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Valeo — Bank of America webinar (May 2021)
56 slides from Valeo's conference presentation, May 18, 2021
Slide 1: Technology Leadership
TECHNOLOGY LEADERSHIP Bank of America ⬝ 18 May 2021 VALEO RESERVED May 2021 | 1
Slide 2: We are a high tech company
WE ARE A HIGH TECH COMPANY #1 #1 In ELECTRIFICATION In ADAS* Market Leader on 48V MHEV & BEV First to market LiDAR & L3 autonomous OUR PARTNERS #1 #2 In LIGHTING In THERMAL SYSTEMS First to market sensor cleaning Leader in Battery thermal management system & HVAC for EV Leader in Bus climate solutio
Slide 3: Leadership in Electrified Mobility
LEADERSHIP IN ELECTRIFIED MOBILITY Bank of America ⬝ 18 May 2021 VALEO RESERVED May 2021 | 3
Slide 4: Electrification is now accelerating
ELECTRIFICATION IS NOW ACCELERATING BEV sales Regulations China 21% by 2030 Push through NEV credits as well and strong 61% in 2040 ++ ++ +/- infrastructure push City bans EVs Launched +20 cities +500 have announced from 2018 to 2023 banning plans source: McKinsey VALEO RESERVED May 2021 | 4
Slide 5: The next decade will see a massive shift
THE NEXT DECADE WILL SEE A MASSIVE SHIFT Conventional 12+12V 2019 2025 2030 48V HEV FHEV 9% 42% 68% PHEV BEV 3% 4% In 2030, 48V and BEV will take highest share of electrified powertrains. VALEO RESERVED May 2021 | 5
Slide 6: Our objective. Leading. The electrification revolution
OUR OBJECTIVE. LEADING. THE ELECTRIFICATION. REVOLUTION. VALEO VALEO RESERVED RESERVED May 2021 | 6
Slide 7: Electric mobility covers very different segments
ELECTRIC MOBILITY COVERS VERY DIFFERENT SEGMENTS Small Electric Light Electric Mild Electric Hybrid Plug-in Hybrid Full Electric LOW VOLTAGE (12V & 48V) HIGH VOLTAGE (60V+) THERMAL MANAGEMENT VALEO RESERVED May 2021 | 7
Slide 8: Electric mobility is a fundamental technological shift
ELECTRIC MOBILITY IS A FUNDAMENTAL TECHNOLOGICAL SHIFT CONVENTIONAL INCREASING ELECTRIFICATION Mild Hybrid Full Hybrid Plug-in Hybrid Full Electric 48V 48V or High Voltage On-Board Charger DCDC converter Inverter Full eDrive Generator eMotor 48V HV Engine Gearbox Battery Thermal Mgmt Battery Cooling
Slide 9: Car architectures are completely redesigned
CAR ARCHITECTURES ARE COMPLETELY REDESIGNED E-powertrain HVAC with High voltage Air grille shutter cooling module Inverter Charger & electric heaters HW + SW DCDC High Voltage coolant heater Battery coolers Motor & & heaters Transmission Heat pump system / e-compressor Battery composite casing Batte
Slide 10: We have completely revisited our portfolio
WE HAVE COMPLETELY REVISITED OUR PORTFOLIO WE HAVE DEVELOPED FULLY REUSABLE PLATFORMS WITH ELECTRONICS & SOFTWARE POWERTRAIN SMART THERMAL CHARGING ELECTRIFICATION MANAGEMENT SOLUTIONS Heat pump Coolant e-Heater Motors Inverters Charging station Battery Thermal OBC* DC/DC eDrive e-Compressor Managem
Slide 11: Leader in low & high voltage solutions
LEADER. IN LOW & HIGH. VOLTAGE. SOLUTIONS. VALEO VALEO RESERVED RESERVED May 2021 |
Slide 12: We walk the talk
WE WALK THE TALK eDrive systems VALEO RESERVED May 2021 | 12 VALEO RESERVED 2020 September 25 | 12
Slide 13: We walk the talk
WE WALK THE TALK Battery R744 Heat Front & Rear HVAC with HV Cooler & pump Inverters air Heater Chiller exchangers VALEO RESERVED May 2021 | 13 VALEO RESERVED 2020 September 25 | 13
Slide 14: We walk the talk
WE WALK THE TALK Motor Inverter eCompressor VALEO RESERVED May 2021 | 14 VALEO RESERVED 2020 September 25 | 14
Slide 15: Major BEV, PHEV & 48V SOPs recent growth drivers
MAJOR BEV, PHEV & 48V SOP’S RECENT GROWTH DRIVERS (2020-2021) Volkswagen Mercedes-Benz Hyundai - KIA Li Auto ID.3 & ID.4 EQS Tucson, Sportage One ● Inverter ● eDrive System ● iBSG 48V ● Battery cooler ● Battery Coolers ● Heat pump systems ● AC unit with HV electric heater ● Electrical compressor ● B
