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© 2018 Copyright Veoneer Inc. All Rights Reserved
This is
Veoneer General Presentation
Veoneer
February 2020
March 2020 Veoneer General Presentation1
© 2018 Copyright Veoneer Inc. All Rights Reserved2
Our Purpose
Creating Trust in MobilityMarch 2020 Veoneer General Presentation
© 2018 Copyright Veoneer Inc. All Rights Reserved
“This conference is an opportunity for the world to embrace a new agenda to radically reduce the number of lives lost on our roads and re-think how we can provide access to safe, affordable, accessible and sustainable transport systems for all.”
Tedros Adhanom GhebreyesusWHO Director-General
March 2020 Veoneer General Presentation3
© 2018 Copyright Veoneer Inc. All Rights Reserved
The solution – adding prevention to protection
March 2020 Veoneer General Presentation4
© 2018 Copyright Veoneer Inc. All Rights Reserved
• “Pure Play” focus on:− Safety Electronics, − Advanced Driving Assistance Systems (ADAS),
− Collaborative and Automated Driving (AD).
• Founded in 2018, spin-off from Autoliv
• Close to 70 years of automotive safety development
• 8,900 employees in 13 countries
• Headquartered in Stockholm, Sweden
• Listed on the NYSE and the Stockholm NASDAQ OMX
This is Veoneer
March 2020 Veoneer General Presentation5
© 2018 Copyright Veoneer Inc. All Rights Reserved
A Global Footprint
March 2020 Veoneer General Presentation6
8,900 ASSOCIATES~4,900 IN R,D&E
13 COUNTRIES 10 MANUFACTURING SITES
The map shows our locations in 2020 (VNBS excluded)
27 TECHNICALCENTERS
© 2018 Copyright Veoneer Inc. All Rights Reserved
Net Sales2019: $1,902 million
March 2020 Veoneer General Presentation7
43%
37%
20%
Sales by Product
Brake Systems
Active SafetyRestraint
Control Systems
35%
32%
33%
Sales by Region
Europe
Americas
Asia23%
16%
11%10%
7%
6%
5%
4%
3%2% 13%
Sales by Customer
GM
HKMC
Honda
Daimler
Ford
RNM
Other
FCA
BMW
Volvo
COEMs
© 2018 Copyright Veoneer Inc. All Rights Reserved
6.5 millionCamera Sensors Delivered
>38 millionRadar Sensors Delivered
~830 millionAirbag ECUs and Crash
Sensors Delivered
Delivered during the past decade, as Veoneer and as part of Autoliv
A Tech Company Delivering Automotive Grade
March 2020 Veoneer General Presentation8
© 2018 Copyright Veoneer Inc. All Rights Reserved
Our Technology Showcase
9
BRAKE SYSTEMS
DRIVER MONITORING SYSTEMS
VISION SYSTEM
RADAR
REAR CORNER RADAR
ROADSCAPE
ADAS ECU
RESTRAINT CONTROL SYSTEM
NIGHT VISION
V2X
SATELLITE CRASH SENSORS
LIDAR
FRONT CORNER RADAR
Active Safety
Autonomous Driving
Restraint Controls
Brake Systems
LIDAR
March 2020 Veoneer General Presentation
© 2018 Copyright Veoneer Inc. All Rights Reserved
Collaborative Driving
2030:
• Few fully automated cars,
• A majority of cars with advanced driver support technologies installed.
March 2020 Veoneer General Presentation10
will increase convenience and improve safety
In January 2020, Veoneer demonstrated a new driver support technology on public roads of Las Vegas.
The drivers pushed a button while driving, took theirhands off the steering wheel and let the car handle parts of the commute - still engaged and with eyes on the road.
© 2018 Copyright Veoneer Inc. All Rights Reserved
Close to 70 years of Experience with Many World Firsts(1)
1990 19952000
20052010
Restraint Controllerwith Integrated Rollover
Restraint Controllerwith IntegratedIMU
Adaptive RestraintController &Remote Sensors
CV-EnhancedFront Crash Sensing
Off-RoadProtection with
Belt Control
IntegratedRestraint
Brake ControlPedestrian DetectionSystem
Airbag ECUs
with Dwell Enhancement
2015
Night Vision Pedestrian Detection System
Short & Medium Range Radar
Night VisionSensor FusionFIR / NIR
4 Corner Radar and Pre-Triggering Passive
Safety
Long Range Radar(in alliance with Continental as the system supplier)
Autonomous Emergency BrakingRadar and Mono VisionA
ctiv
e Sa
fety
an
d B
raki
ngR
estr
aint
Con
trol
Syst
ems
Acceleratinginnovation pace
Night Vision Animal Detection System
(1) Including acquisitions
Learning Intelligent Vehicle
2017
ADAS ECU
11 March 2020 Veoneer General Presentation
2018
ADAS ECU ‘Zeus’ meets L4
Autonomous Driving
© 2018 Copyright Veoneer Inc. All Rights Reserved
Automotive industry in its largest transformation ever
12
Collaborative Driving Mobility as a service Clean Engines
© 2018 Copyright Veoneer Inc. All Rights Reserved
Increased complexity and a need for increased speed of innovations requires collaboration based on a joint problem definition and expertise.
