Peugeot Q3 2008 financial results

1. October 2008 1
Q3 & 9 months 2008 October 24, 2008
1
Sales and Revenues

2. Key highlights
Strong balance sheet: a key asset to face the crisis
An unleveraged Group
A recurring excess cash position between €4-6bn
A robust and prudent Banque PSA Finance
Automotive: top line contraction due to market drop in Q3 2008
Q3 Automotive sales -7.1% with volumes down 8.6%,
Western Europe -12.8%
Market share maintained in Western Europe at 13.8%
CAP 2010 actions continue to deliver
Specific action plans launched
Significant production cuts across Europe
Non renewal of temporary employees
Acceleration of cost reduction initiatives
October 2008 2

3. Key brand highlights in first 9 months
PSA market position: underlying strengths confirmed
Market share maintained in Europe 18 countries at 13.8%
Leadership in low emission vehicles: 23% market share in vehicles
<130g CO2/km
LCV: leadership reinforced with market share up to 19.5% vs 18.5%,
built on new model range notably Berlingo & Partner
Good momentum of new model announcements: Citroën C3 Picasso,
Peugeot Prologue
Peugeot & Citroën: success of new models confirmed
Successful launching of C5: worldwide sales up 51%
C4 Picasso leader in the compact MPVs segment in Europe
308 & 307 up 10% with record sales in September
207 & 206 remains leader in its segment in Europe
107 & C1: worldwide sales up 6.7%
Emerging markets: contrasted situation
China: registrations down 6%. Market decline in Q3
Mercosur: 7.2% of market share. Strong growth in Brazil, registrations +33%
Russia: PSA outperformed the market with registrations up 63%
October 2008 3

4. Q3 and 9 months sales and revenues
Rapid decline in Q3 markets leads to drop in Q3 Automotive sales
Faurecia: slightly up as growth in Latin America more than
offsets decline in Europe, stable activity in depressed US market
Gefco: international development strategy delivering growth
Banque PSA Finance: sustained sales and successful pass
through of increased financing costs
Change 9 month 9 month Change
Q3-07 Q3-08
In €m Q3-08/Q3-07 07 08 9m-08/9m-07
Automotive 10,964 10,184 -7.1% 35,134 34,687 -1.3%
Faurecia 2,815 2,863 1.7% 9,327 9,464 1.5%
Gefco 835 873 4.6% 2,632 2,778 5.5%
Banque PSA Finance 499 534 7.0% 1,473 1,594 8.2%
Other businesses
(1,089) (1,153) 6.0% (3,724) (3,923) 5.3%
and intra-company eliminations
Total sales and revenues 14,024 13,301 -5.2% 44,842 44,600 -0.5%
October 2008 4

5. Worldwide slowdown in 2008 market trends
Quarterly market trends 2008 / 2007
38%
29% 28%
25%
19% 18%
12%
8%
-3% -3% -4%
-11%
Europe 18 Russia Mercosur China
Q1 Q2 Q3
October 2008 5

6. New car Q3 sales and revenues down 8.2%
In €m
Sharp decline in Western European volumes -12.8%
Mercosur volumes +11.2%, Russia +66.9%
Successful new models support sales in weak environment
Price increases continue
Volume Product mix Pricing Currency Country mix Other
(incl. CKDs)*
8,055
+1%
+1.2% 7,398
-0.7% -0.3%
-9% -0.4%
-8.2%
Q3 2007 Q3 2008
* Excluding Chinese DPCA JV
October 2008 6

7. New car 9 months sales and revenues down 0.3%
In €m
9 months sales flat following sharp decline in Q3:
Western Europe volumes in first 9 months -5.1%
Mercosur +24.2%, Russia +60.4%
Positive pricing trends continue
Volume Product mix Pricing Currency Country mix Other
(incl. CKDs)*
25,692 +1.3%
+1.1% 25,604
+0.9%
-1% -0.2%
-2.4%
-0.3%
9 months 9 months
2007 2008
* Excluding Chinese DPCA JV
October 2008 7

8. Limited Q3 inventories increase since
June 2008 despite market drop
Immediate actions launched from July to tackle inventory rise
Q3 vehicle production reduced by 60,000 vs 2008 plan
Independent dealership inventory reduced to Q3 2007 level
31/12 30/06 31/12 30/06 30/09
30/09
In thousand units
2006 2007 2007 2008 2008
2007
Manufacturer inventory 228 267 229 215 296 320
Proprietary dealership inventory 59 62 57 60 70 71
Group inventory 287 329 286 275 366 391
Independent dealership inventory 333 290 280 329 302 286
Total 620 619 566 604 668 677
October 2008 8

