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Adient – PUBLIC FY25 Fourth Quarter Earnings Call November 5, 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 June 30, 2025 filed with the SEC on August 6, 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 FY26 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 November 5, 2025FY25 Fourth Quarter Earnings Call 2
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Adient – PUBLIC Agenda > Introduction Linda Conrad VP , Investor Relations and FP&A > Business Update Jerome Dorlack President and CEO > Financial Review Mark Oswald Executive VP and CFO > Q&A FY25 Fourth Quarter Earnings Call 3
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Adient – PUBLICFY25 Fourth Quarter Earnings Call 4 Solid finish to the year, underpinned by strong business performance Key full year FY25 Financial Metrics Consolidated Revenue ~$14.5B (down 1% y-o-y) Adj.-EBITDA $881M (flat y-o-y) Free Cash Flow $204M Cash Balance $958M (at September 30, 2025) Gross Debt and Net Debt ~$2.4B and ~$1.4B, respectively Capital Return $125M ~7% of shares repurchased in FY25 1 1 Shares outstanding 84.9M and 79.2M as of Sep. 30, 2024 and Sep. 30, 2025, respectively > Consolidated Sales of $3.7B (up 4% y-o-y) and Adjusted EBITDA and margin of 226M and 6.1%, respectively > Strong free cash flow generation of $134M during the quarter > Continued share repurchases, $50M stock buyback in Q4 > Post Q4 – Amended and extended the ABL revolver Q4 FY25 > Consolidated Sales of $14.5B and Adjusted EBITDA and margin of $881M and 6.1%, respectively > Solid free cash flow generation of $204M > Strong execution in a challenging macro environment > Delivered on our commitment to expand margins despite lower customer production volumes and the impact of tariffs > Reduced shares outstanding by ~7% from beginning of FY25 Full year FY25 November 5, 2025
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Adient – PUBLIC > Exceptional execution of the day-to-day processes (launch execution, cost/operational improvement, etc.) > Reinforced our supplier of choice status through significant business wins (replacement, new and conquest) including: - Next generation F-150 (JIT and foam – replacement; trim – conquest) - Winning additional business with domestic market leaders in China ($1.4B new business booked in Asia; ~70% of new business booked in China won with C-OEMs) - Significant wins in Europe (conquest and replacement) that will stabilize and expand top line in the region in the coming years > Advanced innovation and automation efforts that will further position Adient for sustained success > Multi-year restructuring plan in Europe is well under way FY25 Fourth Quarter Earnings Call Continued to build a strong foundation for the future Adient is entering FY26 from a position of strength – the company’s operating model is resilient and designed to help mitigate industry headwinds 5 November 5, 2025 5
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Adient – PUBLIC Key replacement business and conquest wins; upcoming launches underpin supplier of choice status New Business Launches Complete Seat System: JIT/Trim/Foam/Metals November 5, 2025FY25 Fourth Quarter Earnings Call 6 Chery KP31 Pickup truck Complete Seat BYD Seagull Trim Mercedes GLE/GLE EQ & GLS Metals Ford F-150 JIT, Foam, Trim Volvo ES90 Complete Seat Asia Proton Saga MC3 Complete Seat Asia NIO ONVO L90 Complete Seat Asia Stellantis Citroën CR3 JIT, Foam, Trim EMEA Asia OEM Full-size SUV JIT, Foam, Trim Hyundai Kia Kia Ceed Complete Seat EMEA
