Faurecia SE — Earnings Release 2009

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 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