Question below:

What does Ferrari gain from the IPO process?

1.581 V8 686 Exhibit 1 FERRARI: THE 2015 INITIAL PUBLIC OFFERING Ferrari Car Shipments Full Year First Half of Year 2012 2013 2014 2014 2015 By Model Type Sports Cars V8 4,274 3,944 3,651 2,077 V12 481 1,401 1,565 900 645 Total 4,755 5,345 5,216 2,977 2,226 GT Cars 1,589 1,219 1,645 454 1,280 V12 436 394 232 Total 2,650 1,655 2,039 691 1,468 By Geography Europe, Middle East and Africa United Kingdom 705 408 456 Germany 755 659 616 353 214 Switzerland 366 350 332 181 155 Italy 318 206 243 132 139 France 330 273 253 129 Middle East 423 472 521 232 185 Rest of EMEA 825 604 349 320 Total EMEA 3,703 3,309 3,274 1,793 1.598 Americas Americas 2,208 2,382 2,462 1,199 1,287 Asia Pacific Greater China 789 572 675 289 261 Rest of APAC 705 737 844 282 548 Total APAC 1,494 1,309 1,519 676 809 Total 7,405 7,000 7,255 3,668 3,694 Middle East includes the United Arab Emirates, Saudi Arabia, Bahrain, Lebanon, Catar, Oman and Kuwait Rest of EMEA includes Africa and the other European markets not separately identified Americas indudes the United States of America, Canada, Mexico, the Caribbean and Central and South America Greater China includes China, Hong Kong and Taiwan. Rest of APAC mainly includes Japan, Australia, Singapore, Indonesia and South Korea Source: Ferrari Prospectus 138 Exhibit 3 FERRARI: THE 2015 INITIAL PUBLIC OFFERING Ferrari Income Statement (millions of euro) First Half 2015 412 1,007 121 212 46 1,387 238 270 592 130 152 291 4 218 2012 2013 2014 Sales Cars and Spare Parts (1) 1,695 1,655 1,944 Engines (2) 77 188 311 Sponsorship, Commercial and Brand (3) 385 417 Other (4) 69 80 91 Total Sales 2,225 2,335 2,762 Cost of Sales excluding Dep and Amort 961 964 1,217 Depreciation & Amortization Expense 289 Selling, General, and Admin. Expense 243 260 300 Research & Development 431 479 541 Other Operating Expense 17 -2 26 Operating Income (EBIT) 335 364 389 Net Financial Income (Expense) 3 9 Profit before Tax 335 366 398 Income Tax Expense 101 120 133 Net Profit 233 246 265 Capital Expenditures 258 271 330 (1) Includes the net revenues generated from shipments of our cars, including any personalization revenue generated on these cars and sales of spare parts. in their cars, and the revenues generated from the rental of engines to other Formula 1 racing teams sponsorship agreements and our share of the Formula 1 World Championship commercial revenues and net revenues generated through the Ferrari brand, including merchandising, licensing and royalty income. (4) Primarily includes interest income generated by the Ferrari Financial Services group and net revenues from the management of the Mugello racetrack. Source: Company Prospectus -27 191 65 126 151 296 Exhibit 4 FERRARI: THE 2015 INITIAL PUBLIC OFFERING Ferrari Balance Sheet (millions of euro) 31-Dec-2013 31-Dec-2014 30-Jun-2015 Cash and cash equivalents 798 1,077 258 Trade receivables 206 184 154 Receivables from financing activitie: 863 1,224 1,181 Inventories 238 352 Other current assets 115 64 100 Total current assets 2,219 2,845 2,045 Investments and other financial assi 37 47 48 Deferred tax assets 42 112 149 Property, plant, and equipment 568 585 589 Intangible Assets (1) 242 265 283 Goodwill 787 787 787 Total assets 3,895 4,641 3,900 Trade payables 486 536 578 Current tax payables 104 110 182 Other current liabilities 475 774 836 Total current liabilities 1,065 1,420 1,595 Long-term debt 317 510 2,267 Other liabilities 197 233 239 Total equity 2,316 2,478 -201 Total liabilities and equity 3,895 4,641 3,900 (1) Costs incurred for car project development are recognized as as asset following the conditions of IAS38. Capitalized development costs are amortized on a straight-line basis over the estimated life of the model (generally 4 to 8 years). Source: Company Prospectus Exhibit 5 FERRARI: THE 2015 INITIAL PUBLIC OFFERING FCA Car Shipments by Brand (000s of units) 2013 2014 Mass-Market Vehicle Brands NAFTA (U.S., Canada, Mexico) 2,100 2,500 LATAM (Latin America) 900 800 APAC (Asia Pacific) 200 300 EMEA (Europe, Middle East, Africa) 1,100 1,200 Total 4,300 4,800 Maserati 20 40 Ferrari 7 7 Mass-market Brands: Abarth Alfa Romeo, Chrysler, Dodge, Fiat, Fiat Professional, Jeep, Lancia, and