9. PSA Peugeot Citroën’s strong Balance Sheet
is a key asset
A recurring excess cash position between €4-6bn
€5.3bn at the end June 2008
No immediate bond maturities:
2010 €0.3bn, 2011 €1.6bn, 2033 €0.6bn
Undrawn credit facilities of €2.4bn
€14bn of equity, €6bn of debt
An unleveraged Group
October 2008 9

10. A robust & conservative
Banque PSA Finance
Undrawn credit facilities €6bn
Successful €1bn securitization by
Banque PSA Finance in July 2008 €2.0bn
€2.0bn €2.0bn
undrawn
undrawn undrawn
Solvability ratio >10.5% in 2008 credit
credit credit
facilities
facilities facilities
vs regulatory requirement
of 8% (Cook ratio)
Extensive undrawn credit
facilities and liquidity reserves, 2010 2012 2014
Maturities
with no immediate maturities
Diversified sources of refinancing Diversified sources of refinancing – in €bn
at June 30, 2008
10.1
9.3
An independent 3.8
& prudent financing 2.9
2
providing adequate
headroom Equity Other Bank Capital Securitization
& debt liabilities facilities markets
October 2008 10

11. A prudent credit activity
Instalment sales account
for majority of credit business
Leasing activity with limited residual
value risk
By product* (new + used vehicles)
BPF has no buyback obligations
(Held at PSA Group level €2.9bn*)
Long-term
A selective approach in risk selection rental
and product development: cost of risk 24%
benchmark of the industry
Instalment
Conservative approach to client financing sales
Leasing
Centralized and experienced 62%
14%
credit evaluation
Efficient & reactive credit collection
minimises defaults
Specific action plans in the UK & Spain
to control and minimise credit risk
Ability to sustain the commercial activity at the same pace
* (as at June 30, 2008)
October 2008 11

12. Q4 2008 market outlook: significant slowdown in
emerging countries with a further sharp drop in Europe
Quarterly market trends 2008 / 2007
+10%
23%
18%
6%
Europe 18 flat
Growth regions
-3% -3%
-11%
c.-17%
-8%
Q1 Q2 Q3 Estimated Q4
Full Year 2008 PSA volumes* expected around -3.5%
* Assembled vehicles & CKDs
October 2008 12

13. Exceptional action plan in Q4 2008 to prepare
for 2009
CAP 2010 Amplify programme & initiatives
Continue price increase roll out
Pricing
Massive cuts concentrated in Q4
Production
Full Year 2008 Group Recurring Operating Margin
expected at around 1.3%*
* with current market estimates
October 2008 13

14. Appendices
October 2008 14

15. Automotive: worldwide unit sales up 0.5%
(assembled vehicles and CKD units)
Change Change
In thousand units Q3-07 Q3-08 9m-07 9m-08
Q3-08 / Q3-07 9m-08 / 9m-07
Western Europe (18) 506 442 -12.8% 1,741 1,652 -5.1%
Eastern Europe* 30 29 -5.2% 99 99 -0.2%
Russia 11 19 66.9% 28 45 +60.4%
Mercosur** 57 64 11.2% 151 188 +24.2%
China 49 38 -22.2% 152 142 -6.3%
Rest of the World 82 70 -14.6% 236 216 -8.4%
Total assembled vehicles 735 662 -9.9% 2,406 2,342 -2.7%
Total CKD 48 54 11.8% 142 219 +54.8%
TOTAL AV + CKD units 783 716 -8.6% 2,548 2,561 +0.5%
* Croatia, Hungary, Poland, Czech Republic, Slovakia, Slovenia, Lithuania, Latvia, Estonia, Cyprus, Malta
** Brazil, Argentina
October 2008 15

16. The Group maintains its market share
in Western Europe
(cars and light commercial vehicles)
Registrations Market Share
9m-08/9m-07 change in %
9m-07 9m-08
-5.2
Western Europe 1,692,100 13.9% 13.8%
-5.8
3.4
France 607,800 31.2% 31.5%
4.4
-23.6
Spain 214,000 19.5% 19.7%
-22.7
-7.5
United Kingdom 200,800 10.5% 9.8%
-13.8
-10.8
Italy 185,900 9.9% 9.9%
-11.2
1.6
Germany 143,600 5.6% 5.6%
2.7
-1.9
Others 341,000 12.5% 12.2%
-4.0
Market PSA
October 2008 16

