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

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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

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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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Shareholders Visit at the International Research & Development Center Alphatech in Compiègne (France)

06-11-2019 Shareholders

As every year, Plastic Omnium has organized a visit for its individual shareholders.

Twenty shareholders have had the opportunity to visit the ?-Alphatech R&D Center to discover the Group’s storage and depollution solutions dedicated to different kind of engines.

Opened in 2014 and inaugurated in April 2016 by President François Hollande, the center has expanded his expertise from fuel systems, emissions reduction to the storage and distribution for all energies. ?-Alphatech employes more than 600 engineers, of 30 different nationalities, it deposits about 70 programs every year and supports 35 SOPs (starts of production) worldwide.

Shareholders Visit at the International Research & Development Center ?-Alphatech in Compiègne (France)

Strong growth in revenue at September 30, 2019

24-10-2019 Finance

In the 3rd quarter 2019:
– Revenue of €2,240.8 million, up 10%
– Outperformance of 11.7 points over worldwide automotive production

For the first nine months of 2019:
– Revenue of €6,851.8 million, up 17%
– Outperformance of 8.7 points over worldwide automotive production

For the 2019 full-year, in expectation of a decline of around 6% in worldwide automotive production, the Group confirms:
– outperformance of at least 5-points over worldwide automotive production
– an operating margin of around 6.0% of revenue,
– 2019 EBITDA exceeding 2018 EBITDA (€918 million),
– free cash-flow of around €300 million, including the impact of the real estate disposal project already announced.

“In a complex market environment marked by a drop of around 6% in worldwide automotive production in 2019, Plastic Omnium posts strong outperformance, reflecting market share gains in all of its business lines, along with the ramp-up of the Group’s new production facilities and the success of its range of innovative products.
Despite the short-term impact on profitability due to operational difficulties in the ramp-up of our Greer plant in the US, the Group’s fundamentals remain solid and its cost reduction and free cash-flow generation programs have been reinforced.
Our growth will continue in the upcoming years thanks to our solid order book and the 12 plants and 3 R&D centers opened in 2018-2019.”

Laurent Burelle, Chairman and Chief Executive Officer

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ACT FOR ALL

23-10-2019 Act For All

Plastic Omnium strengthens its CSR commitment

Since 1946, Plastic Omnium has supported the many changes that have taken place in the automotive industry. Lighter cars, emissions reduction , search for cleaner energies, sustainable mobility is historically at the core of our knowhow and at the heart of our business.

Family owned and responsible company, whose growth is built on human and entrepreneurial values Plastic Omnium structures his CSR policy to become a referent partner for his customers in sustainable mobility.

ACT FOR ALL marks a new ambition, in a spirit of continuous improvement of our environmental policy, towards a unique and shared vision of collective commitment.

Today, October 23, 2019 the first ACT FOR ALL day mobilises all of Plastic Omnium world teams around the 3 CSR following pillars:
– Responsible entrepreneurs
– Care for people
– Sustainable production

A history of engagement, concrete initiatives

Today Plastic Omnium launches its new CSR program, ACT FOR ALL !

It marks a new ambition in a spirit of progress and continuous improvement of our safety and environmental approach. A global and unifying program, ACT FOR ALL embodies the commitment of a Responsible Group to sustainable business practices.

The operational objectives are global. In each site, actions will be undertaken to train the teams with ethical obligations, the preservation of the environment, the support of local populations, and health and safety.

In view of the important technological, climate and societal challenges, ACT FOR ALL is in general commitment in the general interest, in order to systematize and measure our actions for everyone, every day.

Our CSR strategy is built on 3 pilars

A GENERAL COMMITMENT TO THE PUBLIC INTEREST

The ACT FOR ALL approach, built on 3 axes, marked out with 10 markers, guides our actions, in the interest of all the stakeholders:
1. Responsible entrepreneurship: Plastic Omnium makes ethics the pillar of its responsible performance. A requirement shared by all its stakeholders.
2. Care for people: A family group, Plastic Omnium strives to provide safe, healthy and equitable working conditions for all its employees around the world, and offers them career and development opportunities.
3. Sustainable production: A responsible industrial company, Plastic Omnium strives to reduce the impact of its factories on the environment by optimizing its processes, from design to manufacturing.

