SlideShare a Scribd company logo
First Quarter 2008
Financial Results Presentation




Materials Included                      Pages
-Press Release                            1-6
-Financial Summaries                    A1-A6
-Presentation                          P1-P25



April 30, 2008


© TRW Automotive Holdings Corp. 2008
News Release
                                                     TRW Automotive
                                                     12001 Tech Center Drive
                                                     Livonia, MI 48150



                                                    Investor Relations Contact:
                                                    Patrick R. Stobb
                                                    (734) 855-3140

                                                    Media Contact:
                                                    John Wilkerson
                                                    (734) 855-3864

TRW Reports First Quarter 2008 Financial Results; Revises Full Year
Outlook

LIVONIA, MICHIGAN, April 30, 2008 — TRW Automotive Holdings Corp. (NYSE:
TRW), the global leader in active and passive safety systems, today reported first-
quarter 2008 financial results with sales of $4.1 billion, an increase of 16.2 percent
compared to the same period a year ago. The Company reported first quarter net
earnings of $94 million or $0.92 per diluted share, which compares to a net loss in the
prior year of $(86) million or $(0.87) per share.

The prior year result included charges of $147 million related to the Company’s debt
recapitalization plan that was initiated in the prior year quarter. The plan was
completed during the second quarter of 2007 and included the refinancing of
substantially all of the Company’s debt, which effectively lowered corporate borrowing
costs, improved covenant flexibility and extended debt maturities. When comparing
results between the two periods, excluding the impact of debt charges in 2007, the
Company’s 2008 first quarter net earnings of $0.92 per diluted share compare favorably
to the prior year adjusted result of $0.60 per diluted share. In comparison, the first
quarter of 2008 benefited primarily from lower expenses related to interest and taxes,
together with higher product volumes and the non-recurrence of certain other expenses
that impacted the 2007 period.

“We have consistently pursued business strategies that improve TRW’s long-term
competitiveness, which has helped the Company overcome difficult industry conditions
and is reflected in our solid first quarter performance,” said John Plant, president and
chief executive officer.


                                            1
“These strategies focus efforts on improving our global market position in safety,
pioneering innovation throughout the organization and implementing our operating
programs in a manner that optimizes both cost and quality.”

Mr. Plant added, “With respect to innovation, TRW is raising the intelligence of safety.
Earlier this year we introduced our vision of Cognitive Safety Systems, which embodies
our goal of helping to keep drivers and passengers safer by making vehicles smarter.
Cognitive Safety represents the culmination of new and better technology that
increasingly uses advanced electronics and proprietary algorithms to sense, analyze
and respond to ever-changing conditions. Cognitive Safety focuses attention on our
advanced capabilities and underscores our role as an intellectual partner to our
customers. In doing so, it also raises our confidence in our ability to provide
sustainable long-term growth for the Company.”

First Quarter 2008
The Company reported first-quarter 2008 sales of $4.1 billion, an increase of $577
million or 16.2 percent over the prior year period. Foreign currency translation
benefited sales in the 2008 quarter by approximately $358 million. First quarter sales,
excluding the impact of foreign currency translation, increased approximately $219
million or 6.1 percent over the prior year period. This increase can be attributed
primarily to significantly higher module sales and industry growth in China and South
America. These positive factors were partially offset by price reductions provided to
customers and the continued decline in North American vehicle production, including
the effects of a supplier-related strike that negatively impacted operations at one of our
customers.

Operating income for first-quarter 2008 was $188 million, which compares favorably to
$175 million in the prior year period. The year-to-year increase was driven by a number
of positive factors, including savings generated from cost improvement and efficiency
programs, higher product sales and the non-recurrence of a business disruption that
negatively impacted the 2007 quarter. These factors were partially offset by price
reductions provided to customers, higher commodity costs and the impact of operating
inefficiencies stemming from historically low vehicle production in North America.




                                           2
The net impact of foreign currency rate fluctuations did not have a material impact on
operating income in the 2008 quarter. Restructuring and asset impairment expenses in
both years were $8 million.

Net interest and securitization expense for the first quarter of 2008 totaled $49 million,
which compares favorably to $64 million in the prior year. Lower borrowing costs in the
2008 quarter can be attributed to the benefits derived from the Company’s previously
mentioned debt recapitalization and the impact of declining interest rates between the
two periods.

Tax expense in the 2008 quarter was $47 million, resulting in an effective tax rate of 33
percent, which compares to $53 million in the prior year period. The effective tax rate in
the 2007 quarter excluding previously mentioned debt retirement charges was 46
percent. The Company expects its full year 2008 effective tax rate to be approximately
38 to 42 percent.

The Company reported first-quarter 2008 net earnings of $94 million or $0.92 per
diluted share, which compares to a net loss of $(86) million or $(0.87) per share in
2007. The 2008 result represents an improvement of $33 million when compared to
2007 net earnings, excluding debt retirement charges, of $61 million or $0.60 per
diluted share.

Earnings before interest, securitization costs, loss on retirement of debt (where
applicable), taxes, depreciation and amortization, or EBITDA, were $337 million in the
first quarter, which compares to the prior year level of $309 million.

Cash Flow and Capital Structure
Net cash from operating activities during the first quarter was a use of $115 million,
which compares to a use of $221 million in the prior year period. First quarter capital
expenditures were $97 million compared to $119 million in 2007.

As mentioned previously, the Company refinanced substantially all of its debt in 2007.
In the first-quarter 2007, the Company completed its $1.5 billion Senior Note offering
and repurchased substantially all of its then-outstanding Notes through a tender offer.
The Company incurred debt retirement charges related to this transaction of
approximately $147 million in the first quarter of 2007.


                                            3
As of March 28, 2008, the Company had $3,164 million of debt and $565 million of cash
and marketable securities, resulting in net debt (defined as debt less cash and
marketable securities) of $2,599 million. This net debt outcome is $254 million higher
than the balance at the end of 2007.

2008 Outlook
The Company increased its full year outlook and now expects sales to be in the range
of $16.2 to $16.6 billion (including second quarter sales of approximately $4.5 billion).
Full year net earnings per diluted share are now expected to be in the range of $2.30 to
$2.60.

This guidance range reflects pre-tax restructuring expenses of approximately $55
million (including approximately $10 million in the second quarter) and an effective tax
rate in the range of approximately 38 to 42 percent. Lastly, the Company expects
capital expenditures in 2008 to be approximately 3.5 percent of sales.

First Quarter 2008 Conference Call
The Company will host its first quarter conference call at 8:30 a.m. (EDT) today,
Wednesday, April 30, to discuss financial results and other related matters. To access
the conference call, U.S. locations should dial (877) 852-7898, and locations outside
the U.S. should dial (706) 634-1095.

A replay of the conference call will be available approximately two hours after the
conclusion of the call and accessible for approximately one week. To access the
replay, U.S. locations should dial (800) 642-1687, and locations outside the U.S. should
dial (706) 645-9291. The replay code is 42019964. A live audio webcast and
subsequent replay of the conference call will also be available on the Company’s
website at www.trw.com/results.

Reconciliation to GAAP
In addition to GAAP results included within this press release, the Company has
provided certain information which is not calculated according to GAAP (“non-GAAP”).
Management believes these non-GAAP measures are useful to evaluate operating
performance and/or regularly used by security analysts, institutional investors and other
interested parties in the evaluation of the Company. Non-GAAP measures are not



                                           4
purported to be a substitute for any GAAP measure and, as calculated, may not be
comparable to other similarly titled measures of other companies. For a reconciliation
of non-GAAP measures to the closest GAAP measure and for share amounts used to
derive earnings per share, please see the financial schedules that accompany this
release.

About TRW
With 2007 sales of $14.7 billion, TRW Automotive ranks among the world's leading
automotive suppliers. Headquartered in Livonia, Michigan, USA, the Company, through
its subsidiaries, operates in 27 countries and employs more than 66,000 people
worldwide. TRW Automotive products include integrated vehicle control and driver
assist systems, braking systems, steering systems, suspension systems, occupant
safety systems (seat belts and airbags), electronics, engine components, fastening
systems and aftermarket replacement parts and services. All references to quot;TRW
Automotivequot;, “TRW” or the quot;Companyquot; in this press release refer to TRW Automotive
Holdings Corp. and its subsidiaries, unless otherwise indicated. TRW Automotive news
is available on the internet at www.trw.com.

Forward-Looking Statements
This release contains statements that are not statements of historical fact, but instead
are forward-looking statements within the meaning of the Private Securities Litigation
Reform Act of 1995. We caution readers not to place undue reliance on these
statements, which speak only as of the date hereof. All forward-looking statements are
subject to numerous assumptions, risks and uncertainties which can cause our actual
results to differ materially from those suggested by the forward-looking statements,
including those set forth in our Report on Form 10-K for the fiscal year ended
December 31, 2007, such as: loss of market share by domestic North American vehicle
manufacturers and resulting production cuts and restructuring initiatives, including
bankruptcy actions, of our suppliers and customers; escalating pricing pressures from
our customers; commodity inflationary pressures adversely affecting our profitability
and supply base, including any resulting inability of our suppliers to perform as we
expect; our dependence on our largest customers; product liability, warranty and recall
claims and efforts by customers to alter terms and conditions concerning warranty and
recall participation; strengthening of the U.S. dollar and other foreign currency


                                           5
exchange rate fluctuations; work stoppages or other labor issues at our facilities or at
the facilities of our customers or suppliers; our substantial debt and resulting
vulnerability to an economic or industry downturn and to rising interest rates; cyclicality
of automotive production and sales; any increase in the expense and funding
requirements of our pension and other postretirement benefits; risks associated with
non-U.S. operations, including foreign exchange risks and economic uncertainty in
some regions; any impairment of our goodwill or other intangible assets; volatility in our
annual effective tax rate resulting from a change in earnings mix or other factors;
adverse effects of environmental and safety regulations; assertions by or against us
relating to intellectual property rights; the possibility that our largest shareholder’s
interests will conflict with ours; and other risks and uncertainties set forth in our Report
on Form 10-K and in our other filings with the Securities and Exchange Commission.
We do not undertake any obligation to release publicly any revision to any of these
forward-looking statements.

                                            ###




                                             6
TRW Automotive Holdings Corp.

                        Index of Consolidated Financial Information


                                                                                                                          Page

 Consolidated Statements of Operations (unaudited)
 for the three months ended March 28, 2008 and March 30, 2007...................................................A2


 Condensed Consolidated Balance Sheets as of
 March 28, 2008 (unaudited) and December 31, 2007 .....................................................................A3


 Condensed Consolidated Statements of Cash Flows (unaudited)
 for the three months ended March 28, 2008 and March 30, 2007...................................................A4


 Reconciliation of GAAP Net Earnings (Losses) to EBITDA (unaudited)
 for the three months ended March 28, 2008 and March 30, 2007...................................................A5


 Reconciliation of GAAP Net Earnings (Losses) to Adjusted Earnings (unaudited)
 for the three months ended March 30, 2007....................................................................................A6



The accompanying unaudited condensed consolidated financial information and reconciliation
schedules should be read in conjunction with the TRW Automotive Holdings Corp. Annual Report
on Form 10-K for the year ended December 31, 2007, as filed with the United States Securities
and Exchange Commission on February 21, 2008.
TRW Automotive Holdings Corp.

                                         Consolidated Statements of Operations
                                                                  (Unaudited)



                                                                                                       Three Months Ended
(In millions, except per share amounts)

                                                                                                  March 28, 2008   March 30, 2007

Sales ........................................................................................... $    4,144       $    3,567
Cost of sales ...............................................................................          3,803            3,251
    Gross profit............................................................................             341              316
Administrative and selling expenses...........................................                           132              128
Amortization of intangible assets ................................................                         9                  9
Restructuring charges and asset impairments............................                                    8                  8
Other expense (income) — net...................................................                            4                 (4)
    Operating income..................................................................                   188              175
Interest expense — net...............................................................                     48                63
Loss on retirement of debt ..........................................................                     —               147
Accounts receivable securitization costs ....................................                              1                  1
Equity in earnings of affiliates, net of tax ....................................                         (7)               (6)
Minority interest, net of tax..........................................................                    5                  3
     Earnings (losses) before income taxes................................                               141              (33)
Income tax expense....................................................................                    47                53
      Net earnings (losses).......................................................... $                   94       $       (86)



Basic earnings (losses) per share:
 Earnings (losses) per share ...................................................... $                   0.93       $    (0.87)
 Weighted average shares .........................................................                     100.8              98.5

Diluted earnings (losses) per share:
 Earnings (losses) per share ...................................................... $                    0.92      $    (0.87)
 Weighted average shares .........................................................                      102.2             98.5




                                                                          A2
TRW Automotive Holdings Corp.

