Live broadcast of April 23, 2020 close-door shareholders meeting

14-04-2020 Finance

In accordance with the order no. 2020-321 of March 25, 2020, the Board of Directors of Compagnie Plastic Omnium SE has decided to hold the Company’s Annual Shareholders’ Meeting in close-door, on April 23, 2020.
You can access all the necessary documents in relation with this Shareholder Meeting here.
You have the possibility to ask your questions beforehand, by sending them to the email address investor.relations@plasticomnium.com. The Group will answer to all the written questions received by email during the Shareholders’ Meeting.

We also inform you that the Shareholders’ Meeting will be broadcasted Live on the company’s website:
https://onlinexperiences.com/Launch/QReg/ShowUUID=2B1A8A3B-A4C9-4EB7-B057-9F204B2A7E34&LangLocaleID=1036
or can be followed by phone by dialing +33 1 70 71 01 59 ; code PIN : 12925770#

Plastic Omnium, in the name of Félicie Burelle, Managing Director, was member of the 3rd ACF AutoTech Grand Prix jury

03-04-2020 Innovation

Organized by the Automobile Club de France and the ESSEC Automobile Club, this Grand Prix highlights and rewards the most innovative French and international startups acting in the automotive field.

Deliberations took place April 2nd, in a 100% digital session where the public was invited to vote.
Congratulations to all startups and the 3 winners:
– ACBiode – Mention Greentech www.acbiode.com
– Altaroad – Prix Pionnier www.altaroad.com
– Lot.bzh – Grand Prix ACF iot.bzh

Shareholders Meeting of April 23, 2020 without the physical presence

02-04-2020 Finance

In accordance with the laws and regulations enacted to combat the spread of Covid-19, the Board of Directors of Compagnie Plastic Omnium SE has decided to hold the Company’s Annual Shareholders’ Meeting without the physical presence of its shareholders.

As a consequence we invite you to anticipate and give preference to participating in the Shareholders’ Meeting by the remote voting means made available to you (by mail or by Internet).

You have the possibility to ask questions before the Annual General Meeting, via the email address investor.relations@plasticomnium.com.
The Group will answer all of the beforehand written questions asked during the Shareholders’ Meeting.

We also inform you that the Shareholders’ Meeting will be broadcast on the company’s website (https://www.opmobility.com).

34% dividend reduction at €0.49

01-04-2020 Finance

Aware of its responsibilities to all of its stakeholders, the Board of Directors of Compagnie Plastic Omnium SE met by telephone conference on March 31, 2020 and unanimously agreed to reduce the dividend proposed for 2019 to €0.49 per share, compared with the €0.74 initially proposed, i.e. a reduction of 34%.

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Plastic Omnium fully geared up to face Covid-19

24-03-2020 Finance

In response to the Covid-19 pandemic, Plastic Omnium is implementing all measures to protect the Group’s 32,000 employees, ensure the continuity of its operations by liaising closely with customers, and maintain the robustness of its financial structure.

The Group’s first priority is the health of its employees. Across all of its plants, on a global level, Plastic Omnium has put in place a series of rigorous measures to avoid contact between employees and reduce the risk of contamination:

– Home office is in place for all jobs where this is possible;
– Body temperature is electronically checked whenever a person enters a plant;
– Production has been organized to avoid any contact between groups of employees when changing shifts;
– Workstations and common areas are disinfected between each change of shift;
– The number of employees is restricted in common areas (canteens, break rooms) with one meter distancing fully respected;
– All travel is forbidden and outside visitors are not allowed to enter the Group’s sites.

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Damien DEGOS is appointed Group Purchasing Performance Director

16-03-2020 Group

To strengthen its operational excellence, Plastic Omnium has created the position of Group Purchasing Performance Director within the Executive Committee, entrusted to Damien DEGOS as of March 16, 2020.

The first mission of Damien DEGOS will be to optimize the organization of indirect purchases in order to rationalize the supplier portfolio, generate savings and guarantee the quality of the service provided.

Its second mission will be to deploy actions to strengthen the social responsibility of the supply chain and reduce the Group’s carbon footprint, thereby underlining and reinforcing the Group’s strong societal commitment, ACT FOR ALL ?.

A graduate of the Ecole Supérieure d’Electricité (SUPELEC) and the IMD of Lausanne, Damien DEGOS has 26 years of experience in the Group, where he has held operational and financial management positions.

Plastic Omnium, winner of the mixite trophies – Category best progression France 2017/2020

06-03-2020 Act For All

Plastic Omnium is the winner of the 2017-2020 Best Progression France Trophy for the percentage of women in the COMEX, the TOP 100 and the global workforce.