Slide 16: We are a world leader of high voltage solutions
WE ARE A WORLD LEADER OF HIGH VOLTAGE SOLUTIONS Mercedes EQS DS7 Crossback Renault Master ZE BJEV ARCFOX Peugeot 3008 BMW 5.30e Opel GrandLand X Range Rover Evoque BMW 3.30e LEV TX5 BAIC C10 Volvo XC40 Tata Nexon GAC Trumpchi GE3 Smart For2 eGO Life Polestar 2 Renault Clio Smart For4 BAIC EU400 Volv
Slide 17: We have developed successful technological platforms
WE HAVE DEVELOPED SUCCESSFUL TECHNOLOGICAL PLATFORMS FOR ELECTRIFICATION 48V ELECTRIFICATION GROUP CUMULTATED OI (end of 2020) E-THERMAL SOLUTIONS 23.7bn€ HIGH VOLTAGE ELECTRIFICATION VALEO RESERVED May 2021 | 17
Slide 18: Competitive positioning of powertrain & thermal solutions
COMPETITIVE POSITIONING OF POWERTRAIN & THERMAL SOLUTIONS Non exhaustive list Competitor 1 Competitor 2 Competitor 3 Competitor 4 Competitor 5 Competitor 6 Competitor 7 Hybrid machines (1) ePowertrains (2) Electronics (3) Battery Cooler Heat Pump (1) 48 belt starter generator & 48V eMotor (2) eMotor
Slide 19: Key player of new mobility solutions
KEY PLAYER. OF NEW MOBILITY. SOLUTIONS. VALEO VALEO RESERVED RESERVED May 2021 |
Slide 20: New electric mobility opportunities
NEW ELECTRIC MOBILITY OPPORTUNITIES 2 3 DROIDS SHARED WHEELER WHEELER MOBILITY LAST MILE LOW SPEED DELIVERY DIGITAL EV VALEO RESERVED May 2021 | 20 VALEO RESERVED May 2021 | 20
Slide 21: New electric mobility is a (big) market opportunity
NEW ELECTRIC MOBILITY IS A (BIG) MARKET OPPORTUNITY 2030 ADDRESSABLE MARKET FOR VALEO TECHNOLOGIES Traditional Valeo scope +56% + eMobility 156 100 Traditional Valeo scope (base 100) DRIVEN BY REGULATIONS NEW BUSINESS MODELS CONSUMER ACCEPTANCE VALEO RESERVED NOVEMBER May2020 2021 | 21
Slide 22: New electric mobility opportunities
NEW ELECTRIC MOBILITY OPPORTUNITIES WE ADAPT/DEVELOP OUR PORTFOLIO 2 Wheeler 3 Wheeler 4 Wheeler eBike eScooter eRickshaw eDroid & eVans Small EV Robotaxis ■ eMotor ■ eMotor ■ eMotor ■ Skateboard ■ 48V eDrive ■ HV eDrive ■ HMI ■ Lighting ■ Lighting ■ eMotor ■ Healthy Car ■ Healthy Car ■ Lighting ■ F
Slide 23: New electric mobility opportunities: 2 and 3 wheelers
NEW ELECTRIC MOBILITY OPPORTUNITIES MARKET PERSPECTIVE IN 2030 2 Wheeler 3 Wheeler eBike eScooter eMotorcycle eRickshaw 11 to 14M Annual volumes(1) 25M Annual volumes(2) Up to 2M Annual volumes(3) Sources: (1) Sport Marketing Surveys & Valeo - 2030 annual volumes in EU & USA (2) Motor Cycle Data & V
Slide 24: New electric mobility opportunities: 4 wheelers
NEW ELECTRIC MOBILITY OPPORTUNITIES MARKET PERSPECTIVE IN 2030 4 Wheeler Goods delivery Human transportation eDroid eVans & LCVs Small EV Robotaxis Up to 600k Annual volumes(1) Up to 2M Annual volumes(2) Up to 5M Annual volumes(3) 500k to 1M Annual volumes(4) Sources: (1) Valeo estimations - 2030 an
Slide 25: Key figures about electrification at Valeo
KEY FIGURES ABOUT ELECTRIFICATION AT VALEO €131B >5000 > 35 2030 Electrification market* Engineers worldwide Sites in 15 countries * Valeo addressable market, excluding batteries Smart e-Mobility 44 ED NT TE PA 2030 15 >3000 >2M 48V 72 Patents Lines of code in our software High Voltage And it’s just
Slide 26: Smart technology for smarter mobility
Valeo SMART TECHNOLOGY FOR SMARTER MOBILITY
Slide 27: Leadership in driving assistance
LEADERSHIP IN DRIVING ASSISTANCE Bank of America ⬝ 18 May 2021 VALEO RESERVED May 2021 | 27
Slide 28: Our market
OUR MARKET Vehicle Fitment by SAE Level 3rd wave WAVE 3: FREE AT LAST AUTOMATED DRIVING 2025 platforms are Level 3 ready WAVE 2: LEVEL 2+ ADAS SYSTEMS 2nd wave Focus on enhanced user experience DRIVER SUPPORT WAVE 1: SAFETY & ACCIDENT REDUCTION 1st wave Standard on new vehicles SAVING LIVES Valeo ma
Slide 29: Our market
