Capital Day November 26th, 2013
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 PSA PEUGEOT CITROËN may be obtained on group website (www.psa-peugeot-citroen.com), under Regulated Information. PSA Peugeot Citroën Capital Third Day quarter - November revenues 26 th, 2013 October 23 rd, 2013
Part I Capital Day November 26th, 2013
CAPITAL DAY MAXIME PICAT PEUGEOT BRAND CEO
EXCELLENCE ALLURE EMOTION 3
BRAND STRATEGY > UP-MARKET MOVE & INTERNATIONALISATION 4
NEW 308, UP MARKET MOVE VS PREVIOUS 308 RESIDUAL VALUE GERMANY -DAT 39% (+ 4 PTS VS PREVIOUS 308) ITALY QUATTRORUOTTE 41% (+13 PTS) SPAIN EUROTAX 45% ( +10PTS) FRANCE ARGUS 46% (+ 9 PTS) TCO FRANCE Excl. RV 36 months 90 000 km - 11% VS PREVIOUS 308 (275 VS 308 ) 5
HIGHLY POSITIVE PRESS COVERAGE FOR THE NEW PEUGEOT 308 > Everything has changed, except its name > Lighter, thinner > premium footprint > True dynamic performances > Additional engines to come > A large trunk 6
MOVE UP-MARKET THROUGH A POSITIVE EVOLUTION OF THE MIX 208 B HATCH 3 RD RANK IN EUROPE AND MORE THAN 470 000 VEHICLES SOLD IN THE WORLD LEVEL 3 & 3+: 31% 2008 70 000 ORDERS (> TARGET) LEVELS 3 & 3+: 70% (77% IN FRANCE) NEW 308 21 000 ORDERS (SINCE SEPTEMBER) (> TARGET) LEVELS 3 & 3+: 54% (60% IN FRANCE) 3008 CHINA 45 000 ORDERS (> TARGET) LEVEL 3: 53% 7
2008: FIRST IN ITS SEGMENT IN FRANCE PASSENGER CAR MARKET FRANCE 0,045 0,04 0,035 0,03 0,025 0,02 0,015 B-MAX JUKE MOKKA 2008 C3 Picasso Captur 0,01 0,005 0 8
308: FIRST IN ITS SEGMENT IN FRANCE PASSENGER CAR MARKET FRANCE 0.04% 0.03% 0.03% 0.02% VOLKSWAGEN GOLF RENAULT MEGANE PEUGEOT 308 CITROEN C4 0.02% FORD FOCUS 0.01% 0.01% 0.00% 9
UP MARKET MOVE: PEUGEOT RCZ R «Peugeot must be confident in the new RCZ R s ability to take the fight to rivals as the Porsche Caiman.» En resumen, el Peugeot RCZ R se erige como un digno rival del Audi TTS y otros modelos como, incluso, un Porsche Cayman. > 55 000 COUPÉ RCZ SOLD SINCE 2010 > A SPORT VERSION «R» (270 HP), DEVELOPPED WITH PEUGEOT SPORT, WILL BE LAUNCHED BEGINNING OF 2014 > C SPORT COUPÉ SEGMENT ENTRY PRICE: 42 900 10
PEUGEOT S INTERNATIONALISATION: PERCENTAGE OF SALES OUTSIDE EUROPE % SALES OUTSIDE EUROPE ON TRACK PEUGEOT TOP 5 MARKETS (10 months 2013) 25 30 33,5 39 44 MARKET SALES 1- FRANCE - 7.1% - 6% (270 000) 2- CHINA + 16.6% + 27% (207 000) 3- UK + 10.2% + 4.7% (112 000) 4- ARGENTINA + 12.7% + 16.3% (83 000) 2009 2010 2011 2012 10 months 2013 5- ALGERIA - 0.8% + 17.1% (65 000) On track towards 50% of sales volume outside Europe in 2015 11
PEUGEOT 301, DESIGNED TO CONQUER NEW CUSTOMERS NEW SEDAN DEDICATED TO INTERNATIONAL B/C SEGMENT MORE THAN 60 000 VEHICLES SOLD ( > target) A RICH MIX WITH UPPER LEVELS AT 49% (> TARGET) ENTRY PRICE (ALGERIA, RUSSIA, TURKEY): 10 537 AVERAGE PRICE PAID (ALGERIA, RUSSIA, TURKEY): 13 275 LAUNCHED IN CHINA IN NOVEMBER 2013 12
PEUGEOT DEVELOPMENT IN CHINA NETWORK + 90 STORES (+30% vs 2012) COVERING 71.5% CITIES CUSTOMER SATISFACTION FIRST BRAND IN AFTER SALES FIFTH IN SALES SOURCE JD POWER 13
CURRENT PRODUCT RANGE 2010 2011 2012 2013 408 508 308 3008 HATCH B C D LOWER MIDDLE UPPER 207 307 SEDAN CUV 207 Sedan 308 408 508 3008 14
PRODUCT STRATEGY AND MOBILITY 15
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QUALITY 17
