Slide 1: Q3 2016 Sales
Q3 2016 Sales Jacques Aschenbroich Chairman and CEO October 20, 2016 October 20, 2016 I 1
Slide 2: Q3 highlights
Q3 highlights +16% as reported Sales of €4bn +12% like-for-like(1) +16% as reported OEM sales of €3.5bn +12% like-for-like(1) OEM sales outperformance Growth(1) Outperformance(2) Sustained World +12% +7pts sales growth Europe +9% +10pts China +39% +16pts Asia (excluding China) +7% +7pts North Americ
Slide 3: YTD sales figures
YTD sales figures +13% as reported Sales of €12.1bn +11% like-for-like(1) +14% as reported OEM sales of €10.6bn +12% like-for-like(1) OEM sales outperformance Growth(1) Outperformance(2) Sustained World +12% +9pts sales growth Europe +12% +9pts China +20% +9pts Asia (excluding China) +10% +11pts Nor
Slide 4: 2016 outlook
2016 outlook Based on a revision from 2.5% to 3% of the growth forecast for global automotive production in 2016: - We are raising our full-year 2016 target operating margin to around 8% (as a percentage of sales), despite the increase in net R&D expenditure to fuel the Group's future growth, and ar
Slide 5: Sustained sales growth
Sustained sales growth with, in Q3 Sales of €4bn, up 16% as reported up 12% like-for-like OEM sales up 16% as reported 7-point outperformance, up 12% like-for-like Aftermarket sales up 8% as reported up 5% like-for-like October 20, 2016 I 5
Slide 6: Sustained Q3 sales up 16% as reported, up 12% like-for-like
Sustained Q3 sales up 16% as reported, up 12% like-for-like YTD sales up 13% as reported, up 11% like-for-like Like-for-like +11% +12% +11% 12,124 8,130 3,994 €m H1 16 Q3 16 YTD 16 Reported +11% +16% +13% H1-2015 7,298 Q3-2015 3,449 YTD-2015 10,747 Exchange rates -1.8% Exchange rates 0.0% Exchange r
Slide 7: Sustained Q3 OEM sales up 16% as reported, up 12% like-for-like
Sustained Q3 OEM sales up 16% as reported, up 12% like-for-like Aftermarket sales up 8% as reported, up 5% like-for-like Aftermarket sales OEM sales +6%* +5%* +6%* 1,262 X,XXX *Like-for-like +12%* +12%* +12%* 845 2,516 417 H1 16 Q3 16 YTD 16 +4%** +8%** +5%** 10,578 7,106 Miscellaneous €m 3,472 +6%*
Slide 8: Sustained OEM sales growth in Q3 leading to a strong outperformance in all production regions
Sustained OEM sales growth in Q3 leading to a strong outperformance in all production regions Q3 OEM Like-for-like sales** OEM +12% 48% of Valeo sales sales** World Production***+5% OEM Europe* +9% 22% of Valeo sales sales** Production*** -1% Outperf. +7pts +7% North America Outperf. +10pts Producti
Slide 9: 13-point outperformance in Asia
13-point outperformance in Asia Q3 Like-for-like OEM 28% of total sales Sales** 18% of Asian sales OEM Sales** +23% Asia* Japan -2% Production*** +10% Production*** 0% OEM 22% of Asian sales Sales** Outperf. +13pts Underperf. -2pts +15% Korea Production*** -18% Outperf. +33pts OEM 52% of Asian sales
Slide 10: Sustained OEM sales growth leading to a 9-point outperformance
Sustained OEM sales growth leading to a 9-point outperformance OEM YTD sales** Like-for-like +12% OEM World 50% of Valeo sales Production***+3% sales** OEM Europe* +12% 22% of Valeo sales sales** Outperf. +9pts Production*** +3% +9% North America Outperf. +9pts Production*** +3% Outperf. +6pts OEM 1
Slide 11: Outperformance in all Asian countries
Outperformance in all Asian countries YTD Like-for-like 18% of Asian sales OEM OEM 26% of total sales Sales** sales** Japan -2% +15% Asia* Production*** -3% Production*** +5% OEM Outperf. +1pt 23% of Asian sales Sales** Outperf. +10pts +22% Korea Production*** -9% Outperf. +31pts OEM 51% of Asian sa
Slide 12: Balanced geographic positioning
