February 2014 Results
Corporate WD10 Report
March 14, 2014
Financial Planning & Analysis
2014 Key Metrics – February Results
$Mils
Revenue
Fav/(Unfav)
Fav/(Unfav)
Memo: YTD Variances
YTD-14
YTD-14
Jan-14
Feb-14
YTD
Memo: Jan Variances
Feb-14
Feb-14
Feb-13
Actual
Actual
Act
Budget
Prior Fcst
Prior Year
Budget
Prior Year
1,367
1,385
2,752
10
6
86
6
118
Growth Rate
EBITDA
4%
182
187
369
3
29
21
15
28
EBITDA Margin
13.3%
13.5%
13.4%
0.1 ppt
2.1 ppt
0.7 ppt
0.5 ppt
0.5 ppt
EBITDA Adj.
187
192
379
6
28
16
14
22
13.7%
13.9%
13.8%
0.3 ppt
2.0 ppt
0.3 ppt
0.5 ppt
0.2 ppt
EBITDA Adj. Margin
Operating Income
132
142
274
3
30
14
11
18
OI Margin
9.7%
10.2%
10.0%
0.2 ppt
2.1 ppt
0.4 ppt
0.4 ppt
0.2 ppt
OI Adj.
138
146
284
6
29
10
10
12
OI Adj. Margin
10.1%
10.6%
10.3%
0.4 ppt
2.0 ppt
0.0 ppt
0.4 ppt
(0.0 ppt)
Net Income
93
108
201
8
29
33
13
12
NI Adj.
97
112
209
10
28
16
12
(7)
CFBF
(103)
(148)
(251)
102
122
67
149
(18)
1,293
2,417
(1,125)
940
2,331
(1,391)
940
2,331
(1,391)
Ending Cash Balance
Debt
Net Cash/(Net Debt) Balance
2
7%
Financial Planning & Analysis
Delphi Confidential
February 2014 Financial Dashboard
Total Delphi
Period: February
Current Month
$Mils
Actual
Prior Mth
Year To Date
Prior Yr
Actual
Budget
YTD Actual
vs Budget
Sales
1,385
1,367
1,298
2,752
2,746
Green
Factory Margin % to Sales
Green
31.1%
30.6%
30.3%
30.8%
30.6%
Engineering % to Sales
8.5%
8.2%
8.7%
8.4%
8.2%
Red
SG&A (excl. R) % to Sales
5.5%
5.7%
5.4%
5.6%
6.3%
Green
EBITDA Adj.
EBITDA Adj. % to Sales
Operating Income Adj.
Operating Income Adj. % to Sales
Net Income Adj.
192
187
176
379
365
13.9%
13.7%
13.5%
13.8%
13.3%
Green
Green
146
138
137
284
274
Green
10.6%
10.1%
10.5%
10.3%
10.0%
Green
112
97
96
197
Green
EPS Adj. 1
Shares Outstanding (millions)
209
#DIV/0!
#DIV/0!
-
-
EBITDA
Working Capital
Capital Expenditures
Restructuring Expense Addback
Restructuring Cash
187
(126)
(167)
5
(11)
182
(97)
(80)
4
(27)
166
(190)
(108)
9
(9)
369
(223)
(247)
8
(38)
354
(376)
(207)
10
(39)
Green
Simplified OCF
(112)
(19)
(132)
(131)
(258)
Green
Simplified OCF % to Sales
-8.1%
-1.4%
-10.2%
-4.8%
-9.4%
Green
Working Capital Days:
Accounts Receivable
Inventory
Accounts Payable
67
28
60
60
28
59
66
28
56
67
28
60
66
28
57
Green
Net Working Capital Days
35
29
38
35
37
Green
(148)
(103)
(215)
(251)
(400)
Cash Flow Before Financing
2
Beginning Cash Balance
Ending Cash Balance
Debt
Net Cash/(Net Debt) Balance 3
1,293
1,393
1,075
1,393
1,393
940
1,293
864
940
912
2,331
2,417
2,473
2,331
2,411
(1,391)
(1,125)
(1,609)
(1,391)
(1,499)
RONA Adj. 5
LTM Tax Rate
(Memo: CY Bgt. 18.7%)
Red
Green
Green
5.0x
5.0x
4.7x
4.7x
Green
34.7%
34.2%
32.8%
32.6%
Green
18.8%
18.4%
14.7%
18.8%
18.3%
EPS w ill only be reported quarterly
CFBF excludes the impact of investment in bank time deposits
3
Net cash balance includes cash, marketable securities, short term investments and debt.
4
Sales divided by fixed cost; Current month is on a LTM basis
5
RONA calculation:
Calculation: OI after tax/Avg Net Assets (rolling 12 m onths)
Avg Balance= (Beg of year+End of year) /2
Financial Planning & Analysis
3
Delphi Confidential
Avg Net Assets= (Avg PPE+Avg NWC)
0.0 ppt
Green
32.8%
2
0.2 ppt
Red
5.0x
1
4.5%
Green
.
Fixed Cost Productivity 4
YTD YoY
Actual
Growth
-1.0 ppt
February Results by Division
$Mils
February Variances
Memo:
February 2013
Actual
February 1+11
Div'l
Fcst
February
Budget
vs 2013
vs. 1+11
vs. Budget
305
30
306
296
323
(1)
8
(18)
38
25
47
(7)
6
(17)
10.0%
12.4%
8.4%
14.6%
(2.4 ppt)
1.6 ppt
(4.7 ppt)
February 2014
Actual
Powertrain
Sales
EBITDA Adj
%
OI Adj
%
Thermal
Sales
EBITDA Adj
%
OI Adj
%
E&S
Sales
EBITDA Adj
%
OI Adj
%
EEA
PSS
HQ
Consolidated
24
11
32
(8)
5
(16)
7.9%
3.7%
9.8%
(2.7 ppt)
1.6 ppt
(4.6 ppt)
125
7
115
126
122
11
(0)
3
7
6
8
(0)
0
(1)
5.3%
5.8%
5.1%
6.4%
(0.6 ppt)
0.1 ppt
(1.2 ppt)
3
3
4
(0)
0
(1)
2.3%
2.7%
2.0%
2.9%
(0.5 ppt)
0.3 ppt
(0.7 ppt)
236
26
228
236
235
8
0
0
25
28
31
1
(2)
(5)
11.0%
(2.0 ppt)
3
10.8%
11.8%
13.0%
0.2 ppt
(0.7 ppt)
20
19
21
25
1
(2)
(5)
8.4%
8.2%
9.1%
10.5%
0.1 ppt
(0.7 ppt)
(2.1 ppt)
32
688
108
619
685
657
69
3
EBITDA Adj
%
92
99
95
16
9
12
15.6%
14.9%
14.4%
14.5%
0.8 ppt
1.2 ppt
1.2 ppt
OI Adj
%
12.5%
Sales
86
78
78
75
8
8
12
12.6%
11.4%
11.4%
(0.1 ppt)
1.1 ppt
1.2 ppt
(5)
73
5
79
75
78
(6)
(2)
EBITDA Adj
%
7
7
8
(1)
(2)
(2)
7.5%
8.3%
9.6%
9.9%
(0.8 ppt)
(2.1 ppt)
(2.4 ppt)
OI Adj
%
5.5%
Sales
4
5
6
6
(1)
(2)
(2)
5.8%
7.7%
8.1%
(0.3 ppt)
(2.2 ppt)
(2.6 ppt)
Sales
EBITDA Adj
%
16
8
(1)
(3)
8
17
18
OI Adj
%
18
8
(1)
(1)
10
18
18
Sales
1,385
192
1,298
1,378
1,375
86
6
10
176
163
186
16
28
6
%
13.9%
13.5%
11.9%
13.5%
0.3 ppt
2.0 ppt
0.3 ppt
OI Adj
146
137
118
140
10
29
6
10.6%
10.5%
8.5%
10.2%
0.0 ppt
2.0 ppt
0.4 ppt
EBITDA Adj
%
4
16
5.3%
Financial Planning & Analysis
Delphi Confidential
IHS Volume Outlook
Compared to 2013
2014 vs 2013
in 000's
GMNA
GM Top 5
Japan NALV
Other NA
North America
Asia
China
India
Japan
S. Korea
Other AP
Europe
East Europe
West Europe
South America
Total w/o MEA
Q1-13
809
638
1,351
1,960
4,120
11,289
5,402
1,106
2,330
1,120
1,331
4,967
1,693
3,275
1,079
21,455
Middle East/Africa
CY 2013 (Feb-14 IHS)
Q2-13 Q3-13 Q4-13 CY 2013
842
797
841
3,289
674
652
667
2,632
1,403
1,285
1,318
5,358
2,139
1,922
1,987
8,008
4,384
4,004
4,147 16,655
10,949 10,784 12,077 45,099
5,355
5,196
6,179 22,132
945
961
918
3,931
2,230
2,417
2,458
9,435
1,176
959
1,270
4,524
1,243
1,251
1,252
5,077
5,298
4,705
5,112 20,082
1,830
1,688
1,824
7,035
3,468
3,017
3,287 13,047
1,319
1,282
1,125
4,805
21,950 20,776 22,461 86,642
Q1-14
844
665
1,478
2,045
4,368
11,967
6,006
993
2,651
1,108
1,209
5,197
1,736
3,461
1,039
22,570
CY 2014 (Feb-14 IHS)
Q2-14 Q3-14 Q4-14 CY 2014
873
825
793
3,336
699
662
621
2,647
1,454
1,441
1,410
5,783
2,110
2,079
1,943
8,178
4,438
4,345
4,147 17,298
11,213 11,248 12,127 46,555
5,859
5,689
6,425 23,979
999
1,082
1,082
4,156
1,990
2,096
2,082
8,819
1,133
1,061
1,161
4,463
1,231
1,320
1,377
5,137
5,332
4,683
5,144 20,356
1,859
1,692
1,824
7,111
3,473
2,992
3,319 13,245
1,230
1,304
1,243
4,815
22,212 21,581 22,661 89,024
438
351
333
413
1,536
430
414
455
508
1,807
(1.9%)
17.8%
36.7%
22.9%
17.7%
Total Global
21,893
22,301
21,109
22,874
88,177
23,000
22,625
22,036
23,169
90,831
5.1%
1.5%
4.4%
1.3%
3.0%
Regions
North America
Europe
Asia Pacific
South America
MEA
4,120
4,967
11,289
1,079
438
4,384
5,298
10,949
1,319
351
4,004
4,705
10,784
1,282
333
4,147
5,112
12,077
1,125
413
16,655
20,082
45,099
4,805
1,536
4,368
5,197
11,967
1,039
430
4,438
5,332
11,213
1,230
414
4,345
4,683
11,248
1,304
455
4,147
5,144
12,127
1,243
508
17,298
20,356
46,555
4,815
1,807
6.0%
4.6%
6.0%
(3.8%)
(1.9%)
1.2%
0.6%
2.4%
(6.8%)
17.8%
8.5%
(0.5%)
4.3%
1.7%
36.7%
(0.0%)
0.6%
0.4%
10.5%
22.9%
3.9%
1.4%
3.2%
0.2%
17.7%
Delphi Served Mkt
21,893
22,301
21,109
22,874
88,177
23,000
22,625
22,036
23,169
90,831
5.1%
1.5%
4.4%
1.3%
3.0%
4.9%
0.8%
3.7%
0.9%
2.5%
Delphi Weighted Market
# Delphi Weighted Market is Delphi Market Growth in each region weighted by the proportion of total revenue
# Delphi Markets for 2014 analysis include all markets
5
YoY Variance (2014 vs. 2013)
Q1 YoY Q2 YoY Q3 YoY Q4 YoY CY YoY
4.4%
3.7%
3.6%
(5.7%) 1.4%
4.1%
3.7%
1.5%
(6.8%) 0.6%
9.4%
3.6%
12.1%
6.9%
7.9%
4.3%
(1.3%) 8.2%
(2.2%) 2.1%
6.0%
1.2%
8.5%
(0.0%) 3.9%
6.0%
2.4%
4.3%
0.4%
3.2%
11.2%
9.4%
9.5%
4.0%
8.3%
(10.2%) 5.7%
12.6% 17.8%
5.7%
13.8% (10.7%) (13.3%) (15.3%) (6.5%)
(1.0%) (3.6%) 10.6% (8.6%) (1.3%)
(9.2%) (0.9%) 5.5%
10.0%
1.2%
4.6%
0.6%
(0.5%) 0.6%
1.4%
2.6%
1.6%
0.2%
(0.0%) 1.1%
5.7%
0.1%
(0.8%) 1.0%
1.5%
(3.8%) (6.8%) 1.7%
10.5%
0.2%
5.2%
1.2%
3.9%
0.9%
2.7%
Financial Planning & Analysis
Delphi Confidential
IHS Volume Outlook
Compared to BBP
Feb-14 IHS v BBP-14
in 000's
GMNA
GM Top 5
Japan NALV
Other NA
North America
Asia
China
India
Japan
S. Korea
Other AP
Europe
East Europe
West Europe
South America
Total w/o MEA
Middle East/Africa
CY 2014 BBP-14 (Sep-13 IHS Adj.)
