Slide 1: Q3 2014 Sales
Q3 2014 Sales Jacques Aschenbroich – CEO October 21, 2014 October 21, 2014 I 1
Slide 2: Q3 2014 highlights
Q3 2014 highlights Consolidated sales of €3,069 million, up 10% on a reported basis up 6% on a like-for-like basis(1) OEM sales of €2,644 million, up 13% on a reported basis up 7% on a like-for-like basis(1) Near 7-pt above-market growth in OEM sales OEM sales growth* Performance** China +25.3% +20.
Slide 3: 2014 outlook
2014 outlook Based on the automotive production assumptions published in the H1 2014 results: World: growth of approximately 3% Europe: growth of approximately 2% Valeo confirms its objectives for 2014: Sales growth outperformance in the main production regions Operating margin* slightly higher than
Slide 4: Sales of €3.1bn, up 10% as reported, up 6% like-for-like
Sales of €3.1bn, up 10% as reported, up 6% like-for-like OEM sales, up 13% as reported, up 7% like-for like, a near 7-point outperformance Aftermarket sales, up 1% as reported, down 1% like-for-like October 21, 2014 I 4
Slide 5: Total sales up 10% as reported, up 6% like-for-like
Total sales up 10% as reported, up 6% like-for-like YTD sales up 8% like-for-like *Like-for-like growth +6%* +10%* +8%* 9,416 6,347 €m 3,069 Q3 14 H1 14 YTD 14 As reported +10% As reported +7% As reported +8% Exchange rates 0.0% Exchange rates -3.1% Exchange rates -2.1% Perimeter +4.3% Perimeter +0.
Slide 6: OEM sales up 13% on a reported basis, up 7% like-for-like
OEM sales up 13% on a reported basis, up 7% like-for-like Aftermarket up 1% on a reported basis, down 1% like-for-like Aftermarket OEM sales -1%* +3%* +2%* *Like-for-like +7%* +10%* +9%* X,XXX growth 2,516 1,119 753 366 Q3 14 H1 14 YTD 14 +1%** +1%** +1%** 8,076 Miscellaneous 5,432 -14%* +16%* +5%*
Slide 7: OEM sales outpaced the global market by 7 points
OEM sales outpaced the global market by 7 points Outperformance in China of more than 20 points and in Europe of more than 9 points Q3 Outperf. +7.0pts Like-for-like proforma 2014 World Outperf. OEM sales** +7.7% +9.1pts Production***+0.7% Outperf. Europe* +0.4pts OEM sales** +8.9% North America Pro
Slide 8: OEM sales outpaced the global market by more than 7 points
OEM sales outpaced the global market by more than 7 points Outperformance in all production regions YTD Outperf. +7.2pts Like-for-like proforma 2014 World Outperf. OEM sales** +9.9% +6.2pts Production***+2.7% Outperf. Europe* +4.3pts OEM sales** +9.4% North America Production***+3.2% OEM sales** +7.
