Slide 1: 2022 H1 Results
2022 H1 RESULTS JULY 25, 2022 LAURENT FAVRE, CEO FÉLICIE BURELLE, MANAGING DIRECTOR KATHLEEN WANTZ-O’ROURKE, GROUP CFO & CIO 2022 H1 RESULTS – JULY 25, 2022 1
Slide 2: H1 2022 Business Highlights in a challenging market
H1 2022 Business Highlights in a challenging market Increase of economic sales by 4.3% Strategy in H1 22 compared to H1 2021 acceleration of implementation H1 22 MOP at 4.6% X2.6 compared to H2 2021 Orderbook €134M FCF strong increase in line with Group’s objectives SOPs €104M net result Group share
Slide 3: Adjustment of S&P market outlook converging towards PO's vision
Adjustment of S&P market outlook converging towards PO’s vision of approx. 77m vehicles in 2022 S&P Global Mobility Automotive production (in million vehicles) 94.8 92.1 87.7 85.9 88.8 87.2 81 -3.6% 84.2 78.1 February 2022 74.1 July 2022 71.5 2019 2020 2021 2022 2023 2024 2025 2022 H1 RESULTS – JULY
Slide 4: Interlinked phenomena impacting automotive production
Interlinked phenomena impacting automotive production Continued chip shortages, Differentiated impacts Growing worldwide covid impact and production on automotive production(1) inflation stoppages per region Automotive production(1) Plastic prices(2) (in USD/t) H1 2022 vs. H1 2021 (in M vehicles) Au
Slide 5: Strong progression between H2 2021 and H1 2022
Strong progression between H2 2021 and H1 2022 Market volumes(1) Operating margin 36.3 +2.7% 37.3 179 1 INCREASED EFFICIENCY x2.6 • Lowered breakeven point 69 • Operational performance H2 2021 H1 2022 H2 2021 H1 2022 2 MARGIN MANAGEMENT Economic sales Free Cash-flow • Ongoing negotiations to mitigat
Slide 6: H1 2022 Highlights
H1 2022 HIGHLIGHTS ACCELERATING OUR TRANSFORMATION TO DRIVE A NEW GENERATION OF MOBILITY 2022 H1 RESULTS – JULY 25, 2022 6
Slide 7: Driving a new generation of mobility
v03 Driving a new generation of mobility 1 Reinforcing our product portfolio to grow our content per vehicle 2 Generate new, profitable growth in EV mobility, connectivity and safety 3 Enlarge our scope to services arising from new mobility requirements 2022 H1 RESULTS – JULY 25, 2022 7
Slide 8: Deployment of PO's strategy through acquisitions in electrification and lighting
Deployment of PO’s strategy through acquisitions in electrification and lighting Electrification Lighting Power (VLS) Strong expertise An innovation A recognized in heavy mobility leader lighting player ~€22M 200 ~€148M 770 ~€0.8bn 6,500 EV at EV at EV at €52.5M revenues in 2021 employees €65M reven
Slide 9: Operational Excellence
OPERATIONAL EXCELLENCE 2022 H1 RESULTS – JULY 25, 2022 9
Slide 10: Active customer acquisition across the mobility sector
Active customer acquisition across the mobility sector AUTOMOTIVE 2022 NEW MOBILITY From 65 up to 93 brands New customers in heavy mobility TOP NEW AQUISITIONS 2022 H1 RESULTS – JULY 25, 2022 10 2015
Slide 11: Order book: many successes across divisions
Order book: many successes across divisions Audi e-tron GT (EV) Porsche Cayenne (EV) Renault 4ever (EV) Stellantis Smart car Nio ES5 Orion (EV) Rear & Front Bumpers, Front & Rear Bumpers, Front Bumpers Front & Rear Bumpers Tailgates Front-end modules Front-end Modules, & Polycarbonate Grilles (Slova
Slide 12: New Energies: significant wins in H1 2022 paving the way for 2025 targets
New Energies: significant wins in H1 2022 paving the way for 2025 targets A complete offer of standard products for all mobility segments Light commercial Pick-up trucks vehicles Vessels Vessels Solid commercial pipeline Doubled Order Intake in the last 6 months Range trucks Buses Vessels Fuel Cell
Slide 13: Growth: major launches in H1 2022
Growth: major launches in H1 2022 67 LAUNCHES in H1 2022 Cadillac Lyriq Opel Astra Renault Megane BYD HAN EV Bumpers, Rocker Panels, Tailgates Bumpers, Roof Spoiler, Bumpers Tailgates (France) Tailgate skins (China) of which(1) (USA) (France) 33 in China, 14 in Asia excl. China, 9 in Europe, Skoda K
