Plastic Omnium Half-Year Report 2023

Strong growth in revenue of +35%, operating margind) and free cash-flowg)

Marked improvement in profitability of lighting

Half-year order book well above one year of revenuea) Annual targets confirmed

• Strong growth in economic revenuea) (+34.7% to €5,815 million), of which +20.2% organicc). Plastic Omnium outperformed global automotive productionj) by +8.9 points in the half-year, with an outperformance in all regions, confirming the Group’s ability to exceed the market in 2023)
• Consolidated revenueb) of €5,293 million in H1 2023, up +19.9% organicallyc) year-on-year, due to strong growth in the Industries and Modules businesses in line with a faster recovery in production
• Operating margind) of €210 million, up +16.9% or +€30 million, driven by historical activities (+€50 million) and agile and dynamic cost management in a context of continued high inflation. The Group is confident in achieving its annual target
• Solid Net result, Group share of €100 million, despite higher financial expenses in a context of rising rates, demonstrating the Group’s ability to integrate new activities
• Investmentsf) of €205 million, representing 3.9% of consolidated revenue(b), stable year-on-year. Additional investments in H1 2023 focused on hydrogen and impact of integration of acquisitions
• Strong free cash flowg) generation of €191 million, up +43.1%, strengthening the Group’s ability to achieve its annual target