focus on co2 emission reduction as sustainable growth … · 80% of valeo portfolio linked to co2...

October 1, 2010

Jacques Aschenbroich – CEO

Focus on CO2 emission reductionas sustainable growth strategy

October 1, 2010 I 2 II© Valeo 2010 MondialMondial Press ConferencePress Conference

Increasing role of the suppliers in innovation

Distribution of R&D expenses in the automotive industry

80

90

100

110

120

130

140

150

160

170

2004 2005 2006 2007 2008

base

poi

nts

- 100

in 2

004

OEMsSuppliers

160

107

Valeo fully committed in this trendValeo fully committed in this trend


80% of Valeo portfolio linked to CO2 emissions reduction

Engine optimizing & Downsizing

Hybrid vehicles

Electric vehicles

Lower consumption & weight reduction across product range

Maintain R&D investments to meet consumer & citizen

demand

Maintain R&D investments to meet consumer & citizen

demand


A diversified costumer basisIn % of OE sales

Asian**

19%American16%

German29%

French*

26%

Asian**

21%American

18%

German27%

French*

24%

H1-09 H1-10* Excluding Nissan** Including Nissan


Record order intake at €6.5 billion At a margin level in line with long term Group objectives

Order intake(Order Intake / OE Sales)

* Excluding Nissan ** Including Nissan

2007 2008 2009 H1-10

1.29x 1.45x1.52x

1.64xAsian**

18%American

23%

German31%

French*

24%


Better than expected 2010 market forecasts

+12%+12%South America

+19%+16%Worldwide

+30%

+18%

+6%

previous

+34%

+22%

+10%

revised

Asia (& others)

North America

Europe (& Africa)

(change YoY)Full year

Valeo outperforming its main markets


* At same perimeter & exchange rates ** JD Power estimates

+31%*Europe

+59%*Asia

+19%*South America

+86%*North America

Production +72%**

World H1-10

Valeo* +40%

Production +39%

Production +23%**

Production +43%**

Production +17%**

61% of sales

19% of sales

8% of sales

12% of sales

Outperforming the market in each region OE sales


Outperforming the market in each countryAsian OE sales

+59%*Asia

Production +43%**

19% of sales +49%*Japan

Production +47%**

32% of sales

+55%*Korea

Production +37%**

19% of sales

+89%*India

Production +36%**

4% of sales

+72%*China

Production +47%**

40% of sales

* At same perimeter & exchange rates ** JD Power estimates


Enhanced exposure to emerging markets, esp. AsiaIn % of OE sales

Asia &Others

16%North America

9%

South America

8%

Europe & Africa

67%

Asia & Others

19%NorthAmerica

12%

South America

8%

Europe & Africa

61%

H1-09 H1-10

More than 60% of Capex in emerging marketsMore than 60% of Capex in emerging markets


0

1000

2000

3000

4000

5000

6000

H1-08 H2-08 H1-09 H2-09 H1-100.11

0.12

0.13

0.14

0.15

0.16

0.17

0.18

0.19

0.2

Highest operating margin recorded in the last 10 years With sales close to pre-crisis level

-100

-50

0

50

100

150

200

250

300

350

H1-08 H2-08 H1-09 H2-09 H1-10

-2

-1

0

1

2

3

4

5

6

7

Operating margin(in € million & as % of sales)

203

27

(51)

0.7%

4.6%

-1.5%

4.2%

6.1%

3,8293,472

4,027

Sales(in € million)

4,848 4,787

184

292

Significant margin improvement further to

break-even point reduction


Confidence in sustainability of current financial performance in normal market conditions

> +20pt≥ 30%25%*7.1%ROCE**

+1.154.7*3.9Capital turnover

1.8%

€7.5 bn

2009

+ 4-5pt6-7%6.1%Operating margin

H1-10 2013 ∆2013/2009

Total sales €4.8 bn €10 bn +33%

* Calculated on a 12 month rolling basis** Ebit / capital employed excluding goodwill

In line with 2013 objectives


Future growth drivers

Strengthened presence in Asia and emerging markets 60% of CAPEX

Focus on CO2 emissions reduction technologies From downsizing and micro-hybrid through to electric vehicleEnergy consumption and weight reductionSmart driving

