SLIDE 1
IAA Conference September 12, 2007
1
September 12, 2007
IAA Conference September 12, 2007
2
Press Conference IAA 2007 Thierry Morin Thierry Morin Chairman - - PowerPoint PPT Presentation
Press Conference IAA 2007 Thierry Morin Thierry Morin Chairman - - PowerPoint PPT Presentation
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
SLIDE 2
SLIDE 3
IAA Conference September 12, 2007
3
Production of Vehicles
Number of Vehicles Number of Vehicles
Source: J.D. Powers
62.1 63.6 66.1 68.0 70.8 74.2 76.9 80.0 82.4 84.8 87.3 Total in Mio
Year Year
W.Europe China Japan E.Europe S.America N.America
2 000 000 4 000 000 6 000 000 8 000 000 10 000 000 12 000 000 14 000 000 16 000 000 18 000 000 2 004 2 005 2 006 2 007 2 008 2 009 2 010 2 011 2 012 2 013 2 014
SLIDE 4
IAA Conference September 12, 2007
4
Climate Change: CO2 Emissions
CO2 (ppm) in atmosphere CO2 (ppm) in atmosphere
1000 1200 1400 1600 1800 2000 200 300 400 500
Year Year
600
Source: Intergovernmental Panel on Climate Change
SLIDE 5
IAA Conference September 12, 2007
5
CO2 Emissions: Breakdown
Total transportation sector: 24 % of WW CO2 emission Total transportation sector: 24 % of WW CO2 emission
ENERGY; 45% ENERGY; 45% INDUSTRY; 18% INDUSTRY; 18% RESIDENTIAL; 8% RESIDENTIAL; 8% Others; 5% Others; 5% Other; 1% Other; 1% AIR; 3% AIR; 3% SHIP; 2% SHIP; 2% ROAD; 18% ROAD; 18%
Source: International Energy Agency
SLIDE 6
IAA Conference September 12, 2007
6
Europe: 120g CO2/km by 2012 95g CO2/km by 2020
European Commission
- Jan. 10, 2007
Europe: 120g CO2/km by 2012 95g CO2/km by 2020
European Commission
- Jan. 10, 2007
USA: 35 MPG by 2020
Senate Bill June 21, 07
USA: 35 MPG by 2020
Senate Bill June 21, 07
Japan: 16,8 km/l by 2015
Council for transport Policy February 2007
Japan: 16,8 km/l by 2015
Council for transport Policy February 2007
CO2 Regulation
SLIDE 7
IAA Conference September 12, 2007
7
Accident Statistics
More than 100 people do not come back home everyday More than 100 people do not come back home everyday Road safety evolution in EU Road safety evolution in EU
July 2006 Source EU Commission
SLIDE 8
IAA Conference September 12, 2007
8
Government Safety Goals
Japan: 50% reduction in road fatalities by 2013 Australia: 40% reduction in road fatalities by 2010 USA: 33% reduction in road crashes by 2008 Europe: 50% reduction in road fatalities by 2010 Japan: 50% reduction in road fatalities by 2013 Australia: 40% reduction in road fatalities by 2010 USA: 33% reduction in road crashes by 2008 Europe: 50% reduction in road fatalities by 2010
Governments are reacting Governments are reacting
SLIDE 9
Valeo Answers
SLIDE 10
IAA Conference September 12, 2007
10
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.
SLIDE 11
IAA Conference September 12, 2007
11
SLIDE 12
IAA Conference September 12, 2007
12
40% less CO2 Emissions Possible
SLIDE 13
IAA Conference September 12, 2007
13
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
SLIDE 14
IAA Conference September 12, 2007
14
Growth by Domain
780
Total Powertrain Efficiency Driving Assistance Comfort Enhancement
600 1 000 2 380
2005 2010
950 1 480 1 950 4 380
Max content per vehicle (in euros)
SLIDE 15
Valeo Strategy
SLIDE 16
IAA Conference September 12, 2007
16
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
SLIDE 17
IAA Conference September 12, 2007
17
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