COMPANY PRESENTATION SEPTEMBER 2020 - CIE Automotive

 
COMPANY PRESENTATION SEPTEMBER 2020 - CIE Automotive
COMPANY PRESENTATION
         SEPTEMBER 2020
1
COMPANY PRESENTATION SEPTEMBER 2020 - CIE Automotive
DISCLAIMER
             • This document has been prepared by CIE Automotive, S.A. ("CIE Automotive"), and is for information purposes only. No reliance may or should be placed
               for any purposes whatsoever on the information contained in this document or on its completeness, accuracy or fairness. This document and the
               information contained herein are strictly confidential and are being shown to you solely for your information. The information may not be copied,
               distributed, reproduced or passed on, directly or indirectly, in whole or in part, or disclosed by any recipient, to any other person (whether within or
               outside such person's organization or firm) or published in whole or in part, for any purpose or under any circumstances.

             • This document is an advertisement and not a prospectus for the purposes of applicable measures implementing EU Directive 2003/71/EC (such Directive,
               together with any applicable implementing measures in the relevant home Member State under such Directive, the "Prospectus Directive") and as such
               does not constitute or form part of any offer to sell or issue or invitation to purchase or subscribe for, or any solicitation of any offer to purchase or
               subscribe for, any securities of CIE Automotive or any of its affiliates or subsidiaries, nor shall it or any part of it nor the fact of its distribution form the
               basis of, or be relied on in connection with, any contract or investment decision. Investors should not subscribe for or purchase any securities referred to
               in this advertisement except on the basis of the information contained in any prospectus eventually published in accordance with the Prospectus
               Directive. The information and opinions contained in this document are provided as at the date of the document and are subject to change.

             • This document is not an offer of securities for sale in the United States, Australia, Canada or Japan. The information contained herein does not constitute
               an offer of securities for sale in the United States, Australia, Canada or Japan. Securities may not be offered or sold in the United States unless they are
               registered or are exempt from registration. No money, securities or other consideration is being solicited and, if sent in response to the information
               contained herein, will not be accepted. Copies of this document are not being, and should not be, distributed or sent into the United States. This
               document does not constitute an offer of securities to the public in the United Kingdom or in any other jurisdiction. The distribution of this document in
               other jurisdictions may also be restricted by law and persons into whose possession this document comes should inform themselves about and observe
               any such restrictions.

             • Certain financial and statistical information contained in this document is subject to rounding adjustments. Accordingly, any discrepancies between the
               totals and the sums of the amounts listed are due to rounding. Certain management financial measures included in this document have not been subject
               to a financial audit.

             • The information and opinions contained in this document are provided as at the date of the document and are subject to verification, completion and
               change without notice. Neither CIE Automotive nor any of its parent or subsidiary undertakings, or the subsidiary undertakings of any such parent
               undertakings, or any of such person's respective directors, officers, employees, agents, affiliates or advisers, undertakes any obligation to amend, correct
               or update this document or to provide the recipient with access to any additional information that may arise in connection with it.

             • CIE’s management uses recurrently and in a consistent way during business management certain Alternative Performance Measures, APM which include
               terms about results, balance sheet and cash flow. CIE understands that those APMs are helpful to explain its activity evolution, so they are presented,
               defined and reconciled with financial statements in this presentation’s Appendix.

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COMPANY PRESENTATION SEPTEMBER 2020 - CIE Automotive
INDEX
        1.   WHAT IS CIE AUTOMOTIVE?

        2.   CIE CULTURE

        3.   UPDATE ON RESULTS

        4.   CIE IN STOCK EXCHANGE

        5.   APPENDIX

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COMPANY PRESENTATION SEPTEMBER 2020 - CIE Automotive
1.0 WHAT IS
CIE AUTOMOTIVE?
COMPANY PRESENTATION SEPTEMBER 2020 - CIE Automotive
CIE AT A GLANCE   INTEGRATION AND MANAGEMENT OF PROCESSES IN A
                  SUSTAINABLE AND PROFITABLE WAY

                                                      EBIT 2019:                         CURRENT
                     SALES 2019:                                                         MKT CAP:
                                                     427.1 M€
                    3,461.1 M€                       >12% over sales                    ≈1,900 M€
                                                                       NET RESULT
                                   EBITDA 2019:                          2019:
                                   594.4 M€                            287.5 M€
                                   >17% over sales                     >8% over sales

                        Unique business model developed successfully since 1996, with a
                        solid track record and an IRR over 20%.
                        Carried forward in the context of the necessary consolidation of the
                        automotive Tier 2 sector.
       5
COMPANY PRESENTATION SEPTEMBER 2020 - CIE Automotive
HISTORY   A SUCCESSFUL INTEGRATION STORY OF > 20 YEARS

                   Almost 100 companies and over 28,000 people integrated in Europe,
                           North America, South America and Asia since 1996.
   6
COMPANY PRESENTATION SEPTEMBER 2020 - CIE Automotive
GLOBALISATION   GLOBAL FOOTPRINT WITH ESTABLISHED LOCAL PRESENCE

      7
COMPANY PRESENTATION SEPTEMBER 2020 - CIE Automotive
SUSTAINED AND PROFITABLE GROWTH         Turnover (M€)                                                                                                         EBITDA (M€)
                                        CAGR 2002-2019: 12%                                                                                                   CAGR 2002-2019: 15%
                                                                                                                                                                                         17%                                                  17%       17%
                                                                                                                                    3.461
                                                                                                                                               700
                                                                                                                                                                                                           16% 16%                    16% 17%                  18%

                                                                                                                                                                         15% 15% 15%                                 15% 15% 16%                        594
                                                                                                                                                               14% 14%                               14%                                                       16%
                                                                                                                                               600
                                                                                                                            3.029
                                                                                                                       2.843                                                                   12%                                                529          14%
                                                                                                                                                                                                                                            471
                                                                                                                                               500
                                                                                                                                                         11%                                                                                                   12%

                                                                                                                 2.221
                                                                                                            2.051                              400                                                                                    358                      10%
                                                                                                                                                                                                                                320
                                                                                                       1.811
                                                                                                                                               300
                                                                                                                                                                                                                          276                                  8%
                                                                                                  1.479                                                                                                  222 207 223
                                                                                  1.3221.3961.308                                                                                        192         191
                                                                      1.158                                                                                                                                                                                    6%

                                                                 1.057                                                                         200                                 156
                                                             893            969                                                                                          116 131               120                                                             4%
                                                      782                                                                                                      80   91
                                                670
                                        481 570                                                                                                           53
                                                                                                                                               100
                                                                                                                                                                                                                                                               2%

