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Diapositive 1 - Valeo

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Total operating revenues<br />

In euro million<br />

4,991<br />

Gross change<br />

+6.4 %<br />

Currency impact: +2.1%<br />

Perimeter impact: +3.3%<br />

Prices*: -4%<br />

*at identical function<br />

Volumes/mix<br />

+5.0%<br />

H1-2005* H1-2006<br />

17<br />

5,309<br />

* Restated to account for non strategic activities (<strong>Valeo</strong> Motors and Actuators)<br />

JPMorgan Paris Auto show Investor Conference<br />

September 26, 2006

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