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Adient – PUBLIC Z-Guard, co-developed with Autoliv - Increased occupant out-of-position protection to address evolving consumer demands on deep reclining seats - Technology enabled Adient to secure a conquest win in Asia with a significant global OEM launching in 2027 - Enhanced safety features November 5, 2025FY25 Fourth Quarter Earnings Call 7 Driving growth through creative design solutions and innovation - Adient partnered with our customer to develop robust design solutions to improve overall seating system craftsmanship and enhance consumer appeal - Demonstrated design expertise resulting in conquest trim business win Winning with innovation Winning with value creation – next generation F-150
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Adient – PUBLIC Expanding our world-class partnerships in China > Signed an agreement to establish a partnership with a local Chinese seating supplier which has strong Chinese OEM business > Key benefits: > New business opportunities to grow market share within the domestic China market > Expansion of our footprint to support new customers > Enhanced product development and innovation > Targeted to close in Q1 FY26 8 Building strategic relationships to drive growth November 5, 2025FY25 Fourth Quarter Earnings Call
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Adient – PUBLIC November 5, 2025FY25 Fourth Quarter Earnings Call 9 Adient’s end-to-end innovation delivers sustainable value Automation by design >Hands-on collaboration with customers up front on product design >Optimizing plant layouts to allow for more efficient automation >Enabling long distance JIT and modularity Process innovation >Smart manufacturing, relax oven - Improved quality - Energy efficiency - Labor optimization Product innovation >Deep recline mechanical massage seats - Superior comfort and occupant fatigue relief - Industry leading safety and durability - 2 programs in production Design innovation >Sculpted trim (launching Q2 FY26) - Design flexibility - Superior craftsmanship - Labor optimization From ideation to implementation, Adient is pioneering seating solutions for today and tomorrow
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Adient – PUBLIC Americas > Strong business performance > New business wins, including onshoring > Higher growth investment to support increases in new and conquest wins > Vehicle production uncertainty > Tariff policy changes EMEA > Several key launches planned for FY26 > Continuing to drive improved business performance > Balance in / balance out tailwind begins (impact slightly muted with program extensions) > Execution of multi- year restructuring plan Asia > Expected growth over market > Continued customer mix shift > Manageable margin compression driven by mix shift > Strong earnings and cash generation November 5, 2025FY25 Fourth Quarter Earnings Call 10 Looking ahead to FY26 FY26 Drivers / Initiatives - Winning new and replacement business as supplier of choice - Driving business performance - Excellence in execution (i.e., launches) - Investing in innovation and automation Executing on what we can control Aggressively managing what we cannot control - Y-o-y volume declines in North America, Europe and Asia - F-150 downtime - Tariff policy changes, potential chip shortages, etc.
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Adient – PUBLIC November 5, 2025 11FY25 Fourth Quarter Earnings Call Driving value for all Adient’s stakeholders Adient’s resilient operating model has positioned company for long-term, sustainable success Multi-year restructuring plan in Europe is continuing to make progress Underperforming legacy contracts reaching end of life Leveraging world-class footprint to service our customers around the globe FCF generation and disciplined capital allocation High volume replacement business and multiple conquest wins reinforcing supplier of choice status Innovative technologies and investment in our future
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Adient – PUBLIC Financial Review FY25 Fourth Quarter
