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FY26 Third Quarter Earnings Call August 5 , 2026 ADIENT
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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, increased competitive pressures in the EMEA and Asia regions from Chinese OEMs, 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 particularly new entrants in the China market, 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), risks associated with warranty and product recall and product liability exposures, geopolitical uncertainties such as the Middle East and Ukraine conflicts and the impact on the regional and global economies and additional pressure on commodities, 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, the impact of more aggressive positions taken by tax authorities, 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, 2025 filed with the U.S. Securities and Exchange Commission (the “SEC”) on November 18, 2025, in Adient’s Quarterly Report on Form 10-Q for the fiscal quarter ended March 31, 2026, 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 August 5, 2026FY26 Third Quarter Earnings Call 2
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Agenda > Introduction Linda Conrad VP , FP&A and Investor Relations > Business Update Jerome Dorlack President and CEO > Financial Review Mark Oswald Executive VP and CFO > Q&A FY26 Third Quarter Earnings Call 3
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> Overall vehicle production remained relatively stable, while temporary headwinds continued for certain customer operating patterns (full-size pickups) > Macro economic headwinds resulting from the Middle East conflict remain elevated as higher commodity and freight costs persist > Cash balance reflected both operational performance and customer-driven timing > Company executed $30M of share buybacks (~1.3M shares); total repurchases YTD of $55M (~2.6M shares) August 5, 2026FY26 Third Quarter Earnings Call 4 Q3 performance in line with internal expectations; External macro conditions continue to pressure near-term results Key Q3 FY26 Financial Metrics Consolidated Revenue ~$3.9B (up ~5% y-o-y) Adj.-EBITDA $225M (down $1M y-o-y) Free Cash Flow $138M Cash Balance $924M (at June 30, 2026) Gross and Net Debt ~$2.4B and ~$1.5B, respectively Capital Returned $30M ~1.3M shares repurchased in Q3
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Regional update AMER EMEA > Managing through difficult cost and volume environment > Positive business performance taking hold > Partnering with customers to manage through current market dynamics > Line of sight to roll-off of low profit metals business (positive impact to FY27) Asia > Despite China market softening, growth with key customers and new launches supporting above-market growth > Volume headwinds driven by the Middle East conflict (Asia ex. China) > Margin compression persists, but manageable > Remains high-margin, cash generative business Americas > Positive momentum continues > Near-term pressures persist due to impacts from Middle East conflict > Solid sales and margin expansion despite temporary operational inefficiencies, including customer- driven interruptions > Customer onshoring discussions ongoing; well-positioned with regional footprint Adient’s operating model continues to deliver progress despite customer-specific and external headwinds FY26 Third Quarter Earnings Call 5August 5, 2026
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WHY IT MATTERS Supplier of Choice status directly converts to tangible business wins, strong customer relationships and long- term shareholder value creation. Launch execution > Foundation of supplier of choice status driven by consistent, flawless execution > Proven ability to launch complex programs on time > Strong quality and customer responsiveness Engineering & innovation > Early involvement in vehicle development > Innovative products designed for today and tomorrow, supporting content growth > VAVE, collaborative approach with customers to help take cost out of the value stream World-class global footprint > Ability to execute programs consistently across regions > Scale and operational flexibility Customer recognition > GM Supplier of the Year, 5th consecutive year > NIO Guardianship award > Chery Rely Excellent Supplier Award August 5, 2026FY26 Third Quarter Earnings Call 6 Reinforcing Supplier of Choice > Toyota Outstanding Supplier > Mitsubishi Monozukuri Award