Ram. Source: FCA Annual Report Exhibit 6 FERRARI: THE 2015 INITIAL PUBLIC OFFERING Data for Comparable Companies in millions of euros) Total Capital Projected Market Value Total Revenue Expend EBITDA Growth Rate of Equity Debt Cash Auto Manufacturers BMW 80,401 6,099 16,426 6.15 56,562 77,506 7.688 Daimler 129,872 6,307 18,514 6.9% 77,906 86,689 15,543 Fiat Chrysler 96,090 8,121 8,271 18,657 33,724 23,601 Ford Motor 108,619 5.626 8.537 10.1% 52.925 98,484 25,743 General Motors 117,554 8.946 6.674 46,554 38,710 24,391 Honda Motor 96,196 6,374 12,730 6.9% 51,128 52.483 11,427 Hyundai Motor 63,924 3,385 7,233 6.8% 33,631 40,802 19,547 Kia Motors 33,730 1.446 2.800 1.6% 16.977 3,535 S.S02 Nissan Motor 82,101 11,432 10.879 40,013 51,796 6.698 Peugeot 53,607 2,428 3.318 7.0% 12,230 21,914 10,521 Renault 41,055 2,703 3.967 8.95 23.096 36,299 14,049 Tata Motors 33.811 4,100 5.647 5.5% 16,701 10.952 7,125 Tesla Motors 2,411 731 9 949% 26.400 2.051 1.590 Toyota Motor 196,622 24,233 30,260 3.2% 186,069 147,34440,497 Volkswagen 202,458 16,613 3.5% 52,916 139,021 34,143 Luxury Brands Burberry Group 3.221 199 745 2.6% 7.691 90 365 Cie Financiere 10,410 708 2.902 3.15 38,986 8,553 Hermes International 4119 279 1.478 35,297 1,481 LVMH Moet Hennessy 30,638 1,848 7,027 2.15 80,731 9.243 4,648 3,552 362 1.9% 8,772 519 720 Tiffany & Co. 3,248 189 819 9.125 989 648 Figures as of end of 2014, excest Equity Value which is as of October 2015. Projected growth rate is equal to the 5 year compound annual growth rate of Operating profits from 2014 actuals to 2019 forecast. Source: FactSet; The projected growth rate is obtained based on the Value Line Investment Survey (August-October 2015) and Case writer estimates. 23.048 3,093 Prada 2015 7.0% 5.0% 3.0% 3.0% 13.0% 10.0% 25.0% 2.0 3.2 34% 2016 5.0% 5.0% 3.0% 6.0% 13.5% 10.0% 27.0% 2.1 3.3 34% 2017 4.0% 5.0% 3.0% 6.0% 14.0% 10.0% 28.0% 2.2 3.5 34% 2018 4.0% 5.0% 3.0% 6.0% 14.0% 10.0% 30.0% 2.2 3.7 34% 2019 3.0% 5.0% 3.0% 6.0% 14.0% 10.0% 30.0% 2.2 3.8 34% Exhibit 8 FERRARI: THE 2015 INITIAL PUBLIC OFFERING Ferrari Forecast (Millions of Euro, except as noted) Assumptions 2014 Growth in Cars Shipped 3.6% Growth in Revenue/Car Growth in Engine Revenue Growth in Other Revenue Operating Margin - Cars 12.5% Operating Margin-Engines 9.1% Operating Margin - All Other Revenue 24.9% Net Working Capital Turnover 1.9 Net Fixed Asset Turnover 3.2 Deprec&Amort/PPE 34% Financial Forecast Car Shipments (000s) 7.26 Avg Revenue per Car (Euro 000s) 268 Car Revenue 1,944 Engine Revenue 311 All other Revenue 507 Total Revenue 2,762 Operating Profit-Cars 243 Operating Profit-Engines 28 Operating Profit-All Other Revenue 126 Total Operating Profit 398 Net Working Capital 1,425 Net PP&E and Intangible Assets 851 Depreciation & Amortization 289 Total Revenue Growth 18% EBITDA Margin 25% Source: Case Writer Estimates 7.76 281 2,184 320 523 3,027 284 32 131 447 1,513 932 317 10% 25% 8.15 295 2,408 330 554 3,292 325 33 150 508 1,568 998 339 9% 26% 8.48 310 2,629 340 587 3,556 368 34 164 567 1,617 1,016 345 8% 26% 8.82 326 2,871 350 623 3,844 402 35 187 624 1,747 1,039 353 8% 25% 9.08 342 3,105 361 660 4,126 435 36 198 669 1,875 1,086 369 7% 25% Exhibit 9 FERRARI: THE 2015 INITIAL PUBLIC OFFERING Capital Markets Data - October 19, 2015 Government Bond Yields (Italy) 1 year 0.23% 10 year 1.70% Corporate Bonds Euro AAA 1.91% AA 1.99% 2.30% BBB 3.43% BB B 6.79% Exchange Rate USD/Euro 1.1375 Source: ADB Analisi Data Borsi, Merrill Lynch, Case Writer Estimates 4.98% Enterprise Value / EBITDA (Enterprise Value-Cash) / EBITDA 8.2 8.9 6.3 17.7 12.8 8.1 10.3 7.3 8.4 10.3 13% 7.7 8.1 3.5 14.7 9.1 7.2 7.6 5.4 7.8 7.1 11.4 3.6 3,114.0 9.7 6.8 7.7 6.2% 7.0% Analysis 1: Market Multiples for comparable Companies EBITDA Margin Projected Growth Rate Auto Manufacturers BMW 20% 6.1% Daimler 14% 6.9% Fiat Chrysler 9% 4.6% Ford Motor 8% 10.1% General Motors 6% 4.5% Honda Motor 6.9% Hyundai Motor 11% 6.8% Kia Motors 8% 1.6% Nissan Motor 13% Peugeot 6% Renault 10% 8.9% Tata Motors 17% 5.5% Tesla Motors 0% 94.9% Toyota Motor 15% 3.2% Volkswagen 11% 3.5% Median 11% 6.2% Luxury Brands Burberry Group 23% 2.6% Cie Financiere Richemont 28% 3.1% Hermes International 36% 6.8% LVMH Moet Hennessy 23% 2.1% Prada 27% 1.9% Tiffany & Co. 25% 4.7% Median 26% 2.9% 15.0 4.9 3,298.3 11.0 8.3 8.9 10.4 9.3 14.5 11.6 23.9 22.9 12.8 9.7 12.4 12.6 12.1 9.0 11.6 11.6 Implied Share Price (USD) Analysis 2: Multiples-based Valuation for Ferrari 2014 EBITDA 687 Debt 2,300 Shares 189 USD/EUR Exchange Rate 1.138 EBITDA Multiple Implied EnterpriseValue (EUR) Trading Multiples Median of all auto comps 8.9 6,104 Avg of select auto comps* 11.4 7,804 Median of all luxury comps 12.6 8,638 Avg of select luxury comps** 18.1 12,453 EBITDA 14x 14.0 9,613 Transaction Multiples Aston Martin 9.9 6,798 Fitbit 21.0 14,419 Poste Italiane 8.0 5,493 * Select Auto Comparables are BMW, Daimler, Ford, Honda, Hyundai, and Renault ** Select Luxury Comparables are Hermes and Tiffany 22.90 33.12 38.14 61.11 44.01 27.07 72.94 19.22 2020 2015 7.0% 5.0% 3.0% 3.0% 13.0% 10.0% 25.0% 2.0 3.2 34% 2016 5.0% 5.0% 3.0% 6.0% 13.5% 10.0% 27.0% 2.1 3.3 34% 2017 4.0% 5.0% 3.0% 6.0% 14.0% 10.0% 28.0% 22 3.5 34% 2018 4.0% 5.0% 3.0% 6.0% 14.0% 10.0% 30.0% 2.2 3.7 34% 2019 3.0% 5.0% 3.0% 6.0% 14.0% 10.0% 30.0% 2.2 3.8 34% 8.15 7.76 281 295 Analysis 3: Ferrari DCF Valuation (Millions of Euro) Assumptions 2014 Growth in Cars Shipped 3.6% Growth in Revenue/Car Growth in Engine Revenue Growth in Other Revenue Operating Margin - Cars 12.5% Operating Margin-Engines 9.1% Operating Margin - All Other Revenue 24.9% Net Working Capital Turnover 1.9 Net Fixed Asset Turnover 3.2 Deprec&Amort/P&PE 34% Financial Forecast Car Shipments (000s) 7.26 Avg Revenue per Car (EUR 000) 268 Car Revenue 1,944 Engine Revenue 311 All Other Revenue 507 Total Revenue 2,762 Operating Profit - Cars 243 Operating Profit - Engines 28 Operating Profit - All Other Revenue 126 Total Operating Profit 398 Net Working Capital 1,425 Net PP&E and Int. Assets 851 Dep & Amort 289 Valuation Tax Rate 38.0% Discount Rate 5.0% LT Growth Rate 2.0% 2014 Projected Profit/Growth Rate 11.0% NOPAT Change in P&PE Change in NWC Free Cash Flow PV of Planning Period 904 PV of Terminal Value 9.499 Implied Ent Value 10,402 Debt 2,300 Implied Equity Value 8,102 Shares (Pre-Money) 189 Implied Share Price in EUR 42.87 Implied Share Price in USD 48.76 Implied EBITDA Multiple 13.6 Sagasgas 2,184 320 523 3,027 284 32 131 447 1,513 932 317 2,408 330 554 3,292 325 33 150 SOS 1,568 998 339 8.48 310 2,629 340 587 3,556 368 34 164 567 1,617 1,016 345 8.82 326 2,871 350 623 3,844 402 35 187 624 1,747 1,039 353 9.08 342 3,105 361 660 4,126 435 36 198 669 1,875 1,086 369 682 1,913 1,107 2016 2017 ROC 2015 11% 11% 2018 14% 2019 14% 2020 14% 12% 13% 277 81 88 107 315 66 54 195 351 19 49 284 387 23 131 233 415 47 128 240 423 22 38 364 Perp Growth Term Value 12,123 Implied EBITDA multiple 11.7 FERRARI: THE 2015 INITIAL PUBLIC OFFERING Ferrari Share Price Performance $70.00 $60.00 $50.00 $40.00 man $30.00 $20.00 $10.00 Open $52.00 $60.00 $57.07 $57.77 $57.00 $54.80 $54.02 $51.87 $51.56 $50.86 $53.09 $52.96 $53.45 $52.20 $52.82 $53.70 $54.00 $54.33 $53.95 $51.95 $50.28 $49.39 $47.46 $47.87 $48.10 $46.00 $46.50 $45.59 $46.30 $46.50 $47.88 $47.44 $47.34 $48.65 $48.49 $0.00 20-Oct-15 20-Nov-15 20-Dec-15 20-Jan-16 20-Feb-16 20-Mar-16 20-Apr-16 20-May-16 20-Jun-16 20-Jul-16 20-Aug-16 20-Sep-16 20-Oct-16 20-Nov-16 20-Dec-16 20-Jan-17 20-Oct-15 21-Oct-15 22-Oct-15 23-Oct-15 26-Oct-15 27-Oct-15 28-Oct-15 29-Oct-15 30-Oct-15 2-Nov-15 3-Nov-15 4-Nov-15 5-Nov-15 6-Nov-15 9-Nov-15 10-Nov-15 11-Nov-15 12-Nov-15 13-Nov-15 16-Nov-15 17-Nov-15 18-Nov-15 19-Nov-15 20-Nov-15 23-Nov-15 24-Nov-15 25-Nov-15 27-Nov-15 30-Nov-15 1-Dec-15 2-Dec-15 3-Dec-15 4-Dec-15 7-Dec-15 8-Dec-15 9-Dec-15 10-Dec-15 11-Dec-15 14-Dec-15 15-Dec-15 16-Dec-15 17-Dec-15 18-Dec-15 21-Dec-15 22-Dec-15 23-Dec-15 24-Dec-15 28-Dec-15 29-Dec-15 30-Dec-15 31-Dec-15 Soure: Yahoo! Finance $47.44 $48.07 $48.01 $48.05 $46.93 $48.32 $48.65 $46.96 $46.25 $47.48 $47.04 $46.62 $47.29 $46.84 $47.93 $48.26 4-Jan-16 5-Jan-16 6-Jan-16 7-Jan-16 8-Jan-16 11-Jan-16 12-Jan-16 13-Jan-16 14-Jan-16 15-Jan-16 19-Jan-16 20-Jan-16 21-Jan-16 22-Jan-16 25-Jan-16 26-Jan-16 27-Jan-16 28-Jan-16 29-Jan-16 1-Feb-16 2-Feb-16 3-Feb-16 4-Feb-16 5-Feb-16 8-Feb-16 9-Feb-16 10-Feb-16 11-Feb-16 12-Feb-16 16-Feb-16 17-Feb-16 18-Feb-16 19-Feb-16 22-Feb-16 23-Feb-16 24-Feb-16 25-Feb-16 26-Feb-16 29-Feb-16 1-Mar-16 2-Mar-16 3-Mar-16 4-Mar-16 