Valeo : Presentation – Q1 2021 Sales

Q1 2021

SALES

JACQUES ASCHENBROICH

CHAIRMAN & CEO

Q1 2021 SALES

TABLE OF CONTENTS

01		KEY HIGHLIGHTS
02		PLAN
		CARBON NEUTRALITY
03		Q1 SALES
04		OUTPERFORMANCE BY
	REGION

03

05

07

09

05

06

07

OUTPERFORMANCE BY
15
SEGMENT

2021 OUTLOOK
	20

BACKUP SLIDES
	23

VALEO RESERVED	April 28, 2021	2

Q1 2021 HIGHLIGHTS (1/2)

• Sales of €4,667m, up 8% LFL vs 2020
• OEM sales up 7% LFL vs 2020 in line with the market excluding region mix
• Strong outperformance in all regions vs 2019

Region	Outperformance*
Europe	+12pts
Asia	+12pts
of which China	+26pts
North America	+12pts
South America	+26pts

• 14pts World outperformance vs 2019 excluding region mix
• Strong outperformance in all Business Groups vs 2019 mainly driven by ADAS and electrification

Business Group	Outperformance*
Comfort & Driving Assistance	+21pts
Powertrain	+15pts
Thermal	+7pts
Visibility	+11pts

*IHS estimates April 16 2021 and CPCA for China ** Excluding region mix

VALEO RESERVED

Q1 2021 HIGHLIGHTS (2/2)

• Valeo Siemens eAutomotive: in line with our expectations
• • Sales +93%
• Strong outperformance* at Valeo Group level expected in Q2 vs 2020 and 2019
• FY 2021 guidance confirmed

*IHS estimates April 16 2021 and CPCA for China

VALEO RESERVED	April 28, 2021	4

VALEO'S WORLDWIDE COMMITMENT

IN LINE WITH

EUROPEAN GREEN DEAL AMBITION

C02

Valeo	-45%

Annualized CO2

emissions reduction objectives integrated into the variable compensation of the Group's 1,500 key managers and performance shares granted to senior management

2019

2030

2050

April 28, 2021	5