Slide 1: Q3 2024 Sales
Q3 2024 Sales October 24, 2024 Christophe Périllat Edouard de Pirey Chief Executive Ofûcer Chief Financial Ofûcer FULL YEAR 2023 RESULTS | FEBRUARY 29, 2024 1
Slide 2: Contents
Q3 2024 Sales Contents 01 02 03 04 Highlights Sales Conclusion Backup slides Q&A VALEO Q3 SALES | OCTOBER 24, 2024 2
Slide 3: Highlights
01 | Sales Q3 2024 Highlights Christophe Périllat Chief Executive Ofûcer VALEO Q3 SALES | OCTOBER 24, 2024 3
Slide 4: Navigating a challenging environment in 2024
01 | Highlights Navigating a challenging environment in 2024 Delivering thanks to signiûcant & efûcient cost adjustment measures Challenging Valeo’s proactive environment cost management → Signiûcant drop in activity → Self-help measures especially in all regions in POWER Division → Especially low a
Slide 5: 2024 margin & cash guidance confirmed in a very challenging environment
01 | Highlights 2024 margin & cash guidance confirmed in a very challenging environment H2 margins signiûcantly higher than H1 thanks to our FY 2024 Previous FY 2024 proactive cost management guidance (a) (b) guidance (a) (b) Sales ~€21.3bn ~€22.0bn EBITDA 12.1% to 13.1% 12.1% to 13.1% (as % of sales
Slide 6: Worsening economic environment & significant uncertainty surrounding automotive production volumes
01 | Highlights Worsening economic environment & significant uncertainty surrounding automotive production volumes 2025 guidance adapted to these new market conditions to be published with FY 2024 results Challenging 2025 objectives environment Further improvement of our results vs 2024 → Macroeconom
Slide 7: Q3 sales
• 01 | Highlights Q3 sales 0 2 +3 point outperformance in OEM sales & strong activity in aftermarket Total sales OEM Aftermarket Miscellaneous €4,967m €4,197m €538m €232m -2% lü growth -2% lü growth +3% lü growth +2% lü growth Reported growth: -5% Reported growth: -5% Reported growth: -5% Reported g
Slide 8: Q3 sales of €5.0bn
02 | Sales 2024 Q3 Sales of €5.0bn Sales by region Sales by Division VALEO Q3 SALES | OCTOBER 24, 2024 8
Slide 9: Q3 OEM sales outperformance on a worldwide basis
02 | Sales Q3 OEM sales 3 point outperformance on a worldwide basis Performance* by region Ongoing customer repositioning in China World Europe (including Africa) North America Asia (excluding China) China South America 46% of sales 20% of sales 17% of sales 15% of sales 2% of sales -2% OEM sales lü
Slide 10: Outperformance in all Divisions
02 | Sales Outperformance * in all Divisions outperf. in lü OEM sales +1pt +5pts +4pts in POWER in BRAIN in LIGHT Despite high-voltage within POWER Division Group Outperformance -10pt performance in HV Lower activity on certain EV +3pts platforms in Europe VALEO Q3 SALES | OCTOBER 24, 2024 * In OEM
Slide 11: POWER Sales €2,470m
02 | Sales POWER Traditional businesses mitigating the impact of low activity in high-voltage Sales Traditional businesses SALES €2,281m POWER €2,470m +2pt outperformance -4% lü growth OEM sales -8%* High-voltage sales €189m +1pt outperformance -10pt performance €2,694m €2,470m BUSINESS HIGHLIGHTS T
Slide 12: POWER Division Group cost base
02 | Sales POWER Self-help measures to improve the proûtability of the POWER Division enabling us to conûrm the savings and costs already announced POWER Group cost base Division adjustments POWER Division operational More than €200m annual run rate savings → Social & legal procedures completed → €5
Slide 13: BRAIN Sales €1,214m
02 | Sales BRAIN Outperformance in BRAIN driven by Interior Experience Sales SALES ADAS €776m BRAIN €1,214m +2pt outperformance 0% lü growth OEM sales Interior Experience €438m 0%* +5pt outperformance +12pt outperformance €1,210m €1,214m BUSINESS HIGHLIGHTS Production ramp-up in ADAS (cameras) Q3 20
Slide 14: Delivering connected & immersive interior experience solutions
02 | Sales Delivering connected & immersive interior experience solutions ADAS and IX Combine to Deliver Enhanced Safety, Ease of Use and Interactivity Interior Cocoon Head-Up Display Phone-As-A-Key → Driver and cabin → AR HUD1 provides the → Ultra-Wideband monitoring for driver with key information
Slide 15: LIGHT Sales €1,270m
02 | Sales LIGHT Outperformance driven by the ramp-up of numerous production launches Sales SALES -1% lü growth LIGHT €1,270m OEM sales +4pt -1%* outperformance BUSINESS HIGHLIGHTS €1,280m €1,270m Production ramp-up for European OEMs Growth in EV for Chinese OEMs and a North American automaker Q3 20
Slide 16: LIGHT: Close to starts of production throughout 2024
