Slide 1: Q3 2015 Sales
Q3 2015 Sales Jacques Aschenbroich – CEO October 21, 2015 October 21, 2015 I 1
Slide 2: Q3 highlights
Q3 highlights +12% as reported Sales of €3.4bn +7% like-for-like (1) +13% as reported OEM sales of €3bn +7% like-for-like (1) Growth* Outperformance** Outperformance by production region World OEM sales +7% +6pts and by Europe +13% +8pts Business Group China +1% +6pts Asia (excluding China) +2% +1pt
Slide 3: 2015 outlook
2015 outlook Based on the following key assumptions for full-year 2015: Automotive production growth consistent with LMC estimates: World: between 1% and 2% Europe (excl. Russia): around 7% China: between 0% and 2% Raw material prices and currencies in line with current levels Valeo confir
Slide 4: Sales of €3.4bn, up 12% as reported, up 7% like-for-like
Sales of €3.4bn, up 12% as reported, up 7% like-for-like OEM sales, up 13% as reported, up 7% like-for like, a 6-point outperformance Aftermarket sales, up 6% as reported, up 4% like-for-like October 21, 2015 I 4
Slide 5: Total sales up 12% as reported, up 7% like-for-like
Total sales up 12% as reported, up 7% like-for-like YTD sales up 14% as reported, up 6% like-for-like Reported +12% +14% 10,747 €m 3,449 Q3 15 YTD 15 Like-for-like +7% +6% Q3-2014 3,069 YTD-2014 9,416 Exchange rates +5.9% Exchange rates +7.7% Scope +0.0% Scope +0.2% October 21, 2015 I 5
Slide 6: OEM sales up 13% as reported, up 7% like-for-like
OEM sales up 13% as reported, up 7% like-for-like Aftermarket up 6% as reported, up 4% like-for-like Aftermarket OEM sales +6%* +7%* 1,200 X,XXX *Reported +13%* +15%* 2,516 387 Q3 15 YTD 15 +4%** +3%** +5%** excl. sales +4%** excl. sales from Korea from Korea 9,306 €m Miscellaneous 2,990 +22%* +9%*
Slide 7: OEM sales outpaced the global market by 6 percentage points
OEM sales outpaced the global market by 6 percentage points Q3 Outperf. +6pts Like-for-like World Outperf. OEM sales** +7% +8pts Production****+1% Underperf. Europe* -3pts OEM sales** +13% North America Production****+5% OEM sales** +3% Production**** +6% 49% of OEM sales 23% of OEM sales Outperf. +
Slide 8: OEM sales outpaced the Asian market by 4 percentage points
OEM sales outpaced the Asian market by 4 percentage points Q3 Like-for-like Outperf +1pt Outperf Japan OEM sales* -3% +4pts Production** -4% Asia OEM sales* +2% 19% of Asian sales Underperf Production** -2% -2pts 26% of OEM sales Korea OEM sales* +7% Production** +9% 23% of Asian sales Outperf +6pts
Slide 9: OEM sales outpaced the global market by 6 percentage points
OEM sales outpaced the global market by 6 percentage points YTD Outperf. +6pts Like-for-like World Outperf. OEM sales** +7% +6pts Production****+1% perf. Europe* 0pt OEM sales** +11% North America Production****+5% OEM sales** +3% Production**** +3% 49% of OEM sales 23% of OEM sales Outperf. +2pts A
Slide 10: Above-market growth in all Asian countries
Above-market growth in all Asian countries YTD Like-for-like Outperf Outperf +4pts +4pts Asia Japan OEM sales* +4% Outperf OEM sales* -3% Production** 0% +3pts Production** -7% 26% of OEM sales Korea 19% of Asian sales OEM sales* +4% Production** +1% 22% of Asian sales Outperf +6pts China OEM sales*
Slide 11: Geographic repositioning
Geographic repositioning Western Europe down 2 percentage points OEM sales by production region Eastern Eastern Europe & Europe & Africa Africa 15% 15% Western Western Asia excl. Asia excl. Europe Europe China China 35% 37% 53% in Asia 14% 54% in Asia 13% & emerging & emerging countries countries Ch