Q1-14 Q2-14 Q3-14 Q4-14 CY 2014
863
903
847
797
3,410
662
709
671
649
2,691
1,481
1,482
1,409
1,366
5,739
2,100
2,114
2,062
1,950
8,225
4,445
4,498
4,318
4,113 17,374
11,703 11,299 11,158 11,658 45,818
5,850
5,858
5,476
5,937 23,121
1,013
1,017
1,148
1,084
4,261
2,462
1,988
2,095
2,062
8,607
1,062
1,119
1,071
1,170
4,422
1,316
1,318
1,368
1,405
5,406
5,124
5,211
4,690
5,040 20,064
1,805
1,898
1,737
1,816
7,255
3,319
3,313
2,953
3,223 12,809
1,113
1,279
1,328
1,267
4,987
22,385 22,286 21,495 22,078 88,243
Q1-14
844
665
1,478
2,045
4,368
11,967
6,006
993
2,651
1,108
1,209
5,197
1,736
3,461
1,039
22,570
CY 2014 (Feb-14 IHS)
Q2-14 Q3-14 Q4-14 CY 2014
873
825
793
3,336
699
662
621
2,647
1,454
1,441
1,410
5,783
2,110
2,079
1,943
8,178
4,438
4,345
4,147 17,298
11,213 11,248 12,127 46,555
5,859
5,689
6,425 23,979
999
1,082
1,082
4,156
1,990
2,096
2,082
8,819
1,133
1,061
1,161
4,463
1,231
1,320
1,377
5,137
5,332
4,683
5,144 20,356
1,859
1,692
1,824
7,111
3,473
2,992
3,319 13,245
1,230
1,304
1,243
4,815
22,212 21,581 22,661 89,024
Q1-14
(2.2%)
0.4%
(0.2%)
(2.6%)
(1.7%)
2.3%
2.7%
(1.9%)
7.7%
4.3%
(8.1%)
1.4%
(3.8%)
4.3%
(6.7%)
0.8%
2014 Variance vs BBP IHS
Q2-14 Q3-14 Q4-14
(3.2%) (2.6%) (0.5%)
(1.3%) (1.3%) (4.3%)
(1.9%) 2.2%
3.2%
(0.1%) 0.9%
(0.3%)
(1.3%) 0.6%
0.8%
(0.8%) 0.8%
4.0%
0.0%
3.9%
8.2%
(1.7%) (5.8%) (0.2%)
0.1%
0.0%
1.0%
1.3%
(0.9%) (0.8%)
(6.6%) (3.5%) (2.0%)
2.3%
(0.1%) 2.1%
(2.0%) (2.6%) 0.4%
4.8%
1.3%
3.0%
(3.8%) (1.9%) (1.9%)
(0.3%) 0.4%
2.6%
CY 2014
(2.2%)
(1.6%)
0.8%
(0.6%)
(0.4%)
1.6%
3.7%
(2.5%)
2.5%
0.9%
(5.0%)
1.5%
(2.0%)
3.4%
(3.4%)
0.9%
438
431
465
498
1,833
430
414
455
508
1,807
(1.9%)
(4.1%)
(2.1%)
2.0%
(1.4%)
Total Global
22,823
22,717
21,960
22,576
90,076
23,000
22,625
22,036
23,169
90,831
0.8%
(0.4%)
0.3%
2.6%
0.8%
Regions
North America
Europe
Asia Pacific
South America
MEA
4,445
5,124
11,703
1,113
438
4,498
5,211
11,299
1,279
431
4,318
4,690
11,158
1,328
465
4,113
5,040
11,658
1,267
498
17,374
20,064
45,818
4,987
1,833
4,368
5,197
11,967
1,039
430
4,438
5,332
11,213
1,230
414
4,345
4,683
11,248
1,304
455
4,147
5,144
12,127
1,243
508
17,298
20,356
46,555
4,815
1,807
(1.7%)
1.4%
2.3%
(6.7%)
(1.9%)
(1.3%)
2.3%
(0.8%)
(3.8%)
(4.1%)
0.6%
(0.1%)
0.8%
(1.9%)
(2.1%)
0.8%
2.1%
4.0%
(1.9%)
2.0%
(0.4%)
1.5%
1.6%
(3.4%)
(1.4%)
Delphi Served Mkt
22,823
22,717
21,960
22,576
90,076
23,000
22,625
22,036
23,169
90,831
0.8%
(0.4%)
0.3%
2.6%
0.8%
0.1%
0.1%
0.2%
1.8%
0.6%
Delphi Weighted Market
# Delphi Weighted Market is Delphi Market Growth in each region weighted by the proportion of total revenue
# Delphi Markets for 2014 analysis include all markets
Financial Planning & Analysis
6
Delphi Confidential
Key FX and Commodity Rates
February Monthly Avg Rates
Feb
Actual
Euro (USD/Euro)
% Change**
Feb-13
Feb
BBP
1+11 Fcst
Exposure
vs. 2013
vs. BBP
vs. 1+11
1.37
1.34
1.30
1.32
Long
2.0%
5.0%
3.4%
CNY (CNY/USD)
6.10
6.28
6.15
6.10
Long
2.8%
0.7%
(0.1%)
BRL (BRL/USD)
2.39
1.97
2.25
2.30
Long
(21.0%)
(6.0%)
(3.7%)
GBP (USD/GBP)
1.65
1.55
1.53
1.58
Long
6.6%
8.4%
4.7%
Peso (Peso/USD)
13.30
12.71
12.75
13.00
Short
4.6%
4.3%
2.3%
Copper per lb.
3.24
3.66
3.50
3.40
Short
11.4%
7.3%
4.6%
Aluminum* per lb.
0.77
0.93
0.95
0.90
Short
17.5%
19.1%
14.6%
100.86
95.50
100.00
100.00
Short
(5.6%)
(0.9%)
(0.9%)
Oil per bbl
* Primary Aluminum
** Color of variances represent favorable/(unfavorable) impact on Operating Income
7
Financial Planning & Analysis
Delphi Confidential
Income Statement
8
Financial Planning & Analysis
Delphi Confidential
Monthly Income Statement
Total Delphi – YTD 2014
Fav/(Unfav)
Memo: YTD Variances
Total Delphi
$ Mils
Total Sales
Total Material
Material %
Manufacturing (incl PvS & excl D&A)
Manufacturing %
Factory Margin / (Loss)
Factory Margin %
YTD-14
Actual
YTD-14
Budget
YTD-13
Prior Year
1,385
2,752
6
685
698
1,383
9
50.1%
50.4%
50.3%
0.5 ppt
264
256
520
(7)
19.3%
18.5%
18.9%
(0.2 ppt)
118
(53)
0.3 ppt
(14)
0.3 ppt
418
431
848
9
51
30.6%
31.1%
30.8%
0.2 ppt
0.6 ppt
113
117
230
(4)
Engineering %
8.2%
8.5%
8.4%
(0.1 ppt)
42
37
45
36
87
72
(11)
(3)
(14)
(10)
1,141
1,152
2,293
(16)
(96)
226
233
459
(10)
23
16.6%
16.8%
16.7%
(0.4 ppt)
0.1 ppt
78
4
82
77
1
78
154
5
160
20
1
21
(11)
(0)
(11)
Total Cost of Goods Sold
Gross Margin / (Loss)
Gross Margin %
SG&A
D&A - SG&A
Total SG&A
SG&A % (excl D&A)
(4)
0.2 ppt
5.7%
5.5%
5.6%
0.7 ppt
(0.2 ppt)
Restructuring Expense
4
5
8
2
6
D&A - Intangible Asset
9
9
17
(1)
1,235
1,243
2,478
Operating Expense
5
0
(100)
Operating Income / (Loss)
132
142
274
OI %
9.7%
10.2%
10.0%
Interest Expense
Other Income
(12)
0
(11)
15
(22)
16
Inc/(Loss) Before Taxes, Min Int & Equity Inc
121
146
267
24
52
Income Taxes (Exp) / Benefit
Minority Interest Net of Tax Income / (Exp)
Equity in Net Income of Assoc. (Exp)
(24)
(7)
3
(34)
(6)
2
(58)
(13)
5
(12)
1
0
(40)
1
(1)
Net Income / (Loss)
93
108
201
13
12
EBITDA (OI - D&A)
182
187
369
15
28
13.3%
13.5%
13.4%
0.5 ppt
0.5 ppt
EBITDA %
EBITDA Adj.
EBITDA Adj. %
OI Adj.
OI Adj. %
Financial Planning & Analysis
Delphi Confidential
1,367
Feb-14
Actual
Engineering (excl D&A)
Other Cost of Good Sold (excl D&A)
D&A - Cost of Goods Sold
9
Jan-14
Actual
NI Adj.
11
18
0.4 ppt
0.2 ppt
(0)
13
1
33
187
192
379
14
22
13.7%
13.9%
13.8%
0.5 ppt
0.2 ppt
138
146
284
10
12
10.1%
10.6%
10.3%
0.4 ppt
(0.0 ppt)
97
112
209
12
(7)
Segment Year-to-Date Results
$Mils
Powertrain Systems
Sales
OI Adj.
OI Adj. %
Thermal
Sales
OI Adj.
Jan-14
Feb-14
YTD
YTD
YTD
Actual
Actual
Actual
Budget
Prior Year
351
354
705
(56)
(10)
32
25
57
(17)
(7)
9.1%
6.9%
8.0%
0.3 ppt
0.7 ppt
125
125
250
9
15
1
4
6
1
(1)
OI Adj. %
1.2%
3.5%
2.3%
0.1 ppt
(0.1 ppt)
Sales
234
236
470
(2)
10
OI Adj.
25
23
47
(3)
4
10.6%
9.6%
10.1%
1.8 ppt
0.4 ppt
Sales
677
688
1,365
56
105
OI Adj.
79
95
174
29
16
11.7%
13.8%
12.8%
0.5 ppt
0.1 ppt
Elims/Other
Sales
(20)
(18)
(37)
(1)
(1)
Total Delphi
Sales
1,367
1,385
2,752
6
118
E&S
OI Adj. %
EEA
OI Adj. %
OI Adj.
OI Adj. %
10
Financial Planning & Analysis
Delphi Confidential
138
146
284
10
12
10.1%
10.6%
10.3%
1.7 ppt
0.1 ppt
Note: Powertrain Systems = Powertrain Division + DPSS; HQ is fully allocated to segments; Intersegment eliminations reflected net of Powertrain/DPSS
Division Year-to-Date Results
$Mils
Powertrain Systems
Sales
OI Adj.
Jan-14
Feb-14
YTD
YTD Var
YTD Var
Actual
Actual
Actual
vs Budget
vs Prior Year
307
305
612
(39)
(7)
27
16
43
(18)
(9)
8.7%
5.3%
7.0%
(2.3 ppt)
(1.3 ppt)
SOCF
(10)
(25)
(36)
65
(23)
Thermal
Sales
125
125
250
9
15
1
3
4
(1)
(2)
0.8%
2.3%
1.5%
(0.4 ppt)
(0.9 ppt)
SOCF
(20)
(5)
(25)
21
24
Sales
234
236
470
(2)
10
24
20
44
(7)
3
10.2%
8.4%
9.3%
(1.4 ppt)
0.4 ppt
SOCF
3
(41)
(38)
(32)
(35)
Sales
677
688
1,365
56
105
OI Adj. %
OI Adj.
OI Adj. %
E&S
OI Adj.
OI Adj. %
EEA
OI Adj.
OI Adj. %
SOCF
DPSS
Sales
OI Adj.
OI Adj. %
SOCF
HQ/Elims
Sales
OI Adj.
OI Adj. %
Total Delphi
Sales
OI Adj.
OI Adj. %
CFBF
11
Financial Planning & Analysis
Delphi Confidential
77
86
163
18
11
11.4%
12.5%
11.9%
0.9 ppt
(0.1 ppt)
0
(48)
(47)
56
(7)
72
73
145
(10)
(9)
4
4
8
(4)
(1)
5.6%
5.5%
5.6%
(2.5 ppt)
(0.1 ppt)
0
7
7
(22)
(6)
(47)
(42)
(89)
(9)
5
5
18
23
22
10
1,367
1,385
2,752
6
118
138
146
284
10
12
10.1%
10.6%
10.3%
0.4 ppt
(0.0 ppt)
(103)
(148)
(251)
149
(18)
Revenue
February 2014 Actual vs Budget
Divisions
Sales
Feb-14 - Budget
Feb-14 - Actual
Sales Variance
Total
1,375
1,385
10
PT
T
E&S
323
305
(18)
122
125
3
E/EA
235
236
0
PSS
78
73
(5)
-
(40)
(42)
(2)
(7)
-
(1)
2
-
(17)
(30)
3
(5)
24
FX
Price
Commodities
Acq/Divest
Other
23
4
(0)
(0)
10
2
(0)
1
(0)
(0)
5
1
5
2
0
10
(18)
3
(5.7%)
(8.9%)
2.8%
2.1%
Sales Var
-
-
-
0
0
0
32
(5)
4.8%
4.0%
(6.4%)
(9.3%)
Sales Variance to Budget
Reported Variance
Adj Variance (FX/Commodities/Divest)
12
Financial Planning & Analysis
Delphi Confidential
0.7%
(0.9%)
0.2%
(2.1%)
Elim
657
688
32
Var Due To:
Total Sales Growth
-
HQ
-
(1)
0
(2)
Operating Income Adj.
February 2014 Actual vs Budget
Divisions
Operating Income Adj.
