Visteon Corporation · NASDAQ:VC
Visteon — Q4 2025 Earnings Presentation
28 slides from Visteon's earnings presentation, Feb 19, 2026
Slide 1: Visteon Q4 & Full-Year 2025 Earnings
Visteon Q4 & Full-Year 2025 Earnings February 19, 2026
Slide 2: Full-Year 2025 in Review
Full-Year 2025 in Review Strong performance despite various industry challenges Net Sales Adjusted EBITDA Adjusted FCF $3,768 Million $492 Million $292 Million +2% Growth-over-Market* 13.1% Margin $472 Million Net Cash STRONG SALES RECORD LEVEL STRONG MARGIN DELIVERED ON PERFORMANCE IN OF NEW EXPANS
Slide 3: 2025 Strategic Update
2025 Strategic Update Building the next phase of growth through product innovation and market expansion Strategy Progression Update Displays Artificial Intelligence Expanding Market Opportunity Expanding market share through Leading cockpit domain controller Broader customer base and adjacent market
Slide 4: 2025 Visteon Sales Performance
2025 Visteon Sales Performance Strength in underlying digital cockpit business offset by weakness in BMS and China 2025 Visteon Sales by Region Regional GoM Drivers (Dollars in millions) 2024 Americas | +5% 2025 • Strong growth in digital cockpit programs • Lower BMS volumes tied to the U.S. EV slow
Slide 5: 2025 New Product Launches
2025 New Product Launches Launched 86 new products across 19 OEM customers Key Q4 2025 Model Launches 2025 Launch Highlights ICE & Hybrid ICE & Hybrid Electric Vehicle 28 Displays & SmartCore Launches ~20% On Hybrid Powertrains Toyota Corolla Digital Cluster Mazda CX-5 Center Display Zeekr 7 SmartCo
Slide 6: 2025 New Business Wins Exceeded $7 Billion
2025 New Business Wins Exceeded $7 Billion Record new business wins driven by demand for display and SmartCore products FY 2025 New Business Wins Q4 New Business Win Highlights $7.4B Center Information Display 4% Electrification & Other Display for heavy-duty trucks platform for North American OEM $
Slide 7: 2026 Market and Sales Outlook
2026 Market and Sales Outlook Building blocks for next growth stage emerging in 2026 (Dollars in millions) Temporary Headwinds Next Stage of Growth Factors contained to 2026 Sustainable growth building in 2026 $3,768 +2% $3,625 – 3,825 (2%) +2% (2%) +1% (2%) China Sales: SmartCore HPC launches offse
Slide 8: Visteon Q4 & Full-Year 2025 Financial Results
Visteon Q4 & Full-Year 2025 Financial Results February 19, 2026
Slide 9: 2019–2025 Financial Performance
2019–2025 Financial Performance Increased revenue, expanded margins, and generated significant cash in challenging environment (Dollars in millions) Sales Adjusted EBITDA Adjusted Free Cash Flow Recoveries Added Expanded Avg Conversion(1) ~$0.8B +520 bps ~42% $3,954 $3,866 $3,756 $3,768 $300 $292 $4
Slide 10: Q4 2025 Financial Review
Q4 2025 Financial Review Strong margin performance and cash generation continued in Q4 Sales Margin Cash Flow Capital Balance Drivers Expansion Generation Allocation Sheet Net Sales Adj. EBITDA Adj. FCF Shareholder Returns Net Cash $948 Million 11.6% Margin $77 Million $57 Million $472 Million Growt
Slide 11: Full-Year 2025 Sales & EBITDA Performance
Full-Year 2025 Sales & EBITDA Performance Expanded margins by 80 bps while navigating various industry headwinds (Dollars in millions) Key Performance Drivers Sales Adjusted EBITDA Customer Production and Currency ($98) +80 bps Customer-weighted production declined 1% year- over-year and currency wa
Slide 12: Full-Year 2025 Cash Flow and Capital Allocation
Full-Year 2025 Cash Flow and Capital Allocation Strong cash generation and balance sheet enabled balanced capital allocation strategy FY FY (Dollars in millions) 2024 2025 2025 Capital Allocation Adjusted EBITDA $474 $492 Share Repurchases Trade Working Capital 30 32 $57 Cash Taxes (73) (98) Debt $1
Slide 13: Full-Year 2026 Guidance
Full-Year 2026 Guidance Building the foundation for the next stage of growth Key Assumptions ▪ Growth with high-performance compute launches in China, progress on strategic growth initiatives, and new program launches contribute ~5% growth $3.625B – $3.825B ▪ Lower BMS volumes and discontinued vehic
Slide 14: 2026 Capital Allocation Priorities
