Press Conference IAA 2007 Thierry Morin Thierry Morin Chairman & CEO Chairman & CEO September 12, 2007 IAA Conference 1 September 12, 2007
IAA Conference 2 September 12, 2007
Production of Vehicles Number of Vehicles Number of Vehicles Total in Mio 62.1 63.6 66.1 68.0 70.8 74.2 76.9 80.0 82.4 84.8 87.3 18 000 000 W.Europe 16 000 000 N.America 14 000 000 China 12 000 000 Japan 10 000 000 E.Europe 8 000 000 6 000 000 4 000 000 S.America 2 000 000 0 Year Year 2 004 2 005 2 006 2 007 2 008 2 009 2 010 2 011 2 012 2 013 2 014 Source: J.D. Powers IAA Conference 3 September 12, 2007
Climate Change: CO 2 Emissions CO 2 (ppm) in atmosphere CO 2 (ppm) in atmosphere 600 500 400 300 200 Year 1000 1200 1800 Year 1400 1600 2000 Source: Intergovernmental Panel on Climate Change IAA Conference 4 September 12, 2007
CO 2 Emissions: Breakdown AIR; 3% AIR; 3% ROAD; 18% ROAD; 18% SHIP; 2% SHIP; 2% Other; 1% Other; 1% Others; 5% Others; 5% ENERGY; 45% ENERGY; 45% RESIDENTIAL; 8% RESIDENTIAL; 8% INDUSTRY; 18% INDUSTRY; 18% Total transportation sector: 24 % of WW CO 2 emission Total transportation sector: 24 % of WW CO 2 emission Source: International Energy Agency IAA Conference 5 September 12, 2007
CO 2 Regulation Europe: Europe: Japan: Japan: 120g CO 2 /km 120g CO 2 /km 16,8 km/l 16,8 km/l by 2012 by 2012 USA: USA: by 2015 by 2015 95g CO 2 /km 95g CO 2 /km Council for transport 35 MPG Council for transport 35 MPG by 2020 by 2020 Policy Policy by 2020 by 2020 February 2007 February 2007 European Commission European Commission Jan. 10, 2007 Senate Bill Jan. 10, 2007 Senate Bill June 21, 07 June 21, 07 IAA Conference 6 September 12, 2007
Accident Statistics July 2006 Road safety evolution in EU Road safety evolution in EU Source EU Commission More than 100 people do not come back home everyday More than 100 people do not come back home everyday IAA Conference 7 September 12, 2007
Government Safety Goals � Japan: 50% reduction in road fatalities by 2013 � Japan: 50% reduction in road fatalities by 2013 � Australia: 40% reduction in road fatalities by 2010 � Australia: 40% reduction in road fatalities by 2010 � USA: 33% reduction in road crashes by 2008 � USA: 33% reduction in road crashes by 2008 � Europe: 50% reduction in road fatalities by 2010 � Europe: 50% reduction in road fatalities by 2010 Governments are reacting Governments are reacting IAA Conference 8 September 12, 2007
Valeo Answers
Valeo Domains Driving Assistance : Reconciling automobiles and safety by reinforcing the active aspects of accident prevention and avoidance. Powertrain Efficiency : Reconciling automobiles and the environment by contributing to the creation of cleaner, more fuel-efficient vehicles. Comfort Enhancement : Reconciling automobiles and well-being by making vehicles easier to use and enhancing driver and passenger comfort. IAA Conference 10 September 12, 2007
IAA Conference 11 September 12, 2007
40% less CO2 Emissions Possible IAA Conference 12 September 12, 2007
Burden for OEMs- Opportunity for suppliers � Powertrain value will significantly grow � We expect + � 1000 to � 1500 � average for 2012 � OEMs have no choice: � Best “cost-to-performance” solutions will be their priority � Suppliers who have good solutions portfolio will immediately benefit from this trend IAA Conference 13 September 12, 2007
Growth by Domain Max content per vehicle (in euros) 2005 2010 Driving Assistance 780 950 600 1 480 Powertrain Efficiency 1 000 1 950 Comfort Enhancement Total 2 380 4 380 IAA Conference 14 September 12, 2007
Valeo Strategy
Valeo strategy � Portfolio reshuffling to focus on 3 Domains � Sale of VMA and VCS � Acquisition of JCEED and Connaught Electronics � 2010 financial objectives � 6%+ operating margin � Above 4.5x asset turn at constant perimeter IAA Conference 16 September 12, 2007
Remain focused on long term value creation � Portfolio reshuffling � VMA, VCS � Further divestitures and acquisitions to reinforce Domains � 2010 financial objectives � 6%+ operating margin � Above 4.5x asset turn at constant perimeter IAA Conference 17 September 12, 2007
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