                                       Condensed Consolidated Balance Sheets
                                                                                                                As of
(Dollars in millions)
                                                                                                  March 28,             December 31,
                                                                                                    2008                    2007
                                                                                                  (Unaudited)

                                                                     Assets

Current assets:
   Cash and cash equivalents .................................................... $                     562         $          895
   Marketable securities..............................................................                    3                      4
   Accounts receivable — net.....................................................                     2,860                  2,313
   Inventories ..............................................................................           936                    822
   Prepaid expenses and other current assets ...........................                                336                    292
Total current assets.....................................................................             4,697                  4,326
Property, plant and equipment — net .........................................                         2,995                  2,910
Goodwill ......................................................................................       2,249                  2,243
Intangible assets — net...............................................................                  724                    710
Pension asset..............................................................................           1,506                  1,461
Other assets................................................................................            660                    640
   Total assets ............................................................................. $      12,831         $       12,290

                                Liabilities, Minority Interests and Stockholders’ Equity

Current liabilities:
   Short-term debt ...................................................................... $              80         $           64
   Current portion of long-term debt...........................................                          20                     30
   Trade accounts payable.........................................................                    2,666                  2,406
   Accrued compensation ..........................................................                      296                    298
   Other current liabilities ...........................................................              1,027                    917
Total current liabilities .................................................................           4,089                  3,715
Long-term debt............................................................................            3,064                  3,150
Postretirement benefits other than pensions...............................                              586                    591
Pension benefits..........................................................................              516                    497
Other long-term liabilities ............................................................              1,046                  1,011
  Total liabilities..........................................................................         9,301                  8,964
Minority interests .........................................................................            144                   134
Commitments and contingencies
Stockholders’ equity:
   Capital stock ..........................................................................               1                      1
   Treasury stock........................................................................                —                      —
   Paid-in-capital ........................................................................           1,182                  1,176
   Retained earnings ..................................................................                 495                    398
   Accumulated other comprehensive earnings .........................                                 1,708                  1,617
Total stockholders’ equity............................................................                3,386                  3,192
  Total liabilities, minority interests, and stockholders’ equity .... $                             12,831         $       12,290




                                                                         A3
TRW Automotive Holdings Corp.

                                Condensed Consolidated Statements of Cash Flows
                                                 (Unaudited)

                                                                                                        Three Months Ended
(Dollars in millions)
                                                                                                   March 28, 2008  March 30, 2007

Operating Activities
Net earnings (losses) ......................................................................... $         94       $      (86)
Adjustments to reconcile net earnings (losses) to net cash used in
 operating activities:
 Depreciation and amortization..........................................................                147              131
 Net pension and other postretirement benefits income and
  contributions ...................................................................................      (54)            (41)
 Loss on retirement of debt................................................................               —              147
 Other — net ......................................................................................      (23)             10
Changes in assets and liabilities, net of effects of businesses
 acquired:
  Accounts receivable — net.............................................................                (420)           (420)
  Inventories ......................................................................................     (58)            (37)
  Trade accounts payable .................................................................               150             121
  Prepaid expense and other assets .................................................                     (15)            (36)
  Other liabilities ................................................................................      64             (10)
  Net cash used in operating activities ..............................................                  (115)           (221)

Investing Activities
Capital expenditures, including other intangibles ...............................                        (97)           (119)
Acquisitions, net of cash acquired......................................................                 (40)            (12)
Termination of interest rate swaps .....................................................                  —              (12)
Net proceeds from asset sales and sales/leasebacks .......................                                 1               7
  Net cash used in investing activities...............................................                  (136)           (136)

Financing Activities
Change in short-term debt..................................................................                14              36
Net repayments on revolving credit facility ........................................                      (90)             —
Proceeds from issuance of long-term debt, net of fees ......................                                4           1,477
Redemption of long-term debt............................................................                  (43)         (1,396)
Proceeds from exercise of stock options............................................                         2               5
   Net cash (used in) provided by financing activities ........................                         (113)             122
Effect of exchange rate changes on cash ..........................................                         31              —
Decrease in cash and cash equivalents.............................................                      (333)            (235)
Cash and cash equivalents at beginning of period.............................                            895              578
Cash and cash equivalents at end of period ...................................... $                      562       $      343




                                                                         A4
TRW Automotive Holdings Corp.

                   Reconciliation of GAAP Net Earnings (Losses) to EBITDA
                                                           (Unaudited)


The reconciliation schedule below should be read in conjunction with the TRW Automotive Holdings Corp.
Form 10-K for the year ended December 31, 2007.

The EBITDA measure calculated in the following schedule is a measure used by management to
evaluate operating performance. Management believes that EBITDA is a useful measurement because it
is frequently used by securities analysts, institutional investors and other interested parties in the
evaluation of companies in our industry.

EBITDA is not a recognized term under GAAP and does not purport to be an alternative to net earnings
(losses) as an indicator of operating performance, or to cash flows from operating activities as a measure
of liquidity. Additionally, EBITDA is not intended to be a measure of free cash flow for management’s
discretionary use, as it does not consider certain cash requirements such as interest payments, tax
payments and debt service requirements. Because not all companies use identical calculations, this
presentation of EBITDA may not be comparable to other similarly titled measures of other companies.



                                                                                        Three Months Ended
 (Dollars in millions)
                                                                                   March 28, 2008  March 30, 2007
 GAAP net earnings (losses)..........................................            $          94     $       (86)
   Income tax expense ................................................                      47              53
   Interest expense — net ...........................................                       48              63
   Loss on retirement of debt ......................................                         —             147
   Accounts receivable securitization costs.................                                  1               1
   Depreciation and amortization ................................                          147             131

 EBITDA ......................................................................... $       337      $       309




                                                                  A5
TRW Automotive Holdings Corp.

                                    Reconciliation of GAAP Net Earnings to Adjusted Earnings
                                                          (Unaudited)

         In conjunction with the Company’s tender offer and repurchase on March 26, 2007 of its then outstanding
         9⅜% Senior Notes and 10⅛% Senior Notes in original principal amounts of $925 million and €200 million,
         respectively, and 11% Senior Subordinated Notes and 11¾% Senior Subordinated Notes in original
         principal amounts of $300 million and €125 million, respectively, the Company recorded a loss on
         retirement of debt of $147 million. This loss included $111 million for redemption premiums paid, $20
         million for the write-off of deferred debt issuance costs, $11 million relating to the principal amount in
         excess of carrying value of the 9⅜% Senior Notes and $5 million of fees. No tax benefit was recognized
         relating to the loss on retirement of debt due to the Company’s tax loss position in the respective
         jurisdiction.

         The following reconciliation excludes the impact of the loss on retirement of debt.

                                                                           Three Months                                    Three Months
                                                                              Ended                                           Ended
                                                                             March 30,                                       March 30,
                                                                               2007                                            2007
                                                                              Actual         Adjustments                     Adjusted
(In millions, except per share amounts)

Sales...................................................................... $    3,567       $      —                  $        3,567
Cost of sales..........................................................          3,251              —                           3,251
   Gross profit........................................................            316              —                             316
Administrative and selling expenses .....................                          128              —                             128
Amortization of intangible assets ..........................                         9              —                               9
Restructuring charges and asset impairments......                                    8              —                               8
Other income — net ..............................................                   (4)             —                              (4)
   Operating income ..............................................                 175              —                             175
Interest expense, net.............................................                  63              —                              63
                                                                                                           (a)
Loss on retirement of debt.....................................                    147            (147)                            —
Accounts receivable securitization costs...............                              1              —                               1
Equity in earnings of affiliates, net of tax...............                         (6)             —                              (6)
Minority interest, net of tax ....................................                   3              —                               3
   (Losses) earnings before income taxes ............                              (33)            147                            114
Income tax expense .............................................                    53              —                              53

   Net (losses) earnings ....................................... $                   (86)    $    147                  $            61

Effective tax rate....................................................                n.m.                                          46%

Basic (losses) earnings per share:
 (Losses) earnings per share ............................... $                   (0.87)                                $          0.62
 Weighted average shares ...................................                     98.5                                             98.5

Diluted (losses) earnings per share:
 (Losses) earnings per share ............................... $                   (0.87)                                $          0.60
                                                                                                                                          (b)
 Weighted average shares ...................................                     98.5                                           101.6

(a) Reflects the elimination of the loss on retirement of debt.
(b) Includes approximately 3.1 million shares that have been excluded from the GAAP diluted losses per share calculation for the three
    months ended March 30, 2007, as the effect was anti-dilutive due to the net loss reflected for such period.

n.m. – not meaningful




                                                                                A6
First Quarter 2008
Financial Results Presentation




April 30, 2008


© TRW Automotive Holdings Corp. 2008
Introduction
Patrick Stobb
Director, Investor Relations



Business Summary
John C. Plant
President and
Chief Executive Officer
Safe Harbor Statement
 This presentation contains statements that are not statements of historical fact, but instead are forward-looking
 statements within the meaning of the Private Securities Litigation Reform Act of 1995. We caution readers not
 to place undue reliance on these statements, which speak only as of the date hereof. All forward-looking
 statements are subject to numerous assumptions, risks and uncertainties which can cause our actual results to
 differ materially from those suggested by the forward-looking statements, including those set forth in our Report
 on Form 10-K for the fiscal year ended December 31, 2007, such as: loss of market share by domestic North
 American vehicle manufacturers and resulting production cuts and restructuring initiatives, including bankruptcy
 actions, of our suppliers and customers; escalating pricing pressures from our customers; commodity
 inflationary pressures adversely affecting our profitability and supply base, including any resulting inability of our
 suppliers to perform as we expect; our dependence on our largest customers; product liability, warranty and
 recall claims and efforts by customers to alter terms and conditions concerning warranty and recall
 participation; strengthening of the U.S. dollar and other foreign currency exchange rate fluctuations; work
 stoppages or other labor issues at our facilities or at the facilities of our customers or suppliers; our substantial
 debt and resulting vulnerability to an economic or industry downturn and to rising interest rates; cyclicality of
 automotive production and sales; any increase in the expense and funding requirements of our pension and
 other postretirement benefits; risks associated with non-U.S. operations, including foreign exchange risks and
 economic uncertainty in some regions; any impairment of our goodwill or other intangible assets; volatility in our
 annual effective tax rate resulting from a change in earnings mix or other factors; adverse effects of
 environmental and safety regulations; assertions by or against us relating to intellectual property rights; and the
 possibility that our largest shareholder’s interests will conflict with ours. We do not undertake any obligation to
 release publicly any revision to any of these forward-looking statements.


                                                                                                               P3
© TRW Automotive Holdings Corp. 2008
Summary Comments

 •     TRW reports solid first quarter results:
                                                                  Performance and
        – Healthy growth in sales and earnings
                                                                Commitment to Core
        – Continued demand for increased safety content         Strategies Helping to
          and leading diversification providing good               Drive Success
          momentum
        – Successfully offset commodity inflation and
          lower North American production
 •     TRW has consistently executed business strategies that improve its
       long-term competitiveness……focusing efforts on:
         – Elevating global market position in safety
         – Pioneering innovation
         – Optimizing both cost and quality
 •     TRW is a results-oriented organization with a passion for continuous
       improvement and a drive for efficiency.

                                                                                P4
© TRW Automotive Holdings Corp. 2008
First Quarter Summary
                                                                                                                    Vehicle Production(c)
    Financial Summary
                                                                                                                    (% changes based on year-over-year comparisons)
    (US $ in millions, except were noted)

     Sales Summary

                                                                                                                                North America
                                                              $4,144
                                                                                                                                  Big 3                               -13.4%
                                  $3,567
                                                                                                                                  EU OE                                -1.9%
                                                           16% Growth
                                                                                                                                  Asian OE                             -0.7%
                                                                                                                                  Total Region                         -8.8%
                                  Q1 2007                     Q1 2008
                                                                                                                                Europe
                               North America                      15.6%
                                                                                                                                  West                                 -3.2%
                               Europe                             11.8%
                                                                                                                                  East                                16.6%
                               ROW                                43.0%
                                                                                                                                  Total Region                         1.7%

     Net Earnings Summary
                                                                                                                                ROW
                                                                  Q1 2007                       Q1 2008                           China                                5.9%
                                                                                      (a)
                                                           GAAP                                   GAAP                            India                               16.6%
                                                                          Adjusted

                                                                                                                                  Korea                                3.9%
     Net Earnings (Losses)                             $         (86)      $         61       $          94

                                                                                                                                  Japan                                5.5%
                                           (b)
                                                       $      (0.87)       $       0.60       $       0.92
     Earnings (Losses) Per Share
                                                                                                                                  South America                       22.4%

   (a)   Excludes $147 million of debt retirement charges. For adjusted results reconciliation to GAAP, please see slide P17.
   (b)   Per share amounts based on basic shares for (losses) and diluted shares for earnings.
   (c)   Production volumes based on CSM Worldwide data.

                                                                                                                                                                               P5
© TRW Automotive Holdings Corp. 2008
Redefining Automotive Safety



• Introduced our vision of Cognitive Safety Systems during first-quarter 2008.
• Embodies goal of helping keep drivers and passengers safer by making
   vehicles smarter.
• Represents the culmination of new and better
   technologies that increasingly use advanced
   electronics and proprietary algorithms to…
               Sense
                  Analyze
                     Anticipate
                         Respond
• Demonstrates how TRW is raising the
   intelligence of safety.


                                                                                 P6
© TRW Automotive Holdings Corp. 2008
Redefining Automotive Safety



 • TRW invests significant amounts of capital each year to engineer its
       products globally:
          – Investment has increased approximately 49% since 2003
          – Technology critical to winning new contracts
          – Increasing use of electronics is driving the future of our business
 • TRW positioned at the forefront of safety, with new developments
       related to radar systems, electrically powered steering, electric park
       brake, advanced airbags and stability control.
 • Heightened emphasis on electronics driving the
       evolution of our capabilities.                                    Intelligent Safety
                                                                        Increasing Use of
                                                                      Electronics Key to the
                                                                          Future of TRW

                                                                                        P7
© TRW Automotive Holdings Corp. 2008
Redefining Automotive Safety

              • Focuses attention on our             SYSTEMS
                innovation and ingenuity.                                        COGNITIVE
              • Prominence in active and                                      SAFETY SYSTEMS
                passive safety helps
                differentiate TRW in the
                marketplace.
                                                               INTEGRATION

                                                    SYSTEMS
                                                                                       INTELLECTUAL
           SUPPLIER
                                                                                       PARTNER


                                       COMPONENTS                    • TRW effectively competes
                                                                       and manages its business
                                                                       across the spectrum of safety.
                                                                     • Underscores our role as a
                                                                       strong intellectual partner to
                                                    COMPONENTS
                                                                       our customers.

