www.grupoantolin.com GRUPO ANTOLIN

2017Annual report

http://annualreportgrupoantolin.com/2017 GLOBAL

GRUPO ANTOLIN 2017 CONSOLIDATED SALES

5,037 millions of € OVERVIEW EBITDA LETTER 466 millions of € COMPANY EBIT Corporate Governance Management Team

Vision and Values millions of € Corporate Ethics and Integrity 291 History INVESTMENT Relevant Facts

millions of € BUSINESS 333 Global Automotive Market Business Model and Stakeholders EMPLOYEES Activity in 2017 2017 Figures 27,951 INNOVATION COUNTRIES Innovative Interior Customer Commitment Strategy 25 CENTERS PEOPLE The Value of People Connected to the Future

Human Resources in Figures 151 TECHNICAL COMMITMENT SALES The Responsible Value Cycle OFFICES Respect for Human Rights GLOBALIZE Well-being, Health and Safety ZERO Environmental Commitment GREEN FOOTPRINT 22 Sustainable Contribution INNOVERSIA

PROFILE OF THE REPORT annual report 2 LETTER FROM THE CHAIRMAN

GRUPO ANTOLIN 2017

OVERVIEW

LETTER

COMPANY Corporate Governance Management Team ERNESTO ANTOLIN ARRIBAS Vision and Values Corporate Ethics and Integrity History Europe continues to be our most important market with Relevant Facts Last year Grupo Antolin continued to sales of 2,705 million euros followed by NAFTA with strengthen its position as one of the 1,738 million; the Asia-Pacific Region, 488 million; Mer- BUSINESS largest manufacturers of car interiors in cosur, 81 million; and Africa, 26 million. Global Automotive Market Business Model and Stakeholders the world. Thanks to the effort and hard With these figures, Grupo Antolin has strengthened its Activity in 2017 work of the company's nearly 28,000 2017 Figures position as the largest overhead system manufacturer employees and our firm commitment in the world and the European leader in lighting for the INNOVATION to innovation, we have become a key car interior. Innovative Interior supplier in the global automotive industry. Customer Commitment Investment exceeded 330 million euros as part of the Strategy plan that will reach 900 million euros between 2017 and 2019. The aim is to expand our industrial and com- PEOPLE During 2017, we achieved a solid result, maintaining mercial operations to accompany our customers in their The Value of People our profitability levels and making firm progress with product launches and strengthen our commitment to Connected to the Future the business plan we have in place. Sales stood at 5,037 R&D and innovation. Human Resources in Figures million euros and EBITDA grew to 466 million euros. In 2017, we started the construction of the Shelby COMMITMENT The company's four business units supplied compo- plant (United States) for the manufacture of the door The Responsible Value Cycle Respect for Human Rights GLOBALIZE nents for about 80 models that reached the market, panels and overhead systems for the Dodge RAM Well-being, Health and Safety ZERO with quality being the great differentiating value. The 1500 Pick up, the largest project in the history of Environmental Commitment GREEN FOOTPRINT result is that our products are present in nine of the ten Grupo Antolin, and this will begin operating in 2018. Sustainable Contribution INNOVERSIA best-selling cars in the market. We are also expanding our industrial network in the

PROFILE OF THE REPORT annual report 3 GRUPO ANTOLIN 2017

United States with the new factory in Alabama, which During 2017, we also took important will start producing components for Mercedes and steps to professionalize and improve Honda in 2018. In addition, we have strengthened our the management of the company. We position in other key markets such as China. OVERVIEW set up an Advisory Board composed Our strategy looks to the future, with the aim of taking of five external directors who will LETTER advantage of all the challenges that lie ahead. This is support the work of the Board of always supported by the family nature of the company, Directors. We also created the Ethics, COMPANY which ensures that we take decisions with a long-term Corporate Governance vision. At Grupo Antolin we are all aware that the car Corporate Governance, Compliance Management Team and its industry are experiencing the greatest transfor- Vision and Values and Corporate Social Responsibility Corporate Ethics and Integrity mation in their history. The self-driving and connect- Committee, which is in addition to History ed vehicle, the electrification of cars, the new mobility the Audit and Appointments and Relevant Facts models and Industry 4.0 will change our sector com- pletely. The result is that the vehicle of the future will be Remuneration Committees. BUSINESS a space where drivers will spend a lot of time and it will Global Automotive Market need to incorporate new functions. Therefore, its inte- Business Model and Stakeholders rior will undergo a profound transformation and will In our firm commitment to training and to attracting and Activity in 2017 2017 Figures gain more prominence. Grupo Antolin is in a privileged developing talent as key aspects of our strategy, last year position to take advantage of this change. we opened our second Dual Vocational Training Center in INNOVATION Burgos (Spain) to train professionals in the company's Innovative Interior Our strengths to tackle this revolution, which is already tak- main technologies and production processes. This center Customer Commitment ing place, are based, above all, on innovation. Our R&D and is in addition to the existing one in Germany. Strategy innovation teams in the centers in Spain, the United States, France, China and Germany are already working to develop We also continue to launch numerous sustainability in- PEOPLE innovative solutions to improve the onboard experience of itiatives as part of our firm commitment to our environ- The Value of People the vehicle. The goal is to develop interiors with the best ment and to the society in which we operate. Connected to the Future technology and materials and offering new solutions. Human Resources in Figures With all these strengths, Grupo Antolin is ready to lead The second great strength of Grupo Antolin is the team. the interior of the car of the future. We want the Made in COMMITMENT Our greatest asset is the around 28,000 employees that Grupo Antolin seal, our brand, to be recognized through- The Responsible Value Cycle Respect for Human Rights GLOBALIZE we have in all the major car producing countries. We out the entire automotive industry as synonymous with Well-being, Health and Safety ZERO have the best professionals who are perfectly trained to excellence and quality in all areas of the business. As a Environmental Commitment GREEN FOOTPRINT tackle the future challenges of the sector resulting from result, car manufacturers will use our innovative prod- Sustainable Contribution INNOVERSIA the digitalization of products and factories. ucts when designing their vehicles of the future.

PROFILE OF THE REPORT annual report 4 COMPANY CORPORATE GOVERNANCE MANAGEMENT TEAM VISION AND VALUES CORPORATE ETHICS AND INTEGRITY HISTORY RELEVANT FACTS

GRUPO ANTOLIN annual report 2017 5 CORPORATE GOVERNANCE GRUPO ANTOLIN 2017

OVERVIEW

LETTER Being a 100% family COMPANY company with the Corporate Governance desire to be the Management Team Vision and Values leading company for Corporate Ethics and Integrity car interiors requires History Article 5.7 of the Regulations of the Board of Directors of Grupo Antolin and Relevant Facts levels of responsibility, its Delegated Committees, within its powers, specifies that “the principle transparency and good that will govern the actions of the directors at all times will be the maximi- BUSINESS governance aligned zation of the value of the company and its group, in a sustained manner, in Global Automotive Market the common interest of all shareholders, overseeing the development of Business Model and Stakeholders with the creation of the business activity and ensuring the future viability and competitiveness Activity in 2017 2017 Figures sustainable value in the of the company and its group”. This maximization of value in a sustained increasingly global and manner over time, together with ensuring the future viability and competi- INNOVATION competitive automotive tiveness of the company, is the way in which our business model understands the continuous creation of value for each and every one of the stakeholders Innovative Interior and mobility markets. Customer Commitment involved, directly and indirectly, as a consequence of our activity. Strategy Markets where our ability to meet the demands of This is the context in which the good corporate governance concept emerged PEOPLE the environment require in Grupo Antolin, showing a commitment to the business project and also as The Value of People a way of understanding that the management of the business in an ethical, in- Connected to the Future the implementation tegral and transparent manner is a means to generate long-term wealth from Human Resources in Figures of good, effective a global and local perspective. A fundamental part of the corporate social governance mechanisms responsibility model, good corporate governance contributes to the growth COMMITMENT of the business from the triple perspective of economic, social and environ- The Responsible Value Cycle that make corporate mental sustainability, thanks to an alignment between shareholders, direc- Respect for Human Rights GLOBALIZE governance a strategic Well-being, Health and Safety ZERO tors, executives and the rest of the stakeholders. In an evolutionary way, good Environmental Commitment GREEN FOOTPRINT instrument to achieve our corporate governance in Grupo Antolin is becoming a differentiating value for Sustainable Contribution INNOVERSIA vision as a company. the competitiveness, profitability and efficiency of the business project. PROFILE OF THE REPORT annual report 6 GRUPO ANTOLIN 2017

OUR CORPORATE GOVERNANCE MODEL The Grupo Antolin Corporate Governance Model comprises the set of rules and principles that ensure the proper functioning of the governing and ad- OVERVIEW ministrative bodies of the company. It incorporates all of the internal regula- tions of the company and of Grupo Antolin, which are composed of: During the 2017 financial LETTER · The Articles of Association year, progress has been made in the voluntary COMPANY · The Corporate Policies that implement the principles on which Corporate Governance the system is based adaptation of part of the Management Team Vision and Values · The internal Corporate Governance rules internal regulations and Corporate Ethics and Integrity the functioning of the History · The other internal codes, processes and procedures required Relevant Facts or recommended by sector-related provisions or those enacted governing bodies to the to implement the previous standards and principles, approved by latest good governance BUSINESS the competent bodies recommendations and Global Automotive Market Business Model and Stakeholders · The Regulations of the Board of Directors and of the Delegated the most recent trends in Activity in 2017 Committees corporate governance. 2017 Figures It should be added that the Boards of Directors of the holding companies that own INNOVATION 100% of the share capital of the company are part of the corporate governance. Innovative Interior The representatives of the family participate in these, which analyze, debate and Customer Commitment make decisions about the activity and future of the company. Strategy Expansion of the Advisory Board PEOPLE FAMILY BRANCH Protocol First Corporate The Value of People Governance Connected to the Future Corporate Governance Committee Human Resources in Figures 2013 2014 2015 2017 Project 2018 meeting held

COMMITMENT Acquisition of Magna Interiors The Responsible Value Cycle ANIRA Creation of the Advisory Board Respect for Human Rights GLOBALIZE Departure First Bond issue €400 million Second Bond issue Map of activities, BOARD and COMMITTEES Well-being, Health and Safety ZERO HOLDING Environmental Commitment GREEN FOOTPRINT COMPANY Generational change Cancellation first Bond New Sustainable Contribution INNOVERSIA Protocol Bond Issue Grupo Antolin Better conditions PROFILE OF THE REPORT Seats Business Unit Sale annual report 7 GRUPO ANTOLIN 2017 GOVERNANCE STRUCTURE 2017 ACTIVITY COMPOSITION OF THE GENERAL SHAREHOLDERS' MEETING GENERAL SHAREHOLDERS' MEETING 100% FAMILY This represents all the shareholders and exercises the corresponding functions as the highest body in the company, as set out in the Articles of Association. MEETINGS IN 2017 OVERVIEW

BOARD OF DIRECTORS 3 LETTER Comprised of five members elected by the General Shareholders' Meeting who hold their position for a renewable six year term, its activity focuses on MEMBERS COMPANY the general function of governance and administration, strategic decisions OF THE BOARD Corporate Governance in the daily management of the company, as well as supervision and consid- Management Team OF DIRECTORS eration of those matters of particular importance to the company. With the Vision and Values Corporate Ethics and Integrity broadest powers and functions to manage, direct, administrate and repre- MEMBERS History sent the company, it entrusts the daily management of the company to the 5 OF WHICH: Relevant Facts Chief Executive Officer and the Management Committee. WOMEN BUSINESS 3 Global Automotive Market CHAIRMAN Ernesto Antolin Arribas representing CANEA, S.L. MEN Business Model and Stakeholders 2 Activity in 2017 VICE-CHAIR Maria Helena Antolin Raybaud representing INJAT, S.L. 2017 Figures MEMBERS Ana Berta Antolin Arribas representing AMPABER, S.L. INDEPENDENT INNOVATION Emma Antolin Granet representing AGRÍCOLA CINEGÉTICA SAN QUIRCE, S.L ADVISORY Innovative Interior Jesús Pascual Santos (Chief Executive Officer) DIRECTORS Customer Commitment Strategy ADVISORY DIRECTORS (Non-members of the Board) Emilio Ontiveros Baeza and José Manuel Temiño Estefanía 2 PEOPLE NON-BOARD MEMBER SECRETARY Pablo Ruiz Ferreiro The Value of People MEETINGS Connected to the Future NON-BOARD MEMBER VICE-SECRETARY Alberto Guerra San José Human Resources in Figures Average length IN 2017 of service Spanish Average Over of the Board COMMITMENT Representation Nationality Independents age 45 members 10 The Responsible Value Cycle Men 2 2 0 53.50 2 40% 16.25 Respect for Human Rights GLOBALIZE Well-being, Health and Safety ZERO Women 3 2 0 45.33 2 40% 8.67 Environmental Commitment GREEN FOOTPRINT Sustainable Contribution INNOVERSIA TOTALS 5 4 0 48.60 4 80% 11.70

PROFILE OF THE REPORT Figures as of 12/31/2017 annual report 8 GRUPO ANTOLIN 2017 GOVERNANCE STRUCTURE 2017 ACTIVITY

Pablo Ruiz Ferreiro José Manuel Temiño Estefanía NON-BOARD MEMBER SECRETARY ADVISORY DIRECTOR Ana Berta Antolin Arribas Ramón MEMBER OF THE BOARD OF Sotomayor DIRECTORS Emilio Jaúregui Ernesto Antolin ADVISORY OVERVIEW Ontiveros Arribas Baeza DIRECTOR * CHAIRMAN ADVISORY María Helena Antolin DIRECTOR LETTER Raybaud VICE-CHAIR COMPANY Corporate Governance Management Team Vision and Values Corporate Ethics and Integrity History Relevant Facts

BUSINESS Global Automotive Market Business Model and Stakeholders Activity in 2017 2017 Figures

INNOVATION Innovative Interior Customer Commitment Strategy

PEOPLE The Value of People Connected to the Future Emma Antolin Granet Human Resources in Figures Alberto Guerra San José MEMBER OF THE BOARD OF NON-BOARD MEMBER VICE- DIRECTORS SECRETARY COMMITMENT The Responsible Value Cycle Bernardo José Respect for Human Rights GLOBALIZE Jesús Pascual Santos Carmen Gómez de Barreda Villazán Gil Well-being, Health and Safety ZERO MEMBER OF THE BOARD ADVISORY DIRECTOR * ADVISORY DIRECTOR * Environmental Commitment GREEN FOOTPRINT OF DIRECTORS Sustainable Contribution INNOVERSIA

BOARD OF DIRECTORS IN 2018 PROFILE OF THE REPORT * 1 January 2018. Addition of three new Independent Advisory Directors to the Advisory Board, who in turn will be part of the three delegated committees in their consultative and advisory role. annual report 9 GRUPO ANTOLIN 2017 GOVERNANCE STRUCTURE 2017 ACTIVITY

MEMBERS OF THE AUDIT COMMITTEE AUDIT COMMITTEE

This is a delegated committee of the Board of Directors, chaired by an 7 MEMBERS independent advisory director. It is responsible for supervising internal OF WHICH: control, risk management, internal financial reporting management sys- INDEPENDENT tem (FRMS) and external audit, coordinating with the Ethics, Corporate 2 OVERVIEW ADVISORY Governance, CSR and Compliance Committee in the analysis of conflicts DIRECTORS of interest. LETTER 1 WOMAN COMPANY 6 MEN Corporate Governance APPOINTMENTS AND REMUNERATION Management Team MEETINGS Vision and Values COMMITTEE IN 2017 Corporate Ethics and Integrity History This is a delegated committee of the Board of Directors, chaired by an in- Relevant Facts dependent advisory director. It has powers to evaluate the remuneration 5 policies of the company and responsibility for nominating candidates for BUSINESS the Advisory Board and the Board of Directors, as well as for analyzing Global Automotive Market candidates for senior management roles. Business Model and Stakeholders Activity in 2017 MEMBERS OF THE 2017 Figures APPOINTMENTS AND REMUNERATION COMMITTEE INNOVATION Innovative Interior Customer Commitment MEMBERS Strategy 5 OF WHICH:

PEOPLE INDEPENDENT 2 ADVISORY The Value of People DIRECTORS Connected to the Future Human Resources in Figures 5 MEN COMMITMENT The Responsible Value Cycle Respect for Human Rights GLOBALIZE MEETINGS Well-being, Health and Safety ZERO IN 2017 Environmental Commitment GREEN FOOTPRINT Sustainable Contribution INNOVERSIA 5 PROFILE OF THE REPORT annual report 10 GRUPO ANTOLIN 2017 GOVERNANCE STRUCTURE 2017 ACTIVITY

OVERVIEW

LETTER THE FUTURE, OUR PRESENT COMPANY 2017 Corporate Governance Management Team · Implementation of the CPP - Crime Prevention Plan. The CPP is defined Vision and Values Corporate Ethics and Integrity in the Compliance project that began in 2016 as an extension of the History Criminal Offences Organization and Prevention Model approved by the Relevant Facts Board of Directors on October 5, 2015.

BUSINESS · Adaptation of the operation of the Audit and Appointments and Remu- CREATION OF THE Global Automotive Market neration Committees of the Board of Directors to reflect best practice in ADVISORY BOARD, made Business Model and Stakeholders corporate governance. Activity in 2017 up of external advisers 2017 Figures to provide support · Gradual adaptation to the corporate governance requirements poten- and assistance for the INNOVATION tially required from public interest entities (PIE). Innovative Interior adoption of strategic Customer Commitment · Renewal and updating of the Regulations of the Board of Directors and decisions by the Board of Strategy its Delegate Committees to reflect the best national and international Directors. good governance practices. PEOPLE The Value of People · Analysis of the most important aspects in the field of sustainability for Connected to the Future Grupo Antolin at the current time and in the future, from an internal Human Resources in Figures and external perspective, in order to incorporate them into the manage- ment of the company. COMMITMENT The Responsible Value Cycle Respect for Human Rights GLOBALIZE · Include the Corporate Social Responsibility function within the respon- Well-being, Health and Safety ZERO sibilities of the Board of Directors. Environmental Commitment GREEN FOOTPRINT Sustainable Contribution INNOVERSIA · Approval of the new Grupo Antolin Vision and Values.

PROFILE OF THE REPORT annual report 11 GRUPO ANTOLIN 2017 GOVERNANCE STRUCTURE 2017 ACTIVITY

PROJECT ETHICS, CORPORATE OVERVIEW GOVERNANCE, 2018 COMPLIANCE AND CSR LETTER · Creation of the Ethics, Corporate Governance, Compliance and CSR COMMITTEE (CGC) This Committee (CGC) chaired by an independent advisory director. COMPANY is a delegated committee Corporate Governance of the Board of Directors, · Analysis and proposal of the 2022 Strategic Plan for approval by the Management Team Board of Directors. Vision and Values chaired by an independent Corporate Ethics and Integrity advisory director and History · Coordination of the functioning of the Delegate Committees of the Board Relevant Facts with powers to supervise of Directors for the implementation of the guidelines established in the compliance with the Regulations of the Board and its Delegate Committees. BUSINESS corporate governance Global Automotive Market · Entry into force of the Privacy Project adapted to the European Regula- Business Model and Stakeholders rules and the internal tion for the Protection of Personal Data. This is corporate in nature but Activity in 2017 2017 Figures codes of ethics. Among with a global reach to all Grupo Antolin companies. other functions, it is INNOVATION also responsible for the · Addition of three new independent advisory directors to the Advisory Board who, in turn, will form part of the three delegated committees in Innovative Interior regular supervision of Customer Commitment their consultative and advisory role. Strategy the compliance programs and the supervision · Establishment of the best recommendations in good corporate govern- PEOPLE of the company's ance regarding the organic decision-making structure within the Board The Value of People of Directors and the General Shareholders' Meeting. Connected to the Future environmental and Human Resources in Figures corporate responsibility · Review of the policies of the company and its group. policies, ensuring their COMMITMENT · Launch of Grupo Antolin's Values ​​Award. The Responsible Value Cycle focus on the creation of Respect for Human Rights GLOBALIZE value. Responsible for the Well-being, Health and Safety ZERO · Approval of the corporate social responsibility strategic lines that con- Environmental Commitment GREEN FOOTPRINT supervision of the GoCo stitute the Grupo Antolin Sustainability Master Plan 2018-2021, as part Sustainable Contribution INNOVERSIA Annual Report. of the company's Strategic Plan. PROFILE OF THE REPORT annual report 12 GRUPO ANTOLIN 2017 GOVERNANCE STRUCTURE 2017 ACTIVITY

GOOD RESULTS AND A POSITIVE OUTLOOK IN THE FACE OF CURRENT OVERVIEW CHALLENGES WHAT ARE THE KEY LETTER ADVISORY BOARD Consultative and advisory body to the SUCCESS FACTORS? Board of Directors, to which it reports organizationally GOOD CORPORATE COMPANY GOVERNANCE Corporate Governance and operationally. It is responsible for advising on all STRUCTURES Management Team AND PROCESSES Vision and Values types of activities and businesses undertaken by the 95% Corporate Ethics and Integrity MAINTAINING History company and its group, with its members sitting on CONTROL OF THE Relevant Facts the different Delegate Committees which also report BUSINESS WITHIN THE FAMILY to the Board of Directors, assuming the role of Chair 93% BUSINESS in them. It also meets independently to the Board of COMMUNICATION Global Automotive Market BETWEEN GENERATIONS Business Model and Stakeholders Directors, in order to raise different suggestions and 93% Activity in 2017 BALANCE BETWEEN FAMILY 2017 Figures recommendations within its advisory work. CONCERNS AND THE INTERESTS OF THE BUSINESS INNOVATION 90% Innovative Interior In relation to the challenges for next year, according to the most authori- PROMOTING THE Customer Commitment tative doctrine on good governance and the latest publications and warn- ENTREPRENEURIAL Strategy NATURE OF ings from experts, the recommendations are centered on listed companies THE FAMILY and relate to three objectives, focused on the General Shareholders' Meet- AND THE BUSINESS 88% PEOPLE ings that take place throughout 2018: The Value of People Source: Barometer of the family business sixth Connected to the Future edition, 2017 1) The implementation of a remuneration plan that is aligned with the Human Resources in Figures long-term interests of the company and its shareholders.

COMMITMENT 2) Strengthening of diversity, in its broadest sense, within the Board of The Responsible Value Cycle Respect for human rights GLOBALIZE Directors. Well-being, Health and Safety ZERO Environmental Commitment GREEN FOOTPRINT 3) The development and correct communication of the Company's Strate- Sustainable Contribution INNOVERSIA gic Plan together with the Sustainability Master Plan.

PROFILE OF THE REPORT annual report 13 MANAGEMENT TEAM

GRUPO ANTOLIN 2017

SENIOR OVERVIEW MANAGEMENT Ernesto Antolin María Helena Antolin Jesús Pascual LETTER CHAIRMAN VICE-CHAIR CHIEF EXECUTIVE OFFICER

COMPANY Corporate Governance Management Team Vision and Values Corporate Ethics and Integrity History Relevant Facts CORPORATE FUNCTIONS BUSINESS They offer global Global Automotive Market services to the business Business Model and Stakeholders units and the regions Activity in 2017 2017 Figures Javier Blanco Cristina Blanco Pablo Ruiz CORPORATE HUMAN CHIEF FINANCIAL CORPORATE LEGAL INNOVATION RESOURCES DIRECTOR OFFICER DIRECTOR Innovative Interior Customer Commitment Strategy

PEOPLE The Value of People Connected to the Future Human Resources in Figures

COMMITMENT The Responsible Value Cycle Respect for Human Rights GLOBALIZE Well-being, Health and Safety ZERO Javier Villacampa Miguel Marañón Miguel Ángel Vicente Juan Carlos González Environmental Commitment GREEN FOOTPRINT CORPORATE CHIEF COMMERCIAL CHIEF OPERATION CORPORATE Sustainable Contribution INNOVERSIA INNOVATION DIRECTOR OFFICER OFFICER INDUSTRIAL DIRECTOR

PROFILE OF THE REPORT annual report 14 GRUPO ANTOLIN 2017

REGIONS They work continuously with the Business Units and are OVERVIEW responsible for providing a local vision

LETTER Pablo Baroja Miguel Marañón Jorge Juárez REGIONAL DIRECTOR REGIONAL DIRECTOR REGIONAL DIRECTOR NAFTA ASIA-PACIFIC REGION COMPANY EUROPE Corporate Governance Management Team Vision and Values Corporate Ethics and Integrity History Relevant Facts BUSINESS UNITS The Business Units are responsible for the BUSINESS standardization of industrial products and Global Automotive Market processes in addition to technical and industrial Business Model and Stakeholders aspects in Europe. Activity in 2017 2017 Figures Pablo García Pedro Santesteban REGIONAL DIRECTOR DIRECTOR OF THE INNOVATION MERCOSUR * OVERHEAD SYSTEMS BU Innovative Interior Customer Commitment Strategy

PEOPLE The Value of People Connected to the Future Human Resources in Figures

COMMITMENT The Responsible Value Cycle Respect for Human Rights GLOBALIZE Well-being, Health and Safety ZERO Fernando Sanz Marta Cuevas Miguel Ángel Prado Environmental Commitment GREEN FOOTPRINT DIRECTOR OF THE DIRECTOR OF THE DIRECTOR OF THE Sustainable Contribution INNOVERSIA DOORS BU LIGHTING BU INSTRUMENT PANELS BU

* In March 2018 and after Pablo García’s appointment as Industrial Director of the Doors & Hard Trim BU, PROFILE OF THE REPORT the Mercosur Regional Office disappeared and its areas become part of the current corporate and BU structure annual report 15 GRUPO ANTOLIN 2017 MANAGEMENT TEAM Pablo García REGIONAL DIRECTOR MERCOSUR Miguel Marañón CHIEF COMMERCIAL OFFICER REGIONAL DIRECTOR EUROPE Miguel Ángel Prado DIRECTOR OF THE INSTRUMENT PANELS BU Pablo Ruiz CORPORATE LEGAL Miguel Ángel Vicente DIRECTOR Fernando Sanz CHIEF OPERATION OFFICER DIRECTOR OF THE DOORS BU OVERVIEW Javier Villacampa Ernesto Antolin Pablo Baroja CORPORATE INNOVATION CHAIRMAN REGIONAL DIRECTOR NAFTA LETTER DIRECTOR

COMPANY Corporate Governance Management Team Vision and Values Corporate Ethics and Integrity History Relevant Facts

BUSINESS Global Automotive Market Business Model and Stakeholders Activity in 2017 2017 Figures

INNOVATION Innovative Interior Customer Commitment Strategy

PEOPLE María Helena Antolin The Value of People Connected to the Future VICE-CHAIR Human Resources in Figures Jesús Pascual CHIEF EXECUTIVE OFFICER

COMMITMENT Javier Blanco Pedro Santesteban The Responsible Value Cycle CORPORATE HR DIRECTOR DIRECTOR OF THE Respect for Human Rights GLOBALIZE Cristina Blanco OVERHEAD SYSTEMS BU Well-being, Health and Safety ZERO Marta Cuevas CHIEF FINANCIAL OFFICER DIRECTOR OF THE LIGHTING BU Environmental Commitment GREEN FOOTPRINT Juan Carlos González Sustainable Contribution INNOVERSIA Jorge Juárez CORPORATE INDUSTRIAL DIRECTOR REGIONAL DIRECTOR ASIA-PACIFIC REGION

PROFILE OF THE REPORT annual report 16 VISION AND VALUES

GRUPO ANTOLIN 2017

OVERVIEW

LETTER

COMPANY Corporate Governance Management Team Vision and Values Corporate Ethics and Integrity History Relevant Facts

BUSINESS The main objectives OUR VISION FOR THE FUTURE IS TO Global Automotive Market BE THE LEADING COMPANY IN CAR Business Model and Stakeholders are to lead the market Activity in 2017 for car interiors and for INTERIORS, CREATING VALUE FOR OUR 2017 Figures customers to think about STAKEHOLDERS. INNOVATION Grupo Antolin when they Innovative Interior want to design the car of Customer Commitment Grupo Antolin has started a new stage by reformulating its Vision and Val- Strategy the future ues. The company has defined the hallmarks that will guide its work and Ernesto Antolin business in the coming years. The path is full of exciting challenges and op- PEOPLE portunities. The Value of People Connected to the Future During the II Global Meeting held in September 2017, Ernesto Antolin, Human Resources in Figures Grupo Antolin must Chairman of Grupo Antolin, together with María Helena Antolin, Vice-Chair demand the most of itself of Grupo Antolin, were in charge of explaining the new Vision: To be the lead- COMMITMENT ing company in car interiors by creating value for our stakeholders. This Vi- The Responsible Value Cycle in terms of innovation, Respect for Human Rights GLOBALIZE technology, quality, sion is the result of our analysis of our strengths and what sets us apart. Well-being, Health and Safety ZERO Environmental Commitment GREEN FOOTPRINT production and talent. This new Vision, together with the five new Values, will guide Grupo Antolin Sustainable Contribution INNOVERSIA María Helena Antolin along a path to success.

