Faurecia : Non-deal roadshow post-Full Year 2019 results

Non-deal roadshow post-FY 2019 results

Strong and resilient performance in 2019

Record order intake

February	February-March, 2020
17, 2020

The full-year 2019 consolidated financial statements have been approved by the Board of Directors at its meeting held on February 14, 2020, under the chairmanship of Michel de Rosen; they have been audited and the auditors' report is about to be issued.

Agenda

1. FAURECIA AT A GLANCE
2. INVESTMENT CASE
3. FY 2019 RESULTS
4. STRATEGY AND 2022 FINANCIAL TARGETS
5. ESG APPROACH

2 Non-deal roadshow post-FY 2019 results - February March 2020

Agenda

1. FAURECIA AT A GLANCE
2. INVESTMENT CASE
3. FY 2019 RESULTS
4. STRATEGY AND 2022 FINANCIAL TARGETS
5. ESG APPROACH

3 Non-deal roadshow post-FY 2019 results - February March 2020

A leading automotive technology company

TOP TEN

automotive company,

€17.8 billion of sales

A TRUSTED

PARTNER

for all automakers, commercial vehicles and high horsepower

1 IN 3 VEHICLES

in the world equipped with a Faurecia technology

4 ACTIVITIES

• Seating
• Interiors
• Clarion Electronics
• Clean Mobility

115,000 employees in over 300 sites

8,500 engineers in 37 R&D centers

4 Non-deal roadshow post-FY 2019 results - February March 2020

Four Business Groups to drive profitable growth

SEATING

39% of 2019 group sales

• Advanced safety systems: frames, mechanisms and mechatronics
• Innovative solutions for thermal and postural comfort

INTERIORS

30% of 2019 group sales

• Instrument panels, door panels, center consoles, acoustic and soft trim, decoration and smart surfaces
• Personalized cabin climate comfort and air quality

CLARION ELECTRONICS

5% of 2019 group sales

• IVI, intuitive HMI and full digital audio systems
• Connectivity and cloud-based services
• Advanced driver assistance and automated parking solutions

CLEAN MOBILITY

26% of 2019 group sales

• Lightweight and fuel economy technologies for hybrid vehicles
• After-treatmentsolutions for Commercial vehicles
  and High Horsepower engines
• Zero emission technologies

5 Non-deal roadshow post-FY 2019 results - February March 2020

A well balanced customer and geographic portfolio

2019 SALES BY CUSTOMER

Others

Chinese OEMs

Commercial Vehicles

19%

5% €17.8 bn 14%

7%

13% 14%

2019 SALES BY REGION

	Amérique du Sud
	& reste du monde
	4 %
Asie	21 %
	€17.8 bn 49 % Europe
Amérique du	25 %
Nord

6 Non-deal roadshow post-FY 2019 results - February March 2020

Increasingly diverse customer base

MASS MARKET OEMS		PREMIUM OEMS		CHINESE OEMS		COMMERCIAL VEHICLES		NEW ENTRANTS
			& HIGH HORSE POWER

7 Non-deal roadshow post-FY 2019 results - February March 2020

Continued improvement in performance over the past five years

SALES				OPERATING INCOME
€16,962m	€17,525m €17,768m			€1,158m	€1,274m	€1,283m
			€970m
€15,466m €15,614m			€830m

FY 2015* FY 2016* FY 2017 FY 2018 FY 2019FY 2015* FY 2016* FY 2017 FY 2018 FY 2019

	NET CASH FLOW			DIVIDEND
	€528m	€587m		€1.10	€1.25	€1.30**
	€435m			€0.90
€303m	€333 m			€0.65

		FY 2015*	FY 2016*	FY 2017	FY 2018	FY 2019	FY 2015	FY 2016	FY 2017	FY 2018	FY 2019
8		Non-deal roadshow post-FY 2019 results - February March 2020	* Restated for the disposal of the Automotive Exteriors business
	** Subject to approval at the Annual Shareholders' Meeting to be held on May 29, 2020

Agenda

1. FAURECIA AT A GLANCE
2. INVESTMENT CASE
3. FY 2019 RESULTS
4. STRATEGY AND 2022 FINANCIAL TARGETS
5. ESG APPROACH

9 Non-deal roadshow post-FY 2019 results - February March 2020

Faurecia's Investment Case (1/2)

• One of the leading worldwide automotive suppliers
• • One of the top three global players in Seating, Interiors and Clean Mobility
  • A key partner for a broad and diversified base of OEMs around the globe
• Clear and focused strategy with medium-term ambitions well defined
• • Fully aligned with the automotive industry megatrends
  • Focusing on two priorities: Cockpit of the Future and Sustainable Mobility
  • Mid-term2022 financial targets presented at a Capital Markets Day in November 2019
• Solid track record of financial performance and guidance achievement
• • Growth in sales, driven by sustained development of order intake
  • Improved profitability with demonstrated resilience in challenging environment
  • Strong and increased cash generation
  • All annual financial targets met since 2014
• Sustained and selective investment in innovation and development of new competences
• • Developing solutions for an increasingly connected, versatile and predictive cockpit
  • Accelerating on cleaner/zero emission solutions and new market segments
  • Focus on short time-to-market innovation

10 Non-deal roadshow post-FY 2019 results - February March 2020

Faurecia's Investment Case (2/2)

• Sound financial structure and high flexibility
• • Strict financial discipline
  • Secured debt financing at low cost with long maturity and high flexibility
  • Cash allocation strategy focused on fair shareholder remuneration and bolt-on acquisitions
• Strong governance and risk management
• • Two experienced governance bodies to drive strategy and execution
  • Efficient and transversal risk management
• Shared culture for sustainable development to create long-term value for all stakeholders
• • Six Convictions and six Values to guide the Group's actions and behaviors
  • Six major transversal initiatives, including "Total Customer Satisfaction" as well as the launch of the Faurecia Foundation and a program to become Carbon neutral by 2030

11 Non-deal roadshow post-FY 2019 results - February March 2020

Agenda

1. FAURECIA AT A GLANCE
2. INVESTMENT CASE
3. FY 2019 RESULTS
4. STRATEGY AND 2022 FINANCIAL TARGETS
5. ESG APPROACH

12 Non-deal roadshow post-FY 2019 results - February March 2020

2019 Highlights

• Strong and resilient performance in 2019
• • All financial targets achieved in a tough environment
  • Strong cash generation
  • Record order intake in 2019 resulting in €68bn over the last three years
• Accelerated transformation for Cockpit of the Future and Sustainable Mobility
• • Creation of Faurecia Clarion Electronics
  • Acquisition of the 50% remaining stake in SAS
  • Creation of Symbio, a 50/50 JV with Michelin
• Focus on Total Customer Satisfaction and Sustainable Development
• • Customer recognition through 48 awards and 221 launches on target
  • Values and Convictions defined and transversal initiatives deployed with KPIs
  • Launch of a program to become CO2 neutral by 2030 and creation of Faurecia Foundation

