ALV General Presentation 2017

Autoliv
General Presentation
2017
v 1.0
1 March 24, 2017 Autoliv General Presentation 2017 Copyright Autoliv Inc., All Rights Reserved
Autoliv in Brief
Every year our products
save over 30,000 lives
and prevent ten times as

many severe injuries
Our Guiding Principles
Our Strategy to Stay Ahead
Relentless focus on Operational Excellence
Quality – Zero defects by

flawless execution
One Product One Process

to improve cost effectiveness
and robustness
Innovation to lead industry

in Real Life Safety
We Save More Lives while Creating Value
Human lives saved by our products

… additionally they prevent ten times as
many severe injuries
160000
140000
120000
100000
80000
60000
40000
20000
0
2016 Target
Creating Sustainable Value
Saving
More Lives
is the most significant
impact we can make
as a Company.
Superior Global Presence China
Europe
18%
of sales
30%
of sales
Japan
9%
Americas of sales
34%
of sales RoA
9%
of sales
WORLDS LARGEST AUTOMOTIVE

SAFETY SUPPLIER
>70,000 ASSOCIATES >83 FACILITIES 27 COUNTRIES
Autoliv’s Research, Development & Engineering
China
Sweden
Shanghai
Vårgårda
Linköping
Gothenburg
Poland
Oława
France
Japan
Gournay
Rouen Tsukuba
Pont-de-Buis Hiroshima
Cergy-Pontoise Tochigi
USA
Ogden
Lowell Romania
Brasov South Korea
Goleta
Auburn Hills Germany Timisoara Seoul
India
Southfield
Dachau Bangalore
Elmshorn
Holzgerlingen
Schweinfurt
~7,900 ASSOCIATES THOUSANDS OF 22 TECHNICAL 19 CRASH

ENGAGED IN R,D&E R,D&E PROJECTS CENTERS TEST TRACKS
Autoliv Today
A global leader in Automotive Safety with a well-balanced footprint
Customers
Global Footprint Others
Products
Brake Control Systems
2% 2%
RoA 2% 2% Active Safety Products
Domestic Chinese OEMs 2% 11%
3% 4%
Japan 9% Europe 3% Passive Safety 7%
11% Electronics
9% 4%
30% 10%
6% Sales
Sales 2016 Sales
China 11% 52% Airbags
18% 2016 6% 2016
7% 27%
10%
8% Seatbelts
34% 10%
Americas
Key Figures Summary
US$ (in millions) 2016

Sales 10,074
Operating income 848
Net income 562
Earnings per share, US$ 6.42
Cash from operations 868

Return on total equity, % 15
Share holder returns 203
Headcount (no. of persons) 70,000
Light Vehicle Production (millions units) 90
2016 in Summary
16% 39% 10%

organic sales growth in market share in the global total sales growth
active safety* passive safety market
$203m $868m $499m

in direct shareholder returns in operational cash flow of CAPEX, supporting growth
* Non-U.S. GAAP measure, please refer to our 2016 Annual Report for reconciliation.
M&A Track Record
Supports organic growth strategy
Volvo IP License
MACOM1)
US$ (millions) Zenuity
Visteon Radar, ANBS
(2017)
Aztyx/Hella IP
12,000
Delphi OPS
Visteon Restraint Tyco Radar
10,000 Izumi Electronics
Norma
NSK
8,000 Mando OEA
Morton ASP
LivBag
6,000 IsoDelta
Autoflug
4,000 Sale of Italy
Klippan Britax
2,000
,0
1982 1985 1988 1991 1994 1997 2000 2003 2006 2009 2012 2015
1) Automotive business
Innovative Spirit
for Robust
Solutions
Industry Pioneer with Strong Heritage
More than 60 years of innovation in Automotive Safety
MECHANICAL PYROTECHNICAL ELECTRONICS DIGITAL
1950s 1980s 1990s 2000s 2010s
Real Life Safety
The Road to Saving More Lives
REAL LIFE
SAFETY
Traffic Safety
System Integration Research
Active Passive
Technologies Technologies
Beyond Standardized Test Scenarios… …Towards Real Life Situations and Benefit
Innovative Spirit
R,D&E Expenditure
 Almost 7,900 people in Research,

