DOCSLIB.ORG

Citroën Jumpy Peugeot Expert 1

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Citroën Jumpy Peugeot Expert 1 FY 2016 RESULTS 23 February 2017 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 Recurring Operating Margin* Worldwide Unit Sales** Free Cash Flow (€bn) Automotive Division (in millions) 2016*** 6% 3.15 + 2.7 For the 3rd year in a row : ROI UP, Volumes UP, Positive FCF Recurring Operating Margin* Worldwide Unit Sales** Cumulated Free Cash Flow (€bn) Automotive Division (in millions) Since end 2013 3.15 2.9 3.0 8.1 2.8 5.0% 6.0% 5.4 1.8 2013 0.2% 2013 2014 2015 2016 ** Assembled2013 Vehicles,2014 CKDs and2015 vehicles under2016 license 2014 2015 2016 * Recurring operating income related to Revenue - Detail in attachment *** FCF-1.0 for Sales & Manufacturing companies -2.8% * Recurring Operating Income related to Revenue ** Assembled Vehicles, CKDs and vehicles under license - Detail in attachment *** FCF for Sales & Manufacturing companies MINDSET CHANGE ROADMAP FOR PROFITABLE GROWTH BUSINESS COMPETITIVE MERITOCRACY SENSE MINDSET 4 SUSTAINABLE PERFORMANCE - OPERATIONAL OUTLOOK IMPROVED AUTOMOTIVE RECURRING OPERATING MARGIN GROUP REVENUE >4.5% 6% +10% +25% average over 2016-2018 by 2021 by 2018** vs 2015 by 2021** vs 2015 Deliver over 4.5% Automotive Recurring Operating Margin* Deliver 10% Group Revenue growth by 2018** vs 2015, on average in 2016-2018, and target 6% by 2021 and target additional 15% by 2021** * Recurring Operating Income related to Revenue ** At constant (2015) exchange rates 5 FINANCIAL RESULTS 6 FINANCIAL RESULTS : NET INCOME GROUP SHARE x 2 In million Euros 2015 2016 Change Revenue 54,676 54,030 (646) Recurring Operating Income 2,733 3,235 502 % of revenue 5.0% 6.0% Non–recurring operating income and (expenses) (757) (624) 133 Operating income 1,976 2,611 635 Net financial income (expenses) (642) (268) 374 Income taxes (706) (517) 189 Share in net earnings of companies at equity* 437 128 (309) Net result from operations to be continued in partnership* 137 195 58 Consolidated net income / (loss) 1,202 2,149 947 Net income, Group Share 899 1,730 831 * see detail in attachments 7 GROUP REVENUE : +2.1 % AT CONSTANT EXCHANGE RATES In million Euros Group* Automotive Division Faurecia +2.1 % +2.7 % +1.6 % At constant Exchange Rates** 54,676 54,030 37,514 37,066 18,770 18,710 -1.2% -1.2% -0.3% 2015 2016 2015 2016 2015 2016 * Breakdown in attachment ** At constant (2015) exchange rates 8 AUTOMOTIVE REVENUE ANALYSIS In million Euros Volume & Product Sales to FX Price Others* Country Mix Mix Partners +2.3% -3.8% +2.0% +0.0% -1.5% -0.1% 37,514 37,066 variation: -1.2% 2015 2016 * accounting treatment of buy-back commitment, short term rental 9 CONSOLIDATED WORLDWIDE SALES* In thousands of units +5.8% +3.6% -16.0% +112.8% +17.1% -16.4% -12.6% 3,146 2,973 1,930 2015 1,864 2016 736 618 384 180 157 184 24 20 12 10 Volumes* Total Consolidated Europe China Middle East Latin America India & Pacific Eurasia Worldwide Sales* & SE Asia & Africa** * Assembled vehicles, CKDs and vehicles under license ** o/w 233 kunits sold under Peugeot license in 2016 following the final JV agreement signed with Iran Khodro on 21 June 2016 GROUP RECURRING OPERATING INCOME & MARGIN In million Euros Group* Automotive Division Faurecia 3,235 2,733 6.0% Margin 2,225 5.0% Margin 6.0% 1,871 Margin 970 5.0% Margin 830 +18% 5.2% Margin +19% 4.4% Margin +17% 2015 2016 2015 2016 2015 2016 * Breakdown in attachment 11 AUTOMOTIVE RECURRING OPERATING INCOME ANALYSIS In million Euros