Slide 1: Q1 2021 Sales
Q1 2021 SALES JACQUES ASCHENBROICH CHAIRMAN & CEO VALEO RESERVED April 28, 2021 |
Slide 2: Table of Contents
Q1 2021 SALES TABLE OF CONTENTS 01 KEY HIGHLIGHTS 03 05 OUTPERFORMANCE BY SEGMENT 15 02 CARBON NEUTRALITY PLAN 05 06 2021 OUTLOOK 20 03 Q1 SALES 07 07 BACKUP SLIDES 23 04 OUTPERFORMANCE BY REGION 09 VALEO RESERVED April 28, 2021 | 2
Slide 3: Q1 2021 Highlights (1/2)
Q1 2021 HIGHLIGHTS (1/2) ➢ Sales of €4,667m, up 8% LFL vs 2020 ➢ OEM sales up 7% LFL vs 2020 in line with the market excluding region mix ➢ Strong outperformance in all regions vs 2019 Region Outperformance* Europe +12pts Asia +12pts of which China +26pts North America +12pts South America +26pts ➢
Slide 4: Q1 2021 Highlights (2/2)
Q1 2021 HIGHLIGHTS (2/2) ➢ Valeo Siemens eAutomotive: in line with our expectations ● Sales +93% ➢ Strong outperformance* at Valeo Group level expected in Q2 vs 2020 and 2019 ➢ FY 2021 guidance confirmed *IHS estimates April 16 2021 and CPCA for China VALEO RESERVED April 28, 2021 | 4
Slide 5: Valeo's Worldwide Commitment in Line with European Green Deal Ambition
VALEO’S WORLDWIDE COMMITMENT IN LINE WITH EUROPEAN GREEN DEAL AMBITION C02 Annualized CO2 emissions reduction Valeo objectives integrated -45% into the variable compensation of the Group’s 1,500 key managers and performance shares granted to senior management 2019 2030 2050 VALEO RESERVED April 28,
Slide 6: Our Growth Engine: CO2 Emissions Reduction
OUR GROWTH ENGINE: CO2 EMISSIONS REDUCTION * * #1 #1 #1 OUR LEADING ESG PERFORMANCE RECOGNIZED BY OUR INCLUSION IN SUSTAINABILITY INDEXES SUCH AS #1 #1 THE NEW “CAC40 ESG” * excl. Tyre companies * excl. tire companies VALEO RESERVED April 28, 2021 | 6
Slide 7: Total Sales of €4,667m, in Line with 2019 Like-for-Like
TOTAL SALES OF €4,667M vs SALES IN LINE WITH 2019 ON A LIKE-FOR-LIKE BASIS 2019 DESPITE 12% DROP IN PRODUCTION €m Reported -5% +1% +1% -4% -2% +6% +4% -1% Like for like ' Exchange rates -2.7% Exchange rates -5.0% Exchange rates -2.0% Exchange rates -3.0% Scope 0.2% Scope 0.0% Scope 0.0% Scope 0.2% V
Slide 8: Total Sales of €4,667m, Up 8% Like-for-Like vs 2020
TOTAL SALES OF €4,667M vs UP 8% ON A LIKE-FOR-LIKE BASIS VS 2020 2020 MAINLY DRIVEN BY CHINA €m Reported +4% +4% +11% +4% +7% +8% +15% +8% Like for like ' Exchange rates -3.3% Exchange rates -4.6% Exchange rates -3.7% Exchange rates -3.5% Scope 0.0% Scope 0.0% Scope 0.0% Scope 0.0% VALEO RESERVED Ap
Slide 9: Strong Outperformance in All Regions vs 2019
STRONG OUTPERFORMANCE IN ALL REGIONS vs 2019 North Outperf. Outperf. Outperf. +12pts Europe (1) +12pts China +26pts America CDA CDA PTS CDA THS PTS VIS South Outperf. Outperf. +26pts Asia (1) +12pts America THS PTS VIS CDA THS PTS VIS Outperformance based on IHS estimates – China Passenger Car Assoc
Slide 10: Strong Outperformance in All Regions
STRONG OUTPERFORMANCE IN ALL REGIONS vs 2019 North Outperf. Outperf. Outperf. Europe (1) China America +12pts 48% of Valeo sales ()2) +12pts 13% of Valeo sales (2) +26pts 19% of Valeo sales (2) OEM sales (like for like) -3% OEM sales (like for like) -7% OEM sales (like for like) +21% Production -15%