                                                                                                                                                     0                                                                                                         0%

                                        EBIT (M€)                                                                                               Net Income (M€)
                                                                                                                                               350
                                                                                                                                                                                                                                                   8%    8%     9%

                                  600
                                        CAGR 2002-2019: 15%                                                                  13%         14%
                                                                                                                                                CAGR 2002-2019: 31%
                                                                                                                                               300
                                                                                                                                                                                                                                       7%
                                                                                                                                                                                                                                             7%
                                                                                                                                                                                                                                                         287    8%

                                                                                                                                   12%
                                                                                                                       12%
                                                                                   11%                           11%                                                                                                             6%                             7%
                                                                                                                                         12%                                                                                                      243
                                  500
                                                                                                           10%                                 250
                                                                 10%                     10%                                       427
                                                                                               10%                                                                             5% 5%
                                                                                                                                                                         4% 5%
                                                                                                     9%                      399                                                                                                            202
                                                                                                                                                                                                                                                                6%

                                                            9%              8%
                                                                                                                                         10%
                                                                                                                                                                                                           4% 5%           4%
                                  400
                                                   8%                                                                                          200

                                              8%                                                                       339                                                                                           4%                                         5%

                                                                                                                                         8%
                                                                                                                                                                                                     3%                               151
                                         6%                            6%                                                                                           3%                                                                                          4%
                                  300
                                                                                                                 249                           150

                                                                                                                                                                                                                                118
                                                                                                           215                           6%                    2%
                                                                                                                                                                                                                                                                3%
                                                                                                     172                                                                                        1%                         78
                                  200
                                                                                  152
                                                                                         132 142
                                                                                                                                               100

                                                                 117                                                                                                                                       60   59
                                                                                                                                         4%
                                                                            112                                                                          1%                        51    54                          56                                         2%

                                                   73       90                                                                                                                42                     41
                                  100
                                              59                       59                                                                       50                       35
                                         42                                                                                              2%
                                                                                                                                                               13   20                         11
                                                                                                                                                                                                                                                                1%

                                                                                                                                                         3
                                    0                                                                                                    0%      0                                                                                                              0%

                                                                                                                                                                                          Automotive Business comparable following 2018 accounting perimeter.

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COMPANY PRESENTATION SEPTEMBER 2020 - CIE Automotive
SUSTAINED AND PROFITABLE GROWTH

                                                    EARNINGS PER SHARE (€)                                                                                                        DIVIDEND PER SHARE (€)
                                                         & EPS YIELD                                                                                                                 & DIVIDEND YIELD
                                                           CAGR 2016-2019: 21%                                                                                                          CAGR 2016-2019: 22%

                                                                                                                                                                                                                       +19%
                                                                                                                +19%                                              0,80                                                        0,74    17,80%
                                  2,50
                                                                                                                                                                                                        +11%
                                                                                                                                          17,80%
                                                                                                                           2,23
                                                                                    +13%                                                  15,80%                  0,70
                                                                                                                                                                                                               0,62
                                                                                                                                                                                                                                      15,80%

                                                                                                   1,88
                                                                                                          (1)
                                                                                                                                                                                         +37%
                                  2,00
                                                             +33%                                                                         13,80%                  0,60                          0,56                                  13,80%

                                                                           1,67
                                                                                                                         10,58%           11,80%
                                                                                                                                                                  0,50
                                                                                                                                                                                                                                      11,80%

                                  1,50                                                                                                                                          0,41
                                                    1,26                                          8,77%                                   9,80%
                                                                                                                                                                                                                                      9,80%
                                                                                                                                                                  0,40
                                                                          6,90%                                                           7,80%
                                                                                                                                                                                                                                      7,80%

                                  1,00                                                                                                                            0,30
                                                                                                                                                                                                                                      5,80%
                                                  6,81%                                                                                   5,80%
                                                                                                                                                                                                                              3,51%
                                                                                                                                                                  0,20
                                                                                                                                                                               2,21%            2,31%          2,89%                  3,80%
                                                                                                                                          3,80%
                                  0,50
                                                                                                                                                                  0,10                                                                1,80%
                                                                                                                                          1,80%

                                                                                                                                                                    -                                                                 -0,20%
                                    -                                                                                                     -0,20%

                                                                                                                                                                               33%               33%           33%            33%
                                                                                                                                                   PAY-OUT
                                                  High double digit Earnings growth over the                                                        POLICY
                                                                                                                                                                         + A dividend in kind in 2018 valued in more than
                                                  period of the last Strategic Plan has allowed
                                                                                                                                                                                   400€ or more than 3€/share.
                                                        significant growth of dividends.

                                        Note: EPS yield and dividend yield are calculated with year end closing share prices.
                                        (1) EPS 2018 is calculated with the normalized automotive business net income (Dominion shares were paid as dividend in kind as of July 3rd, 2018).

               9
COMPANY PRESENTATION SEPTEMBER 2020 - CIE Automotive
2.0 CIE CULTURE
       2.1 GEOGRAPHICAL BALANCE

       2.2 COMMERCIAL
       DIVERSIFICATION
       2.3 MULTI –TECHNOLOGICAL
       PORTFOLIO

       2.4 INVESTENT DISCIPLINE

       2.5 DECENTRALIZED
       MANAGEMENT

       2.6 ESG
2. OUR BUSINESS MODEL

                                           NON USUAL
                                                               MULTI-
                          A NECESSARY    COMMERCIAL        TECHNOLOGICAL
                        GEOGRAPHICAL    DIVERSIFICATION,      PORTFOLIO,
                          BALANCE          AS A DEFENSE      A FLEXIBILITY
                                               TOOL          INSTRUMENT

                        INVESTMENT      DECENTRALIZED            ESG
                         DISCIPLINE     MANAGEMENT,        INTEGRATED IN OUR
                         AND RETURN         FOR VALUE       BUSINESS MODEL
                          EXIGENCE         GENERATION

         11
2.1 GEOGRAPHICAL BALANCE                   SALES BY GEOGRAPHY 2019                   • Healthy geographical balance in sales and
                                                                                      results.
                                                                                     • Defensive tool against different cycle
                                                                 26,9%                 momentum in the diverse geographies.
                             26,5%                                   EUROPE          • Represents a key competitive advantage
                           NORTH AMERICA                                               when servicing global platforms.
                                                                                     • 112 production sites.
                                                                                     • ≈ 28,000 employees.
                                                                                     • 10 R&D centres.
                                                       TOTAL                         • 4 main markets.

                                                 3,461.1                             • > 7,000 references.

