Autoliv, Inc. · NYSE:ALV
Autoliv — JP Morgan Auto Industry Conference 2020
13 slides from Autoliv's conference presentation, Jun 22, 2020
Slide 1: Saving More Lives
Saving More Lives Henrik Kaar 22nd June, 2020 1 10 June, 2020 JP Morgan Auto Ind. Conference 2020 Copyright Autoliv Inc., All Rights Reserved Public
Slide 2: Forward-looking statements
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 that Autoliv, Inc. or it
Slide 3: COVID-19 impact and liquidity measures
▪ April virtually at a standstill in Europe and Americas ▪ Slow and volatile restart and ramp-up creates efficiency challenges ▪ Total employee related run-rate costs lowered by almost 30% in April ▪ Reducing capex YTD April by 30% compared to plan ▪ Strong Liquidity Position − Canceled dividend − S
Slide 4: Regional plant status, April sales and cost measures
18% 29% 32% 9% • ALV Plant status: Production has • ALV Plant status: Plants • ALV Plant status: All sites, • ALV Plant status: Plants running gradually recovered resuming and ramping up including Mexico fully operational at reduced capacity production in line with customer • Sales in April: Increas
Slide 5: Estimated Debt Maturities end of Q2
Estimated Debt Maturities end of Q2* % of ~$3 billion total debt • Significant liquidity cushion with $1.4 billion in ~27% in the cash April 30 next 3 years 2020 9% • Additionally, we entered into a new lending facility 2021 of ~$0.6 billion with the Swedish Export Credit after 2024 9% • No signific
Slide 6: Cost structure and operating leverage
Variable costs 2019 ▪ Direct material ▪ Direct labor ▪ Freight costs • Limited visibility, long period of virtual stand stills in large parts of the Semi-fixed costs world and the velocity of the decline ▪ Fixed Salaries, travel expenses mean the operating leverage could ▪ Consultant costs be higher
Slide 7: Health of employees, capital management, margin focus
▪ Health of our Employees − Implementing policies to protect employees − Raise awareness of well-being protocols and helpful practices ▪ Capital Management − Capital expenditures delays − Close monitoring of receivables and inventories − Tight collaboration with suppliers ▪ Margin Focus − Further al
Slide 8: Looking beyond the near-term
Looking beyond the near-term U.S. LV Sales 1950-2019 1970 1975 1980 1985 1990 1995 2000 2005 2010 2015 F202 Autoliv
Slide 9: Creating Value for Shareholders
Creating Value for Shareholders =~ — Visible Sustainable Profitability Cash Flow Short-term and Improvement and Generation Focus Strong Balance Sheet and Prudent Leverage Policy Long-Term Growth Over-the-Cycle for Shareholder vs. LVP Resilience Returns Autoliv
Slide 10: Current Crisis Management, The New Normal, Strategic Plan
Current Crisis Management Ongoing cost reduction activities to offset near-term Covid-19 effects The New Normal Adapting to new normal medium-term market Strategic Plan outlined 2019 Executing on strong order book Implementing Strategic Initiatives Stabilization of market fundamentals
Slide 11: Automation, Supply Chain, RD&E Effectiveness
▪ Automation, Digitalization & Modularization ▪ Supply Chain Management Effectiveness ▪ RD&E Effectiveness
Slide 12: Health and Safety remain top priority
▪ Health and Safety remain top priority ▪ Exceptional situation requires difficult decisions ▪ Assessing the new run rate of LVP, and continuously adjust ▪ Executing on our long-term strategies ▪ Continued flawless execution in a challenging situation 12 10 June, 2020 JP Morgan Auto Ind. Conference
Slide 13: We are all-in on taking Autoliv to the next level
We are all-in on taking Autoliv to the next level