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INTERNAL & PARTNERS 5acXjzUk Q1 2024 SALES APRIL 18, 2024
APRIL 18, 2024INTERNAL & PARTNERS
2024 Q1 Sales –April 18, 2024 2|
2024 Q1 Sales –April 18, 2024INTERNAL & PARTNERS
Q1 2024 ACHIEVEMENTS CONTRIBUTING
2024 Q1 Sales –April 18, 2024 4|SUSTAINED SALES
OUTPERFORMANCE NEW ISSUANCES
DEBT MATURITY+390bps €1.2bn
UP €1bn VS. Q1 2023€6.5bn 25%
ALREADY ACHIEVED INTERNAL & PARTNERS
LAUNCH OF EU -FORWARD PROJECT IN FEBRUARY
2024 Q1 Sales –April 18, 2024 5|A FIVE -YEAR 2024 -2028 PROJECT
TO REINFORCE COMPETITIVENESS IN EUROPE
•Adapt to structural volume drop and accelerated electrification
in Europe and rebalance FORVIA’s regional performance
•Achieve savings of c. €500m to achieve operating margin
in Europe above 7% in 2028ADDRESS SPECIFIC OVERCAPACITIES
IN SOME FORVIA’S DIVISIONS IN EUROPE
•Up to 10,000 jobs impacted over the 5 -year period,
supported by recruitment freeze, reduction of short term
and temporary workers on top of natural attrition
•Incremental restructuring costs of €275m over 2024 -2028
compared to initial budget, remaining fully proportionate
to past restructuring trends
2021* 2022 2023 2024e 2025e 2026e 2027e 2028eAs published Initially planned Incremental EU-FORWARD
2021 -2023 AVG*: €176m 2024 -2028e AVG: €200m
2024e 2025e 2026e 2027e 2028e€500mEU-FORWARD SAVINGS RAMP -UP (IN €M) RESTRUCTURING COSTS IN CASH
2021: Faurecia onlyINTERNAL & PARTNERS
OTHER MAJOR RECENT EVENTS
2024 Q1 Sales –April 18, 2024 6|JOINT VENTURE BETWEEN FORVIA AND CHERY IN THE FIELD
OF SMART AND SUSTAINABLE COCKPIT IN CHINA
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iAnthus Capital Holdings, Inc.