- UG-FR

INVESTOR PRESENTATION December, 2010

Investor Relations James Palmer + 33 1 40 66 54 59 [email protected] This presentation may contain forwardlooking statements. Such forwardlooking 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.psapeugeotcitroen.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 may be obtained on its Internet website (www.psapeugeotCitroën.com), under Regulated Information.

Investor update – December 2010 2 GROUP OVERVIEW PSA Peugeot Citroën

> Two powerful, distinct and complementary brands

• The company is listed on the NYSE and employs 196 000 employees worldwide. Market cap. approximately of €6bn • FY 2009 turnover of €48.4bn (9M 2010: €41.4bn , change 10/09: +17.3% ) • 3 188 000 vehicles sold worldwide in 2009 (2 664 000 vehicles in 9M 2010, change 10/09: +12.2% ) • ’s No. 2 vehicle manufacturer with market share of 13.8% in 2009 (14,3% in 9M 2010) and a worldwide market share of 5.1%

Investor update – December 2010 4 Group worldwide sales

WESTERN RUSSIA EUROPE WORLDWIDE +18.6% SALES 2 159 000 +5.4% 41 000 3 188 000 +12.2% 39 000 9M = 1 583 000 1 668 000 9M = 33 000 9M = 2 375 000 2 664 000 2009 9M 2010 2009 9M 2010 2009 9M 2010

CHINA

272 000 +39.9% LATIN AMERICA 232 000 263 000 +17.7% 9M = 188 000

205 000 9M = 174 000 2009 9M 2010

2009 9M 2010

Investor update – December 2010 5 PSA Peugeot Citroën – 200 years of history

DCAC set up Joint venture DPCA created with Dongfeng Motors to with Dongfeng Motors to expand assemble Citroën ZX cooperative production of Peugeot models in . and Citroën models in China Creation of “PeugeotFrères”. The Peugeot Citroën group The Peugeot is created by the merger of Creation of Joint PSA Peugeot Citroën Appointment of brothers convert Citroën SA and Peugeot SA, CREDIPAR; French production plant Philippe Varin as a grain mill into in which Peugeot takes over finance subsidiary of Porto Real production inaugurated in Kolin, Czech Chairman of the a steel foundry Citroën PSA plant inaugurated in Republic Managing Board

New Production plant inaugurated in Trnava,

1810 1896 1976 1978 1979 1992 1998 2001 2002 2005 2006 2008 2009

Armand Peugeot PSA Peugeot ECIA completes a friendly The cornerstone is founds the company Citroën acquires acquisition of equipment laid for the "Automobiles Peugeot" Europe manufacturer Bertrand Faure. plant in Russia and an to continue to produce The new company, named agreement is signed and trucks , is more than 50% with owned by PSA Peugeot Citroën. Corporation

Investor update – December 2010 6 The company has well established valuable cooperation

DIESEL ENGINES 16.5 million diesel engines produced since 1998

PETROL ENGINES More than 1.5 million units since 2006

Development of hybrid components for frontwheel HYBRID COMPONENTS drive vehicles

SUVs AND SUVs since 2005 and now electric vehicles ELECTRIC VEHICLES 75 000 Peugeot and Citroën SUVs produced

PETROL ENGINES Engines and mechanical subassemblies since 1966

COMPACT CITY CARS 1.5 million compact city cars produced since 2005

LIGHT COMMERCIAL Light commercial vehicles and MPVs VEHICLES AND MPVs 6.3 million vehicles produced since 1978

Investor update – December 2010 7 Nonautomotive activities

FINANCING & SERVICES TRANSPORT AND LOGISTICS

23.7% of H1 2010 Group’s recurring operating income 10.7% of H1 2010 Group’s recurring operating income

AUTOMOTIVE EQUIPMENT

Listed at Paris in the NYSE Euronext stock exchange

19% of H1 2010 Group’s recurring operating income

Investor update – December 2010 8 Ambitions and performance objectives

€3.3bn PERFORMANCE OUR AMBITIONS PLAN 20102012

A step ahead in pioneering vehicles & services 30% Sales & Marketing

A global player 15% High growth markets

An industry benchmark 55% Production, for operational efficiency Development & SG&A

