OPmobility to equip Stadler’s first hydrogen trains in Europe

OPmobility has been awarded a major contract by Stadler, one of the largest rail vehicle manufacturers in the world, to equip hydrogen-powered regional trains in Italy. The Group will supply high-pressure hydrogen storage systems as well as 150-kW fuel cell systems for the first time, with deliveries scheduled up to late 2025.

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OPmobility H1 2024 Results – July 23, 2024

OPmobility’s (formerly Plastic Omnium) H1 2024 results will be presented on Tuesday, July 23, 2024, at 9:00 am (Paris time).
The conference will be webcasted live through the link below:

https://channel.royalcast.com/landingpage/opmobilityen/20240723_1/

If you wish to access the conference call, simply dial one of the following numbers:

  • France: +33 (0) 1 70 37 71 66
  • UK: +44 (0) 33 0551 0200
  • US: +1 786 697 3501
    • Then provide the operator with the code: OPmobility

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Clara Cuniot is appointed Group Senior Vice President of Communications at OPmobility and associate member of the Executive Committee

OPmobility announces Clara Cuniot’s appointment as Group Senior Vice President of Communications and associate member of the Executive Committee, chaired by Laurent Favre. Clara Cuniot succeeds Cécile Canet-Teil, who has decided to pursue her career outside the Group.

This appointment comes as OPmobility is enhancing and accelerating its strategic positioning to benefit all types of mobility, as reflected in the company’s recent name change. The Communications department will support the transformation of the Group and its businesses. Clara Cuniot will focus on promoting the unique nature of OPmobility’s solutions and its commitment to innovative and sustainable mobility.

After beginning her career as a financial communications consultant, Clara Cuniot spent 10 years at Air Liquide, joining the company in 2014. Her roles included working as Head of Shareholder Communications from 2017 to 2021. She was then appointed Director of Hydrogen Communications, a position she held between 2021 and 2024.

Clara Cuniot joined OPmobility in March 2024 as Deputy Head of Communications.

Originally from France, Clara Cuniot is a graduate of Lyon’s Institut d’Études Politiques.

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Individual shareholders’ visit at R&D center Sigmatech (Lyon) on june 19th 2024

OPmobility organized a site’s visit for its individual shareholders on June 19th, 2024.

Almost twenty individual shareholders had the opportunity to visit ∑-Sigmatech R&D center, located in Ste Julie, near Lyon, to discover the Group’s testing and pilot production means for exterior systems.

Opened in 2002, this site is the global R&D center of the Exterior business group, where the teams design, offer and validate exterior bumpers and tailgates that are innovative in terms of their size, aesthetics and the functions they integrate. On this 16,000 m² site, more than 450 engineers, of 14 different nationalities, innovate every day to build the future of mobility.

This visit was an opportunity to discover the parts already in production of the 3 OPmobility business groups which are active on vehicle exteriors: Lighting, Modules and Exterior. Visitors had access to the site’s pilot line, in particular the assembly and painting resources and the new 2,700-tonne dual-compound press, commissioned in March 2022. The testing resources of the site laboratory, support for the whole world, were presented, in particular the shock tests, the vibrating bridge or the devices for material characterizations. Innovation highlighted tailgate and bumper demonstrators whose designs allow great freedom of style and integrate lighting or safety functions, as well as the latest innovations in decoration or use of recycled or biosourced materials. The site’s actions to reduce its carbon footprint were also praised, including energy management and solar panels, making it possible to cover 30% of the Sigmatech site’s energy consumption.

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OPmobility to equip Chinese rail giant CRRC’s hydrogen-powered trams

OPmobility, through its PO-Rein joint-venture, has won a contract from the world’s leading rail manufacturer CRRC (China Railway Rolling Stock Corp.) MRT Holding Group, to supply type 4 high-pressure hydrogen storage systems. The new contract means OPmobility is the first automotive supplier to market this technology for mobility applications in China.

OPmobility, Shenergy Group (China’s state-owned energy company) and CRRC MRT Holding Group are also forging a close, long-term partnership to develop hydrogen mobility solutions.

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OPmobility showcases its technologies to decarbonize mobility at ACT Expo in Las Vegas

From 20 to 23 May 2024, OPmobility will be at the Advanced Clean Transportation (ACT) Expo in Las Vegas, a major event focused on decarbonizing fleets and heavy mobility. The Group will be showcasing its line-up of hydrogen and battery electrification solutions for trucks, buses and commercial vehicles.

You can find OPmobility on stand no. 1709, Las Vegas Convention Center.

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Major step in its development in the USA, OPmobility inaugurates its first plant in Texas

OPmobility inaugurates its new module assembly plant in Austin (Texas), to address a historic order from a key US player in electric mobility. Built in only six months, the plant has already produced 100,000 modules since it started up in September. It will soon be the Group’s largest plant by revenue.

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OPmobility’s Q1 2024 Revenues – April 23, 2024

OPmobility’s (formerly Plastic Omnium) Q1 2024 revenues will be presented on Tuesday, April 23, 2024, at 9:00 am (Paris time).

