Slide 1: Q1 2013 Sales
Q1 2013 Sales Jacques Aschenbroich – CEO April 24, 2013
Slide 2: Highlights
Highlights Consolidated sales stable at €3,039 million, up 1.1% on a like-for-like basis* OE sales at €2,575 million, stable on a like-for-like basis* The impact of the market downturn on the European market offset by above-market growth in the main automotive production regions: Europe up 5pts Nort
Slide 3: 2013 outlook confirmed
2013 outlook confirmed Based on the following key assumptions for FY 2013: Automotive production: Europe down ~ 4% World up ~ 1% Raw material prices in line with 2012 levels At this time, Valeo confirms its objectives for 2013: Sales growth higher than the market in the main production regions Assum
Slide 4: Total sales stable at €3,039 million, up 1.1% like-for-like
Total sales stable at €3,039 million, up 1.1% on a like-for-like basis despite economic headwinds in Europe OE sales €m -1.0% 2,602 2,575 In €m Perimeter Exchange rates +0.5% -1.5% Like-for-like +0,0% +0.2% Q1 2012 Q1 2013 Aftermarket €m 3,033 3,039 +3.5% Perimeter +0.5% 369 382 Exchange rates -1.4%
Slide 5: Growth driven by North American and Asian markets
Growth driven by North American and Asian markets Offsetting economic headwinds in Europe Geographic contribution to sales growth in €m 6 50 2 (44) 14 (41) 6 9 4 3,039 3,033 Q1 2012 Europe Asia North South Currencies Q1 2013 America America Perimeter Growth Decrease April 24, 2013 I 5 Q1 2013 Sales
Slide 6: Foreign customers at 82% of OE sales
Foreign customers at 82% of OE sales With German and Asian customers combined accounting for 55% (% of OE sales) Other Other 7% 7% American German 17% 28% American German 20% 29% French* 19% Asian** French* Asian** 29% 18% 26% Q1 2012 Q1 2013 * Excluding Nissan ** Including Nissan April 24, 2013 I 6
Slide 7: Above-market growth in OE sales in the main production regions
Above-market growth in OE sales in the main production regions enabled Valeo to offset the marked economic downturn in Europe Outperf. +1pt* World Outperf. OE sales*** 0% Outperf. +5pts* Production**** -1% +8pts* North America Europe** Valeo OE sales*** -4% Valeo OE sales*** +9% Production**** -9% P
Slide 8: Above-market growth in OE sales in Asia
Above-market growth in OE sales in Asia Attributable to a sharp increase in OE sales in China, Korea & India Outperf. +1pt* Asia** Valeo OE sales*** +2% Production**** +1% Underperf. -10pts* Japan 25% of Valeo sales OE sales*** -22% Outperf. Production**** -12% +6pts* 22% of Asian sales Korea Outper
Slide 9: Asia & emerging countries stable at 53% of OE sales
Asia & emerging countries stable at 53% of OE sales Western Europe decreased from 40% to 38% OE sales by production region Eastern Eastern Europe & Europe & Africa Africa 15% 15% Western Western Western Western 53% in Asia Europe Europe 53% in Asia Europe Europe & emerging 40% 40% & emerging 38% 38%
Slide 10: Segment information
Segment information April 24, 2013 I 10 Q1 2013 Sales
Slide 11: Strong growth for Visibility Systems BG at 14%
Strong growth for Visibility Systems BG at 14% Thanks to the ramp-up of innovative lighting systems % of YTD total Total sales OE growth sales growth like-for-like CDA 16% -4% -3% Powertrain 27% -3% -2% Thermal 27% -5% -3% Visibility 26% +14% +10% April 24, 2013 I 11 Q1 2013 Sales
Slide 12: Technologies contributing to CO2 emissions reduction
Technologies contributing to CO2 emissions reduction Main drivers Examples of innovations Recent order intake i-StARS: new order from another Japanese Stop-Start i-StARS Restarter Powertrain OEM electrification Power Inverter-DC/DC: first order from an American Range Hybrid/electric electronics OEM
Slide 13: Technologies contributing to intuitive driving
Technologies contributing to intuitive driving Another step towards reducing CO2 emissions Main drivers Examples of innovations Recent order intake Automated/ Park4U® An order from a European OEM for an autonomous connected car Remote parking system derived from Park4U Remote Low speed 360Vue® The l
Slide 14: 2013 outlook
2013 outlook April 24, 2013 I 14 Q1 2013 Sales
Slide 15: 2013 outlook confirmed
2013 outlook confirmed Based on the following key assumptions for FY 2013: Automotive production: Europe down ~ 4% World up ~ 1% Raw material prices in line with 2012 levels At this time, Valeo confirms its objectives for 2013: Sales growth higher than the market in the main production regions Assum
Slide 16: 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 April 24, 2013 I 16 Q1 2013 Sales
Slide 17: Share Information
Share Information Share Data Bloomberg Ticker FR FP Reuters Ticker VLOF.PA ISIN Number FR 000130338 Shares outstanding as of March 29, 2013 79,462,540 ADR Data Ticker/trading symbol VLEEY CUSIP Number 919134304 Exchange OTC Ratio (ADR: ord) 1:2 Depositary Bank J.P. Morgan Contact at J.P. Morgan – AD
Slide 18: Back-up
Back-up April 24, 2013 I 18 Q1 2013 Sales
Slide 19: Quarterly information
Quarterly information In €m Sales by segment Q1 10 Q2 10 Q3 10 Q4 10 Q1 11 Q2 11 Q3 11 Q4 11 Q1 12 Q2 12 Q3 12 Q4 12 Q1 13 Comfort & Driving 408 440 418 438 481 489 567 620 657 634 616 604 629 Assistance Systems Powertrain Systems 636 708 625 714 767 782 743 834 855 826 783 802 833 Thermal Systems 6
Slide 20: 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 21: Automotive technology, naturally
Automotive technology, naturally