                                                 million euros
                                                                                                        2018

                                                                                              18%                        11%
                                                                                                                         BRAZIL
                                                                                              ASIA

                              9,4%                                        21,9%
                              BRAZIL                                          ASIA                          TOTAL
                                                                                                                                   25%
                                                                                      18%                3,029.5                   NORTH
                                                                                      MCIE               million euros            AMERICA
                                                                                     EUROPE

                                               15,3%
                                              MCIE EUROPE                                     28%
                                                                                              EUROPE
                                                                                              EX MCIE

          12
2.2 COMMERCIAL DIVERSIFICATION                                      SALES BY CUSTOMER 2019
                                                                                                   • Limited dependence on single customer,
                                                                                                     platform or car model enabling price
                                                                                                     defense.
                                                                                                   • Both direct sales to OEMs and Tier 1s (circa
                                                                                                     70% - 30%).
                                                                                                   • Clients focused on different end market
                                                                                                     segments which provides additional
                                                                                                     diversification.
                                                                                                   • Solvent, assorted and continuous quotation
                                                                                                     requests, which allows us investment
                                                                                                     choice by profitability return criteria.
                                                                                    TOTAL

                                                                                 3,461.1                                                2018

                                                                                 million euros

                                                                                                 *OTHERS: JTEKT, TATA, DAF, MAN, AAM,
                                                                                                 BMW, SCHAEFFLER GROUP, THYSSEN
                                                                                                 KRUPP, ACI Y DACIA, TRW, KS,
                                                                                                 KOLBENSCHMIDT, AUDI, MARUTI-SUZUKI,
                                                                                                 BROSE, HYNDAI, KIA, OPEL, SCANIA,
                                                                                                 LEAR…

                                 *Includes 3% of BBAC (BAIC-DAIMLER JV) sales.
                                 **Includes 1% of SGM (SAIC-GM JV) sales.
             13
2.3 MULTI-TECHNOLOGICAL PORTFOLIO                                  SALES BY TECHNOLOGY 2019
                                                                                                                                                           • One-stop shop for customers, offering the
                                                                                                                                21%                          whole range of the existing technologies
                                                                                                                                METAL                        to produce components.
                                                                                                                             STAMPING AND
                                                                                                                                                           • Enabling the selection of the technology
                                         21%                                                                                 TUBE FORMING
                                                                                                                                                             that better fulfills changing customers
                                        FORGING
                                                                                                                                                             needs.
                                                                                         TOTAL
                                                                                                                                       18%                 • Allowing CIE to direct investments on

                                     3%
                                                                                 3,461.1                                         MACHINING                   winning technologies anytime.

                                                                                                                                                           • Allowing to produce multi-technological
                                    CASTING                                      million euros                                                               parts.

                                         10%
                                                                                                                                                                              4%
                                     ALUMINIUM                                                                                                                               CASTING         2018
                                                                                                                         16%
                                                                                                                                                             9%
                                                             11%                                                    ROOF SYSTEMS                          ALUMINUM

                                                         PLASTICS
                                                                                                                                                                                                         26%
                                                                                                                                                                                                       FORGING
                                                                                                                                                          16%                   TOTAL
                                                                                                                                                         PLASTIC &
                                                                                                                                                       ROOF SYSTEMS
                                                                                                                                                                             3,029.5
                                                                                                                                                                             million euros
                                      TECHNOLOGY BY GEOGRAPHICAL AREA
                                                             TOTAL   MACHINING    STAMPING   FORGING   PLASTIC   ALUMINIUM    ROOF SYSTEMS   CASTING
                                                                                                                                                                                                       23%
                                      EUROPE                  44        15           5         6         5           7             6                           22%                                   MACHINING
                                                                                                                                                            STAMPING &
                                      NORTH AMERICA           19        6            5         2         3           1             2                       TUBE FORMING
                                      BRAZIL                  15        3            4         1         5           1                         1

                                      ASIA (INDIA & CHINA)    32        3            6         8         1           3             9           2

                                      TOTAL                  110        27          20         17        14         12            17           3

              14
2.3 MULTI-TECHNOLOGICAL PORTFOLIO

                                    FORGING       CRANKSHAFT
                                                    Engine
                                                                       CV- JOINTS
                                                                      Transmission
                                                                                            CV- JOINTS
                                                                                           Transmission
                                                                                                                  AXLE SHAFT
                                                                                                                 Transmission
                                                                                                                                     AXLE BEAM
                                                                                                                                     Commercial
                                                                                                                                      Vehicles
                                    ALUMINIUM

                                                GEARBOX HOUSING     eREDUCER HOUSING      LADDER FRAME        STEERING HOUSINGS   CAMSHAFT COVER
                                                    Gearbox            xEV Gearbox           Engine                 Steering           Engine
                                    CASTING

                                                 TURBO HOUSING          CRANKSHAFT     DIFFERENTIAL HOUSING      BRAKE DRUM          AXLE ARM
                                                     Engine               Engine            Transmission            Brakes        Structural Parts
                                    MACHINING

                                                HUBS, OUTER RINGS    EPS COMPONENT      DIFFERENTIAL CASE           FLANGE         AXLE SHAFT
                                                      Chassis            Steering          Transmission          Transmission      Commercial
                                                                                                                                    Vehicles

              15
2.3 MULTI-TECHNOLOGICAL PORTFOLIO

                                    TUBE FORMING
                                     STAMPING &              STEERING COLUMNS              BRAKE BOOSTER /                 BATTERY PACK COVER              STRUCTURAL PARTS     POWER ELECTRONIC
                                                                  Steering                    I-BOOSTER                       xEV Chassis &                     Chassis &             COVER
                                                                                                Brakes                       Structural Parts                Structural Parts     xEV Electronics
                                         PLASTIC

                                                               EMBLEMS & INMOLD          CONNECTORS &                     LOAD FLOOR                    ARM REST, CUP HOLDER,      WHEEL COVERS,
                                                                 DECORATION             JUNCTION BOXES        Composite Spray Molding & Thermoforming   PILARS, GRAB HANDLES,    REAR-VIEW MIRRORS,
                                                             Interior & Exterior Trim     Electronics                    Interior trim                     SPEAKER GRILLS…         DOOR HANDLES
                                                                                                                                                            Interior Trim           Exterior Trim
                                    TECHNOLOGY ROOF SYSTEM

                                                                  ROOF SUNSHADES          FIXED ROOF MODULES                OPENING ROOF                  FLUSH WINDOWS          SUNSHADES
                                                                      Shading                    Roofs                        MODULES                     Doors & Windows          Shading
                                                                                                                                Roofs
                                       MULTI-

                                                                 BATTERY BOX                BATTERY BOX                      BATTERY BOX                    DIESEL & GASOLINE      DIESEL & GASOLINE
                                                             PLASTIC - COMPOSITE             STAMPING                        ALUMINIUM                       INJECTION RAILS        INJECTION RAILS
                                                                                                                                                              FORGING AND            TUBE FORMING
                                                                 xEV Chassis &              xEV Chassis &                    xEV Chassis &                     MACHINING
                                                                Structural Parts           Structural Parts                 Structural Parts                                            Engine
                                                                                                                                                                 Engine

              16
2.4 INVESTMENT DISCIPLINE
                            STANDARD      Valid to produce for different customers and platforms,
                                          allowing high saturation of productive capacity.
                             FLEXIBLE
                            MACHINERY     ≈4% recurrent investment level that allows maintenance and
                                          market organic growth.

