2019 FY RESULTS 26 February 2020 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 Groupe PSA may be obtained on the Group website (www.groupe-psa.com), under Regulated Information. 2 PUSH TO PASS NEW PROFITABILITY RECORD IN 2019 PCD 8.4% 7.3% 6.0% Automotive Adjusted Operating Margin* 5.0% 8.5% 0.2% 7.6% 5.9% >4.5% 2013 2014 2015 2016 2017 2018 average -2.8% 4.7% 2017 2018 2019 2021 -2.5% OV Actual figures Push to Pass 2017 2018 Targets * Adjusted Operating Income related to revenue, including OV since August 1st 2017 3 208Opel RALLY4 Corsa e-Rally A RESPONSIBLE COMPANY COMMITTED TO TACKLE CLIMATE CHANGE Targets approved by SBTi (1) as consistent Real Estate streamlining (2) with the Paris Climate Agreement -5.2% CO2 (-23,000 tonnes) -6% m2 (-800,000 m2) 2018 2019 Steering a clean, safe and affordable mobility CDP (3) « A-List » since 2016: Groupe PSA recognized as leader of low carbon transition Global CSR performance: Groupe PSA recognized by 9 Awards o/w 3 sector leaders (4) (1) by the Science Based Targets Initiative on November 14th 2019 (2) built square meters of all sites of Groupe PSA perimeter (3) The Carbon Disclosure Project (4) DJSI, ISS-oekom & EURONEXT VIGEO EIRIS 4 . POWER IS INSIDE SHARED VALUES Win together Agility Efficiency 45 TREMERY – e-Powertrain line FINANCIAL RESULTS FINANCIAL RESULTS RECORD NET INCOME GROUP SHARE In million Euros 2018 2019 Change Revenue 74,027 74,731 704 Adjusted Operating Income 5,689 6,324 635 % of revenue 7.7% 8.5% Restructuring costs (1,051) (1,531) (480) Other operating income & expenses (238) (125) 113 Operating income 4,400 4,668 268 Net financial income (expenses) (446) (344) 102 Income taxes (615) (716) (101) Share in net earnings of companies at equity* (44) (24) 20 Consolidated net income 3,295 3,584 289 Net income, Group Share 2,827 3,201 374 7 * See detail in attachments REVENUE +1.0%: GROUP REVENUE In million Euros Group Automotive division Faurecia 74,027 74,731 58,943 58,553 +1.0% +0.7% 17,525 17,768 +1.4% 2018 2019 2018 2019 2018 2019 8 AUTOMOTIVE REVENUE ANALYSIS STRONG PRODUCT MIX In million Euros Volume & Product Sales to FX Price Others Country Mix Mix Partners -0.5 % -2.4 % +1.2 % +4.3 % -1.7 % -0.2 % 58,943 58,553 Variation: +0.7% 2018 2019 9 CONSOLIDATED WORLDWIDE SALES (1) GROUPE PSA SALES AT 3.5 M UNITS In thousands units -10.3% -2.8% -43.7% -55.4% -22.5% +0.6% +2.3% -6.8% w/o Iran +11.0% w/o Iran 3,878 3,479 3,106 3,020 2018 2019 292 164 263 117 175 136 26 27 15 16 Total Consolidated Europe Middle-East China & Latin India & Eurasia Worldwide Sales & Africa (2) SE Asia America Pacific (1) Assembled Vehicles, CKDs and vehicles under license (2) Including 144 kunits sold in 2018 under Peugeot License by Iran Khodro 10 GROUP ADJUSTED OPERATING INCOME & MARGIN +11.2%: ROBUST GROWTH In million Euros and as % of revenue Group* Automotive Division Faurecia 6,324 5,689 5,037 8.5% 4,466 +11.2% MARGIN* 8.5% +12.8% MARGIN 7.7% 7.6% MARGIN MARGIN 1,263 1,227 7.2% -2.9% 6.9% MARGIN MARGIN 2018 2019 2018 2019 2018 2019 * Breakdown in attachment 11 AUTOMOTIVE ADJUSTED OPERATING INCOME +12.8%: STRONG PERFORMANCE In million Euros Price Market Production Forex Product Market Input & Product Share & & SG&A R&D Others & Other Mix Demand Costs Enrichment Country Procurement Expenses Mix (42) (201) (243) +102 +818 (253) +352 +188 (159) +9 5,037 4,466 Operating Performance: +1,057 Environment: (486) 2018 2019 Variation: +12.8% 12 BANQUE PSA FINANCE RECORD CONTRIBUTION OF BANQUE PSA In million Euros Adjusted Penetration Rate Cost of Risk* Operating Income 100% basis 1,012 939 29.7% +7.8% 29.1% 0.21% 0.13% +0.6 pt +0.08 pt 2018 2019 2018 2019 2018 2019 * In % average loans 13 AUTO NET FINANCIAL POSITION (1) +€3,265M AUTO FREE CASH FLOW In million Euros Auto Auto Auto Net Financial Net Financial Net Financial Position Position Position after IFRS16 +10,606 +9,643 +8,871 -772 IFRS16 effect Change Capex & Exceptional Cash Flow Restructuring (2) in WCR Capitalised R&D Capex BPF dividends Other +6,543 (966) +1,141 (3,579) +29 +97 (1,530) End 2018 End 2019 Auto Free cash flow +€3,265M (1) Auto: PCDOV + Holding (2) Including dividends to Group shareholders (-€697M) and DFG share repurchase debt (€667M) 14 GROUP NET FINANCIAL POSITION (NFP) (1) IMPROVING NFP INCLUDING CLARION ACQUISITION In million Euros Group Group Group Net Financial Net Financial Net Financial Position Position Position