7-Mar-16 8-Mar-16 9-Mar-16 10-Mar-16 11-Mar-16 14-Mar-16 15-Mar-16 16-Mar-16 17-Mar-16 18-Mar-16 21-Mar-16 22-Mar-16 23-Mar-16 $47.29 $48.60 $47.75 $46.42 $46.60 $43.20 $43.95 $43.43 $42.47 $40.47 $40.69 $40.98 $40.28 $41.21 $41.47 $40.28 $41.31 $40.82 $39.48 $38.92 $39.84 $37.24 $36.25 $38.73 $37.04 $34.44 $35.03 $32.29 $32.34 $34.62 $36.38 $38.76 $37.90 $39.42 $39.25 $37.26 $38.21 $38.77 $38.49 $38.78 $39.07 $39.10 $39.24 $39.11 $41.93 $41.72 $41.98 $42.09 $42.57 $41.46 $41.11 $42.49 $42.73 $42.38 $41.64 $41.66 24-Mar-16 28-Mar-16 29-Mar-16 30-Mar-16 31-Mar-16 1-Apr-16 4-Apr-16 5-Apr-16 6-Apr-16 7-Apr-16 8-Apr-16 11-Apr-16 12-Apr-16 13-Apr-16 14-Apr-16 15-Apr-16 18-Apr-16 19-Apr-16 20-Apr-16 21-Apr-16 22-Apr-16 25-Apr-16 26-Apr-16 27-Apr-16 28-Apr-16 29-Apr-16 2-May-16 3-May-16 4-May-16 5-May-16 6-May-16 9-May-16 10-May-16 11-May-16 12-May-16 13-May-16 16-May-16 17-May-16 18-May-16 19-May-16 20-May-16 23-May-16 24-May-16 25-May-16 26-May-16 27-May-16 31-May-16 1-Jun-16 2-Jun-16 3-Jun-16 6-Jun-16 7-Jun-16 8-Jun-16 9-Jun-16 10-Jun-16 13-Jun-16 14-Jun-16 $40.23 $41.04 $40.87 $42.10 $41.59 $40.73 $41.24 $40.21 $40.19 $40.88 $41.26 $41.17 $41.24 $41.94 $42.06 $43.31 $43.83 $44.44 $44.66 $44.59 $43.50 $43.24 $43.74 $43.82 $44.06 $45.37 $46.50 $43.85 $44.13 $43.79 $43.04 $43.09 $43.18 $43.18 $43.53 $43.57 $43.73 $42.78 $42.12 $41.73 $41.20 $40.48 $40.94 $42.22 $42.11 $42.05 $42.39 $42.35 $42.71 $43.00 $42.65 $43.54 $43.98 $43.15 $42.15 $40.97 $40.95 15-Jun-16 16-Jun-16 17-Jun-16 20-Jun-16 21-Jun-16 22-Jun-16 23-Jun-16 24-Jun-16 27-Jun-16 28-Jun-16 29-Jun-16 30-Jun-16 1-Jul-16 5-Jul-16 6-Jul-16 7-Jul-16 8-Jul-16 11-Jul-16 12-Jul-16 13-Jul-16 14-Jul-16 15-Jul-16 18-Jul-16 19-Jul-16 20-Jul-16 21-Jul-16 22-Jul-16 25-Jul-16 26-Jul-16 27-Jul-16 28-Jul-16 29-Jul-16 1-Aug-16 2-Aug-16 3-Aug-16 4-Aug-16 5-Aug-16 8-Aug-16 9-Aug-16 10-Aug-16 11-Aug-16 12-Aug-16 15-Aug-16 16-Aug-16 17-Aug-16 18-Aug-16 19-Aug-16 22-Aug-16 23-Aug-16 24-Aug-16 25-Aug-16 26-Aug-16 29-Aug-16 30-Aug-16 31-Aug-16 1-Sep-16 2-Sep-16 $40.83 $40.57 $41.60 $43.42 $43.37 $43.11 $43.54 $40.67 $39.71 $40.02 $39.92 $40.38 $41.71 $40.93 $38.90 $39.80 $40.96 $42.34 $42.84 $42.70 $42.71 $42.54 $42.28 $41.81 $42.29 $42.26 $42.82 $43.18 $43.26 $44.81 $44.76 $45.05 $45.03 $45.60 $46.43 $46.71 $47.00 $47.39 $47.52 $47.93 $48.07 $48.36 $48.41 $47.88 $47.62 $48.06 $47.43 $47.76 $48.88 $48.50 $48.04 $48.35 $48.40 $48.39 $48.19 $48.27 $48.25 6-Sep-16 7-Sep-16 8-Sep-16 9-Sep-16 12-Sep-16 13-Sep-16 14-Sep-16 15-Sep-16 16-Sep-16 19-Sep-16 20-Sep-16 21-Sep-16 22-Sep-16 23-Sep-16 26-Sep-16 27-Sep-16 28-Sep-16 29-Sep-16 30-Sep-16 3-Oct-16 4-Oct-16 5-Oct-16 6-Oct-16 7-Oct-16 10-Oct-16 11-Oct-16 12-Oct-16 13-Oct-16 14-Oct-16 17-Oct-16 18-Oct-16 19-Oct-16 20-Oct-16 21-Oct-16 24-Oct-16 25-Oct-16 26-Oct-16 27-Oct-16 28-Oct-16 31-Oct-16 1-Nov-16 2-Nov-16 3-Nov-16 4-Nov-16 7-Nov-16 8-Nov-16 9-Nov-16 10-Nov-16 11-Nov-16 14-Nov-16 15-Nov-16 16-Nov-16 17-Nov-16 18-Nov-16 21-Nov-16 22-Nov-16 $48.25 $49.55 $49.10 $49.22 $47.36 $48.11 $47.52 $46.95 $46.55 $47.56 $47.49 $48.55 $50.43 $50.65 $50.22 $50.08 $50.65 $51.49 $51.42 $51.92 $52.55 $53.31 $53.29 $53.32 $54.18 $53.42 $53.10 $52.89 $52.85 $52.75 $52.73 $52.01 $52.48 $52.02 $52.83 $52.99 $52.79 $53.12 $52.63 $52.73 $53.09 $51.14 $50.97 $50.43 $53.52 $54.43 $53.99 $53.46 $53.38 $53.57 $52.78 $53.15 $53.23 $53.19 $53.20 $53.83 18-Nov-16 21-Nov-16 22-Nov-16 23-Nov-16 25-Nov-16 28-Nov-16 29-Nov-16 30-Nov-16 1-Dec-16 2-Dec-16 5-Dec-16 6-Dec-16 7-Dec-16 8-Dec-16 9-Dec-16 12-Dec-16 13-Dec-16 14-Dec-16 15-Dec-16 16-Dec-16 19-Dec-16 20-Dec-16 21-Dec-16 22-Dec-16 23-Dec-16 27-Dec-16 28-Dec-16 29-Dec-16 30-Dec-16 3-Jan-17 4-Jan-17 5-Jan-17 6-Jan-17 9-Jan-17 10-Jan-17 11-Jan-17 12-Jan-17 13-Jan-17 17-Jan-17 18-Jan-17 19-Jan-17 20-Jan-17 23-Jan-17 24-Jan-17 25-Jan-17 26-Jan-17 27-Jan-17 30-Jan-17 31-Jan-17 1-Feb-17 2-Feb-17 3-Feb-17 6-Feb-17 7-Feb-17 8-Feb-17 9-Feb-17 10-Feb-17 53.19 $53.20 $53.83 $53.14 $54.69 $54.00 $53.82 $54.94 $54.01 $54.20 $55.03 $55.07 $56.32 $56.66 $56.82 $57.07 $57.04 $58.00 $57.88 $58.10 $58.34 $58.13 $58.60 $58.52 $58.44 $58.41 $58.15 $58.16 $58.44 $59.16 $58.84 $59.44 $58.97 $57.77 $58.98 $59.00 $60.57 $60.10 $59.66 $60.00 $59.86 $60.31 $61.07 $62.46 $62.78 $61.94 $62.03 $60.92 $60.94 $62.50 $65.01 $65.49 $64.33 $64.47 $64.21 $65.20 $64.54 1.581 V8 686 Exhibit 1 FERRARI: THE 2015 INITIAL PUBLIC OFFERING Ferrari Car Shipments Full Year First Half of Year 2012 2013 2014 2014 2015 By Model Type Sports Cars V8 4,274 3,944 3,651 2,077 V12 481 1,401 1,565 900 645 Total 4,755 5,345 5,216 2,977 2,226 GT Cars 1,589 1,219 1,645 454 1,280 V12 436 394 232 Total 2,650 1,655 2,039 691 1,468 By Geography Europe, Middle East and Africa United Kingdom 705 408 456 Germany 755 659 616 353 214 Switzerland 366 350 332 181 155 Italy 318 206 243 132 139 France 330 273 253 129 Middle East 423 472 521 232 185 Rest of EMEA 825 604 349 320 Total EMEA 3,703 3,309 3,274 1,793 1.598 Americas Americas 2,208 2,382 2,462 1,199 1,287 Asia Pacific Greater China 789 572 675 289 261 Rest of APAC 705 737 844 282 548 Total APAC 1,494 1,309 1,519 676 809 Total 7,405 7,000 7,255 3,668 3,694 Middle East includes the United Arab Emirates, Saudi Arabia, Bahrain, Lebanon, Catar, Oman and Kuwait Rest of EMEA includes Africa and the other European markets not separately identified Americas indudes the United States of America, Canada, Mexico, the Caribbean and Central and South America Greater China includes China, Hong Kong and Taiwan. Rest of APAC mainly includes Japan, Australia, Singapore, Indonesia and South Korea Source: Ferrari Prospectus 138 Exhibit 3 FERRARI: THE 2015 INITIAL PUBLIC OFFERING Ferrari Income Statement (millions of euro) First Half 2015 412 1,007 121 212 46 1,387 238 270 592 130 152 291 4 218 2012 2013 2014 Sales Cars and Spare Parts (1) 1,695 1,655 1,944 Engines (2) 77 188 311 Sponsorship, Commercial and Brand (3) 385 417 Other (4) 69 80 91 Total Sales 2,225 2,335 2,762 Cost of Sales excluding Dep and Amort 961 964 1,217 Depreciation & Amortization Expense 289 Selling, General, and Admin. Expense 243 260 300 Research & Development 431 479 541 Other Operating Expense 17 -2 26 Operating Income (EBIT) 335 364 389 Net Financial Income (Expense) 3 9 Profit before Tax 335 366 398 Income Tax Expense 101 120 133 Net Profit 233 246 265 Capital Expenditures 258 271 330 (1) Includes the net revenues generated from shipments of our cars, including any personalization revenue generated on these cars and sales of spare parts. in their cars, and the revenues generated from the rental of engines to other Formula 1 racing teams sponsorship agreements and our share of the Formula 1 World Championship commercial revenues and net revenues generated through the Ferrari brand, including merchandising, licensing and royalty income. (4) Primarily includes interest income generated by the Ferrari Financial Services group and net revenues from the management of the Mugello racetrack. Source: Company Prospectus -27 191 65 126 151 296 Exhibit 4 FERRARI: THE 2015 INITIAL PUBLIC OFFERING Ferrari Balance Sheet (millions of euro) 31-Dec-2013 31-Dec-2014 30-Jun-2015 Cash and cash equivalents 798 1,077 258 Trade receivables 206 184 154 Receivables from financing activitie: 863 1,224 1,181 Inventories 238 352 Other current assets 115 64 100 Total current assets 2,219 2,845 2,045 Investments and other financial assi 37 47 48 Deferred tax assets 42 112 149 Property, plant, and equipment 568 585 589 Intangible Assets (1) 242 265 283 Goodwill 787 787 787 Total assets 3,895 4,641 3,900 Trade payables 486 536 578 Current tax payables 104 110 182 Other current liabilities 475 774 836 Total current liabilities 1,065 1,420 1,595 Long-term debt 317 510 2,267 Other liabilities 197 233 239 Total equity 2,316 2,478 -201 Total liabilities and equity 3,895 4,641 3,900 (1) Costs incurred for car project development are recognized as as asset following the conditions of IAS38. Capitalized development costs are amortized on a straight-line basis over the estimated life of the model (generally 4 to 8 years). Source: Company Prospectus Exhibit 5 FERRARI: THE 2015 INITIAL PUBLIC OFFERING FCA Car Shipments by Brand (000s of units) 2013 2014 Mass-Market Vehicle Brands NAFTA (U.S., Canada, Mexico) 2,100 2,500 LATAM (Latin America) 900 800 APAC (Asia Pacific) 200 300 EMEA (Europe, Middle East, Africa) 1,100 1,200 Total 4,300 4,800 Maserati 20 40 Ferrari 7 7 Mass-market Brands: Abarth Alfa Romeo, Chrysler, Dodge, Fiat, Fiat Professional, Jeep, Lancia, and Ram. Source: FCA Annual