• Some of our partners:− Zenuity (joint venture) for ADAS and AD systems software − Velodyne for LiDAR− Seeing Machines for Driver Monitoring− NVIDIA for computer platforms− MobilityXlab offers young companies with pioneering ideas the opportunity to
accelerate through the possibility to strategic partnership with us and five other global players within mobility and connectivity
− Member of AVCC – Autonomous Vehicle Computing Consortium
March 2020 Veoneer General Presentation13
Strategic Eco System Partnerships
© 2018 Copyright Veoneer Inc. All Rights Reserved
Total Addressable Market (TAM)
6,6 8,3 10,313,8
21,2
2,2
6,6
3,73,3
3,3
3,3
3,4
12,0 11,611,7
13,6
15,5
~$23 ~$24~$26
~$33
~$47
2018E 2019E 2020E 2022E 2025E
BCS
RCS
Active Safety Upside
Active Safety
TAM1 Evolution($ billions)
1 Includes Active Safety baseline, Active Safety upside potential, Restraint Control Systems (RCS), and Brake Control Systems (BCS)
// //
2019 to 2022 CAGR ~11%
2019 to 2025 CAGR ~12%
March 2020 Veoneer General Presentation14
© 2018 Copyright Veoneer Inc. All Rights Reserved
Active Safety Market
2018E 2019E 2020E 2022E 2025E
Active Safety Upside
Lidar
ADAS Ecu
Radar
Vision
1 Includes Active Safety baseline, Active Safety upside potential incudes Driver Monitoring, Positioning Systems, Vehicle to Vehicle and Vehicle to Infrastructure, Digital Mapping and Software
// //
Active Safety1 Evolution($ billions)
2019 to 2022 CAGR ~21%
2019 to 2025 CAGR ~21%
~7~9
~11
~16
~28
March 2020 Veoneer General Presentation15
© 2018 Copyright Veoneer Inc. All Rights Reserved
22 22 21 21 21 21 22
27 26 23 23 24 25 29
16 1615 15 15 15
16
13 1313 13 12 12
13
9 98 8 9 9
11
92 9186 85 87 90
97
0
10
20
30
40
50
60
70
80
90
100
2017 2018 2019 2020 2021 2022 2025
Market Growth Drivers
Global LVP1 EvolutionUnits in millions
Light Vehicle Production and Content per Vehicle
//
1 Light Vehicle Production (LVP) according to IHS as of January 16, 2020, Content per vehicle (CPV)
0
100
200
300
400
500
2017 2018 2019 2020 2021 2022 2022 2024 2025
Active Safety Market plus DMSRCS and BCS
~$50
~$175
~$300
~$100
CPV1 EvolutionUS $
2
2
2 Driver Monitoring Systems (DMS), Restraint Control Systems (RCS), Brake Control Systems (BCS)
March 2020 Veoneer General Presentation16
© 2018 Copyright Veoneer Inc. All Rights Reserved
• It takes up to four years to develop an order before it goes into production.
March 2020 Veoneer General Presentation17
2019 key launches and mid-cycle faceliftsLet us proudly present…
Veoneer is particularly proudof our camera systems that are
a key contributor to AEB, Lane Keepingand Speed Assistance used in Mercedes,
5* rated by EuroNCAP in 2019.
© 2018 Copyright Veoneer Inc. All Rights Reserved
Japan based OEM•AVV ~200K•24GHz
US based OEM•AVV ~135K•RCS, BCS
US based OEM•AVV ~280K•NiVi4, RCS
Japan based OEM•AVV ~50K•77Ghz, RCS
Japan based OEM•AVV ~580K•RCS
Polestar 2•AVV ~50K•MV4, 77Ghz, ADAS ecu, Z1S
EU Premium Brand•AVV ~190K•MV4, SV4, 77Ghz, ADAS ecu
2020 is a big launch yearTop 15 in 2020 > $500M average annual sales
March 2020 Veoneer General Presentation18
AVV - Average Vehicle Volume, CPV - Content per Vehicle VolumeProducts – MV4 (Gen4 Mono Vision), SV4 (Gen4 Stereo Vision), 77Ghz & 24Ghz Radar, NiVi4 (Gen4 Thermal Sensing Night Vision), ADAS ecu (Advanced Driver Assist System electronic control unit),ADAS SW (ADAS Software), DMS (Driver Monitoring System), Z1S (Zenuity Software), HDLM (High Definition Mapping), RCS (Restraint Control System), BCS (Brake Control System).