Félicie Burelle, Managing Director and Jean-Sébastien Blanc, Executive VP Human Resources, received with pride this award given by the association WAVE, during the ceremony that took place on March 5 within the PFA premises, in the presence of Muriel Pénicaud, French Minister of Labor, and Luc Chatel, President of the Plateforme Française de l’Automobile (PFA).

The WAVE association – Women and Vehicles in Europe – was created in 2008 to promote gender balance in the automotive and mobility professions. To officially reward companies that make gender diversity a real development lever in their organizations, WAVE is organizing the first gender diversity awards.

Convinced that diversity within teams is the key to success and performance, it is at the heart of Plastic Omnium’s Corporate Social Responsibility ACT FOR ALL? policy. The Group’s objective is to reach 25% of women in leadership and management positions in 2025, with strong attention to the development of their internal career.

Discover the 3 focuses and 10 markers of ACT FOR ALL?

2019 Results revenue

19-02-2020 Finance

In 2019, Plastic Omnium’s results, its technological advances, and its ambitious social responsibility policy gave to Plastic Omnium the means to pursue a strategy of profitable and sustainable growth in a complex environment.
Thanks to a diversified customer portfolio, 32,000 committed employees, a clear innovation roadmap and a sound financial structure, Plastic Omnium ranks as a leader in clean and connected mobility, constantly enhancing the value of its innovative systems.

Growth, outperformance and solid results
– Economic revenue: €9,183 million, up 11.4%, +1.1% like-for-like, outperformance of 6.9 pts
– Consolidated revenue: €8,494 million, up 17.2%, +1.4% like-for-like, outperformance of 7.2 pts
– EBITDA: €1,005 million, 11.8% of consolidated revenue
– Operating margin: €511 million, 6% of consolidated revenue
– Net profit – Group share: €258 million, 3% of consolidated revenue

Financial structure strengthened by strong generation of cash-flow
– Free cash-flow: €347 million, after investments of €512 million (6.0% of revenue) and the sale of non-industrial real estate assets for €128.5 million
– Net debt: €739 million, representing 32% of equity and 0.7x EBITDA (€511 million before application of IFRS 16)

An ambitious and vigilant Group
– Proposed dividend: €0.74, representing a 42% distribution rate
– 2020 outlook:
o Growth: outperformance of 5 points compared to worldwide automotive production;
o Growth in operating profit and EBITDA in value, with an enhanced cost-reduction program;
o Generation of free cash-flow of at least €200 million to boost innovation dedicated to clean and sustainable mobility.

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2019 annual results presentation 2019 consolidated financial statements

To view the replay of the Webcast, click here

First contract for Water Injection, an innovative emissions control system for gasoline engines

13-02-2020 Expertise

Plastic Omnium has just won the first contract to mass-produce, for a premium European carmaker, its innovative “Water Injection” system.

Water Injection technology reduces the emissions of gasoline combustion engines. Water is injected into the combustion chamber to cool the air-fuel mixture, thus reducing CO2 emissions by up to 15%, whilst improving engine efficiency and performance by 10%.

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Plastic Omnium Investor Day "Always Ahead"

07-01-2020 Finance

On the occasion of its ”Investor Day“ held today at its ?-Deltatech advanced research center in Brussels, dedicated to new energies, Plastic Omnium is setting out its profitable and sustainable growth strategy for 2019-2022, as well as its innovation roadmap to address the rapid technological transformation of the automotive industry.

Laurent Burelle, Chairman of Compagnie Plastic Omnium, made the following statement:
“Plastic Omnium’s strategic moves over the past 10 years, along with the integration of new environmental and social issues in the development of our operations, now position the Group as a major and responsible player in the automotive industry. We want to continue to grow in clean and connected mobility while remaining an independent family-owned Group able to ensure its long-term development. In a context of rapid, in-depth transformation of the automotive industry, such is the mission I have entrusted to a new management team, which will propel Compagnie Plastic Omnium into an exciting future filled with opportunities.”

Laurent Favre, Chief Executive Officer of Compagnie Plastic Omnium, added the following:
“Our development potential is strong and rests on solid human, industrial and financial fundamentals. Our roadmap is clear: transforming the Group to offer our customers innovative and competitive solutions that meet the technological, environmental and social requirements of the car of the future. With no expected rebound in the worldwide automotive market over the next 3 years, this will firstly require the proactive management of our cost structure and the strengthening of our balance sheet. We will thus be able to seize growth and innovation opportunities that form part of our technological roadmap.”

2019 financial outlook:
– Outperformance of more than 5 points compared to a 6% decline in automotive production;
– Operating margin of around 6%;
– EBITDA of around €1 billion;
– Free cash-flow of around €300 million.
2020-2022 financial outlook:
– Outperformance of around 5 points per year compared to the worldwide automotive production forecast of -2% in 2020 and stability in 2021 and 2022 (Plastic Omnium assumptions);
– Annual growth in operating profit and EBITDA (by value);
– Free cash-flow of more than €200 million per year over the period;
– Steady reduction in debt on a like-for-like basis.

