Plastic Omnium - 2020 Universal Registration Document

PRESENTATION OF PLASTIC OMNIUM AND ITS BUSINESSES Objectives and strategy PLASTIC OMNIUM UNIVERSAL REGISTRATION DOCUMENT 2020 59 THE LONG-TERM STRATEGY OF AN INNOVATIVE INDUSTRIAL GROUP BASED ON SOUND FUNDAMENTALS The Group’s strategy of profitable growth and innovation is being implemented while at the same time continuing to transform the business in order to respond to its stakeholders’ expectations. INDUSTRIAL EXCELLENCE AND INDUSTRY 4.0 FOR ITS CUSTOMERS Plastic Omnium is reasserting its goal of increasing the industrial efficiency of its production facilities with the deployment of Industry 4.0 within its plants. Predictive data management, the optimization of processes and the increasing automation of industrial facilities will reduce costs and inventories, while optimizing the supply chain. The objective is to reduce the amount of capital employed and improve operating profitability. INNOVATIVE SOLUTIONS FOR SUSTAINABLE MOBILITY Plastic Omnium is deeply committed to the technological transformation of the automobile. The zero-carbon and connected car creates new growth opportunities by bringing in additional content in each vehicle in all of the Group’s business lines. Intelligent Exterior Systems For its customers, Plastic Omnium develops and designs weight-reduction and optimized aerodynamic solutions. These reduce CO 2 emissions and increase the range of hybrid and electric vehicles by offsetting the weight of batteries. On the strength of its function integration expertise and its unique performance in the electromagnetic transparency of plastics, Plastic Omnium stands as the connectivity integrator by developing complex systems comprising an ever increasing number of smart functions. To round off its offer of innovative solutions, Plastic Omnium enters into technological partnerships, such as the one with German supplier HELLA for a concept combining exterior body systems and lighting. Clean Energy Systems Plastic Omnium is also an energy storage player. The Group expects that 68% of vehicles will have a combustion engine (of which 36% will be hybrid) by 2030. The electric battery market will account for 28% of vehicles and hydrogen will represent 2%. The Group develops emissions control systems for combustion engines with the SCR (selective catalytic reduction) which aims to reduce NOx emissions from diesel engines. It also has specific solutions for plug-in hybrid electric vehicles (PHEV). In parallel, the Group is investing significantly to become a major player in the hydrogen market. Modules The technological expertise of HBPO enables Plastic Omnium to accelerate its growth in smart and modular exteriors, which will profoundly change the design and esthetics of the cars of the future. The success of this expertise is substantiated by the expansion of HBPO’s business scope, with the assembly of new modules (cockpits, center consoles and DC-DC converters), at the request of our customers. Finally, HBPO is also developing new modules, the e-modules, intended for electric vehicles. ENHANCED SKILLS AND INNOVATION To meet the technological and environmental challenges of the car of the future, Plastic Omnium relies on more than 2,500 engineers working in 25 R&D centers around the world. The Group has also gained new skills to boost its innovation capacities through its “Open Innovation” ecosystem. With its investment in venture capital companies Aster and then AP Ventures, the Group ranks as leader in the field of clean mobility. Moreover, Plastic Omnium has a network of start-ups, partnerships with leading universities and an Automotive Strategic Analysis Committee comprised of internationally recognized experts. AMBITIOUS SUSTAINABILITY POLICY Plastic Omnium’s sustainability policy is a key factor in its performance and excellence. Plastic Omnium has formalized its sustainability commitments as part of a worldwide program called ACT FOR ALL TM . This ambitious policy, backed by regularly measured objectives, aims to engage all of the Group’s stakeholders around three pillars: a responsible company, care for people, and sustainable production. The policy is regularly assessed by independent bodies, and was in particular ranked the world’s eighth leading automotive supplier by RobecoSAM and the EcoVadis Platinum label obtained in 2020 (placing Plastic Omnium among the top 1% of companies assessed by EcoVadis).