Compagnie Plastic Omnium SE

Earnings Release • Feb 22, 2023

2022 FY RESULTS

February 22, 2023

Laurent FAVRE CHIEF EXECUTIVE OFFICER

Félicie BURELLE MANAGING DIRECTOR

Kathleen WANTZ-O'ROURKE CHIEF FINANCIAL OFFICER

2022 FY results Disclaimer

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AGENDA ...

HIGHLIGHTS

Vision & Purpose Portfolio reinforcement Innovation Commercial successes Sustainability

STRATEGIC ROADMAP

Context & challenges Objectives Roadmap

PERSPECTIVES & CONCLUSION

Executive Summary

Strong profitable growth in 2022

2022 ANNUAL RESULTS | 4

Executive Summary

Robust financial structure, nurturing future growth

FINANCIALS

Kathleen WANTZ-O'ROURKE CHIEF FINANCIAL OFFICER

Strong organic growth, outperforming the market Global market growth 2022

SIGNIFICANT ORGANIC GROWTH IN ALL REGIONS

2022 ANNUAL RESULTS | 7

* FY 2022 economic revenue

** Source: S&P Global Mobility automotive production February 2023 by Source plant region - [0;3.5t PC + LCV

*** FY 2022 vs. FY 2021 LFL

2022: Strong growth across all segments

Economic revenue bridge

• 10% organic growth excluding acquisitions & FX
• Outperformance against market LFL basis +2.2 points
• Industries +18.4% (+8.1% LFL)
• P0 Modules +17.8% (+14.0% LFL)

18% reported growth of which c. 53% is organic (LFL)

2022: Agile and dynamic cost management, boosting op. margin Operating profit bridge

• 37.5% growth (€+113m) in op. margin, net of Stop & Go's and inflation
• Net inflation impact of €62m (0.7 pts sales)
• 0p. margin at 5.1% excl. acquisitions
  • Industries: 6.3%
  • Modules: 2.0%

Strong margins in preexisting businesses offsetting launch of new growth platforms

2022: Another year of cash-flow generation

Net debt bridge-economic view

Net debt includes significant investment in future growth

• Acquisitions impact (€920m)
• New Energies, 4D radar, battery packs (c. €55m)
• Cash-Flow significantly above revised guidance (>€140m)
• WCR increase resulting from supply chain difficulties and new model launch timing
• Others: dividends (€52m), IFRS16 (€40m)

Impact of acquisitions already partially offset by healthy cash-generation

Leverage ratio 1.9x, testimony of a sound financial structure 2022 Key financial metrics

Net income group share up 33%

2022 Profit & Loss and Proposed dividend

303 4.2% -56 -0.8% -51	367 4.3% -64 -0.8% -62
-0.7%	-0.7%
-60	-60
136	1777
1.9%	2.1%
126	163
1.7%	2.0%

Net result Group share 3% for pre-existing businesses

2023 SHAREHOLDERS' MEETING PROPOSED DIVIDEND €0.39 per share 33.5% payout

Pavillon Dauphine Paris On April 26, 2023 at 5PM CET Payable on May 04, 2023

HIGHLIGHTS

Laurent FAVRE CHIEF EXECUTING OFFICER

Félicie BURELLE MANAGING DIRECTOR

Plastic Omnium Our Vision

DRIVING:

because we are a leader in a fast-moving market, we must build on our industrial success, pushing performance to new levels of excellence. We believe that success comes from our people, inspiring them to make a difference.

NEW:

Because innovation is at the heart of our DNA, we must accelerate our efforts to reinforce our competitive advantage, with digital technologies as key enablers to meet future market needs for safer, greener and smarter mobility.

DRIVING A NEW GENERATION OF MORE ITY

MOBILITY:

Because mobility preferences and expectations are changing rapidly, we must capitalize on our customers relationship to forge new paths in mobility, answering the energy transition challenges. We must develop new partnerships, conquer new markets and grow together.

NEW GENERATION:

Because we have been a family-owned company for four generations, our vision is passed on from generation to generation. As we care about people and feel responsible for the planet, we are committed to delivering a positive impact for future generations.