                                                                                                  P8
© TRW Automotive Holdings Corp. 2008
Quarterly Developments


   • TRW has been winning new business at a rate that supports top-line growth
        expectation of approximately a 4 percent compound annual growth rate.
   • TRW placed among the elite in Quality Magazine’s 2008 Quality Leadership 100
        rankings, which measures quality effectiveness of more than 800 manufacturing
        companies from a broad range of industries.
   • Plant awards and recognition:
               – Peterlee, UK Electronics facility
                     received the “2008 Queens Award for
                     Enterprise” under the category of
                     International Trade
               – Engineered Fasteners and
                     Components plant in Queretaro,
                     Mexico received the Honda de
                     México ‘Excellence Award’ for quality


                                                                                        P9
© TRW Automotive Holdings Corp. 2008
Quarterly Developments


 • Cost pressures from commodity inflation continue to intensify:
     – Pricing of steel and other commodities expected to worsen significantly during
               the remaining quarters
             – Gross full year impact now expected at $100 million or higher
             – Combination of higher commodity costs and record low production
               volumes in North America have increased concerns that supply base
               will weaken further
 • Labor related issues impacting North American production:
     – American Axle strike, now in its 3rd month, hampering vehicle production at GM.
     – First Quarter impact of strike was not material to TRW, with approximately $55
               million in lost revenue
             – Continue to monitor and develop contingency plans to address the potential for
               more widespread impact to GM in North America



                                                                                         P10
© TRW Automotive Holdings Corp. 2008
Quarterly Developments

     Successfully launched 85 programs during Q1…
     • Dodge Journey: Front Brake Calipers, Side
                                                        Dodge
       Airbags, Seat Belt Retractors, Chassis Modules
                                                        Journey
       (Rear Brake Calipers and Steering Gear),
       Steering Column Control Module and Angle
       Sensor, HVAC Controller and Actuators
                                                        Volkswagen
     • Volkswagen Jetta (China): Driver Airbag and      Jetta
       Inflator, Brake Rotors, Rear Brake Calipers,
       Steering Wheel, Chassis Modules
     • Citroën Berlingo, Berlingo Van, Peugeot          Citroën
                                                        Berlingo
       Partner, and Partner Van: Side-Driver-
       Passenger-Curtain Airbags, Steering Wheels,
       Rear Brake Calipers, Electrically Powered
       Hydraulic Steering Power Pack, Actuation         Peugeot
                                                        Partner



                                                          P11
© TRW Automotive Holdings Corp. 2008
2008 Operating Environment
                         2008 Industry Production Assumptions(1)
                                                    (units in millions)

                                                                                                                              • Forecast for North American
                  North America                                                             Europe
                                                                                                                       22.3
  15.8                                                                                          21.7         22.0
                                                                                                                                production lowered to
              15.3        15.1                                                    20.4
                                                                  19.9
                                     14.5        14.2
                                                                                                                                approximately 14.2 million units –
                                                                                                 5.8          6.4       6.7
                                                                                  4.9
                                                                   4.1
   5.0         5.2        5.6
                                                                                                                                lowest production level since 1993.
                                      5.8         5.6


                                                                                                15.9         15.6
                                                                                                                              • European production raised based
                                                                                                                       15.6
                                                                                  15.5
                                                                   15.8
  10.8        10.1        9.5         8.7         8.6
                                                                                                                                on growth in Eastern Europe. No
                                                                                                                                change to Western Europe
                                                                   2005           2006          2007        2008E     2008E
  2005        2006        2007      2008E       2008E
                                                                                                                                estimate.
                                                                                                             OLD       NEW
                                     OLD         NEW
                                                                                   We s t e rn         E a s t e rn
              Big 3         Transplants
                                                                                                                              • Steady growth forecasted for Asia
                 South America                                                                  Asia
                                                                                                                                and South America.
                                                                                                                              • Revised Euro rate assumptions
                                                                                                              5.6       5.5
                                                                                                 4.6
                                                                                  4.0
                                                                                                                                upward, which is reflected in the
                                                                                                              3.9       3.9
                                                                    3.9                          4.0
                                                                                  3.8
                                                                    3.6
                                                                                                                                increased full year sales guidance.
                                                                                                              7.7       7.8
                                                                                                 6.9
                                                                                  5.7
                                                                    4.8
                                                  4.1
                                      4.0
                           3.6
               3.0
   2.8
                                                                                                                              • Commodity inflation pressures to
                                                                                                             11.0      10.9
                                                                                  10.6          10.8
                                                                    10.0


                                                                                                                                continue, with significant increases
  2005        2006        2007       2008E       2008E             2005           2006          2007        2008E     2008E
                                                                                                                                expected in the remaining quarters.
                                      OLD         NEW                                                        OLD       NEW
                                                                          Japan         China      Korea         South Asia

(1) Source: Light vehicle assumptions primarily CSM Worldwide and internal company estimates.

                                                                                                                                                              P12
    © TRW Automotive Holdings Corp. 2008
2008 Full Year Outlook




        Sales                                                                                                                       $16.2 - $16.6 billion
        Net Earnings per Diluted Share(a)                                                                                                 $2.30 to $2.60
        Restructuring Expenses (pre-tax)                                                                                                     $55 million
        Capital Spending                                                                                                           approx. 3.5% of sales
        Effective Tax Rate                                                                                                           approx. 38% - 42%



                      TRW is Optimistic About the Future – Bolstered by Leading Customer and
                        Geographic Diversification, Innovation and a Track Record of Steady
                                      Performance During Difficult Conditions.




       (a) Per share amounts based on assumed weighted average diluted shares outstanding of approximately 103.5 million shares.


                                                                                                                                                   P13
© TRW Automotive Holdings Corp. 2008
Financial Overview
Joseph S. Cantie
Executive Vice President
and Chief Financial Officer
First Quarter 2008 Summary


 • Performed well in the first quarter, marking a good start for the year.
 • Results at high end of company expectations due to better than
   expected growth overseas and lower expenses related to interest
   and taxes.
 • Raising full year 2008 guidance, considerations
   include:
     – Strength of first quarter results
     – Improved fundamentals at some
       of our businesses
                                                         We Believe TRW is in a
     – Current assumptions for commodities               Good Position to Deliver
       and vehicle volumes carry measurable               Another Year of Solid
       downside risk                                        Financial Results



                                                                              P15
© TRW Automotive Holdings Corp. 2008
First Quarter Sales Summary
Total Sales                                    Segment Sales
US $ in millions                               US $ in millions

                                                                                                 $2,342
                                                                  $1,896

                                $4,144                                                                    $1,274
                                                                           $1,182

           $3,567                                                                                                             Chassis
                                                                                                                   $528
                                                                                    $489
                                                                                                                              OSS
                                                                                                                              Auto Comp
                            +16%
                                                                       Q1 2007                       Q1 2008


           Q1 2007               Q1 2008       Geographic Sales Mix
                                               % of total sales

        Q1 YOY Sales Comparison
                                                                                                                                            North
                                                                                            North
                                                                                                                                           America
                                                                                           America
               Foreign Currency                                                                              Europe
                                                        Europe
                                                                                                                                            30.3%
                                                                                            30.5%             57.0%
                                                         59.2%
               Product Volumes
                          Modules
                          New Products
                                                                                           Rest of
                          Vehicle Production                                                                                              Rest of
                                                                                           World                                          World
               Customer Pricing                                                            10.3%
                                                          Q1 2007                                                   Q1 2008               12.7%


                                                                                                                                    P16
© TRW Automotive Holdings Corp. 2008
First Quarter Results


                                 (US $ in millions, except where noted)

                                                                                  Q1 2008                                      Q1 2007
                                                                                   GAAP                    GAAP            Adjusting             Adjusted
                                                                                  Results                 Results            Item                 Results
                                 Sales                                           $     4,144          $      3,567         $           -         $     3,567
                                 Operating Income                                        188                  175                      -                 175
                                 Net Interest and Securitization                           49                   64                     -                   64
                                                                                                                                           (a)
                                 Loss on Retirement of Debt                                  -                147                 (147)                      -
                                 Equity in Earnings of Affiliates                           (7)                 (6)                    -                    (6)
                                 Minority Interest                                          5                    3                     -                    3
                                                                                           47                   53                     -                   53
                                 Income Tax Expense
                                 Effective Tax Rate                                     33%                   n.m.                                      46%
                                 Net Earnings (Losses)                           $         94         $        (86)        $       147           $         61
                                                                                                                                                                  (c)
                                 Share Count                                           102.2                  98.5                                     101.6
                                 Earnings (Losses) Per Share                     $       0.92         $      (0.87)                              $      0.60

                                 EBITDA(b)                                       $       337          $       309


              (a)        $147 million loss on retirement of debt related to the Company’s 2007 debt recapitalization.
              (b)        Please refer to slide P23 for management’s rationale for using this metric and slide P24 for a reconciliation to GAAP.
              (c)        Includes approximately 3.1 million shares that have been excluded from the GAAP diluted losses per share calculation for the three months ended
                         March 30, 2007, as the effect was anti-dilutive due to the net loss reflected for such period.

                                                                                                                                                                           P17
© TRW Automotive Holdings Corp. 2008
Capital Structure Summary
 Operating Cash Flow                                                                                            Capital Expenditures
 US $ in millions                                                                                               US $ in millions


                                                                                                                                   $119

                                                                                                                                                     $97
Operating Cash Flow:                                                       2007                       2008
 First Quarter                                                         $        (221)             $     (115)

Memo:
  Capital Expenditures                                                          (119)                    (97)
  Operating Cash Flow After Capital Expenditures                       $        (340)             $     (212)



                                                                                                                              Q1 2007             Q1 2008

  Capital Structure                                                                                                   Period-End Balances
  US $ in millions
                                                                                                                  Q1 2007            Q1 2008
                                        Cash                                                                    $         343    $          562
                                        Marketable Securities                                                              11                 3
                                        Total Cash & Marketable Securities                                      $          354       $     565

                                        Total Debt                                                                        3,309           3,164
                                        Total Equity                                                                      2,327           3,386
                                        Total Capital                                                           $         5,636      $    6,550

                                        Total Debt / Capital Ratio                                                         59%             48%
                                                      (a)
                                        Net Debt                                                                $         2,955      $    2,599
                                        (a) Total debt less total cash & marketable securities.




                                                                                                                                                            P18
 © TRW Automotive Holdings Corp. 2008
Capital Structure Summary

       Net Debt (a)
       US $ in millions
                                                                                                                                                 Debt transactions increased
                                                                                           Debt transaction increased
                                                                                                                                                 net debt by approximately
                                       Dalphimetal acquisition                               net debt by $57 million
                                                                                                                                                 $130 million
                                           increased net debt
                $3,437
                                               by $244 million
                                       $2,964                                                                                    $2,955
                                                                                    $2,560                                                                          $2,599
                                                                                                           $2,443
                                                              $2,372                                                                                   $2,345




            Feb 28, 2003          Dec 31, 2003          Dec 31, 2004           Dec 31, 2005          Dec 31, 2006          Mar 30, 2007           Dec 31, 2007   Mar 28, 2008



   (a) Net debt is equal to total debt less cash and marketable securities. For net debt reconciled to the closest GAAP equivalent, please refer to slide P25.


                                                                                                                                                                                P19
© TRW Automotive Holdings Corp. 2008
Outlook Discussion

 Full Year
 • Raised full year sales guidance to $16.2 - $16.6 billion:
     – Decline in North American volume expected to be significant with the Big 3
        producing nearly 900 thousand fewer vehicles
     – Positives include safety content growth, stability in Europe and higher vehicle
        volumes in Asia and South America
     – Expect lower margin module sales to increase $800 to $900 million in 2008
     – Currency effect will provide measurable upside to sales – no material impact to
        income expected
 • Increased full year earnings to $2.30 to $2.60 per share.
 Second Quarter
 • Sales increase to approximately $4.5 billion due primarily to currency and modules.
 • North American production environment will be difficult. Expect offsets from safety
   content growth and strength of overseas operations.
 • Restructuring expense of approximately $10 million.
                                                                                    P20
© TRW Automotive Holdings Corp. 2008
P21
© TRW Automotive Holdings Corp. 2008
Financial
Reconciliations
EBITDA Measurement
 The accompanying unaudited consolidated financial information and reconciliation of GAAP net earnings to
 earnings before interest, income tax, accounts receivable securitization cost, loss on retirement of debt, and
 depreciation and amortization (“EBITDA”) should be read in conjunction with the TRW Automotive Holdings
 Corp. Form 10-K for the year ended December 31, 2007, as filed with the United States Securities and
 Exchange Commission.

 The EBITDA measure calculated in this presentation is a measure used by management to evaluate operating
 performance. Management believes that EBITDA is a useful measurement because it is frequently used by
 securities analysts, institutional investors and other interested parties in the evaluation of companies in our
 industry.

 EBITDA is not a recognized term under GAAP and does not purport to be an alternative to net earnings
 (losses) as an indicator of operating performance, or to cash flows from operating activities as a measure of
 liquidity. Additionally, EBITDA is not intended to be a measure of free cash flow for management’s
 discretionary use, as it does not consider certain cash requirements such as interest payments, tax payments
 and debt service requirements. Because not all companies use identical calculations, our presentation of
 EBITDA may not be comparable to other similarly titled measures of other companies.




