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]

Visteon Q4 and Full-Year 2020 Earnings February 18, 2021 Visteon Confidential Q4 and 2020 Summary Visteon® | --- | --- | --- | --- | --- | |----------------|-------|---------------|-------|---------------------| | | | | | | | $787 Million | | $75 Million | | $96 Million in FY | | +5% Y/Y (1) | | 9.5% Margin | | $59 Million in Q4 | WELL POSITIONED TO OUTPERFORM MARKET | --- | --- | --- | --- | --- | |---------------------------------------|-------------------------------------------|------------------------- ...

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, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to ____________ State of Delaware 38-3519512 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) One V ...