Feb-14 - Budget
Feb-14 - Actual
OI Adj. Variance
Total
140
146
6
PT
32
16
(16)
T
4
3
(1)
E&S
25
20
(5)
E/EA
75
86
12
PSS
HQ
6
4
(2)
OI Adj. % - Feb-14 - Budget
10.2%
9.8%
2.9%
10.5%
11.4%
8.1%
OI Adj. % - Feb-14 - Actual
10.6%
5.3%
2.3%
8.4%
12.5%
5.5%
Var Due To:
Sales Growth
(15)
(14)
(0)
(5)
7
(3)
Flow-Through %
87%
45%
(2%)
82%
27%
40%
Exchange
Price
Mat'l/Freight Perf
Mat'l/Freight Econ
Net Mfg Perf / PvS
Net Eng Perf
Net SG&A Perf
Acq/Divest
D&A
Other
Subtotal Perf/Other
3
4
7
3
0
(4)
12
1
(6)
21
1
2
1
0
(2)
(2)
(1)
(1)
(0)
(1)
0
(1)
0
(0)
0
1
1
0
1
(3)
1
(2)
2
7
2
(2)
(1)
2
(1)
18
18
-
0
(0)
-
3
-
2
(3)
(2)
1
1
(1)
(0)
(0)
(0)
(1)
(3)
5
(0)
(0)
1
4
1
11
0
(1)
18
6
(16)
(1)
(5)
12
(2)
18
(8)
(2)
(1)
(2)
(2)
(1)
'R' Variance
(3)
0
0
(0)
(3)
(0)
'I' Variance
0
OI Adj. Variance
Memo:
Mix
Operating Income
Feb-14 - Budget
Feb-14 - Actual
OI Variance
OI % - Feb-14 - Budget
OI % - Feb-14 - Actual
Financial Planning & Analysis
13
Delphi Confidential
-
-
-
-
-
-
-
139
142
3
32
16
(16)
3
3
(1)
24
19
(5)
10.1%
10.2%
9.8%
5.3%
2.5%
2.0%
10.3%
8.2%
1
0
-
0
74
83
9
11.2%
12.0%
-
8.1%
5.2%
-
-
(0)
-
6
4
(3)
Elim
-
(1)
17
18
-
Revenue
February YTD 2014 vs February YTD BBP
Divisions
Sales
Feb-14 YTD - Budget
Feb-14 YTD - Actual
Sales Variance
Total
PT
2,746
2,752
6
T
E&S
E/EA
PSS
HQ
651
612
(39)
241
250
9
472
470
(2)
1,309
1,365
56
154
145
(10)
-
(81)
(89)
(9)
Var Due To:
Total Sales Growth
(47)
(62)
7
(13)
41
(14)
-
(7)
FX
Price
Commodities
Acq/Divest
Other
47
7
(1)
(0)
20
3
(0)
3
(1)
(1)
11
1
0
11
4
0
0
4
(2)
(0)
-
6
(39)
9
(2)
56
(10)
-
(6.0%)
(9.1%)
3.8%
2.8%
(0.4%)
(2.6%)
4.3%
3.4%
(6.4%)
(8.9%)
Sales Var
(0)
-
Sales Variance to Budget
Reported Variance
Adj Variance (FX/Commodities/Divest)
14
Elim
Financial Planning & Analysis
Delphi Confidential
0.2%
(1.5%)
0
(9)
Operating Income Adj.
February YTD 2014 vs February YTD BBP
Divisions
Operating Income Adj.
Feb-14 YTD - Budget
Feb-14 YTD - Actual
OI Adj. Variance
Total
274
284
10
PT
60
43
(18)
T
5
4
(1)
E&S
51
44
(7)
E/EA
145
163
18
PSS
13
8
(4)
OI Adj. % - Feb-14 YTD - Budget
10.0%
9.3%
2.0%
10.7%
11.1%
8.1%
OI Adj. % - Feb-14 YTD - Actual
10.3%
7.0%
1.5%
9.3%
11.9%
5.6%
Var Due To:
Sales Growth
(27)
(26)
2
(8)
11
(6)
Flow-Through %
58%
42%
22%
59%
27%
44%
Exchange
Price
Mat'l/Freight Perf
Mat'l/Freight Econ
Net Mfg Perf / PvS
Net Eng Perf
Net SG&A Perf
Acq/Divest
D&A
Other
Subtotal Perf/Other
10
7
10
4
(4)
(1)
22
(2)
(8)
38
2
3
1
0
(2)
(1)
0
(1)
(1)
(2)
1
(2)
0
(1)
2
1
1
0
1
(4)
0
2
2
8
1
1
(3)
(1)
0
1
(3)
4
10
3
(1)
1
2
(1)
(7)
7
10
(18)
(1)
(7)
(10)
(2)
(1)
'R' Variance
2
(0)
0
'I' Variance
(1)
OI Adj. Variance
Memo:
Mix
Operating Income
Feb-14 YTD - Budget
Feb-14 YTD - Actual
OI Variance
OI % - Feb-14 YTD - Budget
OI % - Feb-14 YTD - Actual
Financial Planning & Analysis
15
Delphi Confidential
-
-
-
1
23
22
-
0
(0)
-
9
-
(0)
0
2
18
(4)
22
(2)
(3)
(2)
(2)
5
(0)
-
263
274
11
60
42
(18)
4
3
(1)
50
40
(9)
9.6%
10.0%
9.3%
6.9%
1.7%
1.4%
10.6%
8.6%
(1)
135
157
22
10.3%
11.5%
1
0
-
13
8
(5)
8.1%
5.4%
Elim
-
-
0
2
19
(3)
(5)
22
-
-
HQ
-
-
(0)
1
23
22
-
Revenue
February 2014 vs February 2013
Divisions
Sales
Feb-13 - Actual
Feb-14 - Actual
Sales Variance
Variance Due To:
Total Sales Growth
FX
Price
Commodities
Acq/Divest
Other
Sales Variance
Sales Growth
Reported Variance
Adj Variance (FX/Commodities/Acq/Div)
16
Financial Planning & Analysis
Delphi Confidential
Total
1,298
1,385
86
PT
306
305
(1)
T
115
125
11
E&S
228
236
8
E/EA
619
688
69
PSS
79
73
(6)
HQ
98
(0)
14
10
77
(8)
-
12
(18)
(5)
(0)
86
4
(5)
0
(3)
(0)
3
(4)
4
(8)
(5)
1
1
-
6.6%
6.1%
(0)
(1)
11
(0.3%)
(1.6%)
9.2%
9.3%
(0)
8
69
3.6%
2.4%
11.1%
11.2%
(6)
(7.2%)
(9.0%)
0
(0)
Elim
(48)
(42)
6
6
(0)
(0)
6
Operating Income Adj.
February 2014 vs February 2013
Divisions
Operating Income Adj.
Feb-13 - Actual
Feb-14 - Actual
OI Adj. Variance
PT
T
24
16
(8)
3
3
(0)
E&S
19
20
1
E/EA
78
86
8
PSS
HQ
5
4
(1)
OI Adj. % - Feb-13 - Actual
10.5%
7.9%
2.7%
8.2%
12.6%
5.8%
OI Adj. % - Feb-14 - Actual
10.6%
5.3%
2.3%
8.4%
12.5%
5.5%
Var Due To:
Sales Growth
20
(0)
3
(2)
21
(2)
Flow-Through %
21%
38%
21%
(23%)
28%
23%
Exchange
Price
Commodities / Material Econ
Acq/Divest
D&A
Other
Subtotal Perf/Other
(0)
(18)
2
(6)
12
(10)
(0)
(5)
0
(1)
(3)
(0)
(1)
(4)
(2)
(8)
2
0
1
8
18
10
(1)
(2)
(8)
(0)
1
(3)
(0)
8
3
(7)
1
(13)
1
(1)
1
2
4
10
10
(8)
(0)
1
8
(1)
10
-
(12)
(0)
(1)
(6)
(5)
1
'R' Variance
4
1
(0)
4
(1)
0
'I' Variance
1
Memo:
Mix
Operating Income
Feb-13 - Actual
Feb-14 - Actual
OI Variance
127
142
14
OI % - Feb-13 - Actual
OI % - Feb-14 - Actual
9.8%
10.2%
Financial Planning & Analysis
Delphi Confidential
-
-
-
-
-
-
-
23
16
(7)
3
3
(0)
7.6%
5.3%
2.6%
2.0%
14
19
5
6.1%
8.2%
1
75
83
7
12.2%
12.0%
-
-
3
Elim
-
-
OI Adj. Variance
17
Total
137
146
10
-
-
(0)
4
4
(0)
5.2%
5.2%
8
17
10
-
Revenue
February YTD 2014 vs February YTD 2013
Divisions
Sales
Feb-13 YTD - Actual
Feb-14 YTD - Actual
Sales Variance
Total
2,634
2,752
118
PT
619
612
(7)
T
235
250
15
E&S
460
470
10
E/EA
1,260
1,365
105
PSS
154
145
(9)
HQ
Variance Due To:
Total Sales Growth
145
(6)
20
13
125
(12)
-
FX
Price
Commodities
Acq/Divest
Other
Sales Variance
22
(41)
(8)
(0)
118
8
(9)
6
(9)
-
(0)
(7)
(0)
15
(0)
10
7
(20)
(8)
0
105
1
2
-
0
(6)
(0)
4.5%
3.9%
(1.1%)
(2.4%)
6.4%
6.3%
2.1%
0.8%
8.3%
8.4%
Sales Growth
Reported Variance
Adj Variance (FX/Commodities/Acq/Div)
18
Financial Planning & Analysis
Delphi Confidential
-
-
(9)
(6.1%)
(6.6%)
0
(0)
Elim
(94)
(89)
5
5
-
(0)
(0)
0
5
Operating Income Adj.
February YTD 2014 vs February YTD 2013
Divisions
Operating Income Adj.
Feb-13 YTD - Actual
Feb-14 YTD - Actual
OI Adj. Variance
PT
T
51
43
(9)
6
4
(2)
E&S
41
44
3
E/EA
152
163
11
PSS
9
8
(1)
OI Adj. % - Feb-13 YTD - Actual
10.3%
8.3%
2.5%
8.9%
12.1%
5.7%
OI Adj. % - Feb-14 YTD - Actual
10.3%
7.0%
1.5%
9.3%
11.9%
5.6%
Var Due To:
Sales Growth
30
(2)
5
(5)
35
(2)
Flow-Through %
21%
39%
24%
(37%)
28%
15%
Exchange
Price
Commodities / Material Econ
Acq/Divest
D&A
Other
Subtotal Perf/Other
4
(42)
4
(10)
25
(19)
(1)
(9)
(0)
(2)
(6)
0
(1)
(9)
(0)
0
1
(2)
6
(6)
(0)
1
(7)
(1)
18
7
(1)
(20)
4
(9)
1
(24)
12
(9)
(2)
3
(17)
(0)
(1)
'R' Variance
6
2
(0)
'I' Variance
0
OI Adj. Variance
Memo:
Mix
Operating Income
Feb-13 YTD - Actual
Feb-14 YTD - Actual
OI Variance
OI % - Feb-13 YTD - Actual
OI % - Feb-14 YTD - Actual
19
Total
272
284
12
Financial Planning & Analysis
Delphi Confidential
256
274
18
9.7%
10.0%
-
-
-
5
3
(2)
7.9%
6.9%
2.3%
1.4%
-
1
(1)
1
1
(1)
10
11
(1)
10
-
(10)
(8)
2
2
0
0
-
49
42
(7)
-
Elim
-
-
-
-
HQ
13
23
10
0
36
40
5
146
157
11
7.7%
8.6%
11.6%
11.5%
-
-
9
-
-
1
8
8
(0)
5.3%
5.4%
12
23
10
-
Cash Flow & Balance Sheet
20
Financial Planning & Analysis
Delphi Confidential
Total Cash Flow
February 2014 YTD
$ Mils
Sales
EBITDA
EBITDA % of Sales
Working Capital
Capital Expenditures
Restructuring Expense Addback
Restructuring Cash
Simplified OCF
2014 YTD
1,367
1,385
2,752
182
187
369
13.3%
13.5%
13.4%
(97)
(80)
4
(27)
(126)
(167)
5
(11)
(223)
(247)
8
(38)
(19)
(112)
(131)
-8.1%
-4.8%
(2)
(32)
(5)
7
(52)
(22)
(12)
(5)
8
(5)
(23)
(44)
(10)
15
(57)
(103)
(148)
(251)
6
(6)
(201)
-
(195)
(6)
(103)
(349)
(452)
Beginning Cash Balance
Total Increase/(Decrease) in Cash
Change in Restricted Cash
1,393
(103)
2
1,293
(349)
(3)
1,393
(452)
(1)
Ending Cash Balance
1,293
940
940
Debt Balance
2,417
2,331
2,331
(1,125)
(1,391)
(1,391)
Cash Interest (Expense)/Income
Cash Income Taxes
Pension Contributions
Pension Expense Addback
Changes in Other Assets/Liabilities
Cash Flow Before Financing
Cash Flow From Financing
FX on Cash Balance
Total Increase/(Decrease) in Cash
Net Cash Balance
Financial Planning & Analysis
Delphi Confidential
Feb-14
-1.4%
Simplified OCF % of Sales
21
Jan-14
a
a
Includes cash, cash equivalents, and restricted cash
Year to Date Cash Flow Before Financing
(Compared to Budget and Prior Year)
$Mils
January - February 2014
Year to Date
Actuals
Sales
EBITDA
EBITDA % of Sales
Working Capital
Capital Expenditures
Restructuring Expense Addback
Restructuring Cash
Simplified OCF
Simplified OCF % of Sales
Cash Interest (Expense)/Income
Cash Income Taxes
Pension Contributions
Pension Expense Addback
Changes in Other Assets/Liabilities
Cash Flow Before Financing
22
Financial Planning & Analysis
Delphi Confidential
BBP
Prior Yr
BBP
Variance
Prior Yr
Variance
2,752
2,746
2,634
6
118
369
354
341
15
28
13.4%
12.9%
12.9%
0.5 ppt
0.5 ppt
(223)
(247)
(376)
(207)
(261)
(172)
153
(40)
38
(75)
8
10
14
(2)
(6)
(38)
(39)
(22)
1
(16)
(131)
(258)
(100)
127
(31)
