This is Veoneer Veoneer General Presentation - February 2020
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This is
Veoneer
Veoneer General Presentation
February 2020
1 March 2020 Veoneer General Presentation © 2018 Copyright Veoneer Inc. All Rights Reserved
Our Purpose
Creating Trust in Mobility
2 March 2020 Veoneer General Presentation © 2018 Copyright Veoneer Inc. All Rights Reserved
“This conference is an
opportunity for the world to
embrace a new agenda to
radically reduce the number
of lives lost on our roads and
re-think how we can provide
access to safe, affordable,
accessible and sustainable
transport systems for all.”
Tedros Adhanom Ghebreyesus
WHO Director-General
3 March 2020 Veoneer General Presentation © 2018 Copyright Veoneer Inc. All Rights Reserved
The solution – adding prevention to protection 4 March 2020 Veoneer General Presentation © 2018 Copyright Veoneer Inc. All Rights Reserved
This is Veoneer
• “Pure Play” focus on:
− Safety Electronics,
− Advanced Driving Assistance Systems (ADAS),
− Collaborative and Automated Driving (AD).
• Founded in 2018, spin-off from Autoliv
• Close to 70 years of automotive safety development
• 8,900 employees in 13 countries
• Headquartered in Stockholm, Sweden
• Listed on the NYSE and the Stockholm NASDAQ OMX
5 March 2020 Veoneer General Presentation © 2018 Copyright Veoneer Inc. All Rights Reserved
A Global Footprint
The map shows our locations in 2020 (VNBS excluded)
8,900 ASSOCIATES 13 COUNTRIES 10 MANUFACTURING 27 TECHNICAL
~4,900 IN R,D&E SITES CENTERS
6 March 2020 Veoneer General Presentation © 2018 Copyright Veoneer Inc. All Rights Reserved
Net Sales
2019: $1,902 million
Sales by Product Sales by Customer Sales by Region
Other
Volvo
2% 13% Honda
Brake Systems 20% COEMs 23% Asia
3%
33% 35%
BMW
43% 4% Europe
FCA 5%
6% 16%
GM
37% 7% Daimler
Restraint
Active Safety Control Systems
RNM 10% 11% 32%
Americas
HKMC Ford
7 March 2020 Veoneer General Presentation © 2018 Copyright Veoneer Inc. All Rights Reserved
A Tech Company Delivering Automotive Grade
6.5 million >38 million ~830 million
Airbag ECUs and Crash
Camera Sensors Delivered Radar Sensors Delivered
Sensors Delivered
Delivered during the past decade, as Veoneer and as part of Autoliv
8 March 2020 Veoneer General Presentation © 2018 Copyright Veoneer Inc. All Rights Reserved
Our Technology Showcase
SATELLITE ADAS ECU DRIVER MONITORING BRAKE VISION SYSTEM
CRASH SENSORS SYSTEMS SYSTEMS
Active Safety
REAR CORNER
RADAR
RADAR Autonomous Driving
Restraint Controls
NIGHT VISION
Brake Systems
LIDAR
LIDAR
FRONT CORNER
RADAR
RESTRAINT CONTROL SYSTEM ROADSCAPE V2X
9 March 2020 Veoneer General Presentation © 2018 Copyright Veoneer Inc. All Rights Reserved
Collaborative Driving
will increase convenience and improve safety
2030:
• Few fully automated cars,
• A majority of cars with advanced driver support
technologies installed.
In January 2020, Veoneer demonstrated a new driver
support technology on public roads of Las Vegas.
The drivers pushed a button while driving, took their
hands off the steering wheel and let the car handle parts
of the commute - still engaged and with eyes on the road.
10 March 2020 Veoneer General Presentation © 2018 Copyright Veoneer Inc. All Rights ReservedClose to 70 years of Experience with Many World Firsts(1)
4 Corner Radar and
Pre-Triggering Passive ADAS ECU ‘Zeus’
Night Vision Night Vision
Safety meets L4
Pedestrian Sensor Fusion
FIR / NIR Autonomous Driving
Detection System ADAS ECU
Active Safety
and Braking
Learning
Night Vision Intelligent
Short & Medium Animal Detection System Vehicle
Range Radar
Autonomous Emergency Braking
Radar and Mono Vision
Long Range Radar 2018
(in alliance with Continental as the system supplier)
2017
2015
2010
2005
2000 Restraint Off-Road
1990 1995
Restraint Control
Controller Protection with
Accelerating
with Belt Control
innovation pace
Systems
Adaptive Restraint Integrated
with Dwell Integrated
Controller & IMU
Enhancement Restraint
Remote Sensors Brake Control
Pedestrian
Airbag ECUs Detection
Restraint Controller System CV-Enhanced
with Integrated Rollover Front Crash Sensing
(1) Including acquisitions
11 March 2020 Veoneer General Presentation © 2018 Copyright Veoneer Inc. All Rights ReservedAutomotive industry in its largest transformation ever
Collaborative Driving Mobility as a service Clean Engines
12 © 2018 Copyright Veoneer Inc. All Rights ReservedStrategic Eco System Partnerships
Increased complexity and a need for increased speed of innovations requires
collaboration based on a joint problem definition and expertise.
