PSA BANQUE FRANCE presentation - media … · PSA Banque France presentation Debt Investor Presentation – November 2016 Overview 5 BPF & SCF COOPERATION IN FRANCE FINANCIAL SUPPORT

PSA BANQUE FRANCE presentationNovember 2016

Debt Investor Presentation – November 2016

Disclaimer

l PSA Banque France Group (the “Company”) cautions that this presentation contains forward-looking statements. These forward-lookingstatements are found in various places throughout this presentation and include, without limitation, statements concerning our future businessdevelopment and economic performance. While these forward-looking statements represent our judgment and future expectations concerningthe development of our business, a number of risks, uncertainties and other important factors could cause actual developments and results todiffer materially from our expectations. These factors include, but are not limited to: (1) general market, macro-economic, governmental andregulatory trends; (2) movements in local and international securities markets, currency exchange rates and interest rates; (3) competitivepressures; (4) technological developments; and (5) changes in the financial position or credit worthiness of our customers, obligors andcounterparties. The risk factors that we have indicated in our past and future filings and reports, could adversely affect our business and financialperformance. Other unknown or unpredictable factors could cause actual results to differ materially from those in the forward-looking statements.

l Forward-looking statements speak only as of the date on which they are made and are based on the knowledge, information available and viewstaken on the date on which they are made; such knowledge, information and views may change at any time. The Company does not undertakeany obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

l The information contained in this presentation is subject to, and must be read in conjunction with, all other publicly available information,including, where relevant any fuller disclosure document published by the Company. Any person at any time acquiring securities must do so onlyon the basis of such person's own judgment as to the merits or the suitability of the securities for its purpose and only on such information as iscontained in such public information having taken all such professional or other advice as it considers necessary or appropriate in thecircumstances and not in reliance on the information contained in the presentation. In making this presentation available, the Company gives noadvice and makes no recommendation to buy, sell or otherwise deal in shares in the Company or in any other securities or investmentswhatsoever.

l Neither this presentation nor any of the information contained therein constitutes an offer to sell or the solicitation of an offer to buy anysecurities. No offering of securities shall be made in the United States except pursuant to registration under the U.S. Securities Act of 1933, asamended, or an exemption therefrom. Nothing contained in this presentation is intended to constitute an invitation or inducement to engage ininvestment activity for the purposes of the prohibition on financial promotion in the U.K. Financial Services and Markets Act 2000.

l Note: Statements as to historical performance or financial accretion are not intended to mean that future performance, share price or futureearnings (including earnings per share) for any period will necessarily match or exceed those of any prior year. Nothing in this presentationshould be construed as a profit forecast.

l The businesses included in each of our geographic segments and the accounting principles under which their results are presented here maydiffer from the included businesses and local applicable accounting principles of our public subsidiaries in such geographies. Accordingly, theresults of operations and trends shown for our geographic segments my differ materially from those of such subsidiaries.

2Disclaimer


3

4

PSA Banque France Group presentation

Business overview

Financial policy and funding

Appendix

1

PSA Banque France presentation

2


2016

Introduction

l PSA Banque France within PSA Group A global car manufacturer with over two centuries of history Long expertise in the auto financing industry

4

1810CREATION OF

PEUGEOTFRÈRES

COMPANY

1919CREATION OF

CITROËN

2015OFFICIAL

LAUNCH OFDS AUTOMOBILES

1919CITROEN FIRST

FINANCINGPRODUCTS

1965SOFIB

INCORPORATIONIN FRANCE

1929PEUGEOT FIRST

FINANCINGPRODUCTS

1982BPF (1)

INCORPORATION

CAR MANUFACTURING AUTO FINANCING INDUSTRY

2015PARTNERSHIP

WITHSCF(1)

(1) BPF : Banque PSA Finance. SCF : Santander Consumer Finance

2016


Debt Investor Presentation – November 2016PSA Banque France presentation

Overview

5

BPF & SCF COOPERATION IN FRANCEFINANCIAL SUPPORT OF SCF

INVESTMENT GRADE RATINGBaa2 / P2 / POSITIVE OUTLOOK (MOODY’S)