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Adient – PUBLIC Q4 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 NM-Measure not meaningful metric or comparison November 5, 2025FY25 Fourth Quarter Earnings Call 13 Q4 FY25 Q4 FY24 Q4 FY25 Q4 FY24 B/(W) Consolidated Sales $ 3,688 $ 3,562 $ 3,688 $ 3,562 4% EBIT $ 120 $ 130 $ 142 $ 160 (11%) Margin 3.3% 3.6% 3.9% 4.5% EBITDA N/A N/A $ 226 $ 235 (4%) Margin 6.1% 6.6% Memo: Equity Income 2 $ 8 $ 25 $ 8 $ 24 (67%) Net Financing Charges $ 49 $ 50 $ 49 $ 50 2% Tax Expense (benefit) $ 26 $ (36) $ 30 $ 27 (11%) Net Income $ 18 $ 79 $ 42 $ 59 (29%) EPS Diluted $ 0.22 $ 0.91 $ 0.52 $ 0.68 (24%) $ millions, except per share data As Reported As Adjusted 1
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Adient – PUBLIC FY25 full-year 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 NM-Measure not meaningful metric or comparison November 5, 2025FY25 Fourth Quarter Earnings Call 14 FY25 FY24 FY25 FY24 B/(W) Consolidated Sales $ 14,535 $ 14,688 $ 14,535 $ 14,688 (1%) EBIT $ 115 $ 343 $ 570 $ 564 1% Margin 0.8% 2.3% 3.9% 3.8% EBITDA N/A N/A $ 881 $ 880 0% Margin 6.1% 6.0% Memo: Equity Income 2 $ 68 $ 90 $ 71 $ 91 (22%) Net Financing Charges $ 193 $ 189 $ 191 $ 188 (2%) Tax Expense $ 103 $ 32 $ 119 $ 114 (4%) Net Income (loss) $ (281) $ 18 $ 161 $ 166 (3%) EPS Diluted $ (3.39) $ 0.20 $ 1.93 $ 1.84 5% $ millions, except per share data As Reported As Adjusted 1
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Adient – PUBLIC Q4 FY25 consolidated and unconsolidated sales Regional Performance (consolidated sales y-o-y growth vs. Q4 FY24 by region) 1 Q4 y-o-y decrease of ~4% $3,562 $3,688 $74 $52 Q4FY24 FX Volume / Pricing Q4FY25 Consolidated sales$ in millions > Americas sales outperformed the market by 100 bps due to favorable volume/mix and full run-rate achievement on key, high volume programs which launched in FY24 > EMEA sales underperformed the broader market by 400 bps mainly due to customer mix and intentional portfolio actions > Sales in China underperformed industry production primarily due to production declines from our premium OEM customers > The rest of Asia outgrew the broader market y-o-y due to customer launches in FY24 H2 reaching full production volumes Consolidated November 5, 2025FY25 Fourth Quarter Earnings Call 15 1 FX adjusted 2 Excludes Russia Unconsol. > Americas sales were down y-o-y, driven by JV portfolio rationalization actions > EMEA sales experienced growth y-o-y primarily in our Diniz JV in Turkey > China sales were slightly up y-o-y in Q4, mainly due to increased sales in our KEIPER JV 1 FX adjusted Q4 Q4 S&P Production Americas 4% 3% EMEA 2 -3% 1% Asia 1% 6% Note: China -2% 10% Note: Asia excl. China 4% 1% Global Total 1% 5% $908M $869M Q4 FY24 Q4 FY25 Unconsolidated sales 1
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Adient – PUBLIC $235 $226 $4 $2 $1 $(1) $(15) Q4FY24 FX Net Commodities Business Performance Volume/Mix Equity Income Q4FY25 Q4 FY25 Adjusted EBITDA of $226M, down $9M y-o-y, primary drivers include: > Favorable business performance due to lower labor and overhead costs and net material margin, as well as net tariff recoveries ($4M in Q4 FY25), mostly offset by timing fluctuations of commercial recoveries > Net commodities provided a modest tailwind of $2M reflecting the timing of contractual pricing adjustments > Lower equity income of $15M y-o-y, reflecting the impact of the KEIPER JV supply agreement modifications partially offset by favorable cost impacts in business performance for both the Americas and EMEA Q4 FY25 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 $235 $226 $3 $(5) $(6) $(1) Q4FY24 EMEA Americas Asia Corp Q4FY25 6.1% 6.6% $ in millions November 5, 2025FY25 Fourth Quarter Earnings Call 16
