DELPHI 2013 Annual Report Download - page 26

4
PART I
ITEM 1. BUSINESS
“Delphi,” the “Company,” the “Successor,” “we,” “us” and “our” refer to Delphi Automotive PLC, a public limited
company which was formed under the laws of Jersey on May 19, 2011, together with its subsidiaries, including Delphi
Automotive LLP, a limited liability partnership incorporated under the laws of England and Wales (“Delphi Automotive LLP”)
which was formed on August 19, 2009 for the purpose of acquiring certain assets and subsidiaries of the former Delphi
Corporation, and became a subsidiary of Delphi Automotive PLC in connection with the completion of the Company’s initial
public offering on November 22, 2011. The former Delphi Corporation and, as the context may require, its subsidiaries and
affiliates, are referred to herein as the “Predecessor” or “Old Delphi”.
We are a leading global vehicle components manufacturer and provide electrical and electronic, powertrain, active safety
and thermal technology solutions to the global automotive and commercial vehicle markets. We are one of the largest vehicle
component manufacturers, and our customers include all 25 of the largest automotive original equipment manufacturers
(“OEMs”) in the world. We operate 126 major manufacturing facilities and 15 major technical centers utilizing a regional
service model that enables us to efficiently and effectively serve our global customers from low cost countries. We have a
presence in 32 countries and have over 19,000 scientists, engineers and technicians focused on developing market relevant
product solutions for our customers. In line with the growth in emerging markets, we have been increasing our focus on these
markets, particularly China, where we have a major manufacturing base, including investments in 4 new manufacturing
facilities in 2012 and 2013, and strong customer relationships.
Website Access to Company’s Reports
Delphi’s internet website address is www.delphi.com. Our Annual Reports on Form 10-K, quarterly reports on Form 10-
Q, current reports on Form 8-K, and amendments to those reports filed or furnished pursuant to section 13(a) or 15(d) of the
Exchange Act are available free of charge through our website as soon as reasonably practicable after they are electronically
filed with, or furnished to, the Securities and Exchange Commission (“SEC”).
Our History
In October 2005, the Predecessor and certain of its United States (“U.S.”) subsidiaries filed voluntary petitions for
reorganization relief under Chapter 11 of the United States Bankruptcy Code (the “Bankruptcy Code”) in the United States
Bankruptcy Court for the Southern District of New York (the “Bankruptcy Court”). The Predecessor's non-U.S. subsidiaries,
which were not included in the Chapter 11 Filings, continued their business operations without supervision from the
Bankruptcy Court and were not subject to the requirements of the Bankruptcy Code. On October 6, 2009 (the “Acquisition
Date”), Delphi Automotive LLP acquired the major portion of the business of the Predecessor and issued membership interests
to a group of investors consisting of certain lenders to the Predecessor, General Motors Company (“GM”) and the Pension
Benefit Guaranty Corporation (the “PBGC”).
On March 31, 2011, all of the outstanding Class A and Class C membership interests held by GM and the PBGC were
redeemed, respectively, for approximately $4.4 billion. The redemption transaction was funded by a $3.0 billion credit facility
entered into on March 31, 2011 (the “Credit Facility”) and existing cash.
On May 19, 2011, Delphi Automotive PLC was formed as a Jersey public limited company, and had nominal assets, no
liabilities and had conducted no operations prior to its initial public offering. On November 22, 2011, in conjunction with the
completion of its initial public offering by the selling shareholders, all of the outstanding equity of Delphi Automotive LLP was
exchanged by its equity holders for ordinary shares in Delphi Automotive PLC. As a result, Delphi Automotive LLP became a
wholly-owned subsidiary of Delphi Automotive PLC.
Our Company
We believe the automotive industry is being shaped by increasing government regulations for vehicle safety, fuel
efficiency and emissions control, as well as rapidly increasing consumer demand for connectivity. These industry mega-trends,
which we refer to as “Safe,” “Green” and “Connected,” are driving higher growth in products that address these trends than
growth in the automotive industry overall. We have organized our business into four diversified segments, which enable us to
develop solutions and manufacture highly-engineered products that enable our customers to respond to these mega-trends:
• Electrical / Electronic Architecture—This segment provides complete design of the vehicle’s electrical architecture,
including connectors, wiring assemblies and harnesses, electrical centers and hybrid high voltage and safety
distribution systems. Our products provide the critical electrical and electronics backbone that supports increased
vehicle content and electrification, reduced emissions and higher fuel economy through weight savings.