Focus on CO2 emission reduction as sustainable growth … · 80% of Valeo portfolio linked to CO2...
Transcript of Focus on CO2 emission reduction as sustainable growth … · 80% of Valeo portfolio linked to CO2...
October 1, 2010
Jacques Aschenbroich – CEO
Focus on CO2 emission reductionas sustainable growth strategy
October 1, 2010 I 2 II© Valeo 2010 MondialMondial Press ConferencePress Conference
Increasing role of the suppliers in innovation
Distribution of R&D expenses in the automotive industry
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nts
- 100
in 2
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OEMsSuppliers
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Valeo fully committed in this trendValeo fully committed in this trend
October 1, 2010 I 5 II© Valeo 2010 MondialMondial Press ConferencePress Conference
80% of Valeo portfolio linked to CO2 emissions reduction
Engine optimizing & Downsizing
Hybrid vehicles
Electric vehicles
Lower consumption & weight reduction across product range
Maintain R&D investments to meet consumer & citizen
demand
Maintain R&D investments to meet consumer & citizen
demand
October 1, 2010 I 6 II© Valeo 2010 MondialMondial Press ConferencePress Conference
A diversified costumer basisIn % of OE sales
Asian**
19%American16%
German29%
French*
26%
Asian**
21%American
18%
German27%
French*
24%
H1-09 H1-10* Excluding Nissan** Including Nissan
October 1, 2010 I 7 II© Valeo 2010 MondialMondial Press ConferencePress Conference
Record order intake at €6.5 billion At a margin level in line with long term Group objectives
Order intake(Order Intake / OE Sales)
* Excluding Nissan ** Including Nissan
2007 2008 2009 H1-10
1.29x 1.45x1.52x
1.64xAsian**
18%American
23%
German31%
French*
24%
October 1, 2010 I 8 II© Valeo 2010 MondialMondial Press ConferencePress Conference
Better than expected 2010 market forecasts
+12%+12%South America
+19%+16%Worldwide
+30%
+18%
+6%
previous
+34%
+22%
+10%
revised
Asia (& others)
North America
Europe (& Africa)
(change YoY)Full year
Valeo outperforming its main markets
October 1, 2010 I 9 II© Valeo 2010 MondialMondial Press ConferencePress Conference
* At same perimeter & exchange rates ** JD Power estimates
+31%*Europe
+59%*Asia
+19%*South America
+86%*North America
Production +72%**
World H1-10
Valeo* +40%
Production +39%
Production +23%**
Production +43%**
Production +17%**
61% of sales
19% of sales
8% of sales
12% of sales
Outperforming the market in each region OE sales
October 1, 2010 I 10 II© Valeo 2010 MondialMondial Press ConferencePress Conference
Outperforming the market in each countryAsian OE sales
+59%*Asia
Production +43%**
19% of sales +49%*Japan
Production +47%**
32% of sales
+55%*Korea
Production +37%**
19% of sales
+89%*India
Production +36%**
4% of sales
+72%*China
Production +47%**
40% of sales
* At same perimeter & exchange rates ** JD Power estimates
October 1, 2010 I 11 II© Valeo 2010 MondialMondial Press ConferencePress Conference
Enhanced exposure to emerging markets, esp. AsiaIn % of OE sales
Asia &Others
16%North America
9%
South America
8%
Europe & Africa
67%
Asia & Others
19%NorthAmerica
12%
South America
8%
Europe & Africa
61%
H1-09 H1-10
More than 60% of Capex in emerging marketsMore than 60% of Capex in emerging markets
October 1, 2010 I 12 II© Valeo 2010 MondialMondial Press ConferencePress Conference
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Highest operating margin recorded in the last 10 years With sales close to pre-crisis level
-100
-50
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100
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H1-08 H2-08 H1-09 H2-09 H1-10
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Operating margin(in € million & as % of sales)
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(51)
0.7%
4.6%
-1.5%
4.2%
6.1%
3,8293,472
4,027
Sales(in € million)
4,848 4,787
184
292
Significant margin improvement further to
break-even point reduction
October 1, 2010 I 13 II© Valeo 2010 MondialMondial Press ConferencePress Conference
Confidence in sustainability of current financial performance in normal market conditions
> +20pt≥ 30%25%*7.1%ROCE**
+1.154.7*3.9Capital turnover
1.8%
€7.5 bn
2009
+ 4-5pt6-7%6.1%Operating margin
H1-10 2013 ∆2013/2009
Total sales €4.8 bn €10 bn +33%
* Calculated on a 12 month rolling basis** Ebit / capital employed excluding goodwill
In line with 2013 objectives
October 1, 2010 I 14 II© Valeo 2010 MondialMondial Press ConferencePress Conference
Future growth drivers
Strengthened presence in Asia and emerging markets 60% of CAPEX
Focus on CO2 emissions reduction technologies From downsizing and micro-hybrid through to electric vehicleEnergy consumption and weight reductionSmart driving
