Plastic Omnium Investor Day "Always Ahead"

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