Acquisition Strategy Rationale

Key Consumer Trends Recommendations & Strategy

Faurecia’s Cockpit of the Future has Connectivity at the core Enter Automotive Cybersecurity market with an Acquisition Strategy/
% of Respondents favouring increase Forward Vertical Integration with the potential target being Karamba security
focused on IoT, sensor and connectivity security, already operating in the
83%
in connectivity (Asia & USA)
81%
63% Automotive cybersecurity domain.
Consumers across these
61%
53%
markets fear the risk of
connected vehicle being
Timeline
44%
Phase 2022 2023 2024 2025 2026
hacked
Acquisition
Start

Post Merger
China India Rep of Korea Japan USA Integration

Cross Selling Quick Wins

% of Respondents who favour increas- (Phase 1) (Ford & VW)

76%
ing connectivity (Europe) 60% Cross Selling Expand Aftermarket Managed services for
71% Consumers across these (Phase 2) Customer Base Auto Manufacturers
markets fear the risk of
54%
connected vehicle being Quick Wins & Expansion
38% 37% 36% hacked
33%
24%
• Faurecia has Ford and Volkswagen as its largest customers and is already
Source: 2021 automotive Global
supplying cockpit solution in their vehicles (Ford F150 & Volkswagen
Consumer Study, Deloitte Nivus) which are initial quick wins target for Cybersecurity packages
Turkey Italy Spain Belgium UK France Germany Austria • Expansion would include other clients such as Hyundai (IONIQ) which
represent a small client share but are using cockpit solutions of Faurecia
Automotive Cybersecurity Market Facts
After Market Managed Services
USD 4 Billion 16.5%
Include vulnerability assessment, penetration testing, cybersecurity audits of
Automotive Cybersecurity CAGR of Automotive
the , connected features of the cars that are supplied to Faurecia’s clients over
market size by 2025 Cybersecurity Market
a larger contract period (Min 3 Years) when the customer comes for car
Source: Automotive Cybersecurity Market, Markets & Markets servicing to the Auto manufacturer