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8-K - 8-K - VISTEON CORP | d242135d8k.htm |
Exhibit 99.1
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Transforming the future of mobility
Citi 2016 Global Technology Conference
September 2016
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Agenda
Company overview
Next-generation infotainment
Autonomous driving
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Company overview
Citi 2016 Global Technology Conference
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Our Vision:
A global leader in automotive cockpit electronics delivering a rich, connected cockpit experience for all cars from luxury to entry segment.
Our Mission:
To be the foremost leader in driver information and connected infotainment solutions that enables a rich driving experience in a safe and convenient manner. We will achieve this through relentless pursuit of excellence in electronics and software technology as well as global execution.
Visteon Corporation proprietary Citi 2016 Global Technology Conference
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Accomplishments and strategic imperatives
2015 Accomplishments
Pure-play electronics company JCI acquisition synergies Improved profit, free cash flow New business backlog$14.9B
2016 Objectives
Enhance capital structure YoY margin improvement Positive free cash flow Win record new business
Forward Looking Focus
Technology-driven sales growth Optimize capital structure Adjusted EBITDA margin 12+% Improve free cash flow
Visteon Corporation proprietary Citi 2016 Global Technology Conference
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Electronics quarterly adjusted EBITDA(1)
(Dollars in Millions)
Adjusted EBITDA
% Adj. EBITDA Margin $94
$84 $83
$79
$67
$60
11.9%
10.8% 10.7% 10.4%
8.7%
7.7%
Q1 2015 Q2 2015 Q3 2015 Q4 2015 Q1 2016 Q2 2016
(1) Electronics product group now includes previous Electronics segment and Corporate costs.
Delivered significant growth in adjusted EBITDA since Q3 2015
Visteon Corporation proprietary Citi 2016 Global Technology Conference 6
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Strong new business wins
(Dollars in Millions)
Consolidated new business wins
$2.8 Billion YTD
New business wins by region
(Q2 2016 YTD)
$1,589
$1,218 $1,189
$1,105 $1,084
$883
Q1 2015 Q2 2015 Q3 2015 Q4 2015 Q1 2016 Q2 2016
South
America
2%
North
America Asia
28% Pacific
44%
Europe
26%
$2.8 Billion
New business wins include lifetime revenue
Won record $4.3B in new business in 2015 and $2.8B in first half 2016
Visteon Corporation proprietary Citi 2016 Global Technology Conference
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Broadest cockpit electronics portfolio in the industry
Instrument Head-up Information Infotainment Audio Telematics Cockpit domain clusters displays displays controllers
Complete cockpit electronics portfolio positions Visteon well for continued growth
Visteon Corporation proprietary Citi 2016 Global Technology Conference
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Next-generation infotainment Phoenix
Citi 2016 Global Technology Conference
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Phoenix designed with three goals in mind
App developer friendly Highly secure Fully upgradeable
Visteon Corporation proprietary Citi 2016 Global Technology Conference
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Rapid application development
Current model for app development
Development System
Requires custom development of hardware and software Lacks software development kit (SDK) and tools for third-party software development Restricted to Tier 1 supplier or OEM Expensive and time consuming validation process Limited number of apps
App development with Phoenix
OEM or Visteon Publish to
Create and test validation app with SDK app store and simulator
OTA app download
Phoenix infotainment platform designed with app developers in mind
Visteon Corporation proprietary Citi 2016 Global Technology Conference
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Open standards-based system architecture
Conventional system architecture
Phoenix system architecture
Native apps HTML/Android apps
Non-standard
proprietary API
without SDK Browser/
Native services
Android
Ad hoc and
limited security OS QNX/Linux
capability
Hardware
HTML5 apps
JavaScript API with
SDK and simulator
Chromium-based
middleware
Secure hardware,
operating system
Secure OS Linux and HTML5
chromium-based
middleware
Secure hardware
Leverage latest developments in cyber security and open standards
Visteon Corporation proprietary Citi 2016 Global Technology Conference
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Its all about the API
Application Software App Store Programming Interface Development Kit
Extensive JavaScript API Support Windows, Linux and Mac Visteon or OEM-managed Open standards with W3C Libraries, docs and simulator Integrated test and validation Covers all vehicle functionality No restriction on HTML5 tools Integrated OTA updates
Unlocking innovation through open collaboration and development
Visteon Corporation proprietary Citi 2016 Global Technology Conference
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Most comprehensive cyber security
Ad hoc security in current systems
Phoenix cyber security architecture
Infotainment
Unsecure system
Infotainment
Secure system
Secure
applications
Secure network
Authentication
and verification
Secure boot
Secure hardware
Security features built into every layer of platform for maximum protection
Visteon Corporation proprietary Citi 2016 Global Technology Conference
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Secure over-the-air (OTA) updates
Infotainment system contains code with different levels of runtime privileges
Operating system code must be block-updated for maximum security
Apps and data can be updated using file system level updates
Phoenix uses in-house technology that performs block and file-system OTA updates
Phoenix secure OTA update
Block and File OTA
secure updates to vehicle
Full, incremental or apps
System 4K 4K 4K
Apps and data
Phoenix supports block and file system updates for secure OTA upgrade
Apps and data
Visteon Corporation proprietary Citi 2016 Global Technology Conference
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Autonomous driving
Citi 2016 Global Technology Conference
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Our evolution to autonomous driving
Today
Distribution on multiple ECUs
Future
One domain controller
Actuators ECUs Sensors
Actuators
Visteon domain controller
Sensors
Distributed ADAS ECUs Classical use case programing
Lacking algorithm developer-friendly architecture Hardware non-fault tolerant Discrete non-scalable system
Centralized domain controller Neural network technology
Open software environment for algorithmic development Secure and fail-safe hardware Scalable toward L3/L4 autonomous driving
Visteon Corporation proprietary Citi 2016 Global Technology Conference
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Our approach to autonomous driving
Fail-safe centralized domain hardware
Open framework designed for algorithmic developers
Neural networks
Collaborative approach to rapid algorithm development based on neural networks
Visteon Corporation proprietary Citi 2016 Global Technology Conference
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Our technology roadmap
2018 2015 2017
Launch autonomous Launched domain Launch next-generation driving domain controller for cockpit infotainment controller platform
Visteon Corporation proprietary Citi 2016 Global Technology Conference
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