Development and Application
Engineering (R,D&E)
 Manufacturing close to customers’
assembly plants in North America,
Western Europe and Japan
 Local teams support our corporate
research efforts
LIV - The Learning Intelligent Vehicle
Connecting different
Shared control between To attain trust required in
technologies in an
driver and vehicle autonomous driving
AI-based ECU
Unique Testing Capabilities
In 2016, Autoliv continued to lead all automotive safety related
suppliers by globally performing over 625 full vehicle crash tests
in China, Europe and the United States.
76% OF R,D&E ARE

ONLY SAFETY SYSTEM SUPPLIER DOING 6 TRACKS FOR TRACKS FOR ACTIVE
19 TEST TRACKS ASSIGNMENTS ORDERED AND
COMPLETE VEHICLE CRASH-TESTS FULL-SCALE TESTS SAFETY TESTING
FUNDED BY CUSTOMERS
Road Fatalities per Country
105 130
100
per 100,000 inhabitants/year
per 100,000 vehicles
90
80
70
60
50
40
30
20
10
Source: Autoliv estimates
Reduction of Life-Threatening Injuries
by Major Product Types
Passenger Airbags
Driver Airbags
Side Airbags
Curtain Airbags
Modern Seatbelts
0% 10% 20% 30% 40% 50% 60% 70% 80%
Source: Glassbrenner 2009, McCartt & Kyryshenko 2007 and Crandall 2000
Strategy &
Products
Our Transformation in a World of Change
Autonomous
Driving
Automated Route Automated Route

(Trained) (Destination)
Automated Highway Automated City Automated Valet Evasive

Driving Driving Parking Maneuvers
AEB – Intersection Overtaking

AEB – City AEB – Urban
Ped./Cyclist Assist Assist
Lane
ACC / Cross-Traffic Real-Collision Auto Parallel Electronic
Centering & Navigation
Queue Assist Assist Mitigation Parking Horizon
Keeping
Lane Forward
Anti-Lock Stability Electric Power Blind Spot Ped./Cyclist Parking Traffic Sign Surround /
HMI Departure Collision
Brakes Control Steering Monitoring Detection Aid Recognition Rear View
Warning Warning
Brake Steering Propulsion Driver Ultrasonic Inertia

Radar Cameras LIDAR GPS MAPS V2X
Controls Controls Controls Monitoring Sensors Sensors
Life-Saving Technologies
AIRBAGS
In frontal crashes, driver airbags reduce fatalities
by appr 25%, and front-seat airbags by appr 20%.
Side-curtain airbags reduce life-threatening head
injuries in side impacts by appr 50% for passengers
sitting on the side of the vehicle that is struck.
Side airbags, rear side airbags, knee airbags and
far-side airbags also help save lives and reduce
serious injuries.
SEATBELTS prevent fatalities PROTECTING PEDESTRIANS

The combination of seatbelt, seatbelt Thanks to a pyrotechnic hood-lifter and/or an
pretensioners, load limiters, lap pretensioners outside pedestrian protection airbag, a pedestrian
and frontal airbags reduces the risk of life- who is hit can avoid head injury caused by the hard
threatening head or chest injuries in frontal area between the hood and the windscreen or one
crashes by 75%. of the windshield pillars.
Passive Safety
Sales Operating income

Products
 Airbags,
$ 7,621 $ 7,919
 Seatbelts, and 2016
2015
 Steering wheels
Organized in geographies: Share of group sales

 Europe,
 North America,
 South America,
 China,
Headcount
 Korea,
2015 59,861
 Japan & South East Asia, and India.
2016 63,134
Technologies to Prevent Accidents
ADAS ECU – A supporting brain

Monitors the surroundings and fuses data from
cameras, radars and sensors to interpret the
situation and trigger ADAS features like emergency
braking or automatic lane change. Satellite sensors
trigger seatbelt pretensioners and airbag systems.
NIGHT VISION ASSIST

