PEUGEOT - UG-FR INVESTOR PRESENTATION December, 2010 Investor Relations James Palmer + 33 1 40 66 54 59 James.palmer@mpsa.com
This presentation may contain forward#looking statements. Such forward#looking statements do not constitute forecasts regarding the Company’s results or any other performance indicator, but rather trends or targets, as the case may be. These statements are by their nature subject to risks and uncertainties as described in the Company’s annual report available on its Internet website (www.psa#peugeot#citroen.com). These statements do not reflect future performance of the Company, which may materially differ. The Company does not undertake to provide updates of these statements. More comprehensive information about PSA Peugeot Citroën may be obtained on its Internet website (www.psa#peugeot#Citroën.com), under Regulated Information. Investor update – December 2010 2
GROUP OVERVIEW
PSA Peugeot Citroën > Two powerful, distinct and complementary brands • The company is listed on the Paris NYSE Euronext and employs 196 000 employees worldwide. Market cap. approximately of €6bn • FY 2009 turnover of €48.4bn ( 9M 2010: €41.4bn , change 10/09: +17.3% ) • 3 188 000 vehicles sold worldwide in 2009 (2 664 000 vehicles in 9M 2010, change 10/09: +12.2% ) • Europe’s No. 2 vehicle manufacturer with market share of 13.8% in 2009 (14,3% in 9M 2010) and a worldwide market share of 5.1% Investor update – December 2010 4
Group worldwide sales RUSSIA WESTERN EUROPE WORLDWIDE +18.6% SALES +5.4% 41 000 2 159 000 +12.2% 3 188 000 39 000 1 668 000 33 000 9M= 1 583 000 9M= 2 664 000 2 375 000 9M= 2009 9M 2010 2009 9M 2010 2009 9M 2010 CHINA +39.9% 272 000 LATIN AMERICA 263 000 +17.7% 232 000 188 000 9M= 205 000 2009 9M 2010 9M= 174 000 2009 9M 2010 Investor update – December 2010 5
PSA Peugeot Citroën – 200 years of history DCAC joint venture set up Joint venture DPCA created with Dongfeng Motors to with Dongfeng Motors to expand assemble Citroën ZX cooperative production of Peugeot models in China. and Citroën models in China Creation of “Peugeot#Frères”. The Peugeot Citroën group The Peugeot Creation of Joint PSA Peugeot Citroën# Appointment of is created by the merger of brothers convert CREDIPAR; French Toyota production plant Philippe Varin as Citroën SA and Peugeot SA, a grain mill into finance subsidiary of Porto Real production inaugurated in Kolin, Czech Chairman of the in which Peugeot takes over a steel foundry PSA plant inaugurated in Brazil Republic Managing Board Citroën New Production plant inaugurated in Trnava, Slovakia 1810 1896 1976 1978 1979 1992 1998 2001 2002 2005 2006 2008 2009 Armand Peugeot PSA Peugeot ECIA completes a friendly The cornerstone is founds the company Citroën acquires acquisition of equipment laid for the Kaluga "Automobiles Peugeot" Chrysler Europe manufacturer Bertrand Faure. plant in Russia and an to continue to produce The new company, named agreement is signed cars and trucks Faurecia, is more than 50% with Mitsubishi Motors owned by PSA Peugeot Citroën. Corporation Investor update – December 2010 6
The company has well established valuable cooperation DIESEL ENGINES 16.5 million diesel engines produced since 1998 PETROL ENGINES More than 1.5 million units since 2006 Development of hybrid components for front#wheel# HYBRID COMPONENTS drive vehicles SUVs since 2005 and now electric vehicles SUVs AND ELECTRIC VEHICLES 75 000 Peugeot and Citroën SUVs produced PETROL ENGINES Engines and mechanical sub#assemblies since 1966 COMPACT CITY CARS 1.5 million compact city cars produced since 2005 LIGHT COMMERCIAL Light commercial vehicles and MPVs VEHICLES AND MPVs 6.3 million vehicles produced since 1978 Investor update – December 2010 7
Non#automotive activities FINANCING & SERVICES TRANSPORT AND LOGISTICS 23.7% of H1 2010 Group’s recurring operating income 10.7% of H1 2010 Group’s recurring operating income AUTOMOTIVE EQUIPMENT Listed at Paris in the NYSE Euronext stock exchange 19% of H1 2010 Group’s recurring operating income Investor update – December 2010 8
Ambitions and performance objectives €3.3bn PERFORMANCE OUR AMBITIONS PLAN 2010A2012 A step ahead in pioneering vehicles & services 30% Sales & Marketing A global player 15% High growth markets An industry benchmark 55% Production, for operational efficiency Development & SG&A Investor update – December 2010 9