Strengthening our growth profile, increasing value add per vehicle 6 recent portfolio elements

Innovation at the heart of our strategy

2022 Major innovation milestones

2022 Key orders - Exterior Vehicle

Commercial successes ensuring future profitable growth

Pure EV US player

Front End Carriers and Active Grille Shutters

ICE

Audi

Tailgate, Front-End module, Front-End Carrier & Fuel System 1st plastic tailgate with a

German premium OEM

Renault 4 Ever 1st Smart Panel, Front bumper, Wheel archs

VW Tiguan Front & Rear Bumpers

2022 Key orders - Powertrain

Commercial successes ensuring future profitable growth

2022 Key Launches

Commercial successes delivering profitable growth

n Grugill

SUSTAINABILITY

Committed to delivering a positive impact for future generations

Our roadmap to carbon neutrality

SCOPES 1, 2 & 3: neutral in 2050

PO's objectives approved by

and aligned with BUSINESS 1.5°C =>>

* For new acquisitions SCOPES 1 & 2 neutral in 2027

SCOPES 1 & 2: Performance & action plan

SCOPE 3: Performance & action plan

/ Supplier CSR performance as part of our selection criteria

DOWNSTREAM

/ Benefit from low carbon mobility strategy

/ Reduced CO2 footprint of our products over their lifetime

2022: Solid performance in all sustainability KPIs

STRATEGIC ROADMAP

Laurent FAVRE CHIEF EXECUTIVE OFFICER

Félicie BURELLE MANAGING DIRECTOR

A rapidly-changing market that requires agility 2022-2027 Powertrain mix evolution

PO's transformation is a well-defined strategic response

2022-2030 Building up and out

CARA CONSTRATEGIC PRIORITIES . . . . . . . . . . . . . . . . . . . . .

REINFORCING OUR PRODUCT PORTFOLIO TO GROW OUR CONTENT PER VEHICLE

GENERATE NEW, PROFITABLE GROWTH IN EV MOBILITY, CONNECTIVITY AND SAFETY

ENLARGE OUR SCOPE TO SERVICES ARISING FROM NEW MOBILITY REQUIREMENTS

Powertrain: ICE, preparing for market consolidation

Mature business, leadership position

MARKET EVOLUTION

• • O OBJECTIVE: INCREASE ADRESSABLE MARKET SHARE Increase addressable Robust execution Action Plan market share of Order Intake CES awarded for all Replacement with Adapt organization, CAPEX and footprint in a plastic solutions vs. replacement programs and for EUR7 regulation consolidating market steel Strong Order Intake OEMs' strategy to Continue to improve 2022 > 90% of 2027 consolidate on leading productivity suppliers revenue already secured Further reduce Break-Even-Point Strong profitability and cash TARGET:

Achieve 27% market share of adressable market in 2027

Powertrain: Hydrogen, well positioned for future leadership

Moving towards industrialisation

OBJECTIVE: ACHIEVE LĘADERSHIP POSITION IN EMERGING MARKET, *

Complete offer in H2 for mobility	Global footprint	Action Plan
Hydrogen storage systems Fuel cell stacks ' Integrated Fuel cell systems	Global footprint to be well- balanced with 7 plants by 2025 in Asia, North America and Europe Backlog > €1bn	/ Avg. €100m investment per year to deliver the growth / Production capacity build- up and HR ramp-up
		/ Quality & quantity of New Orders

TARGET:

€300m revenue in 2025 €3bn revenue in 2030

The new Plastic Omnium plant in Compiègne, France - largest European plant for hydrogen vessels (op. in 2025)

Powertrain: Battery Systems e-Power

A range of energy management solutions

OUR OFFER E-POWER : PRODUCTS & MARKETS

OBJECTIVE: BECOME A LEADING BATTERY PACK SUPPLIER FOR HEAVY MOB

Fast Growing addressable market		Strong technological foundation V	Action Plan
ADDRESSABLE €20-25bn GLOBAL MARKET SIZE 2030		5 R&D and manufacturing facilities Complete product portfolio 3 000 Battery packs & systems in operation worldwide	Grow in heavy mobility segment & Explore profitable niches in light vehicle segments Develop synergies with New Energies
	Blue-chip customer base in heavy mobility	TARCEL €1bn revenue in 2030

