Slide 1: Q3 2025 Sales
Q3 2025 Sales October 23, 2025 Edouard de Pirey Chief Financial Officer VALEO HALF YEAR RESULTS | JULY 25, 2024
Slide 2: Executing H2 as planned
Executing H2 as planned Q3 Sales in line with FY guidance Delivering according to the trajectory towards profit Q3 sales at €5.0bn, up 3.5% lfl and cash generation improvement Ongoing repositioning with Chinese OEMs Disciplined price management • Significant reduction in gap in China sales vs the marke
Slide 3: 2025 guidance confirmed
2025 guidance confirmed Q4 sales expected to be of same order of magnitude as Q3 FY 2024 FY 2025 Actual Guidance (a) (b) Sales €21.5bn ~€20.5bn (in €bn) EBITDA 13.3% [13.5%-14.5%] (as % of sales) Operating margin 4.3% [4.5%-5.5%] (as % of sales) before one-off restructuring costs €551m [€700m-€800m]
Slide 4: Total sales at €5.0bn
Total sales at €5.0bn OEM sales up 3.7% lfl Total sales OEM Aftermarket Miscellaneous* €4,997m €4,229m €503m €265m +3.5% lfl growth +3.7% lfl growth -2.8% lfl growth +14.4% lfl growth Reported growth: +0.6% Reported growth: +0.8% Reported growth: -6.5% Reported growth: +14.4% Exchange rate: -2.8% Exchang
Slide 5: Solid underlying business in Aftermarket
Solid underlying business in Aftermarket Performance impacted by high comparison basis Sales Sales -2.8% lfl €503m (+4.5% CAGR lfl Q3 25 vs Q3 22) AFTERMARKET -6.5%* Business Highlights Ageing & growing car fleet €538m €503m Extension of the product range for value-added products (electric, remanufactu
Slide 6: OEM sales: Outperformance in Europe
OEM sales Outperformance in Europe Performance by region Significant reduction in gap vs market in China North World Europe (including Africa) America Asia (excluding China) China Perf.-1pt OEM Sales mix OEM Sales mix OEM Sales mix OEM Sales mix Q3 24: 46% of sales Q3 24: 20% of sales Q3 24: 17% of s
Slide 7: Business highlights
Business highlights Order intake - Repositioning in China Partnerships Contract to supply innovative Dual Layer HVAC system for a Qualcomm and Valeo Accelerate Global Shift to SDV leading Chinese automaker • Offering a pre-integrated AD/ADAS solution designed to streamline • Serial production expect
Slide 8: POWER: Good business performance in all regions
POWER Good business performance in all regions driven by thermal systems Sales HV powertrain sales €290m (+53% reported) Sales +62pts €2,599m OEM sales performance POWER Excl. high-voltage €2,309m (+1% reported) +7pts OEM sales performance +2pts OEM sales performance +5.2%* Business Highlights Power
Slide 9: BRAIN: Unaltered growth potential in ADAS and SDV
BRAIN Unaltered growth potential in ADAS and SDV Sales ADAS sales €669m (-14% reported) Sales -17pts OEM sales performance €1,106m Interior Exp. sales €436m (-0.5% reported) BRAIN -13pts OEM sales performance -5pts OEM sales performance -8.9%* Business Highlights End of several projects with lower t
Slide 10: LIGHT: Improvement in performance
LIGHT Improvement in performance driven by production ramp-up in Europe & China Sales lfl growth +3% OEM sales Sales LIGHT €1,282m -1pt OEM sales performance +0.9%* Business Highlights Europe: outperformance thanks to production ramp-up North America: still impacted by delays in SOPs €1,270m €1,282m
Slide 11: Conclusion
Conclusion Executing H2 2025 objectives Delivering Upcoming event: as planned supported by according to the Capital Markets Q3 sales trajectory set Day to be held on November performance out of improved 20, 2025 profit and cash generation VALEO Q3 SALES | OCTOBER 23, 2025 11
Slide 12: Thank you
Thank you Q&A VALEO Q3 SALES | OCTOBER 23, 2025 12
Slide 13: Backup slides
Backup slides VALEO Q3 SALES | OCTOBER 23, 2025 13
Slide 14: YTD Total sales at €15.7bn
YTD Total sales at €15.7bn Total sales OEM Aftermarket Miscellaneous* €15,657m €13,133m €1,617m €907m 0.1% lfl growth -0.2% lfl growth 0.4% lfl growth 4.4% lfl growth Reported growth: -2.7% Reported growth: -2.7% Reported growth: -6.4% Reported growth: +5.0% Exchange rate: -1.7% Exchange rate: -1.7% Exc
Slide 15: YTD OEM sales performance by region
YTD OEM sales Performance by region North World Europe (including Africa) America Asia (excluding China) China Perf. -4pts OEM Sales mix OEM Sales mix OEM Sales mix OEM Sales mix YTD 24: 48% of sales YTD 24: 20% of sales YTD 24: 16% of sales YTD 24: 14% of sales incl. negative geo. mix impact of -3p
Slide 16: YTD sales by Division
04 | Backup slides YTD sales by Division Sales by Division Change Change (in millions of euros) YTD 25 YTD 24 in sales in OEM sales* Perf.** POWER 8,002 8,162 -2% +3% -1pt High-voltage 752 702 +7% +12% +8pts Other 7,250 7,460 -3% +2% -2pts BRAIN 3,632 3,783 -4% -6% -10pts ADAS 2,244 2,435 -8% -10% -
Slide 17: Key ESG KPIs
Key ESG KPIs 2019 2024 base year Emissions from operating activities – Scopes 1 & 2 in MtCO2eq. 1.1 0.4 Emissions from purchased goods and services – Upstream Scope 3 in MtCO2eq. 9.5 7.9 E Emissions from the use of Valeo products – Downstream Scope 3 Emissions reduction (Scopes 1, 2 & 3) - validated
Slide 18: Sustainability is in our DNA
Sustainability is in our DNA An ESG leader recognized by rating agencies Valeo is included in major ESG indices CAC40 SBT 1.5° 72/100 16.7 B- Prime low risk Global ESG Leaders A Climate Change AAA 61/100 ESG Leaders A- Water VALEO Q3 SALES | OCTOBER 23, 2025 18
Slide 19: 2025, a new step in improving financial performance
2025, a new step in improving financial performance FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 incl. VSeA incl. VSeA Actual Actual Guidance(a) (b) Sales €18.0bn €20.4bn €22.0bn €21.5bn ~€20.5bn (in €bn) EBITDA(c) 11.3% 11.4% 12.0% 13.3% [13.5%-14.5%] (as % of sales) Operating margin(c) 1.7% 2.4% 3.8% 4.
Slide 20: 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, 2025 244,633,504 Depositary Bank J.P. Morgan Contact at J.P. Morgan – A
Slide 21: Glossary
Glossary Order intake corresponds to business awarded by automakers during the period to Operating margin corresponds to operating income before other income and expenses Valeo, and to joint ventures and associates based on Valeo’s share in net equity (except and before net earnings of equity-accoun
Slide 22: Safe harbour statement
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, intentions and expectations
Slide 23: VALEO HALF YEAR RESULTS | JULY 25, 2024
VALEO HALF YEAR RESULTS | JULY 25, 2024