Slide 1: Visteon Q1 2026 Earnings
Visteon Q1 2026 Earnings April 23, 2026
Slide 2: Q1 2026 in Review
Q1 2026 in Review Solid start to the year with sales coming in above expectations Net Sales Adjusted EBITDA Adjusted FCF $954 Million $104 Million ($23) Million +3% Growth-over-Market* 10.9% Margin $385 Million Net Cash NEW LAUNCHES NEW BUSINESS HIGH PERFORMANCE DISCIPLINED CAPITAL DRIVING GROWTH WI
Slide 3: Q1 2026 Sales Highlights
Q1 2026 Sales Highlights Solid start to the year driven by stable global customer demand Q1 2026 Visteon Sales by Region Regional Drivers (Dollars in millions) Q1 2025 Americas Q1 2026 • Growth from recent display launches and one-time recoveries $348 • Headwinds, as expected, from BMS and Ford disc
Slide 4: Q1 2026 New Product Launches
Q1 2026 New Product Launches Execution on high-impact launches supporting OEM strategies and growth Q1 2026 Launch Highlights Key Q1 2026 Model Launches Strong Launch Execution ICE, Hybrid, & EV ICE Vehicle Electric Vehicle 20 launches across 11 customers on key platforms Positioned on Key OEM Progr
Slide 5: Q1 2026 New Business Wins
Q1 2026 New Business Wins $1 billion of new business wins led by cockpit domain controllers and digital clusters Q1 NBWs by Product Q1 NBW Highlights Electrification SmartCore HPC & Other Displays Cockpit domain controller enabling edge AI for domestic Chinese OEM 3% 3% SmartCore Cockpit domain cont
Slide 6: High-Performance Compute (HPC) Systems for Cockpit AI
High-Performance Compute (HPC) Systems for Cockpit AI Transforming car into proactive smart assistant China Market Fast Growing “Premium Industry Leading Visteon Segmentation Tech” Segment Solutions for Cockpit AI Top 3 OEMs Ultra Luxury (~1-2%) Huawei Maextro, BMW 7, Maybach 500K+ RMB Tech-first br
Slide 7: Market and Visteon Outlook
Market and Visteon Outlook Robust launch performance helps offset market headwinds vs. guidance Production Memory Visteon Environment Supply Performance S&P outlook reduced Memory supply Q1 customer 1.5% vs January for the remains tight; demand and full year with majority of onboarding new launches
Slide 8: Visteon Q1 Financial Results
Visteon Q1 Financial Results April 23, 2026
Slide 9: Q1 2026 Financial Review
Q1 2026 Financial Review Sales ahead of expectations; semiconductor cost recovery negotiations progressing Sales Margin Cash Flow Capital Balance Drivers Performance Generation Allocation Sheet Net Sales Adj. EBITDA Adj. FCF Shareholder Returns Net Cash $954 Million 10.9% Margin ($23) Million $40 Mi
Slide 10: Q1 2026 Sales & EBITDA Performance
Q1 2026 Sales & EBITDA Performance Launch-supported sales growth, with margins impacted by cost timing and recoveries (Dollars in millions) Key Performance Drivers Sales Adjusted EBITDA +$20 (290) bps Customer Production Customer production down 4% in the quarter $934 $954 $129 New Product Launches
Slide 11: Q1 2026 Cash Flow and Capital Allocation
Q1 2026 Cash Flow and Capital Allocation Cash outflow driven by inventory-related working capital increase Q1 Q1 (Dollars in millions) 2025 2026 Cash Adjusted EBITDA $129 $104 $682M Provides flexibility and supports capital allocation Trade Working Capital 7 (33) Cash Taxes (28) (25) Net Cash $385M
Slide 12: Reaffirming Full-Year 2026 Guidance
Reaffirming Full-Year 2026 Guidance Strong start to the year offsetting incremental market headwinds Unchanged Key Assumptions Demand Resilience $3.625B – $3.825B Strong customer demand in the first half of the year offsetting lower LSD Growth-over-Market* second half production outlook vs. original
Slide 13: Save the Date 2026 Investor Day
Save the Date 2026 Investor Day June 25, 2026 Nasdaq MarketSite New York, NY investor@visteon.com
Slide 14: Earnings Q&A
Earnings Q&A April 23, 2026
Slide 15: Appendix
Appendix April 23, 2026
Slide 16: 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 17: 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 18: 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. 2025 2026 (Dollars in millions) Q1 Q2 Q3 Q4
Slide 19: 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 20: 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 21: 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 22: Reconciliation of Non-GAAP Financial Information (cont'd)
Reconciliation of Non-GAAP Financial Information (cont’d) Adjusted EBITDA Build-up (Dollars in millions) 2025 2026 Q1 Q2 Q3 Q4 Full Year Q1 Sales $934 $969 $917 $948 $3,768 $954 Gross margin $138 $141 $131 $122 $532 $113 Intangibles amortization — 1 1 2 4 1 Stock-based compensation expense 5 5 4 4 1
Slide 23: Net Engineering
Net Engineering 2025 2026 (Dollars in millions) Q1 Q2 Q3 Q4 Full Year Q1 Engineering costs, gross (80) (88) (90) (106) (364) (94) Recoveries 28 36 32 48 144 37 Engineering costs, net ($52) ($52) ($58) ($58) ($220) ($57) 23
Slide 24: Financial Results – U.S. GAAP
Financial Results – U.S. GAAP 2025 2026 (Dollars in millions, except per share data) Q1 Q2 Q3 Q4 Full Year Q1 Income Statement Sales $934 $969 $917 $948 $3,768 $954 Gross margin $138 $141 $131 $122 $532 $113 SG&A $47 $48 $53 $54 $202 $54 Net income / (loss) attributable to Visteon* $67 $71 ($11) $74