Slide 12: Balanced customer portfolio
Balanced customer portfolio % of OEM sales Other Other 6% 6% French* French* 16% German 15% German 30% 30% American American 24% 22% Asian** Asian** Asian** Asian** 25% 26% 29% 26% 2014 YTD end-September 2015 * Excluding Nissan ** Including Nissan October 21, 2015 I 12
Slide 13: Above-market growth in all Business Groups
Above-market growth in all Business Groups CDA VIS 18% 28% Group €10.7bn PTS 26% THS 28% YTD total OEM sales growth (like-for-like) % YTD 2015 sales sales growth (year-on-year) Q3 YTD CDA* +18% +12% +13% Powertrain +12% +8% +6% Thermal +12% +3% +3% Visibility +15% +6% +8% * Comfort & Driving Assista
Slide 14: 2015 outlook
2015 outlook October 21, 2015 I 14
Slide 15: 2015 outlook
2015 outlook Based on the following key assumptions for full-year 2015: Automotive production growth consistent with LMC estimates: World: between 1% and 2% Europe (excl. Russia): around 7% China: between 0% and 2% Raw material prices and currencies in line with current levels Valeo confir
Slide 16: 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 October 21, 2015 I 16
Slide 17: Share Information
Share Information Share Data • Bloomberg Ticker FR FP • Reuters Ticker VLOF.PA • ISIN Number FR 000130338 • Shares outstanding as of September 30, 2015 79,462,540 ADR Data • Ticker/trading symbol VLEEY • CUSIP Number 919134304 • Exchange OTC • Ratio (ADR: ord) 1:2 • Depositary Bank J.P. Morgan • Con
Slide 18: Back-up
Back-up ~ Valeo — October 22, 2015 18 a
Slide 19: Quarterly information
Quarterly information In €m (2014 restated in accordance with IFRIC 21) Sales by segment Q1-13 Q2-13 Q3-13 Q4-13 Q1-14 Q2-14 Q3-14 Q4-14 Q1-15 Q2-15 Q3-15 Comfort & Driving Assistance Systems 623 569 515 531 552 572 573 614 657 679 663 Powertrain Systems 774 817 752 818 848 848 798 843 948 978 877
Slide 20: Comfort & Driving Assistance Systems
Comfort & Driving Assistance Systems 2014 key figures: • Sales: €2.3bn (18% of Group sales) • EBITDA: 14.5% (22% of Group EBITDA) Sales performance • 14,195 employees Total sales - • 25 production units change as +16% +18% reported • 8 development centers • 9 research centers 1,999 Total sales (€m)
Slide 21: Powertrain Systems
Powertrain Systems 2014 key figures: • Sales: €3.3bn (26% of Group sales) • EBITDA: 12.3% (27% of Group EBITDA) Sales performance • 18,412 employees Total sales - • 37 production units change as +10% +12% • 16 development centers reported • 5 research centers 2,803 Market share* and competitors: Tot
Slide 22: Thermal Systems
Thermal Systems 2014 key figures: • Sales: €3.6bn (28% of Group sales) • EBITDA: 11.1% (26% of Group EBITDA) Sales performance • 19,359 employees Total sales - • 44 production units change as +12% +12% • 8 development centers reported • 3 research centers 3,038 Total sales (€m) Market share* and com
Slide 23: Visibility Systems
Visibility Systems 2014 key figures: • Sales: €3.6bn (28% of Group sales) Sales performance • EBITDA: 10.6% (25% of Group EBITDA) Total sales - change as +13% +15% • 24,912 employees reported • 36 production units • 15 development centers • 5 research centers 3,061 Market share* and competitors: Tot
Slide 24: Safe Harbor Statement
Safe Harbor Statement Statements contained in this press release, 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 r
Slide 25: October 21, 2015 I 25
Valeo Automotive technology, naturally ————————