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Achieving Excellence 2013 European Shareholder Value Awards

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Achieving Excellence 2013 European Shareholder Value Awards Achieving excellence 2013 European Shareholder Value Awards June 2013 On behalf of PwC and Automotive News Europe, we are pleased to announce the winners of the 2013 European Shareholder Value Awards in conjunction with the 16th Annual Automotive News Europe Congress. While the industry wrestles with a volatile global economy and the struggles in the euro zone, automotive companies are redefining the way they go to market. We would like to congratulate a handful of companies who have identified growth opportunities which have delivered returns to their shareholders. The PwC European Automotive Shareholder Value Index (SVI) has become accepted as the standard measure of relative shareholder value in the automotive industry. Much of the SVI’s success lies in its simplicity. It looks at the value of €100 invested in a stock over one- and three-year periods, and compares relative returns generated by different companies and industry segments. The result is an objective and reliable measure of shareholder value for stock market-listed automotive companies. The SVI takes into account rise and falls in a company’s share price, dividends, share buy backs and new share issues. Because it is based on the investment of €100, movements in exchange rates also impact the global index and specific company returns. The SVI represents the average return of each portfolio weighted according to the market capitalization of common constituents. The SVI recognizes the highest total shareholder return for European Vehicle Manufacturers, Parts Suppliers and Retailer over one-year and three-year periods ending 31 March 2013. The European Automotive Shareholder Value Awards are presented annually at the Automotive News Europe Congress. Please welcome us in congratulating the 2013 SVI winners. Felix Kuhnert Jason Stein Jason Wakelam European Automotive Leader Editor UK Automotive PwC Automotive News Europe Transactions Services Leader PwC Composition of the PwC Automotive European Shareholder Value Indices PwC has devised separatePwC AutomotivePwC Automotive SVI Indices SVI verus Indices Global Indices—3v Global year Indices—3 performance Year Performance automotive Shareholder Value Indices (SVIs) 200 for European vehicle manufacturers, European parts suppliers and 150 European retailers. These have been reported in Automotive News Europe 100 on a quarterly basis since January 2001. 50 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 FY10 FY10 FY10 FY10 FY11 FY11 FY11 FY11 FY12 FY12 FY12 FY12 FY13 European OEMs European Retailers European Suppliers Dow Jones S&P500 Source: New information to come “We are honored to congratulate the winning companies on their business success. These returns are impressive, particularly considering the European economic challenges over the past 3 years. Congratulations to all the winners.” 1 —Rick Hanna, Global Automotive Leader, PwC 2013 European Shareholder Value Awards 1 European Vehicle Manufacturers 3–year winner: Volkswagen AG Volkswagen AG PwCPwC Automotive Automotive SVI 3 Year European SVI 3–year OEM Performance European OEM Performance +119.33% 300 250 European automotive shareholder 200 value index for automotive vehicle manufacturers 150 +59.35% 100 Shareholder return (base= 100) Shareholder 50 Despite the uncertainties in the stability of the financial system and euro zone 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 crisis, Volkswagen AG returned value to its FY10 FY10 FY10 FY10 FY11 FY11 FY11 FY11 FY12 FY12 FY12 FY12 FY13 shareholders. Over the past three years, PwC Series Volkswagen VW delivered 119.33% shareholder return versus its peers’ shareholder value index Source: Thomson Reuters, EcoWin of 59.35. Source: Factiva, company websites, press releases, etc. European Vehicle Manufacturers 1–year winner: Renault SA Renault SA PwCPwC Automotive Automotive SVI 1 Year European SVI 1–year OEM Performance European OEM Performance 160 +28.20% 140 European automotive shareholder 120 value index for automotive vehicle 100 manufacturers 80 +8.02% 60 40 Shareholder return (base= 100) Shareholder Despite the market uncertainties, the 20 Renault group was able to reinforce its 0 Q1 FY12 Q2 FY12 Q3 FY12 Q4 FY12 Q1 FY13 global growth strategy and achieve positive shareholder value. PwC Series Porsche In a one year period, Renault SA provided Source: Thomson Reuters, EcoWin a 28.20% shareholder return compared to 8.02% for the overall European Vehicle Manufacturers index. Source: Factiva, company websites, press releases, etc. 2 2013 European Shareholder Value Awards European Parts Supplier 3–year winner: Plastic Omnium Plastic Omnium PwCPwC Automotive Automotive SVI 3 Year European SVI 3–year Supplier Performance European Supplier Performance +336.54% 500 400 European automotive shareholder value index for automotive parts suppliers 300 +81.08% 200 100 Shareholder return (base= 100) Shareholder Over the last year, Plastic Omnium delivered 336.54% in shareholder value return com- 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 