13 Non-deal roadshow post-FY 2019 results - February March 2020

All targets achieved in a challenging environment

• 2019 financial targets maintained throughout the year despite worsening worldwide automotive production from an estimated -1% in February 2019 to a final figure of -5.8%*(miss of 4.3m vehicles, of which 1.6m in China)

SALES			PROFITABILITY			NET CASH FLOW
FY 2019 sales at constant			FY 2019 operating income			FY 2019 net cash flow
currencies should outperform			should increase in value			should be at least €500m
worldwide automotive production		and operating margin
between 150 and 350bps			should be at least 7% of sales
(excluding Clarion consolidation)			(including Clarion consolidation as from April 1)		(including Clarion consolidation as from April 1)
€17,768m	✓		€1,283m	✓		Strong cash generation	✓
Outperformance of 280bps			(vs. €1,274m in 2018)			of €587m
		7.2% of sales			(vs. €528m in 2018)
vs. worldwide automotive production
			(7.4% excl. Clarion consolidation)

14	Non-deal roadshow post-FY 2019 results - February March 2020	* Source: IHS Markit forecast dated February 2020 (vehicles segment in line with CAAM for China)

Robust profitable growth roadmap for Faurecia Clarion Electronics

• Creation of our fourth Business Group with the successful integration of Clarion, Parrot and Coagent
• Accelerated cost competitiveness program to generate at least €80m annual savings by end 2020
• • Reduction of 14% of headcount at end 2019 (19% targeted at end 2020)
  • 4 plant closures, of which 3 in China
  • €22m savings generated in 2019
  • Clarion operating margin reached 3% of sales in 2019
• Strong order intake for FCE at €1.9bn in 2019

Target to reach €2.5 billion of sales and 8% profitability in 2025

15 Non-deal roadshow post-FY 2019 results - February March 2020

Record order intake securing future profitable growth

3-YEAR ROLLING ORDER INTAKE

(lifetime sales)

	€68bn
€62bn	€63bn
€53bn
2014-20162015-20172016-20182017-2019

• Record order intake in 2019 resulting in €68bn over the last three years:
• • Reflecting continuous market share gains
  • With high profitability
• New Value Spaces* represented 17% of 2019 order intake (vs. 12% in 2018) and included:

	• Commercial Vehicles and HHP at €1.6bn
SEATING - SALES GROWTH PROFILE
• FCE at €1.9bn
	• Two orders for Fuel cell tanks and systems
	> Secured order intake, including ramp-up of Seating new programs,
	will fuel acceleration in sales outperformance as from 2021

	2018	2019	2020e	2021e	2022e
16		Non-dealroadshow post-FY2019 results - February March 2020 * NVS = 100% FCE + Comfort & Wellness/Advanced safety for Seating + CV/HHP/Zero emission for Clean Mobility

Anticipating the next disruption and targeting CO2 neutrality by 2030

ACCOUNTING

• Scope 1 Heat use in Plants
• Scope 2 Electricity used in Plants
• Scope 3 Upstream and Downstream Indirect Emissions

• We exclude "use of sold products" from scope 3

ACTIONS		STARTING POINT

USE	Faurecia 2019 "controlled"
Carbon Footprint (Deloitte)
LESS
8
	7	Scope 1 & 2
DESIGN	6
FOR PLANET	5	Logistics
	4
	3	Other
BUY
GREEN	2	Purchased
	1	Goods &
	Services
MOVE	0
7.5	M tCO2e
LESS	Mt CO2e in 2019

Faurecia is one of the four Tier-1 Suppliers already ranked A- by the CDP on climate

17 Non-deal roadshow post-FY 2019 results - February March 2020

Strong financial performance and increased proposed dividend

Sales	Up 1.4% on a reported basis and down 3.0% at constant currencies and excl. Clarion scope effect
€17,768m	Outperformance of 280bps, in line with guidance of between 150bps and 350bps
vs. €17,525m in 2018
Operating income	In line with guidance of increase in value year-on-year
€1,283m
vs. €1,274m in 2018
Operating margin	In line with guidance of at least 7%
7.2% of sales	Excluding Clarion, operating margin stood at 7.4%
vs. 7.3% of sales in 2018
Net income	Mainly impacted by:	• Higher restructuring costs for Clarion and to adapt to tough environment
€590m
	• One-offs due to Clarion acquisition and integration costs
vs. €701m in 2018
Net Cash Flow	Well above guidance		• A positive impact from the disposal of Clarion's HQ in Saitama
€587m		• A negative impact from higher restructuring and lower factoring
of at least €500m, including:
vs. €528m in 2018	of receivables
Net debt at year-end	Including acquisitions for €1.4bn and a negative impact of €0.9bn from IFRS16 adoption
€2.5bn	Net debt-to-EBITDA ratio at 1.05x at Dec. 31, 2019
vs. €0.5bn at Dec. 31, 2018
Proposed dividend*	Increase in dividend reflects confidence in future profitable growth prospects
€1.30 per share
vs. €1.25 paid in 2019

18	Non-deal roadshow post-FY 2019 results - February March 2020	* Subject to approval at the Annual Shareholders' Meeting to be held on May 29, 2020

Sales outperformance of 300bps

despite significant impact from Seating EoPs

€17,525m

€187m

€(529)m

€586m

€17,768m

+1.1%

-3.0%

+3.3%

Currency effect

Growth ex-currencies*

Clarion scope effect**

Vs. automotive production

growth*** of -5.8%

FY 2018

FY 2019

WW auto prod. 90.5m

WW auto prod. 85.3m

• Solid outperformance throughout the year
• Seasonality with:
• • H1 favored by bolt-ons
  • H2 more negatively impacted by Seating EoPs + GM strike

		H1 2019	H2 2019	FY 2019
Worldwide automotive production***	-7.2%	-4.3%	-5.8%
Faurecia growth ex-currencies & excl. Clarion	-2.8%	-3.3%	-3.0%
o/w	Bolt-ons	+1.8%	+0.3%	+1.1%
	Seating EoPs	-2.4%	-3.4%	-2.9%
	GM strike		-0.9%	-0.4%
Excluding the 3 impacts		-2.2%	+0.7%	-0.8%
Outperformance		440bps	100bps	280bps
Outperformance excl. the 3 impacts	500bps	500bps	500bps