Slide 11: Outperformance in All Asian Countries
OUTPERFORMANCE IN ALL ASIAN COUNTRIES vs 2019 Outperf. Outperf. China +26pts Japan +2pts CDA THS PTS VIS VIS Asia (1) Outperf. Outperformance +12pts South Outperf. India +16pts +4pts Korea PTS PTS Outperformance based on IHS estimates – China Passenger Car Association (CPCA) estimates for China (1)
Slide 12: OEM Sales in Line with the Market Excluding Region Mix
OEM SALES IN LINE WITH THE MARKET EXCLUDING REGION MIX HIGH COMPARISON BASIS vs 2020 AS A REMINDER, OUTPERFORMANCE WAS OF 16PTS IN Q1 2020 North Outperf. Outperf. Outperf. +3pts Europe (1) +2pts China -10pts America CDA CDA PTS THS PTS South Outperf. Asia (1) Outperf. America +2pts -6pts PTS VIS CDA
Slide 13: OEM Sales in Line with the Market Excluding Region Mix
OEM SALES IN LINE WITH THE MARKET EXCLUDING REGION MIX HIGH COMPARISON BASIS vs 2020 AS A REMINDER, OUTPERFORMANCE WAS OF 16PTS IN Q1 2020 North Outperf. Outperf. Outperf. Europe (1) China America +3pts 48% of Valeo sales ()2) +2pts 13% of Valeo sales (2) -10pts 19% of Valeo sales (2) OEM sales (lik
Slide 14: Outperformance in All Business Groups
OUTPERFORMANCE IN ALL BUSINESS GROUPS vs 2019 Business Group Outperformance* Comfort & Driving Assistance +21pts Powertrain +15pts Thermal +7pts Visibility +11pts * IHS estimates April 16 2021/CPCA estimates for China Excluding region mix VALEO RESERVED April 28, 2021 | 14
Slide 15: Outperformance in All Business Groups: Comfort & Driving Assistance, Visibility
OUTPERFORMANCE IN ALL BUSINESS GROUPS vs 2019 Comfort & Driving Assistance Visibility Outperformance excl. region mix +21pts Outperformance excl. region mix +11pts Outperformance +17pts Outperformance +7pts Growth mainly driven by: Growth mainly driven by lighting in: ➢ ADAS consolidating #1 positio
Slide 16: Lighting and ADAS recent growth drivers
MAJOR DRIVER ASSISTANCE SOP’S RECENT GROWTH DRIVERS (2020-2021) Honda Mercedes-Benz WEY Ford ADAS Fit & Legend EQS VV7 F-150 ● L2 function w/ only FCAM (Fit) ● Lidar SCALA 2 ● Driver Monitoring System with ● Ultrasonic sensors ● L3 function w/ Lidar, FCAM and ● Lidar cleaning emotion recognition ● 3
Slide 17: Outperformance in All Business Groups: Powertrain, Thermal
OUTPERFORMANCE IN ALL BUSINESS GROUPS vs 2019 Powertrain Thermal Outperformance excl. region mix +15pts Outperformance excl. region mix +7pts Outperformance +16pts Outperformance +4pts Growth mainly driven by: Growth mainly driven by: ➢ Acceleration in 48V ➢ Thermal solutions for electric ➢ Growth i
Slide 18: Major BEV, PHEV & 48V SOPs
MAJOR BEV, PHEV & 48V SOP’S RECENT GROWTH DRIVERS (2020-2021) Volkswagen Mercedes-Benz Hyundai - KIA Li Auto ID.3 & ID.4 EQS Tucson, Sportage One ● Inverter ● eDrive System ●iBSG 48V ● Battery cooler ● Battery Coolers ● Heat pump systems ● AC unit with HV electric heater ● Electrical compressor ● Ba
Slide 19: 2021 Outlook Confirmed
06 2021 OUTLOOK CONFIRMED VALEO RESERVED April 28, 2021 | 19
Slide 20: 2021 Outlook Confirmed
