2014 Third Quarter ResultsInvestor Presentation

27 November 2014

1

Disclaimer

This Information has been prepared by Grupo Antolin-Irausa, S.A. (the “Group”) and filed on its website to comply with its information undertakings and reporting obligations under

the EUR400 million Senior Facility Agreement and EUR400 million 4.75% Senior Secured Notes due 2021 and it is being delivered on a confidential basis. The distribution and use

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Group this Information may not be distributed, reproduced or used for any purpose other than the evaluation of the recent financial performance of the Group. The Group has

prepared this Information with due care based on available information; however, it does not accept any liability whatsoever for the contents or interpretation of the information

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assumptions, projections and forward-looking statements provided by the Group with respect to the anticipated future performance of the Group. The Group may also provide

forward-looking statements in oral statements or other written materials released to the public. No representations or warranties are made as to the accuracy or reasonableness of

such assumptions or the projections or forward-looking statements based thereon.

2

Agenda

� Introduction

� Company update

� Financial results

� Q and A

� Participants

– José Manuel Temiño, Chief Executive Officer

– Jesús Pascual, Chief Operating Officer

– Luis Vega, Chief Financial Officer

– Carlos Garcia-Mendoza, Capital Markets and IR

Grupo Antolin

Section 1Company update

4

Third Quarter 2014 Highlights

� Sales of EUR 523.1m, up 8.1% from Q3 2013 and versus industry production growth of 3.5%*

� EBITDA of EUR 52.7m up 1.1% from Q3 2013, margin of 10.1%

� EBIT of EUR 30.0m up 4.0% from Q3 2013, margin of 5.7%

� Cash available of EUR 99.6m

� Available revolving credit facilities of EUR 217m

� Net debt to EBITDA of 2.4x

Source: LMC Automotive Light Vehicle Production Data October 2014

266 300

160164

26352919

Q3 2013 PF Q3 2104

EU

Rm

Europe NAFTA APAC Mercosur Others

5

Sales breakdown by Business Unit and Geography

274 286

140 150

38473240

Q3 2013 PF Q3 2104

EU

Rm

Overheads Doors Seating Lighting

+25%

+24%

+7%

+5%

+8.1%

� Continued strong performance in Europe and Asia

• Western Europe has driven Europeanperformance

� NAFTA reflects impact of a stronger Euro

� Mercosur underperformance is a combination ofoverall production decline in Brazil (down 10% in Q3’14*) as well as a stronger Euro

� Excluding Euro appreciation in the Quarter, Groupsales would have increased 11%

+35%

-33%

+2%

+13%

484523

*Source: LMC Automotive Light Vehicle Production Data October 2014

� Headliners performance linked to Europe and Asia.Doors sales are a result of strong Europeanperformance. Both offset by Mercosurunderperformance and a stronger Euro

� Seating reflects the strong performance across PSA“Picasso”, Daimler “Vito/Viano” and Renault “Master”

� Lighting business units benefited from new projectsand geographic exposure to Europe and China

Note: Q3 2013 data is Pro Forma for IFRS 11

6

EBITDA breakdown by Business Unit

� EBITDA margin of 10.1% reflectingseasonality

� Comparison to Q3 2013 shows moderateimprovement due to €10m other operatingincome in Q3 2013:

– Excluded, EBITDA increase would havebeen c. 25%

� Headliners impacted by other income in 2013and underperformance in USA, Russia andBrazil

� Seating has benefited from ramp up inproduction of new models, helping to improvefixed cost coverage

� Excluding Euro appreciation in the Quarter,Group EBITDA would have increased almost4%

