Peugeot Financial Results for the 1st half of 2008

1. July 2008 1
Interim Results July 23, 2008

2. This presentation may contain forward-looking statements. Such
forward-looking statements do not constitute forecasts regarding the
Company’s results or any other performance indicator, but rather
trends or targets, as the case may be. These statements are by their
nature subject to risks and uncertainties as described in the
Company’s annual report available on its Internet website
(www.psa-peugeot-citroen.com). These statements do not reflect
future performance of the Company, which may materially differ.
The Company does not undertake to provide updates of these
statements.
More comprehensive information about PSA Peugeot Citroën may be
obtained on its Internet website (www.psa-peugeot-citroen.com),
under Regulated Information.
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3. Christian Streiff
First Half Highlights
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4. Key Highlights
CAP 2010 plan: one year after its launch, a key
competitive edge to face the difficult environment
Priority growth regions showing strong momentum
Successful launch of new models
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5. First half 2008 sales growth driven
by international expansion
15% volume growth in our priority regions
Mercosur: +32.2%
Eastern Europe & Russia: +12.5%
Vehicles adapted to local market needs
Citroën C-Elysée & Peugeot 307 hatchback in China
Citroën C3 in Mercosur eésylE-C nëortiC 3C nëortiC 703 toegueP
anihC rusocreM anihC kcabhctah
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6. First half 2008 sales growth driven by product
momentum & environmental leadership
5C nëortiC WS 803 toegueP
Successful launch of 10 new models
reppiB toegueP rentraP toegueP
Leadership in light commercial vehicles:
omeN nëortiC ognilreB nëortiC
253,400 units sold, up 13.6%
Leadership in low emission vehicles: 568,000 vehicles sold
emitting less than 140g CO2/km in Europe
(47% of PSA unit sales in Europe)
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7. Major new steps in building future growth
Russian development accelerated
by new JV with Mitsubishi and
new plant under construction
Environmental leadership to
be reinforced by:
New family of 1-litre 3 cylinder petrol engines
Cooperation project for electric powertrains
with Mitsubishi
Acceleration of product launch rhythm
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8. Competitiveness plan drives 58% growth
in automotive recurring operating income
In million euros
CAP 2010
Competitiveness
-461
+882
Inflation
CAP 2010 and R&D
Development
633
-188
2.6%
400
1.7%
+58%
June 30, 2007 June 30, 2008
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9. CAP 2010 drives improvement in quality
Warranty expenses in constant decline
(basis 100)
100.0
86.0
78.0
72.0
66.0
H1 2006 H2 2006 H1 2007 H2 2007 H1 2008
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10. CAP 2010: 5.3%* productivity
gains in the automotive division
Automotive division sales and revenue Automotive division workforce
(in million euros) (end of period, in number of people)
-3.4%
0 06 , 93 1
009,631
654 ,74
+1.4%
665 ,44 001,431
002,231
205 ,42
961 ,42
6002 7002 ,03 enuJ ,03 enuJ
6002 7002 ,03 enu J ,03 enuJ
7002 8002
7002 8002
Decrease in Western Europe:
-7,823 people (-6.3%)
e c ro f kro w eg are va fo sis ab e ht nO *
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11. Group headcount reduction in Western Europe
In number of people
yratnuloV
172,247 n o it a r a p e s
larutaN
noitirtta
162,472
-6,304
-1,519
-1,952
Automotive division Non Automotive
division
-7,823
June 30, June 30,
2007 2008
Group workforce decrease in Western Europe: -9,775 people
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12. CAP 2010 delivers a boost to financial
performance
Group operating margin increases to 3.6%
Competitiveness plan generates gross savings
of €882 million
Net profit climbs 49% to €733 million
Free cash flow generation* positive at €134 million
s einapmo c s elas dna gnirutc afunaM *
21 8002 yluJ

