Slide 1: Q3-2010 Sales
Q3-2010 Sales Jacques ASCHENBROICH – CEO October 21, 2010
Slide 2: Valeo revises upwards its 2010 operating margin guidance
Valeo revises upwards its 2010 operating margin guidance 2nd half margin level higher than that of the 1st half (% of sales) Third quarter Increase in consolidated sales of 22% +16% like-for-like Third quarter and first nine months of the year Outperformance of OE sales vs global automotive producti
Slide 3: Automotive production back to pre-crisis level
Automotive production back to pre-crisis level Economic environment per region Fundamental shift of automotive production towards Asian market Light vehicles production* ▲ ▲ Q3-07 Q3-08 Q3-09 Q3-10 (Q3-10/ (Q3-10/ (million of vehicles) Q3-07) Q3-09) Europe 5.1 5.1 4.3 4.3 -16% 0% Asia 6.8 7.0 7.9 9.
Slide 4: Strong performance of Q3 sales on a like-for-like basis
Strong performance of Q3 sales on a like-for-like basis In euro million +22% +22% 1,913 2,342 Perimeter -0.4% Currencies* +6.5% Sales at same perimeter and +16% exchange rate Q3-09 Q3-10 *Exchange rates: Appreciation vs Euro (change YoY): JPY (+21%), BRD (+18%), Won (+16%), CNY (+12%), USD (+11%) Q3
Slide 5: Strong improvement of OE and Aftermarket sales
Strong improvement of OE and Aftermarket sales In euro million and YoY variation ▲ Q3-07 Q3-08 Q3-09 Q3-10 Q3-09/ Q3-10 Original Equipment 1,809 1,680 1,555 1,929 +17%* as % of sales 82% 81% 81% 82% Aftermarket 366 337 307 359 +14%* as % of sales 17% 16% 16% 15% Miscellaneous 42 62 51 54 -3%* as % o
Slide 6: Outperformance in our main regions
Outperformance in our main regions Q3 OE sales vs automotive production (YoY) World Q3-10 Valeo OE sales* +16% Production** +12% Production +26%** Production 0%** +52%* +9%* North America Europe Production +15%** +23%* Production +11%** Asia +3%* South America * Light vehicle OE sales at same perime
Slide 7: Outperformance in our main regions
Outperformance in our main regions OE sales vs automotive production (YTD) World 9 months Valeo OE Sales* +31% Production** +30% Production +54%** Production +17%** +72%* +23%* North America Europe Production +33%** +45%* Production +15%** Asia +13%* South America * Light vehicle OE sales at same pe
Slide 8: Outperformance in Asia
Outperformance in Asia Asian OE sales vs automotive production (YTD) Production +33%** +45%* Asia Production +32%** Production +26%** 19% of sales +42%* +32%* Korea Japan Production +34%** 19% of sales 32% of sales +57%* China Production +34%** 40% of sales +86%* India 4% of sales * Light vehicle OE
Slide 9: Rebalanced geographical exposure
Rebalanced geographical exposure In % of OE sales (YoY) 62%* 56%* Europe Europe & Africa & Africa 9%* 9%* South South America America 11%* 18%* 15%* 20%* North Asia & North Asia & America others America others Q3-09 Q3-10 * In % of light vehicle OE sales Q3-10 Sales I9 October 21, 2010
Slide 10: Rebalanced geographical exposure
Rebalanced geographical exposure In % of OE sales (YTD) 65%* 60%* Europe Europe & Africa & Africa 8%* 8%* South South America America 10%* 17%* 13%* 19%* North Asia & North Asia & America others America others 2009 2010 * In % of light vehicle OE sales Q3-10 Sales I 10 October 21, 2010
Slide 11: BG outperformance
BG outperformance Worldwide Production** (YoY) +12% OE sales performance vs worldwide automotive production (YoY) Comfort & Driving OE sales Powertrain OE sales In M€ In M€ Assistance +19%* +25%* Sales Sales +23%* +19%* 345 418 489 625 Q3-09 Q3-10 Q3-09 Q3-10 OE sales OE sales In M€ Thermal +14%* In
Slide 12: BG outperformance
BG outperformance Worldwide Production** (YoY) +30% OE sales performance vs worldwide automotive production (YTD) Comfort & Driving OE sales Powertrain OE sales In M€ +39%* In M€ Assistance +31%* Sales +36%* Sales +29%* 972 1,266 1,440 1,969 2009 2010 2009 2010 OE sales OE sales In M€ Thermal +30%*
Slide 13: Continued evolution of client exposure
Continued evolution of client exposure In % of OE sales (YTD) 29% 27% German German 25% 23% French* French* 9% 10% Others Others 17% 20% 18% 22% American Asian** American Asian** 2009 2010 * Excluding Nissan ** Including Nissan Q3-10 Sales I 13 October 21, 2010
Slide 14: Outlook 2010
Outlook 2010 Q3-10 Sales I 14 October 21, 2010
Slide 15: 2010 business environment & developments
2010 business environment & developments Given market’s perspectives (change YoY) FY 2010* Europe (& Africa) +10% Asia (& others) +22% North America +34% South America +12% Worldwide +19% * figures disclosed September 27, 2010 And thanks to Valeo’s capacity to: outperform its main markets keep costs
Slide 16: Valeo revises upwards its 2010 operating margin guidance
Valeo revises upwards its 2010 operating margin guidance 2nd half margin level higher than that of the 1st half (% of sales) Third quarter Increase in consolidated sales of 22% +16% like-for-like Third quarter and first nine months of the year Outperformance of OE sales vs global automotive producti
Slide 17: Contact Investor Relations
Contact Investor Relations Thierry Lacorre 43, rue Bayen F-75848 Paris Cedex 17 France Tel.: +33 (0) 1.40.55.37.93 Fax: +33 (0) 1.40.55.20.40 E-mail: thierry.lacorre@valeo.com Web site: www.valeo.com Q3-10 Sales I 17 October 21, 2010
Slide 18: Share Information
Share Information Share Data Bloomberg Ticker FR FP Reuters Ticker VLOF.PA ISIN Number FR 000130338 Shares outstanding as per 30.09.2010 78,209,617 ADR Data Ticker/trading symbol VLEEY CUSIP Number 919134304 Exchange OTC Ratio (ADR: ord) 1:2 Depositary Bank J.P. Morgan Q3-10 Sales I 18 October 21, 2
Slide 19: Back-up
Back-up Q3-10 Sales I 19 October 21, 2010
Slide 20: Quarterly information
Quarterly information in € million Sales by segments Q1-10 Q2-10 Q3-10 Comfort and Driving Assistance 408 440 418 Powertrain Systems 636 708 625 Thermal Systems 693 754 735 Visibility Systems 591 595 547 Total sales 2,309 2,478 2,342 OE & aftermarket sales Q1-10 Q2-10 Q3-10 OE Sales 1,898 2,059 1,92
Slide 21: Automotive technology, naturally
Automotive technology, naturally