Visteon Corporation · NASDAQ:VC
Visteon — Investor Day (February 2014)
40 slides from Visteon's investor day presentation, Feb 25, 2014
Slide 1: 2014 Investor Day
Tim Leuliette February 25, 2014 2014 Investor Day Exhibit 99.1
Slide 2: Overview Key Businesses
Overview Key Businesses Global auto supplier of climate, electronics and interiors products Worldwide manufacturing/engineering footprint with emphasis on low-cost regions Strategically positioned to capitalize on emerging-market growth 2013 consolidated sales of $7.4 billion $4.9 Billion Climate In
Slide 3: Focused on Optimizing Visteon's Core Business Portfolio
Focused on Optimizing Visteon’s Core Business Portfolio Visteon Continues to Deliver Value Solid financial performance – 2013 Adjusted EBITDA (including equity income and NCI) of $704 million, up $78 million Y/Y Visteon business drastically simplified and easier to understand – Contributed Climate b
Slide 4: Continue to Optimize Our Product Portfolio
Continue to Optimize Our Product Portfolio Product Portfolio 10.6% Climate Interiors Electronics 8.3% 1.9% (1) Represents 2013 sales and Adjusted EBITDA margin (ex. equity income / NCI). % Margin (1) #2 climate player globally One of only two “full-line” suppliers $680 million backlog Plans in place
Slide 5: Strong Three-Year Backlog in Core Climate & Electronics
Climate and Electronics (Excluding Interiors and JCI Electronics) Strong Three–Year Backlog in Core Climate & Electronics Strong Products & Technology Driving Growth • At last year’s Deutsche Bank Conference, Visteon disclosed an $800 million backlog (new incremental business net of lost business wh
Slide 6: 2017 Targets: The Investment Premise
$149M $600M 51.1M 135% 31% 67% 21% ~$350M ~$1,000M ~40.2M $704M $125M $680M ~45.5M $7.4B 2017 Targets: The Investment Premise Sales Adjusted EBITDA (2013 Definition) ‘17 vs. ‘13 Wt. Avg. Shares Outstanding (3) (1) 2013 and 2014 exclude impact of Interiors exit and JCI Electronics acquisition. (2) Ex
Slide 7: Focused on Growing our Core Businesses and Addressing Legacy Issues
Focused on Growing our Core Businesses and Addressing Legacy Issues Our Near Term Focus to Achieve 2017 Targets… Maintain Focus on Core Value-Creating Assets – Climate and Electronics businesses are market leaders – Both exhibit higher than segment growth Optimize Electronics – Address Electronics’
Slide 8: www.visteon.com * * * *
www.visteon.com * * * *
Slide 9: HVCC Product / Technology Strategy
YH Park Feb. 25, 2014 HVCC Product / Technology Strategy
Slide 10: HVCC at a glance - Video
HVCC at a glance - Video
Slide 11: Financial Highlights
Financial Highlights FY 2013 Financial Results 2013 Sales Breakdown +14% +21% Financial Highlights Strong growth profile with $680 million backlog – 7% sales CAGR between 2014 and 2017 – China sales now exceed $900 million annually Strong balance sheet, with net cash position Stock price up 64% in 2
Slide 12: A World-Class Climate Organization
A World-Class Climate Organization Positioned for Growth Clear #2 global climate player, with 13% market share Leading product and technology portfolio One of only two “full-line” suppliers Customer-focused solutions provider with a worldwide presence Global manufacturing footprint supporting OEMs G
Slide 13: Global Footprint
Market Countries # of MFG (%) 35 Manufacturing Facilities and Four Technical Centers Headquarters: Daejeon, Korea Global Footprint Emerging China South Asia Eastern Europe/Russia Mexico/South America Subtotal 74%
Slide 14: One of Two Full-Line Systems Providers
One of Two Full-Line Systems Providers Automotive Climate Control Systems
Slide 15: A/C System Operation Impacts Fuel Economy
A/C System Operation Impacts Fuel Economy Fuel Economy
Slide 16: Strict Fuel Economy Standards and Emissions-Related Regulations
Strict Fuel Economy Standards and Emissions-Related Regulations Regulations * EPA : Environmental Protection Agency * NHTSA : National Highway Traffic Safety Administration * CAFE: Corporate Average Fuel Economy * Legislated by EPA and NHTSA * Legislated by Chinese and Japanese governments * Legisla
Slide 17: Slide 17
Slide 18: Conventional Market Appreciated Products
Conventional Market Appreciated Products Products Delivering Value Today Conventional products to meet regulations: – Direct contribution Metal Seal Fitting R744 System 1234yf System – Indirect contribution Variable Compressor Internal Heat Exchanger (HEX) Improved Condenser and Evaporator
Slide 19: Thermal Energy Management Solutions
Thermal Energy Management Solutions
Slide 20: 2020 2018 2016 2014 2014 2016 2018 2020
2020 2018 2016 2014 2014 2016 2018 2020
Slide 21: HVCC: World-Class, Innovative Product Portfolio (IHX Water Cooled Condenser)
IHX Sub-Cooled Water Cooled Condenser IHX Sub-Cooled Water Cooled Condenser Mechanism Customer Benefit HVCC: World-Class, Innovative Product Portfolio • Water cooled condenser provides better cooling performance, compared to conventional air cooled condensers • IHX cools down again refrigerant that