EFFICIENCY BEST IN CLASS CO2 PSA Group CAFE is at 116.9g at the end of september (-5.5g vs 2012) vs a market at 127.6g PSA is second manufacturer in Europe New 308: CO² best in class LIGHTER VEHICLES: - 140 kg for New 308 vs previous 308-110 kg for 208 vs 207 EMP2 TECHNOLOGIES: STOP&START, HYBRYD 4, HYBRID AIR Total HYbrid4 sales (since launch) = 30 000 3008 HYbrid4 = 11% of total 3008 sales in 2013 (508 = 16%) 18
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PEUGEOT 208 CUSTOMERS FEED BACK 21
OUR STRENGTHS IN URBAN MOBILITY MEANS OF MOBILITY SERVICES CONNECTED SERVICES BICYCLES & SCOOTERS PEUGEOT CONNECT SOS AND ASSISTANCE CARRIED BY THE BTA AE21 15 000 REGULAR CUSTOMERS 70% OF THESE ARE NEW TO PEUGEOT 30% DO NOT OWN A CAR 55% INTEND TO BUY A VEHICLE IN THE NEXT 2 YEARS (INDEPENDENT TELEMATIC UNIT) PEUGEOT CONNECT APPS METROPOLIS 22
DEALER NETWORK 23
A NEW CORPORATE IDENTITY IN LINE WITH UP MARKET STRATEGY END OF 2015: 100% NEW BLUE BOX NEW INTERIOR FURNISHING 24
CHANGE A WORLDWIDE IN THE DEPLOYMENT AVERAGE PRICE TO PAID ENSURE IN THE AND G5 FOSTER COUNTRIES THE UPGRADING MARMANDE - FR BEFORE NOW NIJKERK - NL NOW BEFORE NOW 25
A COHERENT, CONSISTENT AND CREDIBLE OFFENSIVE 26
A POWERFUL PRODUCT PLAN MODEL RANGE RENEWED 3.2 YEARS AVERAGE MODEL AGE AT END OF 2014 REGULAR PRODUCT LAUNCHES IN CHINA WORLDWIDE MODERNITY AND COHERENCE 27
EXCELLENCE ALLURE EMOTION 28
Part II Capital Day November 26th, 2013
Strengthened R&D competitiveness Gilles Le Borgne Executive Vice President R&D
Strengthened R&D performance and competitiveness From 3 to 2 core platforms: EMP2 and EMP1 Modularity benefits New models developed on a worldwide basis Increased R&D processes efficiency PSA Peugeot Citroën Capital Third Day quarter - November revenues 26 th, 2013 October 23 rd, 2013 2
EMP2: what has been announced in February 2013 Efficient Modular Platform (EMP2): scale effect through a larger global platform For C&D segments, 50% of Group production Opportunities for product development Shared components in a broader variety of vehicles and segments: hatchback, coupé, cabriolet, estate, CUVs, MPVs, LCVs Global roll out: operational in 2013 in Europe and in China in 2014 Improved competitiveness & low CO 2 emissions -80kg weight savings -22% CO 2 consumption Design to cost approach: TCO: -15% -10% parts vs. current platforms PSA Peugeot Citroën Capital Third Day quarter - November revenues 26 th, 2013 October 23 rd, 2013 3
EMP2: first results in November 2013 Citroën C4 Picasso and the New Peugeot 308 TARGETS ACHIEVEMENTS -80kg weight savings Average -70kg New Peugeot 308: -140kg Citroën C4 Picasso: -140 kg -22% CO 2 consumption Average -22% New Peugeot 308: 99 g * (vs 121 g on old 308) Citroën C4 Picasso: 109g* (vs 137g on old C4p) TCO -15% Average -13% New Peugeot 308: - 11% Citroën C4 Picasso: - 13% -10% parts vs.actual platforms Average -8% for both vehicles * According PAFE: Program Average Fuel Economy PSA Peugeot Citroën Capital Third Day quarter - November revenues 26 th, 2013 October 23 rd, 2013 4
EMP2 next steps Efficient Modular Platform (EMP2): scale effect through a larger global platform A broad dimensional scope, aimed at meeting 50% of PSA worldwide volumes Opportunities for product development More to come, with 11 launches between 2014 (360 000 u/y) and 2018 (1 500 000 u/y) Operational in China in 2014 GM Alliance: platform used to develop SUV for C-Segment vehicles PSA Peugeot Citroën Capital Third Day quarter - November revenues 26 th, 2013 October 23 rd, 2013 5
