Slide 1: Q1 2020 Sales
Q1 2020 SALES Q1 sales impacted by Covid-19 disruption but outperforming market by 390bps Focus on people health, financial liquidity & resilience and safe restart February April 20, 2020 17, 2020 Q1 2020 Sales – April 20, 2020
Slide 2: Agenda
Agenda 1 KEY MESSAGES AND UPDATE ON CURRENT SITUATION 2 REVIEW OF Q1 2020 SALES 2 Q1 2020 Sales – April 20, 2020
Slide 3: Key messages
Key messages > An unprecedented situation > Worldwide automotive production* down 23.6% in Q1, expected to be down 45% in Q2 and 34% in H1 > To date, most production sites temporarily shut down in Europe and Americas > All sites have efficiently and safely restarted in China > Q1 2020 sales at €3,73
Slide 4: Drastic resilience measures taken to protect margin and cash
Drastic resilience measures taken to protect margin and cash P&L CASH > Ensure the highest cost flexibility over production > 30% reduction in Capex in 2020 (vs. €685m in 2019) > Partial unemployment for c. 90% of direct headcount in Europe and North America > Strict management of R&D programs > R&D
Slide 5: Priority #1: Protect health and safety of all employees
Priority #1: Protect health and safety of all employees > Immediate reaction to protect employees and prevent propagation of the virus > Best health practices recommendations widely spread all over the Group > Travel ban introduced > Home office applied when possible > IT capabilities strengthened t
Slide 6: Priority #2: Secure liquidity, enhanced through an €800m club deal loan
Priority #2: Secure liquidity, enhanced through an €800m club deal loan > Cash management > Sound financial structure > Daily monitoring of cash position to efficiently > No significant debt repayment before 2022 manage cash consumption in H1 2020 > Average debt maturity profile* is > 5 years > Cash
Slide 7: Priority #3: Be ready for a safe restart of production
Priority #3: Be ready for a safe restart of production > Implementing a comprehensive set of procedures and behaviors for all sites, SAFER TOGETHER, based on recommendations from expert organizations, governments and lessons learned in China: > Mandatory personal protective equipment, including mask
Slide 8: Agenda
Agenda 1 KEY MESSAGES AND UPDATE ON CURRENT SITUATION 2 REVIEW OF Q1 2020 SALES 8 Q1 2020 Sales – April 20, 2020
Slide 9: Group sales
Group Sales impacted by Covid-19 disruption but outperformance of 390bps > Sales down 19.7% excluding currencies and scope effect → outperformance of 390bps €4,325m €(3)m €(851)m > Activity slowdown related to the Covid-19 €268m Currency -19.7% €3,739m outbreak impacting: effect +6.2% Growth ex-curr
Slide 10: Europe (52% of Group sales)
Europe (52% of Group sales) Outperformance in all three historical BGs > Sales down 16.4% ex-currencies and excluding scope effect → outperformance of 410bps €2,217m €(3)m €(363)m Currency €80m €1,931m > Activity slowdown related to the Covid-19 outbreak -16.4% effect as from March, with sales down
Slide 11: North America (27% of Group sales)
North America (27% of Group sales) Underperformance mainly due to Seating EoP effect > Sales down 18.3% ex-currencies and excluding scope effect → underperformance of 750bps > Activity slowdown related to the Covid-19 outbreak €1,117m €28m €(204)m as from March, with sales down by close to 35% €74m
Slide 12: Asia (17% of Group sales)
Asia (17% of Group sales) Strong outperformance in China where all plants have efficiently and safely restarted > Sales down 33.9% ex-currencies and excluding scope effect → underperformance of 300bps • Unfavorable geographic mix with Faurecia’s sales in China in Q1 2020 representing 56% of its sale
Slide 13: South America (3% of Group sales)
South America (3% of Group sales) Broadly stable sales excluding currency effect > Sales slightly down (-2.1%) ex-currencies and excluding €150m €(23)m scope effect → outperformance of 1,480bps -15.1% €(3)m €3m €127m Currency -2.1% +2.0% effect > Activity slowdown related to the Covid-19 outbreak Gr
Slide 14: Performance in line or above market in the historical BGs
Performance in line or above market in the 3 historical BGs Seating Interiors €1,842m €(0.3)m €(439)m €1,293m €(3)m €(226)m Currency €101m €1,165m -23.9% -23.8% Currency -17.5% -17.5% effect €1,402m effect +7.8% +7.8% Growth SAS Growth ex-currencies scope effect** ex-currencies Broadly in line Outpe
Slide 15: Key takeaways
Key takeaways > Q1 sales impacted by Covid-19 disruption but outperformance of 390bps above expectations > Focus on three priorities: > Protect health and safety of all employees > Secure liquidity, recently enhanced through an €800m club deal loan > Be ready for a safe restart of production through
Slide 16: Appendices
Q1 2020 SALES Appendices February 17, 2020 Q1 2020 Sales – April 20, 2020
Slide 17: Financial calendar
Financial calendar > June 26, 2020 Annual Shareholders’ Meeting > July 27, 2020 H1 2020 results announcement > October 23, 2020 Q3 2020 sales announcement 17 Q1 2020 Sales – April 20, 2020
Slide 18: Definitions of terms used in this document
Definitions of terms used in this document > Sales growth Faurecia’s year-on-year sales evolution is made of three components: • A “Currency effect”, calculated by applying average currency rates for the period to the sales of the prior year, • A “Scope effect” (acquisition/divestment), • And “Growt
Slide 19: Q1 2020 sales by region
Q1 2020 sales by region Sales Reported Currency effect Growth ex-currencies Scope effect* Reported (in €m) Q1 2019 value % value % value % Q1 2020 % Europe 2,217 -3 -0.1% -363 -16.4% 80 3.6% 1,931 -12.9% North America 1,117 28 2.5% -204 -18.3% 74 6.6% 1,014 -9.2% Asia 798 -3 -0.3% -271 -33.9% 111 13
Slide 20: Q1 2020 sales by Business Group
Q1 2020 sales by Business Group Sales Reported Currency effect Growth ex-currencies Scope effect* Reported (in €m) Q1 2019 value % value % value % Q1 2020 % Seating 1,842 0 0.0% -439 -23.9% 1,402 -23.9% Interiors 1,293 -3 -0.2% -226 -17.5% 101 7.8% 1,165 -9.9% Clean Mobility 1,144 0 0.0% -168 -14.7%
Slide 21: Contact & share data
Contact & share data Investor Relations Share Data Bloomberg Ticker: EO:FP Marc MAILLET Reuters Ticker: EPED.PA Tel: +33 1 72 36 75 70 Datastream: F:BERT E-mail: marc.maillet@faurecia.com ISIN Code: FR0000121147 Anne-Sophie JUGEAN Tel: +33 1 72 36 71 31 E-mail: annesophie.jugean@faurecia.com Bonds I
Slide 22: Disclaimer
Disclaimer Important information concerning forward looking statements This presentation contains certain forward-looking statements concerning Faurecia. Such forward-looking statements represent trends or objectives and cannot be construed as constituting forecasts regarding the future Faurecia’s r
Slide 23: Q1 2020 Sales – April 20, 2020
‘Faurecia inspiring mobility