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2020 Universal Registration Document

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2020 Universal Registration Document SHAPING THE FUTURE OF MOBILITY REVOLUTION POWERED BY PLASTIC OMNIUM 2020 UNIVERSAL REGISTRATION DOCUMENT Including the integrated report, the annual financial report, the corporate governance report, the statement of non-financial performance INTEGRATED REPORT 3 !""#" % AFR !"" !"""! !"# 6.1 Comments on the statutory financial "!#!!!! statements 268 6.2Balance sheet 269 1.12020 key figures 48 AFR 6.3Income statement 271 1.2History and development of the Group 50 6.4 Notes to the statutory financial 1.3Organization chart 52 statements 272 1.4Significant events 53 6.5Five-year financial summary 287 AFR 1.5Businesses 56 6.6Table of subsidiaries and affiliates 288 AFR 1.6Objectives and strategy 58 6.7 Statutory auditors’ report 1.7Research and Development (R&D) 60 AFR on the financial statements 290 6.8 Special report of the Statutory Auditors !" !" AFR on related party agreements 295 2.1Main risk factors 64 2.2 Internal control procedures and risk "! management 68 7.1Share capital information 298 2.3 Financial risks related to the effects 7.2Shareholder information 298 of climate change 72 7.3The Plastic Omnium share 298 7.4Relations with the financial community 301 AFR "$ 7.5 Financial communication 3.1 Composition and conditions and shareholders’ calendar 302 for the preparation and organization 7.6Contacts 302 of the work of the Board of Directors 74 3.2 Compensation of members of the Board ! !" of Directors and executive directors 98 8.1Agenda 304 3.3 Additional information on corporate governance 120 8.2 Text of the resolutions submitted for approval by the Combined 3.4Corporate Governance Code 122 Shareholders’ Meeting on April 22, 3.5Information on share capital 123 2021 305 3.6 Shareholding structure of Compagnie 8.3 Board of Directors’ report Plastic Omnium SE 128 on the resolutions presented to the Combined Shareholders’ Meeting on April 22, 2021 315 !""" SNFP 8.4 Report of the Statutory Auditors on the authorization to award stock 4.1Highlights 130 options 324 4.2The business model 132 8.5 Report of the statutory Auditors 4.3The strategy 137 on award of free existing or to be issued 4.4Operational excellence 144 shares 325 4.5Innovation 146 8.6 Statutory Auditors’ report on the issue 4.6The ACT FOR ALLTM program 148 of shares and/or various securities with and/or without cancellation 4.7Methodology 174 of the preferential subscription rights 326 4.8Cross-reference table 176 8.7 Statutory Auditors’ report on the issue 4.9Report from the Independent Third Party 178 MG of shares and/or securities reserved for members of a company savings plan 328 !" AFR 8.8 Ratification of the bylaws of Compagnie !"""! Plastic Omnium SE as of February 25, 2021 329 5.1 Comments on the financial year and outlook 184 RFA 5.2 Consolidated financial statements " " at December 31, 2020 190 9.1General information about the Company 336 5.3 Statutory auditors’ report on the 9.2 List of regulated information published consolidated financial statements 262 during the last 12 months 339 9.3 Person responsible for the Universal AFR Registration Document 340 AFR The items in the Annual Financial Report are identified CROSS-REFERENCE TABLES 341 in the summary using the AFR pictogram GLOSSARIES 347 The items in the Management Report are identified MG in the summary using the MG pictogram The Statement of Non-Financial Performance is identified SNFP in the summary using the SNFP pictogram This logo recognises the most transparent Universal Registration Documents according to the criteria of the Classement Annuel de la Transparence (http://www.grandsprixtransparence.com). www.plasticomnium.com World leading automative supplier for its three business lines, Plastic Omnium operates in 25 countries with 135 plants, located close to its clients. Plastic Omnium develops solutions for the car of the future, which will be clean and connected. UNIVERSAL REGISTRATION DOCUMENT 2020 Including: the integrated report, the annual financial report, the report on corporate governance, the Statement of Non-Financial Performance This Universal Registration Document was filed on March 11, 2021 with the AMF (French Financial Markets Authority), as the competent authority under Regulation (EU) 2017/1129, without prior approval pursuant to Article 9 of said Regulation. The Universal Registration Document may be used for the purposes of an offering of securities to the public or the admission of securities for trading on a regulated market if accompanied by a transaction memorandum and, where applicable, a summary and all changes made to the Universal Registration Document.This set of documents is then approved by the AMF in accordance with (EU) ruling 2017/1129. Pursuant to Article 19 of Regulation (EU) 