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Adient – PUBLIC FY2025 Third Quarter Earnings Call August 6, 2025
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Adient – PUBLIC Adient has made statements in this document that are forward-looking and, therefore, are subject to risks and uncertainties. All statements in this document other than statements of historical fact are statements that are, or could be, deemed “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. In this document, statements regarding Adient’s expectations for its deleveraging activities, the timing, benefits and outcomes of those activities, as well as its future financial position, sales, costs, earnings, cash flows, other measures of results of operations, capital expenditures or debt levels and plans, objectives, market position, outlook, targets, guidance or goals are forward-looking statements. Words such as “may,” “will,” “expect,” “intend,” “estimate,” “anticipate,” “believe,” “should,” “forecast,” “project” or “plan” or terms of similar meaning are also generally intended to identify forward-looking statements. Adient cautions that these statements are subject to numerous important risks, uncertainties, assumptions and other factors, some of which are beyond Adient’s control, that could cause Adient’s actual results to differ materially from those expressed or implied by such forward-looking statements, including, among others, risks related to the effects of local and national economic, credit and capital market conditions (including the persistence of high interest rates, vehicle affordability and volatile currency exchange rates) on the global economy, uncertainties in U.S. administrative policy regarding trade agreements, tariffs and other international trade relations, automotive vehicle production levels, mix and schedules, as well as the concentration of exposure to certain automotive manufacturers, shifts in market shares among vehicles, vehicle segments or away from vehicles on which Adient has significant content, changes in consumer demand, risks associated with Adient’s joint ventures, volatile energy markets, Adient’s ability and timing of customer recoveries for increased input costs, the availability of raw materials and component products (including components required by Adient’s customers for the manufacture of vehicles), geopolitical uncertainties such as the Ukraine and Middle East conflicts and the impact on the regional and global economies and additional pressure on supply chain and vehicle production, the ability of Adient to effectively launch new business at forecast and profitable levels, the ability of Adient to successfully identify suitable opportunities for organic investment and/or acquisitions and to integrate such investments and/or acquisitions; work stoppages, including due to strikes, supply chain disruptions and similar events, wage inflationary pressures due to labor shortages and new labor negotiations, the ability of Adient to execute its restructuring plans and achieve the desired benefit, the ability of Adient to meet debt service requirements and, terms of future financing, the impact of global tax reform legislation, potential adjustment of the value of deferred tax assets, global climate change and related emphasis on sustainability matters by various stakeholders, and the ability of Adient to achieve its sustainability-related goals, cancellation of or changes to commercial arrangements, and the ability of Adient to identify, recruit and retain key leadership. A detailed discussion of risks related to Adient’s business is included in the section entitled “Risk Factors” in Adient’s Annual Report on Form 10-K for the fiscal year ended September 30, 2024 filed with the U.S. Securities and Exchange Commission (the “SEC”) on November 18, 2024, in Adient’s Quarterly Report on Form 10-Q for the fiscal quarter ended March 31, 2025, and in subsequent reports filed with or furnished to the SEC, available at www.sec.gov. Potential investors and others should consider these factors in evaluating the forward-looking statements and should not place undue reliance on such statements. The forward-looking statements included in this document are made only as of the date of this document, unless otherwise specified, and, except as required by law, Adient assumes no obligation, and disclaims any obligation, to update such statements to reflect events or circumstances occurring after the date of this document. In addition, this document