Plastic Omnium // 2021 Universal Registration Document
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NON-FINANCIAL REPORTING DISCLOSURE Plastic Omnium's business model
CUSTOMERS 4.2.1.2 The Group’s 93 customers are mainly located in Europe, the Americas and Asia. These are mainly the traditional OEMs, as well as emerging players in the electric or autonomous vehicles sector.
The Plastic Omnium Group is organized around business line holding companies or country holding companies that hold the securities of local operating subsidiaries. The activity of these local operating entities primarily depends on their local market; therefore, they have the assets and liabilities necessary for their activity but they do not have strategic assets. Compagnie Plastic Omnium SE entities are directly or indirectly wholly owned or controlled by Compagnie Plastic Omnium SE, with the exception in particular of the following three entities, which are held jointly with partners. HBPO (see above); ● YFPO: joint venture 49.95% owned by Plastic Omnium Auto Exteriors ● (holding company of the IES business line). The company is the Chinese leader in exterior body parts. Its 2021 revenue amounted to €569 million (Plastic Omnium’s share) generated in its 24 plants in China; BPO: joint venture 50% owned by Compagnie Plastic Omnium SE. The ● company is the Turkish leader in exterior body parts and, as such, integrated into the IES business line. Its 2021 revenue stood at €19 million (Plastic Omnium’s share). In addition, Plastic Omnium Gestion centralizes the support and strategic functions for the Group, such as the Finance, Legal, Risks and Compliance, Human Resources, Sustainable Development and Information Systems Departments. It develops the policies, procedures and requirements which are then deployed locally and monitored through regular reporting to ensure consistency in management methods. Operational activities are managed by the Group’s local subsidiaries in order to ensure a presence as close as possible to the markets and an ability to respond to local requirements. INTERNATIONAL PRESENCE 4.2.1.1 Its international presence, close to its customers, gives the Group the responsiveness and adaptability necessary to meet the needs of these customers. Its network of 137 plants, spread across 25 countries in Europe/Africa, North and South America and Asia is a major advantage in retaining its leadership position.
BREAKDOWN OF GROUP REVENUE BY CUSTOMER
3% Toyota 8% Others
4% Hyundai Motor Company 5% Jaguar Land Rover - Tata Group 5% Ford 6% Renault Nissan Group 7% General Motors Group
26% Volkswagen Group
17% Stellantis
9% BMW
11% Daimler
Plastic Omnium confirmed its world leader position in its three business lines in 2021. Clean Energy Systems has produced 18 million systems and holds a ● 21% market share, with the majority of its growth margin coming from the replacement of metal fuel tanks which represent 11% of the market. With 21 million bumpers produced per year, Intelligent Exterior ● Systems holds 15% of the global market. HBPO delivered nearly 5 million front-end modules to reach an 18% ● global market share. For Intelligent Exterior Systems and HBPO, the main growth drivers are the outsourcing of those activities, today carried out partly by the OEMs themselves as well as its expertise in responding to increasingly complex demands such as the integration of electronic equipment.
BREAKDOWN OF ECONOMIC REVENUE BY REGION
12% China Asia 19% 7% Asia (exculding China)
2% Others
53% Europe
26% North America
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PLASTIC OMNIUM UNIVERSAL REGISTRATION DOCUMENT 2021
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