H1 2016 RESULTS 27th July 2016 DISCLAIMER

This presentation does not constitute an offer to sell, or a solicitation of an offer to buy, 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 Autorité des Marchés Financiers (AMF). These statements do not reflect future performance of the Company, which may materially differ.

The Company does not undertake to provide updates of these statements.

More comprehensive information about PSA Group may be obtained on the Group website (www.groupe- psa.com), under Regulated Information.

2 EXPRESS INDIVIDUAL TALENT COMPETITIVE BUSINESS & COLLECTIVE TALENT MANAGEMENT SPIRIT SENSE

MINDSET CHANGE SUSTAINABLE PERFORMANCE – A RECORD PERFORMANCE

Reach an average 4% automotive Recurring Operating Deliver 10% Group Revenue growth by 2018* vs 2015, Margin in 2016-2018, and target 6% by 2021 and target additional 15% by 2021*

AUTOMOTIVE RECURRING OPERATING MARGIN GROUP REVENUE GROWTH PER ANNUM

6.8% 6% +4.4% 4% +3.2% +2.4%*

1.0% +0.8%

AVG 2001-2015 HY 2016 AVG 2016-2018 2021 AVG 2001-2015 HY 2016 AVG 2016-2018 AVG 2019-2021 Actual figures Push to pass Actual figures Push to pass *at constant (2015) exchange rates 4 FINANCIAL RESULTS Jean-Baptiste de Chatillon CFO and member of the Managing Board

FINANCIAL RESULTS – NET INCOME, GROUP SHARE, x 2

In million Euros HY 2015 * HY 2016 Change Revenue 28,036 27,779 (257) Recurring Operating Income 1,384 1,830 446 % of revenue 4.9% 6.6% Non–recurring operating income and (expenses) (343) (207) 136 Operating income 1,041 1,623 582 Net financial income (expenses) (334) (150) 184 Income taxes (320) (310) 10 Share in net earnings of companies at equity** 233 149 (84) Net result from operations to be continued in partnership** 100 71 (29) Consolidated net income / (loss) 720 1,383 663 Net income, Group Share 571 1,212 641

* restated according to IFRS5 (Faurecia Exteriors division) 6 ** see appendices GROUP REVENUE : +2.4% AT CONSTANT EXCHANGE RATES

In million Euros

Group* Automotive Division Faurecia At constant +2.4% +2.5% +2.9% Exchange Rates***

28,036 27,779 19,409 19,190 9,532 9,489 -0.9% -1.1% 10,603+ 0.5%

HY 2015** HY 2016 HY 2015** HY 2016 HY 2015** HY 2016

* Breakdown in appendices ** Restated according to IFRS5 (Faurecia Exteriors division) 7 ***At constant (2015) exchange rates

CONSOLIDATED WORLDWIDE SALES : FOCUS ON PROFITABLE SALES

In thousands of units

-0.2% +7.4% -19.4% -13.3% +16.4% -0.1% -19.5%

1,547 1,544

HY 2015

HY 2016 1,056 984

368 297 101 87 76 89 5 5 13 10 Volumes* Total Consolidated Europe China & SE Asia Middle East & Africa Latin America Eurasia India & Pacific Worldwide Sales

* Assembled vehicles and CKDs 8 AUTOMOTIVE REVENUE ANALYSIS

In million Euros

Volumes & Product Sales to FX Price Others* Country Mix Mix partners

+4.1% -3.7% +2.1% -0.9% -1.6% -1.1%

19,409 19,190

variation: -1.1%

HY 2015 HY 2016

* accounting treatment of buy back commitment, short term rental 9 GROUP RECURRING OPERATING INCOME & MARGIN

In million Euros

Group** Automotive Division Faurecia

6.6% Margin 6.8% Margin

4.9% 5.1% Margin 5.0% Margin 1,830 Margin 1,303 4.0% Margin +32% +34% 490 1,384 975 10,603 384 +28%

HY 2015* HY 2016 HY 2015 HY 2016 HY 2015* HY 2016

* Restated according to IFRS5 (Faurecia Exteriors division) 10 ** Breakdown in appendices AUTOMOTIVE RECURRING OPERATING INCOME ANALYSIS