Report Exhibit 6 FERRARI: THE 2015 INITIAL PUBLIC OFFERING Data for Comparable Companies in millions of euros) Total Capital Projected Market Value Total Revenue Expend EBITDA Growth Rate of Equity Debt Cash Auto Manufacturers BMW 80,401 6,099 16,426 6.15 56,562 77,506 7.688 Daimler 129,872 6,307 18,514 6.9% 77,906 86,689 15,543 Fiat Chrysler 96,090 8,121 8,271 18,657 33,724 23,601 Ford Motor 108,619 5.626 8.537 10.1% 52.925 98,484 25,743 General Motors 117,554 8.946 6.674 46,554 38,710 24,391 Honda Motor 96,196 6,374 12,730 6.9% 51,128 52.483 11,427 Hyundai Motor 63,924 3,385 7,233 6.8% 33,631 40,802 19,547 Kia Motors 33,730 1.446 2.800 1.6% 16.977 3,535 S.S02 Nissan Motor 82,101 11,432 10.879 40,013 51,796 6.698 Peugeot 53,607 2,428 3.318 7.0% 12,230 21,914 10,521 Renault 41,055 2,703 3.967 8.95 23.096 36,299 14,049 Tata Motors 33.811 4,100 5.647 5.5% 16,701 10.952 7,125 Tesla Motors 2,411 731 9 949% 26.400 2.051 1.590 Toyota Motor 196,622 24,233 30,260 3.2% 186,069 147,34440,497 Volkswagen 202,458 16,613 3.5% 52,916 139,021 34,143 Luxury Brands Burberry Group 3.221 199 745 2.6% 7.691 90 365 Cie Financiere 10,410 708 2.902 3.15 38,986 8,553 Hermes International 4119 279 1.478 35,297 1,481 LVMH Moet Hennessy 30,638 1,848 7,027 2.15 80,731 9.243 4,648 3,552 362 1.9% 8,772 519 720 Tiffany & Co. 3,248 189 819 9.125 989 648 Figures as of end of 2014, excest Equity Value which is as of October 2015. Projected growth rate is equal to the 5 year compound annual growth rate of Operating profits from 2014 actuals to 2019 forecast. Source: FactSet; The projected growth rate is obtained based on the Value Line Investment Survey (August-October 2015) and Case writer estimates. 23.048 3,093 Prada 2015 7.0% 5.0% 3.0% 3.0% 13.0% 10.0% 25.0% 2.0 3.2 34% 2016 5.0% 5.0% 3.0% 6.0% 13.5% 10.0% 27.0% 2.1 3.3 34% 2017 4.0% 5.0% 3.0% 6.0% 14.0% 10.0% 28.0% 2.2 3.5 34% 2018 4.0% 5.0% 3.0% 6.0% 14.0% 10.0% 30.0% 2.2 3.7 34% 2019 3.0% 5.0% 3.0% 6.0% 14.0% 10.0% 30.0% 2.2 3.8 34% Exhibit 8 FERRARI: THE 2015 INITIAL PUBLIC OFFERING Ferrari Forecast (Millions of Euro, except as noted) Assumptions 2014 Growth in Cars Shipped 3.6% Growth in Revenue/Car Growth in Engine Revenue Growth in Other Revenue Operating Margin - Cars 12.5% Operating Margin-Engines 9.1% Operating Margin - All Other Revenue 24.9% Net Working Capital Turnover 1.9 Net Fixed Asset Turnover 3.2 Deprec&Amort/PPE 34% Financial Forecast Car Shipments (000s) 7.26 Avg Revenue per Car (Euro 000s) 268 Car Revenue 1,944 Engine Revenue 311 All other Revenue 507 Total Revenue 2,762 Operating Profit-Cars 243 Operating Profit-Engines 28 Operating Profit-All Other Revenue 126 Total Operating Profit 398 Net Working Capital 1,425 Net PP&E and Intangible Assets 851 Depreciation & Amortization 289 Total Revenue Growth 18% EBITDA Margin 25% Source: Case Writer Estimates 7.76 281 2,184 320 523 3,027 284 32 131 447 1,513 932 317 10% 25% 8.15 295 2,408 330 554 3,292 325 33 150 508 1,568 998 339 9% 26% 8.48 310 2,629 340 587 3,556 368 34 164 567 1,617 1,016 345 8% 26% 8.82 326 2,871 350 623 3,844 402 35 187 624 1,747 1,039 353 8% 25% 9.08 342 3,105 361 660 4,126 435 36 198 669 1,875 1,086 369 7% 25% Exhibit 9 FERRARI: THE 2015 INITIAL PUBLIC OFFERING Capital Markets Data - October 19, 2015 Government Bond Yields (Italy) 1 year 0.23% 10 year 1.70% Corporate Bonds Euro AAA 1.91% AA 1.99% 2.30% BBB 3.43% BB B 6.79% Exchange Rate USD/Euro 1.1375 Source: ADB Analisi Data Borsi, Merrill Lynch, Case Writer Estimates 4.98% Enterprise Value / EBITDA (Enterprise Value-Cash) / EBITDA 8.2 8.9 6.3 17.7 12.8 8.1 10.3 7.3 8.4 10.3 13% 7.7 8.1 3.5 14.7 9.1 7.2 7.6 5.4 7.8 7.1 11.4 3.6 3,114.0 9.7 6.8 7.7 6.2% 7.0% Analysis 1: Market Multiples for comparable Companies EBITDA Margin Projected Growth Rate Auto Manufacturers BMW 20% 6.1% Daimler 14% 6.9% Fiat Chrysler 9% 4.6% Ford Motor 8% 10.1% General Motors 6% 4.5% Honda Motor 6.9% Hyundai Motor 11% 6.8% Kia Motors 8% 1.6% Nissan Motor 13% Peugeot 6% Renault 10% 8.9% Tata Motors 17% 5.5% Tesla Motors 0% 94.9% Toyota Motor 15% 3.2% Volkswagen 11% 3.5% Median 11% 6.2% Luxury Brands Burberry Group 23% 2.6% Cie Financiere Richemont 28% 3.1% Hermes International 36% 6.8% LVMH Moet Hennessy 23% 2.1% Prada 27% 1.9% Tiffany & Co. 25% 4.7% Median 26% 2.9% 