a successful transformation - valeo...system component software 18% cagr 2019-2022 1 out of 4...
TRANSCRIPT
JACQUES ASCHENBROICHCHAIRMAN & CHIEF EXECUTIVE OFFICER
A SUCCESSFUL TRANSFORMATION
A SUCCESSFULTRANSFORMATION
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A SUCCESSFUL TRANSFORMATION
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~5 PTS SALES OUTPERFORMANCE
FOCUS ON PROFIT & CASH
WE CREATED #1 POSITIONIN ELECTRIFICATION AND ADAS
THANKS TO 12 NEW KEYTECHNOLOGICAL PLATFORMS
EXPANDING OUR COMPETITIVE EDGE THROUGH HIGH BARRIERS TO ENTRY
LEADING TO A STRONG INCREASEOF OUR CONTENT PER CAR
A SUCCESSFUL TRANSFORMATION
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IN ELECTRIFICATION IN ADAS
2 OUT OF 3EUROPEAN OEMs HV LAUNCHES IN 2019-2022 EQUIPPED WITH
OUR HV SOLUTIONS
1 OUT OF 4PRODUCED VEHICLES IN 2019
EQUIPPED WITH OUR ADAS SOLUTIONS
#1 #1
WE HAVE INVESTED TO CREATE UNIQUE TECHNOLOGICAL PLATFORMSWITH HIGH BARRIERS TO ENTRY
ELECTRIFICATION
High voltage
HEAT PUMP
E-THERMALINTERIOR
BATTERY COOLING
E-thermal
DCDC
E-MACHINE& E-AXLE
48V
DRIVER MONITORING
FRONT CAMERA
AUTONOMOUS POD
LIDARSCALA®
ON-BOARD CHARGER
INVERTER
E-MACHINE& E-AXLE
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ADAS
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MARKET PUSHES TOWARDS
ELECTRIFICATION
SAFER MOBILITY
SMART MOBILITY
MARKET PUSHES TOWARDS
ELECTRIFICATION
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MARKET PUSHES TOWARDS ELECTRIFICATION
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REGULATIONSPUSH
CITIES ARE NEW REGULATORS
OFFER IS READY CONSUMERSINCREASINGLY OPEN
~1 millionelectric cars in EUin 2020 to avoidCO2 penalties
700city access regulationsin UE
>300new xEV modelsuntil 2024
42%of consumers would consider an EV for their next car
SOURCE: www.urbanaccessregulations.euMcKinsey ACES survey 2019
MARKET PUSHES TOWARDS ELECTRIFICATION
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- CO2- DIESEL
=+ ELECTRIFICATION
MARKET PUSHES TOWARDS ELECTRIFICATION FOR BOTH 48V & HIGH VOLTAGE SOLUTIONS
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HIGH VOLTAGE ELECTRIFICATION**
48V ELECTRIFICATION*
INTERNAL COMBUSTION ENGINE
84%
7% 9%
2020
26%
34%40%
2030
55%
23% 22%
2025
* Incl. 48V and 12V+12V** Incl. HV BEV, PHEV, FCEV & FHEVSource: IHS McKinsey Valeo estimation
45%74%
16%
WE HAVE DEVELOPED SUCCESSFULNEW KEY TECHNOLOGICAL PLATFORMS ALREADY IN SOP IN 2019
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48V ELECTRIFICATION
HIGH VOLTAGEELECTRIFICATION
* Incl. 48V and 12V+12V** Incl. HV BEV, PHEV, FCEV & FHEV
E-THERMAL SOLUTIONS
CUMULATED OI
7.5bn€
CUMULATED OI
11bn€
CUMULATED OI
2bn€
CONTENT PER CAR RATIO
X2
CONTENT PER CAR RATIO
X9
CONTENT PER CAR RATIO
X21/3EUROPEAN OEMS HV LAUNCHES IN 2019-2022EQUIPPED WITH OUR HV E-THERMAL SOLUTIONS
1/2EUROPEAN OEMS HV LAUNCHES IN 2019-2022EQUIPPED WITHHV VSEA SOLUTIONS
>40% MARKET SHARE 48V IN 2022
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MARKET PUSHES TOWARDS
SAFER MOBILITY
TOWARDS A SAFER MOBILITY
1.35 million people die
in traffic accidents every year,as if an Airbus A320 with 150 people on board was crashing every hour of every day, every month in the year
J. KRAFCIK (Waymo CEO)
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MARKET PUSHES TOWARDS SAFER MOBILITY
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REGULATION TECHNOLOGY CONSUMER PUSH SOCIETAL GOAL
Active safety push Technology is ready