Martin Haub
Group Vice President R&D and Product Marketing
Technology delivering the Strategy
Mondial Press ConferenceOctober 1, 2010
October 1, 2010 I 16 II© Valeo 2010 MondialMondial Press ConferencePress Conference
Focus on CO2 emissions reduction technologiesDownsizing and micro-hybrid
Electric vehicle
Energy consumption and weight reduction
Smart driving
Agenda – Technology delivering the Strategy
October 1, 2010 I 17 II© Valeo 2010 MondialMondial Press ConferencePress Conference
Automotive ChallengesCO2 Reduction – Regulations worldwide
g CO2/kmg CO2/km
Source: International Energy Agency
20182004 2006 2008 2010 2012 2014 2016 20202002
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CO2 Reductions driven by regulations AND enduser expectations
2020202095 g CO95 g CO22/km/km
6,6 l/1006,6 l/100
5 l/1005 l/100
4 l/1004 l/100
Obama Plan
6 l/1006 l/100
6,7 l/1006,7 l/100
October 1, 2010 I 18 II© Valeo 2010 MondialMondial Press ConferencePress Conference
Electromagnetic valves
Electronic thermal management
Dual clutch
Stop-Start +Regenerativebraking
StopStop--Start +Start +RegenerativeRegenerativebrakingbraking
OptimizedA/C
2.0 liter Turbo gasoline MPi engine, 145 kW , 120 g CO2/km, flexfuel, lessthan 80 mg NOx/km, cheaper than Diesel
Solutions for CO2 Reduction – Gen1 @ 120 g CO2/km
Watercooledcharge air cooler Cooled EGR, high
compression rate
FlexFuel E85
October 1, 2010 I 19 II© Valeo 2010 MondialMondial Press ConferencePress Conference
ISG
DDC
GDI ECU TCUInverter
Solutions for CO2 Reduction – Gen2 We deliver affordable technologies for 95 g CO2/km
Extreme Downsizing+ GDI
+ Down speeding with DDC
+ Mild Hybrid with ISG
+ Advanced Thermal Management
=100 kw
95 g CO2/km(-38% vs base)
October 1, 2010 I 20 II© Valeo 2010 MondialMondial Press ConferencePress Conference
Solutions for CO2 Reduction – Gen2 Innovative system components for 95 g CO2/km
October 1, 2010 I 21 II© Valeo 2010 MondialMondial Press ConferencePress Conference
Solutions for CO2 ReductionWe deliver complete system solutions – Example:Advanced Thermal Management – Ultimate Cooling
October 1, 2010 I 22 II© Valeo 2010 MondialMondial Press ConferencePress Conference
Solutions for CO2 ReductionWe deliver complete system solutions – Example:Advanced Thermal Management – HVAC and BTM
October 1, 2010 I 23 II© Valeo 2010 MondialMondial Press ConferencePress Conference
Hybrid Transmissions Torque Limiter Clutch Actuator
Manual Transmissions
LTD Dual Mass Flywheels range
Self‐Adjusting Technology (SAT)
clutch
Automatic Transmissions &
CVT
Compact Torque Converter
Pendulum absorber for Lock‐up damper
LTDLock‐up damper
Dual Clutch Transmissions
Double Clutch module
eClutch and control strategies
Solutions for CO2 ReductionWe deliver complete system solutions – Example:Gearbox Automization and Advanced Torque Transfer
Valeo torque transfer solutions can be adapted
to meet a large variety of hybrid structures
October 1, 2010 I 24 II© Valeo 2010 MondialMondial Press ConferencePress Conference
From Stop-Start to Electric Drivetrain: Mass production affordable solutions
Stop & StartRegenerative Braking
Torque AssistancePart Electric Drive
Full Electric Drive
MILDHYBRID
FULL HYBRIDAnd PLUG-INs
StARS, i-StARSMICRO-HYBRID
with Ultracapacitors
MICRO - MILD HYBRID
--12%12%Urban cycle
--6%6%MVEG cycle
--12%12%--15%15% --25%25%
ReStart
ELECTRICDRIVELINE
--100%100%
Solutions for CO2 Reduction – Hybridization We deliver the roadmap - examples
i-StARS in Mass productionStop-Start complete Range
Internal Starter Generatorfor Mild Hybrid defined
Prototypes of Gen 2Driveline
October 1, 2010 I 25 II© Valeo 2010 MondialMondial Press ConferencePress Conference
Focus on CO2 emissions reduction technologiesDownsizing and micro-hybrid
Electric vehicle
Energy consumption and weight reduction
Smart driving
Agenda – Technology delivering the Strategy
October 1, 2010 I 26 II© Valeo 2010 MondialMondial Press ConferencePress Conference
Solutions for CO2 Reduction – EV Solutions ShowcarWe and partners deliver complete system solutions
Batteries
e-Motor
Gear reductor
Wiring
Tyres
Powertrain Systems
Thermal Systems
Visibility Systems
Comfort & Driving Assistance Systems
Electric DrivetrainPower Control
Thermal Management• Drivetrain• Battery• Interior
HMIConnectivityDriving Assistance
LightingWipers
October 1, 2010 I 27 II© Valeo 2010 MondialMondial Press ConferencePress Conference
Solutions for CO2 Reduction – EV Solutions ShowcarWe deliver affordability - Electric Drivetrain Gen2
Range: 210 km – Fast charge: 50 km range in 20 min
October 1, 2010 I 28 II© Valeo 2010 MondialMondial Press ConferencePress Conference
Solutions for CO2 Reduction – EV Solutions ShowcarWe deliver affordability - Electric Drivetrain Gen2
Incentives will not last!
