Visteon (VC) 2025 Conference June 12, 2025 09:00 AM ET Speaker0 Good morning, everyone. My name is Edison Yu. I lead the US Auto's Equity Research here. We have the pleasure of welcoming Visteon, Jerome Roquet, CFO to the conference. Just to provide a little bit of context, Visteon is a global leading tier one supplier of vehicle cockpit solutions ranging from instrument clusters to displays to main controllers. For those of you who are not as familiar, Visteon generated nearly $3,900,000,000 in sales last ...

Investors in Visteon Corporation (VC) need to pay close attention to the stock based on moves in the options market lately. That is because the June 20, 2025 $50.00 Call had some of the highest implied volatility of all equity options today.What is Implied Volatility?Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could al ...

VAN BUREN TOWNSHIP, Mich., May 19, 2025 /PRNewswire/ -- Visteon Corporation (NASDAQ: VC) announced today that it is scheduled to participate in the following upcoming investor events in the second quarter of 2025:  BNP 3rd Annual Global EV & Mobility Conference, Hong Kong – May 19, 2025 Wells Fargo 2025 Industrials & Materials Conference, Chicago, IL – June 10, 2025 Deutsche Bank Global Auto Industry Conference, New York City, NY – June 12, 2025Please note that event participation and specific dates are sub ...

Core Viewpoint - Visteon Corporation and Qualcomm Technologies have announced a technology collaboration to develop a high-performance cockpit system that leverages AI-driven insights to enhance in-vehicle interactions and create a more intelligent cockpit experience [1][2][8] Company Overview - Visteon Corporation is focused on advancing mobility through innovative technology solutions, aiming for a software-defined future with a product portfolio that includes digital cockpit innovations and AI-enhanced software solutions [8][9] - In 2024, Visteon recorded annual sales of approximately $3.87 billion and secured $6.1 billion in new business [9] Technology Collaboration - The collaboration aims to integrate Visteon's cognitoAI framework with Qualcomm's Snapdragon Cockpit Elite Platform, featuring a hybrid multimodal AI architecture that utilizes speech, camera inputs, and vehicle data for context-aware interactions [3][4][5] - The Snapdragon Cockpit Elite Platform includes advanced components such as the Qualcomm Oryon CPU, Hexagon NPU for multimodal AI, and Adreno GPU, designed to support rich multimedia features and automotive safety standards [4][6] AI Capabilities - Visteon's cognitoAI is designed to create an immersive in-cabin experience by integrating vehicle knowledge and ECU data, enabling real-time decision-making and next-generation human-machine interface (HMI) interactions [5][8] - The AI solution is optimized for edge inference, allowing it to handle complex tasks like predictive recommendations and environmental awareness efficiently [3][5] Industry Impact - The collaboration is expected to set a new standard for automotive technology, driving innovation in the industry and enhancing the overall user experience in vehicles [2][6]

Visteon Corporation (NASDAQ:VC) Q1 2025 Earnings Conference Call April 24, 2025 9:00 AM ET Company Participants Kris Doyle - Vice President, Investor Relations Sachin Lawande - President & Chief Executive Officer Jerome Rouquet - Senior Vice President & Chief Financial Officer Conference Call Participants Mark Delaney - Goldman Sachs Dan Levy - Barclays Joe Spak - UBS Emmanuel Rosner - Wolfe Research Colin Langan - Wells Fargo Bank Itay Michaeli - TD Cowen Luke Junk - Baird Tom Narayan - RBC Ron Jewsikow - ...

Visteon (VC) Q1 2025 Earnings Call April 24, 2025 09:00 AM ET Company Participants Kristopher Doyle - VP, IR and FP&ASachin Lawande - President and Chief Executive OfficerJerome Rouquet - SVP & CFOJoseph Spak - Managing DirectorRonald Jewsikow - Director Conference Call Participants Mark Delaney - AnalystDan Levy - Senior Equity Research AnalystEmmanuel Rosner - Managing Director - Senior Autos & Auto Technology AnalystColin Langan - Automotive & Mobility AnalystItay Michaeli - Equity AnalystLuke Junk - Sen ...