PROFILE OF THE REPORT annual report 17 GRUPO ANTOLIN 2017

FAMILY SPIRIT Be humble Our identity Act honestly Respect others Deal with issues fairly OVERVIEW

LETTER PEOPLE Recognize achievements: everyone contributes to success Key to success COMPANY Build a climate of trust Corporate Governance Management Team Vision and Values Be tolerant with mistakes Corporate Ethics and Integrity History Listen, communicate: act with transparency Relevant Facts Teamwork BUSINESS Global Automotive Market Business Model and Stakeholders Activity in 2017 INNOVATION Be flexible and open to new ideas 2017 Figures Fundamental to our future Don't conform, encourage boldness INNOVATION Everything is questionable, look for the best solution Innovative Interior Customer Commitment Strategy PASSION Work with quality PEOPLE for a job well done The Value of People Meet your commitments Connected to the Future Human Resources in Figures Train yourself permanently COMMITMENT Be involved from the beginning The Responsible Value Cycle Respect for Human Rights GLOBALIZE Well-being, Health and Safety ZERO Environmental Commitment GREEN FOOTPRINT CONTRIBUTION Be committed to your environment Sustainable Contribution INNOVERSIA to the development of society Represent the company’s values in society PROFILE OF THE REPORT annual report 18 ETHICS AND CORPORATE INTEGRITY

GRUPO ANTOLIN 2017 Ethics and Compliance are seen as important for Grupo Antolin, with the company's performance being valued positively by our stakeholders. OVERVIEW 2017 Materiality Study LETTER ETHICS Reflection of the values that COMPANY must guide the conduct of the Corporate Governance company and the people who Management Team Vision and Values work for it. Corporate Ethics and Integrity History Relevant Facts INTEGRITY Inclusion of respect for human rights, in its widest sense, BUSINESS Global Automotive Market together with the processes Business Model and Stakeholders that guarantee these rights Activity in 2017 for all the groups and people 2017 Figures with whom we interact as INNOVATION professionals and as an Innovative Interior organization. Customer Commitment Strategy TRANSPARENCY Generating internal and PEOPLE external credibility and The Value of People Integrity, ethics and transparency are the fundamental pillars on which Connected to the Future reliability for the company Grupo Antolin's governance structure is based in order to ensure the prop- Human Resources in Figures and the organization thanks er functioning of its business activity and the long-term sustainability of the company. Starting from the Corporate Social Responsibility department, the to the management and COMMITMENT company has gone one step further with the creation of the Compliance de- analysis of the data available The Responsible Value Cycle to the company to improve Respect for Human Rights GLOBALIZE partment during the current year, which will continue with the management Well-being, Health and Safety ZERO of the ethical model and the Compliance master plan. This plan includes knowledge and business Environmental Commitment GREEN FOOTPRINT training programs and face-to-face sessions for the plants and legal entities performance beyond simply Sustainable Contribution INNOVERSIA about the Code of Ethics and Conduct, the first high level set of rules. the economic aspect. PROFILE OF THE REPORT annual report 19 GRUPO ANTOLIN 2017 2017 ACTIVITY ETHICS AND COMPLIANCE MODEL INFORMATION SECURITY

COMPLIANCE ACTIVITY IN 2017 CULTURE INVOLVEMENT IN MEETINGS OF THE BOARD OF DIRECTORS AND THE MANAGEMENT COMMITTEES OVERVIEW 5 EMPLOYEES INFORMED LETTER THE COMPLIANCE ABOUT THE DEPARTMENT, DO THE CODE OF ETHICS 100% RIGHT THING COMPANY EXPRESS Corporate Governance Reporting directly to the CEO ACCEPTANCE OF Management Team THE CODE OF ETHICS 36% Vision and Values and the Board of Directors, Corporate Ethics and Integrity the Compliance Department History Relevant Facts was created in 2017 with the aim of acting as a guide BUSINESS and assistance so that the Global Automotive Market “My main function is to Business Model and Stakeholders people making decisions in protect the company Activity in 2017 the company each day do so 2017 Figures and all the people who within the tolerance levels are part of it" INNOVATION for risk and respect for the Innovative Interior rules demanded from them, JOSÉ MANUEL GARCELÁN Customer Commitment Grupo Antolin Chief Compliance Officer Strategy therefore contributing to the protection of all employees PEOPLE and to giving continuity to The Value of People Connected to the Future the business legacy. Led by Human Resources in Figures the Chief Compliance Officer, Link to the it will be responsible for the interview in COMMITMENT ethics and integrity model, the INFORMA The Responsible Value Cycle newsletter Respect for Human Rights GLOBALIZE managed to date by the Well-being, Health and Safety ZERO Environmental Commitment GREEN FOOTPRINT company's Corporate Social http://www.grupoantolin.com/sites/default/files/201781en.pdf Sustainable Contribution INNOVERSIA Responsibility Department. PROFILE OF THE REPORT annual report 20 GRUPO ANTOLIN 2017 2017 ACTIVITY ETHICS AND COMPLIANCE MODEL INFORMATION SECURITY

2017

TRAINING AND · Implementation of a regulatory AWARENESS-RAISING compliance management system · Eight Board actions and continuous FACE-TO-FACE under the ISO 19600 standards improvement of the compliance TRAINING that covers the entire organization system. OVERVIEW 23 PEOPLE and incorporates: education and TRAINED 945 training, continuous risk assess- · Implementation of the Compli- LETTER ment and reporting mechanisms. ance Network, a multidisciplinary STAFF TRAINED IN COMPLIANCE team in which the whole organ- COMPANY AT THE HEAD OFFICE 67% · Launch of the face-to-face training ization is represented with the Corporate Governance plan on the Compliance system aim of supporting the compliance Management Team STAFF TRAINED and the Code of Ethics and Con- function across the board. Vision and Values IN COMPLIANCE Corporate Ethics and Integrity INTERNATIONALLY 1% duct in the headquarters in Spain History as well as in Mexico, Brazil, USA, · Integration of ethical reporting into Relevant Facts Germany and China, 945 people the BI (Business Intelligence) re- COMMUNICATIONS AND with a management or office job porting system. BUSINESS ACTION GUIDES trained face-to-face. Global Automotive Market INFORMATIVE · Compliance Trend Sponsorship of Business Model and Stakeholders COMPLIANCE · Launch of the SAP-GRC as a criminal the Excellence in Sustainability Club: Activity in 2017 FLASHES 2017 Figures 8 risk management tool at the head- http://www.clubsostenibilidad.org/ quarters. tendencias/compliance/ INNOVATION RISK ANALYSIS, CONTROL Innovative Interior AND MONITORING Customer Commitment Strategy RISKS ASSESSED 127 PEOPLE CONTROLS 9 10 11 Peace, TESTED 8 1 The Value of People 7 2 justice and 135 VELOPMEN 1 Connected to the Future 6 DE T G 3 strong LE O 1 Human Resources in Figures B AL 4 institutions 5 A S N 1 GOVERNANCE I 5 4 A COMPLIANCE T COMMITMENT S 1 COMMITTEE 6 The Responsible Value Cycle 3 U S Respect for Human Rights GLOBALIZE MEETINGS · 1 4 Well-being, Health and Safety ZERO 7 2 N MEETINGS Environmental Commitment GREEN FOOTPRINT U

Sustainable Contribution INNOVERSIA WITH QUALITY AGENDA ALIGNMENT UNE19601 2 1 2030 PROFILE OF THE REPORT annual report 21 GRUPO ANTOLIN 2017 2017 ACTIVITY ETHICS AND COMPLIANCE MODEL INFORMATION SECURITY

OUR COMMITMENT TO THE FUTURE "Grupo Antolin must be a company with solid ethical values at all times. It is crucial that the OVERVIEW teams understand and comply with the company’s

LETTER commitments. I believe that Grupo Antolin's promotion of a culture of integrity, performance is fine, but it is important to correctly training and awareness. COMPANY transmit the company's ethical values" Corporate Governance · Extension and improvement of the Management Team Employees. 2017 Materiality Study. compliance detection, correction Vision and Values Corporate Ethics and Integrity and reporting mechanisms. History Relevant Facts IN PROSPECT · Establishment of an Ethics, Corpo- 2018 rate Governance, Compliance and BUSINESS Corporate Social Responsibility Global Automotive Market · Implementation of the SAP-GRC risk Spanish and European Union com- Committee, reporting to the Board Business Model and Stakeholders analysis tool in all plants and OTCs, petition regulations; together with of Directors, which will supervise Activity in 2017 2017 Figures where those responsible for opera- a series of recommendations to and evaluate compliance with the in- tions will integrate the compliance avoid/minimize possible breaches. ternal codes of ethics and conduct, INNOVATION obligations, identifying and manag- the corporate governance rules and Innovative Interior ing compliance risks. · Design of a training session for the the environmental, good govern- Customer Commitment groups involved in potential dawn ance and CSR policies as part of its Strategy · Adaptation to the New European raids in the areas of competition, powers. Data Protection Regulation as an criminal law and tax law. PEOPLE opportunity to raise our standards · Adaptation of the Code of Ethics The Value of People globally, and to operate with the ut- · Face-to-face training in the Compli- and Conduct to the new compliance Connected to the Future most respect for the personal data ance system and the Code of Ethics structure and system. Human Resources in Figures we process, trying to ensure their and Conduct in Hungary, France, protection for everyone: our em- plants in Spain, Czech Republic and · Monitoring of the degree of infor- COMMITMENT ployees, customers and suppliers, Slovakia. Second stage. mation and acceptance of the Code The Responsible Value Cycle Respect for Human Rights GLOBALIZE as well as for the company. of Ethics and Conduct and policies Well-being, Health and Safety ZERO · Presence and raising of awareness that implement this so that it can Environmental Commitment GREEN FOOTPRINT · Design of "Knowledge capsules" of internal conventions by compe- achieve the 100% acceptance not Sustainable Contribution INNOVERSIA on the behavior prohibited by the tition area that contributes to the reached in the previous year.

PROFILE OF THE REPORT annual report 22 GRUPO ANTOLIN 2017 2017 ACTIVITY ETHICS AND COMPLIANCE MODEL INFORMATION SECURITY

ETHICS AND COMPLIANCE MODEL

OVERVIEW

LETTER

COMPANY Corporate Governance Management Team Vision and Values Corporate Ethics and Integrity History Relevant Facts

BUSINESS Global Automotive Market Business Model and Stakeholders Activity in 2017 2017 Figures The Code of Ethics and INNOVATION Conduct applies to all Innovative Interior employees connected Customer Commitment Strategy to Grupo Antolin, regardless of the PEOPLE employment contract The Value of People Connected to the Future that determines their Human Resources in Figures CODE OF ETHICS AND CONDUCT relationship with the company, the position COMMITMENT Living document endorsed by the Board of Directors whose main objective The Responsible Value Cycle they occupy in the is to guarantee ethical and responsible behavior in the development of our Respect for Human Rights GLOBALIZE organization and the Well-being, Health and Safety ZERO activity. It must lead to honesty, ethics, professionalism and clarity in our Environmental Commitment GREEN FOOTPRINT relationships with customers, shareholders, employees, suppliers and so- country in which they Sustainable Contribution INNOVERSIA ciety in general. work. PROFILE OF THE REPORT annual report 23 GRUPO ANTOLIN 2017 2017 ACTIVITY ETHICS AND COMPLIANCE MODEL INFORMATION SECURITY

CONFLICT OF INTEREST In order to avoid any situations that may be perceived as a conflict of in- terest or have the potential to be considered as such, the Compliance area must be informed about these and review them.

OVERVIEW Under the transparency rule, a mechanism has been launched on the basis of an individual and confidential declaration, contained in a Certification and LETTER Disclosure Form, which is mandatory for the groups identified as being at risk due to their activity in the organization. Additionally, all employees, re- COMPANY gardless of their position, are obliged to communicate any potential conflict Corporate Governance of interest to the Compliance Department. TRANSPARENCY Management Team MANAGEMENT Vision and Values Corporate Ethics and Integrity COMPLAINTS WHISTLE BLOWING History 0 Relevant Facts COMPLAINTS BY OTHER CHANNELS 21 BUSINESS WHISTLE BLOWING CORRECTIVE Global Automotive Market ACTIONS Business Model and Stakeholders Official confidential channel made available to all employees of GrupoAn- 12 Activity in 2017 NUMBER OF 2017 Figures tolin, also accessible to people outside the organization, used to send any NONCONFORMITIES complaints and/or reports under the scope of this Ethical Code considered AND PROBLEMS necessary, including those of an economic, financial and/or accounting na- 54 INNOVATION CORRECTIVE Innovative Interior ture, that may arise in the running of the business. ACTIONS Customer Commitment IMPLEMENTED Strategy 57% BOX 2069 Postal address of the 09007 BURGOS (SPAIN) Whistle Blowing PEOPLE The Value of People Connected to the Future Leaving aside the official channel, where no complaints were registered dur- Human Resources in Figures ing 2017, a total of 21 formal complaints were made via different electron- Electronic access ic and postal channels and these have been processed. Of these, 12 were to the Whistle COMMITMENT founded and have generated the corresponding corrective actions. The Responsible Value Cycle Blowing Respect for Human Rights GLOBALIZE Well-being, Health and Safety ZERO Environmental Commitment GREEN FOOTPRINT Sustainable Contribution INNOVERSIA https://extranet.grupoantolin.com/Web/GA.CanalTransparencia.Web/Default.aspx?Lang=EN

PROFILE OF THE REPORT annual report 24 GRUPO ANTOLIN 2017 2017 ACTIVITY ETHICS AND COMPLIANCE MODEL INFORMATION SECURITY

OVERVIEW

LETTER

COMPANY Corporate Governance Management Team Vision and Values Corporate Ethics and Integrity History Relevant Facts

BUSINESS Global Automotive Market Business Model and Stakeholders Activity in 2017 2017 Figures Grupo Antolin expressly rejects any INNOVATION form of corruption in Innovative Interior its broadest sense, Customer Commitment Strategy whether active, passive, ZERO TOLERANCE private, or with public PEOPLE officials, applying a The Value of People PREVENTION OF CORRUPTION Connected to the Future zero tolerance policy At Grupo Antolin, we are committed to the highest ethical standards that Human Resources in Figures make the company a unique model of behavior. To reiterate the company's with respect to any commitment to strict compliance with the regulations on the prevention and breach of the Code of COMMITMENT fight against corruption, it has started the process for the preparation of the The Responsible Value Cycle Ethics and Conduct Global Anti-Corruption Policy that brings together the existing commitments, Respect for Human Rights GLOBALIZE and the content of the Well-being, Health and Safety ZERO guidelines and policies, extending compliance with this not only to all the em- Environmental Commitment GREEN FOOTPRINT ployees of the companies in which Grupo Antolin exercises direct or indirect organization’s policies. Sustainable Contribution INNOVERSIA management control, but also to our commercial partners.

PROFILE OF THE REPORT annual report 25 GRUPO ANTOLIN 2017 2017 ACTIVITY ETHICS AND COMPLIANCE MODEL INFORMATION SECURITY

In its commitment to prevent any form of corruption, Grupo Antolin carries out all its activities in accordance with the legislation in force in all the fields of OVERVIEW action and in all the countries in which it operates, in accordance with its spirit and purpose, and undertakes to: LETTER

COMPANY Not to influence the decisions or objectivity of people outside the company to obtain any benefit or advantage Corporate Governance through the use of practices that are unethical and/or contrary to the applicable law. Management Team ANTI-CORRUPTION AND BRIBERY GUIDE Vision and Values Corporate Ethics and Integrity History Relevant Facts NOT TO GIVE, PROMISE OR OFFER, directly or indirectly, any good of value to any natural or legal person, in order to obtain undue advantages for the company. ATTENTION AND GIFTS POLICY BUSINESS Global Automotive Market Business Model and Stakeholders Activity in 2017 Not to allow any facilitation payments. 2017 Figures

INNOVATION Not to finance or provide assistance or support of any other kind, directly or indirectly, to any political party, its Innovative Interior representatives or candidates, or use donations to cover up undue payments. Customer Commitment Strategy DONATIONS AND CONTRIBUTIONS GUIDE

PEOPLE The Value of People Not to solicit or receive in an undue way, directly or indirectly, commissions, payments or benefits from Connected to the Future third parties on the occasion of or as a result of operations involving investment, disinvestment, financing Human Resources in Figures or expenses carried out by the company.

COMMITMENT The Responsible Value Cycle To pay special attention to those cases where there are signs of the lack of integrity of the persons or entities Respect for human rights GLOBALIZE with which business is being conducted, in order to ensure that Grupo Antolin only establishes business Well-being, Health and Safety ZERO relationships with qualified individuals and entities with an adequate reputation. Environmental Commitment GREEN FOOTPRINT DUE DILIGENCE PROCEDURE Sustainable Contribution INNOVERSIA

PROFILE OF THE REPORT annual report 26 GRUPO ANTOLIN 2017 2017 ACTIVITY ETHICS AND COMPLIANCE MODEL INFORMATION SECURITY

CRIMINAL COMPLIANCE ORGANIZATION AND MANAGEMENT OF The Crime Prevention CRIMINAL RISKS MODEL OVERVIEW Model (CPM) and the associated risk map, The Criminal Compliance System, based on ISO 19600, is the evolution of LETTER the Criminal Risk Management and Organization Model already implemented defined according in the company. Updated in accordance with ISO 19601, as part of the pro- to the established COMPANY cess for the identification, management and evaluation of these risks, an SAP organizational model, Corporate Governance computer tool has been used for the implementation of the modules: GRC PC Management Team allows for future (Process Control) and RM (Risk Management). Vision and Values scalability to complete Corporate Ethics and Integrity History and automate the Relevant Facts Compliance global risk DUE DILIGENCE AND CRIMINAL system BUSINESS Global Automotive Market PREVENTION PRACTICES FOR BUSINESS Business Model and Stakeholders PARTNERS Activity in 2017 2017 Figures Grupo Antolin has begun assessing the compliance risk associated with each INNOVATION business partner. In order to assess the risk, the parameters that will facili- Innovative Interior tate their a priori classification as low or higher risk, as well as the measures Customer Commitment to be adopted in the selection, contracting and follow-up phases, are being Strategy determined.

PEOPLE SUSTAINABLE COMMITMENTS OF CLIENTS The Value of People Alignment with the sustainability, ethics and integrity strategy of all our cus- Connected to the Future tomers through express adoption by senior management; as well as regularly Human Resources in Figures responding to the requested requirements.

COMMITMENT SUSTAINABLE PURCHASING CLAUSES The Responsible Value Cycle Respect for human rights GLOBALIZE Requirements included contractually in the Suppliers' Manual based on eth- Well-being, Health and Safety ZERO ics, transparency and respect for fundamental human and environmental Environmental Commitment GREEN FOOTPRINT rights, on which the relationship between Grupo Antolin and its supply chain Sustainable Contribution INNOVERSIA is based; encouraging them to extend these to their own supply chain.

PROFILE OF THE REPORT annual report 27 GRUPO ANTOLIN 2017 2017 ACTIVITY ETHICS AND COMPLIANCE MODEL INFORMATION SECURITY

INFORMATION SECURITY

OVERVIEW

LETTER

COMPANY Corporate Governance Management Team Vision and Values Corporate Ethics and Integrity History Relevant Facts

BUSINESS For Grupo Antolin, it is Already important today, information security will become even more relevant in Global Automotive Market the future if in addition we associate this with the safety of vehicles. This is par- Business Model and Stakeholders essential to guarantee the ticularly true in the case of self-driving cars with the possibility that a third party Activity in 2017 2017 Figures adequate protection of could interfere with the vehicle's software, causing possible damage. the corporate information INNOVATION assets, appropriately As an extension to the commitment contained in the Code of Ethics, the Cor- porate Information Security Policy is part of the company's management Innovative Interior identifying them and Customer Commitment model with the aim of ensuring that: Strategy applying the necessary controls, thanks to Ensuring that only those who are authorized to do so can access infor- PEOPLE solid mechanisms that The Value of People mation CONFIDENTIALITY Connected to the Future guarantee the protection Human Resources in Figures of knowledge and The information and its processing methods are accurate and compre- personal data relevant COMMITMENT hensive INTEGRITY The Responsible Value Cycle to the company: policies, Respect for Human Rights GLOBALIZE practices, procedures, Well-being, Health and Safety ZERO The authorized users have access to the corresponding information Environmental Commitment GREEN FOOTPRINT organizational structures and to the associated assets when necessary AVAILABILITY Sustainable Contribution INNOVERSIA and solutions. PROFILE OF THE REPORT annual report 28 GRUPO ANTOLIN 2017 2017 ACTIVITY ETHICS AND COMPLIANCE MODEL INFORMATION SECURITY

Aware of the importance of identifying and protecting our information as- sets and minimizing the risk of security incidents in relation to both internal and external information, Grupo Antolin has carried out the implementa- tion, maintenance and improvement of the Information Security Manage- ment System (ISMS) through: "The challenge will be OVERVIEW greater in the future, · Annual establishment of information security targets. companies need to have LETTER tools that protect them · Development of a risk analysis process and, on the basis of the results COMPANY of this, implementing the corresponding actions in order to address any from possible cyber- Corporate Governance risks considered unacceptable in accordance with the criteria established attacks" Management Team for this purpose. Vision and Values Customer. 2017 Materiality Study. Corporate Ethics and Integrity History · Compliance with the requirements of the business, legal and/or regulato- Relevant Facts ry requirements, and contractual information security obligations.

BUSINESS · Training and awareness-raising for all employees in this matter. Every employee is responsible Global Automotive Market for recording and reporting Business Model and Stakeholders · Establishment of the necessary means for ensuring the continuity of the any security violations, Activity in 2017 confirmed or suspected. 2017 Figures company's business.

INNOVATION · Sanctions for any violation of the Information Security policy or any other Innovative Interior policy in the system. Customer Commitment Strategy Every employee is responsible for preserving the confidentiality, integrity, and availability of the information PEOPLE assets in compliance of the policies inherent to the The Value of People Information Security Management System. Connected to the Future FUTURE COMMITMENT Human Resources in Figures DEVELOP DEFENSE MECHANISMS IN THE COMMITMENT The Responsible Value Cycle Trends in our FACE OF THE IMPACT Respect for Human Rights GLOBALIZE sights OF TECHNOLOGY ON Well-being, Health and Safety ZERO IMPACT OF NEW AUTOMATION AND CHANGES IN THE Environmental Commitment GREEN FOOTPRINT TECHNOLOGIES IN THE ROBOTIZATION OF THE TRANSPORT INFORMATION SECURITY Sustainable Contribution INNOVERSIA BUSINESS PRODUCTION MODEL AND CYBER ATTACKS PROFILE OF THE REPORT annual report 29 HISTORY OF GRUPO ANTOLIN

GRUPO ANTOLIN 2017 the 1950S the 1980S Starting in a workshop in Burgos (Spain), Grupo Antolin holding company is born. specializing in brakes and steering systems. Avelino Antolin Toledano is Chairman and OVERVIEW The Antolin brothers invent the rubber-metal José Antolin becomes Vice-Chairman. steering ball joint, extending the life of the The Company makes the leap into LETTER components, and create the company ANSA. internationalization and focuses on the interior of the vehicle. It takes a stake in COMPANY Autoform, a German company producing Corporate Governance the S Management Team 1960 overhead paneling for BMW and Audi. Vision and Values Corporate Ethics and Integrity The brothers, Avelino and José, patent the History rubber/metal ball and socket joint. Talleres Relevant Facts ARA, S.L. is founded in Burgos to manufacture the 1990S vehicle upholsteries and accessories. BUSINESS It continues its rapid industrial deployment Global Automotive Market and policy of continual innovation, this Business Model and Stakeholders approach being formalized in 1993 with the Activity in 2017 2017 Figures establishment of Grupo Antolin-Ingenieria as the R&D+i division. José Antolin is the new INNOVATION Chairman of the company and the new Grupo Innovative Interior Antolin head office is opened. Customer Commitment Strategy 2001 PEOPLE The Value of People Change from a functional organization to one Connected to the Future structured into business and regional units. Human Resources in Figures the 1970S COMMITMENT In collaboration with the Italian company The Responsible Value Cycle Pianfei, new technology is introduced 2002 Respect for Human Rights GLOBALIZE to headliners, known as Glasutec, a Well-being, Health and Safety ZERO Grupo Antolin launches the Door Trim Environmental Commitment GREEN FOOTPRINT technological advance compared to anything Module (DTM), the most complete example of Sustainable Contribution INNOVERSIA else available at that time. modular integration.