Costs for power electronics and via better efficiency for batteries have to be drastically reduced!
The Stakes
New highly integrated Inverter/Charger, fully compatible with smart grid
Valeo proprietary high Voltage Modules
New highly efficient circuit architecture=Costs – 40%Range + 40%
Valeo Solutions
October 1, 2010 I 29 II© Valeo 2010 MondialMondial Press ConferencePress Conference
Solutions for CO2 Reduction – EV Solutions ShowcarWe deliver comfort and range –Advanced Thermal Solutions for Interior and Battery
October 1, 2010 I 30 II© Valeo 2010 MondialMondial Press ConferencePress Conference
Solutions for CO2 Reduction – EV Solutions ShowcarWe deliver comfort and range –Advanced Thermal Solutions for Interior and Battery
The Stakes
Operating Range of e-Motor
Needed Electric PowerWith current technology
External Temperatur40°C20°C-20°C
2kW
4kW
6kW
8kW
Winter:5,7 kW
Pow
er
0°C
Summer:2,8 kW
Operating Range of e-Motor
Needed Electric PowerWith current technologyNeeded Electric PowerWith current technology
External Temperatur40°C20°C-20°C
2kW
4kW
6kW
8kW
Winter:5,7 kWWinter:5,7 kW
Pow
er
0°C
Summer:2,8 kWSummer:2,8 kW
At cold temperatures heating needs as much energy as propulsion
October 1, 2010 I 31 II© Valeo 2010 MondialMondial Press ConferencePress Conference
Solutions for CO2 Reduction – EV Solutions ShowcarWe deliver comfort and range –Advanced Thermal Solutions for Interior and Battery
Valeo Solutions
New architecture, based on heatpump
New high efficient heat exchangers
New electric driven compressor
Energy consumption for heating reduced by 70%
October 1, 2010 I 32 II© Valeo 2010 MondialMondial Press ConferencePress Conference
Focus on CO2 emissions reduction technologiesDownsizing and micro-hybrid
Electric vehicle
Energy consumption and weight reduction
Smart driving
Agenda – Technology delivering the Strategy
October 1, 2010 I 33 II© Valeo 2010 MondialMondial Press ConferencePress Conference
Solutions for CO2 Reduction – EV Solutions ShowcarWe deliver energy consumption and weight reductionExample: Advanced Wiping Solutions - Aquablade®
Brandsignature
Safety Environment StyleCO2
reductionVisibilityVisibility CO2
reductionBrand
signatureHigh performance wiping & cleaning
No visual disturbance during windshield cleaning
Windshield de-frosting
Weight saving
Electrical consumption reduction
Green material & process
Large windshield wiping & cleaning solutions
Car body styling freedom & integration
Distinction by innovation
October 1, 2010 I 34 II© Valeo 2010 MondialMondial Press ConferencePress Conference
Solutions for CO2 Reduction – EV Solutions ShowcarWe deliver energy consumption and weight reductionExample: Advanced Wiping Solutions - Aquablade®
Minus 30% energy consumption and weight reduction
October 1, 2010 I 35 II© Valeo 2010 MondialMondial Press ConferencePress Conference
Highway driving
Night city driving
No visual disturbance under all driving conditions
Solutions for CO2 Reduction – EV Solutions ShowcarWe deliver energy consumption and weight reductionExample: Advanced Wiping Solutions - Aquablade®
October 1, 2010 I 36 II© Valeo 2010 MondialMondial Press ConferencePress Conference
Solutions for CO2 Reduction – EV Solutions ShowcarWe deliver energy consumption and weight reductionExample: Advanced LED Lighting
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2.50
Savingsg.CO2/km
Low Beam DRL Front Position High Beam Front Fog Front Turn
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Savingsg.CO2/km
Tail Stop Licence Chmsl Rear Turn Rear Fog Back-up
Total savings for full LED : 3 g CO2/km or 2 % Range
Headlamps
Rearlamps
October 1, 2010 I 37 II© Valeo 2010 MondialMondial Press ConferencePress Conference
