Nexteer Automotive Group Limited · HKEX:1316
Nexteer Automotive — Q3 2023 Earnings Presentation
10 slides from Nexteer Automotive's earnings presentation, Nov 16, 2023
Slide 1: 2023 Q3 Business Update
2023 Q3 Business Update 16 November 2023 Copyright 2023, Nexteer Automotive Corporation. All rights reserved. 1
Slide 2: Safe Harbor Statement
Safe Harbor Statement These materials have been prepared by Nexteer Automotive Group Limited (“Nexteer” or the “Company”) and are being furnished to you solely for informational purposes. The information contained in these materials has not been independently verified. NO REPRESENTATION OR WARRANTY
Slide 3: Presenters
Presenters ROBIN MIKE M I L AV E C BIERLEIN Executive Board Director Senior Vice President President Chief Financial Officer Chief Technology Officer Chief Strategy Officer 3
Slide 4: Launched 9 Major Programs in Q3 2023
Launched 9 Major Programs in Q3 2023 All NEW Business & Capitalizes on China NEV OEM Growth NORTH AMERICA EM EASA A PA C (2) (1) (6) Ford Ranger BMW 5-Series Geely Jiyue 01 Aion Hyper GT REPS, Columns I-Shafts REPS CEPS Cadillac GT4 Citroen C3 Aircross Halfshafts CEPS Incumbent business | New busine
Slide 5: Business Wins – Q3 & 2023 Outlook
Business Wins – Q3 & 2023 Outlook Key Highlights in Q3 Bookings* YTD Bookings Composition ($ in billions) ($ in billions) First EPS Win with a Global Reaffirm Full-year Guidance with EV Leading OEM = Full Strong Q3 Booking Win 9% 13% Portfolio Represented (EPS, 11% $4.3B CIS & DL) ~$6.0B $4.3B $4.
Slide 6: Balanced & Optimized Global Engineering Footprint
Balanced & Optimized Global Engineering Footprint UNITED STATES EMEASA TECHNICAL CENTER Saginaw, MI, USA TECHNICAL CENTER Tychy, Poland Divisional Technical Centers ASIA PACIFIC TECHNICAL CENTER DIVISIONAL Focus- Local agility, Suzhou, China customer responsiveness, quality, • Product & Process Appl
Slide 7: As of Q3 2023: 100 million EPS production milestone
As of Q3 2023 • Reached global production milestone of 100 million electric power steering (EPS) systems • Reinforces our global EPS leadership & how we’re enabling fuel efficiency, advanced safety & performance for 60+ OEMs globally 7
Slide 8: Operating Update
Operating Update NA Labor Strike Supplier Issue • North America represents ~55% of • A tier-2 supplier was unable to Operating Global Revenue meet its supply commitment Exposure • The majority of regional revenue is causing a customer downtime with GM, Ford and Stellantis • Limit impact through cost
Slide 9: Near-Term & 2024 Considerations
Near-Term & 2024 Considerations Tailwinds Headwinds On-track to achieve record revenue for 2023 High interest rates & slowing economy could impact consumer demand Above market revenue growth in 2024 lead by continued strong performance from Asia Inflation remains elevated impacting input Pac
Slide 10: Strategy for Profitable Growth
Strategy for Profitable Growth Expand Strengthen Capitalize on Optimize Cost Pursue Select Target China & Diversify Technology Megatrend & Structure Acquisitions & Emerging Revenue Base Leadership Portfolio Alignment & Alliances Markets A well-defined plan to drive stakeholder value 10
Nexteer Automotive Group — Q3 2023 Earnings Presentation on 6ix