Opmobility · EURONEXT:OPM
Opmobility — Plastic Omnium — Q1 2021 Earnings Presentation
10 slides from Opmobility's earnings presentation, Apr 20, 2021
Slide 1: Q1 2021 Confcall
Q1 2021 CONFCALL Levallois, April 20th, 2021 2021 Q1 sales – April 20th, 2021
Slide 2: Key messages
Key messages Fragmented & volatile market in Q1 Strategic developments in Q1 • China: +79.2%; RoW: -0.4% • Strong commercial activity with new • Supply chain disruptions strategic orders especially on EV • Hydrogen acceleration with EKPO Fuel Cell technologies closing Solid Q1 sales • Push on carbon
Slide 3: Strong resilience of PO sales
Strong resilience of PO sales Q1 automotive production PO Q1 economic sales (In million of vehicles) (In m€) -11.6% -3.5% ie -2.6m vehicles ow -1.1m in Europe; -600k in North Am; -600k in Asia excl. China +13.6% +1.0% ie +2.3m vehicles ow +2.4m in China 22.2 2,236 2,137 2,157 19.6 17.3 Q1 20219 Q1 2
Slide 4: Q1 revenue per business
Q1 revenue per business In €m Q1 2020 Q1 2021 Change Change like-for-like Per business Plastic Omnium Industries 1,598 1,567 -1.9% +2.1% Plastic Omnium Modules 539 590 +9.5% +12.5% Economic sales 2,137 2,157 +1.0% +4.8% JVs 108 172 +59.9% +65.4% Plastic Omnium Industries 1,525 1,445 -5.3% -1.4% Plas
Slide 5: Q1 revenue per geography
Q1 revenue per geography EUROPE NORTH AMERICA CHINA ASIA (excl. CHINA) % of eco sales 56% 24% 10% 7% AUTO PRODUCTION -1.1% -5.4% +79.2% +3.1% PO SALES +2.9% -12.4% +79.2% +25.0% In line In line OUTPERFORMANCE +4.0pts restated & will accelerate +21.9pts from toolings from Q2 * Plastic Omnium economic
Slide 6: Strong commercial activity in Q1
Strong commercial activity in Q1 New growth drivers, especially on BEV platforms Ford - new EV SUV Volkswagen 100% EV player Volkswagen - Jetta General Motors new Audi - EV Q4 e-tron Front and rear ID-buzz EV combi Front-end modules Front and rear EV SUV Active grille shutters bumpers (Germany) Cock
Slide 7: Recent developments in hydrogen
Recent developments in hydrogen Launch of PLASTIC OMNIUM (40%) & ELRINGKLINGER (60%) JV Closing leader in fuel cell stacks for a wide range of mobility applications March 1st 2021 Acquisition of ElringKlinger Fuelcell Systems Austria GmbH (EKAT) €115m dedicated to integrated hydrogen systems Global
Slide 8: 2021 Market outlook
2021 Market outlook Shortage update • OEMs continue to shutdown some production • PLASTIC OMNIUM, which is not directly lines / sites due to supply chain disruptions impacted, manages the situation on a daily basis particularly on semiconductors in its 135 plants REINFORCED FLEXIBILITY AND CONTINUAT
Slide 9: 2021 Financial Guidance confirmed
2021 Financial Guidance confirmed STRONG BACK TO 2019 SUPERIOR TO 2019 GROWTH LEVELS LEVELS SALES OPERATING FREE MARGIN CASH FLOW 6% of sales >€220m H1 RESULTS WILL REFLECT THIS TRAJECTORY 2021 Q1 sales – April 20th, 2021 8
Slide 10: Q1 2021 Confcall
Q1 2021 CONFCALL Levallois, April 20th, 2021 2021 Q1 sales – April 20th, 2021