-4.8%
-9.4%
-3.8%
4.7 ppt
-1.0 ppt
(23)
(44)
(10)
15
(57)
(22)
(42)
(9)
13
(81)
(8)
(31)
(12)
13
(95)
(1)
(2)
(1)
2
24
(16)
(13)
2
2
38
(251)
(400)
(233)
149
(18)
Simplified Operating Cash Flow
February 2014 Actual vs. Budget
$ Mils
Actual - February
Sales
Operating Income
Depreciation and Amortization
EBITDA
EBITDA % of Sales
Working Capital
Capital Expenditures
Restructuring Expense Addback
Restructuring Cash
Simplified OCF
SOCF % of Sales
Total
PT
T
E/EA
E&S
PSS
HQ/Elim
1,385
305
125
236
688
73
(42)
142
45
16
14
3
4
19
6
83
21
4
1
17
(2)
187
13.5%
30
10.0%
6
5.0%
26
10.8%
104
15.1%
5
7.2%
16
-37.0%
(126)
(167)
(37)
(18)
(6)
(5)
(57)
(4)
(130)
(23)
3
(0)
101
(117)
5
(11)
(0)
(1)
0
(1)
1
(5)
3
(3)
0
(1)
0
(0)
(112)
-8.1%
(25)
-8.3%
(5)
-4.1%
(41)
-17.3%
(48)
-6.9%
7
9.8%
(1)
Variance - Actual vs. Budget
Sales
10
(18)
3
0
32
(5)
(2)
Operating Income
Depreciation and Amortization
3
(0)
(16)
(1)
(1)
(1)
(5)
0
9
1
(3)
0
18
(0)
3
0.1 ppt
(17)
-4.6 ppt
(1)
-1.0 ppt
(5)
-2.0 ppt
10
0.8 ppt
(2)
-2.7 ppt
EBITDA
EBITDA % of Sales
Working Capital
Capital Expenditures
Restructuring Expense Addback
Restructuring Cash
Simplified OCF
SOCF % of Sales
23
Financial Planning & Analysis
Delphi Confidential
18
77
(57)
24
4
13
1
(21)
1
(5)
3
4
0
63
(68)
3
2
(0)
(1)
(0)
(0)
0
4
3
(2)
0
0
0
(0)
28
2.1 ppt
10
2.7 ppt
13
10.5 ppt
10
1.8 ppt
2
3.5 ppt
(20)
-8.4 ppt
13
Simplified Operating Cash Flow
February 2014 YTD Actual vs. Budget
$ Mils
Actual - February YTD
Sales
Operating Income
Depreciation and Amortization
EBITDA
EBITDA % of Sales
Working Capital
Capital Expenditures
Restructuring Expense Addback
Restructuring Cash
Simplified OCF
SOCF % of Sales
Total
PT
T
E/EA
E&S
PSS
HQ/Elim
2,752
612
250
470
1,365
145
(89)
274
95
42
30
3
7
40
13
157
42
8
3
23
(1)
369
13.4%
72
11.8%
11
4.4%
53
11.4%
200
14.6%
11
7.4%
(223)
(247)
(68)
(37)
(23)
(11)
(62)
(10)
(203)
(39)
(2)
(0)
135
(149)
8
(38)
0
(3)
0
(2)
3
(22)
4
(9)
0
(2)
0
(1)
(131)
-4.8%
(36)
-5.8%
(25)
-9.9%
(38)
-8.0%
(47)
-3.5%
7
5.0%
22
7
Variance - Actual YTD vs. Budget YTD
Sales
Operating Income
Depreciation and Amortization
EBITDA
EBITDA % of Sales
Working Capital
Capital Expenditures
Restructuring Expense Addback
Restructuring Cash
Simplified OCF
SOCF % of Sales
24
Financial Planning & Analysis
Delphi Confidential
6
(39)
9
(2)
56
(10)
(9)
11
3
(18)
(1)
(1)
(1)
(9)
1
22
2
(5)
0
22
3
15
0.5 ppt
(19)
-2.3 ppt
(2)
-0.9 ppt
(8)
-1.7 ppt
24
1.2 ppt
(5)
-2.5 ppt
25
153
(40)
73
14
23
0
(26)
1
26
6
(19)
1
77
(62)
(2)
1
0
(3)
(0)
(1)
2
(1)
(5)
5
0
0
0
(0)
127
4.7 ppt
65
9.7 ppt
21
9.0 ppt
(32)
-6.8 ppt
56
(22)
4.4 ppt -14.2 ppt
40
Simplified Operating Cash Flow
February 2014 Actual vs. Prior Year
$ Mils
Actual - February
Sales
Operating Income
Depreciation and Amortization
EBITDA
EBITDA % of Sales
Working Capital
Capital Expenditures
Restructuring Expense Addback
Restructuring Cash
Simplified OCF
SOCF % of Sales
Total
PT
T
E/EA
E&S
PSS
HQ/Elim
1,385
305
125
236
688
73
(42)
142
45
16
14
3
4
19
6
83
21
4
1
17
(2)
187
13.5%
30
10.0%
6
5.0%
26
10.8%
104
15.1%
5
7.2%
16
-37.0%
(126)
(167)
(37)
(18)
(6)
(5)
(57)
(4)
(130)
(23)
3
(0)
101
(117)
5
(11)
(0)
(1)
0
(1)
1
(5)
3
(3)
0
(1)
0
(0)
(112)
-8.1%
(25)
-8.3%
(5)
-4.1%
(41)
-17.3%
(48)
-6.9%
7
9.8%
(1)
Variance - Actual vs. Prior year
Sales
86
(1)
11
8
69
(6)
6
Operating Income
Depreciation and Amortization
14
6
(7)
1
(0)
0
5
0
7
8
(0)
(1)
10
(2)
21
0.7 ppt
(6)
-2.0 ppt
(0)
-0.6 ppt
6
2.1 ppt
15
0.7 ppt
(1)
-0.5 ppt
8
-0.4 ppt
64
(59)
(3)
(4)
37
(0)
(25)
1
(7)
(5)
12
(0)
50
(50)
(4)
(2)
(1)
1
0
(0)
(4)
(1)
1
(1)
(0)
(1)
0
(0)
20
2.0 ppt
(13)
-4.4 ppt
36
31.9 ppt
(24)
-9.9 ppt
3
1.3 ppt
11
14.3 ppt
EBITDA
EBITDA % of Sales
Working Capital
Capital Expenditures
Restructuring Expense Addback
Restructuring Cash
Simplified OCF
SOCF % of Sales
25
Financial Planning & Analysis
Delphi Confidential
7
Simplified Operating Cash Flow
February 2014 YTD Actual vs. Prior Year
$ Mils
Actual - February YTD
Sales
Operating Income
Depreciation and Amortization
EBITDA
EBITDA % of Sales
Working Capital
Capital Expenditures
Restructuring Expense Addback
Restructuring Cash
Simplified OCF
SOCF % of Sales
Total
PT
E/EA
E&S
T
HQ/Elim
PSS
2,752
612
250
470
1,365
145
(89)
274
95
42
30
3
7
40
13
157
42
8
3
23
(1)
369
13.4%
72
11.8%
11
4.4%
53
11.4%
200
14.6%
11
7.4%
(223)
(247)
(68)
(37)
(23)
(11)
(62)
(10)
(203)
(39)
(2)
(0)
135
(149)
8
(38)
0
(3)
0
(2)
3
(22)
4
(9)
0
(2)
0
(1)
(131)
-4.8%
(36)
-5.8%
(25)
-9.9%
(38)
-8.0%
(47)
-3.5%
7
5.0%
7
22
Variance - Actual YTD vs. Prior Yr
118
(7)
15
10
105
(9)
5
18
10
(7)
2
(2)
0
5
1
11
9
(0)
(1)
10
(1)
28
0.5 ppt
(5)
-0.6 ppt
(2)
-1.0 ppt
6
1.0 ppt
20
0.4 ppt
(1)
-0.5 ppt
Working Capital
Capital Expenditures
38
(75)
(11)
(8)
27
(2)
(25)
(0)
(12)
(10)
(3)
(0)
61
(54)
Restructuring Expense Addback
Restructuring Cash
(6)
(16)
(2)
3
0
0
(2)
(13)
(0)
(5)
(0)
(1)
(1)
0
(31)
-1.0 ppt
(23)
-3.8 ppt
24
10.9 ppt
(35)
-7.5 ppt
(7)
-0.3 ppt
(6)
-3.3 ppt
Sales
Operating Income
Depreciation and Amortization
EBITDA
EBITDA % of Sales
Simplified OCF
SOCF % of Sales
26
Financial Planning & Analysis
Delphi Confidential
9
16
Working Capital Days
February 2014 Actual vs. Budget
Days
E/EA
E&S
T
PT
HQ/Elim
PSS
Budget - February
Accounts Receivabled
Inventoryd
Accounts Payabled
66
28
57
62
30
56
59
26
69
58
22
52
66
28
53
72
42
54
-
Net Working Capital Days
37
36
16
28
41
60
-
Actual - February
Accounts Receivabled
Inventoryd
Accounts Payabled
67
28
60
61
30
61
59
25
74
64
22
54
65
27
54
76
48
54
-
Net Working Capital Days
35
30
10
32
38
70
-
Variance to Budget - F/(U)
Accounts Receivable
Inventory
Accounts Payable
(1.1)
0.3
2.7
0.3
(0.2)
5.8
(0.2)
1.3
5.1
(5.6)
0.2
1.8
0.8
0.8
0.8
(4.1)
(5.7)
(0.3)
-
Net Working Capital Days
1.9
5.9
6.2
(3.6)
2.4
(10.0)
-
(0.3)
0.3
3.6
0.2
(1.8)
7.1
4.2
2.1
0.7
(3.9)
(1.2)
1.4
0.6
1.6
2.7
(7.8)
(4.1)
1.7
-
3.6
5.5
7.0
(3.8)
4.9
(10.2)
-
Memo:
Variance to Prior Year - F/(U)
Accounts Receivable
Inventory
Accounts Payable
Net Working Capital Days
27
Total
Financial Planning & Analysis
Delphi Confidential
Balance Sheet
December 2013 – February 2014
$Mils
Dec 13
Jan-14
Feb-14
Cash, Cash Equivalents, and Restricted Cash
1,393
1,293
940
Total Accounts Receivable, Net
2,662
2,635
2,937
1,093
416
3,216
234
1,219
815
11,047
1,214
424
3,202
235
1,202
778
10,983
1,230
417
3,224
237
1,195
790
10,969
2,595
2,412
982
6
523
169
1,449
8,136
2,562
2,417
978
6
529
156
1,466
8,113
2,638
2,331
983
6
534
158
1,373
8,022
2,911
2,869
2,947
11,047
10,983
10,969
Net Working Capital = A/R + Inv - A/P
1,160
1,287
1,529
a
(1,018)
(1,125)
(1,391)
ASSETS
Inventory
Deferred Income Taxes
Property, Net
Investments in Non-Consolidated JVs
Intangible Assets, Net
Other Assets
TOTAL ASSETS
LIABILITIES AND STOCKHOLDERS' EQUITY
Accounts Payable
Notes Payable and Long-Term Debt
Pension Benefits - Current and Long Term
Post-Retirement Benefits other than Pensions
Minority Interest
Warranty, Net
Other Liabilities
TOTAL LIABILITIES
TOTAL STOCKHOLDERS' EQUITY
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY
Memo:
Net Cash Balance
28
Financial Planning & Analysis
Delphi Confidential
a Net
cash balance includes cash, cash equivalents, and restricted cash less debt.
Regions
29
Financial Planning & Analysis
Delphi Confidential
Region Year-to-Date Results (Managerial Basis)
Jan-14
Actual
Feb-14
Actual
YTD
Actual
450
490
940
11
51
47
10.5%
65
13.3%
112
12.0%
2
0.0 ppt
1
(0.5 ppt)
566
574
1,140
37
28
40
7.0%
45
7.8%
84
7.4%
6
0.3 ppt
3
0.1 ppt
336
296
632
5
76
53
15.8%
38
12.7%
91
14.4%
14
2.2 ppt
14
0.6 ppt
60
67
127
(29)
(27)
OI Adj.
OI Adj. %
(3)
-5.1%
(1)
-1.8%
(4)
-3.4%
(13)
(8.9 ppt)
(8)
(5.5 ppt)
Other/Eliminations
Sales
(45)
(43)
(88)
(17)
(9)
1,367
1,385
2,752
6
118
138
10.1%
146
10.6%
284
10.3%
10
0.4 ppt
12
(0.0 ppt)
$Mils
North America
Sales
OI Adj.
OI Adj. %
EMEA
Sales
OI Adj.
OI Adj. %
Asia Pacific
Sales
OI Adj.
OI Adj. %
South America
Sales
Total Delphi
Sales
OI Adj.
OI Adj. %
30
Financial Planning & Analysis
Delphi Confidential
YTD Var
YTD Var
vs Budget vs Prior Year
February 2014 Actual vs Budget (Managerial Basis)
North America
OI Adj.
Sales
Feb-14 - Act vs Budget
60
477
Budget
65
490
Actual
6
14
Var - F/(U)
North America
OI Adj.
Sales
%
12.5%
13.3%
0.8ppt
EMEA
OI Adj.
Sales
Feb-14 - Act vs Budget
43
557
Budget
45
574
Actual
1
17
Var - F/(U)
EMEA
OI Adj.
Sales
%
7.8%
7.8%
0.0ppt
Asia Pacific
OI Adj.
Sales
Feb-14 - Act vs Budget
34
298
Budget
38
296
Actual
4
(2)
Var - F/(U)
Asia Pacific
OI Adj.
