Slide 1: 2016 Half-Year Results
2016 Half-Year Results Levallois, July 27th, 2016
Slide 2: H1 2016 Highlights
H1 2016 Highlights
Slide 3: A strong H1
A strong H1 3 ECONOMIC SALES CONSOLIDATED SALES (in €bn) +8.0% 3.2 (in €bn) +7.5% 2.7 +11.0% +10.4% 2.9 at constant exchange rate 2.5 at constant exchange rate H1 2015 H1 2016 H1 2015 H1 2016 OPERATING MARGIN NET PROFIT, GROUP SHARE (in €m) (in €m) +12.7% +9.5% 237 267 155 142 10.1% 5.8% 9.6% 5.7% H
Slide 4: A strong H1
A strong H1 4 EBITDA CAPEX (in €m) (in €m) +10.5% 164 174 383 347 6.5% 14.4% 6.6% 14.0% H1 2015 H1 2016 H1 2015 H1 2016 FREE CASH FLOW NET DEBT (in €m) (in €m) 107 354 -€91m 92 263 4.3% 3.4% H1 2015 H1 2016 H1 2015 H1 2016 CONFIDENTIAL COMPAGNIE PLASTIC OMNIUM
Slide 5: A significant outperformance of the automotive production
A significant outperformance of the automotive production 5 Auto production H1 2015: 43.5 million of vehicles +2.2% H1 2016: 44.4 million of vehicles Outperformance: +9.7 pts Plastic Omnium Auto sales +11.9% at constant exchange rate CONFIDENTIAL Source: IHS July 2016 COMPAGNIE PLASTIC OMNIUM
Slide 6: H1 2016: successful launches with innovative products
H1 2016 : 88 successful launches with 15 in innovative products 6 North/South America Europe Asia 18 launches 33 launches 37 launches CONFIDENTIAL COMPAGNIE PLASTIC OMNIUM
Slide 7: Strong operational performance
Strong operational performance 7 PLANT LOADING PRODUCTION & OVERHEAD COST Tf2 In % 84% +1pt 85% -0.9pt 4.65 -31% 30.3 29.4 3.22 HIGH TIGHT INDUSTRIAL PRODUCTION LEVEL COST CONTROL EXCELLENCE H1 2015 H1 2016 H1 2015 H1 2016 H1 2015 H1 2016 100% = 3 shifts x 5 days a week Frequency rate = number of lo
Slide 8: New capacities to seize the growth
New capacities to seize the growth 8 2 new plants in H1 2016 At the end of June 2016: SOP January SOP June Mexico United San Jose Chiapa Kingdom 122 plants Warrington Front-end Bumpers in 25 countries modules CONFIDENTIAL COMPAGNIE PLASTIC OMNIUM
Slide 9: H1 highlights: Corporate finance
H1 highlights 9 CORPORATE FINANCE Free Float Burelle SA January 1st 39.11% 57.01% March 21st Jean-Michel Szczerba Share capital reduction appointed Co-CEO of of 0.72% Plastic Omnium Employees 1.07% Treasury shares April 15th 2.81% 70th anniversary of Plastic Omnium June 17th Schuldschein private pla
Slide 10: H1 highlights: Auto show awards
H1 highlights 10 AUTO SHOW AWARDS January February 26th Exhibition at the North Toyota’s highest supplier award American International Auto (“Global Contribution Award”) Show in Detroit received April/May May 24th Exhibition at the Beijing 5 “Best Plant” awards received from International Automotive
Slide 11: H1 highlights: Innovation – emission reduction
H1 highlights 11 INNOVATION – EMISSION REDUCTION Exterior parts Fuel Systems First fuel system for plug-in 2nd order for a new structure hybrid vehicles to be launched part of carbon fiber composite in Korea for a Hyundai vehicle (first delivery in 2017) 7 additional models for 3 Order for all exter
Slide 12: H1 highlights: Environment
H1 highlights 12 ENVIRONMENT Contracts May Exhibition at IFAT, the world's • Recycling banks for voluntary waste leading trade fair for water, sorting in Lyon (France) sewage, waste and raw materials management, in Munich • Wheeled containers in Oslo (Norway) Presentation of the new underground cont
Slide 13: 2016 Half-Year Results
2016 Half-Year Results
Slide 14: H1 2016 sales by business
H1 2016 sales by business 14 ∆ ∆ at constant In €m H1 2015 % sales H1 2016 % sales perimeter & in % exchange rate Automotive 2,753.0 93% 2,992.8 94% +8.7% +11.9% Environment 192.3 7% 186.7 6% -2.9% -2.1% Economic sales 2,945.3 100% 3,179.5 100% +8.0% +11.0% Joint-ventures 471.0 519.5 +10.3% +14.3% C
Slide 15: H1 2016 performance per region vs auto production
H1 2016 performance per region vs auto production 15 NORTH AMERICA EUROPE & AFRICA ASIA (excl. CHINA) Auto production +2.7% Auto production +5.3% Auto production -1.5% 2.4 PO sales * +4.1% PO sales * +15.9% PO sales * +8.7% 1.4 Outperformance +1.4pt Outperformance +10.6pt Outperformance +10.2pt SOUT
Slide 16: H1 2016 economic sales per region
H1 2016 economic sales per region 16 9% 8% China Asia (excluding China) 2% South America 55% Europe & Africa 26% North America CONFIDENTIAL COMPAGNIE PLASTIC OMNIUM
Slide 17: H1 2016 Auto economic sales by customer
