Slide 1: Q3 2018 Sales
Q3 2018 SALES Strong sales growth and robust outperformance October 11, 2018 Confirmed FY 2018 guidance
Slide 2: Agenda
Agenda 1 Q3 2018 Sales p. 3 2 Update on IFRS 15 - Clarification about R&D capitalization p. 13 3 Outlook: Confirmed FY 2018 guidance p. 16 Q3 2018 Sales – October 11, 2018 2
Slide 3: Q3 2018 - Key Messages
Q3 2018 - Key Messages Despite market headwinds that impacted the quarter … Worldwide automotive production was down 0.9%** in the quarter Lower production volumes in Western Europe, mainly due to the effect of WLTP Lower production volumes in China Devaluation of Turkish Lira, Brazilian R
Slide 4: Strong sales growth and robust outperformance, FY 2018 guidance confirmed
Strong sales growth* and robust outperformance FY 2018 guidance confirmed Q3 2018 sales up 8.3%*, 920bps above worldwide automotive production growth** +8.3% €4,014m Excluding a negative currency effect of €(90)m or -2.4% Including a positive effect of €135m or +3.6% from bolt-ons +4.7% Incl
Slide 5: Seating: Double-digit growth of 10.3%
Seating Double-digit growth of 10.3%* Q3 2018 Sales of €1,742.7m, up 10.3%* Excluding a negative currency effect of €34m or -2.1% €1,743m Including €78m (or +4.9%) from bolt-ons (JVs with Wuling and BYD) Outperformance of 1,120bps vs. worldwide automotive production €1,611m +10.3% €(34)m gro
Slide 6: Interiors: Robust growth of 6.2%
Interiors Robust growth of 6.2%*, despite lower sales to international OEMs in Asia Q3 2018 Sales of €1,210.6m, up 6.2%* Excluding a negative currency effect of €36m or -3.0% Including €40m (or +3.4%) from bolt-ons (JVs with Wuling and Coagent) €1,211m Outperformance of 710bps vs. worldwide
Slide 7: Clean Mobility: Strong growth of 7.6%
Clean Mobility Strong growth of 7.6%*, with double-digits in North and South Americas Q3 2018 Sales of €1,060.5m, up 7.6%* Excluding a negative currency effect of €20m or -2.0% Including €17m (or +1.7%) from bolt-ons (Hug Engineering) €1,061m Outperformance of 850bps vs. worldwide automotive
Slide 8: Europe: Robust outperformance in a tougher environment
Europe Robust outperformance in a tougher environment Q3 2018 Sales of €1,857.9m, up 2.8%* €1,858m Excluding a negative currency effect of €28m or -1.5% Including €17m (or +0.9%) from bolt-ons (Hug Engineering) €1,834m €(28)m +2.8% Outperformance of 540bps vs. regional automotive production
Slide 9: North America: Strong growth thanks to SUVs, light trucks and commercial vehicles
North America Strong growth thanks to SUVs, Light trucks and Commercial vehicles €1,114m Q3 2018 Sales of €1,114.5m, up 11.3%* +11.3% Excluding a positive currency effect of €19m or +1.9% (in H1, it was a negative currency effect of €264m or -11.3%) Outperformance of 810bps vs. regional automo
Slide 10: Asia: Strong growth driven by Chinese OEMs
Asia Strong growth driven by Chinese OEMs and market share gain through bolt-ons Q3 2018 Sales of €807.2m, up 16.7%* Excluding a negative currency effect of €7m or -1.0% €807m Including €118m (or +17.0%) from bolt-ons (JVs with Wuling for Seating and Interiors, BYD for Seating and Coagent for
Slide 11: South America: Negative currency effect offset strong growth
South America Strong negative currency effect offset strong double-digit growth* in sales Q3 2018 Sales of €185.3 m, up 27.1%* Excluding a strong negative currency effect of €71m or -35.2% €202m €(71)m BRL represented c. 60% of this effect and ARS the remaining 40% €185m Outperformance of 1,
Slide 12: Agenda
Agenda 1 Q3 2018 Sales p. 3 2 Update on IFRS 15 - Clarification about R&D capitalization p. 13 3 Outlook: Confirmed FY 2018 guidance p. 16 Q3 2018 Sales – October 11, 2018 12
Slide 13: Update on IFRS 15 - Clarification about R&D capitalization
Update on IFRS 15 - Clarification about R&D capitalization IFRS 15 was adopted as of January 1, 2018 Our accounting principles: Only development costs specifically sold to customers are capitalized. Capitalized amounts are amortized as costs of sales along related revenue recognition; durati
Slide 14: Update on IFRS 15 - Clarification about R&D capitalization
Update on IFRS 15 - Clarification about R&D capitalization CASH FLOW STATEMENT P&L STATEMENT H1 2017 (in € millions) H1 2017 H1 2018 H1 2017 H1 2018 (in € millions) H1 2018 restated Operating income 582,7 647,2 Depreciation and amortization 388,4 413,6 R&D sales 327,1 332,5 o/w amortization of R&D i
Slide 15: Agenda
Agenda 1 Q3 2018 Sales p. 3 2 Update on IFRS 15 - Clarification about R&D capitalization p. 13 3 Outlook: Confirmed FY 2018 guidance p. 16 Q3 2018 Sales – October 11, 2018 15