OUR MARKET Active Safety systems Level 2 ADAS functionality Level 3 automation will be standard equipment as the dominant segment enabling unique experience 3- or 5-Star NCAP compliance Vision-only entry solutions First applications in 2021 Front Camera as basic sensor L2+ functions as transition to
Slide 30: Our commitment & strategy
OUR COMMITMENT & STRATEGY We are a LEADER We offer best-in-class We provide FUNCTIONS in parking, safety & SENSORS & & MODULES for private driving automation PERCEPTION SYSTEMS & commercial mobility We support our customers to make mobility safe & more pleasant for everyone VALEO RESERVED May 2021 |
Slide 31: Our commitment & strategy
OUR COMMITMENT & STRATEGY We are a LEADER We offer best-in-class We provide FUNCTIONS in parking, safety & SENSORS & & MODULES for private driving automation PERCEPTION SYSTEMS & commercial mobility Innovative Mindset for a Wide Technology Portfolio Robust and Scalable System global customer base fo
Slide 32: Leader in parking, safety & automation
LEADER. IN PARKING,. SAFETY &. AUTOMATION. VALEO VALEO RESERVED RESERVED May 2021 | 32
Slide 33: Innovative mindset
INNOVATIVE MINDSET Hidden Transparent New Ultrasonic Ultrasonic Trailer Data interface Multi-beam Radar 3D Surround 2019 AI surround Rear Camera w/ View perception distance overlay 2015 2021 2006 Mirror-integrated Seamless Automotive Near-field Radar Rain Sensor Top View 3D Lidar and Lidar 1995 2010
Slide 34: Global footprint
Development center Research center AI Capabilities Vehicle test facility Production site GLOBAL FOOTPRINT Driving Assistance 50% Europe GERMANY IRELAND of sales Bietigheim Tuam Kronach CZECH REP. Wemding Prague FRANCE Milovice Paris Rakovník Créteil America Nogent Hungary USA Troy 20% Veszprém San M
Slide 35: Worldwide volume production
WORLDWIDE VOLUME PRODUCTION Over 1 billion sensors shipped ⬝ Another 1 billion to be shipped in the next 5 years VALEO RESERVED May 2021 | 35
Slide 36: System solutions for all ADAS segments
SYSTEM SOLUTIONS FOR ALL ADAS SEGMENTS One stop solutions for Mass market solutions for Perception solutions for Automated & Safe Parking 5-star NCAP and L2 ADAS first L3 functions ● Complete software stack from ● In-house software for ● Software for optimal percep- sensor to end-user function Emerge
Slide 37: Expert for sensors & perception systems
EXPERT. FOR SENSORS &. PERCEPTION. SYSTEMS. VALEO VALEO RESERVED RESERVED May 2021 | 37
Slide 38: Technology for ranging, viewing and computer vision
TECHNOLOGY FOR RANGING, VIEWING AND COMPUTER VISION Ultrasonic Sensors Rain/Light Sensors Near-field Cameras Long-range Cameras ADAS Control Units Near-field Radar Mid-range Radar Near-field Lidar Long-range Lidar Covering 360° around the vehicle from Near-field to Long-range VALEO RESERVED May 2021 | 3
Slide 39: Standard product platforms
STANDARD PRODUCT PLATFORMS SYSTEMS & Parking & Maneuvering Driving Automation FUNCTIONS Software Software Surround View Computer Vision Active Safety SIGNAL PROCESSING ⬝ SENSOR CONTROL MIDDLEWARE AUTOSAR ⬝ BASIC SOFTWARE Long-range Rain/Light Mid-range Long-range Cameras Sensor Radar Lidar Near-field
Slide 40: Valeo SCALA: world's first automotive grade 3D lidar
VALEO SCALA®: WORLD’S FIRST AUTOMOTIVE GRADE 3D LIDAR Over 125,000 SCALA® delivered worldwide Improved SECOND GENERATION in 2021 SOFTWARE STACK for optimal perception End of Line Range Estimation Blockage Detection Free Space Ego Motion Road Markings Calibration Interference Rain/Spray Detection Onl
Slide 41: Scalable ADAS control unit platform
SCALABLE ADAS CONTROL UNIT PLATFORM Cloud Services Application Layer Continuous Integration ⬝ Delivery Integration Services Lane Centering Adaptive Traffic Jam ... Assist Cruise Control Assist Emergency Reverse Parking Surround View Maneuver AEB Function Visualization Valeo Core Software Middleware B
Slide 42: Partner for functions & modules
PARTNER. FOR FUNCTIONS &. MODULES. VALEO VALEO RESERVED RESERVED May 2021 | 42
