Valeo Se · EURONEXT:FR
Valeo — Exane BNP Paribas 25th CEO Conference 2023
18 slides from Valeo's conference presentation, Jun 8, 2023
Slide 1: Exane BNP Paribas CEO Conference
EXANE BNP PARIBAS CEO Conference 8th June 2023 Christophe Périllat CEO INVESTOR RELATIONS
Slide 2: Full Year 2022 Guidance Achieved
FULL YEAR 2022 GUIDANCE ACHIEVED ✓ FY 2022 Group Sales EBITDA Operating margin Free cash flow RESULTS €20,037m €2,401m €635m €388m 12.0% 3.2% FY 2022 Group Sales EBITDA Operating margin Free cash flow GUIDANCE €19.2-20bN 11.8%-12.3% 3.2%-3.7% €320m Higher than guidance June Conference Deck | Investor
Slide 3: 2022 Sales & Growth
2022 SALES & GROWTH OEM Sales Total Sales +10% +3 pts performance* €20,037M like-for-like growth +5 pts performance adjusted** +16% reported basis +9% like-for-like basis Aftermarket Sales +9% like-for-like growth DRIVEN DRIVEN +32% +29% BY ELECTRIFICATION BY ADAS * vs S&P Global Mobility estimates
Slide 4: Q1 2023: Solid Start to the Year
Q1 2023: SOLID START TO THE YEAR OEM Sales Total Sales +13% +7 pts €5,482m like-for-like adjusted growth* performance** adjusted +15% on a reported basis +11% like-for-like adj. Basis* Aftermarket Sales +6% Strong momentum maintained like-for-like adjusted growth* DRIVEN DRIVEN +69% +21% BY ELECTRIF
Slide 5: Valeo Is On Track in H1 2023
VALEO IS ON TRACK IN H1 2023 EXPECTING TO POST SIGNIFICANT MARGIN IMPROVEMENT VS H1 2022 Inflation mitigation action plan on track Stabilized S&P Global Mobility estimates Yearly production volumes in million of units Negotiations expected to be completed 01 by the end of June 2023, except for a coup
Slide 6: Guidance Confirmed
GUIDANCE CONFIRMED 2022 reported 2022 adjusted* 2023 guidance ** Move Up 2025 Sales €20.0bn €20.4bn €22 - €23bn ~ €27.5bn EBITDA (as % of sales) 12.0% 11.4% 11.5% - 12.3% ~ 14.5% Operating margin (as % of sales) 3.2% 2.4% 3.2% - 4.0% ~ 6.5% Free cash flow €388m €205m > €320m ~ €0.8bn - €1bn * Data fo
Slide 7: Focus on 2 megatrends
AUTOMOTIVE INDUSTRY TRANSFORMATION 01 02 Focus on 2 megatrends ELECTRIFICATION ADAS ACCELERATION ACCELERATION June Conference Deck | Investor Relations 7
Slide 8: Automotive Industry Is Transforming
AUTOMOTIVE INDUSTRY IS TRANSFORMING 01 ELECTRIFICATION ACCELERATION 02 ADAS ACCELERATION €200bn ELECTRIFICATION SYSTEMS ADAS MARKET* €120bn MARKET* €150bn €90bn €60bn x6.5 x8 x5 €25bn €30bn x3 €15bn x4 x1.5 2021 2025 2030 2035 2021 2025 2030 2035 * Automotive and new mobility June Conference Deck |
Slide 9: From Mobility Revolution to Value Creation
FROM MOBILITY REVOLUTION TO VALUE CREATION ELECTRIFICATION ACCELERATION ADAS ACCELERATION LIGHTING EVERYWHERE INTERIOR EXPERIENCE REINVENTION June Conference Deck | Investor Relations 9
Slide 10: 2022 Order Intake of €32.6bn Driven by Electrification and ADAS
2022 ORDER INTAKE OF €32.6BN DRIVEN BY ELECTRIFICATION AND ADAS €32.6bn* 2/3 +48% of Thermal systems and Powertrain systems business groups orders intakes related to high-voltage EV €22.1bn* x3 Order intake related to ADAS systems multiplied by 3 FY 2021 FY 2022 Higher margins than implied by 2025 M
Slide 11: Q1 2023 Strategic Order Intake in Powertrain Systems
Q1 2023 STRATEGIC ORDER INTAKE IN POWERTRAIN SYSTEMS Target sales for Valeo’s high-voltage electric powertrain €4bn €4bn Order intake on products Confidence in our ability to achieve our HV Powertrain 2030 sales target related to high voltage electrification* €2bn * cumulated orders YTD, as of April 2
Slide 12: Q1 2023 Strategic Order Intakes in ADAS
Q1 2023 STRATEGIC ORDER INTAKES IN ADAS After the contract in 2022, Strategic cooperation with BMW extended to Level 4 TOTAL ORDERS automated parking experience > €1bn SCALA 3 Valeo’s LiDAR generation 3 with + American robotaxi company Key enabler + Asian OEM level 3+ autonomous driving Valeo’s LiDA
Slide 13: New Major Contract in Software Defined Vehicle
NEW MAJOR CONTRACT IN SOFTWARE DEFINED VEHICLE STRATEGIC ORDER INTAKE IN ADAS Integration into Renault ecosystem, beside Renault Software Factory, Google & Qualcomm ADAS High Performance Computer Zonal controllers ADAS sensors Cooperation on software development Onboard application software June Con
Slide 14: From Greener and Safer Mobility Revolution to Value Creation
FROM GREENER AND SAFER MOBILITY REVOLUTION TO VALUE CREATION ELECTRIFICATION ACCELERATION ADAS ACCELERATION 2030 Sales LIGHTING EVERYWHERE > €40bn INTERIOR EXPERIENCE REINVENTION June Conference Deck | Investor Relations 14
Slide 15: Thank You
THANK YOU June Conference Deck | Investor Relations 15
Slide 16: Glossary
Glossary Like for like (or LFL): the currency impact is calculated by multiplying sales for the current period by the exchange rate for the previous period. The Group structure impact is calculated by (i) eliminating, for the current period and/or for the comparable period, sales of companies acquir
Slide 17: 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 18: Smart Technology for Smarter Mobility
SMART TECHNOLOGY FOR SMARTER MOBILITY