Price Market Market Input Forex Product Production & SG&A & Product Share/ R&D* Others Demand Costs* & Other Mix Procurement* Expenses Enrichment Country Mix +2,225 +1,871 +331 +59 (838) +365 +89 (255) +625 +238 (51) (209) Operating Environment Performance (448) +802 2015 2016 * IAS 36 on Automotive Division impact: -€102M in 2016, registered on production & procurement, R&D and input costs 12 BANQUE PSA FINANCE* In million Euros Recurring Penetration Rate Cost of Risk** Operating Income 100% basis 571 514 30.8% 0.33% +11.1% 29.9% +0.9 pt 0.24% -0.09 pt 2015 2016 2015 2016 2015 2016 * 100% basis ** In % average loans 13 FAURECIA In million Euros Revenue Recurring Operating Free Cash Flow Income 18,770 18,710 -0.3% 970 830 +17% 1,011 5.2% Margin 4.4% Margin 191 x 5.3 2015 2016 2015 2016 2015 2016 Net Financial Position*: (475) M€ * End December 2016 14 CASH FLOW ANALYSIS* In million Euros Net Free Cash Flow : +2,698 Net Financial Financial Position Position Change in working capital : +471 +4,560 +6,813 o/w Faurecia o/w Faurecia (1,026) (475) Faurecia Auto Auto Faurecia +5,097 (631) (365) +291 +389 +156 (2,673) +434 (445) Other Capex & BPF Cash Trade Trade Restruct. Inventories Change Capitalised R&D Dividends Others*** Flow Receivables Payables in WCR o/w Faurecia (389)** Auto End 2015 End 2016 * Manufacturing and Sales Companies ** Including €604M from Faurecia Automotive Exteriors sale 15 *** Including warrants exercised (+ € 330 M), operations held for sale (-€255M), conversion differences (-€196M) & dividends to Faurecia minority interests (-€123M) RIGHTSIZED INVENTORIES In thousands of new vehicles* 406 350 99 107 307 243 Group inventory Independent dealership inventory End 2015 End 2016 * World figures excluding China 16 OUTLOOK 2017 Market Outlook Operational Outlook EUROPE CHINA Deliver over 4.5% Automotive Recurring Operating Margin* on average stable + 5% in 2016-2018, and target 6% by 2021 Deliver 10% Group Revenue growth by 2018** vs 2015, LATIN AMERICA RUSSIA and target additional 15% by 2021** stable stable * Recurring Operating Income related to Revenue ** At constant (2015) exchange rates 17 PUSH TO PASS HIGHLIGHTS 18 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 19 A GREAT CAR MAKER CUTTING EDGE EFFICIENCY CORE MODEL QUALITY BRAND CORE NEW & TECHNO FIRST POWER EFFICIENCY FRONTIERS STRATEGY 20 Nous avons progressé comme nous le voulions et avons déjà enclenché un changement profond -> encore des ruptures à faire en 2017 et nous nous en donnons les moyens. Qualité produit En conception -> des lancements dont la qualité est reconnue -> VR 2008 +10 pts en lancement vs précédente génération et déjà au niveau de son benchmark 2 véhicules selectionné car of the year Qualité industrielle -> en preuve les BD = qualité que l’on a embarqué sur nos derniers lancements -> Amélioration pour la 3eme année consécutive (+11 pt en 3 ans) + progression intra 2016 (off : moyenne annuelle =83% / point de sortie décembre 2016 = 86%) => Confirmation de tendance et des ruptures engagées en matière de qualité Ph. de Roriva -> % de production 2017 qui serait impacté par les travaux sur les 150 composants. + BD/Site Qualité de service Résultats 2016 à l’objectif ce qui représente une rupture de courbe notamment en APV (à confirmer début janvier avec les chiffres – cf Romain) La satisfaction de nos clients est notre obsession en vie courante sur le terrain. En 2016, nous avons remis le client au « cœur » : En en faisant d’abord une priorité managériale -> changement de mindset en cours -> la culture client irrigue -> voir si l’on peut utiliser les hots alerts et taux de resatisfaction clients -> cf Romain) Appuyé par le mode de rémunération du réseau -> Même poids donné à la qualité qu’à la performance commerciale -> Pays ? Et nous nous donnons les moyens de poursuivre cette pente d’amélioration en 2017 pour atteindre nos objectifs ambitieux (sévérisés ? à confirmer avec Romain) avec: Formation comportementale de toutes nos filiales (Manager, Resp Ventes, APV, CCS ) pour continuer de mettre le client au cœur de notre activité -> lancé en France en 2016 (off : trop tôt pour avoir recul sur l’impact) + Monde en 2017 -> objectif fin 2017 = 100% des CCS et vendeurs auront suivi les formations comportementales (Kpi = Score des Visites Mystères) Et le renforcement de notre management réseau indépendant avec intransigeance (bottom5 avec coaching payant à leur charge – pratique BMW). -> meilleure pratique du marché notamment premium. QUALITY FIRST – UNCOMPROMISING ATTITUDE Push to Pass Roadmap 2 cars among RV New 3008 +10 pts vs previous 3008 at launch 7 finalists 2013 2014 2015 2016 2018 2021 0 -4 -12 -16 -23 -20 Industrial Right-First Time-Through(3) vs benchmark PRODUCTS SERVICES st nd Push to Pass Roadmap (1) 1 2 2013 2014 2015 2016 2018 2021 0 (2) - 7 - 14 - 13 - 18 - 16 Top 5 - Customer satisfaction Aftersales customer recommendation(4) vs benchmark (1) Aftersales - Source : J.D. Power survey published mid 2016 (3) Source : internal wordlwide average in points vs benchmark (2) New vehicles - Source : External & Internal Survey (4) Source21 : internal customer feedback in points vs benchmark
Load more

Recommended publications
  • PRESS RELEASE Groupe PSA and FCA Plan to Join Forces to Build A
    PRESS RELEASE IMPORTANT NOTICE By reading the following release, you further agree to be bound by the following limitations and qualifications: This communication is for informational purposes only and is not intended to and does not constitute an offer or invitation to exchange or sell or solicitation of an offer to subscribe for or buy, or an invitation to exchange, purchase or subscribe for, any securities, any part of the business or assets described herein, or any other interests or the solicitation of any vote or approval in any jurisdiction in connection with the proposed transaction or otherwise, nor shall there be any sale, issuance or transfer of securities in any jurisdiction in contravention of applicable law. This communication should not be construed in any manner as a recommendation to any reader of this communication. This communication is not a prospectus, product disclosure statement or other offering document for the purposes of Regulation (EU) 2017/1129 of the European Parliament and of the Council of June 14th 2017, as amended from time to time and as implemented in each member State of the European Economic Area and under French and Dutch law and regulation. An offer of securities in the United States pursuant to a business combination transaction will only be made, as may be required, through a prospectus which is part of an effective registration statement filed with the US Securities and Exchange Commission (“SEC”). Shareholders of Fiat Chrysler Automobiles N.V. (“FCA”) and Peugeot S.A. who are US persons or are located in the United States are advised to read the registration statement when and if it is declared effective by the US Securities and Exchange Commission because it will contain important information relating to the proposed transaction.