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Commercializing Innovation and Premium Launch Execution Moving innovation from concept to production > Continued growth with local C-OEMs > ProForce Massage Flow drives new business awards on several models, including: Changan Avatr E518 and Dongfeng-Voyah H77B > Premium-content launches in Asia: Zero-Gravity and power swivel on Leapmotor D99 > Vertically integrated launches in EMEA with luxury global OEMs, including: Volvo EX60 and Mercedes-Benz AMG.EA-GT Durable Platform Wins Winning where our customers win > Full integration partner on new business wins, including Ram Dakota > New business win on FAW-Volkswagen VW416/5 reinforcing exposure to fast-growing premium EV Segment in China > Key replacement business won globally: Honda Pilot (Americas), Tata Nexon (Asia) August 5, 2026FY26 Third Quarter Earnings Call 7 New awards and launches reinforce future revenue durability and content growth *Complete Seat System: JIT/Trim/Foam/Metals Dongfeng-Voyah H77B ProForce Massage Flow FAW-Volkswagen VW416/5 Complete Seat* Leapmotor D99 Complete Seat* Volvo EX60 JIT, Trim, Foam Honda Pilot Complete Seat* Stellantis Ram Dakota JIT, Foam, Metals Tata Motors Nexon Complete Seat* Mercedes-Benz AMG.EA-GT JIT, Trim, Foam Changan Avatr E518 Complete Seat* (front row), ProForce Massage Flow Launch
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August 5, 2026FY26 Third Quarter Earnings Call 8 Launching innovation through the full value stack All-new Nissan Elgrand Engineering the products our customers want — enabling them to differentiate Operational excellence Leveraging Adient's integrated design, engineering, foam, trim and JIT assembly capabilities to launch a premium platform using existing capacity, manufacturing assets and global scale. Enhanced end-customer seating experiences New-generation Nissan MPV platform featuring content-rich seating, including zero-gravity seating, advanced comfort features, enhanced adjustability, and unique third-row architecture helping differentiate the vehicle in the premium MPV segment. Process innovation and automation Leading process innovation with AI-enabled weld inspection, automated upper long rail assembly, automated loading and unloading, and end -of- line seat inspection. Watch the video: AI-enabled weld inspection Click here
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August 5, 2026FY26 Third Quarter Earnings Call 9 Executing through volatility Resilient performance Business performance stayed resilient despite external cost pressures and customer-driven disruptions. Proactive operational actions Managing production volatility through targeted operational actions and self-help initiatives that protect performance. Regional progress Asia margins remain strong on customer-specific volume and launch dynamics; European restructuring advancing through direct customer collaboration. Durable growth & outlook Durable platform wins, launch execution, and customer recognition continue reinforcing our outlook and confidence in the business. Team committed to finishing FY26 strong; well-positioned for success in FY27 and beyond
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Financial Review FY26 Third Quarter
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Q3 FY26 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 August 5, 2026FY26 Third Quarter Earnings Call 11 Q3 FY26 Q3 FY25 Q3 FY26 Q3 FY25 B/(W) Consolidated Sales $ 3,929 $ 3,741 $ 3,929 $ 3,741 5% EBIT $ 114 $ 118 $ 142 $ 145 (2%) Margin 2.9% 3.2% 3.6% 3.9% EBITDA N/A N/A $ 225 $ 226 (0%) Margin 5.7% 6.0% Memo: Equity Income 2 $ 20 $ 17 $ 20 $ 23 (13%) Net Financing Charges $ 48 $ 51 $ 48 $ 51 6% Tax Expense $ 23 $ 7 $ 36 $ 30 (20%) Net Income $ 25 $ 36 $ 38 $ 38 0% EPS Diluted $ 0.32 $ 0.43 $ 0.48 $ 0.45 7% $ millions, except per share data As Reported As Adjusted 1
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$847 $704 Q3 FY25 Q3 FY26 Q3 FY26 consolidated and unconsolidated sales Adient consolidated growth vs. market by region 1 > Americas outperformed the market due to strong volumes with key customers, pricing, and new program launches > EMEA underperformed the market mainly due to customer mix > Consolidated sales in China outperformed the market due to new program launches (primarily NIO, Leapmotor and Nissan) > Rest of Asia continued to benefit from a diversified customer portfolio, but volume growth moderated by softer production schedules at certain customers relative to the broader market August 5, 2026FY26 Third Quarter Earnings Call 12 1 FX adjusted 2 Excludes Russia > Non-consolidated sales decreased ~17% y-o-y, primarily reflecting lower volumes on ICE vehicle platforms amid accelerating NEV adoption and softer consumer demand in China, with modest impact from Middle East- related disruptions $41 $147 Q3 FY25 FX Volume/Price Q3 FY26 Consolidated sales$ in millions Unconsolidated sales 1$ in millions -17% $3,929 $3,741 Mobility Global Volumes Adient Revenue Mobility Global Volumes Adient Revenue Americas -1% 9% # 0% 6% EMEA 2 -5% -8% # -2% -6% China -3% 33% # 2% 7% Asia excl. China 2% -3% # 2% 1% Global Total -2% 4% # 0% 1% Q3 FY26 TTM