DEBT ISSUANCE PROGRAMMESFIRST NEU CP ISSUED

PSA BANQUE FRANCENEW CORPORATE NAME

Feb15

Dec15

Jun16

Jul16

27.7%

NEW CARPENETRATION

RATE (1)

2.3xINSURANCES& SERVICES

PER NEWCONTRACTS

8.9€bn

OUSTANDINGLOANS (1)

(END USERS &DEALERS)

1.4€bn

NET RETAILDEPOSITSAMOUNT

COLLECTED (1)

(1) June 2016


Timeline

l PSA Banque France Group Recent developments Funding sources diversification

6

04/14 : “BACK INTHE RACE” plan

02/14 : Exclusivenegotiation betweenSCF & BPF (1)

07/14 : Frameworkagreement (partnershipcovering 11 countries)

01/15 : Acquisition of SOFIRA &CREDIPAR by PSA Banque France

01/14 01/1601/15

(1) SCF : Santander Consumer Finance. BPF : Banque PSA Finance(2) DISTINGO is the online retail saving business in France

02/15 : PSA Banque France GroupFormalized cooperation after ECB’s authorization

04/15 : DISTINGO(2) French activitytransferred to PSA Banque France

05/15 : Absorption mergerof SOFIRA by CREDIPAR

11/16 : Debtinvestors presentation

12/15 : Inaugural ratingdelivered by Moody’s

04/16 : Rating confirmed11/16

Financial support of SCF (02/15)

Securitizations (02/15)

Bilateral credit lines (06/15)

Constitution of HQLA (07/15)

Participation in TLTRO (09/15)

Issuance of NEU CP (06/16)

DISTINGO(2) activity (04/15)

Financial support of BPF (until 02/15)


Issuance of NEU MTN (07/16)


l Joint-venture with SCF BPF(1), historical shareholder SCF(2) provides financial support

PSABANQUEFRANCE

COMPAGNIEGÉNÉRALE DE

CRÉDIT AUXPARTICULIERS

–CREDIPAR

COMPAGNIEPOUR LA

LOCATION DEVÉHICULES

–CLV

50%

100%

PSA Banque France Group since 2015

50%

100%

CONSUMER FRANCE

7

(1) Banque PSA Finance is held at 100% by PSA Group(2) Santander Consumer France is held at 100% by SCF (Santander Consumer Finance)(3) PSA Banque France is a credit institution approved under the supervision of ECB regulator since December 2015 while continuing to send the required information

to the French regulator, the Autorité de Contrôle Prudentiel et de Résolution (ACPR)


(3)



1

2

3

4

Presentation of PSA Banque France Group

Business overview


Appendix

Cooperation highlights


French new car registrations (2015 / 2014)

10

507; +7.5%

387; +6.3%

260; -0.9%

160; +2.1%

103; +8.3%

100; -5.5%

87; +13.1%

81; +6.1%

77; +7.7%

74; +10.7%

71; +6.2%

60; +3.9%

54; +12.4%

31; -5.2%

29; +3.3%

24; +39.2%

471

364

263

157

95

105

76

77

71

67

67

57

48

32

28

17

Renault

Peugeot

Citröen

VW

Ford

Dacia

Fiat

Nissan

Toyota

Mercedes

Opel

Audi

BMW

DS

Kia

Hyundai

CUMUL 2015 CUMUL 2014

22.1%

16.9%

11.3%

7.0%

4.5%

4.4%

3.8%

3.5%

3.4%

3.2%

3.1%

2.6%

2.4%

1.3%

1.3%

1.1%

MARKET SHARE * Global car market : 2 297 thousands cars (+ 5,9%)

l 678,148 CARS (+2.9%) *

l 29.5% MARKET SHARE

1ST FRENCH MANUFACTURER 2ND EUROPEAN (11.5%)

20142015

Business overview

PSA brands


French new car registrations (H1 2016 / H1 2015)