Slide 14: Innovation
INNOVATION 2022 H1 RESULTS – JULY 25, 2022 14
Slide 15: PO Innovation Challenge 2022
PO Innovation Challenge 2022 Innovate for a sustainable mobility • Partnership with • Open to PO employees & external participants • Objectives • Shift the vehicle industry from a linear to a circular model • Extend the vehicle lifespan, use the existing fleet as raw material Plastic Omnium is drivi
Slide 16: Launch of a PO Software House
Launch of a PO Software House Enhancing and securing the attractiveness of PO’s offering Lighting Intelligent Modules (HBPO) Clean Energy Systems New Energies VLS(1) + AMLS Exterior Systems Creation of a PO Software House SECURE IP, INTEGRATE MORE VALUE, INTERFACE WITH OEM OS Strong software develop
Slide 17: Partnering with new OEMs: Plastic Omnium & Hopium
Partnering with new OEMs: Plastic Omnium & Hopium & Developing a connected hydrogen car New collaborative way • Next generation vehicles Partnership • Faster processes since • Partnership May 2021 Integrating PO’s technology • Exterior parts • High pressure hydrogen vessels Start • Integrated Vessel
Slide 18: Sustainability
SUSTAINABILITY 2022 H1 RESULTS – JULY 25, 2022 18
Slide 19: An ambitious carbon neutrality roadmap
An ambitious carbon neutrality roadmap SCOPES 1 & 2: SCOPE 3: neutral in 2025 -30% in 2030 Reduce Replace Compensate Collaborate 12% reduction Use Carbon Action in energy of renewable offset plan with consumption energy projects stakeholders SCOPES 1-2-3: neutral in 2050 • Adaptation of 12 sites wit
Slide 20: An ambitious carbon neutrality roadmap
An ambitious carbon neutrality roadmap • Approved by , • Aligned with • Awarded in the “Best CO2 Strategy” category at the “Sommet de la Transformation Durable”* 2022 ECOVADIS rating increased: From 75/100 to 80/100 Top 1% of its sector – Platinum Status 2022 H1 RESULTS – JULY 25, 2022 20 * Event or
Slide 21: PO's ambition towards a circular economy
PO’s ambition towards a circular economy Partnerships with suppliers to accelerate the development of recycled plastic materials Ecodesign • Improve recyclability of our products • Better aerodynamics • Waste management Innovation for longer-lasting products 2022 H1 RESULTS – JULY 25, 2022 21
Slide 22: H1 2022 Financial Results
H1 2022 FINANCIAL RESULTS 2022 H1 RESULTS – JULY 25, 2022 22
Slide 23: Strong performance in H1 2022
Strong performance in H1 2022 Strong recovery Solid progress Positive evolution from H2 2021 against H2 2021 against H2 2021 ECONOMIC SALES OPERATING MARGIN NET RESULT-GROUP SHARE €4,318m €179m €104m in H1 2022 in H1 2022 in H1 2022 €3,879 in H2 2021 €69m in H2 2021 -€16m in H2 2021 +6.6% +161% +120
Slide 24: Sales per business
Sales per business ∆ H1 2022 ∆ H1 2022 H1 H1 vs. H1 2021 vs. H1 2021 In €M 2021 2022 in % LFL PO Industries 2,992 3,119 +4.2% 0.0% PO Modules 1,146 1,198 +4.6% +1.6% Economic revenue 4,138 4,318 +4.3% +0.4% Joint Ventures 354 397 +12.1% +6.0% Consolidated revenue 3,784 3,921 +3.6% -0.1% 2022 H1 RESU
Slide 25: Growth and outperformance in key geographies
Growth and outperformance in key geographies of the Group ASIA EUROPE NORTH AMERICA CHINA (EXCL. CHINA) % of eco sales1 50% 29% 10% 8% Auto production2 -11.4% +4.3% +3.5% -1.7% PO Sales3 -6.3% +11.3% -6.8% +16.1% Performance +5.1pts +7.0pts -10.3pts +17.8pts (1) H1 2022 economic sales; +1pt change i
Slide 26: Profitability per business
Profitability per business In €m and % of sales H1 2021 H1 2022 234 179 Operating margin 6.2% 4.6% 209 159 PO Industries 7.6% 5.6% 25 20 PO Modules 2.4% 1.9% 461 414 EBITDA 12.2% 10.6% 408 362 PO Industries 14.9% 12.8% 53 52 PO Modules 5.1% 4.7% 2022 H1 RESULTS – JULY 25, 2022 26
Slide 27: H1 2022 Impact of inflation and shutdowns