02 | Sales LIGHT Close to 300 starts of production throughout 2024 Peugeot 3008 Porsche 992 Renault 5 E-Tech electric (Pixel 50) (Rear lighting) (RefLED, Signal holographic, DRL) Dodge RAM Cupra Terramar Honda Lingxi L (Front & rear lighting) (Ambient lighting) (Coast to coast signaling, Hood, Logo,
Slide 17: Conclusion
03| Q3 2024 Sales Conclusion VALEO Q3 SALES | OCTOBER 24, 2024 17
Slide 18: H2 key business focus
03 | Conclusion H2 key business focus Accelerating cost control initiatives Generating cost savings from our supply base Reducing gross R&D to support cash generation Completing our divestment program by signing additional €100m transactions by year-end Closing customer discussions VALEO Q3 SALES |
Slide 19: Thank you / Q&A
Thank you Q&A VALEO Q3 SALES | OCTOBER 24, 2024 19
Slide 20: Backup slides
04| Q3 2024 Sales Backup slides VALEOYEAR FULL Q3 SALES | OCTOBER 2023 RESULTS 24, 2024 29, 2024 | FEBRUARY 2020
Slide 21: YTD Sales by type
• 04 | Backup slides YTD Sales by type 0 2 Total sales OEM Aftermarket Miscellaneous €16,084m €13,492m €1,728m €864m +0% lü growth -1% lü growth +4% lü growth +21% lü growth Reported growth: -2.1% Reported growth: -3.5% Reported growth: -0.5% Reported growth: +19.5% Exchange rate: -1.4% Exchange rat
Slide 22: YTD OEM sales performance by region
04 | Backup slides YTD OEM sales Lower EV car production for speciûc programs in Europe Performance* by region Ongoing customer repositioning in China World Europe (including Africa) North America Asia (excluding China) China South America 48% of 20% of sales 16% of sales 14% of sales 2% of sales sa
Slide 23: Q1 sales by Division
04 | Backup slides Q1 sales by Division Sales by Division Change Change (in millions of euros) Q1 2023 Q1 2024 in sales in OEM sales* Perf.** POWER 2,882 2,783 -3% -2% -1pt High-voltage 362 199 -45% -49% -48pts Other 2,520 2,584 +3% +8% +9pts BRAIN 1,221 1,229 +1% +4% +5pts ADAS 761 794 +4% +6% +7pt
Slide 24: Q2 sales by Division
04 | Backup slides Q2 sales by Division Sales by Division Change Change (in millions of euros) Q2 2023 Q2 2024 in sales in OEM sales* Perf.** POWER 3,069 2,909 -5% -7% -7pts High-voltage 485 314 -35% -38% -38pts Other 2,584 2,595 -% -% +0pts BRAIN 1,227 1,340 +9% +7% +7pts ADAS 802 865 +8% +7% +7pts
Slide 25: Q3 sales by Division
04 | Backup slides Q3 sales by Division Sales by Division Change Change (in millions of euros) Q3 2023 Q3 2024 in sales in OEM sales* Perf.** POWER 2,694 2,470 -8% -4% +1pt High-voltage 220 189 -14% -15% -10pts Other 2,474 2,281 -8% -3% +2pts BRAIN 1,210 1,214 -% -% +5pts ADAS 793 776 -2% -3% +2pts
Slide 26: YTD sales by Division
04 | Backup slides YTD sales by Division Sales by Division Change Change (in millions of euros) YTD 2023 YTD 2024 in sales in OEM sales* Perf.** POWER 8,645 8,162 -6% -5% -3pts High-voltage 1,067 702 -34% -37% -35pts Other 7,578 7,460 -2% -% +2pts BRAIN 3,658 3,783 +3% +4% +6pts ADAS 2,356 2,435 +3%
Slide 27: 2023 Sales by quarter
04 | Backup slides 2023 Sales by quarter Sales by Division (in millions of euros) Q1 2023 Q2 2023 Q3 2023 Q4 2023 FY 2023 POWER 2,882 3,069 2,694 2,926 11,571 High-voltage 362 485 220 410 1,477 Other 2,520 2,584 2,474 2,516 10,094 BRAIN 1,221 1,227 1,210 1,220 4,878 ADAS 761 802 793 791 3,147 Interi
Slide 28: 2023 segment information
04 | Backup slides 2023 segment information BRAIN* POWER LIGHT Other* Total 2023 (€m) Sales 4,878 11,571 5,541 54 22,044 EBITDA 690 1,171 736 50 2,647 Research & Development expenditure, net (728) (895) (396) (10) (2,029) Investments in property, plant & equipment & intangible assets 869 715 563 66
Slide 29: Share information
04 | Backup slides Share information Share ADR Data Data Ticker/trading symbol VLEEY Bloomberg Ticker FR FP CUSIP Number 919134304 Reuters Ticker VLOF.PA Exchange OTC ISIN Number FR0013176526 Ratio (ADR: ord) 1:2 Shares outstanding as of September 244,633,504 Depositary Bank J.P. Morgan 30, 2024 Con
Slide 30: Glossary
04 | Backup slides Glossary Like for like (or LFL): the currency impact is calculated by multiplying sales for the current period by the exchange rate for the previous period. The Group structure impact is calculated by adjusting sales by elimination (or by addition in the event of a change in conso
Slide 31: Safe harbour statement
04 | Backup slides Safe harbour statement Statements contained in this document which, when they are not historical fact, constitute <forward-looking statements=. These statements include projections and estimates and their underlying assumptions, statements regarding projects, objectives, intention
Slide 32: FULL YEAR 2023 RESULTS | FEBRUARY 29, 2024
FULL YEAR 2023 RESULTS | FEBRUARY 29, 2024 32