Press release

Investor Day presentation

To view the replay of the Webcast, click here

INVESTOR DAY – January 7, 2020 (online conference)

03-01-2020 Finance

The video replay of Plastic Omnium’s Investor Day will be presented during an online presentation on Tuesday, January 7th, 2020 at 10:15 am (Paris time).

Please register now to:
https://event.onlineseminarsolutions.com/wcc/r/2144214-1/ABB3AFBF6F64860E88766BA167E54CF7?partnerref=rss-events

Conf call number:
– France: +33172727403 PIN: 95308395#
– Germany: +4969222225429 PIN: 95308395#
– Spain: +34911140101 PIN: 95308395#
– United Kingdom: +442071943759 PIN: 95308395#
– US: +16467224916 PIN: 95308395#

Two new President & CEOs to lead Plastic Omnium’s manufacturing businesses

02-01-2020 Group

On January 1, 2020, Stéphane Noël has been appointed President and CEO of Intelligent Exterior Systems, and Christian Kopp has also been appointed President and CEO of Clean Energy Systems.

The Intelligent Exterior Systems business, which generates revenue of approximately €4 billion, is the global leader in exterior systems. The Clean Energy Systems business, the world leader in storage and pollution reduction solutions, takes in around €3 billion in revenue.

Stéphane Noël, 49, started his career at Hutchinson, working in quality and operations, and later became a subsidiary CEO in Asia. He joined Plastic Omnium in 2012 as President and CEO for Asia for the Clean Energy Systems business. In October 2017 he took on the role of President and CEO of Clean Energy Systems.
Stéphane Noël graduated from Polytech Angers and holds a Master’s degree from the EM LYON business school.

Christian Kopp is now taking the helm of Clean Energy Systems.
Christian Kopp, 53, came to Plastic Omnium in 2007 after starting his career at Thomson CSF and Valeo. He held several positions in the Intelligent Exterior Systems business in the areas of programs, sales and business development, before becoming CEO of the Chinese joint venture YFPO. Most recently, he served as president and CEO of the Asia region for Clean Energy Systems.
Christian Kopp graduated from MINES Paris Tech and earned a Master’s degree at Stanford University.

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Plastic Omnium finalizes the disposal of non-industrial real estate assets for €128.5 million

04-12-2019 Finance

Plastic Omnium today completed the sale of its non-industrial real estate assets to the real estate company Sofiparc, wholly-owned by Burelle SA, the holding company which also controls Plastic Omnium. As announced, the disposal was completed for an amount of €128.5 million.

This transaction is part of the rationalization of Plastic Omnium’s asset portfolio, by valuing its non-industrial tertiary assets in a dedicated Burelle S.A. real estate structure. It helps strengthen Compagnie Plastic Omnium’s financial structure.

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Postponement of the Investor Day to January 7, 2020

28-11-2019 Finance

Considering the likely extent of the social movements in France as of December 5, 2019, Compagnie Plastic Omnium believes it preferable to postpone its Investor Day, initially planned for Friday December 6, 2019 at its research center, ?-Deltatech, in Brussels.
This meeting will now be held on January 7, 2020 at ?-Deltatech, in Brussels.

Laurent Burelle, Chairman of Compagnie Plastic Omnium, Laurent Favre, Chief Executive Officer and Félicie Burelle, Managing Director, will present the Group’s profitable and sustainable growth strategy for 2019-2022, as well as its innovation roadmap, designed to meet the acceleration of the automotive industry’s technological transformation.
For 2019, the Group confirms its financial outlook:
– revenue up sharply, speeded up by the takeover in July 2018 of the global leader in front-end modules, the German company HBPO;
– outperformance of at least 5 points compared to worldwide automotive production;
– operating margin of around 6% of revenue;
– EBITDA 2019 exceeding EBITDA 2018;
– generation of free cash-flow of approximately €300 million, including the impact of the proposed disposal in 2019 of the Group’s non-industrial assets.

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A significant contract and the first certification of a pressurized tank confirm Plastic Omnium's hydrogen positioning

21-11-2019 Expertise

Plastic Omnium has recently won a significant order from a German manufacturer for the development of 350-bar hydrogen tanks. The contract signed for bus equipment is the largest project in Europe at this time for this type of vehicle.

In parallel to this success, Plastic Omnium has just obtained its first certification for a 700-bar hydrogen storage tank designed to equip passenger cars. The certification, R134, is an international standard that ensures the respect of the strictest specifications of high-pressure hydrogen tanks regulations. Other certifications are underway for 350-bar hydrogen tanks and for CNG tanks.

This contract and this first certification demonstrate the recognition of Plastic Omnium’s technological know-how, developed in the field of high-pressure composite plastic tanks over the last four years.

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