11

299; +10.9%

222; +7.6%

144; +5.5%

86; +0.8%

63; +12.2%

58; +2.9%

55; +16.4%

44; -0.6%

43; +8.8%

42; +6.1%

38; +10.6%

34; +13.5%

31; +21.4%

18; +18.7%

17; +7.4%

14; +18.2%

269

206

137

86

56

57

47

44

39

40

35

30

26

15

16

12

Renault

Peugeot

Citroen

VW

Dacia

Ford

Fiat

Nissan

Opel

Toyota

Mercedes

Audi

BMW

Kia

DS

Hyundai

H1 2016 H1 2015MARKET SHARE

l 383,246 CARS (+6.8%)

l 29.0% MARKET SHARE

Business overview

PSA brands

22.7%

16.8%

10.9%

6.5%

4.8%

4.4%

4.2%

3.3%

3.3%

3.2%

2.9%

2.6%

2.4%

1.3%

1.3%

1.1%


PASSBOOK SAVINGS ACCOUNT

CAR, LIFE, UNEMPLOYMENTMAINTENANCE, WARRANTY EXTENSION

LOANS, LEASES

END-USERCUSTOMERS

DEALERS& AGENTS

LOYALTYLOYALTY

CONQUESTCONQUEST

Strength of business model

12

l Proven track record over decades Resilience throughout the crisis Customer relationship at the heart of the strategy

PSACAPTIVE

COMPANY

RISKSCONTROL

RELATED TO END-USER CUSTOMERS

AND DEALERSFINANCING

SALESFINANCINGSUPPORT

INSURANCEPRODUCTS AND

SERVICES

STRONGCAPITAL BASE

AND

PROFITABILITY

Business overview


Dedicated financial services

13

(1) Dealers of the brands and used car traders under contract with a brand(2) Dealers only

l Partnership with the three brands of PSA Group Dedicated financial services partner to PEUGEOT, CITROËN & DS Broad range of products to cover end-user customers and dealers’ needs

END-USER CUSTOMER & FLEET OFFER

LOANSLEASING WITH

PURCHASE OPTIONLONG TERM

LEASESPASSBOOK

SAVINGS ACCOUNT

DEALER & AGENT OFFER

STOCKFINANCING

NEW & USED CARS, SPARE PARTS

BANKINGACTIVITY(1) CURRENT ACCOUNT, OVERDRAFT FACILITY

OTHERS(2) USED CARS STOCK, DEMO CARS, WORKING CAPITAL, TREASURY LOANS,PROPERTY LOANS

Business overview

INSURANCE& SERVICES


29.2%

28.4%28.1%

28.5%

27.2%

27.7%

26.5%

27.0%

27.5%

28.0%

28.5%

29.0%

29.5%

2012 2013 2014 2015 H1 2015 H1 2016

Positive business trend

14

Partnershipwith SCF

603,519547,658

573,828 627,776

317,378 342,025

2.12x 2.10x

2.20x

2.30x

2.27x2.31x

-

100,000

200,000

300,000

400,000

500,000

600,000

700,000

200%

210%

220%

230%

240%

2012 2013 2014 2015 H1 2015 H1 2016

Insurance & services volumes Number per new contract

l Efficient commercial policy New vehicle 2015 penetration increased to 28.5% with performance clearly up in the second half-year Diversified insurance and service offerings with a high added value

(1) New car penetration rate defined as new vehicles financed over PEUGEOT, CITROEN & DS new registered vehicles

Business overview


204 184 185 193

97 106

7771 72 76

40 40

2012 2013 2014 2015 H1 2015 H1 2016

Financed vehicles (in thousands)

New vehicles Used vehicles

146137

New financing and outstanding loans

15

l Positive trend for end-user customers & corporate dealers loan books +6.6% growth in the number of vehicles financed in H1 2016 (vs H1 2015) Loan books breakdown end-users/corporate dealers : 68/32

