5

2021
Annual Report
Gestamp
Group 2
About us 2.1
1. Letter from the Chairman
Where we work 2.2
2. Gestamp Group

2.1. About us
What we do 2.3
2.2. Where we are Organisational structure 2.4
2.3. What we do
Business strategy 2.5
2.4. Organisational structure

2.5 Business strategy

2021 Milestones 2.6
2.6. 2021 Milestones

3. ESG Perspective

4. Business Development

5. Environmental

6. Social

7. Governance

APPENDIX
 2. GESTAMP GROUP 6

2021
Annual Report

2.1. About us
1. Letter from the Chairman Present in over 20 countries, Gestamp is a multinational company specialising in the design, development CORPORATE PRINCIPLES
and manufacture of highly engineered metal components for the automotive industry. At Gestamp, we
2. Gestamp Group have always been committed to design and innovation, manufacturing products to achieve safer and lighter
vehicles so as to contribute to more sustainable mobility. The customer as
2.1. About us
01 the focus of the
business
2.2. Where we are Since its creation, Gestamp has gone from being a small local stamping supplier to a global company,
present in the main automobile manufacturing hubs. Thus, Gestamp has become an important supplier in
2.3. What we do
the automotive components sector with sufficient critical mass to meet the needs of its customers, basing
2.4. Organisational structure its strategy on globalisation, technological development, financial solvency and operational excellence. Operational
2.5 Business strategy
At Gestamp, we work with the long term in mind, so that both our products and our activity are sustainable.
02 excellence as
standard practice
2.6. 2021 Milestones Sustainability is part of the company's DNA.

3. ESG Perspective As a family-owned company, we want to bring value to our stakeholders on the basis of long-lasting and

03
trusting relationships. In addition, with our products, we contribute to cleaner and more environmentally Innovation as the
4. Business Development responsible mobility by reducing the weight of vehicle components, among other things. path to progress

5. Environmental With the aim of long-term stability, here at Gestamp we try to keep our values and corporate culture alive,
facing the future based on innovation, competitiveness and sustainability.
6. Social Sustainability as a

7. Governance
. 04 key to long-term
stability
OUR VISION
APPENDIX

To be the automotive supplier that is most renowned for its

ability to adapt business to creating value for the customer, while 05 People as makers
of success
maintaining sustainable economic and social development.

+ CORPORATE PRINCIPLES
 2. GESTAMP GROUP 7

2021
Annual Report

1. Letter from the Chairman

Solid business track record
2. Gestamp Group
Since its creation, Gestamp has gone from being a small local stamping
2.1. About us
supplier to a global company, present in the main automobile
2.2. Where we are manufacturing hubs.

2.3. What we do
Gestamp bases its strategy on leadership, globalisation, technological
2.4. Organisational structure development, financial solvency and operational excellence.

2.5 Business strategy

2.6. 2021 Milestones

FIRST PHASE OF BECOMING A EXPANSION FOCUS

3. ESG Perspective ON NEW
INTERNATIONALIZATION MULTI-TECHNOLOGY INTO EMERGING FOCUS ON FOCUS ON GESTAMP
PARTNER MARKETS PRODUCTS ASIA IPO MOBILITY
4. Business Development

5. Environmental

6. Social 1997 1998-2001 2002-2004 2006-2009 2010 2011 2013-2017 2017-2018 2020-2021

FUNDATION ACQUISITION ACQUISITION ACQUISITION MITSUI JV

7. Governance HARD TECH EDSCHA THYSSENKRUPP
METAL FORMING
APPENDIX
 2. GESTAMP GROUP 8

2021
Annual Report
2.2. Where we work

1. Letter from the Chairman

2. Gestamp Group

2.1. About us

2.2. Where we are

2.3. What we do

2.4. Organisational structure

2.5 Business strategy

2.6. 2021 Milestones

3. ESG Perspective

4. Business Development

5. Environmental

6. Social
Gestamp in the world
WESTERN EUROPE EASTERN EUROPE ASIA NORTH AMERICA
7. Governance
2 22 Spain 3 Czech Republic 2 11 China 1 9 United States
APPENDIX 3 Portugal 2 Poland 2 South Korea 7 Mexico
2 7 France 2 Slovakia 3 India
SOUTH AMERICA
1 7 UK 1 Hungary 1 Thailand
24 113 13 2 6 Germany 4 Russia 1 1 Japan
1 8

5
Brazil

Argentina
COUNTRIES PRODUCTION R&D 1 1 Sweden 1 Romania
PLANS CENTERS AFRICA
1 Bulgaria
1 Morocco
5 Turkey
 2. GESTAMP GROUP 9

2021
Annual Report
2.3. What we do
Operational excellence defines the way Gestamp works. Both Gestamp's products and
activities are the result of high-quality work, efficiency and effectiveness. In the search for
lighter, safer and more sustainable products for its customers, Gestamp is committed to
1. Letter from the Chairman innovation as a driving force to develop solutions that help in the transition towards cleaner
mobility, better for people, and to help address the challenges of the sector.
2. Gestamp Group + GESTAMP TECHNOLOGY

2.1. About us
TECHNOLOGY

2.2. Where we are At Gestamp, we have always accompanied our customers, offering them innovative solutions.
Over our 20+ years of history, we have evolved technologically from a company specialising in
2.3. What we do
cold stamping to a multi-technological company, continually striving to add new technologies
2.4. Organisational structure to our manufacturing processes, in addition to developing traditional techniques.

