Plastic Omnium - 2019 Universal Registration Document

INTEGRATED REPORT LAURENT FAVRE DIRECTOR AND CHIEF EXECUTIVE OFFICER What is your view of Plastic Omnium? First, I am very proud to head a Group that is among the 30 leading automotive suppliers, but stands out from the others as a family-run, independent company with a rich history rooted in strong values that make all the difference. Plastic Omnium’s strength lies in its consistent ability to predict market swings and take timely strategic action to boldly and rigorously prepare for them. This was the approach taken in the Group’s successful re-focus on the automotive industry. Every day that I spend meeting the teams in the factories, R&D centers and of- ƁEGU CTQWPF VJG YQTNF DTKPIU JQOG VQ OG QWT employees’ outstanding level of operational excellence and engagement. What are thepriorities tobeaddressedby Plastic Omnium? Short term, we need to absorb automotive market turbulence due to the slowdown in China and Europe and tighter environmental regulations for the automotive sector. We have grounds for optimism. For one thing, we demonstrated our ability to adapt to the less dynamic business environment in 2019. For another, tighter environmental regulations are driving innovation, and with it our future growth. In the longer term, Plastic Omnium is gearing up to take timely decisions to support growth, which will be driven by the technological revo- lution under way in the automotive sector and ongoing mobility requirements in a number of world regions where automobile ownership remains relatively low. " Plastic Omnium’s strength lies in its consistent ability to predict market swings and take timely strategic action to boldly and rigorously prepare for them. " Laurent Favre How can Plastic Omnium step up its growth? The Group can build on its balanced worldwide locations and technological capabilities to cap- ture upcoming growth in the automotive sector. It can expand its market share, increase the number of parts sold per vehicle and put even more value into each vehicle with enhanced products and new functions. Our 26 R&D centers and our strategic partnerships with innovative companies such as HELLA and Brose give us what we need to help automakers navigate their technological transformation. How is the Group supporting tomorrow’s mobility? As world leader in our three businesses, Plastic Omnium clearly operates at the heart of the transformation of the automotive industry. By reducing the car’s energy consumption and pol- lution emissions, the Group has also become an energy transition player. When we make strong technology choices such as to invest in fuel cells and hydrogen, we become a driving force in the transition. Another strength is the intelligence we are including in exterior systems and energy systems. The technology revolution also extends to production systems, and we are able to assemble complex modules that make life easier for automobile manufacturers. For all VJGUG TGCUQPU YG CTG EQPƁFGPV IQKPI HQTYCTF 1-"45*$ 0./*6. 6/*7&34"- 3&(*453"5*0/ %0$6.&/5