Forvia Se · EURONEXT:FRVIA
Forvia — Faurecia — Q3 2021 Earnings Presentation
20 slides from Forvia's earnings presentation, Oct 26, 2021
Slide 1: Q3 2021 Sales
Q3 2021 SALES Strong outperformance Confirmed 2021 guidance Hella acquisition on track October 26, 2021
Slide 2: Q3 2021 Highlights
Q3 2021 Highlights Strong organic sales outperformance of 780bps with Q3 2021 at €3.4bn, in a market that continued to be severely impacted by semiconductor shortage and consequent Stop-and-Gos: ▸ All Business Groups and Regions posted significant outperformance ▸ Organic growth of +7.3% for Clarion
Slide 3: Agenda
Agenda 1 Review of Q3 2021 sales 2 FY 2021 guidance 3 Update on Hella acquisition 3 ● Q3 2021 Sales - October 26, 2021
Slide 4: Strong organic sales outperformance of 780bps in Q3 2021
Strong organic sales outperformance of 780bps in Q3 2021, despite ongoing severe impact from semiconductor shortage €3,874m €3,823 €39m €(436)m +1.0% vs. worldwide automotive production -11.4% (19.2)%* €3,426 Q3 2020 Q3 2020 Currency Scope Organic Q3 2021 published IFRS 5 effect effect growth Report
Slide 5: Seating and Interiors
Seating Interiors 38% of Group sales 29% of Group sales €1,500m €19m €(214)m €1,119m €5m €(127)m €1,305m €997m +1.3% +0.5% -14.3% -11.3% vs. worldwide vs. worldwide automotive production automotive production (19.2)%* (19.2)%* Organic sales down 14.3% in Q3 2021, an Organic sales down 11.3% in Q3 20
Slide 6: Clean Mobility and Clarion Electronics
Clean Mobility Clarion Electronics 27% of Group sales 6% of Group sales €1,023m €13m €(108)m €181m €1m €13m €195m €928m +1.3% -10.5% +0.6% +7.3% vs. worldwide vs. worldwide automotive production automotive production (19.2)%* (19.2)%* Organic sales down 10.5% in Q3 2021, a strong Strong organic grow
Slide 7: Europe and North America
Europe North America 39% of Group sales 26% of Group sales €1,677m €(4)m €(334)m €1,097m €(4)m €(190)m €1,339m €903m -0.2% -0.3% -19.9% -17.3% vs. regional vs. regional automotive production automotive production (29.6)%* (25.2)%* Organic sales down 19.9% in Q3 2021, a Organic sales down 17.3% in Q3
Slide 8: Asia and Rest of the World
Asia Rest of the World 29% of Group sales 6% of Group sales €29m €184m €59m €1,000m €38m €8m €903m €147m +4.2% +6.5% +19.9% vs. regional +5.5% automotive production (13.8)%* In Q3 2021, sales exceeded pre-Covid level of Organic sales up 19.9% vs Q3 2021 Q3 2019 both in Asia & China ▸ In South Americ
Slide 9: Agenda
Agenda 1 Review of Q3 2020 sales 2 FY 2021 guidance 3 Update on Hella acquisition 9 ● Q3 2021 Sales - October 26, 2021
Slide 10: Confirmed FY 2021 guidance, as recently updated
Confirmed FY 2021 guidance, as recently updated On September 23, Faurecia adjusted its FY 2021 guidance to reflect the strong reset released by IHS Markit of worldwide automotive production forecast from 77 million to 72 million units for the full-year 2021* Based on this forecast, Faurecia confirms
Slide 11: Agenda
Agenda 1 Review of Q3 2020 sales 2 FY 2021 guidance 3 Update on Hella acquisition 11 ● Q3 2021 Sales - October 26, 2021
Slide 12: Hella acquisition process on track
Hella acquisition process on track Takeover Offer launched on Sept. 27 to end on Nov. 11 Faurecia and Hella launched project “One” in order to be ready at closing. The two main objectives are: ▸ Ensure the combined group is ready to operate efficiently from Day 1 post-closing (Governance and Organiz
Slide 13: Appendices
Appendices ● Q3 2021 Sales - October 26, 2021
Slide 14: IFRS 5 - Discontinued Operations
IFRS 5 - Discontinued Operations On February 18, Faurecia announced that it had signed a Memorandum of Understanding for the sale of its AST (Acoustics and Soft Trim) division and all conditions are met to qualify this activity as discontinued, in compliance with IFRS 5 Therefore, Group sales in 202
Slide 15: 9m sales by Business Group
9m sales by Business Group RESTATED FOR GROWTH Sales (in €m) CURRENCY EFFECT SCOPE EFFECT* REPORTED IFRS 5 EX-CURRENCIES 9M 2020 value % value % value % 9M 2021 % Seating 3,771 -59 -1.6% 560 +14.9% - - 4,272 +13.3% Interiors 2,956 -101 -3.4% 459 +15.5% 60 +2.0% 3,373 +14.1% Clean Mobility 2,669 -78
Slide 16: 9m sales by region
9m sales by region RESTATED FOR GROWTH Sales (in €m) CURRENCY EFFECT SCOPE EFFECT* REPORTED IFRS 5 EX-CURRENCIES 9M 2020 value % value % value % 9M 2021 % Europe 4,618 -45 -1.0% 536 +11.6% 35 0.8% 5,144 +11.4% North America 2,571 -168 -6.5% 264 +10.3% 17 0.6% 2,683 +4.4% Asia 2,373 2 +0.1% 475 +20.0
Slide 17: Investor Relations
Share Data INVESTOR RELATIONS Bloomberg Ticker: EO:FP Reuters Ticker: EPED.PA Datastream: F:BERT Marc MAILLET ISIN Code: FR0000121147 Tel: +33 1 72 36 75 70 E-mail: marc.maillet@faurecia.com Matthieu FERNANDEZ Mob: +33 6 22 02 01 54 Bonds ISIN Codes E-mail: matthieu.fernandez@faurecia.com 2025 bonds
Slide 18: Definitions of terms used in this document
Definitions of terms used in this document Sales growth Faurecia’s year-on-year sales evolution is made of three components: ▸ A “Currency effect”, calculated by applying average currency rates for the period to the sales of the prior year, ▸ A “Scope effect” (acquisition/divestment), ▸ And “Growth
Slide 19: Disclaimer
Disclaimer Important information concerning forward looking statements This presentation contains certain forward-looking statements concerning Faurecia. Such forward-looking statements represent trends or objectives and cannot be construed as constituting forecasts regarding the future Faurecia’s r
Slide 20: Faurecia inspiring mobility
‘Faurecia inspiring mobility