Pirelli & C S p A : Interim Financial Report at30 June 2022

HALF YEAR FINANCIAL

REPORT

AT JUNE 30, 2022

PIRELLI & C. Società per Azioni (Joint Stock Company)

Milan Office

Milan OfficeViale Piero e Alberto Pirelli n. 25

Share Capital Euro 1,904,374,935.66

Milan Company Register No. 00860340157

REA (Economic Administrative Index) No. 1055

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PIRELLI & C. S.p.A. - MILAN

TABLE OF CONTENTS

MACROECONOMIC AND MARKET SCENARIO ...........................................................................	6
SIGNIFICANT EVENTS OF THE FIRST HALF-YEAR ..................................................................	10
GROUP PERFORMANCE AND RESULTS ..................................................................................	13
OUTLOOK FOR 2022...................................................................................................................	26
SIGNIFICANT EVENTS SUBSEQUENT TO THE END OF THE HALF-YEAR..............................	28
ALTERNATIVE PERFORMANCE INDICATORS ..........................................................................	29
OTHER INFORMATION ...............................................................................................................	33
HALF YEAR REPORT ON CORPORATE GOVERNANCE ..........................................................	37
CONDENSED CONSOLIDATED HALF-YEAR FINANCIAL STATEMENTS AT JUNE 30, 2022...	39
CERTIFICATIONS......................................................................................................................	107

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The Board of Directors1
Chairman	Ning Gaoning
Executive Vice Chairman
and Chief Executive Officer	Marco Tronchetti Provera
Deputy-CEO	Giorgio Luca Bruno
Director	Yang Shihao
Director	Bai Xinping
Independent Director	Paola Boromei
Independent Director	Domenico De Sole
Independent Director	Roberto Diacetti
Independent Director	Fan Xiaohua
Independent Director	Giovanni Lo Storto
Independent Director	Marisa Pappalardo
Independent Director	Tao Haisu
Director	Giovanni Tronchetti Provera
Independent Director	Wei Yintao
Director	Zhang Haitao
Secretary of the Board	Alberto Bastanzio
Board of Statutory Auditors2
Chairman	Riccardo Foglia Taverna
Statutory Auditors	Antonella Carù
	Francesca Meneghel
	Teresa Naddeo
	Alberto Villani

1. Appointment: June 18, 2020. Expiry: Shareholders' Meeting convened for the approval of the Financial Statements at December 31, 2022. Changes in the composition of the Board of Directors following the date of the appointment are detailed on the Pirelli website www.pirelli.comin the Corporate Governance section.
2. Appointment: June 15, 2021. Expiry: Shareholders' Meeting convened for the approval of the Financial Statements at December 31, 2023.

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Alternate Auditors	Franca Brusco
	Maria Sardelli
	Marco Taglioretti

Audit, Risk, Sustainability and Corporate Governance Committee

Chairman - Independent Director	Fan Xiaohua
Independent Director	Roberto Diacetti
Independent Director	Giovanni Lo Storto
Independent Director	Marisa Pappalardo
	Zhang Haitao
Committee for Related Party Transactions
Chairman - Independent Director	Marisa Pappalardo
Independent Director	Domenico De Sole
Independent Director	Giovanni Lo Storto
Nominations and Successions Committee
Chairman	Marco Tronchetti Provera
	Ning Gaoning
	Bai Xinping
	Giovanni Tronchetti Provera
Remuneration Committee
Chairman - Independent Director	Tao Haisu
	Bai Xinping
Independent Director	Paola Boromei
Independent Director	Fan Xiaohua
Independent Director	Marisa Pappalardo

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