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PEUGEOT SA (“Company”) Shares 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 PEUGEOT CITROËN may be obtained on group website (www.psa-peugeot-citroen.com), under Regulated Information. First Half Results 2013 – July 31st, 2013 2 Agenda ▐ H1 2013 Highlights Philippe Varin ▐ Financial results Jean-Baptiste de Chatillon ▐ Strategic update Philippe Varin First Half Results 2013 – July 31st, 2013 3 H1 2013 HIGHLIGHTS Philippe Varin Chairman of the Managing Board H1 2013 Highlights Solid progress of turnaround plans ▐ Group Recurring Operating Income: -€65M in H1 2013, with -€510M on Automotive division ▐ Free Cash Flow: €203M excluding restructuring and exceptional ▐ Financial security strengthened at €11.8bn and State guarantee for Banque PSA Finance: approval granted by EU on July 30th ▐ Successful launches of Peugeot 2008, Peugeot 208 GTI and XY, Peugeot 301, new Citroën C4 Picasso, Citroën C4 L, DS3 Cabrio and C-Elysée ▐ Rebound plan on track and further steps under negotiation ▐ China: +33% growth in sales ▐ GM Alliance: first savings First Half Results 2013 – July 31st, 2013 5 H1 2013 Financial Results Jean-Baptiste de Chatillon CFO and Member of the Managing Board Group results ► H1 2013 Group ROI at -€65M and Group Net income at -€426M In million euros H1 2012 * H1 2013 Revenues 28,809 27,710 Recurring operating income ** (51) (65) % of revenues -0.2% -0.2% Non–recurring operating income (420) 30 and (expenses) Operating income (471) (35) Net financial income (expenses) ** (268) (246) Income taxes ** (90) (211) Share in net earnings of companies at equity 47 96 Consolidated net income/(loss) (744) (398) Net income, Group share (818) (426) Earnings per share (in euros) (2.72) (1.25) * Gefco: restated with IFRS 5 compliance, Gefco held as discontinued activites ** IAS 19R: H1 2012 restated €8M on Group ROI o/w €5M on Automotive Division ROI First Half Results 2013 – July 31st, 2013 7 Recurring operating income by division ► Negative European environment impacting all activities In million euros ** H1 2012 * % margin H1 2013 % margin Automotive (657) -3.3% (510) -2.7% Faurecia 304 3.5% 256 2.8% Banque PSA Finance 271 - 205 - Others businesses 31 - (16) - and eliminations PSA Peugeot Citroën (51) -0.2% (65) -0.2% * Gefco: restated with IFRS 5 compliance, Gefco held as discontinued activites ** IAS 19R: H1 2012 restated €8M on Group ROI o/w €5M on Automotive Division ROI First Half Results 2013 – July 31st, 2013 8 Automotive: worldwide unit sales * ► Decline in Europe sales compensated by volumes increase in China, Argentina and Mediterranean basin ► Globalization: volumes outside Europe up to 41% in H1 2013 vs 34% in H1 2012 (ex CKDs) Q1 Q2 In thousands units H1 2012 H1 2013 ∆ 2013/12 2013/12 Europe 980 -16.9% -9.1% 855 -12.8% Russia 41 -26.6% -18.7% 32 -22.0% Latin America 122 24.9% 16.4% 146 19.7% Rest of the world 124 35.4% 8.7% 149 20.2% Assembled vehicles 1,267 -8.9% -5.0% 1,182 -6.7% (excluding China) China 209 31.1% 35.1% 278 33.0% Total assembled vehicles 1,476 -2.5% 0.2% 1,460 -1.1% * Deliveries of CKD Iran suspended since Feb. 2012 First Half Results 2013 – July 31st, 2013 9 Market trends ► Unfavorable country mix in Europe Cars and light commercial vehicles – market evolution ∆ vs. previous year H1 2012 H1 2013 H1 2012 H1 2013 Europe 30 -7% -7% China * +7% +16% Italy -21% -11% France -13% -11% Latin America ** +2% +6% Spain -10% -5% Russia +14% -6% UK +1% +10% Germany +1% -8% * Passengers vehicles on invoices market w/o imports ** Brazil, Argentina, Chile, Mexico First Half Results 2013 – July 31st, 2013 10 Automotive: market share ► Europe: 0.7pt drop reflecting partly unfavorable country and channel mix, and Citroën C3 disruption on H1 ► China: 3,8% market share, outperforming market growth ► LCV: European leadership with 21% market share, in a market -6.5% in H1 2013 Cars and light commercial vehicles – market share 12.9% 12.3% 12.2% 5.0% 5.1% 3.8% 3.4% 2.8% 2.4% H1 2012 H1 2013 H1 2013 H1 2012 H1 2013 H1 2012 H1 2013 H1 2012 H1 2013 iso H1 2012 market Europe China * Latin America Russia * Passengers vehicles on invoices market First Half Results 2013 – July 31st, 2013 11 Automotive: new car revenue analysis ► Unfavorable European context weighting on volumes In million euros 14,778 Volumes Country Product Price mix mix FX Others * 13,174 -7.4% -0.5% -0.5% +0.8% -2.3% -0.9% New car revenues -10.9% New car revenues H1 2012 H1 2013 * CKD, accounting treatment of buy back