Plastic Omnium // 2022 Notice of Meeting

BRIEF PRESENTATION

COMMENTS ON THE 2021 CONSOLIDATED FINANCIAL STATEMENTS

OUTPERFORMANCE OF ACTIVITIES IN KEY MARKETS IN A VOLATILE ENVIRONMENT – STRONG CASH GENERATION

2020

2021

Change

In millions of euros

+3.7% + 4.6 % LfL 2 +2.3% + 3.3 % LfL 2

Economic revenue 1

7,732

8,017

Consolidated revenue 4

7,073

7,233

Operating margin 3

118

303

+€185m

% of consolidated revenue 4

1.7%

4.2%

+2.5 pts

Net result – Group share

(251)

126

+€377m

EBITDA 6

648

771

+€123m

% of consolidated revenue 4

9.2%

10.7%

+1.5 pt

Investments

374

294

-€80m

Free cash-flow 5

34

251

+€217m

Net debt 7 at 12/31

807

854

+€47m

Net debt 7 /equity

41%

41%

stable

Net debt 7 /EBITDA 6

1.2

1.1

-0.1

EBITDA 6 totaled €771 million in 2021 (10.7% of consolidated revenue 4 ) versus €648 million (9.2% of consolidated revenue 4 ) in 2020. The Industries business line posted an EBITDA 6 rate of 12.9% compared to 11% in 2020. In the second half of the year, EBITDA 6 amounted to €310 million (9.0% of revenue) as opposed to €477 million in the second half of 2020 (11.6% of revenue) and €461 million in the first half of 2021 (12.2% of revenue). In 2021, operating margin totaled €303 million and represented 4.2% of consolidated revenue 4 , of which €271 million for Plastic Omnium Industries (5.2% of revenue) and €32 million for Plastic Omnium Modules (1.6% of revenue), an assembly activity whose performance should be assessed in relation to its low capital intensity. NET RESULT - GROUP SHARE: €126 MILLION The Group recorded €56 million in non-recurring expenses in 2021 compared to €334 million in 2020. The sharp reduction between 2020 and 2021 is due to the absence in 2021 of significant assets write-downs, unlike in 2020, when the drop in volumes due to the pandemic and the assumption of a slow recovery scenario in worldwide automotive production led the Group to adjust the value of the assets concerned. Net financial expenses amounted to -€51 million in 2021 (0.7% of revenue) compared to -€69 million in 2020 as a result of a lower average cost of debt. Tax expenses amounted to -€60 million compared to a tax income of €31 million in 2020 related to the effects of deferred taxes. Net result group share amounted to €126 million in 2021 compared to a loss of €251 million in 2020, related to a write-down of assets of €255 million. In the 2 nd half of 2021, in a context of deteriorating market conditions, net result group share amounted to -€16 million, a loss limited by the flexibility and cost optimization initiatives.

ECONOMIC REVENUE 1 €8,017 MILLION, UP 4.6% AT CONSTANT SCOPE AND EXCHANGE RATES 2 In 2021, the semiconductor shortage reduced worldwide automotive production by 9.6 million vehicles compared to forecasts at the beginning of the year. This amounted to 74.1 million vehicles compared to 71.5 million in 2020, the year in which the pandemic emerged. In this context, Plastic Omnium’s business activities fared significantly better than automotive production in Europe (outperformance of 5.3 points), North America (outperformance of 2.9 points), China (outperformance of 4.1 points) and Asia excluding China (outperformance of 10.3 points). The Group's economic revenue 1 (with share of revenue from joint ventures, particularly in China), amounted to €8,017 million, up 3.7%, and 4.6% at constant scope and exchange rates 2 compared to 2020. Plastic Omnium's consolidated revenue 4 amounted to €7,233 million in 2021, up 3.3% at constant scope and exchange rates 2 . RESILIENT FINANCIAL PERFORMANCE The volatility of the markets in 2021, and the weak rebound, as a result of the global shortage of semiconductors, led Plastic Omnium to production spikes (stop&go) and plant closures over several weeks. At the same time, the Group recorded increases in the prices of raw materials and transportation in several countries. The impact of these exogenous factors is estimated at €160 million, with production stoppages representing the majority of these costs. In addition to flexibility improvement measures, the OMEGA transformation plan, initiated in 2020, enabled the Group to limit the financial impact of production losses, notably through the two key initiatives, indirect purchasing and design and development. The plan contributed to €100 million in annual run-rate savings in 2021.

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PLASTIC OMNIUM Notice of meeting 2022