New Perspectives

Patrick KOLLER, Chief Executive Officer

Agenda

1 New Perspectives

2 Business Groups Profitable Growth

3 ESG Strategy Highlights

4 Financial Ambition

5 Takeaways & Q&A Session

2 ● Capital Markets Day – February 22nd, 2021

Agenda

1 New Perspectives

2 Business Groups Profitable Growth

3 ESG strategy highlights

4 Financial ambition

5 Takeaways & Q&A Session

3 ● Capital Markets Day – February 22nd, 2021

Our strategy responds to the challenges of the automotive industry

Societal pressure for climate change and sustainability

Accelerating electrification through regulations and incentives

▸ Full electric vehicles (BEVs + FCEVs) could reach 30% in 2030
▸ Massive investment in hydrogen value chain

Development of advanced driver assistance systems on the road to autonomous driving

▸ Stronger development of level 2/3 systems as move to full autonomous driving slowed

Increased connectivity driven by consumer demand, OEM productivity and 5G availability

▸ In 2025, above 80% of vehicles connected to internet

Affordability as a priority

4 ● Capital Markets Day – February 22nd, 2021

We are focused on two fast-growing areas
Sustainable Mobility and Cockpit of the Future

Sustainable Mobility Cockpit of the Future

Solutions for ultra-low Solutions for personalized

& zero emissions & connected experiences

Addressable Addressable
market market

+9 % pa Addressable
market +7 % pa

€120
in 2020-2030 in 2020-2030
bn
in 2030
5 ● Capital Markets Day – February 22nd, 2021
Our strategy is deployed through 14 product lines

Sustainable Mobility Cockpit of the Future

ULTRA-LOW EMISSION SOLUTIONS ZERO EMISSION HYDROGEN SOLUTIONS SEAT STRUCTURE SYSTEMS COMPLETE SEATS COVERS AND COMFORT

COMMERCIAL VEHICLES & INDUSTRY SUSTAINABLE & SMART MATERIALS CENTER CONSOLES INSTRUMENT PANELS DOOR PANELS

ADVANCED DRIVER ASSISTANCE SYSTEMS COCKPIT ELECTRONICS DISPLAY TECHNOLOGIES INTERIOR MODULES

6 ● Capital Markets Day – February 22nd, 2021

Hydrogen enables an optimized decarbonated energy supply
Decarbonated Storage and Clean & low carbon Industry
Energy: Electricity:
electricity transportation H2 availability & mobility
Growing demand Growing share
requirement needs and affordability decarbonation

Hydrogen energy DEMOGRAPHICS

ENERGY
REQUIREMENTS
ELECTRICITY
SHARE
Hydrogen technology
▸By 2050, hydrogen could ▸Best solution to store
represent 20% of the 7.7 billion 17 TW 16% electric energy for
(2019) (2019) (2019)
world’s energy demand renewables & peak levelling
▸Low geopolitical risks due ▼ ▼ ▼ ▸Versatile hydrogen
to few critical materials production process
▸Increased state sovereignty 9.8 billion 30 TW 30%
driving national hydrogen
(2050) (2050) (2050) ▸Hydrogen best solution
strategies to transport renewable
energies
▸Massive funding

Green hydrogen will be widely available in 2030 at an affordable cost

In Europe, 10Mt of clean hydrogen available at around €2/kg*

* Will bring hydrogen at the fueling station < €6/kg, competitive versus diesel
7 ● Capital Markets Day – February 22nd, 2021
Hydrogen is gaining momentum around the world

228 announced projects of which 25% are Clean hydrogen cost to fall by 60% by 2030
mobility projects
USD/kg
6.0

5.0
~65GW of electrolyzer capacity
4.0
-60%
~50Bn gap to be bridged
Production

Industry 3.0
Mobility
H2 economy 2.0
Infrastructure
1.0

▸ 30 countries have already announced a funded Gray Low-carbon Renewable 2019 2020
hydrogen strategy
2020 2030 2040 2050
▸ Europe has announced USD221bn funding by 2030
Source Hydrogen Council
8 ● Capital Markets Day – February 22nd, 2021
Hydrogen mobility will accelerate rapidly

Step change in product performance … leading to significant adoption by 2030

and cost…

Manage product cost Improve durability

decrease & energy density ▸ Up to 500,000 commercial vehicles
Cost reduction To become benchmark ▪ First segment to grow by 2025
by 2030 & address all segments
-80% (> 2/3 from scale) ▪ Dual Electric Vehicle with increased driving range,
long-term storage & optimized weight

Vehicle usage Recycling & IoT

▸ > 2 million passenger vehicles and light
Total cost
commercial vehicles
-75% of ownership
by 2030 Compressed 700 bar Liquid ▪ Acceleration from 2025: >500 fueling stations in Europe
Safety management and reuse ▪ First adopters: China, Japan, South Korea & Europe
of hydrogen tank throughout
20 year lifetime

9 ● Capital Markets Day – February 22nd, 2021

Focused innovation with short time-to-market
supported by strong ecosystem

Advanced technologies boosted by innovation Best-in-class ecosystem

▸€607m innovation spend in last three years ▸ Early establishment of strong ecosystem
to accelerate integration of competences
and time-to-market

▸€1.1bn to be invested in sustainable technologies ▸ Strategic and technology partnerships

between 2021 and 2025

▸ Digital Services Factory with >100 data specialists

for AI solutions and data-driven productivity

▸ Investment in 16 start-ups
▸ R&D efficiency program to enable increased
investment in innovation without increasing R&D costs

1. Including 100% of Symbio

10 ● Capital Markets Day – February 22nd, 2021

Continuous increase in order intake secures robust growth

ANNUAL ORDER INTAKE

€27bn
Enriched content per vehicle
in each Business Group
€26bn €26bn
Strong growth with premium,
Sales ambition
electric and commercial
vehicles ≥€24.5bn
€25bn
in 2025
Strategic positioning in China
will drive doubling of sales
to reach €5bn in 2025
2019 2020 2021e 2022e

11 ● Capital Markets Day – February 22nd, 2021

Strong profitable growth & cash generation from 2021

AVERAGE ANNUAL OUTPERFORMANCE1 >+500bps

Sales Operating Margin (as a % of sales) Cash (as a % of sales)
Building on leadership
≥€24.5bn positions to increase
market share

€17.8bn ≥€18.5bn
Innovation to enrich content
€14.7bn per vehicle
8% >8%
7.2%

Operational excellence
Close to
4% 4.5% ▸ Customer satisfaction
3.3%
▸ Digital transformation

2019 2020 2022e 2025e ▸ Standardization/massification

1. Based on Faurecia estimate of 2021-2025 worldwide automotive production

12 ● Capital Markets Day – February 22nd, 2021

Key drivers for a sustainable and ambitious future
2 priorities: CO2 neutrality and gender diversity

Strong Convictions and Values drive our sustainability initiatives and our inclusive culture
▸ Employee engagement index up 12 points in 2020 reaching 76%
▸ 33% female recruitment in 2020 vs. 26% in 2018

Carbon Neutrality is a strategic initiative

▸ Ambition to be CO2 neutral by 2030 for scopes 1, 2 and 3
(excl. use of sold products)
▸ Roadmap validated by SBTi

New shareholding structure after spin-off will provide new opportunities

▸ Diversified shareholder base with increased free float and market visibility
▸ Increased independence of Board of Directors
▸ Participate in market consolidation while maintaining strict financial discipline

13 ● Capital Markets Day – February 22nd, 2021

 Faurecia Seating
Eelco SPOELDER
Executive Vice President, Seating Business Group

● Capital Markets Day – February 22nd, 2021

Seating is a recognized innovative leader
with strong potential for future growth