19		Non-deal roadshow post-FY 2019 results - February March 2020	* Including bolt-ons ** Only 9 months (April to December)
	*** Source: IHS Markit forecast dated February 2020 (vehicles segment in line with CAAM for China)

Confirmed resilient performance thanks to strong action plans

7.3%		7.4%	7.2%
€(188)m	€175m	Other	Clarion
			consolidation
Volume/mix	Resilience

FY 2018	FY 2019	FY 2019
	excluding Clarion	including Clarion

• The negative impact from volume/mix was broadly offset by cost savings generated by:
• • Our three global cost optimization programs
  • Resilience actions put in place as early as H2 2018 for cost flexibilization

20 Non-deal roadshow post-FY 2019 results - February March 2020

Successful resilience action plans

• Operational flexibility through direct and indirect headcount management
• • Total headcount reduction of c. 6% year-on-year (at constant perimeter)
  • Additional flexibility through temporary headcount, still representing an estimated share of c.19% of total headcount (including FCE) at 2019 year-end
• Rationalization and optimization of industrial footprint
• • 20 plants closed year-on-year, of which 4 for FCE + 11 non-industrial sites
• Tight management of manufacturing and SG&A fixed costs strengthened since July 2018
• • Limited recruitment
  • Reduced use of sub-contractors
  • Strict control of travel, consultancies and other general expenses
• Continued benefits from the three global cost optimization programs

Savings of €175m in 2019, representing over 5% of cost base

21 Non-deal roadshow post-FY 2019 results - February March 2020

Seating 39% of Group sales

Improved profitability despite lower sales

		SALES
€7,438m	€52m	€(517)m
	+0.7%	-6.9%	€6,973m
	Currency	Growth
	effect
		ex-currencies*
		Vs. automotive
		production growth**
		of -5.8%
FY 2018			FY 2019

• Sales down 6.3% on a reported basis and down 7.0%
• • underperformance of 110bps due to the temporary impact of EoPs for €(511)m or (6.8)%
  • • Expected impact in 2020 of c. €(100)m in Q1 and c. €(40)m in Q2
    • Positive impact from SoPs to start gradually from Q4 2020 and accelerate in 2021
• Ex-currencies,sales included €106m or +1.4% of sales from bolt-ons

OPERATING INCOME

€453.1m

€448.5m

	6.0%	+1.0%		6.5%
	of sales		or +50bps	of sales
	FY 2018					FY 2019

• Increase in operating margin mostly driven by improved execution and accretive mix effect (seat structures vs. complete seats)

22	Non-deal roadshow post-FY 2019 results - February March 2020	* Including bolt-ons ** Source: IHS Markit forecast dated February 2020 (vehicles segment in line with CAAM for China)

Interiors 30% of Group sales

Strong sales outperformance of 490bps; profitability temporarily impacted by the Decoration activity

		SALES
	€58m	€(51)m
€5,363	+1.1%	-0.9%	€5,370m
	Currency	Growth
	ex-currencies*
	effect
		Vs. automotive
		production growth**
		of -5.8%
FY 2018			FY 2019

• Sales broadly stable on a reported basis and down 0.9% ex-currencies
• • outperformance of 490bps
• Sales growth with RNM in Europe, FCA and Tesla in North America, as well as Hyundai, Vinfast and Chinese OEMs in Asia did not offset challenging market conditions faced by other OEMs

OPERATING INCOME

€325.3m

€293.7m

6.1%	-9.7%			5.5%
of sales	or -60bps		of sales
FY 2018					FY 2019

• Operating margin mostly impacted by losses in the Decoration activity in Europe for €37m (back to profit expected in H2 2020)

23	Non-deal roadshow post-FY 2019 results - February March 2020	* Including bolt-ons	** Source: IHS Markit forecast dated February 2020 (vehicles segment in line with CAAM for China)

Clean Mobility 26% of Group sales

Strong sales outperformance of 500bps and improved profitability

		SALES
	€75m	€(36)m	€4,654m
€4,615m	+1.6%	-0.8%
Growth
	Currency	ex-currencies*
	effect
		Vs. automotive
		production growth**
		of -5.8%
FY 2018			FY 2019

• Sales up 0.8% on a reported basis and slightly down 0.8% ex-currencies→ outperformance of 500bps
• Outperformance in all regions, mainly driven by RNM, GM, Hyundai and Honda

OPERATING INCOME

€524.6m

€499.8m

	10.8%	+5.0%		11.3%
	of sales		or +50bps	of sales
	FY 2018					FY 2019

• Increase in operating margin mostly driven by North America, Europe and South America (tax recovery in Brazil)

24	Non-deal roadshow post-FY 2019 results - February March 2020	* Including bolt-ons	** Source: IHS Markit forecast dated February 2020 (vehicles segment in line with CAAM for China)

Clarion Electronics 5% of Group sales

Successful integration of Clarion and improved profitability in H2 thanks to accelerated cost-cutting plans

	SALES
		€771m
	Clarion	€586m
€109m	Parrot Automotive	€49m
Coagent	Coagent	€136m
FY 2018		FY 2019

• Sales included the first consolidation of Clarion (since April 1) and of Parrot Automotive (since January 1)
• Coagent posted double-digit growth, driven by new launches

OPERATING INCOME

€11.9m

			1.5%
	€0.3m		of sales
	FY 2018		FY 2019

• Significant improvement in H2, thanks to Clarion back to profit
• 2019 included €(6)m from one-off integration costs (mainly SAP implementation); excluding this one-off, operating margin stood at 2.3%

25 Non-deal roadshow post-FY 2019 results - February March 2020

Europe 49% of Group sales

Sales outperformance in a challenging environment and improved profitability

SALES

	€8,858m		€(16)m		€(250)m
			-0.2%
			Currency		-2.8%		€49m		€8,641m
			effect
							+0.6%
				Growth ex-currencies*	Clarion
				Vs. automotive production	scope
				effect**
				growth*** of -4.0%
	FY 2018								FY 2019

• Sales down 2.4% on a reported basis and down 2.8% ex-currencies and excluding Clarion scope effect → outperformance of 120bps
• Sales in the region were negatively impacted by Seating EoPs for €132m (or -1.5%)

	€565.9m	OPERATING INCOME
		€558.0m
		-1.4%
	6.4%	6.5%
	of sales	or +10bps	of sales
	FY 2018		FY 2019

• Increased operating margin despite lower sales

North America 25% of Group sales

Sales impacted by significant Seating EoP and resilient profitability

		SALES
	€227m	€(364)m
€4,474m	+5.1%	-8.1%	€146m	€4,483m
	Currency		+3.3%
	effect	Growth ex-currencies*	Clarion
		Vs. automotive production	scope
		effect**
		growth*** of -3.9%
FY 2018				FY 2019