                               STRICT     Investment analysis discipline, always requiring high returns.
                            INVESTMENT    Investments ≥ 20% ROI.
                             DISCIPLINE   Operating Working Capital ≈0.

                               EBITDA     Operational efficiency, together with capex control and
                                          finance/tax strategies, enables a high average conversion of
                            CONVERSION    the EBITDA into Cash.
                             INTO CASH
                                          > 55% conversion level target.

           17
2.5 DECENTRALIZED MANAGEMENT
                                                          CASH FLOW
                                                            FOCUS
                                                                         INDIRECT
                                          TEAM                            PEOPLE
                                       COMMITMENT                      PRODUCTIVITY

                                FAST AND                                         DECENTRALIZED

                                                OBJECTIVE:
                                 SIMPLE                                          MANAGEMENT
                                DECISION                                           STRUCTURE

                                                  VALUE
                                 MAKING

                                 UNIVERSAL,
                                               GENERATION                             NETWORK
                                                                                      SERVICES
                                  FLEXIBLE,
                                 MULTITASK                                            SUPPORT
                               ENTREPRENEURS

                                                                        VARIABLE AND
                                               LEAN
                                                                         LONG-TERM
                                           HEADQUARTERS      GLOCAL      INCENTIVES
                                                            PRESENCE
                                                              AND
                                                             ORDERS
            18
19
     2.5 DECENTRALIZED MANAGEMENT
                              ORGANIZATION CHART
2.6 ESG - ENVIRONMENTAL
                                TRIPLE CERTIFICATION
                                       Closing in Triple Certification at all factories: IATF 16949, ISO
                                       14001 and OSHAS 18001.

                                ENVIRONMENTAL FOOTPRINT
                                       Development of advanced calculations of the Environmental
                                       Footprint of the company’s products.

                                CARBON EMISSION COST
                                       Inclusion of the Carbon Emission Cost as a new environmental
                                       performance indicator.

                                CIRCULAR ECONOMY MODEL
                                       Moving towards a Circular Economy Model with the aim of
                                       reducing the intake of materials and the production of virgin
                                       waste by closing economic and ecological loops.

                             Balancing industrial activity with minimum environment impact:
                                    Skilled knowledge on production processes enables us for

                          CONSUMPTION OPTIMIZATION AND MATERIALS REUSE
          20
2.6 ESG - ENVIRONMENTAL   SUSTAINABLE R&D
                            CIE Automotive collaborates with a number of associations on a range of research programs.
                            Every year we earmark approx. 2% of our revenue to this effort across its 10 R&D centers, taking
                            a multi-technological and multi-materials approach.

                             The R&D roadmap initiatives are focused on tackling the challenges posed by the transformation unfolding in the sector:

                                                                                                                               SLOW BUT
                                VEHICLE                     PRODUCT AND                     NEW MOBILITY                        STEADY
                               EMISSION                        PROCESS                        CONCEPTS                     ELECTRIFICATION
                              STANDARDS                     DIGITALISATION                   (COMFORT)                            OF THE
                                                                                                                                  SECTOR

          21
2.6 ESG - SOCIAL   COMMITMENT TO STAKEHOLDERS

                         IDENTIFICATION OF NINE GROUPS OF STAKEHOLDERS
                            Stakeholders: shareholders, professionals, customers, business partners, suppliers, society, public
                            authorities, automotive sector and financiers.

                         GLOBAL ROLL OUT OF OUR CSR WORKSHOPS
                          • Attended by local executives and managers.
                          • External and internal analysis of the key issues in the ESG arena.
                          • Prioritization of the issues identified as relevant.

                         DECENTRALISED MANAGEMENT MODEL
                          • Model that eases community engagement decisions and aligns them with each country’s
                            specific needs.
                          • More than 90% of plant managers are local.

                         STRATEGIC ALLIANCE WITH SAVE THE CHILDREN
                          First community project at corporate level: “Caminando hacia el futuro” (“Walking towards the
                          future”). A collaborative agreement for training support to youth in Mexico.

       22
2.6 ESG - SOCIAL   HUMAN RESOURCES
                        ZERO TOLERANCE WITH DISCRIMINATION
                            • Work environment free of bias on the grounds of gender, race, religion, age, sexual orientation, nationality, civil
                              status or socio-economic background.
                            • Approval of Corporate Equality Plan in order to reduce the salary gap and to get closer to effective gender equality
                              by job category.

                        ZERO TOLERANCE STANCE ON CHILD AND FORCED LABOUR

                        COLLECTIVE BARGAINING AGREEMENTS
                             • Employees’ freedom of association and right to collective bargaining.
                             • All of the agreements make special mention of workplace health and safety matters.

                        PEOPLE MANAGEMENT MODEL
                             • Creation of employee skill profiles.
                             • Evaluation of executive, middle management and skilled workers' job performance.
                             • Identification of areas for improvement. Continuous training.
                             • Career Development Programme.
                             • Global training on human rights matters.

                        EMPLOYEE ASSISTANCE MEASURES
                            • In 2019, over €30 million spent in employee support measures in the areas of health, food services, transport and
                              education.
                            • Compliance with and often exceeding the minimum wage requirements in each country.
                            • Development of work-life balance measures.

       23
2.6 ESG - SOCIAL

                                          GREEN SUPPLY CHAIN
                   A SUPPLIER
                   PORTAL                                                   We share
                   to facilitate end-   OVER 90% OF                         information        Standardisation
                   to-end               SUPPLIERS         OVER 20% OF       about our supply   of the global
                   management and       of the product    SUPPLIERS         chain and          requirement to
                   to ensure that       families deemed   of productive     FOSTER             EMBED ESG
                   the procurement      subject to        material have     TRAINING           CRITERIA INTO
                   model is framed      assessment are    ENVIRONMENTAL     at small and       AUDITS OF
                   by the criteria of   IATF 16949 or     MANAGEMENT        medium sized       SUPPLIERS
                   OBJECTIVITY,         ISO 9001          CERTIFICATIONS.   enterprises by     of productive
                   IMPARTIALITY         CERTIFIED.                          leading by         material.
                   AND EQUAL                                                example.
                   OPPORTUNITIES.

