Mitsui to participate in Gestamp Automoción S.A., a Spanish global leader

in designing and manufacturing of automotive components

Sep. 9th, 2016Mitsui & Co., Ltd

Topics

2

1. Outline of Mitsuiʼs investment

2. Understanding of the automotive industry

3. Profile of Gestamp Automoción S.A.(GA)

4. Strength of GA

5. Mitsui contribution to potential synergies

6. Relation with strategic partner GA

1. Outline of Mitsuiʼs investment 3

Purchase share of world largest automotive stamping component manufacturer Gestamp Automoción S.A.

Mitsuiʼs share 12.525%

Investment amount 416 million Euros (approx. ¥47 billion)*Adjusted based on GAʼs future financial results.

Investment timing Within FY ending March 2017 (plan)

<Safety and eco-friendliness requirements>①Tightening of crash performance regulations

・Crash performance regulations are becoming critical worldwide. Customer expectation on crash performance also increasing.

②Tightening of fuel consumption and CO2 emission regulations ・ Fuel consumption and CO2 emission regulations are becoming

critical worldwide.

2. Understanding of the automotive industry(1) 4

Demand of lightweight and high strength parts are increasing.

Side crash test Back crash testFuel consumption regulation

JP

US CH

EU

5

<Structural change of automotive industry>①Rise of Tier 0.5

・Automotive manufacturers development cost increasing due to demand of cutting edge technology, such as self-drive, IoT and HEV

・Tier 0.5, which deeply involved in co-development with automotivemanufacturers has been rising.

②Global platform・Automotive manufacturers are concentrating on concept designing to reduce development cost by part communization.

Demand of supplierʼs globalization and designing function are increasing.

Source : METI

2. Understanding of the automotive industry(1)

Global platform

Adjustable

Adjustable Fix Adjustable

JapanNorth AmericaEUAsiaChina

3. Profile of GA 6

Establishment 1997Head office Madrid SpainPresident Francisco José Riberas Mera, President and CEORevenue 7,035 million Euros（result of CY2015）EBITDA 760 million Euros（result of CY2015）Total assets 5,746 million Euros（as of ended 2015）

Rating S&P : BB(Stable）Moodyʼs : Ba2(Stable)

Profile of GAProducts of GABody in White, Chassis, Mechanism

Distribution of revenue (million Euros)

Lehman shock

EU financial crisis

Globalization

Acquisition of Edscha(Mechanism)

Technology development

Expansion to emerging countries

Acquisition of HardTech (Hot Stamping Technology) Acquisition of Tyssen Krupp Metal Forming

(Chassis)

Product development

Mitsuiʼs participation to GAʼs Americas operation

Diversification of product portfolio

Steady increase with cutting edge technology since establishment (Revenue 19 times larger since establishment)

[Technology for Light weight and high strength]4. Strengths of GA（1) 7

2D

3D

RollForming

Press hardening

Deep Drawing

Press (Partial) Hardening 

AHSSStamping

RollForming

Hydroforming

2D

3D

Press hardening

1

2

3

4

5

6

UTSUltimate Tensile Stress [MPa]

CF15001400

1300

12001100

1000900

800

700600

500

400

Roll Forming + AHSSStamping

Weight reductionCrash performance

Part shape complexity

HF

HF: Hot Forming TechnologiesCF: Cold Forming Technologies

1

2

45 6

3

2D Roll Forming  AHSS Stamping Roll Forming + AHSS Stamping

Deep Drawing

Hot stamping

Hot stamping with Softzone

HT1150~UTS1500

HT700 ~UTS980

HT550 ~UTS780

HT400 ~UTS590

Note: AHSS – Advanced High Strength Steel

Gestamp is the best partner for the OEM, with best knowledge of materials and processes, able to provide the optimal solution for each OEM requirement

Gestamp’s focus: weight reduction and increase in safety Leader in press hardening, the innovative technology that provides the best solution for a significant 

part of the vehicle content in terms of crash performance + shape complexity + cost

Proposal based on GAʼs technology・Co-development with Automotive manufacturers from concept designing stage.・Weight reduction, increase strength and improve crash performance proposals to

Automotive manufacturers.・Die and equipment designing/processing capability and 3D simulation capability.

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[Design proposal to automotive manufacturers]4. Strengths of GA（2)

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[Global footprint]Production sites︓ 101 production sites (including those under construction)

in 20 countries.R&D sites : 12 R&D sites with over 1300 engineers.

・Sending guest engineers to automotive manufacturers around the world.・Global base designing and production.

4. Strengths of GA（3)

As of Apr/2016 (under construction)

EU 60 sites (+1)

Asia 13 sites (+2)

Americas 22 sites (+3)USA 6 sites (+1)Mexico 5 sites (+1)Brazil 6 sites (+1)Argentina 5 sites

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Next Generation Model Development Designing Parts

Manufacturing

Mobility Value Chain

Material Supply Full Service Supplier Sales/ OEMAfter market

Complex Assemblies Vehicle Assembly by OEM

OEM

A

OEM

B

OEM

C

Material

IT Logistics

Business Development

Hot Stamping Multi Material

MITSUI CONTRIBUTION TO POTENTIAL SYNERGIES

Safety・High strength・Crash performance・Corrosion performance・Heat performanceEnvironment・Light weight・Multi Material

Drivability・Driving comfort・Vibration performance・Noise performanceProfitability• Cost

reduction・Development process

minimization

TIER 0.5

• New materials• Human resources• M&A support• Business Development

• Logistics optimization • Facility Maintenance• Smart Factory

5. Mitsui contribution to potential synergies

11

Riberas Family

GRI2015

Mitsui: 25%

Renewable Energies

GestampNorth and South

American operation2013

Mitsui: 30％ Brasil S/C MAG2014

Mitsui:50%

Francisco José Riberas Mera• Gestamp Automoción

Juan María Riberas Mera• Gonvarri Steel Industries• Gestamp Renewables

Mitsui & Co., Ltd

Auto Components Steel Service Centers12.525%

６. Relation with strategic partner GA・ Mitsui has been strengthening the relation with GA since participation in to

GA Americaʼs operation and led to decide investment in GA.