includes certain projections provided by Adient with respect to the anticipated future performance of Adient’s businesses. Such projections reflect various assumptions of Adient’s management concerning the future performance of Adient’s businesses, which may or may not prove to be correct. The actual results may vary from the anticipated results and such variations may be material. Adient does not undertake any obligation to update the projections to reflect events or circumstances or changes in expectations after the date of this document or to reflect the occurrence of subsequent events. No representations or warranties are made as to the accuracy or reasonableness of such assumptions, or the projections based thereon. This document also contains non-GAAP financial information because Adient’s management believes it may assist investors in evaluating Adient’s on-going operations. Adient believes these non-GAAP disclosures provide important supplemental information to management and investors regarding financial and business trends relating to Adient’s financial condition and results of operations. Investors should not consider these non-GAAP measures as alternatives to the related GAAP measures. A reconciliation of non-GAAP measures to their closest GAAP equivalent are included in the appendix. Reconciliations of non-GAAP measures related to FY2025 guidance have not been provided due to the unreasonable efforts it would take to provide such reconciliations. This document also contains the key performance indicator of business performance, which is defined as the difference in period-over-period Adjusted EBITDA excluding production volume/mix, equity income, foreign exchange and net commodity pricing. Management believes this key performance indicator encompasses the significant drivers of the performance of the business that are within management’s ability to influence and may assist investors in evaluating Adient’s on-going operations and provide important supplemental information regarding financial and business trends relating to Adient’s financial condition and results of operations. Investors should not consider this key performance indicator as an alternative to our GAAP financial results. Important Information August 6, 2025FY2025 Third Quarter Earnings Call 2
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Adient – PUBLIC Agenda > Introduction Michael Heifler VP , Investor Relations and Strategy > Business Update Jerome Dorlack President and CEO > Financial Review Mark Oswald Executive VP and CFO > Q&A FY2025 Third Quarter Earnings Call 3
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Adient – PUBLIC > Strong business performance in Q3 drove $24M y-o-y improvement in Adj. EBITDA; Q3 adj. EBITDA margin up 60 bps y-o-y > Based on current policies, tariffs remain manageable > Recognized globally by our customers through various awards: − GAC Toyota – Quality Collaboration Award, GM Supplier Quality Excellence, Ford Supplier of the Year > Adient footprint, capabilities, and proactive approach enabling growth as customers onshore in the U.S.; well-positioned to be a net winner as onshoring is expected to continue − Nissan Rogue (incremental volume), Asia-based OEM SUV (new business win) > Winning diversified new business in all regions, driven by ability to deliver innovative seating solutions to customers. − EMEA had strongest quarter of new business bookings in past 5 years, including conquest and replacement business − Asia continues to grow with key C-OEM customers, including BYD > The company generated solid free cash flow during the quarter, supporting $50M of additional share repurchases in Q3 − YTD share repurchases total $75M, ~4% of total shares outstanding 1 − Adient has reduced its outstanding share count by ~15% 2 since the current share repurchase program began > Adient is raising its FY25 revenue and EBITDA guidance August 6, 2025FY2025 Third Quarter Earnings Call 4 Strong first half momentum carried into Q3 as expected, driving continued improved business performance Key Q3FY25 Financial Metrics Consolidated Net Sales ~$3.7B (up ~1% y-o-y) Adj.-EBITDA $226M (up $24M y-o-y) Free Cash Flow $115M Cash Balance $860M (at June 30, 2025) Gross Debt and Net Debt ~$2.4B and ~$1.5B, respectively Capital Return Q3: $50M; YTD: $75M ~4% of shares outstanding YTD 1 Shares outstanding 84.9M and 81.2M as of Sep. 30, 2024 and Jun. 30, 2025 respectively 2 Shares outstanding 95.4M as of Dec. 31, 2022
