3. We are driven by our Identity

«Because we are and want to remain a benchmark player in the automotive components sector, endorsed by the OEMs and the market for our excellence and reliability.»

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3.1 Mission, vision, values and corporate policies

[103-1, 103-2, 103-3]

We are committed to excellence

Mision

  • Continuous improvement of processes and efficient management.
  • Encouraging participation, involvement and motivated teamwork in a pleasant, safe work environment.
  • Transparency and integrity in everything we do.
  • Respect for the environment and a commitment to improving our environmental record.

Vision

  • People and their fundamental rights.
  • The environment, fostering initiatives which translate into greater environmental responsibility.
  • Value creation.
  • Stakeholder collaboration.
  • Management excellence.

We aim to be:
A standard-bearer within the value chain for quality, technology and service.
A benchmark in eco-innovation and eco-design.

Values

At CIE Automotive we attach importance to people:

  • Respecting their fundamental rights.
  • Providing them with fair working conditions.
  • Fostering their initiative, creativity and originality, their engagement and teamwork, their ability to deliver objectives and add value and their openness to change and continuous improvement.

At CIE Automotive we attach importance to the environment:

  • Taking a preventative approach.
  • Working to minimise any adverse impact.

At CIE Automotive we attach importance to transparency:

  • Promoting responsibility, integrity and commitment to a job well done.
  • Disclosing in a clear manner all information of relevance to our activities so that it is known and understood.

At CIE Automotive we attach importance to our stakeholders:

  • Promoting honest relations.
  • Respecting their rights.

At CIE Automotive we attach importance to compliance:

  • Upholding Spanish and international law.

Corporate Policies

Corporate social responsibility (CSR) + Info

  • Corporate social responsibility.
  • Purchasing.
  • Supplier CSR commitment.
  • Human rights.
  • Anti-corruption and fraud.
  • Social action.

Governance + Info

  • Internal control over financial reporting (ICFR).
  • Risk control and management.
  • Corporate governance.
  • Director remuneration.
  • Tax policy.
  • Information and Communication to shareholders and markets.
  • Shareholder remuneration policy.
  • Policy for the selection of candidates for director and diversity on the Board of Directors.
  • Hiring policy and relations with the auditor of accounts.

3.2 Business model

Diversification and financial discipline are our key success drivers. [102-2, 102-4, 102-6]

Multiple locations

We manufacture alongside our customers

TOTAL MACHINING(2) STAMPING(3) FORGING(4) PLASTIC(5) ALUMINIUM(6) ROOF SYSTEMS CASTING
Europe1 42 15 5 7 5 7 3 0
North America 17 5 5 5 3 1 1 0
Brazil 16 3 4 1 6 1 0 1
Asia
(India & China)
23 3 6 8 3 0 1 2
98 26 20 18 17 9 5 3
(1) Includes the CIE Maroc factory in Morocco and the CIE Automotive Rus factory in Russia
(2) Includes five multi-technology factories (CIE Amaya, CIE Denat, CIE Autocom, CIE Automotive Parts Shanghai and CIE Autoforjas).
(3) Includes three multi-technology factories (CIE Celaya, CIE Automotive Parts Shanghai and CIE Autometal Diadema).
(4) Includes one multi-technology factory (CIE Autoforjas).
(5) Includes two multi-technology factories (CIE Autometal Diadema and CIE Automotive Parts Shanghai), as well as two facilities in India and one in the US that use composites technology.
(6) Includes four multi-technology factories (CIE Amaya, CIE Denat, CIE Autocom and CIE Celaya).

REVENUE MIX BY REGION

(€ million) Revenue
Europe 844.6
MCIE Europe 557.7
North America 763.3
Brazil 323.6
Asia 540.3
TOTAL 3,029.5
Gráfico

Customer diversification

None of our customers represents more than 10% of sales revenue

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

Multi-technology

We are capable of making a given component or subassembly using different technologies

REVENUE MIX BY TECHNOLOGY

TECHNOLOGY Revenue
(€ million)
Forging 821.0
Machining 703.6
Metal stamping and tube shaping 673.0
Plastics 384.3
Aluminium 295.5
Roof systems 133.1
Casting 116.2
Note: Includes €97.2 million of intercompany sales.
Gráfico

Financial discipline

  • Flexible standard equipment.
  • Strict investment discipline. High return hurdles.
  • EBITDA-to-cash conversion ratio over 55%.

Decentralised management

Decentralised decision-making allows us to respond quickly to emerging market trends

Gráfico

3.3 Stakeholder engagement

Shareholders

  • The company generates value for its shareholders by increasing the company’s value and the dividends they receive every year.
  • It provides transparent, accurate and timely information to the investment community.
  • It earns the market’s trust.

Professionals

  • The company provides decent work in all its business markets and the training needed so its professionals can do their jobs.
  • It protects employee well-being in a safe and healthy workplace.
  • It facilitates collective bargaining.
  • It promotes respect for human rights with an emphasis on more vulnerable markets.

Customers

  • The company is strategically committed to innovation to meet customers’ demands.
  • It guarantees the quality and safety of its products.
  • It fine-tunes the supply chain continually.
  • It manages its resources efficiently in order to contain prices.

Business partners

  • The strategic alliances with Mahindra&Mahindra, Ltd. in India and Donghua Automotive Industrial (SAIC Group) in China bring enhanced knowledge of and adaptation to the local market.

Suppliers

  • The company guarantees its suppliers are given equal opportunities.
  • It promotes transparency and optimal pricing.
  • It provides fair payment terms.
  • It reaches out to its supplies as part of its effort to deliver customer satisfaction

Society

  • The company drives development through its activities in its operating markets.
  • It finances community work targeted at the least privileged.
  • It helps make safer and more comfortable and environmentally-friendly cars.

Public authorities

  • The company works with the authorities in its business communities to improve various services.
  • It implements their requirements at its facilities, cooperating lawfully and transparently.

Sector

  • The company participates actively, holding positions of prominence, in several business associations in Spain and Europe.

Financiers

  • The company negotiates the best possible conditions on the basis of investment requirements and prevailing market conditions.

GLOBAL ROLLOUT OF THE CSR WORKSHOPS

After successfully celebrating the first CSR workshop in Europe in 2017, the company rolled it out to Brazil, the US, Mexico, China and India in 2018.

+ Info