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May 4, 2016
First quarter 2016earnings 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
• Q1 2016 in review
• Summary
Financial overview
• Q1 2016 results
• 2016 guidance
Q&A
Kevin Clark Chief Executive Officer
Joe MassaroChief Financial Officer
Kevin Clark/
Joe Massaro
Operations overview
Kevin ClarkPresident and Chief Executive Officer
Summary
5
• Another quarter of strong performance– Solid revenue performance driving 6% adjusted growth
– Operating income growth, continued margin expansion
– EPS up 12%; high-end of guidance
– Returned $450 million of cash to shareholders through share repurchases and dividends
• Confident in 2016– Balanced macro environment; accelerating growth across portfolio
– Disciplined cost focus driving operating income and cash generation for future growth investments
• Investor Update Meeting Outperformance continues– Strong bookings and multi-year tailwinds driving increased content and margin expansion
– Convergence of safe, green and connected technologies yielding exciting new Delphi solutions
– Increased cash generation upside from effective deployment
Note: Revenue growth excludes impact of FX, commodities, the E&S divestiture and HellermannTyton acquisition;
EPS growth and operating margins are adjusted for restructuring and other special items; see Appendix for detail and reconcil iation to US GAAP
Delivering on our commitments
Pricing
Current macro outlook
6
Positive trends Neutral Challenges
High-growth verticals: ADAS, GDi, vehicle connectivity
and electrical architecture
China
production
Consumer &
regulatory demands
North American
production
CommoditiesSouth American
production
Eastern European
production
European
production
Balanced view of 2016 versus guidance
Commercial
vehicle marketExchange rates (Euro, GBP, BRL and CNY)
Pricing
Japan earthquake
impact
Beijing Auto Show 2016
7
Fostering customer relationships in fastest growing region
Ford
Jaguar Land Rover
PSA
Great Wall Motor
Innovation, Collaboration, Excellence
Bookings growth
1 At constant foreign exchange rates
Note: Bookings represent lifetime gross program revenues awarded, based upon expected volumes and pricing
($ billions)
$18
$20
$22
$24 $24
$26
$7
2010 2011 2012 2013 2014 2015 Q1 2016
Europe22%
Asia36%
Americas42%
Strong first quarter bookings growth
Q1 2016 bookings by region
8
Continued bookings growth
Q1 2016 major launches
9
Strong launch activity
2016 BMW Active Tourer Powertrain components
2016 BMW X5Onboard charger for plug-in HEV
2016 Buick ExcelleIntegrated infotainment center panel
2016 Kia CadenzaShort range radar
2016 Dodge RAM TruckInfotainment head unit
2016 Lincoln MKXMedia control module
Creating intelligent electrification with 48V solution
Improved functionality, better performance, greater efficiencyOptimized electrical architecture is the foundation
DC/DC converter
Connected InfotainmentEngine control
Active Safety
Builds on electrical solution competency
• Includes electrical architecture, power
electronics and management
Fuel injection systems
Optimized electrification architecture
Valve Train & engine sensors
Software, software, software…
Designs a custom vehicle architecture
• Maximizes the use of power, moving high load
components to 48V & incorporating all desired
comfort, convenience & functional features
Incorporates Delphi’s suite of products
Th
e D
elp
hi so
luti
on
48V electrification Enabling intelligent electrification
10
Customized vehicle architectures for all applications
Winning with Innovation
11
Dual Role
HubInverter Power Device for
Electrified Vehicles
High Voltage
Splice Connection
GM Supplier
of the Year
2016 PACE Award Winner #18 2016 PACE Finalist 2016 PACE Finalist 2015 Innovation Award
Dual Role Chip Technology:
Enabling Apple CarPlay
functionality at lowest cost
• Only single chip hub solution
currently in the market
• Latest technology with industry
leading packaging and low cost
Game changing technology
• Mass and volume reduction;
increased power density
• Enables Delphi to capture increased
share of the market
Proprietary technology that
allows two electrical loads
to share one fuse
