Slide 1: Q1 2017 Sales
Q1 2017 SALES JACQUES ASCHENBROICH – CHAIRMAN & CEO April 26, 2017 CONFIDENTIAL
Slide 2: Highlights
HIGHLIGHTS +22% as reported Sales of €4.8bn +13% like-for-like(1) +21% as reported OEM sales of €4.2bn +13% like-for-like(1) OEM sales outperformance Growth(1) Outperformance(2) Sustained World +13% +8pts sales growth Europe +12% +6pts China +25% +18pts Asia (excluding China) +6% +1pt North America
Slide 3: 2017 Outlook
2017 OUTLOOK Based on the following assumptions: An increase in global automotive production of between 1.5% and 2% Raw material prices and exchange rates in line with current levels Valeo confirms its objectives for 2017: Sales growth outperforming the market by more than 5 percentage points A slig
Slide 4: Sustained Sales Growth
SUSTAINED SALES GROWTH SALES OF €4.8BN, UP 22% AS REPORTED UP 13% LIKE-FOR-LIKE OEM SALES, UP 21% AS REPORTED UP 13% LIKE-FOR-LIKE, 8-POINT OUTPERFORMANCE AFTERMARKET SALES, UP 19% AS REPORTED UP 8% LIKE-FOR-LIKE April 26, 2017 CONFIDENTIAL
Slide 5: Sustained Sales Growth
SUSTAINED SALES GROWTH SALES UP 22% AS REPORTED, UP 13% LIKE-FOR-LIKE Like-for-like +13% +8% +38% +13% 106 487 €m 4,767 4,174 OEM Aftermarket Miscellaneous Sales Reported +21% +19% +54% +22% Q1 2016 3,437 Q1 2016 411 Q1 2016 69 Q1 2016 3,917 Exchange rates +1.9% Exchange rates +1.2% Exchange rates +
Slide 6: Sustained OEM Sales Growth Leading to Outperformance in All Production Regions
SUSTAINED OEM SALES GROWTH LEADING TO OUTPERFORMANCE IN ALL PRODUCTION REGIONS Q1 OEM OEM sales** Like-for-like 48% of Valeo sales sales** +13% OEM +12% World 21% of Valeo sales sales** Europe* Production***+5% Production*** +6% +11% North NorthAmerica America Outperf. +8pts Outperf. +6pts OEM sales
Slide 7: 9-Point Outperformance in Asia
9-POINT OUTPERFORMANCE IN ASIA Q1 Like-for-like 25% of Asian sales OEM +72% 29% of total sales OEM sales* Including Ichikoh sales* scope effect Japan +2% +15% OEM Production** +9% 19% of Asian sales sales* Asia +3% Production** +6% South Korea Underperf. -7pts Production** -7% Outperf. +9pts Outperf
Slide 8: Balanced Geographic Positioning
BALANCED GEOGRAPHIC POSITIONING OEM sales by production region % of OEM sales Eastern Eastern Europe & Europe & Africa Africa 16% 16% Western Western Asia excl. Europe Europe 35% Asia excl. 32% China China 53% in Asia 13% 56% in Asia & emerging 15% & emerging countries countries China China 13% US 1
Slide 9: A More Diverse Customer Portfolio
A MORE DIVERSE CUSTOMER PORTFOLIO % of OEM sales Other Other 5% 6% French* French* 16% 14% German German 30% 28% American American 23% 20% Asian** Asian** Asian** 26% Asian** 32% 26% 26% Q1 2016 Q1 2017 * Excluding Nissan ** Including Nissan 9 April 26, 2017 CONFIDENTIAL
Slide 10: Sustained Growth in the Business Groups
SUSTAINED GROWTH IN THE 4 BUSINESS GROUPS OEM sales CDA growth +10% +11% +15% +14% VIS 20% like-for-like 30% Group €4.8bn PTS 23% THS 27% % Q1 2017 sales Total sales In €m Comfort & Driving Powertrain Thermal Visibility Assistance Total sales growth +18%* +12% +23%** + %*** +30%*** Year-on-year *Inc
Slide 11: 2017 Outlook
2017 OUTLOOK April 26, 2017 CONFIDENTIAL
Slide 12: 2017 Outlook
2017 OUTLOOK Based on the following assumptions: An increase in global automotive production of between 1.5% and 2% Raw material prices and exchange rates in line with current levels Valeo confirms its objectives for 2017: Sales growth outperforming the market by more than 5 percentage points A slig
Slide 13: Contacts
CONTACTS 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 13 April 26, 2017 CONFIDENTIAL
Slide 14: Share Information
SHARE INFORMATION Share Data • Bloomberg Ticker FR FP • Reuters Ticker VLOF.PA • ISIN Number FR 0013176526 • Shares outstanding as of March 31, 2017 239,143,131 ADR Data • Ticker/Trading Symbol VLEEY • CUSIP Number 919134304 • Exchange OTC • Ratio (ADR: ord) 1:2 • Depositary Bank J.P. Morgan • Conta
Slide 15: Back-up
BACK-UP April 26, 2017 CONFIDENTIAL
Slide 16: Comfort & Driving Assistance
COMFORT & DRIVING ASSISTANCE OEM sales Like-for-like +17% +16% +12% +11% +10% change Market share* and competitors: 2016 key figures: • Sales: €3.4bn (20% of Group sales) • EBITDA: 14.7% (23% of Group EBITDA) - Driving Assistance: Valeo no.1 878 938 Valeo + Bosch + Continental ~ 57%* Total sales (€m
Slide 17: Powertrain Systems
POWERTRAIN SYSTEMS OEM sales Like-for- like +6% +11% +12% +11% +11% Market share* and competitors: change 2016 key figures: • Sales: €4bn (24% of Group sales) - Transmission Systems: Valeo no.2 • EBITDA: 13.3% (25% of Group EBITDA) Luk + Valeo + ZF Sachs ~ 47%* • 20,700 employees 983 1,028 966 1,050
Slide 18: Thermal Systems
THERMAL SYSTEMS OEM sales Like-for-like change +7% +10% +11% +12% +15% 2016 key figures: • Sales: €4.6bn (28% of Group sales) Market share* and competitors: • EBITDA: 10.0% (22% of Group EBITDA) Thermal Systems: Valeo no.2 • 22,800 employees 1,256 1,312 Total sales (€m) 1,186 Denso + Valeo + Hanon +
Slide 19: Visibility Systems
VISIBILITY SYSTEMS OEM sales Like-for- like +13% +15% +16% +14% +14% change Market share* and competitors: 2016 key figures: • Sales: €4.6bn (28% of Group sales) • EBITDA: 13.9% (30% of Group EBITDA) - Lighting Systems: Valeo-Ichikoh no.2 1,458 Total sales (€m) 1,252 Koito + Valeo-Ichikoh + Magnetti
Slide 20: Quarterly Information (in €m)
QUARTERLY INFORMATION (IN €M) 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 Q4-15 Q1-16 Q2-16 Q3-16 Q4-16 Q1-17 Comfort & Driving Assistance Systems 623 569 515 531 552 572 573 614 657 679 663 721 794 866 825 877 938 Powertrain Systems 774 817 752 818 848 848 798
Slide 21: Safe Harbor Statement
SAFE HARBOR 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 respec
Slide 22: Valeo – Smart Technology for Smarter Cars
Valeo SMART TECHNOLOGY FOR SMARTER CARS