Forvia Se · EURONEXT:FRVIA
Forvia — Faurecia — Q3 2017 Earnings Presentation
25 slides from Forvia's earnings presentation, Oct 12, 2017
Slide 1: Q3 2017 Sales: Strong organic growth, confirmed momentum
Q3 2017 SALES Strong organic growth, October 12, 2017 confirmed momentum
Slide 2: Q3 2017 Sales Key facts
Q3 2017 Sales Key facts Sales Since January 1, 2017, Faurecia reports on value-added sales, which are total sales less monolith sales (a table in appendix details the reconciliation between total sales and VA sales) JV consolidation Chang’An (China, Interiors): Fully consolidated (vs. Equity
Slide 3: Key messages from Q3 sales
Key messages from Q3 sales Strong organic* growth in Q3 2017: VA sales at €3,790.3m +10.7% on an organic* basis, improving after the +8.5% recorded in H1 870bps above worldwide automotive production**, improving after the 550bp outperformance recorded in H1 +7.3% on a reported basis, impacte
Slide 4: Confirmed momentum in organic sales growth
Confirmed momentum in organic* sales growth 2016 2017 Automotive Organic vs. In €m Currencies Scope Organic* reported reported production** auto. prod. H1 7,921.7 109.2 (117.2) 671.0 8,584.7 +3.0% +550bps YoY change +8.5% +8.4% Q3 3,531.2 (117.5) 0 376.6 3,790.3 +2.0% +870bps YoY change +10.7% +7.3%
Slide 5: Seating posted strong organic growth in all regions
Seating posted strong organic growth in all regions Q3 2017 +9.5%* VA sales amounted to €1,613.2m €1,613.2m They were up 9.5% on an organic* basis (up 6.4% reported), €1,515.6m significantly outperforming worldwide automotive production growth (+2.0%**) Strong organic growth in all regions: Eu
Slide 6: Clean Mobility continued to be boosted by CVEs and Chinese OEMs
Clean Mobility continued to be boosted by CVEs and Chinese OEMs Q3 2017 +10.1%* VA sales amounted to €1,017.7m €1,017.7m They were up 10.1% on an organic* basis (up 6.1% reported), significantly outperforming worldwide automotive production €959.5m growth (+2.0%**) Strong organic growth in Eur
Slide 7: Interiors was mainly boosted by Asia and South America
Interiors was mainly boosted by Asia and South America Q3 2017 VA sales amounted to €1,159.4m +13.0%* They were up 13.0% on an organic* basis (up 9.8% reported), €1,159.4m significantly outperforming worldwide automotive production growth (+2.0%**) €1,056.1m Organic growth included €118.4m (11
Slide 8: Europe: Sales momentum in a solid market
Europe Sales momentum in a solid market Q3 2017 +8.7%* VA sales amounted to €1,830.2m €1,830.2m They were up 8.7% on an organic* basis (up 8.0% reported), outperforming European (incl. Russia) automotive production €1,694.6m growth (+5.4%**) Limited negative currency impact of €12m, mainly att
Slide 9: North America: Stable organic sales thanks to CVEs, SUVs and Light trucks
North America Stable organic sales thanks to CVEs, SUVs and Light trucks Q3 2017 -0.1%* €1,050.7m VA sales amounted to €986.4m €986.4m They were stable (-0.1%) on an organic* basis (down 6.1% reported), outperforming North American automotive production growth that dropped by 8.1% in the quarter
Slide 10: Asia: Strong growth in China, driven by market share gain and Chinese OEMs
Asia Strong growth in China, driven by market share gain and Chinese OEMs Q3 2017 VA sales amounted to €700.8m +25.1%* They were up 25.1% on an organic* basis (up 19.3% reported), €700.8m outperforming Asian automotive production growth (+2.9%**) €587.5m Negative currency impact of €34m, mainl
Slide 11: South America: Sales turnaround supported by gradual market recovery
South America Sales turnaround supported by gradual market recovery Q3 2017 €201.2m VA sales amounted to €201.2m +47.5%* They were up 47.5% on an organic* basis (up 41.0% reported), outperforming South American automotive production growth (+25.0%**) €142.7 m Negative currency impact of €9.3m,
Slide 12: FY 2017 guidance confirmed
FY 2017 guidance confirmed Our performance in the first nine months of the year and the expected performance in Q4 strengthen our strong confidence in achieving our full-year financial targets, as recently upgraded on July 21 2017 2017 2017 2017 Value-added Operating Net cash Earnings sales growth
Slide 13: Calendar
Calendar January 7-12, 2018 February 16, 2018 First participation FY 2017 results announcement at CES Las Vegas (before market hours) Second Quarter 2018 Capital Markets Day "Smart Life on Board" Q3 2017 Sales – October 12, 2017 13
Slide 14: Q3 2017 Sales Appendices
‘Faurecia inspiring mobility Q3 2017 SALES Appendices
Slide 15: Value-added sales by business group and region Q3
Value-added sales by business group and region Q3 Value-added sales (in €m) Q3 2016 Q3 2017 YoY organic* YoY reported Seating 1,515.6 1,613.2 9.5% 6.4% Clean Mobility 959.5 1,017.7 10.1% 6.1% Interiors 1,056.1 1,159.4 13.0% 9.8% Europe 1,694.6 1,830.2 8.7% 8.0% North America 1,050.7 986.4 -0.1% -6.1
Slide 16: Value-added sales by business group and region 9m
Value-added sales by business group and region 9m Value-added sales (in €m) 9m 2016 9m 2017 YoY organic* YoY reported Seating 4,815.0 5,246.2 9.0% 9.0% Clean Mobility 3,063.9 3,305.0 7.7% 7.9% Interiors 3,574.0 3,823.8 10.5% 7.0% Europe 5,898.0 6,125.4 4.4% 3.9% North America 3,276.0 3,387.5 6.7% 3.
