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INVESTOR UPDATE December, 2010

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INVESTOR UPDATE December, 2010 INVESTOR UPDATE December, 2010 Investor Relations James Palmer + 33 1 40 66 54 59 [email protected] Investor update – November 2010 1 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 Company’s annual report available on its Internet website (www.psa-peugeot-citroen.com). 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 Peugeot Citroën may be obtained on its Internet website (www.psa-peugeot-Citroën.com), under Regulated Information. Investor update – November 2010 2 Key highlights YTD 2010 • Operating and financial performance restored ► Market trends better than expected ► Market share growth in Europe, China, Latin America and Russia ► Profitability restored in H1, Expectations raised for H2 & 2010 ► Solid financial structure and active optimisation of debt • Progressing on our ambitions ► Building blocks in place in high growth markets to reach 50% sales by 2015 ► Products to support market share and pricing power ► Pioneering technologies to reduce CO 2 emissions ► New co-operations to support growth and generate development synergies ► Performance plan delivering operational excellence Investor update – November 2010 3 Q3 2010 REVENUES & PERFORMANCE UPDATE Q3 2010 key highlights • Consolidated revenues up 10.3% vs Q3-2009 ( +4.3 % like for like) • Automotive Division revenues up 2.3% ► Positive new car positive pricing/mix of +4.3% ► Sound inventory rotation of 61 days • Market share growth in Europe, Latin America and China • Sustained recovery at Faurecia, with revenue up 44.1 % (11.5 % like for like) Investor update – November 2010 5 Q3 and 9 month revenues Change like for Change like for In million euros Q3- 09 Q3-10 9M - 09 9M -10 10/09 like 10/09 10/09 like 10/09 Automotive 9 256 9 465 +2.3% - 27 914 30 639 +9.8% - Faurecia 2 268 3 267 +44.1% +11.5% 6 648 10 093 +51.8% +21.6% Gefco 701 794 +13.3% - 2 096 2 509 +19.7% - Banque PSA Finance 458 464 +1.3% - 1 373 1 383 +0,7% - Other businesses and intra-company (901) (997) - - (2 752) (3238) - eliminations Total revenues 11 782 12 993 +10.3% +4.3% 35 279 41 386 +17.3% +11.8% Investor update – November 2010 6 Market trends Cars and light commercial vehicles – Market 9 M 2010 - 2.8% 9 M 2010 + 11.3% 9 M 2010 + 23.5% Q1 2010 Q2 2010 Q3 2010 Q1 2010 Q2 2010 Q3 2010Q1 2010 Q2 2010 Q3 2010 +31.0% +22.9 % + 17.7 % + 15.1 % + 11.8% + 9.3 % +7.3 % - 5.6 % - 11.4 % Europe* Latin America China** * Europe = EU + EFTA + Croatia ** Only cars Investor update – November 2010 7 Market share growth in Europe 14.3% 13.8% Market share 13.5% momentum in Europe 30 2008 2009 9M 2010 Investor update – November 2010 8 Automotive: Worldwide unit sales Assembled vehicles and CKD units Change Change In K units Q3 - 09 Q3-10 9M - 09 9M - 10 10/09 10/09 Europe 518 462 -10.9% 1 583 1 668 +5.4% Russia 9 17 +82.9% 33 39 +18.6% Latin America 62 78 +26.3% 174 205 +17.7% Rest of the world 36 56 +60.7% 101 142 +39.8% Assembled vehicles 625 613 -1.8% 1 891 2 054 +8.6% (excluding China) China 69 86 +24.3% 188 263 +39.9% Total assembled vehicles 694 699 +0.8% 2 079 2 317 +11.4% Total CKD 94 109 +16.2% 295 347 +17.6% Total assembled vehicles + 788 808 +2.6% 2 375 2 664 +12.2% CKD units Investor update – November 2010 9 Market share growth outside Europe Cars and light commercial vehicles – Market share Q3 2009 Q3 2010Q3 2009 Q3 2010Q3 2009 Q3 2010 5.8 % 5.2 % 3.2 % 3.4 % 2.8 % 3.0 % Russia Latin America China* * Only cars Investor update – November 2010 10 New model momentum 2009 PEUGEOT 3008 CITROËN C3 Picasso New CITROËN C3 PEUGEOT 5008 Investor update – November 2010 11 New model momentum 2010 End of 2010 2011 PEUGEOT RCZ CITROËN DS3 New CITROËN C4 PEUGEOT 508 et 508SW PEUGEOT 408 CITROËN C5 China PEUGEOT i0n CITROËN DS4 PEUGEOT Hoggar CITROËN Aircross CITROËN C Zero PEUGEOT 3008 Hy4 Investor update – November 2010 12 Solid financial structure > Significant liquidity headroom > Low gearing of 12.5% In million euros End 2009 End H1 2010 Cash and cash equivalents 7 843 9 084 Current & non current financial assets 1 185 1 271 Total 9 028 10 355 Back-up facility (undrawn) 2 400 2 400 Total liquidity available 11 428 12 755 Net debt position 1 993 1 732 Total shareholders’ equity 12 447 13 845 Gearing ratio 16.0% 12.5% Investor update – November 2010 13 Gross debt maturity profile > Weighted average remaining maturity: 5.3 years Gross debt pro forma at 25.10.10 excluding BPF, undrawn credit-line, short term liabilities & other adjustments In million euros Renewed €2.4bn undrawn credit line maturing July 2013 3 066 1 735 