DELPHI 2013 Annual Report Download - page 9

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2013 was a banner year for our company. The Delphi
team created significant value for you, our shareholder,
by focusing on what matters — executing industry
leading solutions for customers and consumers making
the world safer, greener and more connected.
What Matters: Solid Financial Accomplishments
We increased our revenue by 6 percent to $16.5 billion.
We delivered margin expansion and double-digit
EPS growth. We were raised to investment grade by
Standard & Poor’s. Our board of directors approved
a payout of Delphi’s first dividend. And, we returned
$668 million to shareholders through both dividends
and share repurchases. We continued to integrate and
leverage our acquired connection system business,
MVL, which I‘m proud to say is running well ahead
of schedule.
Delphi is well positioned for future growth and
profitability. And, I am enthusiastic about the future
of this company and the value that we will bring to
our shareholders in the coming years.
What Matters: Innovations for the Real World
Delphi’s award-winning technology is a major reason
why we are a premier supplier, and we continue to
invest in advancements for the future. We invested
approximately $1.7 billion in engineering and research
in 2013 and hired 1,000 new scientists and engineers,
increasing our ranks at our 15 major technology centers
around the globe.
In 2013, we won an Automotive News PACE Award for
our game-changing common rail for heavy duty diesel.
Delphi has earned 16 PACE Awards — more than any
other company. And, for the past two years, Thomson
Reuters has recognized Delphi as one of the Top 100
Global Innovators.
We also expanded our presence in Silicon Valley to
continue to lead the industry in offering technology
solutions to our customers. We know there is a long list
of companies at the top of the game in the connected
technology space. Delphi is using Delphi Labs @ Silicon
Valley to establish relationships that we believe will lead
to significant future revenue and maintain our status as
a leader in the automotive technology space.
Delphi’s portfolio focuses on the megatrends of Safe,
Green and Connected. We are perfectly situated to
address future demands from governments, customers
and consumers.
In the area of Green, governments around the world
continue to call for improved fuel efficiencies, and
Delphi has developed cutting-edge gas and diesel
fuel injection technologies. In the area of Safe, we are
seeing a rapid acceleration in demand for our active
safety portfolio. In fact, in 2013, we booked over a
billion dollars in new business in this segment — that’s
equal to the bookings from the previous three years
combined. And, the convergence of active safety and
connectivity has made automated driving technically
possible. Although the ramp up to commercialization
7
Letter to Shareholders