PROFILE OF THE REPORT annual report 30 GRUPO ANTOLIN 2017

2004 2014 Grupo Antolin increases its capital by 20% Grupo Antolin successfully completes the with the entry of five savings banks in order to issuance of €400 million in bonds. The strengthen its financial structure and support company establishes itself as a global OVERVIEW its international expansion plans. supplier, taking 56th position in the global ranking of the largest automotive suppliers. LETTER

COMPANY 2009 Corporate Governance New organizational model with the creation 2015 Management Team Vision and Values of three Strategic Business Units (Overhead Grupo Antolin closes the acquisition of Corporate Ethics and Integrity Systems, Doors and Seats Units). Magna Interiors and doubles its size to over History €4 billion in sales and a workforce of 28,000 Relevant Facts employees. The company becomes one of the leading manufacturers of automotive interiors BUSINESS 2011 Global Automotive Market Grupo Antolin acquires CML Innovative worldwide. Business Model and Stakeholders Technologies and becomes one of the Activity in 2017 Ernesto Antolin replaces José Antolin Toledano European leaders in car interior lighting. 2017 Figures as Chairman, who becomes honorary chairman. María Helena Antolin Raybaud becomes Vice- INNOVATION Chair and José Manuel Temiño is replaced by Innovative Interior 2013 Customer Commitment Jesús Pascual as CEO. Strategy The Antolin family acquires 22.8% of the shares that since 2004 had been in the hands PEOPLE of a group of Spanish savings banks. 2017 The Value of People Connected to the Future Grupo Antolin presents the company’s new Human Resources in Figures Vision and Values. The sale of the Seating Business Unit as part of the company's business COMMITMENT The Responsible Value Cycle strategy. The company achieved sales of 5,037 Respect for Human Rights GLOBALIZE million euros in 2017 and is present in 9 of the Well-being, Health and Safety ZERO 10 best-selling vehicles in the world. Environmental Commitment GREEN FOOTPRINT Sustainable Contribution INNOVERSIA

PROFILE OF THE REPORT annual report 31 RELEVANT FACTS GRUPO ANTOLIN 2017 LANDMARKS

OVERVIEW

LETTER

COMPANY Corporate Governance Management Team Vision and Values Corporate Ethics and Integrity Inauguration of the pioneering Dual History Professional Training Center in Castilla y León Annual Convention 2017 Relevant Facts The company renews its support BUSINESS for the driver Cristina Gutiérrez Global Automotive Market Business Model and Stakeholders Activity in 2017 2017 Figures

INNOVATION Innovative Interior Customer Commitment Strategy II Global Meeting and presentation of the new Grupo Antolin Vision and Values

PEOPLE The Value of People Connected to the Future Human Resources in Figures

COMMITMENT The Responsible Value Cycle Respect for Human Rights GLOBALIZE Well-being, Health and Safety ZERO Environmental Commitment GREEN FOOTPRINT Sustainable Contribution INNOVERSIA Ernesto Antolin gives the 'Best Company' award to Grupo Antolin-RyA and Suzhou Antolin Lighting

PROFILE OF THE REPORT annual report 32 GRUPO ANTOLIN 2017 VISITS

The European Chamber of Commerce visits Antolin Shanghai Auto Parts

OVERVIEW

LETTER

COMPANY Corporate Governance Management Team Vision and Values Corporate Ethics and Integrity History The German business delegation visits Grupo Antolin's headquarters Relevant Facts

BUSINESS Global Automotive Market Business Model and Stakeholders Activity in 2017 2017 Figures

INNOVATION Innovative Interior Customer Commitment Strategy Business France visits Grupo Antolin’s headquarters

PEOPLE The Value of People Connected to the Future Human Resources in Figures

COMMITMENT The Responsible Value Cycle Respect for Human Rights GLOBALIZE Well-being, Health and Safety ZERO Environmental Commitment GREEN FOOTPRINT Sustainable Contribution INNOVERSIA The University of Lincoln, USA, visits our head office

PROFILE OF THE REPORT annual report 33 GRUPO ANTOLIN 2017

Gestamp and Gonvarri visit the company's headquarters Antonio Garrigues visits Grupo Antolin

OVERVIEW

LETTER

COMPANY Corporate Governance Management Team Vision and Values Corporate Ethics and Integrity History Volvo visits the head office of the company and GA-Aragusa Hyundai-Kia visits the head office Relevant Facts

BUSINESS Global Automotive Market Business Model and Stakeholders Activity in 2017 2017 Figures

INNOVATION Innovative Interior Customer Commitment Strategy Honda visits the head office Ford visits the head office

PEOPLE FCA visits Grupo Antolin The Value of People Connected to the Future Human Resources in Figures

COMMITMENT The Responsible Value Cycle Respect for Human Rights GLOBALIZE Well-being, Health and Safety ZERO Environmental Commitment GREEN FOOTPRINT Sustainable Contribution INNOVERSIA

PROFILE OF THE REPORT annual report 34 GRUPO ANTOLIN 2017 SENIOR MANAGEMENT VISITS

OVERVIEW

Ernesto Antolin visits LETTER Ernesto Antolin, Chairman of the Antolin Straubing and Company, visits the Hartlip plant Allershausen COMPANY Corporate Governance Management Team Vision and Values Corporate Ethics and Integrity History Relevant Facts

BUSINESS Global Automotive Market Business Model and Stakeholders Activity in 2017 2017 Figures

INNOVATION Innovative Interior Customer Commitment Strategy Ernesto Antolin visits China

PEOPLE The Value of People Connected to the Future Human Resources in Figures

COMMITMENT The Responsible Value Cycle Respect for Human Rights GLOBALIZE Well-being, Health and Safety ZERO Environmental Commitment GREEN FOOTPRINT Sustainable Contribution INNOVERSIA

PROFILE OF THE REPORT Ernesto Antolin, Chairman and Jesús Pascual, CEO, visit China and South Korea annual report 35 GRUPO ANTOLIN 2017

OVERVIEW

María Helena Antolin, Vice-Chair, visits our centers in China and Japan LETTER

COMPANY Corporate Governance Management Team Vision and Values Corporate Ethics and Integrity History Relevant Facts

BUSINESS Global Automotive Market Business Model and Stakeholders Activity in 2017 2017 Figures María Helena Antolin goes to the US and meets employees INNOVATION Innovative Interior Customer Commitment Strategy

PEOPLE The Value of People Connected to the Future Human Resources in Figures

COMMITMENT The Responsible Value Cycle Respect for Human Rights GLOBALIZE Well-being, Health and Safety ZERO Environmental Commitment GREEN FOOTPRINT Sustainable Contribution INNOVERSIA Jesús Pascual, CEO of Grupo Antolin, visits NAFTA

PROFILE OF THE REPORT annual report 36 GRUPO ANTOLIN 2017

OVERVIEW

LETTER

Ernesto Antolin attends the meeting of the COMPANY EVENTS Board of Trustees of the COTEC Foundation Corporate Governance María Helena has an audience with H.M. The King Management Team Vision and Values Corporate Ethics and Integrity History Relevant Facts

BUSINESS Global Automotive Market Business Model and Stakeholders Activity in 2017 2017 Figures

INNOVATION Innovative Interior Customer Commitment Sernauto celebrates its 50th anniversary Strategy

PEOPLE The Value of People Connected to the Future Human Resources in Figures

COMMITMENT The Responsible Value Cycle Respect for Human Rights GLOBALIZE Well-being, Health and Safety ZERO Environmental Commitment GREEN FOOTPRINT María Helena attends the 26th Hispano-Japanese Business Sustainable Contribution INNOVERSIA Cooperation Committee opened by the King of Spain

PROFILE OF THE REPORT annual report 37 GRUPO ANTOLIN 2017 INDUSTRIAL STRENGTH

OVERVIEW

LETTER

COMPANY Corporate Governance Management Team Vision and Values Corporate Ethics and Integrity History Relevant Facts

BUSINESS Global Automotive Market Business Model and Stakeholders Activity in 2017 2017 Figures Laying the foundation stone for Expansion of Spartanburg, United States the new Shelby plant INNOVATION Innovative Interior Customer Commitment Strategy

PEOPLE The Value of People Connected to the Future Human Resources in Figures

COMMITMENT The Responsible Value Cycle Respect for Human Rights GLOBALIZE Well-being, Health and Safety ZERO Environmental Commitment GREEN FOOTPRINT Sustainable Contribution INNOVERSIA Expansion of Barton, United Kingdom

PROFILE OF THE REPORT annual report 38 BUSINESS GLOBAL AUTOMOTIVE MARKET BUSINESS MODEL ACTIVITY IN 2017 2017 FIGURES

GRUPO ANTOLIN annual report 2017 39 GLOBAL AUTOMOTIVE MARKET

GRUPO ANTOLIN 2017 VEHICLES SOLD WORLDWIDE IN 2017

In 2017, global vehicle sales stood at 95,309,149 million units. The record

OVERVIEW sales for vehicles during 2017 is due to the strong performance of the Europe- 95,309,149 an market and the recovery of the main emerging countries (Brazil and Russia), LETTER but especially to the strength of Asia. VEHICLES SOLD COMPANY According to the specialized publication WardsAuto, reported by The Wall IN EUROPE Corporate Governance Street Journal, Asian customers have been the key factor behind the record Management Team year for the sector. In the case of the US, although it is the most profitable Vision and Values 20,621,170 market for the motor industry, after several consecutive years of good fig- Corporate Ethics and Integrity IN SPAIN History ures and a historic 2016, in 2017 it had one of the worst years since the Relevant Facts start of the financial crisis. 1,427,407 BUSINESS As for the OEMs, at the end of 2017 the Volkswagen Group was again in the IN RUSSIA Global Automotive Market leading position it achieved in the previous year, with a total of 10,413,455 Business Model and Stakeholders units sold. The second largest car manufacturer worldwide is again Toyo- Activity in 2017 1,596,071 2017 Figures ta with 10,163,491 units manufactured. Third position is a surprise this year, being taken by the Renault-Nissan-Mitsubishi Alliance with a total of IN NAFTA INNOVATION 10,117,402 units, with Toyota and Volkswagen very close behind. As for Innovative Interior the rest of the car manufacturers, we must highlight the excellent positions 20,767,907 Customer Commitment achieved by Daimler AG (Mercedes-Benz) and BMW. Strategy IN BRAZIL

PEOPLE IN SPAIN 2,183,280 The Value of People Connected to the Future IN CHINA As reported by the International Organization of Motor Vehicle Manufactur- Human Resources in Figures ers (OICA), the Spanish automotive sector was in 8th position worldwide in 2017. Spain manufactured 2.84 million units, 150,000 more than Brazil 28,591,887 COMMITMENT which was ninth in the table. The Renault brand and the Seat Leon model The Responsible Value Cycle IN INDIA Respect for Human Rights GLOBALIZE were again leaders in the Spanish market in 2017. The French brand was Well-being, Health and Safety ZERO the only one that surpassed 100,000 car units sold. The Seat Leon, man- 3,699,538 Environmental Commitment GREEN FOOTPRINT ufactured in Martorell, was once again the market leader, ahead of its little Sustainable Contribution INNOVERSIA (Source: LMC Automotive) brother, the Seat Ibiza, also assembled in the Barcelona factory. Includes cars and light commercial vehicles PROFILE OF THE REPORT annual report 40 GRUPO ANTOLIN 2017 GLOBAL EUROPE NORTH AMERICA CHINA MAIN LAUNCHES

TOP 10 GLOBAL Source: JATO Dynamics

1. 2. 3. 4. 5. TOYOTA FORD VW GOLF HONDA TOYOTA OVERVIEW COROLLA F-SERIES GA Content: Modular CIVIC RAV4 GA Content: GA Content: Modular overhead, headliner GA Content: Headliner, sunvisors, overhead, lighting and overhead Headliner, lighting 5 LETTER lighting console console soundproofing console, turn signal (China), door panels, 2 lighting console, COMPANY multifunctional lamp, Corporate Governance pillars, part of the Management Team fender, instrument Vision and Values 1 4 Corporate Ethics and Integrity panel (North History America) Relevant Facts

BUSINESS Global Automotive Market 3 Business Model and Stakeholders Activity in 2017 2017 Figures 6. 7. 8. 9. 10. INNOVATION HONDA VW FORD CHEVROLET VW Innovative Interior CR-V TIGUAN FOCUS SILVERADO POLO Customer Commitment GA Content: GA Content: Modular GA Content: GA Content: Modular GA Content: Strategy Modular overhead, overhead (China and Modular overhead overhead Modular overhead, (North America and North America), door (including headliner door panels, Thailand), headliner panels, ambient light and sunvisors), window regulators PEOPLE (Europe), lighting pillars, trunk panel, 9 (aluminum), The Value of People console trunk lining, lighting multifunctional lamp Connected to the Future 7 console Human Resources in Figures

COMMITMENT 10 The Responsible Value Cycle Respect for Human Rights GLOBALIZE 6 8 Well-being, Health and Safety ZERO Environmental Commitment GREEN FOOTPRINT Sustainable Contribution INNOVERSIA

PROFILE OF THE REPORT annual report 41 GRUPO ANTOLIN 2017 GLOBAL EUROPE NORTH AMERICA CHINA MAIN LAUNCHES

TOP 10 SALES IN EUROPE Source: focus2move

1. 2. 3. 4. 5. VW GOLF RENAULT VW POLO NISSAN FORD GA Content: Modular GA Content: OVERVIEW CLIO QASHQAI FIESTA overhead, headliner GA Content: Modular overhead, GA Content: GA Content: Modular and overhead Window regulators, door panels, Modular overhead overhead, sunvisors, LETTER soundproofing door electronics, window regulators (including headliner pillars, trunk lining, (China), door panels, sunvisors, daytime (aluminum), and overhead trunk lid lining lighting console, running light, multifunctional lamp soundproofing ), COMPANY multifunctional lamp, lighting console sunvisors, overhead Corporate Governance pillars, part of the 3 lighting console, Management Team fender, instrument third brake light, Vision and Values panel (North door panels (Russia) Corporate Ethics and Integrity America) History 5 Relevant Facts 2 1 BUSINESS 4 Global Automotive Market Business Model and Stakeholders Activity in 2017 2017 Figures 6. 7. 8. 9. 10. INNOVATION SKODA VW FORD PEUGEOT OPEL Innovative Interior OCTAVIA TIGUAN FOCUS 208 ASTRA Customer Commitment GA Content: GA Content: Modular GA Content: Modular GA Content: Lighting Strategy Instrument panel, overhead (China and overhead (including console, sunvisors headliner, door North America), door headliner and (Europe and Brazil), PEOPLE panels, lighting panels, ambient light sunvisors), pillars, overhead (Brazil), The Value of People console, ambient trunk panel, trunk window regulators Connected to the Future lighting lining, lighting (Brazil) Human Resources in Figures 7 console

COMMITMENT 9 The Responsible Value Cycle 8 Respect for Human Rights GLOBALIZE Well-being, Health and Safety ZERO Environmental Commitment GREEN FOOTPRINT Sustainable Contribution INNOVERSIA 6

PROFILE OF THE REPORT annual report 42 GRUPO ANTOLIN 2017 GLOBAL EUROPE NORTH AMERICA CHINA MAIN LAUNCHES

TOP 10 SALES IN THE USA Source: : focus2move

1. 2. 3. 4. 5. FORD CHEVROLET RAM TOYOTA NISSAN OVERVIEW F-SERIES SILVERADO PICK-UP RAV4 ROGUE GA Content: Modular GA Content: Modular GA Content: GA Content: overhead, lighting overhead (including Headliner, sunvisors, Headliner (North LETTER console headliner), door lighting console 4 America), door panels, lighting panels (South Korea) console COMPANY 1 Corporate Governance Management Team 3 Vision and Values 5 Corporate Ethics and Integrity History Relevant Facts 2

BUSINESS Global Automotive Market Business Model and Stakeholders Activity in 2017 2017 Figures 6. 7. 8. 9. 10. INNOVATION TOYOTA HONDA HONDA TOYOTA HONDA Innovative Interior CAMRY CR-V CIVIC COROLLA ACCORD Customer Commitment GA Content: Modular GA Content: GA Content: Modular GA Content: Strategy overhead, door Modular overhead, overhead (Thailand), Headliner, sunvisors, panels, lighting (North America and headliner (Europe, lighting console PEOPLE console Thailand), headliner Brazil, China), turn The Value of People (Europe), lighting signal, lighting Connected to the Future console console 6 Human Resources in Figures 10 8 COMMITMENT 9 The Responsible Value Cycle Respect for Human Rights GLOBALIZE Well-being, Health and Safety ZERO Environmental Commitment GREEN FOOTPRINT Sustainable Contribution INNOVERSIA 7 PROFILE OF THE REPORT annual report 43 GRUPO ANTOLIN 2017 GLOBAL EUROPE NORTH AMERICA CHINA MAIN LAUNCHES

TOP 10 SALES IN CHINA Source: : focus2move

1. 2. 3. 4. 5. OVERVIEW WULING VW HAVAL BUICK NISSAN HONG- LAVIDA H6 EXCELLE GT BLUEBIRD GUANG GA Content: Door SYLPHY LETTER panel, pillars GA Content: Lighting console COMPANY Corporate Governance 4 Management Team Vision and Values Corporate Ethics and Integrity 3 History Relevant Facts 1 2

5 BUSINESS Global Automotive Market Business Model and Stakeholders 6. 7. 8. 9. 10. Activity in 2017 2017 Figures BAOJUN VW GAC TOYOTA VW 510 TIGUAN TRUMPCHI COROLLA SAGITAR GA Content: Modular GS4 INNOVATION overhead (China Innovative Interior and North America), Customer Commitment door panels (North Strategy America), ambient light PEOPLE The Value of People 9 6 Connected to the Future Human Resources in Figures 8

COMMITMENT The Responsible Value Cycle Respect for Human Rights GLOBALIZE Well-being, Health and Safety ZERO 7 10 Environmental Commitment GREEN FOOTPRINT Sustainable Contribution INNOVERSIA

PROFILE OF THE REPORT annual report 44 GRUPO ANTOLIN 2017 GLOBAL EUROPE NORTH AMERICA CHINA MAIN LAUNCHES

GRUPO ANTOLIN WITH THE MAIN LAUNCHES IN 2017 OVERVIEW 1. 2. 3. 4. LETTER ALFA ROMEO AUDI A8 JEEP LAMBORGHINI STELVIO GA Content: Overhead COMPASS URUS GA Content: Door Panels, (with light guides GA Content: Assembly GA Content: Instrument COMPANY Pillars, Multifunctional in higher versions), and sequencing of: panel, Pillars, Sunvisors, Corporate Governance Lamp Sunvisors, Pillars, Trunk Instrument panel and Interior floor. Management Team Lining and Floor, Light central console, Door Vision and Values Consoles. panels, Pillars, Plastic Corporate Ethics and Integrity seating components. History Relevant Facts

BUSINESS Global Automotive Market 1 3 4 Business Model and Stakeholders Activity in 2017 2017 Figures 2

INNOVATION Innovative Interior Customer Commitment Strategy 5. 6. 7. MERCEDES-BENZ TATA HEXA VW ATLAS PEOPLE CLASS A GA Content: Modular GA Content: Door Panels, The Value of People GA Content: Trunk lining Overhead, Trunk Floor. Modular Overhead. Connected to the Future (Europe), Pillars and carpet Human Resources in Figures (China), Overhead and pillars (Mexico). 7 COMMITMENT The Responsible Value Cycle Respect for Human Rights GLOBALIZE 5 Well-being, Health and Safety ZERO Environmental Commitment GREEN FOOTPRINT 6 Sustainable Contribution INNOVERSIA

PROFILE OF THE REPORT annual report 45 BUSINESS MODEL AND STAKEHOLDERS

GRUPO ANTOLIN 2017

OVERVIEW

LETTER

COMPANY DESIGN MANUFACTURING Corporate Governance Management Team Vision and Values Corporate Ethics and Integrity History Relevant Facts

BUSINESS Global Automotive Market CONCEPTION VALIDATION DELIVERY Business Model and Stakeholders Activity in 2017 2017 Figures

INNOVATION Innovative Interior Customer Commitment Strategy

PEOPLE The Value of People Connected to the Future Human Resources in Figures

COMMITMENT The Responsible Value Cycle GRUPO ANTOLIN IS Respect for Human Rights GLOBALIZE PRESENT IN Well-being, Health and Safety ZERO Environmental Commitment GREEN FOOTPRINT Sustainable Contribution INNOVERSIA OF THE BEST-SELLING 9CARS IN THE 10WORLD

PROFILE OF THE REPORT annual report 46 GRUPO ANTOLIN 2017 BUSINESS MODEL STAKEHOLDERS

CONCEPTION DESIGN VALIDATION MANUFACTURING DELIVERY

An innovative solution Definition of the product Acceptance by the Start of the mass Sequenced supply of What we to the needs and and service according to customer and the production of the product the end product to the do expectations of our the requirements of the company responsible customer. customers and their customer for production and FACTORIES AND consumers appointment of supplier JITS SALES OVERVIEW HOURS OF DEVELOPMENT OTC STAS* €5,037 151 million LETTER INVESTMENT 22 3,411,350 62 41% How we TECHNOLOGICAL million Overheads and COMPANY R+D+i effort VOLUME OF €333 do it? EMPLOYMENT Trunk Trim Corporate Governance DIRECT MATERIAL ISO 14001 Management Team PURCHASE Vision and Values 2.96% 5.12% 32% of sales 87 Corporate Ethics and Integrity DESIGN AND Doors and Hard LINES OF €3,547 History SIMULATION million ISO 50001 Trim Relevant Facts INNOVATION CENTERS ITEMS MASS- 4 21% 100 PURCHASED Instrument Panels BUSINESS 22 ISO TS/IAFT 16949 and Consoles TECHNICAL Global Automotive Market PROJECTS IN THE Business Model and Stakeholders SOLUTIONS 53,087 REGIONS DEVELOPMENT 125 Activity in 2017 SUPPLIERS OF PHASE ACCIDENT RATE IF 2017 Figures 689 DIRECT MATERIAL 54% Europe PATENTS 450 5.52 3,022 34% NAFTA INNOVATION Weight reduction OHSAS 18001 Innovative Interior 2,440 Proximity of supply to Customer Commitment Recyclability of Pro-activeness materials and processes Optimization of costs the customer Strategy 27 Innovation Biomaterials Integration of the Internationalization supply chain Standardization Differentiation Computerized Specialization Project management Industrial flexibility Just in time resistant PEOPLE Safety simulation Minimal industrial Profitability The Value of People Comfort Reliability investment Connected to the Future Global platforms Ecological performance Sturdiness Energy efficiency Human Resources in Figures Intelligent interiors Products with added Presence in all Industrial capacity segments Connectivity value Automation Smart Integrator With whom we COMMITMENT do it The Responsible Value Cycle Respect for Human Rights GLOBALIZE SHAREHOLDERS CUSTOMERS HUMAN RESOURCES RELATIONS SUPPLIERS SOCIETY Well-being, Health and Safety ZERO Environmental Commitment GREEN FOOTPRINT TO BE THE LEADING CAR INTERIORS COMPANY, CREATING VALUE FOR OUR STAKEHOLDERS Sustainable Contribution INNOVERSIA What do we do it * STA: Supplier Technical Assistant PROFILE OF THE REPORT for? annual report 47 GRUPO ANTOLIN 2017 BUSINESS MODEL STAKEHOLDERS

SHAREHOLDER

STAKEHOLDERS UNIQUE COMMITMENT TO THE FUTURE OVERVIEW CUSTOMERS LETTER 72 brands JOINT DEVELOPMENT OF SOLUTIONS COMPANY Corporate Governance Management Team INVESTORS Vision and Values Corporate Ethics and Integrity million History €400bonds issued in 2017 Relevant Facts SOLID PLATFORM FOR GROWTH BUSINESS Global Automotive Market Business Model and Stakeholders PEOPLE Activity in 2017 2017 Figures 27,951 OUR PRIORITY INNOVATION Innovative Interior Customer Commitment Strategy SUPPLIERS

million PEOPLE global€3,547 direct material purchases The Value of People RESPONSIBLE VALUE CHAIN Connected to the Future Human Resources in Figures SOCIETY COMMITMENT Creating value for our stakeholders means bringing our work and know-how The Responsible Value Cycle

countries Respect for Human Rights GLOBALIZE not only to our customers but also to our investors, suppliers and society 25 Well-being, Health and Safety ZERO as a whole. This means managing the talent of our employees, focusing on INTERNATIONAL PRESENCE Environmental Commitment GREEN FOOTPRINT corporate social responsibility and being an example of good governance Sustainable Contribution INNOVERSIA and ethics.

PROFILE OF THE REPORT annual report 48 GRUPO ANTOLIN 2017 BUSINESS MODEL STAKEHOLDERS SHAREHOLDERS

OVERVIEW

LETTER

COMPANY Corporate Governance Management Team Vision and Values Corporate Ethics and Integrity History Relevant Facts FAMILY BUSINESS Global Automotive Market SPIRIT Business Model and Stakeholders OUR IDENTITY Activity in 2017 2017 Figures Grupo Antolin starts a new stage stronger, more united and more prepared than ever, INNOVATION Innovative Interior reformulating its Vision and Values that will guide our work and our business in the coming years, Customer Commitment which will be full of exciting challenges and opportunities. These principles will undoubtedly take Strategy us to higher levels within the automotive industry as the Family Spirit value, present from our origins as a company, is extended to everyone in the organization. PEOPLE María Helena Antolin, Vice-Chair The Value of People Connected to the Future Human Resources in Figures OUR COMMITMENT

COMMITMENT To achieve excellence in our way of being and acting, contributing to gener- The Responsible Value Cycle Respect for Human Rights GLOBALIZE ating a culture of transparency and integrity that ensures decision-making Well-being, Health and Safety ZERO with a long-term vision. Environmental Commitment GREEN FOOTPRINT Sustainable Contribution INNOVERSIA Link to the "Corporate Governance” section of this report

PROFILE OF THE REPORT annual report 49 GRUPO ANTOLIN 2017 BUSINESS MODEL STAKEHOLDERS THE INVESTORS

OVERVIEW LETTER SUPPORT FOR COMPANY THE SOLIDITY Corporate Governance OF THE RESULTS OF Management Team Vision and Values GRUPO ANTOLIN AND ITS Corporate Ethics and Integrity GROWTH STRATEGY History Relevant Facts Being the leading BUSINESS company means being as Global Automotive Market Business Model and Stakeholders demanding as possible Activity in 2017 with ourselves. Grupo 2017 Figures Antolin must play a prominent role, be the INNOVATION protagonist, in all areas. Innovative Interior Customer Commitment We must be a leader in Strategy innovation, technology, OUR COMMITMENTS quality, production PEOPLE and talent with the aim Compliance and exemplary behavior. The Value of People Connected to the Future of leading the market Use of innovation to adapt with speed and efficiency to the demands of a Human Resources in Figures for car interiors. This is our market and our tremendously competitive market, reduce the footprint of the product and focus on the circular economy. COMMITMENT business, synonymous The Responsible Value Cycle with excellence, quality Respect for Human Rights GLOBALIZE Guarantee a solid financial structure to fulfil the growth and investment plan Well-being, Health and Safety ZERO and sustainability in the established for the coming years. Environmental Commitment GREEN FOOTPRINT mobility of the future. Sustainable Contribution INNOVERSIA Ernesto Antolin - Chairman http://www.grupoantolin.com/es/investors

PROFILE OF THE REPORT annual report 50 GRUPO ANTOLIN 2017 BUSINESS MODEL STAKEHOLDERS CLIENTS

OVERVIEW

LETTER

COMPANY Corporate Governance Management Team Vision and Values Corporate Ethics and Integrity THEY PERFECTLY UNDERSTAND THE History Relevant Facts GLOBAL BUSINESS ENVIRONMENT Global Automotive Market IN WHICH WE OPERATE, ALWAYS KEEPING AN EYE Business Model and Stakeholders Activity in 2017 ON WHAT IS HAPPENING IN THE INDUSTRY 2017 Figures Customer. 2017 Materiality Study We are facing significant challenges, a large number INNOVATION Innovative Interior of launches and important Customer Commitment OUR COMMITMENTS projects that we are going Strategy to undertake. We are Accompanying customers in their growth, exceeding their expectations, an- also ambitious. We will PEOPLE ticipating their needs, selling products with more added value and offering not settle for reasonably The Value of People new services where our size and knowledge can be more competitive. Connected to the Future good results. We want Human Resources in Figures results that make us feel Ensuring responsible management in the supply chain. really proud. We must be an energetic, alert and COMMITMENT Developing intelligent interiors with the best technology, materials and new The Responsible Value Cycle flexible company so that Respect for Human Rights GLOBALIZE solutions that support sustainability. Well-being, Health and Safety ZERO we can anticipate what our Environmental Commitment GREEN FOOTPRINT Continuous improvements to our processes, the quality of our products and customers want. Sustainable Contribution INNOVERSIA the satisfaction of our customers. Jesús Pascual - CEO

PROFILE OF THE REPORT annual report 51 GRUPO ANTOLIN 2017 ACURA · ALFA ROMEO · ASTON MARTIN · AUDI · BAJAJ · BEIJING-BAIC BENTLEY · BMW · BUICK · CADILLAC · CHERY · CHEVROLET · CHRYSLER CITROËN · DACIA · DENZA · DODGE · DS · EMGRAND · FERRARI · FIAT FORD · GEELY · GLEAGLE · GMC · HOLDEN · HONDA · HYUNDAI · INFINITI ISUZU · JAGUAR · JEEP · KIA · LADA · LAMBORGHINI · LANCIA OVERVIEW LAND ROVER · LINCOLN · LYNK&CO · MAHINDRA · MAN · MARUTI

LETTER MASERATI · MAZDA · MERCEDES-BENZ · MG · MINI · MITSUBISH NEVS · NIO NISSAN · OPEL · PEUGEOT · PORSCHE · QOROS · RAM · RENAULT · RIICH COMPANY Corporate Governance ROEWE · ROLLS ROYCE · SAMSUNG · SEAT · SKODA · SMART · SUZUKI Management Team Vision and Values TATA · TESLA · TOYOTA · VENUCIA · VOLKSWAGEN · VOLVO · ZOTYE Corporate Ethics and Integrity History Relevant Facts

BUSINESS Global Automotive Market Business Model and Stakeholders Activity in 2017 2017 Figures

INNOVATION Innovative Interior Customer Commitment Strategy

PEOPLE The Value of People Connected to the Future Human Resources in Figures

COMMITMENT The Responsible Value Cycle Respect for Human Rights GLOBALIZE Well-being, Health and Safety ZERO Environmental Commitment GREEN FOOTPRINT Link to the "Global Automotive Market" section of this report Sustainable Contribution INNOVERSIA Link to the "Customer Commitment" section of this report

PROFILE OF THE REPORT annual report 52 GRUPO ANTOLIN 2017 BUSINESS MODEL STAKEHOLDERS PEOPLE

OVERVIEW

LETTER

COMPANY Corporate Governance Management Team Vision and Values Corporate Ethics and Integrity History Relevant Facts

BUSINESS Global Automotive Market Business Model and Stakeholders Activity in 2017 OUR 2017 Figures PRIORITY INNOVATION Innovative Interior Customer Commitment Strategy We have the best professionals to face the challenges and take advantage of the opportunities that the transformation of this industry is providing. Only by having the right people will we be able to PEOPLE lead this revolution. Any contribution or idea can achieve great results if we identify it and deploy it The Value of People across the company. Diversity is one of Grupo Antolin's greatest assets, which we have to manage, Connected to the Future take care of and enhance. The different ways of understanding the world, together with the many Human Resources in Figures different experiences of the employees, contribute unique value to a company as global as ours. Their contribution makes Grupo Antolin a better company. COMMITMENT The Responsible Value Cycle Respect for Human Rights GLOBALIZE Well-being, Health and Safety ZERO OUR COMMITMENT Environmental Commitment GREEN FOOTPRINT Sustainable Contribution INNOVERSIA Link to the "People” section of this report

PROFILE OF THE REPORT annual report 53 GRUPO ANTOLIN 2017 BUSINESS MODEL STAKEHOLDERS THE SUPPLIERS

OVERVIEW

LETTER

COMPANY Corporate Governance Management Team Vision and Values Corporate Ethics and Integrity History KEY PLAYERS Relevant Facts IN THE VALUE CHAIN OF THE AUTOMOTIVE SECTOR BUSINESS Global Automotive Market Business Model and Stakeholders At present, Grupo Antolin works with 3,022 suppliers of direct materials and Activity in 2017 2017 Figures 700 suppliers of indirect materials; managed by a team of 150 buyers dis- Suppliers constitute tributed throughout the world. one of the fundamental INNOVATION pillars for Grupo Antolin's Innovative Interior In terms of the distribution of our sources of supply, we can say that Europe success and continuity. Customer Commitment accounts for the majority at 58%, followed by North America at 30%, China at The development of Strategy 10% and South America and Africa at 1%, respectively. the supply chain in all its dimensions is one PEOPLE With the aim of carrying out the effective and personalized monitoring of of the main tasks being The Value of People the supply chain and supporting suppliers in their adaptation to the pro- Connected to the Future carried out within the cesses defined by the company, Grupo Antolin has an international network Human Resources in Figures transformation process of Supplier Technical Assistants (STA's) to guarantee global assistance to suppliers from the ​​Quality and Development teams. The mission of an STA in which the company is COMMITMENT is to guarantee that, at the time required for the projects, Grupo Antolin immersed. The Responsible Value Cycle Respect for Human Rights GLOBALIZE plants have the production material approved according to the generic Well-being, Health and Safety ZERO Grupo Antolin requirements and any specific customer requirements. In ad- Environmental Commitment GREEN FOOTPRINT dition to meeting quality requirements, there must be a guarantee that the Sustainable Contribution INNOVERSIA requested capacity is available.