Slide 43: Software and system competence
SOFTWARE AND SYSTEM COMPETENCE One stop solutions for Vehicle Control Mass market solutions for Automated & Safe Parking 5-star NCAP and L2 ADAS Full system responsibility ... Traffic Jam Assist Function responsibility Adaptive Cruise Control Lane Centering Emergency Braking Functions Environment Mod
Slide 44: Software and system competence
SOFTWARE AND SYSTEM COMPETENCE Vehicle Control Localisation ... 3D Reconstruction Surround Visualization Automated Parking Reverse Emergency Braking Free Space Park Distance Alert Functions Road Markings Environment Model Object Classification Computer Vision Dynamic Objects Signal Processing Static
Slide 45: Perception solutions for Level 3 automation
PERCEPTION SOLUTIONS FOR LEVEL 3 AUTOMATION Data Fusion Object Tracking German OEM Object Identification Free Space Noise Suppression New enhanced Valeo SCALA® Front Camera, SCALA® Cocoon Point Cloud ADAS Control Unit Calibration Service Functions Sensor Control Functional Safety Providing complete »
Slide 46: Facilities for low & high speed system validation
FACILITIES FOR LOW & HIGH SPEED SYSTEM VALIDATION Worldwide network of test tracks with on-site facilities for vehicle modifications VALEO RESERVED May 2021 | 46
Slide 47: Systems & modules for private and commercial mobility
SYSTEMS & MODULES FOR PRIVATE AND COMMERCIAL MOBILITY Park4U Safe4U Cruise4U Drive4U Mobility platform platform platform platform kits High Objects & Beyond NCAP / GSR SCALA® Premium Auto Lane Change Driving Policy Underbody Emergency Evasion Long-range Lidar Highway Pilot Side Protection CMS class
Slide 48: Valeo Drive4U automated driving platform
VALEO DRIVE4U™ AUTOMATED DRIVING PLATFORM Test Cars and Test Campaigns all over the world Automated Driving on Highways Automated Driving in Urban Environment Test campaigns in US, Europe and Japan Test campaigns in US, France, Germany and Japan The only AD platform worldwide relying on automotive p
Slide 49: Waymo CEO quote on working with Valeo
We are working very closely with our friends at … Valeo that are helping us get up and going. John Krafcik Waymo CEO at IAA VALEO 2019 RESERVED May 2021 | 49 January
Slide 50: Valeo Drive4U automated driving platform
VALEO DRIVE4U™ AUTOMATED DRIVING PLATFORM Full software stack for urban automated driving Fully redundant 360 degree perception Deep learning 3D objects detection Robust and precise localization and mapping Motion prediction for dynamic objects Dynamic driving policy and decision making Vehicle cont
Slide 51: Valeo mobility kits for new players and markets
VALEO MOBILITY KITS FOR NEW PLAYERS AND MARKETS ALL NEEDS ⬝ ALL VOLUMES ⬝ ALL FOR YOU OFF THE SHELF sensors & perception systems Conquer new VALUE SPACES beyond the car Automotive QUALITY for science and start-ups VALEO RESERVED May 2021 | 51
Slide 52: Conclusion
CONCLUSION. LEADER IN. PARKING, SAFETY. & AUTOMATION. VALEO VALEO RESERVED RESERVED May 2021 | 52
Slide 53: Leader in parking, safety & driving automation
LEADER IN PARKING, SAFETY & DRIVING AUTOMATION YEARS of ADAS volume production experience 30 MILLION ADAS systems delivered in 2020 PERCENT of new cars come with Valeo ADAS VALEO RESERVED May 2021 | 53
Slide 54: Leader in parking, safety & driving automation: order intake
LEADER IN PARKING, SAFETY & DRIVING AUTOMATION 12 More than €12bn ORDER INTAKE 2018-2020 VALEO RESERVED May 2021 | 54
Slide 55: Leader in parking, safety & driving automation: our ADAS market
LEADER IN PARKING, SAFETY & DRIVING AUTOMATION Our ADAS Market [in Billion Euro] Valeo continues to OUTPERFORM the market CAGR >10% Complete SOFTWARE STACK and tool chain Clear LEADER in ultrasonic, cameras and lidar VALEO RESERVED May 2021 | 55
Slide 56: Smart technology for smarter mobility
Valeo SMART TECHNOLOGY FOR SMARTER MOBILITY