2021 HALF-YEAR RESULTS July 21st, 2021 Laurent Favre, CEO Félicie Burelle, Managing Director Adeline Mickeler, EVP Corporate Finance 2021 HALF YEAR RESULTS - July 21st, 2021 Confidential Key Messages Solid H1 results despite a volatile and fragmented market, impacted by chip shortages Improved operational performance and cash generation allows an upgrade of FY 2021 guidance Acceleration of Group’s transformation towards sustainable mobility led by a renewed Executive Committee 2021 HALF YEAR RESULTS - July 21st, 2021 Confidential 2 An increasing impact of chip shortages affecting a regionalized recovery Worldwide automotive production far from its pre-crisis levels H1 2021 chip shortages impact: (in million vehicles) Q1 2021: -1.4m vehicles lost Q2 2021: -2.6m vehicles lost 46 43.6 4445 42.4 42.4 4243 4041 37.9 Q2 production: -9% vs. Q1 production 3839 -11% 3637 3435 3233 3031 29.3 2829 2627 Excluding shortages, significant 2425 2223 2021 discrepancies in the recovery per region 1819 1617 1415 1213 China & North America 1011 89 close to 2019 levels 67 45 23 01 Europe & rest of Asia 2019 2020 2021 still below 2019 levels (-10%) Source: IHS July 2021 2021 HALF YEAR RESULTS - July 21st, 2021 Confidential 3 Solid operating performance despite a challenging environment ANTICIPATION AND AGILITY INCREASED OPERATING MARGIN Economic sales PO assumption: Chip shortages 5% discount to 2021 Auto Production impact: -8% -12% Maximum flexibility to face 4,499 (-€550m) stops and starts in production 4,138 H2 2020 H1 2021 Efficient cost reduction programs Operating margin rationalization + Omega 5.7% 6.2% Greer operations breakeven 234 234 H2 2020 H1 2021 2021 HALF YEAR RESULTS - July 21st, 2021 Confidential 4 Reinforced Financial profile Controlled Managed High investments: WCR: liquidity: Inventories : €149m €2.45Bn 3.9% of sales +€100m Installed available FCF: Net debt/ capacity supporting EBITDA: further growth €151m 4.0% of sales 0.9 2021 HALF YEAR RESULTS - July 21st, 2021 Confidential 5 Solid H1 results allows an upgrade of FY 2021 guidance ACTUAL H1 2021 UPGRADED FY 2021 GUIDANCE * ECONOMIC SALES +31.9%** Strong Growth 6.2% > 6% of sales OPERATING MARGIN of sales (previously 6%) >> €220m FREE CASH-FLOW €151m (previously > €220m) (*) based on a global automotive production of 77 million vehicles in 2021 **On a like-for-like basis 2021 HALF YEAR RESULTS - July 21st, 2021 Confidential 6 HIGHLIGHTS H1 2021 Acceleration on our strategic priorities 2021 HALF YEAR RESULTSRESULTS - July 21st, 2021 Confidential 7 Acceleration on our strategic priorities INNOVATION OPERATIONAL SUSTAINABILITY EXCELLENCE 2021 HALF YEAR RESULTS - July 21st, 2021 Confidential 8 First Strategic Pillar: Operational Excellence INNOVATION Customers Renewable energies Plants Recycled materials Omega program Carbon neutrality Hydrogen development New modules Body panel OPERATIONAL SUSTAINABILITY EXCELLENCE 2021 HALF YEAR RESULTS - July 21st, 2021 Confidential 9 Operational Excellence: 88 successful launches in H1 2021 AMERICAS EUROPE ASIA LAUNCHES 21 25 42 GM Buick Envision Plus MAJOR LAUNCHES Chevrolet Equinox Audi Q4 e-tron Roewe RX5 Max, i5 Chrysler Pacifica/Voyager Opel Mokka, Peugeot 308, VW Passat, Tiguan, Octavia PER REGION Nissan QX60/Pathfinder Seat Arona 2021 HALF YEAR RESULTS - July 21st, 2021 Confidential 10 Operational Excellence: Acceleration of BEV’s order intake Ford Volkswagen Daimler Renault 5 New EV SUV ID-buzz EV combi CLA/CLA EV Echo EV Front/Rear bumpers Display modules, Front/Rear Bumpers, Front/Rear Bumpers Rollo shutter Front-end modules Daimler 100% General Motors Audi A-Class/A-Class EV EV player New EV SUV EV Q4 e-tron Front/Rear Bumpers, Front-end modules Front/Rear bumpers Active grille shutters Front-End Modules 2021 HALF YEAR RESULTS - July 21st, 2021 Confidential 11 Operational Excellence: New customers gained . BEV crossover jointly developed with GM in North America . Honda Prologue, bumpers produced in Mexico . VW Anhui, first dedicated NEV joint venture in China . Bumpers for the first model Tavascan . Geely subsidiary developing EV brand . Air Grille Shutters for the Lambda and Alpha models in China . PO becomes Mitsubishi’s preferred partner for the OEM’s substitution from metal to plastic fuel systems . 