2017/1129, the following information is incorporated by reference in this Universal Registration Document: 1 The consolidated financial statements and corporate financial statements for the year ended December 31, 2019 and the corresponding audit results appearing on pages 166 to 275 (inclusive) of the 2019 universal registration document filed with the AMF on March 10, 2020 under the reference number D.20-0120; 1 The consolidated financial statements and corporate financial statements for the year ended December 31, 2018 and the corresponding audit results appearing on pages 133 to 253 (inclusive) of the 2018 registration document filed with the AMF on March 12, 2019 under the reference number D.19-0139. This is a translation into English of the Universal registration document of the company issued in French and it is available on the website of Compagnie Plastic Omnium SE. PLASTIC OMNIUM UNIVERSAL REGISTRATION DOCUMENT 2020 1 2 PLASTIC OMNIUM UNIVERSAL REGISTRATION DOCUMENT 2020 www.plasticomnium.com Integrated Report TRANSFORMING TO INVENT THE SUSTAINABLE MOBILITY OF THE FUTURE 5 AGILE AND RESILIENT 6 DETERMINATED AND AMBITIOUS 8 EFFECTIVE AND FULLY COMMITTED GOVERNANCE 10 STEP CHANGE FOR THE INDUSTRY 12 AT THE HEART OF THE MOBILITY INDUSTRY’S TRANSFORMATION 14 AN EXECUTIVE COMMITTEE ACTIVE ON SEVERAL FRONTS 18 RENEWED MOMENTUM 20 THE AUTOMOTIVE: DRIVING SUSTAINABLE MOBILTY 22 RISK CONTROL: A KEY FIGURE 24 RESPONSIVE AND LOCAL 26 INNOVATION: BOOSTING CONTENT AND VALUE 28 RESPONSIBILITY AND SUPPORT 30 INNOVATE TO OPEN UP NEW HORIZONS 32 DESIGN & INTERACTIVITY 34 ACTION FOR THE ENERGY TRANSITION 36 A KEY ENERGY TRANSITION PLAYER 38 INVENTING “NEXT GENERATION” MODULES 40 MODULES AND CUSTOMIZATIONS 42 FINANCIAL AND NON-FINANCIAL PERFORMANCE 44 PLASTIC OMNIUM UNIVERSAL REGISTRATION DOCUMENT 2020 3 4 PLASTIC OMNIUM UNIVERSAL REGISTRATION DOCUMENT 2020 www.plasticomnium.com INTEGRATED REPORT Transforming to invent the sustainable mobility of the future TRANSFORMING TO INVENT THE SUSTAINABLE MOBILITY OF THE FUTURE Mobility is undergoing a profound change. It is transforming under the combined effect of climate concerns, the energy transition and disruptive technologies. Now more than ever, the automobile is the pivot and driver of future mobility. At the heart of this sustainable mobility ecosystem, Plastic Omnium is consolidating. World leader across its three businesses, the Group is actively contributing to this clean and connected mobility. In a constantly moving world, where the lines are forever being redrawn, we are transforming from top to bottom, changing our products, our processes and our relationship with the world. We are accelerating the implementation of our innovation strategy to invent the car of the future. We are sharpening our organization to increase our agility and operational excellence. We are deepening our commitment and entrenching our solidarity with our stakeholders by ramping up our ACT FOR ALL™ program. It is this agility, innovation and commitment that enabled us to stand strong and reinvent ourselves in 2020, and will enable us to accelerate our transformation in 2021. Reinventing mobility. PLASTIC OMNIUM UNIVERSAL REGISTRATION DOCUMENT 2020 5 INTEGRATED REPORT KEY FIGURES 3 businesses, Agile 3 world leaders Design & interactivity and Integrated functions and connectivity 43% of revenue resilient 22 million bumpers produced annually. Or 1 in 6 produced worldwide. The leader in sustainable, connected mobility, Sustainable mobility Plastic Omnium is inventing Energy storage and emission reduction the car of the future. In 2020, Clean energy solutions the Group accelerated its 30% of revenue transformation to overcome 18 million tanks produced annually. the crisis and remain ahead or 1 in 4 fuel tanks produced worldwide. of technological disruption in the automobile industry. Modularity and customization Development, assembly and logistics of complex and customized modules 27% of revenue 5 million front-end modules assembled annually. Or 1 in 5 assembled worldwide. Resilient 2020 results €7.7 Bn REVENUE -14% like-for-like +3 POINTS €648 m OUTPERFORMANCE EBITDA Plastic Omnium vs. market -17% REDUCTION €34 m €2.6 Bn IN PRODUCTION WORLDWIDE FREE CASH FLOW LIQUIDITY €118 m €807 m 41% OPERATING MARGIN NET DEBT GEARING 6 PLASTIC OMNIUM UNIVERSAL REGISTRATION DOCUMENT 2020 www.plasticomnium.com INTEGRATED REPORT Agile and resilient PLASTIC OMNIUM UNIVERSAL REGISTRATION DOCUMENT 2020 7 Laurent BURELLE Chairman of the Board of Directors MESSAGE FROM THE CHAIRMAN Determined and ambitious In 2020, Plastic Omnium showed resilience and agility as the automotive market underwent a historic decline. Independent and well positioned in future technologies, the Group is master of its own destiny. 8 PLASTIC OMNIUM UNIVERSAL REGISTRATION DOCUMENT 2020 www.plasticomnium.com
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