuador in 2010, but in a context where the participation of Argentina as a suppler is in decline in recent years This is due mainly, to the trade agreements between the Andean countries with East Asian countries. In the first four months of 2011 exports totaled 142,773 units(+32,4 %). The fall in the graph corresponds to the normal seasonality of the series. Monthly vehicles exports

12. FOREIGN TRADE OF THE AUTOMOTIVE INDUSTRY SOURCE: ABECEB.COM Foreign trade of the automotive industry. Vehícles and parts. Millons US$ Trade balance of the industry. Vehicles and parts . Millons US$ Imports grew due to strong demand for vehicles, but mainly by the demand for auto parts In fact, the sector's trade deficit can be explained solely by the balance in auto parts - 6.309 Balance Expo Impo

13. IMPORT AUTO PARTS IN AUGUST 2010 REACHED THE HISTORICAL RECORD Trade balance in parts. Millons US$ In August import of parts recorded the record: U.S. $ 883.9 MM Trade balance in auto parts, share of vehicles makers. Millones US$ -1.837,4 -1.297,6 -2.855,8 -3.724,1 60,6% 87,0% 73,9% 75,8% 64,6% -6.309 Trade balance Imports Exports Realizadas por terminales Realized by other companies And by vehivle makers indirectly Realized by vehicle makers

14. TRADE BALANCE OF AUTO PARTS

15. RELATIONSHIP BETWEEN IMPORTS AND AUTO PARTS VEHICLE PRODUCTION Source: AFAC

16. AUTO PARTS EXPORTS BY DESTINATION COUNTRY

17. AUTOPARTS EXPORTS, by components Source: abeceb.com and INDEC

18. AUTO PARTS IMPORTS BY COUNTRY OF ORIGIN

19. AUTOPARTS IMPORTS, by components Source: abeceb.com and INDEC

20. GROWTH OF IMPORTS OF AUTO PARTS 2010 VS 2009 Source: AFAC, abeceb.com and INDEC

21. AUTO PARTS TRADE DEFICIT BY CATEGORY % Share % Transmission Interior equipment Electric equipment Engines Parts of engines Bodys and parts Wheels, pneumatics Brakes Buffers, steerings and suspentions Air conditioning systems, hesting and parts Other parts Plastic parts Forge and cast Rubber parts Metal parts

22. EXAMPLES OS INVESTMENT NEEDED AUTO PARTS Airbags and pyrotechnic pre-tensioning seat belts. Air conditioning compressor. "Green" tires Electronic Componentized (terminals, connectors). Flywheel. Braking system and its components Aluminum tubes of air conditioning. Command lights. Air conditioning Belts. Shafts. Adjustable steering column and collapsible. Hotkeys winder (micro switches). Precision Forging. ABS Instrument panel Clutches Power steering pump. Steering box. Locks. Set level and submerged fuel pump. Clutch discs. Foundry. Ignition key. Electric motors. Brake pads. Electronic sensors and dusk, rain, back. Engine injection system (pump, injectors, pipes, electronics). Door lock systems. Fuel tank cap. Hubcaps Tube filled fuel tank (plastic piece blown). Nylon fuel pipes trilayer

23. ARGENTINA: SCENARIOS FOR 2011 Proyected variables of the automotive industry in Argentina. Units

24. Vehicles production in Argentina. Medium term proyections. Units Vehicles production. Thousands units Monthly average in order to reach 864,6 thousands vehicles in 2011 70 mil u PROYECTION OF THE MAN VARIABLES OF THE AUTOMOTIVE INDUSTRY IN ARGENTINA

26. ASOCIACIÓN DE FÁBRICAS ARGENTINAS DE COMPONENTES Thank you! June, 2011 Viamonte 1167, 2do. piso. Buenos Aires, ARGENTINA Tel. +54 11 4375-0516 Fax +54 11 4814-3434 E-mail: [email_address] www.afac.org.ar