Financial Data and Key Metrics Changes - Visteon's sales grew 3% year-over-year on a constant currency basis to $747 million in Q3 2020 despite a 3% decline in global vehicle production [5][37] - Adjusted EBITDA was $87 million, representing an 11.6% margin, which is a record for the third quarter and a 310 basis point improvement over the previous year [5][44] - Adjusted free cash flow was $103 million for Q3 and $37 million for the first nine months, higher than the prior year [6][41] Business Line Data and Key Metrics Changes - Sales of digital clusters more than doubled year-over-year, now representing almost half of total instrument cluster sales, with strong demand particularly in Europe [11] - Sales of digital displays grew double-digit year-over-year due to new product launches [12] - The company launched 23 new products in Q3, bringing the year-to-date total to 44, with a projected lifetime revenue of over $2.5 billion from these launches [13][18] Market Data and Key Metrics Changes - Vehicle production improved in Q3, recovering to within 3% of prior year levels, with retail demand boosted by pent-up demand and government incentives [10][30] - Visteon's top customers experienced a 6% decline year-over-year, while Visteon's sales increased by 3% due to strong demand for digital cockpit products [10] - New business bookings improved to $1.5 billion in Q3, with cockpit electronics representing about $1 billion of the total [19] Company Strategy and Development Direction - The company is undergoing a transformation towards a platform-based approach in product development, aiming for increased operational efficiency and reduced structural costs [7] - Visteon is well-positioned to leverage the growing interest in electric vehicles (EVs) with its product portfolio, including digital cockpit systems and wireless battery management systems [28][33] - The company aims to achieve a 12% margin target by 2023, supported by cost reductions and expected sales growth [76] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism about the recovery in vehicle production but highlighted risks from COVID-19 and the expiration of government incentives [31][32] - The company expects to continue outperforming the market in Q4 based on trends in cockpit electronics and new product launches [32][33] - Management noted that while retail demand was strong, underlying market conditions may not support overly optimistic production forecasts [30][32] Other Important Information - The company ended Q3 with a net cash position of $87 million, having repaid its revolving credit facility [8][41] - Visteon has been actively managing its supply chain and inventory levels to optimize cash flow [40] Q&A Session Summary Question: How much of the EBITDA increase is due to temporary measures? - Management estimated that 1.5% to 2% of EBITDA in Q3 was related to temporary austerity measures that will not repeat in Q4, normalizing results to a 9.5% to 10.1% EBITDA range [55] Question: What are the margin implications of the growth in digital clusters? - Digital clusters have significant software content, which is in-sourced, leading to better margins compared to traditional display business [58][60] Question: What is the expected annual business opportunity for the wireless BMS? - Management indicated that the wireless BMS could represent an annual business opportunity of $350 million to $500 million, depending on the growth of the Ultium platform [84] Question: Are there any pricing pressures on analog systems? - Management clarified that they are not experiencing additional pricing pressure beyond normal levels and have been able to offset typical pricing pressures [66] Question: What is the expected growth for the Android-based infotainment system? - All remaining contracts for the Android-based infotainment system are expected to go into production in 2021, with significant interest from OEMs following the launch with VW [91][93]

Visteon Q3 2020 Earnings October 29, 2020 Visteon Visteon Confidential Q3 2020 Summary | --- | --- | --- | --- | --- | |-----------------------------|-------|----------------------------|-------|--------------------------------------| | Net Sales | | Adjusted EBITDA | | Adjusted FCF | | $747 Million +3% Y/Y (1) | | $87 Million 11.6% Margin | | $37 Million YTD $103 Million in Q3 | PROACTIVE INITIATIVES DRIVING STRONG PERFORMANCE $3.2 billion in YTD new business wins WON SIGNIFICANT NEW BUSINESS MARKET-LEADIN ...

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, 2020 ☐ 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) | | ...

J.P. Morgan 2020 Auto Conference August 2020 Forward-Looking Information • 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," "forecasts" and similar expressions identify certain of these forward-looking statements. Forward-looking statements are not guarantees of future results and conditions but ...

Visteon Corp (NASDAQ:VC) Q2 2020 Earnings Conference Call July 30, 2020 9:00 AM ET Company Participants Kristopher Doyle - Director, IR and FP&A Sachin Lawande - President, CEO & Director Jerome Rouquet - SVP & CFO Conference Call Participants Daniel Galves - Wolfe Research Joseph Spak - RBC Capital Markets Mark Delaney - Goldman Sachs Group Emmanuel Rosner - Deutsche Bank Brian Johnson - Barclays Bank Steven Fox - Fox Advisors Kristopher Doyle Good morning. I'm Kris Doyle, Director of Investor Relations fo ...

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, 2020 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) | Stat ...

Deutsche Bank Global Auto Industry Conference June 2020 Forward-Looking Information • 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," "forecasts" and similar expressions identify certain of these forward-looking statements. Forward-looking statements are not guarantees of future results and cond ...

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, 2020 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) | Sta ...

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, 2019 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 of Delaware | | 38 ...

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, 2019 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | State | of | Delaware | 38-3519512 | (State or other jurisdiction of incorporation or organization) | (I.R.S. Employer | | --- | --- | --- | --- | --- | --- | | Identi ...