In challenging lighting – at night, in fog, blinding
CAMERAS – extra pair of eyes headlight and sunlight glare – collisions can be
RADAR avoids crashes avoided as far infrared technology shows a heat-
Mono and stereo vision cameras can recognize generated image of animals, pedestrians and more.
vehicles, pedestrians, speed signs and lane - Detects objects in all weathers and provides an
markings, and are used in the Advanced Driver advance warning of potential collisions.
Assistance Systems (ADAS) to avoid collisions. - To avoid blind spot crashes.
- Controls the stop-and-go functions in the OPTIMUM BRAKING
queue
Steering Wheels Alert - Long-range radars are used for Adaptive
Brake Actuation and Brake Control use sensors to
apply the correct braking pressure for a given
An integrated electrical motor can vibrate Cruise Control systems (ACC) and condition. They also offer electronic stability control,
the steering wheel, alerting the driver to Autonomous Emergency Braking (AEB). anti-locking brakes and traction control systems.
dangerous situations.
Electronics
Sales Operating income
Products
 Passive safety electronics:
airbag control modules and remote $ 2,216
sensing units $ 1,589
2016
2015
 Active safety products;
automotive radars, night vision systems,
cameras with driver assist systems and
positioning systems Share of group sales
 Brake control systems
Headcount
2015 4,080
2016 6,778
Sensors - Vision Technology
VISION
BROADEST TECHNOLOGY PLATFORM
Our camera-based vision systems are the key – MONO – STEREO – NIGHT VISION –
to driver assistance and safety functions, such DRIVER MONITORING
as accident avoidance. The comprehensive
information gathered by vision systems
provides vital input data for advanced vehicle-
control systems.
(Our Mono and Stereo-vision cameras capture rich

environmental data and process this using advanced
algorithms to warn the driver of hazardous situations.)
Controls - ADAS ECU
The brain of an active safety system
ADAS ECU
Our ADAS ECU is the brain that fuses all vital WORLD FIRST CENTRAL ADAS ECU
information from sensors to make the best
possible interpretation of the situation and
trigger ADAS features like emergence braking
or automatic lane change.
Sensors - Radar Technology
Broadest portfolio in the market
 old
RADAR
Our radars can “see” when cameras are STRONG PORTFOLIO OF
blinded by darkness or bad weather. Radars RADAR SENSOR TECHNOLOGIES
also note vital information, such as range, angle
and relative velocity, complementing visual
information from our cameras.
2016 Central ADAS ECU
Technology Leadership 2015 Front-position, Side-looking Radar*
2013 Bag-in-belt / Night Vision Fusion* / Mono Vision Camera / AEB Radar*
2012 Pedestrian airbag* / Dynamic Spot Light*/ Animal detection system* / Green airbag inflator
2011 Camera-based Advanced Driver Assistance System
2010 Seatbelt Locking tongue*
2008 Integrated safety electronics* / Pedestrian detection system*
2007 Multi-volume cushion airbag*
2006 Safety Vent bag*
2005 Night vision system / Pedestrian protection hood*
2004 Fixed hub steering wheel*
2002 Anti-sliding bag* / Adaptive load limiter*
1998 Side curtain airbag*/ Anti-whiplash seat*
1997 Side airbag for head protection*
1995 Knee airbag* / Seatbelt load limiter*
1994 Side thorax bag*
1992 Steering wheel with integrated sensor
1989 Seatbelt with buckle pretensioner*
1986 Belt grabber*
1980 Airbag production
1956 Seatbelt production * World’s first
Technology Leadership
through early lead-to-market and intellectual property
Customer World’s Firsts where Autoliv has contributed;
 Daimler – Side-looking radar (2015)
 Mercedes – Sensor Fusion NIR/FIR for night driving assist (2013)
 Volvo – External pedestrian protection airbag (2012)
 BMW – Pedestrian warning for night driving (2008)
 Ford – Integrated inertia motion control ECU into the airbag ECU (2008)
 Renault – Adaptive Multi-Volume cushion airbag (2007)
 Chrysler – Safety-Vent passenger airbag (2006)
 Jaguar – Pedestrian protection pop-up hood (2005)
 BMW – Seatbelts with adaptive load limiters (2002)
 Renault – First company to receive “Five Stars” in the EuroNCAP (2002)
 Ford – Integrated gyro-rollover sensor into the airbag ECU (2002)
 Volvo and Mercedes – Side curtain airbags (1998)
 BMW – Side airbags for head protection (1997)
 Kia – Knee airbags(1995)
 Volvo – Side airbags (1994)
 Volvo – Pretensioner (1989)
Our Market
Our Global Passive Market
Statistically, there were 39% OF GLOBAL PASSIVE

SAFETY* MARKET SHARE
more than 1.5 airbags and
seatbelts from Autoliv in every
vehicle produced globally, despite 149 MILLION SEATBELTS
many vehicles not having airbags
146 MILLION AIRBAGS
* Airbag, steering wheel, seatbelt
Market Shares 2016
Global Safety Market Share by Product
Autoliv’s share
Market share by Product Market share by Region1)
Overall Passive Safety 1) 39% Global 39%
Seatbelts Europe
Airbags Americas
Steering Wheels Japan
Passive Safety Electronics China
Active Safety Sensors 2) Rest of Asia
0% 20% 40% 60% 0% 20% 40% 60%
1) Airbags, steering wheels, seatbelts.