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Adient – PUBLIC $880 $881 $99 $(1) $(19) $(28) $(50) FY 2024 Business Performance FX Equity Income Net Commodities Volume / Mix FY 2025 FY25 Adjusted EBITDA of $881M was relatively flat y-o-y, primary drivers include: > Favorable business performance of $99M (including $17M of net tariff expense) reflecting operational efficiencies, our commitment to continuous improvement and lower launch expenses y-o-y > Unfavorable volume/mix of $50M y-o-y, reflecting lower customer production volumes in Europe and customer mix headwinds in Asia, partially offset by favorable volume/mix in the Americas > Net commodities headwinds of $28M primarily resulting from timing of recoveries > Lower equity income of $19M y-o-y primarily due to the impact of the KEIPER JV supply agreement modifications, which is partially offset in the Americas and EMEA with favorable business performance Full year FY25 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 $880 $881 $27 $1 $(31) $4 FY 2024 Americas Asia EMEA Corp FY 2025 6.1%6.0% $ in millions November 5, 2025FY25 Fourth Quarter Earnings Call 17
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Adient – PUBLIC Q4 FY25 and full year FY25 cash flow 1 - CapEx by segment for the quarter: Americas $32M, EMEA $30M, Asia $15M, Central $2M CapEx by segment for full year FY25: Americas $86M, EMEA $104M, Asia $46M, Central $9M Free Cash Flow November 5, 2025FY25 Fourth Quarter Earnings Call 18 Key drivers impacting full year FY25 FCF: (+) Timing benefits associated with dividend payments from China (+) FY26 pull ahead actions (~$30M) (-) Net customer tooling, driven by timing of customer launches mainly in Europe (-) Increased levels of restructuring spend, primarily in Europe Memo: At Sep. 30, 2025, ~$185M 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) Q4 FY25 Full Year Q4 FY24 Full Year Adjusted-EBITDA 226$ 881$ 235$ 880$ Adjusted Equity Income (8) (71) (24) (91) Dividend 28 100 25 71 Restructuring (30) (131) (19) (52) Net Customer Tooling (2) (51) 46 33 Trade Working Capital (Net AR/AP + Inventory) (28) 22 (5) 41 Accrued Compensation 13 35 9 (32) Interest paid (46) (188) (42) (195) Taxes paid (22) (92) (20) (96) Non-income related taxes (VAT) 40 (12) 4 (18) Commercial settlements 43 56 42 56 Net Capitalized Engineering (9) (44) (27) (33) Other 9 (56) 39 (21) Operating Cash flow 213$ 449$ 263$ 543$ (-) CapEx 1 (79) (245) (72) (266) Free Cash flow 134$ 204$ 191$ 277$ FY25 FY24
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Adient – PUBLIC Debt and capital structure September 30 September 30 (in $ millions) 2025 2024 Cash 958$ 945$ Total Debt 2,397 2,405 Net Debt 1,439$ 1,460$ Net Debt 1 See appendix for reconciliation to non-GAAP metrics November 5, 2025FY25 Fourth Quarter Earnings Call 19 $1,000 $626 $500 $1,250 $500 $795 2026 2027 2028 2029 2030 2031 2032 2033 Debt Maturity Profile 7.500% Senior Notes 8.250% Senior Notes Term Loan B 7.000% Senior Secured Notes ABL Availability > Total liquidity of ~$1.8B at September 30, 2025 (cash on hand of ~$958M and ~$814M of undrawn capacity under the revolving line of credit) > Adient returned $50M to its shareholders in Q4 FY25, repurchasing ~2.8M shares - $125M of share repurchases for full year 2025, ~7% total reduction in shares outstanding - $135M out of initial $600M share repurchase authorization remaining with no expiration date > Successfully amended and extended ADNT’s ABL post quarter -end > Adient’s net leverage ratio on a TTM basis is 1.6x, within the targeted range of 1.5x-2.0x 1 ($ in millions) 9/30/2025 Cash & Debt Profile Amount Cash & Cash Equivalents 958$ ABL Revolver, incl. FILO due 2027 (1) - Term Loan B due 2031 626 7.000% Secured Notes due 2028 500 Total Secured Debt 1,126 8.250% Notes due 2031 500 7.500% Notes due 2033 795 Other LT debt 5 Other Bank Borrowings 2 Deferred issuance costs (31) Total Debt 2,397$ (1) Subject to ABL borrowing base availability. As of September 30, 2025, there were no draws outstanding and approximately $814 million was available under the ABL Credit Agreement.