    [Show full text]
  • Shareholders
    LETTER TO OUR SHAREHOLDERS SEPTEMBER 2016 P.3 P.4 P.6 P.8 PERFORMANCE HIGHLIGHTS DECIPHERING SHAREHOLDER THE DATA INFORMATION P.4 P. 5 In the first half of 2016, our revenue of €3.2 billion was up by 11%, and our profitability was growing even faster, with an operating margin up by nearly 13%. LAURENT BURELLE CHAIRMAN AND CHIEF EXECUTIVE OFFICER P. 2 P. 6 MESSAGE from the Chairman and Chief Executive Officer You can find the presentation of the 2016 half-year results at www.plasticomnium.com €3.2 billion revenue +8% €267 million operating margin +12.7% TO OUR SHAREHOLDERS, During the first half of 2016, Plastic Omnium once again Such performance is €155 million achieved a record level of proof of the continuous net profit, revenue and results. Our revenue commitment of of €3.2 billion was up by 11%, Group share and our profitability was growing our employees to even faster, with an operating margin operational excellence. up by nearly 13%. For the first time, +9.5% our operating margin exceeded the historic level of 10%. LAURENT BURELLE At the same time, our net debt Chairman and has been even further reduced. Chief Executive Officer €383 million Such performance is proof of EBITDA the continued commitment of our employees to operational It is this extremely healthy financial excellence – total quality position which has made it possible +10.5% in development and production, for us to seize an opportunity and perfect logistics. for sizeable external growth, with This operational excellence, the acquisition of Faurecia’s Exterior together with a policy of sustained Systems, carried out on July 29.
    [Show full text]
  • P 01.Qxd 6/30/2005 2:00 PM Page 1
    p 01.qxd 6/30/2005 2:00 PM Page 1 June 27, 2005 © 2005 Crain Communications GmbH. All rights reserved. €14.95; or equivalent 20052005 GlobalGlobal MarketMarket DataData BookBook Global Vehicle Production and Sales Regional Vehicle Production and Sales History and Forecast Regional Vehicle Production and Sales by Model Regional Assembly Plant Maps Top 100 Global Suppliers Contents Global vehicle production and sales...............................................4-8 2005 Western Europe production and sales..........................................10-18 North America production and sales..........................................19-29 Global Japan production and sales .............30-37 India production and sales ..............39-40 Korea production and sales .............39-40 China production and sales..............39-40 Market Australia production and sales..........................................39-40 Argentina production and sales.............45 Brazil production and sales ....................45 Data Book Top 100 global suppliers...................46-50 Mary Raetz Anne Wright Curtis Dorota Kowalski, Debi Domby Senior Statistician Global Market Data Book Editor Researchers [email protected] [email protected] [email protected], [email protected] Paul McVeigh, News Editor e-mail: [email protected] Irina Heiligensetzer, Production/Sales Support Tel: (49) 8153 907503 CZECH REPUBLIC: Lyle Frink, Tel: (49) 8153 907521 Fax: (49) 8153 907425 e-mail: [email protected] Tel: (420) 606-486729 e-mail: [email protected] Georgia Bootiman, Production Editor e-mail: [email protected] USA: 1155 Gratiot Avenue, Detroit, MI 48207 Tel: (49) 8153 907511 SPAIN, PORTUGAL: Paulo Soares de Oliveira, Tony Merpi, Group Advertising Director e-mail: [email protected] Tel: (35) 1919-767-459 Larry Schlagheck, US Advertising Director www.automotivenewseurope.com Douglas A. Bolduc, Reporter e-mail: [email protected] Tel: (1) 313 446-6030 Fax: (1) 313 446-8030 Tel: (49) 8153 907504 Keith E.