after IFRS16 +9,098 +7,914 +7,600 -1,498 IFRS16 effect Change Capex & Exceptional BPF dividends Other (3) Cash Flow Restructuring in WCR Capitalised R&D Capex (2) +8,545 (1,161) +1,173 (5,008) (901) +97 (2,431) End 2018 End 2019 Group Free cash flow +€2,745M (1) Manufacturing and Sales Companies (2) Including acquisition of Clarion (-€969M) by Faurecia (3) Including dividends to Group shareholders (-€697M), dividends to minority interests (-€133M), Clarion debt situation (-€240M), new Ieasing debt under IFRS16 (-€420M) and DFG 15 share repurchase debt (€667M) INVENTORIES AT TARGET LEVEL In thousands of new vehicles (1) Automotive division inventories 680 606 Group inventory 164 112 Independent dealers inventory (2) 516 494 2018 2019 (1) World figures excluding JV (China and Iran) 16 (2) Including Peugeot importers inventory outside Europe OUTLOOK 2020 Market Outlook (1) Operational Outlook EUROPE CHINA -3% ? Deliver over 4.5% Automotive Adjusted Operating Margin (2) on average in 2019-2021 LATIN AMERICA RUSSIA stable -2% (1) Market forecasts based on internal sources (PC+LCV) ; for China, passenger cars only and excluding imports ; Latin America = Argentina + Brazil + Chile + Mexico 17 (2) Automotive division Adjusted Operating Income related to Revenue PUSH TO PASS HIGHLIGHTS 19 A GREAT CAR MAKER CUTTING EDGE EFFICIENCY CORE MODEL QUALITY & TECHNO BRAND CORE NEW FIRST STRATEGY POWER EFFICIENCY FRONTIERS 20 QUALITY FIRST ALWAYS TARGET Nº 1 IN CUSTOMER SATISFACTION Product manufacturing Sales customer satisfaction Aftersales customer satisfaction -3 -4 benchmark -7 benchmark -10 benchmark -14 -13 2018 2019 2021 2018 2019 2021 2018 2019 2021 Gap Industrial Direct run ratio Gap Sales customer recommendation Gap Aftersales customer recommendation vs benchmark vs benchmark vs benchmark In Europe (G5): Top 3 for Sales customer satisfaction, Top 5 in Aftersales satisfaction* In Europe (G5), Product Overall Satisfaction* : Peugeot brand ranked N°2 and DS brand N°3 in their categories Peugeot 3008 N°1 and Citroën C5 Aircross N°3 in their categories Continuous regional convergence: in Brazil, Top 3 in customer satisfaction (Sales & Aftersales)* * Source: rankings based on internal benchmarking monitoring 21 CO2 EUROPE REGULATION CO2 DRIVEN COMPANY AS A COMPETITIVE EDGE ICE vehicles CO2 emissions* CO2 2020 Compliance from Day 1* PC = -11.3 g/km LCV = -5.7 g/km Passenger Cars • ICE CO2: on track • LEV mix: on track 141.9 g 136.2 g Light Commercial55 Vehicles 116.9 g 105.6 g • Achieved 1 year in advance Dec 2018 Dec 2019 Dec 2018 Dec 2019 CO2 Committee as a strong enabler for compliance from Day 1 A matter of ethics based on a relevant Core model & Core techno strategy Continued ICE upgrades and state-of-the-art multi-energy platforms and technology With 10 electrified models on sale Peugeot e-208 * Registrations on Europe CO regulation perimeter (30 countries) as per internal data 2 22 e-MOBILITY A CUSTOMER CENTRIC APPROACH Active Car Casual Commuter Pool car Big Mileage Metropolitan Dependant Traveller User B2C B2C B2C B2B B2C B2B Maximum Range needs Low Medium High Main City & Country Side Highway usage Powertrain compatibility BEV PHEV ICE Proposing the right offer according to usage and requirements of customers An ecosystem of connected services to simplify and optimize the shift to electro mobility Charge My Car (access to 150,000 charging points in EU) + e-Remote Control + Mobility Pass TCO approach for hassle free transition for all customers through attractive financing Trip Planner service 23 e-CMP e-MOBILITY IN CONTROL OF AN ELECTRIFIED FUTURE Vertical integration from e-components to battery of the future e-Motor e-Transmission Reduction gear Battery pack Battery cells NIDEC – PSA PUNCH POWERTRAIN - PSA SAFT – PSA / OPEL e-motors JV e-transmissions JV ACC* Project Design & Manufacturing Design & Manufacturing Design & Manufacturing In-house Assembly Design & Manufacturing Incremental approach to master technology and integrate in-house the whole value chain New e-components for BEV, PHEV and MHEV applications from 2022 Strategic move to create a leading player in battery cells & modules with ACC* project First customer fleet of fuel cell vans on the road in 2021 Solid-state battery * Automotive Cells Company 24 CORE EFFICIENCY TARGETING TO BE THE MOST EFFICIENT CARMAKER Production cost savings in Europe Wages to revenue ratio €/veh.