1st contract for the Triton (Thailand) 2021 HALF YEAR RESULTS - July 21st, 2021 Confidential 12 Operational Excellence: New plant in China 33rd plant in China New plant in LinGang, Shanghai region, for a BEV manufacturer Annual production capacity up to 1 million exterior parts and systems SOP in 2022 Sustainable plant: photovoltaics/energy storage, natural gas thermal power, wastewater treatment stations 2021 HALF YEAR RESULTS - July 21st, 2021 Confidential 13 Operational Excellence: Omega transformation plan on track INDIRECT PURCHASING A team of 400 people COMPANY DESIGN 2,500 initiatives OF CHOICE & DEVELOPMENT . Best cost countries sourcing, DIGITALIZATION including sustainability constraints CARBON-NEUTRAL ORGANIZATION . Regional synergies STRATEGY DESIGN €200m of savings confirmed INDUSTRY 4.0 – o/w 50% in 2021, on track OBJECTIVES LEVERAGING DIGITALIZATION SIMPLIFYING OUR PROCESSES CHALLENGING OUR ORGANIZATION to become more agile to increase our performance to achieve our cross-fertilization potential 2021 HALF YEAR RESULTS - July 21st, 2021 Confidential 14 Second Strategic Pillar: Innovation INNOVATION Customers Renewable energies Plants Recycled materials Omega program Carbon neutrality Hydrogen development New modules Body panel OPERATIONAL SUSTAINABILITY EXCELLENCE 2021 HALF YEAR RESULTS - July 21st, 2021 Confidential 15 Innovation: Hydrogen, a comprehensive offer for High Pressure Storage Systems High Pressure Vessels Systems SYSTEM INTEGRATION 30% lighter than steel vessels Neck or strap mounting, valves, Hydrogen and CNG applications piping, control and diagnostic, state of health, safety management Tailored vessel dimensioning to the vehicle from 350 to 700 bars TYPE IV VESSELS Thermoplastic liner Floor Module Composite filament winding Certified R134 and EC79 Unique packaging dimension HPV* system Tank system using a tubular assembly compatible with the battery pack space COMPOSICAD Cost efficient by using less fibers Proprietary design software Optimized industrialization of electric platforms for filament winding * High Pressure Vessel 2021 HALF YEAR RESULTSRESULTS - July 21st, 2021 Confidential 16 Innovation: Hydrogen, addressing the mobility market with Fuel Cell Systems Suitable for passenger cars and LCV FCM - NM5 (up to 60 kW) Launch on Simplified system with integrated functions (DC/DC) March 1st, 2021 Robust components and stack design (Elringklinger 60%, Plastic Omnium 40%) Long service life and low degradation FUEL CELL STACK Bipolar Plate, Stack Module, Media module Bus & Trucks applications FCM - NM12 (80 to 200 kW) BALANCE OF PLANT (BOP) Full system design and integration capabilities Thermal, Hydraulic, Electronics Black box approach for easy application integration High power density, lightweight, compact stack design 2021 HALF YEAR RESULTSRESULTS - July 21st, 2021 Confidential 17 Innovation: Paving the way to €0.3bn hydrogen sales in 2025 and €3bn in 2030 . Technological partnership with . Maximize the performance of the filling interface between H2 stations & vessels . Development of joint commercial products & solutions starting from the needs analysis phase . Partnership with to develop the hydrogen storage system of the Māchina, high-end vehicle to hit the market in 2026 . Prototype of high pressure hydrogen vessel to achieve 1,000 km range . Strong commercial pipeline – ongoing activities with all major OEMs & mobility players (trucks, bus, trains) 2021 HALF YEAR RESULTS - July 21st, 2021 Confidential 18 Innovation: Paving the way to €0.3bn hydrogen sales in 2025 and €3bn in 2030 . Fuel cell stacks for GCK high power Fuel Cell system . First outing in the 2023 Dakar Rally . Adapted to a broad range of industrial applications . High-volume series production contract for fuel cell stacks with AE Driven Solutions – H2 vehicules for inner city transport . Fuel cell systems to equip hydrogen-powered truck of EFA-S . Ambition of more than 100 H2 vehicles by 2023 2021 HALF YEAR RESULTS - July 21st, 2021 Confidential 19 Innovation: increase in content on electrified vehicle LID module A Lid (painted) B Actuator Today only existing as single components Movement C delivered to OEM. sensor (open lid) Potential to develop LED charging a module D indicator Market for LID module: Charging box E PHEV and Electric frame Vehicules in Premium segment F Control unit G Wire harness 2021 HALF YEAR RESULTS - July 21st, 2021 Confidential 20 Innovation: increase in content on BEVs Frunk module Torsional ring A (crash, NVH…) B Frunk tray Charging cable, Today existing as C spring-driven reel “simple“ plastic tray, potential to integrate D Charging plug multiple functions and add value Cooling box E or refrigerator Fixation of cooling F fluid bottle… Compartment for G warning triangle, repair kid… 2021 HALF YEAR RESULTS - July 21st, 2021 Confidential 21 Innovation: increase in content on connected cars Body panel functionalized with 4D imaging radar Body panel functionalization Use of bumper’s surface as a giant radar Co-design body panel / sensor for enhanced aperture for enhanced performances performances (resolution, field of view, wave transparency, algorithm tuning, etc.). Unmatched radar performances Far better than conventional radars, tending toward lidar’s performances. Architectures simplification Replacement