H1 2016 Auto economic sales by customer 17 19% 3% 31% Others German French VW: 10% PSA: 12% BMW: 9% Renault: 7% Daimler: 4% Audi: 3% Porsche: 2% Skoda: 2% Opel: 1% Seat: 1% 20% Asian JLR-Tata: 7% 27% HMC: 5% American Nissan: 3% Toyota: 2% GM: 14% Volvo-Geely: 1% Ford: 7% Others: 2% FCA: 5% CONFIDENT
Slide 18: H1 2016 Profitability by division
H1 2016 Profitability by division 18 ∆ In €m H1 2015 % sales H1 2016 % sales in % Consolidated sales 2,474.3 100% 2,660.0 100% +7.5% Automotive 2,282.0 92% 2,473.4 93% +8.4% Environment 192.3 8% 186.7 7% -2.9% EBITDA 346.9 14.0% 383.3 14.4% +10.5% Automotive 328.6 14.4% 363.8 14.7% +10.7% Environmen
Slide 19: H1 2016 Profit & Loss account
H1 2016 Profit & Loss account 19 In €m H1 2015 H1 2016 ∆ in % Consolidated sales 2,474.3 2,660.0 +7.5% Operating margin 237.3 267.4 +12.7% In % of sales 9.6% 10.1% Other operating expenses -24.3 -33.2 Financial expenses -26.5 -31.4 In % of sales -1.1% -1.2% Income Tax -41.9 -44.3 Net Result 144.6 15
Slide 20: H1 2016 Cash Flow statement
H1 2016 Cash Flow statement 20 In €m H1 2015 H1 2016 Sales 2,474 2,660 Net Debt (beginning of the period) -390 -354 Net Operating Cash Flow 321 347 in % of sales 13.0% 13.1% Taxes & Net Financial Interest paid -61 -77 Capex and R&D capitalized -164 -174 in % of sales 6.6% 6.5% Change in WCR +10 -5 F
Slide 21: H1 2016 key financial metrics
H1 2016 key financial metrics 21 EBITDA NET DEBT NET DEBT/EBITDA (in m€ and % of sales) (in m€) 354 0.5 383 347 268 263 0.4 0.4 14.4% 14.0% 7.3% 6.4% H1 2015 H1 2016 H1 2015 2015 H1 2016 H1 2015 2015 H1 2016 SHAREHOLDER’S GEARING ROCE EQUITY (in m€) 1,345 1,193 1,301 31.1% 30% 27.8% 29.9% 21% 20% 7.
Slide 22: Compagnie Plastic Omnium
CONFIDENTIAL COMPAGNIE PLASTIC OMNIUM
Slide 23: H2 2016 auto production: +3.4%
H2 2016 auto production: +3.4% 23 NORTH AMERICA EUROPE & AFRICA ASIA (excl. CHINA) xx% +3.2% 10.8 +3.6% 11.1 10.7 -0.2% 10.7 8.2 8.4 du CA H2 2015 H2 2016 H2 2015 H2 2016 H2 2015 H2 2016 SOUTH AMERICA CHINA +7.5% 11.6 12.4 -5.5% 1.4 1.3 H2 2015 H2 2016 H2 2015 H2 2016 CONFIDENTIAL Source: IHS July 2
Slide 24: H2 2016: new launches with innovative products
H2 2016 : 71 new launches with 12 in innovative products 24 North/South America Europe/Africa Asia 10 launches 22 launches 39 launches CONFIDENTIAL COMPAGNIE PLASTIC OMNIUM
Slide 25: New capacities under construction in growing markets
New capacities under construction in growing markets 25 4 plants under construction 2016 2017 2018 Mexico China, India, Mexico, Leon San Luis Potosi Chongqing Hansalpur Fuel systems Fuel systems Bumpers Fuel systems CONFIDENTIAL COMPAGNIE PLASTIC OMNIUM
Slide 26: Acquisition of Faurecia Auto Exterior
Acquisition of Faurecia Auto Exterior 26 July 11, 2016: Authorization from the European Commission to acquire the Faurecia Auto Exterior business with the obligation to sell all French sites, a Spanish site for the bumper business and the German front-end modules business. July 29, 2016: closing SCO
Slide 27: Acquisition of Faurecia Auto Exterior
Acquisition of Faurecia Auto Exterior 27 Germany Belgium 5 1 Slovakia 2 USA 1 Brazil Spain 1 3 Argentina 1 5,500 people x Number of industrial sites in each country 14 plants 1 R&D center in Germany (300 people) CONFIDENTIAL COMPAGNIE PLASTIC OMNIUM
Slide 28: Acquisition of Faurecia Auto Exterior: sales by customer
Acquisition of Faurecia Auto Exterior 28 SALES BY CUSTOMER Others Seat BMW 4% 4% 2% General Motors 4% PSA Audi 23% 4% 50% of this revenue comes Fiat Chrysler from new clients Automobiles 8% Daimler 40% of this revenue comes 15% from premium clients Volkswagen 22% Ford 14% Estimated 2016 sales CONFID
Slide 29: Acquisition of Faurecia Auto Exterior: financial outlook
Acquisition of Faurecia Auto Exterior 29 FINANCIAL OUTLOOK Contribution of Faurecia Auto Exterior to the group’s operating margin 2019 +€70m €120m of synergies Proforma 2016 €50m 2016 2019 Implementation of PO’s industrial standards and processes: +€100m additional Capex (from 3% of sales to 6%) CON
Slide 30: Plastic Omnium of tomorrow
Plastic Omnium of tomorrow 30 • A world’s leading tier-one supplier of the automotive industry, with 15% market share in bumpers and 21% in fuel systems • €7.5bn proforma 2016 sales • 32,000 employees, 136 plants and 22 R&D centers • #28 in global OEM supplier ranking • Reinforced capacity for growt
Slide 31: 2016 Half-Year Results
2016 Half-Year Results Levallois, July 27th, 2016