2015 Full Year Results Presentation20 April 2016

Disclaimer

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©2015 GRUPO ANTOLIN-Irausa, S.A. All rights reserved

This information has been prepared solely for the purpose of assisting the recipient (the “Recipient”) in starting to conduct its own independent evaluation and analysis of Grupo Antolín-Irausa, S.A. and its subsidiaries(the “Group”). No representation or warranty (whether express or implied) is given in respect of any information in this presentation or that this presentation is suitable for the Recipient’s purposes.The information herein is not all-inclusive nor does it contain all information that may be desirable or required in order to properly evaluate the Group. Neither the Group nor any of its officers, directors, employees,

affiliates or advisors will have any liability with respect to any use of, or reliance upon, any of the information herein. The Recipient acknowledges and agrees that it is responsible for making an independent judgmentin relation to information contained herein and for obtaining all necessary financial, legal, accounting, regulatory, tax, investment and other advice that it deems necessary or appropriate. Neither the Group nor any ofits officers, directors, employees, affiliates or advisors is responsible as a fiduciary and is not acting as an advisor (as to financial, legal, accounting, regulatory, tax, investment or any other matters) to the Recipient.The Group has no obligation whatsoever to update any of the information or the conclusions contained herein or to correct any inaccuracies which may become apparent subsequent to the date hereof.This presentation does not constitute or form part of and should not be construed as, an offer to sell or issue or the solicitation of an offer to buy or acquire securities of any entity of the Group, in the United States of

America or in any other jurisdiction or an inducement to enter into investment activity. No part of this presentation, nor the fact of its distribution, should form the basis of, or be relied on in connection with, any contractor commitment or investment decision whatsoever. Any decision to invest in any securities of the Group or otherwise participate in any financing of the Group should not be based on information contained in thispresentation. This presentation is only for persons having professional experience in matters relating to investments and must not be acted or relied on by any persons. Solicitations resulting from this presentation willonly be responded to if the person concerned is a person having professional experience in matters relating to investments. This presentation does not constitute a recommendation regarding the securities of theGroup.This presentation includes statements, estimates, opinions and projections with respect to anticipated future performance of the Group (“forward looking statements”), which reflect various assumptions concerning

anticipated results taken from the current business plan of the Group or from public sources which may or may not prove to be correct. These forward looking statements contain the works “anticipate”, “believe”,“intend”, “estimate”, “expect” and words of similar meaning. Such forward-looking statements reflect current expectations based on the current business plan and various other assumptions and involve significant risksand uncertainties, and should not be read as guarantees of future performance or results and will not necessarily be accurate indications of whether or not such results will be achieved. The Group is not under anyobligation to update or revise such forward-looking statements to reflect new events or circumstances.Certain financial data included in this presentation consists of “non-GAAP financial measures.” These non-GAAP financial measures may not be comparable to similarly titled measures presented by other entities, nor

should they be construed as an alternative to other financial measures determined in accordance with International Financial Reporting Standards. Although the Group believes these non-GAAP financial measuresprovide useful information to users in measuring the financial performance and condition of its business, users are cautioned not to place undue reliance on any non-GAAP financial measures and ratios included in thispresentation. Market and competitive position data in this presentation has generally been obtained from studies conducted by third-party sources. There are limitations with respect to the availability, accuracy,completeness and comparability of such data. The Group has not independently verified such data and can provide no assurance of its accuracy or completeness. Certain statements in this presentation regarding themarket and competitive position data are based on the internal analyses of the Group, which involves certain assumptions and estimates. These internal analyses have not been verified by any independent sourcesand there can be no assurance that the assumptions or estimates are accurate.

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Participants

� Jesús Pascual, Chief Executive Officer

� Luis Vega, Chief Financial Officer

� Carlos Garcia-Mendoza, Capital Markets and IR

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2015 Operating Highlights

� Sales of EUR 3,506m, up 58% from 2014 and versus 1.6%* industry production growth

� EBITDA of EUR 388m up 45% from 2014, margin of 11.1%

� EBIT of EUR 266m up 52 % from 2014, margin of 7.6 %

� Excluding the acquisition of Magna Interiors:

� Sales of EUR 2,693m up 21% from 2014

� EBITDA of EUR 343m up 29% from 2014, margin of 12.8%

*Source: LMC Global Automotive Production. Quarter 1, 2016

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Sales breakdown

12101506

644

780205

215165

190

813

2014 2015

Overheads Doors Seating Lighting Cockpits*

13152004

671

1173

144

245

75

60

2014 2015

Europe NAFTA APAC Mercosur Others

2 225

3 506

EU

Rm

EU

Rm

� Strong performance across Europe, NAFTA and APAC

� FX impact represents c. € 131m of increased sales

� Ramp up of facilities account for c. € 101m of increased sales

� China sales excluding Magna Interiors up 17% vs market

production up 4.7% in 2015*

� Brazil in line with Brazilian automotive market production, down

21.3% in 2015*

+24%

58%

+5%

+21%

-20%

+52%

+70%

+75%

*Source: LMC Global Automotive Production. Quarter 1, 2016

+15%

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EBITDA breakdown

� Significant improvement in Grupo Antolin Business Units based on:

� Improved margins in Overheads and Seating

� Doors margin impacted by new launches and facilities

� Lighting impacted by transfer of production to Eastern Europe

� Positive FX effect of c. € 20m

� LTM EBITDA margin of 8.9%

12.0%Margin 11.1%

*Includes only September to December data

116172

92

10628

30

29

3045

2014 2015

Overheads Doors Seating Lighting Cockpits*

164212

79

14624

31

-3 -52014 2015

Europe NAFTA APAC Mercosur Others

267

EU

Rm

EU

Rm

+48%

45%

+7%

+15%

+33%

+29%

+27%

+85%

+5%

388

n.a.