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Adient – PUBLIC 5 Regional update AMER Adient continues to consistently execute while demonstrating agility to our customers; well-prepared to capitalize on emerging business opportunities EMEA > Multi-year restructuring plan on track; prudent use of capital > See signs of regional stabilization, expect improved margins in the out years > Several new business awards expected to improve top line performance in the out years Asia > Continued high level of execution > Winning new business with China OEMs > Accelerating growth outside of China > Regional rapid adoption of product innovations enables content growth > Remains a profitable, cash- generative business Americas > Continued strong execution driving improved business performance > Regional margins continue to expand through automation, innovation, continuous improvement actions, VAVE, etc. > Well-positioned to support customer onshoring > Tariff impacts largely mitigated, remain manageable FY2025 Third Quarter Earnings Call August 6, 2025
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Adient – PUBLIC Onshoring growth opportunities in the US August 6, 2025 6FY2025 Third Quarter Earnings Call Adient is well-positioned to be a net beneficiary of customer onshoring Adient advantage from onshoring Identified opportunities where Adient has existing facility close to where customers will onshore Proactively approached customers with solutions to support them as they onshore We estimate ~600K1 annual units could be on- shored to US. We expect to get at least our fair share of this opportunity with minimal incremental investment Adient maintains a competitive advantage with approximately 75% of its total North American production based in the United States, compared to our nearest competitor's production footprint of approximately 55%. Adient plant Asia OEM US OEM 1 Management estimates using customer press releases and July S&P volumes
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Adient – PUBLIC New business wins and launches Electric vehicle * Complete Seat includes JIT/Trim/Foam/Metals August 6, 2025FY2025 Third Quarter Earnings Call 7 New business wins Recent and upcoming launches Adient continues to win key customer programs Mercedes S-Class / S-Class EV JIT Complete SeatJIT, Foam, Trim Complete Seat Asia Complete Seat Asia Asia OEM Compact SUV Nissan Rogue Mercedes VAN C-Large Volvo EX40 BYD Denza D9 Toyota 560B extension and 840D Complete SeatTrim Complete Seat Mercedes Sprinter Front Seat Structure JIT, Foam, Trim, Metals Nissan Leaf NIO ET5 Volvo EX30 JIT, Foam, Trim EMEA
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Adient – PUBLIC 8 Adient operating model allows us to drive shareholder value Consistently strong execution, delivering on our operational and financial commitments Well-positioned for growth Driving value to our customers, reinforcing supplier of choice status Executing on our balanced capital allocation approach Remaining focused to ensure sustainable value for all of Adient’s stakeholders FY2025 Third Quarter Earnings Call August 6, 2025
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Adient – PUBLIC Financial Review FY2025 Third Quarter
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Adient – PUBLIC August 6, 2025 10FY2025 Third Quarter Earnings Call Q3 FY25 key financials 1 On an adjusted basis, see appendix for detail and reconciliation to U.S. GAAP 2 Equity income included in EBIT and EBITDA Q3 FY25 Q3 FY24 Q3 FY25 Q3 FY24 B/(W) Consolidated Sales $ 3,741 $ 3,716 $ 3,741 $ 3,716 1% EBIT $ 118 $ 94 $ 145 $ 126 15% Margin 3.2% 2.5% 3.9% 3.4% EBITDA N/A N/A $ 226 $ 202 12% Margin 6.0% 5.4% Memo: Equity Income 2 $ 17 $ 24 $ 23 $ 23 0% Net Financing Charges $ 51 $ 48 $ 51 $ 48 (6%) Tax Expense $ 7 $ 40 $ 30 $ 30 0% Net Income (Loss) $ 36 $ (11) $ 38 $ 29 31% EPS Diluted $ 0.43 $ (0.12) $ 0.45 $ 0.32 41% $ millions, except per share data As Reported As Adjusted 1
