Core Viewpoint - FORVIA is planning to offer EUR 500 million of senior notes due 2031, subject to market conditions [2][4]. Group 1: Offering Details - The offering consists of EUR 500 million in aggregate principal amount of senior notes due 2031 [2]. - The proceeds from the offering will be used to repurchase outstanding 2.750% Sustainability-Linked Notes due 2027 and/or 2.375% Notes due 2027 [3][4]. - The Tender Offers for the repurchase of the 2027 notes will launch concurrently with the offering of the new notes [4]. Group 2: Financial Strategy - This transaction is part of FORVIA's strategy to repay long-term financial liabilities, which may include other outstanding debt [5]. - The company may issue additional debt securities in various currencies by the end of 2025 to finance these repayments [5].

Core Insights - The company reported a slight decline in sales of 0.4% year-on-year, with total sales reaching €13,477 million in H1 2025 compared to €13,534 million in H1 2024, while organic growth was positive at 1.1% [3][10][30] - Adjusted EBITDA increased by 7.8% to €1,762 million, with the operating margin improving by 20 basis points to 5.4% of sales, driven by strict cost control and operational improvements [3][8][14] - The net cash flow more than doubled to €418 million, reflecting a significant improvement in cash management and operational efficiency [3][25][26] - The company confirmed its full-year guidance for 2025, maintaining targets for sales, operating margin, net cash flow, and leverage [4][38] Financial Performance - Sales for H1 2025 were €13,477 million, a decrease of 0.4% from H1 2024, with organic growth of 1.1% [3][10] - Adjusted EBITDA rose to €1,762 million, up 7.8% from €1,635 million in H1 2024, representing 13.1% of sales [3][24] - Operating income increased by 3.1% to €722 million, with an operating margin of 5.4% [3][14] - The net result for the group was a loss of €269 million, primarily due to non-cash depreciation related to the SYMBIO joint venture [3][17] Cost Management and Transformation - The company is undergoing a significant organizational transformation aimed at enhancing accountability and operational excellence, with a focus on a division-centric structure [4][7][34] - The SIMPLIFY project aims to streamline operations and reduce costs, targeting a €110 million reduction in the cost base by 2028 [9][36] - Strict cost and cash discipline has been a key driver of improvement, with a notable reduction in capital expenditures and capitalized R&D [8][30] Market and Operational Context - Global automotive production increased by 3.1% in H1 2025, but the company faced a challenging geographic mix, particularly in EMEA and the Americas [12][51] - The company recorded order intake of €14 billion in H1 2025, down from €15 billion in H1 2024, attributed to delayed tenders in North America [37] - The company anticipates a volatile production environment in H2 2025, with a projected automotive market production of 45 million light vehicles [38][39] Strategic Initiatives - The company is actively reviewing its business portfolio to prioritize leadership positions and streamline operations, including potential asset disposals [10][31] - The EU-FORWARD program is expected to yield further savings and operational improvements, contributing to the company's financial targets [8][38] - The company aims to reduce its net debt/Adjusted EBITDA ratio below 1.5x by 2026, supported by ongoing disposals and operational efficiencies [38][39]

Core Viewpoint - FORVIA has improved its debt profile by issuing €250 million in additional senior notes due 2030 and using proceeds along with available cash to repurchase existing 2027 Sustainability-Linked Notes [1][7]. Group 1: Debt Issuance - FORVIA successfully closed an offering of €250 million in additional senior notes due 2030, which will be consolidated with existing €750 million senior notes due 2030 [1]. - The new notes will form a single series with the previously issued notes after a 40-day distribution compliance period [1]. Group 2: Tender Offer - The tender offer for repurchasing FORVIA's existing 2027 Sustainability-Linked Notes was also settled, with the maximum amount accepted increased to €300 million [2]. - The repurchase of the 2027 Sustainability-Linked Notes has resulted in their cancellation, reducing the outstanding amount from €1.2 billion to €900 million [3].