2.5 Business strategy

We currently offer a wide range of technologies for the transformation of metal parts, so
GES/MULTISTEP HOT STAMPING COLD STAMPING
2.6. 2021 Milestones that we can work with diverse formats and materials. Our production processes span the +
entire value chain, from in-house die and press manufacturing capabilities to finishing
3. ESG Perspective technologies, as well as a wide range of forming, mounting and assembly technologies.

4. Business Development Gestamp is a leader in hot stamping technology, with around 100 lines all over the world.
This technology makes it possible to manufacture safer and lighter metal components. This,
5. Environmental in turn, reduces the overall weight of the vehicle, reducing CO₂ emissions. By weighing less,
these components reduce the overall weight of the vehicle, with all that this entails in terms
6. Social of reducing the energy consumption and lowering the energy. HIGH-STRENGTH STEEL ROLL FORMING HYDROFORMING
STAMPING
7. Governance
Wide variety of technologies that meet the
APPENDIX
requirements of the industry to achieve an adequate
balance between:

WELDING AND LASER WELDED

PATCHWORK BLANKS
ASSEMBLY BLANKS

Seguridad Rendimiento Peso Coste

 2. GESTAMP GROUP 10

2021
Annual Report
PRODUCTS

At Gestamp, we have a wide range of products and many of them are essential for
the structural integrity of vehicles. Gestamp’s activities encompass all the processes in
1. Letter from the Chairman manufacturing parts, from the creation of presses and dies to the manufacturing and
finishing of the product.
2. Gestamp Group

2.1. About us

2.2. Where we are BIW CHASSIS MECHANISMS

2.3. What we do

2.4. Organisational structure

2.5 Business strategy

2.6. 2021 Milestones

BATTERY BOXES
HINGES
3. ESG Perspective SUBFRAMES

CLOSURES
4. Business Development

5. Environmental

6. Social CROSS CAR BEAMS

CRASH MANAGEMENT SYSTEMS LINKS
POWERED
7. Governance
SYSTEMS

APPENDIX
CONTROL ARMS

UNDERBODY UPPERBODY CLASS A REAR TWIST SYSTEMS DOOR CHECKS

 2. GESTAMP GROUP 11

2021
Annual Report

1. Letter from the Chairman

2. Gestamp Group Body-in-White

2.1. About us
Body-in-White (BIW) products make up
2.2. Where we are the structure that bears the weight of
the vehicle and protects the driver and
2.3. What we do
passengers. +
2.4. Organisational structure

2.5 Business strategy The performance of these parts is highly important in terms
2.6. 2021 Milestones of safety and weight reduction

3. ESG Perspective

4. Business Development

5. Environmental Chassis Mechanisms

6. Social The chassis comprises the under body of the These are mechanical components, such as hinges
vehicle and includes systems, frames and for doors, bonnets and boot doors, door checks and
7. Governance
related parts, such as front and rear axles door hinges, which enable users to open and close a
and couplings, control arms and integrated vehicle’s bonnet, side doors, rear doors and boot, as
APPENDIX
couplings, which connect the body to the well as pedal systems and hand brakes. Mechanisms
powertrain of a vehicle and support its weight. also include powered systems that allow vehicle doors
+ to open and close electrically and by means of remote
activation. +
These structures are essential for the dynamics, performance
and safety of vehicles and have a particular influence as re- These components afford important functionalities and
gards noise, vibrations, driving and impacts play a significant role in safety and comfort
 2. GESTAMP GROUP 12

2021
Annual Report

Dies, presses and other products and services

We have broad in-house capabilities to develop and manufacture dies, covering the entire value
1. Letter from the Chairman chain: design, machining, construction, commissioning, developing prototypes and tracking.

