Q3 2016 Sales Jacques Aschenbroich Jacques Aschenbroich Chairman - PowerPoint PPT Presentation

Q3 2016 Sales Jacques Aschenbroich Jacques Aschenbroich Chairman and CEO October 20, 2016 October 20, 2016 I 1

Q3 highlights +16% as reported Sales of €4bn +12% like-for-like (1) +16% as reported OEM sales of €3.5bn +12% like-for-like (1) OEM sales outperformance Growth (1) Outperformance (2) Sustained World +12% +7pts sales growth sales growth Europe +9% +10pts China +39% +16pts Asia (excluding China) +7% +7pts North America +7% +4pts South America +10% +25pts +8% as reported Aftermarket sales of €0.4bn +5% like-for-like (1) Constant Group structure and exchange rates. (1) Versus automotive production (2) October 20, 2016 I 2

YTD sales figures +13% as reported Sales of €12.1bn +11% like-for-like (1) +14% as reported OEM sales of €10.6bn +12% like-for-like (1) OEM sales outperformance Growth (1) Outperformance (2) Sustained World +12% +9pts sales growth sales growth Europe +12% +9pts China +20% +9pts Asia (excluding China) +10% +11pts North America +9% +6pts South America -1% +16pts +5% as reported Aftermarket sales of €1.3bn +6% like-for-like (1) Constant Group structure and exchange rates. (1) Versus automotive production (2) October 20, 2016 I 3

2016 outlook Based on a revision from 2.5% to 3% of the growth forecast for global automotive production in 2016: We are raising our full-year 2016 target operating margin to around - 8% (as a percentage of sales), despite the increase in net R&D expenditure to fuel the Group's future growth, and are also confirming our objective of achieving strong sales growth, outperforming the our objective of achieving strong sales growth, outperforming the market in the main production regions, including China. October 20, 2016 I 4

Sustained sales growth with, in Q3 Sales of €4bn, up 16% as reported Sales of €4bn, up 16% up 12% like-for-like OEM sales up 16% as reported 7-point outperformance, up 12% like-for-like Aftermarket sales up 8% as reported up 5% like-for-like October 20, 2016 I 5

Sustained Q3 sales up 16% as reported, up 12% like-for-like YTD sales up 13% as reported, up 11% like-for-like Like-for-like +12% +11% +11% 12,124 8,130 8,130 3,994 €m H1 16 Q3 16 YTD 16 +11% +13% +16% Reported H1-2015 7,298 Q3-2015 3,449 YTD-2015 10,747 Exchange rates Exchange rates -1.8% Exchange rates -1.2% 0.0% Scope Scope +2.9% +2.4% Scope +4.0% October 20, 2016 I 6

Sustained Q3 OEM sales up 16% as reported, up 12% like-for-like Aftermarket sales up 8% as reported, up 5% like-for-like Aftermarket sales OEM sales +6%* +5%* +6%* 1,262 X,XXX 845 *Like-for-like +12%* +12%* +12%* 2,516 417 H1 16 Q3 16 YTD 16 +4%** +8%** +5%** 10,578 10,578 7,106 Miscellaneous €m 3,472 +6%* +43%* +17%* H1 16 Q3 16 YTD 16 284 179 +13%** +16%** +14%** **Reported 105 H1-2015 Q3-2015 2,990 6,316 YTD-2015 9,306 H1 16 Q3 16 YTD 16 Exchange rates Exchange rates Exchange rates -1.6% +0.1% -1.1% Scope +2.6% Scope +4.1% Scope +3.2% +6%** +46%** +18%** October 20, 2016 I 7

Sustained OEM sales growth in Q3 leading to a strong outperformance in all production regions Q3 OEM Like-for-like sales** +12% OEM World 48% of Valeo sales sales** Production***+5% +9% OEM Europe* 22% of Valeo sales sales** Outperf. +7pts Production*** -1% +7% North America Outperf. +10pts Production*** +3% Outperf. +4pts OEM 13% of Valeo sales sales** +7% +7% Asia* excl. China Asia* excl. China Production***0% OEM 2% of Valeo sales sales** Outperf. +7pts +10% OEM South America 15% of Valeo sales sales** Production***-15% +39% China Outperf. +25pts Production***+23% Outperf. +16pts *Europe including Africa; Asia including Middle East & Oceania ** Valeo OEM sales by destination ***LMC estimates – light vehicle production October 20, 2016 I 8

