Slide 1: Q3 2023 Sales
Q3 2023 SALES October 20th, 2023 FORVIA at the IAA Mobility Munich, September 2023
Slide 2: Key Messages
KEY MESSAGES Strong organic growth and outperformance in Q3 ❯ Sales at €6.5bn, +10.7% on an organic basis ❯ Outperformance of 700bps, driven by outperformance in China of 1,210bps Robust order intake with €22bn over the first nine months ❯ Average profitability above POWER25 objectives ❯ Significant
Slide 3: Other Major Recent Events
OTHER MAJOR RECENT EVENTS FORVIA steps up the pace on hydrogen ❯ Inauguration of the hydrogen site in Allenjoie (France): first mass production plant of hydrogen storage tanks with capacity of 100,000 tanks a year by 2030 ❯ FORVIA is the 1st automotive supplier in the world to have production footpr
Slide 4: Nine-month order intake of €22 billion with average profitability above POWER25 objectives
NINE-MONTH ORDER INTAKE OF €22 BILLION WITH AVERAGE PROFITABILITY ABOVE POWER25 OBJECTIVES CHINA ELECTRONICS EV´S PREMIUM & COMMERCIAL (BEVS + FCEVS) SUVs VEHICLES €5.0Bn €5.6Bn €10.5Bn €11.1Bn 23% 25% 48% 51% New award with Chery Significant award EV share of wallet up Increasing portion Major conq
Slide 5: Q3 2023 Sales Review
Q3 2023 SALES REVIEW 5 Q3 2023 Sales zeW3484
Slide 6: Q3 2023 sales of €6.5bn, +10.7% on an organic basis
Q3 2023 SALES OF €6.5BN, +10.7% ON AN ORGANIC BASIS STRONG OUTPERFORMANCE OF 700BPS Q3 2023 SALES (IN €M) Sales growth of +2.5% on a reported basis included: €683M €(524)M ❯ Organic growth of +10.7% in a global €6,370M €6,528M automotive market up +3.7% +10.7% -8.2% ❯ Adverse currency impact of 8.2%
Slide 7: Seating and Interiors
SEATING INTERIORS 31% of Group consolidated sales in the period 17% of Group consolidated sales in the period €221M €(166)M €123M €(105)M €1,960M €2,016M €1,111M €1,129M +11.3% -8.5% +11.0% -9.5% +2.9% +1.6% Outperformance* of 760bps Outperformance* of 730bps Double digit organic growth reflected go
Slide 8: Clean Mobility and Electronics
CLEAN MOBILITY ELECTRONICS 18% of Group consolidated sales in the period 16% of Group consolidated sales in the period €103M €(128)M €106M €(68)M €1,207M €1,182M €1,001M €1,039M +8.5% -10.5% +10.6% -6.8% -2.1% +3.9% Outperformance* of 480bps Outperformance* of 690bps High-single digit organic growth
Slide 9: Lighting and Lifecycle Solutions
LIGHTING LIFECYCLE SOLUTIONS 14% of Group consolidated sales in the period 4% of Group consolidated sales in the period €850M €92M €(43)M €899M €39M €(15)M €264M €240M +10.8% -5.0% -6.0% +16.1% +5.8% +10.0% Outperformance* of 710bps Outperformance* of 1,240bps Robust organic growth of 10.8%, benefit
Slide 10: Outperforming all regional markets
OUTPERFORMING ALL REGIONAL MARKETS in €m EMEA Americas Asia Group Organic growth of +10.8% in EMEA (43% of Group consolidated sales in Q3) mainly reflected: Q3 2022** 2,622 1,849 1,898 6,370 ❯ Organic growth of +10.3% in Europe, more than half being attributable to Seating and Interiors Currency eff
Slide 11: Estimated impacts of the UAW strike on North America's performance
ESTIMATED IMPACTS OF THE UAW STRIKE* ON NORTH AMERICA’S PERFORMANCE Exposure to “Detroit Three” in North America ❯ Combined sales with Ford, GM and Stellantis account for c. €300m per month, i.e. around half of FORVIA’s sales in the United States ❯ Ford accounts for > 40% of the total Estimated impa
Slide 12: Accelerated Deleveraging
ACCELERATED DELEVERAGING 12 Q3 2023 Sales zeW3484
Slide 13: Successful completion of the €1bn asset disposal program in Q3
SUCCESSFUL COMPLETION OF THE €1BN ASSET DISPOSAL PROGRAM IN Q3 The €1 billion program, achieved in less than 15 months, was comprised of: ❯ c. 40% from operations related to non-consolidated joint ventures: • Sale by HELLA of its 33% stake in HBPO to its co-shareholder Plastic Omnium (closed in 2022
Slide 14: Launch of an additional €1bn disposal program to accelerate deleveraging
LAUNCH OF AN ADDITIONAL €1BN DISPOSAL PROGRAM TO ACCELERATE DELEVERAGING BEYOND THE POWER25 OBJECTIVE Further strengthening and simplification of the group’s portfolio Deleveraging beyond the POWER25 Net debt / Adjusted EBITDA objective ❯ Expected limited impact on the Group’s consolidated sales and
Slide 15: FY 2023 Guidance Confirmed
FY 2023 GUIDANCE CONFIRMED 15 Q3 2023 Sales zeW3484
Slide 16: Confirmed FY 2023 guidance
CONFIRMED FY 2023 GUIDANCE SALES OPERATING MARGIN This guidance is based between between on the main following €26.5Bn and €27.5Bn 5.2% and 6.2% of sales assumptions: ❯ Worldwide automotive production of around 86 million vehicles in 2023, more conservative than S&P’s latest forecast of 88.5 million
Slide 17: Confirmed POWER25 objectives
CONFIRMED POWER25 OBJECTIVES, BEFORE DEBT REDUCTION FROM THE ADDITIONAL €1BN DISPOSAL PROGRAM These targets were presented at November 2022 CMD and based SALES OPERATING MARGIN on the main following assumptions: ❯ Worldwide automotive production of 88 million vehicles in 2025, more conservative than
Slide 18: Appendix
APPENDIX 18 Q3 2023 Sales zeW3484
Slide 19: Definitions of terms used in this document
DEFINITIONS OF TERMS USED IN THIS DOCUMENT Sales growth Operating income ❯ FORVIA’s year-on-year sales evolution Operating income is the FORVIA group’s principal performance indicator. It corresponds to net income of fully is made of three components: consolidated companies before: • A “Currency eff
Slide 20: Investor Relations
INVESTOR RELATIONS Marc MAILLET Share tickers & ISIN code Tel: +33 1 72 36 75 70 ❯ Bloomberg: FRVIA.FP ❯ Reuters: FRVIA.PA ❯ ISIN: FR0000121147 Sébastien LEROY Bonds ISIN codes Tel: +33 1 72 36 75 70 ❯ 2024 bonds: XS1611167856 ❯ 2025 bonds: XS1785467751 ❯ 2026 bonds: XS2553825949 XS1963830002 E-mail
Slide 21: Disclaimer
DISCLAIMER This presentation contains certain forward-looking statements concerning FORVIA. Such forward-looking statements represent trends or objectives and cannot be construed as constituting forecasts regarding the future FORVIA’s results or any other performance indicator. In some cases, you ca
Slide 22: -ORVIA
-ORVIA Inspiring mobility