Investor update – December 2010 9 CURRENT HIGHLIGHTS Key highlights YTD 2010

• Operating and financial performance restored

► Market trends better than expected

► Market share growth in Europe, Latin America and China

► 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 cooperations to support growth and generate development synergies

► Performance plan delivering operational excellence

Investor update – December 2010 11 Market trends

Cars and light commercial vehicles – Market

2010 FY Expectations 5% 2010 FY Expectations + c. 10% 2010 FY Expectations + c. 20%

Q1 2010 Q2 2010 10M 2010 Q1 2010 Q2 201010M 2010 Q1 2010 Q2 2010 10M 2010

+31.0% + 26.8% +22.9% + 15.1% + 10.9% + 9.3% +7.3%

- 5.6% - 3.9% Europe* Latin America China**

* Europe = EU + EFTA + Croatia ** Only cars

Investor update – December 2010 12 Market share growth Worldwide

2008 2009 10M 2010

> Increased market coverage > Success of new models

Europe 30

Q3 2009 Q3 2010 Q3 2009 Q3 2010 Q3 2009 Q3 2010 5.8% 5.2%

3.2% 3.4% 2.8% 3.0%

Russia Latin America China*

* Only cars

Investor update – December 2010 13 Group results

In million euros H1 2009 H1 2010 Variation Revenues 23 497 28 394 +20.8% Recurring operating income/(loss) (826) 1 137 % of revenues 3.5% 4.0% Non–recurring operating income and (expenses) (506) (69) Operating income/(loss) (1 332) 1 068 Net financial income (expenses) (226) (241) Income taxes 470 (227) Share in net earnings of equity affiliates 24 137 Consolidated net income/(loss) (1 064) 737 Net income/(loss), Group share (962) 680 Earning per share (in euros) (4.24) 3.00

Automotive recurring operating income: break even in H2 Group recurring operating income: > €1.5bn for the full year 2010

Investor update – December 2010 14 Strong Liquidity Position

> 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

Backup 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%

Net debt position at 31 st December expected at similar level

Investor update – December 2010 15 Solid financial structure

> 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 3 066 €2.4bn undrawn credit line maturing July 2013 1 735 1 551 1 075 Current ratings: 777 435 600 Moody’s: Baa3/Negative/P3 Standard and Poor’s: BB+/Stable/B

2011 2012 2013 2014 2015 2016 2033

Investor update – December 2010 16 NEW MODEL MOMENTUM New model momentum

2009

PEUGEOT 3008 CITROËN C3 Picasso

New CITROËN C3

Investor update – December 2010 18 New model momentum

2010 End of 2010 2011

PEUGEOT RCZ CITROËN DS3 New CITROËN C4 et 508SW

PEUGEOT 408 CITROËN C5 China PEUGEOT i0n CITROËN DS4

PEUGEOT Hoggar CITROËN Aircross CITROËN C Zero Hy4

Investor update – December 2010 19 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 – December 2010 21 CHINA China

Passenger equipment rate

800

Number of PC on the roads 700 135 000 000 PC

Italy 25 000 000 PC 600 Canada Switzerland UK Austria 500 Sweden Belgium Greece Japan USA Poland 400 Czech Rep

300 Malaysia

Sth Korea Russia 200 Romania Mexico Argentina Brazil South Africa 100 Turkey Iran CHINA Indonesia 0 0 1 000 000 2 000 000 3 000 000 4 000 000 5 000 000 6 000 000 7 000 000 8 000 000 2009 Passenger car market

Investor update – December 2010 23 China

Passenger cars in 2020 In thousands 30 000

25 000

20 000

15 000

10 000

5 000

0 A SIL UK N USA A INDIA IRAN CHINA JAPAN MANY ITALIA SPAIN RALIA BELUX RUSSIA BR R KOREA MEXICO UKRAIN T FRANCE CANADA S GENTI GE U MALAYSIA R A A

Source: PMT 29/10/2009

Investor update – December 2010 24 China

CHINESE EUROPEAN First time buyers 80% 13% Male ratio 83% 67% 2 person households 17% 52% Average number of persons per household 3.3 2.7 1 car per household 75% 38% Manager or above 53% 19% Average age 35 yrs 49 yrs Urban driver 89% 63%

