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Morgan Stanley Industrials & Autos Conference
September 16, 2014
Rodney O'Neal Chief Executive Officer and President
Jeff Owens Executive Vice President and Chief Technology Officer
Forward-looking statements
This presentation, as well as other statements made by Delphi Automotive PLC (the “Company”), contain forward-
looking statements that reflect, when made, the Company’s current views with respect to current events and financial
performance. Such forward-looking statements are subject to many risks, uncertainties and factors relating to the
Company’s operations and business environment, which may cause the actual results of the Company to be materially
different from any future results. All statements that address future operating, financial or business performance or the
Company’s strategies or expectations are forward-looking statements. Factors that could cause actual results to differ
materially from these forward-looking statements are discussed under the captions “Risk Factors” and “Management’s
Discussion and Analysis of Financial Condition and Results of Operations” in the Company’s filings with the Securities
and Exchange Commission. New risks and uncertainties arise from time to time, and it is impossible for us to predict
these events or how they may affect the Company. It should be remembered that the price of the ordinary shares and
any income from them can go down as well as up. The Company disclaims any intention or obligation to update or
revise any forward-looking statements, whether as a result of new information, future events and/or otherwise, except
as may be required by law.
4
Delphi at a glance
1. Adjusted for restructuring charges, acquisition-related integration costs and asset impairment costs
Q2 2014 LTM
revenue:
$16.9 billion
Q2 LTM 2014
adj. OI margin1:
11.4%
Q2 LTM 2014
operating
cash flow:
$1.8 billion
Engineers,
scientists and
technicians:
19,000
Annual
investment
in engineering:
$1.7 billion
Q2 2014 LTM
adj. OI1:
$1.9 billion
Quality
metrics of:
99.9999%
Booked
business
since 2009:
$122 billion
5
Technology on a global scale
Open and
close 1/2
billion times
Delphi GDi Fuel
Injector
Delphi Diesel
Fuel Injector
2.25 billion
injection events
Reduces
660 pounds of
CO2 emissions
Delphi Brushless
Fuel Pump
1 billion
instructions
per second
Delphi Engine
Controllers
Reduces
accidents
by 30%
Delphi vision
and radar
systems
Scans the
road 3.5 million
times per day
Delphi ESR
Up to 2 billion
lines of code
Delphi Processors
Can operate
in 1,600°F temps
Delphi Exhaust
Sensor
6
Key mega-trends
Safe Green Connected
7
Leading positions in growing markets
Why Safe matters…
1. http://www.distractu.com/Parents/About-the-Program.aspx# 2. http://www.textinganddrivingsafety.com/texting-and-driving-stats/
Investing in tomorrow’s technologies to reduce accidents
A text message takes a driver's eyes
from the road for an average of
4.6 seconds, the equivalent
of driving the length of an entire
football field, blind
Delphi’s Safe revenue
20182013
Driving distracted is the
equivalent of driving
with a blood alcohol level
of .081
Text
messaging
makes a
crash up to
23x
more likely2
5X increase
in Active Safety
market by 2020
An extra
½ second of warning can mitigate
60% of crashes
8
Active Safety
CAGR = ~30%
$-
$2
$4
$6
$8
$10
$12
$14
$16
$18
Passive Safety
2013 2014 2015 2016 2017 2018 2019 2020
Global safety electronics market ($ billions)
Passive Safety
Active Safety
Active Safety past the tipping point
Active Safety market grows to $14B at ~35% CAGR
9
Why Green matters…
Investing in tomorrow’s technologies to double fuel economy
50% more vehicles on
the planet in 10 years
Delphi’s Green revenue
20182013
Delphi’s products are 25x better at reducing
