Slide 1: Q3 2013 Sales
Q3 2013 Sales Jacques ASCHENBROICH – CEO October 17, 2013 October 17, 2013 I 1
Slide 2: Highlights
Highlights In Q3, sales came to 2,905 M€ sales growth accelerated to 12% like-for-like (YTD sales up 8% like-for-like) balanced performance between OEM (+13% like-for-like) and aftermarket (+10% like- for-like) sales OEM sales growth, up 13% like-for-like 11 percentage points above the global market
Slide 3: 2013 outlook
2013 outlook Based on the following key assumptions for FY 2013: Automotive production: Europe: -2% to -3% World: +2% Valeo confirms the objectives set when the Group released the first-half 2013 results: Performance higher than the market in the main production regions Assuming stabilized market co
Slide 4: Sales growth accelerated in Q3, up 12% like-for-like
Sales growth accelerated in Q3, up 12% like-for-like Balanced performance between OEM (+13%) and aftermarket (+10%) sales Balanced growth across the different production regions October 17, 2013 I 4
Slide 5: Total sales growth accelerated in Q3, up 12% like-for-like
Total sales growth accelerated in Q3, up 12% like-for-like YTD sales totaled 9.1 bn€, up 8% like-for-like In M€ *Like-for-like +8%* +1%* +10%* +12%* 9,071 3,039 3,127 2,905 YTD 13 Q1 13 Q2 13 Q3 13 Year-on-year +3% Year-on-year 0% Year-on-year +5% Year-on-year +2% Exchange rates -2.8% Exchange rates
Slide 6: Balanced performance between OEM and aftermarket sales
Balanced performance between OEM and aftermarket sales Changes in exchange rates (mainly BRL, JPY & USD) and Group structure (mainly Access Mechanisms) at respectively -5.3% and -5.1% in Q3 Aftermarket In M€ OEM sales +8%* +4%* +8%* +10%* In M€ X,XXX *Like-for-like +8%* 0%* +12%* +13%* 1,133 2,516 3
Slide 7: OEM sales growth accelerated, to 13%, 11pts higher than market
OEM sales growth accelerated, to 13%, 11pts higher than market Strong growth evenly spread across the different regions, improvement in SA Q3 Q3 Outperf. Outperf. +11pts* Outperf. +9pts* World +20pts* OEM sales*** +13% North America Europe** Production**** +2% OEM sales*** +25% OEM sales*** +10% Pro
Slide 8: OEM sales, up 8% like-for-like, 6pts higher than market
OEM sales, up 8% like-for-like, 6pts higher than market Strong growth evenly spread across the different regions YTD Outperf. +6pts* Outperf. Outperf. +7pts* World +14pts* OEM sales*** +8% North America Europe** Production**** +2% OEM sales*** +18% OEM sales*** +5% Production**** +4% Production****
Slide 9: Asian OEM sales growth, 6pts higher than market
Asian OEM sales growth, 6pts higher than market Above-market growth in all our main countries Outperf. +6pts* YTD Asia** OEM sales*** +7% Production**** +1% Outperf. 25% of Valeo sales +8pts* Outperf. India +12pts* OEM sales*** -5% Production**** -13% China OEM sales*** +23% Outperf. 4% of Asian sal
Slide 10: Geographic repositioning
Geographic repositioning Western Europe down 1pt to 37%, US & Mexico (NA) up 2pts at 18% OEM sales by production region Eastern Eastern Europe & Europe & Africa Africa 14% 14% Western Western Western Western Europe Europe Europe Europe 38% 38% 40% Asia 37% 54% in Asia 54% in Asia Asia 26% & emerging
Slide 11: Balanced customer portfolio
Balanced customer portfolio % of OEM sales Other Other 6% 6% French* French* German 17% German 18% 29% 30% American American 18% 21% AAsian** sian** Asian** Asian** 26% 29% 29% 26% 2012 At end-September 2013 * Excluding Nissan ** Including Nissan October 17, 2013 I 11
Slide 12: Above-market growth in all Business Groups
Above-market growth in all Business Groups Strong growth for the Visibility and Comfort & Driving Assistance BGs YTD total OEM growth like-for-like sales growth YTD Q1 Q2 Q3 CDA -10% +7% -3% +10% +18% Powertrain +2% +4% -2% +7% +6% Thermal +1% +5% -3% +8% +10% Visibility +18% +19% +10% +26% +23% Oct
Slide 13: 2013 outlook
2013 outlook October 17, 2013 I 13
Slide 14: 2013 outlook
2013 outlook Based on the following key assumptions for FY 2013: Automotive production: Europe: -2% to -3% World: +2% Valeo confirms the objectives set when the Group released the first-half 2013 results: Performance higher than the market in the main production regions Assuming stabilized market co
Slide 15: Investor Relations
Contact 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 Web site: www.valeo.com October 17, 2013 I 15
Slide 16: Share Information
Share Information Share Data • Bloomberg Ticker FR FP • Reuters Ticker VLOF.PA • ISIN Number FR 000130338 • Shares outstanding as of September 30, 2013 79,462,540 ADR Data • Ticker/trading symbol VLEEY • CUSIP Number 919134304 • Exchange OTC • Ratio (ADR: ord) 1:2 • Depositary Bank J.P. Morgan • Con
Slide 17: Back-up
Back-up - Valeo vA Neto 17,2013 17
Slide 18: Quarterly information
Quarterly information In M€ Sales by segment Q1-10 Q2-10 Q3-10 Q4-10 Q1-11 Q2-11 Q3-11 Q4-11 Q1-12 Q2-12 Q3-12 Q4-12 Q1 13 Q2 13 Q3 13 Comfort & Driving Assistance 408 440 418 438 481 489 567 620 657 634 616 604 629 570 521 Powertrain Systems 636 708 625 714 767 782 743 834 855 826 784 802 833 877 8
Slide 19: Safe Harbor Statement
Safe Harbor Statement Statements contained in this report, which are not historical fact, constitute “Forward-Looking Statements”. Even though Valeo’s management feels that the Forward-Looking Statements are reasonable, investors are put on notice that actual results may differ materially due to num
Slide 20: Valeo - Automotive technology, naturally
Valeo Automotive technology, naturally EN