       24
2.6 ESG - GOVERNANCE
                       CORPORATE GOVERNANCE DRIVEN BY PRINCIPLES OF ETHICS AND
                       TRANSPARENCY.
                           Responsibility for oversight of due compliance with the Code of Conduct and the various emanating
                            corporate policies are vested in the Corporate Social Responsibility Committee, which reports to the Board
                            of Directors.
                           CIE Automotive, S.A. makes it possible for all people who are part of the organization and its stakeholders
                            to submit doubts and notify irregularities or breaches against ethics or integrity or that infringe the
                            guidelines established in the Code of Conduct through the Whistle-Blowing Channel.
                           Upholding Spanish Law and international Directives on non-financial information and diversity.

                       CLOSING OF THE 2018-2019 CORPORATE STRATEGIC PLAN, DESIGNED TO
                       STANDARDIZE AND EMBED ESG CRITERIA ACROSS THE GROUP.

                             Consolidation of the compilation process of non-financial information.
                             External assurance for GRI indicators.
                             Development of ESG targets for each department.
                             Implementation of a CSR working methodology that can grow with CIE Automotive.
                             Development of a communication methodology with stakeholders.

         25
2.6 ESG - GOVERNANCE
                       1   Signatory Member of the United Nations Global Compact and its Spanish Network,
                           for the implementation of the 10 Universally Accepted Principles to encourage
                           business social responsibility in the areas of human rights, labour, environment
                           conservation and anticorruption.

                       2   Pledge to contribute to sustainable development by upholding 8 of the 17
                           Sustainable Development Goals at the heart of the 2030 Agenda for Sustainable
                           Development.

                       3
                           Commitment to ethical and sustainable development in the management model.

         26
2.6 ESG - FTSE4GOOD   FTSE4Good INDEX SERIES CONSTITUENT

                            FTSE Russell confirms that CIE Automotive S.A. has been
                            independently assessed according to the FTSE4Good criteria,
                            and has satisfied the requirements to become a constituent of
                            the FTSE4Good Index Series.

                            Created by the global index provider FTSE Russell, the
                            FTSE4Good Index Series is designed to measure the
                            performance of companies demonstrating strong Environmental,
                            Social and Governance (ESG) practices.

                            The FTSE4Good indices are used by a wide variety of market
                            participants to create and assess responsible investment funds
                            and other products.

        27
2.6 ESG - SUSTAINABLE FINANCING
                                            CIE AUTOMOTIVE ARRANGED AN €80 MILLION
                                              BILATERAL SUSTAINABLE LOAN WITH BBVA

                                                   Score provided by   ESG performance      A fresh milestone
                                  Terms tied to
                                                     Vigeo Eiris an    will be evaluated        in our CSR
                                  the ESG score
                                                    environmental      during the life of     commitment
                                                      consultant            the loan

              28
3.0 UPDATE ON
      RESULTS:
       3.1 RESULTS
       3.2 BALANCE SHEET
       3.3 CASH FLOW
       3.4 FORECASTS 2020
JUNE 2020   HIGHLIGHTS H1 2020

               01             EBITDA Q2 2020
                                                                                              +13.2 €Mio                                                             CIE MARKET
                                                                                                                                                                  QUARTER DROP >60%

               02             Net Income
                              H1 2020                                                         58.3 €Mio                                                            CIE MARKET
                                                                                                                                                              HALF-YEAR DROP >40%

               03             Operating Cash                                                  +64.2 €Mio                                                          MANAGEMENT MODEL
                                                                                                                                                                     FOCUSED ON
                              Generation H1 2020                                             46% OPERATING CASH /                                                  CASH GENERATION
                                                                                             EBITDA
               04                                                                                                                                                     TARGET PRICE
                              Analyst
                              recommendation
                                                                                              100%                     DO NOT SELL                                     CONSENSUS
                                                                                                                                                                         22.33€

                                                                                              1,130 €Mio
                                                                                                                                                                  Cash and temporary financial
               05             Liquidity Reserve                                                                                                                     investments: 568 €Mio
                                                                                                                                                                  Undrawn funding: 562 €Mio

                                                                                                                                                                    MAINTAINING OUR
               06             Dividends and own
                              shares acquisition
                                                                                              106.5 €Mio                                                           COMMITMENT WITH
                                                                                                                                                                    SHAREHOLDERS

               07             Workforce
                                                                                              24,078
                                                                                                                                                                          Vs 28.124
                                                                                                                                                                          (Dec 2019)
                                                                                              EMPLOYEES

               CIE Market: Motor vehicles production IHS JUNE 2020 (6 months 2020) (growth % in units), weighing the markets in which CIE has production plants
   30
JUNE 2020   HIGHLIGHTS H1 2020

                                       JUST TWO CRITICAL MONTHS
                                        April with 20% production(*) and May with 35%. In June, with 60% of production(*) we
                                        achieve important net income

                                       DEBT REDUCTION
                                        The debt peak reached in May has already begun to decrease in June with the large cash
                                        generation

                                       FINANCIAL STRATEGY
                                        With our income statement and our cash generation capacity, we have not had to change
                                        the Group's financial strategy, focused on three areas:
                                        •       Remuneration of our shareholders: dividends and repurchase of own shares for
                                                capital reduction
                                        •       Organic and inorganic growth plan: we are the integrating company in the sector that
                                                will allow us to continue increasing our market share and value generation
                                        •       Net Working Capital Growth

                                       WE ARE A BENCHMARK WITHIN THE INDUSTRY
                                       At 60% of production level(*) in the first half of the year we have achieved Ebitda close to
                                       13%, the standard margin of the sector in a normal situation
                 (*) Production on normalized conditions

    31
JUNE 2020 RESULTS   SALES EVOLUTION 2020 – 2019
                    CONSTANT EXCHANGE RATE                                                                                                           CIE MARKET           CIE

                                                      NORTH
                                                                                                                                            CHINA                 68.0%
                                                     AMERICA
                                                                                                        EUROPE

                                                                    -34.3%

                                                                                                                                                -19.6%
                                            -39.9%
                                                                                                                         -31.5%
                                                                                                 -40.5%                                  INDIA
                                                       BRAZIL

                                                                    -41.5%                                                                               -40.8%
                                            -51.2%                                                                                     -51.0%

