WABCO Europe BVBA
Feb 26, 2015

WABCO Demonstrates Continued Commitment to Outperformance and Superior Shareowner Value at Its First Investor Day

- Reiterates Outperformance Target of 8 to 10 Percent
- Outlines Strategies to Sustain Growth Through Technology Leadership, Globalization and Excellence in Execution

BRUSSELS, BELGIUM -- (Marketwired) -- 02/26/15 -- WABCO Holdings Inc. (NYSE:WBC) (www.wabco-auto.com), a leading innovator and global supplier of technologies that improve the safety and efficiency of commercial vehicles, will host its first Investor Day today at the Grand Hyatt Hotel in New York City, NY (USA).

The meeting will feature presentations from WABCO's top executives, including Jacques Esculier, Chairman and Chief Executive Officer; Prashanth Mahendra-Rajah, Chief Financial Officer; Leon Liu, President of the Truck, Bus and Car Original Equipment Manufacturers (OEMs) Division, and Nick Rens, President of the Trailer Systems, Aftermarket and Off-Highway Division. Outlining the company's strategies for differentiation, WABCO's senior management will also highlight the company's robust framework to deliver superior value for shareowners:

"We are excited to welcome investors and analysts to our first Investor Day as we demonstrate our differentiating strategies for growth," said Jacques Esculier, WABCO Chairman and Chief Executive Officer. "We will continue to drive outperformance in the commercial vehicle industry through technology leadership, globalization, and excellence in execution. WABCO's unique ability to anticipate global market developments, industry trends and diverse customer needs enables the company to deliver differentiated products and services to leading commercial vehicle manufacturers and fleet operators worldwide."

Technology Leadership and Innovation

WABCO will demonstrate to investors and analysts its continued differentiation through sustained technology innovation. For example, in 2014 WABCO pioneered its breakthrough modular braking system platform (mBSP™). It features the highest degree of standardization in the industry across both components and system software for anti-lock braking (ABS) and electronic braking (EBS) systems. Thereby, the company enables global truck and bus manufacturers to efficiently tailor their vehicle platforms to regional or regulatory requirements by interchangeably equipping them with either ABS or EBS.

In addition, WABCO will showcase a number of technologies associated with its industry-leading portfolio of advanced driver assistance systems, including OnGuardPLUS™. WABCO's OnGuardPLUS detects moving, decelerating and stationary vehicles ahead. It alerts the driver via acoustic, visual and haptic signals. OnGuardPLUS autonomously applies the brakes and can bring the vehicle to a complete stop, helping to prevent or mitigate rear-end collisions.

Globalization

WABCO serves every leading manufacturer of trucks, buses and trailers in every region of the world. The company anticipates a progressive adoption of advanced safety and efficiency technologies common in Europe in other markets around the globe. WABCO's applicable market in Europe is currently valued at approximately $3,000 per vehicle. The content per vehicle in other global growth markets such as India, China, the U.S., and Brazil ranges from an estimated $300 to $1,500. WABCO projects a closing of this content per vehicle gap will present the company with a rich reservoir of organic growth.

Design to Cost

WABCO will highlight the company's innovative "Design to Cost" and "Redesign to Cost" programs. These initiatives adapt WABCO's industry-leading technology portfolio to meet vehicle manufacturers' and fleet operators' needs for cost-competitiveness in every region of the world. WABCO combines its advanced technology expertise in Europe with frugal engineering capabilities in India to create new safety and efficiency systems and optimize existing technologies to better serve markets worldwide.

Guidance for 2015

Based on its current market outlook, the company expects full year 2015 sales growth to range from 6 to 11 percent in local currencies; performance operating margin to range from 14.2 to 15.1 percent; and operating margin on a U.S. GAAP basis to range from 13.2 to 14.1 percent, resulting in diluted EPS on a performance basis to range from $5.80 to $6.30 and diluted EPS on a U.S. GAAP basis to range from $5.09 to $5.59.

Webcast

A live webcast of WABCO's Investor Day will be broadcast simultaneously on the investor relations page of the company's website at http://wabco.client.shareholder.com/. The webcast will begin at 8:45 A.M. EST and conclude by 12:00 P.M. EST. A replay will be available at the same site following the event.

ABOUT WABCO

WABCO (NYSE:WBC) is a leading innovator and global supplier of technologies that improve the safety and efficiency of commercial vehicles. Founded nearly 150 years ago, WABCO continues to pioneer breakthrough products and systems for braking, stability, suspension, transmission automation, and aerodynamics. Today, all of the world's leading truck, bus and trailer manufacturers have WABCO technologies onboard. In addition, WABCO provides the industry with advanced fleet management solutions and aftermarket services. WABCO reported sales of $2.9 billion in 2014. The company is headquartered in Brussels, Belgium, and has 11,000 employees worldwide. For more information, visit www.wabco-auto.com.

Forward-Looking Statements

This document contains certain "forward-looking statements" as defined by the Private Securities Litigation Reform Act of 1995 that are based on management's good faith expectations and beliefs concerning future developments. Statements preceded by, followed by or that otherwise include the words "believes," "expects," "anticipates," "strategies," "prospects," "intends," "projects," "estimates," "plans," "may increase," "may fluctuate," and similar expressions or future or conditional verbs such as "will," "should," "would," "may" and "could" are generally forward looking in nature and not historical facts. Actual results may differ materially from these expectations as a result of many factors. These factors include, but are not limited to, the actual level of commercial vehicle production in our end markets, adverse developments in the business of our key customers, pricing changes to our supplies or products, our ability to successfully integrate any acquired businesses or our acquired businesses not performing as planned and the other risks and uncertainties described in the "Risk Factors" section and the "Information Concerning Forward Looking Statements" section of WABCO's Form 10-K, as well as in the "Management's Discussion and Analysis of Financial Condition and Results of Operations - Information Concerning Forward Looking Statements" section of WABCO's Form 10-Q Quarterly Reports. WABCO does not undertake any obligation to update such forward-looking statements. All market and industry data are based on company estimates.

WABCO HOLDINGS INC. AND SUBSIDIARIES
Reconciliation of GAAP to Non-GAAP Financial Measures for Full Year 2015 Guidance
(Unaudited)
(Amounts in millions, except per share data)
Full Year 2015 Guidance
Operating Income
Reported Operating Income Margin 13.2% - 14.1%
Streamlining cost, impact to margin 0.7%
Separation costs, impact to margin 0.1%
Acquisition related items, impact to margin 0.2%
Performance Operating Income Margin 14.2% - 15.1%
Net Income Attributable to Company
Reported Net Income Attributable to Company $295.1 - $324.1
Streamlining cost, net of tax 18.8
Tax items 12.4
Acquisition related items, net of tax 6.7
Separation costs, net of tax and separation related taxes 3.4
Performance Net Income Attributable to Company $336.4 - $365.4
Reported Net Income Attributable to Company per Diluted Common Share $5.09 - $5.59
Performance Net Income Attributable to Company per Diluted Common Share $5.80 - $6.30
Diluted common shares outstanding ~ 58
Note: The presentation of performance net income and performance net income per diluted common share is not in conformity with generally accepted accounting principles (GAAP). These measures may not be comparable to similar measures of other companies as not all companies calculate these measures in the same manner.

Investor Day contact
Alexandra Sorrentino
+1-212-521-4863
wabcorsvp@kekst.com
Media, investors and analysts contact
Christian Fife
+1-732-369-7465
christian.fife@wabco-auto.com

Source: WABCO Holdings Inc.

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