In million Euros

Market Price Forex Product Share/ Production & SG&A R&D* Market Input & Product Others & Other Mix Country Procurement* Expenses Demand Costs* Enrichment +1,303 Mix

+975

+256 +90 (315) (28) (40) (129) +431 +183 (21) (99)

HY 2015 HY 2016 Operating Environment Performance +31 +297

11 * IAS 36 on Automotive Division impact: -€39m in 2016, registered on production & procurement, R&D and input costs BANQUE PSA FINANCE

In million Euros

Recurring Penetration Rate Cost of risk* Operating Income 100% basis

294 297 29.3% 28.3% 0.25%

+1.0% 0.15% +1 pt 10,603- 0.1 pt

HY 2015 HY 2016 HY 2015 HY 2016 HY 2015 HY 2016

* In % average loans 12 FAURECIA

In million Euros

Revenue Recurring Operating Free Cash Flow Income

5.1% Margin 9,532 4.0% +0.5% margin 9,489 490 212 384 +28% 169 +25%

HY 2015* HY 2016 HY 2015* HY 2016 HY 2015* HY 2016

Net Financial Position**: (1,067) M€

* restated according to IFRS5 (Faurecia Exteriors division) 13 ** End June 2016 CASH FLOW ANALYSIS*

In million Euros

Net Free Cash Flow : 1,846 Net Financial Financial Position Change in working capital: +389 Position +5,972 o/w Faurecia +4,560 (1,067) o/w Faurecia (1,026) Faurecia Auto

Auto Faurecia

3,112 (314) (610) (170) +1,030 +139 (1,560) +219 (434)

Cash Others** Restruct. Inventories Trade Trade Other Capex BPF Flow Receivables Payables Change & Capitalised Dividends in WCR R&D

o/w Faurecia (442)

Auto End June End 2015 2016

* Manufacturing and sales companies 14 ** Including translation differences (€155M), dividends to Faurecia minority interests (€81M) and operations held for sale (€79M) RIGHTSIZED INVENTORIES

In thousands of new vehicles*

391 399

148 139

243 260

End June End June 2015 2016

Independent dealership Group inventory inventory

* World figures excluding China 15 FIT TO FACE BREXIT Production cost savings in Europe 2015 Break-even Point at 1.6 M cars* Over 2015 – 2018, including Euro6

 €1bn reduction in fixed costs over €700/veh. 2014 & 2015 On track  Sustainable production cost savings €211/veh.  Pricing power as an asset 2015 Cum. 2015-2018

Wages to revenue ratio Automotive division** FIT FOR THE FUTURE 2015 Forecast 2016 Bench OEM's  Continue rightsizing fixed costs  Reduction of production

11.0% costs on track c.11.6%  Industrial flexibility

12.0%

* Automotive division, based on Recurring Operating Income and excluding China ** Automotive division excluding own network 16 OUTLOOK

2016 Market Outlook Operational Outlook

EUROPE CHINA Reach an average 4% Automotive Recurring Operating Margin +4% +8% in 2016-2018, and target 6% by 2021

Deliver 10% Group Revenue growth LATIN AMERICA RUSSIA by 2018* vs 2015, and target additional -12% -15% 15% by 2021*

*at constant (2015) exchange rates

17 PUSH TO PASS HIGHLIGHTS Carlos Tavares Chairman of the Managing Board

A COMPETITIVE TEAM TO CHALLENGE BENCHMARKS

A DEEP CHANGE IN MINDSET

Promote a COMPETITIVE & CROSS-FUNCTIONAL ATTITUDE

People empowered to EXPRESS INDIVIDUAL & COLLECTIVE TALENT

BUSINESS SENSE in everything we do

TALENT MANAGEMENT based on merit

Cumulated Free Cash Flow* since end 2013 In billion Euros €1.8 Bn Free Cash Flow* in HY 2016

* Manufacturing & Sales Companies 19 ACCELERATE THE DIGITAL TRANSFORMATION

Customer Connected Company MyPeugeot MyDS AppMyCitroen App App # Understanding & Engaging with Customers & Users MyPeugeot App & MyCitroen App