Frames & mechanisms Complete seats

Market leader Top 3

▸Modular & scalable solutions ▸Strong vertical integration ▸Full comfort solutions
for global platforms ▸Strong craftmanship (massage, heating & venting)
▸Leading innovation portfolio, and excellence in perceived quality ▸Sensor technologies
anticipating future mobility use cases for the Cockpit of the Future
▸Potential for further integration

OVERALL 12% MARKET SHARE

ON ATTRACTIVE AND STRUCTURED MARKET

15 ● Capital Markets Day – February 22nd, 2021

Profitable growth drivers
Seating Business Group

❶ ENRICHING SEAT VALUE

Personalized experiences
Modularity
Sustainable materials & recyclability

❷ COMPLETE PORTFOLIO OF SOLUTIONS

ADDRESSING ALL VEHICLE SEGMENTS
❸ ACCELERATED GROWTH ESPECIALLY
IN NORTH AMERICA AND CHINA Optimum product mix
Customer diversification Outperforming market
in all product lines
Fully localized
competences and footprint High-growth in premium vehicle
segments

16 ● Capital Markets Day – February 22nd, 2021

❶ Strong differentiators to enrich seat value

PERSONALIZATION MODULARITY SEAT FOR THE PLANET

Enhanced occupant experience through Reconfigurable cockpit Sustainable materials,

smart comfort and wellness systems ensuring safety in all positions recyclability and energy savings

Faurecia content per vehicle1 to increase from €710 in 2020 to €820 in 2025

1. Complete seats
17 ● Capital Markets Day – February 22nd, 2021
❶ Modular platforms
for frames and mechanisms address all use cases 75 PATENTS
IN 2020

Our innovative platforms address mobility trends Growth through increase

in platform content
Safety enhancement
▸Smart actuators for personalization
▸Integrated belt-to-seat frame
▸Partnership with ZF
25% of vehicles
Modularity worldwide equipped by
▸Configurable & scalable Front seat platforms covering all use cases Faurecia in 2022
▸Advanced mechatronics solutions
▸Swiveling module Significant growth
▸Long-range tracks opportunity for rear seats
Cost & weight performance
▸Lightweight solutions
▸Standardized processes Rear seat kinematics for new mobility modes

18 ● Capital Markets Day – February 22nd, 2021

❶ Innovative solutions
to enhance occupant experience for Cockpit of the Future 85 PATENTS
IN 2020

Our innovative solutions for comfort and wellness… …increase content per vehicle
Sensing

>80%
▸Postural monitoring
▸Fatigue and stress detection
▸Occupant detection system innovation projects
lead to co-developments
Wellness
with OEMs
▸Smart headrest
▸Thermal fit
▸Pneumatic massage
Targeting
▸Audio enhancement >€300m
Mobility as a service additional accretive sales
▸Data collection by 2025
▸Massage on demand
▸Unlock functions
19 ● Capital Markets Day – February 22nd, 2021
❶ Seat for the Planet
Differentiation through sustainable materials and lifecycle management

Cover materials Design for lifecycle

▸Bio-sourced ▸Modular seat design
▸Recycled PET ▪ Easy disassembly
▸Bio-coated ▪ Lifetime extension
▸Refurbishing/recyclability
▸Potential for upgrading

Foams & plastics Metal structures

▸Natural fiber pad ▸Less and green energy
▸Compound material for manufacturing
▸Recycled PET ▸Weight reduction
-30% -15% ▸Coating technology
CO2 emissions weight per seat
by 2030 by 2030
● Capital Markets Day – February 22nd, 2021
20
❷ Optimum product mix with strong market outperformance

Frames and mechanisms Complete seats

Sales outperformance Sales outperformance
+750bps1 +500bps1

2020 2022e 2025e 2020 2022e 2025e

Operating margin above Seating average Continued vertical integration

Massified footprint and standardized processes Process automation & digitalization

c.+600bps1 average annual sales outperformance

1. Vs. Faurecia estimate of 2021-2025 worldwide automotive production

21 ● Capital Markets Day – February 22nd, 2021

❷ Outperforming the market on premium vehicle segments

Higher penetration in D and E premium 40% of 2020 order intake

segments with higher content per vehicle with plug-in hybrid and electric vehicles
2020-2025 CAGR Recent awards
Market volume production Faurecia JIT volume Next Audi e-tron
+17%

+12%

+6%+7% +6% +7%

Next Kadjar

C-segment D-segment E-segment

Depending on the region, content per vehicle ranges

from €400 for a C-segment vehicle to €2,400 for an
E-segment vehicle

22 ● Capital Markets Day – February 22nd, 2021

❸ Doubling sales in North America and China by 2025

Market share gains in North America Market share gains in China

with improved profitability through customer diversification
▸ +1,100 bps market outperformance 2020-2025 ▸ +1,000 bps market outperformance 2020-2025
▸ 85% of sales on SUVs and pick-ups ▸ From 11 to 17 customers in 2025
▸ Customer diversification ▸ Strong presence with domestic OEMs
▸ Optimized components footprint in Mexico (25% of sales) supported by 8 joint ventures

▸ Profitability converging to Business Group average ▸ 21 plants in 2020 for all technologies
Jeep Grand Wagoneer VW ID 4 & MVS2G platform Audi A7L Li ONE

Ford Super Duty BYD HAN

23 ● Capital Markets Day – February 22nd, 2021
Seating strong profitable growth & market outperformance

Sales outperformance Main drivers

and improved profitability
▸ Enriching seat value
Sales Operating Margin (as a % of sales)

>€9.5bn ▸ Accelerated growth especially in North America

€7.5bn and China
€7.0bn
≥7.5%
€5.6bn
▸ Operational excellence
≥7.0%
6.5%
S2 2020 ▪ Manufacturing excellence
6.5%
▪ Digitalization
▪ Footprint optimization & massification
2019 2020 2022e 2025e

€30bn c. +600bps1 ▸ Optimum portfolio of solutions for fast-growing

Cumulated 3 year Outperformance vs. vehicle segments
order intake (2018-2020) production in 2020-2025

1. Vs. Faurecia estimate of 2021-2025 worldwide automotive production

24 ● Capital Markets Day – February 22nd, 2021

Seating key takeaways

Faurecia among market leaders in a growing and structured market

▸ Global frame platforms & mechanisms (#1)
▸ Complete seats (#3) with potential for market share gains

Strong sales acceleration, reaching >€9.5bn in 2025, +c. 600bps1 outperformance

▸ Doubling sales in North America and China
▸ €750m of innovative content in 2025 sales

Operating margin improvement from 6.5% in 2019 to ≥7% in 2022 and ≥7.5% in 2025
▸ Operational excellence and optimum product portfolio
▸ Faster growth in frames and mechanisms with higher margin

1. Vs. Faurecia estimate of 2021-2025 worldwide automotive production

25 ● Capital Markets Day – February 22nd, 2021

 Faurecia Interiors
Patrick POPP
Executive Vice President, Interiors Business Group

● Capital Markets Day – February 22nd, 2021

Interiors accelerated its transformation in 2020
through integration of SAS and increased focus on core product lines

Instrument panels Door panels Center consoles SAS Interior Modules

Market leader Market leader #3 Market co-leader

▸Preferred OEM partner ▸Design & manufacturing ▸Systems integration ▸Simplifying supply chain,
for safety-critical design of multi-layer modules HMI, wireless charging, packaging, assembly and
& manufacturing thermal, mechanisms & logistics for OEMs
displays ▸Just-in-time systems
▸Growth driven by Cockpit of the Future
and premium material trends integration of complete
interior modules
▸Sustainable materials and processes
key differentiators for Faurecia

Overall #1 with 14% market share

27 ● Capital Markets Day – February 22nd, 2021
Profitable growth drivers
Interiors Business Group

❶ TECHNOLOGY LEADERSHIP
& OPERATIONAL EXCELLENCE
Complex process expertise
Footprint specialization, massification & digital
Leadership in sustainable and smart materials