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Adient – PUBLIC Q3 FY25 consolidated and unconsolidated sales Regional Performance (consolidated sales y-o-y growth vs. Q3FY24 by region) 1 Year-over-year decrease of ~9% $3,716 $3,741 $84 $(59) Q3FY24 FX Volume / Pricing Q3FY25 Consolidated sales$ in millions > Americas sales outperformed the market by 300bps, due to favorable volume/mix and full run-rate achieved of key, high volume programs which launched in FY24. > EMEA sales underperformed the broader market mainly due to customer mix and intentional portfolio actions. > Sales in China underperformed industry production primarily due to production declines from our traditional luxury OEMs > Growth in the rest of Asia outpaced the broader market by 700bps, driven by customer launches in H2 FY24 reaching full production volumes Consolidated August 6, 2025FY2025 Third Quarter Earnings Call 11 $909M $825M Q3FY24 Q3FY25 Unconsolidated sales 1 1 FX adjusted 2 Excludes Russia Unconsol. > Americas sales were down y-o-y, driven by JV portfolio rationalization actions > EMEA sales experienced continued growth in our Diniz JV in Turkey > Sales in China were down y-o-y, mainly due to lower sales within our CFAA JV, somewhat offset by increased sales in our Keiper JV Q3 Q3 S&P Production Americas 2% -1% EMEA 2 -7% -2% Asia -1% 6% Note: China -12% 9% Note: Asia excl. China 9% 2% Global Total -2% 3% 1 FX adjusted
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Adient – PUBLIC $202 $226$33 $3 $(7) $(4) $(1) Q3FY24 Business Performance FX Net Commodities Volume/Mix Equity Income Q3FY25 Q3FY25 adjusted EBITDA of $226M, up $24M y-o-y, was primarily driven by: > Improved business performance of $33M, primarily resulting from better net material margin and reduced operating costs including lower launch costs, partially offset by $4M of net tariff headwinds > FX was a slight tailwind of $3M > Net commodity headwind of $7M due to the timing of contractual true ups > Volume and mix was a $4M headwind during the quarter driven primarily by lower y-o-y customer vehicle production in EMEA Q3FY25 adjusted EBITDA Note: Corporate includes central costs that are not allocated back to the operations, currently including executive offices, communications, finance, corporate development, and legal $202 $226 $13 $12 $(4) $3 Q3FY24 Americas Asia EMEA Corp Q3FY25 6.0% 5.4% $ in millions August 6, 2025FY2025 Third Quarter Earnings Call 12
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Adient – PUBLIC Q3FY25 cash flow 1 - CapEx by segment for the quarter: Americas $18M, EMEA $28M, Asia $11M Free Cash Flow August 6, 2025FY2025 Third Quarter Earnings Call 13 Key drivers impacting YTD FY25 FCF: (+) Dividend payment timing (+) Accrued compensation (+) Interest payments (-) Increased levels of restructuring spend, primarily in Europe (-) Net customer tooling, driven by timing of customer launches mainly in Europe (-) Timing and level of VAT tax payments/recoveries (-) Capitalized engineering Memo: At June 30, 2025, ~$168M of factored receivables (vs. ~$170M at Sep. 30, 2024). Adient uses various global factoring programs as a low-cost source of liquidity. Adjusted EBITDA to Free Cash Flow (in $ millions) 2025 2024 2025 2024 Adjusted-EBITDA 226$ 202$ 655$ 645$ Adjusted Equity Income (23) (23) (63)$ (67) Dividend 20 25 72 46 Restructuring (34) (12) (101) (33) Net Customer Tooling (31) (15) (49) (13) Trade Working Capital (Net AR/AP + Inventory) 42 11 50 46 Accrued Compensation 53 9 22 (41) Interest paid (55) (56) (142) (153) Taxes paid (31) (24) (70) (76) Non-income related taxes (VAT) (34) (1) (52) (22) Commercial settlements 41 22 13 14 Net Capitalized Engineering (23) 5 (35) (6) Other 21 15 (64) (60) Operating Cash flow 172$ 158$ 236$ 280$ (-) CapEx 1 (57) (70) (166) (194) Free Cash flow 115$ 88$ 70$ 86$ Q3 YTD
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Adient – PUBLIC Debt and capital structure June 30 September 30 (in $ millions) 2025 2024 Cash 860$ 945$ Total Debt 2,394 2,405 Net Debt 1,534$ 1,460$ Net Debt > Total liquidity of ~$1.7B at June 30, 2025 (cash on hand of ~$860M and ~$872M of undrawn capacity under the revolving line of credit) > Adient returned $50M to its shareholders in Q3FY25, repurchasing ~2.8M shares - $75M share repurchases YTD, ~4% total reduction in shares outstanding YTD - $185M out of initial $600M share repurchase authorization remaining with no expiration date > Adient’s net leverage ratio on a TTM basis is 1.7x, within the targeted range of 1.5x-2.0x 1 1 See appendix for reconciliation to non-GAAP metrics August 6, 2025FY2025 Third Quarter Earnings Call 14 ($ in millions) 6/30/2025 Cash & Debt Profile Amount Cash & Cash Equivalents 860 ABL Revolver, incl. FILO due 2027 (1) -$ Term Loan B due 2031 627 7.000% Secured Notes due 2028 500 Total Secured Debt 1,127 8.250% Notes due 2031 500 7.500% Notes due 2033 795 Other LT debt 5 Deferred issuance costs (33) Total Debt 2,394 (1) Subject to ABL borrowing base availability. As of June 30, 2025, there were no draws outstanding and approximately $872 million was available under the ABL Credit Agreement.
