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2019 Annual Results Announcement

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2019 Annual Results Announcement 2019 Annual Results Announcement 30 March 2020 Copyright 2020, Nexteer Automotive Corporation. All rights reserved. 1 Safe Harbor Statement These materials have been prepared by Nexteer Automotive Group Limited (“Nexteer” or the “Company”) and are being furnished to you solely for informational purposes. The information contained in these materials has not been independently verified. NO REPRESENTATION OR WARRANTY EXPRESS OR IMPLIED IS MADE AS TO, AND NO RELIANCE SHOULD BE PLACED ON, THE FAIRNESS, ACCURACY, COMPLETENESS OR CORRECTNESS OF THE INFORMATION OR OPINIONS CONTAINED HEREIN. It is not the intention to provide, and you may not rely on these materials as providing, a complete or comprehensive analysis of the Company’s financial or trading position or prospects. Neither Nexteer nor any of its affiliates, advisors or representatives shall have any liability whatsoever (in negligence or otherwise) for any loss that may arise from any use of this presentation or its contents or otherwise arising in connection with this presentation. Certain statements contained in these materials constitute forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, many of which are beyond our control, which may cause the actual results, performance or achievements of the Company to be materially different from those expressed by, or implied by the forward-looking statements in these materials. The Company undertakes no obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. Many factors may cause the actual development to be materially different from the expectations expressed here. Such factors include, for example and without limitation, changes in general economic and business conditions, fluctuations in currency exchange rates or interest rates, the introduction of competing products, the lack of acceptance for new products or services and changes in business strategy. In this document, all references to “Booked Business Amount” are to our estimation of the value of all booked business under contracts that have been awarded to us. The Booked Business Amount is based on estimated lifetime volume of the programs derived from indicative production arrangements provided by the applicable OEM customers and information provided by third-party industry sources. In calculating the Booked Business Amount, we also assume that the relevant contracts will be performed in accordance with their terms. Any modification or suspension of the contracts related to the booked business by our customers could have a material and adverse effect on the value of the booked business. The value of booked business is not a measure defined by International Financial Reporting Standards (“IFRS”), and our methodology for determining the Booked Business Amount may not be comparable to the methodology used by comparable companies in determining the value of their booked business. While we believe that our current Booked Business Amount is a relevant financial metric, the information in relation to the booked business and the Booked Business Amount included in this document does not constitute a projection, forecast or prediction of our profits, and the actual contract value may be different from the estimated Booked Business Amount due to various factors and uncertainties beyond our control. We cannot assure you that our estimated Booked Business Amount contained in this document will be indicative of our future operating results. This document does not constitute an offer, solicitation, invitation, or recommendation to purchase or subscribe for any securities and no part of it shall form the basis of or be relied upon in connection with any contract, commitment or investment decision in relation thereto. 2 Presenters BILL ROBIN QUIGLEY MILAVEC Senior Vice President Senior Vice President Chief Financial Officer Chief Technology Officer Chief Strategy Officer 3 CONFIDENTIAL 2019 Business Highlights ROBIN MILAVEC Senior Vice President Chief Technology Officer Chief Strategy Officer 4 2019 Business Highlights – Overview EPS unit Product quality & delivery reached reliability at historic high 50% units Secured FST Steering 3rd of new business 8.5M consecutive generation at booked was conquest CIS breakthrough wins with GM & Ford US- #1 domestic global REPS Bigproducer 3 - Maintained all incumbencies 2nd DL breakthrough win - Extending segment with Premium Euro OEM dominance to EV trucks & consecutive year mid-size trucks - OTD Backlog $26.4B EPS breakthrough win DPEPS 5 Strategy for Profitable Growth Expand Strengthen Capitalize on Optimize Cost Pursue Select Target China & Diversify Technology EPS as Enabler Structure Acquisitions & Emerging Revenue Base Leadership for ADAS & Alliances Market A well-defined plan to drive stakeholder value 6 2019 Business Highlights Successful launch of Strategic expansion of Committed investment 45 programs across product portfolio and in technology leadership multiple product lines, global footprint for future growth regions and customers Continued focus on Increased operational efficiency Order-to-Delivery and execution Backlog to $26.4 billion in spite of significant reduction of industry volume forecast 7 Launched 45 Major Programs in 2019 NORTH AMERICA EMEA - SA APAC ( 1 3 ) ( 4 ) ( 2 8 ) Peugeot 2008 Chevrolet Silverado HD, GMC Sierra HD SPEPS Baojun RS-3 MG Hector BYD Yuan BYD E2 Gear; Pump; Driveline; I-shaft CEPS CEPS CEPS CEPS Opel Corsa SPEPS Cadillac CT5 Cadillac XT6 Chang’An Chang’An Renault eGT K-Ze Renault Triber Column Driveline; REPS Oussan X7 CS35 Plus CEPS CEPS; Driveline CEPS*; Driveline Driveline DS3 Crossback SPEPS GAC Aion S Ford Explorer Lincoln Aviator Peugeot 208 Chery Arrizo GX Buick Encore Chevrolet Trax CEPS Column; Driveline Column; Driveline SPEPS CEPS CEPS; Driveline CEPS; Driveline ▪ Karma Revero, Revero GT, Revero GTS - Column ▪ BYD F3 - CEPS ▪ Cadillac XT6 - Driveline; REPS ▪ Ford F-53, Ford F-59 - Column ▪ Chery Exeed LX - Driveline ▪ Nissan DAYZ - Driveline ▪ Chery Exeed VX - Driveline ▪ Mitsubishi eK Wagon - Driveline ▪ Mahindra & Mahindra XUV300 - Driveline ▪ Maruti-Suzuki S-Presso- Driveline *Chongqing JV | **Dongfeng JV | ▪ Peugeot 208 - SPEPS** ▪ Tata Harrier - Driveline; Pump Incumbent business | New business 8 2019 Business Highlights Successful launch of 45 Strategic expansion of Committed investment programs across multiple product portfolio and in technology leadership product lines, regions global footprint for future growth and customers Continued focus on Increased operational efficiency Order-to-Delivery and execution Backlog to $26.4 billion in spite of significant reduction of industry volume forecast 9 Backlog Update ORDER - TO- DELIVERY BACKLOG* AS OF DEC. 31, 2019 ($ in billions) 17% 23% $26.2 $26.4 $25.2 11% $26.4B $26.4B 54% 3% EPS 24% 69% CIS N. America HPS Asia Pac. DL EMEA-SA $26.4B Mar 31, Dec 31, Dec 31, 35% New Booking Composition 2017 2018 2019 (Prior Historic High) New / Conquest 50% 17% 16% 11% 9% 9% Incumbent 50% * Booked business information is compiled through our internal records, and 3% such information has not been audited nor reviewed by our auditors. 1% GM Ford FCA BMW PSA RNM SGMW Others 1010 Conquest Highlights 2019 REPS REPS $3.5B CEPS New Business DPEPS ▪ Technology Column ▪ Quality / Reliability Halfshafts ▪ Customer Focused Culture Halfshafts ▪ Execution 1111 2019 Business Highlights Successful launch of 45 Strategic expansion of Committed investment programs across multiple product portfolio and in technology leadership product lines, regions global footprint for future growth and customers Continued focus on Increased operational efficiency Order-to-Delivery and execution Backlog to $26.4 billion in spite of significant reduction of industry volume forecast 1212 Strategic Expansion of Product Portfolio Fast time to revenue Breakthrough – Dual Pinion EPS Portfolio Expansion Competency alignment Won First DPEPS Business Globally Large market size Competitive landscape Product Strategy Product Established relationships 13 Strategic Expansion of Product Portfolio Fast time to revenue Breakthrough – Driveline in European Market Competency alignment Large market size Competitive landscape Product Strategy Product Re-entered DL Established relationships Business in Europe 14 Strategic Expansion of Product Portfolio Key Driveline Technologies – NEV Focused Parametric Trunnion Tripot CrossGlide 8-Ball Joint Improves durability life of the halfshaft by Low mass 8-ball style plunging joint with 100%, which enables the use of smaller, ideal NVH characteristics for RWD EV lighter joints applications High Efficiency CV 8-Ball Joint MTS Monobloc Tubular Shafts 50% reduction in mechanical loss in One-piece tubular axle shafts for lower halfshafts supporting increased efficiency mass for rear and front drive ICE and EV requirements for ICE and EV applications applications 15 Strategic Expansion of Global Footprint WUHAN, CHINA EPS manufacturing JV with Dongfeng KENITRA, MOROCCO BANGALORE, INDIA EPS and Driveline Software center manufacturing +13,000 employees manufacturing 28 facilities global technical & CHENNAI, INDIA SUZHOU, CHINA 4 software centers EPS and Driveline APAC regional manufacturing technical center 16 Kenitra, Morocco Field to Factory – 10 Months 1717 Suzhou, China Increased Regional Autonomy 1818 2019 Business Highlights Successful launch of 45 Strategic expansion of Committed investment programs across multiple
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