Plastic Omnium // 2021 Universal Registration Document

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

Staff costs 4.3 Following the partial activity introduced due to the Covid-19 pandemic in several countries where the Group operates (see Note 2.1.5 in “Significant events of the period”), the Group received aid from several States, for €9.4 million, which reduced personnel costs.

2021

2020

In thousands of euros

Wages and salaries

(791,816)

(782,963)

Payroll taxes (1)

(233,487)

(224,490)

Non-discretionary profit-sharing

(14,873)

(13,916)

Share-based payments

(2,086)

(1,408)

Pension and other post-employment benefit costs

(4,520)

(9,376)

Other employee benefits expenses

(42,700)

(22,757)

Total employee benefits expense excluding temporary staff costs

(1,089,482)

(1,054,910)

Temporary staff costs

(93,198)

(98,875)

TOTAL EMPLOYEE BENEFITS EXPENSES

(1,182,680)

(1,153,785)

This item includes social contributions on the new stock option subscription and/or bonus share allocation plans for an amount of: (1) -€45 thousand in 2021 for the period’s new plan, allocated to executive corporate officers; -€91 thousand in 2020 (of which -€23 thousand for executive corporate officers). See Notes 5.2.3 “Share-based payments” and 7.3.1 “Compensation paid to senior executives and executive and other corporate officers“.

4.4 This item corresponds mainly to:

Amortization of intangible assets acquired

the amortization over seven years of contractual customer relationships ● and over fifteen years for the brand recognized on the takeover of HBPO in July 2018. The “Technology” intangible asset of the Austrian company “Plastic Omnium New Energies Wels GmbH” acquired on March 1, 2021 (see Note 2.2.2.1.2 “Allocation of the acquisition price” in “Other significant events of the period”) will be amortized over twelve years from the start of series production.

the amortization over six years of contractual customer relationships ● recognized on the takeover in July 2016 of the Faurecia Group Exterior Systems business;

2021 (547)

2020 (547)

In thousands of euros

Amortization of brands

Amortization of contractual customer relationships

(19,157)

(21,846)

TOTAL AMORTIZATION OF INTANGIBLE ASSETS ACQUIRED

(19,704)

(22,393)

4.5

Share of profit (loss) of associates

March 1, 2021 (see Note 2.2.2.1 in “Other significant events of the period”). Share of profit (loss) of associates and joint ventures breaks down as follows (please refer to Note 5.1.5 for “Equity investments in associates and joint ventures” in the Balance Sheet):

and joint ventures

The associates Chengdu Faway Yanfeng Plastic Omnium and Dongfeng Plastic Omnium Automotive Exterior are included in the YFPO joint ventures and the EKPO Fuel Cell Technologies joint venture since

2021 % Interest

2020 % Interest

2021

2020

In thousands of euros

HBPO – SHB Automotive Modules

33.34%

33.34%

2,632

1,601

HICOM HBPO Sdn Bhd (1)

34.00%

26.66%

-

91

JV Yanfeng Plastic Omnium and its subsidiaries – joint venture

49.95%

49.95%

40,039

22,451

BPO AS – joint venture

49.98%

49.98%

3,574

4,958

EKPO Fuel Cell Technologies (2)

40.00%

-

(3,442)

-

TOTAL SHARE OF PROFIT/(LOSS) OF ASSOCIATES AND JOINT VENTURES

42,803

29,101

HBPO Hicom was accounted using the equity method until the end of September 2020. With the takeover by the Group on October 1, 2020, the company is now (1) fully consolidated. See Notes 2.2.2.1.4 et 4.4 in the “Other significant events of the period”. This share of profit does not include any amortization of the “Technology” intangible (2) asset recognized in the acquisition price allocation that will start in 2022 in line with the start of production.

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PLASTIC OMNIUM UNIVERSAL REGISTRATION DOCUMENT 2021