H1 2022 Impact of inflation and shutdowns Estimated gross impact before mitigation Inflation Raw Materials Energies Shutdowns Logistics ~ €150m ~40% ~60% • Inflation represents 60% of the extra-costs of the semester • Operational efficiency • Mitigation efforts with players in automotive sector ~€30
Slide 28: Cash-flow statement
Cash-flow statement In €m H1 2021 H1 2022 Operating margin 234 179 EBITDA 461 414 Net operating Cash Flow 409 355 In % of sales 10.8% 9.1% Capex and development -149 -154 In % of sales -3.9% -3.9% Change in WCR -108 -68 ow factoring -25 +47 Free Cash-Flow +151 +134 Dividends -83 -49 Treasury shares
Slide 29: Key financial metrics
Key financial metrics Net debt Net debt/EBITDA (in €m) 890 854 851 1.2 1.1 0.9 H1 2021 H2 2021 H1 2022 H1 2021 H2 2021 H1 2022 Shareholders’ equity Gearing (in €m) 44% 41% 2,041 2,058 2,175 39% H1 2021 H2 2021 H1 2022 H1 2021 H2 2021 H1 2022 2022 H1 RESULTS – JULY 25, 2022 29
Slide 30: Further increase in liquidity in H1 2022 compared with 2021
Further increase in liquidity in H1 2022 compared with 2021 Liquidity as of June 30, 2022 Bond issues per maturity (in €Bn) (in €M) 500 2.8 2.7 395 Undrawn & confirmed 1.9 1.9 credit lines 159 175 130 Cash & cash equivalent 0.8 0.9 FY 2021 H1 2022 2022 2023 2024 2025 2027 2029 3.5 years MATURITY NO
Slide 31: Outlook
OUTLOOK 2022 H1 RESULTS – JULY 25, 2022 31
Slide 32: 2022 automotive production assumptions
2022 automotive production assumptions Automotive production(1) – S&P Global Mobility Forecasts (in million of vehicles) 74.1 78.1 PO ASSUMPTIONS 2022 37.8 36.3 37.3 40.8 S&P February(2) 2022– 5% 77M vehicles FY 2021 H1 2021 H2 2021 FY 2022 H1 2022 H2 2022 Outlook in-line with management assumptions
Slide 33: Confirmed FY 2022 Financial Guidance
Confirmed FY 2022 Financial Guidance(1) ECONOMIC OPERATING FREE SALES MARGIN CASH-FLOW Outperformance 5%-6% >€260m of sales OCTOBER 25TH, 2022 – Third Quarter 2022 results 2022 H1 RESULTS – JULY 25, 2022 33 (1) Like-for-like at constant scope
Slide 34: Conclusion
Conclusion Dynamic increase in revenue and strong cash-flow Significant increase in operating margin Reinforced operational efficiency Strategic acquisitions Significant wins in hydrogen Progress on carbon neutrality plan Robust financial structure 2022 H1 RESULTS – JULY 25, 2022 34
Slide 35: Disclaimer
Disclaimer This presentation contains certain forward-looking statements concerning Plastic Omnium. Such forward-looking statements represent trends or objectives and cannot be construed as constituting forecasts regarding the future Plastic Omnium’s results or any other performance indicator. In so
Slide 36: Appendices
APPENDICES 2022 H1 RESULTS – JULY 25, 2022 36
Slide 37: Sales per business
Sales per business ∆ H1 2022 ∆ H1 2022 ∆ H1 2022 ∆ H1 2022 H1 vs. H1 2021 vs. H1 2021 H2 vs. H2 2021 vs. H2 2021 H1 In €M 2021 in % LFL 2021 in % LFL 2022 PO Industries 2,992 +4.2% 0.0% 2,834 +10.1% +5.1% 3,119 PO Modules 1,146 +4.6% +1.6% 1,045 +14.7% +11.0% 1,198 Economic 4,138 +4.3% +0.4% 3,879 +
Slide 38: H1 2022 Profit & Loss account
H1 2022 Profit & Loss account In €m H1 2021 H2 2021 H1 2022 Consolidated sales 3,784 3,449 3,921 Cost of materials and parts sold -2,628 -2,313 -2,756 In % of sales -69.4% -67.1% -70.3% Production costs -665 -797 -720 In % of sales -17.6% -23.1% -18.4% Net Research and Development costs -127 -131 -1
Slide 39: H1 2022 Profit & Loss account
H1 2022 Profit & Loss account In €m H1 2021 H2 2021 H1 2022 Operating margin 234 69 179 In % of sales 6.2% 2.0% 4.6% Other operating expenses -21 -36 -17 In % of sales -0.5% -1.0% -0.4% Financial expenses -26 -25 -24 In % of sales -0.7% -0.7% -0.6% Income Tax -38 -22 -30 Net Result 149 -14 109 In %
Slide 40: Contacts
Contacts investor.relations@plasticomnium.com www.plasticomnium.com 2022 H1 RESULTS – JULY 25, 2022 40