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Transforming the future of mobilityCiti 2016 Global Technology ConferenceSeptember 2016
Agenda
• Company overview
• Next-generation infotainment
• Autonomous driving
2
Company overviewCiti 2016 Global Technology Conference
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.
4 Visteon Corporation proprietary – Citi 2016 Global Technology Conference
Accomplishments and strategic imperatives
2015 Accomplishments 2016 Objectives Forward Looking Focus
5
Pure-play electronics company
JCI acquisition synergies
Improved profit, free cash flow
New business backlog - $14.9B
Enhance capital structure
YoY margin improvement
Positive free cash flow
Win record new business
Adjusted EBITDA margin 12+%
Technology-driven sales growth
Optimize capital structure
Visteon Corporation proprietary – Citi 2016 Global Technology Conference
Improve free cash flow
Electronics quarterly adjusted EBITDA(1)
$84
$60 $67
$83
$94
$79
10.8%
7.7%8.7%
10.7%11.9%
10.4%
Q1 2015 Q2 2015 Q3 2015 Q4 2015 Q1 2016 Q2 2016
Adjusted EBITDA
% Adj. EBITDA Margin
Delivered significant growth in adjusted EBITDA since Q3 2015
(Dollars in Millions)
(1) Electronics product group now includes previous Electronics segment and Corporate costs.
6 Visteon Corporation proprietary – Citi 2016 Global Technology Conference
Strong new business wins
Won record $4.3B in new business in 2015 and $2.8B in first half 2016
$1,105 $1,084
$883
$1,218 $1,189
$1,589
Q1 2015 Q2 2015 Q3 2015 Q4 2015 Q1 2016 Q2 2016$2.8 Billion
$2.8 Billion YTD
Asia Pacific44%
Europe26%
North America
28%
South America
2%
(Dollars in Millions)
New business wins by region(Q2 2016 YTD)
New business wins include lifetime revenue
7
Consolidated new business wins
Visteon Corporation proprietary – Citi 2016 Global Technology Conference
Broadest cockpit electronics portfolio in the industry
8
Complete cockpit electronics portfolio positions Visteon well for continued growth
Instrumentclusters
Head-updisplays
Telematics Cockpit domain controllers
Informationdisplays
AudioInfotainment
Visteon Corporation proprietary – Citi 2016 Global Technology Conference
Next-generation infotainment – PhoenixCiti 2016 Global Technology Conference
Phoenix – designed with three goals in mind
10 Visteon Corporation proprietary – Citi 2016 Global Technology Conference
App developer friendly Highly secure Fully upgradeable
Rapid application development
11
Phoenix infotainment platform designed with app developers in mind
Publish to app store
OEM or Visteonvalidation
OTA app download
Current model for app development App development with Phoenix
Create and test app with SDK and simulator
DevelopmentSystem
Visteon Corporation proprietary – Citi 2016 Global Technology Conference
• 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
Open standards-based system architecture
12
Leverage latest developments in cyber security and open standards
Native services Browser/ Android
OS QNX/Linux
Hardware
Chromium-based middleware
Secure OS Linux
Secure hardware
Conventional system architecture Phoenix system architecture
Visteon Corporation proprietary – Citi 2016 Global Technology Conference
Native apps HTML/Android apps
Non-standard proprietary API without SDK
Ad hoc and limited security capability
HTML5 apps
JavaScript API with SDK and simulator
Secure hardware, operating system and HTML5 chromium-based middleware
It’s all about the API…
13
Unlocking innovation through open collaboration and developmentVisteon Corporation proprietary – Citi 2016 Global Technology Conference
Application Programming Interface
Software Development Kit
App Store
Extensive JavaScript API
Open standards with W3C
Covers all vehicle functionality
Visteon or OEM-managedSupport Windows, Linux and Mac
Libraries, docs and simulator
No restriction on HTML5 tools
Integrated test and validation
Integrated OTA updates
Most comprehensive cyber security
14
Security features built into every layer of platform for maximum protection
InfotainmentUnsecure system
InfotainmentSecure system
*****
Ad hoc security in current systems Phoenix cyber security architecture
***
Secure applications
Secure boot
Authentication and verification
Secure hardware
Secure network
***
***
Visteon Corporation proprietary – Citi 2016 Global Technology Conference
Secure over-the-air (OTA) updates
15
Phoenix supports block and file system updates for secure OTA upgrade
Block and File OTAsecure updates to vehicle
Full, incremental or apps
Phoenix secure OTA update
Visteon Corporation proprietary – Citi 2016 Global Technology Conference
System
Apps and data
4K
4K4K4K 4K
4K
4K4K4K 4K 4K4K
• Infotainment system contains code withdifferent levels of runtime privileges
• Operating system code must be block-updated for maximum security
• Apps and data can be updated using filesystem level updates
• Phoenix uses in-house technology thatperforms block and file-system OTAupdates
Autonomous drivingCiti 2016 Global Technology Conference
Our evolution to autonomous driving
• 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
17
One domain controllerDistribution on multiple ECUs
Today Future
Visteon Corporation proprietary – Citi 2016 Global Technology Conference
Actuators
ECUs
Sensors
Actuators
Visteon domain controller
Sensors
Our approach to autonomous driving
18
Collaborative approach to rapid algorithm development based on neural networks
Fail-safe centralizeddomain hardware
Open frameworkdesigned for algorithmic
developers
Neural networks
Visteon Corporation proprietary – Citi 2016 Global Technology Conference
Our technology roadmap
19
2015Launched domain controller for cockpit
2017Launch next-generation infotainment
2018Launch autonomous driving domain controller platform
Visteon Corporation proprietary – Citi 2016 Global Technology Conference