Slide 16: Confirmed FY 2018 guidance, as upgraded in July
Confirmed FY 2018 guidance, as upgraded in July Our FY 2018 guidance takes into account: Softer expectations for worldwide automotive production growth for the year (+1.3%**, of which +0.6% in H2) The impact on Q4 2018 of the challenging base of comparison of Q4 2017, which was boosted by reco
Slide 17: Q3 2018 Sales Appendices
‘Faurecia inspiring mobility Q3 2018 SALES Appendices
Slide 18: Q3 2018 Sales - Key Facts
Q3 2018 Sales - Key Facts IMPACT FROM IFRS15 IMPLEMENTATION In 2017, Faurecia had already partly anticipated IFRS15 through the presentation of sales as "Value-added sales", i.e. "Total sales" minus "Monoliths", for which Faurecia operates as an agent In addition, as from January 1, 2018, with t
Slide 19: 2017 sales restated for IFRS15 implementation (1/2)
2017 sales restated for IFRS15 implementation (1/2) 2017 SALES RESTATED FOR IFRS15 IMPLEMENTATION AT GROUP LEVEL As reported during the fiscal year 2017 (in €m) Q1 2017 Q2 2017 Q3 2017 Q4 2017 FY 2017 Product sales 3,917.7 3,893.3 3,474.9 3,986.5 15,272.4 R&D and Tooling 308.1 465.5 315.4 600.8 1,68
Slide 20: 2017 sales restated for IFRS15 implementation (2/2)
2017 sales restated for IFRS15 implementation (2/2) 2017 SALES RESTATED FOR IFRS15 IMPLEMENTATION BY REGION & BUSINESS GROUP IFRS15 proforma (in €m) Q1 2017 Q2 2017 Q3 2017 Q4 2017 FY 2017 Seating 1,786.6 1,850.1 1,611.5 1,881.0 7,129.2 Interiors 1,297.9 1,327.7 1,173.6 1,568.1 5,367.4 Clean Mobilit
Slide 21: 2017 operating income restated for IFRS15 implementation
2017 operating income restated for IFRS15 implementation 2017 OPERATING INCOME RESTATED FOR IFRS15 IMPLEMENTATION BY REGION & BUSINESS GROUP As initially reported IFRS 15 proforma Operating income (in €m) H1 2017 H2 2017 FY 2017 H1 2017 H2 2017 FY 2017 Seating 202.7 208.2 410.9 199.9 204.5 404.4 Int
Slide 22: Q3 2018 sales by Business Group
Q3 2018 sales by Business Group Currency effect Growth ex-currencies Reported Restated Sales (in €m) Q3 2017 value % value % Q3 2018 % Seating 1,611.5 -34.1 -2.1% 165.3 10.3% 1,742.7 8.1% of which bolt-ons 78.3 4.9% Interiors 1,173.6 -35.8 -3.0% 72.8 6.2% 1,210.6 3.2% of which bolt-ons 40.2 3.4% Cle
Slide 23: Q3 2018 sales by region
Q3 2018 sales by region Currency effect Growth ex-currencies Reported Restated Sales (in €m) Q3 2017 value % value % Q3 2018 % Europe 1,833.9 -27.7 -1.5% 51.7 2.8% 1,857.9 1.3% of which bolt-ons 16.7 0.9% North America 984.1 18.7 1.9% 111.7 11.3% 1,114.5 13.2% Asia 697.6 -6.9 -1.0% 116.5 16.7% 807.2
Slide 24: 9m 2018 sales by Business Group
9m 2018 sales by Business Group Currency effect Growth ex-currencies Reported Restated Sales (in €m) 9m 2017 value % value % 9m 2018 % Seating 5,248.2 -210.0 -4.0% 485.9 9.3% 5,524.1 5.3% of which bolt-ons 128.4 2.4% Interiors 3,799.3 -198.5 -5.2% 459.3 12.1% 4,060.1 6.9% of which bolt-ons 115.2 3.0
Slide 25: 9m 2018 sales by region
9m 2018 sales by region Currency effect Growth ex-currencies Reported Restated Sales (in €m) 9m 2017 value % value % 9m 2018 % Europe 6,144.2 -79.0 -1.3% 522.8 8.5% 6,588.0 7.2% of which bolt-ons 35.5 0.6% North America 3,335.3 -245.8 -7.4% 257.0 7.7% 3,346.5 0.3% Asia 2,072.5 -73.2 -3.5% 350.7 16.9
Slide 26: Q3 & 9m 2018 bolt-on contribution to sales
Q3 & 9m 2018 bolt-on contribution to sales Sales (in €m) Business Group Region Q1 2018 Q2 2018 H1 2018 Q3 2018 9m 2018 JV with Wuling Seating Asia 23.1 27.0 50.1 14.5 64.6 BYD Seating Asia 63.8 63.8 JV with Wuling Interiors Asia 13.7 13.7 12.6 26.3 Coagent Interiors Asia 33.7 20.2 53.9 25.6 79.5 Hug
Slide 27: Calendar
Calendar Until October 14, 2018 Presence at the Paris Mondial de l’Auto January 2019 Presence at the CES (Consumer Electronics Show) Las Vegas February 18, 2019 FY 2018 Results Announcement (before market hours) Q3 2018 Sales – October 11, 2018 27
Slide 28: Contact & share data
Contact & share data Investor Relations Share Data Marc MAILLET Bloomberg Ticker: EO:FP Reuters Ticker: EPED.PA 2, rue Hennape Datastream: F:BERT 92735 Nanterre ISIN Code: FR0000121147 France Tel: +33 1 72 36 75 70 Bonds ISIN Codes Fax: +33 1 72 36 70 30 E-mail: marc.maillet@faurecia.com 2023 bonds
Slide 29: Safe Harbor Statement
Safe Harbor Statement This report contains statements that are not historical facts but rather forward-looking statements. The words "will," "may," "designed to," "outlook," "believes," "should," "anticipates," "plans," "expects," "intends," "estimates" and similar expressions identify these forward
Slide 30: Faurecia inspiring mobility
‘Faurecia inspiring mobility