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Adient – PUBLICFY2025 Third Quarter Earnings Call 15 FY25 Outlook update Reconciliations of non-GAAP measures related to FY2025 guidance have not been provided due to the unreasonable efforts it would take to provide such reconciliations Given our strong financial performance year-to-date, Adient is raising FY25 revenue and Adj.-EBITDA guidance; expects continued strong business performance Cash taxes ~$260M (previous ~$285M) ~$150M-$170M (no change) ~$190M (no change) ~$100M (down from ~$105M) ~$875M (previous ~$850M) ~$75M (previous $80M) ~$14.4B (previous ~$13.9B) Capex Free cash flow Adj.-EBITDA Equity income Incl. in Adj.-EBITDA Interest expense Consolidated revenue > Guidance assumes no change to current tariff policies; most tariff costs are resolved and no meaningful decline in previously forecasted volumes from tariffs > Based on ADNT’s solid performance through the first three quarters of FY25, the company is raising its revenue and Adj.-EBITDA outlook - Revised revenue guidance reflects current production schedules and FX - Adj.-EBITDA guidance reflects current volume outlook and current tariff policy impacts - We expect positive business performance in Q4 - CAPEX outlook is lower as the team is driving incremental efficiencies - No change to free cash flow outlook given uncertainty around the timing of customer recoveries, and elevated restructuring, likely greater than $130M for FY25 August 6, 2025 Key currencies FY25 forecast Euro $1.17 / € Chinese RMB ¥7.16 / $
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Adient – PUBLIC Appendix and financial reconciliations FY2025 Third Quarter
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Adient – PUBLIC $20 $2 $(4) $(4) $(1) Q3FY24 Business Performance Volume/Mix Net Commodities FX Equity Income Q3FY25 $99 $112 Q3FY25 adjusted EBITDA of $112M, up $13M y-o-y, driven by: > Improved business performance of $20M, primarily driven by favorable commercial actions, lower operating expenses and lower launch costs, partially offset by a $4M net tariff headwinds and lower net engineering recoveries y-o-y > Volume/mix was slightly favorable y-o-y mainly due to higher volumes > Commodities were a slight headwind of $4M during the quarter, primarily due to the timing of contractual true-ups > Transactional FX, net of hedging, was a $4M headwind y-o-y related to the peso 5.7% $ in millions August 6, 2025FY2025 Third Quarter Earnings Call 17 6.4% $43 $20 $(22) $(7) $(2) YTD Q3FY24 Business Performance Volume / Mix Net Commodities FX Equity Income YTD Q3FY25 $259 $291 YTD View 5.1% 5.7% Q3FY25 Adjusted-EBITDA: Americas
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Adient – PUBLIC Q3FY25 Adjusted-EBITDA: EMEA Q3FY25 adjusted EBITDA of $21M, down $4M y-o-y, driven by: > Business performance was favorable $6M y-o-y, mainly due to improved net material margin and input costs > Volume and mix was down $5M y-o-y resulting from lower customer production volumes > Commodities were a headwind of $3M during the quarter, primarily due to the timing of contractual true-ups > FX was slightly unfavorable by $2M y-o-y, primarily driven by transactional exposure from the Polish zloty 2.5% $ in millions August 6, 2025FY2025 Third Quarter Earnings Call 18 $25 $21 $6 $(5) $(3) $(2) Q3FY24 Business Performance Volume / Mix Net Commodities FX Q3FY25 1.7% 1.9% $127 $93 $24 $1 $(40) $(11) $(8) YTD Q3FY24 Business Performance Equity Income Volume/Mix FX Net Commodities YTD Q3FY25 YTD View 3.2% 2.6%
