Valeo

Welcome to the Valeo Group

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Bond Investors

Valeo is a manufacturer whose activities, design and manufacturing processes and products contribute to the progressive decarbonization of the automotive sector. The Group has become the partner of choice in the drive to offer greener, better connected mobility solutions. Whether this relates to reducing CO₂ emissions, cutting energy use at our plants, or operating in a responsible way in our relations with employees and wider society, Valeo is a major player that sets itself ambitious targets.

BOND INVESTORS

The Group aims to maintain broad access to liquidity to meet its commitments and investment needs. The quality of debt management is recognized by the rating agencies Standard & Poor’s and Moody’s.

DEBT PROFILE AT JANUARY 11, 2017

Valeo has a high cash level, in order to withstand a challenging environment.

VALEO GROSS DEBT BY TYPE

MATURITY OUTSTANDING AMOUNT (M€) COUPON OTHER
EMTN January 2017 €146m 5.75% Contract
EMTN May 2018 €273m 4.875% Contract
BEI Financing Nov 2018 (2 installments) USD 51.5m 6M USD Libor +1.9%
Convertible bond June 2021 USD 575m 0%
EMTN January 2023 €500m 0.625% Contract
EMTN January 2024 €700m 3.25% Contract
EMTN March 2026 €600m 1.625% Contract

VALEO GROSS DEBT BY TYPE

EMTN Programme:

DETAIL OF SHORT-TERM FINANCING

COMMERCIAL PAPER PROGRAM

Valeo has access to short-term resources as part of a 1.2 billion euros commercial paper program.
Download the program (in French only) .

BANK CREDIT LINES

Issuer: Valeo: Headquarters
Celing: 1.2 billion euros
Multi-currency
Rating: A-2 / P-2
Brokers:
– Crédit Agricole Corporate and Investment Banking
– Bred Banque Populaire
– Crédit Industriel et Commercial de Paris
– Société Générale
– BNP Paribas
– HSBC France
– NewEdge Group
– Natixis
– Aurel BCG

RATING AND COVERAGE

Valeo is rated “Investment Grade” by the Moody’s and Standard & Poor’s agencies.

STANDARD & POOR’S

On January 31, 2017, Standard Poor’s Rating Services confirmed its “BBB / A-2” long-term and short-term corporate credit ratings to Valeo with a positive outlook.

LONG TERM OUTLOOK SHORT TERM
S&P’s notation BBB Positive A-2

MOODY’S

On April 5, 2017, Moody’s confirmed its “Baa2 / P-2” long-term and short-term corporate credit ratings to Valeo with a stable outlook.

LONG TERM OUTLOOK SHORT TERM
Moody’s Notation Baa2 Stable P-2

Valeo is an automotive supplier and partner to automakers worldwide. As a technology company, we design innovative solutions for smart mobility, with a particular focus on intuitive driving and reducing CO2 emissions.

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