❸ GROWTH IN HIGH-VALUE
❷ INCREASED CONTENT PER VEHICLE
MARKETS AND SEGMENTS
Smart interiors
Strong momentum
with premium customers New cockpit architecture
and EVs & systems integration
Significant growth Potential for further vertical integration
in North America

28 ● Capital Markets Day – February 22nd, 2021

❶ Increased competitiveness driven by process excellence

Specialization/Standardization Massification Digitalization

▸ Optimization of number of ▸ Average sales per plant from €90m ▸ Number of parts manufactured
manufacturing processes from 80 in in 2019 to >€120m in 2025 with a data-connected process:
2019 to <50 in 2025 from 20% in 2019 to 100% in 2025

Potential to improve operating margin by 100bps (2022 vs. 2019)

All data exclude SAS Interior Modules

29 ● Capital Markets Day – February 22nd, 2021

❶ Interiors for the Planet
Market & technology leadership in sustainable materials

Creation of new product line to accelerate development of bio-sourced and recyclable

materials providing significant weight, energy and CO2 reduction

NAFI family NFPP family

>€1bn
31 Weight saving CO2 saving Sales
patents
Up to 50% CO2 negative in 2025
immediately (-0.11g/kg)

30 ● Capital Markets Day – February 22nd, 2021

❷ SAS: a leader in interior modules
with strong expertise in diversity management and logistics services

Systems Complexity Just-in-time

integration management network

▸Cockpit component ▸Diversity management, ▸ Management

integration into single high safety and quality of Just-in-time shipping
interior module standards from assembly to synchronization
recycling

SAS Interior Modules generates €138 content per vehicle in 2020

31 ● Capital Markets Day – February 22nd, 2021
❷ Market-driven innovations
to enrich content for the Cockpit of the Future

Airvent integration Radiant panel Interior lighting Deco-control Bar

▸New architecture driving ▸Thermal comfort with ▸ Lighting integrated ▸ Solution for premium
design freedom carbon film & multi-layer into any surface material control bar on Instrument
process panel
▸Airvents integrated into ▸ Dynamic lighting for HMI
decorative trims or display ▸Energy savings for improved and driving assistance ▸ Leveraging standard
frame electric vehicle autonomy manufacturing processes
▸ Collaboration with Hella
▸Collaboration with Mahle

32 ● Capital Markets Day – February 22nd, 2021

❷ Strong growth potential through increased content per vehicle
with further growth after 2025 through function integration

Instrument Panel Door panel

AVERAGE FAURECIA CPV 2020 €140 €1501

Interior lighting ▸ Dynamic lighting €10-30 ▸ Surface lighting €30-60

Smart switches / Deco-control ▸ Deco-control bar €25-85 ▸ Smart surfaces €30-60

▸ Lightweight Cross
€40 ▸ Radiant panels €30-60
Car Beam
New functions / new
lightweight architectures
▸ Decovents €20-60

Electronics integration ▸ Display integration €15-50

AVERAGE FAURECIA CPV 2025 €155 €1551

1. Full carset

33 ● Capital Markets Day – February 22nd, 2021

❸ Strong momentum on fast-growing high-value segments

ATTRACTIVE Strong growth in premium & electric vehicles Recent awards

PREMIUM MARKET MERCEDES S-CLASS

€5.5bn €1.0bn SALES €2.3bn

Premium Interiors 2020 market
26% of global market VW ID6

2020 2025e

Premium: €680 CPV ▸Market share gain

EV: €455 CPV ▸Opportunity for sustainable materials & lightweight solutions PORSCHE CAYENNE
vs. €350 Faurecia average1
▸Integration and systems expertise for Cockpit of the Future
+30% pa ▸Innovative design and new architectures
Electric vehicle production RIVIAN VOLTA & RIVIAN TRUCK

2020-2025 CAGR
▸Thermal solutions for increased battery range and comfort

1. Includes Instrument panels, door panels, center consoles and accessories

34 ● Capital Markets Day – February 22nd, 2021

❸ Strong growth in North America
through customer diversification

ATTRACTIVE Strong growth Recent awards

PREMIUM MARKET CADILLAC LYRIQ GMC ACADIA

€6bn €1.3bn SALES €2.2bn

Interiors market
29% of global market
2020 2025e VOLVO XC90 AUDI Q5

€570 CPV ▸Customer diversification

vs. €350 Faurecia average1 with major customers in North America
▸High-runners acquired in 2019
FORD F150
▸Competitive Mexico footprint
+5% pa
Vehicle production
2020-2025 CAGR

1. Includes Instrument panels, door panels, center consoles and accessories

35 ● Capital Markets Day – February 22nd, 2021

Interiors profitable growth, outperforming the market

Sales outperformance Main drivers

and improved profitability
Sales Operating Margin (as a % of sales) ▸ Increasing content per vehicle
and differentiation through function integration
€6.5bn and sustainable materials
€5.4bn €5.5bn
€4.5bn ≥7.5%
≥7.0% ▸ Growth in high-value segments and markets
5.5%
▸ Operations and process excellence driving
competitiveness
2019 2020 2022e 2025e

€20bn c. +400bps1 ▸ Refocused product portfolio

cumulated 3-year order Outperformance vs. vehicle
intake 2018-2020 production in 2020-2025

1. Vs. Faurecia estimate of 2021-2025 worldwide automotive production and excluding Acoustics & Soft Trim (AST) sales in 2020

36 ● Capital Markets Day – February 22nd, 2021

Interiors key takeaways

Market leader on instrument panels (#1), door panels (#1) and center consoles (#3) and interior
module assembly

Accelerating growth to reach €6.5bn in 2025, outperforming market by c.+400bps1

▸ Record order intake in 2020 of €7.4bn
▸ Enriching content per vehicle driven by automotive megatrends
▸ Ideally-positioned to seize growth on high-value vehicle segments leveraging Cockpit of the Future
▸ Strong momentum to increase market share in North America and China

Continuous performance improvement through portfolio optimization and operational

excellence (≥7% OM in 2022, ≥7.5% in 2025)

1. Vs. Faurecia estimate of 2021-2025 worldwide automotive production

37 ● Capital Markets Day – February 22nd, 2021

 Faurecia
Clarion Electronics
Jean-Paul MICHEL
Executive Vice President, Clarion Electronics Business Group

Keyvan KARGAR
Vice President, Sales & Programs, Clarion Electronics

● Capital Markets Day – February 22nd, 2021

Clarion Electronics integration is now completed

Roadmap for cost competitiveness €2.5bn order intake in 2020

on track ahead of ambition

▸€80m savings target achieved CLARION ELECTRONICS ORDER INTAKE (€bn)

▪ -40% indirect labor 2.5 ≥2.5

2.3
2.1
▪ R&D efficiency improved by 63% 1.9 1.9
Low-cost engineering footprint +10pts

▪ Ongoing footprint massification

in low-cost countries

▸ Bill of Material initiatives to deliver €150m 2019 2020 2021e

cumulated savings over next 5 years CMD 2019 Actuals & Target

39 ● Capital Markets Day – February 22nd, 2021

Profitable growth drivers
Clarion Electronics Business Group

❶ IMPROVEMENT IN COST COMPETITIVENESS

Headcount productivity
R&D competitiveness / offshoring
Footprint optimization
Bill of Materials

❷ INNOVATION DRIVEN THROUGH

3 PRODUCT LINES
❸ GROWTH MOMENTUM
− Cockpit Electronics
Strong order intake confirms
− Display Technologies
2025 sales target of €2.5bn
− Advanced Driver Assistance Systems
Diversified customer portfolio,
product and geographic mix Expanding technology ecosystem
Key enabler of Cockpit of the Future

40 ● Capital Markets Day – February 22nd, 2021

❷ Focus on 3 product lines
for customer experience, digital convenience and advanced safety