CURRENT HIGHLIGHTS
Key highlights YTD 2010 • Operating and financial performance restored ► Market trends better than expected ► Market share growth in Europe, Latin America and China ► Profitability restored in H1, Expectations raised for H2 & 2010 ► Solid financial structure and active optimisation of debt • Progressing on our ambitions ► Building blocks in place in high growth markets to reach 50% sales by 2015 ► Products to support market share and pricing power ► Pioneering technologies to reduce CO 2 emissions ► New co#operations to support growth and generate development synergies ► Performance plan delivering operational excellence Investor update – December 2010 11
Market trends Cars and light commercial vehicles – Market A 5% + c. 10% + c. 20% 2010 FY Expectations 2010 FY Expectations 2010 FY Expectations 10M 2010 10M 2010 10M 2010 Q1 2010 Q2 2010 Q1 2010 Q2 2010 Q1 2010 Q2 2010 ������ ������� ������ ������� ������� ����� ������ � ���� � ���� Europe* Latin America China** * Europe = EU + EFTA + Croatia ** Only cars Investor update – December 2010 12
Market share growth Worldwide 2008 2009 10M 2010 > Increased market coverage > Success of new models Europe 30 Q3 2009 Q3 2010 Q3 2009 Q3 2010 Q3 2009 Q3 2010 5.8% ���� 3.4% 3.2% ���� ���� Russia Latin America China* * Only cars Investor update – December 2010 13
Group results H1 2009 H1 2010 Variation ���������������� Revenues 23 497 28 394 +20.8% Recurring operating income/(loss) (826) 1 137 % of revenues #3.5% 4.0% Non–recurring operating income and (expenses) (506) (69) Operating income/(loss) (1 332) 1 068 Net financial income (expenses) (226) (241) Income taxes 470 (227) Share in net earnings of equity affiliates 24 137 Consolidated net income/(loss) (1 064) 737 Net income/(loss), Group share (962) 680 Earning per share (in euros) (4.24) 3.00 Automotive recurring operating income: break even in H2 Group recurring operating income: > €1.5bn for the full year 2010 Investor update – December 2010 14
Strong Liquidity Position > Significant liquidity headroom > Low gearing of 12.5% ���������������� End 2009 End H1 2010 Cash and cash equivalents 7 843 9 084 Current & non current financial assets 1 185 1 271 Total 9 028 10 355 BackAup facility (undrawn) 2 400 2 400 Total liquidity available 11 428 12 755 Net debt position 1 993 1 732 Total shareholders’ equity 12 447 13 845 Gearing ratio 16,0% 12,5% Net debt position at 31 st December expected at similar level Investor update – December 2010 15
Solid financial structure > Weighted average remaining maturity: 5.3 years Gross debt pro forma at 25.10.10 ���������������������� ������������� !"������#����$������ �%�"�!�����&� �#��� � ���������������� Renewed 3 066 €2.4bn undrawn credit line maturing July 2013 1 735 1 551 1 075 Current ratings: 777 600 Moody’s: Baa3/Negative/P3 435 Standard and Poor’s: BB+/Stable/B 2011 2012 2013 2014 2015 2016 2033 Investor update – December 2010 16
NEW MODEL MOMENTUM
New model momentum 2009 PEUGEOT 3008 CITROËN C3 Picasso New CITROËN C3 PEUGEOT 5008 Investor update – December 2010 18
New model momentum 2010 End of 2010 2011 PEUGEOT RCZ CITROËN DS3 New CITROËN C4 PEUGEOT 508 et 508SW PEUGEOT 408 CITROËN C5 China PEUGEOT i0n CITROËN DS4 PEUGEOT Hoggar CITROËN Aircross CITROËN C Zero PEUGEOT 3008 Hy4 Investor update – December 2010 19
STRATEGY UPDATE
Progress on our ambitions 50% of vehicle sales in high growth A global player markets by 2015 A step ahead Design, emissions, services Operational excellence €3.3bn Performance Plan Investor update – December 2010 21
CHINA
China Passenger car equipment rate 800 Number of PC on the roads 700 135 000 000 PC 25 000 000 PC Italy 600 Canada Switzerland Australia UK Austria Germany 500 France Spain Sweden Belgium Netherlands Japan USA Greece Poland 400 Czech Rep Portugal 300 Malaysia Sth Korea Russia 200 Romania Mexico Brazil Argentina South Africa 100 Iran Turkey CHINA Indonesia India 0 0 1 000 000 2 000 000 3 000 000 4 000 000 5 000 000 6 000 000 7 000 000 8 000 000 2009 Passenger car market Investor update – December 2010 23
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