1 551 1 075 777 600 435 2011 2012 2013 2014 2015 2016 2033 Investor update – November 2010 14 Looking ahead for Q4 • Order books remain solid • Benefits expected from model launches • Further new model momentum • Electric vehicle launches in Q4 PEUGEOT i0n CITROËN C-Zéro • Benefits of performance plan feeding through Investor update – November 2010 15 Outlook > Market assumptions • Europe: down 5% • China: up c.20 % • Latin America: up c.10 % > Objectives for 2010 • Automotive recurring operating income: break even in H2 • Group recurring operating income: > €1.5bn for the full year 2010 • Net debt position: at a similar level to the end of June 2010 Investor update – November 2010 16 STRATEGY UPDATE Progress on our ambitions 50% of vehicle sales in high growth A global player markets by 2015 A step ahead Design, emissions, services Operational excellence €3.3bn Performance Plan Investor update – November 2010 18 China > Strengthening of Dongfeng Peugeot Citroën Automobile > Second JV with Chang’an to expand Chinese footprint > Develop China Tech Center in Shanghai > Managing Board member based in Shanghai Investor update – November 2010 19 China > Record performance in H1 2010 at DPCA > 5% market share in 2015 • Vehicle sales up 50% to 176 000 • Net income, Group share of €97m* vs €9m H1 09 • One new vehicle launch per year, per brand • STT Hybrid vehicles from 2011 PEUGEOT 408 • Capacity increased to 450 000 units with opening of Wuhan 2 in November 2009 • Third plant to come on stream in 2013 CITROËN C5 * PSA 50% share of net profit consolidated as equity affiliate Investor update – November 2010 20 China > Second JV with Chang’an to expand Chinese footprint • Citroën DS line with first vehicle launched in 2012 • Development of LCVs • Production capacity of 200k p.a. at Shenzhen > Develop China Tech Center in Shanghai • New product growth momentum • Develop environmental leadership > Managing Board member based in Shangai Investor update – November 2010 21 Latin America and Russia > Latin American development • New model momentum: Peugeot Hoggar, Citroën Aircross PEUGEOT Hoggar • 3yr investment programme for product development and plant capacity: ► Brazil: €530m ► Argentina: €170m CITROËN Aircross > Russian production underway • Assembly started at Kaluga plant with the Peugeot 308, Citroën C4 since April 2010 • Production of SUVs since September 2010 PEUGEOT 308 Investor update – November 2010 22 Core range models for high growth markets Vehicles: Production: • Peugeot 408 Wuhan, China Palomar, Argentina • Mid-size sedan Vigo, Spain PEUGEOT 408 China & Latin America to follow • “Global small” vehicle Under consideration Investor update – November 2010 23 Progress on our ambitions 50% of vehicle sales in high growth A global player markets by 2015 A step ahead Design, emissions, services Operational excellence €3.3bn Performance Plan Investor update – November 2010 24 Design PEUGEOT RCZ CITROËN DS3 PEUGEOT 508 CITROËN DS4 Investor update – November 2010 25 Emissions > 1 million vehicles ≤120g CO 2/km by 2012 vs 750 000 in 2009 Diesel Stop & Start Gasoline 207, C3 & up to 1l. 3 cyl DS3 -15% ≤99g ≈ 85% 99g CO 2/km CO 2/km CO 2/km Gasoline and diesel Full hybrid Hybrid Electric diesel Plug-in vehicle «HYbrid4 < 50g ≈ 15% diesel» CO 2/km 2009 Electric and hybrid 2010 2011 2012 2020 Investor update – November 2010 26 Electric cars & scooters PEUGEOT iOn CITROËN C-Zero PEUGEOT E-vivacity Scooter CITROËN Berlingo Electric Investor update – November 2010 27 Hybrid technologies PEUGEOT 3008 Hy4 PEUGEOT 508 CITROËN DS5 Hy4 Investor update – November 2010 28 Customer services and mobility Customer services • Insurance, maintenance, emergency call • Fleet management system • Launched in 26 European cities by year end • 4 000 active clients in France • No membership required • Instant mobility • Travel service Investor update – November 2010 29 Progress on our ambitions 50% of vehicle sales in high growth A global player markets by 2015 A step ahead Design, emissions, services Operational excellence €3.3bn Performance Plan Investor update – November 2010 30 Performance Plan delivery > €3.3bn Performance Plan 2010-2012 €1.1bn 30% Sales & Marketing €854m at 30.06.10 15% High growth markets Production, 55% Development & SG&A 2010 2011 2012 Investor update – November 2010 31 To sum up Building blocks in place in high growth markets > to reach 50% sales by 2015 > Products to support market share and pricing power > Pioneering technologies to reduce CO 2 emissions > Underpinned by operational excellence Investor update – November 2010 32 APPENDIX I Q3 2010 REVENUES ANALYSIS
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