COCKPIT ELECTRONICS DISPLAY TECHNOLOGIES ADVANCED DRIVER ASSISTANCE

SYSTEMS

▸In-Vehicle Infotainment/media dock ▸Display systems focused on large ▸Vision Systems ▸Parking Systems
▸HMI systems & multiple displays
▪ Surround View ▪ Automated
▸Remote Tuner ▸Cockpit integration
▸Advanced image processing ▪ E-Mirrors ▪ Autonomous
▸Wireless Charger, Active Noise Control,
Apps store and energy efficiency
▸Cockpit Monitoring Systems

Each product line composed of

core products, high-growth/profitability products and emerging segments

41 ● Capital Markets Day – February 22nd, 2021

❷ Cockpit Electronics enhancing occupant experience

ADDRESSABLE
Infotainment ECU MARKET

Apps Store

HMI Systems
€22bn
2025
Cockpit Market Size
monitoring system

Remote tuner +9%

2020-2025
Active noise control Market CAGR

42 ● Capital Markets Day – February 22nd, 2021

❷ In-Vehicle-Infotainment
Our Cockpit Electronics core product

Ambition Faurecia key differentiators

Scalable "ESSENTIAL" platform
▸ From >10 platforms to one single modular platform in
15 months
▸ Addressing 80% of the market
▸ Multi-OS compatible (Linux/Android)
▸ 40% product cost reduction vs. previous generation

Become the reference

in terms of scalability +35% Best interface (HMI)
of the market
and value/cost effectiveness order intake
in 2020 with MyTrenza

43 ● Capital Markets Day – February 22nd, 2021

❷ Cockpit Monitoring System
Cockpit Electronics emerging market segment leveraging Cockpit of the Future

Ambition Faurecia key differentiators

SENSE THINK ACT

Data acquisition Data processing User Services

▸Competitive sensors ▸Data and sensor fusion ▸System architecture

adapted to services
▪ Infrared cameras ▸Biometry and artificial (assistance, information
▪ Radar (microwave)
intelligence display, alerts)
▸Enhanced safety
through AR / VR
Top 3 player providing
wellness, comfort & safety
High growth market with
potential >€2.5bn in 2025 Strong ecosystem of software, AI and safety partners

44 ● Capital Markets Day – February 22nd, 2021

❷ Our high growth & profitability segments
Cockpit Electronics

Remote Tuner Active Noise Control Apps Store

Ambition Ambition Ambition
▸Market leader with >20% market ▸Top 3 player for electrified vehicles ▸#1 automotive “pure player”
share by 2025 with 20% market share by 2025 by 2025

Differentiators Differentiators Differentiators

▸Best cost & size via “all-in-one” ▸Engine and road noise elimination ▸App ecosystem with customized
solution with embedded digital key for electric and hybrid vehicles content for each region
signal processer & central ▸Creo’s strong expertise in acoustics ▸Seamless car service monetization
processing unit & vibrations, smart structures and enabling new revenue streams
▸Single hardware design adapted fluid dynamics ▸Data privacy secured
for regions through software

€750m +27% €300m +35% €300m +45%

2025 2020-2025 2025 2020-2025 2025 2020-2025
Market Size Market CAGR Market Size Market CAGR Market Size Market CAGR

45 ● Capital Markets Day – February 22nd, 2021

❷ Display Technologies

Display systems ADDRESSABLE

Focus on large and multiple displays MARKET

€19bn
Cockpit integration 2025
Market Size
(of which €6bn large
and multiple displays

Advanced image processing

& energy efficiency
+12%
2020-2025
Market CAGR

46 ● Capital Markets Day – February 22nd, 2021

❷ Focus on large and multiple displays

Ambition Our differentiating capabilities address 50%

of display value
▸ Global platform screen kit
▸ Leadership in optical bonding
▸ Integrated features ▸ Immersive
(ambient light sensor, and customizable
image sensor) ▸ Modular

Advanced
Cockpit
LCM1 Assembly HMI image
integration
processing
Be among Top 3 by 2025
Not addressed
▸ Seamless integration ▸ Leadership
Maintain fast growth to reach by Faurecia
into cockpit in smart dimming
€800m sales in Display ▸ Any shape, ▸ Backlighting
Technologies by 2025 multiple & extra-large ▸ Dynamic color matching,
▸ Kinematics HDR & contrast
enhancement
1. Liquid Crystal Display module

47 ● Capital Markets Day – February 22nd, 2021

❷ Display technologies
Differentiation boosted by technology ecosystem approach

A Faurecia company since 2019 A Faurecia company since April 2020

Advanced material and optical bonding expertise Advanced image processing
First SOP with Daimler in Aug 2020

Optical bonding by injection 30% more brightness

Scrap and cost reduction 30% less screen energy consumption
Enhanced durability
48 ● Capital Markets Day – February 22nd, 2021
❷ Advanced Driver Assistance Systems (ADAS)
Safety & convenience
Addressable market

Surround view ADDRESSABLE

& autonomous parking ECU MARKET

Algorithms and applications €5bn

2025 addressable
low-speed ADAS
market
Sensors
Ultrasonic, cameras, etc.

+20%
2020-2025
e-Mirrors
Market CAGR

49 ● Capital Markets Day – February 22nd, 2021

❷ Maintain leadership in fusion-based parking systems

Ambition Faurecia key differentiators

Best-in-class parking performance TrenzADAS for best
▸Camera-based sensor fusion customer experience
▸Integration of ultrasonic ECU

Advanced parking use cases Cost-competitive

▸Reverse assist platform
Maintain leadership ▸Memory park
(30% market share today) in ▸Valet/remote park
fusion-based1 parking systems ▸Trailer park
Offer higher automation
levels for premium from 2021 Potential for ADAS low speed /
high speed convergence through partnership
1. Ultrasonic and image sensor fusion

50 ● Capital Markets Day – February 22nd, 2021

❷ Maintain leadership in vision systems
and enter emerging e-Mirror segment

Ambition Faurecia differentiators for surround view

and e-Mirror systems

Proprietary design cameras Optimized integration in cluster

Maintain leadership (1 megapixel) leading to significant savings
(15% market share today)
on surround view systems Active safety Image enhancement
▸ Object sensing improvement ▸ Environment depth
Strong growth potential with AI (pedestrian, lines, vehicles)
expected in e-Mirror systems ▸ 3D rendering
▸ Advanced processing (fog, night, rain)
▪ >€1bn market in 2025 >5% CO2 savings on commercial
vehicles

51 ● Capital Markets Day – February 22nd, 2021

❸ Acceleration across geographies and product lines

Rapid growth outside Japan Balanced product mix Diversified customer base

SALES PER GEOGRAPHY SALES PER PRODUCT LINE MAJOR CUSTOMERS

€2.5bn €2.5bn
20%
44%
12%

33% 21
32%
€0.7bn €0.7bn
17%
11% 57%
27% 35% 8
22% 24%
45% 21%

2020 2025e 2020 2025e 2019 2025e

Cockpit Electronics
Japan & ASEAN China Europe North America Display Technologies 48% of 2020 order intake with
Advanced Driver Assistance Systems
new customers
52 ● Capital Markets Day – February 22nd, 2021
Clarion Electronics turnaround on track & 2025 targets confirmed

Sales to reach €2.5bn in 2025 Main drivers

Profitability close to Group average by 2025
▸Cost competitiveness
Sales Operating Margin (as a % of sales)
▪ Headcount productivity
€2.5bn
▪ R&D competitiveness
▪ Footprint optimization
€1.4bn ≥7.5%
€1.0bn ▪ Bill of Materials savings
€0.7bn
1.5% 6.0% ▸Innovation-driven acceleration
in 3 strategic product lines
2019 proforma 2020 2022e 2025e
▸Commercial acceleration
€4.4bn c. 3.5x
Cumulated 2 year Between 2020 and 2025
order intake (2019-2020)

