The 2020 half-year consolidated financial statements have been approved by the
Board of DirectorsFebruaryat its meeting held on July 24, 2020, under the chairmanship of Michel de Rosen. These financial statements have been subject to a limited review
and the external17, 2020auditors have issued their report.
Operating income presented as Faurecia's main performance indicator is Operating income before amortization of intangible assets acquired in business combinations.
Key messages
Agility & Resilience
In H1, Faurecia quickly reacted to the Covid-19 crisis whilst continuing to deploy strategy
Focus on 3 priorities: safe restart, liquidity and resilience
Increased customer satisfaction with strong order intake and customer awards
Successful integration of SAS and selective investments and partnerships
In H2, Faurecia will be back to solid profit and cash generation thanks to further resilience actions
Targeting around 4.5% operating margin
Targeting around €600m net cash flow
For 2022, Faurecia confirms its ambition of 8% profitability and 4% cash generation, despite lower sales
2 H1 2020 Results - July 27, 2020
Agenda
1
2
3
QUICK REACTION TO THE CRISIS IN H1 WHILST CONTINUING TO DEPLOY STRATEGY
H2 TURNAROUND MEASURES AND GUIDANCE
STRUCTURAL INITIATIVES TO CONSOLIDATE MEDIUM-TERM AMBITION IN A NEW ENVIRONMENT
3 H1 2020 Results - July 27, 2020
Safe restart of production with strong governance and vigilance
Safety protocol adapted to country Covid risk level
All sites successfully restarted with strong protocol for protection of employees
> Preparing for return from summer break with increased protection for 14 days
> All sites capable of returning to maximum protection level within 48 hours
Lowest risk Highest risk
4 H1 2020 Results - July 27, 2020
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Faurecia SA published this content on 21 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 October 2020 14:14:01 UTC
FORVIA SE is one of the world leaders in designing, manufacturing, and marketing automotive equipment. Net sales break down by product family as follows:
- seats (31.4%; No. 1 worldwide);
- interior car parts (18.1%; 1 worldwide): dashboards and instrument panels (No. 1 worldwide), doors and door panels, and acoustic modules;
- exhaust systems (17.7%; No. 1 worldwide);
- audiovisual and multimedia equipment (15.2%): car radios, multimedia devices, navigation systems, automatic guiding systems, location systems, safety assistance systems with CDD captor cameras, wireless communication, monitors, etc.;
- lighting equipment (13.7%);
- other (3.9%).
At the end of 2023, the group had more than 290 production sites worldwide.
Net sales are distributed geographically as follows: France (6.2%), Germany (10.9%), Europe/Middle East/Africa (29.3%), Asia (27.1%) and America (26.5%).
FORVIA (EX-FAURECIA) 