Investor update – December 2010 25 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 – December 2010 26 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 • Capacity increased to 450 000 units with opening of 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 – December 2010 27 PSA Peugeot Citroën in China Locally produced Peugeot Cars

PEUGEOT 207

PEUGEOT 307 Hatchback Sedan

PEUGEOT 408 PEUGEOT 508 H2 2011

Investor update – December 2010 28 PSA Peugeot Citroën in China Locally produced Citroën Cars

CITROËN C2 Hatchback 1 0 2006 CITROËN Elysée Hatchback 03 2009 CITROËN Elysée Sedan 04 2008

CITROËN Xsara Picasso 04 2007 CITROËN Quatre Hatchback 09 2008 CITROËN Quatre Sedan 06 2009

CITROËN Triomphe 09 2006 CITROËN C5 11 2009

Investor update – December 2010 29 PSA Peugeot Citroën in China Imported cars

CITROËN C4 Coupé PEUGEOT 207 CC CC

CITROËN C4 Picasso SW PEUGEOT 308 SW

CITROËN C6 PEUGEOT 407 Coupé PEUGEOT 407

Investor update – December 2010 30 A global player: China

> Second JV with Chang’an to expand Chinese footprint

• 5050 JV, capitalised at RMB 4bn • Development of LCVs • Launch of Citroën DS line • Production capacity of 200k p.a. at • Final authorization expected early 2011

Investor update – December 2010 31 China

Develop China Tech Center > in Shanghai CITROËN Metropolis

•New product growth momentum •Develop environmental leadership

PEUGEOT 3008 Hybrid4 Managing Board member > based in Shangai

Investor update – December 2010 32 OTHER STRATEGIC DEVELOPMENTS Latin America and Russia

> Latin American development

• New model momentum: Peugeot Hoggar, Citroën Aircross PEUGEOT Hoggar • 3yrs 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 – December 2010 34 Core range models for high growth markets

Vehicles: Production: • Peugeot 408 Wuhan, China Palomar, Argentina

• Midsize sedan Vigo, Spain PEUGEOT 408 China & Latin America to follow

• “Global small” vehicle Under consideration

Investor update – December 2010 35 A STEP AHEAD 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 – December 2010 37 Design

PEUGEOT RCZ CITROËN DS3

PEUGEOT 508 CITROËN DS4

Investor update – December 2010 38 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 – December 2010 39 Electric cars & scooters

PEUGEOT iOn CITROËN CZero

PEUGEOT Evivacity Scooter CITROËN Berlingo Electric

Investor update – December 2010 40 Hybrid technologies

PEUGEOT 3008 Hy4

PEUGEOT 508 CITROËN DS5 Hy4

Investor update – December 2010 41 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 – December 2010 42 OPERATIONAL EXCELLENCE 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 – December 2010 44 Performance Plan delivery

> €3.3bn Performance Plan 20102012

€1.1bn 30% Sales & Marketing €854m at 30.06.10

15% High growth markets

Production, 55% Development & SG&A 2010 2011 2012

Investor update – December 2010 45 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 – December 2010 46 APPENDIX I INDUSTRIAL STRATEGY Plant locations

Automobile manufacturing plants Mechanical component plants and foundries * Jointventures

Paris region Douvrin * Valenciennes Hordain (Selvenord *)

CharlevilleMézières SaintOuen Trémery Russia Caen Aulnay Czech Kaluga * sousBois Vesoul Rennes Mulhouse Republic Sochaux SeptFons Kolin * Trnava Slovakia Vigo Bursa China Val di Sangro Xiangfan * (Selvelsud *) Wuhan * Mangualde

Brazil

Porto Real Jeppener Buenos Aires Argentina

Investor update – December 2010 48 Efficiency improvement to date

> Surface downsizing > European capacity

Square meters Million

4 500 000 4 400 000 4 300 000 12% 4 200 000 2.8 10% 4 100 000 2.6 4 000 000 3 900 000 2.4 3 800 000