53 ● Capital Markets Day – February 22nd, 2021

Clarion Electronics key takeaways

Clarion Electronics integration completed in 18 months

▸ >€80m savings in 2020

▸ €2.5bn order intake in 2020 vs. €2.1bn targeted

▸ Breakeven achieved in 2020 despite challenging environment

Sales more than double between 2019 and 2025 to reach €2.5bn with profitability close
to Group average at ≥7.5% in 2025

▸ Balanced product line mix in 2025 and strong growth outside Japan

▸ Confirm 2025 targets presented at 2019 CMD

54 ● Capital Markets Day – February 22nd, 2021

 Faurecia
Clean Mobility
Mathias MIEDREICH
Executive Vice President, Clean Mobility Business Group

Yves ANDRES
Senior Vice President, Clean Mobility Europe Division

● Capital Markets Day – February 22nd, 2021

Clean Mobility focuses on leadership in 3 product lines
to ensure profitable growth in the short, medium and long term

Ultra-low Emissions Ultra-low Emissions Zero Emissions

for Passenger Vehicles for Commercial Vehicles and Industry Hydrogen Solutions

▸Consolidate #1 position ▸Reach #1 position ▸Become a leader in:

and maintain high with accretive margin
▪ Hydrogen storage systems
profitability and distribution services
▪ Fuel cell stack systems and services
through Symbio, a JV with Michelin
56 ● Capital Markets Day – February 22nd, 2021
Accelerated momentum for powertrain electrification
drives assumption of 30% electric vehicles in 2030

GLOBAL POWERTRAIN MIX

(Passenger & light commercial vehicles)

2%
Electrification acceleration post-2025 driven
3% 9%
10% by regulations, TCO and infrastructure.
28%
32%
2% fuel cell in 2030 represents 2 million
passenger vehicles. Commercial vehicles will
37%
87% represent an additional 500,000 fuel cell
vehicles.
59%
33%
Faurecia CMD 2019 fast electrification
scenario confirmed.
2019 2025e 2030e

Pure ICE Hybrids BEV FCEV

57 ● Capital Markets Day – February 22nd, 2021

Profitable growth drivers
Clean Mobility Business Group

❶ REINFORCING LEADERSHIP POSITION IN ULTRA-LOW

EMISSIONS FOR PASSENGER VEHICLES
Increased content per vehicle for hybrid powertrains
Operational excellence
❸ HYDROGEN AS A GAME Strong cash generation
CHANGER
Strong momentum for hydrogen ❷ BECOME MARKET LEADER IN ULTRA-LOW
mobility EMISSIONS FOR COMMERCIAL VEHICLES
Unique capabilities in hydrogen & INDUSTRY
storage systems and distribution Increased content per vehicle driven
services by regulation
Strong complementarity Market share gains
with Michelin for fuel cell
stack systems and services Strong market rebound after extreme
through Symbio JV 2020 low point

58 ● Capital Markets Day – February 22nd, 2021

❶ Content per vehicle boosted by
depollution constraints, new regulations, acoustics and space
Illustration on PHEV

New architectures Innovation Driving content per

and constraints required to meet objectives vehicle increase

-85% depollution €270

objectives vs. Euro 6d Low temperature increases
Cleaner complexity €195
€190
Seamless acoustic Acoustic valve
Better acoustic
transition from electric
performance Resonance free pipe
powertrains to ICE
More compact Electric heated catalyst
-30% space available systematic by 2030
due to battery volume

2021 2025e 2030e

59 ● Capital Markets Day – February 22nd, 2021

❶ Clean Mobility well positioned
on fast-growing passenger vehicle segments with higher content per vehicle

Pure ICE Mild hybrid Plug-in hybrid

2020 market share 25% 26% 36%

Market volume CAGR

2020-2030
-3% +25% +19%
€270

€200 €190 €195

€175 €180 €185
€170 €170

Content per vehicle

2021 2025 2030 2021 2025 2030 2021 2025 2030

60 ● Capital Markets Day – February 22nd, 2021

❶ Faurecia secures strong positions in engine platforms
with long lifetime and hybrid configurations

Recent awards with start of production between 2021 and 2023

SPA2 MPC HE R4 EMP2v4 M254 G 262 HE

2.0L petrol 1.5/2.0/2.3L petrol 2.0L petrol 1.6/1.2L petrol 2L 4cyl petrol 1.5L petrol

230K 440K 410K 480K 340K 300K

Cars / y Cars / y Cars / y Cars / y Cars / y Cars / y

Engine platform lifetime further extended to up to 10 years

with opportunities for technology evolution during lifetime
61 ● Capital Markets Day – February 22nd, 2021
❶ Aggressive fixed cost reduction plan
to deliver €100m savings in 2022 as a first step

Digital Processes Automation Standardization Massification

▸ Artificial Intelligence ▸ AGVs and robots ▸ Standard Equipment ▸ From 7 to 11 large

Visual Inspection (Welding-Cells) plants (>€150m sales)

+25% sales/sqm in 2025 vs. 2019

-60% CAPEX in 2025 vs. 2019
62 ● Capital Markets Day – February 22nd, 2021
❶ Sustained sales and profitability with strong cash generation
Ultra-low emissions for passenger vehicles

Sustained sales Main drivers

even with 30% electric vehicles in 2030

€4.2bn €4.2bn ▸Growing content for hybrid vehicles

€4.1bn
€3.8bn
€3.4bn

▸Strengthening leadership position

▸Operational excellence
2019 2020 2022e 2025e 2030e

Market
share 26% 28% 29% 30%
▸Strong cash generation

63 ● Capital Markets Day – February 22nd, 2021

❷ Ultra-low emissions for commercial vehicles & industry
Content per vehicle to increase by 2030 driven by new regulations

China on-highway CN6

deployment
2019 2025 North America, Europe 2030
China off-highway and China ultra-low NOx
Faurecia
average CPV1 €400 €480 €615
BHARAT 6 ADDITIONAL ULTRA-LOW
BHARAT 4 CHINA 6 NOX CONTENT

Reliability Space & cost savings, High de-NOx at low temperature

and price better serviceability 2m vehicles equipped by 2030

1. CPV reflects mix across regions and commercial vehicle segments

64 ● Capital Markets Day – February 22nd, 2021

❷ Major on-highway awards achieved in every region
primarily conquest business

Recent on-highway awards On-highway market share

with start of production between 2021 and 2023 evolution ambition
North
America Europe India China 2020 2025e

19% 28%

▸#1 medium
and heavy-
▸#1 heavy-
duty platform
▸#1 medium
and heavy-
▸Platforms
with top 3
80%
duty platform duty medium/heavy-
of 2025 sales
▸#1 light-duty platform duty OEMs awarded
CV platform

65 ● Capital Markets Day – February 22nd, 2021

❷ Profitable growth to become market leader
Ultra-low emissions for Commercial Vehicles & Industry

Sales to more than double to reach €1.3bn Main drivers

in 2025

Commercial vehicles Industry (Hug Engineering)

▸Content per vehicle
€2.1bn

€1.3bn ▸Market share gains in Europe

and China

€0.6bn €0.7bn
€0.4bn
▸Volume rebound

2019 2020 2022e 2025e 2030e

Market
share 17% 19% 24% 25%

66 ● Capital Markets Day – February 22nd, 2021

❸ H2 availability and affordability drives €17bn market in 2030
with 2.5m passenger and commercial vehicles

Fuel cell market drivers Fuel cell addressable market

2030 Tanks
2030 Average 2030 value
hydrogen
vehicle
-powered
Stacks €17bn
production Storage
vehicles Stacks
sytems
Passenger & light commercial vehicles
100m 2m €2k €4k
€6.5bn

