“We have invested heavily to make sure we are in a position to meet our customers’ new requirements, such as in lighting and electrification technologies. Very few groups of our size were as active as us or invested as heavily as we did in 2022.” Plastic Omnium continued to deliver on its strategic roadmap in 2022, despite the invasion of Ukraine, inflation, and supply difficulties. The Group has consolidated its new positioning, backing it with a strategy focused on well-timed acquisitions. How are you making this transformation a reality? We have invested heavily to make sure we are in a position to meet our customers’ new requirements, such as in lighting and electrification technologies. Very few groups of our size were as active as us or invested as heavily as we did in 2022. Plastic Omnium is expanding and growing stronger, thanks to the creation of a new Lighting division following two strategic acquisitions and the complete integration of all the HPBO modules. Our goal is also to offer actors from the heavy mobility sector a complete energy line-up of battery packs and power electronics. Then there is the dedicated software organization, OP’nSoft, we have set up to speed up software development and facilitate its integration into the majority of our products. What are the prospects for the short and medium term? We know where we are heading, and are already feeling the first benefits of our transformation. Our priority is to support our workforce, beginning with successfully onboarding 7,000 new people who joined us in our Lighting, e-Power and Modules businesses. We are also focused on recruiting the new talents the Group needs to underpin its future growth. During this period of high inflation, we have to be able to continue financing our future and supporting it by rolling out our new technologies and structures, and by innovating in electrification, 4D imaging radar and new sustainable and recyclable materials. By following this daring path, with the backing of our solid financial structure and our values as an entrepreneurial family-owned business, we will succeed in making the difference. commitment to a mobility that is more sustainable, intelligent and connected. And because the purpose reflects and acknowledges environmental and societal concerns, it also unites our entire 40,500 workforce around a common goal. The goal pursued by a Group determined to play a driving role in transforming mobility and in the energy transition. What are the key trends changing the face of mobility? Although they come in many different forms, all types of urban and intra-urban mobility are impacted by the rise of connectivity, active safety, and alternative energies. We live in a fast-changing world and Plastic Omnium is adapting to become a major partner to every actor in the mobility sector, providing them with technologies and services. Plastic Omnium’s role has shifted from supplier to the automotive industry to technology partner. We strongly believe that the energy transition will see several combinations of technologies working side by side. And we offer high-end solutions for these technology combinations. Trends in the industry are also changing how we behave as a business. As a responsible industrial group, we hold ourselves to the same high standards of sustainability throughout our business, applying them to how we operate our plants, design our product innovations, and look after the well-being of our employees. This is the true meaning of our ambitious sustainability roadmap. What is the Group’s strategy to make these new forms of mobility possible? Our roadmap centers on consolidating our leadership and diversifying our activities. We are focused on three areas: developing our product portfolio by growing our content and value per vehicle, generating a new profitable growth stream in electric mobility, connectivity and safety and, in the longer term, expanding our activities into services. These services might include recycling products, materials or electric cars maintenance. In 2030, 40% of our revenue will be generated by products not in our current product line-up, such as hydrogen, lighting and electrification. Historically, Plastic Omnium has always known how to anticipate new technologies and enter new markets. This remains very much the case today. 7
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