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Adient – PUBLIC Financial Outlook FY26
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Adient – PUBLIC (units in millions) FY25 S&P actual FY26 S&P forecast y-o-y ∆ ADNT FY26 projected sales y-o-y % (FX adj.) N. America 15.3 14.6 (4)% (6)% Europe 15.5 15.2 (2)% (5)% China 32.5 31.4 (3)% 12% Global 92.1 90.5 (2)% (3)% (October S&P Global estimates) Note: Light vehicle production only Vehicle production assumptions Declining production volumes have significant impact on FY26 (key assumptions) Adient expected to drive positive business performance to aggressively mitigate headwinds Key currencies FY26 forecast Euro $1.17 / € Chinese RMB ¥7.13 / $ Mexican Peso1 18.356 / $ 1 Effective rate differs due to hedging policy November 5, 2025FY25 Fourth Quarter Earnings Call 21 > Assumed production volumes are expected to be the most significant driver for FY26 > Y-O-Y declines currently forecasted for all major regions (despite fairly stable macroeconomic conditions) > Revenue headwinds of ~$650M in North America and Europe partially offset by favorability in APAC > Significant F-150 downtime expected to impact Q1 FY26
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Adient – PUBLIC 22 FY26 Sales and Adjusted EBITDA: Year-Over-Year Drivers FY25 Fourth Quarter Earnings Call November 5, 2025 Key Sales Drivers: > Volume declines y-o-y driven by assumed customer production in all regions, but most significantly in North America (down ~4%) > Favorable impact of foreign exchange rates especially in Europe mask overall volume headwinds > With flat y-o-y Adient volumes, FY26 revenue would be estimated at $14.8B Key Adjusted EBITDA Drivers: > Business performance is net of ~$35M of investment in launch and new program engineering to support future out-year growth > Exchange rate tailwinds benefit topline with modest impact on Adjusted EBITDA > With flat y-o-y Adient volumes, Adjusted EBITDA and margin would grow to ~$925M and ~6.3%, respectively $(480) $350 FY25 Vol / mix Vol Adj FX FY26 $ in millions Sales $14.5B $14.4B $14.8B Est. @ Flat Y-O-Y volumes $(126) $755 $15 $75 $845 $881 $925 FY25 Vol / mix Vol Adj FX Bus Perf FY26 $ in millions Adjusted EBITDA 6.1% 6.3% 5.9% Est. @ Flat Y-O-Y volumes 5.4% $14.1B
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Adient – PUBLIC 23 FY26 Free cash flow influenced by certain non-recurring items and increased growth investment FY25 Fourth Quarter Earnings Call November 5, 2025 Non-Recurring / Temporary Influences > FY25 FCF exceeded expectations due to ~$30M of pull ahead from FY26 primarily driven by customer related actions > $20M associated with a potential tax settlement > Elevated restructuring expected to trend to normalized levels after FY26 Growth Investments > $85M investment for the future: - $35M in launch and new program engineering (Adj. EBITDA) - ~$50M of capex associated with future programs and innovation to drive growth over market > Growth investment expected to increase margins and generate free cash flow in the out years $204 $(30) $(85) $(20) $21 $90 $170 FY25 Timing Growth Taxes Other FY26 $ in millions Free Cash Flow* Est. @ Flat Y-O-Y volumes Adient’s solid cash flow generation is being managed to deliver both near and long-term success * FCF excludes ~$85M of dividends paid to Adient’s non-controlling interest (NCI)
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Adient – PUBLIC FY26 Outlook – key financial metrics • Reconciliations of non-GAAP measures related to FY26 guidance have not been provided due to the unreasonable efforts it would take to provide such reconciliations. • Guidance assumes no change to current tariff policies, most tariff costs are resolved, and no meaningful decline in previously forecasted volumes from tariffs. > Sales expected to be ~$14.4B, driven by lower expected production volumes in all regions partially offset by growth over market in APAC > Adjusted EBITDA expected to be ~$845M as significant business performance, despite a meaningful investment to fund future growth, only partially offsets volume headwinds > Equity income flat y-o-y > Interest expense forecast at ~$185M based on the company’s debt and cash position (cash interest expected at ~$190M) > Cash taxes forecast at ~$125M (temporarily elevated in