Business Stategy & Model - Antolin - Informe Integrado 2024

BUSINESS STRATEGY AND MODEL

ROBUST AND COMPETITIVE STRATEGY

Transformation Plan: Antolin’s roadmap based on 4 strategic keys:

1

Innovation and a customer-centric culture to strengthen the relationship with manufacturers

2

Operational and industrial excellence

3

Technological development, innovation and digitalization

4

Team talent and commitment, management leadership

ANTOLIN'S VALUE CREATION MODEL

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CAPITAL INVESTED

Economic

111 production plants and just-in-time (JIT) centers in 23 countries

Manufactured

Investment of €210 M

Intellectual

50.29% of the workforce linked
to the field of technology

Employees with an average length of service of 9 years

30.39 hours of training
per person

Human

19,630 professionals*

96% with permanent contract

41 years of age on average

Environmental

Energy consumption (GWh): 514.52

Consumption of raw materials (t): 96,785

77 people dedicated to the environment

* Data at 12.31.2024

INTEGRATED BUSINESS MODEL

CORPORATE GOVERNANCE MODEL

IMPACT GENERATED

Economic

€1,071.2M of purchases from
local suppliers

Manufactured

Roughly 700 car models on the market equipped

Antolin is present in 9 of the 10
best-selling vehicles worldwide

Intellectual

€114.09M in projects

11 patents managed in 2024

254 key knowledge assets

Human

€846.55M in personnel expenses

73% of staff covered by 45001
certification

Environmental

Prevention of the emission of 37,192 tons of CO₂e

** Corporate income tax paid (not accrued).

External context

Connected and safe sustainable mobility

Ecosystem with
new players

Industry 4.0^s

Legislation

Technological advances

INNOVATION

Technological impact solutions

VIVe Door Panel, with a people-centered approach incorporating sustainable technologies.

NEXUS Door Panel, developed with Walter Pack (smart decorative surfaces) and PersiSKIN (plant-based material for interior trims).

Sunrise, cockpit prototype resulting from the partnership with VIA Optronics.

Thermal Comfort Management, smart termal management system for electric vehicles that reduces energy consumption.

Innovation ecosystem’s alliances

Uniphy
(UK)

Agreement for the development of new in-vehicle user interface systems.

UltraSense Systems
(US)

Collaboration to accelerate the development of HMI systems.

PersiSKIN
(Spain)

for the development of a plant-based material adapted to the requirements of the automotive industry throughout the life cycle.

E-Ink
(Taiwan)

Collaboration to integrate PrismTM technology into vehicle interiors.

VIA Optronics (Germany)

Collaboration in projects for the integration of displays in interior component surfaces.

DIGITALIZATION

Approval of the Strategic Technology Plan (PET) as a corporate framework and execution of key projects.

LEADING THE FACTORY OF THE FUTURE

Implementation of the Antolin Industrial System (AIS): a project on which the organization’s industrial transformation hinges. With a 360º view of the management of industrial operations and incorporates the elements of digitalization and advanced manufacturing of the vision of the factory of the future to which Antolin aspires.

SUSTAINABILITY

Two key projects will devise the company’s roadmap in terms of sustainability: ESG B2V (Business to Value) Strategy and decarbonization project.

Double Materiality Analysis

First double materiality analysis in 2024 in accordance with the requirements of the CSRD, carried out in 5 phases:

1 Stakeholder and value chain mapping

2 Identification of material topics

3 Identification of IROs

4 Quantitative analysis of IROs

5 Creating of the double materiality Matrix

Identification of 17 material topics embodied in the double materiality matrix.

Sustainable Business Goals and main developments in 2024

		Objetivos	Principales avances 2024
VALUE FOR THE PLANET	A neutral company in 2050	CO₂ neutral in own operations in 2040 (Scopes 1 and 2). -75% CO₂ emissions in 2028 (vs. 2019). Carbon neutral (Scopes 1, 2 and 3) in 2050. Validation of SBTi targets for 2024 (committed in 2022).	Increase in the use of renewable electricity up to 23.01%. 37,092 tons of CO₂ avoided. Extension of the calculation methodology for Scope 2 emissions: market and location-based. 22.8% reduction in CO2 emissions (Scope 1 and 2) compared to 2019. Mapping of all applicable Scope 3 categories completed, six new categories in 2024, representing 92% of total emissions.
	Circular business	Ecodesign. Life cycle assessment on main products.	Update of life cycle assessments on existing products and new analysis on lighting products. NEXUS, a door concept. Integration of circularity and sustainability through a modular “plug and play” system that facilitates recyclability at all stages of the product life cycle.
		40% sustainable plastics by 2030 (20% in 2025).	50% increase in the consumption of sustainable plastics by 2023.
		10% reduction in non-hazardous waste by 2028 (compared to 2019).	38.72 % reduction compared to 2019 (7.6 % compared to 2023). Agreement with Casa DIFF to reuse 82% of the headliner substrates waste generated in Spain, thus averting 135 tons of landfill waste by 2024.
VALUE OF PEOPLE	Zero accidents. Safe and healthy working environment	2.30 reduction in the overall frequency rate by 2030. 2.70 by 2025.	2.52 frequency rate with a 15% reduction vs. 2023.
	Diversity, equity and inclusion, applied to talent	15% reduction of the pay gap by 2025 (vs. 2021: 3.55%).	Percentage increase due to structural factors with change of perimeter and revision of the indicator by 2025. 50% presence of women on governing bodies.
	Driver of social development	Promoting initiatives for the economic development of society.	€44.79 contribution per employee.
A VALUE-ADDED BUSINESS	A benchmark in ethics, integrity and compliance	100% of confirmed ESG complaints resolved.	100% of confirmed ESG complaints resolved (47 complaints, 20 upheld and resolved).
	A benchmark in ethics, integrity and compliance	100% of the workforce trained in the Code of Ethics in 2025.	99% trained on target group based on the risk approach.
	Responsible supply chain	96% adherence to the Code of Conduct for production suppliers (direct material and investments). 90% of direct supply chain assessed on ESG by 2026. 94% adherence to CMRT (Conflict Minerals Reporting Template) by 2026.	90% adherence to the Code of Conduct for production suppliers (direct material and investments). 76.20% of direct supply chain assessed on ESG by 2024, up 4.8% on 2023. 100% adherence to CMRT (Conflict Minerals Reporting Template).

BUSINESS DEVELOPMENT

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HEADLINERS

Combination of extensive knowledge of the key Technologies in the development of this component with a commitment to new lighting and sustainability applications.

DOORS AND HARD TRIM

Antolin strengthens its integration with lighting, electronics and HMI, with an eye on both traditional and new customers.

INSTRUMENT PANELS AND CENTER CONSOLES

The integration of technology and processes not only creates smart cockpits, but also creates growth opportunities for other business units in the company.

COMPONENTS AND JIT (JUST IN TIME CENTERS)

Cost optimization, maximization of internal synergies and sourcing new international suppliers are the key activities of this business unit, geared toward increasing its competitiveness.

LIGHTING, HMI AND ELECTRONICS

This unit aims to strengthen collaborations with customers and ensure operational excellence. It combines the medium-term goal of improving efficiency with the long-term goal of creating innovative HMI systems.

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