                                                                       CIE Market -40.4%
                                                                                                                                                +12.6 P.P.
                                                                                               CIE -27.8%
                     Source: Motor vehicles production IHS JUNE 2020 (6 months 2020) (growth % in units).
       32            The evolution of the production volume is calculated by weighing the markets in which CIE has production plants
JUNE 2020 RESULTS   RESULTS H1 2020

                                                  (€ Mio)                                      30/06/2019   30/06/2020
                                             Turnover                                            1,702.4      1,208.2

                                               EBITDA                                             308.0        153.5

                                 % EBITDA on turnover                                             18.1%       12.7 %

                                                 EBIT                                             226.6        90.2

                                    % EBIT on turnover                                            13.3%        7.5%

                                     Profit for the year                                          168.7        56.9

                                           Net income                                             150.1        58.3

                          Despite the global paralysis of the economy, the strength of CIE model allows for positive closing
                          in all the lines of the income statement
                          Ebitda margin ≈ 13%, falls only 3 p.p. on CIE’s operating margins (Ebitda pro forma ≈16%; Ebit
                          Pro forma ≈ 11%)(*)

       33               (*) Ebitda y Ebit proforma 2019, diluted after the last integrations
JUNE 2020 RESULTS   RESULTS Q2 2020

                                      (€ Mio)                     2Q 2019                            2Q 2020
                                   Turnover                         890.3                                386.2

                                    EBITDA                          157.0                                13.2

                            % EBITDA on turnover                    17.6%                                3.4 %

                                      EBIT                          113.7                                (14.1)

                              % EBIT on turnover                    12.8%                                -3.7%

                               Profit for the year                   86.0                                (20.1)

                                  Net income                         77.5                                (14.5)

                         In the worst market context, CIE closes a second quarter with positive Ebitda

       34
JUNE 2020 RESULTS   2020 DIVISIONS CONTRIBUTION

                                                           6.5%                                                6.5%

                               25.3%                                  24.5%            25.6%                           34.2%

                                               TURNOVER                                            EBITDA

                                                                                3.5%

                       13.2%

                                                      30.5%                                    30.2%

                                            Brazil    North America    Europe      MCIE                Asia (*)
                                                                                   Europe              (India/China)

                      (*) China turnover: 182 €Mio.
       35
JUNE 2020 RESULTS   2020 DIVISIONS PROFITABILITY

                       NORTH             BRAZIL             EUROPE              MCIE             ASIA (INDIA &
                      AMERICA            EBITDA                                EUROPE            CHINA)
                    EBITDA 17.7%          12.6%           EBITDA 12.6%       EBITDA 3.4%           EBITDA 12.9%
                     EBIT 12.5%         EBIT 7.6%          EBIT 6.6%          EBIT -1.3%             EBIT 8.2%

                      Despite the effects of COVID-19, half-year margins demonstrate the excellence of CIE's
                      management model and team
                      We have faced this great crisis with a socially responsible attitude, proof of our constant
                      and firm commitment to society
       36
3.1 RESULTS   2014-2020 QUARTERLY EVOLUTION
                                      Net income (M€)

                        1Q             2Q               3Q         4Q

                   History supports our growing path and our commitment to
                   growth: 25 consecutive quarters beating quarterly record

    37
BALANCE SHEET
                BALANCE SHEET EVOLUTION
                                     € Mio   31/12/2019      30/06/2020

                FIXED ASSETS                  3,393.5         3,405.7

                NET WORKING CAPITAL            (275.5)         (196.7)

                TOTAL NET ASSETS              3,118.0         3,209.0

                EQUITY                        1,235.0         1,051.1

                NET FINANCIAL DEBT            1,522.0         1,778.3

                OTHERS (NET)                    361.0          379.6

                TOTAL NET LIABILITIES         3,118.0         3,209.0

                Non-recourse factoring         222.2 € Mio     125.8 € Mio

     38
BALANCE SHEET   CASH FLOW
                EBITDA                                                                                                    153.5          (€Mio)      31/12/2019     30/06/2020
                Financial Expenses                                                                                           (17.7)
                Maintenance Capex                                                                                            (37.1)       NFD         1,522.0        1,778.3
                Tax Payments                                                                                                 (21.4)
                IFRS 16 Leases (1)                                                                                           (13.1)   Adjusted NFD    1,505.3        1,770.8
                OPERATING CASH FLOW                                                                                          64.2
                                                                                                                                                                  NFD/EBITDA
                % EBITDA (4)                                                                                            45.7%          NFD/EBITDA                 NORMALIZED
                                                                                                                                         3.91X                      2.67X
                Growing Capex                                                                                                (37.1)
                Net Working Capital Variation                                                                                (87.4)
                Payments of Dividends                                                                                        (47.7)     18 months of covenant waiver for
                Transactions with own shares                                                                                 (58.8)   financial covenants up to 30/06/2021
                Payments of previous acquisitions (2)                                                                        (17.2)
                Business Combination of the year (3)                                                                         (79.0)
                Exchange rate effect in NFD                                                                                  (12.4)          LIQUIDITY RESERVE
                Other movements                                                                                                19.1             30/06/2020:
                FINANCIAL CASH FLOW                                                                                   (256.3)

                (1)   Payment of rental fee accounted in EBITDA according to the new IFRS 16 regulation.
                                                                                                                                            1,130 €Mio
                (2)   Pending payments from the acquisition of the solar roof systems of Inteva in 2019.
                (3)   Acquisition of the gear business of Somaschini S.p.A. (70 € Mio) and additional shares of Mahindra CIE Ltd.
                (4)   Operating cash flow on the Ebitda value corrected with the effect of IFRS 16.
                (*)   NFD and Ebitda data adjusted considering 50% of JV China SAMAP

     39                                                                                                                                                                          39
FORECASTS 2020

                 COVID-19 comes at an
                 optimal time for CIE, with all
                 the integrations finished and
                 the production plants with
                 high levels of profitability
                 and operating cash
                 generation.