Financial Performance - Net sales for Q1 2025 were $934 million, slightly up from $933 million in Q1 2024, indicating a growth of 0.1%[11] - Gross margin increased to $138 million in Q1 2025, compared to $119 million in Q1 2024, reflecting a growth of 15.9%[11] - Net income attributable to Visteon Corporation rose to $65 million in Q1 2025, up from $42 million in Q1 2024, representing a growth of 54.8%[11] - Basic earnings per share increased to $2.39 in Q1 2025, compared to $1.52 in Q1 2024, marking a growth of 57.2%[11] - Adjusted EBITDA reached $129 million, representing a $27 million increase from $102 million in the prior year[131] Assets and Liabilities - Total assets as of March 31, 2025, were $2,997 million, up from $2,862 million as of December 31, 2024, reflecting an increase of 4.7%[13] - Total liabilities increased to $1,600 million as of March 31, 2025, from $1,572 million as of December 31, 2024, indicating a rise of 1.8%[13] - Total stockholders' equity increased to $1,313 million as of March 31, 2025, from $1,229 million as of December 31, 2024, representing a growth of 6.8%[13] - The Company's total debt as of March 31, 2025, is $315 million, which includes $18 million in short-term debt and $297 million in long-term debt[55] Cash Flow and Investments - The company reported net cash provided from operating activities of $70 million for Q1 2025, compared to $69 million in Q1 2024, a slight increase of 1.4%[15] - Cash and equivalents at the end of Q1 2025 were $655 million, compared to $623 million at the end of Q4 2024, showing an increase of 5.1%[13] - Net cash used by investing activities was $33 million for the three months ended March 31, 2025, a decrease of $4 million compared to the same period in 2024, primarily due to reduced capital expenditures[144] - The company spent a net cash outlay of $54 million on inorganic growth during the year ended December 31, 2024, acquiring an advanced design and R&D services firm and a software firm[109] Shareholder Actions - The Company repurchased 74,334 shares at an average price of $88.04 during the three months ended March 31, 2025, as part of a $300 million share repurchase program[75] - Visteon has a $300 million share repurchase program, with $176 million of common stock repurchased under this program as of March 2025[109] - The Company has authorized a share repurchase program of $300 million through December 31, 2026, having purchased 1,505,379 shares at an average price of $116.86 as of March 31, 2025[141] Operational Highlights - The company recorded no restructuring expense for the three months ended March 31, 2025, compared to $2 million for the same period in 2024[45] - Selling, general, and administrative expenses decreased to $47 million in Q1 2025 from $52 million in Q1 2024, attributed to lower bad debt and employee expenses[122] - The company anticipates completing current restructuring activities by the end of 2026, with a reserve balance of $26 million as of March 31, 2025[47] Acquisitions and Fair Value - Visteon acquired a German advanced design and R&D services company for cash of $54 million, with contingent consideration of up to $13 million based on performance milestones[31] - As of March 31, 2025, the total fair value of the German Acquisition was $62 million, with $34 million allocated to goodwill[32] - Goodwill decreased from $81 million on December 31, 2024, to $80 million on March 31, 2025, due to acquisition fair value adjustments[51] Tax and Compliance - The Company recorded a provision for income tax of $28 million for the three-month period ended March 31, 2025, reflecting an increase in the effective tax rate due to pretax losses in certain jurisdictions[68] - The provision for income taxes increased to $28 million in Q1 2025, up from $19 million in Q1 2024, primarily due to higher net income[127] - The certifications of the Chief Executive Officer and Chief Financial Officer were dated April 24, 2025, indicating compliance with regulatory requirements[172] Market and Economic Factors - The company’s customer vehicle production is anticipated to decline by a high-single-digit percentage in 2025 due to tariffs impacting the automotive industry[115] - The Company maintained accruals of $6 million for claims aggregating $44 million in Brazil as of March 31, 2025[91] Miscellaneous - The Company has committed to a $20 million investment in multiple entities focused on the automotive sector, with $13 million contributed as of March 31, 2025[42] - The Company estimates total cash contributions related to its U.S. and non-U.S. defined benefit pension plans will be $4 million and $5 million, respectively, during 2025[137] - The Company has no outstanding borrowings on the Revolving Credit Facility as of March 31, 2025[58]