13-point outperformance in Asia Q3 Like-for-like 28% of total sales OEM 18% of Asian sales OEM Sales** Sales** +23% Asia* Japan -2% Production*** +10% Production*** 0% OEM 22% of Asian sales Sales** Outperf. +13pts Underperf. -2pts +15% Korea Production*** -18% Outperf. +33pts Outperf. +33pts OEM 52% of Asian sales Sales** +39% China Production*** +23% OEM 4% of Asian sales Sales** Outperf. +16pts +19% India Production*** +13% Outperf. +6pts *Asia including Middle East and Oceania **Valeo OEM sales by destination ***LMC estimates – light vehicle production October 20, 2016 I 9

Sustained OEM sales growth leading to a 9-point outperformance OEM YTD sales** Like-for-like +12% World OEM 50% of Valeo sales Production***+3% sales** +12% OEM Europe* Outperf. +9pts 22% of Valeo sales sales** Production*** +3% +9% North America Outperf. +9pts Production*** +3% Outperf. +6pts OEM 13% of Valeo sales sales** +10% +10% Asia* excl. China Asia* excl. China Production***-1% OEM 2% of Valeo sales sales** Outperf. +11pts -1% OEM South America 13% of Valeo sales sales** Production***-17% +20% China Outperf. +16pts Production***+11% Outperf. +9pts * Europe including Africa; Asia including Middle East & Oceania ** Valeo OEM sales by destination ***LMC estimates – light vehicle production October 20, 2016 I 10

Outperformance in all Asian countries YTD Like-for-like 18% of Asian sales OEM 26% of total sales OEM sales** Sales** Japan -2% +15% Asia* Production*** -3% Production*** +5% OEM Outperf. +1pt 23% of Asian sales Sales** Outperf. +10pts +22% Korea Production*** -9% Outperf. +31pts Outperf. +31pts OEM 51% of Asian sales Sales** +20% China Production*** +11% OEM 4% of Asian sales sales* * Outperf. +9pts +33% India Production*** +9% Outperf. +24pts *Asia including Middle East and Oceania **Valeo OEM sales by destination ***LMC estimates – light vehicle production October 20, 2016 I 11

Balanced geographic positioning OEM sales by production region Eastern Eastern Europe & Europe & Africa Africa 15% 16% Western Western Asia excl. Asia excl. Europe Europe Asia excl. Europe China 35% China 35% 13% 54% in Asia 53% in Asia 13% & emerging & emerging countries countries China China 13% 13% US SA US SA 11% 1% 12% 2% Mexico Mexico 11% 10% 2015 YTD end-September 2016 October 20, 2016 I 12

Balanced customer portfolio % of OEM sales Other Other 6% 6% French* French* 15% 15% German German 31% 30% American American 22% 24% Asian** Asian** A sian** Asian** 26% 25% 29% 26% 2015 YTD end-September 2016 * Excluding Nissan ** Including Nissan October 20, 2016 I 13

Sustained Q3 growth in the 4 Business Groups CDA VIS 20% 28% Group €12.1bn OEM sales growth PTS YTD sales 24% (like-for-like) growth THS 28% H1 Q3 YTD (year-on-year) Performance % YTD 2016 sales � CDA* +24% +16% +12% +15% � � Powertrain Powertrain +6% +6% +8% +8% +11% +11% +9% +9% � Thermal +12% +9% +10% +9% � Visibility +11% +14% +16% +15% � Group +13% +12% +12% +12% * Comfort & Driving Assistance October 20, 2016 I 14

2016 outlook 2016 outlook October 20, 2016 I 15

2016 outlook Based on a revision from 2.5% to 3% of the growth forecast for global automotive production in 2016: We are raising our full-year 2016 target operating margin to around - 8% (as a percentage of sales), despite the increase in net R&D expenditure to fuel the Group's future growth, and are also confirming our objective of achieving strong sales growth, outperforming the our objective of achieving strong sales growth, outperforming the market in the main production regions, including China. October 20, 2016 I 16

Contact Investor Relations Thierry Lacorre 43, rue Bayen F-75848 Paris Cedex 17 France Tel.: +33 (0) 1.40.55.37.93 E-mail: thierry.lacorre@valeo.com Website: www.valeo.com October 20, 2016 I 17

Share Information Share Data � Bloomberg Ticker FR FP � Reuters Ticker VLOF.PA � ISIN Number FR 0013176526 � Shares outstanding as of September 30, 2016 238,387,620 ADR Data � Ticker/trading symbol VLEEY � CUSIP Number 919134304 � Exchange OTC � Ratio (ADR: ord) 1:2 � Depositary Bank J.P. Morgan � Contact at J.P. Morgan – ADR Jim Reeves broker relationship desk +1 212-622-2710 October 20, 2016 I 18

Back-up October 20, 2016 I 19