Slide 1: Q1 2022 Sales
Q1 2022 SALES CHRISTOPHE PERILLAT CEO VALEO RESERVED April 26, 2022 |
Slide 2: Q1 Highlights
Q1 HIGHLIGHTS Launch of the Move Up plan with new 2025 financial targets Valeo’s value creation strategy built on the sustainable mobility megatrends Feb. 9 Feb. 25 March 3 Agreement signed with Honda Supplier Award in the Siemens AG to hold 100% of Development Category Valeo Siemens eAutomotive Reco
Slide 3: Q1 Financial Highlights
Q1 FINANCIAL HIGHLIGHTS 0% lfl vs. 2021 Down 3% lfl vs. 2021 Exchange rates +2.5% Scope -0.4% Sales Outperformance of 1 pt OEM Exchange rates +2.9% €4,753m Scope -0.3% Sales Outperf. of 5 pts excl. geographical mix €3,932m Good level of activity in a challenging environment Up 16% lfl vs. 2021 Sharp in
Slide 4: OEM Sales Outperformance in All Regions Q1 2022
OEM SALES OUTPERFORMANCE IN ALL REGIONS Q1 2022 North +3pts +10pts +6pts Europe outperf. outperf. China outperf. America (including Africa) 45% of Valeo sales 16% of Valeo sales 20% of Valeo sales -7% OEM sales lfl +12% OEM sales lfl +1% OEM sales lfl -17% Production* +6% Production* -2% Production* So
Slide 5: OEM Sales Outperformance in Asia Q1 2022
OEM SALES OUTPERFORMANCE IN ASIA Q1 2022 China +6pts -1pt South Korea 49% of Asian sales outperf. perf. 20% of Asian sales +12% OEM sales lfl -8% OEM sales lfl +6% Production* -7% Production* India 4% of Asian sales +5pts outperf. Asia +3pts outperf. Japan 20% of Asian sales +1pt +3% OEM sales lfl outp
Slide 6: ADAS Momentum Continues in the 1st Quarter
ADAS MOMENTUM CONTINUES IN THE 1ST QUARTER CONTRIBUTES TO SAFER MOBILITY CDA +6pts BENEFITING FROM ADAS ACCELERATION & Comfort & OEM outperformance REINVENTION OF INTERIOR EXPERIENCE Driving Assistance vs Q1 2021 Systems Leader in ADAS with 30 years of innovation Reinvention of interior ADAS OEM Sal
Slide 7: Towards High-Voltage Acceleration
TOWARDS HIGH-VOLTAGE ACCELERATION CONTRIBUTES TO GREENER MOBILITY PTS -1pt BENEFITING FROM ELECTRIFICATION ACCELERATION Power OEM performance Systems vs Q1 2021 Creating a champion in electrification by integrating VSeA after July 1, 2022 Unfavorable product mix effect with HV revenue acceleration no
Slide 8: Towards Electrification Acceleration
TOWARDS ELECTRIFICATION ACCELERATION CONTRIBUTES TO GREENER MOBILITY THS +4pts BENEFITING FROM ELECTRIFICATION ACCELERATION Thermal OEM outperformance Systems vs Q1 2021 #2 in Thermal market & eThermal leader with 2,000 xEV patents Remarkable performance in China in EV Battery thermal management pre
Slide 9: Temporary Impacted by Product and Customer Mix Effects
TEMPORARY IMPACTED BY PRODUCT AND CUSTOMER MIX EFFECTS CONTRIBUTES TO SAFER MOBILITY VIS -3pts BENEFITING FROM LIGHTING EVERYWHERE Visibility OEM performance Systems vs Q1 2021 Leader in Visibility market Business Group’s activity negatively impacted Highly efficient & scalable platform approach by b
Slide 10: 2022 Guidance Confirmed
2022 GUIDANCE CONFIRMED Based on the latest automotive production estimates, current levels of raw material and energy prices, constructive pricing discussions with our customers and the operational efficiency of our plants, we are able to confirm our 2022 financial objectives as published on February
Slide 11: Backup Slides
BACKUP SLIDES VALEO RESERVED July 22, 2021 | 11
Slide 12: Total Sales Q1 2022
TOTAL SALES Q1 2022 €m Reported 0% +14% +9% +2% -3% +16% +6% 0% Like for like ' Exchange rates +2.9% Exchange rates -1.3% Exchange rates +3.0% Exchange rates +2.5% Scope -0.3% Scope -1.0% Scope -0.2% Scope -0.4% VALEO RESERVED April 26, 2022 | 12
Slide 13: Geographic Positioning Q1 2022
GEOGRAPHIC POSITIONING Q1 2022 OEM sales by production region % of OEM sales Western Western Europe Europe 33% 30% 60% in Asia 62% in Asia & emerging & emerging countries countries Q1 2021 Q1 2022 VALEO RESERVED April 26, 2022 | 13
Slide 14: Customer Portfolio Q1 2022
CUSTOMER PORTFOLIO Q1 2022 % of OEM sales German German 31% 29% Asian Asian 32% 32% Q1 2021 Q1 2022 VALEO RESERVED April 26, 2022 | 14
Slide 15: As an ESG Leader Recognized by Rating Agencies
AS AN ESG LEADER RECOGNIZED BY RATING AGENCIES 10.7 AAA low-risk 72/100 #1 #1 B- Prime 62.2% #1 #1 #1 A- Climate Change #1* MOST REPRESENTED SUPPLIER* IN ESG INDICES INCLUDING CAC40 ESG Global ESG Leaders ESG Leaders VALEO RESERVED April 26, 2022 | 15 * excl. tire companies
Slide 16: 2019/2025 ESG Outlook
2019/2025 ESG OUTLOOK 2019 2021 2025e base year (var vs. 2019) (var vs. 2019) Emissions reduction (Scope 1, 2 & 3) in MtCO2 49.6 45.0 (-9%) 37.9 (-24%) Scope 1 & 2 emissions in tCO2/€m 57.6 45.2 (-22%) 40.0 (-31%) E Energy consumption in MWh/€m 142 161 (13%) 134 (-6%) ISO 50001 energy management cer
Slide 17: Committed to Our 2025 Targets
COMMITTED TO OUR 2025 TARGETS* EBITDA FCF Sales >5pts ~14.5% €0.8bn - €1.0bn €27.5bn EBIT Leverage OUTPERF. OVER 2021/25 VS. IHS ~6.5% <0.7x CAGR** AND OEM OUTPERF.** 2021-2025 SYNERGY EFFICIENCY PLAN DIVESTMENT OF NON STRATEGIC ASSETS PTS THS 15% 11% > 8pts > 4pts €120m €100m €500m PER YEAR PER YEA
Slide 18: Contacts
INVESTOR RELATIONS VALEO 100, rue de Courcelles F-75017 Paris France Thierry Lacorre E-mail: valeo.corporateaccess.mailbox@valeo.com Website: www.valeo.com CONTACTS VALEO RESERVED April 26, 2022 | 18
Slide 19: Share Information
SHARE INFORMATION Share Data • Bloomberg Ticker FR FP • Reuters Ticker VLOF.PA • ISIN Number FR 0013176526 • Shares outstanding as of March 31, 2022 242,574,781 ADR Data • Ticker/trading symbol VLEEY • CUSIP Number 919134304 • Exchange OTC • Ratio (ADR: ord) 1:2 • Depositary Bank J.P. Morgan • Conta
Slide 20: Safe Harbour Statement
SAFE HARBOUR 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 respe
Slide 21: VALEO RESERVED April 26, 2022 |
VALEO RESERVED April 26, 2022 |