Solutions for CO2 Reduction – EV Solutions ShowcarWe deliver energy consumption and weight reductionExample: Advanced LED Lighting
LED Headlamps in production and on Concept Cars
Renault ZOE
Nissan Leaf
SEAT IBe
October 1, 2010 I 38 II© Valeo 2010 MondialMondial Press ConferencePress Conference
Focus on CO2 emissions reduction technologiesDownsizing and micro-hybrid
Electric vehicle
Energy consumption and weight reduction
Smart driving
Agenda – Technology delivering the Strategy
October 1, 2010 I 39 II© Valeo 2010 MondialMondial Press ConferencePress Conference
Intuitive and ergonomic HMI to handle complex information content
Solutions for CO2 Reduction – EV Solutions ShowcarWe deliver smart driving solutionsHuman Machine Interface HMI and Connectivity
Terminal Mode Connection via USB Smart Phone HMI appears
on vehicle screen Smart Phone can be fully
controlled via vehicle touch screen
Vehicle Touch Screen
Smart Phone
October 1, 2010 I 40 II© Valeo 2010 MondialMondial Press ConferencePress Conference
Advanced Security ModuleASM
• GPS• GSM• CAN GSM link
Always connected
Regular key PEPS)
Bi-directional RF link Range ~ 300 m
Bi-directional key
Smart Key
Blue tooth low energy / NFC
Bridge
Smart Key -Smart Phone
Bi-directional RF link Range ~ 300 m
Solutions for CO2 Reduction – EV Solutions ShowcarWe deliver smart driving solutionsHuman Machine Interface HMI and Connectivity
Virtual Key in phone
NFC Phone
NFC Key
NFC readerIn handle
and start-stop unit
Very short range
Scalable and modular connectivity solutions – the key is key!
October 1, 2010 I 41 II© Valeo 2010 MondialMondial Press ConferencePress Conference
Special EV Function:Special EV Function:
Check Vehicle Status & AutonomyCheck Vehicle Status & Autonomy
Start Preconditioning in charge modeStart Preconditioning in charge mode
Solutions for CO2 Reduction – EV Solutions ShowcarWe deliver smart driving solutionsHuman Machine Interface HMI and Connectivity
Preconditioning EV in charge mode: Key to reduce energy for interior comfort
October 1, 2010 I 42 II© Valeo 2010 MondialMondial Press ConferencePress Conference
Solutions for CO2 Reduction – EV Solutions ShowcarWe deliver smart driving solutionsHuman Machine Interface HMI and Connectivity
Virtual key in PhoneAccess and drive authorization via NFC readers in handle and start-stop button
The NFC smart phone as virtual key for temporary access to the vehicle
October 1, 2010 I 43 II© Valeo 2010 MondialMondial Press ConferencePress Conference
Smart phones in continous contact with vehicle
Solutions for CO2 Reduction – EV Solutions ShowcarWe deliver smart driving solutionsHuman Machine Interface HMI and Connectivity
Always Connected via Valeo ASM
October 1, 2010 I 44 II© Valeo 2010 MondialMondial Press ConferencePress Conference
Front and rear UPA and Park4U sensors Front and rear integrated cameras Front WiFi camera
UPA sensors
Park4U sensor
Camera
UPA sensors
Park4U sensor
WiFi Camera
Camera
Solutions for CO2 Reduction – EV Solutions ShowcarWe deliver smart driving solutionsDriving Assistance for EV and urban environment
October 1, 2010 I 45 II© Valeo 2010 MondialMondial Press ConferencePress Conference
Solutions for CO2 Reduction – EV Solutions ShowcarWe deliver smart driving solutionsDriving Assistance for EV and urban environment
Proven Valeo Sensors and Fusion Algorithms find new applications in EV
October 1, 2010 I 46 II© Valeo 2010 MondialMondial Press ConferencePress Conference
Delivering 95 gCO2/km
Visit our booth to see Electric Vehicle Showcar live!
Conclusion
Delivering 210 km range for EV
WeWe deliverdeliver technologies!technologies!WeWe deliverdeliver resultsresults!!