DELPHI 2011 Annual Report Download - page 39

Table of Contents
ITEM 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
The following management's discussion and analysis of financial condition and results of operations ("MD&A") is intended to help you understand the
business operations and financial condition of the Company for the three-year period ended December 31, 2011. This discussion should be read in conjunction
with Item 8. Financial Statements and Supplementary Data. Our MD&A is presented in seven sections:
• Executive Overview
• Consolidated Results of Operations
• Results of Operations by Segment
• Liquidity and Capital Resources
• Off-Balance Sheet Arrangements and Other Matters
• Significant Accounting Policies and Critical Accounting Estimates
• Recently Issued Accounting Pronouncements
Within the MD&A, "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 which was formed on August 19, 2009 for the purpose of acquiring certain assets 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".
Executive Overview
Our Business
We are a leading global vehicle components manufacturer and provide electrical and electronic, powertrain, 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 24 of the 25
largest automotive OEMs in the world.
Business Strategy
We believe the Company is well-positioned for growth from increasing global vehicle production volumes, increased demand for our Safe, Green and
Connected products which are being added to vehicle content, and new business wins with existing and new customers. As a result of the actions taken by the
Predecessor and Delphi's continuing efforts following its acquisition of the majority of the Predecessor's businesses in October 2009, we have substantially
reduced our costs, aligned our product offerings with the faster-growing industry mega trends and re-aligned our manufacturing footprint into an efficient
regional service model, allowing us to increase our profit margins.
Our achievements in 2011 included the following:
• Optimizing our portfolio of 10 business units and 33 product lines around the mega trends of Safe, Green and Connected;
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