5,983 5,760 5,650 5,794 5,683 6,041

2,587 2,231 2,437 2,461 2,6972,847

2012 2013 2014 2015 H1 2015 H1 2016

Loan books (€M)

End-users Corporate dealers

281255 257

2698,570

7,991 8,087 8,255

Business overview

8,3808,888


Income statement

16

l Results of operations Improved performance resulting from a more competitive funding cost after starting the partnership Lower refinancing cost offset by non-recurrent elements

165

132

5670

2014 2015 H1 2015 H1 2016

(1) 2014 : including 0.1€bn relating to the retrospective increase of commission rates on services(2) H1 2016, Operating expenses : -82€M; cost of risk : -4€M; other non-operating income -0.1€M; pre-tax income 119€M; income tax : -49€M

H1 2015, Operating expenses : -72€M; cost of risk : -46€M; other non-operating income -6€M; pre-tax income 81€M; income tax : -25€M2015, Operating expenses : -150€M; cost of risk : -61€M; other non-operating income -7€M; pre-tax income 191€M; income tax : -59€M2014, Operating expenses : -130€M; cost of risk : -50€M; other non-operating income -11€M; pre-tax income 212€M; income tax : -47€M

Net income (€M) (2)

Business overview

403 409

206 205

2014 2015 H1 2015 H1 2016

2014 2015 H1 2015 H1 2016Net banking income (€M)

(1) (1)


Transversal, consolidated and globalvision of the PSA Banque France’srisks (credit, operational, counterparty)

Risk policy & cost of risk

17

Credit risk model

• Fleet with an outstanding > 500€k

• Brands Network (dealers, agents)

Credit risk model forend-users (individualsand companies with anoutstanding < 500€k)

l SCF principles applied Oversight risk covering Cost of risk contained

RETAILRISK

RISKS

CORPORATERISK

Business overview

RISKOVERSIGHT

(1) NPL Coverage : coverage rate of non-performing loans by provisions . H1 2016 : 227€M NPL (2.8%); 2015 : 251€M NPL (3.1%); 2014 : 284€M (3.6%); 2013 : 340€M (4.2%).

57 50 61 4

0.70 0.630.77

0.10

77% 70%90% 91%

-0.50

0.00

0.50

1.00

0

20

40

60

80

100

2013 2014 2015 H1 2016Cost of Risk % ANR NPL Coverage(1)


Solvency

l Solid balance sheet structure Adequate Capital Adequacy Ratio Strong leverage ratio (1)

18

(1) PSA Banque France already complies with Basel III requirements for the leverage ratio (3%) effective from 2018

886 889

2015 H1 2016

CET1 RWA

6,316

610

RWA Credit Risk

RWA Operational Risk

220220

2015 H1 20160

2,000

4,000

6,000

8,000

10,000

12,000

Loans & Other assets HQLA

CAR13.3

in million euro

Business overview

12.8

886 889

2015 H1 2016

Equity Exposure values

9.0

LEV

8.6


1

2

3

4


Business overview


Appendix



Banking lines:0.6€bn

7%

Retail customerdeposits(3):

1.4€bn17%

Securitization(1):1.1€bn13%

Other refinancing(2):1.2€bn15%

Intra-group SCF:3.9€bn48%

Capital Markets:67€M1%

Retail customerdeposits

Securitizations

Other refinancingIntra-group SCF

Senior unsecured

Intra-group SCF: 3.7€bn49%

Intra-group SCF: 4.2€bn55%

Refinancing

l Diversification of funding sources In addition to intragroup refinancing

Access to Capital Markets in 2016

20

(1) Securitization includes all of the securitizations placed on the market(2) Of which refinancing through the ECB (2015 : participation in TLTRO for a total of 600€M ; H1 2016 : 950€M) and dealer deposits(3) Business transferred from BPF to PSA Banque France on April 2015 (passbooks and term deposits)

H1 2016 2018

8.2€bn

FUNDING


7.6€bn

FUNDING

H1 2015 2015

7.7€bn

FUNDING


Access to capital markets in 2016

21

l Set-up of several debt issuance programmes Since June 2016 : PBFR <GO>, PSABFR <CORP> Bloomberg pages To support diversification of funding sources

06/03/16BANQUE DE

FRANCEAPPROVAL

1.0€bn

MAXIMUM

P2SHORT TERM

NEUCP

EMTN

06/29/16AMF VISA

11/08/16FIRST SUPPL.