                                                                                                           P23
© TRW Automotive Holdings Corp. 2008
First Quarter EBITDA



                                       (US $ in millions, except where noted)

                                                                                Q1 2008   Q1 2007
                                       GAAP Net Earnings (Losses)               $    94   $    (86)
                                       Income Tax Expense                            47        53
                                       Net Interest & Securitization                 49        64
                                       Loss on Retirement of Debt                     -       147
                                       Depreciation & Amortization                  147       131
                                       EBITDA                                   $   337   $   309

                                       Memo:
                                       Restructuring & Asset
                                       Impairments Included in EBITDA           $     8   $      8




                                                                                                      P24
© TRW Automotive Holdings Corp. 2008
Net Debt Reconciliation



                                                                                      Period-End Balances
(US $ in millions)
                                                2/28/03     12/31/03    12/31/04     12/31/05     12/31/06    3/30/07     12/31/07       03/28/08
 Cash                                          $     449   $     828   $     790   $       659 $       578   $     343   $     895      $     562
 Marketable securities                                26          16          19            17          11          11            4              3
     Total cash and marketable securities            475         844         809           676         589         354         899            565

 Short term debt                                     168          76          40           98         69         125            64              80
 Term loan facilities                              1,510       1,480       1,512        1,593      1,582       1,579         1,098          1,098
 Revolving credit facilities                           -           -           -            -          -           -           429            339
 Senior & senior subordinated notes due 2013       1,577       1,636       1,369        1,255      1,284          26            19            -
 Senior notes due 2014 and 2017                        -           -           -            -          -       1,467         1,505          1,522
 Lucas Varity senior notes                           167         189         202          181          -           -             -               -
 Other borrowings                                    142          45          58          109         97         112           129            125
 Northrop seller note                                348         382           -            -          -           -             -               -
     Total debt                                    3,912       3,808       3,181        3,236      3,032       3,309         3,244          3,164
     Net debt                                  $   3,437   $   2,964   $   2,372   $    2,560    $ 2,443     $ 2,955     $   2,345      $   2,599




                                                                                                                                      P25
© TRW Automotive Holdings Corp. 2008

More Related Content

What's hot

2005 Q2 TRW Auto Earnings Presentation
2005 Q2 TRW Auto Earnings Presentation2005 Q2 TRW Auto Earnings Presentation
2005 Q2 TRW Auto Earnings Presentationfinance18
 
4 q15 external earnings_presentation_2016-02-04_final
4 q15 external earnings_presentation_2016-02-04_final4 q15 external earnings_presentation_2016-02-04_final
4 q15 external earnings_presentation_2016-02-04_final
Level3_Communications
 
2005 Q4 TRW Auto Earnings Presentation
 	2005 Q4 TRW Auto Earnings Presentation  	2005 Q4 TRW Auto Earnings Presentation
2005 Q4 TRW Auto Earnings Presentation finance18
 
2005 Q3 TRW Auto Earnings Presentation
2005 Q3 TRW Auto Earnings Presentation 2005 Q3 TRW Auto Earnings Presentation
2005 Q3 TRW Auto Earnings Presentation finance18
 
Investor presentation website
Investor presentation websiteInvestor presentation website
Investor presentation website
Level3_Communications
 
timken Q4-2008-EarningRelease
timken  Q4-2008-EarningReleasetimken  Q4-2008-EarningRelease
timken Q4-2008-EarningReleasefinance39
 
Evine earnings presentation f17 q2
Evine earnings presentation f17 q2Evine earnings presentation f17 q2
Evine earnings presentation f17 q2
evine2015
 
2017 First Quarter Earnings Presentation
2017 First Quarter Earnings Presentation2017 First Quarter Earnings Presentation
2017 First Quarter Earnings Presentation
sanmina2017ir
 
Raymond James 37th Annual Institutional Conference
Raymond James 37th Annual Institutional ConferenceRaymond James 37th Annual Institutional Conference
Raymond James 37th Annual Institutional Conference
TelephoneDataSystems
 
pitney bowes 44B330C0-AAF8-412A-8D3C-CD5D3C3E3E07_Q408_Release
pitney bowes 44B330C0-AAF8-412A-8D3C-CD5D3C3E3E07_Q408_Releasepitney bowes 44B330C0-AAF8-412A-8D3C-CD5D3C3E3E07_Q408_Release
pitney bowes 44B330C0-AAF8-412A-8D3C-CD5D3C3E3E07_Q408_Releasefinance47
 
WuXi Second Quarter 2013 Earnings Presentation
WuXi Second Quarter 2013 Earnings PresentationWuXi Second Quarter 2013 Earnings Presentation
WuXi Second Quarter 2013 Earnings PresentationCompany Spotlight
 
Final q2 fy16 quarterly earnings presentation
Final q2 fy16 quarterly earnings presentationFinal q2 fy16 quarterly earnings presentation
Final q2 fy16 quarterly earnings presentation
rockwell_collins
 
yahoo Q4FY08PressReleaseFinal
yahoo Q4FY08PressReleaseFinalyahoo Q4FY08PressReleaseFinal
yahoo Q4FY08PressReleaseFinalfinance32
 
Evine earnings investor presentation f16 q1 final
Evine earnings investor presentation f16 q1 finalEvine earnings investor presentation f16 q1 final
Evine earnings investor presentation f16 q1 final
evine2015
 

What's hot (18)

2005 Q2 TRW Auto Earnings Presentation
2005 Q2 TRW Auto Earnings Presentation2005 Q2 TRW Auto Earnings Presentation
2005 Q2 TRW Auto Earnings Presentation
 
4 q15 external earnings_presentation_2016-02-04_final
4 q15 external earnings_presentation_2016-02-04_final4 q15 external earnings_presentation_2016-02-04_final
4 q15 external earnings_presentation_2016-02-04_final
 
2005 Q4 TRW Auto Earnings Presentation
 	2005 Q4 TRW Auto Earnings Presentation  	2005 Q4 TRW Auto Earnings Presentation
2005 Q4 TRW Auto Earnings Presentation
 
2005 Q3 TRW Auto Earnings Presentation
2005 Q3 TRW Auto Earnings Presentation 2005 Q3 TRW Auto Earnings Presentation
2005 Q3 TRW Auto Earnings Presentation
 
Investor presentation website
Investor presentation websiteInvestor presentation website
Investor presentation website
 
timken Q4-2008-EarningRelease
timken  Q4-2008-EarningReleasetimken  Q4-2008-EarningRelease
timken Q4-2008-EarningRelease
 
Evine earnings presentation f17 q2
Evine earnings presentation f17 q2Evine earnings presentation f17 q2
Evine earnings presentation f17 q2
 
2017 First Quarter Earnings Presentation
2017 First Quarter Earnings Presentation2017 First Quarter Earnings Presentation
2017 First Quarter Earnings Presentation
 
Raymond James 37th Annual Institutional Conference
Raymond James 37th Annual Institutional ConferenceRaymond James 37th Annual Institutional Conference
Raymond James 37th Annual Institutional Conference
 
Extr 4 q fy pr 2010
Extr 4 q fy pr 2010Extr 4 q fy pr 2010
Extr 4 q fy pr 2010
 
pitney bowes 44B330C0-AAF8-412A-8D3C-CD5D3C3E3E07_Q408_Release
pitney bowes 44B330C0-AAF8-412A-8D3C-CD5D3C3E3E07_Q408_Releasepitney bowes 44B330C0-AAF8-412A-8D3C-CD5D3C3E3E07_Q408_Release
pitney bowes 44B330C0-AAF8-412A-8D3C-CD5D3C3E3E07_Q408_Release
 
WuXi Second Quarter 2013 Earnings Presentation
WuXi Second Quarter 2013 Earnings PresentationWuXi Second Quarter 2013 Earnings Presentation
WuXi Second Quarter 2013 Earnings Presentation
 
1 q14 gaap analyst presentation
1 q14 gaap analyst presentation1 q14 gaap analyst presentation
1 q14 gaap analyst presentation
 
Final q2 fy16 quarterly earnings presentation
Final q2 fy16 quarterly earnings presentationFinal q2 fy16 quarterly earnings presentation
Final q2 fy16 quarterly earnings presentation
 
yahoo Q4FY08PressReleaseFinal
yahoo Q4FY08PressReleaseFinalyahoo Q4FY08PressReleaseFinal
yahoo Q4FY08PressReleaseFinal
 
Evine earnings investor presentation f16 q1 final
Evine earnings investor presentation f16 q1 finalEvine earnings investor presentation f16 q1 final
Evine earnings investor presentation f16 q1 final
 
Q1 2009 Earning Report of Privatebancorp Inc.
Q1 2009 Earning Report of Privatebancorp Inc.Q1 2009 Earning Report of Privatebancorp Inc.
Q1 2009 Earning Report of Privatebancorp Inc.
 
Q3 2009 Earning Report of Accenture
Q3 2009 Earning Report of AccentureQ3 2009 Earning Report of Accenture
Q3 2009 Earning Report of Accenture
 

Similar to 2008 Q1 TRW Auto Earnings Presentation

2007 Q2 TRW Auto Earnings Presentation
2007 Q2 TRW Auto Earnings Presentation2007 Q2 TRW Auto Earnings Presentation
2007 Q2 TRW Auto Earnings Presentationfinance18
 
2006 Q1 TRW Auto Earnings Presentation
2006 Q1 TRW Auto Earnings Presentation2006 Q1 TRW Auto Earnings Presentation
2006 Q1 TRW Auto Earnings Presentationfinance18
 
yahoo Q1FY08PressReleaseFinal.
yahoo Q1FY08PressReleaseFinal.yahoo Q1FY08PressReleaseFinal.
yahoo Q1FY08PressReleaseFinal.finance32
 
yahoo Q32008pressreleaseFINAL
yahoo Q32008pressreleaseFINALyahoo Q32008pressreleaseFINAL
yahoo Q32008pressreleaseFINALfinance32
 
yahoo Q2_2008_PR
yahoo Q2_2008_PRyahoo Q2_2008_PR
yahoo Q2_2008_PRfinance32
 
2004 Q1 TRW Auto Earnings Presentation
2004 Q1 TRW Auto Earnings Presentation2004 Q1 TRW Auto Earnings Presentation
2004 Q1 TRW Auto Earnings Presentationfinance18
 
pitney bowes Q308_Release
pitney bowes Q308_Releasepitney bowes Q308_Release
pitney bowes Q308_Releasefinance47
 
2004 Q2 TRW Auto Earnings Presentation
2004 Q2 TRW Auto Earnings Presentation2004 Q2 TRW Auto Earnings Presentation
2004 Q2 TRW Auto Earnings Presentationfinance18
 
goodrich 2Q08_release
goodrich  2Q08_releasegoodrich  2Q08_release
goodrich 2Q08_releasefinance44
 
goodrich 2Q08_release
goodrich  2Q08_releasegoodrich  2Q08_release
goodrich 2Q08_releasefinance44
 
2004 Q3 TRW Auto Earnings Presentation
2004 Q3 TRW Auto Earnings Presentation2004 Q3 TRW Auto Earnings Presentation
2004 Q3 TRW Auto Earnings Presentationfinance18
 
unisys 04308875
unisys 04308875unisys 04308875
unisys 04308875finance36
 
2006 Q4 TRW Auto Earnings Presentation
2006 Q4 TRW Auto Earnings Presentation2006 Q4 TRW Auto Earnings Presentation
2006 Q4 TRW Auto Earnings Presentationfinance18
 
Q12008transcript
Q12008transcriptQ12008transcript
Q12008transcriptfinance44
 
Keynote Reports Fiscal Q1 2009 Results
Keynote Reports Fiscal Q1 2009 ResultsKeynote Reports Fiscal Q1 2009 Results
Keynote Reports Fiscal Q1 2009 Results
earningsreport
 
Q42007Transcript
Q42007TranscriptQ42007Transcript
Q42007Transcriptfinance44
 
2006 Q3 TRW Auto Earnings Presentation
2006 Q3 TRW Auto Earnings Presentation2006 Q3 TRW Auto Earnings Presentation
2006 Q3 TRW Auto Earnings Presentationfinance18
 
air products & chemicals fy 07 q4
air products & chemicals fy 07 q4air products & chemicals fy 07 q4
air products & chemicals fy 07 q4finance26
 

Similar to 2008 Q1 TRW Auto Earnings Presentation (20)

2007 Q2 TRW Auto Earnings Presentation
2007 Q2 TRW Auto Earnings Presentation2007 Q2 TRW Auto Earnings Presentation
2007 Q2 TRW Auto Earnings Presentation
 
2006 Q1 TRW Auto Earnings Presentation
2006 Q1 TRW Auto Earnings Presentation2006 Q1 TRW Auto Earnings Presentation
2006 Q1 TRW Auto Earnings Presentation
 
yahoo Q1FY08PressReleaseFinal.
yahoo Q1FY08PressReleaseFinal.yahoo Q1FY08PressReleaseFinal.
yahoo Q1FY08PressReleaseFinal.
 
