Opmobility · EURONEXT:OPM
Opmobility — Plastic Omnium — JP Morgan European Automotive Conference 2023
21 slides from Opmobility's conference presentation, Jun 5, 2023
Slide 1: European Automotive Conference
EUROPEAN AUTOMOTIVE CONFERENCE JP MORGAN June 5, 2023 Kathleen WANTZ-O’ROURKE CHIEF FINANCIAL OFFICER JP MORGAN EUROPEAN AUTOMOTIVE CONFERENCE – JUNE 5, 2023
Slide 2: FY2022 Highlights
FY2022 HIGHLIGHTS JP MORGAN EUROPEAN AUTOMOTIVE CONFERENCE – JUNE 5, 2023 2
Slide 3: Executive Summary: A proven track record of growth
Executive Summary A proven track record of growth both organic and external Economic revenue in €bn Hydrogen Fuel cells Revenue X 9.5 storage Creation of JV 100 % Plastic Omnium Majority since 2000 stake Exterior 9,5 9,2 systems Creation of JV Fuel systems 7,7 7,7 50 % Organic growth 6 6,9 Lighting
Slide 4: Strong profitable growth in 2022
Executive Summary Strong profitable growth in 2022 ECONOMIC REVENUE OPERATING MARGIN NET RESULT & DIVIDEND Very strong Robust evolution Double-digit growth commercial momentum in inflationary context NET RESULT-GROUP DIVIDEND PER SHARE SHARE €9 477m €364m €168m €0.39 in 2022 in 2022 in 2022 in 2022
Slide 5: Robust financial structure in 2022, nurturing future growth
Executive Summary Robust financial structure in 2022, nurturing future growth STRONG PERFORMANCE SOLID FINANCIAL STRATEGIC ACQUISITIONS OF HISTORIC BUSINESS STRUCTURE POST M&A AND TARGETED INVESTMENTS +10% 5.1% €0.9bn GROWTH OP. MARGIN IN STRATEGIC ACQUISITIONS 1.9x €289m NET DEBT / EBITDA €0.4bn FR
Slide 6: Q1 2023 Highlights
Q1 2023 HIGHLIGHTS JP MORGAN EUROPEAN AUTOMOTIVE CONFERENCE – JUNE 5, 2023 6
Slide 7: Continuing the path of growth in 2023
Executive Summary Continuing the path of growth in 2023 STRONG CLEAR ACTION REVENUE GROWTH +34,5% PLAN FOR THE LIGHTING BUSINESS Q1 2023 On track to improve operational efficiency Executive Business RECORD Highlights CONFIRMED ORDER INTAKE 2023 FINANCIAL OUTLOOK IN NORTH AMERICA for ICE, BEV and Hyd
Slide 8: Q1 2023: Strong organic growth, outperforming the market
Q1 2023: Strong organic growth, outperforming the market Global market growth Q1 2023 Q1 2023: SIGNIFICANT IMPROVEMENT STRONG GROWTH IN MOST REGIONS COMPARED TO Q1 2022 / Worldwide automotive production in M vehicles ASIA EUROPE NORTH AMERICA CHINA (EXCL. CHINA) 79.7 % OF ECO REVENUE* 52.3% 26.3% 9.
