Slide 1: Q1 2023 Sales
Q1 2023 Sales CHRISTOPHE PÉRILLAT Chief Executive Officer
Slide 2: Q1 2023 Sales Highlights
Q1 2023 SALES Highlights Solid start to 2023 with sales of €5,482m, up 15% Strong growth driven by acceleration in electrification & ADAS New: ~€4bn orders for high-voltage electric powertrain 2023 guidance confirmed VALEO Q1 2023 SALES | APRIL 25th 2023 2
Slide 3: Strong start in 2023
Strong start in 2023 OEM Sales Total Sales +13% +7 pts €5,482M like-for-like adjusted growth* performance** adjusted +15% on a reported basis Incl. high-voltage Aftermarket Sales electric powertrain €362m +6% Strong momentum maintained like-for-like adjusted growth* VALEO Q1 2023 SALES | APRIL 25th
Slide 4: Acceleration in high-voltage powertrain
Acceleration in high-voltage powertrain +69% €362m Impact & sustainability MOBILITY MADE GREENER Q1 OEM sales lfl growth Q1 total sales through innovation & technology Greenhouse gas emission avoided Target sales for €4bn NEW Valeo’s high-voltage electric YTD orders powertrain HV electric powertrain
Slide 5: Acceleration in ADAS
Acceleration in ADAS +21% €761m Impact & sustainability MOBILITY MADE SAFER Q1 OEM sales lfl growth Q1 total sales through innovation & technology Accidents prevented Strategic cooperation with BMW extended to Level 4 LiDAR orders automated parking experience generation 3 >€1Bn Key enabler level 3+ a
Slide 6: Aftermarket business maintains strong momentum
Aftermarket business maintains strong momentum +6% €615m Impact & sustainability CONTRIBUTING TO GREENER & SAFER Q1 lfl growth Q1 total sales through recycling MOBILITY Strong momentum after high growth in 2022 +16% lfl growth in Q1 2022 1m products remanufactured in 2022 Valeo receives an Key growth
Slide 7: 2023 guidance confirmed
2023 guidance confirmed We are confirming our 2023 objectives (see opposite), 2022 2022 2023 taking into account the uncertainty regarding published adjusted* guidance** automotive production in our main business regions, net inflation and cost reduction measures. Sales (in billions of euros) 20.0 20.4
Slide 8: Detailed sales information Q1 2023
Q1 2023 SALES Detailed sales information Q1 2023 Sales by type Sales by region Sales by Business Group VALEO Q1 2023 SALES | APRIL 25th 2023 8
Slide 9: Q1 sales of €5.5bn, +11% lfl adjusted growth
Q1 sales of €5.5bn, +11% lfl adjusted growth Group Sales OEM Aftermarket Miscellaneous €5,482m €4,637m €615m €230m incl. high-voltage powertrain* incl. high-voltage powertrain* +€362m +€334m +11% lfl adjusted growth* +13% lfl adjusted growth* +6% lfl adjusted growth* -6% lfl adjusted growth* Reported gro
Slide 10: Q1 OEM sales outperformance by region
Q1 OEM sales outperformance World Europe (incl. Africa) Asia (incl. China) North America South America 50% of OEM sales 30% of OEM sales 18% of OEM sales 2% of OEM sales +7 pts adjusted* +15% OEM sales lfl growth +6% OEM sales lfl growth +3% OEM sales lfl growth +13% OEM sales lfl growth +17% Production
Slide 11: Acceleration in ADAS and Electrification
Acceleration in ADAS and Electrification Comfort & Driving Assistance Systems (CDA) Powertrain Systems (PTS) +11 pts performance +14 pts adjusted performance* +17% OEM sales lfl growth +20% OEM sales lfl adjusted growth* +10% OEM sales lfl growth ADAS Interior experience * See glossary, page 19 OEM Sale
Slide 12: Thank you, Q&A session
Q1 2023 SALES THANK YOU Q&A SESSION VALEO Q1 2023 SALES | APRIL 25th 2023 12
Slide 13: Backup slides
Backup slides VALEO Q1 2023 SALES | APRIL 25th 2023
Slide 14: Q1 geographic & customer positioning
Q1 geographic & customer positioning OEM sales by production region (% of OEM sales) Q1 2023 Q1 2022 ▲ Western Europe 31% 30% +1pp US Asia & emerging countries 7% 62% 8% 62% -1pp Stable 62% Of which Asia excluding China 16% 15% +1pp of OEM sales Of which China 15% 18% -3pp Exposure to Asian Of which
Slide 15: Committed to our 2025 targets
Sales EBITDA FCF €27.5bn ~14.5% €0.8bn - €1.0bn Committed to our 2025 >5pts EBIT Leverage targets* OUTPERF. OVER 2021/25 VS. IHS ~6.5% <0.7x CAGR** 2021-2025 HV BUSINESS DIVESTMENT OF INTEGRATION NON-STRATEGIC SYNERGY EFFICIENCY PLAN ASSETS PTS THS CDA VIS €120m €100m €500m 15% 11% 16% 10% per year
Slide 16: 2019-2025 ESG performance
2019-2025 ESG performance 2019 2022 2025e base year (change vs. 2019) (change vs. 2019) Emissions reduction (Scope 1, 2 & 3) - validated by SBTi in Mt CO2 eq. 49.6 45.2 (-9%) 45.3 (-9%) Scope 1 & 2 & 3 emissions including gains from Valeo in Mt CO2 eq. 49.6 41.5 (-16%) 37.9 (-23%) E Energy consumpti
Slide 17: Contacts
Contacts VALEO 100, rue de Courcelles 75017 Paris FRANCE François Marion, Group Corporate Communications & Investor Relations SVP Thierry Lacorre, Group Investor Relations VP E-mail: valeo.corporateaccess.mailbox@valeo.com Website: www.valeo.com VALEO Q1 2023 SALES | APRIL 25th 2023 17
Slide 18: Share information
Share information Share Data ADR 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 March 31, 2023 243,501,944 Depositary Bank J.P. Morgan Contact at J.P. Morgan – A
Slide 19: Glossary
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 (i) eliminating, for the current period and/or for the comparable period, sales of companies acquir
Slide 20: 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 21: Smart technology for smarter mobility
SMART TECHNOLOGY FOR SMARTER MOBILITY