Autoliv, Inc. · NYSE:ALV
Autoliv — Investor Day (November 2021)
16 slides from Autoliv's investor day presentation, Nov 16, 2021
Slide 1: Capital Markets Day, November 16, 2021
November 16, 2021 2021-11-16 CMD 2021 Copyright Autoliv Inc., All Rights Reserved Public
Slide 2: Safe Harbor Statement
Safe Harbor Statement* This presentation contains statements that are not historical facts but rather forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward- looking statements include those that address activities, events or developments
Slide 3: Strong Starting Point
Strong Starting Point Organic sales* growth vs. LVP growth Cash Conversion** Net Debt*/ EBITDA* pp x 9 300% 3.0 8 7 250% 2.5 6 200% 2.0 5 4 150% 1.5 1.1x 3 1.0 Target: 1.0x 100% 2 50% 0.5 1 0 0% 0.0 2019 2020 F2021 2019 2020 LTM Q3'21 Q1'19 Q1´20 Q1´21 (*) Non-US GAAP measure (**) Non-US GAAP measur
Slide 4: Substantial Market headwinds since CMD 2019
Substantial Market headwinds since CMD 2019 Light Vehicle Production Outlook Steel price development Our MillionLVP unitsAssumption at CMD 2019 vs $/ton current IHS projections CMD 2019 2,000 IHS Oct'21 1,800 100 1,600 95 1,400 90 1,200 1,000 85 800 80 600 75 400 70 200 65 0 2006 2007 2008 2009 2010
Slide 5: Autoliv sales vs. LVP development
Autoliv sales vs. LVP* development 1.00 LVP 0.95 ALV Sales Index (2019 =1) 0.90 0.85 0.80 0.75 2019 F2021 2021-11-16 CMD 2021 Copyright Autoliv Inc., All Rights Reserved Public
Slide 6: Operating Margin Income Bridge
Operating Margin Income* Bridge F2019 vs. FY2021 indication ~-100 bps ~300 bps positive effects from: 9.1% +300 bps Market share gains, CPV growth, structural efficient ~8% programs, strategic initiatives and other cost reduction activities -300bps Partly offset by volatile call-offs -100bps (*) Non
Slide 7: Strong CPV growth expected
Strong CPV growth expected Annual average growth 2022-2024 by market 4% 0% Growth Developed Total Airbags Seatbelts Steering Wheels Total Date Presentation Name Copyright Autoliv Inc., All Rights Reserved Public
Slide 8: Updated Target
Updated Target 2021-11-16 CMD 2021 Copyright Autoliv Inc., All Rights Reserved Public
Slide 9: Our approach to Sustainability
Our approach to Sustainability 2021-11-16 CMD 2021 Copyright Autoliv Inc., All Rights Reserved Public
Slide 10: Sustainability: Climate Action & Targets Focus
Sustainability: Climate Action & Targets Focus UN Sustainable Development Goals 2021-11-16 CMD 2021 Copyright Autoliv Inc., All Rights Reserved Public
Slide 11: Autoliv Key Targets 2021: Growth
Autoliv Key Targets 2021: Growth 2022- 2024 Average Annual ▪ Market share gains Organic Growth ▪ Content per Vehicle LVP +~4% Long-Term (beyond Average Annual ▪ Content per Vehicle 2024) Organic Growth ▪ Mobility Safety Solutions ▪ Light Vehicle Production 4-6% 2021-11-16 CMD 2021 Copyright Autoliv
Slide 12: Autoliv Key Targets & Ambition 2021: Profitability
Autoliv Key Targets & Ambition 2021: Profitability No later than 2024 Adjusted Operating ▪ Stabilized GLVP >85 million Margin* Target ▪ RM headwind at FY2021 impact ~12% ▪ Strategic initiatives Long-Term (beyond Adjusted Operating 2024) Margin* Ambition ▪ Strategic initiatives ▪ Stability in market
Slide 13: Autoliv Key Targets 2021: Capital Efficiency and Balance Sheet
Autoliv Key Targets 2021: Capital Efficiency and Balance Sheet Over time Cash Conversion* ≥80% Over time Leverage Ratio** ~1.0x (0.5-1.5x Range) (*) Non-US GAAP measure. Defined as operating cash flow less capital expenditure, net in relation to net income (**) Non-US GAAP measure, Leverage Ratio an
Slide 14: Capital Efficiency Program
Capital Efficiency Program Receivables ~$800 M Inventories Working capital Payables release 2021-11-16 CMD 2021 Copyright Autoliv Inc., All Rights Reserved Public
Slide 15: Shareholder Returns
Shareholder Returns Strong Balance Progression Cash Flow Shareholder Returns Sheet Towards targets Operating cash flow Despite debt from spin-off Attractive dividend & > $1bn/year and two years of market & Capital Efficiency Program & turbulence: Net Buybacks of up to $1.5bn Debt*/EBITDA ~1.1x FCF**
Slide 16: CMD 2021 Copyright Autoliv Inc., All Rights Reserved Public
2021-11-16 CMD 2021 Copyright Autoliv Inc., All Rights Reserved Public