Visteon Q4 and Full-Year 2020 Earnings February 18, 2021 Visteon Confidential Q4 and 2020 Summary Net Sales Adjusted EBITDA Adjusted FCF $787 Million $75 Million $96 Million in FY +5% Y/Y (1) 9.5% Margin $59 Million in Q4 WELL POSITIONED TO OUTPERFORM MARKET WON MARKET-LEADING CONTINUED IMPLEMENTED MAINTAINED SIGNIFICANT PRODUCT LAUNCH COST-CONTROL STRONG NEW BUSINESS PORTFOLIO MOMENTUM INITIATIVES LIQUIDITY $4.6 billion in FY Next-gen digital 55 new products Substantial structural $151 million net cash new business wins offerings including BMS with OEMs in FY savings position at end of FY 1 (1) Excludes Y/Y impact of currency fluctuations Q4 2020 Sales Performance Continued to outperform vehicle production Continued to Outperform Key Highlights by Region Customer Vehicle Production in Q4 Visteon’s global sales increased 5% y/y Americas 15% . Ramp up of Android infotainment system with VW Brazil . Increased content on Ford F-150 including digital cluster, audio infotainment and telematics 5% 2% Europe . Ramp up of digital cluster with Daimler . Continued growth of all-digital cluster with PSA Global Americas Europe Asia and Renault (1%) (2%) (2%) (3%) Asia . Digital cluster and display launches offsetting 2019 (4%) SGM sales promotion . Ongoing roll off of Mazda infotainment partially offset Visteon Sales y/y (ex. FX) Top Customers Production(1) by cluster launches with Hyundai and Mazda 2 (1) Reflects Y/Y growth in industry production volumes for Visteon customers weighted on Visteon sales contribution Product Launches Continued momentum in activity with double-digit launches Q4 Product Launch Highlights FY 2020 Highlights 55 New products launched with 22 OEMs $5B Lifetime value of new product launches Renault K-Ze EV Volkswagen Platform SGM Cadillac CT4 Digital Cluster Digital Cluster Digital Cluster 20+ All-digital cluster launches in the year Launched Android-based infotainment system Mercedes AMG Land Rover Honda Two-Wheeler Digital Cluster Integrated Control Panel Instrument Cluster and Controls Launched next-gen SmartCore™ system on EV 3 New Business Wins $3 billion new business wins in second half Key Q4 New Business Wins $4.6B in FY 2020 New Business Wins All Other Battery Management Displays 3% Accelerating momentum in 12% BMS with additional OEM win Battery 47% 18% Clusters Management $4.6B FY 2020 NBWs SmartCore™ Two-Wheeler Cockpit Digital content continuing to expand in two-wheeler market 20% Infotainment Multi-Display Module Dual 14” with integrated 3 2 3 all-digital cluster New OEM customers Total global OEMs for Total commercial vehicle added in 2020 new wireless BMS OEMs for digital cockpit 4 Visteon Product Evolution Continued transformation despite industry challenges 2020 Highlights Digital Key Auto Trends ~50% of total cluster sales in Q4 2020 Clusters Android Launched 1st Android infotainment system Infotainment Multi-Display Won large 14” multi-display module Modules SmartCore™ Launched first SmartCore on EV Wireless Battery Awarded program with new OEM Management (BMS) Developed improved vision algorithm and DriveCore™ integrated driver monitoring system 5 Key Factors Driving 2021 Guidance Automotive Volumes Supply Chain Shortages 2021 recovery driven by retail demand and Capacity constraints in semiconductors inventory restocking limiting production growth Continued Program Launches COVID-19 Another year of 50+ launches with $7B+ in Driving uncertainty in retail demand, supply lifetime revenue continuity and logistics Cost Savings Restructuring offsetting non-recurrence of short-term austerity measures 6 2021 Industry Expectations Industry growth muted due to semiconductor shortages Industry Vehicle Production Forecast ~80M 2021 Production Forecast Considerations ~8% ~75M Global Production Recovery Retail demand resiliency and inventory restocking driving production growth Semiconductor Shortage 10 – 15% semiconductor shortage in 1H due to faster than anticipated auto recovery 2H 2021 Rebound Semiconductor constraints expected to dissipate due to increasing supply 2020 2021 Forecast (1) 7 (1) Visteon internal projections 2021 New Product Launch Activity Building on 2020 momentum with high-profile launches Key Product Launches Anticipated for 2021 2021 Launch Summary 50+ Planned launches with ~20 OEMs European OEM Platform Japanese OEM Electric SUV Asian OEM SUV $7B+ Lifetime revenue of planned launches Digital Cluster Multi-Display Module Android-Based Digital Cockpit st 1 Wireless BMS program launch 2 SmartCore™ program launches European Luxury OEM North American EV Platform Asian OEM Platform Multiple Display Module Battery Management, Android-Based Digital Cockpit Digital Cluster 2 Multi-display module launches 8 Business Plan 2021 – 2023 Visteon sales growth set to outpace