City buses & coaches

0.5m 50-100k €6k €10k

Medium-duty vehicles €10.5bn

1.0m 100-150k €10k €12k €2.6bn
€0.7bn
€1.3bn
€0.4bn €0.3bn
Heavy-duty vehicles €1.3bn
2.4m 200-250k €25k €25k 2020 2025e 2030e

67 ● Capital Markets Day – February 22nd, 2021

❸ High entry barriers
accelerate hydrogen market consolidation

High barriers to entry… … lead to a market becoming structured

around a few players
Complex technical know-how
Mastery of several fields of expertise Global
Tier 1s OEMs Specialists
in products and process

Scale effect mandatory Hydrogen

% Return on investment requires storage 3
significant volumes systems
and services

Automotive requirements 3 1
For sales, development and industrialization

Fuel cell
Time-to-market stacks
systems
2 5 4
Solutions and systems need to be already in
development and services

68 ● Capital Markets Day – February 22nd, 2021

 ❸ Faurecia and its joint venture Symbio
address 75% of the fuel cell value chain

% of total Hydrogen Storage System (HSS) Fuel Cell Stack System Auxiliaries
value 40% 35% 25%

INTERFACES
MEMBRANE ENDPLATE ELECTRIC COOLING, AIR
FUEL OTHER BIPOLAR AND
VALVE ELECTRODE + OTHER & COMPRESSOR,
CELL TANK COMPONENTS PLATES CONTROLS
ASSEMBLY COMPONENTS ELECTRONICS …
LAWS

€150m per year invested in R&D

69 ● Capital Markets Day – February 22nd, 2021 including 100% of Symbio
❸ Industrializing technical innovation
in hydrogen storage systems and services
Product Range Key Features
Commercial vehicle systems
▸Full hydrogen storage delivery
EC79 Homologation
▸> 7% hydrogen weight
efficiency

▸Competitiveness through best- Pilot line and state-

in-class carbon fiber cost and of-the-art test center
content since 2020
Passenger vehicle systems
▸Sensors, IOT, new materials
& services
3 plants in 2021
In China, Korea and
Europe
▸Liquid hydrogen
(under investigation)

70 ● Capital Markets Day – February 22nd, 2021

❸ Michelin & Faurecia:
unique complementary competences for fuel cell systems

▸2,000 engineers with unique

expertise in fluid dynamics,
▸20 years of advanced R&D
catalysts, and system design
Technology on stacks and fuel cell systems
and ▸#1 automotive buyer of
know-how ▸600 material engineers
stainless steel with advanced
with chemistry expertise
expertise in metal and
(e.g. IP on membranes)
assembly processes
• 4 million kilometers
▸Innovative business models
achieved by vehicles equipped
including price per kilometer
▸Strong intimacy with all • Best-in-class power density
Customer major OEM powertrain
intimacy @ 5KW/L ▸Strong intimacy with fleet
and teams customers including off-
business • Full range of stack powers highway & mining
models ▸Leadership on hydrogen
storage systems • System integration
capabilities
71 ● Capital Markets Day – February 22nd, 2021
❸ Acceleration of customer activity
RFI/RFQ and pre-development paving the way for strong 2021 order intake

Passenger & light commercial Commercial vehicles Off-road & stationary

vehicles

Activity with 5 OEMs Activity with 6 OEMs Activity with 12 OEMs

in Europe and North America in Europe, North America in Europe, North America
and China and China

Initially 80k vehicles / year Potential 100k vehicles / year Initially 400 vehicles / year
(fleets only, serial production
volumes not yet known)

2022 sales already booked

72 ● Capital Markets Day – February 22nd, 2021

❸ Sales ambition: €500m by 2025 and >€3.5bn in 2030
Zero emission hydrogen solutions

Strong order intake target Comforting our sales ambition

2021 TARGETED 2022 2025 2030

ORDER INTAKE1

Total
Sales €50m €500m >€3.5bn

€500m

Tanks €30m €300m >€2.0bn

With leading OEMs Stacks
and balanced between (100% Symbio)
€20m €200m €1.5bn
light and heavy commercial vehicles
Targeting Business Group
average profitability in 2030
1. Including 100% of Symbio
73 ● Capital Markets Day – February 22nd, 2021
❸ Key takeaways
Zero emission hydrogen solutions

Hydrogen mobility is a €17bn market of 2.5 million vehicles in 2030

Faurecia is uniquely positioned to become a leader in hydrogen mobility across the value chain

▸ Automotive DNA with key R&D and industrialization capabilities

▸ Strong sales and R&D complementarities with Michelin

▸ Scale effect

Faurecia strong ambition to reach >€3.5bn sales in 2030 confirmed

▸ Several programs under development with major OEMs with start of production in 2021 or 2022

▸ Several RFI / RFQ processes ongoing with target of €500m order intake in 2021

74 ● Capital Markets Day – February 22nd, 2021

Clean Mobility profitable growth driven by 3 product lines
in the short, medium and long term

Sustained sales growth Main drivers

Sales Operating Margin (as a % of sales) €0.2bn €1.5bn
Non-consolidated Non-consolidated
▸ Growing content per vehicle
€8.4bn for passenger cars
and commercial vehicles
€5.8bn
€4.7bn €4.5bn
€3.8bn
▸ Increased market share
11.3% 11.5% ≥11.5% ≥11.5%
in all regions

2019 2020 2022 2025 2030 ▸ Fixed cost reduction

Zero emission through operational excellence
Ultra-low emissions for commercial vehicles and industry
Ultra-low emissions for passenger cars
▸ H2 sales takeoff reaching Business
€17bn c. +350bps1 Group average profitability by 2030
Cumulated 3-year order Overperformance vs. vehicle
intake 2018-2020 production in 2020-2025
1. Vs. Faurecia estimate of 2021-2025 worldwide automotive production

75 ● Capital Markets Day – February 22nd, 2021

Clean Mobility key takeaways

3 product lines ensure profitable growth in the short, medium and long term

Faurecia will reinforce its leadership in ultra-low emission technologies

for passenger and commercial vehicles

▸ Cash generated by ultra-low emissions will fuel acceleration in hydrogen mobility

Faurecia is uniquely positioned to become a leader in hydrogen mobility

for both fuel cell stacks and hydrogen storage systems & distribution services

▸ Targeting €500m sales in 2025 and >€3.5bn sales in 2030

76 ● Capital Markets Day – February 22nd, 2021

 ESG Highlights
Nolwenn DELAUNAY
Executive Vice President, Group General Counsel

Rémi DAUDIN
Vice President, Sustainable Transformation

● Capital Markets Day – February 22nd, 2021

Agenda

Sustainability roadmap
1 Nolwenn DELAUNAY

Ambitious program for the planet

2 Rémi DAUDIN

Independent governance and new shareholder base

3 Nolwenn DELAUNAY

78 ● Capital Markets Day – February 22nd, 2021

Our strong Convictions are at the heart
of our culture and drive our sustainability strategy

Environmental
Power
issues pose a Diversity
must have
serious challenge is a strength
a counterbalance
for humanity

Short-term
The world Companies
thinking
is in a state must have
jeopardizes
of permanent a positive impact
future
disruption on society
generations

79 ● Capital Markets Day – February 22nd, 2021

A clear sustainability roadmap

Respect for the planet Responsible business practices Responsible employer

▸CO2 neutral in operations ▸Business ethics ▸Safety as 1st priority
CO2 neutral for scopes 1 & 2 by 2025 100% of employees trained FR1t <1.2 by 2025
on the Code of Ethics

▸Eco-design in products ▸Responsible supply chain ▸Diversity & inclusive culture

CO2 neutral for controlled emissions by >90% of suppliers assessed 30% of female Managers & Professionals
2030 by Ecovadis by 2025 (M&Ps) by 2025