PROFILE OF THE REPORT annual report 54 GRUPO ANTOLIN 2017 BUSINESS MODEL STAKEHOLDERS

The collaboration of different areas in the company is essential for the suc- cessful fulfilment of this mission: One of the planned strategic lines established · The selection of potential suppliers must be carried out in a coordinated is a system for monitoring manner between the Purchasing and STA departments, using principles suppliers in development based on the level of service of the suppliers in development and mass OVERVIEW (SDQ = Supplier production projects. Development Quality), similar to the system LETTER · The information supplied to the purchasing department by the Engineering already applied in projects department must be received within the deadline and must be complete, in- under development COMPANY cluding any specific customer requirements that apply in each case. Corporate Governance (PQF = Projects Quality Management Team · The acceptance of suppliers by the Purchasing department must be com- Follow up). As part Vision and Values Corporate Ethics and Integrity pleted within the deadline, involving the rest of the affected departments of this, a system of History in the decision (Projects, STA, Plant). escalation of suppliers Relevant Facts has been established · The STA function must carry out a regular and structured follow-up of the which uses as computer BUSINESS activities aimed at the approval of the production material, identifying any support an application Global Automotive Market risks that may endanger the fulfilment of the mission indicated above as Business Model and Stakeholders developed in BEONE with soon as possible. Activity in 2017 the collaboration of the 2017 Figures Computing, Purchasing and STA departments INNOVATION Innovative Interior Customer Commitment Strategy

PEOPLE The Value of People Connected to the Future Human Resources in Figures

COMMITMENT The Responsible Value Cycle Respect for Human Rights GLOBALIZE Well-being, Health and Safety ZERO Environmental Commitment GREEN FOOTPRINT Sustainable Contribution INNOVERSIA

PROFILE OF THE REPORT annual report 55 GRUPO ANTOLIN 2017 BUSINESS MODEL STAKEHOLDERS

We are aware that the development OUR COMMITMENTS of a powerful and sustainable supplier Among the main challenges we face in the coming years are: OVERVIEW network is one of the foundations for The early identification of risks in the supply chain through continuous mon- LETTER maintaining the growth itoring with support from various sources, to identify any incidents (geopo- and development of litical, financial, natural disasters, etc.) and prevent these from having an COMPANY our company in the impact on the chain and jeopardizing the supply to our customers. Corporate Governance Management Team long term. Integrating The identification of strategic suppliers with whom to develop partnership Vision and Values sustainability effectively Corporate Ethics and Integrity throughout the and joint growth relationships. History entire value chain Relevant Facts The sustainability of the supply chain as a differential factor, through the is key to managing dissemination and implementation of the guidelines in the new Sustainabili- BUSINESS potential risks, ty Master Plan; with special emphasis on ensuring respect for Human Rights Global Automotive Market transforming them into by TIER 2 and TIER 3 suppliers. Business Model and Stakeholders opportunities, meeting Activity in 2017 2017 Figures the requirements of Link to the "Globalize” section of this report customers and building INNOVATION our competitive Innovative Interior advantage in the market. Customer Commitment Strategy

PEOPLE VEHICLE MANUFACTURERS OEM MARKET The Value of People Connected to the Future Human Resources in Figures First tier manufacturers Second tier manufacturers Third tier manufacturers TIER-1 TIER-2 TIER-3 Manufacturers of semi-finished COMMITMENT Manufacturers of systems, subsys- Manufacturers of systems, subsys- goods or raw materials for supply The Responsible Value Cycle tems and components that in gen- tems and components with high to component manufacturers. Respect for Human Rights GLOBALIZE eral are completely finished. They technology for their assembly into Well-being, Health and Safety ZERO use high technology and directly the systems and subsystems of the Environmental Commitment GREEN FOOTPRINT Sustainable Contribution INNOVERSIA supply the vehicle manufacturer. TIER-1 suppliers.

PROFILE OF THE REPORT annual report 56 GRUPO ANTOLIN 2017 BUSINESS MODEL STAKEHOLDERS SOCIETY GLOBAL COMMITMENT, OVERVIEW LOCAL DEVELOPMENT LETTER

COMPANY Corporate Governance Management Team Vision and Values Corporate Ethics and Integrity History Relevant Facts

BUSINESS Global Automotive Market Business Model and Stakeholders Activity in 2017 2017 Figures

INNOVATION Innovative Interior Customer Commitment Strategy As one of the world leaders in the components industry, with around 28,000 employees in 25 countries, at Grupo Antolin we are aware of our responsibility to promote the PEOPLE development of the society in which we operate, in the face of a future that poses many The Value of People challenges. This involves including "contribution to the development of society" within Connected to the Future the company's five values, extending our commitment to the environment to all our Human Resources in Figures partners and converting them into ambassadors of the values of Grupo Antolin beyond the professional area. COMMITMENT The Responsible Value Cycle Respect for Human Rights GLOBALIZE Well-being, Health and Safety ZERO OUR COMMITMENT Environmental Commitment GREEN FOOTPRINT Sustainable Contribution INNOVERSIA Link to Contribution to society: INNOVERSIA

PROFILE OF THE REPORT annual report 57 GRUPO ANTOLIN 2017 BUSINESS MODEL STAKEHOLDERS

ANALYSIS OF MATERIALITY

OVERVIEW

LETTER

COMPANY OUR RELEVANT ISSUES Corporate Governance Management Team After a few years of In a market as dynamic as the current one, with the profound transforma- Vision and Values Corporate Ethics and Integrity intense changes within tion faced by the automotive industry, the ability to adapt, to listen and to History Grupo Antolin, the understand the signals of the environment, differentiating between what is Relevant Facts materiality study was important and priority and what is not, plays a key role in the future viability carried out during the of the business. BUSINESS Global Automotive Market last quarter of 2017 Business Model and Stakeholders with a clear objective: VISION Activity in 2017 to interrelate and What does Grupo Antolin want? 2017 Figures align our strategy as a business, from a wider INNOVATION perspective than just GLOBAL AND MARKET TRENDS Innovative Interior How are we planning to deal with them? How should we deal with them? Customer Commitment economics, with the Strategy needs and expectations of the strategies of our STAKEHOLDERS PEOPLE stakeholders and the What do they expect from Grupo Antolin? The Value of People Connected to the Future environment, which Human Resources in Figures can be translated into RISKS AND OPPORTUNITIES objectives that are Of all the impacts generated as a result of our operations, which ones COMMITMENT common to the company require a concentration of our efforts and resources? The Responsible Value Cycle but customizable for Respect for Human Rights GLOBALIZE each function, business Well-being, Health and Safety ZERO BEST PRACTICES Environmental Commitment GREEN FOOTPRINT unit and region. What is our benchmark? Sustainable Contribution INNOVERSIA

PROFILE OF THE REPORT annual report 58 GRUPO ANTOLIN 2017 BUSINESS MODEL STAKEHOLDERS Current importance Priority Graphic analysis of Materiality Adaptation to the customer's needs

Occupational Health and Safety OVERVIEW Ethics and Compliance Attraction and LETTER Retention of Talent New materials and Future Professional development technologies importance COMPANY Innovation Security of information Corporate Governance Diversity Protection of in Management Team human rights in processes Vision and Values the supply chain Energy Efficiency Corporate Ethics and Integrity History Reduced use of natural Relevant Facts Social contribution resources Environmental BUSINESS impact of products Global Automotive Market Business Model and Stakeholders Attention Anticipation Activity in 2017 2017 Figures

INNOVATION Innovative Interior CURRENT IMPORTANCE FUTURE IMPORTANCE Customer Commitment Adaptation to the customer's needs New materials and technologies Strategy Occupational health and safety Security of information Ethics and Compliance Occupational Health and Safety PEOPLE Attraction and Retention of Talent Adaptation to the customer's needs The Value of People New materials and technologies Innovation in processes Connected to the Future Innovation in processes Ethics and Compliance Human Resources in Figures Professional development Attraction and Retention of Talent Protection of human rights in the supply chain Protection of human rights in the supply chain COMMITMENT Security of information Professional development The Responsible Value Cycle Diversity Reduced use of natural resources Respect for human rights GLOBALIZE Energy Efficiency Energy Efficiency Well-being, Health and Safety ZERO Social contribution Diversity Environmental Commitment GREEN FOOTPRINT Reduced use of natural resources Environmental impact of products Sustainable Contribution INNOVERSIA Environmental impact of products Social contribution

PROFILE OF THE REPORT annual report 59 ACTIVITY IN 2017

GRUPO ANTOLIN 2017

OVERVIEW

LETTER

COMPANY Corporate Governance Management Team Vision and Values Corporate Ethics and Integrity History Relevant Facts

BUSINESS Global Automotive Market Business Model and Stakeholders Activity in 2017 2017 Figures

INNOVATION Innovative Interior Grupo Antolin continues to strengthen its position as one of Customer Commitment the largest manufacturers of car interiors in the world. The Strategy company achieved sales of €5,037 million in 2017, compared to €4,982 million in the previous financial year. PEOPLE The Value of People Connected to the Future Human Resources in Figures EBITDA stood at €466 million (€462 million in the pre- the costs of raw materials, Grupo Antolin maintained vious year) and EBIT remained stable at €291 million. its profitability levels. Last year, the Company record- COMMITMENT These results do not include the Seating Business Unit, ed a net attributable profit of €242 million, compared The Responsible Value Cycle Respect for Human Rights GLOBALIZE whose sale was completed in April 2017. to €177 million in 2016. Well-being, Health and Safety ZERO Environmental Commitment GREEN FOOTPRINT Despite an environment of price reductions at the re- This increase is explained mainly by the capital gains Sustainable Contribution INNOVERSIA quest of the vehicle manufacturers and an increase in obtained from the sale of the Seating Business Unit.

PROFILE OF THE REPORT annual report 60 GRUPO ANTOLIN 2017 BY BUSINESS UNIT BY REGION OVERHEAD SYSTEMS

AND SOFT TRIM BU CONTRIBUTES

OVERVIEW OF41% THE COMPANY'S SALES LETTER

COMPANY Corporate Governance Management Team Vision and Values Corporate Ethics and Integrity History Relevant Facts MODULAR OVERHEAD SYSTEM, GLOBAL LEADER BUSINESS HEADLINER, SUNVISORS, Global Automotive Market ILLUMINATED OVERHEAD In 2017, Grupo Antolin strengthened its global leadership in the overhead Business Model and Stakeholders SYSTEM, PANORAMIC SYSTEMS systems business in terms of both production and technology. From the Activity in 2017 2017 Figures AND SOFT TRIM viewpoint of launches, a highlight is the start of manufacturing of overhead systems at the Kesckemét plant in Hungary, to supply the Jaguar E-Pace INNOVATION and Ford Eco-sport models. At the Grupo Antolin-Eurotrim and Grupo Anto- Innovative Interior lin-South Africa plants, production began for the new Volkswagen Polo plat- Customer Commitment form. In the European version of these projects, Grupo Antolin implemented Strategy an innovative process that improves productivity and allows us to optimize materials. PEOPLE The Value of People During 2017, the Company continued expanding the industrial operations Connected to the Future of the overhead systems business to respond to new projects from the ve- Human Resources in Figures hicle manufacturers. The factory in Bratislava expanded its facilities with the addition of an industrial unit, which represented an important step in Grupo COMMITMENT Antolin's industrial consolidation in Eastern Europe. The Responsible Value Cycle Respect for Human Rights GLOBALIZE Well-being, Health and Safety ZERO The sunvisor activity is also in a global expansion phase. We launched the Environmental Commitment GREEN FOOTPRINT first sunvisor for BMW in North America from the Saltillo plant in Mexico and Sustainable Contribution INNOVERSIA this business continued to grow in China.

PROFILE OF THE REPORT Pedro Santesteban DIRECTOR of the OVERHEAD SYSTEMS and SOFT TRIM BU annual report 61 GRUPO ANTOLIN 2017 BY BUSINESS UNIT BY REGION DOORS AND HARD TRIM BU

OVERVIEW

LETTER

COMPANY Corporate Governance Management Team Vision and Values CONTRIBUTES Corporate Ethics and Integrity 32% History OF THE COMPANY'S Relevant Facts SALES

BUSINESS DOOR MODULE, Global Automotive Market DOOR PANELS, MULTI-TECHNOLOGY OFFER Business Model and Stakeholders WINDOW REGULATORS Activity in 2017 2017 Figures AND MECHANISMS Last year, Grupo Antolin's doors business consolidated its position as one of the world's leading suppliers, winning important orders with Volkswagen INNOVATION and Jaguar Land Rover in Europe. The Business Unit undertook important Innovative Interior program launches for BMW, Alfa Romeo, Porsche and Volkswagen. Customer Commitment Strategy One of the main milestones last year was the launch of the largest program ever won by Grupo Antolin (the door panels for the Dodge RAM model, one PEOPLE of the most popular vehicles in the United States) with the start of produc- The Value of People tion at the new Shelby plant. Connected to the Future Human Resources in Figures Moreover, the mechanisms and window regulators business continued its growth, supported by our innovative Plastic Window Regulator concept that COMMITMENT continues to establish itself in the market. In 2017 several projects were The Responsible Value Cycle Respect for Human Rights GLOBALIZE launched, the highlights being the window regulators for the Volkswagen Well-being, Health and Safety ZERO Polo, Seat Ibiza and Volkswagen T-Roc platforms from our Grupo Anto- Environmental Commitment GREEN FOOTPRINT lin-Navarra plant, and their equivalent models from the Brazilian factory of Sustainable Contribution INNOVERSIA Iramec for the Mercosur market.

PROFILE OF THE REPORT Fernando Sanz DIRECTOR OF THE DOORS AND HARD TRIM BU annual report 62 GRUPO ANTOLIN 2017 BY BUSINESS UNIT BY REGION

CONTRIBUTES

OF21% THE COMPANY'S SALES

OVERVIEW

LETTER

COMPANY Corporate Governance Management Team Vision and Values Corporate Ethics and Integrity INSTRUMENT PANELS AND History Relevant Facts CONSOLES BU BUSINESS Global Automotive Market Business Model and Stakeholders COCKPITS, INSTRUMENT Activity in 2017 WE IMPROVE LIFE ON BOARD 2017 Figures PANELS AND CENTRAL CONSOLES The Instrument Panels and Consoles Business Unit strengthened its Tech- INNOVATION nical Centers in the Czech Republic and United Kingdom to accompany the Innovative Interior growth of Skoda and Jaguar Land Rover. During 2017, it also successfully Customer Commitment launched programs with Ford and Opel from the plants in Straubing and Strategy Silesia. It also undertook important projects for General Motors from the factories in Howell and Nashville. PEOPLE The Value of People Customers recognized the professionalism and project management expe- Connected to the Future rience of this Business Unit through placing new orders. A highlight is the Human Resources in Figures numerous programs obtained in China; for example with Geely Volvo and Audi. It also achieved new contracts for the Jaguar XE, Seat Ateca and Skoda COMMITMENT Octavia models. The Responsible Value Cycle Respect for Human Rights GLOBALIZE Well-being, Health and Safety ZERO From an innovation viewpoint, this Business Unit is working on twelve ad- Environmental Commitment GREEN FOOTPRINT vanced engineering areas focused on solutions to reduce CO2 emissions, as Sustainable Contribution INNOVERSIA well as to improve industrial flexibility.

PROFILE OF THE REPORT Miguel Ángel Prado DIRECTOR OF THE INSTRUMENT PANELS BU annual report 63 GRUPO ANTOLIN 2017 BY BUSINESS UNIT BY REGION LIGHTING BU

OVERVIEW

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COMPANY Corporate Governance CONTRIBUTES Management Team OF THE COMPANY'S6% Vision and Values SALES Corporate Ethics and Integrity History Relevant Facts

BUSINESS Global Automotive Market COMPLETE SOLUTIONS, Business Model and Stakeholders EUROPEAN LEADER IN LIGHTING Activity in 2017 INTERIOR (FUNCTIONAL AND COMPONENTS 2017 Figures AMBIENT) AND EXTERIOR The Lighting business dealt with numerous programs during last year, such INNOVATION as the Audi A8 and the Volkswagen Touareg, which included new designs, Innovative Interior and various projects for Toyota, Skoda and PSA Peugeot Citroën. Customer Commitment Strategy It also participated in the launch of the new DS7 with an overhead system console industrialized in China that incorporates a new ambient lighting con- PEOPLE cept based on the Surpright innovation, developed by Grupo Antolin. The Value of People Connected to the Future In China, this Business Unit has several projects ongoing involving lighting and Human Resources in Figures sunvisors. It is developing a new console for several of the Nissan's vehicles, of which 1.3 million units will be manufactured annually, and it won its first ambient COMMITMENT lighting business for Geely Volvo in China. The Responsible Value Cycle Respect for Human Rights GLOBALIZE Well-being, Health and Safety ZERO In the United States it was awarded the contract for a console for Honda, Environmental Commitment GREEN FOOTPRINT which represents the first major lighting program in this market. It will be Sustainable Contribution INNOVERSIA manufactured in Saltillo.

PROFILE OF THE REPORT Marta Cuevas DIRECTOR OF THE LIGHTING BU annual report 64 GRUPO ANTOLIN 2017 BY BUSINESS UNIT BY REGION

EUROPEAN REGION SPAIN, GERMANY, AUSTRIA, SLOVAKIA, FRANCE, HUNGARY, ITALY, POLAND, PORTUGAL, THE UNITED KINGDOM, CZECH REPUBLIC, ROMANIA AND RUSSIA.

REVENUE OVERVIEW CONTRIBUTES

2,705 millions of € LETTER OF54% SALES EMPLOYEES COMPANY Corporate Governance

Management Team GRUPO ANTOLIN Vision and Values EQUIPS 15,115 Corporate Ethics and Integrity PLANTS History Relevant Facts OR JIT CENTERS OF81% THE VEHICLES PRODUCED IN THIS BUSINESS REGION 74 Global Automotive Market Business Model and Stakeholders TECHNICAL Activity in 2017 AND SALES 2017 Figures OFFICES

INNOVATION

Innovative Interior 13 Customer Commitment Strategy MARKET LEADERS

PEOPLE Europe continues to be the region accounting for the largest proportion of The Value of People Grupo Antolin's sales, with 54% of the total. The European plants dealt with Connected to the Future many project launches last year as a result of the important programs won Human Resources in Figures in recent years. Grupo Antolin continues to strengthen its industrial and commercial structure in its main European markets to address new orders COMMITMENT from the car manufacturers. The Responsible Value Cycle Respect for Human Rights GLOBALIZE Well-being, Health and Safety ZERO At the same time, the continuous improvement of production processes Environmental Commitment GREEN FOOTPRINT and the commitment to quality are allowing for greater optimization and Sustainable Contribution INNOVERSIA efficiency of industrial operations in this region.

PROFILE OF THE REPORT Miguel Marañón REGIONAL DIRECTOR FOR EUROPE annual report 65 GRUPO ANTOLIN 2017 BY BUSINESS UNIT BY REGION

NAFTA REGION REVENUE UNITED STATES AND MEXICO

1,738 millions of €

OVERVIEW CONTRIBUTES EMPLOYEES 34% LETTER OF SALES 8,003 COMPANY PLANTS Corporate Governance OR JIT CENTERS Management Team Vision and Values Corporate Ethics and Integrity GRUPO ANTOLIN 28 History EQUIPS Relevant Facts TECHNICAL 63% AND SALES BUSINESS OF THE VEHICLES OFFICES Global Automotive Market PRODUCED IN NAFTA Business Model and Stakeholders Activity in 2017 2 2017 Figures

INNOVATION SOLID PRESENCE Innovative Interior Customer Commitment Grupo Antolin continued to grow in sales in North America thanks to the Strategy significant increase in the turnover of the Mexican companies with a greater diversification in customers and products. PEOPLE The Value of People In North America, the Shelby factory was built and the Tlaxcala factory was Connected to the Future opened to supply the Audi Q5 and launch (together with Grupo Antolin Human Resources in Figures Puebla) the Volkswagen Tiguan project (door panels and overhead sys- tems). Construction also began on the Alabama factory in Mcalla, which will COMMITMENT begin production in 2018. The Responsible Value Cycle Respect for Human Rights GLOBALIZE Well-being, Health and Safety ZERO Another important milestone was the launch of the Innovation department Environmental Commitment GREEN FOOTPRINT in North America, which works together with the Innovation Center in Bur- Sustainable Contribution INNOVERSIA gos and allows us to be much closer to American customers.

PROFILE OF THE REPORT Pablo Baroja REGIONAL DIRECTOR FOR NAFTA annual report 66 GRUPO ANTOLIN 2017 BY BUSINESS UNIT BY REGION

AFRICA-ASIA-PACIFIC REGION CHINA, SOUTH KOREA. INDIA, JAPAN, MOROCCO, SOUTH AFRICA, AND THAILAND. REVENUE

CONTRIBUTES OVERVIEW 514 millions of €

LETTER OF10% SALES EMPLOYEES COMPANY Corporate Governance 4,160 Management Team Vision and Values PLANTS Corporate Ethics and Integrity GRUPO ANTOLIN OR JIT CENTERS History EQUIPS Relevant Facts 22% 42 BUSINESS OF VEHICLES PRODUCED IN THE TECHNICAL Global Automotive Market AND SALES Business Model and Stakeholders ASIA-PACIFIC REGION Activity in 2017 OFFICES 2017 Figures

7 INNOVATION Innovative Interior Customer Commitment Strategy SIGNIFICANT EXPANSION PEOPLE The Value of People The Asian business contributed 10% of Grupo Antolin's sales. In China, the Connected to the Future company is winning important contracts with the large car manufacturers, Human Resources in Figures including the local automotive brands. A highlight is the new Jaguar Land Rover 551 contract for all the business units, various orders from Geely-Vol- COMMITMENT vo and our first plastic window regulator business in China for NEVS. The Responsible Value Cycle Respect for Human Rights GLOBALIZE Well-being, Health and Safety ZERO In India, record sales were achieved and a new plant was successfully launched Environmental Commitment GREEN FOOTPRINT in Ahmedabad to manufacture overhead systems for Suzuki Marutti. In South Sustainable Contribution INNOVERSIA Korea, various technical-commercial activities were launched with Hyundai.