13. Isabel Marey-Semper
First Half Results
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14. Group results
June 30, June 30, Change
In million euros
2007 2008
Sales and revenue 30,818 31,299 +1.6%
Recurring operating income 842 1,115 +32.4%
% of sales 2.7% 3.6%
Non-recurring operating income
and (expenses) (287) (86)
Operating income 555 1,029
Net financial income (expenses) (4) (70)
Income taxes (91) (293)
Share in net earnings (losses)
of companies at equity 23 65
Consolidated profit for the period 483 731
% of sales 1.6% 2.3%
Profit attributable to equity holders
of the parent 492 733
% of sales 1.6% 2.3%
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15. All Group businesses contribute to
recurring operating income growth
June 30, June 30,
% %
Change
In million euros 2007 2008
margin margin
Automotive 400 1.7 633 2.6 +58.3%
Faurecia 1.0 90 1.4 +42.9%
63
Gefco 4.2 79 4.1 +3.9%
76
Banque PSA Finance 301 nm 308 nm +2.3%
Others businesses
2 - 5 -
and eliminations
PSA Peugeot Citroën 842 2.7 1,115 3.6 +32.4%
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16. 61 8002 yluJ
Free cash flow: +134
)800 2 , 03 enuJ( ) 7 0 0 2 , 1 3 .ce D(
n oitiso p l aicnan if teN n oitisop l aicnan if teN
7002
1,257 1,404
(102)
(179)
(1,143)
s re htO
sdnedivid
t eN
(464)
)D &R .lcxe(
xepaC
(417)
D&R
dezilatipaC
RCW ni +2,158
e gnahC
wolf hsaC
In million euros – Manufacturing and sales companies
Positive cash flow generation

17. Faurecia: recurring
operating income up 43%
June 30, June 30,
In million euros
2007 2008
Sales and revenue 6,512 6,601
Recurring operating income 63 90
% of sales 1.0% 1.4%
Turnaround
Non-recurring operating income
continues
and (expenses) (39) (27)
Operating income 24 63
Positive profitability
in North America Net financial income (expenses) (43) (48)
Consolidated profit (loss) for the period (40) (19)
Encouraging outlook
% of sales -0.6% -0.3%
Free cash flow (10) (6)
Net financial position (1,865) (1,856)
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18. Gefco: sales and revenue
up 6%
June 30, June 30,
In million euros
2007 2008
Sales and revenue 1,797 1,904
PSA Peugeot Citroën 1,096 1,191
Third parties 701 713
International growth
Recurring operating income 76 79
Customer base
diversification
% of sales 4.2% 4.1%
Tight cost control
Non-recurring operating income
(1) (1)
and (expenses)
Operating income 75 78
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19. Banque PSA Finance:
a solid performance
June 30, June 30,
2007 2008
Net banking revenue €492 m €504 m
International Sales and revenue €975 m €1,059 m
growth
Total outstanding loans
€23.5 bn €24.4 bn
(end of period)
Cost of risk
still benchmark Number of new contracts
443,700 444,598
(lease and financing)
Solid profit
performance Penetration rate 25.2% 25.5%
Recurring operating income €301 m €308 m
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20. Banque PSA Finance: instalment sales continue
to account for the bulk of the business
(at June 30, 2008 - average net outstandings)
By product )se lc ihe v de su + wen(
Long-term rental 24%
Instalment sales
62%
Leasing 14%
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21. Banque PSA Finance: increase in Tier 1 capital,
while the risk-weighting of assets remains low
European capital adequacy ratio )1(
10.54%*
10.36% *
9.90%
9.62%
December 2005 December 2006 December 2007 June 2008
Regulatory capital (in million euros)
2,063 2,321 2,543 2,649
e rus o pxe ksir tide r c e tagergga/ ytiuqE )1(
12 :oitar e no reiT * %64.01 :70 02 %06 .01 :8002
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22. 22 8002 yluJ
80 enuJ 70 .ceD 70 enuJ
t b e d d e t a ni d r o b u s
s tekraM seitilicaf seitilibail + ytiuqe
snoitaziruceS latipaC knaB re htO s ’re dlo hkco tS
s no itaziruc e s nao L
%71 %51
%61 7.1
0.2 0.2
7.2
9. 2 9.2
6.3
8.3
1.4
st e k r a m l a t i p a C
%25 %65
%54
8.6
5.7
s e itilic af knabr e tnI
%13 %92
%93
3.9
6.01
8002 7002 7002
,0 3 enuJ ,13 . ce D ,03 enuJ
6.21
1.31
In billion euros
Excluding undrawn confirmed lines of credit
component of the financing strategy
Banque PSA Finance: diversification, a core