Martin Haub

Group Vice President R&D and Product Marketing

Technology delivering the Strategy

Mondial Press ConferenceOctober 1, 2010


Focus on CO2 emissions reduction technologiesDownsizing and micro-hybrid

Electric vehicle

Energy consumption and weight reduction

Smart driving

Agenda – Technology delivering the Strategy


Automotive ChallengesCO2 Reduction – Regulations worldwide

g CO2/kmg CO2/km

Source: International Energy Agency

20182004 2006 2008 2010 2012 2014 2016 20202002

260

240

220

200

180

160

140

120

100

80

CO2 Reductions driven by regulations AND enduser expectations

2020202095 g CO95 g CO22/km/km

6,6 l/1006,6 l/100

5 l/1005 l/100

4 l/1004 l/100

Obama Plan

6 l/1006 l/100

6,7 l/1006,7 l/100


Electromagnetic valves

Electronic thermal management

Dual clutch

Stop-Start +Regenerativebraking

StopStop--Start +Start +RegenerativeRegenerativebrakingbraking

OptimizedA/C

2.0 liter Turbo gasoline MPi engine, 145 kW , 120 g CO2/km, flexfuel, lessthan 80 mg NOx/km, cheaper than Diesel

Solutions for CO2 Reduction – Gen1 @ 120 g CO2/km

Watercooledcharge air cooler Cooled EGR, high

compression rate

FlexFuel E85


ISG

DDC

GDI ECU TCUInverter

Solutions for CO2 Reduction – Gen2 We deliver affordable technologies for 95 g CO2/km

Extreme Downsizing+ GDI

+ Down speeding with DDC

+ Mild Hybrid with ISG

+ Advanced Thermal Management

=100 kw

95 g CO2/km(-38% vs base)


Solutions for CO2 Reduction – Gen2 Innovative system components for 95 g CO2/km


Solutions for CO2 ReductionWe deliver complete system solutions – Example:Advanced Thermal Management – Ultimate Cooling


Solutions for CO2 ReductionWe deliver complete system solutions – Example:Advanced Thermal Management – HVAC and BTM


Hybrid Transmissions Torque Limiter Clutch Actuator

Manual Transmissions

LTD Dual Mass Flywheels range

Self‐Adjusting Technology (SAT)

clutch

Automatic Transmissions &

CVT

Compact Torque Converter

Pendulum absorber for Lock‐up damper

LTDLock‐up damper

Dual Clutch Transmissions

Double Clutch module

eClutch and control strategies

Solutions for CO2 ReductionWe deliver complete system solutions – Example:Gearbox Automization and Advanced Torque Transfer

Valeo torque transfer solutions can be adapted

to meet a large variety of hybrid structures


From Stop-Start to Electric Drivetrain: Mass production affordable solutions

Stop & StartRegenerative Braking

Torque AssistancePart Electric Drive

Full Electric Drive

MILDHYBRID

FULL HYBRIDAnd PLUG-INs

StARS, i-StARSMICRO-HYBRID

with Ultracapacitors

MICRO - MILD HYBRID

--12%12%Urban cycle

--6%6%MVEG cycle

--12%12%--15%15% --25%25%

ReStart

ELECTRICDRIVELINE

--100%100%

Solutions for CO2 Reduction – Hybridization We deliver the roadmap - examples

i-StARS in Mass productionStop-Start complete Range

Internal Starter Generatorfor Mild Hybrid defined

Prototypes of Gen 2Driveline



Electric vehicle


Smart driving



Solutions for CO2 Reduction – EV Solutions ShowcarWe and partners deliver complete system solutions

Batteries

e-Motor

Gear reductor

Wiring

Tyres

Powertrain Systems

Thermal Systems

Visibility Systems

Comfort & Driving Assistance Systems

Electric DrivetrainPower Control

Thermal Management• Drivetrain• Battery• Interior

HMIConnectivityDriving Assistance

LightingWipers


Solutions for CO2 Reduction – EV Solutions ShowcarWe deliver affordability - Electric Drivetrain Gen2

Range: 210 km – Fast charge: 50 km range in 20 min


Solutions for CO2 Reduction – EV Solutions ShowcarWe deliver affordability - Electric Drivetrain Gen2

Incentives will not last!

Costs for power electronics and via better efficiency for batteries have to be drastically reduced!