FY26 due to a potential tax audit settlement (non-recurring)) > Capital expenditures primarily driven by customer launch plans and investment in innovation and automation > Free cash flow forecast of ~$90M impacted by a timing shift into FY25, increases in growth and technology spending and a significant one-time cash tax outflow Despite lower customer production volumes, Adient expects to deliver strong business performance in FY26 ~$845M ~$300M ~$90M ~$185M ~$125M ~$70M ~$14.4B November 5, 2025FY25 Fourth Quarter Earnings Call 24 ~$170M ~$14.8B ~$925M Oct. S&P volumes Est. @ flat Adient y-o-y volume Adjusted EBITDA Equity income Incl. in Adj.-EBITDA Consolidated sales Capex Free Cash Flow Cash Taxes Interest Expense
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Adient – PUBLIC November 5, 2025FY25 Fourth Quarter Earnings Call 25 Capital allocation – firmly committed to executing our balanced plan Share repurchases > Since FY23, the company has repurchased ~17.3M shares using ~$465M of cash Strong cash position > Finished FY25 with $958M of cash on the balance sheet Efficient cash management > Previous actions executed to reduce level of cash needed to run the business > (Approximatley $800M needed for day-to-day operations) Near-term and post FY26 opportunities > Ample opportunity to continue repurchases and/or debt paydown in FY26 > Cadence influenced by overall macro environment, seasonality of cash flow, etc. > Post 2026 improved cash generation profile expected to support increased returns to Adient stakeholders
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Adient – PUBLIC Appendix and Financial Reconciliations FY25 Fourth Quarter
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Adient – PUBLIC Q4 FY25 and full year FY25 Adjusted EBITDA: Americas Q4 FY25 Adjusted EBITDA of $111M, down $5M y-o-y, driven by: > Transactional FX, net of hedging, was a $4M tailwind y-o-y related to the peso > Net commodities were a $6M headwind during the quarter, primarily due to the timing of contractual true-ups FY25 Adjusted EBITDA of $402M, up $27M y-o-y, primarily due to: > Business performance was a $41M tailwind during the year, driven by favorable commercial actions, lower launch costs, and lower input costs y-o-y, partially offset by net tariff impact of $17M > Volume/mix was a $19M tailwind during the year due to slow ramping launches in FY24 on high content, high-volume customer programs now at full production volumes > Net commodities were a $28M headwind, primarily due to the timing of contractual true-ups 2.5% $ in millions November 5, 2025FY25 Fourth Quarter Earnings Call 27 $375 $402$41 $19 $(2) $(3) $(28) FY24 Business Performance Volume / Mix Equity Income FX Net Commodities FY25 5.9%5.5% $116 $111 $4 $(1) $(2) $(6) Q4 FY24 FX Volume / Mix Business Performance Net Commodities Q4 FY25 Quarter 6.7% 6.2%
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Adient – PUBLIC Q4 FY25 and full year FY25 Adjusted EBITDA: EMEA Q4 FY25 Adjusted EBITDA of $31M, up $3M y-o-y, driven by: > Net commodities were favorable $6M during the quarter, primarily due to the timing of contractual true-ups > Volume and mix was up $4M y-o-y due to higher customer production volumes > Business performance was a $7M headwind y-o-y, mainly due to timing and value of commercial settlements FY25 Adjusted EBITDA of $124M, down $31M y-o-y, due to: > Business performance was favorable $17M y-o-y due to improved net material margin and operating performance > FX was unfavorable $12M during the year, primarily due to transactional exposure from the zloty > Volume/mix was down $36M during the year due to lower customer production volumes 2.5% $ in millions November 5, 2025FY25 Fourth Quarter Earnings Call 28 $155 $124 $17 $2 $(2) $(12) $(36) FY24 Business Performance Equity Income Net Commodities FX Volume / Mix FY25 2.6% 3.1% $28 $31 $6 $4 $1 $(1) $(7) Q4 FY24 Net Commodities Volume / Mix Equity Income FX Business Performance Q4 FY25 Quarter 2.5% 2.7%