      40
FORECASTS 2020
                 The worst of this crisis is over, our clients have returned to
                 business, and CIE is in a favorable competitive position
                 based on the strenghts of its business model:

                       FLEXIBILITY       DECENTRALIZATION        GEOGRAPHICAL
                                          MULTILOCATION          DIVERSIFICATION

                    We have the fixed           The local        Our global demand
                    cost structure and    management of our       does not depend
                    the management       companies avoids the    on the volume of a
                     model that best       problems derived        single country
                    adapt to variable       from the lack of
                         volumes         mobility of people in
                                              all countries

      41
FORECASTS 2020

                 With current market estimates, the
                      second half of the year will be
                    better in sales and margins and
                  will allow us to continue with our
                       financial strategy focused on
                        shareholders’ remuneration
                            (dividend payments and
                     repurchase program) and debt
                                           reduction

      42
4.0 CIE IN STOCK
      EXCHANGE
CIE IN STOCK EXCHANGE                            SHARE EVOLUTION VS NET RESULT EVOLUTION
                                      CIE Share Price Evolution (Cumulative)           CIE Net Result Evolution (Cumulative)
                        450%
                                                                                                                               413%
                        400%
                                                                                                                334%
                        350%
                        300%                                                                       261%                                 249pp
                        250%
                        200%                                                    170%
                                                                                                   203%
                        150%                                    111%                                            168%            164%
                        100%                                                    131%

                                                39%              93%
                        50%
                                                41%
                         0%
                        -50%
                               2013             2014            2015            2016               2017         2018            2019

                                                                                                          …but a significant mismatch
                                                                                                          has arisen during the 2017-
                               CIE’s share price evolution has performed almost in line with net
                                                                                                          2019 period, with CIE’s
                               income evolution during the period from 2013 through 2017…
                                                                                                          valuations severely and
                                                                                                          baselessly decreasing.

         44
CIE IN STOCK EXCHANGE                                    CIE SHARE PRICE PERFORMANCE 2018-2020YTD
                        60%
                                                              CIE Automotive                                 IBEX 35                            STOXX Europe 600 Automobiles & Parts (1)

                        40%

                        20%

                         0%

                        -20%
                                                                                                                                                                                           -31 %
                                                                                                                                                                                           -32 %
                        -40%                                                                                                                                                               -32 %

                        -60%

                               Since mid-2018 and coinciding with the entry of CIE Automotive in Ibex 35, financial markets and Auto sector have been
                               heavily impacted both by geopolitical and macroeconomic issues (US-China and US-EU trade war, Brexit, global
                               economic slowdown) as well as Auto sector specific issues (new emissions regulations, postponement of purchases
                               due to lack of clarity in time horizons, drop in demand for economic uncertainty).

                               Despite this extremely complex context, CIE Automotive has delivered quarter after quarter outstanding financial
                               results, what, clearly, hasn’t been reflected in its share price performance.

                               But in beginning 2020, environment has become even more complicated due to Covid-19 worldwide crisis, which is
                               severely affecting both economic activity and financial markets.

                                 STOXX Europe 600 Automobiles & Parts includes: OEMS: BMW ST, Daimler, Ferrari NV, Fiat, Peugeot,
                               (1)

                               Porsche, Renault & Volkswagen. SUPPLIERS: Faurecia, Michelin, Nokian, Plastic Omnium, Rheinmetall, Schaeffler,
                               Valeo.

         45
CIE IN STOCK EXCHANGE
                                                                                     EVOLUTION IN STOCK EXCHANGE

                                                                              2020
                                                                                                       2019                   2018                   2017(1)                2016(1)                2015(1)                2014(1)
                                                                            Until 31/08
                                  Market Cap (€ Mio)                             1,871                  2,719                 2,766                  3,123                   2,388                 1,993                  1,453

                                Number of shares (Mio)                            129                    129                   129                    129                     129                   129                     129

                                Last price of period (€)                         14.50                 21.08                  21.44                  24.21                  18.52                  15.45                  11.27

                              Maximum price of period (€)                        21.98                 26.08                36.30(1)                 26.20                  18.98                  15.46                  12.29

                              Minimum price of period (€)                         9.71                 19.31                  19.90                  17.15                  11.98                  10.65                   7.21

                               Volume (thousand shares)                         57,266                57,296                 87,149                 59,318                 59,065                 60,619                 62,970

                                   Effective (€ Mio)                             0,925                 1,328                  2,327                  1,244                   940                    814                     600

                        Source: Madrid Stock Exchange.
                        (1)Upon such dates, CIE Automotive’s subsidiary “Global Dominion Access S.A.” (Dominion) was still within CIE Automotive’s perimeter. CIE Automotive’s shares of Dominion where distributed as dividend
                        in kind to CIE Automotive’s shareholders upon July 3rd, 2018, with a consequential reduction in CIE Automotive’s share price from that date.

         46
ANALYSTS RECOMMENDATIONS
                               #        COMPANY               ANALYST        RECOMMENDATION   PRICE
                           1       Alantra Equities     Álvaro Lenze              BUY         €20.60
                           2       Bankinter            Esther Gutiérrez          BUY         €21.80
                           3       BBVA                 David Díaz Rico        OUTPERFORM     €24.90
                           4       Caixabank BPI        Bruno Filipe Bessa        HOLD        €21.00
                                                                                                              RECOMMENDATIONS
                           5       Exane BNP Paribas    Francisco Ruiz            HOLD        €16.50
                           6       Fidentiis            Enrique Yáguez        UNDER REVIEW      -             Under Review   Buy +
                                                                                                              13%            Outperform
                           7       Intermoney Valores   Virginia Pérez            BUY         €22.00                         67%

                           8       JB Capital Markets   José María Cánovas        BUY         €31.00
                           9       Kepler               Alexandre Raverdy         BUY         €20.00   Hold
                                                                                                       20%
                           10      Link Securities      Iñigo Isardo          UNDER REVIEW      -
                           11      Mirabaud             Gonzalo De Cueto          BUY         €21.30
                           12      Nau Securities       Pedro Baptista            BUY         €27.00
                           13      Renta 4              Iván San Félix         OUTPERFORM       -
                           14      Sabadell             Alfredo Del Cerro         BUY         €20.97
                           15      Santander            Robert Jackson            HOLD        €17.50
                                   CONSENSUS                      -                -          €21.71

          47
5.0 APPENDIX
APPENDIX I   ALTERNATIVE PERFORMANCE MEASURES (APMs)
              In addition to the financial information prepared in accordance with generally accepted accounting standards (IFRS), CIE Automotive Group uses in the
              management of the business recurrently and consistently certain Alternative Performance Measures (‘APMs’), which include concepts about result,
              balance and cash flow, understanding that they are useful to explain the evolution of their activity. Below is a breakdown of all the APMs used in this
              document, as well as their definition and reconciliation with the financial statements.

             PERFORMANCE MEASURES                 DEFINITION

              EBITDA                              Net Operating Income + Recurrent Depreciation.

