TRW A UTOMOTIVE H OLDINGS Equity Investment Presentation 1 Richie Hartz Ha Da Jang Diana Yang April 11, 2013

A GENDA 2 I NTRODUCTION C OMPANY I NDUSTRY V ALUATION Introduction Company Overview Industry Overview Stock Performance Financial Analysis Valuation Recommendation

C OMPANY P ROFILE Headquartered in Livonia, Michigan Employs over 66,000 people worldwide Approximately 190 facilities in 25 countries Serves all major OE vehicle manufacturers worldwide Leading developer and supplier of active and passive safety systems Four business segments: Chassis Systems, Occupant Safety Systems, Electronics and Automotive Components 3 Braking Steering OSS (Occupant Safety Systems) Electronics Source: Company Report I NTRODUCTION C OMPANY I NDUSTRY V ALUATION

C OMPANY H ISTORY 4 I NTRODUCTION C OMPANY I NDUSTRY V ALUATION 1958: Ramo-Woolridge Corporation merged into Thompson Products, Inc. 1999: TRW Inc. acquired Lucas Varity plc, expanded auto product offering 2002: TRW Inc. acquired by Northrop Grumman Corp. 2004: TRW Inc. completed IPO on NYSE 2003: Northrop sold TRW Inc.’s automotive operations to an indirect wholly- owned subsidiary of the Company Source: Company Report

S ALES B REAKDOWN 5 I NTRODUCTION C OMPANY I NDUSTRY V ALUATION GeographicCustomerProduct Source: Company Annual Report 2012 Diversified sources of revenue Limited reliance on any single customer, platform or market Global footprint - ability to leverage technology and products across customers and regions Economies of scale – optimize cost structure Breakdown of 2011 Sales of $16.2 bn

P RODUCT S EGMENTS 6 I NTRODUCTION C OMPANY I NDUSTRY V ALUATION Chassis Systems Steering systems Foundation brakes ABS Electronic stability control Chassis aftermarket “Active” Safety 2011 Sales of $16.2 bn “Passive” Safety Electronics Safety electronics Driver assist systems Chassis electronics Powertrain electronics RF products Occupant Safety Systems Airbags Seat belts Steering wheels Automotive Components Body Controls Engine Valves Fasteners Source: Company Annual Report 2012

H ISTORICAL F INANCIALS 7 I NVESTMENT T HESIS C OMPANY I NDUSTRY V ALUATION 12.9% 1.2% Source: Company Annual Report 2012

Company Profile — Competitive Strengths 8 I NTRODUCTION C OMPANY I NDUSTRY V ALUATION Source: BaML 2013 Auto Summit Presentation StrengthsWeaknesses Broad portfolio of active and safety productsCyclical sales and production Diversified customer baseRecent insider selling Consistent delivery of resultsUsable life of vehicles in US is increasing Strong and constant innovationWeak Q – Profit down 16% YoY Cost competitiveness OpportunitiesThreats Continued demand for safety in vehiclesExposure to commodities price fluctuations Growth in emerging marketsProlonged recovery in Europe Long term outlook is positive for production levelsAnti-trust investigations Increased government safety regulationsChanging regulatory environment Expansion through 11 new plants in Exchange rate risk – 71% of sales outside of US

Porter’s Five Forces Threat of New Entrants: Moderate Threat of Substitute Products: High Growing Degree of Outsourcing Bargaining Power of Buyers: High Pricing Pressures Addressed in K Bargaining Power of Sellers: Moderate High Concentration of Sellers Intensity of Competition: High Margin Contraction, Low Growth Potential 9 I NTRODUCTION C OMPANY I NDUSTRY V ALUATION Braking, Steering, and Suspension Segments

G LOBAL O UTLOOK 10 Source: BaML 2013 Auto Summit Presentation I NTRODUCTION C OMPANY I NDUSTRY V ALUATION North AmericaChina & BrazilEurope Expected Global Trends Robust consumer demand is expected to support increased production in North America at a moderate pace Macro economic uncertainties affecting production in Europe Continued expected growth in emerging markets Expected Industry Production Trends (units in millions) Future Growth Drivers Continued importance of safety and fuel efficiency  Adapting with regulatory demands Overall industry recovery  Still below trend levels  Long term outlook remains favorable Keeping up with technological innovation Expanding growth in emerging markets  Increased government regulations (i.e. Brazil)

M ACROECONOMIC I NDICATORS 11 I NTRODUCTION C OMPANY I NDUSTRY V ALUATION Source: Bloomberg

C OMMODITIES 12 (USD/MT) I NTRODUCTION C OMPANY I NDUSTRY V ALUATION Source: Bloomberg

S TOCK P ERFORMANCE 13 Equity Snapshot Price: $ Beta: 2.13 Trailing P/E: 7.13 Forward P/E: 8.53 PEG Ratio (5 yr. expected): 0.78 P/B Ratio: 1.82 Share Repurchase Nov 3 – Nov 30: $ * 1,707,958 shares Dec 1 – Dec 31: $ * 1,604,533 shares Source: Finance.yahoo.com I NTRODUCTION C OMPANY I NDUSTRY V ALUATION

Stock Performance – cont’d 14 Source: Capital IQ I NTRODUCTION C OMPANY I NDUSTRY V ALUATION

Stock Performance – cont’d 15 I NTRODUCTION C OMPANY I NDUSTRY V ALUATION

K EY F INANCIAL R ATIOS 16 Source: Company Report I NTRODUCTION C OMPANY I NDUSTRY V ALUATION

Valuation — WACC Analysis 17 I NTRODUCTION C OMPANY I NDUSTRY V ALUATION

18 I NTRODUCTION C OMPANY I NDUSTRY V ALUATION

Valuation — Trading Comparables 19 I NTRODUCTION C OMPANY I NDUSTRY V ALUATION

R ISKS & D ECISION D RIVERS (1)GICS Diversification (2)Discount to Peers (3)DCF Valuation (1)Consistently Low P/E Ratio (8.5x Forward) (2)Competitive Market Segment (3)Cyclicality (4)Macroeconomic Landscape Risks I NTRODUCTION C OMPANY I NDUSTRY V ALUATION Decision Drivers

R ECOMMENDATION Watch List I NTRODUCTION C OMPANY I NDUSTRY V ALUATION

Questions? TRW Automotive 22