2021 OUTLOOK CONFIRMED Our base scenario for the top end of our 2021 guidance range is 10% growth in global automotive production. In this context, the Group confirms the following objectives for 2021: ● continued outperformance ● improved financial performance despite additional costs, estimated at a
Slide 21: Backup Slides
07 BACKUP SLIDES VALEO RESERVED April 28, 2021 | 21
Slide 22: Outperformance in All Asian Countries
OUTPERFORMANCE IN ALL ASIAN COUNTRIES vs 2019 China Outperf. Japan Outperf. 42% of Asian sales (2) +26pts 24% of Asian sales (2) +2pts OEM sales (like for like) +21% OEM sales (like for like) -9% Production -5% Production -11% VIS Asia (1) CDA THS PTS VIS Outperformance +12pts India Outperf. South O
Slide 23: In Asia, Performance of -6pts
IN ASIA, PERFORMANCE OF -6PTS vs 2020 HIGH COMPARISON BASIS IN CHINA China Outperf. Japan Perf. 42% of Asian sales (2) -10pts 24% of Asian sales (2) 0pts OEM sales (like for like) +76% OEM sales (like for like) -4% Production +86% Production -4% VIS Asia (1) THS PTS Outperformance -6pts South India
Slide 24: Outperformance in All Business Groups
OUTPERFORMANCE IN ALL BUSINESS GROUPS Outperformance* Business Group vs 2019 vs 2020 Comfort & Driving Assistance +21pts -4pts Powertrain +15pts +5pts Thermal +7pts -4pts Visibility +11pts -2pts * IHS estimates April 16 2021/CPCA estimates for China Excluding region mix VALEO RESERVED April 28, 2021
Slide 25: Geographic Positioning
GEOGRAPHIC POSITIONING vs OEM sales by production region 2019 % of OEM sales Western Western Europe Europe 56% in Asia 32% 60% in Asia 33% & emerging & emerging countries countries Q1 19 Q1 21 VALEO RESERVED April 28, 2021 | 25
Slide 26: Customer Portfolio
CUSTOMER PORTFOLIO vs % of OEM sales 2019 German German 31% 30% Asian Asian 32% 32% Q1 19 Q1 21 VALEO RESERVED April 28, 2021 | 26
Slide 27: Reconciliation of Valeo and Top Column Module Data
RECONCILIATION OF VALEO AND TOP COLUMN MODULE (TCM) DATA The Group decided to withdraw from the TCM segment. The table below reconciles reported consolidated data with data excluding the TCM business. VALEO RESERVED April 28, 2021 | 27
Slide 28: Contacts
INVESTOR RELATIONS VALEO 43, rue Bayen F-75848 Paris Cedex 17 France Thierry Lacorre E-mail: valeo.corporateaccess.mailbox@valeo.com Website: www.valeo.com CONTACTS VALEO RESERVED April 28, 2021 | 28
Slide 29: Share Information
SHARE INFORMATION Share Data • Bloomberg Ticker FR FP • Reuters Ticker VLOF.PA • ISIN Number FR 0013176526 • Shares outstanding as of December 31, 2020 241,717,403 ADR Data • Ticker/trading symbol VLEEY • CUSIP Number 919134304 • Exchange OTC • Ratio (ADR: ord) 1:2 • Depositary Bank J.P. Morgan • Co
Slide 30: Safe Harbour Statement
SAFE HARBOUR STATEMENT Statements contained in this document, which are not historical fact, constitute “forward-looking statements”. These statements include projections and estimates and their underlying assumptions, statements regarding projects, objectives, intentions and expectations with respe
Slide 31: VALEO RESERVED April 28, 2021 |
VALEO RESERVED April 28, 2021 |