23. Automotive: strong profit growth
o ssa ciP 4C nëortiC
June 30, June 30,
Change
In million euros
2007 2008
Sales and revenue 24,169 24,502 +1.4%*
Recurring operating income 400 633 +58.3%
% of sales 1.7% 2.6%
Non-recurring operating income
(247) (58)
and (expenses)
(339) (61)
o/w restructing costs & impairment losses
92 3
o/w others
Operating income 153 575
% of sales 0.6% 2.3%
e po c s tnat sn o c t a %6.2+ *
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24. New car sales growth driven by volume,
product mix and price
In million euros
*)DKC .cni( s re htO
ecirP +2.1%
+1.1% yc ne rruC
xim t cud orP
+1.0%
e muloV xim yrtn uoC
+0.4%
-1.2% -0.2%
18,207
17,638
+3.2%
New car sales New car sales
June 30, 2007 June 30, 2008
ACPD gnidulc xE *
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25. Competitiveness plan drives 58% growth
in automotive recurring operating income
Major fixed costs and SG&A reduction now flowing
Substantial savings delivered by production & purchasing performance
Currency impact due to decline in GBP versus €
In million euros
noit cud orP
tne m e ruc o rp & waR
slaire tam
893+
,yt narraW lloryaP
, se s ne pxe lar e neg
yc ne rruC
s ts o c dexif )341(
484+ )09( D&R s re htO
e po r uE
)971(
rus o c reM dna )3( )64(
dna s ae s re vo
s U B r e hto 633
2.6%
98+
400 )772(
1.7%
+58%
June 30, June 30,
H1 H1
2007 2008
2007 2008
-188 +882 -461
Development Competitiveness Inflation
52 8002 yluJ

26. Christian Streiff
Second Half Key Priorities
and Outlook
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27. Key priorities for second half:
momentum of vehicle sales to continue
Reap full benefits of successful new models
launched in first half
Build on positive trends and
New
demand for low consumption
vehicle
& CO2 emission vehicles
sales
Launch 9 new models:
Europe: passenger versions
of the Peugeot Bipper and Citroën Nemo
Mercosur: Peugeot 207 Hatchback,
SW and Passion and Citroën C4 Hatchback
China: Citroën C-Quatre and 2 new models for Peugeot
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28. Key priorities for second half:
driving costs down
Downward trends in production
& fixed costs and SG&A to continue
Continuously
Quality improvement to continue
driving
and warranty expenses to be reduced
costs down
Extend benefits from PSA production
system
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29. Key priorities for second half:
new actions
Pass through of raw materials cost
Prices
increases
Media cost reductions
Commercial
costs New internal efficiency initiatives
Lean
Roll out lean process to all areas
everywhere
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30. Outlook for full year 2008
Western Europe expected -4%
Full year market
Growth regions expected
volume trends
around +15%
Total Group unit sales objective
of around 5% confirmed
Raw materials cost inflation expected
Full year raw
in range of €300-350 million
materials
Negative currency impact of GBP
& currency
at 80 pence/€
headwinds
Group operating margin target of 3.5% confirmed
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31. 13 8002 yluJ
Appendices