PROFILE OF THE REPORT Jorge Juárez REGIONAL ASIA-PACIFIC DIRECTOR annual report 67 GRUPO ANTOLIN 2017 BY BUSINESS UNIT BY REGION

MERCOSUR REGION ARGENTINA AND BRAZIL

REVENUE OVERVIEW

LETTER CONTRIBUTES 81millions of € OF SALES 2% COMPANY EMPLOYEES Corporate Governance Management Team Vision and Values 67 3 Corporate Ethics and Integrity GRUPO ANTOLIN History EQUIPS PLANTS Relevant Facts OR JIT CENTERS BUSINESS OF75% VEHICLES Global Automotive Market PRODUCED IN THE 7 Business Model and Stakeholders ASIA-PACIFIC REGION Activity in 2017 2017 Figures

INNOVATION Innovative Interior Customer Commitment Strategy ALL OF THE OEM'S IN SOUTH AMERICA PEOPLE Last year was a year of important growth in Mercosur, thanks to the recovery The Value of People of the market in Brazil and good project management. Significant programs Connected to the Future were launched for the Nissan Kicks (door panels and overhead systems), Human Resources in Figures the Fiat Agro (overhead systems) and the Volkswagen Polo (window regula- tors and gearboxes). COMMITMENT The Responsible Value Cycle Respect for Human Rights GLOBALIZE In the Innovation area, a sunvisor with a polypropylene body was developed Well-being, Health and Safety ZERO for Honda in coordination with the Burgos team. Environmental Commitment GREEN FOOTPRINT * In March 2018 and after Pablo García’s appointment as Industrial Director of the Doors & Hard Trim BU, the Sustainable Contribution INNOVERSIA Mercosur Regional Office disappeared and its areas become part of the current corporate and BU structure

PROFILE OF THE REPORT Pablo García REGIONAL MERCOSUR DIRECTOR annual report 68 FIGURES 2017

GRUPO ANTOLIN 2017 ECONOMIC EFFICIENCY OVERVIEW SUSTAINABILITY BALANCE SHEET LETTER

COMPANY Corporate Governance Management Team Vision and Values Corporate Ethics and Integrity History Relevant Facts

BUSINESS Global Automotive Market Business Model and Stakeholders Activity in 2017 2017 Figures

INNOVATION Innovative Interior Customer Commitment Strategy

PEOPLE The Value of People Connected to the Future Human Resources in Figures

COMMITMENT The Responsible Value Cycle Respect for Human Rights GLOBALIZE Well-being, Health and Safety ZERO Environmental Commitment GREEN FOOTPRINT Sustainable Contribution INNOVERSIA

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COMPANY Corporate Governance IN MILLIONS OF EUROS Management Team GRUPO ANTOLIN IN FIGURES Vision and Values Figures prepared in accordance with International Financial Reporting Standards (IFRS-EU) Corporate Ethics and Integrity History Relevant Facts

BUSINESS 2016 2017 Global Automotive Market Business Model and Stakeholders Consolidated Sales 4,982.46 5,036.68 Activity in 2017 2017 Figures Consolidated EBITDA 461.69 465.69 % of consolidated sales 9.27 9.25 INNOVATION Innovative Interior Consolidated EBIT 291.17 290.99 Customer Commitment % of consolidated sales 5.84 5.78 Strategy Profit attributed to G. Antolin 177.64 242.11 PEOPLE % of consolidated sales 3.57 4.81 The Value of People Connected to the Future Investment (Tangible and Intangible) 264.38 333.43 Human Resources in Figures Equity (Own Funds + External Partners) 620.76 792.93

COMMITMENT Aggregated Average Workforce 27,702 28,913 The Responsible Value Cycle Respect for Human Rights GLOBALIZE Consolidated Average Workforce 26,846 27,951 Well-being, Health and Safety ZERO Environmental Commitment GREEN FOOTPRINT Sustainable Contribution INNOVERSIA 2016 figures restated (due to sale of the Business Unit Seating and Metal) PROFILE OF THE REPORT annual report 70 GRUPO ANTOLIN 2017 ECONOMIC EFFICIENCY SUSTAINABILITY BALANCE SHEET

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COMPANY Corporate Governance Management Team Vision and Values Corporate Ethics and Integrity History RATIOS IN MILLIONS OF EUROS Relevant Facts Figures prepared in accordance with International Financial Reporting Standards (IFRS-EU)

BUSINESS Global Automotive Market Business Model and Stakeholders Activity in 2017 2016 2017 2017 Figures FINANCIAL INNOVATION Innovative Interior Financial Leverage (Net Financial Debt / Own Funds) 1.77 1.19 Customer Commitment Strategy Indebtedness (Net Financial Debt / EBITDA) 1.89 1.86 PEOPLE The Value of People Interest Coverage (EBITDA / Net Financial Expenses) 9.01 10.58 Connected to the Future Human Resources in Figures ECONOMIC

COMMITMENT R.O.E. (Profit after tax / Own Funds + External Partners - Profit for the year) 45.68% 48.30% The Responsible Value Cycle Respect for Human Rights GLOBALIZE Well-being, Health and Safety ZERO R.O.A. (Operating profit / Average Total Assets over 2 years) 9.59% 7.95% Environmental Commitment GREEN FOOTPRINT Sustainable Contribution INNOVERSIA R.O.I. (Operating profit / Average Permanent Capital over 2 years) 17.06% 13.85%

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GRAPHIC ANALYSIS OF HISTORIC DATA IN MILLIONS OF EUROS OVERVIEW Figures prepared in accordance with International Financial Reporting Standards (IFRS-EU)

LETTER CONSOLIDATED SALES COMPANY Corporate Governance Management Team 6,000 +1.1% +3.2% Vision and Values Corporate Ethics and Integrity History 4,982.46 5,036.68 5,140.41 Relevant Facts 4,000 At average BUSINESS 2,000 Global Automotive Market exchange Business Model and Stakeholders rate 2016 Activity in 2017 2017 Figures 0 2016 2017 2017 INNOVATION Innovative Interior Customer Commitment Strategy INVESTMENT 400 +26.1% PEOPLE (tangible and intangible) 300 333.43 The Value of People Connected to the Future 200 264.37 Human Resources in Figures

100 COMMITMENT The Responsible Value Cycle Respect for Human Rights GLOBALIZE 0 Well-being, Health and Safety ZERO 2016 2017 Environmental Commitment GREEN FOOTPRINT Sustainable Contribution INNOVERSIA 2016 figures restated (due to sale of the Business Unit Seating and Metal) PROFILE OF THE REPORT annual report 72 GRUPO ANTOLIN 2017 ECONOMIC EFFICIENCY SUSTAINABILITY BALANCE SHEET

CONSOLIDATED 600 +0.9% EBITDA 461.69 465.69 400

OVERVIEW 200 LETTER 0 COMPANY 2016 2017 Corporate Governance Management Team Vision and Values Corporate Ethics and Integrity History CONSOLIDATED 400 Relevant Facts EBIT 300 -0.1% BUSINESS Global Automotive Market 200 291.17 290.99 Business Model and Stakeholders Activity in 2017 2017 Figures 100

INNOVATION 0 Innovative Interior 2016 2017 Customer Commitment Strategy +36.3% PEOPLE ATTRIBUTED 250 The Value of People 242.11 Connected to the Future PROFIT 200 Human Resources in Figures 150 177.64

COMMITMENT 100 The Responsible Value Cycle Respect for Human Rights GLOBALIZE 50 Well-being, Health and Safety ZERO Environmental Commitment GREEN FOOTPRINT 0 Sustainable Contribution INNOVERSIA 2016 2017

PROFILE OF THE REPORT 2016 figures restated (due to sale of the Business Unit Seating and Metal) annual report 73 GRUPO ANTOLIN 2017 ECONOMIC EFFICIENCY SUSTAINABILITY BALANCE SHEET

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COMPANY Corporate Governance Management Team Vision and Values Corporate Ethics and Integrity History Relevant Facts BALANCE SHEET IN MILLIONS OF EUROS Figures prepared in accordance with International Financial Reporting Standards (IFRS-EU) BUSINESS Global Automotive Market Business Model and Stakeholders Activity in 2017 ASSETS 2017 Figures 2016 2017 Goodwill 156.57 120.77

INNOVATION Non-current assets 1,270.74 1,228.66 Innovative Interior Customer Commitment Current assets 2,212.93 2,328.57 Strategy TOTAL ASSETS 3,640.24 3,678.00 PEOPLE The Value of People Connected to the Future Human Resources in Figures LIABILITIES Equity 620.76 792.93

COMMITMENT Non-current liabilities 1,427.39 1,361.98 The Responsible Value Cycle Respect for Human Rights GLOBALIZE Current liabilities 1,592.09 1,523.10 Well-being, Health and Safety ZERO Environmental Commitment GREEN FOOTPRINT Sustainable Contribution INNOVERSIA TOTAL LIABILITIES 3,640.24 3,678.00

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INCOME STATEMENT (1) IN MILLIONS OF EUROS OVERVIEW Figures prepared in accordance with International Financial Reporting Standards (IFRS-EU)

LETTER % % COMPANY 2016 2017 Corporate Governance Net sales 4,982.46 100% 5,036.68 100% Management Team Vision and Values 2.8% 3.7% Corporate Ethics and Integrity Other operating revenue 140.33 183.86 History Relevant Facts TOTAL OPERATING REVENUE 5,122.79 5,220.54 Supplies -3,225.79 -64.7% -3,275.57 -65.0% BUSINESS Global Automotive Market Personnel expenses -822.30 -16.5% -884.72 -17.6% Business Model and Stakeholders Activity in 2017 Fixed asset amortization/depreciation -170.52 -3.4% -174.70 -3.5% 2017 Figures Variation in business provisions -7.31 -0.1% 0.96 0.0%

INNOVATION Other operating expenses -697.33 -14.0% -718.27 -14.3% Innovative Interior Customer Commitment – Work carried out for fixed assets 91.63 1.8% 122.75 2.4% Strategy OPERATING PROFIT/LOSS FROM CONTINUED OPERATIONS 291.17 5.8% 290.99 5.8% PEOPLE The Value of People Financial profit/loss -51.82 -1.0% -89.76 -1.8% Connected to the Future Human Resources in Figures Net loss from impairment of non-current assets -10.39 -0.2% -56.51 -1.1%

Profit/loss from the disposal of non-current assets and other 1.18 0.0% -1.14 0.0% COMMITMENT The Responsible Value Cycle Share of results of entities accounted for using the equity method 4.05 0.1% 3.28 0.1% Respect for Human Rights GLOBALIZE Well-being, Health and Safety ZERO continues on the next page t Environmental Commitment GREEN FOOTPRINT Sustainable Contribution INNOVERSIA 2016 figures restated (due to sale of the Business Unit Seating and Metal) PROFILE OF THE REPORT annual report 75 GRUPO ANTOLIN 2017 ECONOMIC EFFICIENCY SUSTAINABILITY BALANCE SHEET

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COMPANY Corporate Governance Management Team Vision and Values IN MILLIONS OF EUROS Corporate Ethics and Integrity INCOME STATEMENT (2) History Figures prepared in accordance with International Financial Reporting Standards (IFRS-EU) Relevant Facts

BUSINESS Global Automotive Market % % Business Model and Stakeholders 2016 2017 Activity in 2017 2017 Figures PRE-TAX PROFIT 234.19 4.7% 146.86 2.9%

-1.6% -0.7% INNOVATION Income tax -79.68 -37.40 Innovative Interior PROFIT FROM CONTINUED OPERATIONS 154.51 3.1% 109.46 2.2% Customer Commitment Strategy Profit from discontinued operations, net of taxes 40.15 0.8% 148.80 3.0%

PEOPLE CONSOLIDATED PROFIT FOR THE YEAR 194.66 3.9% 258.26 5.1% The Value of People Connected to the Future Profit attributed to non-controlling interests -17.02 -0.3% -16.15 -0.3% Human Resources in Figures PROFIT ATTRIBUTED TO THE PARENT COMPANY 177.64 3.6% 242.11 4.8%

COMMITMENT CASH FLOW (Consolidated Profit + Amortization) 365.18 7.3% 432.96 8.6% The Responsible Value Cycle Respect for Human Rights GLOBALIZE EBITDA 461.69 9.3% 465.69 9.2% Well-being, Health and Safety ZERO Environmental Commitment GREEN FOOTPRINT Sustainable Contribution INNOVERSIA 2016 figures restated (due to sale of the Business Unit Seating and Metal) PROFILE OF THE REPORT annual report 76 GRUPO ANTOLIN 2017 ECONOMIC EFFICIENCY SUSTAINABILITY BALANCE SHEET

CASH FLOW STATEMENTS IN MILLIONS OF EUROS Figures prepared in accordance with International Financial Reporting Standards (IFRS-EU)

OVERVIEW 2017 LETTER CASH OR EQUIVALENT AT THE BEGINNING OF THE YEAR 306.46 COMPANY Corporate Governance CASH FLOWS FROM ORDINARY ACTIVITIES 233.14 Management Team Vision and Values Consolidated pre-tax profit 146.87 Corporate Ethics and Integrity History Adjustments 340.69 Relevant Facts Changes in working capital -142.00 BUSINESS Global Automotive Market Capital gains tax paid -112.42 Business Model and Stakeholders Activity in 2017 2017 Figures CASH FLOWS FROM INVESTMENT ACTIVITIES -325.23

Collected dividends 0.97 INNOVATION Innovative Interior Customer Commitment Divestments 16.71 Strategy Tangible and intangible investments -333.43 PEOPLE The Value of People Other Investments -9.48 Connected to the Future Human Resources in Figures CASH FLOWS FROM FINANCING ACTIVITIES -157.56

COMMITMENT NET VARIATION IN CASH OR EQUIVALENTS FOR CONTINUED OPERATIONS -249.65 The Responsible Value Cycle Respect for Human Rights GLOBALIZE NET VARIATION IN CASH OR EQUIVALENTS FOR DISCONTINUED OPERATIONS 277.12 Well-being, Health and Safety ZERO Environmental Commitment GREEN FOOTPRINT CASH OR EQUIVALENTS AT THE END OF THE YEAR 333.93 Sustainable Contribution INNOVERSIA

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OVERVIEW

LETTER SALES BY CUSTOMER IN MILLIONS OF EUROS Figures prepared in accordance with International Financial Reporting Standards (IFRS-EU) COMPANY Corporate Governance Management Team Vision and Values % % Corporate Ethics and Integrity 2016 2017 History VOLKSWAGEN GROUP 776.62 15.6% 872.85 17.3% Relevant Facts FORD MOTOR 638.51 12.8% 628.32 12.5%

BUSINESS TATA GROUP (Jaguar and Land Rover) 629.55 12.6% 587.69 11.7% Global Automotive Market Business Model and Stakeholders FIAT-CHRYSLER 579.24 11.6% 562.33 11.2% Activity in 2017 2017 Figures BMW GROUP 459.34 9.2% 428.08 8.5%

INNOVATION RENAULT-NISSAN 393.91 7.9% 422.77 8.4% Innovative Interior Customer Commitment GENERAL MOTORS 458.53 9.2% 422.70 8.4% Strategy DAIMLER 360.20 7.2% 388.63 7.7%

PEOPLE JAPANESE CUSTOMERS (Toyota, Honda and Mitsubishi) 164.82 3.3% 192.03 3.8% The Value of People Connected to the Future PSA PEUGEOT CITROËN 135.59 2.7% 156.25 3.1% Human Resources in Figures HYUNDAI-KIA 110.72 2.2% 105.26 2.1% COMMITMENT The Responsible Value Cycle OTHER (Volvo, Indian manufacturers, various and associated companies) 275.43 5.5% 269.77 5.4% Respect for Human Rights GLOBALIZE Well-being, Health and Safety ZERO CONSOLIDATED SALES 4,982.46 100% 5,036.68 100% Environmental Commitment GREEN FOOTPRINT Sustainable Contribution INNOVERSIA 2016 figures restated (due to sale of the Business Unit Seating and Metal) PROFILE OF THE REPORT annual report 78 GRUPO ANTOLIN 2017 ECONOMIC EFFICIENCY SUSTAINABILITY BALANCE SHEET

OTHER (Volvo, Indian manufacturers, various and associated companies)

HYUNDAI-KIA 5.4%

2.1% VOLKSWAGEN GROUP PSA PEUGEOT CITROËN 17.3% OVERVIEW 3.1% LETTER JAPANESE CUSTOMERS 3.8% (Toyota, Honda and Mitsubishi) COMPANY Corporate Governance Management Team Vision and Values DAIMLER Corporate Ethics and Integrity History 7.7% Relevant Facts

BUSINESS SALES 2017 Global Automotive Market FORD MOTOR Business Model and Stakeholders 12.5% Activity in 2017 5,036.68 2017 Figures GENERAL MOTORS million Euros 8.4% INNOVATION Innovative Interior Customer Commitment Strategy

PEOPLE The Value of People Connected to the Future RENAULT-NISSAN Human Resources in Figures 8.4% TATA GROUP (Jaguar and Land Rover) COMMITMENT 11.7% The Responsible Value Cycle Respect for Human Rights GLOBALIZE Well-being, Health and Safety ZERO BMW GROUP Environmental Commitment GREEN FOOTPRINT Sustainable Contribution INNOVERSIA 8.5% FIAT-CHRYSLER 11.2% PROFILE OF THE REPORT annual report 79 GRUPO ANTOLIN 2017 ECONOMIC EFFICIENCY SUSTAINABILITY BALANCE SHEET

SALES BY REGION IN MILLIONS OF EUROS Figures prepared in accordance with International Financial Reporting Standards (IFRS-EU) OVERVIEW 2016 % 2017 % LETTER Spain 376.55 7.6% 320.79 6.4% COMPANY Corporate Governance Rest of Europe 2,398.88 48.1% 2,383.77 47.3% Management Team Vision and Values North America 1,712.09 34.4% 1,737.68 34.5% Corporate Ethics and Integrity History South America 62.78 1.3% 81.18 1.6% Relevant Facts Asia-Pacific 408.11 8.2% 487.76 9.7%

BUSINESS Africa 24.05 0.5% 25.50 0.5% Global Automotive Market Business Model and Stakeholders TOTAL 4,982.46 100% 5,036.68 100% Activity in 2017 2017 Figures

INNOVATION Innovative Interior North America South America Customer Commitment Strategy 34.5% 1.6%

PEOPLE Asia-Pacific The Value of People 9.7% Connected to the Future Africa Human Resources in Figures 0.5% COMMITMENT The Responsible Value Cycle Rest of Europe Spain Respect for Human Rights GLOBALIZE Well-being, Health and Safety ZERO 47.3% 6.4% Environmental Commitment GREEN FOOTPRINT Sustainable Contribution INNOVERSIA 2016 figures restated (due to sale of the PROFILE OF THE REPORT Business Unit Seating and Metal) annual report 80 GRUPO ANTOLIN 2017 ECONOMIC EFFICIENCY SUSTAINABILITY BALANCE SHEET

OVERVIEW SALES BY BUSINESS UNIT IN MILLIONS OF EUROS Figures prepared in accordance with International Financial Reporting Standards (IFRS-EU) LETTER

COMPANY % % Corporate Governance 2016 2017 Management Team 43.1% 40.6% Vision and Values Overhead Systems and Soft Trim 2,145.63 2,044.88 Corporate Ethics and Integrity History Doors and Hard Trim 1,468.78 29.5% 1,633.65 32.4% Relevant Facts Lighting 272.37 5.5% 318.31 6.3%

BUSINESS Instrument panels and consoles 1,095.68 22.0% 1,039.84 20.6% Global Automotive Market Business Model and Stakeholders TOTAL 4,982.46 100% 5,036.68 100.0% Activity in 2017 2017 Figures

INNOVATION Instrument panels and consoles Innovative Interior Customer Commitment 20.6% Strategy

PEOPLE The Value of People Lighting Overhead Systems Connected to the Future 6.3% and Soft Trim Human Resources in Figures 40.6%

COMMITMENT The Responsible Value Cycle Doors and Hard Trim Respect for Human Rights GLOBALIZE Well-being, Health and Safety ZERO 32.4% Environmental Commitment GREEN FOOTPRINT Sustainable Contribution INNOVERSIA 2016 figures restated (due to sale of the PROFILE OF THE REPORT Business Unit Seating and Metal) annual report 81 GRUPO ANTOLIN 2017 ECONOMIC EFFICIENCY SUSTAINABILITY BALANCE SHEET

OVERVIEW INVESTMENT IN R&D AND innovation IN MILLIONS OF EUROS In 2017, Grupo Antolin's R&D and innovation efforts represent 2.96% of consolidated sales LETTER

COMPANY Corporate Governance Management Team 2016 2017 Vision and Values Corporate Ethics and Integrity SPENDING ON PROJECTS 99.70 141.49 History Relevant Facts Central sections 44.82 27.87

BUSINESS Peripheral sections 54.88 113.62 Global Automotive Market INVESTMENT IN MATERIAL RESOURCES 4.69 7.38 Business Model and Stakeholders Activity in 2017 2017 Figures TOTAL INVESTMENT IN R+D+i 104.39 148.87

INNOVATION Innovative Interior Customer Commitment Strategy 200 +42.6% PEOPLE 150 The Value of People 148.87 Connected to the Future 100 Human Resources in Figures 104.39 50 COMMITMENT The Responsible Value Cycle Respect for Human Rights GLOBALIZE 0 Well-being, Health and Safety ZERO 2016 2017 Environmental Commitment GREEN FOOTPRINT Sustainable Contribution INNOVERSIA

2016 figures restated (due to sale of the Business Unit Seating and Metal) PROFILE OF THE REPORT annual report 82 GRUPO ANTOLIN 2017 ECONOMIC EFFICIENCY SUSTAINABILITY BALANCE SHEET

EVOLUTION OF PERSONNEL AVERAGE CONSOLIDATED WORKFORCE

OVERVIEW 2016 % 2017 % LETTER Spain 2,867 10.7% 2,572 9.2% COMPANY Corporate Governance Rest of Europe 12,013 44.7% 12,543 44.9% Management Team Vision and Values North America 7,159 26.7% 8,003 28.6% Corporate Ethics and Integrity History South America 681 2.5% 673 2.4% Relevant Facts Asia-Pacific 3,269 12.2% 3,639 13.0%

BUSINESS Africa 857 3.2% 521 1.9% Global Automotive Market Business Model and Stakeholders TOTAL 26,846 100% 27,951 100% Activity in 2017 2017 Figures

INNOVATION Innovative Interior North America South America Customer Commitment Strategy 28.6% 2.4%

PEOPLE Asia-Pacific The Value of People Connected to the Future 13% Human Resources in Figures

Africa COMMITMENT The Responsible Value Cycle 1.9% Respect for Human Rights GLOBALIZE Rest of Europe Well-being, Health and Safety ZERO Spain Environmental Commitment GREEN FOOTPRINT 44.9% Sustainable Contribution INNOVERSIA 9.2%

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LETTER ECONOMIC CAPITAL IN MILLIONS OF EUROS COMPANY Corporate Governance Management Team 2016 2017 Vision and Values Corporate Ethics and Integrity Consolidated Sales 4,982.46 5,036.68 History Relevant Facts Consolidated EBITDA 461.69 465.69 % of consolidated sales 9.27 9.25 BUSINESS Global Automotive Market Consolidated EBIT 291.17 290.99 Business Model and Stakeholders Activity in 2017 % of consolidated sales 5.84 5.78 2017 Figures Profit attributed to Grupo Antolin 177.64 242.11 INNOVATION % of consolidated sales 3.57 4.81 Innovative Interior Customer Commitment Strategy

PEOPLE MATERIAL CAPITAL IN MILLIONS OF EUROS The Value of People Connected to the Future Investment (Tangible and Intangible) 264.37 333.43 Human Resources in Figures Equity (Own Funds + External Partners) 620.76 792.93 COMMITMENT The Responsible Value Cycle Respect for Human Rights GLOBALIZE Well-being, Health and Safety ZERO Environmental Commitment GREEN FOOTPRINT Figures prepared in accordance with International Financial Reporting Standards (IFRS-EU) Sustainable Contribution INNOVERSIA 2016 figures restated (due to sale of the Business Unit Seating and Metal)

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COMPANY Corporate Governance Management Team Vision and Values Corporate Ethics and Integrity TECHNOLOGICAL CAPITAL History Relevant Facts 2016 2017 Unit

BUSINESS Investment in R&D+i 104.39 148.87 M € Global Automotive Market Business Model and Stakeholders Spending on Projects 99.70 141.49 M € Activity in 2017 2017 Figures Investment in material resources 4.69 7.38 M €

INNOVATION Technical innovations patented in the last 5 years 103 105 No. Innovative Interior Customer Commitment Patents 271 261 No. Strategy Number of R&D projects up to the current year 99 102 No.

PEOPLE Number of improvement proposals issued 55,590 55,902 No. The Value of People Connected to the Future Improvement teams 33 61 No. Human Resources in Figures Best practices 47 50 No.

COMMITMENT Key Knowledge Items (cumulative figure) 73 73 No. The Responsible Value Cycle Respect for Human Rights GLOBALIZE Lessons learned in projects (cumulative figure) 2,475 2,938 No. Well-being, Health and Safety ZERO Environmental Commitment GREEN FOOTPRINT Sustainable Contribution INNOVERSIA Innovative Day Meetings 42 48 No.

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ENVIRONMENTAL CAPITAL

OVERVIEW 2016 2017 Unit COMSUMPTIONS LETTER Electricity 415.96 476.32 GWh

COMPANY Water 4,513,782 4,722,748 m3 Corporate Governance Management Team Natural gas 10,379,869 8,763,419 m3 Vision and Values Corporate Ethics and Integrity History GENERATION OF WASTE Relevant Facts Non-hazardous waste 73,348 79,386 T

BUSINESS Non-hazardous waste/sales 16.20 16.81 Tons/M€ Global Automotive Market Business Model and Stakeholders Hazardous waste 2,482 3,545 T Activity in 2017 2017 Figures Hazardous waste/sales 0.56 0.75 Tons/M€

INNOVATION RENEWABLE ENERGIES Korea Innovative Interior Customer Commitment Electricity generation by solar panels (Head Office Data) 559,571 573,380 kWh Strategy CO2 emissions avoided (Head Office Data) 644 659 T PEOPLE The Value of People PROCESSES Korea Connected to the Future Human Resources in Figures Environmental Certifications according to ISO 14001 64 65 No.

Multi-Site Certification ISO14001 32 22 No. COMMITMENT The Responsible Value Cycle Energy Certifications according to ISO 50001 5 4 No. Respect for Human Rights GLOBALIZE Well-being, Health and Safety ZERO Quality Certifications according to ISO TS 16949 113 125 No. Environmental Commitment GREEN FOOTPRINT Sustainable Contribution INNOVERSIA

PROFILE OF THE REPORT annual report 86 GRUPO ANTOLIN 2017 ECONOMIC EFFICIENCY SUSTAINABILITY BALANCE SHEET

HUMAN CAPITAL (1)

2016 2017 Unit OVERVIEW PEOPLE LETTER Aggregated average workforce (1) 27,702 28,913 No.

Total workforce at year end (1) 27,795 29,644 No. COMPANY Corporate Governance Expatriates - Secondments 39 61 No. Management Team Vision and Values Short-term secondments 112 119 No. Corporate Ethics and Integrity History Diversity women 36.17 37.49 % Relevant Facts Diversity men 64.48 62.51 %

BUSINESS Diversity nationalities 94 107 No. Global Automotive Market Business Model and Stakeholders People with special needs (1) 536 285 No. Activity in 2017 2017 Figures Average age of the workforce 38.65 38.44 years

Average seniority of the workforce 6.54 5.91 years INNOVATION Innovative Interior Workforce with collective agreement 100 100 % Customer Commitment Strategy

PEOPLE EMPLOYMENT The Value of People Connected to the Future Permanent contracts 91.82 94.08 % Human Resources in Figures Technological employment (R&D+i activities) 4.94 5.12 %

COMMITMENT Pact Agreements/Collective Agreements negotiated 26 12 No. The Responsible Value Cycle Respect for Human Rights GLOBALIZE Temporary lay offs(2) 3 0 No. Well-being, Health and Safety ZERO Environmental Commitment GREEN FOOTPRINT (1) Includes data from equity-accounted companies Sustainable Contribution INNOVERSIA (2) Data relating to companies in Spain

PROFILE OF THE REPORT annual report 87 GRUPO ANTOLIN 2017 ECONOMIC EFFICIENCY SUSTAINABILITY BALANCE SHEET

HUMAN CAPITAL (2)

2016 2017 Unit OVERVIEW TRAINING AND DEVELOPMENT LETTER Average training hours per person 35.6 33.00 hours per. COMPANY Personnel assessed with PRS criteria (3) 23.05 26.59 % Corporate Governance Management Team Personnel assessed with EWU criteria (4) 76.95 73.41 % Vision and Values % Corporate Ethics and Integrity Number of internal promotions 34.00 32.50 History Climate Survey satisfaction rate (5) 2.96 N/A No. out of 4 Relevant Facts Climate Survey participation rate (5) 73.00 N/A % BUSINESS Global Automotive Market Business Model and Stakeholders OCCUPATIONAL HEALTH AND SAFETY Activity in 2017 System Certifications according to OHSAS 18001 25 27 No. 2017 Figures Workforce covered by OHSAS Certificate 18001 28 30 % INNOVATION No. Innovative Interior Global frequency index (6) 6.75 5.52 Customer Commitment (7) No. Strategy Severity rate 0.31 0.22 Absence due to common illness 3.09 2.56 % PEOPLE The Value of People Fatal accidents 0 2 No. Connected to the Future (2) No. Human Resources in Figures Supplier services approved by OHS 643 750 People in charge of Occupational Health and Safety 115 110 No. COMMITMENT The Responsible Value Cycle Respect for Human Rights GLOBALIZE (2) Data refers to companies in Spain Well-being, Health and Safety ZERO (3) PRS - Performance Management System applicable to Indirect Labor (MOI/MOE) Environmental Commitment GREEN FOOTPRINT (4) UET - Elementary Work Units Data referring to Direct Labor (MOD) Sustainable Contribution INNOVERSIA (5) Three-year period (6) Accidents at work and/or occupational diseases with medical leave for every million hours worked (7) Number of working days lost for every thousand hours worked PROFILE OF THE REPORT annual report 88 GRUPO ANTOLIN 2017 ECONOMIC EFFICIENCY SUSTAINABILITY BALANCE SHEET

SOCIAL CAPITAL

2016 2017 Unit

OVERVIEW HUMAN RIGHTS AND ETHICS Communication of the new version of the Code of Ethics and Conduct 100 100 % LETTER Express acceptance of the new version of the Code of Ethics and Conduct N/A 36 %

COMPANY Monitoring of human rights activity by company 100 100 % Corporate Governance Management Team Face-to-face training N/A 23 No. Vision and Values Corporate Ethics and Integrity People trained: managerial and office personnel N/A 945 No. History Relevant Facts Whistle Blowing: Complaints received 3 0 No.