Smarter Company

# Digital Tools & Process

# Digital-Ready Employee Program

20 PSA GROUP 2021 FROM TURNAROUND TO PROFITABLE SUSTAINABLE GROWTH A CUSTOMER DRIVEN TRANSFORMATION

A GREAT CAR MAKER A MOBILITY PROVIDER With cutting edge efficiency For a lifetime customer relationship

DIGITAL BOOSTER

A COMPETITIVE TEAM TO CHALLENGE BENCHMARKS A GREAT CAR MAKER

CUTTING EDGE EFFICIENCY

CORE MODEL QUALITY BRAND CORE NEW & TECHNO FIRST POWER EFFICIENCY FRONTIERS STRATEGY

22 QUALITY FIRST – UNCOMPROMISING ATTITUDE HARSH DISCIPLINE STRONG KNOW-HOW TARGETING BENCHMARK Push to Pass Roadmap P 2013 2014 2015 2016 2018 20210 R O -4 D -11 U 2015 & 2016 * -16 C th -20 T 4 -23 In China S Industrial Right-First Time-Through** vs benchmark

Push to Pass Roadmap S e.g. China: E 2013 2014 2015 2016 2018 2021 R * * st rd -5 V 1 3 I -15 C -19 -21 E -23 S *** Aftersales customer recommendation vs benchmark

* In 2015 in China – source : ** Source : internal wordlwide average in points vs benchmark 23 *** Source : internal customers feedbacks (Peugeot, , DS) in points vs benchmark

CORE MODEL STRATEGY ROLLING OUT … 8 PRODUCTS LAUNCHED IN 2016

Citroën Jumpy H1 Peugeot Expert H1 H2 Citroën C3 H2

Global Core models

Citroën e-Mehari H1 DS 4S H1 Citroën C6 H2 H2

21 regional launches*

Europe 1 1 1 1 1 China 1 1 1 1 Other Regions* 3 3 4 2

* Products launched in 2016, deployed in regions over 2016 & 2017 24 CORE MODEL STRATEGY ROLLING OUT … 2016 MID-LIFE EVENTS

H1 H1 H2

Citroën C3 Aircross Citroën C4 Picasso Peugeot 3008 China

Peugeot 2008 H1 DS 3 H1 Citroën C4L H2

Europe 1 1 1 China 1 1 1 1 Other Regions* 4 1 4 4 2

* Mid-life launched in 2016, deployed in regions from 2016 onward 25 CORE MODEL & TECHNO STRATEGY - RICH & SHARP TECHNO STRATEGY Best in class petrol (3 cyl.) 2015 & 2016

State of the Art Peugeot 308 Citroën C4 Picasso Emission Control Euro6 Diesel 100% SCR

Alternative powertrain 7 PHEV Citroën Jumpy Peugeot Expert from 2019 to 2021 60 km range EMP2

e-AWD From 2019

Peugeot 3008 ADAS & Connectivity Rolling out

26 CORE MODEL & TECHNO STRATEGY - RICH & SHARP TECHNO STRATEGY

Best in class SUV (3 cyl.) 2015 & 2016

State of the Art CMP Emission Control SEDAN Euro6 Diesel 100% SCR

e-CMP 4 BEV from 2019 to 2021 HATCH 450 km range

ADAS & Connectivity Rolling out from 2019

27 New i-Cockpit

Peugeot 3008

Actual Target 2015 2016* HY 2016 2021 0.5%

-0.3% Ahead of Target -2.4% -2.3% Pricing Power Europe vs Benchmark * Initial roadmap 28 CITROËN – THE PEOPLE MINDED BRAND

Pricing power on track Product momentum starts now

2015 2016* ACTUAL TARGET HY 2016 2021 +5.4% +3.5% +3.5% +3.0%

Pricing power Europe vs Benchmark

Citroën C3 29 * Initial roadmap DS – FRENCH AVANT-GARDE LUXURY EXPERIENCE DS 3 + 10 DS Store / DS Salon in Europe DS 4 in H1.2016

BRAND STRATEGY ROLLING OUT ACTUAL TARGET 2015 2016* HY 2016 2021 DS 5 -3.0% -4.1%

-6.9% -7.9% Ahead of Target European Range 30 Pricing Power Europe vs Benchmark * Initial roadmap EUROPE – STRONG PERFORMANCE – PRODUCT BLITZ STARTS NOW!