2022 ANNUAL RESULTS | 30

Exterior solutions: Lighting - design, safety & connectivity

Diversification that builds on synergies

2022 ANNUAL RESULTS | 31

Exterior solutions: Global offer, a unique competitive position

Innovative contents to enrich vehicle body

Assets	Action Plan
Global offer team setup to provide unique customer proposal Coordinated go-to-market approach across divisions	' Unique product offering enabled by full function integration ' Synergies between PO activities	TARCHIP Gain momentum in RFQs for global offer, starting 2023
OBJECTIVE COMBINE GROUP SYNERGIES

OUR OFFER

OP'nSoft - a path towards Software Defined Vehicles

State-of-the art software development

SOFTWARE value in new car generation: 40%* SOFTWARE market growth: \$22bn in 2022, \$40bn in 2027*

/ Federation of Plastic Omnium software development expertises

• +70 people by Mid-2023, 250 by 2025
• Advanced Software development abilities, critical for power systems, lighting and ADAS

We enable INNOVATIVE PRODUCTS Enhancing USER EXPERIENCE Enabling GREENER, SAFER & CONNECTED SOFTWARE-DEFINED vehicles

PERSPECTIVES & CONCLUSION

Laurent FAVRE CHIEF EXECUTIVE OFFICER

Ambitious objectives for a new PO Objectives 2023-2025

based on worldwide automotive production of 82.1m* vehicles as per S&P, February 2023

* Source: S&P Global Mobility automotive production February 2023 by Source plant region - [0;3.5t PC + LCV ** As per CMD document, May 2022

2022 ANNUAL RESULTS | 35

Conclusion Solid fondations nurture growth drivers

All targets achieved in 2022 /

• Growth profile further strengthened /
• A clear roadmap that's already in execution /
• Dynamic momentum in 2023 /
• 2025 revenue guidance upgraded

April 25, 2023 2023 First Quarter Revenue April 26, 2023 Shareholder's General Meeting

July 24, 2023 First Half Results October 26, 2023 Third Quarter Revenue

APPENDICES

Organic revenue growth at 10%

Revenue per business line

In €m	FY 2021	FY 2022	A in %	A LEL	Outperformance
PO Industries	5 826	6 897	+18.4%	+8.1%	+0.6 pts
PO Modules	2 191	2 580	+17.8%	+14.0%	+6.5 pts
Economic Revenue	8 017	9 477	+18.2%	+9.7%	+2.2 pts
Joint Ventures	784	939	+19.8%	+14.5%
Consolidated Revenue	7 233	8 538	+18.0%	+9.2%

Free Cash Flow above guidance

2022 cash flow statement

In €m		2021	H1 2022	H2 2022	2022
Operating margin		303	179	184	364
EBITDA		771	414	450	864
Gross Cash Flow		616	359	308	666
	In % of sales	8.5%	9.1%	6.7%	7.8%
Capex and development		-294	-154	-198	-351
	In % of sales	-4.1%	-3.9%	-4.3%	-4.1%
Change in WCR		-71	-72	-1	-72
Free Cash-Flow		+251	+134	+109	+243
Dividends		-87	-49	-3	-52
Ireasury shares		-19	-8	-8	-16
IFRS 16		-39	-14	-26	-40
M&A/Financial assets/Other		-153	-60	-890	-950
Net debt (end of the period)		-854	-851	-1 669	-1 669

Strong margins in historical business absorbing launch of growth platforms 2022 operating margin per business line

In €m and % of sales	2021	FY 2022
		Published	W/O Acquisitions
Operating margin	303	364	416
	4.2%	4.3%	5.1 %
PO Industries	271	316	368
	5.2%	5.1%	6.3 %
PO Modules	32	48	48
	1.6%	2.0%	2.0 %
EBITDA	771	864	884
	10-7%	10.1%	10.7 %
PO Industries	677	754	774
	12.9%	12.2%	13.2 %
PO Modules	95	110	110
	4.8%	4.7%	4.7 %

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