Whistle Blowing: Complaints handled 3 0 No. BUSINESS Global Automotive Market Other channels: Complaints received N/A 21 No. Business Model and Stakeholders Activity in 2017 Other channels: Corrective actions N/A 12 No. 2017 Figures Non-conformities N/A 54 No. INNOVATION Innovative Interior Corrective actions implemented N/A 57 % Customer Commitment Strategy Ethics Committee-Network Compliance Meetings in 2017 3 4 No.

PEOPLE SUPPLY CHAIN The Value of People Connected to the Future Purchase volume of direct material 3,971 3,547 M € Human Resources in Figures Number of direct material suppliers 3,706 3,022 No.

COMMITMENT Suppliers with relevant impact 12.08 17 % The Responsible Value Cycle Respect for Human Rights GLOBALIZE Number of STA’s * 47 62 No. Well-being, Health and Safety ZERO Environmental Commitment GREEN FOOTPRINT Purchases at Special Employment Centers 1,569 1,413 M € Sustainable Contribution INNOVERSIA

PROFILE OF THE REPORT annual report 89 INNOVATION INNOVATIVE INTERIOR CUSTOMER COMMITMENT STRATEGY

GRUPO ANTOLIN annual report 2017 90 INNOVATIVE INTERIOR

GRUPO ANTOLIN 2017

OVERVIEW Innovation is one of Grupo Antolin's LETTER strategic pillars, and it is currently working COMPANY on 53 projects in the Corporate Governance research phase and 50 Management Team Vision and Values in the validation phase. Corporate Ethics and Integrity It has 27 innovative History solutions available for Relevant Facts development in the market. BUSINESS Global Automotive Market Business Model and Stakeholders IN 2017, THE INVESTMENT Activity in 2017 PERCENTAGE IN R&D+i 2017 Figures was COMMITMENT TO INNOVATION INNOVATION Innovative Interior 2.96% Grupo Antolin's current leadership is the result of its firm commitment to Customer Commitment of the sales figures innovation in order to adapt to the evolution and needs of the automotive Strategy market.

PEOPLE Innovation forms part of the company's values and will undoubtedly be the The Value of People motor that guarantees Grupo Antolin's success when faced with the disrup- Connected to the Future tive changes experienced by the sector with the electric, self-drive and con- Human Resources in Figures nected car and the digitalization of processes.

COMMITMENT Faced with these challenges, Grupo Antolin is committed to a Smart Integra- The Responsible Value Cycle Respect for Human Rights GLOBALIZE tor strategy. Many of the new elements that will be incorporated into the car Well-being, Health and Safety ZERO of the future and its control electronics will form part of the interior structures Environmental Commitment GREEN FOOTPRINT of the vehicle. Therefore, Grupo Antolin has the opportunity to integrate them Sustainable Contribution INNOVERSIA into its products, increasing their added value.

PROFILE OF THE REPORT Javier Villacampa DIRECTOR OF CORPORATE INNOVATION annual report 91 GRUPO ANTOLIN 2017

The ELECTRONICS department will bring In order to ensure more efficient resource manage- together all of the global resources ment, last year the company strengthened its Corpo- associated with this activity in Grupo rate Innovation Department with two new Areas: the Antolin, from design to the production of Electronics and Integrated Products Department and solutions. the R&D Department. OVERVIEW CORPORATE The INTEGRATED PRODUCTS department will work to integrate LETTER INNOVATION DEPARTMENT lighting technologies, sensorization, mechatronics and new materials into COMPANY Corporate Governance ELECTRONICS AND RESEARCH Grupo Antolin's components. Management Team INTEGRATED AND DEVELOPMENT Vision and Values PRODUCTS DEPARTMENT Corporate Ethics and Integrity DEPARTMENT History The R&D DEPARTMENT will bring Relevant Facts together all of the research areas (materials, industrial design and surfaces BUSINESS or mechanisms), as well as its product Global Automotive Market and process engineering. Business Model and Stakeholders Activity in 2017 2017 Figures

INNOVATION Innovative Interior Customer Commitment Strategy

PEOPLE The Value of People Connected to the Future Human Resources in Figures

COMMITMENT The Responsible Value Cycle Respect for Human Rights GLOBALIZE Well-being, Health and Safety ZERO Environmental Commitment GREEN FOOTPRINT Sustainable Contribution INNOVERSIA

PROFILE OF THE REPORT annual report 92 GRUPO ANTOLIN 2017

2017 FEEL AND ENJOY THE INTERIOR OF THE FUTURE OVERVIEW

LETTER

COMPANY Corporate Governance Management Team Vision and Values Corporate Ethics and Integrity History Relevant Facts

BUSINESS United States Spain Global Automotive Market Business Model and Stakeholders France United Kingdom Activity in 2017 2017 Figures

INNOVATION Innovative Interior Customer Commitment Strategy

PEOPLE The Value of People Connected to the Future Human Resources in Figures

In its commitment to innovation, creativity and talent, last year Grupo Anto- COMMITMENT lin launched the first edition of the Design Challenge that asked university The Responsible Value Cycle Respect for Human Rights GLOBALIZE and design school students from all over the world to imagine what a ve- Well-being, Health and Safety ZERO hicle interior could be like between the years 2025 and 2030. Finally, after Environmental Commitment GREEN FOOTPRINT analyzing all the projects received, Grupo Antolin awarded four students a Sustainable Contribution INNOVERSIA prize for their designs of the interior of the vehicle of the future.

PROFILE OF THE REPORT annual report 93 COMMITMENT TO CUSTOMERS

GRUPO ANTOLIN 2017

OVERVIEW

LETTER

COMPANY Corporate Governance Management Team Vision and Values Corporate Ethics and Integrity History Relevant Facts

Innovating involves BUSINESS Global Automotive Market reinventing yourself Business Model and Stakeholders A FIRM COMMITMENT TO INNOVATION: every day, always with Activity in 2017 the aim of improving. 2017 Figures TECH DAYS Ernesto Antolin INNOVATION During 2017, Grupo Antolin was again committed to developing innovative Innovative Interior solutions to improve the onboard experience in the vehicle. Today more Customer Commitment than ever, innovation is a value present within the company in order to lead Grupo Antolin has a Strategy the vehicle interior industry. single objective: to develop intelligent PEOPLE Our customer focus determines our strategy of having a global presence interiors using the The Value of People in order to be able to address the growing demand from manufacturers for Connected to the Future global platforms. In 2017, Grupo Antolin has been at the forefront of the best technology and Human Resources in Figures interior business with high quality, innovative products, and is a leader in materials and new innovation and technology. solutions. COMMITMENT The Responsible Value Cycle Respect for Human Rights GLOBALIZE The company is ready to deal with the new trends and changes taking place Well-being, Health and Safety ZERO all the time in the automotive industry. Thanks to the company's commit- Environmental Commitment GREEN FOOTPRINT ment to R&D, Grupo Antolin has played, still plays and will continue to play Sustainable Contribution INNOVERSIA a key role in continuing to be a leading supplier.

PROFILE OF THE REPORT annual report 94 GRUPO ANTOLIN 2017

OVERVIEW

LETTER

COMPANY Corporate Governance Management Team Vision and Values Corporate Ethics and Integrity History Relevant Facts

BUSINESS Global Automotive Market Business Model and Stakeholders Activity in 2017 2017 Figures

INNOVATION Innovative Interior TECH DAY AT FORD Customer Commitment Strategy INNOVATION Ford, one of Grupo Antolin's large PEOPLE American customers, learned about The Value of People the Company's technological offer TECH DAY AT JAGUAR LAND ROVER Connected to the Future first-hand thanks to the Tech Day Human Resources in Figures ADVANCES IN AMBIENT LIGHTING organized at its Dearborn facilities (Michigan, USA) in January. The In February, Grupo Antolin participated in an exhibition focused on ambient light- COMMITMENT main purchasing directors from the ing for Jaguar Land Rover in Coventry (United Kingdom). Personnel from Grupo The Responsible Value Cycle Respect for Human Rights GLOBALIZE American manufacturer participated Antolin in France, Spain, Germany and the United Kingdom explained the latest Well-being, Health and Safety ZERO in the working session, which was trends in interior lighting and the solutions offered by the company. Around 50 Environmental Commitment GREEN FOOTPRINT also attended by more than 400 employees visited Grupo Antolin's stand, including senior managers in interior Sustainable Contribution INNOVERSIA Ford employees. design and color/trim and engineering from Jaguar Land Rover.

PROFILE OF THE REPORT annual report 95 GRUPO ANTOLIN 2017

OVERVIEW

LETTER

COMPANY Corporate Governance CAR DESIGN NIGHT GENEVA Management Team Vision and Values SPONSOR Corporate Ethics and Integrity History Grupo Antolin sponsored Car Design Night Geneva, one of the most recognized design events in the automotive Relevant Facts industry. This event was attended by more than 300 people, mostly designers and managers from the Color&Trim departments of the vehicle manufacturers and the most important design studios around the world. The event was BUSINESS held in March and was organized by Car Design News in collaboration with the organizers of the Geneva Motor Show. Global Automotive Market Business Model and Stakeholders Activity in 2017 2017 Figures

INNOVATION Innovative Interior Customer Commitment Strategy

PEOPLE The Value of People Connected to the Future Human Resources in Figures

COMMITMENT EXHIBITION FOR PORSCHE The Responsible Value Cycle Respect for Human Rights GLOBALIZE In July, Grupo Antolin organized an exhibition for Porsche in Weissach (Germany). The event was attended by em- Well-being, Health and Safety ZERO ployees from the German manufacturer. The exhibition lasted all day with various specific presentations on advanced Environmental Commitment GREEN FOOTPRINT engineering and innovation in three fundamental areas: overhead systems, doors and cockpits, with lighting being a Sustainable Contribution INNOVERSIA common element in all of them.

PROFILE OF THE REPORT annual report 96 GRUPO ANTOLIN 2017

TECH DAY FOR HYUNDAI - KIA leading the industry's revolution. Grupo Antolin experts 1,200 ENGINEERS IN R&D+i from Spain, China and Japan gave technical presenta- Grupo Antolin successfully held a Tech Day for Hyun- tions to the engineers from Hyundai-Kia. dai in South Korea. The event was attended by 1,200 engineers from Hyundai's Research and Development In June, Grupo Antolin also participated in a Hyundai OVERVIEW Department, who were interested in Grupo Antolin's vi- seminar for door panels, together with other suppliers sion of the future and its technological commitment to from the industry. LETTER

COMPANY Corporate Governance Management Team Vision and Values Corporate Ethics and Integrity History Relevant Facts

BUSINESS Global Automotive Market Business Model and Stakeholders Activity in 2017 2017 Figures

INNOVATION Innovative Interior Customer Commitment Strategy

PEOPLE The Value of People Connected to the Future Human Resources in Figures

COMMITMENT The Responsible Value Cycle Respect for Human Rights GLOBALIZE Well-being, Health and Safety ZERO Environmental Commitment GREEN FOOTPRINT Sustainable Contribution INNOVERSIA

PROFILE OF THE REPORT annual report 97 GRUPO ANTOLIN 2017

TECH DAY WITH BMW

In April, Grupo Antolin held a Tech Day in Munich (Germany) to show- case its technology and innovation OVERVIEW in lighting to BMW. This meeting was an opportunity to show the German LETTER vehicle manufacturer its lighting in- novations and current advanced en- COMPANY gineering concepts. Corporate Governance Management Team Vision and Values Corporate Ethics and Integrity History Relevant Facts

BUSINESS Global Automotive Market Business Model and Stakeholders Activity in 2017 2017 Figures

INNOVATION CHINA VEHICLE Innovative Interior INTERIOR SUMMIT Customer Commitment Strategy PARTICIPATION Grupo Antolin participated in the PEOPLE 2017 China Vehicle Interior Summit The Value of People held in Shanghai at the end of Octo- Connected to the Future ber. This event, one of the most rec- Human Resources in Figures ognized in the automotive industry in what is the largest car market in COMMITMENT the world, allowed Grupo Antolin to The Responsible Value Cycle Respect for Human Rights GLOBALIZE display its products and technologi- Well-being, Health and Safety ZERO cal innovations on its own stand, as Environmental Commitment GREEN FOOTPRINT well as exchange opinions and ideas Sustainable Contribution INNOVERSIA with experts from the sector.

PROFILE OF THE REPORT annual report 98 STRATEGY

GRUPO ANTOLIN 2017

MATERIALS AND OVERVIEW PROCESSES Focused mainly on weight LETTER reduction to minimize C02 emissions, the use COMPANY of ecological materials Corporate Governance Management Team (recyclable / recycled) and Vision and Values cost. Corporate Ethics and Integrity Grupo Antolin's innovation plan includes the following strategic lines, fields History in which it has extensive experience and which are proving to be very impor- Relevant Facts tant for car manufacturers: MATERIALS and PROCESSES, INDUSTRIAL FLEX- INDUSTRIAL FLEXIBILITY IBILITY and INTELLIGENT INTERIORS: Supporting the brand strategy of our Innovative process BUSINESS customers is essential for the end user experience and the perceived quality to produce different Global Automotive Market based on personalization. Business Model and Stakeholders functions. Adaptation Activity in 2017 to meet the demands of 2017 Figures Most experts say that the sector will change more in the coming five years the market in constant than it has in its entire history. The automotive sector faces great changes evolution with minimum and, specifically, four major trends: Mobility, Self-Driving Vehicle, Electrifica- INNOVATION investment. Technology, Innovative Interior tion and Digitalization. Customer Commitment materials and new Strategy This will lead to a change in the forms of use: cars that drive themselves, re- solutions. strictions on driving cars in big cities, connectivity, etc. All of this will make PEOPLE the car a space where we will spend a lot of time, so its interior must adapt to INTELLIGENT INTERIORS The Value of People these new functionalities and uses. Connected to the Future Supporting the brand Human Resources in Figures strategy of our customers Grupo Antolin must play a fundamental role in offering its customers solu- tions for all these new requirements and continue supplying products that is essential for the end COMMITMENT are more lightweight, of higher quality, with the best features and at the user experience and the The Responsible Value Cycle Respect for Human Rights GLOBALIZE most competitive price. The "New Interior" and "Industry 4.0" initiatives, perceived quality based Well-being, Health and Safety ZERO launched to address the sector's transformation, will help us to remain at on personalization. Environmental Commitment GREEN FOOTPRINT the forefront of the interior business and be recognized as a leading com- Sustainable Contribution INNOVERSIA pany in Innovation.

PROFILE OF THE REPORT annual report 99 PEOPLE THE VALUE OF PEOPLE CONNECTED TO THE FUTURE HUMAN RESOURCES IN FIGURES

GRUPO ANTOLIN annual report 2017 100 THE VALUE OF PEOPLE

GRUPO ANTOLIN 2017

OVERVIEW

LETTER

COMPANY Corporate Governance Management Team Vision and Values Corporate Ethics and Integrity Leading this revolution History requires fostering a new Relevant Facts type of leadership that is capable of managing BUSINESS Global Automotive Market people, resources and Business Model and Stakeholders results and identifying Activity in 2017 2017 Figures growth opportunities for the organization and its ALL OF US ARE THE KEY TO SUCCESS INNOVATION team, to build a future from The vehicle's interior will play a leading role in the mobility of the future, Innovative Interior the present. Attracting, motivated by the profound transformation that the automotive sector is ex- Customer Commitment managing and retaining periencing. Factors such as globalization, the emergence of the self-driving Strategy the best professionals is and connected vehicle, its electrification, business digitalization, the new essential in the knowledge mobility models, and the automation and robotization of production are al- PEOPLE economy of the 21st ready determining the features of the future labor market. Being part of this The Value of People transformation presents multiple challenges that require a strong commit- Connected to the Future century. We need to have ment to the greatest asset that companies have: people. Human Resources in Figures high performance teams working on innovative During the past year, we have faced numerous important challenges that we COMMITMENT projects. Only with the best have been able to overcome thanks to the effort and dedication of a global The Responsible Value Cycle Respect for Human Rights GLOBALIZE team will we be able to team of highly qualified professionals committed to their work. Considered one Well-being, Health and Safety ZERO lead the global market for of Grupo Antolin's main strengths, according to the 2017 Materiality study, this Environmental Commitment GREEN FOOTPRINT the manufacturing of car commitment to the team will allow us to go far in the new phase we are enter- Sustainable Contribution INNOVERSIA interiors. ing with the reformulation of the company's Vision and Values. PROFILE OF THE REPORT annual report 101 GRUPO ANTOLIN 2017

OVERVIEW

LETTER

COMPANY Corporate Governance Management Team Vision and Values Corporate Ethics and Integrity It will come as no surprise History Relevant Facts that people are the origin and objective of BUSINESS the strategy defined by Global Automotive Market As a result of the analysis of our strengths and differential value, Grupo Anto- the company in human Business Model and Stakeholders lin wants to become the leading company in innovation, technology, quality, resources. Forming Activity in 2017 2017 Figures production and talent. This means knowing how to manage, look after and en- part of Grupo Antolin's hance the talent of our employees, as well as committing to corporate social re- Strategic Plan, the INNOVATION sponsibility and to being an example of good governance and ethics; bringing 2018-2022 Human Innovative Interior our good work and expertise not only to the customers, but also to investors, Resources Strategic Customer Commitment suppliers and society as a whole. Plan defines action lines Strategy and tools that facilitate We must all contribute to making Grupo Antolin a better company each day in the implementation of an extremely competitive industry. Along with Family Spirit, Passion, Innova- PEOPLE programs and projects The Value of People tion and Contribution, People is one of the company's 5 values that form the Connected to the Future to accompany the key to success. Having People as a value means generating a climate of trust, Human Resources in Figures being tolerant of mistakes and learning from them, recognizing achieve- professional development ments, working as a team, listening to others, communicating better among of the people who form the COMMITMENT ourselves and acting with transparency. In this task, the role of the manag- company. The Responsible Value Cycle Respect for Human Rights GLOBALIZE ers and directors of the different departments, business units and regions is Well-being, Health and Safety ZERO essential. The different ways of understanding the world, together with the Environmental Commitment GREEN FOOTPRINT many different experiences of the employees, bring unique value to a compa- Sustainable Contribution INNOVERSIA ny as global as ours.

PROFILE OF THE REPORT annual report 102 GRUPO ANTOLIN 2017 2018-2022 GRUPO Human Resources ANTOLIN Strategic Plan PEOPLE GRUPO ANTOLIN THE KEY TO STRATEGIC PLAN SUCCESS SAP BI BW BO e-REQUEST ORGANIZATION, OCCUPATIONAL TALENT COMPENSATION HEALTH AND SAP GRC WHO IS WHO MANAGEMENT AND MOBILITY SAFETY SUCCESS FACTOR PRS OVERVIEW

LETTER SUSTAINABILITY MASTER PLAN

COMPANY Corporate Governance Management Team PEOPLE the key to success Recognize achievements: everyone contributes to success Vision and Values Value Build a climate of trust Corporate Ethics and Integrity Be tolerant with mistakes History Listen, communicate: act with transparency Related trends Relevant Facts Teamwork

BUSINESS ACCELERATED TALENT AND IMPACT OF NEW AUTOMATION AND HUMAN CHANGES IN COMPANY- Global Automotive Market URBANIZATION, POPULATION SKILLS OF THE TECHNOLOGIES ON ROBOTIZATION OF THE RIGHTS IN EMPLOYEE RELATIONSHIP Business Model and Stakeholders GROWTH AND AGING OF THE FUTURE - TALENT THE BUSINESS - BIG PRODUCTION- MAN-MACHINE THE VALUE FLEXIBILITY IN LABOR POPULATION WAR DATA INTERACTION CHAIN RELATIONS Activity in 2017 2017 Figures

Long-term vocation Team commitment Technical knowledge and business focus INNOVATION Strengths Innovative Interior Customer Commitment Internationalization and customer support Global solutions and balance between standardization and flexibility Strategy Economic efficiency and financial strength

PEOPLE Current The Value of People Aspects to importance Connected to the Future reinforce Priority Human Resources in Figures Occupational Health and Safety 2017 Attraction and Materiality COMMITMENT Retention of Talent The Responsible Value Cycle Study Future Professional development Respect for Human Rights GLOBALIZE importance Well-being, Health and Safety ZERO Diversity Environmental Commitment GREEN FOOTPRINT Sustainable Contribution INNOVERSIA Attention Anticipation PROFILE OF THE REPORT annual report 103 CONNECTED TO THE FUTURE GRUPO ANTOLIN 2017 CONNECTED DATA CONNECTED SYSTEMS OVERVIEW

LETTER CONNECTED PEOPLE

COMPANY Corporate Governance Management Team Vision and Values Corporate Ethics and Integrity History Relevant Facts

BUSINESS FEATURED PROJECTS Global Automotive Market Business Model and Stakeholders · Industrial Talent. Identifying, developing and retaining ATTRACTING TALENT Activity in 2017 key industrial talent. 2017 Figures · Employer Branding. To strengthen and establish the company's global image as an employer brand through- · Young Talent. Improving the acquisition of talent through attracting and developing young talent. INNOVATION out the world. Innovative Interior · Extraordinary Leader. Transforming good leaders into Customer Commitment MANAGING AND RETAINING TALENT excellent ones Strategy AT ALL LEVELS · Corporate Improvement. IM3. EPS. Identification of Talent at internal talent through the launch of initiatives to im- PEOPLE Grupo Antolin prove competitiveness and customer satisfaction: im3. The Value of People Imagine Improve Implement and EPS Expert in Problem Connected to the Future LOW performance HIGH performance Solving. Human Resources in Figures HIGH potential HIGH potential · Mobility Grid. To identify employees in the company Performance who are performing well in their current positions and COMMITMENT available to support the organization internationally in The Responsible Value Cycle Respect for Human Rights GLOBALIZE LOW performance HIGH performance certain situations, through temporary secondments. LOW potential LOW potential Well-being, Health and Safety ZERO · Successions Plan. To clarify and manage the develop- Environmental Commitment GREEN FOOTPRINT ment and contribution of people in the organization de- Sustainable Contribution INNOVERSIA Potential pending on their level of contribution.

PROFILE OF THE REPORT annual report 104 GRUPO ANTOLIN 2017

VALUE-BASED MANAGEMENT different tools to make internal decisions and for exter- · New interview Development of the Performance Re- nal information. view System. FUEL Model. Effective performance feed- ERS. E-request. Integrated management system for HR back conversations based on 360 degree communica- application processes, vacancies, candidates, transfers OVERVIEW tion, the vision and values of Grupo Antolin. and global and individual salary increases. Business Intelligence. Human Resources manage- LETTER PROFESSIONAL DEVELOPMENT ment indicators scorecard. · Corporate training. Developing the organization's · Improvement of the recruitment and selection process- professionals through continuous training aligned COMPANY es, basing the process on the information technologies. Corporate Governance with the company's strategy, so that it impacts on peo- Management Team ple's behavior: their skills, attitudes and/or knowledge. TOOLS: Vision and Values Highlights are 4.0 Training Programs and Insight Skills. Corporate Ethics and Integrity ERS. E-Request. History · Dual Vocational Training. To coach, train and prepare Relevant Facts young people in the company's process and technolo- Social networks linked to Employer Branding gies, through a cross-cutting process of technical the- Corporate Website. New employment site. BUSINESS oretical-practical training (available in Germany. Spain. Global Automotive Market United States. Mexico). Success Factor. Digitalization of recruitment/selec- Business Model and Stakeholders tion and training processes. More info: link to news item on the opening of a Dual VT Activity in 2017 2017 Figures center in Spain REMUNERATION INNOVATION HR DIGITALIZATION · MBO. Alignment of variable remuneration with person- Innovative Interior alized strategic objectives according to function. First · Quick and visual dissemination of data to the organiza- Customer Commitment phase: Quality Objectives. Strategy tion, obtained in real time and not as a report. · VR. Variable Remuneration. Implementation of the new VR · Integration of HR data with other business variables. technical-sales office system with extension of financial tar- PEOPLE · Evolution of HRIS solutions to cloud solutions (SAP, gets to all groups with Variable Variable Remuneration. The Value of People SFSF). Connected to the Future · Total Remuneration Model. Measurement of the emotion- Human Resources in Figures · Reliability of information based on the existence of a al salary as a non-monetary element of compensation. single system to feed into the different data on the em- · Salary differentiation. Information for markets and insti- ployees. COMMITMENT tutions about compliance through sustainable remunera- The Responsible Value Cycle Respect for Human Rights GLOBALIZE tion models (gender and wage gap reports). TOOLS: Well-being, Health and Safety ZERO · Glocal Strategy. Definition of specific strategies in Environmental Commitment GREEN FOOTPRINT SAP HR. Single SAP module implemented in all of Grupo countries with particularly active wage markets: Eastern Sustainable Contribution INNOVERSIA Antolin's companies that can be used in the company's Europe, India, China and the United States.

PROFILE OF THE REPORT annual report 105 GRUPO ANTOLIN 2017

OVERVIEW

LETTER

COMPANY Corporate Governance Management Team Vision and Values Corporate Ethics and Integrity History Relevant Facts DIVERSITY AND INCLUSION · Corporate Diversity. Recognize and integrate the dif- BUSINESS ferent dimensions of diversity into the management of Global Automotive Market the work teams, taking into account the performance of Business Model and Stakeholders MOBILITY the people who comprise the team with their different Activity in 2017 2017 Figures · Global Mobility. Alignment of the geographical mobility roles, as a factor for the differentiation and growth of function with the business strategy. the company. More info: link to Sustainability Master Plan INNOVATION · 2018-2022 Policy. Adaptation of the mobility policy Innovative Interior to new groups - GiG employees (micro-projects), Mil- Customer Commitment lennials, Centennials, Pre-retirees, Mobility Grid. Strategy OCCUPATIONAL HEALTH AND SAFETY · Success of the assignment. Definition of indicators to · ZERO 0.0. Design and industrialization of safer and assess the success of the assignment through the con- more ergonomic processes. PEOPLE solidation of external tools (Tax and Security) and our The Value of People own tools (ERS, SAP, Success factor). · It's in your hands. Promotion of the culture of a safe and Connected to the Future healthy workplace Human Resources in Figures · ISO 45001. Adaptation of the OHS Management Sys- TOOLS: tem, in keeping with the management model ISO 45001. COMMITMENT The Responsible Value Cycle Mobility Portal. Relevant professional and person- · Think about your health. Promotion of well-being in the Respect for Human Rights GLOBALIZE al information in continuous evolution thanks to the workplace as part of the Healthy Company program. Well-being, Health and Safety ZERO company's contribution and employee experiences Environmental Commitment GREEN FOOTPRINT internationally. More info: link to the ZERO line of the Report Sustainable Contribution INNOVERSIA

PROFILE OF THE REPORT annual report 106 HUMAN RESOURCES IN FIGURES

GRUPO ANTOLIN 2017 SOCIAL RELATIONS DEVELOPMENT Workforce with CURRENT Average training hours OVERVIEW collective agreement per person DIVERSITY FIGURES 2017 AND INCLUSION LETTER EMPLOYABILITY 100% 33 Women Collective COMPANY Professionals Training investment Agreements and Pacts Corporate Governance at 12.31.2017 to turnover 37.49% Management Team Men Vision and Values 12 Corporate Ethics and Integrity 29,644 0.06% History Average workforce Filled through 62.51% OCCUPATIONAL Relevant Facts internal promotion Nationalities HEALTH AND 27,951 SAFETY BUSINESS 32.5% 107 Global Automotive Market Permanent contracts Global Business Model and Stakeholders Personnel assessed Languages Frequency Index Activity in 2017 with PRS criteria 2017 Figures 94.08% addressing the origin of people 5.52 Average seniority 26.59% INNOVATION Global Innovative Interior 38 Severity Rate Customer Commitment 5.91 INTERNATIONAL Strategy MOBILITY Technological employment 0.22 1% People Short term mobilities with with different PEOPLE 10 different origins and New OHSAS 18001 The Value of People 5.12% abilities Certificates Connected to the Future destinations in 13 countries Human Resources in Figures 119 Average age 5 COMMITMENT Long term mobilities 38.44 Employees covered The Responsible Value Cycle by OHSAS 18001 Respect for Human Rights GLOBALIZE certificates Well-being, Health and Safety ZERO 61 Environmental Commitment GREEN FOOTPRINT Sustainable Contribution INNOVERSIA 30%

PROFILE OF THE REPORT annual report 107 GRUPO ANTOLIN 2017

WORKPLACE CLIMATE FUTURE Year 2019, satisfaction OCCUPATIONAL HEALTH COMMITMENT rate in the workplace cli- Management profiles AND SAFETY 2022 MANAGEMENT trained in mate survey of OF TALENT AND development interview 2018-2022 13% PROFESSIONAL >3 out of 5 annual reduction compared to 2.86 in 2016 OVERVIEW DEVELOPMENT 1,000 in the Global Frequency Index. Turnover in Target GFI < 3.0 COMPENSATION LETTER key positions 60 days on average to complete selection COMPANY 3% processes Global adjustment 2018-2022 6% Corporate Governance industrial ISM and annual reduction Management Team Back ups for technical-sales office under in the Global Vision and Values each key position 313 Executives budget, year Severity Rate Corporate Ethics and Integrity with level 4 Target GSR < 0.15 History strategic Relevant Facts 2018 2 contribution to the Promotions with organization Implementation 2022 90% BUSINESS industrial profile “Dene Dalton & Paul of the new Variable Remu- of employees under Global Automotive Market Thompson” Model neration System (VR) ISO 45001 certification. Business Model and Stakeholders in the technical-sales offic- 70% in 2021 Activity in 2017 70% es, year 50% in 2019 2017 Figures 30 hours on average Recruitment of training young talent per person 2018 Year 2019, satisfaction INNOVATION programs rate in the Innovative Interior Process for annual workplace climate Customer Commitment HR DIGITALIZATION review and approval survey of Strategy 80% of the fixed and Satisfaction rate Year 2022, variable remuneration of >3.10 out of 5 PEOPLE of the Extraordinary double followers all IL, year compared to 2.89 in 2016 The Value of People leader project on social networks Connected to the Future 2022 Healthy Human Resources in Figures 2018 4 out of 5 Company Program Year , implemented 2018 MOBILITY COMMITMENT implementation of the The Responsible Value Cycle people Success Factor compared 2-5 Year , 100% Respect for Human Rights GLOBALIZE per company 2022 to 50% in 2019 and Well-being, Health and Safety ZERO secondments to support appropriate for 70% in 2021. Environmental Commitment GREEN FOOTPRINT the strategy, in line with the temporary secondment Sustainable Contribution INNOVERSIA talent agenda.

