Slide 1: Visteon Q1 2025 Earnings
Visteon Q1 2025 Earnings April 24, 2025
Slide 2: Q1 2025 in Review
Q1 2025 in Review Strong start to the year with another quarter of market outperformance and margin expansion Net Sales Adjusted EBITDA Adjusted FCF $934 Million $129 Million $38 Million +10% Growth-over-Market(1) 13.8% Margin $343 Million Net Cash DIGITALIZATION IN NEW BUSINESS LED CONTINUED MAINTA
Slide 3: Market and Strategy Progression
Market and Strategy Progression Q1 represents another quarter of proof points supporting long-term growth strategy Displays Strategic ~50% y/y growth in sales and $1 billion of NBWs while implementing industry-first industrialization process Pillars Targeted Growth Customers Focus on Fast Continued
Slide 4: Q1 2025 Sales Highlights
Q1 2025 Sales Highlights Significant market outgrowth in all regions outside of China Q1 Y/Y Sales by Region Regional GoM Highlights (Dollars in millions) Q1 2024 Americas Q1 2025 Robust outgrowth driven by ramp up of recently launched $326 $315 $313 $296 digital cockpit products with Ford, Toyota,
Slide 5: Q1 2025 New Business Wins
Q1 2025 New Business Wins Strong start to the year driven by displays and clusters products New Business Wins by Product New Business Win Highlights Digital Cluster Digital cluster for SUV platform for mass SmartCore & market and luxury brands with Japanese OEM Infotainment Electrification 6% & Othe
Slide 6: Q1 2025 New Product Launches
Q1 2025 New Product Launches New product launches driven primarily by mass market adoption of digital cockpit products Q1 2025 Launch Highlights Key Q1 2025 Model Launches Hybrid Vehicle Electric Vehicle ICE Vehicle Digitalization in the Mass Market Launched digital cluster and infotainment products
Slide 7: Tariff Impact on Industry and Visteon
Tariff Impact on Industry and Visteon Tariff-driven uncertainty in global vehicle production outlook Current Tariff Environment Proposed Tariff Environment ❑ USMCA-compliant auto components are ❑ Auto parts tariffs of 25% on the non-US value not currently subject to tariffs of USMCA compliant parts
Slide 8: Summary
Summary Technology Portfolio Aligned with Key Vehicle Trends Products support digitalization in the mass market, HEV and EV adoption, and the transition to software defined vehicles Significant Market Outperformance Product launches drove 10% outperformance relative to customer vehicle production St
Slide 9: Visteon Q1 2025 Financial Results
Visteon Q1 2025 Financial Results April 24, 2025
Slide 10: Q1 2025 Financial Review
Q1 2025 Financial Review Good start to the year with strong execution and favorable one-timers Sales Margin Cash Flow Balance Capital Drivers Expansion Generation Sheet Allocation Net Sales Adj. EBITDA Margin Adj. FCF Net Cash Share Buybacks $934 Million 13.8% Margin $38 Million $343 Million $7 Mill
Slide 11: Q1 2025 Sales & EBITDA Performance
Q1 2025 Sales & EBITDA Performance Delivered robust market outperformance and expanded margins by 290 bps (Dollars in millions) Key Performance Drivers Sales Adjusted EBITDA Growth-Over-Market +$1 +290 bps GoM of 10% driven by recent product launches and strong demand for displays products $933 $934
Slide 12: Balance Sheet and Adjusted Free Cash Flow
Balance Sheet and Adjusted Free Cash Flow Strong cash generation and balance sheet positions Visteon to navigate tariff disruptions Q1 Q1 (Dollars in millions) 2024 2025 Cash Adjusted EBITDA $102 $129 $658M Provides flexibility and supports capital allocation Trade Working Capital (11) 7 Cash Taxes
Slide 13: Tariff Impact
Tariff Impact Not reaffirming guidance due to uncertainty related to tariffs and potential impact on vehicle volumes Tariff Dynamics Vehicle Production Outlook Uncertain Significant variability and uncertainty from tariffs potentially impacting automotive market outlook despite strong Q1 results Pot
Slide 14: Investment Thesis
Investment Thesis Visteon continues to be a compelling long-term investment opportunity Digital Cockpit Innovative Product Competitive Cost Balanced Capital Electronics Leader Portfolio Structure Allocation Digital cockpit leader for cars, Industry leader in digital clusters Optimizing spend t
Slide 15: Earnings Q&A
Earnings Q&A April 24, 2025
Slide 16: Appendix
Appendix April 24, 2025
Slide 17: 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 18: 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 19: 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 20: 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 21: 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 22: 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 23: 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 Sales $933 $1,014 $980 $939 $3,866 $934 Gross margin $119 $147 $131 $134 $531 $138 Intangibles amortization — — — 1 1 — Stock-based compensation expense 4 5 4 4
Slide 24: Net Engineering
Net Engineering 2024 2025 (Dollars in millions) Q1 Q2 Q3 Q4 Full Year Q1 Engineering costs, net Engineering costs, gross ($83) ($81) ($80) ($90) ($334) ($80) Recoveries 23 31 33 56 143 28 Engineering costs, net ($60) ($50) ($47) ($34) ($191) ($52) 24
Slide 25: 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 Income Statement Sales $933 $1,014 $980 $939 $3,866 $934 Gross margin 119 147 131 134 531 138 SG&A 52 49 51 55 207 47 Net income / (loss) attributable to Visteon 42 71 39 122 274 65 Earnings
Slide 26: Visteon
29 | Visteon IN MOTION