Transcript 슬라이드 1 - Halla Visteon Climate Control

YH Park
Feb. 20, 2014
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Financial Highlights
Financial Highlights
 Strong growth profile with $680 million backlog
– Well diversified global footprints and customer portfolio to drive above industry growth
– China sales now exceed $900 million annually
 Strong balance sheet, with net cash position
 Stock price up 64% in 2013, with consistent dividend payout ratio
2013 Sales Breakdown
By Product
By Region
Fluid
Transport
10%
Compresso
r
21%
NA
17%
By Customer
SA
2%
Other
25% (2)
HVAC
42%
EU
24%
Ford
24%
Powertrain
Cooling
27%
(1) Excludes equity income and non-controlling interests.
2
Hyundai
51%
AP
57%
(2) Multiple customers all under 2% share
Positioned for Growth
 Clear #2 global climate player, with 13% market share
 Leading product and technology portfolio
 One of only two “full-line” suppliers
 Customer-focused solutions provider with a worldwide presence
 Global manufacturing footprint supporting OEMs
 Gaining share in growing markets
A World-Class Climate Organization
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Global Footprint
Beijing
Foshan
Changchun
Jinan
Chengdu Nanchang
Chongqing Nanjing
Dalian
Wuhu
Shanghai
Nový Jicín
Kerpen
Hluk
GermanyCzech Rep
Chelmsford
llava
UK
Slovakia
Charleville
Alba
France
Hungary
Palmela (2)
Portugal
China
Gebze
Turkey
Daejeon
Pyeongtaek
Ulsan
Korea
Hiroshima
Hofu
Japan
Bhiwadi
Pune
Chennai
India
Belleville
Canada
Van Buren Township
Michigan
Juarez (3)
Mexico
Shorter
Alabama
Rayong
Thailand
Manufacturing and
Engineering Locations
Global Technical Centers:
Market
Emerging
Countries
China
South Asia
Eastern Europe/Russia
Mexico/South America
Subtotal
# of MFG (%)
10
4
7
5
26
74%
35 Manufacturing Facilities and Four Technical Centers
Headquarters: Daejeon, Korea
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Atibaia
Brazil
Automotive Climate Control Systems
Control Head
HVAC Unit
Compressor
Cooling Module
Front End
Module (FEM)
Climate System
Fluid Transport
One of Two Full-Line Systems Providers
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Fuel Economy
Compressor
A/C System Operation Impacts Fuel Economy
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Regulations
Japan
China
Europe
47.7
47.7
42.2
MPG
41.9
North America
39.5
54.5
MPG
57.4
(152gCO2/mi)
(184gCO2/mi)
(209gCO2/mi)
(208gCO2/mi)
35.5
(184gCO2/mi)
(222gCO2/mi)
MPG
(163gCO2/mi)
CY2015 CY2020
(247gCO2/mi)
CY2015
CY2020
CY2015 CY2020
CY2016 CY2025
A/C
Regulation
EU
From 2017
* Legislated by EU Committee
Ban R134a
refrigerant
* Legislated by Chinese and Japanese governments
EPA
2009-2025
A/C emission credit available
CO2
NHTSA
2017-2025
CAFÉ credits available
MPG
A/C Regulation
* EPA : Environmental Protection Agency
* NHTSA : National Highway Traffic Safety Administration
* CAFE: Corporate Average Fuel Economy
* Legislated by EPA and NHTSA
Strict Fuel Economy Standards and Emissions-Related Regulations
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Customer Value Index
Fuel Efficiency (CO2 Reduction, %)
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Eco-Friendly A/C System
12
Downsize w/ Turbo
Stop - Start
10
8
HVCC Product direction
6
4
2
0
0
100
200
300
400
500
600
Cost ($)
* Source: EPA-420-D-09-901
Value Added Products and Market Appreciable Product Provider
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Market Drivers and Trends
 Demand increase for
HEV / EV / FC
 Cabin air quality
 High efficiency system for
fuel economy
 Comfort control
 Alternative refrigerant
systems
- R744 and R1234yf
 Reduced noise, vibration
and harshness (NVH)
- Engine downsizing with
turbo charger
- Weight reduction
- Heat recovery
Solutions That Address Market and Industry Demands
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Products Delivering Value Today
•
Conventional products to meet
regulations:
– Direct contribution
• Metal Seal Fitting
• R744 System
• 1234yf System
– Indirect contribution
• VS Compressor
• Internal Heat Exchanger (HEX)
• Improved Condenser and Evaporator
Conventional Market Appreciated Products
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Thermal Energy Management Solutions
High Resolution
IR Sensor
Centrifugal
Air Blower FCEV
Coolant Heater FCEV
High Voltage PTC
Heater
EHRS
WCAC
E-Comp –
EV/HEV
ACAC
EGR
* EGR : Exhaust Gas Recirculation
* ACAC : Air Charge Air Cooler
* WCAC : Water Charge Air Cooler
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TF Heater
* FCEV : Fuel Cell Electric Vehicle
* PTC Heater : Positive Temperature Coefficient Heater
* E-Comp : Electric-Compressor
Heat Pump
System
* TF Heater : Thin Fin Heater
* EHRS : Exhaust Heat Recovery System
* IR Sensor : Infrared Ray Sensor
Battery
Thermal
Mgmt
HVCC at a glance
•
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Video clip
HVCC Technology Roadmap
Model S
Cond.