• Sales up 0.2% on a reported basis and down 8.1% ex-currencies and excluding Clarion scope effect → underperformance of 420bps
• Sales in the region were negatively impacted by:
• • the impact from Seating EoP for €280m (or -6.3%)
  • the GM strike for €73m (or -1.6%)

	€289.7m	OPERATING INCOME	€282.6m
		-2.5%
	6.5%	6.3%
	of sales	or -20bps	of sales
	FY 2018		FY 2019

• Operating margin mainly impacted by the GM strike

26	Non-deal roadshow post-FY 2019 results - February March 2020	* Including bolt-ons ** Only 9 months (April to December)
		*** Source: IHS Markit forecast dated February 2020 (vehicles segment in line with CAAM for China)

Asia 21% of Group sales

Sales outperformance of 910bps in a tough environment; resilient double-digit profitability in China

		SALES
			€386m	€3,766m
		€81m	+11.9%
	€42m
€3,257m	+2.5%	Clarion
	+1.3%	Growth ex-currencies*
	scope
	Currency	Vs. automotive production	effect**
	effect	growth*** of -6.6%
FY 2018				FY 2019

• Sales up 15.6% on a reported basis and up 2.5% ex-currencies and excluding Clarion scope effect → outperformance of 910bps
• • Positively impacted by bolt-on contribution of €137m (or +4.2%)
  • Negatively impacted by Seating EoP in China for €99m (or -3.0%)
• In China, sales amounted to €2,595m, up 4.0% on a reported basis and up 0.8% ex-currencies and excluding Clarion scope effect → outperformance of 1,010bps

		OPERATING INCOME	€373.6m
	€367.0m
	+1.8%
	11.3%	9.9%
	of sales	or -140bps	of sales
	FY 2018		FY 2019

• Operating margin impacted by tough market conditions and dilutive effect from Clarion
• • Excluding Clarion, operating margin stood at 10.7%
• In China, operating margin proved resilient in double digits

South America 4% of Group sales

Strong sales outperformance of 970bps and improved profitability driven by Brazil

		SALES
€714m	€(60)m	€37m	€5m	€696m
	-8.4%
	+5.2%	+0.7%
	Currency	Growth ex-currencies*	Clarion
	effect		scope
		Vs. automotive production	effect**
		growth*** of -4.5%
FY 2018				FY 2019

• Sales down 2.5% on a reported basis and up 5.2% ex-currencies
  → outperformance of 970bps
• Growing sales in Brazil (mainly driven by Clean Mobility and Seating) offset reduced exposure to Argentina

		OPERATING INCOME	€47.9m
	€24.6m
		+94.7%
	3.4%	6.9%
	of sales	or +350bps	of sales
	FY 2018		FY 2019

• Margin improvement mainly driven by tax recovery in Brazil (PIS-Cofins)

27	Non-deal roadshow post-FY 2019 results - February March 2020	* Including bolt-ons ** Only 9 months (April to December)
		*** Source: IHS Markit forecast dated February 2020 (vehicles segment in line with CAAM for China)

Operating income up to €1,283m

Resilient operating margin and dilutive impact from Clarion

in €m	FY 2018	FY 2019	Change
Sales	17,525	17,768	+1.4%
ex-currency growth*			-3.0%
Cost of sales	(15,249)	(15,287)	+0.2%
% of sales	(87.0%)	(86.0%)
Gross margin	2,276	2,482	+9.0%
% of sales	13.0%	14.0%	+100bps
R&D gross	(1,093)	(1,330)
Capitalized development costs	794	910
as % of R&D gross	72.7%	68.4%
R&D costs, net	(299)	(420)
% of sales	(1.7%)	(2.4%)
Selling and administrative expenses	(703)	(779)
% of sales	(4.0%)	(4.4%)
Operating income	1,274	1,283	+0.7%
(before amort. of acquired intangible assets)
% of sales	7.3%	7.2%	-10bps

• Gross margin improved by 100bps, reflecting resilience actions
• Net R&D increased by 70bps, reflecting increased innovation for €33m (CoF, Zero Emission, CVE&HHP) and FCE for €64m (Clarion and Parrot Automotive)
• Selling and administrative expenses increase included €(107)m from FCE; excluding FCE, they were down 4.4%
• Resilient operating margin at 7.2% of sales
• • Demonstrating solid operating leverage in a tough context
  • Including a dilutive impact from Clarion of 20bps

28	Non-deal roadshow post-FY 2019 results - February March 2020	* Including bolt-ons, excluding Clarion scope effect

Net income impacted by higher restructuring and Clarion-related costs

in €m	FY 2018	FY 2019	Change
Operating income	1,274	1,283	+0.7%
(before amort. of acquired intangible assets)
Amort. of intangible assets acquired	(11)	(56)
in business combinations
Operating income	1,263	1,227	-2.9%
(after amort. of acquired intangible assets)
Restructuring	(101)	(194)
Other non-recurring operating income and expense	(47)	(20)
Net interest expense & Other financial income and expense	(164)	(219)
Income before tax of fully consolidated companies	952	794	-16.6%
Income taxes	(190)	(167)
as % of pre-tax income	(20.0%)	(21.0%)
Net income of fully consolidated companies	762	627	-17.7%
Share of net income of associates	31	38
Consolidated net income before minority interest	793	665	-16.2%
Minority interest	(93)	(75)
Consolidated net income, Group share	701	590	-15.8%

• Amortization of intangible assets in 2019 mainly included €(50)m for FCE (of which €33m for 9 months of Clarion)
• Restructuring expenses increase of €93m, of which:
• • €(31)m to adapt to challenging environment
  • €(62)m related to FCE

Restructuring expenses to be significantly reduced in 2020

• Other non-recurring operating income and expenses in 2019 included €(16)m of acquisition & integration costs related to Clarion
• Net financial expenses 2019 included:
• • Financing of Clarion for €(39)m (incl. hedging)
  • €(45)m related to IFRS16
• 2019 tax rate of 21% benefited mainly from
  the recognition of deferred tax assets in Germany
• Excluding Clarion, net income stood at €722m, up 3% year-on-year

29 Non-deal roadshow post-FY 2019 results - February March 2020

Net cash flow up 11%, to €587m

in €m	FY 2018	FY 2019	Change
Operating income	1,274	1,283	+0.7%
Depreciation and amortization, of which:	867	1,121
. Amortization of R&D intangible assets	399	438
. Other depreciation and amortization	468	683
EBITDA	2,141	2,404	+12.3%
Capex	(673)	(685)
Capitalized R&D	(593)	(681)
Change in WCR	80	166
Change in factoring	(61)	(57)
Restructuring	(93)	(166)
Financial expenses	(108)	(197)
Taxes	(261)	(296)
Other (operational)	97	99
Net cash flow	528	587	+11.2%
Dividends paid (incl. mino.)	(211)	(212)
Share purchase	(48)	(29)
Net financial investment & Other	(296)	(1,486)
IFRS16 impact		(906)
Change in net debt	(26)	(2,046)