1,056

11.6% 984 11.3%

Consolidated Sales ('000) Market Share*** HY 2015 HY 2016 Citroën Jumpy

Automotive ROI and Pricing Power Up *  Product blitz starts now! Strengths confirmed nd  2 in market share  New performance agreement  LCV Leadership 19.3% market share signed with French Unions **  CO2 Leadership 102.3 g/km

* 2016 H1 vs 2015 H1 ** Cumulated end May 2016 – Europe 30 31 *** Europe 30 CHINA & SE ASIA – CAPSA BREAK-EVEN & DPCA NEW MID TERM PLAN

368 297 2.9% 2.2%

Consolidated Sales ('000) Market Share * HY 2015 HY 2016 Citroën C3XR

CAPSA – start-up mindset DPCA « 5A+ » Targets :  Pricing power up  BRAND POWER - Quality : Top 3 by 2018  Break-even** 3 years after kick-off & n°1 by 2020 DPCA – rebuilding a new business model  EFFICIENCY : 30% productivity by 2020  DPCA Margin 5.7%**  GROWTH : towards higher profit pools  New mid term plan « 5A+ » with 4 SUV launches over 2017-2018

* China and South East Asia 32 ** H1 2016 – based on Recurring Operating Income LATIN AMERICA – PROFITABLE GROWTH IN H1 2016

New Flex, Brazil Energy emission leader 89 76 3.9% 3.4%

Consolidated Sales ('000) Market Share**

HY 2015 HY 2016

SOUND SITUATION NEW FRONTIERS  Automotive ROI up*  Sales outside Mercosur up +17%  Fixed costs down -29%*  Andin corridor development on track  Market share & volumes up  Midsized van to be locally produced from 2017

Peugeot 208

* 2016 H1 vs 2015 H1 33 ** G4 : Argentina, Brazil, Chile, Mexico EURASIA – CLOSE TO BREAK-EVEN & PREPARING FOR REBOUND

5 5 0.8% 0.8%

Consolidated Sales ('000) Market Share** HY 2015 HY 2016 Citroën C4L

SOUND SITUATION TACKLING NEW FRONTIERS  Automotive ROI up*  Leasing business  Fixed costs down*  LCV business  Pricing power up  Midsized van to be locally produced from 2018

* 2016 H1 vs 2015 H1 34 ** G4 : Russia, Ukraine, Belarus, Kazakhstan MIDDLE EAST & AFRICA – 3 BRANDS IN IRAN

ROLLING OUT ON TRACK 101 87  Automotive ROI up* 3.3%  DS distributed in Iran 3.2%  Peugeot joint-venture with Iran Khodro  Citroën joint-venture with SAIPA Consolidated Sales ('000) Market Share** HY 2015 HY 2016

* 2016 H1 vs 2015 H1 35 ** 60 countries, including : Algeria, Iran, Israel, Morocco, Tunisia, Turkey, South Africa, INDIA PACIFIC – FOCUS ON PROFITABLE GROWTH

13 10 0.2% 0.2%

Consolidated Sales ('000) Market Share** HY 2015 HY 2016 Citroën C4 Cactus

Contrasted performance  Introduction of Diesel offers  Automotive ROI up* in Japan in July 2016  Good momentum in Japan… Vol. +25%  Australia preparing for up market strategy  Launch of Citroën C4 Cactus in Korea in Q3

* H1 2016 vs H1 2015 36 ** including : Australia, Japan & South Korea

LIGHT COMMERCIAL VEHICLE – TACKLING NEW FRONTIERS

Citroën Jumpy Peugeot Expert

Volumes & profit up NEW FRONTIERS ON TRACK Leadership in Europe 19.3% market share  Leverage LCV strength in Latin America  Compact Van : leader & segment share up from 2017 & Eurasia from 2018  Midsize Van : 2 launches  Large Van : 3rd & segment share up

