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July 25, 2022▪Sales of €11.6bn, with strong organic outperformance ▪Resilient operating margin of 3.7% in a volatile and inflationary environment ▪Positive net cash flow of €102m ▪Integration of HELLA on track ▪FY 2022 guidance confirmedH1 2022 Results
July 25, 2022▪Sales of €11.6bn, with strong organic outperformance
▪Resilient operating margin of 3.7% in a volatile and inflationary environment
▪Positive net cash flow of €102m
▪Integration of HELLA on track
▪FY 2022 guidance confirmedH1 2022 ResultsSummary
04H1 2022 Key Highlights
H1 2022 Results Review
FORVIA’s Way Forward00
Key Highlights C2 -Internal NatixisH1 2022 Context and Priorities
Still low volumes and heightened inflationary context in H1:
•Worldwide automotive production of 37 million LVs, down 0.6% yoy(o/w Europe
down 12%), penalized by:
▪Continued shortage of semiconductors
▪War in Ukraine starting end of February generating supply chain disruptions
▪Covid -related restrictions in China (two -month lockdown in Q2)
•High inflation worldwide
Focus on 4 priorities
▪Integrating & executing synergies
▪Enhancing resilience & lowering breakeven point
▪Optimizing cash vs. growthC2 -Internal NatixisH1 2022 Key Highlights
❯Successful closing of the acquisition of HELLA and major steps already achieved in H1:
▪Closing on January 31 for a total amount of €5.4bn, of which only €1.7bn still to be refinanced (post capital increase)
▪Creation of FORVIA, combining FAURECIA’s and HELLA’s operations and teams
▪Successful capital increase of €705m in June, contributing to refinancing the acquisition and reducing debt leverage
▪Integration and implementation of synergy plan on track
❯Solid order intake > €15bn in H1 2022 focusing on our three strategic levers for growth, including:
▪Major first orders for technologies for electrification (including hydrogen solutions) and automated driving
▪Significant awards and partnerships for accelerating customized and sustainable cockpit experiences
❯FORVIA at the forefront of ESG best practices, with strong focus on climate change
▪First automotive company with STBi validated Net Zero Targets
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22 Pages