Download - Visteon Citi Car of the Future Symposium
Citi Car of the Future Symposium
Martin Thall
President, Visteon Electronics
1. Visteon Company Profile
2. Visteon’s Core Products
1. LightScape™ Driver Information
2. OpenAir™ Audio, Infotainment & Connectivity
3. SmartCore™ Intelligent Domain Controllers
3. Innovation and Collaboration
4. Q & A
Agenda
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Visteon Company Profile
Today’s Visteon Electronics
$3B Consolidated
Sales (1)
> 10,000 Employees
14 of 15 Major vehicle
manufacturers
47 Total
Locations
22 Customer
Centers
25 Manufacturing
Facilities
21 Operating
Countries
Connected vehicle
solutions that are
designed to adapt
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$295M-
$310M
Consolidated
Adjusted
EBITDA (1)
(1) Represents full-year 2015 Guidance for Visteon’s Electronics product group.
Please see important disclosures regarding “Forward Looking Information“
and “Use of Non-GAAP Financial Information”
Global Footprint
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Visteon Sales Breakdown
Product
57% 27%
10%
6%
Audio &
Infotainment
Controls
Vehicle
Electronics
Instrument
Clusters &
Displays
34%
14%
9%
6%
5%
5%
5%
4%
4%
3% 12%
Ford
Renault/
Nissan
Mazda
BMW
GM/SGM
Honda
36%
32% 29%
3%
South
America
North
America
Europe
Asia
Pacific
Region Customer
Other
Diverse product, regional and customer profiles
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Business Profile
PSA
JLR
VW
Daimler
Visteon’s Guiding Principles
1. Deliver innovation to carmakers that
enhances consumers’ lives Develop and assimilate adjacent industry
innovation into automotive-grade product
2. Provide a seamless connected user
experience to enhance mobility Drive the evolution of the car as a platform for
connected services and mobility
3. Build scalable and adaptable software-
driven platforms for our customers Deliver converged and connected products that
provide leadership to our OEM customers
4. Embrace the culture of a technology
“pure play” in the automotive industry Foster a deep, collaborative technical
community that attracts the best technology
partners and OEM partnerships
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Visteon’s Core Products
Core Products
OpenAir™
Audio, Infotainment & Connectivity
LightScape™
Premium Driver Information
SmartCore™
Intelligent Domain Controllers
Connected premium audio and
infotainment products based on
open architecture, human-
machine interaction and off-
board wireless communication
Multi-device connectivity and
advanced infotainment delivers
a content rich user experience.
Performance driver
information products that set
a new benchmark in vehicle
display quality and clarity.
The range’s digital instrument
cluster supports complex 3-D
graphics and video features
such as driver awareness and
camera inputs.
Integrates multiple driver
information, infotainment and
connectivity domains on one
single hardware platform.
Extended virtualization,
flexible graphics engine and
scalable framework are core
Visteon technologies.
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Innovation and Collaboration
Innovation and Partnerships
Vehicle Connectivity
Over-the-air software updates to extend the vehicle lifecycle, reduce
warranty and service costs, and enhance the driving experience
Enabling Technologies
Foundational hardware and software technologies enabling new user experiences
Innovation
Advanced driving concepts designed for future automotive business
models and vehicle ownership preferences.
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This presentation contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not guarantees of future results and conditions but rather are subject to various factors, risks and uncertainties that could cause our actual results to differ materially from those expressed in these forward-looking statements, including, but not limited to:
Caution should be taken not to place undue reliance on our forward-looking statements, which represent our view only as of the date of this presentation, and which we assume no obligation to update. New business wins and re-wins do not represent firm orders or firm commitments from customers, but are based on various assumptions, including the timing and duration of product launches, vehicle productions levels, customer price reductions and currency exchange rates.
conditions within the automotive industry, including (i) the automotive vehicle production volumes and schedules of our customers, and in particular Ford's and Hyundai-Kia’s vehicle production volumes, (ii) the financial condition of our customers and the effects of any restructuring or reorganization plans that may be undertaken by our customers, including work stoppages at our customers, and (iii) possible disruptions in the supply of commodities to us or our customers due to financial distress, work stoppages, natural disasters or civil unrest;
our ability to satisfy future capital and liquidity requirements; including our ability to access the credit and capital markets at the times and in the amounts needed and on terms acceptable to us; our ability to comply with financial and other covenants in our credit agreements; and the continuation of acceptable supplier payment terms;
our ability to execute on our transformational plans and cost-reduction initiatives in the amounts and on the timing contemplated;
our ability to satisfy pension and other post-employment benefit obligations;
our ability to access funds generated by foreign subsidiaries and joint ventures on a timely and cost effective basis;
general economic conditions, including changes in interest rates and fuel prices; the timing and expenses related to internal restructurings, employee reductions, acquisitions or dispositions and the effect of pension and other post-employment benefit obligations;
increases in raw material and energy costs and our ability to offset or recover these costs, increases in our warranty, product liability and recall costs or the outcome of legal or regulatory proceedings to which we are or may become a party; and
those factors identified in our filings with the SEC (including our Annual Report on Form 10-K for the fiscal year ended December 31, 2014).
Forward-Looking Information
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Because not all companies use identical calculations, Adjusted EBITDA used in this
presentation may not be comparable to other similarly titled measures of other companies.
In order to provide the forward-looking non-GAAP Adjusted EBITDA measure for full-year
2015, the Company is providing a reconciliation to the most directly comparable GAAP
financial measures on the subsequent slide. The provision of the comparable GAAP
financial measures is not intended to indicate that the Company is explicitly or implicitly
providing projections on the GAAP financial measures, and actual results for such
measures are likely to vary from those presented. The reconciliation includes all information
reasonably available to the Company at the date of this presentation and the adjustments
that management can reasonably predict.
Use of Non-GAAP Financial Information
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Reconciliation of Electronics Adjusted EBITDA
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