Core Viewpoint - Forvia is set to offer an additional EUR 200 million of senior notes due 2030, which will consolidate with existing notes of EUR 750 million due 2030 issued earlier in March 2025, contingent on market conditions [2][4]. Group 1: Offering Details - The new offering will amount to EUR 200 million in aggregate principal and is intended to be consolidated with previously issued senior notes [2]. - The completion of the new notes offering is subject to market conditions [2]. Group 2: Use of Proceeds - Proceeds from the new notes will be utilized to repurchase Forvia's outstanding 2.750% Sustainability-Linked Notes due 2027 through a cash tender offer [3]. - The repurchase amount of the 2027 Sustainability-Linked Notes is expected to match the principal amount of the new notes [4]. Group 3: Tender Offer Conditions - The tender offer for the 2027 Sustainability-Linked Notes launches concurrently with the new notes offering and is subject to conditions, including the successful completion of the new notes offering [4].

Group 1 - The combined general meeting of FORVIA was held on May 28, 2025, and all resolutions were adopted [2] - The Board of Directors now consists of 14 members, with 83% being independent directors and 42% women [3] - PricewaterhouseCoopers Audit has been appointed as the statutory auditors for a six-year term, succeeding Ernst & Young Audit [4] - Forvis Mazars has had its term renewed as statutory auditor for another six financial years [5] - Martin Fischer has been appointed as a Board member for four years, and Lutz Meschke will join the Board effective January 1, 2026 [7] Group 2 - Upcoming events include the announcement of H1 results on July 28, 2025, and Q3 sales on October 20, 2025 [6][8]

Nanterre, 19 May 2025 Share Buyback Transaction Statement From 12 to 16 May 2025(article 241-4, I of the Règlement Général of the Autorité des Marchés Financiers and position-recommendation of the Autorité des Marchés Financiers DOC-2017-04) Aggregated presentation by day and market Issuer’s nameIssuer’s identifying codeTransaction dateIdentifying code of financial instrumentDaily total volume (in number of shares)Daily weighted average price of shares acquiresMarket (MIC code)FORVIA969500F0VMZLK2IULV85<td ...

Nanterre, 12 May 2025 Share Buyback Transaction Statement From 5 to 9 May 2025(article 241-4, I of the Règlement Général of the Autorité des Marchés Financiers and position-recommendation of the Autorité des Marchés Financiers DOC-2017-04) Aggregated presentation by day and market Issuer’s nameIssuer’s identifying codeTransaction dateIdentifying code of financial instrumentDaily total volume (in number of shares)Daily weighted average price of shares acquiresMarket (MIC code)FORVIA969500F0VMZLK2IULV85<td st ...

NANTERRE (FRANCE)MAY 7th, 2025 COMBINED GENERAL MEETING OF MAY 28th, 2025 AVAILABILITY OF PREPARATORY DOCUMENTS FORVIA (hereinafter the “Company”) informs its shareholders that they are convened to the Combined Shareholders' Meeting to be held on May 28th, 2025, at 10 a.m. (Paris time) at the registered office in Nanterre. The meeting notice published in the Bulletin des annonces légales obligatoires (BALO) on April 23rd, 2025, and the convening notice which will be published in the BALO and in the legal ga ...

Nanterre, 5 May 2025 Share Buyback Transaction Statement From 28 April to 2 May 2025(article 241-4, I of the Règlement Général of the Autorité des Marchés Financiers and position-recommendation of the Autorité des Marchés Financiers DOC-2017-04) Aggregated presentation by day and market Issuer’s nameIssuer’s identifying codeTransaction dateIdentifying code of financial instrumentDaily total volume (in number of shares)Daily weighted average price of shares acquiresMarket (MIC code)FORVIA969500F0VMZLK2IULV85 ...

Core Points - FORVIA has approved a share buyback program, allowing the acquisition of up to 300,000 shares from April 23, 2025, to May 27, 2025 [1] - The share buybacks are intended to support FORVIA's commitments under performance share plans and long-term incentive plans for employees and corporate officers [2] - Detailed information about the share buyback program is available in the 2023 FORVIA Universal Registration Document filed with the Autorité des marchés financiers [3] Company Overview - FORVIA is a global automotive technology supplier formed from the merger of Faurecia and HELLA, with approximately 250 industrial sites and 78 R&D centers [5] - The company employs over 150,000 people, including more than 15,000 R&D engineers, and holds a strong IP portfolio of over 13,000 patents [5] - In 2024, FORVIA achieved consolidated revenue of 27 billion euros and is listed on the Euronext Paris market under the FRVIA mnemonic code [5]