15.0 4.9 3,298.3 11.0 8.3 8.9 10.4 9.3 14.5 11.6 23.9 22.9 12.8 9.7 12.4 12.6 12.1 9.0 11.6 11.6 Implied Share Price (USD) Analysis 2: Multiples-based Valuation for Ferrari 2014 EBITDA 687 Debt 2,300 Shares 189 USD/EUR Exchange Rate 1.138 EBITDA Multiple Implied EnterpriseValue (EUR) Trading Multiples Median of all auto comps 8.9 6,104 Avg of select auto comps* 11.4 7,804 Median of all luxury comps 12.6 8,638 Avg of select luxury comps** 18.1 12,453 EBITDA 14x 14.0 9,613 Transaction Multiples Aston Martin 9.9 6,798 Fitbit 21.0 14,419 Poste Italiane 8.0 5,493 * Select Auto Comparables are BMW, Daimler, Ford, Honda, Hyundai, and Renault ** Select Luxury Comparables are Hermes and Tiffany 22.90 33.12 38.14 61.11 44.01 27.07 72.94 19.22 2020 2015 7.0% 5.0% 3.0% 3.0% 13.0% 10.0% 25.0% 2.0 3.2 34% 2016 5.0% 5.0% 3.0% 6.0% 13.5% 10.0% 27.0% 2.1 3.3 34% 2017 4.0% 5.0% 3.0% 6.0% 14.0% 10.0% 28.0% 22 3.5 34% 2018 4.0% 5.0% 3.0% 6.0% 14.0% 10.0% 30.0% 2.2 3.7 34% 2019 3.0% 5.0% 3.0% 6.0% 14.0% 10.0% 30.0% 2.2 3.8 34% 8.15 7.76 281 295 Analysis 3: Ferrari DCF Valuation (Millions of Euro) Assumptions 2014 Growth in Cars Shipped 3.6% Growth in Revenue/Car Growth in Engine Revenue Growth in Other Revenue Operating Margin - Cars 12.5% Operating Margin-Engines 9.1% Operating Margin - All Other Revenue 24.9% Net Working Capital Turnover 1.9 Net Fixed Asset Turnover 3.2 Deprec&Amort/P&PE 34% Financial Forecast Car Shipments (000s) 7.26 Avg Revenue per Car (EUR 000) 268 Car Revenue 1,944 Engine Revenue 311 All Other Revenue 507 Total Revenue 2,762 Operating Profit - Cars 243 Operating Profit - Engines 28 Operating Profit - All Other Revenue 126 Total Operating Profit 398 Net Working Capital 1,425 Net PP&E and Int. Assets 851 Dep & Amort 289 Valuation Tax Rate 38.0% Discount Rate 5.0% LT Growth Rate 2.0% 2014 Projected Profit/Growth Rate 11.0% NOPAT Change in P&PE Change in NWC Free Cash Flow PV of Planning Period 904 PV of Terminal Value 9.499 Implied Ent Value 10,402 Debt 2,300 Implied Equity Value 8,102 Shares (Pre-Money) 189 Implied Share Price in EUR 42.87 Implied Share Price in USD 48.76 Implied EBITDA Multiple 13.6 Sagasgas 2,184 320 523 3,027 284 32 131 447 1,513 932 317 2,408 330 554 3,292 325 33 150 SOS 1,568 998 339 8.48 310 2,629 340 587 3,556 368 34 164 567 1,617 1,016 345 8.82 326 2,871 350 623 3,844 402 35 187 624 1,747 1,039 353 9.08 342 3,105 361 660 4,126 435 36 198 669 1,875 1,086 369 682 1,913 1,107 2016 2017 ROC 2015 11% 11% 2018 14% 2019 14% 2020 14% 12% 13% 277 81 88 107 315 66 54 195 351 19 49 284 387 23 131 233 415 47 128 240 423 22 38 364 Perp Growth Term Value 12,123 Implied EBITDA multiple 11.7 FERRARI: THE 2015 INITIAL PUBLIC OFFERING Ferrari Share Price Performance $70.00 $60.00 $50.00 $40.00 man $30.00 $20.00 $10.00 Open $52.00 $60.00 $57.07 $57.77 $57.00 $54.80 $54.02 $51.87 $51.56 $50.86 $53.09 $52.96 $53.45 $52.20 $52.82 $53.70 $54.00 $54.33 $53.95 $51.95 $50.28 $49.39 $47.46 $47.87 $48.10 $46.00 $46.50 $45.59 $46.30 $46.50 $47.88 $47.44 $47.34 $48.65 $48.49 $0.00 20-Oct-15 20-Nov-15 20-Dec-15 20-Jan-16 20-Feb-16 20-Mar-16 20-Apr-16 20-May-16 20-Jun-16 20-Jul-16 20-Aug-16 20-Sep-16 20-Oct-16 20-Nov-16 20-Dec-16 20-Jan-17 20-Oct-15 21-Oct-15 22-Oct-15 23-Oct-15 26-Oct-15 27-Oct-15 28-Oct-15 29-Oct-15 30-Oct-15 2-Nov-15 3-Nov-15 4-Nov-15 5-Nov-15 6-Nov-15 9-Nov-15 10-Nov-15 11-Nov-15 12-Nov-15 13-Nov-15 16-Nov-15 17-Nov-15 18-Nov-15 19-Nov-15 20-Nov-15 23-Nov-15 24-Nov-15 25-Nov-15 27-Nov-15 30-Nov-15 1-Dec-15 2-Dec-15 3-Dec-15 4-Dec-15 7-Dec-15 8-Dec-15 9-Dec-15 10-Dec-15 11-Dec-15 14-Dec-15 15-Dec-15 16-Dec-15 17-Dec-15 18-Dec-15 21-Dec-15 22-Dec-15 23-Dec-15 24-Dec-15 28-Dec-15 29-Dec-15 30-Dec-15 31-Dec-15 Soure: Yahoo! Finance $47.44 $48.07 $48.01 $48.05 $46.93 $48.32 $48.65 $46.96 $46.25 $47.48 $47.04 $46.62 $47.29 $46.84 $47.93 $48.26 4-Jan-16 5-Jan-16 6-Jan-16 7-Jan-16 8-Jan-16 11-Jan-16 12-Jan-16 13-Jan-16 14-Jan-16 15-Jan-16 19-Jan-16 20-Jan-16 21-Jan-16 22-Jan-16 25-Jan-16 26-Jan-16 27-Jan-16 28-Jan-16 29-Jan-16 1-Feb-16 2-Feb-16 3-Feb-16 4-Feb-16 5-Feb-16 8-Feb-16 9-Feb-16 10-Feb-16 11-Feb-16 12-Feb-16 16-Feb-16 17-Feb-16 18-Feb-16 19-Feb-16 22-Feb-16 23-Feb-16 24-Feb-16 25-Feb-16 26-Feb-16 29-Feb-16 1-Mar-16 2-Mar-16 3-Mar-16 4-Mar-16 7-Mar-16 8-Mar-16 9-Mar-16 10-Mar-16 