Visteon Corporation · NASDAQ:VC
Visteon — Deutsche Bank Global Automotive Industry Conference 2012
26 slides from Visteon's conference presentation, Jan 11, 2012
Slide 1: Deutsche Bank Global Automotive Industry Conference
Exhibit 99.1 Visteon Corporation Deutsche January 11, Bank 2012Global Automotive Industry Conference
Slide 2: Visteon Overview: Leading Global Automotive Supplier
Visteon Leading to Product Climate HVAC Compressors Fluid Audio Electronics Driver Cockpit Interiors Instrument Front Lighting AFS Page Please capitalize Projectors 2Transport / /see Information (1) Rear Systems Infotainment Overview Group 2011E Modules global important Estimated Panels Lighting on
Slide 3: 2011 Highlights: Solid Operational Performance
2011 3Highlights Solid Operational Page Please Awarded expansions Improved fittingPerformance (Climate) seemore quality important in Morocco, than Made byin$1 more disclosures Turbulent significant billion Russia, thanin35 Year China, regarding new senior percent business India management Earned “Fo
Slide 4: 2011 Highlights: Asset Optimization and Financial Performance
2011 4Highlights Asset Financial Solid Page Please Re-listed Added Increased Maintained Committed Completed Performance Optimization see to on Russell margins important sale to strongest NYSE fund of (cont’d) 1000® portion expected in 2012 on disclosures balance Turbulent January and Index offor inv
Slide 5: Product Line Strengths: Climate, Electronics, Interiors, Lighting
Product Visteon Climate Electric drives materials High platform capabilities weight full emerging product efficiency, new of Visteon Vehicles Technologies Electronics –features market welded supports function, with line Market fully offering aand Growing reinforcements efficiency technology An Inter
Slide 6: New Business Awarded
New Business Awarded Page Please Conquest Added technologies Electronics North European Lighting 6American see toRe-established More Asian business OE important North –Wins than new OE OE American for supplier $1 awarded relationship disclosures high-volume Billion as strategic OE panel, global incr
Slide 7: Approximately 32,000 Employees Globally
Approximately Page Global Excludes 13,782 Europe E. Asia 9,570 S. 2,307 N. 6,224 Mexico America Europe America Pacific 7employees Note: Headcount employees 4,245 Headcount 6,959 As U.S. 32,000 of W.September /Europe Canada Related Salary, 6,823 1,979 toHourly 30, Non-Consolidated 2011. andIncludes A
Slide 8: Low-Cost Workforce Footprint Progression
Low-Cost U.S. 9% E. 24% US Salary Global % Hourly 70% 2005 of Europe /W. Asia & Canada 75% Total Salary Hourly 2009 Headcount Europe Headcount Canada Workforce Headcount ROWPacific 54% Footprint 72% Current 66% 75% / Progression ROW Mexico S. 28% 34% 27% America 25% 5,562 23,081 Mix 17,519 W.21% Glo
Slide 9: Yanfeng Visteon Business Breakdown
Yanfeng 50 approximately Sales By Exterior 5% SVW 23% Seating Export Huayu “100%” FV Direct VC (1) /Customer YFV Business 3% Effective Please Page 50 45% 9Breakdown Interiors Varied Visteon joint 1% 11 6% see60% Safety Visteon YFJC 8% operating 38% venture Structure “50%” 50% By 40% DF 29,000 Other
Slide 10: Proposed Sale of Majority of Interiors Business to YFV
Proposed Would – On Page Please Ability Visteon Realignment Enhances Creates Provides November 10see broaden create to Sale ability retains important cost, serve global second 30, of ofand timing to 50% Interiors more Visteon 2011, manufacturing serve strengthen disclosures largest ownership than an
Slide 11: Preliminary 2011 Financial Performance and 2012 Outlook
Preliminary 2011 Financial Performance and 2012 Outlook
Slide 12: Pension Funding Initiatives
Pension Defined Effective Return Visteon – U.S. 2012 For Page Will Following $60 2013, Pension 12 requirements million offset of contributed Liability Benefit December PBGC approximately return the Plan to Pension fund plan’s Deposit Initiatives Share Funding fully of$70 approximately 31, 2012 funds
Slide 13: Sales Breakdown
Please Page Sales Product Lighting Climate Interiors S. Region Asia Europe Hyundai $6.188 Including Customer Other Mazda Ford $8.991 America 42% Renault 13 Breakdown 21% Hyundai see 3% Billion 36% Group 48% 29% /6% Non-Consolidated Kia important PSA 6% Electronics / Mazda Nissan /N. 4% Kia –America