• EBITDA up €263m or +12.3%, mostly due to the application of IFRS16 as of January 1, 2019
• Strict control of capex, broadly stable year-on-year
• Capitalized R&D increase mainly reflected FCE
• Change in WCR reflected further deployment of reverse factoring
• Net factoring reduction of €(57)m
• Restructuring included closure of 20 plants in 2019
• Financial expenses reflected IFRS16 impact, Clarion acquisition and one-offs due to refinancing operations
• Other (operational) included the sale of Clarion's HQ in Saitama for €110m (no P&L impact)
• Net financial investments mainly included the acquisition of Clarion, the investment in Symbio and the stake increase in Coagent from 50.1% to 100%

30 Non-deal roadshow post-FY 2019 results - February March 2020

Strong financial discipline and secured financing

NET DEBT VARIATION (€m)

Opening net debt	Closing net debt
Dec. 31, 2018	Dec. 31, 2019

	IFRS 16
1st application	(726)	Clarion
impact
Impact	(180)	acquisition
for the period
			Net		Financial inv.,
		(1,210)	cash flow	Dividends
		share purchase
			587	(212)	& others
				(305)
(478)		(2,594)			(2,524)

LONG-TERM DEBT MATURITY PROFILE (€m)

900
800	Schuldschein
700	and other bank loans
600	Senior Notes
500
400
300
200
100
0
2020	2021	2022	2023	2024	2025	2026	2027

• Net debt-to-EBITDA ratio at 1.05x (incl. IFRS16 impact)
• • Policy to maintain ratio below 1x
  • 2022 estimated at 0.7x
• Strong financial flexibility through €1.2bn undrawn credit facility
• • Maturity in June 2024
• BB+/Ba1 rating (outlook Stable) affirmed by all 3 rating agencies

• Successful financing of recent acquisitions:
• • Clarion financing achieved @ 2.6% average cost
  • SAS financing achieved through €250 million additional
    Senior Notes due 2026, issued at a yield of 2.4%
• Successful pricing of €700m bonds due 2027 @ 2.375%
  and anticipated repayment of €700m 3.625% bonds due 2023
• Average cost of LT debt < 2.5%

31 Non-deal roadshow post-FY 2019 results - February March 2020

Increase in proposed dividend to €1.30 per share

• Faurecia will propose to shareholders a dividend of €1.30 per share
• It will be payable in cash early June 2020, subject to approval at the Annual Shareholders'
  Meeting to be held on May 29, 2020
• This increase in dividend reflects:
• • The Group's confidence in its profitable growth and enhanced cash flow roadmap
  • Its commitment to shareholder value

DIVIDEND PER SHARE

				€1.25	€1.30*
			€1.10
		€0.90
	€0.65
€0.35
2014	2015	2016	2017	2018	2019

* Subject to approval at the Annual Shareholders' Meeting to be held on May 29, 2020

32 Non-deal roadshow post-FY 2019 results - February March 2020

2020 market assumptions in an environment with low visibility

AUTOMOTIVE PRODUCTION GROWTH 2020 vs. 2019

NORTH		EUROPE
AMERICA			CHINA
	Slightly down
Slightly down			around -5%
	(-3 to -4%)
(-1 to -2%)

WORLDWIDE

c. -3%

• Europe, impacted by:
• • New CO2 rules
  • Economic challenges (Brexit, weakening macro in countries such as Italy and Spain)
  • Contraction in Russia
• North America, impacted by:
• • Volatility risk in a Presidential election year
  • Slowdown of commercial vehicles
• China, impacted by:
• • Short-termdisruption due to Covid-19
  • Low visibility on domestic demand and final outcome of trade talks with the US
• Strong seasonality, with Q1 2020 being the weakest quarter of the year and expected to post a drop in double digits, mostly impacted by Asia and Europe

33 Non-deal roadshow post-FY 2019 results - February March 2020

Update on China situation

• Faurecia in China
• • €2.6bn of sales in 2019
  • 58 plants (o/w 4 in Wuhan and 2 in XiangYang in Hubei province) and 19,700 people at Dec. 31, 2019
• Health and safety of our people and families is Nr. 1 priority
• • No employee infected to date
  • Start-upof production and offices respecting all health and safety measures
• Progressive start up of production after the prolonged New Year shutdown: 52 plants, representing 81% of normalized activity, restarted by February 17
• Very limited impact on Faurecia's supply chain:
• • Natural hedge between imports and exports
  • Exports represent c. 7% of China sales
  • To date, exports have resumed without supply chain issues
• Management process in place to permanently evaluate impact as situation evolves

34 Non-deal roadshow post-FY 2019 results - February March 2020

FY 2020 guidance

• With the assumption of worldwide automotive production down c. 3% in 2020 vs. 2019, our FY 2020 guidance* is as follows:

SOLID GROWTH		IMPROVEMENT		STRONG
IN REPORTED SALES		IN PROFITABILITY		CASH GENERATION
including:		Operating margin		Net cash flow
Scope effect of c. 500bps
	> 7.2%		> €500m
(3 months for Clarion + 11 months for SAS)
Outperformance** of 100 to 200bps
vs. worldwide automotive production				(including negative contribution from FCE;
				FCE contribution back to ≥ 0 as from 2022)

This guidance does not include the risk of a possible impact of Covid-19 on the global supply chain

35	Non-deal roadshow post-FY 2019 results - February March 2020	* Currency assumptions: USD/€ @ 1.15 and CNY/€ @ 7.80, on average	** At constant scope and currencies

Update on PSA/FCA merger process

• On December 18th, 2019, PSA and FCA signed an agreement to merge
• PSA confirmed it will distribute to its shareholders its 46% stake in Faurecia before completion
  of the deal, which is expected to take place 12 to 15 months after the signature of the agreement
• Faurecia's considerations about the merger:
• • The combination of PSA and FCA would create the #1 customer for Faurecia, similar in size to VW Group, and provide new business opportunities through platforms, innovation
    and footprint
  • Faurecia would benefit from an enhanced market profile, based on a larger free float, increased liquidity and higher visibility
  • Faurecia continues to focus on deploying its strategy

