WABCO Holdings Inc. (WBC)

Business Update Call

September 8, 2011 9:00 AM ET


Jason Campbell – Director-Financial Reporting & IR

Jacques Esculier – Chairman and CEO

Ulrich Michel – CFO


Jeffrey Hammond – KeyBanc Capital Market

Peter Chang – Credit Suisse

Stephan Tusa – JPMorgan



Good day, ladies and gentlemen, and welcome to the WABCO’s September 2011 Conference Call. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session and instructions will follow at that time (Operator Instructions) As a reminder, this conference is being recorded.

I would now like to introduce your host for today’s conference Jason Campbell, Investor Relations Director. You may begin, sir.

Jason Campbell

Thank you, Jen. Good morning everyone and welcome to WABCO’s September investor conference call. With us this morning is Jacques Esculier, our Chairman and CEO and Uli Michel, our Chief Financial Officer. As a reminder, this call, webcast and the presentation that we are using this morning are available on our website wabco-auto.com under the heading WABCO September 2011 conference call. The replay of this call will be available through September 22.

Also, as shown on chart two of the presentation, certain forward-looking statements that we’ll make today are based on management’s good faith, expectations and beliefs concerning future developments. As you know, actual results may differ materially from these expectations as a result of many factors, examples of which can be found on our company’s form 10-K and quarterly report.

Lastly, some of our remarks contain non-GAAP financial measures as defined by the SEC. Reconciliations of the non-GAAP financial measures for the most comparable GAAP measures are attached as an appendix to this presentation, which is posted on our website.

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