June 22,

2021

PC/LT: +27%

2020

2021

2021

vs 2019

+81+53

-5-12-22-46-39

+2

+4 +27

-4

Jan

Feb

Jan

Feb

Mar

Apr May

YTD

Mar

Apr

May

+90+57

-1-4-24-51-43

-5

-7

+28

-7

Jan

Feb

Jan

Feb

Mar

Apr

May

YTD

Mar

Apr

May

Apr

+179+107

-5 -2-18 -60-52

+4 -7 +26

1

Jan

Feb

Jan

Feb

Mar

Apr

May

YTD

Mar

Apr

May

+182

-17-70-36-8+9

+24

+51

-4

0

-3

Jan

Apr

May

Jan

Feb

Mar

Apr

May

YTD

Mar

Feb

Source: Michelin. Tire market data are regularly adjusted and may be updated following their initial publication

  • Including Central America for OE

European Automotive Conference - June 22, 2021

TRUCK: +26%

2020

2021

2021

vs 2019

+42

-11

-22-20-24-20

+11

+30 +32

+21

2

Jan

Jan

Feb

Mar Apr

May

YTD

Feb Mar

Apr

May

+6 +11

+40 +86 +48

-5

-6-19-46-35

3

Jan

Feb

Jan Feb

Mar Apr May

YTD

Mar

Apr

May

+14

+6 +23

+70 +80

13

-3

-3

-8

-27

-37

Jan

Feb

Mar

Jan

Feb Mar

Apr May

YTD

Apr

May

+28+272

-18-60-26+4 +9

+51

-3

-8

11

Apr

May

Jan

Feb

Mar

Apr

May

YTD

Jan

Mar

Feb

SPECIALITIES*: +8 à +12%

* estimated full-year market growth in 2021

Q1 2021 vs. Q1 2020 sales

(in € millions and %)

+8.3%

+402

+45

0

5,769

Price-mix

Non-tire businesses

(0.0%)

-321

(+0.9%)

o/w mix +0.6%

5,448

5,327

-5

Currency effect

Volumes

(-6.0%)

Scope*

(-0.1%)

(+7.5%)

Q1 2020

Q1 2021

Q1 2021

at constant

* Deconsolidation of printing, publishing and marketing of Maps & Guides for France (Michelin Editions), effective February 1, 2021

exchange rates

European Automotive Conference - June 22, 2021

(in € millions)

Q1 2021

Q1 2020

Change

RS1 sales

2,694

2,597

+3.7%

Volumes

+7.8%

RS2 sales

1,388

1,360

+2.1%

Volumes

+8.1%

RS3 sales

1,366

1,370

-0.3%

Volumes

+6.2%

TOTAL

5,448

5,327

+2.3%

Volumes

+7.5%

  • RS1: despite the adverse price impact of indexation clauses, sales rose over the period, lifted by the sharp increase in volumes and the steady upmarket enhancement in the product mix.
  • RS2: sales gains reflected robust volume growth in every Group market, disciplined price management and the Michelin brand-driven upmarket shift in the product mix.
  • RS3: a favorable price effect and strong volume growth offset a negative business mix.

European Automotive Conference - June 22, 2021

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Compagnie Générale des établissements Michelin SA published this content on 22 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 June 2021 12:22:02 UTC.