Sales
%
5.1%
-14.3%
(19.5ppt)
Thermal
Budget
Actual
Var - F/(U)
122
125
3
4
3
(1)
2.9%
2.3%
(0.7ppt)
6
5
(1)
0
(0)
(1)
5.1%
-3.6%
(8.7ppt)
E&S
Budget
Actual
Var - F/(U)
235
236
0
25
20
(5)
10.5%
8.4%
(2.1ppt)
E/EA
Budget
Actual
Var - F/(U)
40
38
(2)
2
1
(2)
5.9%
1.9%
(4.0ppt)
E/EA
Budget
Actual
Var - F/(U)
657
688
32
75
86
12
11.4%
12.5%
1.2ppt
DPSS
Budget
Actual
Var - F/(U)
7
5
(1)
1
(0)
(1)
7.9%
-3.6%
(11.5ppt)
DPSS
Budget
Actual
Var - F/(U)
78
73
(5)
6
4
(2)
8.1%
5.5%
(2.6ppt)
(2)
4
5
HQ
Budget
Actual
Var - F/(U)
0
0
0
(0)
1
1
HQ
Budget
Actual
Var - F/(U)
0
0
0
(1)
18
18
0
0
0
Elims
Budget
Actual
Var - F/(U)
(2)
(2)
0
0
0
0
Elims
Budget
Actual
Var - F/(U)
(40)
(42)
(2)
0
0
0
-1.3%
1.6%
2.9ppt
Thermal
Budget
Actual
Var - F/(U)
15
9
(5)
37
35
(2)
4
4
(0)
11.0%
11.5%
0.5ppt
E&S
Budget
Actual
Var - F/(U)
E/EA
Budget
Actual
Var - F/(U)
147
156
9
20
23
3
13.9%
15.0%
1.1ppt
DPSS
Budget
Actual
Var - F/(U)
6
5
(1)
0
0
(0)
6.3%
5.2%
(1.1ppt)
(3)
7
10
HQ
Budget
Actual
Var - F/(U)
0
0
0
0
0
0
Elims
Budget
Actual
Var - F/(U)
(3)
(3)
0
26
30
4
96
105
9
8
7
(1)
8.4%
6.5%
(1.9ppt)
E&S
Budget
Actual
Var - F/(U)
E/EA
Budget
Actual
Var - F/(U)
221
240
19
15
19
4
6.9%
8.1%
1.2ppt
DPSS
Budget
Actual
Var - F/(U)
42
40
(2)
4
3
(1)
10.3%
7.1%
(3.3ppt)
4
6
2
HQ
Budget
Actual
Var - F/(U)
0
0
0
0
0
0
Elims
Budget
Actual
Var - F/(U)
(17)
(20)
(3)
95
90
(5)
12
9
(3)
12.8%
10.0%
(2.8ppt)
E&S
Budget
Actual
Var - F/(U)
E/EA
Budget
Actual
Var - F/(U)
267
279
12
37
43
6
13.7%
15.3%
1.6ppt
DPSS
Budget
Actual
Var - F/(U)
26
25
(0)
1
1
0
4.4%
4.6%
0.2ppt
HQ
Budget
Actual
Var - F/(U)
0
0
0
Elims
Budget
Actual
Var - F/(U)
(15)
(14)
1
E&S
Budget
Actual
Var - F/(U)
Financial Planning & Analysis
Delphi Confidential
%
1
(1)
(2)
(0)
0
1
Thermal
Budget
Actual
Var - F/(U)
39
45
6
10.2%
10.6%
0.4ppt
9.8%
5.3%
(4.6ppt)
5.2%
4.3%
(0.9ppt)
Thermal
Budget
Actual
Var - F/(U)
Total Global
OI Adj.
Sales
%
%
32
16
(16)
2
2
(0)
2.7%
4.1%
1.4ppt
4.6%
-1.8%
(6.3ppt)
Total Global
OI Adj.
Sales
Feb-14 - Act vs Budget
140
1,375
Budget
146
1,385
Actual
6
10
Var - F/(U)
323
305
(18)
0
(1)
(1)
1
2
1
43
42
(0)
%
0.2%
-9.2%
(9.4ppt)
12
11
(1)
11
6
(5)
16
7
(10)
Thermal
Budget
Actual
Var - F/(U)
South America
OI Adj.
Sales
%
13.2%
8.2%
(5.0ppt)
85
73
(11)
176
164
(12)
4
5
0
11.4%
12.7%
1.3ppt
South America
OI Adj.
Sales
Feb-14 - Act vs Budget
4
78
Budget
(1)
67
Actual
(5)
(11)
Var - F/(U)
Powertrain
Budget
Actual
Var - F/(U)
9.3%
4.0%
(5.3ppt)
7.1%
6.8%
(0.3ppt)
61
68
6
%
Powertrain
Budget
Actual
Var - F/(U)
Powertrain
Budget
Actual
Var - F/(U)
Powertrain
Budget
Actual
Var - F/(U)
Powertrain
Budget
Actual
Var - F/(U)
31
%
February 2014 YTD Actual vs YTD Budget
(Managerial Basis)
North America
Sales
OI Adj.
Feb-14 - YTD vs Budget
Budget
929
111
Actual
940
112
Var - F/(U)
11
2
North America
Sales
OI Adj.
Powertrain
Budget
Actual
Var - F/(U)
128
134
6
11
12
1
Thermal
Budget
Actual
Var - F/(U)
85
80
(5)
E&S
Budget
Actual
Var - F/(U)
%
11.9%
12.0%
0.0ppt
EMEA
Sales
OI Adj.
Feb-14 - YTD vs Budget
Budget
1,104
78
Actual
1,140
84
Var - F/(U)
37
6
EMEA
Sales
OI Adj.
%
8.3%
8.9%
0.6ppt
Powertrain
Budget
Actual
Var - F/(U)
346
329
(17)
24
14
(10)
1
1
(0)
1.6%
1.2%
(0.4ppt)
Thermal
Budget
Actual
Var - F/(U)
74
88
14
190
176
(14)
25
18
(8)
13.3%
10.1%
(3.2ppt)
E&S
Budget
Actual
Var - F/(U)
E/EA
Budget
Actual
Var - F/(U)
505
530
25
62
72
10
12.2%
13.6%
1.3ppt
DPSS
Budget
Actual
Var - F/(U)
51
50
(1)
2
3
1
4.8%
6.1%
1.3ppt
HQ
Budget
Actual
Var - F/(U)
0
0
0
Elims
Budget
Actual
Var - F/(U)
(30)
(29)
1
32
%
7.1%
7.4%
0.3ppt
Asia Pacific
Sales
OI Adj.
Feb-14 - YTD vs Budget
Budget
628
77
Actual
632
91
Var - F/(U)
5
14
Asia Pacific
Sales
OI Adj.
%
6.9%
4.1%
(2.8ppt)
Powertrain
Budget
Actual
Var - F/(U)
176
150
(26)
26
19
(6)
2
4
1
3.1%
4.1%
1.0ppt
Thermal
Budget
Actual
Var - F/(U)
57
65
8
194
209
15
16
16
(0)
8.5%
7.7%
(0.8ppt)
E&S
Budget
Actual
Var - F/(U)
E/EA
Budget
Actual
Var - F/(U)
444
479
36
32
37
5
7.2%
7.8%
0.6ppt
DPSS
Budget
Actual
Var - F/(U)
81
77
(5)
8
4
(4)
10.1%
5.8%
(4.2ppt)
9
8
(1)
HQ
Budget
Actual
Var - F/(U)
0
0
0
0
0
0
Elims
Budget
Actual
Var - F/(U)
(35)
(41)
(7)
Financial Planning & Analysis
Delphi Confidential
%
12.2%
14.4%
2.2ppt
South America
Sales
OI Adj.
Feb-14 - YTD vs Budget
Budget
157
9
Actual
127
(4)
Var - F/(U)
(29)
(13)
South America
Sales
OI Adj.
%
14.6%
12.8%
(1.8ppt)
Powertrain
Budget
Actual
Var - F/(U)
25
21
(5)
0
(2)
(2)
0
2
2
0.2%
3.1%
3.0ppt
Thermal
Budget
Actual
Var - F/(U)
27
20
(8)
75
77
2
8
11
3
11.0%
14.7%
3.7ppt
E&S
Budget
Actual
Var - F/(U)
E/EA
Budget
Actual
Var - F/(U)
314
334
19
45
53
8
14.2%
15.8%
1.6ppt
DPSS
Budget
Actual
Var - F/(U)
12
12
0
1
1
(0)
6.3%
5.3%
(1.0ppt)
(5)
9
14
HQ
Budget
Actual
Var - F/(U)
0
0
0
0
0
0
Elims
Budget
Actual
Var - F/(U)
(6)
(6)
(0)
%
5.5%
-3.4%
(8.9ppt)
Total Global
Sales
OI Adj.
Feb-14 - YTD vs Budget
Budget
2,746
274
Actual
2,752
284
Var - F/(U)
6
10
Total Global
Sales
OI Adj.
%
%
10.0%
10.3%
0.4ppt
%
1.6%
-9.3%
(10.9ppt)
Powertrain
Budget
Actual
Var - F/(U)
651
612
(39)
60
43
(18)
9.3%
7.0%
(2.3ppt)
1
(3)
(4)
3.7%
-14.2%
(17.9ppt)
Thermal
Budget
Actual
Var - F/(U)
241
250
9
5
4
(1)
2.0%
1.5%
(0.4ppt)
13
7
(5)
1
(2)
(2)
4.7%
-22.5%
(27.2ppt)
E&S
Budget
Actual
Var - F/(U)
472
470
(2)
51
44
(7)
10.7%
9.3%
(1.4ppt)
E/EA
Budget
Actual
Var - F/(U)
82
74
(9)
6
1
(5)
7.6%
1.5%
(6.0ppt)
E/EA
Budget
Actual
Var - F/(U)
1,309
1,365
56
145
163
18
11.1%
11.9%
0.9ppt
DPSS
Budget
Actual
Var - F/(U)
13
10
(3)
1
(0)
(1)
8.4%
-1.0%
(9.4ppt)
DPSS
Budget
Actual
Var - F/(U)
154
145
(10)
13
8
(4)
8.1%
5.6%
(2.5ppt)
(3)
5
8
HQ
Budget
Actual
Var - F/(U)
0
0
0
(1)
1
2
HQ
Budget
Actual
Var - F/(U)
0
0
0
1
23
22
0
0
0
Elims
Budget
Actual
Var - F/(U)
(4)
(4)
0
0
0
0
Elims
Budget
Actual
Var - F/(U)
(81)
(89)
(9)
0
0
0
February 2014 Actual vs Prior Year (Managerial Basis)
North America
Sales
OI Adj.
Feb-14 Act vs Feb-13
Prior Year
446
60
Actual
490
65
Var - F/(U)
44
6
North America
Sales
OI Adj.
Powertrain
Prior Year
Actual
Var - F/(U)
63
68
5
4
5
1
Thermal
Prior Year
Actual
Var - F/(U)
41
42
1
E&S
Prior Year
Actual
Var - F/(U)
%
13.4%
13.3%
(0.1ppt)
EMEA
Sales
OI Adj.
Feb-14 Act vs Feb-13
Prior Year
568
45
Actual
574
45
Var - F/(U)
6
(0)
EMEA
Sales
OI Adj.
%
5.8%
6.8%
1.0ppt
Powertrain
Prior Year
Actual
Var - F/(U)
172
164
(8)
12
7
(6)
1
2
1
3.0%
4.1%
1.1ppt
Thermal
Prior Year
Actual
Var - F/(U)
37
45
8
93
90
(3)
11
9
(2)
12.0%
10.0%
(1.9ppt)
E&S
Prior Year
Actual
Var - F/(U)
E/EA
Prior Year
Actual
Var - F/(U)
241
279
39
40
43
3
16.6%
15.3%
(1.3ppt)
DPSS
Prior Year
Actual
Var - F/(U)
24
25
1
1
1
(0)
4.9%
4.6%
(0.3ppt)
HQ
Prior Year
Actual
Var - F/(U)
0
0
0
Elims
Prior Year
Actual
Var - F/(U)
(15)
(14)
1
33
%
7.9%
7.8%
(0.1ppt)
Asia Pacific
Sales
OI Adj.
Feb-14 Act vs Feb-13
Prior Year
250
31
Actual
296
38
Var - F/(U)
47
7
Asia Pacific
Sales
OI Adj.
%
7.1%
4.0%
(3.1ppt)
Powertrain
Prior Year
Actual
Var - F/(U)
68
73
5
9
6
(3)
1
2
1
3.1%
4.3%
1.2ppt
Thermal
Prior Year
Actual
Var - F/(U)
25
30
5
102
105
3
6
7
1
5.6%
6.5%
0.9ppt
E&S
Prior Year
Actual
Var - F/(U)
E/EA
Prior Year
Actual
Var - F/(U)
235
240
4
20
19
(0)
8.3%
8.1%
(0.2ppt)
DPSS
Prior Year
Actual
Var - F/(U)
45
40
(6)
3
3
0
6.1%
7.1%
0.9ppt
3
6
3
HQ
Prior Year
Actual
Var - F/(U)
0
0
0
0
0
0
Elims
Prior Year
Actual
Var - F/(U)
(24)
(20)
5
Financial Planning & Analysis
Delphi Confidential
%
12.5%
12.7%
0.3ppt
South America
Sales
OI Adj.
Feb-14 Act vs Feb-13
Prior Year
74
1
Actual
67
(1)
Var - F/(U)
(7)
(2)
South America
Sales
OI Adj.
%
13.3%
8.2%
(5.1ppt)
Powertrain
Prior Year
Actual
Var - F/(U)
12
11
(1)
(1)
(1)
(0)
0
0
0
1.5%
1.6%
0.1ppt
Thermal
Prior Year
Actual
Var - F/(U)
12
9
(3)
29
35
6
3
4
1
10.6%
11.5%
0.9ppt
E&S
Prior Year
Actual
Var - F/(U)
E/EA
Prior Year
Actual
Var - F/(U)
124
156
32
17
23
7
13.5%
15.0%
1.5ppt
DPSS
Prior Year
Actual
Var - F/(U)
6
5
(1)
0
0
(0)
6.5%
5.2%
(1.3ppt)
3
7
4
HQ
Prior Year
Actual
Var - F/(U)
0
0
0
0
0
0
Elims
Prior Year
Actual
Var - F/(U)
(3)
(3)
0
%
1.6%
-1.8%
(3.4ppt)
Total Global
Sales
OI Adj.
