Financial Overview

(in CHF million)

	FY ended Dec. 31, 2012	FY ended Dec. 31, 2011	Rate of change (%)	Factors
Overall
Sales	1,907.7	1,682.4	13.4	1)
EBITDA	144.6	104.2	38.8	-

Factors
1) Overall
-In 2012, the Company raised its net sales in the reporting year by 13.4% to 1,907.7 million CHF (previous year 1,682.4 million CHF), as global light vehicle production grew by 6.1% to 81.5 million vehicles..

Partnerships

-On August 27, 2012, with an eye to developing a new technology for the automotive interior systems with upgraded soundproof functions for next-generation vehicles, Toyota Boshoku Corporation announced it had signed a memorandum of understanding at the end of July with a Switzerland-based Autoneum and Nihon Tokushu Toryo to establish collaborative relations. The tie-up, which is the first for Toyota Boshoku to work together with partners outside of the Toyota group, is purported to develop technology to improve soundproof performance, primarily of electrified vehicles, because the cabin is prone to a lot of noise from the road, wind and electric motor, and driving comfort could be damaged, while running on battery. Therefore, a higher degree of noise reduction performance inside the cabin will be considered necessary in the future. The three partners are vowing together to provide a comfortable and quiet cabin space for future vehicles. (From an article in the Nikkan Jidosha Shimbun on August 28, 2012)

R&D Expenditure

(in CHF million)

	FY ended Dec. 31, 2012	FY ended Dec. 31, 2011	FY ended Dec. 31, 2010
Overall	66	58	66

-The focus in 2011 and 2012 was the development of acoustic solutions, underbody components and carpets for new models and customer specific requests from automobile manufactures in Europe, America and Asia.

R&D Structure

-The Company has about 400 R&D employees group-wide.

Switzerland	Winterthur (HQ)	-Acoustics Center -Research and Technology Center
	Sevelen	-Development Center
France	Aubergenville	-Acoustics Center -Development Center
Germany	Rossdorf-Gundernhausen	-Acoustics Center
Italy	Desio	-Acoustics Center for Trucks -Development Center for Truck
	Leini	-Development Center
	Santhia	-Acoustics Center
USA	Fmarmington Hills, Michigan	-Acoustics Center -Development Center
	Chicago Heights, Illinois	-Development Center
Brazil	Sao Bernardo do Campo	-Acoustics Center -Development Center
China	Shanghai	-Acoustics Center -Development Center
Japan	Kita-ku, Tokyo (Nittoku)	-Acoustics Center
	Shizuoka (Nittoku)	-Acoustics Center

Capital Expenditure

(in CHF million)

	FY ended Dec. 31, 2012	FY ended Dec. 31, 2011	FY ended Dec. 31, 2010
Overall	75.3	75.3	72.4