visteon citi car of the future symposium

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Citi Car of the Future Symposium Martin Thall President, Visteon Electronics

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Page 1: Visteon Citi Car of the Future Symposium

Citi Car of the Future Symposium

Martin Thall

President, Visteon Electronics

Page 2: Visteon Citi Car of the Future Symposium

1. Visteon Company Profile

2. Visteon’s Core Products

1. LightScape™ Driver Information

2. OpenAir™ Audio, Infotainment & Connectivity

3. SmartCore™ Intelligent Domain Controllers

3. Innovation and Collaboration

4. Q & A

Agenda

2

Page 3: Visteon Citi Car of the Future Symposium

Visteon Company Profile

Page 4: Visteon Citi Car of the Future Symposium

Today’s Visteon Electronics

$3B Consolidated

Sales (1)

> 10,000 Employees

14 of 15 Major vehicle

manufacturers

47 Total

Locations

22 Customer

Centers

25 Manufacturing

Facilities

21 Operating

Countries

Connected vehicle

solutions that are

designed to adapt

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$295M-

$310M

Consolidated

Adjusted

EBITDA (1)

(1) Represents full-year 2015 Guidance for Visteon’s Electronics product group.

Please see important disclosures regarding “Forward Looking Information“

and “Use of Non-GAAP Financial Information”

Page 5: Visteon Citi Car of the Future Symposium

Global Footprint

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Page 6: Visteon Citi Car of the Future Symposium

Visteon Sales Breakdown

Product

57% 27%

10%

6%

Audio &

Infotainment

Controls

Vehicle

Electronics

Instrument

Clusters &

Displays

34%

14%

9%

6%

5%

5%

5%

4%

4%

3% 12%

Ford

Renault/

Nissan

Mazda

BMW

GM/SGM

Honda

36%

32% 29%

3%

South

America

North

America

Europe

Asia

Pacific

Region Customer

Other

Diverse product, regional and customer profiles

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Business Profile

PSA

JLR

VW

Daimler

Page 7: Visteon Citi Car of the Future Symposium

Visteon’s Guiding Principles

1. Deliver innovation to carmakers that

enhances consumers’ lives Develop and assimilate adjacent industry

innovation into automotive-grade product

2. Provide a seamless connected user

experience to enhance mobility Drive the evolution of the car as a platform for

connected services and mobility

3. Build scalable and adaptable software-

driven platforms for our customers Deliver converged and connected products that

provide leadership to our OEM customers

4. Embrace the culture of a technology

“pure play” in the automotive industry Foster a deep, collaborative technical

community that attracts the best technology

partners and OEM partnerships

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Page 8: Visteon Citi Car of the Future Symposium

Visteon’s Core Products

Page 9: Visteon Citi Car of the Future Symposium

Core Products

OpenAir™

Audio, Infotainment & Connectivity

LightScape™

Premium Driver Information

SmartCore™

Intelligent Domain Controllers

Connected premium audio and

infotainment products based on

open architecture, human-

machine interaction and off-

board wireless communication

Multi-device connectivity and

advanced infotainment delivers

a content rich user experience.

Performance driver

information products that set

a new benchmark in vehicle

display quality and clarity.

The range’s digital instrument

cluster supports complex 3-D

graphics and video features

such as driver awareness and

camera inputs.

Integrates multiple driver

information, infotainment and

connectivity domains on one

single hardware platform.

Extended virtualization,

flexible graphics engine and

scalable framework are core

Visteon technologies.

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Page 10: Visteon Citi Car of the Future Symposium

Innovation and Collaboration

Page 11: Visteon Citi Car of the Future Symposium

Innovation and Partnerships

Vehicle Connectivity

Over-the-air software updates to extend the vehicle lifecycle, reduce

warranty and service costs, and enhance the driving experience

Enabling Technologies

Foundational hardware and software technologies enabling new user experiences

Innovation

Advanced driving concepts designed for future automotive business

models and vehicle ownership preferences.

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Page 12: Visteon Citi Car of the Future Symposium

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This presentation contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not guarantees of future results and conditions but rather are subject to various factors, risks and uncertainties that could cause our actual results to differ materially from those expressed in these forward-looking statements, including, but not limited to:

Caution should be taken not to place undue reliance on our forward-looking statements, which represent our view only as of the date of this presentation, and which we assume no obligation to update. New business wins and re-wins do not represent firm orders or firm commitments from customers, but are based on various assumptions, including the timing and duration of product launches, vehicle productions levels, customer price reductions and currency exchange rates.

conditions within the automotive industry, including (i) the automotive vehicle production volumes and schedules of our customers, and in particular Ford's and Hyundai-Kia’s vehicle production volumes, (ii) the financial condition of our customers and the effects of any restructuring or reorganization plans that may be undertaken by our customers, including work stoppages at our customers, and (iii) possible disruptions in the supply of commodities to us or our customers due to financial distress, work stoppages, natural disasters or civil unrest;

our ability to satisfy future capital and liquidity requirements; including our ability to access the credit and capital markets at the times and in the amounts needed and on terms acceptable to us; our ability to comply with financial and other covenants in our credit agreements; and the continuation of acceptable supplier payment terms;

our ability to execute on our transformational plans and cost-reduction initiatives in the amounts and on the timing contemplated;

our ability to satisfy pension and other post-employment benefit obligations;

our ability to access funds generated by foreign subsidiaries and joint ventures on a timely and cost effective basis;

general economic conditions, including changes in interest rates and fuel prices; the timing and expenses related to internal restructurings, employee reductions, acquisitions or dispositions and the effect of pension and other post-employment benefit obligations;

increases in raw material and energy costs and our ability to offset or recover these costs, increases in our warranty, product liability and recall costs or the outcome of legal or regulatory proceedings to which we are or may become a party; and

those factors identified in our filings with the SEC (including our Annual Report on Form 10-K for the fiscal year ended December 31, 2014).

Forward-Looking Information

Page 13: Visteon Citi Car of the Future Symposium

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Because not all companies use identical calculations, Adjusted EBITDA used in this

presentation may not be comparable to other similarly titled measures of other companies.

In order to provide the forward-looking non-GAAP Adjusted EBITDA measure for full-year

2015, the Company is providing a reconciliation to the most directly comparable GAAP

financial measures on the subsequent slide. The provision of the comparable GAAP

financial measures is not intended to indicate that the Company is explicitly or implicitly

providing projections on the GAAP financial measures, and actual results for such

measures are likely to vary from those presented. The reconciliation includes all information

reasonably available to the Company at the date of this presentation and the adjustments

that management can reasonably predict.

Use of Non-GAAP Financial Information

Page 14: Visteon Citi Car of the Future Symposium

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Page 15: Visteon Citi Car of the Future Symposium

Reconciliation of Electronics Adjusted EBITDA

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