Opmobility · EURONEXT:OPM

Opmobility — Plastic Omnium — H1 2013 Earnings Presentation

23 slides from Opmobility's earnings presentation, Jul 24, 2013

  1. Slide 1: First-Half 2013 Results

    LEVALLOIS, 24 JULY 2013 First-Half 2013 Results Laurent Burelle Chairman and Chief Executive Officer Paul Henry Lemarié Director, Chief Operating Officer Jean-Michel Szczerba Director, Chief Operating Officer

  2. Slide 2: Overview

    First-Half 2013 Results OVERVIEW First-Half 2013 Highlights First-Half 2013 Results Outlook 24 July 2013 2

  3. Slide 3: First-Half 2013 Highlights: Financial Performance - Revenue and Operating Margin

    First-Half 2013 Results FIRST-HALF 2013 HIGHLIGHTS FINANCIAL PERFORMANCE REVENUE +27.1% 3 000 2 500 +7.4% • Worldwide automobile production rose 1.4% 2,568 in first-half 2013 2 000 2,390 2,020 In €m 1 500 • Plastic Omnium outperformed the market, 1 000 with revenue increasing 7.4% 500 0 • Strong gro

  4. Slide 4: Capital Expenditure and Free Cash Flow

    First-Half 2013 Results FIRST-HALF 2013 HIGHLIGHTS FINANCIAL PERFORMANCE CAPITAL EXPENDITURE AND PROJECTS 200 In €m and as a % of revenue 150 • Funds from operations = 10.6% of revenue in 129 first-half 2013 5.9% 100 83 5.4% • Capital expenditure and projects up 16% to 4.1% 5.9% of revenue in the fi

  5. Slide 5: Net Debt / Equity and Net Debt / EBITDA

    First-Half 2013 Results FIRST-HALF 2013 HIGHLIGHTS FINANCIAL PERFORMANCE NET DEBT / EQUITY 800 830 864 • New improvement of financial ratios 739 600 64% • Gearing: 43% In €m 47% 43% 400 471 • Net debt / EBITDA: 0.6 390 375 200 0 • Initial €500m bond issue on 21 May 2013 2011 2012 H1 2013 Debt Equity

  6. Slide 6: Global Expansion: Automotive Footprint

    First-Half 2013 Results FIRST-HALF 2013 HIGHLIGHTS GLOBAL EXPANSION Automotive footprint Stepped-up investment in growth regions +7 101 • 10 new plants in the BRICs 94 • Fuel systems: 4 plants 16 15 70 In all, • Bumpers: 6 plants 13 20 automotive • New paint lines: plants in 5 5 growth regions, Pueb

  7. Slide 7: Innovation

    First-Half 2013 Results FIRST-HALF 2013 HIGHLIGHTS INNOVATION Thermoplastic tailgate • An enhanced offer of solutions that make vehicles lighter and reduce harmful emissions • Launch of the first full thermoplastic tailgate • Launch of the first SCR system for nitrogen oxide emissions control in Nor

  8. Slide 8: Overview

    First-Half 2013 Results OVERVIEW First-Half 2013 Highlights First-Half 2013 Results Outlook 24 July 2013 8

  9. Slide 9: Continuing to Outperform the Market

    First-Half 2013 Results CONTINUING TO OUTPERFORM THE MARKET H1 2013: 41.3 million vehicles H1 2012: 40.8 million vehicles Automobile production in H1 2013 +1.4%, PO revenue +7% North America PO Rev. Western Europe PO Rev. Asia (Excl.China) PO Rev. +9% +2% and Rest of world +6% 14 14 14 -5% 12 +2.5%

  10. Slide 10: 58 Automotive Program Launches in First-Half 2013

    First-Half 2013 Results 58 AUTOMOTIVE PROGRAM LAUNCHES IN FIRST-HALF 2013 Eastern Europe 5 launches Western Europe incl : New A3 North America 22 launches Up 7 launches incl : Range Sport Asia incl : Dodge Ram Class A, Class B 17 launches Fiat 500 incl : Buick Excelle Peugeot 2008 Transit Citroën Pi

  11. Slide 11: New Environment Division Contracts in First-Half 2013

    First-Half 2013 Results NEW ENVIRONMENT DIVISION CONTRACTS IN FIRST-HALF 2013 • Underground containers and incentive-based invoicing • 30% market share in Europe • First contracts for underground containers with access control systems • 800 underground containers installed in Rennes • Container supp

  12. Slide 12: Accelerated Growth in the Second Quarter of 2013

    First-Half 2013 Results ACCELERATED GROWTH IN THE SECOND QUARTER OF 2013 3000 +7.4% 2500 2,567.9 2,390.4 2000 +11.7% In €m +3.2% 1500 1,230.0 1,337.9 1,192.2 1,198.2 1000 500 0 Revenue Q1 Revenue Q2 Revenue H1 2012 2013 24 July 2013 12