36 Non-deal roadshow post-FY 2019 results - February March 2020

Key takeaways

• 2019 confirmed the Group's resilience and agility, with all financial targets achieved, and secured future profitable growth through record order intake
• Despite tough environment, the Group continued its transformation with the creation of a fourth Business Group, Faurecia Clarion Electronics, and acquisitions/partnerships
  that contribute to enhance its Cockpit of the Future and Sustainable Mobility strategy
• FY 2020 guidance of continued improvement in profitability and strong cash generation
  puts Faurecia on track to achieve its mid-termtargets as presented at its last Capital Markets Day
• Faurecia is committed to value creation for all stakeholders and make a positive contribution
  to society including CO2 neutrality target by 2030

37 Non-deal roadshow post-FY 2019 results - February March 2020

Agenda

1. FAURECIA AT A GLANCE
2. INVESTMENT CASE
3. FY 2019 RESULTS
4. STRATEGY AND 2022 FINANCIAL TARGETS
5. ESG APPROACH

38 Non-deal roadshow post-FY 2019 results - February March 2020

Mobility industry at the heart of major transformations

GLOBAL DEVELOPMENT CHALLENGES

New energy sources

Environmental issues

Growing urbanization

Income disparities

Rising Asia

Connected

TECHNOLOGY DISRUPTIONS

Digitalization		Connected objects
& data science

MOBILITY INDUSTRY

AT A TURNING POINT

AutonomousRide-sharing

Human

• bio-inspiredscience Women empowerment
  Aging population
  Millennials aspirations

Individualism & freedom

Electrified

STRUCTURE EVOLVING SOCIETY OF

AUTOMOTIVE MEGATRENDS DRIVEN BY AFFORDABILITY AND CO2 NEUTRALITY

39 Non-deal roadshow post-FY 2019 results - February March 2020

Transformation strategy aligned with megatrends giving significant market opportunity

Sustainable Mobility	Cockpit of the Future
Solutions for fuel efficiency,	Solutions for a connected, versatile
air quality and zero emissions	and predictive cockpit

Addressable	Addressable
market	market
€46bn	€73bn
in 2030	in 2030

40 Non-deal roadshow post-FY 2019 results - February March 2020

Sustained investment in innovation and development of a broad ecosystem

Acquisitions

Partnerships

Start-ups

Sustainable Mobility Cockpit of the Future	Group	> Sustainable Mobility
•	Partnership with Michelin for fuel cell systems
			• Acquisition of Ullit for high-pressure tanks
			> Cockpit of the Future
			• Acquisitions of Clarion, Creo Dynamics
				and Covatech
			• Acquisition of the remaining stake in SAS
			• Partnerships with Microsoft, Aptoide,
				Devialet and Allwinner
			> Cybersecurity
			• Investment in Guardknox and technology
				platform in Tel Aviv
			> Innovation
			• €584m over the last three years (€235m in 2019)
			> Patents
			• 608 first patents, of which 476 for Seating,
				Interiors and Clean Mobility (vs. 403 in 2018)
				+ 132 for FCE

41 Non-deal roadshow post-FY 2019 results - February March 2020

Faurecia now offers an extended range of product lines

for Sustainable Mobility and Cockpit of the Future

SUSTAINABLE MOBILITY			COCKPIT OF THE FUTURE
PASSENGER		DUAL POWER ELECTRIC			SEAT STRUCTURE	COVERS	COMFORT
		COMPLETE SEATS	& WELLNESS
VEHICLES		VEHICLES		SYSTEMS	& FOAM SOLUTIONS
			SOLUTIONS

FUEL CELL ELECTRIC		COMMERCIAL VEHICLES		INTERIOR MODULES	INSTRUMENT PANELS	DOOR PANELS	ACOUSTIC
VEHICLES		& HIGH HORSEPOWER		& CENTER CONSOLES	SYSTEMS

SMART MATERIALS	ADAS		COCKPIT DOMAIN		IMMERSIVE		DISPLAY		DECORATION
	CONTROLLER		EXPERIENCES		TECHNOLOGIES		& INTERIOR LIGHTING

42	Non-deal roadshow post-FY 2019 results - February March 2020		Recent acquisitions & JVs

Total Customer Satisfaction improvement in performance and perception

PERFORMANCE

Customer Claims

Quality-31%

20182019

Delivery Red Alerts

Delivery-20%

20182019

PERCEPTION

App Feedbacks

16XListen

20182019

% of Positive Feedbacks

+40%Improve

20182019

TOTAL CUSTOMER SATISFACTION: EVERYONE, EVERYWHERE, EVERYTIME

HR	Engineering	Program	Purchasing /	Finance	Sales	Plants
Management	Suppliers

43 Non-deal roadshow post-FY 2019 results - February March 2020

Our resilience is based on 3 pillars

GLOBAL INITIATIVES

• Total Customer Satisfaction
• Three Global cost optimization programs launched in 2018:
• • "Operations Execution and Digital Transformation" for increasing industrial efficiency
  • "Global Business Services" for a leaner cost structure
  • "Global R&D Power" for improving engineering efficiency
• Convert to Cash

Enhanced efficiency

& leaner cost structure

STRUCTURAL ACTIONS			GOVERNANCE
& COST FLEXIBILIZATION			& MANAGEMENT FOCUS
> Rationalization/Optimization	>	Monthly Operations Reviews
of industrial footprint			with Business Groups
> Tight management of direct	>	Annual stress case scenarii
and indirect headcount			with specific actions plans
> Use of temporary staff	>	Sponsorship of an Executive
> SG&A cost-cutting measures			Committee member for each
		key country/sub-region
	>	Monthly Risk Management
			Reviews for plants and programs

Increased agility	High anticipation
& resilience	& responsiveness

44 Non-deal roadshow post-FY 2019 results - February March 2020

Our Convert2Cash (C2C) program is delivering on targets

PROGRAM OBJECTIVES

presented in May 2018

• Accelerate overdue collection (< 0.5% of sales)
• Inventories converging to benchmark
  (down 1 day every year)
• Increase volume per supplier against improved payment terms
• Secure D&D/Tooling financing
• Capex optimized by 10% by 2020 (standardization, utilization
  & re-use)

PROGRESS TO DATE

• Overdues down 25% vs. end 2017
• Inventories adjusted to volume drop
• Reverse factoring in place in all regions
• Capex down 7% mainly thanks to equipment re-use

NEXT STEPS

• Integration of FCE and SAS
• Just Needed Inventory (JNI) processes and Material Planning (MPTS) centralization to reduce inventories
  to 8 days by 2022
• Targeting > 50% D&D/Tooling paid at SOP
• Systematic Make-or-Buy review to get a 15% reduction in Capex by 2022

2022 NCF target of 4% of sales

45 Non-deal roadshow post-FY 2019 results - February March 2020

Cash allocation strategy remains focused on bolt-on acquisitions and fair shareholder remuneration