2) Radars, night vision, front view mono and stereo vision cameras, ADAS ECU’s
Light Vehicle Production Outlook 2006 thru 2019
Million Units
120
100 ~96M
~ 90M
80 29 Other
~ 74M 23
~ 65M
~57M Growth Markets1)
60 24
18 26
China
~40M 28
6 16
40
11 9 8 Japan
8
15 14 Western Europe
16
20 14 ~34M
~39M Developed Markets
14 17 17 North America
12
0
2006 2011 2016 2019
1) Growth Markets (Eastern Europe, China, Rest of Asia, South America, Middle East/Africa).
Source: IHS January 16, 2017
Growth Drivers by Region 1)
US$ (Billions)
40
~ 34B
35
CAGR ~ 8% Other CAGR ~ 8%
30
~ 27B
̴ 6,5
China CAGR ~ 8% Growth Markets2)
25 5,1 ̴ 6,5
20 5,2 ̴ 4,0 Japan CAGR ~ 4%
15 3,5
̴ 6,5
5,1
Western Europe CAGR ~ 8%
10
Developed Markets
5
8,3 ̴ 10,5 North America CAGR ~ 9%
0
2016 2019
1) Company estimates. Includes seatbelts, airbags, steering wheels, radars, night vision, front view mono and stereo vision cameras, ADAS ECU’s, airbag control modules and remote sensing units.
2) Growth Markets (Eastern Europe, China, Rest of Asia, South America, Middle East/Africa).
CAGR = Compound Annual Growth Rate
Growth Drivers by Segment1)
US$ (Billions)
40
~ 34B
35
CAGR ~ 8%
30 ~ 27B
̴ 12,0 Electronics CAGR ~15-20%
25
7,5
20
15
10 19,7
̴ 22,0 Passive Safety CAGR ~4%
0
2016 2019
1) Company estimates. Includes seatbelts, airbags, steering wheels, radars, night vision, front view mono and stereo vision cameras, ADAS ECU’s, airbag control modules and remote sensing units.
CAGR = Compound Annual Growth Rate
Superior Global Presence
Long-term expansion in growth markets
Headcount
80 000
Steering Wheels
Brake Systems
70 000
Electronics
Seatbelts
60 000
Airbags
Autoliv
Manufacturing
Facilities 50 000
North America
40 000
South America
Europe 30 000
Japan
20 000
China
Korea 10 000
India
Asia other 0
2006 2016
Best Cost Countries High Cost Countries
Superior Global Presence
All Major Vehicle Manufacturers
Significant Launches in 2016 Honda CR-V
Radar system, brake control system
and seatbelt with pretensioner.
Mercedes E-Class Ford F-Series

Driver airbag with steering wheel, passenger
airbag, knee airbag, seatbelt with pretensioner Super Duty
and bag-in-belt, ADAS control unit, radar Side airbag, inflatable curtain,
system and camera system. positioning system and safety electronics.
Volvo S90/V90 Toyota CH-R

Driver airbag with steering wheel, inflatable Driver airbag with steering wheel,
curtain, active seatbelt with pretensioner, side airbag, inflatable curtain and
safety electronics and cable cutter. seatbelt with pretensioner.
BMW 5 Series
Honda Freed Driver airbag with steering wheel,
Driver airbag with steering wheel, seatbelt passenger airbag, seatbelt
with pretensioner and brake control system. with pretensioner, night vision
system and cable cutter.
Mazda 3/Axela Chrysler Pacifica

Driver airbag with steering wheel, Driver airbag, inflatable curtain,
passenger airbag, side airbag, inflatable knee airbag, seatbelt with
curtain and safety electronics. pretensioner and radar system.
Autoliv Production Volumes 2016
Million Units
160
Knee
140
Head
120
Without
pretensioners
100
Global Light Vehicle Production