Read the Earnings Release
Read the Earnings ReleaseRead the Earnings Release
Read the Earnings Release
 
yahoo Q32008pressreleaseFINAL
yahoo Q32008pressreleaseFINALyahoo Q32008pressreleaseFINAL
yahoo Q32008pressreleaseFINAL
 
yahoo Q2_2008_PR
yahoo Q2_2008_PRyahoo Q2_2008_PR
yahoo Q2_2008_PR
 
2004 Q1 TRW Auto Earnings Presentation
2004 Q1 TRW Auto Earnings Presentation2004 Q1 TRW Auto Earnings Presentation
2004 Q1 TRW Auto Earnings Presentation
 
pitney bowes Q308_Release
pitney bowes Q308_Releasepitney bowes Q308_Release
pitney bowes Q308_Release
 
Read the Earnings Release
Read the Earnings ReleaseRead the Earnings Release
Read the Earnings Release
 
2004 Q2 TRW Auto Earnings Presentation
2004 Q2 TRW Auto Earnings Presentation2004 Q2 TRW Auto Earnings Presentation
2004 Q2 TRW Auto Earnings Presentation
 
goodrich 2Q08_release
goodrich  2Q08_releasegoodrich  2Q08_release
goodrich 2Q08_release
 
goodrich 2Q08_release
goodrich  2Q08_releasegoodrich  2Q08_release
goodrich 2Q08_release
 
2004 Q3 TRW Auto Earnings Presentation
2004 Q3 TRW Auto Earnings Presentation2004 Q3 TRW Auto Earnings Presentation
2004 Q3 TRW Auto Earnings Presentation
 
unisys 04308875
unisys 04308875unisys 04308875
unisys 04308875
 
2006 Q4 TRW Auto Earnings Presentation
2006 Q4 TRW Auto Earnings Presentation2006 Q4 TRW Auto Earnings Presentation
2006 Q4 TRW Auto Earnings Presentation
 
Q12008transcript
Q12008transcriptQ12008transcript
Q12008transcript
 
Keynote Reports Fiscal Q1 2009 Results
Keynote Reports Fiscal Q1 2009 ResultsKeynote Reports Fiscal Q1 2009 Results
Keynote Reports Fiscal Q1 2009 Results
 
Q42007Transcript
Q42007TranscriptQ42007Transcript
Q42007Transcript
 
2006 Q3 TRW Auto Earnings Presentation
2006 Q3 TRW Auto Earnings Presentation2006 Q3 TRW Auto Earnings Presentation
2006 Q3 TRW Auto Earnings Presentation
 
air products & chemicals fy 07 q4
air products & chemicals fy 07 q4air products & chemicals fy 07 q4
air products & chemicals fy 07 q4
 

More from finance18

chubb3671 Supplementary Investor Information
chubb3671 Supplementary Investor Informationchubb3671 Supplementary Investor Information
chubb3671 Supplementary Investor Informationfinance18
 
chubb3902 Supplementary Investor Information
chubb3902 Supplementary Investor Informationchubb3902 Supplementary Investor Information
chubb3902 Supplementary Investor Informationfinance18
 
Supplementary Investor Information Y13880_Edgar_992_0333_
 Supplementary Investor Information Y13880_Edgar_992_0333_ Supplementary Investor Information Y13880_Edgar_992_0333_
Supplementary Investor Information Y13880_Edgar_992_0333_finance18
 
sup2006 01/31 Supplementary Investor Information
sup2006 01/31 Supplementary Investor Informationsup2006 01/31 Supplementary Investor Information
sup2006 01/31 Supplementary Investor Informationfinance18
 
chubb 5042 Supplementary Investor Information
chubb 5042 Supplementary Investor Informationchubb 5042 Supplementary Investor Information
chubb 5042 Supplementary Investor Informationfinance18
 
chubb 5264 Supplementary Investor Information
chubb 5264 Supplementary Investor Informationchubb 5264 Supplementary Investor Information
chubb 5264 Supplementary Investor Informationfinance18
 
chubb 5925 Supplementary Investor Information
chubb 5925 Supplementary Investor Informationchubb 5925 Supplementary Investor Information
chubb 5925 Supplementary Investor Informationfinance18
 
chubb6 186 Supplementary Investor Information
chubb6 186 Supplementary Investor Informationchubb6 186 Supplementary Investor Information
chubb6 186 Supplementary Investor Informationfinance18
 
chubb 6776 Supplementary Investor Information
chubb 6776 Supplementary Investor Informationchubb 6776 Supplementary Investor Information
chubb 6776 Supplementary Investor Informationfinance18
 
chubb 7572 Supplementary Investor Information
chubb 7572 Supplementary Investor Informationchubb 7572 Supplementary Investor Information
chubb 7572 Supplementary Investor Informationfinance18
 
chubb 7804 Supplementary Investor Information
chubb 7804 Supplementary Investor Informationchubb 7804 Supplementary Investor Information
chubb 7804 Supplementary Investor Informationfinance18
 
chubb 8085 Supplementary Investor Information
chubb 8085 Supplementary Investor Informationchubb 8085 Supplementary Investor Information
chubb 8085 Supplementary Investor Informationfinance18
 
chubb 8922 Supplementary Investor Information
chubb 8922 Supplementary Investor Informationchubb 8922 Supplementary Investor Information
chubb 8922 Supplementary Investor Informationfinance18
 
chubb 8399 Supplementary Investor Information
chubb 8399 Supplementary Investor Informationchubb 8399 Supplementary Investor Information
chubb 8399 Supplementary Investor Informationfinance18
 
chubb 8921 Supplementary Investor Information
chubb 8921 Supplementary Investor Informationchubb 8921 Supplementary Investor Information
chubb 8921 Supplementary Investor Informationfinance18
 
chubb 8576 Supplementary Investor Information
chubb 8576 Supplementary Investor Informationchubb 8576 Supplementary Investor Information
chubb 8576 Supplementary Investor Informationfinance18
 
chubb 8918 Supplementary Investor Information
chubb 8918 Supplementary Investor Informationchubb 8918 Supplementary Investor Information
chubb 8918 Supplementary Investor Informationfinance18
 
chubb Supplementary Investor Information8917
chubb Supplementary Investor Information8917chubb Supplementary Investor Information8917
chubb Supplementary Investor Information8917finance18
 
chubb Supplementary Investor Information9489
chubb Supplementary Investor Information9489chubb Supplementary Investor Information9489
chubb Supplementary Investor Information9489finance18
 
chubb Combined Annual Statemen 5113
chubb Combined Annual Statemen 5113chubb Combined Annual Statemen 5113
chubb Combined Annual Statemen 5113finance18
 

More from finance18 (20)

chubb3671 Supplementary Investor Information
chubb3671 Supplementary Investor Informationchubb3671 Supplementary Investor Information
chubb3671 Supplementary Investor Information
 
chubb3902 Supplementary Investor Information
chubb3902 Supplementary Investor Informationchubb3902 Supplementary Investor Information
chubb3902 Supplementary Investor Information
 
Supplementary Investor Information Y13880_Edgar_992_0333_
 Supplementary Investor Information Y13880_Edgar_992_0333_ Supplementary Investor Information Y13880_Edgar_992_0333_
Supplementary Investor Information Y13880_Edgar_992_0333_
 
sup2006 01/31 Supplementary Investor Information
sup2006 01/31 Supplementary Investor Informationsup2006 01/31 Supplementary Investor Information
sup2006 01/31 Supplementary Investor Information
 
chubb 5042 Supplementary Investor Information
chubb 5042 Supplementary Investor Informationchubb 5042 Supplementary Investor Information
chubb 5042 Supplementary Investor Information
 
chubb 5264 Supplementary Investor Information
chubb 5264 Supplementary Investor Informationchubb 5264 Supplementary Investor Information
chubb 5264 Supplementary Investor Information
 
chubb 5925 Supplementary Investor Information
chubb 5925 Supplementary Investor Informationchubb 5925 Supplementary Investor Information
chubb 5925 Supplementary Investor Information
 
chubb6 186 Supplementary Investor Information
chubb6 186 Supplementary Investor Informationchubb6 186 Supplementary Investor Information
chubb6 186 Supplementary Investor Information
 
chubb 6776 Supplementary Investor Information
chubb 6776 Supplementary Investor Informationchubb 6776 Supplementary Investor Information
chubb 6776 Supplementary Investor Information
 
chubb 7572 Supplementary Investor Information
chubb 7572 Supplementary Investor Informationchubb 7572 Supplementary Investor Information
chubb 7572 Supplementary Investor Information
 
chubb 7804 Supplementary Investor Information
chubb 7804 Supplementary Investor Informationchubb 7804 Supplementary Investor Information
chubb 7804 Supplementary Investor Information
 
chubb 8085 Supplementary Investor Information
chubb 8085 Supplementary Investor Informationchubb 8085 Supplementary Investor Information
chubb 8085 Supplementary Investor Information
 
chubb 8922 Supplementary Investor Information
chubb 8922 Supplementary Investor Informationchubb 8922 Supplementary Investor Information
chubb 8922 Supplementary Investor Information
 
chubb 8399 Supplementary Investor Information
chubb 8399 Supplementary Investor Informationchubb 8399 Supplementary Investor Information
chubb 8399 Supplementary Investor Information
 
chubb 8921 Supplementary Investor Information
chubb 8921 Supplementary Investor Informationchubb 8921 Supplementary Investor Information
chubb 8921 Supplementary Investor Information
 
chubb 8576 Supplementary Investor Information
chubb 8576 Supplementary Investor Informationchubb 8576 Supplementary Investor Information
chubb 8576 Supplementary Investor Information
 
chubb 8918 Supplementary Investor Information
chubb 8918 Supplementary Investor Informationchubb 8918 Supplementary Investor Information
chubb 8918 Supplementary Investor Information
 
chubb Supplementary Investor Information8917
chubb Supplementary Investor Information8917chubb Supplementary Investor Information8917
chubb Supplementary Investor Information8917
 
chubb Supplementary Investor Information9489
chubb Supplementary Investor Information9489chubb Supplementary Investor Information9489
chubb Supplementary Investor Information9489
 
chubb Combined Annual Statemen 5113
chubb Combined Annual Statemen 5113chubb Combined Annual Statemen 5113
chubb Combined Annual Statemen 5113
 

Recently uploaded

NO1 Uk Black Magic Specialist Expert In Sahiwal, Okara, Hafizabad, Mandi Bah...
NO1 Uk Black Magic Specialist Expert In Sahiwal, Okara, Hafizabad,  Mandi Bah...NO1 Uk Black Magic Specialist Expert In Sahiwal, Okara, Hafizabad,  Mandi Bah...
NO1 Uk Black Magic Specialist Expert In Sahiwal, Okara, Hafizabad, Mandi Bah...
Amil Baba Dawood bangali
 
how to sell pi coins at high rate quickly.
how to sell pi coins at high rate quickly.how to sell pi coins at high rate quickly.
how to sell pi coins at high rate quickly.
DOT TECH
 
USDA Loans in California: A Comprehensive Overview.pptx
USDA Loans in California: A Comprehensive Overview.pptxUSDA Loans in California: A Comprehensive Overview.pptx
USDA Loans in California: A Comprehensive Overview.pptx
marketing367770
 
how to sell pi coins in South Korea profitably.
how to sell pi coins in South Korea profitably.how to sell pi coins in South Korea profitably.
how to sell pi coins in South Korea profitably.
DOT TECH
 
Scope Of Macroeconomics introduction and basic theories
Scope Of Macroeconomics introduction and basic theoriesScope Of Macroeconomics introduction and basic theories
Scope Of Macroeconomics introduction and basic theories
nomankalyar153
 
Intro_Economics_ GPresentation Week 4.pptx
Intro_Economics_ GPresentation Week 4.pptxIntro_Economics_ GPresentation Week 4.pptx
Intro_Economics_ GPresentation Week 4.pptx
shetivia
 
一比一原版BCU毕业证伯明翰城市大学毕业证成绩单如何办理
一比一原版BCU毕业证伯明翰城市大学毕业证成绩单如何办理一比一原版BCU毕业证伯明翰城市大学毕业证成绩单如何办理
一比一原版BCU毕业证伯明翰城市大学毕业证成绩单如何办理
ydubwyt
 
NO1 Uk Divorce problem uk all amil baba in karachi,lahore,pakistan talaq ka m...
NO1 Uk Divorce problem uk all amil baba in karachi,lahore,pakistan talaq ka m...NO1 Uk Divorce problem uk all amil baba in karachi,lahore,pakistan talaq ka m...
NO1 Uk Divorce problem uk all amil baba in karachi,lahore,pakistan talaq ka m...
Amil Baba Dawood bangali
 
Economics and Economic reasoning Chap. 1
Economics and Economic reasoning Chap. 1Economics and Economic reasoning Chap. 1
Economics and Economic reasoning Chap. 1
Fitri Safira
 
what is the future of Pi Network currency.
what is the future of Pi Network currency.what is the future of Pi Network currency.
what is the future of Pi Network currency.
DOT TECH
 
655264371-checkpoint-science-past-papers-april-2023.pdf
655264371-checkpoint-science-past-papers-april-2023.pdf655264371-checkpoint-science-past-papers-april-2023.pdf
655264371-checkpoint-science-past-papers-april-2023.pdf
morearsh02
 
how to sell pi coins on Bitmart crypto exchange
how to sell pi coins on Bitmart crypto exchangehow to sell pi coins on Bitmart crypto exchange
how to sell pi coins on Bitmart crypto exchange
DOT TECH
 
MERCHANTBANKING-PDF complete picture.pdf
MERCHANTBANKING-PDF complete picture.pdfMERCHANTBANKING-PDF complete picture.pdf
MERCHANTBANKING-PDF complete picture.pdf
Sudarshan Dakuru
 
what is the best method to sell pi coins in 2024
what is the best method to sell pi coins in 2024what is the best method to sell pi coins in 2024
what is the best method to sell pi coins in 2024
DOT TECH
 
how to swap pi coins to foreign currency withdrawable.
how to swap pi coins to foreign currency withdrawable.how to swap pi coins to foreign currency withdrawable.
how to swap pi coins to foreign currency withdrawable.
DOT TECH
 
一比一原版Birmingham毕业证伯明翰大学|学院毕业证成绩单如何办理
一比一原版Birmingham毕业证伯明翰大学|学院毕业证成绩单如何办理一比一原版Birmingham毕业证伯明翰大学|学院毕业证成绩单如何办理
一比一原版Birmingham毕业证伯明翰大学|学院毕业证成绩单如何办理
betoozp
 
Monthly Economic Monitoring of Ukraine No. 232, May 2024
Monthly Economic Monitoring of Ukraine No. 232, May 2024Monthly Economic Monitoring of Ukraine No. 232, May 2024
how can I sell pi coins after successfully completing KYC
how can I sell pi coins after successfully completing KYChow can I sell pi coins after successfully completing KYC
how can I sell pi coins after successfully completing KYC
DOT TECH
 
when will pi network coin be available on crypto exchange.
when will pi network coin be available on crypto exchange.when will pi network coin be available on crypto exchange.
when will pi network coin be available on crypto exchange.
DOT TECH
 
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...
Vighnesh Shashtri
 

Recently uploaded (20)

NO1 Uk Black Magic Specialist Expert In Sahiwal, Okara, Hafizabad, Mandi Bah...
NO1 Uk Black Magic Specialist Expert In Sahiwal, Okara, Hafizabad,  Mandi Bah...NO1 Uk Black Magic Specialist Expert In Sahiwal, Okara, Hafizabad,  Mandi Bah...
NO1 Uk Black Magic Specialist Expert In Sahiwal, Okara, Hafizabad, Mandi Bah...
 
how to sell pi coins at high rate quickly.
how to sell pi coins at high rate quickly.how to sell pi coins at high rate quickly.
how to sell pi coins at high rate quickly.
 
