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November 2, 2016
Third quarter 2016 earnings call
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, certain investments and acquisitions 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.
2
Agenda
3
Operations overview
• Q3 2016 summary
• Technology update
Financial overview
• Q3 2016 results
• 2016 guidance
Q&A
Kevin Clark Chief Executive Officer
Joe Massaro Chief Financial Officer
Kevin Clark / Joe Massaro
Operations overview
Kevin Clark President and Chief Executive Officer
Highlights
5
• Revenue increased 10% to $4.1B
• Operating income expanded to $531M
• EPS increased 17% to $1.50
• Portfolio modification and efficient capital deployment continues
• New business bookings of ~$18B YTD
• Further strengthened our competitive position
Note: Revenue growth excludes impact of FX, commodities, the E&S divestiture and HellermannTyton acquisition;
EPS and operating income adjusted for restructuring and other special items; see Appendix for detail and reconciliation to US GAAP
Focused on execution
5
IAA CV Hanover 2016: “Driven by ideas”
6
Delphi showcases next-generation commercial vehicle technologies
6
To be updated
Paris Auto Show focus on electrification
7
Delphi’s electrification portfolio provides innovative customer solutions
“Electric cars are very important for the future – if
you’d like to offer sustainable mobility solutions then
you need electrified products.” – Automotive News
“We’re now flipping the switch, we’re
ready for the launch of an electric product
offensive that will cover all vehicle
segments.” – Bloomberg
Photos of the Paris Auto Show credited to Bitton and Paris Digest
“Plans to launch more than 30 electric
vehicles over the next decade, forecasting
they will account for about a quarter of
group deliveries by 2025.”
– Fortune
“Our vision of the electric market is that it is
not a niche market.” – Bloomberg
Comprehensive portfolio enables vehicle electrification
Electrification increases Delphi content per vehicle Powertrain Management Battery Management Electrical System
• Charging inlets and cables
• Internal battery connections
• 12V battery monitor
• Battery pack controller
• On-board charger
• Supervisory controller
• Supervisory software
• Inverter
• Combined inverter/converter
• 48V Driver module
• 48V fusing & distribution
• High power & voltage connectors
• High voltage shielded cable
• DC/DC converter
Full Hybrid (HEV)
5x CPV$
Plug-in Hybrid (PHEV)
7-8x CPV$
Electric Vehicle (EV)
7-8x CPV$
48V Mild Hybrid (Components and
Full System)
2-4x CPV$
Gasoline ICE
1x CPV$
8
Bookings growth
1 At constant foreign exchange rates
Note: Bookings represent lifetime gross program revenues awarded, based upon expected volumes and pricing
Significant portion of bookings in high growth products
9
GDi & Valve Train
Cumulative bookings (2013 – 2016 YTD) Continued bookings growth
($ billions)
Infotainment & User
Experience
48V / EV / HEV
~$4B ~$8B
~$3B ~$5B
Active Safety
$18
$20
$22
$24 $24
$26
$18
2010 2011 2012 2013 2014 2015 2016YTD
Scalable software platform
Reduced architecture complexity
Faster communication/interconnection
Multi-processor configurations
Delphi enables industry technology trends
Future system software optimization and upgradeability
Advanced computing platforms Active Safety & Infotainment functionality
10
Production launch in 2017 & 2018
Multi-Domain Controller (MDC) Integrated Cockpit Controller (ICC) Centralized sensor fusion and user experience control
Multi-Domain Controller
Integrated Cockpit
Controller
Radar Controller
Airbag Controller
Camera Controller
Crash Sensor
Controller
Detection System
Controller
Gesture Controller
Cluster Controller Head Unit
Controller
Radio Controller
V2X Connectivity Controller
11
Delphi and Mobileye CSLP level 4/5 platform
Offering a fully autonomous solution to OEMs by 2019
Mobileye’s best-in-class vision
(camera) systems and real-time
mapping and vehicle location
Mobileye Vision System
Cameras take a 360-degree
image around the car and
send it to the Multi-Domain
Controller. The images are
processed and objects are
identified.
Mobileye’s Policy and
Reinforcement Learning Systems
Helps negotiate with other human
drivers and pedestrians in complex
urban scenes.
Mobileye’s real-time
mapping and vehicle
location (REMTM)
Performs detailed
interpretations of camera
images to map the area
around the vehicle and
plots a drivable path.
Delphi’s Ottomatika Automated Driving software, sensor suite, and computing platform
• Radars: Radio waves sent
out and bounce off objects,
like this pedestrian. The
speed and distance of these
objects is calculated in any
weather, day or night.
• LiDAR: Light pulses sent
out and reflect off objects
like this pedestrian. LiDAR
identifies the object as a
person and her distance
from the car, day or night.
