Information Chairman And Chief Executive Officers Compensation Financial Year Ended 12312021

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Information relating to the Chairman and Chief Executive Officer's compensation for the financial year ended December 31, 2021 as determined by the Board of Directors on
February 24, 2022
Further to the recommendation of the Compensation Committee, the Board of Directors, at the meeting held on February 24, 2022, (i) determined Jacques Aschenbroich's variable compensation for his duties as Chairman and Chief Executive Officer for the financial year ended December 31, 2021 and (ii)
acknowledged the degree of achievement of his pension plan's performance condition for the financial year ended December 31, 2021.
It is noted that the (gross) fixed compensation paid by Valeo to Jacques Aschenbroich for his duties for the 2021 financial year totalled EUR 1,100,000, an amount which did not change between May 2019
and the separation January 26, 2022 when the role of Chairman was separated from that of Chief
Executive Officer.
I.

Jacques Aschenbroich's variable compensation for the financial year ended December 31,
2021

Further to the recommendation of the Compensation Committee, the Board of Directors, held on
February 24, 2022, assessed the degree of achievement of the quantifiable and qualitative criteria of
Jacques Aschenbroich's annual variable compensation in respect of the 2021 financial year. The components of the Chairman and Chief Executive Officer's compensation were set by the Board of
Directors on March 24, 2021 acting on the recommendation of the Compensation Committee, and approved by 96.51% by the Shareholders' Meeting of May 26, 2021 as part of the vote on the 2021
compensation policy (twelfth resolution) (the 2021 Chairman and Chief Executive Officer
Compensation Policy ).
Qualitative criteria
In order to assess the degree of achievement of each of the qualitative criteria set for 2021, which are described in the table below, the Board of Directors, held on February 24, 2022 on the recommendation of the Compensation Committee, carried out a detailed analysis of the degree of achievement of each of these criteria. The following elements are particularly representative of the year 2021:
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Control of the Covid-19 crisis with, from a health point of view, the continued application of the reinforced protocol and the changes made in 2021 which enabled to continue to protect the health of employees at all Group sites;

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Control of the semiconductor and raw materials crisis with, from an operational standpoint, the implementation of an efficient organization dedicated to crisis management, whose effectiveness has been praised by the Group's customers, which has ensured the continuity of their production (no production shutdowns);

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Preparation for the acquisition of Siemens' 50% stake in the joint venture Valeo Siemens eAutomotive (VSeA). This acquisition, announced on February 9, 2022, strengthens the
Group's leadership position in the high-growth electrification market;