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Opmobility — Plastic Omnium — H1 2012 Earnings Presentation

26 slides from Opmobility's earnings presentation, Jul 19, 2012

  1. Slide 1: First-Half 2012 Financial Results

    LEVALLOIS, JULY 19, 2012 First-Half 2012 Financial 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 2012 Financial Results OVERVIEW First-Half 2012 overview First-Half 2012 Financial Results 2012 Outlook July 19, 2012 2

  3. Slide 3: High Performance Confirmed

    First-Half 2012 Financial Results FIRST-HALF 2012 OVERVIEW HIGH PERFORMANCE CONFIRMED Revenue : €2,390m +18.4% Operating margin : €169m 7.1% EBITDA : €264m 11.1% Free Cash Flow : €73m 3.1% ROCE : 27% July 19, 2012 3

  4. Slide 4: Strong Revenue Growth

    First-Half 2012 Financial Results FIRST-HALF 2012 OVERVIEW STRONG REVENUE GROWTH in €m +18.4% 2,390 2,020 1,452 1,518 1,181 H1 2008 H1 2009 H1 2010 H1 2011 H1 2012 July 19, 2012 4

  5. Slide 5: Outperformance in All Regions

    First-Half 2012 Financial Results FIRST-HALF 2012 OVERVIEW H1 2012 : 40.3 millions of vehicles PO Automotive revenue: up 22% /Global automotive production up 9% H1 2011 : 37.0 millions of vehicles OUTPERFORMANCE IN ALL REGIONS +21% -6% +8% North America Europe China PO Revenue: +43% PO Revenue: +11%

  6. Slide 6: Continued International Expansion: Revenue by Region

    First-Half 2012 Financial Results FIRST-HALF 2012 OVERVIEW Revenue by region CONTINUED INTERNATIONAL EXPANSION 2,390 2,020 2000 56% 1,518 50% 1500 1,181 50% 1000 34% 500 50% 44% 66% 50% Western Europe 0 S1 2009 S1 2010 S1 2011 S1 2012 France Western Europe July 19, 2012 6 Eastern Europe North Americ

  7. Slide 7: Sustained Capital Spending in Fast-Growing Regions

    First-Half 2012 Financial Results FIRST-HALF 2012 OVERVIEW Number of automotive plants SUSTAINED CAPITAL SPENDING IN FAST-GROWING REGIONS 120 100 96 85 80 77 30 Total of 69 12 5 63 plants in 60 fast-growing 4 17 regions 15 40 11 7 16 20 20 15 13 0 2007 2010 2011 2012 France Western Europe July 19, 2

  8. Slide 8: Increased Investment in Research & Development

    First-Half 2012 Financial Results FIRST-HALF 2012 OVERVIEW INCREASED INVESTMENT IN RESEARCH &DANS SURPERFORMANCE DEVELOPMENT TOUTES LES REGIONS   Plastic Omnium Auto Exterior Plastic Omnium Auto Inergy Creation of the 1st Composites New worldwide Research & Development R&D Center at -Sigmatech (Fr

  9. Slide 9: Increased Investment in R&D: Plastic Omnium Environment

    First-Half 2012 Financial Results FIRST-HALF 2012 OVERVIEW INCREASED INVESTMENT IN RESEARCH &DANS SURPERFORMANCE DEVELOPMENT TOUTES LES REGIONS Plastic Omnium Environment  Market launch of the first bin made  Production start-up of the four-wheel from plant-based materials (non-food bin made entir

  10. Slide 10: A Very Eventful Year for Product Launches and Developments

    First-Half 2012 Financial Results FIRST-HALF 2012 OVERVIEW A VERY EVENTFUL YEAR FOR SURPERFORMANCE DANSAND PRODUCT LAUNCHES TOUTES LES REGIONS DEVELOPMENTS VEHICLES LAUNCHES 80 74 70 59 60 48 49 47 50 45 42 40 30 34 30 27 26 20 10 0 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Awards 2011 July

  11. Slide 11: 59 Launches in 2012

    First-Half 2012 Financial Results 59 LAUNCHES IN 2012 Major exterior components and fuel tanks launches EUROPE NORTH AMERICA Range Rover AMAROK Altima Fluence New Logan Clio Cadillac ATS/CTS Megane/Scenic Astra 5-doors FL Global Small SUV Astra 5W 208 FIAT 500 Abarth “Coeur gamme” REN Lodgy-Dokker A

  12. Slide 12: Major Contracts for Plastic Omnium Environment

    First-Half 2012 Financial Results FIRST-HALF 2012 OVERVIEW Major contracts for Plastic Omnium Environment SURPERFORMANCE DANS TOUTES A VERY EVENTFUL LES REGIONS YEAR FOR PRODUCT LAUNCHES AND DEVELOPMENTS Underground containers: Pay As You Throw (PAYT) system: Green Made bins: • Versailles (France )

  13. Slide 13: High Profitability

    First-Half 2012 Financial Results FIRST-HALF 2012 OVERVIEW HIGH PROFITABILITY SURPERFORMANCE DANS TOUTES LES REGIONS As a % of revenue 12% 11.2% 11.6% 10.9% 11.1% 10% 9.1% 8% 7.0% 7.0% 7.1% 8.1% 6% 4.2% 3.8% 4% 2% 2.6% 0% 2007 2008 2009 2010 2011 H1 2012 July 19, 2012 MOP Operating Margin EBITDA 13