17. Around 10% growth in our priority regions
(cars and light commercial vehicles)
Registrations Market Share
9 month-08/9 month-07 change in %
9m-07 9m-08
5.8
Eastern Europe 97,100 11.6% 11.1%
1.4
24.9
Russia 43,300 1.5% 1.9%
63.2
23.8
Mercosur 185,600 7.3% 7.2%
22.4
China 140,900 4.1% 3.5%
7.6
-6.2
Market PSA
October 2008 17

18. Western Europe
(cars and light commercial vehicles)
Registrations Market Share
Q3-08/Q3-07 change in %
Q3-07 Q3-08
-10.7
Western Europe 466,000 13.3% 13.3%
-10.4
0.5
France 169,000 30.2% 30.8%
2.4
-34.4
Spain 54,000 18.2% 19.5%
-29.6
-19.0
United Kingdom 61,000 10.6% 9.8%
-24.8
-11.8
Italy 44,000 9.3% 9.0%
-13.8
-3.0
Germany 43,000 5.6% 5.4%
-6.4
-5.1
Others 94,000 12.3% 12.3%
-5.2
Market PSA
October 2008 18

19. Mercosur
In thousand of units sold
Brazil Argentina
Market:
Market:
+6.6%
+35.8% +11.6%
+26.9%
124.0 63.8
59.8
91.3
9 months 2007 9 months 2008
9 months 2007 9 months 2008
New Citroën C3 launched
Upcoming launch of Peugeot 207 SW and Passion
and Citroën C4 Hatchback
October 2008 19

20. Russia & China
In thousand of units sold
Russia China
Market: Market:
+24.9% +7.6%
-6.3%
+60.4%
151.5
141.9
44.9
28.0
9 months 2007 9 months 2008 9 months 2007 9 months 2008
Launch of Citroën C-Quatre
and 2 new models for Peugeot
October 2008 20

21. Market share in Western Europe per quarter
(cars and light commercial vehicles)
In %
14.4
14.2
14.0 14.0 14.0
13.8
13.6 13.6
13.5
13.3 13.3
Q1-06 Q2-06 Q3-06 Q4-06 Q1-07 Q2-07 Q3-07 Q4-07 Q1-08 Q2-08 Q3-08
October 2008 21

22. Banque PSA Finance:
Q3 & 9 months sales and revenues
Change Change
Q3-07 Q3-08 9m-07 9m-08
Q3-08/Q3-07 9m-08/9m-07
Revenues €499m €534m +7.0% €1,473m €1,594m +8.2%
Total outstanding loans €23.2bn €23.8bn +2.6%
€23.2bn €23.8bn +2.6%
(end of period)
Number of new contracts 195,129 196,025 638,810 640,623 +0.3%
+0.5%
(lease and financing)
Penetration rate 26.2% 27.7% +1.5% 25.5% 26.1% +0.6%
October 2008 22

23. Faurecia: Q3 & 9 months sales and revenues
Change
Change
In €m 9m-07 9m-08
Q3-07 Q3-08
9m-08/9m-07
Q3-08/Q3-07
Automotive Seating 3,843 3,958 3.0%
1,161 1,197 3.0%
2,554 2,565 0.4%
Vehicle Interiors 754 769 2.1%
2,235 2,211 -1.1%
687 670 -2.5%
Exhaust Systems
Front Ends 695 730 5.0%
213 227 6.4%
Total revenues 9,327 9,464 1.5%
2,815 2,863 1.7%
Excluding monoliths
and at constant scope 2.4%
1.6%
and exchange rate
PSA Peugeot Citroën 1,956 1,994 1.9%
534 560 -1.0%
Third parties 7,371 7,470 1.3%
2,281 2,303 4.9%
October 2008 23

24. Gefco: Q3 & 9 months sales and revenues
Change Change
In €m Q3-07 Q3-08 9m-07 9m-08
Q3-08/Q3-07 9m-08/9m-07
PSA Peugeot Citroën 493 536 8.7% 1,589 1,728 8.7%
342 337 -1.5% 1,043 1,050 0.7%
Third parties
835 873 4.6%
Total revenues 2,632 2,778 5.5%
October 2008 24