Feb-14 Act vs Feb-13
Prior Year
1,298
137
Actual
1,385
146
Var - F/(U)
86
10
Total Global
Sales
OI Adj.
%
%
10.5%
10.6%
0.0ppt
%
-5.0%
-9.2%
(4.2ppt)
Powertrain
Prior Year
Actual
Var - F/(U)
306
305
(1)
24
16
(8)
7.9%
5.3%
(2.7ppt)
0
(1)
(2)
3.1%
-14.3%
(17.4ppt)
Thermal
Prior Year
Actual
Var - F/(U)
115
125
11
3
3
(0)
2.7%
2.3%
(0.5ppt)
4
5
1
(1)
(0)
1
-31.0%
-3.6%
27.3ppt
E&S
Prior Year
Actual
Var - F/(U)
228
236
8
19
20
1
8.2%
8.4%
0.1ppt
E/EA
Prior Year
Actual
Var - F/(U)
42
38
(4)
2
1
(1)
4.6%
1.9%
(2.7ppt)
E/EA
Prior Year
Actual
Var - F/(U)
619
688
69
78
86
8
12.6%
12.5%
(0.1ppt)
DPSS
Prior Year
Actual
Var - F/(U)
6
5
(1)
0
(0)
(0)
3.8%
-3.6%
(7.3ppt)
DPSS
Prior Year
Actual
Var - F/(U)
79
73
(6)
5
4
(1)
5.8%
5.5%
(0.3ppt)
1
4
2
HQ
Prior Year
Actual
Var - F/(U)
0
0
0
0
1
0
HQ
Prior Year
Actual
Var - F/(U)
0
0
(0)
8
18
10
0
0
0
Elims
Prior Year
Actual
Var - F/(U)
(3)
(2)
1
0
0
0
Elims
Prior Year
Actual
Var - F/(U)
(48)
(42)
6
0
0
0
February 2014 YTD Actual vs YTD Prior Year
(Managerial Basis)
North America
Sales
OI Adj.
Feb-14 YTD vs Feb-13
Prior Year
889
111
Actual
940
112
Var - F/(U)
51
1
North America
Sales
OI Adj.
Powertrain
Prior Year
Actual
Var - F/(U)
129
134
5
9
12
3
Thermal
Prior Year
Actual
Var - F/(U)
84
80
(4)
E&S
Prior Year
Actual
Var - F/(U)
%
12.5%
12.0%
(0.5ppt)
EMEA
Sales
OI Adj.
Feb-14 YTD vs Feb-13
Prior Year
1,113
81
Actual
1,140
84
Var - F/(U)
28
3
EMEA
Sales
OI Adj.
%
6.9%
8.9%
2.0ppt
Powertrain
Prior Year
Actual
Var - F/(U)
337
329
(8)
19
14
(5)
2
1
(1)
2.1%
1.2%
(0.9ppt)
Thermal
Prior Year
Actual
Var - F/(U)
72
88
16
185
176
(9)
24
18
(6)
12.8%
10.1%
(2.7ppt)
E&S
Prior Year
Actual
Var - F/(U)
E/EA
Prior Year
Actual
Var - F/(U)
473
530
57
70
72
2
14.7%
13.6%
(1.2ppt)
DPSS
Prior Year
Actual
Var - F/(U)
48
50
2
3
3
0
5.8%
6.1%
0.3ppt
HQ
Prior Year
Actual
Var - F/(U)
0
0
0
Elims
Prior Year
Actual
Var - F/(U)
(30)
(29)
1
34
%
7.3%
7.4%
0.1ppt
Asia Pacific
Sales
OI Adj.
Feb-14 YTD vs Feb-13
Prior Year
557
77
Actual
632
91
Var - F/(U)
76
14
Asia Pacific
Sales
OI Adj.
%
5.6%
4.1%
(1.4ppt)
Powertrain
Prior Year
Actual
Var - F/(U)
147
150
3
25
19
(5)
2
4
2
2.5%
4.1%
1.6ppt
Thermal
Prior Year
Actual
Var - F/(U)
55
65
10
203
209
6
11
16
5
5.6%
7.7%
2.1ppt
E&S
Prior Year
Actual
Var - F/(U)
E/EA
Prior Year
Actual
Var - F/(U)
462
479
17
39
37
(1)
8.4%
7.8%
(0.6ppt)
DPSS
Prior Year
Actual
Var - F/(U)
85
77
(9)
5
4
(0)
5.7%
5.8%
0.2ppt
4
8
3
HQ
Prior Year
Actual
Var - F/(U)
0
0
0
0
0
0
Elims
Prior Year
Actual
Var - F/(U)
(48)
(41)
7
Financial Planning & Analysis
Delphi Confidential
%
13.8%
14.4%
0.6ppt
South America
Sales
OI Adj.
Feb-14 YTD vs Feb-13
Prior Year
155
3
Actual
127
(4)
Var - F/(U)
(27)
(8)
South America
Sales
OI Adj.
%
16.8%
12.8%
(4.0ppt)
Powertrain
Prior Year
Actual
Var - F/(U)
25
21
(5)
(1)
(2)
(1)
1
2
1
2.0%
3.1%
1.1ppt
Thermal
Prior Year
Actual
Var - F/(U)
27
20
(7)
64
77
14
8
11
4
12.3%
14.7%
2.4ppt
E&S
Prior Year
Actual
Var - F/(U)
E/EA
Prior Year
Actual
Var - F/(U)
283
334
50
40
53
13
14.1%
15.8%
1.7ppt
DPSS
Prior Year
Actual
Var - F/(U)
14
12
(1)
1
1
(0)
5.3%
5.3%
(0.0ppt)
6
9
3
HQ
Prior Year
Actual
Var - F/(U)
0
0
0
0
0
0
Elims
Prior Year
Actual
Var - F/(U)
(6)
(6)
(0)
%
2.1%
-3.4%
(5.5ppt)
Total Global
Sales
OI Adj.
Feb-14 YTD vs Feb-13
Prior Year
2,634
272
Actual
2,752
284
Var - F/(U)
118
12
Total Global
Sales
OI Adj.
%
%
10.3%
10.3%
(0.0ppt)
%
-3.4%
-9.3%
(5.9ppt)
Powertrain
Prior Year
Actual
Var - F/(U)
619
612
(7)
51
43
(9)
8.3%
7.0%
(1.3ppt)
1
(3)
(4)
4.6%
-14.2%
(18.8ppt)
Thermal
Prior Year
Actual
Var - F/(U)
235
250
15
6
4
(2)
2.5%
1.5%
(0.9ppt)
8
7
(0)
(2)
(2)
0
-27.1%
-22.5%
4.6ppt
E&S
Prior Year
Actual
Var - F/(U)
460
470
10
41
44
3
8.9%
9.3%
0.4ppt
E/EA
Prior Year
Actual
Var - F/(U)
88
74
(15)
4
1
(3)
4.4%
1.5%
(2.9ppt)
E/EA
Prior Year
Actual
Var - F/(U)
1,260
1,365
105
152
163
11
12.1%
11.9%
(0.1ppt)
DPSS
Prior Year
Actual
Var - F/(U)
12
10
(2)
0
(0)
(1)
3.6%
-1.0%
(4.6ppt)
DPSS
Prior Year
Actual
Var - F/(U)
154
145
(9)
9
8
(1)
5.7%
5.6%
(0.1ppt)
2
5
2
HQ
Prior Year
Actual
Var - F/(U)
0
0
0
1
1
0
HQ
Prior Year
Actual
Var - F/(U)
0
0
(0)
13
23
10
0
0
0
Elims
Prior Year
Actual
Var - F/(U)
(5)
(4)
1
0
0
0
Elims
Prior Year
Actual
Var - F/(U)
(94)
(89)
5
0
0
0
Divisional
35
Financial Planning & Analysis
Delphi Confidential
Monthly Income Statement
Powertrain – YTD 2014
Powertrain
$ Mils
Total Sales
Total Material
Material %
Manufacturing (incl PvS & excl D&A)
Manufacturing %
Factory Margin / (Loss)
Factory Margin %
Engineering (excl D&A)
305
YTD-14
Actual
612
140
138
278
45.5%
45.4%
45.4%
63
65
128
20.5%
21.3%
20.9%
105
102
206
34.1%
33.3%
33.7%
39
40
79
13.2%
13.0%
Other Cost of Good Sold (excl D&A)
D&A - Cost of Goods Sold
7
13
12
12
19
25
Total Cost of Goods Sold
262
268
530
Gross Margin / (Loss)
Gross Margin %
SG&A
D&A - SG&A
Total SG&A
SG&A % (excl D&A)
Restructuring Expense
D&A - Intangible Asset
Operating Expense
Operating Income / (Loss)
OI %
EBITDA (OI - D&A)
EBITDA %
EBITDA Adj.
EBITDA Adj. %
OI Adj.
OI Adj. %
Financial Planning & Analysis
Delphi Confidential
307
Feb-14
Actual
12.7%
Engineering %
36
Jan-14
Actual
45
37
82
14.7%
12.2%
13.4%
16
1
17
19
0
19
35
1
36
5.3%
6.2%
5.8%
0
(0)
0
1
2
3
281
289
569
26
16
42
8.6%
5.3%
6.9%
42
30
72
13.6%
10.0%
11.8%
42
30
72
13.7%
10.0%
11.8%
27
16
43
8.7%
5.3%
7.0%
February 2014 Financial Dashboard
Powertrain
Period: February
Current Month
$Mils
Actual
Sales
Prior Mth
Prior Yr
Actual
Budget
YTD Actual
vs Budget
305
307
306
612
651
Red
Factory Margin % to Sales
33.3%
34.1%
33.5%
33.7%
33.9%
Red
Engineering % to Sales
13.2%
12.7%
13.1%
13.0%
11.7%
Red
6.2%
5.3%
5.0%
5.8%
5.4%
Red
SG&A % to Sales
EBITDA Adj.
EBITDA Adj. % to Sales
Operating Income Adj.
30
42
38
72
91
10.0%
13.7%
12.4%
11.8%
14.1%
Red
Red
16
27
24
43
60
Red
Operating Income Adj. % to Sales
5.3%
8.7%
7.9%
7.0%
9.3%
Red
Minority Interest 3
Equity Income
OID
(2.6)
0.5
0.4
(2.8)
0.5
(0.1)
(2.5)
0.3
(0.7)
(5.4)
1.0
0.3
(5.5)
0.4
(0.0)
EBITDA
Working Capital
Capital Expenditures
Restructuring Expense Addback
Restructuring Cash
30
(37)
(18)
(0)
(1)
42
(31)
(19)
0
(2)
37
(34)
(14)
1
(2)
72
(68)
(37)
0
(3)
91
(141)
(51)
(0)
Green
Simplified OCF
(25)
(10)
(12)
(36)
(101)
Green
Simplified OCF % to Sales
-8.3%
-3.4%
-3.8%
-5.8%
-15.5%
Green
Working Capital Days:
Accounts Receivable
Inventory
Accounts Payable
61
30
61
57
30
60
61
29
54
61
30
61
62
30
56
Green
Net Working Capital Days
30
27
36
30
36
Green
5.1x
21.6%
5.1x
22.5%
5.2x
25.2%
4.4x
21.6%
4.7x
22.3%
18.0%
18.0%
18.0%
18.0%
18.0%
Fixed Cost Productivity 1
RONA Adj. 2
LTM Tax Rate
1
Sales divided by fixed cost; Current month is on a LTM basis
2
RONA calculation:
Calculation: OI after tax/Avg Net Assets (rolling 12 m onths)
Avg Balance= (Beg of year+End of year) /2
Financial Planning & Analysis
37
Delphi Confidential
Year To Date
Avg Net Assets= (Avg PPE+Avg NWC)
YoY
Actual
Growth
-1.1%
-0.9 ppt
-1.3 ppt
Green
Green
Green
Red
Red
Green
Green
Red
Green
-3.8 ppt
Monthly Income Statement
Thermal – YTD 2014
Thermal
$ Mils
Total Sales
Total Material
Material %
Manufacturing (incl PvS & excl D&A)
Manufacturing %
Factory Margin / (Loss)
Factory Margin %
Engineering (excl D&A)
Engineering %
Other Cost of Good Sold (excl D&A)
D&A - Cost of Goods Sold
Total Cost of Goods Sold
Gross Margin / (Loss)
125
YTD-14
Actual
250
78
78
156
62.3%
62.5%
62.4%
24
23
47
19.0%
18.5%
18.8%
23
24
47
18.7%
19.0%
18.8%
9
8
17
7.2%
6.5%
6.9%
3
3
3
3
6
6
117
115
232
8
10
18
7.9%
7.2%
7
0
7
6
0
6
13
0
13
5.2%
5.0%
5.1%
Restructuring Expense
0
0
0
D&A - Intangible Asset
1
1
1
124
123
246
SG&A
D&A - SG&A
Total SG&A
SG&A % (excl D&A)
Operating Expense
Operating Income / (Loss)
OI %
EBITDA (OI - D&A)
EBITDA %
EBITDA Adj.
EBITDA Adj. %
OI Adj.