25 23

1718

4 6

6 7

Q3 2013 PF Q3 2104

EU

Rm

Overheads Doors Seating Lighting

+14%

+46%

+10%

-11%

+1.1%53

52

Note: Q3 2013 data is Pro Forma for IFRS 11

879 976

502494

791009357

Q3 2013 PF Q3 2104

EU

Rm

Europe NAFTA APAC Mercosur Others

7

2014 Year-to-date performance

� Sales up 5% versus industry production growth of 3,4%*

� EBITDA margin of 12.0%

� Strong European and Asian markets, weak Mercosur

� Adverse FX headwinds

� Seating and Lighting benefitting from new product launches

+26%

-39%

-2%

+11%

Note: Q3 2013 data is Pro Forma for IFRS 11

881 892

454 469

135 15997

123

Q3 2013 PF Q3 2104

EU

Rm

Overheads Doors Seating Lighting

+27%

+18%

+3%

1%

+4.9%

1,6451,566

*Source: LMC Automotive Light Vehicle Production Data October 2014

84 86

57 67

152316

22

Q3 2013 PF Q3 2104

EU

Rm

Overheads Doors Seating Lighting

+38%

+52%

+17%

+2%

+14.7%198

173

EBITDASales

8

Name Location Pending Investment Product Clients Expecte d opening dates

Missouri Kansas (USA) US$ 8.6m Overhead systems Ford + GM May-2014

Valplast Sollana-Valencia (Spain) EUR 8.0m Doors Ford + Nissan Sep-2014

Gujarat Sanand (India) EUR 1.5m Overhead systems & Doors Ford Nov-2014

Sibiu Sibiu (Romania) EUR 0.6m LightingRenault + Nissan +

PSA + DiversSep-2014

Wuhan Hubei (China) EUR 4.6m(JV) Overhead systems &

Doors

Dongfeng Renault + DongfengPSA + Dongfeng Nissan +

Dongfeng HondaJan-2015

Tlaxcala Tlaxcala (Mexico) US$ 32.5mDoors / Pillars / Headliners

sequenceAudi Q1-2016

Hangzhou Zhejiang(China) EUR 253k JIT Overhead systems Ford May-2014

Xiangyang Hubei (China) EUR 18k JIT Overhead systems Dongfeng Nissan May-2014

Náberezhnye Náberezhnye Chelny (Russia) EUR 0.9m JIT Overhead systems Ford Q1-2015

Dalian Liaoning (China) EUR 57k JIT Overhead systems Dongfeng Nissan Oct-2014

Changshu Jiangsu (China) EUR 139K JIT Overhead systems Chery Jaguar Land Rover Oct-2014

Nanchang Jiangxi (China) EUR 495k JIT Overhead systems Ford Feb-2015

Status of the plants under construction/development

Grupo Antolin

Section 2Financial results

10

Maturity profile, as of 30 September 2014

Gross Debt 30 September’14EUR 746m

Net Debt 30 September ‘14EUR 607m

� EUR 400m Senior Secured Notes

� EUR 200 Senior Financing

� EUR 70m ADE Facility

� EUR 6m Soft Loans with cost; EUR 40m Soft Loans with no cost

� EUR 30m Other Facilities, of which EUR 12m are credit lines

� EUR 217 Undrawn Revolving Credit Facilities

� Cash available of EUR 100m

� For covenant purposes, Net Debt totalled EUR 607m,

representing 2.4x NFD/LTM EBITDA

9 17 2956

8910

10

10

10

10 10

400

2014 2015 2016 2017 2018 2019 2020 2021

Term Loan ADE loan Soft loans Leasings Senior Secures Notes Other loans

Free Cash Flow – stable working capital requirements

287 329

469468

-475 -505

-600

-400

-200

0

200

400

600

800

June 2014 Sep 2014

EU

Rm

263 245

435 428

-418 -413

-600

-400

-200

0

200

400

600

800

June 2013 Sep 2013

EU

Rm

Inventories Trade Receivables Trade Payables

-1

+42

-30

+12

-7

-19

+5

-21

� Net working capital increased by €12 in the threemonths ended September 30, 2014

– Q3 2014 reflects (i) seasonal sales declines (-7.2%from June ‘14) and (ii) increased tooling

� Q3 2013 decrease in working capital amounted to€21m, due to seasonal sales declines (-13.7% vs. June13)

� Remaining FCF elements for the quarter ending 30September 2014:

– EBITDA € 53m

– Capex € 50m

– Cash taxes € 8m

11

Average LTM WC* as % of LTM Sales= 8.6%

Average LTM WC* as % of LTM Sales= 8.7%

Note: Average LTM Working Capital excludes Tooling

Average LTM WC* as % of LTM Sales= 8.6%

Average LTM WC* as % of LTM Sales= 8.5%

12

2014 Outlook

2013 IFRS 11 Pro Forma

Comparison

�Sales €2,085m

�EBITDA € 225m

Sales

�2014 global market growth of 3%*

� In line with market

EBITDA Margin �C. 12%

Source: LMC Automotive Light Vehicle Production Data October 2014

13

Q&A

14

Back-up

2014 Year-to-date Free Cash Flow

267 329

204

468159

-402-505

-600

-400

-200

0

200

400

600

800

Dec 2013 Sep 2014

EU

Rm

234 245

211

428164

-394 -413

-600

-400

-200

0

200

400

600

800

Dec 2012 Sep 2013

EU

Rm

Inventories Trade Receivables Fact. Trade Receivables Trade Payables

+106

+63

-103

+66

+53

+11

-19

+44

� Net working capital increased by €66m in the 9months ended September 30, 2014

– Traditional seasonality swings betweenDecember and September

– Increased tooling

– 31 December data includes € 159m in non-recourse factoring. Factoring Agreement wascanceled in March 2014

� Remaining FCF elements for the first 9 months of2014:

– EBITDA € 198m

– Capex € 110m

– Cash taxes € 20m

15

Average LTM WC* as % of LTM Sales= 8.6%

Average LTM WC* as % of LTM Sales= 8.5%

Note: Average LTM Working Capital excludes Tooling