2008 Registration Document

2008 REGISTRATION DOCUMENT 2008 Registration Document The original French version of this Registration Document, which contains all of the information in the report of the Managing Board, was fi led with the Autorité des Marchés Financiers on April 24 , 2009, in accordance with the provisions of Articles 212-13 of the General Regulation of the AMF. It may be used in connection with a fi nancial transaction in conjunction with an Information Memorandum approved by the Autorité des Marchés Financiers. It contains all of the information concerning the Annual Financial Report. PSA PEUGEOT CITROËN 2008 Registration document 1 CONTENTS 1 PERSONS RESPONSIBLE 5 9 OPERATING AND FINANCIAL REVIEW 85 Person responsible for the 2008 Registration Document 6 9.1 Consolidated Financial Condition 86 Statement by the Person Responsible 9.2 Group Operating Results for 2007 and 2008 87 for the 2008 Registration Document 6 9.3 Other Income Statement Items 92 Person Responsible for Financial Information 6 10 CASH AND CAPITAL RESOURCES 95 2 STATUTORY AUDITORS 7 10.1 Information on the Group’s Capital Resources 96 Auditors 8 10.2 Sources, Amounts and Description of consolidated Cash Flows 97 10.3 Liquidity and Funding 99 3 SELECTED FINANCIAL INFORMATION 9 10.4 Information on Any Restrictions on the Use of Capital Consolidated Statements of Income 10 Resources 101 Consolidated Balance Sheets 10 10.5 Information on Anticipated Sources of Funds Needed Consolidated Statements of Cash Flows 12 to Fulfi ll Commitments 101 4 RISK FACTORS 15 11 CAPITAL EXPENDITURE AND RESEARCH 4.1 Issuer Risks 16 & DEVELOPMENT 103 4.2 Risk Management 24 4.3 Risk Coverage - Insurance 26 12 TREND INFORMATION 107 12.1 Trend Information 108 5 INFORMATION ABOUT THE COMPANY 27 12.2 First-quarter 2009 sales and revenues 109 5.1 History and Development of the Company 28 5.2 Capital Expenditure 29 FORECASTS OR ESTIMATES OF PROFITS 111 5.3 Sustainable Development 30 13 ADMINISTRATIVE, MANAGEMENT BUSINESS OVERVIEW 55 14 6 AND SUPERVISORY BODIES 113 6.1 Automobile Division 56 14.1 Information about the administrative, management 6.2 Faurecia 69 or supervisory bodies 114 6.3 Gefco 70 14.2 Confl icts of interest concerning Supervisory Board 6.4 Banque PSA Finance 72 or Managing Board Members 121 6.5 Peugeot Motocycles (PMTC) 73 14.3 Organisation and Operating Procedures of the Supervisory Board 122 14.4 Supervisory Board Committees 123 7 ORGANISATIONAL STRUCTURE 75 7.1 The Group 76 7.2 Subsidiaries and equity holdings of the Company 78 15 REMUNERATION AND BENEFITS OF CORPORATE OFFICERS 127 15.1 Managing Board Compensation 128 8 PROPERTY, PLANT AND EQUIPMENT 81 15.2 Supervisory Board Compensation 130 8.1 Signifi cant or planned tangible assets 82 15.3 Paid Fees and Compensations 130 8.2 Environmental Restrictions that Could Infl uence Use of These Assets by PSA PEUGEOT CITROËN 84 2 PSA PEUGEOT CITROËN 2008 Registration document 16 BOARD PRACTICES 139 21 ADDITIONAL INFORMATION 327 16.1 Terms of Offi ce of Directors and Senior Executives 140 21.1 Share Capital 328 16.2 Service Contracts Providing for Benefi ts upon 21.2 Memorandum and Articles of Association 334 Termination of Employment 140 21.3 Fees Paid to the Statutory Auditors in 2007 and 2008 336 16.3 Supervisory Board Committees 140 16.4 Compliance with Best Corporate Governance Practices 140 22 THIRD PARTY INFORMATION, 16.5 Other Signifi cant Corporate Governance Practices STATEMENTS BY EXPERTS AND and Internal Control Processes and Procedures 141 DECLARATIONS OF INTEREST 337 17 EMPLOYEES 153 23 PUBLICLY AVAILABLE DOCUMENTS 339 17.1 Corporate Social Responsibility 154 23.1 Documents Available on the Company’s Website 340 17.2 Stock Option Plans and FreeAllocation of Shares 176 23.2 Annual Documents Created Pursuant 17.3 Employee Shareholding 176 to Article 222-7 of the General Regulations of the Autorité des Marchés Financiers 341 18 MAJOR STOCKHOLDERS 177 18.1 Capital and Voting Rights Structure 24 INFORMATION ON SHAREHOLDINGS 343 at December 31, 2008 178 18.2 Different Voting Rights 179 CROSS-REFERENCE TABLE 345 18.3 Ownership and Control of the Company’s Share Capital 180 18.4 Change of Ownership 180 19 TRANSACTIONS WITH RELATED PARTIES 181 Statutory Auditors’ Special Report on related party agreements and commitments 182 20 FINANCIAL INFORMATION CONCERNING THE COMPANY’S ASSETS AND LIABILITIES, FINANCIAL POSITION AND PROFITS AND LOSSES 185 20.1 Historical Financial Information 186 20.2 Pro forma Financial Information 186 20.3 Consolidated Financial Statements for the Year Ended December 31, 2008 187 20.4 Financial Statements of Peugeot S.A. for the Year Ended December 31, 2008 298 20.5 Auditing of Historical Annual Financial Information 325 20.6 Age of Latest Financial Information 325 20.7 Interim and Other Financial Information 325 