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FY 2017 RESULTS - groupe-psa.com

FY 2017 RESULTS1stMarch 2018 2 DISCLAIMERThis presentation does not constitute an offer to sell, or a solicitation of an offer to buy, PEUGEOT SA ( Company ) shares. 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 registration document filed with the French Autorit des March sFinanciers (AMF). These statements do not reflect future performance of the Company, which may materially Company does not undertake to provide updates of these comprehensive information about GroupePSA may be obtained on the Group website ( ), under Regulated Information.

POWER IS INSIDE 4 IT’S ALL ABOUT PEOPLE AND EXECUTION Results Oriented Concentration - Focus Customer Centric Leadership Drive The Change Cross Functional Teams Ecosystem & Partnership

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Transcription of FY 2017 RESULTS - groupe-psa.com

1 FY 2017 RESULTS1stMarch 2018 2 DISCLAIMERThis presentation does not constitute an offer to sell, or a solicitation of an offer to buy, PEUGEOT SA ( Company ) shares. 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 registration document filed with the French Autorit des March sFinanciers (AMF). These statements do not reflect future performance of the Company, which may materially Company does not undertake to provide updates of these comprehensive information about GroupePSA may be obtained on the Group website ( ), under Regulated Information.

2 * Recurring operating income related to Revenue Free Cash Flow sinceend 2013 Recurring Operating Margin*PCD Automotive DivisionWorldwide Unit Sales**PCD Automotive m+ ** PCD Assembled Vehicles, CKDs and vehicles under license** FCF for Sales & Manufacturing companies [excl. OV]Free Cash Flow**PSA excluding OVOUTSTANDING RESULTS OF PUSH TO PASS IN : Peugeot Citro n DSOV: Opel Vauxhall3 POWER IS INSIDE4IT S ALL ABOUT PEOPLE AND EXECUTIONR esultsOrientedConcentration -FocusCustomer CentricLeadership Drive The ChangeCross FunctionalTeamsEcosystem & PartnershipBusiness LabMERITOCRACYBUSINESS SENSE COMPETITIVE MINDSETT alent ManagementSocial & EnvironmentalResponsibilityOPEL VAUXHALL TAKEOVER 5AN OPPORTUNITY TO BOOST VALUE CREATION5 Group RevenueGroup Recurring Operating Margin*Worldwide Unit Sales** m + + Recurring OperatingMargin*Worldwide Unit Sales**Group RevenueOV ACQUISITIONE fficiencyleverInnovation capabilityStronger homebasewith

3 German and UK brands* Recurring operating income related to Revenue ** Assembled Vehicles, CKDs and vehicles under license ** including OV since August 1st 2017 GROUPE PSA 2016 GROUPE PSA 2017+ m bn**6 OUR VISIONA COMPETITIVE TEAM TO CHALLENGE BENCHMARKSDIGITAL BOOSTERGROUPE PSA 2021 FROM TURNAROUND TO PROFITABLE SUSTAINABLE GROWTH A CUSTOMER DRIVEN TRANSFORMATIONA MOBILITY PROVIDERFor a lifetimecustomerrelationshipA GREAT CAR MAKERW ithcuttingedgeefficiencyPUSH TO PASS TARGETSAUTO PCD RECURRING OPERATING > >6%ActualfiguresPush to PassCUMULATED GROUP REVENUE GROWTH* * versus 2015 at constant exchange rates and perimeter (excluding OV)

4 2016201720182021+25%+10%+ + to PassFINANCIALRESULTSFINANCIAL RESULTS + :NET INCOME GROUP SHARE INCREASE2016 2017 ChangeRevenue54,03065,21011,180 Recurring Operating Income 3,2353,991756% of recurring operating income and (expenses)(624)(904)(280)Operating income2,6113,087476 Net financial income (expenses)(268)(238)30 Income taxes (517)(701)(184)Share in net earnings of companies at equity*12821789 Net result from operationsto be continued in partnership*195(7)(202)Consolidated net income / (loss)2,1492,358209 Net income, Group Share1,7301,9291999In million Euros* see detail in attachments 20162017 GROUP REVENUE10+.

5 REVENUE GROWTH2016201720162017 FaureciaAutomotive DivisionPeugeot Citro n DS2016201754,03065,21018,71020,18237,066 40,735 Automotive DivisionOpel Vauxhall 7,238 NASince August 1stGroup+ + million Euros+ * Excluding Opel Vauxhall Automotive Division revenuesvs 2015 @ constant exchange ratesand perimeter*+ REVENUEPCD AUTOMOTIVE REVENUE ANALYSIS11+ : STRONG PCD AUTOMOTIVE REVENUE GROWTHFXP roductMixPriceSales to Partners*Others2016201737,06640,735 Volume & Country Mix %+ %+ %+ %+ % %In million EurosVariation: + %* Including sales to Opel Vauxhall CONSOLIDATED WORLDWIDE SALES*12+.