Magna Interiors Closing

� Working capital calculated on 31 August 2015

� Final price adjustment of US$ 58m to be paid in April 2016

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In millionsAt

ClosingDec. ’15E

Purchase price ($) 525.0 525.0

Working Capital ($) 25.1 59.1

Net Debt ($) -11.2 17.7

Adjusted Purchase Price ($) 538.9 601.7

US$/€ 1.12 1.11

Total (€) 482.5 540.2

Magna Interiors Integration

� 36 manufacturing plants acquired across Europe, NAFTA, China and South Korea.

� Redditch

� Spartanburg

� Rationale confirmed: enhanced discussions with customers thanks to larger size and product range,

increased premium OEM sales, successful cross selling initiatives

� Cost savings progress: plastic production in USA, production streamlining, purchasing logistics, purchasing power

� New corporate structure accelerates integration. More streamlined and focused approach to

production and product development.

� 5 core business units: Overheads and Soft Trim, Doors and Hard Trim, Seats and Metals, Lighting, Cockpit & Consoles

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2015 Financial Highlights

� Cash available of EUR 362m

� US$ 58m correspond to Magna Interiors price adjustment

� Available revolving credit facilities of EUR 240m

� LTM Adjusted EBITDA of EUR 446m and Net debt to Adjusted EBITDA of 2.15x

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Capex

86

119

58

52

0

20

40

60

80

100

120

140

160

180

2014 2015

Tangible Intangible

EU

Rm

6.4%% of Sales 4.9%

Overheads 29%

Doors 33%Seating

7%

Lighting 14%

Cockpits 14%

Others 3%

2015 Capex by product

Europe 59%

NAFTA 26%

APAC 13%

Mercosur 2%

Others 1%

2015 Capex by geography

� Some projects delayed to 2016

Working Capital

� Net working capital increased by €304m

� Acquisition of the Cockpits and Interior Trim Business Unit (€ 238m) on 31 August 2015

� Including the impact of the Cockpits and Interior Trim from 31 August 2015, tooling working capital increased by € 44m and operating working capital

increased by € 22m

� Commitment to maintaining year-end working capital (excluding tooling) in line with historic averages of c. 9.5%-10.5% of sales

412 397642 675

487 510

851 886

-622 -601

-955 -1.022

-1.500

-1.000

-500

0

500

1.000

1.500

2.000

Q1 2015 Q2 2015 Q3 2015 Q4 2015

Inventories Trade and other receivables Trade and other payables

Q1 2015 Q2 2015 Q3 2015 Q4 2015Operating W/C as % of LTM Adjusted Sales 9.1% 9.0% 7.7% 6.6%

Tooling W/C as % of LTM Adjusted Sales 2.8% 3.4% 3.4% 4.2%

278 306

538Acquisition 238 539

+29 +232Acquisition

238

+1

11

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Free Cash Flow

(€m) FCF EBITDA Capex Taxes ΔWC

Quarter 1 20 100 (31) (6) (43)

Quarter 2 14 100 (40) (17) (29)

Quarter 3 (200) 76 (30) (14) (232)

Quarter 4 25 112 (70) (16) (1)

Total 1 (140) 388 (171) (53) (304)

Cockpits Adj. - - - - 238

TOTAL 98 388 (171) (53) (66)

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Balanced, long term capital structure

2016 2017 2018 2019 2020 2021 2022 2023Term Loan ADE loan Soft loans Leasings SSN 21 Other loans ST Credit & Interests SSN 22

Gross debt 31 December 2015€1,326m

Net debt 31 December 2015 €964m

� €800m senior secured notes

� €396m senior financing

� €70m ADE facility

� €6m soft loans with cost; €36m soft loans with no cost*

� €49m other facilities, of which €27m are credit lines

� €6m accrued interests

� Cash available of €362m

� Net debt totalled € 964m (excludes soft loans with no financial cost)

� €200m undrawn syndicated revolving credit facility, and €40m undrawn local

credit lines

Covenants2.15x Net Debt**/Adjusted EBITDA 7.25x EBITDA/Financi al expenses

Covenant: under 4.00x Covenant: over 3.25x

€ 446m € 388mDec 2015 LTM Adj. EBITDA Dec 2015 LTM EBITDA

65101

247

414

3

4462

415

(*) € 7m of soft loans with no costs mature in 2023(**) Calculated with € 961m Dec 2015 Net Debt (average exchange rate)

2016 Outlook

� Sales growth

� C. 40%

� C. 3% excluding Cockpits and Consoles

� EBITDA margin c. 9%

� Capex 6.5% of sales

� Working Capital stable as a percentage of LTM sales

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Q&A

www.grupoantolin.com

investor.relations@grupoantolin.com

+34 947 47 77 00 / +34 91 742 14 49