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Corporation
AUTOMOTIVE & TRANSPORTATION | Automobile Parts
faurecia.com

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Investments

11

Portfolio Exits

2

Partners & Customers

10

About Faurecia

Faurecia (EPA: EO) is a global provider of solutions and qualitative equipment to the automotive industry. The company is primarily engaged in three activities: Automotive Seating, Interior Systems, and Emissions Control Technologies.

Faurecia Headquarter Location

2 rue Hennape

Nanterre, 92735,

France

+33 1 72 36 70 00

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Expert Collections containing Faurecia

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Find Faurecia in 2 Expert Collections, including CES 2018 Exhibitors.

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Faurecia Web Traffic

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Research containing Faurecia

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CB Insights Intelligence Analysts have mentioned Faurecia in 1 CB Insights research brief, most recently on Nov 17, 2020.

Latest Faurecia News

2021 guidance adjusted to reflect major revision by IHS Markit of worldwide automotive production forecast for H2 2021

Sep 23, 2021

Nanterre (France), September 23, 2021 2021 GUIDANCE ADJUSTED TO REFLECT MAJOR REVISION BY IHS MARKIT  OF WORLDWIDE AUTOMOTIVE PRODUCTION FORECAST FOR H2 2021 The latest forecast for worldwide automotive production, released last Thursday by IHS Markit, reflected a strong reset of the expected figures for H2 2021. This sharp reduction is primarily attributable to a higher than expected impact from semiconductor shortage that creates high volatility in OEM programs. Worldwide automotive production1 for H2 2021 is now estimated by IHS Markit at: 34.5 million vehicles for H2 2021 (of which 16.1 million in Q3 and 18.4 million in Q4) vs. 39.3 million vehicles in the previous forecast dated August (of which 18.1 million in Q3 and 21.2 million in Q4), resulting in FY 2021 worldwide automotive production now estimated at: 72.0 million vehicles for FY 2021 vs. 76.8 million vehicles in the previous forecast dated August. Faurecia’s financial guidance for 2021 was explicitly based on the assumption of 76.6 million vehicles produced in the full year, i.e. 39.1 million vehicles produced in H2 2021. Due to current high volatility and, consequently, low reliability of OEM programs (collected through EDI) and taking into account the sharp reduction by 4.8 million vehicles to be produced in H2 according to the latest forecast of IHS Markit, which is our reference for the industry, Faurecia revises its financial guidance for the full year 2021. Based on the assumption of 72 million vehicles produced in the full year 2021, Faurecia now targets: Sales of c. €15.5bn with strong organic sales outperformance > +600bps (vs. previous guidance of ≥ €16.5bn with strong organic sales outperformance > +600bps) Operating margin between 6.0% and 6.2% of sales (vs. previous guidance of c. 7% of sales) Net cash flow of c. €500m and net debt-to-EBITDA ratio ≤ 1.5x at year-end (vs. previous guidance of net cash flow > €500m and net debt-to-EBITDA ratio < 1.5x at year-end) In 2020, with worldwide automotive production at similar level (71 million vehicles) and sales of €14.5bn, Faurecia generated an operating margin of 2.9% of sales and net cash flow of €13 million. The revised 2021 guidance, adjusted to reflect the sharp reduction in worldwide automotive production to 72 million vehicles in FY 2021, confirms Faurecia’s strong operating leverage and effectiveness of resilience actions. About Faurecia Founded in 1997, Faurecia has grown to become a major player in the global automotive industry. With 266 industrial sites, 39 R&D centres and 114,000 employees in 35 countries, Faurecia is a global leader in its four areas of business: seating, interiors, Clarion Electronics and clean mobility. The Group’s strong technological offering provides carmakers with solutions for the cockpit of the future and sustainable mobility. In 2020, the Group reported total turnover of €14.7 billion. Faurecia is listed on the Euronext Paris market and is a component of the CAC Next 20 index. Find out more at: www.faurecia.com Press contact

Faurecia Investments

11 Investments

Faurecia has made 11 investments. Their latest investment was in Recogni as part of their Series A on July 7, 2019.