• Reduces cost and complexity
• Eliminates 20 feet of wire and
numerous connectors and headers
Honored for the V2X
Module introduced on 2017
Cadillac CT6
• One of five suppliers, among
thousands globally recognized for
inaugural Innovation Award
• First to market with this technology
Recognition from the industry and our customers
Delphi investment thesis
12
Organic growth
acceleration
• Growing faster than
served markets
• Targeted market
penetration
• Well-positioned for key
customers in region
• Optimized cost structure
• Enterprise operating
system advancements
• Flexible global footprint
adaptation
• Balanced, predictable
cash deployment
• Laser-focused on
shareholder return
• Essential, accretive
portfolio enhancements
Margin
expansion
Capital
allocation
• Portfolio aligned to mega-
trends
• Increasing exposure to
key technologies
• Global scale and reach
for key markets
Portfolio
management
Delivering value is at the core of what we do
Financial overview
Joe MassaroChief Financial Officer and Senior Vice President
Q1 2016 vs. Q1 2015($ millions, except per share amounts)
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; includes D&A of $162M and $128M for Q1 2016 and Q1 2015, respectively. See Appendix for detail and reconciliation to US GAAP
3 Adjusted for restructuring and other special items; see Appendix for detail and reconciliation to US GAAP14
Record performance in the quarter
Reported revenueGrowth %
Operating income2
Operating margin %
Net income3
Earnings per share3
Growth %
Q1 2016 Q1 2015 B/(W)
$4,051 $3,797$254
7%/6%1
$50912.6%
$47212.4%
$3720 bps
$377 $353 $24
$1.36 $1.21$0.1512%
Year-over-year growth by region Q1 2016 vs. Q1 2015
1 Growth rates at constant foreign exchange and commodity rates; excludes impact of the E&S divestiture and HellermannTyton acquisition15
Revenue growth
Strong revenue growth
$3,797
$314 $162
($81) ($141)
$4,051
Q1 2015 Sales
growth
Price FX/
commodities
Q1 2016
Reported
Q1 2016
Adjusted1
Q1 2016
Europe 11% 9%
N. America 7% 5%
Asia 6% 8%
S. America (37%) (24%)
Total 7% 6%
($ millions)
Acquisitions/
divestitures
$472
$90 $20 $6 $2
($81)
$509
Q1 2015 Sales Acquisitions/ FX/ Net Price Q1 2016
growth divestitures commodities performance
Note: Operating income adjusted for restructuring and other special items; see Appendix for detail and reconciliation to US GAAP
12.4%12.6%
Operating income growthQ1 2016 vs. Q1 2015($ millions)
16
Solid flow through funding growth
Operating income2Revenue1
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; margin calculations based on reported revenue. See Appendix for detail and reconciliation to US GAAP17
Segment financials
Solid segment performance
($ millions) ($ millions)
$2,078
$1,081
$640
$2,175
$1,135
$720
E/EA Powertrain E&S
$2,078 $2,277 $1,081 $1,094 $682 $720Reported
Revenue
$264
$129
$79
$305
$130
$74
E/EA Powertrain E&S
12.7% 13.4% 11.9% 11.9% 11.6% 10.3%Operating income
margin2
10% 1% 6%Reported
Q1 2015
5% 13%Adjusted1
Q1 2016 growth
5%
Q1 2016
Q1 2015
Q1 2016
$2,078
$1,081
$640
$2,175
$1,135
$720
E/EA Powertrain E&S
Q1 2015
Q1 2016
$2,078
$1,081
$640
$2,175
$1,135
$720
E/EA Powertrain E&S
Q1 2015
Q1 2016
$1.21
$0.11$0.07 $0.01
($0.04)
$1.36
Q1 20151 Operating2 Share FX/ Taxes/ Q1 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 GAAP18
Q1 2016 vs. Q1 2015
Continued solid earnings growth
2016 guidance
19
(millions, except per share amounts)
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
3 Includes estimated mid-point revenue and adjusted operating income impacts of $75M and $20M, respectively, from Japan earthquake in Q2 2016; recovery expected in second half of 2016
Reaffirming full year guidance
Commentary2016 outlook
Reported sales
Adjusted growth1
$16,600 - $17,000
8% - 10%
$4,125 - $4,225
6% - 9%
Operating income2
Operating margin
$2,200 - $2,300
13.3% - 13.6%
$555 - $585
13.5% - 13.8%
EPS2
Tax rate
$5.80 - $6.10
17%
$1.50 - $1.60
17%
Cash flow from
operations
Capex
$2,000
$800
Growth outpacing underlying market in every region
Accelerated growth from new launches throughout the year
Monitoring global vehicle production, FX, CV and Japan impact
Material and manufacturing performance upside
