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4% Automotive Recurring Operating Margin in 2016-2018

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H1 2016 RESULTS 27th July 2016 DISCLAIMER This 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 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, Citroën, DS) in points vs benchmark CORE MODEL STRATEGY ROLLING OUT … 8 PRODUCTS LAUNCHED IN 2016 Citroën Jumpy H1 Peugeot Expert H1 Peugeot 3008 H2 Citroën C3 H2 Global Core models Citroën e-Mehari H1 DS 4S H1 Citroën C6 H2 Peugeot 308 sedan 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 engine (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 petrol engine (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*
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