• Self-financedbolt-on strategy
• • In line with strategic priority
    of accelerating NVS and increasing presence in Asian markets
  • Consistent with net debt reduction policy
• Dividend policy
• • Fair shareholder remuneration through increase in dividend along with increase in profits and cash generation

NET CASH FLOW ALLOCATION STRATEGY

Dividends

&

share repurchases*

Bolt-ons	c. 40%
&

deleveraging

• 1. 60%
• Share repurchases are mainly allocated to performance share plans (no dilution for shareholders)

46 Non-deal roadshow post-FY 2019 results - February March 2020

Faurecia's market assumptions with low visibility for 2020

AUTOMOTIVE PRODUCTION GROWTH		AUTOMOTIVE PRODUCTION GROWTH
2020 vs. 2019		2020-2022 CAGR

North America		Europe		China		North America		Europe		China
Slightly down		Slightly down
		c. -5%		Flat		Flat		c. +3%
(-1 to -2%)		(-3 to -4%)

WORLDWIDE	WORLDWIDE
c. -3%	c. +1%

47 Non-deal roadshow post-FY 2019 results - February March 2020

Sales growth and improved operating margin in all Business Groups

> €17.8bn of sales

OM = 7.2% of sales

OM = 1.5% of sales	5% of Group sales

26% of Group sales OM = 11.3% of sales

30% of Group sales

OM = 5.5% of sales

39% of Group sales

OM = 6.5% of sales

CAGR

≥ +5%

x2

CAGR

c. +4%

CAGR

c. +6%

(incl. SAS scope effect)

CAGR

c. +4%

(acceleration in 2021 onwards)

> €20.5bn of sales

OM = 8% of sales

˂ 10% of Group sales

OM ≥ 6% of sales

c. 25% of Group sales

OM ≥ 12% of sales

c. 30% of Group sales

OM ≥ 7% of sales

• 35% of Group sales
  OM ≥ 7% of sales

2019e

2022 target (no bolt-on included)

48	Non-deal roadshow post-FY 2019 results - February March 2020		FAS		FIS		FCM		FCE

FY 2020 guidance puts us on track to achieve our mid-term targets

• Faurecia is committed to generate profitable growth and create value for all stakeholders
• Our mid-termfinancial targets presented at our Capital Markets Day on November 26, 2019 are as follows:

2022 FINANCIAL TARGETS

SALES	OPERATING	NET
MARGIN	CASH FLOW
> €20.5bn
8% of sales	4% of sales

49 Non-deal roadshow post-FY 2019 results - February March 2020

Agenda

1. FAURECIA AT A GLANCE
2. INVESTMENT CASE
3. FY 2019 RESULTS
4. STRATEGY AND 2022 FINANCIAL TARGETS
5. ESG APPROACH

50 Non-deal roadshow post-FY 2019 results - February March 2020

Strong Convictions are the basis of our CSR approach

"As a company,

we believe that acting responsibly is key to ensure the sustainable development of our ecosystem for the future generations.

By acting responsibly,

we create long-term value for all our stakeholders and ensure the sustainability of our business and the planet.

This is the reason why we have defined our Convictions"

WE ARE CONVINCED THAT

Environmental		The world is in a		Diversity
issues pose a		state of permanent		is a strength
serious challenge		disruption
for humanity

Companies must		Power must		Short-term thinking
have a positive		have a		jeopardizes future
impact on society		counterbalance		generations

51 Non-deal roadshow post-FY 2019 results - February March 2020

Six transversal initiatives to respond to our Convictions and to anticipate the next disruption

	Environmental	Companies	The world			Short-term
	Power		thinking
	issues pose a	must have	is in a state	Diversity
	must have a	jeopardizes
	serious challenge	a positive impact	of permanent	is a strength
	counterbalance	future
	for humanity	on society	disruption
			generations
CO2 Neutrality by 2030
Faurecia Foundation for mobility,
education and environment
Strategic innovation for Sustainable
Mobility and Cockpit of the Future
Inclusive Culture to attract,
develop and retain diverse talents
Total Customer Satisfaction
for long term partnerships
Learning Organization to anticipate
future disruption

52 Non-deal roadshow post-FY 2019 results - February March 2020

Faurecia CSR Roadmap 2019-2022 for PLANET

PLANET

KEY INDICATOR	CONTENT	TARGET 2022
RESULTS 2019

GHG emissions	CO2	tons equivalent/	-20% by 2022
Million euros of sales	(42 in 2019, vs 41 in 2018)
		scope 1 & 2

		MWh per Million euros	-10% by 2022
CO2	Energy efficiency	(117,5 in 2019 vs 116 in 2018)
of sales
NEUTRAL
BY 2030			100% of the new innovation
	EcoDesign in products	Develop the methodology	projects and 80% of the products
	and assess the Group portfolio	portfolio screened by the EcoDesign
			methodology by 2022

Waste treatment	Tons wastes	-5% by 2022
per Million euros of sales	(14,66 in 2019 vs 14,07 in 2018)

53 Non-deal roadshow post-FY 2019 results - February March 2020

Faurecia CSR Roadmap 2019-2022 for BUSINESS

BUSINESS

STRATEGIC INNOVATION

&

STAKEHOLDER SATISFACTION

KEY INDICATOR	CONTENT	TARGET 2022
RESULTS 2019

Patents	Number of new patents filled	500 / year
(610 in 2019 incl 134 for FCE)

	Number of plant at risks,	5% in 2022
Plant risk assessment	(based on internal
(5,8% in 2019, 15 sites at risk
and mitigation	risk assessment)
over 259 sites)
	/ % of number of plants

Customers satisfaction	Index based on the Total	Ranking 4/5 stars in 2022
Customer Satisfaction	(4/5 in 2019)

Suppliers	Index based on the Supplier	2,95 in 2022
satisfaction	Survey	(2,88 in 2019)

54 Non-deal roadshow post-FY 2019 results - February March 2020

Faurecia CSR Roadmap 2019-2022 for PEOPLE

PEOPLE

INCLUSIVE AND DIVERSITY CULTURE

&

EMPLOYABILITY

&

SOCIETY INVOLVEMENT

KEY INDICATOR	CONTENT	TARGET 2022
RESULTS 2019
	% women managers in M&Ps	31% in 2022
	(24,4% in 2019)
Diversity & inclusion	% women managers in top leaders	21% in 2022
(15% in 2019)
	% non European in top leaders	39% in 2022
	(34% in 2019)
Employees satisfaction	Engagement Index based	67 pts in 2022
on the Employee Survey	(64 pts in 2019)
Safety at work	Fr1t, number of accidents per million	-30% by 2022
hours worked without day lost	(2,05 in 2019 -13% )
Employability	Number of training hours	24h/ employee/year
per employee	(21.6 h in 2019)
	Foundation at group level
	to develop projects on education,	10 projects in 2022
Societal	mobility and environment
engagement
	Local communities	>1200 projects/year
	involvement from sites	(1000 projects in 2019)