Launch volume continues to impact engineering performance
Double-digit earnings growth
Increased share repurchase authorization
Increased cash flow generation
Disciplined investment in the business through capex & M&A
Returning excess cash to shareholders
CY 2016 Q2 20163
Cash generation and deployment
20
Dividends
10-15%
• Increased dividend payout to 15% of operating cash flow
• Increased annual dividend from $1.00 to $1.16
Capital
Expenditures
35-40%
• Supporting customer launches
• Technology tools for increasing business efficiency
• Further optimizing global footprint
M&A and
share
repurchases
45-55%
• Portfolio modifications strengthen competitive position
• Pursue strategic transactions that enhance value
• New $1.5B share repurchase authorization
Capital allocation strategy remains the same
Operating cash flow growth Capital deployment
$1.7
2015 2016E
($ billions)
$2.0
2015
Refocused core portfolio
2015
Software for automated driving
Value enhancing portfolio modifications
2012
(MVL)
Strengthened leading position in connectors
2015 Thermal divestituresWholly owned and
Korean JV
Refocused E&S portfolio
2015
Solid state LiDAR startup
2015
Software-as-a-service for data management
2014
Expanded connectivity products portfolio
2014
Reception Systems divestiture
Expanded connectivity products portfolio
2015
Software for dynamic cylinder deactivation
2015
Enhanced position in electrical architecture
Investment DivestitureAcquisition
21
2016
Thermal divestitureChina JV
Refocusedcore portfolio
2016
Multi-layer 3D display technology
Unwired
Transactions that increase shareholder value
Summary
22
• Delivered continued outperformance in Q1 2016– Strong growth and margin expansion yielding double-digit EPS growth
– Relentless focus on structural cost initiatives, funding incremental growth investments
• Balanced view of 2016– High single-digit organic revenue growth
– ~50 bps operating margin expansion; continued benefits from footprint rotation and rationalizations
– Staying flexible with clear path to mid-teens EPS growth
• Continue disciplined capital allocation plan– Maintain investment grade credit ratings
– Pursue high return organic and inorganic growth opportunities
– Return excess cash flow to shareholders
Foundation in place for continued outperformance
Note: Revenue growth excludes impact of FX, commodities, the E&S divestiture and HellermannTyton acquisition;
EPS growth and operating margins are adjusted for restructuring and other special items; see Appendix for detail and reconcil iation to US GAAP
Making it possible.
Appendix
($ millions) Q1 2016 Q1 2015
Net income attributable to Delphi $425 $209
Interest expense $41 $32
Other (income) expense, net ($4) $54
Income tax expense $75 $61
Equity income, net of tax ($6) ($5)
(Income) loss from discontinued operations, net of tax ($108) $75
Net Income attributable to noncontrolling interest $18 $20
Operating income $441 $446
Restructuring $35 $16
Other acquisition and portfolio project costs $33 $8
Asset impairments - $2
Adjusted operating income $509 $472
The company’s guidance was determined using a consistent manner and methodology
Non-US GAAP financial metrics
25
($ millions) Q1 2016 Q1 2015
Net income attributable to Delphi $425 $209
(Income) loss from discontinued operations attributable to Delphi, net of tax ($105) $79
Income from continuing operations attributable to Delphi $320 $288
Adjusting items:
Restructuring $35 $16
Other acquisition and portfolio project costs $33 $8
Asset impairments - $2
Debt extinguishment costs - $52
Tax impact of adjusting items (a) ($11) ($13)
Adjusted net income attributable to Delphi $377 $353
Weighted average number of diluted shares outstanding 277.04 291.81
Diluted net income per share from continuing operations attributable to Delphi $1.15 $0.99
Adjusted net income per share $1.36 $1.21
(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
Shares outstanding
27
(millions) Q1 2016 Q1 2015
Weighted average ordinary shares outstanding, basic 276.62 290.90
Dilutive shares related to RSUs 0.42 0.91
Weighted average ordinary shares outstanding, including dilutive shares 277.04 291.81
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