USDA Loans in California: A Comprehensive Overview.pptx
USDA Loans in California: A Comprehensive Overview.pptxUSDA Loans in California: A Comprehensive Overview.pptx
USDA Loans in California: A Comprehensive Overview.pptx
 
how to sell pi coins in South Korea profitably.
how to sell pi coins in South Korea profitably.how to sell pi coins in South Korea profitably.
how to sell pi coins in South Korea profitably.
 
Scope Of Macroeconomics introduction and basic theories
Scope Of Macroeconomics introduction and basic theoriesScope Of Macroeconomics introduction and basic theories
Scope Of Macroeconomics introduction and basic theories
 
Intro_Economics_ GPresentation Week 4.pptx
Intro_Economics_ GPresentation Week 4.pptxIntro_Economics_ GPresentation Week 4.pptx
Intro_Economics_ GPresentation Week 4.pptx
 
一比一原版BCU毕业证伯明翰城市大学毕业证成绩单如何办理
一比一原版BCU毕业证伯明翰城市大学毕业证成绩单如何办理一比一原版BCU毕业证伯明翰城市大学毕业证成绩单如何办理
一比一原版BCU毕业证伯明翰城市大学毕业证成绩单如何办理
 
NO1 Uk Divorce problem uk all amil baba in karachi,lahore,pakistan talaq ka m...
NO1 Uk Divorce problem uk all amil baba in karachi,lahore,pakistan talaq ka m...NO1 Uk Divorce problem uk all amil baba in karachi,lahore,pakistan talaq ka m...
NO1 Uk Divorce problem uk all amil baba in karachi,lahore,pakistan talaq ka m...
 
Economics and Economic reasoning Chap. 1
Economics and Economic reasoning Chap. 1Economics and Economic reasoning Chap. 1
Economics and Economic reasoning Chap. 1
 
what is the future of Pi Network currency.
what is the future of Pi Network currency.what is the future of Pi Network currency.
what is the future of Pi Network currency.
 
655264371-checkpoint-science-past-papers-april-2023.pdf
655264371-checkpoint-science-past-papers-april-2023.pdf655264371-checkpoint-science-past-papers-april-2023.pdf
655264371-checkpoint-science-past-papers-april-2023.pdf
 
how to sell pi coins on Bitmart crypto exchange
how to sell pi coins on Bitmart crypto exchangehow to sell pi coins on Bitmart crypto exchange
how to sell pi coins on Bitmart crypto exchange
 
MERCHANTBANKING-PDF complete picture.pdf
MERCHANTBANKING-PDF complete picture.pdfMERCHANTBANKING-PDF complete picture.pdf
MERCHANTBANKING-PDF complete picture.pdf
 
what is the best method to sell pi coins in 2024
what is the best method to sell pi coins in 2024what is the best method to sell pi coins in 2024
what is the best method to sell pi coins in 2024
 
how to swap pi coins to foreign currency withdrawable.
how to swap pi coins to foreign currency withdrawable.how to swap pi coins to foreign currency withdrawable.
how to swap pi coins to foreign currency withdrawable.
 
一比一原版Birmingham毕业证伯明翰大学|学院毕业证成绩单如何办理
一比一原版Birmingham毕业证伯明翰大学|学院毕业证成绩单如何办理一比一原版Birmingham毕业证伯明翰大学|学院毕业证成绩单如何办理
一比一原版Birmingham毕业证伯明翰大学|学院毕业证成绩单如何办理
 
Monthly Economic Monitoring of Ukraine No. 232, May 2024
Monthly Economic Monitoring of Ukraine No. 232, May 2024Monthly Economic Monitoring of Ukraine No. 232, May 2024
Monthly Economic Monitoring of Ukraine No. 232, May 2024
 
how can I sell pi coins after successfully completing KYC
how can I sell pi coins after successfully completing KYChow can I sell pi coins after successfully completing KYC
how can I sell pi coins after successfully completing KYC
 
when will pi network coin be available on crypto exchange.
when will pi network coin be available on crypto exchange.when will pi network coin be available on crypto exchange.
when will pi network coin be available on crypto exchange.
 
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...
 