EMP2, a recognized innovation PSA Peugeot Citroën Capital Third Day quarter - November revenues 26 th, 2013 October 23 rd, 2013 6
EMP1: best in class Platform for B segment Efficient Modular Platform (EMP1): scale effect through a larger worldwide platform for B Segment Opportunities for product development Up-grade our BVH1 to enhance styling, reduce costs and weight Keep current industrial major interfaces to minimize CAPEX Carry over from BVH1 (208 platform) for the architecture module perimeter > 30% Maintain interchangeability with existing or future modules (in particular 6.2) Improved competitiveness & challenging targets - 45 kg weight savings - 20% CO 2 consumption Reduction of materials costs: - 15% Reduction of TCO: - 20% First Launch: 2018 PSA Peugeot Citroën Capital Third Day quarter - November revenues 26 th, 2013 October 23 rd, 2013 7
Modularity benefits Carry-over policy: additional cost reduction confirmed Carry-over rate on new programs (%) 50 25 x2 First results on track Citroen C4 Picasso 5 seats: 25% Citroen C4 Picasso 7 seats: 78% (vs C4P 5 seats) New Peugeot 308: 45% New Peugeot 308 SW: 80% (vs new 308) 20% reduction in development costs confirmed Program management: densification of launches: from 2 years on average to 6 months between launches R&Dcost synergies 2011-2012 Next generation 18% reduction in module costs confirmed PSA Peugeot Citroën Capital Third Day quarter - November revenues 26 th, 2013 October 23 rd, 2013 8
More focused investments and leveraging scale Worldwide volume by model X2 Units per model global average 50,000 x2 100,000 Regional-specific models drastically reduced New models now developed on a worldwide basis: ex. Peugeot 2008, 308, Citroën DS5 R&D costs optimized 2012 2018 PSA Peugeot Citroën Capital Third Day quarter - November revenues 26 th, 2013 October 23 rd, 2013 9
Development on a worldwide basis 3 main R&D centers in the world implemented to support and adapt style and technologies AMLAT China 952p R&D center - Sao Paulo 13687p Europe 3 major R&D centers: - Vélizy (inc design) - Sochaux - La Garenne (PWT) 2300p 3 R&D centers - Shanghai (inc design) - Wuhan - Shenzhen PSA Peugeot Citroën Capital Third Day quarter - November revenues 26 th, 2013 October 23 rd, 2013 10
Development through optimized R&D process Continuous SOD* optimization: from a simple vehicle SOD, new types of projects are created, to optimize time to market and reduce development costs: On average: -20% development costs On average: -10 weeks versus a simple vehicle SOD Optimized R&D process Optimization of prototype costs by improving numerical simulation means No prototype phase on vehicle projects since C3 and DS3 No prototype phase for the new Diesel Engine Family 6.2 Program Management: maximize synergies between of the product line ups of our 2 brands Product Lifecycle Management (PLM) - First step: Q1 2014 * SOD: Standard Of Development PSA Peugeot Citroën Capital Third Day quarter - November revenues 26 th, 2013 October 23 rd, 2013 11
Technology innovation and CO 2 performance Gilles Le Borgne Executive Vice President R&D