US based OEM•AVV ~640K•RCS, DMS, BCS
VCC XC40 •AVV ~170K•MV4, 77Ghz, ADAS ecu, Z1S
Japan based OEM•AVV ~115K•24GHz
Japan based OEM•AVV ~60K•SVS, 77Ghz
US based OEM•AVV ~35K•NiVi4, RCS, HDLM
EU Premium Brand•AVV ~80K•SV4, 77Ghz, ADASSW
EU Premium Brand•AVV ~250K•MV4/SV4, 77Ghz, ADAS ecu
Local Chinese OEM•AVV ~40K•MV4, 77Ghz
Q1’20 Q2’20 Q3’20 Q4’20
© 2018 Copyright Veoneer Inc. All Rights Reserved
Mono-Vision Gen4•2nd Gen. Object Det.,
Lane Det., Road Boundary , Free Space•Traffic Light Det ., Support Object
Enhanced Map •EU NCAP 2020•Lead launch: Polestar 2
Z1 Software (Zenuity)•EU NCAP 2020 •Traffic Jam Assist•Lead launch: Polestar 2
L2/L2+ Smart ECU Gen2•Highly scalable SoC solution to
support object fusion up to L2+ Feature content•Confirmed 3 OEMs •Lead launch: Volvo
Regenerative Braking•Integrated 1 box brake
by wire solution•Lead launch: US based OEM
Stereo Vision•Custom Solution •Lead launch: Asian based OEM
Driver Monitoring System•Drowsiness, Distraction ,
Attention Zones , Identification , Precise Eye Gaze•Lead launch: US based OEM
SW Features (Zenuity)(standalone)•Lane Centering•Lead launch: EU based Premium Brand
Several Technology Launches in 2020
March 2020 Veoneer General Presentation19
Thermal Sensing Gen4 (NiVi)•12µm FIR sensor,
VGA resol. (640x512) , 32° Hor. Fov (24°, 50° or 70°), ~25% size red.•Lead launch: US based Premium brand
Stereo Vision Gen4•2nd Gen. 3D Object Det.,
Parking Assist , Small Object Det. •EU NCAP 2020 •Lead launch: EU based Premium Brand
Roadscape HDLM & Precise Positioning Module•High Definition Mapping host
& precision positioning•Lead launch: US based Premium brand
Radar 77Ghz Gen1.3•Cost and performance
optimized •Lead launch: Japan based Premium brand
Safe Stop Module (SSM) ECU•Standalone Ecu including
Zenuity software•Lead launch: Robo-taxi
Q1’20 Q2’20 Q3’20 Q4’20
Products – MV4 (Gen4 Mono Vision), SV4 (Gen4 Stereo Vision), 77Ghz & 24Ghz Radar, NiVi4 (Gen4 Thermal Sensing Night Vision), ADAS ecu (Advanced Driver Assist System electronic control unit),ADAS SW (ADAS Software), DMS (Driver Monitoring System), Z1S (Zenuity Software), HDLM (High Definition Mapping).
© 2018 Copyright Veoneer Inc. All Rights ReservedMarch 2020 Veoneer General Presentation20
Our Associates are the Architects of Our Success
• ~8,900 Associates~4,900 in R,D&E
• Curious and purpose-driven people
• Agile, collaborative, international teams
• We focus on growing our people and onbeing a fair employer
© 2018 Copyright Veoneer Inc. All Rights Reserved
Our Employer Promise
21
Creating Trust in Mobility(purpose)
Human-Centric Innovation(One of 3 pillars)
Committed to You
Our teams are empowered to deliver products our customers can trust. Step out of your comfort zone, innovate, and learn in your everyday work. The world is changing - let's change it together.
Human-centric innovation always starts with our people. At Veoneer, we harness the strengths and capabilities to co-create our success. Collaborate globally with other technology-focused and exceptionally talented people!
Our people are purpose- driven and curious. We are pioneers who thrive in response to the new and exciting challenges we face at the forefront of technology. We have the strongest leaders and experts in your field, we support each other and are dedicated to develop you.
© 2018 Copyright Veoneer Inc. All Rights Reserved
Making an Impact on Society
• Our business is built around the UN Sustainable Development Goal #3 Good Health and Well-being: Reducing global deaths and injuries from traffic accidents by 50%.
• Our business is focused on − improving traffic safety,
− committed to respecting and growing our people,
− doing business by the highest ethical standards,
− while limiting our environmental footprint.
March 2020 Veoneer General Presentation22
2019 Sustainability report available on www.veoneer.com
© 2018 Copyright Veoneer Inc. All Rights Reserved
Veoneer Sustainability Program Focus Areas 2019-2020
23
CustomersCustomers People People BusinessPartners BusinessPartners Environment Environment
• Innovation
• Product Safety
• Recruitment & engaged workforce
• Health & Wellbeing
• Labor rights
• Supply chain sustainability
• Sustainability due diligence in acquisitions & partnerships
• Ethical behavior in business interactions
• Materials & product design
• Environmental performance of Veoneer operations
March 2020 Veoneer General Presentation
© 2018 Copyright Veoneer Inc. All Rights Reserved24
O U R P U R P O S ECreating Trust in Mobility
O U R C O R E S T R A T E G YDeliver Innovative Solutions You Can Trust
O U R C O R E P I L L A R SFlawless Delivery
Customer-Centric CollaborationHuman-Centric Innovation
O U R B E L I E F S :Burning Curiosity
Passion for Excellence Bold Honesty
© 2018 Copyright Veoneer Inc. All Rights Reserved
Thank You!
March 2020 Veoneer General Presentation25
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