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Adient – PUBLIC Q3FY25 Adjusted-EBITDA: Asia Q3FY25 adjusted EBITDA of $113M, up $12M y-o-y, driven by: > Improved business performance of $7M during the quarter, mainly due to lower operating expenses and lower launch costs y-o-y > FX was a $6M tailwind y-o-y due to the transactional impacts of Asian currencies, and the translational effects vs. the USD > Volume and mix was down slightly by $1M headwind within the quarter due to lower sales in China which were offset by higher y-o-y sales in the rest of Asia $ in millions August 6, 2025FY2025 Third Quarter Earnings Call 19 $101 $113 $7 $6 $(1) Q3FY24 Business Performance FX Volume/Mix Q3FY25 14.2% 15.7% YTD View $327 $334 $26 $13 $(29) $(3) YTD Q3FY24 Business Performance FX Volume/Mix Equity Income YTD Q3FY25 14.7% 15.2%
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Adient – PUBLIC Adjusted EBIT, adjusted EBIT margin, adjusted EBITDA, adjusted EBITDA margin, adjusted net income attributable to Adient, adjusted effective tax rate, adjusted earnings per share, adjusted equity income, adjusted interest expense, free cash flow, net debt, and net leverage ratio as well as other measures presented on an adjusted basis are not recognized terms under U.S. GAAP and do not purport to be alternatives to the most comparable U.S. GAAP amounts. Since all companies do not use identical calculations, our definition and presentation of these measures may not be comparable to similarly titled measures reported by other companies. Management uses the identified non-GAAP measures to evaluate the operating performance of Adient and its business segments and to forecast future periods. Management believes these non-GAAP measures assist investors and other interested parties in evaluating Adient's on-going operations and provide important supplemental information to management and investors regarding financial and business trends relating to Adient's financial condition and results of operations. Investors should not consider these non-GAAP measures as alternatives to the related GAAP measures. Reconciliations of non-GAAP measures to their closest U.S. GAAP equivalent are presented in the corresponding tables that follow the definitions below. Reconciliations of non-GAAP measures related to guidance for any future period have not been provided due to the unreasonable efforts it would take to provide such reconciliations. (a) Adjusted EBIT is defined as earnings before income taxes and noncontrolling interests excluding net financing charges, re structuring, impairment and related costs, purchase accounting amortization, transaction gains/losses, other significant non-recurring items, and net mark-to-market adjustments on pension and postretirement plans. Adjusted EBIT margin is adjusted EBIT as a percentage of net sales. (b) Adjusted EBITDA is defined as adjusted EBIT excluding depreciation and equity based compensation. Certain corporate -related costs are not allocated to the business segments in determining adjusted EBITDA. Adjusted EBITDA margin is adjusted EBITDA as a percentage of net sales. (c) Adjusted net income attributable to Adient is defined as net income (loss) attributable to Adient excluding restructuring, impairment and related costs, purchase accounting amortization, transaction gains/losses, other significant non-recurring items, net mark-to-market adjustments on pension and postretirement plans, the tax impact of these items and other discrete tax charges/benefits. (d) Adjusted income tax expense is defined as income tax expense adjusted for the tax effect of the adjustments to income before income taxes and other discrete tax changes/benefits. Adjusted effective tax rate is defined as adjusted income tax provision as a percentage of adjusted income before income taxes. (e) Adjusted diluted earnings per share is defined as adjusted net income attributable to Adient divided by diluted weighted average shares. (f) Adjusted equity income is defined as equity income excluding amortization of Adient's intangible assets related to its non-consolidated joint ventures and other unusual or non-recurring items impacting