32. Sales and revenue
June 30, June 30,
Change
In million euros
2007 2008
Automotive 24,169 24,502 +1.4%
Faurecia 6,512 6,601 +1.4%
Gefco 1,797 1,904 +6.0%
Banque PSA Finance 975 1,059 +8.6%
Other businesses and
(2,635) (2,767) -
intra-company eliminations
+1.6%
31,299
PSA Peugeot Citroën 30,818
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33. Sales and revenue
(net of intra-company sales)
June 30, June 30,
In million euros
2007 2008
Automotive 24,146 24,480
Faurecia 5,090 5,168
Gefco 701 713
Banque PSA Finance 762 829
Other businesses 119 109
PSA Peugeot Citroën 30,818 31,299
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34. 43 8002 yluJ
80-1H 70-2H 70-1H 60-2H 60-1H 50-2H 50-1H 40-2H 40-1H
2.0
7.0
0.1
6.1
7.1
0.2
4.2 4.2
6.2
7.2
Automotive
1.3
3.3 3.3 4.3
6.3
PSA Peugeot Citroën
4.4
4.4 5.4
As a % of sales and revenue
Operating margin expansion continues

35. 53 8002 yluJ
5002 ,13 rebmeceD morf detadpu neeb evah serugiF
.sraey suoiverp ni dedulcni ton seirtnuoc saesrevo morf seirotnevni pihsrelaed
tnednepedni fo noitidda ,7002 fo gninnigeb eht morf :retemirep ni egnahC *
000,866 000,406 000,665 000,916 000,026 000,875 000,146 000,446 latoT
*yrotnevni
000,203 000,923 000,082 000,092 000,333 000,962 000,623 000,933 pihsrelaed
tnadnepednI
yrotnevni
000,663 000,572 000,682 000,923 000,782 000,903 000,513 000,503
puorG
yrotnevni
000,07 000,06 000,75 000,26 000,95 000,85 000,16 000,55 pihsrelaed
yrateirporP
yrotnevni
000,692 000,512 000,922 000,762 000,822 000,152 000,452 000,052
rerutcafunaM
8002 7002 7002 7002 6002 6002 6002 5002
,03 enuJ ,13 .ceD ,03 .tpeS ,03 enuJ ,13 .ceD ,03 .tpeS ,03 enuJ ,13 .ceD
(in units)
Inventories

36. 63 8002 yluJ
anitnegrA ,lizarB **
atlaM ,surpyC ,ainotsE ,aivtaL ,ainauhtiL ,ainevolS ,aikavolS ,cilbupeR hcezC ,dnaloP ,yragnuH ,aitaorC *
7.448,1 1.467,1 stinu DKC + VA LATOT
%6.4+
+81
4.561 4.39 stinu DKC latoT
%0.77+
3.976,1 7.076,1 selcihev delbmessa latoT
%5.0+
+9
7.441 3.451 dlrow eht fo tseR
%3.6-
8.301 6.201 anihC
%2.1+
1.421 9.39 **rusocreM
%2.23+
+15%
0.62 7.61 aissuR
%0.65+
*eporuE nretsaE
0.07 7.86
%9.1+
)81( eporuE nretseW
7.012,1 5.432,1
%9.1-
egnahC In thousand units
H1 2008 H1 2007
(assembled vehicles and CKD units)
in worldwide unit sales
Automotive: a 4.6% growth

