Slide 1: FY 2024 Results
FY 2024 RESULTS Laurent FAVRE Chief Executive Officer Félicie BURELLE Managing Director Stéphanie LAVAL VP Investor Relations February 20, 2025 FY 2024 RESULTS4
Slide 2: Executive Summary
EXECUTIVE SUMMARY Laurent FAVRE , Chief Executive Officer FY 2024 RESULTS4
Slide 3: Executive summary: FY 2024 highlights
Executive summary Revenue growth +2.8%* Significant improvement Outperforming the market of key financial metrics +4.0pts** in a decreasing market FY 2024 highlights Strategy roll-out focused on On track to reach diversification and carbon neutrality on resilient business model + scopes 1 & 2 by 202
Slide 4: Solid performance on key financial metrics
Solid performance on key financial metrics Net result Outperform Operating Free Cash Group automotive margin Flow share production > 2023 > 2023 > 2023 -- -- -- -- +4.0pts +11.4% +4.2% +8.3% 2024 targets achieved February 20, 2025 FY 2024 RESULTS4 4
Slide 5: Strong track record of growth
Strong track record of growth In €m Revenue In €m Operating margin +23% +21% 11,399 11,647 in 2 years 440 in 2 years 395 9,477 364 2022 2023 2024 2022 2023 2024 In €m Net result Group share In €m Free Cash Flow Consistent Solid FCF Net Result 246 243 227 generation 168 163 170 2022 2023 2024 2022 20
Slide 6: Growing faster than the market
Growing faster than 2024 MARKET HIGHLIGHTS the market Decreasing worldwide 12000 11.7 100 automotive production 95 11000 +51% OPmobility’s +21% Slowdown in BEV sales revenue 90 10000 Automotive in Europe 86.8 production 85 9000 High inventories in Europe and 80 North America 8000 7.7 75 revenue (€bn
Slide 7: Solid outperformance of +4.0pts in 2024
Solid outperformance of +4.0pts in 2024 OPmobility’s economic revenue in 2024 vs. 2023 and performance vs. automotive production ** 29% 50% 17% NORTH ASIA of of of AMERICA revenue EUROPE revenue revenue 1st country in Group’s +7.8%* +0.0%* +1.2%* revenue -2.6%** -4.9%** +0.5%** +10.4pts** +4.9pts**
Slide 8: 159 flawless launches in 2024
159 flawless launches in 2024 Europe / Africa Americas Asia 66 launches 31 launches 62 launches Renault R5 Chevrolet, GMC, Mahindra Exterior Buick, Cadillac Thar Roxx C-Power Exterior Mercedes CLA Major US KG Mobility Exterior EV player Actyon Modules Modules Dacia Sandero Ford Explorer BYD Han & Lo
Slide 9: 4 complementary business groups offering a wide range of solutions
4 complementary business groups offering a wide range of solutions 28 Countries 38,900 People 150 Plants 40 R&D Centers Exterior & Lighting Modules Powertrain Exterior & Lighting Modules C-Power H2-Power Exterior parts Modules & cockpits Fuel systems Hydrogen and lighting solutions Design and assemb
Slide 10: 2024 Financial Results
2024 FINANCIAL RESULTS Stéphanie LAVAL, VP Investor Relations FY 2024 RESULTS4
Slide 11: Revenue up +2.0% LFL in 2024
Revenue up +2.0% LFL in 2024 +1.6% Exterior & Lighting: -2.1%* vs. 2023 +2.0%* • Exterior: high level of order booked in previous years In €m +328 10,484 • Lighting: decline in sales as expected, with a -15 significant order intake of c. €3bn in just two years 10,314 10,273 Modules: +12.0%* vs. 2023
Slide 12: Strong improvement of the operating margin to 4.2% of revenue
Strong improvement of the operating margin to 4.2% of revenue Operating margin rate +0.4pts Operating margin at €440m in 2024, up +11.4% while revenue up +2.0% in a declining market 4.2% 3.8% Increase in operating margin rate, up +0.4pts at 4.2% thanks to strict cost control 5.3% Exterior & 5.0%
Slide 13: Increase in net result Group share at €170m
Increase in net result Group share at €170m OPERATING MARGIN In €m 2023 2024 Strong growth in operating margin +€45m, offsetting higher financial expenses and non-recurring costs Operating margin 395 440 NON-RECURRING ITEMS In % of revenue 3.8% 4.2% Stable vs. 2023 Other operating Including re
Slide 14: Another year of strong FCF generation