37 PSA GROUP 2021 FROM TURNAROUND TO PROFITABLE SUSTAINABLE GROWTH: A CUSTOMER DRIVEN TRANSFORMATION

A GREAT CAR MAKER A MOBILITY PROVIDER With cutting edge efficiency For a lifetime customer relationship

DIGITAL BOOSTER

A COMPETITIVE TEAM TO CHALLENGE BENCHMARKS A GREATA MOBILITY CAR PROVIDER MAKER FOR A LIFETIME CUSTOMER RELATIONSHIP

CONNECTED NORTH HASSLE USED CARS AND AMERICA CUSTOMER MULTI-BRAND FREE NEW MOBILITY 10 YEAR INSIDE AFTERMARKET MOBILITY CUSTOMERS SERVICES PROJECT

ENLARGE OUR CUSTOMER BASE 39 HASSLE FREE MOBILITY

 Insurance penetration rate +20pts* in 2 years

 Full set of innovative insurance solutions under development

Telematic “Pay How you Drive” in UK  Commercial success : Peugeot 108 segment share podium  New & younger customers for Citroën C1 : from 41 to 26 average age  Full digital solution : Data in real time through Telematic Box, scorecard on customer page

* Insurance penetration rate on financing contracts 40 AFTERMARKET STRATEGY TO ENLARGE CUSTOMER BASE CUSTOMER NEEDS CHANNELS

Authorized Independent repairers, incl. E-commerce Repairers

Reinsurance PSA Original Parts

Eurorepar Parts 95% Smart Buy Aftermarket (IAM) Parts coverage*

Best Cost Bölk Parts

GEOGRAPHIC COVERAGE Euro Repar Car Service repairers Mister Auto markets

20 2,100 2,300 3,000 10,000 5 13

2015 HY 2016 2016 2021 2015 HY 2016 2021 * Park Coverage target per country after implementation 41 of the Eurorepar & aftermarket (IAM) offer CONNECTED VEHICLE AND MOBILITY SOLUTIONS

Mobility Connected Data & Fleet Management Aftersales Analytics

I want easy and safe I am free to be a user I optimize my car budget I like my Brand travels

Connect Fleet B2C Car-Sharing / Rental B2C Car-Sharing Management / Leads Smarter Cities Peer-to-Peer B2B Car-Sharing

In-house Soon : INTERPARC CONNECT 250 EVs France + 5 countries MANAGEMENT + 15 pts in loyalty*

Shareholding Bordeaux & Lyon

B2B Car sharing

Partnerships 3 cities + 2 in progress Citroën cars High satisfaction €300 M REVENUES BY 2021 * in France – vs average loyalty rate without connected leads 42 CONCLUSION

FOCUS ON EXECUTION » PERFORMANCE MATTERS MORE THAN SIZE » GROWTH AS A REWARD OF A JOB WELL DONE Q&A

APPENDICES

CONSOLIDATED WORLDWIDE SALES

Units* HY 2015 HY 2016 Change Peugeot 557,187 601,313 +7.9% Europe** Citroën 385,703 413,620 +7.2% DS 40,654 40,942 +0.7% Total PSA 983,544 1,055,875 +7.4% ,512 162,593 -21.6% China & South East Asia Citroën 149,784 125,174 -16.4% DS 10,774 8,740 -18.9% Total PSA 368,070 296,507 -19.4% Peugeot 46,985 59,351 +26.3% Latin America Citroën 28,635 28,994 +1.3% DS 659 446 -32.3% Total PSA 76,279 88,791 +16.4% Peugeot 2,816 2,713 -3.7% Eurasia Citroën 2,299 2,390 +4.0% DS 41 50 +22.0% Total PSA 5,156 5,153 -0.1% Peugeot 10,438 7,983 -23.5% India-Pacific Citroën 2,022 1,670 -17.4% DS 524 805 +53.6% Total PSA 12,984 10,458 -19.5% Peugeot 61,700 57,382 -7.0% Middle East & Africa Citroën 38,360 29,115 -24.1% DS 796 923 +16.0% Total PSA 100,856 87,420 -13.3% Peugeot 886,638 891,335 +0.5% Total Consolidated Worldwide Sales Citroën 606,803 600,963 -1.0% DS 53,448 51,906 -2.9% Total PSA 1,546,889 1,544,204 -0.2%