pared to 81.08% observed by its peers. FY10 FY10 FY10 FY10 FY11 FY11 FY11 FY11 FY12 FY12 FY12 FY12 FY13 With a development strategy that is focused PwC Series Plastic Ominum on maintaining its technological leadership and strengthening its production base in Source: Thomson Reuters, EcoWin fast-growing countries (with 17 additional plants brought on stream since 2010), Plastic Omnium consolidated its global leadership positions in exterior automotive components and fuel systems. Source: Factiva, company websites, press releases, etc. European Parts Supplier 1–year winner: Montupet SA Montupet PwCPwC Automotive Automotive SVI 1 Year European SVI 1–year Supplier Performance European Supplier Performance +140.18% 300 250 European automotive shareholder value 200 index for automotive parts suppliers 3 +20.04% 150 100 Shareholder return (base= 100) Shareholder 50 Montupet SA is a French-owned aluminum foundry and long been recognised as an 0 industry leader in the manufacture of Q1 FY12 Q2 FY12 Q3 FY12 Q4 FY12 Q1 FY13 complex aluminum components for the PwC Series Montupet automotive industry worldwide. Over the past year, Montupet SA achieved Source: Thomson Reuters, EcoWin shareholder value return of 140.18% compared to its peers delivering 20.04%. Source: Factiva, company websites, press releases, etc. 2013 European Shareholder Value Awards 3 European Automotive Retailers 3–year winner: Lookers PLC Lookers PLC PwCPwC Automotive Automotive SVI 3 Year European SVI 3–year Retailer Performance European Retailers Performance +82.75% 200 European automotive shareholder value 150 index for automotive retailers +52.31% 100 50 Shareholder return (base= 100) Shareholder Over the past three years, Lookers PLC, one of the leading UK-based motor retail and 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 aftersales service groups, has achieved a FY10 FY10 FY10 FY10 FY11 FY11 FY11 FY11 FY12 FY12 FY12 FY12 FY13 82.75% shareholder value return compared PwC Series Lookers with 52.31% among its peer group. Lookers increased profits in difficult market condi- Source: Thomson Reuters, EcoWin tions, benefiting from the diverse business structure of the group with a strong financial performance from both the motor retail business and the group’s independent parts distribution business, which provides a significant contribution to group earnings. Source: Factiva, company websites, press releases, etc. European Automotive Retailers 1–year winner: Pendragon PLC Pendragon PLC PwCPwC Automotive Automotive SVI 1 Year European SVI 1–year Retailers PerfornanceEuropean Retailers Performance +66.50% 200 European automotive shareholder value 150 index for automotive retailers +57.41% 100 50 Over the past year,Pendragon PLC, one of return (base= 100) Shareholder the leading UK-based Automotive Retailer, 0 has achieved a 66.50% shareholder value Q1 FY12 Q2 FY12 Q3 FY12 Q4 FY12 Q1 FY13 return compared with 57.41% among its PwC Series Pendragon peer group. Source: Thomson Reuters, EcoWin Pendragon has enhanced their portfolio and expanded considerably through a series of new builds and acquisitions, and now repre- sent over 20 brands in the UK and the US. Source: Factiva, company websites, press releases, etc. 4 2013 European Shareholder Value Awards Past European Automotive Shareholder Value Award Winners 1 performance 3 performance year year European Automotive 2012 BMW BMW Manufacturers 2011 BMW BMW 2010 Renault Nissan Not Awarded 2009 Not Awarded Not Awarded 2008 Volkswagen AG Volkswagen AG 2007 Fiat S.p.A. Fiat S.p.A. 2006 Fiat S.p.A. Renault S.A. 2005 Renault S.A Renault S.A 2004 Porsche AG Porsche AG 2003 Renault S.A. Porsche AG 2002 Porsche AG PSA Peugeot Citroean S.A. 2001 Peugeot S.A. Peugeot S.A. European Automotive 2012 Leoni AG Plastic Omnium Parts Suppliers 2011 Polytec Group Plastic Omnium 2010 Plastic Omnium Not Awarded 2009 Not Awarded Not Awarded 2008 ElringKlinger AG ElringKlinger AG 2007 Compagnie Generale des ElringKlinger AG Etablissments Michelin 2006 Compagnie Plastic Omnium Continental AG 2005 Continental AG ElringKlinger AG 2004 MGI Coutier ElringKlinger AG 2003 ElringKlinger AG Beru AG 2002 Leoni AG Beru AG 2001 Faurecia Beru AG European Automotive 2012 Lookers Plc Bilia AB Retailers 2011 5 Bilia AB Bilia AB 2010 Bilia AB Not Awarded 2009 Not Awarded Not Awarded 2008 Not Awarded Not Awarded 2007 Lookers Plc Lookers Plc 2006 Pendragon Plc Pendragon Plc 2005 Bilia AB Bilia AB 2004 Pendragon Plc Ichcape Plc 2003 Bilia AB Ryland Group Plc 2002 Ryland Group Plc Inchcape Plc 2001 Styner Reg Vardy Plc 2013 European Shareholder Value Awards 5 About PwC PwC’s global automotive practice leverages its extensive experience in the industry to help companies solve complex business challenges with efficiency and quality. One of PwC’s global automotive practice’s key competitive advantages is Autofacts®, a team of automotive industry specialists dedicated to ongoing analysis of sector trends. Autofacts provides our team of more than 4,800 automotive professionals and our clients with data and analysis to assess implications, make recommendations, and support decisions to compete in the global marketplace.
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