    [Show full text]
  • Registration Document
    20 REGISTRATION DOCUMENT Including the annual financial report 17 GROUPE PSA - 2017 REGISTRATION DOCUMENT -1 ANALYSIS OF THE BUSINESS AND GROUP OPERATING RESULTS IN 2017 AND OUTLOOK Capital Expenditure in Research & Development 4.4.2. Banque PSA Finance, signature of a framework agreement with the BNP Paribas Group to form a car financing Partnership for Opel Vauxhall vehicles On 6 March 2017, when the Master Agreement was concluded with BNP Paribas Personal Finance, will from an accounting point of view General Motors, the Company simultaneously signed a Framework retain the current European platform and staff of GM Financial. The Agreement with BNP Paribas and BNP Paribas Personal Finance, to Opel Vauxhall finance companies will distribute financial and organise the joint purchase of Opel Vauxhall’s finance companies insurance products over a territory initially including the following and the setting up of a car financing partnership for Opel Vauxhall countries: Germany, United Kingdom, France, Italy, Sweden, Austria, vehicles. Ireland, Netherlands, Belgium, Greece and Switzerland. The The acquisition of Opel Vauxhall’s finance companies will be cooperation may potentially be extended thereafter to other completed through a holding company. This joint venture, owned in countries where Opel Vauxhall has a presence. equal shares and on the same terms by Banque PSA Finance and 4.5. CAPITAL EXPENDITURE IN RESEARCH & DEVELOPMENT Automotive Expertise to deliver useful technologies Innovation, research and development are powerful levers for Every year, Groupe PSA invests in research and development to developing competitive advantages by addressing the major stay ahead, technologically, of environmental and market changes. challenges faced in the automotive industry (environmental, safety, emerging mobility and networking needs, etc.).
    [Show full text]
  • Who's Who at Europe's Supplier Parks
    AN_070319_23.qxd 15.03.2007 11:19 Uhr Page 23 March 19, 2007 www.autonewseurope.com · PAGE 23 2007 Guide to purchasing Who’s who at Europe’s supplier parks AUDI VOLKSWAGEN 1. Ingolstadt 23. Autoeuropa Supplier Park opened in 1995 Supplier Park opened in 1995 Ingolstadt Logistics Center (GVZ) Palmela, Quinta da Marquesa, 85057 Ingolstadt, Germany Quinta do Anjo, Portugal Tel :(49) 841-890 Tel: (351) 1-321-2541/2601 Carcoustics: door sound proofing; Delphi: interior ArvinMeritor, Benteler, Edscha, Faurecia, Tenneco; wiring harness; Dräxlmaier: wiring, instrument panels; Hayes Lemmerz: wheels; Kautex; Magna Donnelly; Pal- Faurecia: front-end modules; Montes: air filters and metal: Logistics; PPG; Vanpro (joint venture JCI-Faurecia) filtration equipment; Preymesser: consolidation tasks Rehau: bumpers; Scherm: logistics; Röchling Auto- 24. Brussels 30 motive: door trim; Siemens VDO: fuel tanks; Tenneco: Supplier Park opened in 2001 emission control systems; Venture/Peguform: door trim Blvd. De la 2eme Armee, Britannique 201, 201, Britse Tweedelegerlaan, 2a. Neckarsulm 1190 Brussels, Belgium Supplier Park opened in 1996 15 Tel: (32) 2-348-2111 Bad Friedrichshall Industry and Commerce Park ArvinMeritor: door mechanisms, fittings; Expert: 28 NSU Str. 24-32 13 4 bumpers; Inergy: fuel tanks; Hayes Lemmerz: wheels; 74172 Neckarsulm, Germany Siemens VDO: fuel tanks; Sumitomo Electric Indus- 26 Tel: (49) 7132-310 12 24 11 tries: electrical cables AFL Michels: wiring; Plastal: bumpers; Faurecia: floor- 19 29 8 ing; Fritz Logistik: logistics; Grammer: central consoles; 2a 3 25. Pamplona 5 2b HP Pelzer: roofs; Johnson Controls: instrument panels, 18 1 16 Supplier Park opened in 1999 6 27 pillars; Rhenus: logistics; Siemens VDO: fuel tanks; 9 Pol.