20.8 Dividend Policy 326 20.9 Legal and Arbitration Proceedings 326 20.10 Signifi cant Change in the Company’s Financial or Trading Position 326 PSA PEUGEOT CITROËN 2008 Registration document 3 4 PSA PEUGEOT CITROËN 2008 Registration document < CONTENTS > 1 2 1 PERSONS RESPONSIBLE 3 TITRE 1 4 5 6 7 8 9 10 Person responsible for the 2008 Person Responsible for Financial Information 6 Registration Document 6 11 12 Statement by the Person Responsible for the 2008 Registration Document 6 13 14 15 16 17 18 19 20 21 22 23 24 PSA PEUGEOT CITROËN 2008 Registration document 5 < CONTENTS > 1 PERSONS RESPONSIBLE Person responsible for the 2008 Registration Document 1 2 Person responsible for the 2008 Registration Document 3 4 5 Roland Vardanega Chairman of the Peugeot S.A. Managing Board 6 7 Statement by the Person Responsible 8 for the 2008 Registration Document 9 10 I hereby declare that, having taken all reasonable care to ensure I have obtained a statement from the Statutory Auditors at the end that such is the case, the information contained in the Registration of their engagement affirming that they have read the whole of the 11 Document is, to the best of my knowledge, in accordance with the Registration Document and examined the information about the facts and contains no omission likely to affect its import. financial position and the historical accounts contained therein. 12 I hereby declare that, to the best of my knowledge, i) the financial The Statutory Auditors’ reports on the consolidated and parent statements have been prepared in accordance with applicable company financial statements for the year ended 31 December 13 accounting standards and give a true and fair view of the assets 2008 are presented in sections 20.3.1 and 20.3.4, respectively. In and liabilities, financial position and results of Peugeot S.A. and accordance with the law, section 20.3.1 mentions the change in of the companies in the consolidated group, and ii) the report of the presentation of the income statement described in Note 2 to 14 the Managing Board, whose contents are described on page 346, the consolidated financial statements. In accordance with the law, presents a true and fair view of the business development, results section 20.4.1 mentions the impact of the first-time application on and financial position of Peugeot S.A. and the companies in the 1 January 2008 of standard CRC 2008-15 governing stock option 15 consolidated group, together with a description of the main risks plans, as described in note 1J to the parent company financial and uncertainties they face. statements. 16 Roland Vardanega Chairman of the Peugeot S.A. Managing Board 17 18 19 Person Responsible for Financial Information 20 James Palmer 21 Investor Relations Officer Phone: +33 (0)1 40 66 54 59 22 23 24 6 PSA PEUGEOT CITROËN 2008 Registration document < CONTENTS > 1 2 2 STATUTORY AUDITORS 3 TITRE 1 4 5 6 7 8 9 10 Auditors 8 Statutory Auditors 8 11 Substitute Auditors 8 12 13 14 15 16 17 18 19 20 21 22 23 24 PSA PEUGEOT CITROËN 2008 Registration document 7 < CONTENTS > 2 STATUTORY AUDITORS Auditors 1 2 Auditors 3 § Statutory Auditors 4 5 PricewaterhouseCoopers Audit Mazars 6 (Member of the Compagnie régionale des Commissaires aux (Member of the Compagnie régionale des Commissaires aux comptes de Versailles) comptes de Versailles) 7 Pierre Riou Loïc Wallaert 63, rue de Villiers Le Vinci 92200 Neuilly-sur-Seine 61, rue Henri Regnault 8 92400 Courbevoie First appointed: at the Annual Stockholders’ Meeting of May 28, 2003. First appointed: at the Annual Stockholders’ Meeting of 9 May 25, 2005. Appointment ends: at Annual Stockholders’ Meeting called to approve the 2010 financial statements. Appointment ends: at Annual Stockholders’ Meeting called to 10 approve the 2010 financial statements. 11 12 § Substitute Auditors 13 Yves Nicolas Patrick de Cambourg 14 63, rue de Villiers 61, rue Henri-Regnault 92200 Neuilly-sur-Seine 92400 Courbevoie 15 First appointed: at the Annual Stockholders’ Meeting of First appointed: at the Annual Stockholders’ Meeting of May 28, 2003. May 25, 2005. 16 Appointment ends: at Annual Stockholders’ Meeting called to Appointment ends: at Annual Stockholders’ Meeting called to approve the 2010 financial statements. approve the 2010 financial statements. 17 18 19 20 21 22 23 24 8 PSA PEUGEOT CITROËN 2008 Registration document < CONTENTS > 1 SELECTED FINANCIAL 2 3 INFORMATION 3 TITRE 1 4 5 6 7 8 9 10 Consolidated Statements of Income 10 Consolidated Statements of Cash Flows 12 11 Consolidated Balance Sheets 10 12 13 14 15 16 17 18 19 20 21 22 23 24 PSA PEUGEOT CITROËN 2008 Registration document 9 < CONTENTS > 3 SELECTED FINANCIAL INFORMATION 1 2 Consolidated Statements of Income 3 4 2008 Manufacturing 5 and sales (in million euros)

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