Sponsor Dinner at Delphi HQ Director & Head of Healthcare Practice, oo, McKinsey er Company (by invitation only) Hosted by Peter Utterstrom, Partner, Delphi 2:15 p.m. Company Presentations & Coffee Ericsson MornincG oF AuGcustT 23, 2012 Kindstar Global 11:00 a.m. Ernst & YOUNG HEADQUARTERS Beat Gare 3:15

light trucks). Even after adjusting the price of an Autonomous vehicle upwards by $20,000 (We used a $50,000 total vehicle price; companies such as Delphi believe that the cost premium to produce a fully autonomous vehicle will ultimately decline to $5,000-$5,500), the improved amortization of fixed c

g to achieve for years. Many growth investors are are already expressing their views on potential for disruption, driving valuations of Uber, Testa. Delphi, Autoliv, and Nvidia. Indeed, GM acknowledged implicitly weaker access to capital/cost of capital resulting from GM's lower valuation. This has res

I May 2015 Autos & Auto Parts Delphi Automotive Delphi's 1O15 came in very strong. EPS of $1.21 compared with DBe of $1.15 and consensus of $1.17. Organic top line growth came in at 6% vs. DBe of 3%. An

Target Price 52 Week range Markel Cap (ml Bloomberg: DLPH US USD 83.00 USD 94.00 USD 58.30 - 84.71 USDm 23673 EURm 21.136 Cee irony Prof:lo Delphi Is one of the largest global auto suppler.. with strong geograplw / customer diversity. miming a PereCulallY Strong oositon n Care lapprox 15% or e

EBITDA margin of 17.0% (vs. our estimates of 16.8% in 2016 and 17.5% in 2017), a terminal growth rate of 3.5% (which could prove conservative given Delphi's exposure to secular content per vehicle growth drivers) and a tax rate of 22.5% (which assumes the US IRS disallows Delphi's status as a non-U.S.