50% of consumers recognize High safety standards as biggest driver
No fatalities or serious injuries through road accidents
SOURCE: McKinsey ACES survey 2019
SAFER MOBILITY WILL BE DRIVING ADAS MARKET GROWTH
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3TYPES OF SENSORS
€2 000
4TYPES OF SENSORS
€10 000+
CAMERA
RADAR
LIDAR
CAMERA
RADAR
LIDAR
THERMALIMAGING
ADAS AD
LEVEL 3CONDITIONALAUTOMATION
LEVEL 4HIGH
AUTOMATION
LEVEL 2ADVANCED PARTIAL
AUTOMATIONLEVEL 2+
CONTENT PER CAR
1TYPE OF SENSORS
UP TO
€200
2TYPES OF SENSORS
€500
CAMERA OR RADAR CAMERA
RADAR
LEVEL 2ADVANCED PARTIAL
AUTOMATION
LEVEL 1DRIVER ASSISTANCE
ADAS
3TYPES OF SENSORS
3TYPES OF SENSORS
CAMERA
RADAR
LIDAR
€2 000
A FAST GROWING MARKET
2019 2022 2030
10-12 bn€ 15-20 bn€ 35-40 bn€
Park Assist only
3-star NCAP
5-star NCAPLevel 2
Level 3Park Assist only
3-star NCAP
5-star NCAP
Level 2+
Level 2
3-star NCAP
5-star NCAP
Level 2
Level 2+
Level 3
Level 4
Driverless
Level 2+
Driverless
Park Assist only
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WE BUILT SUCCESSFUL PLATFORMS FOR ADAS
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CUMULATEDORDER INTAKE 2017-2019
>€11Bn
~€3.2BnSALES IN 2022
SYSTEM
COMPONENT
SOFTWARE
18%CAGR2019-2022
1 OUT OF 4PRODUCED VEHICLES IN 2019
EQUIPPED WITH OUR ADAS SOLUTIONS
WE BUILT SUCCESSFUL PLATFORMS FOR ADAS
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CUMULATEDORDER INTAKE 2017-2019
>€11Bn
~€3.2BnSALES IN 2022
18%CAGR2019-2022
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MARKET PUSHES TOWARDS
SMART MOBILITY
MARKET PUSHES TOWARDS SMART MOBILITY
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MOBILITY NEEDS ARE INCREASING
DIFFERENT BUSINESS MODELS EMERGE
INVESTMENT FLOW IS INCREASING IN DIGITAL MOBILITY
ROBOTAXIS ARE A REALITY
PKT* is expected to grow by
30%between2010 & 2050
$35Bninvested in 2018 in venture transportation technology
*PKT: PASSENGER x KM TRAVELLED
source : McKinsey ACES Survey 2019
46% of US vehicle tripsare < 5km
Waymo launchedfirst rides in Phoenix without safety drivers
SMART MOBILITY OFFERS MANY OPPORTUNITIESTO LEVERAGE OUR PLATFORMS
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LAST MILE DELIVERY E-MICROMOBILITY ROBOTAXIS ROBOSHUTTLES
FIRST ORDERS FIRST ORDERS FIRST ORDERSCOOPERATIONS
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INCREASING IN EBITDA
>15%
EBITDAIN % OF SALES
2019*
EBITDAIN % OF SALES2022
*estimated 2019
12.8%
DOUBLING OUR FREE CASH FLOW
GENERATION
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CHRISTOPHE PERILLATCHIEF OPERATING OFFICER
A SUCCESSFUL TRANSFORMATION
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VALEO DELIVERS LEADING SOLUTIONS & SYSTEMS IN
ELECTRIFICATION
HIGH VOLTAGE ELECTRIFICATION: GROWTH IS THERE
€11Bn ORDER INTAKE28
2017
BMW 5.30e
LEV TX5
BAIC EU400
Renault Master ZE
Cadillac XT5
GMC SierraChevrolet Silverado
2013 2014 2015 20162012
Volvo V60 BMW i3Volvo XC90
Renault ZOE
BMW 3.30e
Smart For2
Smart For4
Chevrolet Malibu
Renault Kangoo ZE
GAC Trumpchi GE3
2018
eGO Life
Volvo XC60
Volvo S90
Volvo V90
DS7 Crossback e-tense
Peugeot 3008
Opel GrandLand X
BAIC C10
Tata Nexon
Renault Clio
Land Rover Discovery
Renault ZOE2
Renault Captur
2020 and Beyond
VW ID3
And 60 more to come
Launches on
90 vehicles
up to 2022
VALEO-SIEMENS IS ACCELERATING
2019 29
48V e-MACHINE PLATFORM
Key enablerFor CO2 reduction
>40%Market Share in 2022
>300 000Machines shipped
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NEXT GENERATIONS ARE BASED ON THE SAME PLATFORM