Slide 14: Targeting Financial Improvement vs. Auto Supplier Peers
Targeting Page Source: Please Visteon Adjusted 10.1% 10.9%10.7% 15.0%14.1% 7.2% v SG&A 6.7% 9.0% 10.3% 5.9% 3.1% 4.8% n Capex 4.2% 5.1% 5.4% 5.8% 3.4% 3.7% 2.3% 2.7% 3.2% on 2.2% Debt 4.2x 2.1x 1.8x 0.9x 1.3x 1.7x Av 0.1x 0.7x Av gAv gn0.9x 3.3x 2.1x 1.9x gVisteon /14 A 7.1% 7.5% 6.1% 5.4% 3.3% 4.6%
Slide 15: 2012 Key Assumptions
Page Please Production 2012 Other Currency Key Free – Visteon Euro: S. Includes Reflects Korean exchange cash 15 Assumptions volumes see $1.30 key flow pension important approximately Volumes Won: /customers in rate assumptions € line vs. KRW contributions assumptions $1.40 disclosures with1,125 lar
Slide 16: Solid 2012 Production Volumes
Solid 16 Page Please Production 2012 North China Asia Sub-total South Total % 76.5 Growth America 17.3 see Ex. Source: 36.8 81.1 important Volumes 18.8 Honda Forecasted 41.1 13.0 4.4 6.0% 8.5% IHS4.6 (Units 11.2% 13.8 –disclosures Automotive, 3.4% 8.5% 2011 7.1% 5.9% inin 9.0% 2012 South vs. 4.3% Mi
Slide 17: OEM 2012 Production Volumes
OEM IHS Please 2012 (Units North Ford 13.0 All PageOther forecasts (3.4) 2.7 17 B/(W) Production America in see Source: 2.7 Millions) 3.9 Sub-Total important 2.1% 4.1 some IHS 7.5 Volumes Honda 2011E OEs 20.1 disclosures Sub-Total Automotive, to19.1 1.1 2012E –grow 2011 1.4 (4.9%) 4.4 regarding at 3
Slide 18: Strong Backlog Continues to Drive Growth
Strong Page Please Visteon $300 $600 $1,000 Backlog Lighting Climate S. America Asia Europe America 48% 18 $100 see Product 28% defines 85% Breakdown 16% Electronics important Backlog 8% N. /backlog Technology 2012 3% disclosures as 3% 2013 new Interiors Portfolio 2014 incremental regarding 9% Conti
Slide 19: 2012 Product Sales and Adjusted EBITDA Walk
Page 19 Please 2012 Product $8.1B 2011 Adjusted $670M Duck Midpoint Full-Year Currency $7.3B see $670M Sales EBITDA important $7.2B 2012 $640M Guidance VolumeMidpoint disclosures / Div Walk/ Net regarding New Net Pricing “Forward Yang/ Yang Mix Looking Closures Mix Closures Information” Business Bus
Slide 20: Full-Year 2012 Guidance
Page 20 Please Full-Year 2011 Other Payments Pension Capital Guidance Selected see Spending Funding Guidance ~important $80Items: 2012 M(in ~ ~$265 Excess disclosures Guidance $100 2011 MM Guidance ~of$250 Expense) Product regarding M2012 Sales ~ $50 “Forward Guidance $8.0 M ~B—$8.2 $10 Looking Depr
Slide 21: Adjusted EBITDA Margin Discussion
2012 Adjusted For First Second Projecting Page Please 1st New Material Manufacturing Other Half 2012, half Business 21 Adjusted vs. Cost see half vs. Savings 2011 EBITDA margins we Adjusted important Efficiencies 2nd margins project Wins EBITDA Savings Half Procurement tomargins Discussion EBITDA La
Slide 22: Key Initiatives
Key Initiatives Asset Focused Page Please 22 Optimization seeonimportant Continued Margin disclosures Strategy Improvement of regarding Optimizing Free “Forward Visteon’s Cash Flow Looking Business NewInformation” Business Portfolio Wins to Maximize / Backlog Shareholder Value
Slide 23: Use of Non-GAAP Financial Information
Use of Throughout flow taxes certain management debt Management vary forecasting cash titled requirements Page and significantly flows represents 23 and measures Non-GAAP non-recurring does depreciation from inthis compensation such believes future not of cash presentation, operating in reflect othe
Slide 24: Reconciliation of Non-GAAP Financial Information
Reconciliation The the other Page Interest 100 assets Adjusted 3rd Cash Capital Freeimpact Quarter 115 Company Cash 24 provided non-operating 25———- expenditures expense, 115 EBITDA Flow ofYTD Loss asset defines from of$106 net FY Non-GAAP on impairments, $476 gains Operating 160 (117) debt 2011 ($1
Slide 25: 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 25 post-employment acceptable customers should including inbut or our or disruptions exchange firm not but dispositions be ou
Slide 26: www.visteon.com
www.visteon.com
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