Slide 1: Q1 2026 Sales
Q1 2026 Sales April 23, 2026 Edouard de Pirey Chief Financial Officer VALEO HALF YEAR RESULTS | JULY 25, 2024
Slide 2: Q1 2026 consistent with full-year objectives, guidance reiterated
Q1 2026 consistent with full-year objectives Guidance reiterated Total sales at €5.1bn, up 1.3% like for like 2026 GUIDANCE CONFIRMED* Trending in line with full-year objectives Sales [€20-21bn] OEM sales outperforming by 3pts OEM sales down 0.6% lfl in a market down 3.4% All 3 Divisions contributing
Slide 3: Holding the line in a volatile environment
Holding the line in a volatile environment CHALLENGING ENVIRONMENT DRIVING FORWARD MIDDLE-EAST CONFLICT PROACTIVELY ADDRESSING SUPPLY-CHAIN TENSIONS Limited direct consequences: >90% of memory volumes secured for 2026 → no industrial operations in the conflict zones Constructive pass-through discussi
Slide 4: Executing Elevate 2028 as planned
Executing Elevate 2028 as planned Preparing for the return to growth: key milestones in North America & India NORTH AMERICA INDIA Leading the Software-Defined Vehicle Targeting €700M sales by 2028 transition McAllen (Texas) Investment Pune Electrification $225M for a high-tech plant New 3-in-1 e-Axle
Slide 5: China: Focus on recent SOPs
China Focus on recent SOPs LIGHT OUTPERFORMING AS SOON AS Q1 ON TRACK FOR H2 2026 GROWTH Performance in China driven by major product launches On track to achieve Group sales growth in H2 2026, in line and new electronic content per vehicle with the Elevate 2028 trajectory POWER POWER BRAIN LIGHT Ch
Slide 6: Total sales €5.1bn, up 1.3% LFL
Total sales €5.1bn, up 1.3% LFL Total sales OEM Aftermarket Miscellaneous* €5,120m €4,244m €558m €318m +1.3% lfl growth -0.6% lfl growth +1.9% lfl growth +36.5% lfl growth Reported growth: -3.6% Reported growth: -5.7% Reported growth: -2.8% Reported growth: +32.8% Exchange rate: -4.3% Exchange rate: -4.
Slide 7: World OEM sales: performance by region
World OEM sales Performance by region 51% 19% 16% 12% 2% Perf. +3pts incl. positive geo. mix impact of 1.5 pts Europe North Asia China South (including Africa) America (excluding China) America -1% -2% -3% S&P Global Mobility Valeo OEM Sales lfl -3% OEM Sales lfl +7% OEM Sales lfl +3% OEM Sales lfl -9%
Slide 8: POWER: A strong start to the year in North America
POWER A strong start to the year in North America OEM sales SALES +2pts perf. vs market SALES POWER €2,586m OEM sales -5%* -1% lfl growth BUSINESS HIGHLIGHTS Strong performance in North America driven by an overall good level of activity China trending in line with the market, reflecting the end of th
Slide 9: BRAIN: Good performance in displays and telematics
BRAIN Good performance in displays and telematics; scaling up to support SDV momentum OEM sales SALES +3pts perf. vs market SALES BRAIN €1,197m OEM sales -3%* -1% lfl growth BUSINESS HIGHLIGHTS SDV momentum continuing to build with a new US footprint in McAllen (Texas); production to start in 2027 to
Slide 10: LIGHT: Strongly outperforming in Europe and China
LIGHT Strongly outperforming in Europe and China OEM sales SALES +5pts perf. vs market SALES LIGHT €1,335m OEM sales -1%* +2% lfl growth BUSINESS HIGHLIGHTS Continued momentum in China powered by the success with Chinese OEMs leading to achieve robust growth and strong outperformance in Q1 €1,354m €1
Slide 11: Conclusion
Conclusion Q1 2026 Holding the line Reiterating Executing consistent with in a challenging full-year 2026 Elevate 2028 full-year environment guidance as planned objectives VALEO Q1 SALES | APRIL 23, 2026 11
Slide 12: Thank you
Thank you Q&A 12
Slide 13: Backup slides
Backup slides 13
Slide 14: Key ESG KPIs
Key ESG KPIs 2019 2025 base year Dec. 31, 2025 Emissions from operating activities – Scopes 1 & 2 in MtCO2eq. 1.1 0.4 Emissions from purchased goods and services – Upstream Scope 3 in MtCO2eq. 9.5 8.0 E Emissions from the use of Valeo products – Downstream Scope 3 Emissions reduction (Scopes 1, 2 &
Slide 15: Sustainability is in our DNA
Sustainability is in our DNA Recognized as an ESG leader by the rating agencies Valeo is included in major ESG indices 72 /100 17.3 B- Prime CAC Transition Climat low risk Global ESG Leaders Climate A AAA Change A Water VALEO Q1 SALES | APRIL 23, 2026 15
Slide 16: Guidance 2026 confirmed
Guidance 2026 confirmed FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026 incl. VSeA incl. VSeA Actual Actual Actual Guidance** Sales €18.0bn €20.4bn €22.0bn €21.5bn €20.9bn [€20-21bn] (in €bn) Operating margin* 1.7% 2.4% 3.8% 4.3% 4.7% [4.7%-5.3%] (as % of sales) Free cash flow* (in €m) €(146)m €102m €
Slide 17: Share information
Share information Share ADR Data Data Ticker/trading symbol VLEEY Bloomberg Ticker FR FP CUSIP Number 919134304 Reuters Ticker VLOF.PA Exchange OTC ISIN Number FR0013176526 Ratio (ADR: ord) 1:2 Shares outstanding as of Dec. 31, 245,607,625 Depositary Bank J.P. Morgan 2025 Contact at J.P. Morgan – AD
Slide 18: Glossary
Glossary Order intake corresponds to business awarded by automakers during the period to Valeo, and to joint ventures and associates based on Valeo’s share in net equity, less any cancellations, based on Valeo’s best reasonable estimates in terms of volumes, selling prices and project lifespans. Una
Slide 19: Safe harbor statement
Safe harbor statement Statements contained in this document which, when they 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 w
Slide 20: FULL YEAR 2023 RESULTS | FEBRUARY 29, 2024
FULL YEAR 2023 RESULTS | FEBRUARY 29, 2024 20