* Assembled vehicles and CKDs 46 ** Europe = EU + EFTA + Albania + Croatia + Kosovo + Macedonia + Serbia

HY 2015 RESTATEMENT - FAURECIA AUTOMOTIVE EXTERIORS DIVESTMENT

Faurecia HY 2015 HY 2015 Automotive In million Euros presented in July presented in July Exteriors IFRS5 2015 2016 impacts Group Revenue 28,904 (868) 28,036 Group Recurring Operating Income 1,424 (40) 1,384 Consolidated Net Income 720 - 720

Free Cash Flow* 2,792 (74) 2,718

* Manufacturing and Sales companies 47 GROUP REVENUE BY DIVISION

In million Euros HY 2015* HY 2016 Change

Automotive 19,409 19,190 (219)

Faurecia 9,489 9,532 43

Other businesses and eliminations** (862) (943) (81)

Group Revenue 28,036 27,779 (257)

* restated according to IFRS5 (Faurecia Exteriors division) ** Including remaining activities of Banque PSA Finance 48 GROUP RECURRING OPERATING INCOME BY DIVISION

In million Euros HY 2015* HY 2016 Change

Automotive 975 1,303 328

Faurecia 384 490 106

Other businesses and eliminations** 25 37 12

Group Recurring Operating Income 1,384 1,830 446

* restated according to IFRS5 (Faurecia Exteriors division) ** Including remaining activities of Banque PSA Finance 49 BANQUE PSA FINANCE

In million Euros HY 2015* HY 2016* Change

Revenue 838 737 -101

Net banking revenue 534 537 +3

Cost of risk (in % of average loans) 0.25% 0.15% -0.1pt

Recurring Operating Income 294 297 +3

Penetration rate 28.3% 29.3% +1.0pt

Number of new contracts (lease and financing) 368,126 400,338 +32,212

* 100% basis 50 FAURECIA

In million Euros HY 2015 * HY 2016 Change

Revenue 9,489 9,532 +43

Recurring Operating Income 384 490 +106

% of revenue 4.0% 5.1%

Consolidated net income 253 284 +31

Free Cash Flow 169 212 +43

Net Financial Position (End 2015) (1,026) (1,067) -41

* restated according to IFRS5 (Faurecia Exteriors division) 51 PARTNERSHIPS

In million Euros HY 2015* HY 2016 Change

50% Automotive Chinese JVs 178 88 -90

50% Chinese Financial JV 8 7 -1

50% Banque PSA Finance JVs 51 80 +29

Other (4) (26) -22

Share in net earnings of companies at equity 233 149 -84

100% Banque PSA Finance businesses to be continued in partnership 60 24 -36

Faurecia Automotive Exteriors 40 47 +7

Net result from operations held for sale or to be continued in partnership 100 71 -29

* restated according to IFRS5 (Faurecia Exteriors division) 52 FINANCIAL SECURITY

31 December 30 June In million Euros Change 2015 2016

Cash and Cash Equivalents 10,465 11,056 +591

Financial Investments 352 185 -167

Current & non current financial assets 535 953 +418

TOTAL Cash & Financial assets 11,352 12,194 +842

Lines of Credit (undrawn) – excluding Faurecia 3,000 3,000 -

Lines of Credit (undrawn) – Faurecia 1,200 1,200 -

TOTAL Financial Security 15,552 16,394 +842

53 DEBT MATURITY PROFILE – PRIORITY TO REDUCE FINANCING COSTS

Gross debt* in nominal value - End June 2016 Faurecia: €700M 7 years 3.625% bond issue successfully priced In million Euros on March 16, 2016

Faurecia: €490M December 2016 bond fully redeemed on April 12, 2016

73 700 27 PSA Group: €500M 7 years 2,375% bond 91 issue successfully priced on April 8, 2016 10 841

734 742 600 PSA Group: €496M tendered on bonds 558 495 529 2017, 2018 and 2019 redeemed 145 on June 22, 2016 H2 2016 2017 2018 2019 2020-22 2023 2033 Faurecia Others * Excluding BPF, undrawn credit-line, short term liabilities & other adjustments 54