emissions than technologies
of the 1990s
A GDi Fuel System can
complete an injection
300x faster than the
blink of an eye
Delphi Brushless Fuel
Pumps can save
660 pounds
of CO2
from being emitted over the
vehicle’s lifetime
Exhaust from today’s
gas engines is cleaner than the ambient air in
some parts of the world
10
Passenger car market rotates to Gas Direct injection
-
20
40
60
80
100
120
2010 2013 2016 2019 2022 2025
GDi market grows to $5B at ~17% CAGR
Worldwide passenger car vehicles (millions)
Diesel
PFI gasoline
GDi gasoline
Alternative fuels Fuel cell & electric
GDi
hybrid
PFI
hybrid
Diesel
hybrid
Source: IHS Jan 2014 and McKinsey estimates 11
Why Connected matters…
1. Harvard Health Watch: http://blog.tempoplugin.com/2013/7-time-consuming-things-an-average-joe-spends-in-a-lifetime/ 2. Excludes Mechatronics and Reception Systems
Investing in tomorrow’s technologies for seamless connectivity
In a lifetime, the average
person spends over
37,000 hours
in a car1
Delphi’s Connected revenue2
1 in 5 of Delphi’s engineers are
software focused 20182013
Today’s typical
vehicle has over
50 computers
and 1 mile of Wiring Cable
~$½ billion of software revenue
today growing 3x over
the next 7-8 years
1 in 4 vehicles built today
contain Delphi
Wiring or Connectors
12
$0
$2
$4
$6
$8
$10
$12
$14
$16
2012 2013 2014 2015 2016 2017 2018 2019 2020
Connected Infotainment
Connectivity market grows to $14B at ~25% CAGR
Connectivity and computing drives Infotainment growth
Next Gen Connected
Computing Platform
In-vehicle
Wireless Network
Reconfigurable
Cluster & Displays
1st Gen Connected
Navigation
Global Connectivity and Infotainment market ($ billions)
13
Convergence provides opportunities
Increasing electrification, power and data drive architectures
2015 2020 2025 2010
Full cloud connectivity
Safety eco-system
Smartphone integration
Assisted automation
Conditional automation
Fully autonomous
Internet of things
Increasing personalization
Increasing vehicle content
14
2.4%
15.1%
53.8%
Tech peer range Tech peer average Delphi
26.2%
(26.5%)
46.0% 45.1%
Tech peer range Tech peer average Delphi
76.9%
Financial metrics comparison
2010- 2013 EPS CAGR2 2013 FCF% to EBITDA1
P/E Ratio LTM 2013 ROIC3
Industry-leading financial metrics
1.6%
9.6%
34.1%
Tech peer range Tech peer average Delphi
17.9%
16.1x
27.3x
17.1x
Tech peer range Tech peer average Delphi
36.8x
Note: Range and averages are for a peer group consisting of: Sensata; Vishay; Amphenol; TE Connectivity; Texas Instruments; Osram; Freescale; STMicroelectronics; Infineon; Omron; Murata; Rohm; Hirose Electric; Alps Electric; TDK; Mabuchi Motor; GS Yuasa (excludes outliers; Data represents Capital IQ estimates) 1. Adjusted for restructuring and integration costs 2. Adjusted for restructuring, integration, asset impairment and debt extinguishment costs 3. Adjusted for restructuring, integration and asset impairment costs
15
Why invest in Delphi
• Well positioned in a transformed and growing industry
• Significant global scale
• Industry-leading cost structure
• Significant margin expansion and cash flow generation
• Balanced and disciplined capital allocation
16
Industry-leading shareholder returns
Net income attributable to Delphi $271 $298 $320 $382 $1,271
Income tax expense $72 $74 $75 $62 $283
Interest expense $34 $37 $35 $33 $139
Other (income) expense, net ($4) ($7) $16 ($3) $2
Noncontrolling interest $22 $23 $21 $24 $90
Equity income, net of tax ($8) ($8) ($8) ($10) ($34)
Operating income $387 $417 $459 $488 $1,751
Restructuring $37 $50 $22 $55 $164
Other acquisition-related costs $4 $5 $2 $1 $12
Asset Impairments - - - $3 $3
Adjusted operating income $428 $472 $483 $547 $1,930
Non-US GAAP financial metrics ($ millions)
Q1 2014 Q2 2014 Q3 2013 Q4 2013 Q2 2014
LTM
18