Visteon Corporation · NASDAQ:VC
Visteon — Q3 2026 Earnings Presentation
25 slides from Visteon's earnings presentation, Oct 22, 2026
Slide 1: Visteon Q3 2026 Earnings
Visteon Q3 2026 Earnings October 22, 2026
Slide 2: Q3 2026 in Review
Q3 2026 in Review Delivered robust growth-over-market driven by strong launch execution Sales Adj. EBITDA Adj. FCF $970 Million $46 Million ($1) Million Includes $77 Million of +10% Growth-over-Market(1) $136 Million Net Cash Exceptional Warranty Charges STRONG DEMAND INDUSTRY-FIRST MOMENTUM FOR NEX
Slide 3: Q3 2026 Sales Highlights
Q3 2026 Sales Highlights Double-digit outperformance in Europe and Rest of Asia drove strong y/y sales growth Q3 2026 Visteon Sales by Region Regional Drivers (Dollars in millions) Q3 2025 • Decline driven by lower GM battery management system sales Q3 2026 Americas $348 $343 • Multi-display program
Slide 4: Q3 2026 New Product Launches
Q3 2026 New Product Launches Launch cadence setting the stage for strong sales performance Key Q3 2026 Model Launches In the Spotlight Launched industry-first High Performance Compute cockpit domain controller in China Audi A3 BMW i3 Chery Freelander 8 Multi-Display & Cluster Module Cockpit Domain C
Slide 5: Q3 2026 New Business Wins
Q3 2026 New Business Wins Continued momentum with key growth customers driven by display and SmartCore wins YTD New Business Wins New Business Win Highlights Driver Displays Multiple driver display awards with luxury SmartCore & Japanese OEM brand for Japan and China markets 30% Infotainment(1) Disp
Slide 6: Q4 2026 Outlook
Q4 2026 Outlook Expecting robust outperformance while navigating supply constraints Key Considerations for Rest of Year Key Initiatives to Address Supply Constraints Strong Demand for Visteon Products Supply Agreements Demand for Visteon digital cockpit products remains Entered into strategic supply
Slide 7: Q3 2026 Summary
Q3 2026 Summary Double-Digit Market Outperformance Delivered 10% growth-over-market driven by ramp up of product launches Commercial and Operational Discipline Significant progress on memory-related recovery agreements continued in the quarter Supplier Inflation on Purchased Components Inflation and
Slide 8: Visteon Q3 Financial Results
Visteon Q3 Financial Results October 22, 2026
Slide 9: Q3 2026 Financial Review
Q3 2026 Financial Review Delivered double-digit growth-over-market while returning significant capital to shareholders Sales Margin Cash Flow Capital Balance Drivers Performance Generation Allocation Sheet Sales Adj. EBITDA Adj. FCF Capital Deployed Net Cash $970 Million 4.7% Margin ($1) Million $20
Slide 10: Q3 2026 Sales & EBITDA Performance
Q3 2026 Sales & EBITDA Performance Strong sales growth and margin performance excluding exceptional warranty charges (Dollars in millions) Key Performance Drivers Sales Adj. EBITDA +$53 ($73) Customer Production Customer-weighted production declined 5%, with most notable decline in China $970 $917 $
Slide 11: YTD 2026 Cash Flow
YTD 2026 Cash Flow Cash generation impacted by lower EBITDA and working capital headwinds Y/Y Key Drivers YTD YTD (Dollars in millions) 2025 2026 Lower EBITDA Impacted by exceptional warranty charges in Q3, Adj. EBITDA $382 $266 timing of recoveries, and non-recurring items Trade Working Capital 36
Slide 12: Full Year 2026 Outlook
Full Year 2026 Outlook Raising sales guidance while lowering Adj. EBITDA guidance due to exceptional warranty charges Sales Adj. EBITDA Adj. FCF $3.80B - $3.85B $370M - $410M $90M - $130M 10.2% Margin MSD Growth-over-Market ~28% Conversion Includes $77 Million of Exceptional Warranty Charges • Raisi
Slide 13: 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 Leader in digital cockpit Industry leader in AI-enabled Optimizing spend through Stro
Slide 14: Earnings Q&A
Earnings Q&A October 22, 2026
Slide 15: Appendix
Appendix October 22, 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 Q2 Q3 YTD Sales $934 $969 $917 $948 $3,768 $954 $960 $970 $2,884 Gross margin $138 $141 $131 $122 $532 $113 $118 $47 $278 Intangibles amortization — 1 1 2 4 1 1
Slide 23: Net Engineering
Net Engineering 2025 2026 (Dollars in millions) Q1 Q2 Q3 Q4 Full Year Q1 Q2 Q3 YTD Engineering costs, gross (80) (88) (90) (106) (364) (94) (97) (83) (274) Recoveries 28 36 32 48 144 37 35 28 100 Engineering costs, net ($52) ($52) ($58) ($58) ($220) ($57) ($62) ($55) ($174) 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 Q2 Q3 YTD Income Statement Sales $934 $969 $917 $948 $3,768 $954 $960 $970 $2,884 Gross margin $138 $141 $131 $122 $532 $113 $118 $47 $278 SG&A $47 $48 $53 $54 $202 $54 $46 $46 $146 Net inco
Slide 25: Visteon
Visteon