Faurecia SE

Earnings Release • Oct 20, 2009

Press release

Nanterre, October 20, 2009

Third quarter 2009 sales Gradual recovery of activity

Third quarter sales for fiscal 2009 slipped 17% in relation to 2008, compared to a 35% and 25% drop in the first two quarters.

• Strong growth in Asia (up 30%);
• Improvement in North America: down 30% compared to a 53% fall in the second quarter and a 47% drop in the first quarter;
• Clear improvement in Europe with a 17% dip compared to a drop of 23% in the second quarter and 34.5% in the first quarter.

In m In million euros (EUR)	3rd quarter 2009	Change 2009/2008	Total end September 2009	Change 2009/2008
Automotive Seating at constant exchange rates	995.8	(16.8)% (17.0)%	2,863.2	(27,7)% (28,2)%
Vehicle Interiors at constant exchange rates	610.8	(20.6)% (19.2)%	1,858.8	(27,5)% (26,6)%
Interior Modules at constant exchange rates	1,606.6	(18.3)% (17.9)%	4,722.0	(27,6)% (27,6)%
Exhaust Systems excluding monoliths & at constant exchange rates	456.7 252.6	(31.8)% (16.0)% (14.2)%	1,312.6 708.5	(40.6)% (29.3)% (28.7)%
Exterior Systems at constant exchange rates	204.5	(10.0)% (10.1)%	613.3	(16.0)% (16.1)%
Other Modules excluding monoliths & at constant exchange rates	661.2 457.0	(26.3)% (13.4)% (12.5)%	1,925.9 1,321.8	(34.5)% (23.7)% (23.4)%
Total excluding monoliths	2,267.8 2,063.7	(20.8)% (17.3)%	6,647.9 6043.8	(29.8)% (26.8)%
& at constant exchange rates		(16.7)%		(26.7)%

GROUP SALES

Excluding monoliths, like-for-like sales in the third quarter totaled 2,063.7 million euros, down 16.7% in relation to the third quarter of 2008. This figure encompasses a drop in sales of tools, R&D and prototypes at 158 million euros versus 221 million euros in 2008.

Product sales (excluding monoliths, tools and research expenditure) totaled 1,905.5 million euros against 2,272.5 million euros, a 15% drop.

Sales with Renault-Nissan Group rose 8.8% and increased 13% with Hyundai during the third quarter.

The drop in sales with Ford was limited to 6.7% (down 3.2% in Europe) and with BMW to 12.8% (down 0.5% in Europe and down 33.3% in North America).

Sales in the third quarter of 2009 with Volkswagen, PSA Peugeot Citroën, GM and Daimler were down 22.8%, 17.1%, 23.0% and 44.5% respectively.

Third quarter 2009 sales break down as follows by region:

• In Europe, sales totaled 1,663.6 million euros, down 16.7% on a like-for-like basis and excluding monoliths;
• In North America, sales totaled 271.4 million euros, down 30.6% on a like-for-like basis and excluding monoliths;
• In South America, sales totaled 82.9 million euros, down 10% on a like-for-like basis and excluding monoliths;
• In Asia, on a like-for-like basis excluding monoliths, sales rose 34.9% in China and 29.8% in Korea. Overall, sales totaled 212.8 million euros in the region, up 29.7% on a like-for-like basis and excluding monoliths.

In the first nine months of fiscal year 2009, Faurecia sales totaled 6,647.9 million euros, a drop of 26.7% on a like-for-like basis and excluding monoliths.

BREAKDOWN OF SALES BY ACTIVITY

• Automotive Seating

Like-for-like sales were down 17.0% in the third quarter:

• . down 18.4% in Europe ;
• . down 26.9% in North America;
• . down 3.0% in South America and up 34.7% in Asia.

- Vehicle Interiors

Like-for-like sales were down 19.2%:

• . down 17.5% in Europe;
• . down 28.2% in North America;
• . down 21.7% in South America;
• . up 3.7% in Asia.

- Exhaust Systems

Excluding monoliths, like-for-like sales were down 14.2%:

• . down 14.7% in Europe;
• . down 39.1% North America;
• . up 37.7% in Asia with an increase of 43.1% in China and 28.8% in Korea;
• . up 3.9% en South America.

- Exterior Systems

Third quarter sales totaled 204.5 million euros, down 10.1% on a like-for-like basis. In Europe, which generated nearly all this business (95.5% of the total), there was a drop of 11% on a like-for-like basis.

HIGHLIGHTS AND OUTLOOK

In July 2009, Faurecia's working hypothesis for the second half year was based on a 10% drop in product sales in Europe and a 35% drop in North America, while Asia continued to enjoy sustained growth.

These forecasts have been:

• confirmed for Asia;
• raised to a fall of around 25% for North America;
• adjusted to a 5% fall in Europe.

Against this backdrop, and as a result of the cost reductions achieved by the "Challenge 2009" plan, Faurecia is targeting, for the second half of the fiscal year, positive operating income, together with global cash flow close to break-even.

Faurecia is one of the world's leading automotive equipment suppliers, specializing in four major activities: seats, vehicle interiors, front ends and exhaust systems. In 2008, the Group posted sales of 12 billion euros. It has operations in 29 countries at 190 sites and 28 R&D centers. Faurecia is listed on the NYSE Euronext Paris stock exchange. For more information visit: www.faurecia.com

Contacts: Media Olivier Le Friec Press Relations Manager Tel: +33 (0)1 72 36 72 58 Mob: +33 (0)6 76 87 30 17 olivier.lefriec@faurecia.com

Analysts/Investors Florent Couvreur Analyst & Investor Relations Tel: +33 (0)1 72 36 75 70 Mob: +33 (0)6 61 48 29 64 florent.couvreur@faurecia.com