Another year of strong FCF generation In €m FREE CASH FLOW FCF €246m FCF up +8.3% vs. 2023, representing 2.3% 1,540 1,577 of revenue, up +0.1pts vs. 2023 283 Excluding the impact of +€54m of real estate +42 disposals in 2023, FCF up +€73m vs. 2023 711 508 CAPEX Controlled CAPEX increase Repr
Slide 15: Sound financial structure
Sound financial structure In €m NET DEBT AND LEVERAGE In €bn 2.3 LIQUIDITY 2.4 1,669 1,540 1,577 Undrawn 1.8 & confirmed 1.9 1.9x 1.7x 1.7x credit lines 0.5 Available cash 0.5 31 Dec. 2022 31 Dec. 2023 31 Dec. 2024 31 Dec. 2023 31 Dec. 2024 In €m BOND ISSUE PER MATURITY 630 BB+ credit rating (S&P)
Slide 16: Sustainability
SUSTAINABILITY Félicie BURELLE, Managing Director FY 2024 RESULTS4
Slide 17: Key achievements in 2024
Key achievements in 2024 • Launch of ACT FOR ALL Climate School • 200 Sustainability Ambassadors Initiatives to support our sustainability objectives ESG initiatives 82 C+ A awarded /100 for the 2nd year in a row Among the leaders in its industry SCOPES 1 & 2 (emissions from operations and energy co
Slide 18: Roll-out of the carbon neutrality roadmap
Roll-out of the carbon neutrality roadmap SCOPES 1 & 2 NEUTRALITY in 2025* SCOPE 3 REDUCE REPLACE Emissions from upstream energy consumption by renewable energy and downstream activities 35 sites equipped with solar panels and wind turbine ACHIEVEMENT -35%** 2024 vs. 2019 Improvement of energy Agree
Slide 19: Care for our employees
Care for our employees YOUTH DIVERSITY 2024 SAFETY* 2023 2024 2023 2024 50% 25% 31% 0.87 0.56 1,233 1,288 Women in the Women among Managers Women in the FR2* Apprentices, Board of Directors & Engineers Group’s workforce VIE, trainees 2025 TARGET 2025 TARGET 2030 TARGET 30% 30% 0.5 1,300 Target achie
Slide 20: Business and Strategic Highlights
BUSINESS AND STRATEGIC HIGHLIGHTS Laurent FAVRE, Chief Executive Officer Félicie BURELLE, Managing Director FY 2024 RESULTS4
Slide 21: Our key strategic pillars to address mobility evolution
Our key strategic pillars to address mobility evolution Enhancing technological Expanding our position in leadership North America and Asia Diversifying customer portfolio notably with new players February 20, 2025 FY 2024 RESULTS4 21
Slide 22: Innovation for the next generation of mobility
Innovation for the next generation of mobility MIT Symposium Partnerships CES 2025 Exploring the future of AI in mobility 3D Deep-Learning, AI quality control "All-in-one" offer unveiled: One4you TECHNOLOGICAL DIVERSIFICATION system, automation of engineering Predictive analytics for optimizing More
Slide 23: Technological diversification: full range of solutions
Well positioned to offer a full range of solutions 77 % of revenue Competitive advantage to address TECHNOLOGICAL DIVERSIFICATION agnostic to powertrain in 2024 the market transformation: Powertrain 23% Adapting to different market Modules 47% trends by region Exterior & 30% Lighting Independent to
Slide 24: Providing fully integrated exterior solutions
Providing fully integrated exterior solutions 2025 OBJECTIVE TECHNOLOGICAL DIVERSIFICATION Significant Level 3 order intake Extended Exterior Solutions Combining the expertise of Exterior & Lighting, Modules and OP’nSoft to improve synergies Level 2 Augmented Modules Unique tailor-made technological
Slide 25: Developing solutions for all powertrains
Developing solutions for all powertrains MARKET OUR STRENGTHS TECHNOLOGICAL DIVERSIFICATION • Regional disparities of powertrain • #1 worldwide in fuel systems with a market share of 22% evolution • Full range of powertrain solutions • Consolidation of fuel systems market • Increasing demand for hyb
Slide 26: Towards a more balanced geographical activity
Towards a more balanced geographical activity … being reinforced with 2024 order book! GEOGRAPHICAL DIVERSIFICATION Positive trend since 2020… OPmobility’s economic revenue 1/3 2/3 2020 2024 54% 46% 50% 50% EUROPE NORTH ASIA AMERICA Europe North America & Asia February 20, 2025 FY 2024 RESULTS4 26