• Some of our partners:
− Zenuity (joint venture) for ADAS and AD systems software
− Velodyne for LiDAR
− Seeing Machines for Driver Monitoring
− NVIDIA for computer platforms
− MobilityXlab offers young companies with pioneering ideas the opportunity to
accelerate through the possibility to strategic partnership with us and five other
global players within mobility and connectivity
− Member of AVCC – Autonomous Vehicle Computing Consortium
13 March 2020 Veoneer General Presentation © 2018 Copyright Veoneer Inc. All Rights ReservedTotal Addressable Market (TAM)
TAM1 Evolution
($ billions) ~$47
2019 to 2022
CAGR ~11%
15,5
~$33
~$26 3,4
~$23 ~$24 13,6
6,6
11,7
11,6 3,3 BCS
12,0
2,2
3,3 RCS 2019 to 2025
3,3 21,2
3,7 Active Safety Upside CAGR ~12%
13,8
8,3 10,3 Active Safety
6,6
// //
2018E 2019E 2020E 2022E 2025E
1
Includes Active Safety baseline, Active Safety upside potential, Restraint Control Systems (RCS), and Brake Control Systems (BCS)
14 March 2020 Veoneer General Presentation © 2018 Copyright Veoneer Inc. All Rights ReservedActive Safety Market
Active Safety1 Evolution
($ billions)
~28 2019 to 2022
CAGR ~21%
~16
Active Safety Upside
~11
Lidar
~9
~7 ADAS Ecu 2019 to 2025
Radar CAGR ~21%
Vision
// //
2018E 2019E 2020E 2022E 2025E
1
Includes Active Safety baseline, Active Safety upside potential incudes Driver Monitoring, Positioning Systems, Vehicle to Vehicle and Vehicle to Infrastructure, Digital Mapping and Software
15 March 2020 Veoneer General Presentation © 2018 Copyright Veoneer Inc. All Rights ReservedMarket Growth Drivers
Light Vehicle Production and Content per Vehicle
1
Global LVP1 Evolution CPV Evolution
Units in millions US $
100 97 500
92 2
91 90 Active Safety Market plus DMS
90 86 85 87 2
RCS and BCS
11
80 9 9 400
9 9
8 8
13 13
70 13 12
13 13 12
~$300
60 16 300
16 16
15 15
50 15 15
~$175
40 200
27 26 25 29
23 23 24
30
~$100
20 100
~$50
10 22 22 21 21 21 21 22
0 // 0
2017 2018 2019 2020 2021 2022 2025 2017 2018 2019 2020 2021 2022 2022 2024 2025
1 2
Light Vehicle Production (LVP) according to IHS as of January 16, 2020, Content per vehicle (CPV) Driver Monitoring Systems (DMS), Restraint Control Systems (RCS), Brake Control Systems (BCS)
16 March 2020 Veoneer General Presentation © 2018 Copyright Veoneer Inc. All Rights ReservedLet us proudly present…
2019 key launches and mid-cycle facelifts
• It takes up to four years to develop an
order before it goes into production.
Veoneer is particularly proud
of our camera systems that are
a key contributor to AEB, Lane Keeping
and Speed Assistance used in Mercedes,
5* rated by EuroNCAP in 2019.
17 March 2020 Veoneer General Presentation © 2018 Copyright Veoneer Inc. All Rights Reserved2020 is a big launch year
Top 15 in 2020 > $500M average annual sales
Q1’20 Q2’20 Q3’20 Q4’20
US based OEM Japan based OEM
•AVV ~640K •AVV ~200K
•RCS, DMS, BCS •24GHz
EU Premium Brand VCC XC40 US based OEM
•AVV ~80K •AVV ~170K •AVV ~135K
Polestar 2 •SV4, 77Ghz, ADASSW •MV4, 77Ghz, ADAS ecu, Z1S •RCS, BCS
•AVV ~50K
•MV4, 77Ghz, ADAS ecu, Z1S Japan based OEM US based OEM
EU Premium Brand •AVV ~115K •AVV ~280K
•AVV ~250K •24GHz •NiVi4, RCS
EU Premium Brand •MV4/SV4, 77Ghz, ADAS ecu
•AVV ~190K Japan based OEM
Japan based OEM
•MV4, SV4, 77Ghz, ADAS ecu •AVV ~50K
Local Chinese OEM •AVV ~60K
•SVS, 77Ghz •77Ghz, RCS
•AVV ~40K
•MV4, 77Ghz
US based OEM Japan based OEM
•AVV ~35K •AVV ~580K
•NiVi4, RCS, HDLM •RCS
AVV - Average Vehicle Volume, CPV - Content per Vehicle Volume
Products – MV4 (Gen4 Mono Vision), SV4 (Gen4 Stereo Vision), 77Ghz & 24Ghz Radar, NiVi4 (Gen4 Thermal Sensing Night Vision), ADAS ecu (Advanced Driver Assist System electronic control unit),
ADAS SW (ADAS Software), DMS (Driver Monitoring System), Z1S (Zenuity Software), HDLM (High Definition Mapping), RCS (Restraint Control System), BCS (Brake Control System).