  14. Slide 14: Overview

    First-Half 2012 Financial Results OVERVIEW First-Half 2012 overview First-Half 2012 Financial Results 2012 Outlook July 19, 2012 14

  15. Slide 15: Revenue by Business

    First-Half 2012 Financial Results REVENUE By business constant perimeter and in €m 06.30.2011 06.30.2012 Change exchange rates Plastic Omnium Automotive 1,776.6 2,161.5 +21.7% +1.3% As a % of revenue 88% 90% Plastic Omnium Environment 242.8 228.9 -5.7% +1.6% As a % of revenue 12% 10% Consolidated re

  16. Slide 16: Revenue by Region

    First-Half 2012 Financial Results REVENUE By region in €m 06.30.2011 06.30.2012 Change France 408.7 408.1 - 0.2% Western Europe (excl.France) 600.0 635.3 + 5.9% Eastern Europe 178.2 228.8 + 28.5% North America 450.5 644.6 + 43.1% Asia 279.8 362.2 + 29.4% South America, Africa 102.3 111.4 + 8.9% Cons

  17. Slide 17: Automotive Revenue by Customer

    First-Half 2012 Financial Results AUTOMOTIVE REVENUE 2007 Revenue: €2,250m Others By customer Asian 7% 12% French 30 June 2012 revenue: €2,161m 33% 18% Others American Asian Trucks 3% Others 3% 30% Hyundai 5% German Toyota 3% Tata 3% 17% 6% Nissan 2% Geely/Volvo 2% French 23% Others 2% PSA 14% Renau

  18. Slide 18: Statement of Income

    First-Half 2012 Financial Results STATEMENT OF INCOME % In €m 06.30.2011 revenue 06.30.2012 % CA Revenue 2,019.5 100% 2,390.4 100% Automotive 1,776.6 88% 2,161.5 90% Environment 242.8 12% 228.9 10% Gross margin 309.2 15.3% 345.9 14.5% Operating margin 150.4 7.4% 169.3 7.1% Automotive 142.4 8.0% 159.

  19. Slide 19: Statement of Income: Production Costs and Payroll

    First-Half 2012 Financial Results STATEMENT OF INCOME SURPERFORMANCE DANS TOUTES LES REGIONS Production costs and overheads of which Payroll As a % of revenue As a % of revenue 40 40 35 35 37.1 35.7 30 30 34.2 32.9 30.2 25 25 29.3 20 20 21.3 21.0 20.7 19.0 15 15 17.9 17.7 10 10 5 5 0 0 2007 2008 200

  20. Slide 20: Statement of Income

    First-Half 2012 Financial Results STATEMENT OF INCOME % in €m 06.30.2011 revenue 06.30.2012 %revenue Revenue 2,019.5 100% 2,390.4 100% Operating margin 150.4 7.4% 169.3 7.1% EBITDA 239.9 11.9% 264.2 11.1% Finance cost and other financial income and expense -17.7 -0.9% -22.0 -0.9% Other income and ex

  21. Slide 21: Balance Sheet

    First-Half 2012 Financial Results BALANCE SHEET in €m 06.30.2011 2011 06.30.2012 Debt at the beginning of the period -538 -538 -471 Funds from operations +212 +421 +244 Taxes and interest paid -49 -93 -62 Capital expenditure -83 -228 -129 Change in working capital requirement -4 +53 +20 Free cash fl

  22. Slide 22: Financial Strength

    First-Half 2012 Financial Results FINANCIAL STRENGTH EBITDA EQUITY NET DEBT 400 in €m in €m in €m 800 800 300 600 778 600 200 264 400 651 400 499 240 464 100 200 200 0 0 0 H1 2011 H1 2012 H1 2011 H1 2012 H1 2011 H1 2012 DEBT/EBITDA ROCE NET-DEBT-TO-EQUITY In points As a % As a % 100% 27.3% 1 26.1% 1

  23. Slide 23: Overview

    First-Half 2012 Financial Results OVERVIEW First-Half 2012 overview First-Half 2012 Financial Results 2012 Outlook July 19, 2012 23

  24. Slide 24: 2012 Outlook: Global Automotive Production

    First-Half 2012 Financial Results 2012 OUTLOOK Global automotive production at second-half 2012 WORLDWIDE (+1%) 38.3 37.9 36.1 in millions H2 2010 H2 2012 H2 2012 NAFTA (+6%) Europe (-6.7%) Asia (+7%) 11.6 11.6 12.4 9.5 3.4 3.3 3.6 Asia (excl. China) 7.0 9.1 6.6 8.9 in millions in millions in millio

  25. Slide 25: 2012 Outlook: Sustained Fundamentals

    First-Half 2012 Financial Results 2012 OUTLOOK SUSTAINED FUNDAMENTALS • Positive free cash flow in the second half • Continued market outperformance: • International expansion in North America and Asia • Faster deployment of new technologies • Vehicle weight reduction • Emissions control July 19, 20

  26. Slide 26: First-Half 2012 Financial Results

    LEVALLOIS, JULY 19, 2012 First-Half 2012 Financial 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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