Visteon Q4 and Full-Year 2021 Earnings February 17, 2022 Visteon Full-Year 2021 Summary | --- | --- | --- | |-------------------|----------------|-------------------------| | | | | | | | | | $2,773 Million | $228 Million | $22 Million | | 7% Y/Y Growth (1) | 8.2% Margin | $455 Million Total Cash | MARKET OUTPERFORMANCE DESPITE A CHALLENGING ENVIRONMENT BEST-IN-CLASS PRODUCT PORTFOLIO $5.1 billion in new business wins 9% GoM(2) vs. customer production CONTINUED MARKET OUTPERFORMANCE MAINTAINING STRONG LIQUID ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 Securities registered pursuant to Section 12(g) of the Act: Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ☑ No ☐ Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 o ...

Visteon Corporation (NASDAQ:VC) Q3 2021 Results Conference Call October 28, 2021 9:00 AM ET Company Participants Kristopher Doyle - Vice President, Investor Relations and Treasurer Sachin Lawande - President and Chief Executive Officer Jerome Rouquet - Senior Vice President and Chief Financial Officer Conference Call Participants Joseph Spak - RBC Capital Markets Luke Junk - Robert W. Baird Ryan Brinkman - J.P. Morgan Brian Johnson - Barclays Capital David Kelley - Jefferies Itay Michaeli - Citi Research Kr ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D.C. 20549 ________________ FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to ____________ Commission file number 001-15827 VISTEON CORPORATION (Exact name of registrant as specified in its charter) S ...

Visteon Corporation (NASDAQ:VC) Q2 2021 Earnings Conference Call July 29, 2021 9:00 AM ET Company Participants Kris Doyle - VP, IR and Treasurer Sachin Lawande - President and CEO Jerome Rouquet - SVP and CFO Conference Call Participants Luke Junk - Baird Shreyas Patil - Wolfe Research Brian Johnson - Barclays Emmanuel Rosner - Deutsche Bank Colin Langan - Wells Fargo Michael Filatov - Berenberg Capital MK Jeff Osborne - Cowen & Company Kris Doyle Good morning. I'm Kris Doyle, Vice President, Investor Rela ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D.C. 20549 ________________ FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to ____________ Commission file number 001-15827 VISTEON CORPORATION (Exact name of registrant as specified in its charter) State ...

Financial Data and Key Metrics Changes - Visteon's Q1 2021 sales were $746 million, a 14% year-over-year increase when excluding currency effects [8][43] - Adjusted EBITDA for the quarter was $64 million, representing an 8.6% margin, impacted by supply chain costs related to semiconductor shortages which reduced the margin by approximately 190 basis points [8][44] - The company ended the quarter with $486 million in total cash and a net cash position of $137 million [8][47] Business Line Data and Key Metrics Changes - New business bookings in Q1 totaled $1.8 billion, with significant contributions from SmartCore and microZone display technology [9][16] - Approximately 50% of new business wins were for SmartCore, with a lifetime value of about $850 million [9][17] - Incremental margins for Q1 were approximately 30%, benefiting from structural cost reductions implemented in 2020 [10][44] Market Data and Key Metrics Changes - Global industry production increased by 12% in Q1 2021, with most growth occurring in China, which saw a 75% year-over-year increase [11][12] - Visteon's sales growth outperformed the market, primarily due to new product launches and a favorable mix from higher sales in China [15][39] - The company anticipates that the negative regional mix experienced in Q1 will reverse itself in the second half of the year [14][36] Company Strategy and Development Direction - Visteon is focusing on the transition to digital clusters, Android-based infotainment systems, and large displays, which are key industry trends [37][40] - The company expects to maintain its full-year guidance, projecting an 8% increase in industry production volumes [36][41] - Visteon is well-positioned to capitalize on the shift to electric vehicles and the increasing demand for digitalization in automotive cockpits [38][41] Management's Comments on Operating Environment and Future Outlook - Management noted that supply chain constraints, particularly semiconductor shortages, will impact Q2 but expect recovery in the second half of the year [34][35] - The company remains optimistic about the fundamentals of the industry and its position within it, citing strong retail demand and low dealer inventories [32][37] - Management highlighted that the $1.8 billion in new business booked during the quarter supports continued growth above market levels [41][39] Other Important Information - The company has scheduled over 50 new product launches for the year, which are expected to drive growth [33][41] - Visteon is implementing measures to mitigate semiconductor shortages, including purchasing parts through brokers and optimizing logistics [49][50] Q&A Session Summary Question: Thoughts on growth over market ramp throughout the year - Management indicated that Q1 performance was driven by new business wins and expects continued strong performance due to over 50 new product launches scheduled for the year [60][61] Question: Supply chain cost impact in Q1 and expectations for Q2 - Management confirmed that supply chain costs impacted Q1 EBITDA by 190 basis points and expect these costs to continue in Q2 before easing in the second half of the year [65][68] Question: New business wins and outlook for the year - Management expressed confidence in maintaining the cadence of new business wins, with a robust pipeline expected to achieve the $6 billion target for the full year [74][75] Question: Maintaining full year guidance despite semiconductor shortages - Management explained that their guidance was conservative, anticipating an 8% growth in vehicle production, and they remain comfortable with their outlook despite challenges [85][89] Question: Update on Battery Management System (BMS) product - Management reported significant activity with current BMS customers and ongoing engagement with new OEMs, indicating a strong position in the market [91][93]