Balanced geographic positioning OEM sales by production region Eastern Eastern Europe & Europe & Africa Africa 15% 16% Western Western Asia excl. Europe Europe Asia excl. China China 35% 35% 54% in Asia 13% 53% in Asia 13% & emerging & emerging countries countries China China 13% 13% SA US SA US 2%
Slide 13: Balanced customer portfolio
Balanced customer portfolio % of OEM sales Other Other 6% 6% French* French* 15% German 15% German 30% 31% American American 24% 22% Asian** Asian** Asian** Asian** 26% 25% 29% 26% 2015 YTD end-September 2016 * Excluding Nissan ** Including Nissan October 20, 2016 I 13
Slide 14: Sustained Q3 growth in the Business Groups
Sustained Q3 growth in the 4 Business Groups CDA VIS 20% 28% Group €12.1bn OEM sales growth PTS YTD sales (like-for-like) 24% growth THS 28% (year-on-year) H1 Q3 YTD Performance % YTD 2016 sales CDA* +24% +16% +12% +15% Powertrain +6% +8% +11% +9% Thermal +12% +9% +10% +9% Visibility +11% +14% +16%
Slide 15: 2016 outlook
2016 outlook October 20, 2016 I 15
Slide 16: 2016 outlook
2016 outlook Based on a revision from 2.5% to 3% of the growth forecast for global automotive production in 2016: - We are raising our full-year 2016 target operating margin to around 8% (as a percentage of sales), despite the increase in net R&D expenditure to fuel the Group's future growth, and ar
Slide 17: 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 E-mail: thierry.lacorre@valeo.com Website: www.valeo.com October 20, 2016 I 17
Slide 18: Share Information
Share Information Share Data Bloomberg Ticker FR FP Reuters Ticker VLOF.PA ISIN Number FR 0013176526 Shares outstanding as of September 30, 2016 238,387,620 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. Morga
Slide 19: Back-up
Back-up - Valeo October 20,2016) 19 _—
Slide 20: Comfort & Driving Assistance Systems
Comfort & Driving Assistance Systems H1 2016 key figures: • Sales: €1.7bn (20% of Group sales) • EBITDA: 14.5% (23% of Group EBITDA) Sales performance 2015 key figures: OEM sales • 15,300 employees like-for-like +16% +12% +15% • 26 production units • 8 development centers • 9 research centers Total
Slide 21: Powertrain Systems
H1 2016 key figures: Powertrain Systems • Sales: €2.0bn (25% of Group sales) • EBITDA: 12.7% (25% of Group EBITDA) 2015 key figures: Sales performance • 19,400 employees OEM sales • 36 production units like-for-like +8% +11% +9% • 15 development centers • 6 research centers 2,977 Market share* and c
Slide 22: Thermal Systems
Thermal Systems H1 2016 key figures: • Sales: €2.2bn (27% of Group sales) Sales performance • EBITDA: 10.1% (22% of Group EBITDA) 2015 key figures: OEM sales like-for-like +9% +10% +9% • 20,100 employees • 48 production units • 10 development centers • 3 research centers 3,389 Total sales (€m) 2,249
Slide 23: Visibility Systems
Visibility Systems H1 2016 key figures: • Sales: €2.3bn (28% of Group sales) • EBITDA: 13.9% (30% of Group EBITDA) Sales performance 2015 key figures: OEM sales • 26,300 employees like-for-like +14% +16% +9% • 35 production units • 15 development centers • 5 research centers 3,397 Market share* and
Slide 24: Quarterly information
Quarterly information In €m (2014 restated in accordance with IFRIC 21) 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 Comfort & Driving Assistance Systems 623 569 515 531 552 572 573 614 657 679 663 721 794 866 825 Powertrain Systems 774 8
Slide 25: Safe Harbor Statement
Safe Harbor Statement Statements contained in this press release, 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 r
Slide 26: Valeo: Automotive technology, naturally
Valeo Automotive technology, naturally EN