Slide 17: Sales reconciliation Q3 & 9m
Sales reconciliation Q3 & 9m YoY YoY YoY YoY in €m Q3 2016 Q3 2017 9m 2016 9m 2017 organic* reported organic* reported Product sales 3,250.9 3,474.9 10.2% 6.9% 10,545.6 11,285.9 8.2% 7.0% R&D and Tooling 280.3 315.4 15.6% 12.5% 907.3 1,089.1 20.0% 20.0% Value-added sales 3,531.2 3,790.3 10.7% 7.3% 1
Slide 18: Detailed currency and scope effects by business group Q3
Detailed currency and scope effects by business group Q3 Reported Currencies Scope Organic* Reported VA sales in €m Q3 2016 Value % Value % Value % Q3 2017 % Seating 1,515.6 -45.7 -3.0% 0.0 0.0% 143.3 9.5% 1,613.2 6.4% Clean Mobility 959.5 -38.3 -4.0% 0.0 0.0% 96.5 10.1% 1,017.7 6.1% Interiors 1,056
Slide 19: Detailed currency and scope effects by business group 9m
Detailed currency and scope effects by business group 9m Reported Currencies Scope Organic* Reported VA sales in €m 9m 2016 Value % Value % Value % 9m 2016 % Seating 4,815.0 -4.3 -0.1% 0.0 0.0% 435.5 9.0% 5,246.2 9.0% Clean Mobility 3,063.9 5.8 0.2% 0.0 0.0% 235.3 7.7% 3,305.0 7.9% Interiors 3,574.0
Slide 20: Detailed currency and scope effects by region Q3
Detailed currency and scope effects by region Q3 Reported Currencies Scope Organic* Reported VA sales in €m Q3 2016 Value % Value % Value % Q3 2017 % Europe 1,694.6 -12.0 -0.7% 0.0 0.0% 147.6 8.7% 1,830.2 8.0% North America 1,050.7 -62.9 -6.0% 0.0 0.0% -1.4 -0.1% 986.4 -6.1% Asia 587.5 -34.2 -5.8% 0
Slide 21: Detailed currency and scope effects by region 9m
Detailed currency and scope effects by region 9m Reported Currencies Scope Organic* Reported VA sales in €m 9m 2016 value % value % value % 9m 2017 % Europe 5,898.0 -33.4 -0.6% 0.0 0.0% 260.8 4.4% 6,125.4 3.9% North America 3,276.0 8.1 0.2% -117.2 -3.6% 220.6 6.7% 3,387.5 3.4% Asia 1,768.8 -37.4 -2.
Slide 22: 2018 ambitions (as presented at Investor Day, April 19, 2016)
2018 ambitions (as presented at Faurecia’s Investor Day held on April 19, 2016) Faurecia’s profitable growth trajectory: Growing at a sustained pace, outperforming the market Improving profitability Generating more cash-flow Increasing earnings per share 2018 AMBITIONS +6%* 7% 400 bps abov
Slide 23: Contact & share data
Contact & share data Investor Relations Share Data Marc MAILLET Bloomberg Ticker: EO:FP Reuters Ticker: EPED.PA 2, rue Hennape Datastream: F:BERT 92735 Nanterre ISIN Code: FR0000121147 France Tel: +33 1 72 36 75 70 Bonds ISIN Codes Fax: +33 1 72 36 70 30 E-mail: marc.maillet@faurecia.com 2022 bonds
Slide 24: Safe Harbor Statement
Safe Harbor Statement This report contains statements that are not historical facts but rather forward-looking statements. The words "will," "may," "designed to," "outlook," "believes," "should," "anticipates," "plans," "expects," "intends," "estimates" and similar expressions identify these forward
Slide 25: Faurecia inspiring mobility
‘Faurecia inspiring mobility