ACAC
Wavy
WCAC
Cooling Fan
LP EGR
AsymmetricHV Comp. Club
Fin Rad.
Sandwich Cooler
Coolant
Heater
High
Voltage
PTC
Thin
Film
Heater
New Concep
t
VS Comp.
FCEV
Air Supply
System
Low/Zero
Power Cl
utch
EComp
Cold Stor
age
LMFC
Vehicle
Electric
Coolant
Heater
Alternative
Ref. Sys.
BCS
EV Heat Small
Pump E-Comp
2020 2018 2016
2014
Ionizer
Metal
Seal
Fitting
Integrated
W-CAC
High Effici
ency Cond
High Effici
Heat
ency Cold
enser
Storage
Storage Low Dept
FCEV
h
C/Modu
Hybrid
H
New Con
C/Module
le
TR Core
cept C/Fa
n
R744 A/C
Turbo
Blower
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Water-Air
Cooled
Cond.
IR
Sensor
Small RS
Comp.
High
Efficiency
Blower
Scroll w/
Sound
Seat A/C
4 Zone A/
C
Comfort
Control
System
EHRS
Vitamin F
ilter
New Com
bi Filter
Fragrance
2014
2016 2018 2020
Flat
HVAC
HVCC: World-Class, Innovative Product Portfolio
IHX Sub-Cooled Water Cooled Condenser
IHX Sub-Cooled Water Cooled Condenser
Mechanism
• Water cooled condenser provides better cooling
performance, compared to conventional air cooled
condensers.
• IHX cools down again refrigerant that is already cooled by
water cooled condenser.
Customer Benefit
• Compressor power consumption reduced by 20%
 Provides 1.1 additional A/C credits to customers
• Integration of IHX with water cooled condenser
 World’s first
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HVCC: World-Class, Innovative Product Portfolio
Adaptive Temperature Control Using High Resolution IR Sensor
High Resolution IR Sensor
Mechanism
The infrared red sensor
• Detects a human body separate from cabin with increased
accuracy.
• Analyzes vehicle occupants (e.g., number of passengers,
seating area, height, weight, clothes, body heat, etc.) to
optimize and fully automate the climate control.
Customer Benefit
• Offers customized passenger thermal comfort
• Improves fuel efficiency 3%
* 2013 award for excellence in new technology by HMG
* IR Sensor : Infrared Sensor
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HVCC: World-Class, Innovative Product Portfolio
Centrifugal Air Compressor
Mechanism
Centrifugal Air Comp.
• Provides compressed and pressurized air as needed to the
fuel cell stack to create a hydrogen chemical reaction.
Stator (Motor)
Impeller
* fuel cell: engine in fuel cell vehicle
Customer Benefit
• 17% improvement of performance, compared to screw type –
Fuel Efficiency 2% improvement
• Compact size and weight
Inlet Duct
Rotor(Motor)
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• Operates at high rotating speed with low noise
Industry Technology Achievements
Metal Seal Fitting
Centrifugal Air
Compressor
Zero Waste
Dispense Coating
Wave Blade
Fan
Industry Recognition for Innovative Technology Development
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Summary
 Market-leading and differentiated solutions
 Ready to earn maximum A/C credit regarding U.S. regulation
 Focused on delivering innovative solutions that are eco-friendly, efficient and
deliver comfort
 Above market growth
through customer diversification and continuous stream
of new products
 Margin performance based on operation efficiency and technical innovation
Automotive Thermal Energy Management Solution Provider
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www.hvccglobal.com
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