              Adjusted EBITDA                     Annualized EBITDA of 12 last months in those companies incorporated to the perimeter during the period. It includes
                                                  50% of the Ebitda of Chinese JV SAMAP, which based on the current agreements with the partner, is consolidated by
                                                  the equity method.
              EBIT                                Net Operating Income.
              EBT                                 Earnings Before Taxes.
              Net Income                          Profit attributable to the company´s shareholders.
              Net Financial Debt                  Debt with banks and other financial institutions – Cash and equivalents – Other current and non-current Financial
                                                  Assets.
              Adjusted Net Financial Debt         Net Financial Debt including 50% of Chinese JV SAMAP net financial debt, consolidated by the equity method as per the
                                                  current partner agreements reached.
              Normalized NFD/EBITDA               Net Financial Debt including 50% of Chinese JV SAMAP net financial debt, on the las 12 months Ebitda, eliminating the
                                                  negative effects of 1Q due to Covid-19.
              RONA = “Return on Net Assets”       EBIT last 12 Months/ Net Assets (Fixed Assets + Net Working Capital - Goodwill not associated to cash outs).

              Fixed assets                        Tangible assets and Intangible Assets, including Goodwill and without including rights of use over leased assets (IFRS
                                                  16).
              Maintenance CAPEX                   The one related to the renovation of the facilities to face market growth.

              Operating cash flow (%)             EBITDA – Financial expenses paid – Tax payments – Maintenance CAPEX – Leases under IFRS 16

    49
APPENDIX II – 2019 ACQUISITIONS   CIE GOLDE

                                                  PROFILE                                 TRANSACTION

                                               Specialisation                          Rationale
                                                 Design, engineering and                 • To reinforce its commitment to comfort systems and
                                                 manufacture of roofs for vehicles.      increase its presence in the roof system segment. The
                                               Footprint                                target company’s customers, markets and products
                                                 United States, Mexico, Germany,         notably complement those of Advanced Comfort Systems
                                                 Slovakia, Romania, China and India.     (ACS), the roof system unit CIE Automotive acquired in
                                               No. of facilities                        2009, since when it has doubled its revenue and boosted
                                                 12 factories.                           its EBITDA margin by 10 points.
                                                 6 R&D centres.                          • To become one of the top three global players in the
                                               No. of employees                         roof system niche, which has been growing consistently
                                                                                         in recent years and not been affected by the
                                                 >2,700 employees.
                                                                                         hybridisation/ electrification processes.
                                               Customers                                • To consolidate its strategic commitment to innovation
                                                 Top automotive OEMs.
                                                                                         and high-tech engineering by gaining access to new
                                               2018 revenue                             highly complex and sophisticated products and
                                                 Almost 850 M€, including 50% of         processes.
                                                 the SAMAP joint venture                Price paid
                                                                                         Approx. 741 M€ (Enterprise Value ≈ 670 M€).
                                                                                        Transaction announcement date
                                                                                         17 September 2018.
                                                         CIE                            Transaction close
                                                                                         6 May 2019.
                                                        GOLDE
                                                        Roof Systems
                                                      Division of Inteva

             50
APPENDIX II – 2019 ACQUISITIONS   AEL

                                             PROFILE                           TRANSACTION

                                         Specialisation                         Rationale
                                           Aluminium injection                    • To add aluminium injection moulding technology in one
                                           moulding.                              of the most promising markets - India - and diversify
                                         Footprint                               MCIE India’s business, strengthening its presence in the
                                           India.                                 two-wheel segment.
                                         No. of facilities                       • AEL is a key supplier for a considerable number of
                                           3 factories.                           OEMs and Tier 1 suppliers in the passenger and two-
                                                                                  wheel vehicles segments in India and internationally. It
                                         No. of employees
                                                                                  makes a large variety of bodywork, brake and engine
                                           >2,300 employees.
                                                                                  parts using high-pressure and gravity injection processes.
                                         Customers                               AEL also has machining, thermal treatment, coating,
                                           OEMs and Tier 1 suppliers.             assembly and leak testing capabilities, as well as modern
                                           Passenger and two-wheel vehicles.      tools and moulds.
                                         2018 revenue                           Price paid
                                           Approx. 108 M€                         Approx. 111 M€ (Enterprise Value ≈ 111 M€).
                                                                                 Transaction announcement date
                                                                                  12 March 2019.
                                                                                 Transaction close
                                                                                  9 April 2019.

                                                          AEL

                                                     Aurangabad
                                                    Electricals Ltd.

             51
APPENDIX II – 2019 ACQUISITIONS   CIE MAPREMEX

                                                  PROFILE                         TRANSACTION

                                                  Specialisation                  Rationale
                                                    Machined parts.                 • To leverage the acquired companies’ universe of
                                                  Footprint                        productive assets to complement CIE Automotive’s
                                                    México.                         existing manufacturing activities in Mexico and enable
                                                  No. of facilities                physical and customer expansion going forward.
                                                    1 factory.                     Price paid
                                                  No. of employees                 Approx. 37 M€ (Enterprise Value ≈ 59 M€).
                                                    ≈ 400 employees.               Transaction announcement date
                                                  Customers                        24 June 2019.
                                                    Tier 1 suppliers.              Transaction close
                                                  2018 revenue                     19 September 2019.
                                                    Almost 36 M€.

                                                      CIE
                                                   MAPREMEX
                                                     Maquinados de Precisión de
                                                      México S. de R.I. de C.V.
                                                       Cortes de Precisión de
                                                      México S. de R.I. de C.V.

             52
APPENDIX II – 2020 ACQUISITIONS   CIE SOMASCHINI

                                                   PROFILE                               TRANSACTION
                                                    Specialisation                       Rationale
                                                      High precision gear systems and       • Becoming a top global player within the
                                                      transmission solutions.               precision gears segment, having presence within
                                                    Footprint                              the world’s largest 3 markets (Northamerica,
                                                      Italy and United States.              Europe and Asia) and within various segments
                                                    No. of facilities                      (trucks, passenger vehicles, offroad, etc.). Being a
                                                      3 factories.                          global player means a clear competitive
                                                    No. of employees                       advantage when dealing with our clients.
                                                                                            • Somaschini provides further geographical
                                                      ≈ 300 employees.
                                                                                            diversification and best in class technology with a
                                                    Customers                              very high degree of automatization.
                                                      OEMs, Tier 1s and Others │ Trucks,
                                                      passenger vehicles, industrial, and
                                                                                           Price paid
                                                                                            Approx. Enterprise Value 77 M€.
                                                      robotics.
                                                    2018 revenue                         Transaction announcement date
                                                                                            25 September 2019.
                                                      Almost 70 M€.
                                                                                          Transaction close
                                                                                            9 January 2020.

                                                       CIE
                                                    SOMASCHINI
                                                      SOMASCHINI-Somaschini
                                                             S.p.A.
                                                     SOM_NA-Somaschini North
                                                            America
                                                       SOM_SRL- Somaschini
                                                         Automotive SRL

             53
M A N A G I N G H I G H VA LU E A D D E D P R O C E S S E S

54
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