commitment, short term rental First Half Results 2013 – July 31st, 2013 12 Automotive: recurring operating income * ► Operating environment: Headwinds in market and Forex ► Performance boosted by product mix enhancement and production and procurement In million euros Fixed Production & marketing R&D *** Others & procurement cost Market demand Input costs o.w. Price +7 +82* (64) (510) (+24) Product & product Market (657) ** Raw Mat. Forex mix enrichment & other share (197) (86)* (67) (113) +186 (99) +498* H1 2012 H1 2013 Operating environment Performance (396) +543 * IAS 36 on Automotive division impact: +€309M on H1 2013 registered on Production & procurement and R&D and input costs ** IAS 19R: H1 2012 restated +€5M on Automotive Division ROI *** R&D €82M o/w +€154M in gross R&D and -€207M from higher amortization and lower activation rate First Half Results 2013 – July 31st, 2013 13 Banque PSA Finance ► Successful launch of Distingo after 4 months: more than €780M outstanding in June ► €7bn State guarantee for new bond issues: approval granted by EC on July 30th ► Strong development in insurance and services, with a level of risk well contained In million euros H1 2012 H1 2013 ∆ Revenues 979 888 -9.3% Net banking revenue 542 458 -15.5% Cost of risk (in % of average loans) 0.65% 0.55% Recurring operating income 271 205 -24.4% Penetration rate 28.1% 28.4% +0.3pt Number of new contracts 413,531 375,820 -9.1% (lease and financing) Total outstanding loans * 24.7bn 22.3bn -9.8% * End of period First Half Results 2013 – July 31st, 2013 14 Faurecia ► ROI of €256M reflecting tough European markets but increase of sales outside Europe ► Cash flow generation improving and net debt reduced In million euros H1 2012 H1 2013 ∆ Revenues 8,765 9,265 500 Recurring operating income 304 256 (48) % of revenues 3.5% 2.8% Non–recurring operating income and (expenses) (37) (41) (4) Operating income 266 215 (51) Net financial income (expenses) (89) 35 Consolidated net income for the period 142 60 (82) % of revenues 1.6% 0.6% Free Cash Flow (205) 73 Net financial position * (1,643) (1,853) * End of period First Half Results 2013 – July 31st, 2013 15 Inventories ► H1 2013 inventories down 32k vehicles vs H1 2012 and 72 days of sales ► Inventories under control, in line with objectives In thousands of new vehicles * 545 468 436 308 225 216 237 243 220 30.06.11 30.06.12 30.06.13 Group inventory Independent dealership inventory * World figures, based on forward 3 months delivery expectations, excluding China First Half Results 2013 – July 31st, 2013 16 More focused investments and leverage scale ► Minimum €600M reduction in CAPEX & capitalized R&D confirmed in 2013 ► 2011 and 2012 CAPEX peak with capacity expansion outside Europe and EB engine development In million euros c. -€764M in Capex & Cap. R&D 1,994 1,230 1,660 1,686 1,201 H1 2009 H1 2010 H1 2011 H1 2012 H1 2013 Group CAPEX and R&D Auto CAPEX and R&D Faurecia First Half Results 2013 – July 31st, 2013 17 Cash flow analysis ► Operational Free cash flow ex. restructuring & exceptional: €203M, of which €73M for Automotive division * and €130M for Faurecia In million euros Change in working capital: +253 Other Capex change & Capitalized Cash Trade in WCR R&D Flow Restructuring Trade payables Inventories receivables Net dividends +159 Financial invt. (177) (165) received ** Others (CAPSA…) +894 (3,148) (727) +986 (122) (3,321) (1,230) +286 Industrial (77) o/w Faurecia Industrial & Commercial (373) & Commercial net debt net debt 31.12.2012 30.06.2013 o/w Faurecia Free Cash Flow (51) o/w Faurecia (1,892) (1,853) * Industrial and commercial, excluding Faurecia ** From Group companies First Half Results 2013 – July 31st, 2013 18 Financial security ► Financial security reinforced to €11.8bn In million euros End 2011 End 2012 H1 2013 Cash and cash equivalents 5,190 5,421 8,070 Current & non current financial assets 1,300 1,903 489 Total 6,490 7,324 8,559 Back-up facility (undrawn) – excluding Faurecia 2,400 2,400 2,400 Back-up facility (undrawn) – Faurecia 660 850 800 Total financial security 9,550 10,574 11,759 Net debt position 3,359 3,148 3,321 Total equity 14,364 10,167 * 9,559 Gearing 23% 31% 35% * IAS 19R restated First Half Results 2013 – July 31st, 2013 19 Financial structure & financing targets ► €1bn bond issue with 5 year maturity successfully realized on February 28th ► Next bond redemption in October ► Average maturity of 3.9 years at end of H1 ► EIB agreement
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