PSA powertrain strategy based on performant technologies A «Clean Car» for all of our customers Petrol Range Diesel Range Hybridization 3G Auto-Transmission 2012 - EB NA: CO 2 reduction: - 10% Volumes: 350 000 since first launch 2014 EB Turbo PureTech CO 2 reduction: -18% Fun to drive 2016: launch in China 2013 - Diesel 6.1 Blue HDi Technology deployment starts in 2013 on 100% of PSA Diesel 6.1 engines 2017 - New Diesel engine family developped with Ford Generalization of availability of STT on all powertrains for 6.1 Hybrid 4 Premium on petrol and Diesel for segments C and D vehicles «Buy strategy» decided for an efficient automatic transmissions line up with the arrival of 3 new gearboxes PSA Peugeot Citroën Capital Third Day quarter - November revenues 26 th, 2013 October 23 rd, 2013 13
Innovation and CO 2 new technologies Compliant with 2015 European regulation 2 years in advance Lower investment costs in the future Average fleet CO 2 /km ** New stop & start Electric EV ion& C-Zero 132g 3008 Hy4 1 st to market Diesel Hybrid Gasoline model 99g CO 2 /km Extension of Hybrid range (508 Hy4 / 508 RXH / DS5 Hy4) Improve in technology and lighter vehicles (new platform EMP2) C4 Picasso: 140 kg lighter HY4 diesel vehicle offers 88 g/km CO 2 with 3008, 508 and DS5 130g EU regl. 130g in 2015 120g 110g 95g Diesel engines with additive Diesel Particulate Filter 128g 123g 116g Euro4 Euro5 Euro6 EU regl. 95g in 2020 2010 2011 2012 H1 2013 2020 * SCR: Selective Catalytic Reducer ** In Europe PSA Peugeot Citroën Capital Third Day quarter - November revenues 26 th, 2013 October 23 rd, 2013 14
R&D innovation: Safety and reliability strengthened An ADAS Roadmap defined & launched: first step towards safe autonomous driving Toward autonomous driving 2013 2014 2015 2016 2017 2018 Available Wave 1 Wave 2 Active Safety Autonomous Emergency Braking System 1 AEBS 2 Video AEB In Crash Braking Lane Keeping Assist Danger Alert Lane Departure Warning Driver Attention Alert 1&3 Speed Limit Information Driver Attention Alert 4 Night Vision Vision Pack Driving Assistance Intelligent Cruise Control Active Cruise Control (ACC) Stop Traffic Jam Assist Video ACC Parking Assistance City Park1&2 City Park Visio Park 1&2 City Park 4 (full automatic) PSA Peugeot Citroën Capital Third Day quarter - November revenues 26 th, 2013 October 23 rd, 2013 Visio Park 15
A Technology Roadmap focused on PSA strategic priorities New C platform «EMP2» New B platform «EMP1» Hybridization Policy STT/HY4P/Hy éco/hybrid Air Diesel 6.1 Blue HDi 100% fitted with SCR New Diesel engine families saves 7% in fuel consumption + compactness New 3 cylinder petrol engine family EB, EBT puretech Improvements to new 3 cylinder petrol engine families saves 7% in fuel consumption and compactness New gearbox families (manual and automatic) Telematics & Infotainment SMEG, SMEG+,NAC, RCC 2013 ADAS 1 ADAS 2 2016 2017 PSA Peugeot Citroën Capital Third Day quarter - November revenues 26 th, 2013 October 23 rd, 2013 2018 2019 16
Part III Capital Day November 26th, 2013
PART 1 CITROËN BRAND PROMISE FRÉDÉRIC BANZET //CITROËN CEO
THE CITROËN BRAND PROMISE A SIGNATURE: CRÉATIVE TECHNOLOGIE A POSITIONING: CREATIVITY AND TECHNOLOGY FOR WELL BEING CITROËN CAPITAL DAY PAGE 3
ONE BRAND WITH TWO PRODUCT LINES CRÉATIVE TECHNOLOGY INNOVATIVE LUXURY FROM PARIS HUMAN, SIMPLE, SMART CITROËN CAPITAL DAY PAGE 4
PART 2 INTERNATIONALISATION STRATEGY FRÉDÉRIC BANZET //CITROËN CEO