• RACam: Combines a mid-
range radar and a forward-
facing camera that can see
and identify the pedestrian,
plus sense objects further
down the road.
Delphi’s Multi-Domain Controller
Information from the sensing systems as well as mapping and navigation
data is fused to make driving decisions such as when to stop or go.
Delphi’s Sensor Suite
76GHz Short Range Radar for 360° Sensing 3D Gesture Recognition System
12
PACE award finalists
Engineering excellence yields innovative product portfolio
12
4 SSR Radars in 360 deg Configuration
60 50 40 30 20 10 0 10 20 30 40 50 60 90
80
70
60
50
40
30
20
10
0
10
20
30
40
50
60
70
80
90
Cross Range - X (m)
Dow
n R
ange -
Y (
m)
80 m
+/- 75 deg,
250 MHz BW
50 msec
40 m
+/- 75 deg,
500 MHz BW
50 msec
Superior radar performance
enables more sophisticated
features, including:
1) Frontal cross-traffic alert
2) Lateral collision avoidance
3) Evasive steering maneuvers
4) Automatic lane changes
5) Parking space detection
Financial overview
Joe Massaro Chief Financial Officer and Senior Vice President
Q3 2016 vs. Q3 2015 ($ millions, except per share amounts)
14
Delivered double digit organic revenue and earnings growth
Reported revenue Growth %
Earnings per share2
Growth %
Operating cash flow
Q3 2016 Q3 2015 B/(W)
$4,091 $3,631 $460
13%/10%1
$704 17.2%
$601 16.6%
$103 60 bps
$1.50 $1.28 $0.22 17%
$415 $394 $21
EBITDA2
EBITDA margin %
$531 13.0%
$470 12.9%
$61 10 bps
Operating income2
Operating margin %
1 At constant foreign exchange and commodity rates; excludes impact of the E&S divestiture and HellermannTyton acquisition
2 Adjusted for restructuring and other special items; see Appendix for detail and reconciliation to US GAAP
Year-over-year growth by region Q3 2016 vs. Q3 2015
15
Revenue growth
Strong outperformance globally
$3,631
$436 $185
($71) ($90)
$4,091
Q3 2015 Sales
growth
Price FX/
commodities
Q3 2016
Reported
Q3 2016
Adjusted1
Q3 2016
Europe 11% 7%
N. America 10% 9%
Asia 20% 19%
S. America 5% (13%)
Total 13% 10%
($ millions)
Acquisitions/
divestitures
1 Growth rates at constant foreign exchange and commodity rates; excludes impact of the E&S divestiture and HellermannTyton acquisition
$470
$117 $22 $8
($15)
($71)
$531
Q3 2015 Sales Acquisitions/ Net FX/ Price Q3 2016
growth divestitures performance commodities
Note: Operating income adjusted for restructuring and other special items; see Appendix for detail and reconciliation to US GAAP
12.9%
13.0%
Operating income growth Q3 2016 vs. Q3 2015
($ millions)
16
Margin expansion while investing for growth
16
Operating income1,3 Revenue1,2
1 Reflects reclassification of Power Electronics product line from E&S to Powertrain for all periods to align with updated management reporting structure
2 At constant foreign exchange and commodity rates; excludes impact of the E&S divestiture and HellermannTyton acquisition
3 Adjusted for restructuring and other special items; margin calculations based on reported revenue. See Appendix for detail and reconciliation to US GAAP 17
Segment financials
Solid growth in all segments
($ millions) ($ millions)
$1,941
$1,064
$653
$2,147
$1,108
$763
E/EA Powertrain E&S
$1,941 $2,287 $1,064 $1,077 $668 $763
$263
$115 $92
$316
$120
$95
E/EA Powertrain E&S
13.5% 13.8% 10.8% 11.1% 13.8% 12.5% Operating
margin3
18% 1% 14% Reported
4% 17% Adjusted2
Q3 2016 growth
11%
Q3 2015
Q3 2016
$2,078
$1,081
$640
$2,175
$1,135
$720
E/EA Powertrain E&S
Q1 2015
Q1 2016
Note: Power
Electronics
realignment Note: Power
Electronics
realignment
Q3 2015
Q3 2016
$2,078
$1,081
$640
$2,175
$1,135
$720
E/EA Powertrain E&S
Q1 2015
Q1 2016
Reported
revenue
$1.28
$0.27 $0.06
($0.05) ($0.06)
$1.50
Q3 20151 Operating2 Share FX/ Taxes/ Q3 20161
income repurchases commodities other
Earnings per share
1 Adjusted for restructuring and other special items; see Appendix for detail and reconciliation to US GAAP
2 Adjusted for restructuring and other special items and at constant foreign exchange and commodity rates; see Appendix for detail and reconciliation to US GAAP 18
Q3 2016 vs. Q3 2015
Another quarter of double digit EPS growth
6.6
9.4
Before refinancing After refinancing
Refinancing enables flexibility
Capital allocation strategy remains unchanged
Weighted average maturity Capital deployment
~$40
~$20
Interest on prior notes Interest on new issuance