▸Investment for sustainable ▸Learning ambition

technologies 25h/year/employee by 2025
€1.1bn cumulated 2021-2025

STRONG CORPORATE GOVERNANCE

80 ● Capital Markets Day – February 22nd, 2021

Fostering an inclusive culture for gender diversity

Focus on female recruitment, training and

2025
development 2020
TARGET
▸ 33% female recruitment in 2020 vs. 26% in 2018 % of female M&Ps1 25% 30%
Training on inclusive culture for all managers % female in top 300
16% 24%
managers
Gender diversity included in top 300 managers
long term incentive

Commitment to equal pay

Signatory of UN Women’s Empowerment

principles

1. Managers and professionals

81 ● Capital Markets Day – February 22nd, 2021

Agenda

Sustainability roadmap
1
Nolwenn DELAUNAY

Ambitious program for the planet

2 Rémi DAUDIN

Independent governance and new shareholder base

3 Nolwenn DELAUNAY

82 ● Capital Markets Day – February 22nd, 2021

Our approach towards CO2 neutrality

We embarked on … with 2 key milestones… … across 3 streams

1 journey...
By 2025 CO2 neutral in operations Operations
Eco-design
By 2030 CO2 neutral for controlled
emissions1 Compensation (in value chain)

With a focus on high reputational credibility

1. excluding use phase emissions

83 ● Capital Markets Day – February 22nd, 2021

CO2 neutral in operations by 2025
Partnership with Schneider Electric for speed and technology
Roadmap validated

SCOPES 1 & 2
as compared to 2019 reference
Electricity
reduction
Use less
(saving)
Eliminate Heat
920 ktCO2 reduction

Internally
produced
Use better
(renewable)
Power Purchase
2020 2021 2022 2023 2024 2025 Agreements
Use Less Use Better Total

All 2020 figures have been audited by Mazars.

84 ● Capital Markets Day – February 22nd, 2021

Eco-design for reducing emissions in products
in all Business Groups
Roadmap validated

SCOPE 3 Lightweight
Use less

Eliminate Architecture & modularity

>4 Mt CO2
22
Green manufacturing

12
-4.2%/y Use better Recycled content
9.5
5.1
2019 2030 2050
Bio-sourced materials
Scope 3 controlled Scope 3 uncontrolled SBTi

All 2020 figures have been audited by Mazars.

85 ● Capital Markets Day – February 22nd, 2021

Value chain governance to achieve ambition
Driving the change to make the transformation happen

Suppliers In-house OEMs

Sustainability Anticipate Early plans on

score suppliers Internal “shadow” price
▸Prototypes
of CO2
Calculate CO2 ▸Raw Material
through “costing” tool Engage managers
▸Innovation
KPIs
Advise ▸Circular economy
on generic action plan Innovate (recycling, repairing,
for CO2 reduction Product Life Cycle refurbishing)
Assessment

86 ● Capital Markets Day – February 22nd, 2021

Avoiding CO2 emissions through innovation & circular economy

Energy
savings
Display consumption,
exhaust heat recovery…

30% CO2
avoided

Extended
>26 Mt Zero
emissions
life CO2 avoided1 technologies
Electronic repair lab… Fuel Cell & H2 Storage
50% CO2 100% CO2
avoided
avoided

1. Life Cycle Assessment, Symbio accounted for 100%

87 ● Capital Markets Day – February 22nd, 2021
Commitments for the planet

COMMITMENTS KPI 2019 2025 2030

CO2 emissions scopes 1&2: Mt CO2eq 0.92 ~0

Environment-friendly
Energy intensity: MWh/€ million of sales 117 -20%
in operations
Waste intensity: Tons/€ million of sales 15 >-10%

CO2 emissions Scope 3: Mt CO2 equivalent 8.6 -46%

Eco-design
for products Recycled content in new products: in % 30% 40%
Simplified Life Cycle Assessments
(% of innovation projects)
~5% 100%

Investment
Cumulated investment 2021-2025 €1.1bn
for sustainable technologies

88 ● Capital Markets Day – February 22nd, 2021

Agenda

Sustainability roadmap
1 Nolwenn DELAUNAY

Ambitious program for the planet

2 Rémi DAUDIN

Independent governance and new shareholder base

3 Nolwenn DELAUNAY

89 ● Capital Markets Day – February 22nd, 2021

Increased independence
and strong commitment of Board of Directors

82%*
independent
Board Members
Changes in the Board A diverse, international, (versus 61.5%* in 2019)
composition enhancing multidisciplinary Board
its independence of Directors
▸ Departure of three Board ▸ 13 Board Members, including 27
Members representing PSA 2 representing employees meetings of the Board
and 5 women (45.5%*) and its Committees
▸ Appointment of Jean-Bernard Levy
in 2020 with increased
as new independent Board Member ▸ 6 nationalities
rhythm during crisis
and Chairman of the Governance,
▸ Bringing 10 key competence +1 meeting with independent
Nominations and Sustainability
fields to Faurecia Board members only
Committee
* Excluding Board members representing employees

90 ● Capital Markets Day – February 22nd, 2021

Increased free float and diversified shareholder base

At spin-off, free float will increase to 85% (from 53% at December 31st, 2019)
FAURECIA SHAREHOLDING STRUCTURE FAURECIA SHAREHOLDING STRUCTURE
AT CLOSURE OF FCA-PSA MERGER AT SPIN-OFF

13.3%
Under lock-up for 6 months:

STELLANTIS Other ▪ Exor: 5.5%

39.3% 38.5%
distributed Free Float ▪ Maillot 1/Peugeot: 3.2%
Free Float
59.5% 85.0% ▪ BPI: 2.4%
Other
1.2%
▪ Dongfeng: 2.2%

0.8%
retained*

* Dedicated to GM subscription bonds

91 ● Capital Markets Day – February 22nd, 2021

Launch of an employee shareholding plan post spin-off

An opportunity to engage employees in Faurecia’s

future development

Non-dilutive plan through share buyback program

of max. 2% of share capital will give total
employee shareholding of up to 2.6%

15 countries (around 90% of employees)

Reservation period1 Price fixing Cancellation Period Share Delivery

from May 7 to 21, 2021 June 22, 2021 from June 23 to 25 July 28, 2021

1. Provisional calendar

92 ● Capital Markets Day – February 22nd, 2021

 Financial Ambition
Michel FAVRE, Chief Financial Officer

● Capital Markets Day – February 22nd, 2021

Underlying worldwide automotive production assumptions

Faurecia’s assumptions are slightly more IHS Markit Faurecia

conservative than IHS Markit
91.6 92.0
▸ 82.3m LVs in 2022 (vs. IHS Markit @ 85.0m)
90.9
▸ 90.9m LVs in 2025 (vs. IHS Markit @ 92.0m)
85.4 85.0
Recovery >15% over the two-year period 82.3
2020-2022
▸ China ≥ pre-Covid volumes by 2021
Faurecia assumptions
▸ North America ≥ pre-Covid volumes by 2022 CAGR 2020-2022: +7.9%
CAGR 2020-2025: +5.2%
2025 volume back to 2017 level, 70.7
i.e. above 90m vehicles
2017 2018 2019 2020 2021 2022 2023 2024 2025

Source: IHS Markit forecast dated February 2021 (vehicles segment in line with CAAM for China)

94 ● Capital Markets Day – February 22nd, 2021

Sales 2022 target and 2025 ambition by Business Group
CAGR c. +11%
Average annual outperformance
> +500bps
≥ €24.5bn Strong growth for Seating
CAGR
2020-2025
c. 3.5x ▸ Strong average outperformance > +600bps
c. +13% over the period 2020-2025
≥ €18.5bn
€17.8bn 2020-2025
CAGR c. +9%
Growth of Interiors boosted by SAS
€14.7bn
▸ SAS almost doubling sales between 2020 and 2025
2020-2025
CAGR c. +9%

Sustained growth of Clean Mobility

▸ Commercial vehicles tripling sales between 2020
and 2025
2020-2025
CAGR c. +11%
▸ Hydrogen sales to reach €500m in 2025