equity income. (g) Adjusted interest expense is defined as net financing charges excluding unusual or one-time items impacting interest expense. (h) Free cash flow is defined as cash provided by operating activities less capital expenditures. (i) Net debt is calculated as total debt (short-term and long-term) less cash and cash equivalents. (j) Net leverage ratio is calculated as net debt divided by adjusted EBITDA for the last four quarters. (k) FX adjusted sales is defined as Adient’s prior year sales adjusted for the impact of foreign exchange rate fluctuations. Non-GAAP financial measurements and pro-forma reconciliations August 6, 2025FY2025 Third Quarter Earnings Call 20
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Adient – PUBLIC August 6, 2025FY2025 Third Quarter Earnings Call 21 Non-GAAP reconciliations – EBIT, adj.-EBIT, adj.-EBITDA, and adj.- net income
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Adient – PUBLIC Non-GAAP reconciliations – adj. income tax expense and effective tax rate August 6, 2025FY2025 Third Quarter Earnings Call 22
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Adient – PUBLIC Non-GAAP reconciliations – adj. EPS and adj.-equity income August 6, 2025FY2025 Third Quarter Earnings Call 23
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Adient – PUBLIC Non-GAAP reconciliations – adj. interest expense, free cash flow, net debt leverage ratio August 6, 2025FY2025 Third Quarter Earnings Call 24
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Adient – PUBLIC Non-GAAP reconciliations – consolidated & unconsolidated sales (FX adj.) August 6, 2025FY2025 Third Quarter Earnings Call 25 (k) FX adj. sales (in $ millions) Unconsolidated Net Sales Q1 Q2 Q3 Q4 FY2024 As reported 1,037$ 901$ 925$ 2,863$ FX Impact (15) (29) (16) - (60)$ FX Adjusted 1,022 872 909 2,803 Unconsolidated Sales (FX adjusted) (in $ millions) Consolidated Net Sales Q1 Q2 Q3 Q4 FY2024 As reported 3,660$ 3,750$ 3,716$ 11,126$ FX Impact (5) (49) 84 30$ FX Adjusted 3,655 3,701 3,800 - 11,156 Consolidated Sales (FX adjusted)
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Adient – PUBLIC Segment Performance August 6, 2025FY2025 Third Quarter Earnings Call 26 Americas EMEA Asia Corporate/ Eliminations Consolidated Americas EMEA Asia Corporate/ Eliminations Consolidated Net Sales 1,647 1,268 770 (25) 3,660 1,611 1,129 772 (17) 3,495 Adjusted EBITDA 80 45 114 (23) 216 85 22 111 (22) 196 Adjusted Equity Income 1 4 20 - 25 - 5 16 - 21 Depreciation 34 27 11 - 72 31 27 11 - 69 Capex 21 24 10 - 55 27 27 10 - 64 Americas EMEA Asia Corporate/ Eliminations Consolidated Americas EMEA Asia Corporate/ Eliminations Consolidated Net Sales 1,660 1,370 742 (22) 3,750 1,699 1,231 707 (26) 3,611 Adjusted EBITDA 80 57 112 (22) 227 94 50 110 (21) 233 Adjusted Equity Income 1 4 14 - 19 - 3 16 - 19 Depreciation 30 28 12 - 70 30 26 11 - 67 Capex 26 23 20 - 69 15 20 10 - 45 Americas EMEA Asia Corporate/ Eliminations Consolidated Americas EMEA Asia Corporate/ Eliminations Consolidated Net Sales 1,737 1,288 712 (21) 3,716 1,760 1,268 721 (8) 3,741 Adjusted EBITDA 99 25 101 (23) 202 112 21 113 (20) 226 Adjusted Equity Income - 4 19 - 23 - 5 18 - 23 Depreciation 31 29 11 - 71 33 26 12 - 71 Capex 25 32 13 - 70 18 28 11 - 57 Americas EMEA Asia Corporate/ Eliminations Consolidated Americas EMEA Asia Corporate/ Eliminations Consolidated Net Sales 5,044 3,926 2,224 (68) 11,126 5,070 3,628 2,200 (51) 10,847 Adjusted EBITDA 259 127 327 (68) 645 291 93 334 (63) 655 Adjusted Equity Income 2 12 53 - 67 - 13 50 - 63 Depreciation 95 84 34 - 213 94 79 34 - 207 Capex 72 79 43 - 194 60 75 31 - 166 YTD 2024 YTD 2025 Q3 2024 Q3 2025 Q1 2024 Q1 2025 Q2 2024 Q2 2025
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Adient – PUBLIC Non-GAAP reconciliation – footnote addendum August 6, 2025FY2025 Third Quarter Earnings Call 27