The conference will be webcasted live through the below link:
https://channel.royalcast.com/landingpage/opmobilityen/20240423_1/

If you wish to access the conference call, simply dial one of the following numbers:

  • France : +33 (0) 1 70 37 71 66
  • UK : +44 (0) 33 0551 0200
  • US : +1 786 697 3501
    • Then provide the operator with the code: OPmobility

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Plastic Omnium is now OPmobility

By becoming OPmobility, Plastic Omnium turns a new page in its history and confirms the acceleration of its strategic transformation as a leading player in sustainable and connected mobility.

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Plastic Omnium adapts its organization to ramp up development of its integrated exterior systems offer

Plastic Omnium is engaged in a far-reaching transformation of its portfolio of activities dedicated to mobility in all its forms. In just 18 months, it has grown its number of divisions from three to five as well as set-up a new software development activity. With revenue now exceeding the symbolic 10 billion-euro mark, the Group is determined to accelerate and consolidate its global leadership position by developing a unique integrated offer of exterior body panels, lighting and modules.

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Plastic Omnium successfully issued a €500 million 5-year bond

Plastic Omnium, a world-leading provider of mobility solutions, announces the successful issue of a €500 million bond due March 2029 with a coupon of 4.875%.

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Plastic Omnium has been assigned a BB+ long-term credit rating by S&P global ratings

Plastic Omnium, a world-leading provider of mobility solutions, announces that it has been assigned a Long-Term Credit rating of BB+ from S&P, with a “Stable” outlook.

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2023 Annual results

Strong 2023 performance

  • Revenue at a record high of €11.4 billion, with strong +20% growth vs. 2022.
  • Operating margin and free cash flow above adjusted targets.
  • Exceptional 2023 order book confirming dynamic future growth and demonstrating the relevance of our offer.
  • Continuation of the strategic roadmap and a sharp improvement in lighting business profitability.
  • 2023 economic revenue of €11.4 billion, up significantly by +20.3% (+13.4% organic growth), outperforming annual global automotive production by +3.7 points, in-line with Group target. Consolidated revenue exceeds €10 billion for the first time in Plastic Omnium’s history.
  • Operating margin of €395 million, up +€31 million, driven by more sustained activity levels in 2023 than 2022, good cost control in an ongoing high-inflation environment and a marked improvement in the lighting business margin.
  • Robust net result, Group share of €163 million and a proposed dividend of €0.39 per share, stable compared to 2022.
  • Strong free cash flow generation of €227 million, above the adjusted target of between €190 and €210 million, including controlled investments of 4.7% of revenue.
  • Further reduction in Group debt to net debt of €1,540 million and a net debt/EBITDA ratio of 1.7x at December 31, 2023.
  • Excellent commercial momentum reflected by a record order intake in 2023 and including in particular major order intakes in the first half of the year.
  • A change in Group segment reporting enabling the contribution of the Group’s different businesses to be better assessed through the Exterior Systems, Powertrain, and Modules segments
  • Continued roll-out of the carbon neutrality roadmap with a -20% decrease in CO2 emissions (scopes 1 & 2) compared to 2019 (baseline for our commitments), and the recognition, by CDP, of our climate commitment with the grant of the highest “A” rating.

Outlook

  • In a market expected to decline slightly in 2024 (estimated at -0.7% by S&P), Plastic Omnium aims to outperform global automotive production) and improve all its financial aggregates (operating margin), net result Group share, free cash flow and net debt compared to 2023, with a controlled increase in investments.
  • To support future growth, Plastic Omnium also aims to improve its cost structure to become more competitive, by adapting its industrial capacities to changes in production and pooling its resources.

« With record revenue of €11.4 billion in 2023, Plastic Omnium crossed the symbolic €10 billion mark, highlighting the Group’s solid operating performance. As our historical activities confirm their leadership, the hydrogen business continues to ramp up industrially and commercially and the lighting business has significantly improved its profitability while achieving major commercial successes. Our exceptional order book demonstrates the relevance of our technological offer for all types of mobility and the confidence of our customers. At the same time, the Group is transforming to support market growth by adapting its industrial facilities and pooling its functional resources in each of its key regions. I would like to pay tribute to the remarkable commitment of the teams who deploy our strategic roadmap daily and are working to reduce our CO2 emissions. CDP rewarded these efforts with the highest rating for our climate action. In a market expected to contract slightly in 2024, Plastic Omnium aims to improve its financial performance and continue deleveraging.»
Laurent Favre, Chief Executive Officer of Compagnie Plastic Omnium SE

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Presentation

Consolidated financial statements 2023

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Plastic Omnium presents its technologies to decarbonize mobility at H2 & FC EXPO in Tokyo

Plastic Omnium and EKPO Fuel Cell Technologies, its joint venture with ElringKlinger, are exhibiting at H2 & FC EXPO in Tokyo from February 28 to March 1, 2024. The show, a major international event focused on hydrogen and fuel cells, is part of Smart Energy Week. Plastic Omnium will be showcasing its hydrogen and battery electrification solutions for decarbonizing heavy and commercial mobility (trucks, buses and commercial vehicles).

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