4.0€bn

MAXIMUM

Baa2LONG TERM

EURONEXTPARISLISTING

100€K+1€K

DENOMINATION

ENGLISH LAW

NO GUARANTEE

CROSS-DEFAULT

NEGATIVEPLEDGE

06/03/16BANQUE DE

FRANCEAPPROVAL

0.5€bn

MAXIMUM

Baa2LONG TERM

NEUMTN



Rating of PSA Banque France Group

22

(1) Rating as of 11/09/16

l Investment grade rating with positive outlook Inaugural rating of PSA Banque France Group on 12/23/15 Confirmed on 11/04/16 and 04/15/16 after the rating upgrade of Peugeot SA on 04/05/16

P2SHORT TERM

Baa2LONG TERM

POSITIVEOUTLOOKINVESTMENT

GRADE(1)

P2SHORT TERM

Baa2LONG TERM

STABLEOUTLOOKUNSOLICITEDON 02/11/16

A-2SHORT TERM

BBB+LONG TERM

STABLEOUTLOOKUPDATED ON

12/02/15

P2SHORT TERM

A3LONG TERM


02/22/16

F2SHORT TERM

A-LONG TERM


04/12/15



Placedsecuritizations:

1.1€bn

ECB collateralizedfunding (1):

0.95€bn

ECB additionaldrawing allowance (1)

0.04€bn

Placedsecuritizations:

1.5€bn

ECB collateralizedfunding (1):

0.6€bn

ECB additionaldrawing allowance (1)

0.4€bn

Securitization

l A privileged tool as part of the funding strategy Launch of new Auto Asset Backed Securitization transactions on a regular basis Solid expertise over more than 10 years

23

STAND ALONE ISSUANCESAuto ABS FCT - Compartment 2012-1 | LeaseAuto ABS FCT - Compartment 2013-2 | LoanAuto ABS2 FCT - Compartment 2013-A | LeaseAuto ABS3 FCT - Compartment 2014-1 | Loan

WAREHOUSE STRUCTURESAuto ABS DFP Master Compartment France 2013 | WholesaleAuto ABS FCT French Loans Master | Loan

FUNDING AND ADDITIONAL ECB ALLOWANCES

(1) ECB/TLTRO operations collateralized by retained senior issuances

2.1€bn

FUNDING+ 0.4€bn

POTENTIAL


2015

2.1€bn

FUNDING

H1 2016


6,572 6,853

1,1121,381

2015 H1 2016

Retail customerdeposits

Other fundingsources

+24%

IN H1 2016

1.4€bn

OUTSTANDING

Retail deposits activity

l Deposits as a stable source of diversification Activity in France transferred from BPF to PSA Banque France Group in April 2015 Saving products offered 100% online

24

+14%

IN H1 2016

53,700ACTIVE

ACCOUNTS(47,100 IN 2015)

PASSBOOKSAVINGS

ACCOUNT ANDFIXED-TERMDEPOSITS

17%

OF FINANCINGSOURCES


1,088

293

Passbook savings account

Term deposits


Liquidity management and reserve

25

88

132

2015 2016

Available-for-sale Financial AssetsCash, Central Banks, Post Office Banks

-0.50%

-0.40%

-0.30%

-0.20%

-0.10%

Jun-

15

Jul-1

5

Aug

-15

Sep

-15

Oct

-15

Nov

-15

Dec

-15

Jan-

16

Feb

-16

Mar

-16

Apr

-16

May

-16

Jun-

16

ECB vs OATs ECB - Deposit rate OAT-1 year

Expiry of the lastBTF in portfolio

(03/30/16)