Starter Generator4-12 kW
Full Electric rear axle25 kW
Electric motor 15 kW 31
SMART e-MOBILITY BASED ON 48V PLATFORM
Same 48V e-motor32
WE ARE ALREADY ENTERING SMART e-MOBILITY MARKET
SOP
Q1 2020
SOP
Q2 2020
SOP
Q3 2020 Expected in 2021
EuropeanOEM
EuropeanOEM
IndianOEM
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WE ARE ALREADY ENTERING SMART e-MOBILITY MARKET
ELECTRIFICATION KITS
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VALEO DELIVERS LEADINGSOLUTIONS & SYSTEMS FOR
SAFER MOBILITY
THE BROADEST SENSOR PORTFOLIO ON THE MARKETFOR EXTERIOR AND INTERIOR COCOONS
INTERIOR COCOONDriver and cabin monitoring
EXTERIOR COCOONPerception and Situational Awareness
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Adversarial Entropy minimization forUnsupervised Domain Adaptation
Introducing WoodScapeMulti-sensor multi-task fisheye dataset
Confidence Estimation in Deep Learning
ARTIFICIAL INTELLIGENCE IS POWERING VALEO’S PERCEPTION SYSTEMS
200+ AI Experts
LIDAR SCALA® PLATFORM
Key enabler for safe automated driving
>100 000 Valeo SCALA® shipped
€500mioorder intake
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LIDAR SCALA® PLATFORM
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SCALA 3 NEAR FIELD LIDARSCALA 1 SCALA 2
LIDAR IS A KEY ENABLER FOR SAFE AUTOMATED DRIVING
Valeo SCALA®
can detect
overhead objects
road debris
road markings
offset static objects
FRONT CAMERA PLATFORM
World’s 1stStand-alone
SAE Level 2 in 2019
>€4bn order intake since 2017
50model launches in 2019/2020
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VALEO’S SMART FRONT CAMERA LEVEL 2 ADAS SYSTEM
Honda’s Fit abolishesmillimeter-wave radar,changed from Bosch to Valeo
Computer Vision Adaptive Cruise Control
Vehicle Steering/BrakingLane Centering System
Automatic Emergency BrakingPeripherals
Host Computer
Communication
Developed / integrated by Valeo
Camera Frontend
Nikkei Automotive Technology2019, October 1st
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SURROUND VIEW CAMERA PLATFORM
4
4
12%camera CAGR 2019-2022
35%market share in 2019
XtraVue Trailersystem launched in 2019
INTUITIVE AND FUN TO USE...
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DRIVER MONITORING PLATFORM
SelfieFunction
for 2021 SOP
World’s 1st
A-pillar Driver Monitoring System
World’s 1st
EmotionDetection System
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ENSURING AVAILABILITY OF SERVICE THROUGH AUTOMOTIVE GRADE QUALITY
WE ARE A KEY PARTNER TO NEW MOBILITY PLAYERS
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J. KRAFCIK (Waymo CEO) - IAA 2019
« …Proud to count Valeo as a partner… »
WE ARE A KEY PARTNER TO NEW MOBILITY PLAYERS
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VALEO DELIVERS LEADING SOLUTIONS & SYSTEMS IN
SMART MOBILITY
SMART SOLUTIONS PROVIDING IMMERSIVE EXPERIENCE
Come & see our teleportation experience on the Strip 51
SMART SOLUTIONS PROVIDING IMMERSIVE EXPERIENCE
Come & see our teleportation experience on the Strip 52
BUT SMART MOBILITYIS MORE THAN CARS
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LEVERAGING OUR PERCEPTION PLATFORMSFOR NEW USE CASES
INTRODUCING eDELIVER4U
ELECTRIC AUTOMATED DELIVERY BY VALEO
VALEO ELECTRIFICATION & MOBILITY KITS AVAILABLE
CONTINUOUS
INNOVATION
AUTOMOTIVE QUALITYON-THE-SHELF
OFFER
COMPETITIVE
PRICE
MOBILITY KITS
THE BEGINNING
IT IS JUST
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