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Faurecia Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

7/31/2019

Series A

Recogni

$25M

Yes

14

6/4/2019

Series A

GuardKnox

$21M

Yes

8

12/19/2018

Corporate Minority

ESP Consulting

Yes

1

11/8/2018

Series A

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$99M

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10

7/24/2018

Series A - II

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$99M

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10

Date

7/31/2019

6/4/2019

12/19/2018

11/8/2018

7/24/2018

Round

Series A

Series A

Corporate Minority

Series A

Series A - II

Company

Recogni

GuardKnox

ESP Consulting

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Amount

$25M

$21M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

14

8

1

10

10

Faurecia Portfolio Exits

2 Portfolio Exits

Faurecia has 2 portfolio exits. Their latest portfolio exit was Faurecia - Acoustics and Soft Trims Division on February 18, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

2/18/2021

Divestiture

5

00/00/0000

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$991

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10

Date

2/18/2021

00/00/0000

Exit

Divestiture

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Companies

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Valuation

$991

Acquirer

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Sources

5

10

Faurecia Acquisitions

11 Acquisitions

Faurecia acquired 11 companies. Their latest acquisition was HELLA on August 16, 2021.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

8/16/2021

$991

Acq - Pending

7

6/9/2021

Series C

$2.8M

Acquired

6

2/17/2021

Corporate Majority

3

7/6/2020

Series A - II

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$99M

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10

10/14/2019

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$991

$99M

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10

Date

8/16/2021

6/9/2021

2/17/2021

7/6/2020

10/14/2019

Investment Stage

Series C

Series A - II

Companies

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Valuation

$991

$991

Total Funding

$2.8M

$99M

$99M

Note

Acq - Pending

Acquired

Corporate Majority

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Sources

7

6

3

10

10

Faurecia Partners & Customers

10 Partners and customers

Faurecia has 10 strategic partners and customers. Faurecia recently partnered with Schneider Electric on July 7, 2021.

Date

Type

Business Partner

Country

News Snippet

Sources

7/26/2021

Vendor

Schneider Electric

France

Half-year 2021: strong operating leverage and cash generation with operating margin of 6.6%, EBITDA margin of 14.2% and net cash flow of €290M

Under this partnership , Faurecia will benefit from KPMG 's expertise to prepare , execute and implement its solar panel equipment program across all facilities , worldwide .

1

5/18/2021

Client

SAIC

United States

Faurecia secures hydrogen tank contract from SAIC

Alongside this latest award for SAIC , Faurecia and Symbio , its joint venture with Michelin , will equip light commercial vehicles , buses and commercial vehicles for Safra and Stellantis with fuel cell stacks and hydrogen storage systems .

2

4/7/2021

Vendor

Schneider Electric

France

In Conversation: Faurecia and Schneider Electric CEOs Talk Carbon Neutrality

We 're proud to support this leading company in its pursuit of carbon neutrality , and share this inspiring reflection on the visionary partnership between Faurecia and Schneider Electric .

3

4/2/2021

Client

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10

3/11/2021

Vendor

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10

Date

7/26/2021

5/18/2021

4/7/2021

4/2/2021

3/11/2021

Type

Vendor

Client

Vendor

Client

Vendor

Business Partner

Schneider Electric

SAIC

Schneider Electric

Country

France

United States

France

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News Snippet

Half-year 2021: strong operating leverage and cash generation with operating margin of 6.6%, EBITDA margin of 14.2% and net cash flow of €290M

Under this partnership , Faurecia will benefit from KPMG 's expertise to prepare , execute and implement its solar panel equipment program across all facilities , worldwide .

Faurecia secures hydrogen tank contract from SAIC

Alongside this latest award for SAIC , Faurecia and Symbio , its joint venture with Michelin , will equip light commercial vehicles , buses and commercial vehicles for Safra and Stellantis with fuel cell stacks and hydrogen storage systems .

In Conversation: Faurecia and Schneider Electric CEOs Talk Carbon Neutrality

We 're proud to support this leading company in its pursuit of carbon neutrality , and share this inspiring reflection on the visionary partnership between Faurecia and Schneider Electric .

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Sources

1

2

3

10

10

Faurecia Team

5 Team Members

Faurecia has 5 team members, including current Managing Director, Uri Pachter.

Name

Work History

Title

Status

Uri Pachter

Managing Director

Current

Armand Chen

Chief Executive Officer

Former

Scott Cieslak

Chief Financial Officer

Former

Guy Talbourdet

Valeo, and Roquette

Executive Vice President

Former

Peter Lenkei

Eastern Asia Technology

Controller

Former

Name

Uri Pachter

Armand Chen

Scott Cieslak

Guy Talbourdet

Peter Lenkei

Work History

Valeo, and Roquette

Eastern Asia Technology

Title

Managing Director

Chief Executive Officer

Chief Financial Officer

Executive Vice President

Controller

Status

Current

Former

Former

Former

Former

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