Slide 1: Acquisition of Remaining 30% Interest in Halla Climate Control Corporation
Visteon July Strictly 20125, Private Acquisition and Confidential of Remaining 30% Interest in Halla Climate Control Corporation
Slide 2: Acquire Remaining 30% of Halla Climate Control
All-cash Approx. Additional Halla Leading million Visteon Note: Please Page 2Climate All see 70% Acquisition to has automotive million deal financials Acquire appendix accretion commenced currently valued Control value, Remaining in of for components from atowned U Corp. Remaining net approx. import
Slide 3: Transaction Overview
Purchase Timing Financing Price: Total Minimum Fully Pricing Tender Customary Transaction Please Page 3size: committed 28,500 see Period offer period: commenced approximately Price tender appendix million de-listing Overview Has toKRW 20 acquire Unanimous local threshold: calendar USD (approx. begin
Slide 4: Purchase Price Summary
(U.S. 4Enterprise Purchase Tender Halla Estimated $745 Excludes Please Page Dollars. see Price Summary Price transaction Halla appendix per inSummary Value, Net Millions, Share for Cash(60) fees Including (KRW) important (1) and unless expenses.(2) Enterprise 28,Net otherwise disclosures 500Cash USD
Slide 5: Transaction Accretion Impact
Transaction Own Halla $663 $62 Visteon Simplified Operational $20 Additional ??$50 2011 Sub-total Add: Diluted % (1) Please Page Accretion $62 million 570% After-tax EPS million Net Climate million see million EPS Today at$1.81 income Impact 100% of appendix corporate synergy of in Impact and Adjust
Slide 6: Transaction Solidifies Visteon's Strategy and Focus
Visteon Focus Capitalize Sharp Transaction Solidifies Immediately $20 Full Geographic Halla Strategically Please Page million benefit 6cash focus on see Strategy two Visteon’s on appendix flows Aligned of alignment Highlights on accretive and strength strongest Climate synergies cost enable Financia
Slide 7: Value Creation: Synergies and Tax Optimization
Value Leverage Synergies Operational Economies Cash Benefits Tax Optimization Opportunities First Please Page Optimizes Full 7Flow Creation seeRecapture Year full Material, appendix Reduced ofImproves global Facilitates scale Synergies Visteon’s Opportunities dividend (e.g. labor for capital resourc
Slide 8: Halla Climate Control Corporation Overview
Halla Climate Strictly PrivateControl and Confidential Corporation Overview
Slide 9: Halla Overview
Hallaowned Overview Develops 70% Strong HVAC Radiator Condenser Technology Page 9Climate Product System Evaporator and Leading Intercooler Leader bymanufactures Control Front-End Visteon Portfolio automotive with Core Corporation Controller with Complete Module Heater automotive remaining components
Slide 10: Halla: Strong Track Record of Growth
Halla (U.S. Strong Employees $2.0B Climate 2005 Facilities 2011 By Europe 12% S. N. 10% 14% Rest Established 39% Note: Page Korea America Region of 18% 72% 10 Sales 2008 Dollars Financial Sales, Footprint Asia Other 14 2011 By $3.0 Breakdown 6,600 35% Global employees and Customer Overview Billion G
Slide 11: Key Initiatives to Achieve 2015 Margin Target
2015 Achieved Key Direct Product Corporate Information 13.0% Page 2011 8.9% initiatives: Actual Global (1) PleaseVisteon margin materials (1) engineering costs by support Represents 11 2015 see Target Savingstechnology target leveraging Climate andfunctions appendix of 13% EBITDA fullfor fully-alloc
Slide 12: Transaction Summary
Transaction Solidifies Full Geographic Halla Please Page benefit 12 cash seeVisteon’s appendix flows of alignment Summary Climate enable #2 forof global business important significant debt Climate with accrues disclosures local cash market flows to debt Visteon facility position regarding and enhanc
Slide 13: Appendix
Strictly Private and Confidential Appendix
Slide 14: Transaction Structure and Financing
Transaction Summary Local 100% 70% Company Acquisition 30% Halla Visteon Financing Corporation Control The Ensures Tender Strong Other Korean Accordingly, Please Pagetender Minority Shareholders 14 Climate Tender Considerations Offer see Halla period tender has tender Transaction important offer obt
Slide 15: Halla Operations Outside of Korea
Halla Canada U.S. 100% 70% Dalian India (HCC Shanghai Portugal 11 Turkey Thailand Slovakia Page Different 15 Jinan Ownership 80%, >99%, CN Beijing CNCN BAIC Operations Geely CN Structure 20%) <1%)Outside of Korea
Slide 16: Use of Non-GAAP Financial Information
Use of Throughout income losses Management vary forecasting (losses) EBITDA discretionary Page significantly 16 on Non-GAAP (loss) asmay divestitures, an inthis use, believes indicator attributable future notpresentation, in as beFinancial timing periods. itcomparable Adjusted net does of to operati
Slide 17: Forward-Looking Information
Forward-Looking This including, terms other industry, of (iii) firm and acquisitions increases SEC Caution Pageour conditions currency possible orders presentation (including 17 post-employment acceptable customers should including inbut or our or disruptions exchange firm not but dispositions be ou
Slide 18: www.visteon.com
www.visteon.com visteon