INTERNATIONALISATION STRATEGY OUR CURRENT GLOBAL POSITION RUSSIA 10 TH MARKET OF THE BRAND 24,000 UNITS SOLD YTD BRAZIL 5 TH MARKET OF THE BRAND 55,000 UNITS SOLD YTD ARGENTINA 9 TH MARKET OF THE BRAND 37,000 UNITS SOLD YTD CHINA 2 ND MARKET OF THE BRAND 214,000 UNITS SOLD YTD CITROËN CAPITAL DAY PAGE 6 Source: Internal PSA/DF
INTERNATIONALISATION STRATEGY SALES OUTSIDE EUROPE %AGE OF SALES OUTSIDE EUROPE 45% 40% ON TRACK TOWARDS 50% OF SALES VOLUME OUTSIDE EUROPE IN 2015 25% 20% 40% 35% 30% 24% 30% 33% 35% 20% 15% 10% 2008 2009 2010 2011 2012 ESTIMATE 2013 CITROËN CAPITAL DAY PAGE 7 Source: Internal PSA/DF
INTERNATIONALISATION STRATEGY CITROËN C-ÉLYSÉE AND C4 L STRONG OFFENSIVE ON INTERNATIONAL MARKETS CITROËN C-ÉLYSÉE MORE THAN 40,000 UNITS SOLD SINCE LAUNCHED End 2012 0 3/2013 04/2013 06/2013 09/2013 Middle- East CITROËN C4 L MORE THAN 53,000 UNITS SOLD SINCE LAUNCHED 12/2012 04/2013 06/2013 07/2013 CITROËN CAPITAL DAY PAGE 8
INTERNATIONALISATION STRATEGY CHINA: CITROËN WITH DONGFENG CURRENT PRODUCT RANGE B C D HATCH C2 C 4 SEDAN C-ÉLYSÉE C QUATRE C 4L C 5 New C-ÉLYSÉE CITROËN CAPITAL DAY PAGE 9
INTERNATIONALISATION STRATEGY CHINA: CITROËN WITH DONGFENG NETWORK 472 DEALERS COVERING 82% CITIES QUALITY OF SERVICE CURRENTLY 3 rd IN CUSTOMER SATISFACTION SALES AND AFTERSALES CITROËN CAPITAL DAY PAGE 10 Source: Internal PSA & JD POWER 2013
PART 3.1 MOVE UP-MARKET STRATEGY THE DS LINE YVES BONNEFONT //CITROËN DEPUTY CEO
DS LINE A TRUE SUCCESS STORY 400 000 SALES SINCE 2010 CITROËN CAPITAL DAY PAGE 12 Source: Internal PSA
DS LINE A SIGNIFICANT WEIGHT IN CITROËN S BUSINESS 20% OF BRAND VOLUMES CITROËN CAPITAL DAY PAGE 13 Source: Internal PSA
DS LINE PRODUCT STRENGTHS REMARKABLE DESIGN WELL-BEING OF BODY AND MIND DISPLAY OF TECHNOLOGY SOPHISTICATED MATERIALS & ATTENTION TO DETAILS CITROËN CAPITAL DAY PAGE 14
DS IN CHINA A PREMIUM NETWORK 34 DEALERS (09/2013). 56 BY 2013 COVERING THE 40 MOST IMPORTANT CITIES. C.100 BY 2014 COVERING 70 CITIES. CITROËN CAPITAL DAY PAGE 15
DS OUTSIDE OF CHINA 3 DISTRIBUTION FORMATS DS ZONE SALON DS DS STORE CITROËN CAPITAL DAY PAGE 16
PART 3.2 CITROËN C-LINE STRATEGY MOVING UP IN VALUE FRÉDÉRIC BANZET //CITROËN CEO
THE CITROËN C-LINE PRODUCT STRENGTHS PURE OPTIMISTIC DESIGN WELL-BEING OF BODY AND MIND TECHNOLOGICAL INTELLIGENCE FOR AN EASIER USAGE CONTROLLED BUDGET (PURCHASING & USE) CITROËN CAPITAL DAY PAGE 18
CITROËN C-LINE PRODUCT STRENGTHS ALLREADY EMBODIED IN THE NEW CITROËN C4 PICASSO DESIGN ENERGETIC AND COMPACT WITH A UNIQUE LIGHTING SIGNATURE CABIN TOTAL COMFORT LOUNGE PACK + AND MANY GLAZED AREAS TECHNOLOGY 100% TACTILE & CONNECTED MASS REDUCTION (-140 KG) FOR A BETTER EFFICIENCY & REDUCED FUEL CONSUMPTIONS CITROËN CAPITAL DAY PAGE 19
CITROËN C4 PICASSO A MIX OF EFFICIENCY & TECHNOLOGY NEW EMP2 PLATEFORM 140 KG POWERTRAINS MAJOR MIX: e-hdi 90 Airdream ETG6 BLUE HDI 3.8 l/100km 98 g/km of CO 2 CITROËN CAPITAL DAY PAGE 20
CITROËN C4 PICASSO UP-VALUE MOVE vs. PREVIOUS C4 PICASSO RESIDUAL VALUE France ARGUS + 7 pts (46%) Germany DAT + 5 pts (39%) UK CAP + 5 pts (35%) Spain EUROTAX + 8 pts (45%) Italy QUATTRORUOTE +11pts (37%) TCO Up to -18% vs. Previous C4 Picasso CITROËN CAPITAL DAY PAGE 21 Source: Influencers / Leasers Workshop 03/2013
