WABCO 2017 Annual Report 1 To Our Shareowners Jacques Esculier Chairman of the Board and Chief Executive Officer And in 2017, as WABCO marked its tenth anniversary of listing on the New York Stock Exchange , we continued to accelerate and successfully amplify our value creation strategies to powerful effect. In fact, 2017 was a landmark year for WABCO. Channeling our strategies for technology leadership, globalization and excellence in execution, we successfully penetrated new and exciting sectors. We also secured strategic market and technology acquisitions, and we took bold strides to advance innovations that will enable our industry to operate fully autonomous, connected and green commercial vehicles in the future. What sets WABCO apart is early anticipation of industry dynamics, leading us to sustain our rate of breakthrough innovation. Our rich technology and services portfolio is constantly evolving and expanding to serve both original equipment manufacturers (OEMs) and commercial vehicle fleets globally. During this last decade, WABCO has also established unmatched regional connectivity with customers who increasingly adopt our industry-leading safety and efficiency technologies. We consistently execute with agility and excellence across our industry’s value chain, and further support customers through our comprehensive global aftermarket service network. As WABCO concluded an eleventh consecutive year outperforming the commercial vehicle industry relative to global truck and bus production, we also sustained our track record of efficiently translating this growth into new earnings records for the benefit of our shareowners. For more than a decade WABCO’s relentless passion to differentiate and outperform has delivered superior value to our shareowners.