To act and produce in a responsible way and in the respect of all, is part of the Plastic Omnium culture. World leader, the reduction of vehicle emissions is in our DNA, the thread of our research and the pride of our employees.

Read more about ACT FOR ALL

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The International City of Gastronomy opens today, October 19th!

19-10-2019 Act For All

Plastic Omnium is proud to be sponsor of this ambitious project. An innovative concept combining museum and cultural center devoted to gastronomy.

Plastic Omnium, originally from Lyon, supports the region’s iconic gastronomy by sponsoring The International City of Gastronomy that will open in the historic building Lyon’s Grand Hôtel-Dieu, today, October 19th!

First cultural center entirely devoted to gastronomy, The International City of Gastronomy aims to become a place dedicated to exhibitions, meetings and culinary discoveries, with an innovative space “at the crossroads of food health and pleasure“.
4000 m², tailored to experience all aspects of gastronomy and dedicated to identity, know-how of French cuisine excellency.

Plastic omnium is proud to be sponsor, since the beginning, of the realization of this large-scale project !

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Plastic Omnium review its financial outlook for 2019

08-10-2019 Finance

Despite strong activity and a buoyant backlog, operational difficulties affecting the start-up of the new Greer plant (South Carolina) have led the Group to review its financial outlook for 2019.

Over the first nine months of 2019, Plastic Omnium Group activity was very strong. Economic revenue amounted to €6,852 million (€6,356 million in consolidated revenue), up 17.0%. At constant scope and exchange rates, the rise was 2.7% compared to September 30, 2018, i.e. outperformance of 8.7 points compared to automotive production estimated to be down 6.0% over the period.

At the same time as this strong business, Plastic Omnium experienced significant operating difficulties in the ramp-up of its North American Greer plant (South Carolina). The difficulties encountered relate to the size of the plant, the complexity of the process and the acceleration of volumes since summer 2019.
A detailed action plan covering the 2019-2020 period has been put in place across the entire industrial footprint in South Carolina.
The impact of these difficulties has led the Group to review its operating margin outlook for 2019, which is now expected to be around 6% of revenue.

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Compagnie Plastic Omnium changes its governance:

24-09-2019 Group

Laurent Burelle becomes Chairman, Laurent Favre joins the Group as Chief Executive Officer and Félicie Burelle is appointed Managing Director.

On a proposal from Laurent Burelle, with an aim to pursue long-term growth for the Group by seizing opportunities related to the transformation of the automotive market, the Board of Directors of Compagnie Plastic Omnium, at its meeting today, decided to appoint a new leadership team and change the company’s governance structure.

Starting January 1st, 2020, Laurent Burelle, Chairman and Chief Executive Officer since May 2001, will become Chairman of the Group. Laurent Favre will be Chief Executive Officer (CEO) and Director. On a proposal from Laurent Favre, Félicie Burelle will become Managing Director, alongside the CEO.

Laurent Burelle declares :

”I’d like to thank Jean-Michel Szczerba for his dedication and loyalty to three consecutive family Chairmen and CEOs of the group, for his tremendous contributions to make Plastic Omnium a globalized automotive supplier that is a leader in its three business segments, with profitable growth.

Thank you also to Paul Henry Lemarié, who is leaving his role as Chief Operating Officer of Compagnie Plastic Omnium after 39 years, during which he supported and participated in all the key operations that have made the group so successful. Paul Henry Lemarié will continue in his role as Director and Chief Operating Officer of Burelle SA.

The automotive industry has entered a new phase of development marked by upheavals that are unprecedented in their scale and speed. With our solid human, technological and financial foundations, we are moving forward into this future with the long-term vision and enthusiasm that have made our group so successful from the start.

I am confident in the new leadership team’s ability to keep transforming Compagnie Plastic Omnium with the renewed support of Burelle SA, Compagnie Plastic Omnium’s controlling holding company, of which I am Chairman and Chief Executive Officer.“

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