80
Chest
60
40 With
pretensioners
Front
20
0
Seatbelt Airbag Steering Wheel ECU
Direct Labor Cost per Country
YTD 2016
Sweden 100
France 87
Germany 87
US 75
Canada 67
South Korea 65
Spain 60
Japan 58
Estonia 25
Brazil 23
Hungary 23
Taiwan 21
Poland 21
Turkey 18
China 14
Romania 13
South Africa 12
Indonesia 10
Mexico 10
Thailand 9
India 6
Tunisia 6
Phillipines 4
Our Employees
The Success of Our People
 In a highly competitive and rapidly changing

environment we rely on the skills of our people
to be able to adapt quickly and find ways to
meet our customers’ needs and create
shareholder value.
Our Human Resources
Headcount
80 000
70 000
SG&A
60 000
50 000 RD&E
40 000
30 000 Production - indirect
20 000
10 000 Production - direct
0
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Well Balanced Workforce
Financials &
Statistics
Autoliv’s Targets
Organic Sales*
9%
8%
 In 2016, Autoliv's organic sales
7% increased by 7%, compared to our
6%
underlying automotive safety market
that grew by 8%. Sales growth was
5%
particularly strong in China and Europe,
4% which grew by 14% and 10%,
3%
respectively, partly due to Electronics.
2%
1%
0%
2012 2013 2014 2015 2016
Automotive Safety Market Growth, % Organic Sales growth, %
Autoliv’s Targets
Leverage ratio*
1,5  Our target ratio is around one time, within a

range of 0.5 to 1.5 times. By the end of 2016,
Autoliv had a net debt of $313 million. The
1
leverage ratio was 0.4. There were no share
repurchases made during 2016.
0,5
0
2012 2013 2014 2015 2016
Target range Long-term Target
Autoliv’s Targets
Operating margin*
10%
9%
8%
7%  Autoliv achieved an adjusted operating

margin of 8.5% in 2016, within our long-term
6%
target range. This was achieved despite higher
5% R,D&E, net, and other costs related to
4% investments for capacity and growth as well as
3%
acquisition effects.
2%
1%
0%
2012 2013 2014 2015 2016
Target range
Autoliv’s Targets
Earnings per Share*
 In 2016, adjusted EPS (excluding antitrust related

costs) grew by 11%, which was approximately 4
percentage points better than the organic sales
increase. The operating profit and the number of
outstanding shares were higher than prior year. The
increase in EPS was mainly driven by lower costs
for capacity alignments.
Strong Organic Sales Growth
US$ (Millions)
12 000
10 000
Europe
8 000
 In 2016, consolidated sales were
$10,074 million. Excluding negative
currency translation effects and positive
6 000 M&A effects from our recent acquisition,
Americas Autoliv grew 7% organically, making it
the seventh consecutive year with
4 000
organic sales growth.*
2 000
Asia
-
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Active Safety Adoption
Million units Models
11 220
10 200
9 180
8 160
 The rapid adoption of Active Safety
7 140 continues. In 2016 we shipped ~32%
more AS units than in 2015. Organic
6 120
sales grew by 16%, and we delivered
5 100
Active Safety products to more than
4 80 160 different vehicle models.*
3 60
2 40
1 20
0 0
2012 2013 2014 2015 2016
No. of units No. of vehicle models

Investing for Growth
US$ (Millions) %
500 5
400  Our capital expenditure, net in 2016,