OI Adj. %
Financial Planning & Analysis
Delphi Confidential
125
Feb-14
Fcst
6.6%
Gross Margin %
38
Jan-14
Actual
1
0.7%
3
2.0%
3
1.4%
5
6
11
3.7%
5.0%
4.4%
5
7
11
3.8%
5.3%
4.5%
1
3
4
0.8%
2.3%
1.5%
February 2014 Financial Dashboard
Thermal
Period: February
Current Month
$Mils
Actual
Sales
Factory Margin % to Sales
Actual
Budget
125
125
115
250
241
Green
19.0%
18.7%
19.6%
18.8%
20.1%
Red
6.5%
7.2%
6.2%
6.9%
7.1%
Green
SG&A % to Sales
5.0%
5.2%
5.5%
5.1%
5.1%
Green
EBITDA Adj. % to Sales
Operating Income Adj.
7
5
7
11
13
5.3%
3.8%
5.8%
4.5%
5.5%
Red
Red
3
1
3
4
5
Red
Operating Income Adj. % to Sales
2.3%
0.8%
2.7%
1.5%
2.0%
Red
Minority Interest 3
Equity Income
OID
(1.2)
1.2
0.2
(1.8)
(0.3)
0.3
(1.1)
0.9
(0.3)
(3.0)
0.9
0.5
(2.2)
2.4
-
EBITDA
5
6
11
13
5.7%
4.4%
5.3%
Working Capital
Capital Expenditures
Restructuring Expense Addback
Restructuring Cash
(6)
(5)
0
(1)
(17)
(6)
0
(1)
(43)
(5)
0
(1)
(23)
(11)
0
(2)
(46)
(12)
1
(1)
Simplified OCF
(5)
(20)
(41)
(25)
(46)
Green
Simplified OCF % to Sales
-4.1%
-15.7%
-36.0%
-9.9%
-18.9%
Green
Working Capital Days:
Accounts Receivable
Inventory
Accounts Payable
59
25
74
56
25
72
63
27
73
59
25
74
59
26
69
Green
Net Working Capital Days
10
8
17
10
16
Green
Fixed Cost Productivity 1
RONA Adj. 2
4.6x
9.3%
4.6x
10.3%
4.9x
17.1%
4.5x
9.3%
4.5x
9.3%
Green
LTM Tax Rate
18.0%
18.0%
18.0%
18.0%
18.0%
Sales divided by fixed cost; Current month is on a LTM basis
RONA calculation:
Calculation: OI after tax/Avg Net Assets (rolling 12 m onths)
Avg Balance= (Beg of year+End of year) /2
Avg Net Assets= (Avg PPE+Avg NWC)
-1.0 ppt
-0.9 ppt
Red
3.7%
1
6.4%
Green
6
2
YoY
Actual
Growth
Red
5.0%
EBITDA % to Sales
Financial Planning & Analysis
Delphi Confidential
Prior Yr
YTD Actual
vs Budget
Engineering % to Sales
EBITDA Adj.
39
Prior Mth
Year To Date
Red
Red
-1.0 ppt
Green
Red
Green
Green
Green
10.9 ppt
Monthly Income Statement
E&S – YTD 2014
E&S
$ Mils
Total Sales
Total Material
Material %
Manufacturing (incl PvS & excl D&A)
Manufacturing %
Factory Margin / (Loss)
Factory Margin %
Engineering (excl D&A)
Engineering %
Other Cost of Good Sold (excl D&A)
D&A - Cost of Goods Sold
Total Cost of Goods Sold
Gross Margin / (Loss)
Gross Margin %
SG&A
D&A - SG&A
Total SG&A
SG&A % (excl D&A)
Restructuring Expense
D&A - Intangible Asset
Operating Expense
Operating Income / (Loss)
OI %
EBITDA (OI - D&A)
EBITDA %
EBITDA Adj.
EBITDA Adj. %
OI Adj.
OI Adj. %
40
Financial Planning & Analysis
Delphi Confidential
Jan-14
Actual
234
Feb-14
Actual
236
YTD-14
Actual
470
128
131
259
54.6%
55.8%
55.2%
25
24
49
10.9%
10.2%
10.5%
81
80
161
34.5%
34.1%
34.3%
30
33
63
12.8%
13.9%
13.3%
6
5
8
5
14
9
194
201
395
40
35
75
17.2%
14.8%
16.0%
15
0
15
13
0
14
28
1
29
6.2%
5.7%
6.0%
3
1
3
1
1
3
213
217
429
21
19
40
9.1%
8.2%
8.6%
28
26
53
11.9%
10.8%
11.4%
31
26
57
13.0%
11.0%
12.0%
24
20
44
10.2%
8.4%
9.3%
February 2014 Financial Dashboard
E&S
Period: February
Current Month
$Mils
Actual
Sales
Prior Mth
Actual
Budget
234
228
470
472
Red
Factory Margin % to Sales
34.1%
34.5%
33.1%
34.3%
34.1%
Green
Engineering % to Sales
13.9%
12.8%
14.6%
13.3%
12.4%
Red
5.7%
6.2%
5.5%
6.0%
5.9%
Red
26
31
25
57
62
11.0%
13.0%
10.8%
12.0%
13.2%
Red
Red
EBITDA Adj.
EBITDA Adj. % to Sales
Operating Income Adj.
20
24
19
44
51
Red
Operating Income Adj. % to Sales
8.4%
10.2%
8.2%
9.3%
10.7%
Red
Minority Interest 3
Equity Income
OID
(0.2)
0.2
(0.4)
(0.0)
0.4
EBITDA
Working Capital
Capital Expenditures
Restructuring Expense Addback
Restructuring Cash
26
(57)
(4)
1
(5)
28
(5)
(6)
3
(17)
20
(32)
(5)
5
(4)
53
(62)
(10)
3
(22)
62
(36)
(11)
1
(21)
Simplified OCF
(41)
3
(17)
(38)
(6)
Red
Simplified OCF % to Sales
-17.3%
1.3%
-7.4%
-8.0%
-1.2%
Red
Working Capital Days:
Accounts Receivable
Inventory
Accounts Payable
64
22
54
55
21
51
60
20
52
64
22
54
58
22
52
Green
Net Working Capital Days
32
25
28
32
28
Red
4.0x
50.3%
3.9x
54.7%
4.0x
45.2%
3.6x
50.3%
3.8x
52.7%
Red
18.0%
18.0%
18.0%
18.0%
18.0%
Fixed Cost Productivity 1
RONA Adj. 2
LTM Tax Rate
1
2
Sales divided by fixed cost; Current month is on a LTM basis
RONA calculation:
Calculation: OI after tax/Avg Net Assets (rolling 12 m onths)
Avg Balance= (Beg of year+End of year) /2
Financial Planning & Analysis
Delphi Confidential
Prior Yr
YTD Actual
vs Budget
236
SG&A % to Sales
41
Year To Date
Avg Net Assets= (Avg PPE+Avg NWC)
YoY
Actual
Growth
2.1%
0.5 ppt
0.4 ppt
Green
Green
Red
Red
Green
Red
Red
Green
Red
-7.5 ppt
Monthly Income Statement
E/EA – YTD 2014
EEA
$ Mils
Total Sales
Total Material
Material %
Manufacturing (incl PvS & excl D&A)
Manufacturing %
Factory Margin / (Loss)
Factory Margin %
Engineering (excl D&A)
688
YTD-14
Actual
1,365
338
342
680
49.9%
49.6%
49.8%
147
147
294
21.8%
21.4%
21.6%
191
199
391
28.3%
29.0%
28.6%
33
36
69
5.2%
5.1%
Other Cost of Good Sold (excl D&A)
D&A - Cost of Goods Sold
25
16
21
16
45
32
Total Cost of Goods Sold
559
561
1,120
Gross Margin / (Loss)
118
127
245
17.4%
18.4%
17.9%
37
1
39
36
1
37
73
2
75
5.5%
5.2%
5.3%
Restructuring Expense
1
3
4
D&A - Intangible Asset
4
4
8
602
605
1,208
Gross Margin %
SG&A
D&A - SG&A
Total SG&A
SG&A % (excl D&A)
Operating Expense
Operating Income / (Loss)
OI %
EBITDA (OI - D&A)
EBITDA %
EBITDA Adj.
EBITDA Adj. %
OI Adj.
OI Adj. %
Financial Planning & Analysis
Delphi Confidential
677
Feb-14
Actual
4.9%
Engineering %
42
Jan-14
Actual
74
11.0%
83
12.0%
157
11.5%
96
104
200
14.1%
15.1%
14.6%
98
108
206
14.5%
15.6%
15.1%
77
86
163
11.4%
12.5%
11.9%
February 2014 Financial Dashboard
EEA
Period: February
Current Month
$Mils
Actual
Sales
Prior Mth
Prior Yr
Actual
Budget
YTD Actual
vs Budget
688
677
619
1,365
1,309
Green
29.0%
28.3%
27.7%
28.6%
27.6%
Green
Engineering % to Sales
5.2%
4.9%
5.2%
5.1%
5.3%
Green
SG&A % to Sales
5.2%
5.5%
5.5%
5.3%
5.7%
Green
Factory Margin % to Sales
EBITDA Adj.
EBITDA Adj. % to Sales
Operating Income Adj.
108
98
92
206
186
15.6%
14.5%
14.9%
15.1%
14.2%
Green
Green
86
77
78
163
145
Green
12.5%
11.4%
12.6%
11.9%
11.1%
Green
Minority Interest 3
Equity Income
OID
(2.1)
2.2
0.1
(2.8)
2.1
0.2
(2.8)
0.6
(0.2)
(4.8)
4.3
0.3
(6.4)
2.1
0.2
EBITDA
Working Capital
Capital Expenditures
Restructuring Expense Addback
Restructuring Cash
104
(130)
(23)
3
(3)
96
(73)
(17)
1
(6)
89
(123)
(18)
2
(2)
200
(203)
(39)
4
(9)
176
(229)
(45)
9
(14)
Green
(48)
0
(51)
(47)
(103)
Green
Simplified OCF % to Sales
-6.9%
0.0%
-8.2%
-3.5%
-7.9%
Green
Working Capital Days:
Accounts Receivable
Inventory
Accounts Payable
65
27
54
59
28
54
66
29
51
65
27
54
66
28
53
Green
Net Working Capital Days
38
33
43
38
41
Green
5.6x
44.2%
5.7x
47.1%
5.8x
42.5%
5.4x
44.2%
5.4x
43.0%
Green
18.0%
18.0%
18.0%
18.0%
18.0%
Operating Income Adj. % to Sales
Simplified OCF
Fixed Cost Productivity 1
RONA Adj. 2
LTM Tax Rate
1
2
Sales divided by fixed cost; Current month is on a LTM basis
RONA calculation:
Calculation: OI after tax/Avg Net Assets (rolling 12 m onths)
Avg Balance= (Beg of year+End of year) /2
43
Year To Date
Financial Planning & Analysis
Delphi Confidential
Avg Net Assets= (Avg PPE+Avg NWC)
YoY
Actual
Growth
8.3%
0.3 ppt
-0.1 ppt
Green
Green
Green
Green
Green
Green
Green
Green
-0.3 ppt
Monthly Income Statement
DPSS – YTD 2014
DPSS
$ Mils
Total Sales
Total Material
Material %
Manufacturing (incl PvS & excl D&A)
Manufacturing %
Factory Margin / (Loss)
Factory Margin %
Engineering (excl D&A)
73
YTD-14
Actual
145
49
50
100
68.7%
69.0%
68.9%
1
1
2
1.3%
1.1%
1.2%
21
22
43
30.0%
30.0%
30.0%
2
2
3
2.1%
2.3%
Other Cost of Good Sold (excl D&A)
D&A - Cost of Goods Sold
5
0
5
0
9
0
Total Cost of Goods Sold
57
58
114
Gross Margin / (Loss)
15
15
30
21.0%
20.8%
20.9%
10
0
10
10
0
10
20
0
20
13.6%
13.6%
13.6%
Restructuring Expense
0
0
0
D&A - Intangible Asset
1
1
2
68
69
137
4
4
Gross Margin %
SG&A
D&A - SG&A
Total SG&A
SG&A % (excl D&A)
Operating Expense
Operating Income / (Loss)
OI %
EBITDA (OI - D&A)
EBITDA %
EBITDA Adj.
EBITDA Adj. %
OI Adj.
OI Adj. %
Financial Planning & Analysis
Delphi Confidential
72
Feb-14
Actual
2.5%
Engineering %
44
Jan-14
Actual
5.6%
5.2%
8
5.4%
5
5
11
7.6%
7.2%
7.4%
5
5
11
7.6%
7.5%
7.6%
4
4
8
5.6%
5.5%
5.6%
February 2014 Financial Dashboard
DPSS
Period: February
Current Month
$Mils
Actual
Sales
Factory Margin % to Sales
Engineering % to Sales
SG&A % to Sales
EBITDA Adj.
EBITDA Adj. % to Sales
Operating Income Adj.
