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Valeo — Investor Day (March 2017)
29 slides from Valeo's investor day presentation, March 2017
Slide 1: Valeo Investor Day London 2017
VALEO INVESTOR DAY London 2017
Slide 2: Visibility Systems presenters
VISIBILITY SYSTEMS BUSINESS GROUP PRESIDENT VISIBILITY SYSTEMS BUSINESS GROUP R&D AND PRODUCT MARKETING DIRECTOR 2
Slide 3: Visibility Systems product lines
FRONT LIGHTING REAR LIGHTING FRONT WIPING & CLEANING REAR WIPING & CLEANING INTERIOR LIGHTING ELECTRONICS WIPER MOTORS SENSOR CLEANING 3
Slide 4: Valeo Visibility Systems key figures
VALEO VISIBILITY SYSTEMS PD comers KEY FIGURES (END OF 201 6) TOTAL SALES = eee 00 33 € 4.6 BN ivr 29,00 ter PRODUCTION EBITDA ° 20 1 3 9 % OF SALES @ ¥ 16 RESEARCH & DEVELOPMENT CENTERS
Slide 5: Sales and headcount by region
SALES SALES SALES HEADCOUNT HEADCOUNT HEADCOUNT * SALES SALES HEADCOUNT HEADCOUNT * Including ICHIKOH 5
Slide 6: Sales and EBITDA 2013-2021
1,6 1.4 20 18 1,5 1.2 0.95 13 1,1 0.8 15 1 0.7 8 0,6 0.5 10 0,5 3 0,1 5 0 -2 2013 2016 2021* 2013 2016 2021* -0,4 SALES (€bn) EBITDA 0 SALES (€bn) EBITDA * At iso currency vs 2016 6
Slide 7: Annual growth and EBITDA margin improvement
ANNUAL GROWTH OVER ANNUAL GROWTH FROM 2014 - 2020 PERIOD 2014 TO 2016 EBITDA MARGIN IMPROVEMENT 2016 EBITDA FROM 10.6% IN 2014 TO IN 2020 7
Slide 8: We are ahead of the plan announced in March 2015
WE ARE AHEAD OF THE PLAN ANNOUNCED IN MARCH 2015
Slide 9: Growth of strategic products and services
+4% per year 2015 2021 Source: Valeo *Strategic products and services that are positioned in growing markets or generate a significant increase in Group sales 9
Slide 10: Visibility growth fueled by successive innovation waves
2016 VISIBILITY GROWTH IS FUELED Wr sxprened BY SUCCESSIVE INNOVATION WAVES 7 EXPERIENCE OF TRAVELING REINVENTION OF WIPER SYSTEMS G GENERALIZATION OF LEDs 2026
Slide 11: Generalization of LEDs wave
VISIBILITY GROWTH IS FUELED a Augmented BY SUCCESSIVE INNOVATION WAVES EXPERIENCE OF TRAVELING GENERALIZATION OF LEDs & & 2016 2026
Slide 12: Worldwide front lighting technology take rate
WAVE XENON BILED LED HALOGEN 1st GENERATION 2nd GENERATION WORLDWIDE FRONT LIGHTING TECHNOLOGY TAKE RATE CHOSEN (VOLUMES) 2016 2026 BY OEMs 12
Slide 13: PeopLED and LED take rate
WAVE XENON LED HALOGEN PEOPLED 2016 2021 WORLDWIDE FRONT LIGHTING TECHNOLOGY TAKE RATE 0.5 M Vehicles 4 M Vehicles (VOLUMES) 2016 2026 BRANDS TO DATE 13
Slide 14: Glare-free high beam to pixel lighting
WAVE GLARE-FREE MATRIX PIXEL PICTURE HIGH BEAM BEAM LIGHTING BEAM 1 PIXEL 4 to 25 PIXELS 32 to 300 PIXELS 1M PIXELS 2014 2016 2018 2021 SERIAL PROD. DEV. FOR SERIAL PROD. PREDEV. GLARE-FREE TAKE RATE: 1.5% in 2016 10% in 2021 AVERAGE CONTENT PER CAR: 1.5% in 2016 10% in 2021 Base 100 2016 (Price
Slide 15: Beam technology evolution 2014-2025
WAVE GLARE-FREE PIXEL LIGHTING PICTURE BEAM MATRIX BEAM HIGH BEAM 2014 2016 2018 2021 2025 15
Slide 16: Wave
WAVE Base 100 2016 (Price & technology) 16
Slide 17: Reinvention of wiper systems wave
VISIBILITY GROWTH IS FUELED Wr sxprened BY SUCCESSIVE INNOVATION WAVES REINVENTION OF WIPER SYSTEMS 2016 2026
Slide 18: 2026 take rate
WAVE 2026 TAKE RATE 50% 49% 61 % Base 100 2016 (Price & technology) 18
Slide 19: Valeo Aquablade volumes
WAVE VALEO AQUABLADE VOLUMES >10.5 M +76% PER YEAR 5.5 M 2012 2016 2021 CHOSEN BY Base 100 2016 (Price & technology) 19
Slide 20: Wiper aftermarket reinvented
—————— WIPER AFTERMARKET REINVENTED @ DIGITALIZATION AND INTERNET OF THINGS a Wear Indicator Carmaker App “Dear Client, Worn Blade: High torque you can reorder original blades at OEM.cOM ‘Do you want to purchase now?” | Me ADDITIONAL SALES “iis: n IMPROVED RETENTION REGIONAL ACCELERATION — 2021/2016
Slide 21: Remote windshield defrosting technology
REMOTE WINDSHIELD DEFROSTING TECHNOLOGY @ 13 OEMs ASKED FOR A DEMOCAR 4 ONGOING PRE-DEVELOPMENTS 21
Slide 22: Experience of traveling wave
2016 VISIBILITY GROWTH IS FUELED Wr sxprened BY SUCCESSIVE INNOVATION WAVES > EXPERIENCE OF TRAVELING 2026
Slide 23: Augmented visibility for the experience of traveling
AUGMENTED VISIBILITY FOR THE EXPERIENCE OF TRAVELING 7 SENSOR t CLEANING LIFE ON BOARD
Slide 24: Sensor cleaning average content
WAVE AVERAGE CONTENT € WINDSHIELD CAMERA PARK CAMERA AQUABLADE CLEANING CLEANING LIDAR CLEANING 2012 2013 2014 2019 2025 SERIAL Price & technology 2016 PRODUCTION 24
Slide 25: Unique interior experience
WAVE Thermal comfort, Camera, driver monitoring air quality, scents & Human Machine Interface health care and well-being Unique Interior Experience Interior lighting ambient lighting | well-being | smart functional lighting 25
Slide 26: Visibility growth fueled by successive innovation waves
2016 VISIBILITY GROWTH IS FUELED Wr sxprened BY SUCCESSIVE INNOVATION WAVES 7 EXPERIENCE OF TRAVELING REINVENTION OF WIPER SYSTEMS G GENERALIZATION OF LEDs 2026
Slide 27: Sales and EBITDA including Ichikoh
~€ * € ~ * * INCLUDING ICHIKOH 27
Slide 28: Forward-Looking Statements
Statements contained in this press release, 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 respect to future finan
Slide 29: Valeo Investor Day London 2017
VALEO INVESTOR DAY London 2017