3 700 000 2.2 3 600 000 3 500 000 2007 2008 2009 2010 2007 2008 2009 2010

Investor update – December 2010 49 Efficiency improvement to date in Europe

> Non producing workforce > Hours per vehicle

Base 100

25 000 White collar headcount 110 at end of the year 108

21 000 106 21 000 34% 8% 104 18 800 102 17 000 16 400 100 14 500 13 900 98

13 000 96 2007 2008 2009 2010 2007 2008 2009 2010

Investor update – December 2010 50 Capacity utilisation, manufacturing productivity

Performance Plan: operational KPI

Increase capacity utilisation in Europe from 81% in 2008 to 105% by 2012*

Reduce production hours per vehicle by 20%

* Hourly capacity x 16 hours x 235 days

Investor update – December 2010 51 Increase capacity utilisation in Europe

> Capacity utilisation, Harbour index*

105%

Est. 89%

81%

2009 2010 2011 2012

* Hourly capacity x 16 hours x 235 days

Investor update – December 2010 52 Surface downsizing

Square meters 3.9 millions

7% 3.6 millions

2010 2012

Investor update – December 2010 53 Industrial process lead time optimisation

Base 100 100

10% 90

2010 2012

Investor update – December 2010 54 Energy reduction

Base 100

100

22% 78

2009 2012

Investor update – December 2010 55 Industrial quality improvement

“Right first time”

Base 100

125

100 +25%

2009 2012

Investor update – December 2010 56 Safety performance

Lost time incident frequency rate (LTIF)

5 4.6 4,5

4

3,5

3 Divided by 3

2,5

2 1.5 1,5

1

0,5

0 2009 2012

Investor update – December 2010 57 Workforce flexibility and Industrial relations

• Wellestablished workforce flexibility

► New enhanced agreement in September 2010

► Flexible night shift

• Manpower planning

• Upgrading competence & skills

Investor update – December 2010 58 Reducing HPV

Hours per vehicle

Base 100 100

20% 80

2009 2012

Investor update – December 2010 59 APPENDIX II POISSY PLANT CASE STUDY History of Poissy Production

Construction of the Poissy joins Industrial surfaces 1st Poissy Plant PSA Peugeot downsizing started by FORD Citroën Group

1938 1958 1978 1996  2004 2008

Launching of the new « Great Poissy Plant » Complete renewal of by (including stamping, production process welding and mechanical workshops)

Investor update – December 2010 61 Poissy « mother plant » for « Bsegment »

> 2010 Poissy is one of the 8* PSA Peugeot Citroën’s plants dedicated to the production of « Bsegment » models

PEUGEOT 207 SW PEUGEOT 207 CITROËN DS3 CITROËN New C3

> 1 220 vehicles/day (2 shifts on each production line) > 4 500 employees > 1 500 apprentices and temporary workers

* Aulnay, Buenos Aires, Madrid, Mulhouse, Porto Real, Trnava, Wuhan

Investor update – December 2010 62 Poissy’s process key facts

> Stamping shop > Welding shop > Paint shop > Assembly lines • One of the five • Laser geometrical • Using water based • Quality guaranteed stamping shops quality control after colours. The 1 st by autocontrol alert of the Group each stage (platform, compact process system available bodyshell, body among PSA Group for each operator • Daily production: in white) (without priming) (Andon) 121 000 parts of which 60% shipped • 100% of welding • European • Final quality to others PSA plants points are performed benchmark for checking line by robots solvents emissions (1 500 controls points within • Production of two 45 minutes) tone vehicles

Investor update – December 2010 63 Description of the downsizing process of the industrial surfaces

JANUARY 2009 LLooggiissttiicc ssemmbbllyy lliinneess bly lliinneess AAsse hop AAsssseemmbly SSttaammppiinngg sshop

5 3 2 1 Paintt sshhoopp op Pain WWeellddiinngg sshhop 6

4

Investor update – December 2010 64 Description of the downsizing process of the industrial surfaces

2013 ssemmbbllyy lliinneess bly lliinneess AAsse hop AAsssseemmbly SSttaammppiinngg sshop

3 2 1 Paintt sshhoopp op Pain WWeellddiinngg sshhop

4

ALL THE PRODUCTION PROCESS CONCENTRATED INTO 4 BUILDINGS

Investor update – December 2010 65 Benefits of downsizing

2010 2013

Process surfaces (sqm) 600 000 500 000

Lead time (in hours) 25 20

Energy (in kWh/vehicles) 1 250 1 000 Cost improvement of 100 75 207 successor vs. actual 207 (base 100)