    [Show full text]
  • Who Supplies Whom in Europe
    20080317-GTP_who_supplies.qxd 3/14/08 5:58 PM Page 2 2008 Guide to purchasing Who supplies whom in Europe Audi BMW Fiat Ford GM Europe Jaguar-Land RoverMercedes/Smart Air conditioning Behr, Denso, Valeo Behr, Denso, Valeo Denso, Valeo Behr, Visteon Behr, Delphi, Valeo Behr, Denso, Visteon Behr, Denso, Eberspächer, Valeo Airbags Autoliv, Key Safety Systems, Alcoa, Autoliv, Takata Petri, Autoliv, Key Safety Systems, Autoliv, Takata-Petri, Autoliv, Key Safety Systems, Autoliv Alcoa , Autoliv, Takata-Petri, Takata-Petri, TRW TRW Automotive TRW Automotive TRW Automotive Takata-Petri, TRW Automotive TRW Automotive Antilock brakes Bosch, Continental Bosch, Continental Bosch, TRW Automotive Continental, TRW Automotive Bosch, Continental, Bosch, Continental Bosch TRW Automotive Automatic Aisin AW, Magneti Marelli, ZF Friedrichshafen Aisin AW, Magneti Marelli Jatco, Magneti Marelli Aisin AW, Magneti Marelli ZF Friedrichshafen Getrag, Magneti Marelli, ZF Friedrichshafen transmissions ZF Friedrichshafen, ZF Sachs Axles Volkswagen Braunschweig Alcoa, ThyssenKrupp, Johnson Controls, Magneti Marelli, Benteler Delphi, Magneti Marelli Dana, Visteon Benteler, ThyssenKrupp, TMD Friction ZF Friedrichshafen TRW Automotive, Varta Batteries Johnson Controls, Moll, Varta Johnson Controls, Seeber, Varta, n/a Johnson Controls, Benteler Delphi, Johnson Controls, Delphi, Johnson Controls, Varta Johnson Controls, Varta, Voestalpine Vb Autobatterie Varta, Vb Autobatterie Brake lines/ Continental, Cooper-Standard, Continental, Freudenburg, FTE, Bosch, CF Gomma, Continental,
    [Show full text]
  • Press Release
    Press release Nanterre (France), October 23, 2020 THIRD-QUARTER 2020 SALES Q3 SALES SIGNIFICANTLY BETTER THAN PREVIOUSLY EXPECTED H2 GUIDANCE UPGRADED In €m Q3 2019 Q3 2020 Change 9m 2019 9m 2020 Change Group sales 4,185 3,874 -7.4% 13,157 10,043 -23.7% At constant scope and currencies -7.0% -26.4% Q3 SALES SIGNIFICANTLY BETTER THAN PREVIOUSLY EXPECTED ▪ Strong sequential improvement at constant scope and currencies: -7.0% in Q3, after -19.7% in Q1 and -50.0% in Q2 ▪ Month-after-month improvement throughout the quarter, with September up 1.2% year-on- year ▪ Strong sales in China, up 15.4% at constant scope and currencies ▪ Outperformance of Seating and Clean Mobility (representing combined 65% of Group sales), while Interiors and Clarion Electronics underperformed the market H2 GUIDANCE UPGRADED With the revised assumption that worldwide automotive production in H2 should drop in the mid- single digits vs. H2 2019 (vs. “down around 15%” as announced on July 27), Faurecia is upgrading its financial targets for the second half of the year: ▪ Sales of at least €8 billion (vs. “around €7.6 billion” as announced on July 27) ▪ Operating income of at least 5.5% of sales (vs. “around 4.5% of sales” as announced on July 27) ▪ Net cash flow of at least €700m (vs. “around €600 million” as announced on July 27) Patrick KOLLER, CEO of Faurecia, declared: “Our sales in Q3 were better than previously expected. Despite ongoing uncertainty related to the Covid-19, we are now more confident about worldwide automotive production in the second half of the year that should drop only in the mid- single digits vs.