PROFILE OF THE REPORT annual report 108 COMMITMENT THE RESPONSIBLE VALUE CYCLE RESPECT FOR HUMAN RIGHTS GLOBALIZE WELL-BEING, HEALTH AND SAFETY ZERO ENVIRONMENTAL COMMITMENT GREEN FOOTPRINT SUSTAINABLE CONTRIBUTION INNOVERSIA

GRUPO ANTOLIN annual report 2017 109

2017 Diversity Day at Grupo Antolin in favor of Patch Adams, through the Gesundheit Institute, to invest in creating a happier and healthier world with a single smile With a focus on the THE RESPONSIBLE VALUE CYCLE trends...

ACCELERATED IMPACT OF NEW CHANGES IN THE SUSTAINABILITY NEW AUTOMATION FUTURE TALENT HUMAN RIGHTS IN THE URBANIZATION AND TECHNOLOGIES IN THE TRANSPORT AND CLIMATE CONSUMPTION AND ROBOTIZATION OF GRUPO ANTOLIN 2017 AND SKILLS SUPPLY CHAIN POPULATION GROWTH BUSINESS MODEL CHANGE PATTERNS PRODUCTION

We aspire to be the leading car interiors company by creating value for our stakeholders... OVERVIEW With our LETTER Vision and Values COMPANY Corporate Governance And with our FAMILY SPIRIT PEOPLE INNOVATION PASSION CONTRIBUTION Management Team strengths Vision and Values Long-term vocation Team commitment Technical knowledge and business focus Corporate Ethics and Integrity History Internationalization and customer support Global solutions and balance between standardization and flexibility Relevant Facts Economic efficiency and financial strength BUSINESS Global Automotive Market We integrate SUSTAINABILITY and the CONCERNS OF OUR Relevant Business Model and Stakeholders STAKEHOLDERS into the value chain issues Activity in 2017 2017 Figures Adapting to the customer's needs · Occupational health and safety · Ethics and compliance · Attraction and retention of talent · New materials and technologies · Innovation in processes · Professional development· Protection of human rights in the supply chain · Security of information · INNOVATION Diversity · Energy efficiency · Social contribution · Reduction in the use of natural resources · Environmental impact of the products Innovative Interior Customer Commitment Strategy Business RS PLIERS Stakeholders E E UP M M S Model O P T L PEOPLE S O U DESIGN Y MANUFACTURING C

The Value of People E E

Connected to the Future S

Human Resources in Figures

G

N

I

CAPITALIZATION C USEFUL LIFE

T

O

T

COMMITMENT M CONCEPTION VALIDATION E DELIVERY

The Responsible Value Cycle M S

I

N S Respect for Human Rights GLOBALIZE U L V R N A E Well-being, Health and Safety ZERO E I T S T D I N Environmental Commitment GREEN FOOTPRINT T L E E O O S M Sustainable Contribution INNOVERSIA R H A N U S E N O SE SHAR D ENVIR RS PROFILE OF THE REPORT annual report 110 GRUPO ANTOLIN 2017

EMPLOYEES SUPPLIERS

SHAREHOLDERS GOOD INVESTORS GOVERNANCE OVERVIEW OVERVIEW AND COMPLIANCE LETTER ENVIRONMENTAL LETTER CUSTOMERS SOCIETY COMPANY COMMITMENT COMPANYCorporate Governance Corporate Governance COMPANYManagement Team ManagementCorporate Governance Team Vision and Values VisionManagement and Values Team Corporate Ethics and Integrity CorporateVision and EthicsValues and Integrity History HistoryCorporate Ethics and Integrity Relevant Facts RelevantHistory Facts CHAIN SUSTAINABLE Relevant Facts HUMAN RIGHTS IN THE SUPPLY BUSINESS CULTURE BUSINESSGlobal Automotive Market Global Automotive Market BUSINESSBusiness Model and Stakeholders BusinessGlobal Automotive Model and Market Stakeholders Activity in 2017 ActivityBusiness in Model 2017 and Stakeholders 2017 Figures 2017Activity Figures in 2017

1 SHARED VALUE 7 2017 Figures 1

INNOVATION INNOVATION Innovative Interior Innovative Interior INNOVATIONCustomer Commitment CustomerInnovative CommitmentInterior Strategy 2 6 StrategyCustomer Commitment 1 Strategy COMMITTEDTEAM PEOPLE The Value of People The Value of People 3 AGENDA 5 PEOPLEConnected to the Future 1 ConnectedThe Value of to People the Future 2030 Human Resources in Figures HumanConnected Resources to the Future 2017 in Figures G Human Resources in Figures 4 N 4 I 1 COMMITMENT N I O COMMITMENTThe Responsible Responsible Value Cycle Value Cycle S I T 5 U S TheRespect Responsible for humanHuman Value rightsRights Cycle GLOBALIZEGLOBALIZE S T A P O 13 WelfareWell-being,Respect andfor Health HumanHealth and andRights Safety Safety GLOBALIZE ZER ZEROO I N A B L E

EEnvironmentalWell-being,nvironmental Health Commitment and Safety GREGREEN ZERENO 6 FOOTPRINTEnvironmental Commitment GREEN FOOTPRINT 12 SSustainableustainable Contribution INNO INNOVERSIAVERSIA In color, Sustainable Development Goals

(SDG) to which Grupo Antolin contributes 7 11

directly and/or indirectly in the performance 8 9 10 PROFILE OF THE REPORT of its activity annual report 111 GRUPO ANTOLIN 2017

OUR FUTURE COMMITMENT: TO MAKE THE DIFFERENCE WITH OUR VALUES AND SUSTAINABLE COMMITMENTS OVERVIEW

LETTER Based on Grupo Antolin's vision and Included within Grupo Antolin's strategic framework, the 2018-2021 Sus- COMPANY values, the Plan offers an tainability Master Plan is the result of a process of listening and dialog with Corporate Governance action framework that the different stakeholders to understand the ever changing environment Management Team responds, in each of our we are facing, especially in our sector, through the identification and subse- Vision and Values Corporate Ethics and Integrity actions, to the challenges quent analysis of the matters deemed most relevant for the company. History and opportunities of the Relevant Facts environments where We want to make a difference through our sustainable values and commit- we operate, integrating ments within the car components sector, through incorporating corporate BUSINESS sustainability into the social responsibility into everything we do, allowing us to: Global Automotive Market Business Model and Stakeholders entire value chain. Activity in 2017 Attract and retain the best talent 2017 Figures

INNOVATION The different strategic Strengthen the corporate culture and values Innovative Interior Customer Commitment lines defined in the Strategy Plan are directly and Differentiate ourselves from our competitors indirectly linked to PEOPLE the areas defined in The Value of People the global sustainable Be the preferred option for customers Connected to the Future Human Resources in Figures development agenda, thus contributing Manage impacts through the supply chain COMMITMENT with our business to the achievement The Responsible Value Cycle Improve the relationship with our immediate environment Respect for Human Rights GLOBALIZE of the Sustainable Well-being, Health and Safety ZERO Environmental Commitment GREEN FOOTPRINT Development Goals. Sustainable Contribution INNOVERSIA Meet the requirements of investors

PROFILE OF THE REPORT annual report 112 GLOBALIZE, respect for human rights

GRUPO ANTOLIN 2017

OBJECTIVE To work ethically and promote OVERVIEW respect for human rights in all the countries in which we carry LETTER out our commercial, industrial and financial activity. COMPANY Corporate Governance Management Team FOCUS Vision and Values Corporate Ethics and Integrity To promote initiatives that History guarantee responsible STAKEHOLDERS Relevant Facts behavior and respect for THE HUMAN TEAM human rights in our area of SUPPLIERS BUSINESS influence. Global Automotive Market CUSTOMERS Business Model and Stakeholders SHAREHOLDERS Activity in 2017 INVESTORS 2017 Figures BASIC CONVENTIONS AND DIRECTIVES INNOVATION Innovative Interior The UN Universal Declaration Decent work and Reduced inequalities Customer Commitment of Human Rights. economic growth Strategy The Guiding Principles of Affordable and clean energy Business and Human Rights. PEOPLE Gender The Value of People Children's Rights and Business equality 9 10 8 11 Connected to the Future Quality 7 12 Principles. VELOPMEN 1 Peace and Human Resources in Figures education 6 DE T G 3 LE O 1 justice, strong The UN Global Compact- Good B AL 4 institutions 5 A S health and N 1 I 5 Principles 1, 2, 3, 4, 5 and 6. 4 A COMMITMENT well-being T S 1 The Responsible Value Cycle 6 The Directive Guidelines of 3 U S Respect for Human Rights GLOBALIZE · 1

the OECD for Multinational Partnerships 7 Well-being, Safety and Health; ZERO 2 N

U for the goals Environmental Commitment GREEN FOOTPRINT Companies. AGENDA

1 Sustainable Contribution INNOVERSIA The Declarations of the ILO. 2030 PROFILE OF THE REPORT annual report 113 GRUPO ANTOLIN 2017

PEOPLE AS A STARTING POINT AND THE OBJECTIVE OF OUR COMMITMENT TO HUMAN RIGHTS Protecting human rights in the supply chain is key. Our suppliers must act responsibly Current Customer. 2017 Materiality Study importance Materiality Priority Occupational Ethics and Health and Safety OVERVIEW Compliance Attraction and Retention of Talent Future Professional development LETTER importance ACCELERATED Diversity Protection of human rights Related trends FUTURE TALENT HUMAN RIGHTS IN URBANIZATION in the supply chain AND SKILLS THE SUPPLY CHAIN AND POPULATION Social contribution Attention Anticipation COMPANY GROWTH Corporate Governance Management Team Affected Vision and Values CAPITALIZATION CONCEPTION DESIGN VALIDATION MANUFACTURING DELIVERY USEFUL LIFE Corporate Ethics and Integrity phases of History the value Relevant Facts chain Human rights (HR) are part of the business, as a cross-cutting element in- BUSINESS volved in each and every decision and action carried out by the different areas Global Automotive Market of the company. This is why the Human Rights Policy forms part of the guiding Business Model and Stakeholders document at Grupo Antolin and is the utmost expression of ethics and integ- Activity in 2017 2017 Figures rity: the Code of Ethics and Conduct. Approved by the Board of Directors, this To ensure the must be interpreted along with all of the organization's other policies that understanding, INNOVATION implement each of the principles and commitments acquired. internalization and Innovative Interior adoption of the Code Customer Commitment We are aware that the impact of our business activity on human rights will of Ethics and Conduct Strategy change over time depending on the operational context in which we move and, by extension, the and the operations to be carried out to lead the transformation of the car Human Rights Policy, PEOPLE interior. Accelerated urbanization, climate change, use of resources, globali- by the around 28,000 The Value of People zation and technology will directly affect human rights around the world and Connected to the Future employees, these have the risk or impact on rights will be different in each country, so this will re- Human Resources in Figures been translated into 27 quire us to continuously and permanently monitor our entire value chain. languages. COMMITMENT This is where the Compliance department plays a leading role. It is responsi- The Responsible Value Cycle Respect for Human Rights GLOBALIZE ble for ensuring compliance in all geographical areas where Grupo Antolin can Well-being, Safety and Health; ZERO be found; as well as guaranteeing that all employees are aware of all commit- Environmental Commitment GREEN FOOTPRINT ments in matters of ethics and human rights. All of this is carried out in order Sustainable Contribution INNOVERSIA to minimize negative impacts and maximize the positives of our activity.

PROFILE OF THE REPORT annual report 114 GRUPO ANTOLIN 2017

Our suppliers are essential The materiality study carried out in the last quarter of 2017 identified eth- to the success of our OVERVIEW ics and compliance as one of the relevant aspects for Grupo Antolin and an business so we must work area in which it had an outstanding performance, something that was pos- together, not only from a LETTER itively valued by the different stakeholders. Aware of the growing impor- technical viewpoint but tance of this matter in the medium-long term, we will work on our current also in terms of respecting COMPANY culture of monitoring, control and reporting to strengthen our sustainable human rights throughout Corporate Governance positioning as a company. Management Team the entire supply chain. Vision and Values Only by effectively Corporate Ethics and Integrity integrating sustainability History ACTIVITY IN 2017 Relevant Facts throughout the entire SHAREHOLDERS value chain will we be able BUSINESS · Promote the United Nations Guiding Principles on Companies and Human to manage any potential Global Automotive Market Rights at the core of the corporate governance structure. risks and transform them Business Model and Stakeholders Activity in 2017 · Include the Corporate Social Responsibility function within the responsi- into opportunities, which 2017 Figures bilities of the Board of Directors. will allow us to position · MONITOR compliance with the internal code of ethics and conduct. ourselves as a leader of the INNOVATION interior of the mobility of Innovative Interior · Approve the corporate social responsibility STRATEGY that constitutes the future. Human rights in Customer Commitment the 2018-2021 Grupo Antolin Sustainability Master Plan, as part of the Strategy the supply chain therefore company's Strategic Plan. becomes, together with PEOPLE · 6 interventions in the Board of Directors good governance and The Value of People CUSTOMERS ethics, one of the seven Connected to the Future strategic priorities for the Human Resources in Figures · Alignment with customer commitments in sustainably and human rights. coming 4 years, which are · 70 questionnaires answered, 11 new commitments, 3 training sessions included in Grupo Antolin's COMMITMENT and 3 audits. The Responsible Value Cycle Sustainability Master Plan. Respect for Human Rights GLOBALIZE EMPLOYEES Well-being, Safety and Health; ZERO Environmental Commitment GREEN FOOTPRINT · Raise awareness and train employees in matters of ethics and human Sustainable Contribution INNOVERSIA rights Link to the Ethics and Integrity chapter

PROFILE OF THE REPORT annual report 115 GRUPO ANTOLIN 2017

RELATIONS · Identify the potential risks deriving from our activity and preventatively manage their possible impacts in order to mitigate, minimize or trans- form them. · 2 assessments by institutional investors and ratings agencies. OVERVIEW SUPPLIERS LETTER · Monitor the supply chain from the sustainable supplier management FUTURE COMMITMENT model. TO PROMOTE RESPECT COMPANY · 496 suppliers contacted FOR HUMAN RIGHTS Corporate Governance THROUGHOUT THE Management Team · 196 suppliers in assessment process Vision and Values SUPPLY CHAIN. · 12.8% suppliers with relevant ESG impact Corporate Ethics and Integrity · Ensure a commitment to History SOCIETY Relevant Facts respecting and protecting · Align the company's activity with the 2030 Agenda in order to: human rights throughout the entire value chain. BUSINESS - Implement our business project, through innovation, internal commit- Global Automotive Market ment and external collaboration, with the different components of the · 100% of suppliers are Business Model and Stakeholders Activity in 2017 value chain made aware and informed 2017 Figures of the sustainability - Promote actions and strengthen the participation of the different play- ers in the chain with respect to global human rights. requirements. INNOVATION · 75% of direct material Innovative Interior - Direct and indirect contribution of Grupo Antolin in 13 SDG. Customer Commitment suppliers will have been Strategy assessed by 2020. 2018 IN PROSPECT · Incorporation of the PEOPLE sustainability principles · Launch of the 2018-2021 Sustainability Master Plan with a strategic line The Value of People into the purchasing Connected to the Future and work team focused on integrating human rights into the supply chain. Human Resources in Figures decision process. · 25% monitoring of the supplier chain with responsible criteria. · Program of audits and COMMITMENT · Launch of the new sustainable clauses for suppliers. action plans. The Responsible Value Cycle Respect for Human Rights GLOBALIZE · Integrate human rights into the company's risk management system that Well-being, Health and Safety ZERO facilitates the establishment of effective human rights systems and pro- Environmental Commitment GREEN FOOTPRINT cesses, and addresses possible impacts on human rights caused by the Sustainable Contribution INNOVERSIA company's activity. PROFILE OF THE REPORT annual report 116 ZERO, a commitment to well-being, health and safety

GRUPO ANTOLIN 2017 OBJECTIVE To ensure the well-being, health and safety of the people who OVERVIEW work and provide their services at the company so that they LETTER can perform their work in a safe and healthy environment. COMPANY Corporate Governance Management Team FOCUS Vision and Values Corporate Ethics and Integrity To reduce to 0 the number of History occupational accidents and STAKEHOLDERS Relevant Facts professional illnesses among THE HUMAN TEAM the workforce. SUPPLIERS BUSINESS Global Automotive Market To universalize the values of CUSTOMERS Business Model and Stakeholders safety and health. SHAREHOLDERS Activity in 2017 INVESTORS 2017 Figures

BASIC CONVENTIONS AND INNOVATION DIRECTIVES Decent work and Innovative Interior economic growth Responsible production Customer Commitment The UN Universal Declaration and consumption Strategy of Human Rights. Gender PEOPLE The Fundamental Principles equality The Value of People 9 10 and conventions on safety and 8 11 Connected to the Future 7 12 health at work of the ILO. VELOPMEN 1 Human Resources in Figures 6 DE T G 3 LE O 1 The Global Compact: Principles 1 Good B AL 4 5 A S health and N 1 I 5 and 2. 4 A COMMITMENT well-being T S 1 The Responsible Value Cycle 6 The Occupational Health and 3 U S Respect for Human Rights GLOBALIZE · 1

Safety Management System 7 Well-being, Health and Safety ZERO 2 N

U Environmental Commitment GREEN FOOTPRINT OHSAS 18001:2007 standard. AGENDA Sustainable Contribution INNOVERSIA 1 The European Mobility Charter. 2030 PROFILE OF THE REPORT annual report 117 GRUPO ANTOLIN 2017

OCCUPATIONAL HEALTH AND SAFETY, AN IMPORTANT ISSUE This issue is a commodity that should never be forgotten given its importance in the sector and the risk associated with the activities

Investor and/or financial entity. 2017 Materiality Study

Current Materiality importance Priority

Occupational OVERVIEW Health and Safety

ACCELERATED Future LETTER Related trends FUTURE TALENT HUMAN RIGHTS IN URBANIZATION importance AND SKILLS THE SUPPLY CHAIN AND POPULATION Attention Anticipation GROWTH COMPANY Corporate Governance Management Team Affected CAPITALIZATION CONCEPTION DESIGN VALIDATION MANUFACTURING DELIVERY USEFUL LIFE Vision and Values phases of Corporate Ethics and Integrity the value History chain Relevant Facts ACTIVITY IN 2017 BUSINESS We must do even more Global Automotive Market Business Model and Stakeholders · 5 new OHSAS 18001:2007 certificates in China, Spain, France and Mexico to achieve the target of 0 Activity in 2017 · 30% of the workforce covered by the OHSAS 18001:2007 certification incidents. Every accident 2017 Figures we have is a failure of (1) · 5.52 global frequency index our organization and of INNOVATION · 10.33% lower than the actual global frequency index (1) from 2016 ourselves, as managers, Innovative Interior since one of our main Customer Commitment · Consolidation of the Healthy Company Program in the Head Office Strategy priorities is to ensure the · Launch of the Healthy Company Program in production companies and safety of the employees. Technical-Sales Offices in Spain, France, the United Kingdom and Germany. PEOPLE Jesús Pascual - CEO The Value of People (2) Connected to the Future · 0.22 severity rate in 2017 compared to 0.20 in 2016 Human Resources in Figures · 2.31% absenteeism due to common illness

COMMITMENT · 110 professionals dedicated to Occupational Health and Safety The Responsible Value Cycle · 750 OHS certified service suppliers in Spain Respect for Human Rights GLOBALIZE Well-being, Health and Safety ZERO Environmental Commitment GREEN FOOTPRINT (1): Frequency index: Number of accidents at work and occupational diseases with medical leave for every million hours worked Sustainable Contribution; INNOVERSIA (2): Severity index: Number of working days lost for every thousand hours worked.

PROFILE OF THE REPORT annual report 118 GRUPO ANTOLIN 2017

FUTURE COMMITMENT SAFETY IS IN YOUR HANDS, SAFETY IS IN OUR HANDS OVERVIEW · Reduce the frequency index to FI < 3.00 in 2022 LETTER · Reduce the severity rate to SR < 0.15 in 2022 COMPANY It is worth mentioning that despite the internal and external recognition of Corporate Governance the good performance of Grupo Antolin, the significant reduction in the ac- · Promote a safe and healthy Management Team cident rate and our efforts in the area of Well-being and occupational health work culture to increase Vision and Values Corporate Ethics and Integrity and safety, two fatal accidents occurred last year, one at one of our factories the score obtained in the History in Spain and another in a commuting traffic accident in Mexico. Workplace Climate Survey Relevant Facts from 2.89 in 2016 to 3.20 As a result of this, in 2018 all companies will be required to perform an oper- in 2022. BUSINESS ational control for tasks classified as hazardous: forklift truck driving, bridge · Increase the percentage of Global Automotive Market crane operation, working at height, electrical work and cleaning of adhesive Business Model and Stakeholders employees covered by ISO machines. This control will demand a series of actions in order to improve Activity in 2017 45001 to 90% in 2022. 2017 Figures safety when performing these tasks: · Progressive implementation · Standardization of work instructions of the Healthy Company INNOVATION Innovative Interior · Control, maintenance and improvement of the machines and work equipment program to 100% of Customer Commitment · Internal audits and regular controls companies in 2022. Strategy · Training and qualifications PEOPLE · Authorization and work permits The Value of People · Health monitoring Connected to the Future Human Resources in Figures 2018 IN PROSPECT COMMITMENT The Responsible Value Cycle · 5% reduction in the Frequency Index compared to the actual result from 2017 Respect for Human Rights GLOBALIZE · 10% reduction in the Severity Rate compared to the actual result from 2017 Well-being, Health and Safety ZERO Environmental Commitment GREEN FOOTPRINT · Update of the OHS Management System to the new ISO 45001:2018 Sustainable Contribution; INNOVERSIA · Fulfill the plan to implement the Healthy Company Program

PROFILE OF THE REPORT annual report 119 GREEN FOOTPRINT, environmental commitment

GRUPO ANTOLIN 2017 THERE IS INCREASING AWARENESS ABOUT PRESERVING THE ENVIRONMENT Companies must worry not only about the costs involved in developing initiatives on the matter, but also the requirements of the customers and the positioning of competitors OVERVIEW Investor/Financial Entity. 2017 Materiality Study. STAKEHOLDERS LETTER SUPPLIERS CUSTOMERS COMPANY OBJECTIVE Corporate Governance THE HUMAN TEAM Management Team To demonstrate our SHAREHOLDERS Vision and Values commitment to the INVESTORS Corporate Ethics and Integrity History environment by dedicating Relevant Facts time, effort and resources to the management of BUSINESS waste, consumption, energy Global Automotive Market efficiency and management Business Model and Stakeholders Activity in 2017 and social awareness. 2017 Figures

INNOVATION FOCUS Industry, innovation Sustainable cities and Innovative Interior To reduce the environmental and infrastructure communities Customer Commitment Decent work and economic growth Responsible production Strategy impact of our business Affordable and clean energy and consumption activity. Climate action PEOPLE The Value of People 9 10 Life of terrestrial 8 11 Connected to the Future 7 12 ecosystems BASIC CONVENTIONS AND VELOPMEN 1 Human Resources in Figures 6 DE T G 3 LE O 1 DIRECTIVES B AL 4 5 A S N Reduced 1 I 5 The Global Compact: 4 A inequalities COMMITMENT T S 1 Partnerships The Responsible Value Cycle Principles 7, 8 and 9. 6 3 U for the goals S Respect for Human Rights GLOBALIZE Peace and justice, · 1

Carbon Disclosure Project. 7 Well-being, Health and Safety ZERO 2 N strong institutions

U Environmental Commitment GREEN FOOTPRINT CDP Water Disclosure AGENDA Sustainable Contribution; INNOVERSIA 1 Project. 2030 PROFILE OF THE REPORT annual report 120 GRUPO ANTOLIN 2017

FROM RISK TO FUTURE OPPORTUNITY Consumers are becoming increasingly aware of the importance of preserving the environment. They look not only at the cost, but also at other attributes associated with the product.

Customer. 2017 Materiality Study

ACCELERATED OVERVIEW SUSTAINABILITY CHANGES IN THE IMPACT OF NEW NEW Related trends URBANIZATION AND CLIMATE TRANSPORT TECHNOLOGIES IN CONSUMPTION AND POPULATION CHANGE MODEL THE BUSINESS PATTERNS GROWTH Affected LETTER phases of the value COMPANY CAPITALIZATION CONCEPTION DESIGN VALIDATION MANUFACTURING DELIVERY USEFUL LIFE chain Corporate Governance Management Team ENERGY EFFICIENCY Vision and Values REDUCED USE OF RESOURCES Corporate Ethics and Integrity Materiality History NEW MATERIALS AND TECHNOLOGIES Relevant Facts Current importance ENVIRONMENTAL IMPACT OF PRODUCTS Priority BUSINESS New materials and Global Automotive Market Future technologies Business Model and Stakeholders importance Activity in 2017 We are not directly Energy Efficiency 2017 Figures responsible for the Environmental Reduced use of natural resources emissions of vehicles, impact of products Attention Anticipation INNOVATION but we can contribute to Innovative Interior ACTIVITY IN 2017 Customer Commitment alleviating their impact on Strategy the environment through · Publication of the “2017-2019 Green Program” with the incorporation of optimizing energy in 19 companies PEOPLE our chain and efficiently The Value of People managing the natural · Adaptation of the Environmental Management System to the ISO Connected to the Future 14001:2015 standard Human Resources in Figures resources and materials we use, for example · Transition to ISO 14001:2015 completed at 20 companies COMMITMENT Internal. 2017 Materiality Study. · 1.5% increase in the electricity consumption to sales ratio. The Responsible Value Cycle Respect for Human Rights GLOBALIZE · 9% increase in the natural gas consumption to sales ratio. Well-being, Health and Safety ZERO Environmental Commitment GREEN FOOTPRINT · 573,380 kWh generation of renewable energies. Sustainable Contribution; INNOVERSIA · 5% improvement in the non-hazardous waste generation to sales ratio.