6 GROUPE PSA SALES AT 3,63 M UNITS In thousands of units*3,1463,2281,9302,00238359261838718 420620261015 Total ConsolidatedWorldwide Sales *EuropeMiddle-East & AfricaChina & SE AsiaLatinAmericaIndia &PacificEurasiaTotal ConsolidatedWorldwide Sales*EuropeChina & SE AsiaMiddle-East & AfricaLatin AmericaEurasiaIndia& Pacific1653762016 (PCD)2017 (PCD)2017 (OV)SinceAugust 1st %+ %+ % w/o OV+ % with OV+ % w/o OV+ % with OV+ % w/o OV+ % with OV404+ % w/o OV+ % with OV+ % w/o OV+ % with OV* Assembled Vehicles, CKDs and vehicles under license3,6322,37861920162017+ + + RECURRING OPERATING INCOME & MARGIN13+ : GROUP ROI INCREASEIn million Euros and as % of revenue Group*FaureciaAutomotive DivisionPeugeot Citro n DS2,2253,2353,9919701,1702,965 Automotive DivisionOpel ** * Breakdown in attachment ** Group recurring operating margin excluding OV2017 PCD AUTOMOTIVE RECURRING OPERATING INCOME ANALYSIS14+.

7 PCD ROI INCREASEIn million Euros201620172,2252,965 Market DemandInput CostsForex& OtherProductMixPrice& ProductEnrichmentMarket Share Country Mix Production &Procurement*SG&AExpensesR&D*OthersOpera ting Environment: (530)Performance: +1,270+320(44)+904+38+363+9(492)(134)(35 8)+135 Variation: + * IAS 36 on PCD Automotive Division impact: - 96M, registered on production & procurement, R&DBANQUE PSA FINANCE*15+ : ROI INCREASEIn million Operating Income100% basisPenetration RateCost of Risk**+ 22M of OV operations (Nov-Dec 2017) pt+ pt* 100% basis, including OV since November 1st2017 ** In % average loansFAURECIA16+ : STRONG ROI PERFORMANCEIn million Euros and as % of Revenue Revenue *Recurring Operating Income201620172016201718,71020,1821,1709 70+ + * including monolithsGROUP CASH FLOW & NET FINANCIAL POSITION ANALYSIS*+ 1 554 M : POSITIVE OPERATIONAL FREE CASH FLOW+6,813o/w Auto: +7,288 Faurecia.

8 (475) Cash FlowChange in WCRC apex & Capitalised R&DExceptional Capex**RestructuringOther**AutoEnd 2016 Net Financial Position Net Financial Position+5,823o/w OV (336) End 2017In million Euros(436)o/w OV 9(618)o/w OV (12) 8o/w OV (610) (1,119)Operationalfree cash flow(4,277)o/w OV (518)+6,194o/w Auto: +6,840 Faurecia: (646) PSA excl. OVOV* Manufacturing and Sales Companies ** Including OV acquisition net cash out (- 26M), investments in India and Iran (- 176M), Faurecia acquisition of Jiangxi CoagentElectronics (- 192M), BPF capital increase (- 270M) ** Including dividends to Group shareholders (- 431M), dividends to minority interests (- 129M), OV debt consolidation (- 662M), warrants exercised (+ 288M)17 Free cash flow + 500 MIndependent dealership inventory (PCD) Group inventory (PCD)

9 3073199997 End 2016 End 2017416406 INVENTORIESRIGHTSIZED PCD INVENTORIES18135129In thousands of new vehicles*Peugeot Citro n DS inventoriesOpel Vauxhall inventoriesEnd 2016 End 2017135129 Independent dealers inventory (OV) Group inventory (OV)N/A264* World figures excluding China and IranOUTLOOK19 CHINA+2%EUROPE stableLATIN AMERICA+4%RUSSIA+10%2018 Market OutlookOperational Outlook Deliver over Automotive Recurring Operating Margin(1)on average in 2016-2018, and target over 6% by 2021 Deliver 10% Group Revenue growth by 2018vs 2015(2), and target additional 15% by 2021(2)PSA excl.

10 OVOpel VauxhallDeliver 2% Automotive Recurring Operating Margin(1)by 2020, and 6%by 2026. Deliver a positive Operational Free Cash Flow(3)by 2020 MARKET AND OPERATIONAL OUTLOOK(1) Recurring Operating Income related to Revenue (2) At constant (2015) exchange rates and perimeter(3) Defined as ROI + D&A -restructuring -capex -Capitalized R&D - change in WRCPUSH TO PASSHIGHLIGHTS2021A COMPETITIVE TEAM TO CHALLENGE BENCHMARKSDIGITAL BOOSTERGROUPE PSA2021 FROM TURNAROUND TO PROFITABLE SUSTAINABLE GROWTH A CUSTOMER DRIVEN TRANSFORMATIONA MOBILITY PROVIDERFor a lifetimecustomerrelationshipA GREAT CAR MAKERW ithcuttingedgeefficiency22A COMPETITIVE TEAM TO CHALLENGE BENCHMARKSTALENT AND change MANAGEMENTDETERMINEDAGILEINSPIRINGL eadership Drive the changeDEMANDDRIVEAGILITYDAREWIN TOGETHERRESPECTEXPRESS INDIVIDUAL & COLLECTIVE TALENTSSet of values


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