Slide 1: Valeo – Obsession for Growth through Innovation
Valeo – Obsession for Growth through Innovation Robert Charvier - CFO September 2015 September 2015 I 1
Slide 2: Innovation is fuelling our order intake
Innovation is fuelling our order intake Record H1 2015 order intake of €10.7Bn (+18%) Order intake* €bn 1/3 of order intake on innovation R&D effort: > 10% of OEM sales September 2015 I 2
Slide 3: Worldwide Presence, Strong growth, Outperformance in all regions
Worldwide Presence, Strong growth, Outperfomance in all regions H1 2015 Outperf. +6pts Like-for-like Outperf. World +8pts OEM sales** +7% Production***+1% Outperf. Europe* +1pt OEM sales** +10% North America OEM sales** +4% 49% of Valeo sales 22% of Valeo sales Outperf. +3pts Asia* excl. China OEM s
Slide 4: Confidence in outperformance thanks to our portfolio of innovative products
Confidence in outperformance thanks to our portfolio of innovative products Innovative products Content per car = "growth engines" Valeo ~25% / Yr From premium to mass market … Market: +15% / year Traditional Valeo products +2% / Yr Market: +0,3% / year 2013 2019 Source: Valeo estimates September 20
Slide 5: Confidence in outperformance thanks to our portfolio of innovative products
Confidence in outperformance thanks to our portfolio of innovative products Laser Scanner Mobius Interface Laser Lighting Illustrations @ IAA Electric Supercharger Battery Thermal Management Charger for electric vehicles Source: Valeo estimates September 2015 I 5
Slide 6: To achieve our plan: Open innovation spirit
To achieve our plan: Open innovation spirit Technology partnerships from all around the world Tech companies Strategic partnership Academics Venture Capital September 2015 I 6
Slide 7: Our Growth Engines anchored in the two main automotive trends
Our Growth Engines anchored in the two main automotive trends CO2 emission reduction Intuitive driving Connected, Fuel Intuitive & = Economy = Autonomous Car September 2015 I 7
Slide 8: Innovation leading to increased Valeo content inside the car across all OEMs
Innovation leading to increased Valeo content inside the car across all OEMs € per vehicle produced OEM origin: European US Most important Valeo Chinese OEMs Asian 2014 2020 Chinese (Log scale) September 2015 I 8
Slide 9: H1 highlights
H1 highlights Order intake(1) of €10.7bn +18% as reported +15% as reported Sales of €7.3bn +6% like-for-like (2) +16% as reported OEM sales of €6.3bn +7% like-for-like (2) Operating margin* of €538m 7.4% of sales up 23% Net income of €377m 4.7% of sales up 34% Free cash flow(1) of €306m Double H1 14
Slide 10: Outperformance versus production in 2015
Chinese trend ► Growth rate slowing down Latest market trends ► Full-year growth production forecast: 0% to 2% ► H1 organic growth of 10% ► Strong growth with Chinese OEM Valeo’s performance ► Thanks to ongoing starts of production, H2 sales and operating margin in line or better than H1 ► Confidenc
Slide 11: Ahead in our 2020 strategic plan
Confirmation of our guidance raised on July 27th ► Sales growth outperformance in the main production regions including China ► Operating margin* (as a % of sales) higher than 2014 with a slight increase in operating margin* (as a % of sales) in the second half 2015 as compared to the first half Ahe
Slide 12: Valeo – Automotive technology, naturally
Valeo Automotive technology, naturally RE