industry production growth Industry Vehicle Production Visteon Sales Forecasted to CAGR of 6% 2020 – 2023 Outperform Industry Volumes Visteon Assumptions for Global Industry Production ~$4B 8-12% 95M Growth-Over-Market $3.2B ~$2.875-$3.025B $2.5B ~89M ~80M ~75M 2016 2017 2018 2019 2020 2021 2022 2023 2017 2020 2021 2023 9 Summary Resilient Performance in a Challenging Environment Delivered continued growth-over-market and 9.5% adjusted EBITDA margin in Q4 Continuing to Build the Foundation for Future Growth Launched 55 new products and won $4.6 billion of new business in 2020 Strengthening the Cockpit Technology Portfolio Continued momentum of next-gen cockpit with all-digital cluster launches Aligned with Emerging Shift to Electric Vehicles Cockpit electronics, large displays and battery management systems driving growth Recovery in 2021 Setting Stage for Robust Growth Positioned to continue market outperformance 10 Q4 and Full-Year 2020 Financial Results February 18, 2021 2020 in Review Resilient performance in challenging environment Sustainable Growth- Disciplined Cost Drove Cash Strong Over-Market Performance Flow Generation Balance Sheet Record number of launches Implemented structural cost Disciplined capital allocation $500M in cash to provide flexibility driving outperformance savings initiatives early in year driving capex down ~25% y/y and support growth Transition to all-digital clusters Enacted short-term austerity Implemented prudent working $151M in net cash after $349M in driving growth measures in Q2 and Q3 capital management measures long-term debt Product transformation FY net engineering down ~30% Benefitted from timing of No debt maturities until 2024 continuing to accelerate and SG&A down ~15% y/y working capital inflows providing ample flexibility 55 ~15% $96M $500M Full-Year Launch Full-Year Decremental Full-Year Adj. Total Cash at Activity Margins(1) Free Cash Flow Year-End 12 (1) Excludes $18 million of non-recurring charges in 2019 2H 2020 vs. 1H 2020 Key Drivers Proactive initiatives driving resiliency in challenging year (Dollars in millions) Sales Adjusted EBITDA Key Drivers +$520 +$132 ▲ Industry recovery and continued market outperformance $1,534 ▲ Operational savings realized leading $162 to double digit EBITDA margin in 2H $1,014 ▲ Engineering and SG&A efficiencies including footprint optimization 10.6% ▲ Short-term measures in Q3 and margin reduced activity level spending $30 ▼ Higher supply chain costs impacting 3.0% margin industry 1H 2020 2H 2020 1H 2020 2H 2020 13 2020 Cash Flow and Balance Sheet Continued to strengthen net cash position Strong Balance Sheet FY FY (Dollars in Millions) 2019 2020 $500 million Provides flexibility and Adjusted EBITDA $234 $192 Cash supports future growth Trade Working Capital 53 36 $151 million Cash Taxes (40) (19) No material debt maturities Interest Payments (15) (23) Net Cash until 2024 Other Changes (34) 14 (0.8x) Capital Expenditures (142) (104) Strong balance sheet provides Net Debt / significant flexibility LTM EBITDA Adjusted FCF $56 $96 14 2021 Guidance (Dollars in millions) 2020 Actuals 2021 Guidance 2021 Commentary . Expecting industry production up ~8% (including semiconductor impact) Sales $2,548 $2,875 - $3,025 +16% y/y . Visteon GoM mid-to-high single digits driven by continued new program launches . Benefiting from higher sales levels and structural cost savings Adj. EBITDA $192 $230 - $270 EBITDA Margin 7.5% ~8.5% . Non-recurrence of short term austerity measures . ~($30M) supply chain impact . Capex of ~$115 million (~4% of sales) Adj. FCF $96 $35 - $65 . Reversal of 2020 favorable working capital timing . ~($30M) supply chain impact 15 EBITDA Progression 2021 margin expansion despite near-term uncertainty Adjusted EBITDA (2020 to 2021) Key Assumptions and Outlook 100 bps Volumes Supply Chain 200 bps Headwinds Higher sales from production growth and continued GoM (100 bps) ~8.5% (100 bps) Adjustments 7.5% Structural savings providing sustainable margin expansion Supply Chain Headwinds Near-term impact due to lower volumes and higher costs 2023 Margin Target 12% Adj. EBITDA target (~$4B+ 2020 Scale / Structural 2020 Austerity Supply Chain 2021 in sales in 2023) Actuals Activity Measures Impact Midpoint 16 Investment Thesis Visteon is a compelling long-term investment opportunity Digital Cockpit Innovative Product Competitive Cost Strong Electronics Leader Portfolio Structure Balance Sheet Digital cockpit leader for cars, Leading analog-to-digital Leveraging industry-leading $500M in cash to provide flexibility trucks and two-wheelers transition in automotive cockpits engineering footprint and support future growth Supporting industry shift to Industry leader in cockpit Optimizing spend through No material debt maturities