Turnaround of Clarion Electronics

2019 2020 2022e 2025e
▸ Doubling sales between 2020 and 2022
Seating Interiors Clean Mobility Clarion Electronics
and confirmed target of €2.5bn in 2025

2022 and 2025 figures are at 2021 constant scope and constant currencies (1.18 for USD/€ and 8.15 for CNY/€)
95 ● Capital Markets Day – February 22nd, 2021
Sales 2022 target and 2025 ambition by region

≥ €24.5bn Strong double-digit sales growth

in Asia and North America

30% ▸ Asia: 2020-2025 CAGR of c. 15%

≥ €18.5bn
€17.8bn ▸ North America: 2020-2025 CAGR > 10%
€14.7bn 26%
21%
25% High single-digit sales growth in Europe
24%
25% 25%
▸ 2020-2025 CAGR of c. 8%
25%

40% Positive geographic sales mix evolution

49% 43%
47%
▸ Asia: 30% of Group sales in 2025 vs. 21% in 2019
▸ Europe: 40% of Group sales in 2025 vs. 49% in 2019
2019 2020 2022e 2025e
ROW (incl. S.A.) Europe North America Asia

2022 and 2025 figures are at 2021 constant scope and constant currencies (1.18 for USD/€ and 8.15 for CNY/€)

96 ● Capital Markets Day – February 22nd, 2021

Drivers for operating margin improvement

Volume growth driven by:

▸ Market recovery
▸ Outperformance (Annual order intake ≥ €25bn as from 2019 + CPV increase) GROUP

▸ Increased profitability of new business >8%

8%
7.2%
Significant reduction of cost structure to reach
an operating margin of 8% in 2022
▸ Accelerated cost reduction in 2020 with €145m recurring fixed cost savings 2.8%
▸ Additional recurring fixed cost savings to secure above €200m by 2022 (vs. 2019)

Continued restructuring efforts beyond 2022

2019 2020 2022e 2025e
▸ Back to a normalized level of €80-100m as from 2022 (after €286m in 2020 and c. €120m in 2021)

SEATING INTERIORS CLEAN MOBILITY CLARION ELECTRONICS

11.3% 11.5% ≥ 11.5%

≥7.0% ≥7.5% ≥7.0% ≥7.5% ≥7.5%

6.5% 5.5% 6.0%

1.4%

2019 2020 2022e 2025e 2019 2020 2022e 2025e 2019 2020 2022e 2025e 2019 2020 2022e 2025e

97 ● Capital Markets Day – February 22nd, 2021

Profitability 2022 target and 2025 ambition

EBITDA of c. €3.6bn in 2025 exceeding 14.5% of sales

c. €3.6bn
>€2.7bn
€2.4bn

€1.7bn
> 8%
8% >sales
of 8%
of8%
sales of sales
7.2% of sales
of7.2%
sales
of sales

2019 2020 2022e 2025e

Op. income D&A

98 ● Capital Markets Day – February 22nd, 2021

Transforming profitable growth into strong cash generation

Selectivity in Capex ≤ 3.5% of sales as from 2021

Strict rules for R&D capitalization
▸ Only development costs specifically sold to customers are capitalized
▸ Capitalized amounts are amortized as costs of sales along related revenue recognition (≤ 5 years)

Improvement in WCR driven by:

▸ Continuous reduction in inventories (targeting one day less in 2021 and 2022 to reach benchmark level)
▸ Accelerating collection of D&D and tooling (targeting > 50% paid at SOP)

Factoring of receivables contribution stabilized at c. €1bn at every year-end

Cash effect of restructuring capped at c. €100m as from 2022 (c. €180m in 2021)

Net Cash Flow at 4% of sales in 2022 (c. €750m) and close to 4.5% in 2025 (c. €1.1bn)
Cumulated 5-year Net Cash Flow (2021-2025) > €4bn

99 ● Capital Markets Day – February 22nd, 2021

A clear cash allocation strategy

€1.25
Dividends €1.10 €1.00**

Covid-19 crisis
& share repurchases* €0.90
c. 40% €0.65
c. 60% €0.35
Bolt-ons
& deleveraging
2015 2016 2017 2018 2019 2020 2021

Confirmed net cash flow allocation strategy Dividend policy for a fair shareholder remuneration

▸40% to dividends and share repurchases* ▸Return to paying a dividend as soon as 2021
(€1 per share**) reflects Faurecia’s confidence
▸60% to deleveraging and/or bolt-on acquisitions in profitable growth prospects

▸Targeting continuous increase in dividend

as profit and cash generation increase

* Mainly allocated to performance share plans, to avoid dilution for shareholders ** Subject to approval at the Annual Shareholders’ Meeting to be held on May 31, 2021

100 ● Capital Markets Day – February 22nd, 2021

Financial policy and ongoing deleveraging

Long-term liquidity resources by maturity at Dec 31, 2020

Financial policy focused on: (proforma €190m tap issue of January 2021)

▸ Limiting exposure to bank credit (bonds = 73% of LT gross debt*) 1 600

▸ Constantly optimizing debt cost and maturity 1 400

▪ Average cost of LT gross debt* < 2.7%

1 200
▪ No significant debt repayment before 2025
▪ High flexibility restored since peak of Covid-crisis 1 000

▸ 100% undrawn credit facility of €1.2bn (maturity June 2024)

800
▸ Additional flexibility through €0.3bn of bank overdrafts
600

Sound financial structure & continuous deleveraging

2.625%
2.375%
400 3.125%
3.75%
▸ Net-debt-to-EBITDA ratio < 1.5x at end 2021
200
▸ Net-debt-to-EBITDA ratio around 1x as from end 2022
0
Targeting improved credit rating by rating agencies 2021 2022 2023 2024 2025 2026 2027 2028
Bonds Schuldschein Bank loans Other undrawn lines
* Excluding IFRS16 debt

101 ● Capital Markets Day – February 22nd, 2021

Back to strong profitable growth & cash generation from 2021

2021 GUIDANCE 2022 TARGETS 2025 AMBITION

Worldwide auto production est. @ c. 76.6m Worldwide auto production est. @ c. 82.3m Worldwide auto production est. @ c. 90.9m

Sales ≥ €16.5bn Sales ≥ €18.5bn Sales ≥ €24.5bn

incl. scope & currency effects of c. €(610)m at 2021 constant scope & currencies at 2021 constant scope & currencies

2020-2025 sales CAGR c. +11% representing average annual outperformance > +500bps

Operating margin c. 7% Operating margin at 8% Operating margin > 8%

Net Cash Flow of c. €500m Net Cash Flow at 4% of sales Net Cash Flow close to 4.5%
incl. restructurings for c. €(180)m representing c. €750m of sales representing c. €1.1bn

Cumulated 5-year Net Cash Flow > €4bn driving continuous deleveraging

102 ● Capital Markets Day – February 22nd, 2021

 Takeaways and Q&A

● Capital Markets Day – February 22nd, 2021

Key Takeaways

Strategy focused on the Cockpit of the Future and Sustainable Mobility confirms its
potential for strong sustainable profitable growth
▸ All 2022 targets confirmed
▸ More than +500 bps average annual sales outperformance 2020-2025 to reach
close to €25bn sales in 2025
▸ Cumulated net cash flow >€4 billion by 2025

Unique position in zero emissions hydrogen solutions will allow Faurecia to become a
leader in hydrogen mobility with sales1 of €500m in 2025 and >€3.5bn in 2030

Strong Convictions and Values drive Faurecia’s sustainability initiatives and in particular its
ambition to be CO2 neutral by 2030

Upcoming change in Faurecia’s shareholding structure will offer new opportunities for
value creation
1. Including Symbio at 100%

104 ● Capital Markets Day – February 22nd, 2021