37. Registrations
(cars and light commercial vehicles)
Registrations Market share
H1-08/H1-07 change in %
H1-07 H1-08
14.0%
0.3-
Western Europe 1,225,800 14.1%
9.3-
11.2%
3.8
Eastern Europe 67,800 11.7%
4.3
1.7%
9.23
Russia 25,200 1.4%
7.16
7.5%
5.62
Mercosur 124,000 7.5%
8.62
3.5%
3.41
China 103,100 4.0%
3.1
Market PSA
73
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38. Western Europe
(cars and light commercial vehicles)
Registrations Market share
H1-08/H1-07 change in %
H1-07 H1-08
14.0%
Europe 1,225,800 14.1%
0. 3-
9. 3-
31.8%
France 438,700 31.6%
6. 4
2. 5
19.8%
Spain 159,700 20.0%
0. 9 1-
1. 0 2-
9.8%
United Kingdom 139,800 10.5%
4. 1-
9, 7-
10.2%
Italy 140,700 10.2%
2. 1 1-
8. 0 1-
5.7%
Germany 100,500 5.6%
9. 3
2. 7
12.2%
Others 246,400 12.5%
6. 0-
4. 3-
Market PSA
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39. 207 + 206 leader in the B segment
in Europe for the second year in a row
CC 702 toegueP
206 + 207 market share
in its segment – Europe 18 countries
In %
11.5
11.1
Worldwide sales
In thousand units
+1.0%
431
H1 2007 H1 2008 427
155
602 toegueP
159
WS 702 toegueP
276
268 702 toegueP
H1 2007 H1 2008
93
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40. Picasso leader in the compact MPVs segment
in Europe for the second year in a row
Xsara Picasso + C4 Picasso market share
in its segment – Europe 18 countries
In %
22.7
19.0
ossaciP 4C dnarG nëortiC
Worldwide sales
In thousand units
+0.6%
164
163
H1 2007 H1 2008
54
17 nëortiC
ossaciP arasX
911
29 nëortiC
ossaciP 4C
H1 2007 H1 2008
ossaciP 4C nëortiC
04
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41. Peugeot 308: on track with its 2008 target
307 + 308 market share
in its segment – Europe 18 countries
2008 Target
In %
6.3 350,000 units sold
5.5
Worldwide sales
In thousand units
+13.0%
S1 2007 H1 2008
S1 250
H1
220
99
703 toegueP
WS 803 toegueP
151
803 toegueP
H1 2007 H1 2008
14
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42. New Citroën C5
5C nëortiC
Launched in April 2008
Orders since launch:
52,000 orders
Full year target:
reruoT 5C nëortiC
150,000 units sold
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43. PSA: reinforced leadership in light
commercial vehicles in Europe
Market share Europe 18 countries
Light commercial vehicles (in %)
19.6
18.8
reppiB toegueP eepeT trepxE toegueP
Worldwide sales (LCVs)
In thousand units
+13.6%
253
H1 2007 H1 2008 223
113
srehtO 13
omeN/reppiB
82
92
43
repmuJ/rexoB 36
55
ypmuJ/trepxE
04 348
44
ognilreB/rentraP
49 68
H1 2007 H1 2008
omeN nëortiC
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44. China
In thousand of units sold
Market:
+14.3% +1.2%
8.301
6.201
DPCA recurring operating income
In million euros
39.5
H1 2007 H1 2008
12.0
H1 2007 H1 2008
8002 yluJ 44

45. Mercosur
In thousand of units sold
Brazil Argentina
Market: Market:
+43.7% +15.7%
+30.2% +12.9%
7.97
44.5
38.4
4.55
H1 2007 H1 2008 H1 2007 H1 2008
Automotive division recurring
operating income
In million euros
61.0
-14.0
H1 2007 H1 2008
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46. 7 02 toegueP 6C nëortiC
Russia
Peugeot: 58 sales points at June 30, 2008 (40 at end-2007)
Citroën: 31 sales points at June 30, 2008 (37 at end-2007)
In thousand of units sold
Market: +56.0%
26.0
+32.9%
3.7
16.7
Citroën
5.2
22.3
Peugeot
11.5
H1 2007 H1 2008
8002 yluJ 64

47. Russia: to capture part
of the market in value
2,580,000 vehicles Market value (in €)
7.1%
9.1%
15.1%
28.2%
3.9%
2.7%
5.7%
3.8%
9.1%
17.6%
9.5%
19.1%
36.2%
19.4%
9.7% 3.7%
2007 units 2007
A B C D E MPVs SUVs LCVs
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