Slide 9: Q1 2023: Organic consolidated revenue growth at 18.0%
Q1 2023: Organic consolidated revenue growth at 18.0% Revenue per business line In €m Q1 2022 Q1 2023 ∆ in % ∆ LFL PO Industries 1,530 2,015 +31.7% +10.9% PO Modules 568 807 +42.1% +37.9% Economic Revenue 2,098 2,822 +34.5% +17.5% Joint Ventures 207 258 +24.7% +13.0% PO Industries 1,373 1,849 +34.7%
Slide 10: Historic c.€10 billion order intake secured in North America
Historic c.€10 billion order intake secured in North America Accelerating growth in favor of a more balanced geographical footprint ENERGY STORAGE SOLUTIONS MODULES BUMPERS Key renewal confirming Highlighting our technology leadership Proof of an undisputed leadership our leading position / Historic
Slide 11: Hydrogen: joint venture with REIN (SHENERGY Group)
Hydrogen: joint venture with REIN (SHENERGY Group) Accelerating hydrogen mobility in China 50/50 JOINT VENTURE SCOPE OF THE JV SETUP OF PRODUCTION CAPACITIES / between Plastic Omnium and Rein, / High-pressure / New mega-plant: subsidiary of Shenergy Group hydrogen storage • Financed by both partners
Slide 12: Lighting activities
Lighting activities Action plan on track to improve operational efficiency CLOSE MONITORING TO IMPROVE INDUSTRIAL PERFORMANCE AND ALIGN WITH GROUP STANDARDS KEY OPERATIONAL INDICATORS IMPLEMENTED COMMERCIAL MEASURES OPTIMIZATION OF FREE COST SYNERGIES ---- TO SECURE REVENUE CASH-FLOW GENERATION SCRA
Slide 13: Strategic Roadmap
STRATEGIC ROADMAP JP MORGAN EUROPEAN AUTOMOTIVE CONFERENCE – JUNE 5, 2023 13
Slide 14: A rapidly-changing market that requires agility
A rapidly-changing market that requires agility 2021-2027 Powertrain mix evolution Worldwide production outlook by powertrain type Electric in millions of vehicles in 2027 Current trends ~37% 31.5 % 5.4 % 7.4 % EUROPE • Inflation 10.7 % 89,8 74,1 79,7 • Chinese market restart 10.1 % 15.1 % 31.5 % ~4
Slide 15: Plastic Omnium's transformation is a well-defined strategic response
Plastic Omnium’s transformation is a well-defined strategic response 2022-2030 Building up and out STRATEGIC PRIORITIES REINFORCING OUR PRODUCT GENERATE NEW, PROFITABLE ENLARGE OUR SCOPE TO SERVICES PORTFOLIO TO GROW OUR CONTENT GROWTH IN EV MOBILITY, ARISING FROM NEW MOBILITY PER VEHICLE CONNECTIVI
Slide 16: Strengthening our growth profile, increasing value-add per vehicle
Strengthening our growth profile, increasing value-add per vehicle Global value proposition NEW ENERGIES High pressure vessels Fuel Cells (EKPO JV) (Jan. 2022) Integrated H2 systems ACTIA POWER Design/manufacturing on-board batteries Power electronics EXTERIOR SYSTEMS POWERTRAIN (Aug. 2022) Electrif
Slide 17: Outlook
OUTLOOK JP MORGAN EUROPEAN AUTOMOTIVE CONFERENCE – JUNE 5, 2023 17
Slide 18: Ambitious objectives confirmed
Ambitious objectives confirmed Objectives 2023-2025 OBJECTIVES 2023 OBJECTIVES 2025 2023 REVENUE: STRONG GROWTH AND OUTPERFORMANCE >€11.5bn AGAINST MARKET 2025 REVENUE > CAGR FCF >€400m >€260m OPERATING RESULT FREE CASH-FLOW +15% between 3-4% (>+10% growth on 2022) OPERATING RESULT IN € OF REVENUE (
Slide 19: Q&A
Q&A JP MORGAN EUROPEAN AUTOMOTIVE CONFERENCE – JUNE 5, 2023 19
Slide 20: Disclaimer
Disclaimer The information contained in this document (the “Information”) has been prepared by Compagnie Plastic Omnium SE (the “Company”) solely for informational purposes. The Information is proprietary to the Company and confidential. This presentation and its contents may not be reproduced or di
Slide 21: www.plasticomnium.com
www.plasticomnium.com JP MORGAN EUROPEAN AUTOMOTIVE CONFERENCE – JUNE 5, 2023
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