Prior Mth
Year To Date
Prior Yr
73
72
79
145
154
30.0%
30.0%
27.5%
30.0%
31.4%
Red
2.1%
2.5%
2.7%
2.3%
2.8%
Green
13.6%
13.6%
11.0%
13.6%
12.6%
Red
5
5
7
11
15
7.5%
7.6%
8.3%
7.6%
9.9%
Red
Red
Red
4
4
5
8
13
Red
5.5%
5.6%
5.8%
5.6%
8.1%
Red
Minority Interest 3
Equity Income
OID
(0.0)
0.1
0.0
(0.6)
(0.1)
(0.4)
0.0
(0.6)
(0.2)
0.0
5
3
(0)
0
(1)
5
(5)
(0)
0
(1)
6
(10)
(0)
1
(0)
11
(2)
(0)
0
(2)
15
18
(1)
(2)
Green
7
0
(4)
7
30
Red
Simplified OCF % to Sales
9.8%
0.1%
-4.5%
5.0%
19.2%
Red
Working Capital Days:
Accounts Receivable
Inventory
Accounts Payable
76
48
54
75
45
51
68
43
52
76
48
54
72
42
54
Red
Green
Net Working Capital Days
70
68
60
70
60
Red
8.5x
38.8%
8.5x
39.7%
8.5x
41.4%
6.7x
38.8%
6.7x
42.9%
18.0%
18.0%
18.0%
18.0%
18.0%
Simplified OCF
Fixed Cost Productivity 1
RONA Adj. 2
LTM Tax Rate
1
2
Sales divided by fixed cost; Current month is on a LTM basis
RONA calculation:
Calculation: OI after tax/Avg Net Assets (rolling 12 m onths)
Avg Balance= (Beg of year+End of year) /2
Financial Planning & Analysis
Delphi Confidential
Budget
Operating Income Adj. % to Sales
EBITDA
Working Capital
Capital Expenditures
Restructuring Expense Addback
Restructuring Cash
45
Actual
YTD Actual
vs Budget
Avg Net Assets= (Avg PPE+Avg NWC)
YoY
Actual
Growth
-6.1%
-0.7 ppt
-0.1 ppt
Green
Green
Red
Red
Green
Red
Green
Red
-3.3 ppt
Back-Up
46
Financial Planning & Analysis
Delphi Confidential
2014 Division ADJ Detail
Total Delphi - By Division
$ Mils
Powertrain Systems
Sales
Jan-14
Act
Feb-14
Act
307
305
612
Restructuring Expense
Restructuring %
0
0.1%
(0)
0.0%
0
0.1%
Impairments Related to R
R Impairment %
Thermal
Sales
0.0%
0.0%
0.0%
125
125
250
Restructuring Expense
Restructuring %
0
0.1%
0
0.3%
0
0.2%
Impairments Related to R
R Impairment %
E&S
Sales
0.0%
0.0%
0.0%
234
236
470
Restructuring Expense
Restructuring %
3
1.1%
1
0.2%
3
0.7%
Impairments Related to R
R Impairment %
EEA
Sales
0.0%
0.0%
0.0%
677
688
1,365
Restructuring Expense
Restructuring %
1
0.1%
3
0.5%
4
0.3%
Integration Expense
Integration %
2
0.3%
0
0.0%
2
0.1%
Impairments Related to R
R Impairment %
DPSS
Sales
0.0%
0.0%
0.0%
72
73
145
Restructuring Expense
Restructuring %
0
0.1%
0
0.3%
0
0.2%
Impairments Related to R
R Impairment %
HQ
Sales
0.0%
0.0%
0.0%
Restructuring Expense
Impairments Related to R
Elims
Sales
Total Delphi
Sales
47
Financial Planning & Analysis
Delphi Confidential
YTD-14
Act
-
-
-
0
0
0
-
-
(47)
(42)
(89)
1,367
1,385
2,752
Restructuring Expense
Restructuring %
4
0.3%
5
0.3%
8
0.3%
Integration Expense
Integration %
2
0.1%
0
0.0%
2
0.1%
Impairments Related to R
R Impairment %
0.0%
0.0%
0.0%
2014 BBP Division ADJ Detail
Total Delphi - By Division
$ Mils
Powertrain Systems
Sales
Jan-14
BBP
Feb-14
BBP
Mar-14
BBP
Apr-14
BBP
May-14
BBP
Jun-14
BBP
Jul-14
BBP
Aug-14
BBP
Sep-14
BBP
Oct-14
BBP
Nov-14
BBP
Dec-14
BBP
Q2-14
BBP
Q3-14
BBP
Q4-14
BBP
CY-14
BBP
328
323
342
351
360
337
357
324
390
411
400
352
993
1,049
1,071
1,162
4,275
Restructuring Expense
Restructuring %
0.0%
0.0%
2
0.7%
0.0%
14
3.8%
0
0.1%
20
5.6%
0.0%
0.0%
0.0%
0.0%
0
0.1%
2
0.3%
14
1.3%
20
1.9%
0
0.0%
37
0.9%
Impairments Related to R
R Impairment %
Thermal
Sales
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
119
122
135
131
130
130
125
127
141
136
130
124
376
392
393
390
1,550
Restructuring Expense
Restructuring %
0
0.0%
1
0.4%
3
2.1%
1
0.6%
0
0.0%
0
0.3%
0
0.1%
0
0.0%
0
0.3%
0
0.0%
0
0.0%
0
0.1%
3
0.9%
1
0.3%
0
0.1%
0
0.1%
5
0.3%
Impairments Related to R
R Impairment %
E&S
Sales
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
236
235
251
247
247
245
238
234
259
275
247
236
722
739
730
758
2,950
Restructuring Expense
Restructuring %
0
0.2%
0
0.2%
2
0.7%
0
0.1%
0
0.1%
2
0.7%
0
0.0%
0
0.0%
1
0.6%
0
0.0%
0
0.0%
1
0.6%
3
0.3%
3
0.3%
2
0.2%
2
0.2%
8
0.3%
Impairments Related to R
R Impairment %
EEA
Sales
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
652
657
725
725
709
702
650
662
733
746
664
626
2,034
2,136
2,045
2,036
8,250
Restructuring Expense
Restructuring %
8
1.3%
0
0.1%
13
1.8%
3
0.4%
1
0.1%
1
0.1%
0
0.1%
0
0.1%
0
0.1%
4
0.5%
6
1.0%
1
0.1%
22
1.1%
4
0.2%
1
0.1%
11
0.5%
38
0.5%
Integration Expense
Integration %
1
0.1%
1
0.1%
1
0.1%
1
0.1%
1
0.1%
1
0.1%
1
0.1%
1
0.1%
1
0.1%
2
0.2%
2
0.2%
2
0.3%
2
0.1%
3
0.1%
3
0.1%
5
0.2%
12
0.1%
Impairments Related to R
R Impairment %
DPSS
Sales
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
76
78
92
93
96
97
94
94
99
97
91
92
247
286
287
280
1,100
Restructuring Expense
Restructuring %
0.0%
0.0%
0
0.3%
0.0%
0.0%
0
0.3%
0.0%
0.0%
0
0.3%
0.0%
0.0%
0
0.3%
0
0.1%
0
0.1%
0
0.1%
0
0.1%
1
0.1%
Impairments Related to R
R Impairment %
HQ
Sales
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
3
-
-
2
-
-
1
-
-
5
3
2
1
5
10
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Restructuring Expense
Impairments Related to R
Elims
Sales
Total Delphi
Sales
48
Q1-14
BBP
(41)
(40)
(41)
(42)
(42)
(43)
(42)
(42)
(44)
(44)
(41)
(40)
(122)
(128)
(127)
(126)
(503)
1,371
1,375
1,503
1,506
1,500
1,469
1,422
1,399
1,578
1,620
1,491
1,390
4,249
4,474
4,399
4,501
17,622
Restructuring Expense
Restructuring %
9
0.6%
1
0.1%
24
1.6%
4
0.3%
15
1.0%
5
0.3%
21
1.4%
0
0.0%
3
0.2%
4
0.2%
6
0.4%
7
0.5%
34
0.8%
24
0.5%
24
0.5%
17
0.4%
99
0.6%
Integration Expense
Integration %
1
0.0%
1
0.0%
1
0.0%
1
0.1%
1
0.1%
1
0.1%
1
0.1%
1
0.1%
1
0.1%
2
0.1%
2
0.1%
2
0.1%
2
0.0%
3
0.1%
3
0.1%
5
0.1%
12
0.1%
Impairments Related to R
R Impairment %
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
Financial Planning & Analysis
Delphi Confidential
2013 Division ADJ Detail
Total Delphi - By Division
$ Mils
Powertrain Systems
Sales
Jan-13 Feb-13 Mar-13
Actual Actual Actual
Aug-13 Sep-13 Oct-13 Nov-13 Dec-13
Actual Actual Actual Actual Actual
Q1-13
Actual
Q2-13
Actual
Q3-13
Actual
Q4-13
Actual
CY-13
Actual
313
306
331
343
329
306
287
273
315
337
316
261
950
978
876
914
3,718
Restructuring Expense
Restructuring %
1
0.4%
1
0.4%
(1)
-0.4%
3
0.8%
1
0.2%
0
0.1%
2
0.6%
0
0.2%
1
0.4%
2
0.5%
15
4.7%
13
4.9%
1
0.1%
4
0.4%
4
0.4%
29
3.2%
38
1.0%
Impairments Related to R
R Impairment %
Thermal
Sales
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
120
115
125
124
126
123
112
121
131
134
128
109
360
373
364
371
1,468
Restructuring Expense
Restructuring %
0
0.2%
0
0.2%
1
1.1%
0
0.2%
1
0.6%
(1)
-0.5%
1
0.5%
(0)
0.0%
2
1.8%
(0)
0.0%
0
0.1%
3
3.1%
2
0.5%
0
0.1%
3
0.8%
3
0.9%
8
0.6%
Impairments Related to R
R Impairment %
E&S
Sales
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
232
228
234
249
243
233
223
227
254
270
236
201
694
725
704
708
2,830
Restructuring Expense
Restructuring %
1
0.3%
5
2.1%
5
2.1%
8
3.1%
3
1.1%
4
1.8%
3
1.3%
7
3.0%
9
3.4%
4
1.4%
3
1.1%
5
2.5%
10
1.5%
15
2.0%
18
2.6%
12
1.6%
55
1.9%
Impairments Related to R
R Impairment %
EEA
Sales
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
640
619
661
703
690
651
609
641
706
748
715
588
1,921
2,044
1,956
2,051
7,972
Restructuring Expense
Restructuring %
2
0.3%
2
0.3%
6
0.9%
4
0.6%
2
0.3%
1
0.2%
3
0.4%
2
0.3%
2
0.3%
2
0.3%
3
0.5%
(5)
-0.8%
10
0.5%
7
0.4%
7
0.4%
1
0.0%
25
0.3%
Integration Expense
Integration %
1
0.2%
1
0.1%
0
0.0%
2
0.3%
1
0.2%
1
0.2%
1
0.2%
1
0.2%
2
0.3%
1
0.1%
1
0.1%
3
0.6%
2
0.1%
4
0.2%
4
0.2%
5
0.2%
16
0.2%
Impairments Related to R
R Impairment %
DPSS
Sales
0.0%
0.0%
0.0%
0.0%
0
0.0%
0
0.1%
0
0.1%
0.0%
0.0%
1
0.1%
(1)
-0.1%
0.0%
0.0%
1
0.0%
0
0.0%
0.0%
1
0.0%
75
79
93
88
92
97
91
87
91
94
88
87
247
277
269
269
1,062
Restructuring Expense
Restructuring %
0
0.1%
1
0.7%
6
7.0%
0
0.0%
0
0.0%
(0)
0.0%
(0)
-0.1%
2
2.4%
2
2.2%
0
0.2%
0
0.2%
2
2.3%
7
2.9%
0
0.0%
4
1.5%
2
0.9%
13
1.3%
Impairments Related to R
R Impairment %
HQ
Sales
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0
0
-
-
-
-
-
-
-
-
-
-
0
-
-
-
0
1
0
0
0
0
(0)
0
0
1
(0)
1
2
1
1
1
3
5
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Restructuring Expense
Impairments Related to R
Elims
Sales
Total Delphi
Sales
49
Apr-13 May-13 Jun-13 Jul-13
Actual Actual Actual Actual
(47)
(48)
(53)
(53)
(50)
(54)
(50)
(52)
(51)
(51)
(46)
(34)
(147)
(158)
(152)
(130)
(588)
1,335
1,298
1,391
1,453
1,430
1,357
1,272
1,297
1,447
1,532
1,438
1,213
4,024
4,240
4,016
4,183
16,463
Restructuring Expense
Restructuring %
6
0.4%
9
0.7%
17
1.3%
15
1.1%
7
0.5%
5
0.4%
8
0.6%
11
0.9%
18
1.2%
8
0.5%
22
1.5%
21
1.7%
32
0.8%
27
0.6%
37
0.9%
50
1.2%
145
0.9%
Integration Expense
Integration %
1
0.1%
1
0.1%
0
0.0%
2
0.1%
1
0.1%
1
0.1%
1
0.1%
1
0.1%
2
0.1%
1
0.1%
1
0.0%
3
0.3%
2
0.1%
4
0.1%
4
0.1%
5
0.1%
16
0.1%
Impairments Related to R
R Impairment %
0.0%
0.0%
0.0%
0.0%
0
0.0%
0
0.0%
0
0.0%
0.0%
0.0%
1
0.0%
(1)
0.0%
0.0%
0.0%
1
0.0%
0
0.0%
0.0%
1
0.0%
Financial Planning & Analysis
Delphi Confidential
February 2014 Walk to NI Adj.
Feb 2014
$Mils (except where share ct., EPS)
Financial Planning & Analysis
Delphi Confidential
Actual
YTD
EBITDA
Restructuring Expense - GAAP
Integration
187.1
4.5
0.2
368.6
8.3
1.9
Subtotal Adj.
EBITDA Adj.
4.7
191.8
10.2
378.9
OI
Restructuring
Integration
R Impairment
141.7
4.5
0.2
-
273.9
8.3
1.9
-
Subtotal Adj.
OI Adj.
4.7
146.4
10.2
284.1
NI
share count
EPS
108.0
200.7
309.27
0.65
Restructuring Expense - GAAP
Integration
R Impairment
BTL Adj. Costs
4.5
0.2
-
8.3
1.9
-
Pre-Tax Adj.
Tax Impact:
Subtotal - Tax impact
Tax Rate on Adj.
Wtd. Average Rate
After Tax Adj.
Total After Tax Adj.
4.7
10.2
0.9
2.0
19.8%
19.8%
3.8
8.2
111.8
208.9
309.27
0.68
NI Adj.
Share count
EPS Adj
50
Actual
Feb-14