Slide 22: HVCC: World-Class, Innovative Product Portfolio (IR Sensor)
High Resolution IR Sensor Adaptive Temperature Control Using High Resolution IR Sensor Mechanism Customer Benefit HVCC: World-Class, Innovative Product Portfolio The infrared red sensor: • Detects a human body separate from cabin with increased accuracy • Analyzes vehicle occupants (e.g., number of
Slide 23: HVCC: World-Class, Innovative Product Portfolio (Centrifugal Air Compressor)
Centrifugal Air Compressor Centrifugal Air Compressor Mechanism Customer Benefit HVCC: World-Class, Innovative Product Portfolio • Provides compressed and pressurized air as needed to the fuel cell stack to create a hydrogen chemical reaction • 17% improvement of performance, compared to screw type
Slide 24: Industry Recognition for Innovative Technology Development
Industry Recognition for Innovative Technology Development Industry Technology Achievements Centrifugal Air Compressor Zero Waste Dispense Compressor Coating Metal Seal Fitting Wavy Blade Fan
Slide 25: Automotive Thermal Energy Management Solution Provider
Automotive Thermal Energy Management Solution Provider Summary Market-leading and differentiated solutions Ready to earn maximum U.S. regulation A/C credits Focused on delivering innovative solutions that are eco-friendly, efficient and deliver comfort Above market growth through customer diversific
Slide 26: www.visteon.com * * * *
www.visteon.com * * * *
Slide 27: Visteon Electronics
Martin Thall President Electronics Group February 25, 2014 Visteon Electronics
Slide 28: Visteon electronics
Visteon: electronics
Slide 29: Building Technology for Converging Worlds
Building Technology for Converging Worlds Visteon . . electronics At the intersection of Consumer Electronics and the Connected Automobile = SafetyCritical AUTOMOTIVE Secure _ Automotive Robustness Reliability DriverExperience MinimizeDistraction Visteon’ Connected electronics Services TheCloud Medi
Slide 30: Visteon Electronics: Financial Highlights
Visteon Electronics Today FY 2013 Sales 2013 Pro Forma Sales Breakdown (Post JCI Acquisition) Visteon Electronics: Financial Highlights Strong global market position in cockpit ecosystem, with above market growth and industry leading technology 2012 to 2017 12% revenue CAGR forms solid foundation fo
Slide 31: Visteon Electronics Competitive Position
Visteon is Positioned to Be One of the Major Forces in the HMI Conversion of the Vehicle to the “Largest Mobile Device a Consumer Will Ever Purchase” Cockpit Electronics Driver Information Displays Instrument Clusters Pro Forma Market Share Key Visteon Cockpit Electronics Markets Visteon Electronics
Slide 32: Cockpit Electronics Market
Cockpit Electronics Market Infotainment growth forecast shifts to entry/mid systems (26% in 2014) Color Display Market Value $ 16% CAGR 2014-’17 Connectivity Devices in 2020 exceed 40M / year. 25% Heads Up Display Goes Mainstream >25% CAGR Sources: Visteon global display and infotainment forecast Fe
Slide 33: Information and Controls Portfolio
Information and Controls Portfolio Instrument Clusters Climate Controls Control Panels Displays LightScape™ | | Reconfigurable High Resolution Color Display Launched in January 2014 @ CES2014
Slide 34: Audio and Infotainment Portfolio
Audio and Infotainment Portfolio Audio Head Units Infotainment Connectivity Solutions Audio Components OpenAir™ HMI Command & Control Open Architecture Access Off-board content & services | | Launched in January 2014 @ CES2014
Slide 35: Connected Services Market
Connected Services Market Sources: Visteon infotainment & connectivity forecast Feb 2014, Cisco IBSG practice Connected Vehicle Report, Frost and Sullivan Connected Car Big data Webinar Jan 2014, Microsoft Security Intelligence Report, Panda Security, Consumer Reports, GSMA/SBD telematics forecast F
Slide 36: Connected Car Architecture
Connected Car Architecture Mobile Network Data Center Internet Services Wi-Fi & Bluetooth 2G, 3G, 4G/LTE 2G,3G, 4G/LTE Antenna Wireless Gateway Infotainment & User Interface Consumer’s Smartphone Cockpit Electronics Connected Services
Slide 37: Visteon electronics: Infotainment Telematics Services
Visteon’ electronics Infotainment Telematics Services - a
Slide 38: Why Visteon Electronics?
Why Visteon Electronics? Leveraging strengths in Human Machine Interfaces and Connectivity with a Focus on Safety
Slide 39: Driving Cockpit Electronics Technology
Driving Cockpit Electronics Technology Visteon: electronics | J USER INTERFACES > CONNECTIVITY Horizon Cockpit Concept OASIS Cockpit Concept Hand gestures replicated as a virtual hand interacting on A secure data pipe actively switches connectivity the cockpit's dual-layered display. methods (modem,
Slide 40: www.visteon.com
www.visteon.com * * * * * * *