Plastic Omnium // 2021 Universal Registration Document

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CONSOLIDATED FINANCIAL STATEMENTS 2021 Consolidated financial statements at December 31, 2021

Fiscal year 2020 Fiscal year 2021 1 st half-year 2 nd half-year 1 st half-year 2 nd half-year

Impacts of crisis context on the Group’s key figures In%

Change in the Consolidated Sales of the period compared with the same period one year before (1)

-30.6%

-2.7%

27.8%

-16.2%

Weight of the Operating Margin in relation to the Consolidated Sales per period

-3.9%

5.7%

6.2%

2.0%

Change in the Operating Margin compared with the same period one year before (2)

-141.3%

2.1% -301.5%

-70.7%

Changes explained in 2020 by the Covid-19 pandemic and in 2021 mainly by the shortage of semiconductors. (1) Changes in 2020 are linked to the Covid-19 pandemic and in 2021 are compared to 2020, itself already impacted by the effects of Covid-19. (2)

2.1.2

Continuation in 2021 of the Covid-19 health crisis and measures maintained by the Group to protect employees

These tests were updated on the basis of forecast data from the Group’s medium-term plans finalized in November 2021, established for the period 2022-2026, revised where appropriate to take into account the latest developments. The main assumptions used in drawing up the 2022-2026 strategic plan are as follows: a cautious approach to IHS projections by applying an average discount ● of 5%; taking into account the forecasts made by IHS and the Group’s ● customers in terms of changes in the “mix” of vehicle engines, i.e. the proportion of diesel, gasoline, electric and hybrid engines in global production; the volume forecasts received from car manufacturers, discounted ● where applicable depending on the history and knowledge of each program and in relation to disparities and country specificities; market shares up from 2021 to 2026, in particular in the CES Division; ● inflation with no negative impact on profitability due to the ● pass-through to customers and continued improvements in operational efficiency; carbon neutrality for scopes 1 and 2 by 2025, taking into account the ● necessary investments at entity level; these investments are insignificant across the Group. The discount rate (WACC) used, at 9%, is unchanged from last year; it is adjusted if necessary to take into account country specificities (India). The perpetual growth rate used in determining the terminal value is set at 1.5%; this rate has been adjusted in the United States (2%) and India (3%) to take into account local specificities.

In 2021, the Group did not suffer any significant production interruptions directly related to Covid-19. Since 2020, the Group has implemented strict health measures ranging from providing protective equipment for employees, hydro-alcoholic gels, temperature-taking equipment, regular disinfection of premises, floor markings and displaying of instructions, etc. These measures will be maintained until the health crisis has ended. The impacts directly related to the shortage of semiconductors and components and the continuing Covid-19 pandemic are described in the following notes. 2.1.3 Impairment tests were carried out in order to verify in particular that property, plant and equipment and intangible assets, including goodwill and assets in progress, are always recognized at a value that does not exceed their recoverable amount. In the current context of the global shortage of semiconductors and components, the Group has identified indicators of impairment at December 31, 2021: a decrease in the activity of certain Group entities (refer to introductory ● Note 2.1 on the “Health and economic context”) given the shutdowns of the production lines of car manufacturers which have led the Group to adjust its own production; Performance for 2021 leading to a delay in performance for ● subsequent years compared to that expected before the Covid-19 crises and the component shortage. The assets tested in the context of the 2021 account closing are as follows: goodwill for “Modules” and “Industries” activities and their components ● “Intelligent Exterior Systems” and “Clean Energy Systems”; customer contracts; ● project assets; ● industrial site assets that were subject to impairment in 2020 or for ● which business forecasts for future years are down compared to 2020-2021. Asset impairment tests

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PLASTIC OMNIUM UNIVERSAL REGISTRATION DOCUMENT 2021