Investor update – December 2010 66 APPENDIX III Q3 2010 REVENUES ANALYSIS Q3 2010 key highlights

• Consolidated revenues up 10.3% vs Q32009 ( +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 – December 2010 68 Q3 and 9 month revenues

Change like for Change like for In million euros Q3 09 Q310 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 intracompany (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 – December 2010 69 Automotive: Worldwide unit sales

Assembled vehicles and CKD units

Change Change In K units Q3 09 Q310 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 – December 2010 70 New car revenue analysis

In million euros

Volumes Price Product Country FX Others mix mix

+ 3.5% 5.5% 0.3% 6 881 1.8% + 5.8% 6 898 1.5%

+ 0.2%

New car New car revenues revenues

Q309 Q310

Investor update – December 2010 71 New car revenue analysis

Volumes Price Product Country FX Others mix mix + 2.7% 4.7% + 5.1% 0.0% In million euros 22 718 + 8.6% 1.8%

20 678

+ 9.9%

New car New car revenues revenues

9M09 9M10

Investor update – December 2010 72 Inventory

In thousands of new vehicles

92 days

Inventory rotation 61 days 62 days Total 53 days

Group inventory Independent dealership inventory

Investor update – December 2010 73 APPENDIX IV 2010 FIRST HALF RESULTS Highlights of the 2010 first half results

• Revenues up 20.8% to €28.4bn • Strong recovery in Group recurring operating income: €1 137m (margin of 4%) versus loss of €826m in H1 2009 • Significant turnaround in automotive profitability: recurring operating income of €525m (margin of 2.5%) , versus loss of €904m in H1 2009, on the back of market share gains and the Performance Plan • Market share rises to 14.5% from 13.7% in Europe, driven by successful new models • Net Income, Group share of €680m , versus loss of €962m in H1 2009 • Free Cash Flow of €341m , net debt of €1 732m versus €1,993m at the end of 2009

Investor update – December 2010 75 Group margin performance

> Group: Strong recovery > Automotive: Return to positive margin

Group and Automotive recurring operating margin %

4.4% Group 3.4% 4.0% 2.0% 3.0% 2.5% 3.3% 1.0% 0.5% 2.0% 1.9% Automotive 0.6% 3.5% 0.5% 1.8% 4.8%

2004 2005 2006 2007 2008 H1 2009 H2 2009 H1 2010

Investor update – December 2010 76 Automotive recurring operating income

> Delivery on Performance Plan in line with €1.1bn target for 2010

In million euros Production & Others 525 procurement R&D (1) +45

Warranty, SG&A, H1 2009 Market fixed costs, own network share H1 2010 +18 +534 Net price effect Volume Country Currency market & product Input +204 demand* mix costs +54 +101 (62) +90

(904) +446 Operating environment Performance * Including stock variations +575 +854

Investor update – December 2010 77 Faurecia

> Turnaround confirmed with margin of 3.2% vs 1.9% in H2 2009

In million euros H1 2009 H1 2010 Variation Revenues 4 380 6 826 55.8% Recurring operating income/(loss) (187) 217 % of revenues 4.3% 3.2% Non–recurring operating income (69) (2) and (expenses) Operating income/(loss) (256) 215 Net financial income (expenses) (97) (62) Consolidated income/(loss) for the period (361) 112 % of revenues 8.2% 1.6% Free Cash Flow (149) 257 Net financial position June 30, 2010 (1 467) (1 363)

Investor update – December 2010 78 GEFCO

> Strong pickup in activity > Solid margin of 7.1%

In million euros H1 2009 H1 2010 Variation Revenues 1 395 1 716 +23.0% PSA Peugeot Citroën 874 1 125 +28.7% Third parties 521 591 +13.4%

Recurring operating income 7 122

% of revenues 0.5% 7.1% Nonrecurring operating income (15) 1 and (expenses) Operating income/(loss) (8) 123