    [Show full text]
  • Stellantis Announces Conditional Distribution of Faurecia Shares and Cash
    PRESS RELEASE Stellantis announces conditional distribution of Faurecia shares and cash Amsterdam, March 4, 2021 – Stellantis N.V. (NYSE / MTA / Euronext Paris: STLA) (“Stellantis”) announced today a conditional distribution by Stellantis to the holders of its common shares of up to 54,297,006 ordinary shares of Faurecia S.E. (“Faurecia”) and up to €308 million in cash, being the proceeds received by Peugeot S.A. from the sale of ordinary shares of Faurecia in October 2020, payable to holders of Stellantis common shares of record as of Tuesday, March 16, 2021, pursuant to a capital reduction (the “Distribution”). Payment of the Distribution is conditional upon the further announcement that the Distribution has been approved by the Extraordinary General Meeting of Shareholders of Stellantis to be held on March 8, 2021 and that certain Dutch law formalities have been satisfied. Absent such announcement that the Distribution has become unconditional, no Distribution will be payable. If the Distribution becomes unconditional as described above, the expected calendar for the Distribution will be as follows: (i) ex-date on Monday, March 15, 2021; and (ii) record date on Tuesday, March 16, 2021. Holders of Stellantis common shares will be entitled to: (i) 0.017029 ordinary shares of Faurecia; and (ii) Euro 0.096677 for each common share of Stellantis they hold on the record date for the Distribution. The cash portion of the Distribution is expected to be paid on or about Monday, March 22, 2021. Generally, the ordinary shares of Faurecia are expected to be delivered to holders of Stellantis common shares entitled thereto on or about Monday, March 22, 2021.
    [Show full text]
  • Press Release
    Press Release Nanterre (France), January 12, 2021 INCREASED INDEPENDENCE OF BOARD OF DIRECTORS OF FAURECIA Faurecia announces the resignation of Olivia Larmaraud, Grégoire Olivier and Philippe de Rovira from its Board of Directors, with immediate effect. All three had been Board Members nominated by PSA. These resignations come as a result of the commitments made by PSA and FCA in the context of their merger operation. Michel de Rosen, Chairman of the Board of Directors of Faurecia said: “On behalf of the Board of Directors, I would like to warmly thank Olivia, Grégoire and Philippe, and, through them, Groupe PSA, for their ongoing support of Faurecia’s development and strategy. I would also like to recognize their active contribution to the work of the Board and the committees in which they participated. This step, which had been announced by PSA, is taken in the context of the proposed distribution by Stellantis of its stake in Faurecia to its shareholders as a result of the merger. The resulting enhanced independence of Faurecia is reflected, as of today, by this change in governance, creating a Board of Directors with a very large majority of independent Board Members.” As of today, the Board of Directors of Faurecia is comprised of 12 Board Members of whom 80% are independent (excluding the 2 Board Members representing employees). Also in accordance with its commitments, PSA converted today all of its shareholding in Faurecia into bearer shares thereby losing the associated double voting rights. The distribution of the Faurecia shares will be completed after the Stellantis Board and shareholders’ approval, which Faurecia expects to occur by the end of the first quarter 2021.
    [Show full text]
  • Green Bond Framework
    GREEN BOND FRAMEWORK March 2021 1 TABLE OF CONTENTS 1. Introduction ....................................................................................................................................3 2. Faurecia Sustainability Approach ...............................................................................................5 2.1 Faurecia hydrogen strategy ........................................................................................................7 3. Green Bond Framework ........................................................................................................... 11 3.1 Use of Proceeds ........................................................................................................................ 11 3.2 Process for Project Evaluation and Selection ....................................................................... 12 3.3 Management of Proceeds ........................................................................................................ 13 3.4 Reporting ..................................................................................................................................... 13 4. External Review ......................................................................................................................... 14 Annex 1 – Alignment with UN’s SDGs ........................................................................................... 15 Annex 2 – Example of assumptions and calculations of CO2 savings ...................................... 16 Disclaimer ..........................................................................................................................................