Slide 27: Maintaining our leadership in EMEA
Maintaining our leadership in EMEA 7000 MARKET HIGHLIGHTS 6000 +24%** 27 OPmobility’s 5000 revenue • Limited growth for automotive production revenue 4000 GEOGRAPHICAL DIVERSIFICATION (€bn) 22 • BEV adoption more progressive 3000 than expected 2000 -17% 17 Automotive 1000 Automotive production • ICE
Slide 28: Expanding in North America
Expanding in North America Automotive production by powertrain* North America MARKET HIGHLIGHTS 13.8m 14.9m • ICE remaining important: 10% 33% GEOGRAPHICAL DIVERSIFICATION BEV 21% >30% in 2030* Hybrid 36% • High demand for hybrid vehicles: 69% +84% by 2030* ICE 31% 2025 2030 OUR AMBITION EXTERIOR &
Slide 29: Intensifying our portfolio diversification in China
Intensifying our portfolio diversification in China footprint MARKET HIGHLIGHTS • Overcapacity and intense domestic GEOGRAPHICAL DIVERSIFICATION competition 37 Exterior • Exponential demand for new energy (YFPO) vehicles: +50% by 2030* 25 OUR AMBITION EXTERIOR & LIGHTING MODULES POWERTRAIN • Leverag
Slide 30: Accelerating in the rest of Asia
Accelerating in the rest of Asia footprint MARKET HIGHLIGHTS 16 5 South Korea • Automotive production in Asia excl. China: 1 GEOGRAPHICAL DIVERSIFICATION +9% by 2030* 4 1 Japan India Thailand • Potential regulatory change from steel to plastic fuel tanks 1 4 Indonesia Malaysia OUR AMBITION EXTERIOR
Slide 31: Partnering with strategic players
Partnering with strategic players Capitalizing on historical … and increasing OEMs… exposure to new players CUSTOMER DIVERSIFICATION Major EV player Tailgates Modules & Tailgates Modules Fuel tanks Major EV player Bumpers Bumpers Our top 10 customers in 2024 February 20, 2025 FY 2024 RESULTS4 31
Slide 32: Expanding to heavy and rail mobility
Expanding to heavy and rail mobility Key awards in 2024 Offering a complete range of technological solutions CUSTOMER DIVERSIFICATION H2-Power e-Power High pressure Integrated vessels & Fuel cell hydrogen Battery systems systems stacks systems & electronics Adapting to order intake delays from
Slide 33: Outlook and Conclusion
OUTLOOK AND CONCLUSION Laurent FAVRE, Chief Executive Officer FY 2024 RESULTS4
Slide 34: Consistent return to shareholders
Consistent return to shareholders High return to shareholders highlighting Strong track record of dividend distribution solid financial results In € per share 0.74 0.67 +54% €0.60 0.60* * €0.39 0.49 0.49 0.49 per share per share 0.41 0.39 0.39 2023 0.37 34.5% payout 2024 50.8% payout 0.28 • An inter
Slide 35: 2025 outlook
2025 outlook Volatile automotive market OPmobility 2025 ambitions (m vehicles) 86.8 86.8 Accelerate its strategy of technological, North Production* -1.4% America geographical, and customer diversification expected stable -4.2% Europe with strong +0.8% Continue to adapt its industrial capaciti
Slide 36: Conclusion
Conclusion Solid growth and market outperformance in a challenging environment 2024 key financial metrics exceed 2023 highlighting our resilient business model Driving success by accelerating our diversification strategy as a key player of mobility transformation On track to reach carbon neu
Slide 37: Questions & Answers
QUESTIONS & ANSWERS FY 2024 RESULTS4
Slide 38: www.opmobility.com
www.opmobility.com FY 2024 RESULTS4
Slide 39: Disclaimer
Disclaimer The information contained in this document (the “Information”) has been prepared by OPmobility SE (the “Company”) solely for informational purposes. The Information is proprietary to the Company. The content of this document may not be directly or indirectly, in whole or in part, reproduc
Slide 40: FY 2024 Cash flow statement
FY 2024 Cash flow statement In €m 2023 2024 Operating margin 395 440 EBITDA 900 929 Gross Cash Flow 649 711 In % of revenue 6.3% 6.8% Capex and development -482 -508 In % of revenue 4.7% 4.8% Change in WCR +61 +42 Free Cash Flow 227 246 Dividends -60 -95 Treasury shares -3 -10 IFRS 16 -91 -91 Acquis