55 Non-deal roadshow post-FY 2019 results - February March 2020

Two governance bodies driving strategy and execution

Board of Directors

Executive Committee

• Decides the strategy
• Oversees the implementation
• Proposes the strategy
• Pilots the execution

56 Non-deal roadshow post-FY 2019 results - February March 2020

A diverse, multidisciplinary and committed Board of Directors

6	46%	61.5%	2
nationalities	female*	independent*	employee
			representatives

6 96.55%

meetings** attendance rate

EXPERIENCE & EXPERTISE

• Automotive technologies
• Industry
• Banking, Finance
  and Risk Management
• Artificial intelligence & digital technologies
• Governance & CSR
• Geographic markets
• Automotive industry
• Leadership and crisis management
• Digital and technologies

		* Excluding employee
57	Non-deal roadshow post-FY 2019 results - February March 2020	representatives

• + 1 meeting dedicated to Faurecia spin-off
• • 
    (without members affiliated with PSA)
  • 1 meeting with independant members

Main activities of the Board of Directors in 2019

STRATEGY

Annual review

of the Group's strategy

Regular update

on strategic projects

Clarion's integration

Updates on regional

markets

Prososed distribution

of Faurecia shares

by PSA

FINANCES

Examination and approval

of the accounts

Setting the dividend

Bond issue

Review of the provisional

accounts

COMPENSATION AND HUMAN RESOURCES

Determination of the remuneration of the Corporate Officers (including say on pay)

Review and decision on performance share plans

Review of succession plans

GOVERNANCE

Review of draft resolutions and convening of the AGM

Change of Committees

allocation of work

Recruitment of new board

members

RISK & CSR

Review of the main

risks and CSR approach

58 Non-deal roadshow post-FY 2019 results - February March 2020

Three committees in support of the Board

AUDIT		GOVERNANCE AND		COMPENSATION
COMMITTEE		NOMINATIONS COMMITTEE		COMMITTEE

Chair

Odile	Michel	Linda
Desforges	de Rosen	Hasenfratz

Meetings	5	5	5
Attendance rate	100%	95%	90%
Members	Valérie Landon		Penelope Herscher		Daniel Bernardino
	Olivia Larmaraud		Denis Mercier		Peter Mertens
	Emmanuel Pioche		Philippe de Rovira		Robert Peugeot

59 Non-deal roadshow post-FY 2019 results - February March 2020

An active and dedicated Executive Committee

6 business and region EVPs

7 support functions EVPs

50%	14%	53 years	10 years
non-French	female	average age	average group
			seniority

60 Non-deal roadshow post-FY 2019 results - February March 2020

Faurecia Risk governance model

BOARD OF DIRECTORS

MANAGEMENT

Board of Directors

Yearly review of Risk Management process

and top risks

Executive Committee

Monthly Committee with review

of specific risks

	Audit Committee			Risk Committee
Yearly presentation of Risk Management process	Quarterly Committee with review of Tier-1
	and Tier-1 risks		and Tier-2 risks
	Quarterly review of a specific Tier-1 risk
		Other Committees
				(CSR, Internal Control, Compliance)
				As appropriate to review relevant risks

61 Non-deal roadshow post-FY 2019 results - February March 2020

Faurecia Risk Management program

51 risks identified of which 15 "top risks"

Risk Identification

More than 50 key risk indicators

Risk Monitoring

Risk Assessment

Probability & impact assessment performed with risk owners

Risk Control

More than 100 existing controls identified / More than 20 actions plans identified

62 Non-deal roadshow post-FY 2019 results - February March 2020

Financial calendar

> April 20, 2020

Q1 2020 sales announcement

> May, 29, 2020

Annual Shareholders' Meeting

> July 27, 2020

H1 2020 results announcement

> October 23, 2020

Q3 2020 sales announcement

64 Non-deal roadshow post-FY 2019 results - February March 2020

Contact & share data

Investor Relations

Marc MAILLET

Tel: [phone]

E-mail: [e-mail]

Anne-Sophie JUGEAN

Tel: [phone]

E-mail: [e-mail]

23-27, avenue des Champs Pierreux

92000 Nanterre (France) Web site: www.faurecia.com

Share Data

Bloomberg Ticker:	EO:FP
Reuters Ticker:	EPED.PA
Datastream:	F:BERT
ISIN Code:	FR0000121147

Bonds ISIN Codes

2025 bonds: XS1785467751

2026 bonds: XS1963830002

2027 bonds: XS2081474046

65 Non-deal roadshow post-FY 2019 results - February March 2020

Disclaimer

Important information concerning forward looking statements

This presentation contains certain forward-looking statements concerning Faurecia. Such forward-looking statements represent trends or objectives and cannot be construed as constituting forecasts regarding the future Faurecia's results or any other performance indicator. In some cases, you can identify these forward-looking statements by forward-looking words, such as "estimate," "expect," "anticipate," "project," "plan," "intend," "objective", "believe," "forecast," "foresee," "likely," "may," "should," "goal," "target," "might," "would,", "will", "could,", "predict," "continue," "convinced," and "confident," the negative or plural of these words and other comparable terminology. Forward looking statements in this document include, but are not limited to, financial projections and estimates and their underlying assumptions, expectations and statements regarding Faurecia's operation of its business, and the future operation, direction and success of Faurecia's business.

Although Faurecia believes its expectations are based on reasonable assumptions, investors are cautioned that these forward-looking statements are subject to numerous various risks, whether known or unknown, and uncertainties and other factors, which may be beyond the control of Faurecia and which could cause actual results to differ materially from those anticipated in these forward-looking statements. For a detailed description of these risks and uncertainties and other factors, please refer to public filings made with the Autorité des Marchés Financiers ("AMF"), press releases, presentations and, in particular, to those described in the section 2."Risk Factor" section of Faurecia's 2018 Registration Document filed with the AMF on 26 April 2019 under number D.19-0415 (a version of which is available on www.faurecia.com).

Subject to regulatory requirements, Faurecia does not undertake to publicly update or revise any of these forward-looking statements whether as a result of new information, future events, or otherwise. Any information relating to past performance contained herein is not a guarantee of future performance. Nothing herein should be construed as an investment recommendation or as legal, tax, investment or accounting advice.

This presentation does not constitute and should not be construed as an offer to sell or a solicitation of an offer to buy Faurecia securities.

66 Non-deal roadshow post-FY 2019 results - February March 2020