ECB decisions(12/09/15)(03/16/16)

Bons du trésor à Taux Fixe (BTF)Banque de France Deposit

l Matching of maturities between assets and liabilities Financing with an original maturity of 12 months or more represent 50% of the total Average maturity of medium and long term financing raised in 2015 : 1.9 year ; in H1 2016 : 2.6 years afterTLTRO-II participation

114%

LCR(06/30/16)

HQLAZERO-RISK

POLICY(LEVEL 1)

220€M



1

2

3

4


Business overview


Appendix

Appendix


Consolidated financial statements

INCOME STATEMENT

Jun. 30,

2015

Jun.30

2016

Net banking income 206 205

General operating expenses (72) (82)

Cost of risk (46) (4)

Operating income 88 119

Other non-operating income (6) 0

Pre-tax income 81 119

Income taxes (25) (49)

Net income for the year 56 70

27

BALANCE SHEET

AssetsDec. 31,

2015

Jun.30

2016

Cash, central banks, post office banks 98 237

Financial assets 136 4

Loans and advances to credit institutions 663 587

Customer loans and receivables 8,255 8,888

Tax assets 3 3

Other assets 170 198

Property and equipment 5 5

Total assets 9,330 9,922

Appendix

Equity and liabilitiesDec. 31,

2015

Jun.30

2016

Financial liabilities 3 3

Deposits from credit institutions 4,773 5,433

Amounts due to customers 1,370 1,631

Debt securities 1,542 1,170

Tax liabilities 275 262

Other liabilities 285 422

Equity 1,083 1,001

Total equity and liabilities 9,330 9,922


Board members biographies

28

Rémy BAYLE, 54, is graduated from the Business School of Clermont-Ferrand.Rémy Bayle held various positions of responsibility within Banque PSA Finance : 2001 CEO ofSwitzerland, 2004 Director of Corporate Risk, 2006 Head of Peugeot and Citroën managementcontrol at PSA, 2008 Managing Director of Banque PSA Finance UK, 2010 CFO of PSA BankFinance and Chief Operating Officer of CREDIPAR. Director Corporate Finance and Treasury ofPSA Peugeot Citroën in July 2012. Since April 2015, he is Managing Director of Banque PSAFinance. He is administrator of PSA Banque France.

Andrea BANDINELLI, 42, is a graduate of the Master of Finance Management ISTUD Milan -Italy. Andrea Bandinelli held various positions of responsibility within Banque PSA Finance Italyfrom 2000 to 2006, including CFO. In 2008, he was CEO of the Swiss subsidiary and in 2010CEO of Italy before being appointed CEO of Crédipar-Sofib-Sofira in September 2012. Today heis the CEO of PSA Banque France. He is a member of Banque PSA Finance's ManagementCommittee.

Ines SERRANO, 51, has a degree in Management and Economics from ICADE, Madrid, CFAand Master of IESE in Madrid, Spain.Ines Serrano held various positions of responsibility within the Asset Management companies ofBBVA and then Santander and in 2001, first as head of Investments and then appointed CEObefore joining Santander Consumer as CFO in 2007, and in 2009 Deputy CEO SC Financeresponsible for the Euro countries. She is a member of the Board of Directors and of theExecutive Commission of SC Finance, S.A., and Chairman of the Board of FECI, DelegatePresident of the Board of Directors of SC Italy and member of the Supervisory Board of SCGermany, among 'other. She is the Chairman of PSA Banque France.

Appendix


Board members biographies

29

Martin THOMAS, 42, is graduated from the Superior Institute of Management of Paris.Martin Thomas has held several senior functions in the automotive finance sector, mainly in RCIBanque and FCA Capital (Fiat / Credit Agricole). He was CEO of the Nordic branch of RCIBanque and FCA Capital UK affiliates from 2009 to 2014. Today he is the CEO of SantanderConsumer France, administrator of PSA Banque France and Chairman of the Board ofCREDIPAR.

