Opmobility · EURONEXT:OPM
Opmobility — Plastic Omnium — Q3 2022 Earnings Presentation
22 slides from Opmobility's earnings presentation, Oct 25, 2022
Slide 1: Q3 Revenue, October 25, 2022
2022 Q3 REVENUE OCTOBER 25, 2022 KATHLEEN WANTZ-O’ROURKE GROUP CFO & CIO 2022 Q3 RESULTS – OCTOBER 25, 2022 1
Slide 2: Q3 2022 Business Highlights
Q3 2022 Business Highlights DYNAMIC DOUBLE-DIGIT order intake & starts of production Q3 2022 GROWTH Executive sales Business despite a challenging backdrop with increasing inflation Highlights in a Challenging Market CONFIRMED REALIZATION financial guidances* of external growth strategy in Lighting,
Slide 3: Resilience in a disruptive context
Resilience in a disruptive context Continued chip shortages, Differentiated impacts Growing worldwide covid impact and production on automotive production(1) inflation stoppages per region Automotive production(1) 9M 2022 vs. 9M 2021 (in M vehicles) Automotive production(1) PO eco (in M vehicles) Sa
Slide 4: Q3 2022 Highlights
Q3 2022 HIGHLIGHTS ACCELERATING OUR TRANSFORMATION TO DRIVE A NEW GENERATION OF MOBILITY 2022 Q3 RESULTS – OCTOBER 25, 2022 4
Slide 5: Closing of acquisitions in Q3 2022 in Lighting & Electrification
Closing of 3 acquisitions in Q3 2022 in Lighting & Electrification Electrification Lighting Power (VLS) Strong expertise An innovation A recognized in heavy mobility leader lighting player ~€22M 200 ~€148M 770 ~€0.8bn 6,500 EV at EV at EV at €52.5M revenues employees €65M revenues employees €520M re
Slide 6: Mid-single digit profitability in 24-36 months
Mid-single digit profitability in 24-36 months (Lighting and Electrification) A well-defined toolbox to drive value creation in build phase Accretion through commercial, technical Lighting Operating Margin & operational initiatives • Formation of dedicated PMI team • Commercial and technical Power •
Slide 7: Order book: many successes across divisions
Order book: many successes across divisions Ford F-150 Ice Toyota Hilux Lucid Gravity Audi Q9 Peugeot 208 Fuel Systems SCR Systems Fascias / Front & Rear Tailgate/ Front-End module Rear Bumper (USA) (Argentina) Bumpers / Rockers / / Front-End Carrier (Spain) Contract secured until the Wheel Arch (Sl
Slide 8: Growth: launches in Q3 2022
Growth: launches in Q3 2022 BMW X7 Porsche Cayenne Chevrolet Blazer Shanghai-GM LYRIQ EV Front-Rear Bumper / Front-Rear Bumper / Roof Front-Rear Bumper Front-Rear Bumper / Front Rocker Panel / Spoiler (Mexico) Bumper Grille / Tailgate Wheel Arch (Slovakia) (China) (USA) 29 SOP’s Q3 2022 100% EV play
Slide 9: New Energies: significant steps towards achieving 2025 targets
New Energies: significant steps towards achieving 2025 targets Light commercial vehicles Range Pick-up trucks Buses High Pressure Systems Vessels High Pressure Systems & Fuel Cells Systems Construction of Europe’s largest hydrogen vessels factory in Compiègne (France) ● Production capacity of 80,000
Slide 10: Signing of acquisition of final third of HBPO
Signing of acquisition of final third #1 of HBPO 1 worldwide • Strong R&D (safety, aerodynamic management) 18% market share • Supply chain management >6m • Operational excellence for complex modules modules/year • Proximity with strategic global OEMs 31 plants in 11 countries • Speed and agility 3,0
Slide 11: ESG Roadmap: Focus on energy savings
ESG Roadmap: Focus on energy savings Audits to identify close to 100 actions to reduce energy consumption Continuous deployment of on-site renewable energy solutions 7 new sites equipped with Energy Management System to continuously monitor energy consumption of all our assets Global instruction to
Slide 12: An ambitious carbon neutrality roadmap
An ambitious carbon neutrality roadmap SCOPES 1 & 2: SCOPE 3: neutral in 2025 -30% in 2030 Reduce Replace Compensate Collaborate 12% reduction Use Carbon Action in energy of renewable offset plan with consumption energy projects stakeholders SCOPES 1-2-3: neutral in 2050 • Recycled materials transve
Slide 13: Q3 2022 Financial Results
Q3 2022 FINANCIAL RESULTS 2022 Q3 RESULTS – OCTOBER 25, 2022 13
Slide 14: 9M growth and outperformance in key geographies of the Group
9M growth and outperformance in key geographies of the Group ASIA EUROPE NORTH AMERICA CHINA (EXCL. CHINA) % of eco sales1 48% 29% 12% 8% Auto production2 -2.7% +10.5% +14.3% +8.0% PO Sales3 +0.7% +14.1% +5.9% +21.8% Performance +3.4pts +3.6pts -8.4pts +13.8pts o/w Parts & SILS* +6.1pts +4.7pts -7.6
Slide 15: Q3 sales per business
Q3 sales per business Double-digit growth as reported and on a LFL basis across all divisions Including €44m of revenues from the acquisition of AMLS Osram and Actia Power In €m ∆ ∆ ∆ ∆ Per business Q3 2021 Q3 2022 9M 2021 9M 2022 in % LFL in % LFL (incl. Acquisitions) Plastic Omnium Industries 1,33
Slide 16: Estimated impact of acquisitions
Estimated impact of acquisitions In €m June – December 2022 Impact Per business On Sales ~€+300m On Free Cash-flow ~€-130m(1) Acquisition Date Enterprise Value AMLS Osram 1st July 2022 €65m Actia Power 1st August 2022 €52.5m Varroc Lighting Systems 7th October 2022 €520m HBPO (33.33%) Q4 2022(2) €29
Slide 17: Outlook
OUTLOOK 2022 Q3 RESULTS – OCTOBER 25, 2022 17
Slide 18: 2022 automotive production assumptions
2022 automotive production assumptions Automotive production(1) – S&P Global Mobility Forecasts (in million of vehicles) 79.2 PO 74.1 ASSUMPTIONS 2022 37.8 36.3 37.7 41.5 S&P February(2) 2022 – 5% 77M vehicles FY 2021 H1 2021 H2 2021 FY 2022 H1 2022 H2 2022 Outlook in-line with management assumption
Slide 19: Confirmed FY 2022 Financial Guidance
Confirmed FY 2022 Financial Guidance(1) ECONOMIC OPERATING FREE SALES MARGIN CASH-FLOW PO 5%-6% 260m Stand Alone Outperformance >€ of sales PO with acquisitions 4.0%-4.5% >€ 140m (2) of sales FEBRUARY 22ND, 2023 – FY 2022 Results (1) Like-for-like at constant scope 2022 Q3 RESULTS – OCTOBER 25, 2022
Slide 20: Disclaimer
Disclaimer This presentation contains certain forward-looking statements concerning Plastic Omnium. Such forward-looking statements represent trends or objectives and cannot be construed as constituting forecasts regarding the future Plastic Omnium’s results or any other performance indicator. In so
Slide 21: Appendices
APPENDICES 2022 Q3 RESULTS – OCTOBER 25, 2022 21
Slide 22: Contacts
Contacts [email protected] www.plasticomnium.com 2022 Q3 RESULTS – OCTOBER 25, 2022 22