2026 Capital Allocation Priorities Remain committed to driving shareholder value through balanced capital allocation priorities (Dollars in millions) $500M+ Available for Deployment 2026 Capital Allocation Prioritizing reinvesting in the business Organic Investments Investing $150M in capital expend
Slide 15: Save the Date 2026 Investor Day
Save the Date 2026 Investor Day June 25, 2026 Nasdaq MarketSite New York, NY investor@visteon.com 15
Slide 16: Earnings Q&A
Earnings Q&A February 19, 2026
Slide 17: Appendix
Appendix February 19, 2026
Slide 18: Forward-Looking Statements
Forward-Looking Statements This presentation contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. The words "will," "may," "designed to," "outlook," "believes," "should," "anticipates," "plans," "expects," "intends," "estimates," "forecast
Slide 19: Use of Non-GAAP Financial Information
Use of Non-GAAP Financial Information • Because not all companies use identical calculations, Adjusted Gross Margin, Adjusted SG&A, Adjusted EBITDA, Adjusted Net Income, Adjusted EPS, Free Cash Flow and Adjusted Free Cash Flow used throughout this presentation may not be comparable to other similarl
Slide 20: Reconciliation of Non-GAAP Financial Information
Reconciliation of Non-GAAP Financial Information Adjusted Gross Margin The Company defines Adjusted Gross Margin as gross margin, adjusted to eliminate the impacts of stock-based compensation expense, intangibles amortization and other non-operating costs. 2024 2025 (Dollars in millions) Q1 Q2 Q3 Q4
Slide 21: Reconciliation of Non-GAAP Financial Information (cont'd)
Reconciliation of Non-GAAP Financial Information (cont’d) Adjusted Net Income and Adjusted EPS • The Company defines Adjusted Net Income as net income / (loss) attributable to Visteon adjusted to eliminate the impact of restructuring and impairment expense, and related tax effects and other gains an
Slide 22: Reconciliation of Non-GAAP Financial Information (cont'd)
Reconciliation of Non-GAAP Financial Information (cont’d) Adjusted EBITDA The Company defines Adjusted EBITDA as net income / (loss) attributable to the Company adjusted to eliminate the impact of depreciation and amortization, restructuring and impairment expense, net interest expense, equity in ne
Slide 23: Reconciliation of Non-GAAP Financial Information (cont'd)
Reconciliation of Non-GAAP Financial Information (cont’d) Free Cash Flow and Adjusted Free Cash Flow • The Company defines Free Cash Flow as cash flow from (for) operating activities less capital expenditures. • The Company defines Adjusted Free Cash Flow as cash flow from (for) operating activities
Slide 24: Reconciliation of Non-GAAP Financial Information (cont'd)
Reconciliation of Non-GAAP Financial Information (cont’d) Adjusted EBITDA Build-up (Dollars in millions) 2024 2025 Q1 Q2 Q3 Q4 Full Year Q1 Q2 Q3 Q4 Full Year Sales $933 $1,014 $980 $939 $3,866 $934 $969 $917 948 $3,768 Gross margin $119 $147 $131 $134 $531 $138 $141 $131 $122 $532 Intangibles amort
Slide 25: Net Engineering
Net Engineering 2024 2025 (Dollars in millions) Q1 Q2 Q3 Q4 Full Year Q1 Q2 Q3 Q4 Full Year Engineering costs, gross (83) (81) (80) (90) (334) (80) (88) (90) (106) (364) Recoveries 23 31 33 56 143 28 36 32 48 144 Engineering costs, net ($60) ($50) ($47) ($34) ($191) ($52) ($52) ($58) ($58) ($220) 25
Slide 26: Financial Results – U.S. GAAP
Financial Results – U.S. GAAP 2024 2025 (Dollars in millions, except per share data) Q1 Q2 Q3 Q4 Full Year Q1 Q2 Q3 Q4 Full Year Income Statement Sales $933 $1,014 $980 $939 $3,866 $934 $969 $917 $948 $3,768 Gross margin $119 $147 $131 $134 $531 $138 $141 $131 $122 $532 SG&A $52 $49 $51 $55 $207 $47
Slide 27: Condensed Statement of Operations - Tax Adjustments
Condensed Statement of Operations - Tax Adjustments (Dollars in Millions) Before Change in Accounting Method 2023 2024 2025 Full Year Q1 Q2 Q3 Q4 Full Year Q1 Q2 Q3 Q4 Full Year Income Statement Income (loss) before income taxes $257 $63 $100 $51 $84 $298 $95 $97 $81 $65 $338 Benefit from (provision
Slide 28: Condensed Statement of Operations - Tax Adjustments
Condensed Statement of Operations - Tax Adjustments Before Change in Accounting Method 2023 2024 2025 Full Year Q1 Q2 Q3 Q4 Full Year Q1 Q2 Q3 Q4 Full Year Diluted net income per share $ 17.05 $ 1.50 $ 2.54 $ 1.40 $ 4.37 $ 9.82 $ 2.36 $ 2.36 $ 2.04 $ 1.48 $ 8.26 Diluted net income per share, as adju