Visteon Q1 2021 Earnings April 29, 2021 Visteon Visteon Confidential Q1 2021 In Review Visteon® | --- | --- | --- | --- | --- | |----------------|-------|---------------|-------|-------------------------| | | | | | | | | | | | | | $746 Million | | $64 Million | | $9 Million | | +14% Y/Y (1) | | 8.6% Margin | | $486 Million Total Cash | EXECUTING ON GROWTH STRATEGY | --- | --- | --- | --- | --- | |---------------------------------------|-------------------------------------------|---------------------------- ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D.C. 20549 ________________ FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to ____________ Commission file number 001-15827 VISTEON CORPORATION (Exact name of registrant as specified in its charter) State ...

Financial Data and Key Metrics Changes - Visteon reported sales of $787 million for Q4 2020, a 5% increase year-over-year when excluding currency effects [7] - Adjusted EBITDA for Q4 was $75 million, representing 9.5% of sales, consistent with expectations [8] - Adjusted free cash flow for Q4 was $59 million, with a full-year total of $96 million despite industry shutdowns [8][11] - Full-year sales decreased by 13% to $2,548 million, while overall industry production volumes fell by 16% [55] Business Line Data and Key Metrics Changes - The company launched 11 new products in Q4, totaling 55 for the year, marking one of the best years for new product launches [10][22] - Digital clusters represented half of total cluster sales in Q4, with a 60% increase compared to 2019 [30][55] - Sales in the Americas increased by 2%, while Europe saw a 15% increase year-over-year, driven by new product launches [14] Market Data and Key Metrics Changes - Global vehicle production was up year-over-year, but customers representing 90% of Visteon's revenue saw a 2% decline in production [13] - The automotive industry is expected to see production volumes increase approximately 8% in 2021, despite semiconductor shortages impacting growth [44][65] Company Strategy and Development Direction - Visteon aims to capitalize on trends in digital cockpits, electrification, and ADAS technology, with a target of achieving $6 billion in new business [35][72] - The company plans to launch over 50 products in 2021, with a lifetime revenue potential exceeding $7 billion [45] - Visteon is focusing on enhancing its product portfolio to align with the shift towards electric vehicles and advanced digital solutions [52] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the semiconductor shortage as a significant challenge, impacting production in the first half of 2021 but expected to improve in the second half [37][41] - The company anticipates a strong demand signal from OEMs and plans to continue launching new products at a rapid pace [36][48] - Despite challenges, management expressed confidence in achieving margin expansion in 2021 due to structural changes made in 2020 [40][67] Other Important Information - Visteon secured 22 new business awards in Q4, totaling $1.4 billion in lifetime value, bringing the full-year total to $4.6 billion [9][23] - The company ended 2020 with a net cash position of $151 million, reflecting a strong balance sheet [58][62] Q&A Session Summary Question: Risks of supply chain normalization in the second half - Management highlighted the semiconductor shortage as an industry-wide issue, with expectations of production impacts in the first half and gradual improvement in the second half [77][79] Question: Digital cluster growth and future mix - Management discussed the trend towards larger, integrated displays and the development of proprietary display technology to meet automotive needs [81][83] Question: Industry acceptance of wireless BMS technology - Management noted that the initial win with GM has positively influenced discussions with other OEMs, enhancing credibility for the wireless BMS technology [89][90] Question: Incremental margin expectations for 2021 - Management confirmed that incremental margins are expected to be in the 20% to 25% range, with a midpoint of 22% for 2021 [94] Question: Clarification on the second BMS win - Management clarified that the second BMS win is unrelated to the first and represents a new customer, indicating strong potential for future growth [97][99] Question: Impact of Ford's collaboration with Google - Management viewed Ford's collaboration with Google positively, emphasizing Visteon's experience in Android-based digital cockpits as a competitive advantage [102]