The Stakes

New highly integrated Inverter/Charger, fully compatible with smart grid

Valeo proprietary high Voltage Modules

New highly efficient circuit architecture=Costs – 40%Range + 40%

Valeo Solutions


Solutions for CO2 Reduction – EV Solutions ShowcarWe deliver comfort and range –Advanced Thermal Solutions for Interior and Battery



The Stakes

Operating Range of e-Motor

Needed Electric PowerWith current technology

External Temperatur40°C20°C-20°C

2kW

4kW

6kW

8kW

Winter:5,7 kW

Pow

er

0°C

Summer:2,8 kW

Operating Range of e-Motor

Needed Electric PowerWith current technologyNeeded Electric PowerWith current technology

External Temperatur40°C20°C-20°C

2kW

4kW

6kW

8kW

Winter:5,7 kWWinter:5,7 kW

Pow

er

0°C

Summer:2,8 kWSummer:2,8 kW

At cold temperatures heating needs as much energy as propulsion



Valeo Solutions

New architecture, based on heatpump

New high efficient heat exchangers

New electric driven compressor

Energy consumption for heating reduced by 70%



Electric vehicle


Smart driving



Solutions for CO2 Reduction – EV Solutions ShowcarWe deliver energy consumption and weight reductionExample: Advanced Wiping Solutions - Aquablade®

Brandsignature

Safety Environment StyleCO2

reductionVisibilityVisibility CO2

reductionBrand

signatureHigh performance wiping & cleaning

No visual disturbance during windshield cleaning

Windshield de-frosting

Weight saving

Electrical consumption reduction

Green material & process

Large windshield wiping & cleaning solutions

Car body styling freedom & integration

Distinction by innovation



Minus 30% energy consumption and weight reduction


Highway driving

Night city driving

No visual disturbance under all driving conditions



Solutions for CO2 Reduction – EV Solutions ShowcarWe deliver energy consumption and weight reductionExample: Advanced LED Lighting

0.00

0.50

1.00

1.50

2.00

2.50

Savingsg.CO2/km

Low Beam DRL Front Position High Beam Front Fog Front Turn

0.00

0.20

0.40

0.60

Savingsg.CO2/km

Tail Stop Licence Chmsl Rear Turn Rear Fog Back-up

Total savings for full LED : 3 g CO2/km or 2 % Range

Headlamps

Rearlamps


Solutions for CO2 Reduction – EV Solutions ShowcarWe deliver energy consumption and weight reductionExample: Advanced LED Lighting

LED Headlamps in production and on Concept Cars

Renault ZOE

Nissan Leaf

SEAT IBe



Electric vehicle


Smart driving



Intuitive and ergonomic HMI to handle complex information content

Solutions for CO2 Reduction – EV Solutions ShowcarWe deliver smart driving solutionsHuman Machine Interface HMI and Connectivity

Terminal Mode Connection via USB Smart Phone HMI appears

on vehicle screen Smart Phone can be fully

controlled via vehicle touch screen

Vehicle Touch Screen

Smart Phone


Advanced Security ModuleASM

• GPS• GSM• CAN GSM link

Always connected

Regular key PEPS)

Bi-directional RF link Range ~ 300 m

Bi-directional key

Smart Key

Blue tooth low energy / NFC

Bridge

Smart Key -Smart Phone

Bi-directional RF link Range ~ 300 m


Virtual Key in phone

NFC Phone

NFC Key

NFC readerIn handle

and start-stop unit

Very short range

Scalable and modular connectivity solutions – the key is key!


Special EV Function:Special EV Function:

Check Vehicle Status & AutonomyCheck Vehicle Status & Autonomy

Start Preconditioning in charge modeStart Preconditioning in charge mode


Preconditioning EV in charge mode: Key to reduce energy for interior comfort



Virtual key in PhoneAccess and drive authorization via NFC readers in handle and start-stop button

The NFC smart phone as virtual key for temporary access to the vehicle


Smart phones in continous contact with vehicle


Always Connected via Valeo ASM


Front and rear UPA and Park4U sensors Front and rear integrated cameras Front WiFi camera

UPA sensors

Park4U sensor

Camera

UPA sensors

Park4U sensor

WiFi Camera

Camera

Solutions for CO2 Reduction – EV Solutions ShowcarWe deliver smart driving solutionsDriving Assistance for EV and urban environment


Solutions for CO2 Reduction – EV Solutions ShowcarWe deliver smart driving solutionsDriving Assistance for EV and urban environment

Proven Valeo Sensors and Fusion Algorithms find new applications in EV


Delivering 95 gCO2/km

Visit our booth to see Electric Vehicle Showcar live!

Conclusion

Delivering 210 km range for EV

WeWe deliverdeliver technologies!technologies!WeWe deliverdeliver resultsresults!!

focus on co2 emission reduction as sustainable growth … · 80% of valeo portfolio linked to co2...

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