Slide 1: Visteon Q3 2025 Earnings
Visteon Q3 2025 Earnings October 23, 2025
Slide 2: Q3 2025 in Review
Q3 2025 in Review Strong operational execution delivers robust profitability and free cash flow Net Sales Adjusted EBITDA Adjusted FCF $917 Million $119 Million $110 Million (6%) Y/Y & (5%) GoM* 13.0% Margin $459 Million Net Cash Continued strong operational and financial performance SALES IN LINE W
Slide 3: Q3 2025 Sales Performance
Q3 2025 Sales Performance Q3 sales performance in line with expectations excluding unplanned customer production downtime Q3 Y/Y Sales by Region Regional Sales Highlights (Dollars in millions) Q3 2024 Q3 2025 Americas Lower battery management systems more than offset growth in cockpit electronics fr
Slide 4: Q3 2025 New Product Launches
Q3 2025 New Product Launches Robust launch activity with new products on 28 vehicles across 10 OEMs Q3 2025 Launch Highlights Key Q3 2025 Model Launches ICE Vehicle ICE & Hybrid ICE & Hybrid Continued Launch Execution on Key OEM Platforms Advanced technology offering and strong execution enabling la
Slide 5: Q3 2025 New Business Wins
Q3 2025 New Business Wins On track to exceed $7 billion of NBWs in 2025 driven by another strong quarter of digital cockpit wins YTD New Business Wins New Business Win Highlights Panorama Display $5.7B Multi-display module for high- 5% Electrification & Other $4.9B performance EV platform for global
Slide 6: Progression on Strategic Growth Initiatives
Progression on Strategic Growth Initiatives Targeted growth initiatives set foundation for return to growth Strategic Growth Initiatives Q3 Progress Update • Advanced displays and 4th generation SmartCore CDC • 5 digital cockpit products launched on EVs in Q3 in enable content growth for hybrid/EV v
Slide 7: Visteon Q3 2025 Financial Results
Visteon Q3 2025 Financial Results October 23, 2025
Slide 8: Q3 2025 Financial Review
Q3 2025 Financial Review Strong cost performance and cash generation Sales Margin Cash Flow Capital Balance Drivers Expansion Generation Allocation Sheet Net Sales Adj. EBITDA Adj. FCF Dividend Net Cash $917 Million 13.0% Margin $110 Million $0.275/share $459 Million Displays growth y/y Normalized m
Slide 9: Q3 2025 Sales & EBITDA Performance
Q3 2025 Sales & EBITDA Performance Expanded margins by 90 bps with continued focus on cost discipline (Dollars in millions) Key Performance Drivers Sales Adjusted EBITDA Customer Production and GoM ($63) +90 bps Customer production slightly positive y/y while GoM of (5%) driven by headwinds from Chi
Slide 10: Balance Sheet, Cash Flow, and Capital Allocation
Balance Sheet, Cash Flow, and Capital Allocation Strong cash generation and balance sheet enables opportunities for capital deployment YTD YTD (Dollars in millions) 2024 2025 Cash Conversion Adjusted EBITDA $357 $382 56% Conversion ratio ahead of full-year target Trade Working Capital (75) 36 Cash T
Slide 11: 2025 Full-Year Guidance
2025 Full-Year Guidance Sales trending below midpoint while adj. EBITDA and adj. free cash flow tracking towards high end Key Assumptions ▪ Trending below midpoint of guidance based on latest customer production schedules, $3.70B – $3.85B incorporating lower BMS demand LSD Growth-over-Market* ▪ Inco
Slide 12: 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 13: Earnings Q&A
Earnings Q&A October 23, 2025
Slide 14: Appendix
Appendix October 23, 2025
Slide 15: 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 16: 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 17: 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 18: 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 19: 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 expense, net interest expense, equity in net (income) / lo
Slide 20: 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 21: 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 YTD Sales $933 $1,014 $980 $939 $3,866 $934 $969 $917 $2,820 Gross margin $119 $147 $131 $134 $531 $138 $141 $131 $410 Intangibles amortization — — — 1 1
Slide 22: Net Engineering
Net Engineering 2024 2025 (Dollars in millions) Q1 Q2 Q3 Q4 Full Year Q1 Q2 Q3 YTD Engineering costs, net Engineering costs, gross ($83) ($81) ($80) ($90) ($334) ($80) ($88) ($90) ($258) Recoveries 23 31 33 56 143 28 36 32 96 Engineering costs, net ($60) ($50) ($47) ($34) ($191) ($52) ($52) ($58) ($
Slide 23: 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 YTD Income Statement Sales $933 $1,014 $980 $939 $3,866 $934 $969 $917 $2,820 Gross margin 119 147 131 134 531 138 141 131 410 SG&A 52 49 51 55 207 47 48 53 148 Net income / (loss) att
Slide 24: Investor Relations Upcoming Activity
Investor Relations Upcoming Activity Upcoming Activity October UBS Earnings Call Back Virtual November Baird Industrials Conference Chicago December Nasdaq Investor Conference London December Visteon-hosted 101 Teach-In Virtual Investor Relations Contact: investor@visteon.com 24
Slide 25: Visteon In Motion
29 | Visteon IN MOTION