2. Gestamp Group We also have our own press construction services and we offer engineering technical services
that are independent from the specific manufacturing programmes.
2.1. About us

2.2. Where we are Furthermore, Gestamp sells the steel generated through the manufacturing processes to
secondary markets.
2.3. What we do

2.4. Organisational structure

2.5 Business strategy

2.6. 2021 Milestones

3. ESG Perspective

4. Business Development

5. Environmental

6. Social

7. Governance

APPENDIX Extensive experience

across the entire
value chain in hot and
cold stamping processes, thus
achieving optimal quality with a
commitment to cost
 2. GESTAMP GROUP 13

2021
Annual Report

1. Letter from the Chairman 2.4. Organisational structure

2. Gestamp Group Our organisational model is fundamentally structured in business
units that focus on business development, product, process and
2.1. About us
strategic projects, while our geographic divisions are focused on
2.2. Where we are the launch of industrial projects and the efficient management of
production capacities, where each production plant is an economic
2.3. What we do
hub.
2.4. Organisational structure

2.5 Business strategy

BOARD OF
DIRECTORS
2.6. 2021 Milestones

3. ESG Perspective
NOMINATION AND
AUDIT SUSTAINABILITY
COMPENSATION
4. Business Development COMMITTEE
COMMITTEE COMMITTEE

5. Environmental

6. Social
MANAGEMENT
7. Governance COMMITTEE

APPENDIX EXECUTIVE
CHAIRMAN

CORPORATE
COO
DIRECTORS
 2. GESTAMP GROUP 14

2021
Annual Report

2.5. Business strategy

1. Letter from the Chairman Our future strategy is based on three key aspects: to be an innovative, competitive and This ambitious plan is part of Gestamp's strategy and will be key to meeting the challenges
sustainable company. of the future.
2. Gestamp Group
■ Strengthening our position as an innovative supplier, moving forward together with our In 2021, the automotive sector was affected by the semiconductor crisis. Global vehicle
2.1. About us
customers, offering them innovative solutions to build more sustainable mobility. production, which already declined sharply in 2020 due to COVID-19, continues to be very
2.2. Where we are low, in this case due to the semiconductor supply crisis.
■ Committing to competitiveness based on the extensive use of all the advances of recent
2.3. What we do
years in the field of Industry 4.0. This lack of supply has caused many car manufacturers to temporarily close their production
2.4. Organisational structure lines, a situation that by extension has also affected Gestamp, with occasional closures in
■ Making progress in the field of sustainability in all the senses required by society. different plants of the Group. According to IHS estimates, by 2023 the automotive sector will
2.5 Business strategy
return to production levels similar to 2019.
2.6. 2021 Milestones With its sights set on the long term and with the aim of continuing to be the strategic
global partner for automotive manufacturers in BIW, Chassis and Mechanisms, Gestamp has
3. ESG Perspective designed a Transformation Plan to adapt its organisational and industrial structures.

4. Business Development In order to be prepared for the future, the changes demanded by the market and today's
uncertain world, Gestamp has launched this Transformation Plan. Thus, in 2021, it presented
With an eye on the long term and with the aim of
5. Environmental Atenea, which will be key to continue growing and improving day by day. continuing to be the strategic global partner for
6. Social This project is based on building on the successes of the past while maintaining
manufacturers in the automotive sector, Gestamp
competitiveness for the future. The Transformation Plan seeks to improve the efficiency has designed a Transformation Plan to adapt its
7. Governance
and effectiveness of corporate and operational functions through processes, systems, organizational and industrial structures
organisation and culture.
APPENDIX

The organisation plays a key role in the development of the project. All levels of the company
are involved by means of the mobilisation of leaders who play an active role in the different
stages of the process. After some time in development, 2021 saw the official launch of
this Transformation Plan, which has several phases, since it is a live project in which some
initiatives will take longer than others.
 2. GESTAMP GROUP 15

2021
Annual Report
2.6. 2021 Milestones
2021, with the COVID-19 pandemic still present and global supply problems, has not
been the year of recovery that was expected. However, Gestamp has remained firm in
its commitment to being an innovative, competitive and sustainable company, thanks
to the involvement, performance and efficiency of its teams.
1. Letter from the Chairman

2. Gestamp Group
+ GES-MULTISTEP®,
2.1. About us First executive meeting of awarded by Gasgoo in
the business council for China
2.2. Where we are sustainable development

2.3. What we do
+ Ampere Event
Electric Mobility
2.4. Organisational structure Brazil

2.5 Business strategy

+
Signing of the
+ +
2.6. 2021 Milestones Hackathon, Comillas
agreement with Participation in SIAT Pontifical University
Naturgy Event in India
3. ESG Perspective
+ +
4. Business Development Presentation of Presentation Presidency of
annual results Autoshow Shanghai Capital Markets Day of Atenea Sernauto

5. Environmental
JANUARY FEBRUARY MARCH APRIL MAY JUNE JULY AUGUST SEPTEMBER OCTOBER NOVEMBER DECEMBER

6. Social
+ + +
7. Governance General Presentation of Participation Launch of
Shareholders half-year results in EuroCarBody ESG Academy
Meeting
APPENDIX
+ Agreement with
+ Gestamp obtains
+
Gestamp
Aguascalientes Arcelor Mittal AENOR Zero Waste
20th Anniversary certificate

Excellence Award
+
Automotive to GHSS from German
Innovations Award - Chamber of Commerce
Edscha Power Door

Leadership Meeting 2021