19
Interest expense
(years)
($ millions)
($ billions)
~$8 ~$4
2014 - 2016 YTD LTM
Capex Dividends Share repurchases M&A
~3 year
increase
~$20M
annual
savings
Free cash flow1
$490
$644
2015 YTD 2016 YTD
($ millions)
100% 100%
1 See Appendix for detail and reconciliation to US GAAP
2016 guidance
20
($ millions, except per share amounts)
Reported sales
Adjusted growth1
$4,050 - $4,150
~4%
$16,400 - $16,500
6% - 7%
Operating income2
Operating margin
$545 - $575
~13.7%
$2,160 - $2,190
13.2% - 13.3%
EPS2
Growth
$1.55 - $1.65
~15%
$6.00 - $6.10
~16%
Tax rate2
15% - 16%
17%
Operating cash flow
Capex
~$600
~$150
$1,900
$800
Improved outlook underscores strong finish to 2016
Q4 2016 CY 2016
1 Average actual 2015 exchange rates; revenue growth is adjusted for FX, commodities, the E&S divestiture and the HellermannTyton acquisition
2 Adjusted for restructuring and other special items
Wrap up
21
• Delivered strong Q3 performance – Double-digit sales growth driven by new launches and higher content
– Lean cost structure enables growth investment
• Confident in 2016 outlook – Technology and innovation yield accelerated sales growth
– Delivering incremental value through accretive capital deployment
• Well positioned for continued growth and operating performance – Most relevant portfolio in the industry
– More attractive cost structure yielding more income and cash
– Flexible business model, efficient capital structure, more profitable growth
Focused on execution
21
Making it possible.
Appendix
($ millions) Q3 2016 Q3 2015
Net income attributable to Delphi $293 $404
Interest expense $41 $30
Other expense (income), net $66 $11
Income tax expense $57 $61
Equity income, net of tax ($10) ($5)
Income from discontinued operations, net of tax - ($54)
Net income attributable to noncontrolling interest $13 $14
Operating income $460 $461
Restructuring $63 $36
Other acquisition and portfolio project costs $7 $12
Asset impairments $1 -
(Gain) loss on business divestitures, net - ($39)
Adjusted operating income $531 $470
The company’s guidance was determined using a consistent manner and methodology
Non-US GAAP financial metrics
24
Non-US GAAP financial metrics ($ millions) Q3 2016 Q3 2015
Net income attributable to Delphi $293 $404
Interest expense $41 $30
Other (income) expense, net $66 $11
Income tax expense $57 $61
Equity income, net of tax ($10) ($5)
(Income) loss from discontinued operations, net of tax - ($54)
Net income attributable to noncontrolling interest $13 $14
Operating income $460 $461
Depreciation and amortization $174 $131
EBITDA $634 $592
Restructuring $63 $36
Other acquisition and portfolio project costs $7 $12
(Gain) loss on business divestitures, net - ($39)
Adjusted EBITDA $704 $601
25
($ millions) Q3 2016 Q3 2015
Net income attributable to Delphi $293 $404
Income from discontinued operations attributable to Delphi, net of tax - ($53)
Income from continuing operations attributable to Delphi $293 $351
Adjusting items:
Restructuring $63 $36
Other acquisition and portfolio project costs $7 $12
Asset impairments $1 -
(Gain) loss on business divestitures, net - ($39)
Debt extinguishment costs $73 -
Transaction and related costs associated with acquisitions - $12
Tax impact of adjusting items (a) ($28) ($7)
Adjusted net income attributable to Delphi $409 $365
Weighted average number of diluted shares outstanding 272.77 284.40
Diluted net income per share from continuing operations attributable to Delphi $1.07 $1.23
Adjusted net income per share $1.50 $1.28
(a) Represents the income tax impacts of the adjustments made for restructuring and other special items by calculating the income tax impact of these items using
the appropriate tax rate for the jurisdiction where charges were incurred.
The company’s guidance was determined using a consistent manner and methodology
Non-US GAAP financial metrics
26
Non-US GAAP financial metrics
27
(millions) Q3 2016 Q3 2015
Net cash provided by operating activities from continuing operations $1,258 $1,029
Capital expenditures ($614) ($539)
Free cash flow $644 $490
27
Shares outstanding
28
(millions) Q3 2016 Q3 2015
Weighted average ordinary shares outstanding, basic 272.19 282.97
Dilutive shares related to RSUs 0.58 1.43
Weighted average ordinary shares outstanding, including dilutive shares 272.77 284.40
28