Slide 1: Q1 2015 Sales
Q1 2015 Sales Jacques Aschenbroich – CEO April 23, 2015 April 23, 2015 I 1
Slide 2: Highlights
Highlights +15% as reported Sales of €3.6bn +6% like-for-like (1) +16% as reported OEM sales of €3.1bn +7% like-for-like (1) 6-point outperformance Growth* Outperformance** Outperformance in all the main World OEM sales +7% +6pts** production regions and Europe +10% +9pts** all Business Groups China
Slide 3: 2015 outlook
2015 outlook Based on the following key assumptions for full-year 2015: Automotive production growth: World: around 3% Europe (excl. Russia): around 3% Raw material prices and currencies in line with current levels Valeo confirms its objectives for 2015: Sales growth outperformance in the main produ
Slide 4: Sales of €3.6bn, up 15% as reported
Sales of €3.6bn, up 15% as reported up 6% like-for-like OEM sales up 16% as reported up 7% like-for like, 6-point outperformance Aftermarket sales up 6% as reported up 1% like-for-like April 23, 2015 I 4
Slide 5: Sales of €3.6 bn up 15% as reported
Sales of €3.6 bn up 15% as reported OEM and aftermarket sales up 16% and 6% respectively (up 7% and up 1% like-for-like) In €m Like-for-like +6% +7% +1% +10% 68 400 3,581 3,113 Sales OEM Aftermarket Miscellaneous Reported +15.1% +16.3% +6.4% +15.3% Q1-2014 3,112 Q1-2014 2,677 Q1-2014 376 Q1-2014 59
Slide 6: OEM sales outpaced the global market by 6 percentage points
OEM sales outpaced the global market by 6 percentage points Europe 9-point outperformance; China 8-point outperformance Q1 Outperf. +6pts Like-for-like World Outperf. OEM sales** +7% +9pts Production***+1% Outperf. Europe* +2pts OEM sales** +10% North America Production***+1% OEM sales** +4% Product
Slide 7: Above-market growth in all Asian countries
Above-market growth in all Asian countries Q1 Like-for-like Outperf Outperf +6pts +9pts Asia Japan OEM sales* +8% OEM sales* +2% Production** +2% Outperf Production** -7% +8pts 20% of Asian sales 26% of Valeo sales Korea OEM sales* +4% Production** -4% 21% of Asian sales Outperf +8pts China Perf OEM
Slide 8: Geographic repositioning
Geographic repositioning Asia and emerging markets accounts for 54% % of OEM sales by production region Eastern Eastern Europe & Europe & Africa Africa 15% 15% Western Western Western Europe Europe Europe 38% 35% 52% in Asia 38% 54% in Asia Asia & emerging 24% & emerging Asia countries countries 26%
Slide 9: Balanced customer portfolio
Balanced customer portfolio % of OEM sales Other Other 5% 6% French* 17% French* German German 17% 30% 29% American 22% American 23% Asian** Asian** Asian** 26% Asian** 25% 26% 26% Q1 2014 Q1 2015 * Excluding Nissan ** Including Nissan April 23, 2015 I 9
Slide 10: Strong growth in Comfort & Driving Assistance and Visibility
Strong growth in Comfort & Driving Assistance and Visibility Above-market performance in Powertrain and Thermal OEM sales like-for-like +13% +4% +4% +9% Total sales In €m Comfort & Driving Powertrain Thermal Visibility Assistance As a % of total sales 18% 26% 28% 28% Total sales On a reported basis
Slide 11: 2015 outlook
2015 outlook April 23, 2015 I 11
Slide 12: 2015 outlook
2015 outlook Based on the following key assumptions for full-year 2015: Automotive production growth: World: around 3% Europe (excl. Russia): around 3% Raw material prices and currencies in line with current levels Valeo confirms its objectives for 2015: Sales growth outperformance in the main produ
Slide 13: Contact 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 Website: www.valeo.com April 23, 2015 I 13
Slide 14: Share information
Share information Share data Bloomberg Ticker FR FP Reuters Ticker VLOF.PA ISIN Number FR 000130338 Shares outstanding as of March 31, 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 Contact at J.P. Morgan – AD
Slide 15: Back-up
Back-up - Valeo pi 29,2005 | 15 ,
Slide 16: Comfort & Driving Assistance Systems
Comfort & Driving Assistance Systems 2014 key figures: • Sales: €2.3bn (18% of Group sales) Sales performance • EBITDA: 14.5% (22% of Group EBITDA) OEM sales • 14,195 employees Like-for-like +18% +13% +13% +15% +13% • 25 production units change • 8 development centers • 9 research centers 657 614 To
Slide 17: Powertrain Systems
Powertrain Systems 2014 key figures: • Sales: €3.3bn (26% of Group sales) Sales performance • EBITDA: 12.3% (27% of Group EBITDA) OEM sales • 18,412 employees Like-for- like +13% +4% +3% +1% +4% • 37 production units change • 16 development centers • 5 research centers 948 Total sales (€m) 848 848 8
Slide 18: Thermal Systems
Thermal Systems 2014 key figures: • Sales: €3.6bn (28% of Group sales) Sales performance • EBITDA: 11.1% (26% of Group EBITDA) • 19,359 employees OEM sales • 44 production units Like-for-like change +12% +8% +6% +5% +4% • 8 development centers • 3 research centers 1,007 934 934 Total sales (€m) 880
Slide 19: Visibility Systems
Visibility Systems 2014 key figures: Sales performance • Sales: €3.6bn (28% of Group sales) • EBITDA: 10.6% (25% of Group EBITDA) OEM sales +12%* +7%* +9%* +10%* +10% • 24,912 employees Like-for- like change • 36 production units • 15 development centers • 5 research centers Total sales (€m) 925 957
Slide 20: Quarterly information
Quarterly information In €m (2014 as reported and 2013 restated in accordance with IFRS 11) Sales by segment Q1-13 Q2-13 Q3-13 Q4-13 Q1-14 Q2-14 Q3-14 Q4-14 Q1-15 Comfort & Driving Assistance Systems 623 569 515 531 552 572 573 614 657 Powertrain Systems 774 817 752 818 848 848 798 843 948 Thermal S
Slide 21: Safe Harbor Statement
Safe Harbor Statement Statements contained in this press release, which are not historical fact, constitute "Forward-Looking Statements". Even though Valeo’s management feels that the Forward-Looking Statements are reasonable, investors are put on notice that actual results may differ materially due
Slide 22: April 23, 2015 I 22
Valeo Automotive technology, naturally EN