18 March 2020 Veoneer General Presentation © 2018 Copyright Veoneer Inc. All Rights ReservedSeveral Technology Launches in 2020
Q1’20 Q2’20 Q3’20 Q4’20
Mono-Vision Gen4 Thermal Sensing Gen4 Regenerative Braking Roadscape HDLM & Precise
•2nd Gen. Object Det., (NiVi) •Integrated 1 box brake Positioning Module
Lane Det., Road Boundary, Free Space by wire solution
•12µm FIR sensor, •High Definition Mapping host
•Traffic Light Det., Support Object •Lead launch: US based OEM
VGA resol. (640x512) , 32° Hor. & precision positioning
Enhanced Map
Fov (24°, 50° or 70°), ~25% size red. •Lead launch: US based Premium brand
•EU NCAP 2020 •Lead launch: US based Premium brand Stereo Vision
•Lead launch: Polestar 2 •Custom Solution
•Lead launch: Asian based OEM Radar 77Ghz Gen1.3
Stereo Vision Gen4
Z1 Software (Zenuity) •2nd Gen. 3D Object Det.,
•Cost and performance
optimized
•EU NCAP 2020 Parking Assist, Small Object Det. Driver Monitoring System •Lead launch: Japan based Premium brand
•Traffic Jam Assist •EU NCAP 2020 •Drowsiness, Distraction,
•Lead launch: Polestar 2 •Lead launch: EU based Premium Brand Attention Zones,
Identification, Precise Eye Gaze Safe Stop Module (SSM) ECU
•Lead launch: US based OEM •Standalone Ecu including
L2/L2+ Smart ECU Gen2 Zenuity software
•Highly scalable SoC solution to •Lead launch: Robo-taxi
support object fusion up to SW Features (Zenuity)
L2+ Feature content (standalone)
•Confirmed 3 OEMs •Lane Centering
•Lead launch: Volvo •Lead launch: EU based Premium Brand
Products – MV4 (Gen4 Mono Vision), SV4 (Gen4 Stereo Vision), 77Ghz & 24Ghz Radar, NiVi4 (Gen4 Thermal Sensing Night Vision), ADAS ecu (Advanced Driver Assist System electronic control unit),
ADAS SW (ADAS Software), DMS (Driver Monitoring System), Z1S (Zenuity Software), HDLM (High Definition Mapping).
19 March 2020 Veoneer General Presentation © 2018 Copyright Veoneer Inc. All Rights ReservedOur Associates are the Architects of Our Success
• ~8,900 Associates
~4,900 in R,D&E
• Curious and purpose-driven people
• Agile, collaborative, international teams
• We focus on growing our people and on
being a fair employer
20 March 2020 Veoneer General Presentation © 2018 Copyright Veoneer Inc. All Rights ReservedOur Employer Promise
Creating Trust in Mobility Human-Centric Innovation Committed to You
(purpose) (One of 3 pillars)
Our teams are empowered to Human-centric innovation always Our people are purpose- driven
deliver products our customers starts with our people. and curious. We are pioneers who
can trust. At Veoneer, we harness the thrive in response to the new and
Step out of your comfort zone, strengths and capabilities to exciting challenges we face at the
innovate, and learn in your co-create our success. forefront of technology.
everyday work. The world is Collaborate globally with other We have the strongest leaders and
changing - let's change it technology-focused and experts in your field, we support
together. exceptionally talented people! each other and are dedicated to
develop you.
21 © 2018 Copyright Veoneer Inc. All Rights ReservedMaking an Impact on Society
• Our business is built around the
UN Sustainable Development Goal #3
Good Health and Well-being:
Reducing global deaths and injuries
from traffic accidents by 50%.
• Our business is focused on
− improving traffic safety,
− committed to respecting and growing our people,
− doing business by the highest ethical standards,
− while limiting our environmental footprint.
2019 Sustainability report available on www.veoneer.com
22 March 2020 Veoneer General Presentation © 2018 Copyright Veoneer Inc. All Rights ReservedVeoneer Sustainability Program Focus Areas 2019-2020
Business
Customers People Environment
Partners
• Innovation • Recruitment & engaged • Supply chain sustainability • Materials & product
• Product Safety workforce • Sustainability due design
• Health & Wellbeing diligence in acquisitions • Environmental
• Labor rights & partnerships performance of
• Ethical behavior in Veoneer operations
business interactions
23 March 2020 Veoneer General Presentation © 2018 Copyright Veoneer Inc. All Rights ReservedOUR PURPOSE
Creating Trust in Mobility
OUR CORE STRATEGY
Deliver Innovative Solutions You Can Trust
OUR CORE PILLARS
Flawless Delivery
Customer-Centric Collaboration
Human-Centric Innovation
OUR BELIEFS:
Burning Curiosity
Passion for Excellence
Bold Honesty
24 © 2018 Copyright Veoneer Inc. All Rights ReservedThank You! 25 March 2020 Veoneer General Presentation © 2018 Copyright Veoneer Inc. All Rights Reserved
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