2008 Q1 TRW Auto Earnings Presentation

  • 1. First Quarter 2008 Financial Results Presentation Materials Included Pages -Press Release 1-6 -Financial Summaries A1-A6 -Presentation P1-P25 April 30, 2008 © TRW Automotive Holdings Corp. 2008
  • 2. News Release TRW Automotive 12001 Tech Center Drive Livonia, MI 48150 Investor Relations Contact: Patrick R. Stobb (734) 855-3140 Media Contact: John Wilkerson (734) 855-3864 TRW Reports First Quarter 2008 Financial Results; Revises Full Year Outlook LIVONIA, MICHIGAN, April 30, 2008 — TRW Automotive Holdings Corp. (NYSE: TRW), the global leader in active and passive safety systems, today reported first- quarter 2008 financial results with sales of $4.1 billion, an increase of 16.2 percent compared to the same period a year ago. The Company reported first quarter net earnings of $94 million or $0.92 per diluted share, which compares to a net loss in the prior year of $(86) million or $(0.87) per share. The prior year result included charges of $147 million related to the Company’s debt recapitalization plan that was initiated in the prior year quarter. The plan was completed during the second quarter of 2007 and included the refinancing of substantially all of the Company’s debt, which effectively lowered corporate borrowing costs, improved covenant flexibility and extended debt maturities. When comparing results between the two periods, excluding the impact of debt charges in 2007, the Company’s 2008 first quarter net earnings of $0.92 per diluted share compare favorably to the prior year adjusted result of $0.60 per diluted share. In comparison, the first quarter of 2008 benefited primarily from lower expenses related to interest and taxes, together with higher product volumes and the non-recurrence of certain other expenses that impacted the 2007 period. “We have consistently pursued business strategies that improve TRW’s long-term competitiveness, which has helped the Company overcome difficult industry conditions and is reflected in our solid first quarter performance,” said John Plant, president and chief executive officer. 1
  • 3. “These strategies focus efforts on improving our global market position in safety, pioneering innovation throughout the organization and implementing our operating programs in a manner that optimizes both cost and quality.” Mr. Plant added, “With respect to innovation, TRW is raising the intelligence of safety. Earlier this year we introduced our vision of Cognitive Safety Systems, which embodies our goal of helping to keep drivers and passengers safer by making vehicles smarter. Cognitive Safety represents the culmination of new and better technology that increasingly uses advanced electronics and proprietary algorithms to sense, analyze and respond to ever-changing conditions. Cognitive Safety focuses attention on our advanced capabilities and underscores our role as an intellectual partner to our customers. In doing so, it also raises our confidence in our ability to provide sustainable long-term growth for the Company.” First Quarter 2008 The Company reported first-quarter 2008 sales of $4.1 billion, an increase of $577 million or 16.2 percent over the prior year period. Foreign currency translation benefited sales in the 2008 quarter by approximately $358 million. First quarter sales, excluding the impact of foreign currency translation, increased approximately $219 million or 6.1 percent over the prior year period. This increase can be attributed primarily to significantly higher module sales and industry growth in China and South America. These positive factors were partially offset by price reductions provided to customers and the continued decline in North American vehicle production, including the effects of a supplier-related strike that negatively impacted operations at one of our customers. Operating income for first-quarter 2008 was $188 million, which compares favorably to $175 million in the prior year period. The year-to-year increase was driven by a number of positive factors, including savings generated from cost improvement and efficiency programs, higher product sales and the non-recurrence of a business disruption that negatively impacted the 2007 quarter. These factors were partially offset by price reductions provided to customers, higher commodity costs and the impact of operating inefficiencies stemming from historically low vehicle production in North America. 2
  • 4. The net impact of foreign currency rate fluctuations did not have a material impact on operating income in the 2008 quarter. Restructuring and asset impairment expenses in both years were $8 million. Net interest and securitization expense for the first quarter of 2008 totaled $49 million, which compares favorably to $64 million in the prior year. Lower borrowing costs in the 2008 quarter can be attributed to the benefits derived from the Company’s previously mentioned debt recapitalization and the impact of declining interest rates between the two periods. Tax expense in the 2008 quarter was $47 million, resulting in an effective tax rate of 33 percent, which compares to $53 million in the prior year period. The effective tax rate in the 2007 quarter excluding previously mentioned debt retirement charges was 46 percent. The Company expects its full year 2008 effective tax rate to be approximately 38 to 42 percent. The Company reported first-quarter 2008 net earnings of $94 million or $0.92 per diluted share, which compares to a net loss of $(86) million or $(0.87) per share in 2007. The 2008 result represents an improvement of $33 million when compared to 2007 net earnings, excluding debt retirement charges, of $61 million or $0.60 per diluted share. Earnings before interest, securitization costs, loss on retirement of debt (where applicable), taxes, depreciation and amortization, or EBITDA, were $337 million in the first quarter, which compares to the prior year level of $309 million. Cash Flow and Capital Structure Net cash from operating activities during the first quarter was a use of $115 million, which compares to a use of $221 million in the prior year period. First quarter capital expenditures were $97 million compared to $119 million in 2007. As mentioned previously, the Company refinanced substantially all of its debt in 2007. In the first-quarter 2007, the Company completed its $1.5 billion Senior Note offering and repurchased substantially all of its then-outstanding Notes through a tender offer. The Company incurred debt retirement charges related to this transaction of approximately $147 million in the first quarter of 2007. 3
  • 5. As of March 28, 2008, the Company had $3,164 million of debt and $565 million of cash and marketable securities, resulting in net debt (defined as debt less cash and marketable securities) of $2,599 million. This net debt outcome is $254 million higher than the balance at the end of 2007. 2008 Outlook The Company increased its full year outlook and now expects sales to be in the range of $16.2 to $16.6 billion (including second quarter sales of approximately $4.5 billion). Full year net earnings per diluted share are now expected to be in the range of $2.30 to $2.60. This guidance range reflects pre-tax restructuring expenses of approximately $55 million (including approximately $10 million in the second quarter) and an effective tax rate in the range of approximately 38 to 42 percent. Lastly, the Company expects capital expenditures in 2008 to be approximately 3.5 percent of sales. First Quarter 2008 Conference Call The Company will host its first quarter conference call at 8:30 a.m. (EDT) today, Wednesday, April 30, to discuss financial results and other related matters. To access the conference call, U.S. locations should dial (877) 852-7898, and locations outside the U.S. should dial (706) 634-1095. A replay of the conference call will be available approximately two hours after the conclusion of the call and accessible for approximately one week. To access the replay, U.S. locations should dial (800) 642-1687, and locations outside the U.S. should dial (706) 645-9291. The replay code is 42019964. A live audio webcast and subsequent replay of the conference call will also be available on the Company’s website at www.trw.com/results. Reconciliation to GAAP In addition to GAAP results included within this press release, the Company has provided certain information which is not calculated according to GAAP (“non-GAAP”). Management believes these non-GAAP measures are useful to evaluate operating performance and/or regularly used by security analysts, institutional investors and other interested parties in the evaluation of the Company. Non-GAAP measures are not 4
  • 6. purported to be a substitute for any GAAP measure and, as calculated, may not be comparable to other similarly titled measures of other companies. For a reconciliation of non-GAAP measures to the closest GAAP measure and for share amounts used to derive earnings per share, please see the financial schedules that accompany this release. About TRW With 2007 sales of $14.7 billion, TRW Automotive ranks among the world's leading automotive suppliers. Headquartered in Livonia, Michigan, USA, the Company, through its subsidiaries, operates in 27 countries and employs more than 66,000 people worldwide. TRW Automotive products include integrated vehicle control and driver assist systems, braking systems, steering systems, suspension systems, occupant safety systems (seat belts and airbags), electronics, engine components, fastening systems and aftermarket replacement parts and services. All references to quot;TRW Automotivequot;, “TRW” or the quot;Companyquot; in this press release refer to TRW Automotive Holdings Corp. and its subsidiaries, unless otherwise indicated. TRW Automotive news is available on the internet at www.trw.com. Forward-Looking Statements This release contains statements that are not statements of historical fact, but instead are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. We caution readers not to place undue reliance on these statements, which speak only as of the date hereof. All forward-looking statements are subject to numerous assumptions, risks and uncertainties which can cause our actual results to differ materially from those suggested by the forward-looking statements, including those set forth in our Report on Form 10-K for the fiscal year ended December 31, 2007, such as: loss of market share by domestic North American vehicle manufacturers and resulting production cuts and restructuring initiatives, including bankruptcy actions, of our suppliers and customers; escalating pricing pressures from our customers; commodity inflationary pressures adversely affecting our profitability and supply base, including any resulting inability of our suppliers to perform as we expect; our dependence on our largest customers; product liability, warranty and recall claims and efforts by customers to alter terms and conditions concerning warranty and recall participation; strengthening of the U.S. dollar and other foreign currency 5
  • 7. exchange rate fluctuations; work stoppages or other labor issues at our facilities or at the facilities of our customers or suppliers; our substantial debt and resulting vulnerability to an economic or industry downturn and to rising interest rates; cyclicality of automotive production and sales; any increase in the expense and funding requirements of our pension and other postretirement benefits; risks associated with non-U.S. operations, including foreign exchange risks and economic uncertainty in some regions; any impairment of our goodwill or other intangible assets; volatility in our annual effective tax rate resulting from a change in earnings mix or other factors; adverse effects of environmental and safety regulations; assertions by or against us relating to intellectual property rights; the possibility that our largest shareholder’s interests will conflict with ours; and other risks and uncertainties set forth in our Report on Form 10-K and in our other filings with the Securities and Exchange Commission. We do not undertake any obligation to release publicly any revision to any of these forward-looking statements. ### 6
  • 8. TRW Automotive Holdings Corp. Index of Consolidated Financial Information Page Consolidated Statements of Operations (unaudited) for the three months ended March 28, 2008 and March 30, 2007...................................................A2 Condensed Consolidated Balance Sheets as of March 28, 2008 (unaudited) and December 31, 2007 .....................................................................A3 Condensed Consolidated Statements of Cash Flows (unaudited) for the three months ended March 28, 2008 and March 30, 2007...................................................A4 Reconciliation of GAAP Net Earnings (Losses) to EBITDA (unaudited) for the three months ended March 28, 2008 and March 30, 2007...................................................A5 Reconciliation of GAAP Net Earnings (Losses) to Adjusted Earnings (unaudited) for the three months ended March 30, 2007....................................................................................A6 The accompanying unaudited condensed consolidated financial information and reconciliation schedules should be read in conjunction with the TRW Automotive Holdings Corp. Annual Report on Form 10-K for the year ended December 31, 2007, as filed with the United States Securities and Exchange Commission on February 21, 2008.
  • 9. TRW Automotive Holdings Corp. Consolidated Statements of Operations (Unaudited) Three Months Ended (In millions, except per share amounts) March 28, 2008 March 30, 2007 Sales ........................................................................................... $ 4,144 $ 3,567 Cost of sales ............................................................................... 3,803 3,251 Gross profit............................................................................ 341 316 Administrative and selling expenses........................................... 132 128 Amortization of intangible assets ................................................ 9 9 Restructuring charges and asset impairments............................ 8 8 Other expense (income) — net................................................... 4 (4) Operating income.................................................................. 188 175 Interest expense — net............................................................... 48 63 Loss on retirement of debt .......................................................... — 147 Accounts receivable securitization costs .................................... 1 1 Equity in earnings of affiliates, net of tax .................................... (7) (6) Minority interest, net of tax.......................................................... 5 3 Earnings (losses) before income taxes................................ 141 (33) Income tax expense.................................................................... 47 53 Net earnings (losses).......................................................... $ 94 $ (86) Basic earnings (losses) per share: Earnings (losses) per share ...................................................... $ 0.93 $ (0.87) Weighted average shares ......................................................... 100.8 98.5 Diluted earnings (losses) per share: Earnings (losses) per share ...................................................... $ 0.92 $ (0.87) Weighted average shares ......................................................... 102.2 98.5 A2
  • 10. TRW Automotive Holdings Corp. Condensed Consolidated Balance Sheets As of (Dollars in millions) March 28, December 31, 2008 2007 (Unaudited) Assets Current assets: Cash and cash equivalents .................................................... $ 562 $ 895 Marketable securities.............................................................. 3 4 Accounts receivable — net..................................................... 2,860 2,313 Inventories .............................................................................. 936 822 Prepaid expenses and other current assets ........................... 336 292 Total current assets..................................................................... 4,697 4,326 Property, plant and equipment — net ......................................... 2,995 2,910 Goodwill ...................................................................................... 2,249 2,243 Intangible assets — net............................................................... 724 710 Pension asset.............................................................................. 1,506 1,461 Other assets................................................................................ 660 640 Total assets ............................................................................. $ 12,831 $ 12,290 Liabilities, Minority Interests and Stockholders’ Equity Current liabilities: Short-term debt ...................................................................... $ 80 $ 64 Current portion of long-term debt........................................... 20 30 Trade accounts payable......................................................... 2,666 2,406 Accrued compensation .......................................................... 296 298 Other current liabilities ........................................................... 1,027 917 Total current liabilities ................................................................. 4,089 3,715 Long-term debt............................................................................ 3,064 3,150 Postretirement benefits other than pensions............................... 586 591 Pension benefits.......................................................................... 516 497 Other long-term liabilities ............................................................ 1,046 1,011 Total liabilities.......................................................................... 9,301 8,964 Minority interests ......................................................................... 144 134 Commitments and contingencies Stockholders’ equity: Capital stock .......................................................................... 1 1 Treasury stock........................................................................ — — Paid-in-capital ........................................................................ 1,182 1,176 Retained earnings .................................................................. 495 398 Accumulated other comprehensive earnings ......................... 1,708 1,617 Total stockholders’ equity............................................................ 3,386 3,192 Total liabilities, minority interests, and stockholders’ equity .... $ 12,831 $ 12,290 A3
  • 11. TRW Automotive Holdings Corp. Condensed Consolidated Statements of Cash Flows (Unaudited) Three Months Ended (Dollars in millions) March 28, 2008 March 30, 2007 Operating Activities Net earnings (losses) ......................................................................... $ 94 $ (86) Adjustments to reconcile net earnings (losses) to net cash used in operating activities: Depreciation and amortization.......................................................... 147 131 Net pension and other postretirement benefits income and contributions ................................................................................... (54) (41) Loss on retirement of debt................................................................ — 147 Other — net ...................................................................................... (23) 10 Changes in assets and liabilities, net of effects of businesses acquired: Accounts receivable — net............................................................. (420) (420) Inventories ...................................................................................... (58) (37) Trade accounts payable ................................................................. 150 121 Prepaid expense and other assets ................................................. (15) (36) Other liabilities ................................................................................ 64 (10) Net cash used in operating activities .............................................. (115) (221) Investing Activities Capital expenditures, including other intangibles ............................... (97) (119) Acquisitions, net of cash acquired...................................................... (40) (12) Termination of interest rate swaps ..................................................... — (12) Net proceeds from asset sales and sales/leasebacks ....................... 1 7 Net cash used in investing activities............................................... (136) (136) Financing Activities Change in short-term debt.................................................................. 14 36 Net repayments on revolving credit facility ........................................ (90) — Proceeds from issuance of long-term debt, net of fees ...................... 4 1,477 Redemption of long-term debt............................................................ (43) (1,396) Proceeds from exercise of stock options............................................ 2 5 Net cash (used in) provided by financing activities ........................ (113) 122 Effect of exchange rate changes on cash .......................................... 31 — Decrease in cash and cash equivalents............................................. (333) (235) Cash and cash equivalents at beginning of period............................. 895 578 Cash and cash equivalents at end of period ...................................... $ 562 $ 343 A4