PROFILE OF THE REPORT annual report 121 GRUPO ANTOLIN 2017

· 0.8% increase in the hazardous waste generation to sales ratio. · 1 new ISO 14001 certification FUTURE COMMITMENT · 1 new energy audit in accordance with the EN 16247 standard. TO FORMALIZE · 115 people dedicated to the environment. OUR SUSTAINABLE POSITIONING IN OVERVIEW · INTERTRIM LTDA / TRIMTEC LTDA (BRAZIL) awarded the NHCS Sustainability ENVIRONMENTAL MATTERS Award from HONDA for “Excellence in Reducing CO2” LETTER · Strategy and promotion of the circular economy. 2018 IN PROSPECT COMPANY · Transition towards a low- Corporate Governance · Launch of the 2018-2021 Environmental Commitment strategic line within carbon economy. Management Team the Sustainability Master Plan. Vision and Values · Sustainable partnerships Corporate Ethics and Integrity · Development of the 50001 Energy Efficiency Management System to promote sustainability. History Relevant Facts · Improvement in the corporate reporting tool, Environmental and Energy · Sustainable financing Indicators strategy. BUSINESS · 3 new ISO 14001 certifications Global Automotive Market Business Model and Stakeholders · Participation in the CDP (Carbon Disclosure Project) Programs on the sup- Activity in 2017 ply chain, in line with our customers: greenhouse gas emissions and water 2017 Figures management. INNOVATION Innovative Interior Customer Commitment ORGANIZATION IN 2017 Strategy Chief Executive Officer PEOPLE The Value of People Operations Department Connected to the Future Corporate Quality Department Human Resources in Figures Comprehensive Management Systems Corporate Environment Manager COMMITMENT Grupo Antolin The Responsible Value Cycle Plant Environment Managers (reporting lines) Environmental Respect for Human Rights GLOBALIZE Well-being, Health and Safety ZERO Policy Environmental Commitment GREEN FOOTPRINT Sustainable Contribution; INNOVERSIA http://www.grupoantolin.com/sites/default/files/politica_ambiental_grupo_antolin_181217.pdf

PROFILE OF THE REPORT annual report 122 INNOVERSIA, sustainable contribution

GRUPO ANTOLIN 2017

OBJECTIVE OVERVIEW To commit to collaboration, cooperation and innovation LETTER as an engine for growth and personal and social COMPANY development, aimed primarily Corporate Governance Management Team at the emerging countries Vision and Values where the company operates. Corporate Ethics and Integrity STAKEHOLDERS History SOCIETY Relevant Facts FOCUS THE HUMAN TEAM SUPPLIERS BUSINESS To train, develop and share Global Automotive Market our commitment with our CUSTOMERS Business Model and Stakeholders stakeholders through SHAREHOLDERS Activity in 2017 INVESTORS 2017 Figures participation, training and recognition, especially with the INNOVATION local community. Innovative Interior Decent work and Reduced inequalities Customer Commitment economic growth Strategy BASIC CONVENTIONS AND DIRECTIVES PEOPLE Gender The Value of People equality 9 10 The UN Universal Declaration 8 11 Connected to the Future 7 12 of Human Rights. Quality education VELOPMEN 1 Human Resources in Figures 6 DE T G 3 Good LE O 1 The Guiding Principles of B Industry, AL 4 5 A S health and N innovation and 1 I 5 Business and Human Rights. well-being 4 A COMMITMENT T infrastructure S 1 The Responsible Value Cycle 6 Children's Rights and 3 U S Respect for Human Rights GLOBALIZE · 1

Business Principles. Partnerships 7 Well-being, Health and Safety ZERO 2 N

U for the goals Environmental Commitment GREEN FOOTPRINT The UN Global Compact- AGENDA Sustainable Contribution INNOVERSIA 1 Principles 1 and 2. 2030 PROFILE OF THE REPORT annual report 123 GRUPO ANTOLIN 2017

CREATION OF SHARED VALUE At Grupo Antolin we are committed to our surroundings, to society. We support the social, cultural, and educational development of the 25 countries in which we operate, whether in India – where I am from – Mexico or South Korea. Having "Contribution to the development of society" as a value also means that all of us need to represent Grupo Antolin’s values in society and act responsibly and ethically in our work. Current OVERVIEW Ramasundaram Krishnan. Managing Director of Grupo Antolin Chennai. India importance Priority

Future LETTER Related trends NEW importance CONSUMPTION PATTERNS Social contribution COMPANY Corporate Governance Attention Anticipation Management Team Affected CAPITALIZATION CONCEPTION DESIGN VALIDATION MANUFACTURING DELIVERY USEFUL LIFE Vision and Values phases of Corporate Ethics and Integrity the value Materiality History chain Relevant Facts SOCIAL CONTRIBUTION BUSINESS BY CONTRIBUTION TYPE BY REGION Global Automotive Market Business Model and Stakeholders North America Africa Activity in 2017 Donations 2017 Figures 100% 16% 17% Other 32% monitoring of MERCOSUR 23% activity in social 2% INNOVATION contribution Innovative Interior Customer Commitment Strategy €10.06 Per employee 5,218 (average consolidated hours of volunteering PEOPLE workforce) 0.10% of The Value of People Volunteering earnings in 2017 Connected to the Future 1% (EBIT) Human Resources in Figures Emergency responses Sponsorship and patronage Europe Asia 1% 22% 43% 22% COMMITMENT The Responsible Value Cycle Respect for Human Rights GLOBALIZE These figures are the result of the actions carried out by the companies within their local area of action in response to Well-being, Health and Safety ZERO the main concerns in their most direct environment, together with those with a broader scope of action linked to the Environmental Commitment GREEN FOOTPRINT company's strategy. They do not include the investment made in training and innovation programs that are included Sustainable Contribution INNOVERSIA in the different budget items for the departments responsible for their management.

PROFILE OF THE REPORT annual report 124 GRUPO ANTOLIN 2017

Sponsorship of the First ACTIVITY IN 2017 Lego League Tournament · Inclusion of "Contribution to developing society" as one of the 5 values ap- and Grupo Antolin Award, proved by the Board of Directors within the company's new Vision and Values. to promote science and technology among children OVERVIEW · Creation of a Sponsorship Committee to assess the suitability of corporate and young people, together projects given the defined action lines for sustainable contribution, their re- with the sponsorship LETTER sponse and the impact on the main expectations of stakeholders and the company. of the Juan Soñador Foundation's team "Grupo COMPANY · Creation of a corporate budget item aimed at investment in strategic projects Corporate Governance Antolin Conecta2" within approved in coordination with Grupo Antolin's Sponsorship Committee. Management Team its connection program; Vision and Values · 25 schools thanks to 1,721 participants in the “One drawing, one smile” com- Corporate Ethics and Integrity proposed educational History petition that, in collaboration with UNICEF and the Food Bank, contributes to partner and work partner Relevant Facts raising awareness among children about other realities and seeing how their aimed at adolescents from contribution is important to helping other children like them both near and far. 12 years and their families BUSINESS · Advice and mentoring to promote entrepreneurship and access to employ- in a situation of difficulty or Global Automotive Market ment among young people in the automotive sector. SPINUP CYL. Program Business Model and Stakeholders social disadvantage. Activity in 2017 from the Junior Achievement Foundation and the Regional Government of 2017 Figures Castilla y León. · Various cancer prevention campaigns within the framework of the "TOGETHER INNOVATION WE CAN" charity campaign in the company, an agreement signed between Innovative Interior Customer Commitment the Association Against Cancer in Spain and those corresponding to the other Strategy countries where we operate. Participation in the · Creation of the Antolin Enforma Sports Club, part of the healthy company pro- POCIÓN DE HÉROES PEOPLE gram, which participates in the schedule of official runs and cycling races with Project, aimed at children The Value of People our customers through employees, relatives and suppliers and taking place Connected to the Future undergoing chemotherapy Human Resources in Figures internationally. launched in collaboration · 20th season of the Grupo Antolin Sports Club to promote playing sport (foot- with the Atresmedia COMMITMENT ball) among the children and relatives of employees in local and regional com- Foundation and the The Responsible Value Cycle petitions. Pediatric Oncology units at Respect for Human Rights GLOBALIZE Well-being, Health and Safety ZERO · 4th Charity Basketball Christmas Edition Event, as collaborator in the Christ- the Hospitals in Castilla y Environmental Commitment GREEN FOOTPRINT mas Burgos basketball party. León. Sustainable Contribution INNOVERSIA

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· Collaboration with the Special Employment Center of Aspanias since 2004 to prepare Christmas hampers for employees. · Volunteering for the Food Collections organized by the local Food Bank Blood Donation · 2017 Dakar Rally. Sponsoring the only female driver from Burgos. Campaigns, in collaboration with OVERVIEW · Design Challenge. International ideas competition to give an opportunity to the corresponding university and design school students from around the world to contribute to Hemotherapy Centers, designing the interior of the car of the future 2025-2030. LETTER among the employees · Chair of the Connected Industry of ICAI-ICADE. Member of the Board of Trus- within the Health and COMPANY tees that will identify the technologies, knowledge and skills necessary to Safety and Road Safety Corporate Governance train and develop the professionals demanded in the Connected Industry. Management Team initiatives. These take Vision and Values · Opening of the Dual VT Center in Spain for talented young people with a tech- place prior to the peak Corporate Ethics and Integrity nical profile, in order to become a benchmark in the training of Grupo Antolin movement periods History technologies and the core of the innovation of the future, thus contributing to Relevant Facts of Christmas and the the generation of qualified jobs. Summer vacations when BUSINESS · Germany. New training edition with the "Transformation of Thermoplastic Pol- reserves are needed Global Automotive Market ymers Operations" Certificate of Professionalism. in anticipation of any Business Model and Stakeholders possible traffic accidents. Activity in 2017 · Joining the Board of Trustees of the Cotec Foundation. 2017 Figures

INNOVATION Innovative Interior Customer Commitment Strategy

PEOPLE The Value of People Connected to the Future Human Resources in Figures

COMMITMENT The Responsible Value Cycle Respect for Human Rights GLOBALIZE Well-being, Health and Safety ZERO Environmental Commitment GREEN FOOTPRINT Sustainable Contribution INNOVERSIA

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FUTURE COMMITMENT · STRATEGIC SOCIAL CONTRIBUTION STRATEGY aligned with the OVERVIEW sponsorships, donations and financial support policy LETTER and guides on services, gifts and donations in the COMPANY Corporate Governance field of compliance. Management Team · Strategic partnerships and Vision and Values Corporate Ethics and Integrity relationship system. History 2018 IN PROSPECT · Impact of the social Relevant Facts · Launch of the Values Awards to recognize and reward those groups of com- contribution projects BUSINESS pany employees who as a result of their attitudes and work manage to re- Global Automotive Market flect our values in their daily activity. Business Model and Stakeholders Activity in 2017 · Inclusion of Shared Value as one of the pillars of the 2018-2021 Sustainabil- 2017 Figures ity Master Plan, within the company's strategic framework. · “Burgos Emprende” in collaboration with the business world to give an op- INNOVATION portunity to the business projects of young people. Postponed from 2017. Innovative Interior Customer Commitment · New collaboration agreement with the General Foundation of the University Strategy of Burgos through postgraduate scholarships and research assistant con- tracts, aimed at recently graduated young people who join Grupo Antolin's PEOPLE Corporate Innovation Department to begin their training in the business The Value of People world and participate in some of the innovation projects the company runs Connected to the Future Human Resources in Figures in this area. · Training agreement with Macomb Technical Education Center (M-TEC), a lead- COMMITMENT ing technical school for training in advanced manufacturing, automated sys- The Responsible Value Cycle tems and robotics in Michigan, United States, where the candidates selected Respect for Human Rights GLOBALIZE by Grupo Antolin will be trained to obtain a Certificate of Professionalism and Well-being, Health and Safety ZERO Environmental Commitment GREEN FOOTPRINT subsequently join the company's businesses. Sustainable Contribution INNOVERSIA

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PRESENCE OF MAIN ORGANIZATIONS Ordered by region and country OVERVIEW

European Chamber of Kleinwasserkraft Österreich GALIA - Groupement pour BVL Bundesvereinigung für LETTER Commerce in China l’Amélioration des Liaisons Logistik e.V. AFRICA Wassergenossenschaft dans l’Industrie Automobile Fischa-Dagnitz MOROCCO French Chamber of Chamber of Industry and COMPANY Commerce and Industry in RAVI - Reseau automobilité et Commerce in Bayreuth Corporate Governance Wirtschaftskammer véhicule en Ile de Francia AMICA - Asociación Marroquí China Management Team Niederösterreich de la Industria y Comercio del City of Straubing UIMM (Union des Industries et Vision and Values Automóvil Hope School Corporate Ethics and Integrity CZECH REPUBLIC Métiers de la Métallurgie) DGQ - Deutsche Gesellschaft für Qualität e.V. History ANAPEC - Agence Nationale Red Cross Society Czech Chamber of Commerce Relevant Facts de Promotion de l’Emploi et GERMANY Eckert Schulen des Compétences INDIA Krajská hospodářská komora Agentur für Arbeit Královehradeckého kraje Regensburg BUSINESS Cámara española de Indo Spanish Chamber GDD - Gesellschaft für Datenschutz und Global Automotive Market Comercio e Industria de Poradní sbor Úřadu práce AOK Gesundheitskasse Datensicherheit e.V. Business Model and Stakeholders Tánger National Safety Council - Betriebliches Pracovní úřad v Chebu Gesundheitsmanagement Activity in 2017 IHK - Industrie und CEMAES (Consejo Ranjangaon Industrial 2017 Figures Handelskammer Empresarial Hispano – Association TUL - Technical University Liberec Automobilzulieferer Sachsen Marroquí) Landratsamt Regensburg Toyota Kirloskar Suppliers FRANCE AWB - Allgemeiner Verband INNOVATION (Ausbildung) Innovative Interior Club RH TFZ Association der Wirtschaft für Berlin und ANDRH (Association Brandenburg e.V. Customer Commitment OFPPT - Opérateur National Nationale des Directeurs des OfraCar Automobilnetzwerk JAPAN Strategy de Formation Professionnelle Ressources Humaines) Bayerisches Staatsministe- e.V rium f. Wirtschaft und Medien, Oficina Económica y ARIA - Regional Association Energie und Technologie - Siemens Regensburg PEOPLE Comercial de la Embajada de of Automotive Industry in invest in bavaria The Value of People España en Japón Northern Francia Südwestmetall Connected to the Future BayME - Die bayerischen Human Resources in Figures ASIA CFP - Centre de Formation de Metall-und Elektro- Südwesttextil la plasturgie Arbeitgeber PACIFIC Technology for Kids COMMITMENT EUROPE DFCG - Association Nationale BBZ Schwandorf The Responsible Value Cycle CHINA des Directeurs Finances et VDA - Verband der Automobilindustrie Respect for Human Rights GLOBALIZE AUSTRIA Contrôleurs de Gestion Berufsgenossenschaft BG Cámara de Comercio de ETEM Well-being, Health and Safety ZERO España en China Abwasserverband Schwechat FIEV - Fédérations des Verband der Kunststoff Environmental Commitment GREEN FOOTPRINT industries des équipements Berufsschule Regensburg - verarbeitenden Industrie Sustainable Contribution INNOVERSIA D&B Controller Institut pour véhicules Gewerblich und Kaufmännisch Bayern e.V.

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HOLLAND AIMINHO - Centro Empresarial de Compras, contratación y Empresa directivos de comunicación de Viana do Castelo aprovisionamiento Metallurgy cluster AUSAPE - Asociación de DIRSE - Asociación APQ - Portuguese Association AIMPLAS - Instituto usuarios de SAP en España española de directivos de HUNGARY of Quality Tecnológico del Plástico responsabilidad social AVIA - Cluster de Automoción Bács-Kiskun County CENFIM - Centro de Formação AITIIP Centro tecnológico de la Comunidad Valenciana ECSEL Joint Undertaking Government Office - Profissional da Indústria Environmental- and Nature Metalúrgica e Metalomecânica Alianza española en Grafeno Ayuda en Acción Empresa Familiar CyL Protection Department OVERVIEW EPRAMI - Escuela Prof. Alto ALICE - Plataforma Europea Cámara de Comercio e EuMaT Bács-Kiskun County Minho interior de Logística Industria de Burgos Disaster Management European Road Safety Charter LETTER Directorate-Kecskeméti ESCE - Escola Empresarial American Carbon Society Cámara de Comercio de España Disaster Management Valença FACYL - Foro Automoción Offices ANAIP - Asociación Española CCEF - Comité Nacional Castilla y León COMPANY RUSSIA de Industriales de Plásticos Consejeros de Comercio Corporate Governance Bács-Kiskun County Exterior Francia FAE - Confederación Aso- Management Team Government Office- RusAutoConnect ANEM - Asociación de Empre- ciaciones Empresariales sarios del Metal de Navarra CEDERED - Business teaching Burgos Vision and Values Work Safety Inspection center Corporate Ethics and Integrity Department St. Petersburg Business History Assosiation ANFAC FEMEBUR – Federación de CEMAES - Consejo Empresarios del Metal en Relevant Facts Economie Chamber SLOVAKIA APD - Asociación para el Económico Marruecos- Burgos Progreso de la Dirección de España Employment council - Automotive Industry Castilla y León Forética BUSINESS Employer forum in Kecskemét Association of Slovakia Círculo de Empresarios Global Automotive Market APPI - Asociación Prop. Foro de Marketing CEU Business Model and Stakeholders Hungarian Automotive Spanish Chamber of Parque Industrial Juan Carlos I Club de Directivos de la Activity in 2017 Association Commerce and Industry in Gestión del Conocimiento y Fundación Anastasio de 2017 Figures Eslovaquia ASCOM - Asociación española de la Innovación Gracia FITEL-UGT Hungarian Chamber of de compliance Commerce and Industry SPAIN Club Excelencia en Gestión Fundación CIDAUT INNOVATION Asociación Antiguos Alumnos Industrial Cluster ADE Capital Sodical SCR, S.A. Innovative Interior Jesuitas Club Excelencia en Sostenibilidad Fundación Corresponsables Customer Commitment National Climate Protection ADL - Asociación para el Asociación de directivos Club OGECON - Observatorio Fundación Diversidad-Charter Strategy Authority Desarrollo de la Logística financieros de la Gestión del Conocimiento de la Diversidad

ITALY AEC - Asociación española de Asociación Española contra Cluster Functional Printing Fundación General de la PEOPLE la calidad el Cáncer Universidad de Burgos The Value of People Confindustria Caserta Cluster Smart Advanced Connected to the Future AEDIPE - Asociación española Asociación Plan Estratégico Manufacturing Fundación Novia Salcedo Human Resources in Figures PORTUGAL de dirección y desarrollo de Ciudad de Burgos personas COTEC Fundación Princesa de AEVC - Associacion Empresarial Asociación Polígono Industrial Asturias COMMITMENT de Viana do castelo AEMAC - Asociación Española Gamonal Villimar Cruz Roja Española The Responsible Value Cycle de Materiales Compuestos Fundación San Pablo CEU AFIA - Automotive Industry Respect for Human Rights GLOBALIZE Asociación Polígono Industrial CyLog - Asociación de Castilla y León Manufacturers Association AENOR San Cristóbal Valladolid sociedades gestoras de Well-being, Health and Safety ZERO enclaves logísticos de CyL Fundación Silos Environmental Commitment GREEN FOOTPRINT AIM - Industrial Association AERCE - Asociación ASSET - Asociación Española Sustainable Contribution INNOVERSIA of Minho Española de Profesionales de Financieros Tesoreros de DIRCOM - Asociación Fundación Tecnalia

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Grupo Español del Carbón Universidad Pontificia Sindipeças - Sindicato Chamber of Commerce Comillas - ICAI - ICADE Nacional da Indústria de Hermandad de Donantes de Componentes para Veículos Community Fair Days Sangre Universidad Rey Juan Carlos Automotores Community Schools ICCM - instituto de ciencia de TURKEY Sinditêxtil - Sindicato das materiales de Madrid Indústrias de Fiação e Detroit Regional Chamber Automotive Parts & Tecelagem OVERVIEW Instituto de Auditores Internos Components Cluster EDA - Economic Development de España Alliance of St. Clair County BTSO NAFTA LETTER Instituto de la Empresa Familiar EMMA - Eastern Michigan OSB MEXICO Manufacturing Association Instituto de la Empresa COMPANY Familiar de Castilla y León Uludağ İhracatçılar Birliği Asociacion de Administrado- Growth Dimensions Corporate Governance res de Recursos Humanos Instituto IMDEA Materiales UNITED KINGDOM Howell Area Chamber of Management Team Coahuila Sureste A.C Commerce Vision and Values ITCL - Instituto Tecnológico British Plastic federation Corporate Ethics and Integrity Cámara Nacional de la Castilla y León Industria de Transformación Jefferson County History Department for International Development Authority Trade Relevant Facts Lean Community Renault Centro Empresarial Coahuila Sureste Juvenile Diabetes Research LES - España/Portugal Foundation BUSINESS INA - Industria Nacional de Global Automotive Market Logistop - Plataforma Autopartes Kentucky Chamber of Business Model and Stakeholders Tecnológica de Logística, MERCO Commerce Intermodalidad y Movilidad Activity in 2017 Instituto Tecnológico de Tlaxcala Michigan Chamber of 2017 Figures M2F Move to Future SUR Commerce Politécnico de Tlaxcala NanoEspaña ARGENTINA Missouri Chamber of INNOVATION Secretary of Economy Commerce & Industry Innovative Interior Observatorio Industria 4.0 AFAC - Asociación de Fábricas Customer Commitment Argentinas de Componentes MMSDC - Michigan Minority Strategy ODETTE - Logistics UTT Tlaxcala Supplier Development Council BRAZIL SERNAUTO USA MTEC - Macomb Technical CETESB - Companhia Education Center PEOPLE Ambiental do Estado de São The Value of People SERTEC American Red Cross Paulo OESA - Original Equipment Connected to the Future UBU - Universidad de Burgos Auburn Hills Chamber of Suppliers Association Human Resources in Figures CIESP - Centro das Industrias Commerce UN Global Compact - Pacto do Estado de São Paulo Society for Human Resource Mundial-Red Española del Automotive Industry Action Managment COMMITMENT Pacto Mundial FIESP - Federação das Indús- Group The Responsible Value Cycle trias do Estado de São Paulo Spain-US Chamber of Respect for Human Rights GLOBALIZE UNICEF Belvidere's Chamber of Commerce Well-being, Health and Safety ZERO IBAMA - Instituto Brasileiro Commerce do Meio Ambiente e dos Environmental Commitment GREEN FOOTPRINT Universidad de Valencia Recursos Naturais Renováveis Sustainable Contribution INNOVERSIA Christian County Kentucky

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CONTENT Annual OVERVIEW PRESENTATION OF REPORTS CYCLE Integration of the main figures from the different LETTER TIME LIMIT The financial year from 1 January to 31 December 2017 areas of the company with the most important COMPANY Corporate Governance SPATIAL LIMIT The information published covers to all Grupo Antolin actions carried out by our Management Team companies and joint ventures applicable in each indicator, including the companies, the analysis of Vision and Values management, actions and results of all the activity carried out in Overhead trends for our customers Corporate Ethics and Integrity Systems, Doors, Lighting and and Instrument Panels and Consoles by Grupo and competitors, the History Antolin and its subsidiaries in the 25 countries in which it operates, with Relevant Facts the only limits being the confidentiality and privacy of information reserved initiatives arising in the for the Management and/or problems in obtaining information in certain relationship with our BUSINESS countries. The data underlying the Grupo Antolin information come from suppliers and the demands Global Automotive Market the Company's IT systems, and all the economic-financial data appearing in of the society where we Business Model and Stakeholders the report have been externally audited. Activity in 2017 operate; together with 2017 Figures the future vision of the PREPARATION Everyone who works at the company, in collaboration business and its ability INNOVATION with those who are directly or indirectly related to the organization, personally to take advantage of Innovative Interior and/or professionally, through their activity or service. opportunities that create Customer Commitment long-term value. Strategy DEVELOPMENT Creation of an internal multidisciplinary work team headed by the Communication and CSR departments, which has conducted PEOPLE an assessment of the Company's most representative projects, impacts and The Value of People matters that generate shared value, not only due to what has been done so Connected to the Future far, but also due to guiding our activity towards the future; analyzing how Human Resources in Figures a strategic and joint long-term vision of the business aims to contribute FORMAT towards addressing the global challenges. Digital and interactive COMMITMENT document available online The Responsible Value Cycle OBJECTIVE To provide the stakeholders, in a transparent, reliable and and as a PDF adapted for Respect for Human Rights GLOBALIZE balanced manner, with the economic, social and environmental information Well-being, Health and Safety ZERO identified as relevant, together with the most important facts and outlooks for electronic mobile devices. Environmental Commitment GREEN FOOTPRINT creating value for the company; which interacts with the other documentation There is no printed version Sustainable Contribution INNOVERSIA and communications generated by Grupo Antolin. of the content. PROFILE OF THE REPORT annual report 132 GRUPO ANTOLIN 2017

DISTRIBUTION Distribution in computer format, available in Spanish and English on the Grupo Antolin website and on the Group's WRITTEN BY Intranet, accessible by everyone providing their services in any of the Communication and company's centers around the world. In this last case, to guarantee access Corporate Social to the information for everyone, the key aspects of the report will also be translated into the local language and disseminated by the human resources Responsibility at Grupo OVERVIEW team in each of the companies through the channels they decide to use. Antolin.

LETTER DESIGN This publication is the property of Grupo Antolin. In order to ensure Germán Delgado and Jorge COMPANY that the content of this report reflects our performance with regard González (web) Corporate Governance to sustainability, we have taken into account the principles and Management Team guidelines of the Global Compact, GRI G.4 (Global Reporting Initiative), Vision and Values IIRC (International Integrated Reporting council), ISO 26000 and EU Corporate Ethics and Integrity PHOTOGRAPHY History Directive 2014/95 on non-financial information and diversity. Following Relevant Facts the policy of previous years, the company wants to progress gradually in Grupo Antolin, Miguel rationalizing data and correctly integrating the information to be offered Jelliss in collaboration BUSINESS as a step prior to its verification by external entities. with an organization with Global Automotive Market a social purpose, Rafa Sáiz Business Model and Stakeholders We would be grateful for your opinion of our 2017 Annual Report. Similarly, if Activity in 2017 and a photo bank. 2017 Figures you have any questions regarding the report or its content you can address them to: INNOVATION Innovative Interior Grupo Antolin - Annual Report 2017 Customer Commitment Ctra. Madrid-Irún, km. 244,8 Strategy 09007 BURGOS – SPAIN Tel.: +34 947 47 77 00 PEOPLE Fax: +34 947 48 49 19 The Value of People E-mail: comunicació[email protected] Connected to the Future [email protected] Human Resources in Figures [email protected] COMMITMENT The Responsible Value Cycle Respect for Human Rights GLOBALIZE WE WOULD LIKE TO THANK ALL THE PEOPLE WHO, THROUGH Well-being, Health and Safety ZERO Environmental Commitment GREEN FOOTPRINT THEIR WORK, EFFORT AND EAGERNESS, HAVE CONTRIBUTED Sustainable Contribution INNOVERSIA TO CREATING THIS DOCUMENT. PROFILE OF THE REPORT annual report 133 GRUPO ANTOLIN

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