    [Show full text]
  • [Encode Sans 47 Pt Light] on Several Lines LOREM
    CHIEF EXECUTIVE OFFICER Carlos TAVARES Carlos Tavares held various positions within the Renault Group between 1981 and 2004, before joining the Nissan Group. Carlos Tavares was appointed Executive Vice President, Chairman of the Management Committee Americas and President of Nissan North America in 2009, before being appointed as Chief Operating Officer of Renault, a position he held until 2013. Carlos Tavares served as Chairman of the PSA Managing Board from March 31, 2014, having joined the PSA Managing Board on January 1, 2014. He also serves as a director of Airbus Holding S.A., and is a member of the board of directors of the European Automobile Manufacturers’ Association (ACEA). Carlos Tavares was appointed Executive Director of Stellantis with effect from January 17, 2021 and Chief Executive Officer on January 17, 2021. Born in Portugal, Carlos Tavares graduated from École Centrale de Paris. 2021/01/19 Communication Department HEAD OF AMERICAS Mike MANLEY Michael Manley has a deep background in all aspects of global business operations including strategy, business development, commercial, brand, product planning and operational activities. Bringing extensive experience in the international automobile business, Manley joined DaimlerChrysler in 2000 as Director - Network Development (United Kingdom). He was responsible for product planning and all sales activities outside North America, appointed to this position in December 2008. He later served as Executive Vice President - International Sales and Global Product Planning Operations. Manley was the lead executive for the international activities of Chrysler Group outside of North America, where he was responsible for implementing the co-operation agreements for distribution of Chrysler Group products through Fiat’s international distribution network.
    [Show full text]
  • Registration Document 2006 Registration
    2006 Registration Document 2006 Registration PSA Peugeot Citroën PSA Peugeot Registration Document 06 PEUGEOT S.A. Incorporated in France with issued capital €234,618,266 Governed by a Managing Board and a Supervisory Board Registered office: 75, avenue de la Grande-Armée – 75116 Paris – France R.C.S. Paris B 552 100 554 – Siret 552 100 554 00021 Tel.: + 33 (1) 40 66 55 11 – Fax: + 33 (1) 40 66 54 11 www.psa-peugeot-citroen.com – www.developpement-durable.psa.fr WorldReginfo - a2ad80ab-7db3-4d8e-a421-5b0276572ba0 Content Profile 1 Key Figures 2 Corporate Governance and Management 4 1 Report of the Supervisory Board 5 8 Statistics 133 2 Strategic Strengths and Priorities 9 9 Consolidated Financial Statements 145 Consolidated Financial Statements 146 3 Corporate Governance 13 Notes to the Consolidated Financial Statements 153 Consolidated Companies as at December 31, 2006 224 The Supervisory Board 14 Subsidiaries and Affiliates as at December 31, 2006 236 The Managing Board and Executive Management 18 Internal and External Controls 20 10 Annual Stockholder’s Meeting 239 Management and Administration: Presentation of the Resolutions 240 - Main functions and directorships held during 2006 24 - New Corporate Officers elected or appointed Financial Authorizations in effect 246 on February 6, 2007 34 Resolutions 248 - Compensation of Corporate Officers and Executives in 2006 37 11 Investor Information 253 Stockholder Relations 254 4 Business Review 39 Information about the Company’s Capital 258 The Automobile Division 40 Stockholder Information 261 Banque PSA Finance 46 Gefco 48 12 Report of the Chairman of the Supervisory Board Faurecia 49 on the preparation and organization of Supervisory Other Businesses 51 Board meetings and on Internal Control 263 5 Corporate Social Responsibility 53 13 Statutory Auditors’ Report 271 Employee Relations Commitment 54 Statutory Auditors’ Report on the Consolidated Employee Relations Indicators 64 Financial Statements 272 Statutory Auditors’ Report, prepared in accordance 6 Corporate Policies 89 with Article L.
    [Show full text]