11-Mar-16 14-Mar-16 15-Mar-16 16-Mar-16 17-Mar-16 18-Mar-16 21-Mar-16 22-Mar-16 23-Mar-16 $47.29 $48.60 $47.75 $46.42 $46.60 $43.20 $43.95 $43.43 $42.47 $40.47 $40.69 $40.98 $40.28 $41.21 $41.47 $40.28 $41.31 $40.82 $39.48 $38.92 $39.84 $37.24 $36.25 $38.73 $37.04 $34.44 $35.03 $32.29 $32.34 $34.62 $36.38 $38.76 $37.90 $39.42 $39.25 $37.26 $38.21 $38.77 $38.49 $38.78 $39.07 $39.10 $39.24 $39.11 $41.93 $41.72 $41.98 $42.09 $42.57 $41.46 $41.11 $42.49 $42.73 $42.38 $41.64 $41.66 24-Mar-16 28-Mar-16 29-Mar-16 30-Mar-16 31-Mar-16 1-Apr-16 4-Apr-16 5-Apr-16 6-Apr-16 7-Apr-16 8-Apr-16 11-Apr-16 12-Apr-16 13-Apr-16 14-Apr-16 15-Apr-16 18-Apr-16 19-Apr-16 20-Apr-16 21-Apr-16 22-Apr-16 25-Apr-16 26-Apr-16 27-Apr-16 28-Apr-16 29-Apr-16 2-May-16 3-May-16 4-May-16 5-May-16 6-May-16 9-May-16 10-May-16 11-May-16 12-May-16 13-May-16 16-May-16 17-May-16 18-May-16 19-May-16 20-May-16 23-May-16 24-May-16 25-May-16 26-May-16 27-May-16 31-May-16 1-Jun-16 2-Jun-16 3-Jun-16 6-Jun-16 7-Jun-16 8-Jun-16 9-Jun-16 10-Jun-16 13-Jun-16 14-Jun-16 $40.23 $41.04 $40.87 $42.10 $41.59 $40.73 $41.24 $40.21 $40.19 $40.88 $41.26 $41.17 $41.24 $41.94 $42.06 $43.31 $43.83 $44.44 $44.66 $44.59 $43.50 $43.24 $43.74 $43.82 $44.06 $45.37 $46.50 $43.85 $44.13 $43.79 $43.04 $43.09 $43.18 $43.18 $43.53 $43.57 $43.73 $42.78 $42.12 $41.73 $41.20 $40.48 $40.94 $42.22 $42.11 $42.05 $42.39 $42.35 $42.71 $43.00 $42.65 $43.54 $43.98 $43.15 $42.15 $40.97 $40.95 15-Jun-16 16-Jun-16 17-Jun-16 20-Jun-16 21-Jun-16 22-Jun-16 23-Jun-16 24-Jun-16 27-Jun-16 28-Jun-16 29-Jun-16 30-Jun-16 1-Jul-16 5-Jul-16 6-Jul-16 7-Jul-16 8-Jul-16 11-Jul-16 12-Jul-16 13-Jul-16 14-Jul-16 15-Jul-16 18-Jul-16 19-Jul-16 20-Jul-16 21-Jul-16 22-Jul-16 25-Jul-16 26-Jul-16 27-Jul-16 28-Jul-16 29-Jul-16 1-Aug-16 2-Aug-16 3-Aug-16 4-Aug-16 5-Aug-16 8-Aug-16 9-Aug-16 10-Aug-16 11-Aug-16 12-Aug-16 15-Aug-16 16-Aug-16 17-Aug-16 18-Aug-16 19-Aug-16 22-Aug-16 23-Aug-16 24-Aug-16 25-Aug-16 26-Aug-16 29-Aug-16 30-Aug-16 31-Aug-16 1-Sep-16 2-Sep-16 $40.83 $40.57 $41.60 $43.42 $43.37 $43.11 $43.54 $40.67 $39.71 $40.02 $39.92 $40.38 $41.71 $40.93 $38.90 $39.80 $40.96 $42.34 $42.84 $42.70 $42.71 $42.54 $42.28 $41.81 $42.29 $42.26 $42.82 $43.18 $43.26 $44.81 $44.76 $45.05 $45.03 $45.60 $46.43 $46.71 $47.00 $47.39 $47.52 $47.93 $48.07 $48.36 $48.41 $47.88 $47.62 $48.06 $47.43 $47.76 $48.88 $48.50 $48.04 $48.35 $48.40 $48.39 $48.19 $48.27 $48.25 6-Sep-16 7-Sep-16 8-Sep-16 9-Sep-16 12-Sep-16 13-Sep-16 14-Sep-16 15-Sep-16 16-Sep-16 19-Sep-16 20-Sep-16 21-Sep-16 22-Sep-16 23-Sep-16 26-Sep-16 27-Sep-16 28-Sep-16 29-Sep-16 30-Sep-16 3-Oct-16 4-Oct-16 5-Oct-16 6-Oct-16 7-Oct-16 10-Oct-16 11-Oct-16 12-Oct-16 13-Oct-16 14-Oct-16 17-Oct-16 18-Oct-16 19-Oct-16 20-Oct-16 21-Oct-16 24-Oct-16 25-Oct-16 26-Oct-16 27-Oct-16 28-Oct-16 31-Oct-16 1-Nov-16 2-Nov-16 3-Nov-16 4-Nov-16 7-Nov-16 8-Nov-16 9-Nov-16 10-Nov-16 11-Nov-16 14-Nov-16 15-Nov-16 16-Nov-16 17-Nov-16 18-Nov-16 21-Nov-16 22-Nov-16 $48.25 $49.55 $49.10 $49.22 $47.36 $48.11 $47.52 $46.95 $46.55 $47.56 $47.49 $48.55 $50.43 $50.65 $50.22 $50.08 $50.65 $51.49 $51.42 $51.92 $52.55 $53.31 $53.29 $53.32 $54.18 $53.42 $53.10 $52.89 $52.85 $52.75 $52.73 $52.01 $52.48 $52.02 $52.83 $52.99 $52.79 $53.12 $52.63 $52.73 $53.09 $51.14 $50.97 $50.43 $53.52 $54.43 $53.99 $53.46 $53.38 $53.57 $52.78 $53.15 $53.23 $53.19 $53.20 $53.83 18-Nov-16 21-Nov-16 22-Nov-16 23-Nov-16 25-Nov-16 28-Nov-16 29-Nov-16 30-Nov-16 1-Dec-16 2-Dec-16 5-Dec-16 6-Dec-16 7-Dec-16 8-Dec-16 9-Dec-16 12-Dec-16 13-Dec-16 14-Dec-16 15-Dec-16 16-Dec-16 19-Dec-16 20-Dec-16 21-Dec-16 22-Dec-16 23-Dec-16 27-Dec-16 28-Dec-16 29-Dec-16 30-Dec-16 3-Jan-17 4-Jan-17 5-Jan-17 6-Jan-17 9-Jan-17 10-Jan-17 11-Jan-17 12-Jan-17 13-Jan-17 17-Jan-17 18-Jan-17 19-Jan-17 20-Jan-17 23-Jan-17 24-Jan-17 25-Jan-17 26-Jan-17 27-Jan-17 30-Jan-17 31-Jan-17 1-Feb-17 2-Feb-17 3-Feb-17 6-Feb-17 7-Feb-17 8-Feb-17 9-Feb-17 10-Feb-17 53.19 $53.20 $53.83 $53.14 $54.69 $54.00 $53.82 $54.94 $54.01 $54.20 $55.03 $55.07 $56.32 $56.66 $56.82 $57.07 $57.04 $58.00 $57.88 $58.10 $58.34 $58.13 $58.60 $58.52 $58.44 $58.41 $58.15 $58.16 $58.44 $59.16 $58.84 $59.44 $58.97 $57.77 $58.98 $59.00 $60.57 $60.10 $59.66 $60.00 $59.86 $60.31 $61.07 $62.46 $62.78 $61.94 $62.03 $60.92 $60.94 $62.50 $65.01 $65.49 $64.33 $64.47 $64.21 $65.20 $64.54