CITROËN C4 PICASSO FIRST AWARDS AUTONIS DESIGN AWARD 2013 AUTO MOTOR SPORT, GERMANY GOLDENES LENKRAD AWARD 2013 AUTO BILD & BILD AM SONNTAG, GERMANY AUTO TROPHY 2013 AUTO ZEITUNG, GERMANY CITROËN CAPITAL DAY PAGE 22
CITROËN C4 PICASSO FIRST COMMERCIAL RESULTS 45,000 112% 70% LEADER UNITS SOLD OF ORDERS OBJECTIVES ON LEVEL 3 & 4 TRIM LEVEL ON ITS SEGMENT IN FRANCE IN OCTOBER CITROËN CAPITAL DAY PAGE 23 Source: Internal PSA
CITROËN CRÉATIVE TECHNOLOGY INNOVATIVE LUXURY FROM PARIS HUMAN, SIMPLE, SMART CITROËN CAPITAL DAY PAGE 24
Product and technologies: PSA is a major player Jean-Baptiste de Chatillon CFO and Member of the Managing Board
Highlights Moving brands up market Globalization on track to 50% of sales volume outside Europe in 2015 Recent launches above expectations More focused investments and leverage scale Sharing costs with partners PSA Peugeot Citroën Capital Third Day quarter - November revenues 26 th, 2013 October 23 rd, 2013 2
Moving brands up market Premiums more than double in 4 years Creation of a full worldwide premium range with DS line in 3 years % of total sales H1 2009 H1 2010 H1 2011 H1 2012 H1 2013 C & D segments 36% 39% 42% 45% 47% A & B segments 47% 44% 40% 38% 36% Premium vehicles * 9% 14% 17% 19% 19% * Premium vehicles: distinctive models from the A, B and C segments (Peugeot 207CC, 308CC, RCZ, 2008, 3008, 4008 and Citroën DS3, DS4 and C4 Air-Cross) and models from the D and E segments (Peugeot 508, 407, 607, 4007 and Citroën C5, C6, DS5 and C-Crosser) PSA Peugeot Citroën Capital Third Day quarter - November revenues 26 th, 2013 October 23 rd, 2013 3
Globalization on track To 50% of sales volume outside Europe in 2015* Volume outside Europe from 24% in 2009 to >40% in 2013 (excluding CKDs) In thousand of units 1400 24% 30% 33% 38% 42% 1200 1000 930 1 029 1 062 977 2 months 800 600 400 200 687 10 months * Sales outside Europe, compared to total assembled vehicles 0 2009 2010 2011 2012 2013 PSA Peugeot Citroën Capital Third Day quarter - November revenues 26 th, 2013 October 23 rd, 2013 4
More focused investments and leverage scale Capex and capitalized R&D - 764M in H1 2013, reduction to be partly pursued in H2 2013 Reduction after 2011 and 2012 peak, thanks to productivity gains and development cost sharing In million euros 3,713 3,814 2,784 2,804 2009 2010 2011 2012 2013 2014 2015 Capacity expansion (Russia, China (DPCA and CAPSA), Latam, ) EMP2 EB engine, Blue HDI I, 6.1 compliant EMP1 6.2 adaptations 208 (eur.) 2008, 308, C4 Picasso, 301/C-Elysee +Main launches in China PSA Peugeot Citroën Capital Third Day quarter - November revenues 26 th, 2013 October 23 rd, 2013 C-Cactus Faurecia Auto Capex and R&D 5
More focused investments and leverage scale Productivity gains New models developed on worldwide basis Average volume by platform x2 by 2018 More Buy than Make R&D cost sharing PSA Peugeot Citroën Capital Third Day quarter - November revenues 26 th, 2013 October 23 rd, 2013 6
Sharing costs with partners 50/50 cost sharing 8 operational partnerships to support key projects For plants, platforms and vehicles With GM in Zaragoza With Dongfeng and Changan in China Dividends Royalties Parts With Toyota With Mitsubishi and Fiat For engines and gearboxes With Ford (diesel engines) With BMW (petrol engines) PSA Peugeot Citroën Capital Third Day quarter - November revenues 26 th, 2013 October 23 rd, 2013 7