Alain MARTINEZ, 58, is graduated from the Business School of Lille.Alain Martinez joined the PSA Group in 1981. He was Country Manager (Auto.Citroën Poland,Auto.Peugeot Italy). From January 2001 to December 2007, he served as Managing Director ofCrédipar-Sofib-Sofira with the position of Director. Since February 2011, he is Deputy CEO ofBanque PSA Finance. He is administrator of PSA Banque France.

Carlos APARICIO, 49, is graduated from the San Pablo CEU University in Economics andMaster in Financial Derivatives - Madrid, Spain.Carlos Aparicio worked for Ford Credit in Spain, UK and Italy, where he was Director ofControlling, Risk Director. Then, COO of Honda Bank, CRO at BMW Bank / Alphabet, DirectorConsumer Risk at BBVA headquarters in Madrid. In 2012, he joined the Santander Group, hislast position, Project Manager for the Partnership Santander-PSA. He is currently Deputy CEOof PSA Banque France.

Appendix


Europe71%

Eurasia1%

China & South-Asia7%

India Pacific2%

Latin America7%

Middle East & Africa5%

North America9%

PSA Group

30

55€bn

2015 GROUPREVENUE

l Good start for "Push to Pass" plan with record profitability for H1 2016 Net income, Group share, doubled to €1.2 billion. Roll out has started for the "Push to Pass" plan : the product blitz and international development have been launched.

The PSA Group has greater agility than ever before for continuing its profitable growth.

1.8€bnOPERATIONAL FREE

CASH FLOW (1)

6€bnNETFINANCIALPOSITION (1)

(+1.4€bn vs 2015)

6.8%RECURRING OPERATING

MARGIN FOR AUTO DIVISION(5% in 2015)

BANQUE PSA FINANCECAPTIVE FINANCIAL ARM OF PSA GROUPCAPITAL RELEASE TO PSA AFTER THE JV’s CREATION

Appendix

(1) For manufacturing and sales companies(2) At constant 2015 exchange rates

4%REACH AN AVERAGE OFAUTOMOTIVE RECURRINGOPERATING MARGIN IN2016-2018,ANDTARGET6%BY2021

10%GROUP REVENUE GROWTHTOBEDELIVEREDBY2018(2) VS2015,ANDTARGETADDITIONAL15%BY2021(2)

H1 2016


Santander Consumer Finance

31

l Strong European footprint First European player in consumer finance Proven efficiency to reduce its LLP as percentage of ANEA(1)

90€bn

LOANS

32€bn

DEPOSITS

0.6€bn

H1 2016 NETATTRIBUTABLE

PRODUCT(+14%)

TOP3IN 14

COUNTRIES(2)

18MILLION

CUSTOMERS

130,000SALES POINTS

ACTIVE IN

15EUROPEANCOUNTRIES

16,000EMPLOYEES

579BRANCHES

(1) LLP stands for Loan Loss Provision : 0.77% in 2015; 0.91% in 2014; 0.97% in 2013(2) By market share in new business car loans or durables(3) 37% customer funds. 15% M/L term unsecured. 10% commercial paper. 17% interbank. 10% ECB. 11% secured funding(4) H1 2016 Fully Loaded (FL) CET1 ratio

Germany35%

Nordiccountries

15%

Spain13%

France10%

UK9%

Italy8%

Poland4%

Others6%

Auto finance Consumer finance

Auto new33%

Auto used22%

Car stock finance10%

Direct14%

Durables4%

Credit cards4%

Mortgages9%

Others5%

90€bn

LOAN BOOKIN EUROPE

DIVERSIFIED

LOAN BOOKIN EUROPE

FINANCIAL FLEXIBILTYDIVERSIFIED FUNDING SOURCES(3)

11.92%

FL CET1 RATIO(4)

Appendix

2016 June update

PSA BANQUE FRANCE presentation - media … · PSA Banque France presentation Debt Investor Presentation – November 2016 Overview 5 BPF & SCF COOPERATION IN FRANCE FINANCIAL SUPPORT

Documents