Financial Performance - Visteon reported net sales of $934 million in Q1 2025, a slight increase from $933 million in Q1 2024, achieving a 10% outperformance relative to customer vehicle production[2][3] - Gross margin for the first quarter was $138 million, with net income attributable to Visteon at $65 million, or $2.36 per diluted share[3][16] - Comprehensive income attributable to Visteon Corporation was $84 million in Q1 2025, compared to $28 million in Q1 2024[16] - Visteon Corporation reported a net income of $65 million for the three months ended March 31, 2025, compared to $42 million in the same period of 2024, representing a 55% increase[22] - Adjusted EBITDA for Visteon was $129 million for Q1 2025, up from $102 million in Q1 2024, reflecting a 26.5% growth[22] - Diluted earnings per share rose to $2.36 in Q1 2025 from $1.50 in Q1 2024, indicating a 57.3% increase[26] - Adjusted net income for Visteon was $66 million in Q1 2025, compared to $45 million in Q1 2024, which is a 46.7% increase[26] Cash Flow and Financial Position - Cash from operations was $70 million, with adjusted free cash flow of $38 million, ending the quarter with cash of $658 million and debt of $315 million, resulting in a net cash position of $343 million[4][7] - Free cash flow increased to $35 million in Q1 2025 from $32 million in Q1 2024, marking a 9.4% rise[24] - Adjusted free cash flow also saw an increase, reaching $38 million in Q1 2025 compared to $34 million in Q1 2024, a growth of 11.8%[24] - Cash provided from operating activities was $70 million in Q1 2025, slightly up from $69 million in Q1 2024[24] - The company reported a net cash increase of $32 million in Q1 2025, compared to a decrease of $11 million in Q1 2024[20] - Visteon’s cash, equivalents, and restricted cash at the end of the period stood at $658 million, up from $507 million at the end of Q1 2024[20] Business Development and Operations - Visteon secured $1.9 billion in new business in Q1 2025, including significant wins with OEMs in Asia and the two-wheeler market[5][8] - The company launched 16 new products in Q1 2025, focusing on digital cockpit products and electrification technologies for hybrid and EV models[6][8] Market Outlook - The automotive industry outlook has become uncertain due to evolving tariff dynamics, leading Visteon to not reaffirm full-year 2025 guidance[8][12] Balance Sheet - Total assets as of March 31, 2025, were $2.997 billion, an increase from $2.862 billion at the end of 2024[18] - Total liabilities and equity as of March 31, 2025, were $2.997 billion, reflecting a healthy balance sheet with total stockholders' equity of $1.313 billion[18] Capital Expenditures - Capital expenditures, including intangibles, decreased to $35 million in Q1 2025 from $37 million in Q1 2024[24]

Core Insights - Visteon Corporation reported first quarter net sales of $934 million, a slight increase from $933 million year-over-year, achieving a 10% outperformance relative to customer vehicle production despite a declining production environment [1][7][27] - The company secured $1.9 billion in new business during the first quarter, including significant wins with OEMs in Asia and the two-wheeler market, indicating strong alignment with industry trends [4][6] - Visteon launched 16 new products in the first quarter, primarily focused on digital cockpit products and electrification technologies, showcasing its commitment to innovation [5][6] Financial Performance - Gross margin for the first quarter was $138 million, with net income attributable to Visteon at $65 million or $2.36 per diluted share [2][26] - Adjusted EBITDA for the quarter was $129 million, reflecting operational execution and cost discipline [2][20] - Cash from operations was $70 million, with capital expenditures of $35 million, resulting in adjusted free cash flow of $38 million [3][23] Balance Sheet and Cash Flow - At the end of the first quarter, Visteon had cash of $658 million and debt of $315 million, resulting in a net cash position of $343 million [3][15] - The company’s total assets were reported at $2.997 billion, with total liabilities of $1.600 billion, indicating a healthy balance sheet [15][17] Market Position and Strategy - Visteon's product portfolio includes advanced digital cockpit innovations and integrated EV architecture solutions, positioning the company well for future growth in the automotive industry [6][8] - The company is navigating uncertainties in the automotive industry related to tariffs and production volumes, and has not reaffirmed its full-year 2025 guidance due to these factors [6][8]

Core Insights - TuneIn has partnered with Visteon to integrate its extensive audio content into Visteon's automotive app library, enhancing the in-vehicle experience for drivers [1][3][4] Company Overview - TuneIn is the leading platform for live audio, offering over 100,000 radio stations, millions of podcasts, and 100,000 audiobooks, accessible 24/7 through Visteon's app library [2][6] - Visteon specializes in automotive cockpit electronics and is focused on advancing software-defined mobility through innovative solutions, including a connected services platform for in-vehicle applications [3][7] Partnership Details - The partnership will initially launch in select regions, with plans for broader rollout across additional vehicles and countries, particularly in India and the APAC region [1][3] - This collaboration aims to provide drivers with seamless access to a diverse range of audio content, enhancing their entertainment options while driving [4][6] Market Position - TuneIn boasts over 75 million monthly active users and is available on more than 200 connected devices and automotive brands, including Tesla and Rivian [5][6] - Visteon reported annual sales of approximately $3.87 billion in 2024 and secured $6.1 billion in new business, indicating strong market presence and growth potential [7]