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Adient – PUBLIC Q4 FY25 and full year FY25 Adjusted EBITDA: Asia Q4 FY25 Adjusted EBITDA of $106M, down $6M y-o-y, driven by: > Improved business performance of $8M during the quarter, mainly due to improved operating efficiencies, engineering and administrative expenses > FX was a $4M tailwind y-o-y due to the translational effects vs. the USD > Volume and mix was a $4M headwind during the quarter due to adverse customer mix in the region > Equity income was down $16M y-o-y due to a year end true-up of our KEIPER JV agreement FY25 Adjusted EBITDA of $440M, slightly up y-o-y, driven by: > Business performance was up $34M during the year due to improved net material margin, lower launch costs, and improved engineering and administrative expenses > FX was a $17M tailwind y-o-y due to the transactional impacts of Asian currencies and translational effects vs. USD > Equity income was down $19M due to changes in our KEIPER JV agreement > Volume/mix down $33M due to lower sales in China and adverse customer mix in the region 2.5% $ in millions November 5, 2025FY25 Fourth Quarter Earnings Call 29 $439 $440 $34 $17 $2 $(19) $(33) FY24 Business Performance FX Net Commodities Equity Income Volume / Mix FY25 14.8%14.7% $112 $106 $8 $4 $2 $(4) $(16) Q4 FY24 Business Performance FX Net Commodities Volume / Mix Equity Income Q4 FY25 Quarter 14.6% 13.5%
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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 the Company 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 income (loss) before income taxes and noncontrolling interests excluding net financing charges, restructuring, 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, expenses associated with becoming an independent company, 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 (benefit) 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 expense (benefit) as a percentage of adjusted income before income taxes. (e) Adjusted diluted earnings per share is defined as adjusted net income (loss) 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 November 5, 2025FY25 Fourth Quarter Earnings Call 30
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Adient – PUBLIC November 5, 2025FY25 Fourth Quarter Earnings Call 31 Non-GAAP reconciliations – EBIT, Adj.-EBIT, Adj.-EBITDA, and Adj.-net income
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Adient – PUBLIC November 5, 2025FY25 Fourth Quarter Earnings Call 32 Non-GAAP reconciliations – Adj. income tax expense and effective tax rate
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Adient – PUBLIC Non-GAAP reconciliations – Adj. EPS and Adj.-equity income November 5, 2025FY25 Fourth Quarter Earnings Call 33
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Adient – PUBLIC Non-GAAP reconciliations – Adj. interest expense, free cash flow, net debt leverage ratio November 5, 2025FY25 Fourth Quarter Earnings Call 34
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Adient – PUBLIC Non-GAAP reconciliations – consolidated & unconsolidated sales (FX adj.) November 5, 2025FY25 Fourth Quarter Earnings Call 35 (k) FX adj. sales (in $ millions) Consolidated Net Sales Q1 Q2 Q3 Q4 FY2024 As reported 3,660$ 3,750$ 3,716$ 3,562$ 14,688$ FX Impact (5) (49) 84 74 104$ FX Adjusted 3,655 3,701 3,800 3,636 14,792 Consolidated Sales (FX adjusted) (in $ millions) Unconsolidated Net Sales Q1 Q2 Q3 Q4 FY2024 As reported 1,037$ 901$ 925$ 920$ 3,783$ FX Impact (15) (29) (16) (13) (72)$ FX Adjusted 1,022 872 909 908 3,711 Unconsolidated Sales (FX adjusted)
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Adient – PUBLIC Segment performance November 5, 2025FY25 Fourth Quarter Earnings Call 36 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 1,719 1,103 765 (25) 3,562 1,786 1,145 783 (26) 3,688 Adjusted EBITDA 116 28 112 (21) 235 111 31 106 (22) 226 Adjusted Equity Income 1 3 20 - 24 - 3 5 - 8 Depreciation 32 28 12 - 72 32 27 13 - 72 Capex 28 28 16 - 72 34 30 15 - 79 Americas EMEA Asia Corporate/ Eliminations Consolidated Americas EMEA Asia Corporate/ Eliminations Consolidated Net Sales 6,763 5,029 2,989 (93) 14,688 6,856 4,773 2,983 (77) 14,535 Adjusted EBITDA 375 155 439 (89) 880 402 124 440 (85) 881 Adjusted Equity Income 3 15 73 - 91 - 16 55 - 71 Depreciation 127 112 46 - 285 126 106 47 - 279 Capex 100 107 59 - 266 94 105 46 - 245 YTD 2024 YTD 2025 Q3 2024 Q3 2025 Q1 2024 Q1 2025 Q2 2024 Q2 2025 Q4 2024 Q4 2025
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Adient – PUBLIC November 5, 2025FY25 Fourth Quarter Earnings Call 37 Non-GAAP reconciliation – footnote addendum