Investor update – December 2010 79 Banque PSA Finance

> Increase in net banking revenues > Benchmark cost of risk continues downward trend > More than €2.7bn of funding raised year to date

In million euros H1 2009 H1 2010 Variation

Net banking revenue 470 505 +7.4%

Revenues 915 919 +0.4%

Cost of risk (in % of average loans) 0.53% 0.47%

Recurring operating income 244 269 +10.2%

Number of new contracts 449 463 435 041 3.2% (lease and financing) Total outstanding loans June 30, 2010 23.1bn 23.4bn +1.3% Banque PSA Finance rated Baa1 by Moody’s / BBB by S&P

Investor update – December 2010 80 Performance Plan delivery

> Sales & marketing (30%)

FY 2012 H1 2009 H1 2010 Target

Market share in Europe 13.7% 14.5%

B2B Market share in Europe 14.4% 15.1% 18%

CO 2/km: vehicles ≤ 120g/km 379 000 435 000 1 000 000

Service contracts (N°) 157 000 225 000 500 000

Mu by Peugeot (N° of outlets) 4 pilots 20 250

Investor update – December 2010 81 Performance Plan delivery

> High growth markets (15%)

FY 2012 H1 2009 H1 2010 Target

China market coverage 33% 34% 40%

Latin America market coverage 41% 47% 57%

Russia market coverage 44% 51% 77%

Investor update – December 2010 82 Performance Plan delivery

> Production, development & SG&A (55%)

FY 2012 H1 2009 H1 2010 Target Capacity utilisation in Europe 66% 89% 105%

Hours per vehicle (2009 base 100) 4% 20%

Development productivity (2009 base 100) 10% 20% Repeat components 30% 39% 50%

Procurement by key suppliers 25% 35% 50%

Investor update – December 2010 83 APPENDIX V BANQUE PSA FINANCE BANQUE PSA FINANCE

• Whollyowned subsidiary of PSA Peugeot Citroën, established in 1982; building on a long experience of car financing since 1919 • Banking status in France since 1995 • Specialist auto finance company, comprehensive range of financial services: financing, insurance, warranty extension, maintenance contracts • Loan book : €23.4bn with 80% retail (incl. fleets) and 20% wholesale • Continuous high profitability: net banking revenue : €944m, recurring operating income of €498m in 2009 and a benchmark cost of risk of 0.47% • High quality balance sheet with Basel II ratio of 13.8% as of December 2009 • Rated Baa1/BBB (negative/stable) or two notches above Peugeot S.A. • Highly successful track record in the Eurobond market

Investor update – December 2010 85 Financing policy 1/2

• Matching of maturities between assets and liabilities • Policy to secure a minimum 6 months of activity through cash and undrawn backup facilities • At June 30, 2010: €9.2bn of available liquidity • Strict independence from the Industrial and Commercial activities of PSA Peugeot Citroën • Diversification of funding sources

Asia 1.3% Bank facilities Benelux 3.8% USA 0.5% and longterm capital markets Others 0.3% issued in H1 2010 Nordic countries 4.1% Switzerland 7.4% Germany & Austria 23.5%

Spain & Portugal 9.2%

Italy 13.6% France 22.6%

UK & Ireland 13.7%

Investor update – December 2010 86 Financing policy 2/2 Diversification of funding sources

Sources of refinancing Capital markets In €m (except non-drawn confirmed In €m bank credit lines) June 09 Dec. 09 June 10 June 09 Dec. 09 June 10

Total assets 26 092 26 026 27 225 Longterm capital markets 5 084 6 047 7 107 o/w external refinancing 20 583 20 591 21 293 Shortterm capital markets 3 131 3 434 4 053 Total 8 215 9 481 11 160 11 160

9 481 8 091 8 215 6 466 5 416 5 256 4 517 3 179 4 557 4 277 3 845 2 854 3 038 3 367 2 471 3 385 2 565 2 190 2 286 2 256 2 009 2 141 1 148 1 199 990 567 631 641 0 Stockholder’s Other Bank Others* Capital Securitization CD CP Bonds + EMTN equity + liabilities facilities financing markets BMTN subordinated

External Shortterm Longterm refinancing * Including SFEF and ECB refinancing June 09 Dec. 09 June 10

Investor update – December 2010 87