  • 12. TRW Automotive Holdings Corp. Reconciliation of GAAP Net Earnings (Losses) to EBITDA (Unaudited) The reconciliation schedule below should be read in conjunction with the TRW Automotive Holdings Corp. Form 10-K for the year ended December 31, 2007. The EBITDA measure calculated in the following schedule is a measure used by management to evaluate operating performance. Management believes that EBITDA is a useful measurement because it is frequently used by securities analysts, institutional investors and other interested parties in the evaluation of companies in our industry. EBITDA is not a recognized term under GAAP and does not purport to be an alternative to net earnings (losses) as an indicator of operating performance, or to cash flows from operating activities as a measure of liquidity. Additionally, EBITDA is not intended to be a measure of free cash flow for management’s discretionary use, as it does not consider certain cash requirements such as interest payments, tax payments and debt service requirements. Because not all companies use identical calculations, this presentation of EBITDA may not be comparable to other similarly titled measures of other companies. Three Months Ended (Dollars in millions) March 28, 2008 March 30, 2007 GAAP net earnings (losses).......................................... $ 94 $ (86) Income tax expense ................................................ 47 53 Interest expense — net ........................................... 48 63 Loss on retirement of debt ...................................... — 147 Accounts receivable securitization costs................. 1 1 Depreciation and amortization ................................ 147 131 EBITDA ......................................................................... $ 337 $ 309 A5
  • 13. TRW Automotive Holdings Corp. Reconciliation of GAAP Net Earnings to Adjusted Earnings (Unaudited) In conjunction with the Company’s tender offer and repurchase on March 26, 2007 of its then outstanding 9⅜% Senior Notes and 10⅛% Senior Notes in original principal amounts of $925 million and €200 million, respectively, and 11% Senior Subordinated Notes and 11¾% Senior Subordinated Notes in original principal amounts of $300 million and €125 million, respectively, the Company recorded a loss on retirement of debt of $147 million. This loss included $111 million for redemption premiums paid, $20 million for the write-off of deferred debt issuance costs, $11 million relating to the principal amount in excess of carrying value of the 9⅜% Senior Notes and $5 million of fees. No tax benefit was recognized relating to the loss on retirement of debt due to the Company’s tax loss position in the respective jurisdiction. The following reconciliation excludes the impact of the loss on retirement of debt. Three Months Three Months Ended Ended March 30, March 30, 2007 2007 Actual Adjustments Adjusted (In millions, except per share amounts) Sales...................................................................... $ 3,567 $ — $ 3,567 Cost of sales.......................................................... 3,251 — 3,251 Gross profit........................................................ 316 — 316 Administrative and selling expenses ..................... 128 — 128 Amortization of intangible assets .......................... 9 — 9 Restructuring charges and asset impairments...... 8 — 8 Other income — net .............................................. (4) — (4) Operating income .............................................. 175 — 175 Interest expense, net............................................. 63 — 63 (a) Loss on retirement of debt..................................... 147 (147) — Accounts receivable securitization costs............... 1 — 1 Equity in earnings of affiliates, net of tax............... (6) — (6) Minority interest, net of tax .................................... 3 — 3 (Losses) earnings before income taxes ............ (33) 147 114 Income tax expense ............................................. 53 — 53 Net (losses) earnings ....................................... $ (86) $ 147 $ 61 Effective tax rate.................................................... n.m. 46% Basic (losses) earnings per share: (Losses) earnings per share ............................... $ (0.87) $ 0.62 Weighted average shares ................................... 98.5 98.5 Diluted (losses) earnings per share: (Losses) earnings per share ............................... $ (0.87) $ 0.60 (b) Weighted average shares ................................... 98.5 101.6 (a) Reflects the elimination of the loss on retirement of debt. (b) Includes approximately 3.1 million shares that have been excluded from the GAAP diluted losses per share calculation for the three months ended March 30, 2007, as the effect was anti-dilutive due to the net loss reflected for such period. n.m. – not meaningful A6
  • 14. First Quarter 2008 Financial Results Presentation April 30, 2008 © TRW Automotive Holdings Corp. 2008
  • 15. Introduction Patrick Stobb Director, Investor Relations Business Summary John C. Plant President and Chief Executive Officer
  • 16. Safe Harbor Statement This presentation contains statements that are not statements of historical fact, but instead are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. We caution readers not to place undue reliance on these statements, which speak only as of the date hereof. All forward-looking statements are subject to numerous assumptions, risks and uncertainties which can cause our actual results to differ materially from those suggested by the forward-looking statements, including those set forth in our Report on Form 10-K for the fiscal year ended December 31, 2007, such as: loss of market share by domestic North American vehicle manufacturers and resulting production cuts and restructuring initiatives, including bankruptcy actions, of our suppliers and customers; escalating pricing pressures from our customers; commodity inflationary pressures adversely affecting our profitability and supply base, including any resulting inability of our suppliers to perform as we expect; our dependence on our largest customers; product liability, warranty and recall claims and efforts by customers to alter terms and conditions concerning warranty and recall participation; strengthening of the U.S. dollar and other foreign currency exchange rate fluctuations; work stoppages or other labor issues at our facilities or at the facilities of our customers or suppliers; our substantial debt and resulting vulnerability to an economic or industry downturn and to rising interest rates; cyclicality of automotive production and sales; any increase in the expense and funding requirements of our pension and other postretirement benefits; risks associated with non-U.S. operations, including foreign exchange risks and economic uncertainty in some regions; any impairment of our goodwill or other intangible assets; volatility in our annual effective tax rate resulting from a change in earnings mix or other factors; adverse effects of environmental and safety regulations; assertions by or against us relating to intellectual property rights; and the possibility that our largest shareholder’s interests will conflict with ours. We do not undertake any obligation to release publicly any revision to any of these forward-looking statements. P3 © TRW Automotive Holdings Corp. 2008
  • 17. Summary Comments • TRW reports solid first quarter results: Performance and – Healthy growth in sales and earnings Commitment to Core – Continued demand for increased safety content Strategies Helping to and leading diversification providing good Drive Success momentum – Successfully offset commodity inflation and lower North American production • TRW has consistently executed business strategies that improve its long-term competitiveness……focusing efforts on: – Elevating global market position in safety – Pioneering innovation – Optimizing both cost and quality • TRW is a results-oriented organization with a passion for continuous improvement and a drive for efficiency. P4 © TRW Automotive Holdings Corp. 2008
  • 18. First Quarter Summary Vehicle Production(c) Financial Summary (% changes based on year-over-year comparisons) (US $ in millions, except were noted) Sales Summary North America $4,144 Big 3 -13.4% $3,567 EU OE -1.9% 16% Growth Asian OE -0.7% Total Region -8.8% Q1 2007 Q1 2008 Europe North America 15.6% West -3.2% Europe 11.8% East 16.6% ROW 43.0% Total Region 1.7% Net Earnings Summary ROW Q1 2007 Q1 2008 China 5.9% (a) GAAP GAAP India 16.6% Adjusted Korea 3.9% Net Earnings (Losses) $ (86) $ 61 $ 94 Japan 5.5% (b) $ (0.87) $ 0.60 $ 0.92 Earnings (Losses) Per Share South America 22.4% (a) Excludes $147 million of debt retirement charges. For adjusted results reconciliation to GAAP, please see slide P17. (b) Per share amounts based on basic shares for (losses) and diluted shares for earnings. (c) Production volumes based on CSM Worldwide data. P5 © TRW Automotive Holdings Corp. 2008
  • 19. Redefining Automotive Safety • Introduced our vision of Cognitive Safety Systems during first-quarter 2008. • Embodies goal of helping keep drivers and passengers safer by making vehicles smarter. • Represents the culmination of new and better technologies that increasingly use advanced electronics and proprietary algorithms to… Sense Analyze Anticipate Respond • Demonstrates how TRW is raising the intelligence of safety. P6 © TRW Automotive Holdings Corp. 2008
  • 20. Redefining Automotive Safety • TRW invests significant amounts of capital each year to engineer its products globally: – Investment has increased approximately 49% since 2003 – Technology critical to winning new contracts – Increasing use of electronics is driving the future of our business • TRW positioned at the forefront of safety, with new developments related to radar systems, electrically powered steering, electric park brake, advanced airbags and stability control. • Heightened emphasis on electronics driving the evolution of our capabilities. Intelligent Safety Increasing Use of Electronics Key to the Future of TRW P7 © TRW Automotive Holdings Corp. 2008
  • 21. Redefining Automotive Safety • Focuses attention on our SYSTEMS innovation and ingenuity. COGNITIVE • Prominence in active and SAFETY SYSTEMS passive safety helps differentiate TRW in the marketplace. INTEGRATION SYSTEMS INTELLECTUAL SUPPLIER PARTNER COMPONENTS • TRW effectively competes and manages its business across the spectrum of safety. • Underscores our role as a strong intellectual partner to COMPONENTS our customers. P8 © TRW Automotive Holdings Corp. 2008
  • 22. Quarterly Developments • TRW has been winning new business at a rate that supports top-line growth expectation of approximately a 4 percent compound annual growth rate. • TRW placed among the elite in Quality Magazine’s 2008 Quality Leadership 100 rankings, which measures quality effectiveness of more than 800 manufacturing companies from a broad range of industries. • Plant awards and recognition: – Peterlee, UK Electronics facility received the “2008 Queens Award for Enterprise” under the category of International Trade – Engineered Fasteners and Components plant in Queretaro, Mexico received the Honda de México ‘Excellence Award’ for quality P9 © TRW Automotive Holdings Corp. 2008
  • 23. Quarterly Developments • Cost pressures from commodity inflation continue to intensify: – Pricing of steel and other commodities expected to worsen significantly during the remaining quarters – Gross full year impact now expected at $100 million or higher – Combination of higher commodity costs and record low production volumes in North America have increased concerns that supply base will weaken further • Labor related issues impacting North American production: – American Axle strike, now in its 3rd month, hampering vehicle production at GM. – First Quarter impact of strike was not material to TRW, with approximately $55 million in lost revenue – Continue to monitor and develop contingency plans to address the potential for more widespread impact to GM in North America P10 © TRW Automotive Holdings Corp. 2008
  • 24. Quarterly Developments Successfully launched 85 programs during Q1… • Dodge Journey: Front Brake Calipers, Side Dodge Airbags, Seat Belt Retractors, Chassis Modules Journey (Rear Brake Calipers and Steering Gear), Steering Column Control Module and Angle Sensor, HVAC Controller and Actuators Volkswagen • Volkswagen Jetta (China): Driver Airbag and Jetta Inflator, Brake Rotors, Rear Brake Calipers, Steering Wheel, Chassis Modules • Citroën Berlingo, Berlingo Van, Peugeot Citroën Berlingo Partner, and Partner Van: Side-Driver- Passenger-Curtain Airbags, Steering Wheels, Rear Brake Calipers, Electrically Powered Hydraulic Steering Power Pack, Actuation Peugeot Partner P11 © TRW Automotive Holdings Corp. 2008
  • 25. 2008 Operating Environment 2008 Industry Production Assumptions(1) (units in millions) • Forecast for North American North America Europe 22.3 15.8 21.7 22.0 production lowered to 15.3 15.1 20.4 19.9 14.5 14.2 approximately 14.2 million units – 5.8 6.4 6.7 4.9 4.1 5.0 5.2 5.6 lowest production level since 1993. 5.8 5.6 15.9 15.6 • European production raised based 15.6 15.5 15.8 10.8 10.1 9.5 8.7 8.6 on growth in Eastern Europe. No change to Western Europe 2005 2006 2007 2008E 2008E 2005 2006 2007 2008E 2008E estimate. OLD NEW OLD NEW We s t e rn E a s t e rn Big 3 Transplants • Steady growth forecasted for Asia South America Asia and South America. • Revised Euro rate assumptions 5.6 5.5 4.6 4.0 upward, which is reflected in the 3.9 3.9 3.9 4.0 3.8 3.6 increased full year sales guidance. 7.7 7.8 6.9 5.7 4.8 4.1 4.0 3.6 3.0 2.8 • Commodity inflation pressures to 11.0 10.9 10.6 10.8 10.0 continue, with significant increases 2005 2006 2007 2008E 2008E 2005 2006 2007 2008E 2008E expected in the remaining quarters. OLD NEW OLD NEW Japan China Korea South Asia (1) Source: Light vehicle assumptions primarily CSM Worldwide and internal company estimates. P12 © TRW Automotive Holdings Corp. 2008
  • 26. 2008 Full Year Outlook Sales $16.2 - $16.6 billion Net Earnings per Diluted Share(a) $2.30 to $2.60 Restructuring Expenses (pre-tax) $55 million Capital Spending approx. 3.5% of sales Effective Tax Rate approx. 38% - 42% TRW is Optimistic About the Future – Bolstered by Leading Customer and Geographic Diversification, Innovation and a Track Record of Steady Performance During Difficult Conditions. (a) Per share amounts based on assumed weighted average diluted shares outstanding of approximately 103.5 million shares. P13 © TRW Automotive Holdings Corp. 2008
  • 27. Financial Overview Joseph S. Cantie Executive Vice President and Chief Financial Officer
  • 28. First Quarter 2008 Summary • Performed well in the first quarter, marking a good start for the year. • Results at high end of company expectations due to better than expected growth overseas and lower expenses related to interest and taxes. • Raising full year 2008 guidance, considerations include: – Strength of first quarter results – Improved fundamentals at some of our businesses We Believe TRW is in a – Current assumptions for commodities Good Position to Deliver and vehicle volumes carry measurable Another Year of Solid downside risk Financial Results P15 © TRW Automotive Holdings Corp. 2008
  • 29. First Quarter Sales Summary Total Sales Segment Sales US $ in millions US $ in millions $2,342 $1,896 $4,144 $1,274 $1,182 $3,567 Chassis $528 $489 OSS Auto Comp +16% Q1 2007 Q1 2008 Q1 2007 Q1 2008 Geographic Sales Mix % of total sales Q1 YOY Sales Comparison North North America America Foreign Currency Europe Europe 30.3% 30.5% 57.0% 59.2% Product Volumes Modules New Products Rest of Vehicle Production Rest of World World Customer Pricing 10.3% Q1 2007 Q1 2008 12.7% P16 © TRW Automotive Holdings Corp. 2008
  • 30. First Quarter Results (US $ in millions, except where noted) Q1 2008 Q1 2007 GAAP GAAP Adjusting Adjusted Results Results Item Results Sales $ 4,144 $ 3,567 $ - $ 3,567 Operating Income 188 175 - 175 Net Interest and Securitization 49 64 - 64 (a) Loss on Retirement of Debt - 147 (147) - Equity in Earnings of Affiliates (7) (6) - (6) Minority Interest 5 3 - 3 47 53 - 53 Income Tax Expense Effective Tax Rate 33% n.m. 46% Net Earnings (Losses) $ 94 $ (86) $ 147 $ 61 (c) Share Count 102.2 98.5 101.6 Earnings (Losses) Per Share $ 0.92 $ (0.87) $ 0.60 EBITDA(b) $ 337 $ 309 (a) $147 million loss on retirement of debt related to the Company’s 2007 debt recapitalization. (b) Please refer to slide P23 for management’s rationale for using this metric and slide P24 for a reconciliation to GAAP. (c) Includes approximately 3.1 million shares that have been excluded from the GAAP diluted losses per share calculation for the three months ended March 30, 2007, as the effect was anti-dilutive due to the net loss reflected for such period. P17 © TRW Automotive Holdings Corp. 2008
  • 31. Capital Structure Summary Operating Cash Flow Capital Expenditures US $ in millions US $ in millions $119 $97 Operating Cash Flow: 2007 2008 First Quarter $ (221) $ (115) Memo: Capital Expenditures (119) (97) Operating Cash Flow After Capital Expenditures $ (340) $ (212) Q1 2007 Q1 2008 Capital Structure Period-End Balances US $ in millions Q1 2007 Q1 2008 Cash $ 343 $ 562 Marketable Securities 11 3 Total Cash & Marketable Securities $ 354 $ 565 Total Debt 3,309 3,164 Total Equity 2,327 3,386 Total Capital $ 5,636 $ 6,550 Total Debt / Capital Ratio 59% 48% (a) Net Debt $ 2,955 $ 2,599 (a) Total debt less total cash & marketable securities. P18 © TRW Automotive Holdings Corp. 2008
  • 32. Capital Structure Summary Net Debt (a) US $ in millions Debt transactions increased Debt transaction increased net debt by approximately Dalphimetal acquisition net debt by $57 million $130 million increased net debt $3,437 by $244 million $2,964 $2,955 $2,560 $2,599 $2,443 $2,372 $2,345 Feb 28, 2003 Dec 31, 2003 Dec 31, 2004 Dec 31, 2005 Dec 31, 2006 Mar 30, 2007 Dec 31, 2007 Mar 28, 2008 (a) Net debt is equal to total debt less cash and marketable securities. For net debt reconciled to the closest GAAP equivalent, please refer to slide P25. P19 © TRW Automotive Holdings Corp. 2008
  • 33. Outlook Discussion Full Year • Raised full year sales guidance to $16.2 - $16.6 billion: – Decline in North American volume expected to be significant with the Big 3 producing nearly 900 thousand fewer vehicles – Positives include safety content growth, stability in Europe and higher vehicle volumes in Asia and South America – Expect lower margin module sales to increase $800 to $900 million in 2008 – Currency effect will provide measurable upside to sales – no material impact to income expected • Increased full year earnings to $2.30 to $2.60 per share. Second Quarter • Sales increase to approximately $4.5 billion due primarily to currency and modules. • North American production environment will be difficult. Expect offsets from safety content growth and strength of overseas operations. • Restructuring expense of approximately $10 million. P20 © TRW Automotive Holdings Corp. 2008
  • 34. P21 © TRW Automotive Holdings Corp. 2008
  • 36. EBITDA Measurement The accompanying unaudited consolidated financial information and reconciliation of GAAP net earnings to earnings before interest, income tax, accounts receivable securitization cost, loss on retirement of debt, and depreciation and amortization (“EBITDA”) should be read in conjunction with the TRW Automotive Holdings Corp. Form 10-K for the year ended December 31, 2007, as filed with the United States Securities and Exchange Commission. The EBITDA measure calculated in this presentation is a measure used by management to evaluate operating performance. Management believes that EBITDA is a useful measurement because it is frequently used by securities analysts, institutional investors and other interested parties in the evaluation of companies in our industry. EBITDA is not a recognized term under GAAP and does not purport to be an alternative to net earnings (losses) as an indicator of operating performance, or to cash flows from operating activities as a measure of liquidity. Additionally, EBITDA is not intended to be a measure of free cash flow for management’s discretionary use, as it does not consider certain cash requirements such as interest payments, tax payments and debt service requirements. Because not all companies use identical calculations, our presentation of EBITDA may not be comparable to other similarly titled measures of other companies. P23 © TRW Automotive Holdings Corp. 2008
  • 37. First Quarter EBITDA (US $ in millions, except where noted) Q1 2008 Q1 2007 GAAP Net Earnings (Losses) $ 94 $ (86) Income Tax Expense 47 53 Net Interest & Securitization 49 64 Loss on Retirement of Debt - 147 Depreciation & Amortization 147 131 EBITDA $ 337 $ 309 Memo: Restructuring & Asset Impairments Included in EBITDA $ 8 $ 8 P24 © TRW Automotive Holdings Corp. 2008
  • 38. Net Debt Reconciliation Period-End Balances (US $ in millions) 2/28/03 12/31/03 12/31/04 12/31/05 12/31/06 3/30/07 12/31/07 03/28/08 Cash $ 449 $ 828 $ 790 $ 659 $ 578 $ 343 $ 895 $ 562 Marketable securities 26 16 19 17 11 11 4 3 Total cash and marketable securities 475 844 809 676 589 354 899 565 Short term debt 168 76 40 98 69 125 64 80 Term loan facilities 1,510 1,480 1,512 1,593 1,582 1,579 1,098 1,098 Revolving credit facilities - - - - - - 429 339 Senior & senior subordinated notes due 2013 1,577 1,636 1,369 1,255 1,284 26 19 - Senior notes due 2014 and 2017 - - - - - 1,467 1,505 1,522 Lucas Varity senior notes 167 189 202 181 - - - - Other borrowings 142 45 58 109 97 112 129 125 Northrop seller note 348 382 - - - - - - Total debt 3,912 3,808 3,181 3,236 3,032 3,309 3,244 3,164 Net debt $ 3,437 $ 2,964 $ 2,372 $ 2,560 $ 2,443 $ 2,955 $ 2,345 $ 2,599 P25 © TRW Automotive Holdings Corp. 2008