Valeo Se · EURONEXT:FR
Valeo — Exane BNP Paribas CEO Conference 2022
23 slides from Valeo's conference presentation, June 2022
Slide 1: Exane BNP Paribas CEO Conference
EXANE BNP PARIBAS CEO Conference Christophe Périllat CEO June 2022 VALEO RESERVED June 2022 |
Slide 2: Q1 Highlights
01 Q1 HIGHLIGHTS VALEO RESERVED June 2022 | 2
Slide 3: Highlights of Q1 2022
HIGHLIGHTS OF Q1 2022 Q1 2022 Q1 2022 sales The start of 2022 was An agreement was signed The new medium-term plan Outperformance in all impacted by the shortage of with a view to owning the "Move Up" was presented production regions, 5pts electronic components, the entire share capital of Valeo wit
Slide 4: A turbulent environment weighing on LVP & raw materials
A TURBULENT ENVIRONMENT… …WEIGHTING ON LVP & RAW MATERIALS Electronic components shortage Global Light Vehicle Production Massive 20,000+ ~50bn Vehicle losses vs Industry buyer of references components purchased pre-crisis level electronic components every year 89.0 VALEO’s guidance Gradual improvem
Slide 5: Q1 2022 Sales
Q1 SALES Q1 2022 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 increase
Slide 6: OEM sales outperformance in all regions Q1 2022
OEM SALES OUTPERFORMANCE IN ALL REGIONS Q1 2022 North 3pt 10pt 6pt 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* South Wo
Slide 7: 2022 Guidance Confirmed
2022 GUIDANCE CONFIRMED Automotive production estimates published by S&P Global Mobility (ex IHS Markit) on April 19, 2022, i.e., 80.6 million vehicles, with a significant imbalance between the first and second halves of the year, remain within the range of volumes (number of vehicles produced) used t
Slide 8: An ESG leader recognized by rating agencies
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 June 2022 | 8 * excl. tire companies
Slide 9: Move Up & Electrification Focus
02 MOVE UP & ELECTRIFICATION FOCUS VALEO RESERVED June 2022 | 9
Slide 10: Transformation is accelerating
TRANSFORMATION IS ACCELERATING Electrification acceleration ADAS acceleration €200bn ELECTRIFICATION 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 solutions VALEO RESERVED June 2022 | 10
Slide 11: 4 megatrends to support Valeo's growth wave
4 MEGATRENDS TO SUPPORT VALEO’S GROWTH WAVE ELECTRIFICATION ADAS INTERIOR LIGHTING ACCELERATION ACCELERATION EXPERIENCE REINVENTION EVERYWHERE PTS THS CDA ADAS CDA IER* VIS 15% 11% 19% 14% 14% CAGR* CAGR* CAGR* CAGR* CAGR* 2021/25 2021/25 2021/25 2021/25 2021/25 >8pt >4pt >12pt >8pt >4pt outperf. ou
Slide 12: Electrification acceleration: Thermal Systems
ELECTRIFICATION ACCELERATION CONTRIBUTES TO GREENER MOBILITY FAST CHARGING THS BENEFITING FROM ELECTRIFICATION ACCELERATION Thermal Systems 60 MIN 15 MIN #2 in Thermal market & eThermal leader with 2,000 xEV patents Battery thermal management preserving battery range STABLE & EXTENDED RANGE and long
Slide 13: Integration of VSeA into PTS from July 2022
INTEGRATION OF VSeA INTO PTS FROM JULY 2022 PTS, AN ELECTRIC CHAMPION STRONG R&D CAPABILITIES & INFRASTRUCTURE Cost synergy objectives & >1,600 >€100M >2,000 >€350M optimization R&D investment in R&D patents production capacity engineers infrastructure investments ESTABLISHED FRANCHISE AMONG OEMs Me
Slide 14: Acquisition of Siemens' shares in Valeo Siemens eAutomotive
ACQUISITION OF SIEMENS’ SHARES IN VALEO SIEMENS EAUTOMOTIVE AND ACCELERATION OF ROADMAP INTEGRATION WITHIN VALEO ACCELERATION OF TECHNOLOGICAL ROADMAP Collaboration Partnership Commercial success agreement with with for to develop for the fourth generation onboard charger 800V SiC inverters rare ear
Slide 15: Valeo Siemens already achieved its target of €4bn
VALEO SIEMENS ALREADY ACHIEVED ITS TARGET OF €4BN IN ORDER INTAKE FOR 2021/2022 7 MONTHS AHEAD OF SCHEDULE ✓ CONSISTING OF SEVERAL ORDERS 4bn * AMONG NEW AND EXISTING CUSTOMERS € GEOGRAPHICALLY BALANCED: USA, EUROPE (INCLUDING GERMAN PREMIUM) & CHINA HIGH VOLTAGE ORDER INTAKE BOOKED, COVERING ALL EL
Slide 16: Move-Up first wins: LiDAR
MOVE-UP FIRST WINS ✓ 3 rd VALEO'S THIRD GENERATION LiDAR CHOSEN BY STELLANTIS FOR ITS LEVEL 3 AUTOMATION CAPABILITY LIDAR GENERATION RESOLUTION SCALA 3 50x vs 2nd generation VALEO RESERVED *Autonomous Driving June 2022 | 16
Slide 17: Move-Up first wins: compact heat pump
MOVE-UP FIRST WINS ✓ ORDER OF COMPACT HEAT PUMP 1 st VALEO RESERVED June 2022 | 17
Slide 18: Move-Up first wins: interior camera
MOVE-UP FIRST WINS ✓ ORDERS OF INTERIOR CAMERA 5 VALEO RESERVED *Autonomous Driving June 2022 | 18
Slide 19: Move-Up first wins: ThinLens module
MOVE-UP FIRST WINS ✓ EQUIPPED WITH THE BI-FUNCTIONAL MODULE 2M VALEO THINLENS CARS VALEO RESERVED *Autonomous Driving June 2022 | 19
Slide 20: Committed to our 2025 targets
COMMITTED TO OUR 2025 TARGETS* EBITDA FCF Sales >5pt ~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 YEAR
Slide 21: Contacts
INVESTOR RELATIONS VALEO 100, rue de Courcelles F-75017 Paris France E-mail: valeo.corporateaccess.mailbox@valeo.com Website: www.valeo.com CONTACTS VALEO RESERVED June 2022 | 21
Slide 22: 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 23: Valeo: Smart technology for smarter mobility
Valeo SMART TECHNOLOGY FOR SMARTER MOBILITY