was 4.9% of overall sales or $499
million. Investments in production
300 capacity to support further growth,
4 vertical integration and inflator
replacement business continued.
200
Major investments were mainly made
in Europe, North America, China and
100
Active Safety.
0 3
2012 2013 2014 2015 2016
Capex, net % of sales, net
Shareholder Returns
US$ (Millions)
900
800
700
600
 In 2016 Autoliv returned a total of $203
million to shareholders through regular
500
dividends. There were no share re-
400 purchases in 2016.
300
200
100
0
2012 2013 2014 2015 2016
Dividend Share Buybacks
Cash Flow vs. Capital Expenditures
1000
900
800
700
600
500
400
300
200
100
0
2012 2013 2014 2015 2016
Cash flow from operations Capital expenditures, net
Capital Expenditures, net vs. D&A
US$ (Millions) %
500 6
5
400
4
300
200
100
1
0 0
2012 2013 2014 2015 2016
Depreciation & Amortization Capital Expenditures, net Capex % of Sales
Capital Turnover Rate 1)
Times
2,8
2,6
2,4
2,2
2,0
1,8
1,6
1,4
1,2
1,0
2012 2013 2014 2015 2016
1) Sales in relation to average capital employed
Net Sales and Light Vehicle Production
US$ (Millions) Units (Millions)
11 000 100
90
10 000 85 86 90
83
80
9 000 80
8 000
70
7 000
60
6 000
50
5 000 10 074
9 240 9 170
8 803 40
4 000 8 267
30
3 000
2 000 20
1 000 10
0 0
2012 2013 2014 2015 2016
Consolidated sales Global light vehicle production (LVP)
Source: IHS @ January 16, 2017
Autoliv’s Targets
Target= 1,000 (end of 2016)
Numbers of Suppliers
2 000
1 800
1 600 1490
1403
1 400
1248 1)
1)
1 200 1119
1 000
1010
1,2)
Target
800
600
400
200
0
2012 2013 2014 2015 2016
1) From 2014, the count excludes spare or service part suppliers. The General Purchasing Conditions, GPC, commit suppliers to provide parts for 15 years after end of production.
2) Excluding the ANBS joint venture supply base.
Productivity Improvement
Direct labor productivity measured in LMPU (labor minutes per produced unit).
Target= at least 5% reduction in LMPU
7,0% 6.7%
6,4%
6,5% 6,1% 6,2% 6,2%
6,0%
5,5%
5,0%
Target
4,5%
4,0%
3,5%
3,0%
2,5%
2,0%
1,5%
1,0%
0,5%
0,0%
2012 2013 2014 2015 2016
Each year, Autoliv’s
products save over
30,000 lives
autoliv.com

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Autoliv

and prevent ten times as

Quality – Zero defects by

One Product One Process

Innovation to lead industry

Human lives saved by our products

WORLDS LARGEST AUTOMOTIVE

~7,900 ASSOCIATES THOUSANDS OF 22 TECHNICAL 19 CRASH

US$ (in millions) 2016

Cash from operations 868

16% 39% 10%

$203m $868m $499m

4,000 Sale of Italy

MECHANICAL PYROTECHNICAL ELECTRONICS DIGITAL

1950s 1980s 1990s 2000s 2010s

 Almost 7,900 people in Research,

76% OF R,D&E ARE

Source: Autoliv estimates

0% 10% 20% 30% 40% 50% 60% 70% 80%

Automated Route Automated Route

Automated Highway Automated City Automated Valet Evasive

AEB – Intersection Overtaking

Brake Steering Propulsion Driver Ultrasonic Inertia

SEATBELTS prevent fatalities PROTECTING PEDESTRIANS

Sales Operating income

Organized in geographies: Share of group sales

ADAS ECU – A supporting brain

NIGHT VISION ASSIST

(Our Mono and Stereo-vision cameras capture rich

Statistically, there were 39% OF GLOBAL PASSIVE

many vehicles not having airbags

146 MILLION AIRBAGS

* Airbag, steering wheel, seatbelt

Market share by Product Market share by Region1)

Overall Passive Safety 1) 39% Global 39%

Steering Wheels Japan

Passive Safety Electronics China

Active Safety Sensors 2) Rest of Asia

0% 20% 40% 60% 0% 20% 40% 60%

1) Airbags, steering wheels, seatbelts.

Mercedes E-Class Ford F-Series

Volvo S90/V90 Toyota CH-R

Mazda 3/Axela Chrysler Pacifica

Global Light Vehicle Production

 In a highly competitive and rapidly changing

30 000 Production - indirect

10 000 Production - direct

Automotive Safety Market Growth, % Organic Sales growth, %

1,5  Our target ratio is around one time, within a

Target range Long-term Target

7%  Autoliv achieved an adjusted operating

 In 2016, adjusted EPS (excluding antitrust related

Million units Models

No. of units No. of vehicle models

400  Our capital expenditure, net in 2016,

Dividend Share Buybacks

Cash flow from operations Capital expenditures, net

Depreciation & Amortization Capital Expenditures, net Capex % of Sales

1) Sales in relation to average capital employed

Consolidated sales Global light vehicle production (LVP)

Source: IHS @ January 16, 2017

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