  13. Slide 13: First-Half 2013 Revenue by Business

    First-Half 2013 Results FIRST-HALF 2013 REVENUE By business In €m 06.30.2012 06.30.2013 Change Plastic Omnium Automotive 2,161 2,339 +8% As % of revenue 90% 91% Plastic Omnium Environment 229 229 0% As % of revenue 10% 9% Consolidated revenue 2,390 2,568 +7.4%* (*) Up 8.5% at constant scope of conso

  14. Slide 14: First-Half 2013 Revenue

    First-Half 2013 Results FIRST-HALF 2013 REVENUE • 14% increase in Automotive revenue in second-quarter 2013 (compared with a 3.2% rise in worldwide automobile production) • 64% of Automotive revenue from outside Western Europe Group revenue by region Automotive revenue by carmaker South America Othe

  15. Slide 15: Statement of Income

    First-Half 2013 Results STATEMENT OF INCOME In €m 06.30.2012 06.30.2013 Change Revenue 2,390.4 2,567.9 +7.4% Operating margin 169.3 190.1 +12.3% % of revenue 7.1% 7.4% Automobile 159.0 183.6 +15.5% % of revenue 7.4% 7.8% Environment 10.3 6.5 -36.9% % of revenue 4.5% 2.8% EBITDA 264.2 293.0 +10.9% %

  16. Slide 16: Statement of Income: Production Costs and Labor Costs

    First-Half 2013 Results STATEMENT OF INCOME Production costs and overheads • Stepped up cost-reduction measures 30 31.9 • Bumpers: Closing of a plant in Germany and a plant 29.3 28.7 in Belgium on August 2013 As a % of revenue 20 • Environment Division: Program to adjust overheads 10 (saving of €15

  17. Slide 17: Balance Sheet

    First-Half 2013 Results BALANCE SHEET In €m 06.30.2012 12.31.2012 06.30.2013 Net Debt at the beginning of the period -471 -471 -390 Funds from operations +244 +474 +272 Taxes and interest paid -62 -107 -59 Capital expenditure -129 -261 -150 Change in working capital requirement +20 +62 +18 Free cash

  18. Slide 18: Balance Sheet: EBITDA, Net Debt, Equity, ROCE

    First-Half 2013 Results BALANCE SHEET EBITDA NET DEBT NET DEBT/EBITDA 500 400 +11% 400 464 1 As points 300 375 0.9 In €m In €m 200 264 293 200 0,5 0.6 100 0 0 0 H1 2012 H1 2013 H1 2012 H1 2013 H1 2012 H1 2013 EQUITY NET-DEBT-TO-EQUITY ROCE 800 4.0% 864 600 778 50% 60% 30.7% In €m As % As % 400 27.3%

  19. Slide 19: Overview

    First-Half 2013 Results OVERVIEW First-Half 2013 Highlights First-Half 2013 Results Outlook 24 July 2013 19

  20. Slide 20: Continuing to Outperform: H2 2013 Automobile Production

    First-Half 2013 Results CONTINUING TO OUTPERFORM H2 2013: 39.9 million vehicles H2 2012: 38.9 million vehicles Automobile production in H2 2013: +2.6% Western Europe Asia (Excl. China) North America and Rest of world 14 14 14 0% 12 12 12 +5% 10 10 10 11.4 11.4 In millions In millions -2% In millions

  21. Slide 21: 49 Automotive Program Launches in Second-Half 2013

    First-Half 2013 Results 49 AUTOMOTIVE PROGRAM LAUNCHES IN SECOND-HALF 2013 Eastern Europe 8 launches Incl.: Logan North America 4 launches Western Europe Macan Asia Incl.: X5 17 launches 17 launches Yeti Incl.: Discovery X1 Full electric Incl.: Chevrolet Suburban Mini Citroën Elysée Golf 308, 5008 P

  22. Slide 22: 2013 Outlook

    First-Half 2013 Results CONCLUSION 2013 OUTLOOK • New outperformance in a market that is trending more favorably in the second half • Strengthening capital spending and innovation projects to drive faster growth • Ongoing rationalization of Automotive costs • Restructuring plan in the Environment Di

  23. Slide 23: First-Half 2013 Results

    LEVALLOIS, 24 JULY 2013 First-Half 2013 Results Laurent Burelle Chairman and Chief Executive Officer Paul Henry Lemarié Director, Chief Operating Officer Jean-Michel Szczerba Director, Chief Operating Officer

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