Opmobility · EURONEXT:OPM
Opmobility — Q1 2024 Earnings Presentation
16 slides from Opmobility's earnings presentation, Apr 23, 2024
Slide 1: Q1 2024 Revenue
Q1 2024 REVENUE Laurent FAVRE CHIEF EXECUTIVE OFFICER Stéphanie LAVAL VP INVESTOR RELATIONS April 23, 2024 Q1 2024 REVENUE 2024
Slide 2: Executive summary
Executive summary Strong performance in a flat market Solid revenue Strong outperformance +3.6% +4.5 pts of organic growth vs. market* Q1 2024 Main achievements United States Plastic Omnium is now 1st country in Group’s revenue OPmobility April 23, 2024 Q1 2024 REVENUE 2024 * Source: S&P Global Mobi
Slide 3: Plastic Omnium is now OPmobility
Plastic Omnium is now OPmobility Always on the move Acceleration of its strategic transformation as a leading player in sustainable and connected mobility The new name is an affirmation of its fundamental principles: An agile industrial Group Close to its customers Taking bold technological choices
Slide 4: New names for business groups
New names for business groups In line with the new segment information EXTERIOR SYSTEMS MODULES POWERTRAIN EXTERIOR LIGHTING MODULES C-POWER H2-POWER Incl. e-Power Formerly Formerly Formerly Intelligent Exterior Clean Energy New Energies Systems Systems April 23, 2024 Q1 2024 REVENUE 2024 4
Slide 5: Economic revenue up +3.6% LFL
Economic revenue up +3.6% LFL Exterior Systems: +3.8% (+5.5% LFL*) +1.6% • Solid performance of Exterior thanks to high level of +3.6% order intake in recent years • Expected drop in Lighting, in line with the Group In €m +19 2,867 +72 +9 forecasts due to lower order intake pre-acquisition 2,822 2,7
Slide 6: Outperforming the market by +4.5 pts
Outperforming the market by +4.5 pts Q1 2024 vs. Q1 2023 TOTAL EUROPE NORTH AMERICA ASIA (EXCL. CHINA) CHINA % of OPmobility Q1 2024 revenue 100% 50% 29% 8% 7% Automotive -0.9% -3.1% +0.7% -6.6% +5.5% production* OPmobility LFL** +3.6% -1.9% +15.5% +7.9% -11.5% Performance +4.5pts +1.2pt +14.8pts +1
Slide 7: Q1 2024 main launches
Q1 2024 main launches Commercial successes delivering profitable growth Opel Combo, Fiat Doblo, Honda Prologue Peugeot Partner Bumpers Bumpers Toyota Prado Skoda Octavia Emission control systems Front end modules BMW Mini Chevy Traverse Front end modules Fuel systems April 23, 2024 Q1 2024 REVENUE 2
Slide 8: OPmobility strengthens its leading position
OPmobility strengthens its leading position The Group continues to develop its industrial capacities China H2-Power New plant with up to 60,000 high-pressure United States hydrogen vessels to be Modules produced annually for the Chinese commercial New module vehicle market assembly plant in Austin (
Slide 9: OPmobility inaugurates its first plant in Texas
OPmobility inaugurates its first plant in Texas New module assembly plant in Austin to address an historic order from a key US player in electric mobility Annual capacity of 2.5 million modules Over 400 people by 2025 Built in only a few months Expected to be the Group’s largest plant by rev
Slide 10: Successful €500m bond issuance
Successful €500m bond issuance Extending the average maturity of the Group’s debt €500m Bond issue Credit Rating BB+ Bond issuance per maturity Stable outlook 630 Due March 2029 500 395 To diversify financing Coupon of 4.875% 175 sources and manage 2024 2025 2026 2027 2028 2029 debt maturities As of
Slide 11: Sustainability is key for OPmobility
Sustainability is key for OPmobility Driven by the strong commitment of our 40,300 employees Award, for the first time, of the highest CDP rating “A” Among the world's best-performing companies, out of more than 21,000 evaluated Launch of the OPmobility Climate school Innovative training to un
Slide 12: Outlook
Outlook Automotive production* Confirmed 2024 outlook -0.3% 87.7 87.4 Outperformance of the automotive production* Improvement of all financial aggregates vs. 2023 - Operating margin - Net income, Group share - Free cash flow - Net Debt FY 2023 FY 2024 in millions of vehicles April 23, 2024 Q1 2
Slide 13: Conclusion
Conclusion • Solid start of the year with an outperformance of the automotive market • Strong momentum in North America with the United States as the 1st contributor to Group’s revenue • The new brand OPmobility marks a major milestone in the Group's history • 2024 outlook confirmed April 23, 2024 Q
Slide 14: Questions & answers
Questions & answers t t ht h
Slide 15: www.opmobility.com
www.opmobility.com Q1 2024 REVENUE 2024
Slide 16: Disclaimer
Disclaimer The information contained in this document (the “Information”) has been prepared by OPmobility (the “Company”) solely for informational purposes. The Information is proprietary to the Company. This presentation and its contents may not be reproduced or distributed or published, directly o