Slide 9: Geographic repositioning
Geographic repositioning Asia and North America (US & Mexico) both up 1 point Western Europe down 2 points OEM sales by production region Sales including joint-ventures consolidated proportionally Eastern Eastern Europe & Europe & Africa Africa 13% 14% Western Asia excl. Western Asia excl. Europe Ch
Slide 10: Geographic repositioning
Geographic repositioning North America (US & Mexico) up 2 points, Asia up 1 point Western Europe down 1 point OEM sales by production region Sales including joint-ventures consolidated proportionally Eastern Eastern Europe & Europe & Africa Africa 14% 14% Western Western Asia excl. Asia excl. Europe
Slide 11: Balanced customer portfolio
Balanced customer portfolio German and Asian customers stable at 30% and 26% respectively, American customers up 1 point, French customers down 1 point % of OEM sales Sales including joint-ventures consolidated proportionally Other Other 6% 6% French* French* German 16% German 17% 30% 30% American A
Slide 12: Above-market growth in all Business Groups
Above-market growth in all Business Groups CDA VIS 18% 27% Group €3.1bn PTS 26% THS 29% YTD total OEM sales growth sales (like-for-like) % Q3 2014 sales change (on a reported Q3 H1 YTD basis) CDA** -1% +13% +16% +15% Powertrain +6% +3% +8% +7% Thermal +7% +6% +10% +8% Visibility +20% +9%* +12%* +11%
Slide 13: 2014 outlook
2014 outlook October 21, 2014 I 13
Slide 14: 2014 outlook
2014 outlook Based on the automotive production assumptions published in the H1 2014 results: World: growth of approximately 3% Europe: growth of approximately 2% Valeo confirms its objectives for 2014: Sales growth outperformance in the main production regions Operating margin* slightly higher than
Slide 15: Investor Relations
Contact Investor Relations Thierry Lacorre 43, rue Bayen F-75848 Paris Cedex 17 France Tel.: +33 (0) 1.40.55.37.93 Fax: +33 (0) 1.40.55.20.40 E-mail: thierry.lacorre@valeo.com Web site: www.valeo.com October 21, 2014 I 15
Slide 16: Share Information
Share Information Share Data • Bloomberg Ticker FR FP • Reuters Ticker VLOF.PA • ISIN Number FR 000130338 • Shares outstanding as of September 30, 2014 79,462,540 ADR Data • Ticker/trading symbol VLEEY • CUSIP Number 919134304 • Exchange OTC • Ratio (ADR: ord) 1:2 • Depositary Bank J.P. Morgan • Con
Slide 17: Back-up
Back-up - Valeo Tn Qetober 21,2014 17
Slide 18: Quarterly information
Quarterly information In €m (2014 as reported and 2013 restated in accordance with IFRS 11) Sales by segment Q1-13 Q2-13 Q3-13 Q4-13 Q1-14 Q2-14 Q3-14 Comfort & Driving Assistance Systems 623 569 515 531 552 572 573 Powertrain Systems 774 817 752 818 848 848 798 Thermal Systems 818 885 832 837 880 9
Slide 19: Comfort & Driving Assistance Systems
Comfort & Driving Assistance Systems H1 2014 key figures: • Sales: €1.1bn (18% of Group sales) • Ebitda: 14.2% (22% of Group Ebitda) Sales performance Growth rate on a like-for-like basis 2013 key figures: • 13,431 employees OEM sales • 23 production units Like-for-like +13% +16% +15% • 9 developmen
Slide 20: Powertrain Systems
Powertrain Systems H1 2014 key figures: • Sales: €1.7bn (26% of Group sales) • Ebitda: 12.4% (28% of Group Ebitda) Sales performance Growth rate on a like-for-like basis 2013 key figures: • 18,769 employees OEM sales • 32 production units Like-for- like +3% +8% +7% • 16 development centers change •
Slide 21: Thermal Systems
Thermal Systems H1 2014 key figures: • Sales: €1.8bn (28% of Group sales) • Ebitda: 11.0% (27% of Group Ebitda) Sales performance Growth rate on a like-for-like basis 2013 key figures: OEM sales • 18,128 employees Like-for-like +6% +10% +8% • 45 production units change • 7 development centers • 2 re
Slide 22: Visibility Systems
Visibility Systems H1 2014 key figures: • Sales: €1.8bn (28% of Group sales) Sales performance • Ebitda: 9.3% (23% of Group Ebitda) Growth rate on a like-for-like basis 2013 key figures: OEM sales • 23,012 employees Like-for- like +9%* +12%* +11%* • 33 production units change • 13 development center
Slide 23: Safe Harbor Statement
Safe Harbor Statement Statements contained in this report, which are not historical fact, constitute “Forward-Looking Statements”. Even though Valeo’s management feels that the Forward-Looking Statements are reasonable, investors are put on notice that actual results may differ materially due to num
Slide 24: October 21, 2014 I 24
Valeo Automotive technology, naturally EN