Gestamp Automocion : Significant Fact – Presentation on Q3 2018 results

Presentation of 9M 2018 Results

October 22nd, 2018

Disclaimer

This presentation has been prepared solely for use at this presentation of our results as of and for the quarter ended September 30, 2018. By attending the conference call meeting where this presentation is made, or by reading the presentation slides, you agree to be bound by the following limitations.

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Agenda

Key Highlights for Q3 and 9M 2018

• • Gestamp's performance for the first nine months of 2018 has been in line with our expectations, despite having experienced a more challenging Q3 than expected as a result of the underlying market conditions

• • Macro outlook continues to be solid although global growth forecasts have been revised slightly downwards to 3.7% in 2018 and 2019(1) (but still above historical averages)

• • Ongoing auto market uncertainties (WLTP, Trade Tensions, China and Emerging Markets) have led to short term volatility during Q3 2018 but auto production is expected to grow at 0.9%(1) in 2018E and 2.4% in 2019E(1)

• • Growth for 9M 2018 has been driven by good volumes of existing programs and the ramp-up of new projects, especially in NAFTA, Eastern Europe and Mercosur but partially offset by deeper impact of FX headwinds

  • ‒ Revenues increased by 2.5% (8.9% at constant FX)

  • ‒ In terms of profitability, EBITDA grew by 8.6% (16.8% at constant FX), driving EBITDA margin to 11.1% (vs. 10.4% in 9M 2018)

  • ‒ Net Income grew by 7.0%

• • In Q3 2018 Revenues increased by 1.1% (7.6% at constant FX) and EBITDA grew at 11.9% (22.2% at constant FX)

• • Gestamp has continued to invest in strategic projects by increasing its global footprint with the opening of 6 new facilities this year, including the new Matsusaka plant in Japan which will be inaugurated later this week

(1) October WEO IMF released on 9th October 2018 and market production volume growth is based on countries in Gestamp's production footprint (IHS data as of October 2018)

Global Auto Market Update

• • Despite ongoing auto market uncertainties, which have led to a 1.9%(1) decline in global light vehicle production in Q3 2018, the first nine months of 2018 have experienced a 1.1%(1) growth rate

  ‒ Growth in 9M 2018 mainly driven by Mercosur (+7.6%)(1), Eastern Europe (+3.5%)(1) and Asia (+1.8%)(1)

• • Current auto market news flow continues to be around WLTP, Trade Tensions, China and Emerging Markets leading to uncertainties in the market

‒ WLTP has negatively impacted Q3 production volumes but a recovery is expected in the coming months

‒ The outcome of the recently announced NAFTA agreement seems to have had less impact than what was initially expected

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China has seen a slowdown over the past three months but outlook for 2018E remains solid and with good growth prospects for the future

‒ Emerging Markets impacted by FX headwinds as a result of the current to macroeconomic situation but healthy auto production growth still expected

• • OEMs continue to launch new EV programs (Audi e-tron, Mercedes EQC, etc.) which provides business opportunities for which Gestamp is well positioned given its expertise in offering lightweight solutions

• • Despite the short-term uncertainties, auto production is expected to grow at a stable 0.9%(1) in 2018E and more than doubling that growth rate to 2.4% in 2019E(1)

Note: Market production volume growth as of IHS October 2018

(1) Market production volume growth is based on countries in Gestamp's production footprint (IHS data for FY 2018 as of October 2018)