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$226 $9 ($4) ($4) ($2) $225 Q3FY25 Business Performance FX Equity Income Volume / Mix Q3FY26 $226 $13 ($6) ($7) ($1) $225 Q3FY25 Americas Asia EMEA Corp. Q3FY26 August 5, 2026FY26 Third Quarter Earnings Call 13 Q3 FY26 Adjusted EBITDA Q3 FY26 Adjusted EBITDA of $225M, nearly flat y-o-y, despite ~$32M of temporary headwinds driven by the Middle East conflict and customer/supplier driven operating inefficiencies: > Underlying business performance remained strong, reflecting continuing operational execution and consistent commercial discipline > Translational and transactional FX net of hedging were slightly unfavorable during the quarter > Equity income was unfavorable y-o-y, due to lower customer volumes in China due to significant decrease in demand for ICE vehicles > Volume tailwinds in the Americas offset by lower customer volumes in EMEA and expected mix headwinds in China $ in millions 6.0% 5.7%Includes: - ($20) ME conflict costs - ($12) customer/supplier driven costs 6.0% 5.7%
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August 5, 2026FY26 Third Quarter Earnings Call 14 Q3 FY26 cash flow Key drivers impacting YTD FCF: - Favorable working capital fluctuations driven by typical working capital swings (~$45M customer payment related timing to reverse in Q4) - Reduced y-o-y restructuring spend in Europe - Non-recurring tax settlement paid in Q2 FY26 - Increased capital expenditures to support top-line growth and innovation Memo: At June 30, 2026, ~$157M of factored receivables (vs. ~$185M at Sep. 30, 2025). Adient uses various global factoring programs as a low- cost source of liquidity. Free Cash Flow CapEx by segment for the quarter: Americas $ 28M, EMEA $26M, Asia $13M USD in Millions FY26 FY25 FY26 FY25 Adjusted EBITDA $225 $226 $ 655 $655 Adjusted equity income (20) (23) (63) (63) Dividend 50 20 78 72 Restructuring (39) (34) (77) (101) Working capital 145 108 105 (38) Interest paid (53) (55) (150) (142) Cash taxes (30) (31) (104) (70) Other (73) (39) (78) (77) Capital Expenditures (67) (57) (205) (166) Free cash flow $ 138 $ 115 $ 161 $ 70 Q3 YTD
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Debt and capital structure June 30 September 30 (in $ millions) 2026 2025 Cash 924$ 958$ Total Debt 2,388 2,397 Net Debt 1,464$ 1,439$ Net Debt 2 See appendix for reconciliation to non-GAAP metrics August 5, 2026FY26 Third Quarter Earnings Call 15 > Moody's upgraded Adient’s corporate credit rating to Ba3, supported by balance sheet strength and consistent execution > Total liquidity of ~$1.8B at June 30, 2026 (cash on hand of ~$924M and ~$834M of undrawn capacity under the revolving line of credit) > Cash balance of $924M included the benefit of ~$45M customer payment timing > Adient returned $30M to its shareholders in Q3 FY26, repurchasing ~1.3M shares ($80M out of initial $600M share repurchase authorization remaining) > Adient’s net leverage ratio on a TTM basis is 1.7x, within the targeted range of 1.5x-2.0x 2 > No near-term maturities $621 $500 $500 $1,121 $795 $1,000 2027 2028 2029 2030 2031 2032 2033 Debt Maturity Profile 7.0% Senior Secured Notes Term Loan B 8.25% Senior Unsecured Notes 7.5% Senior Unsecured Notes ABL ($ in millions) 6/30/2026 Cash & Debt Profile Amount Cash & Cash Equivalents 924$ ABL Revolver, incl. FILO due 2030 (1) - Term Loan B due 2031 621 7.000% Secured Notes due 2028 500 Total Secured Debt 1,121 8.250% Notes due 2031 500 7.500% Notes due 2033 795 Other LT debt 5 Deferred issuance costs (33) Total Debt 2,388$ (1) Subject to ABL borrowing base availability. As of June 30, 2026, there were no draws outstanding and approximately $834 million was available under the ABL Credit Agreement.
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FY26 Third Quarter Earnings Call 16 FY26 Outlook update Reconciliations of non-GAAP measures related to FY2026 guidance have not been provided due to the unreasonable efforts it would take to provide such reconciliations Adient is focused on finishing FY26 strong and achieving its commitments Cash taxes ~$300M (no change) ~$130M (no change) ~$185M (~$190M cash interest, no change) ~$125M (no change) ~$885M (no change) ~$70M (no change) ~$15.0B (up from ~$14.8B) Capex Free cash flow Adj.-EBITDA Equity income Incl. in Adj.-EBITDA Interest expense Consolidated revenue > Revised revenue guidance based primarily on near-term customer production schedules, and to a lesser extent FX > Adj.-EBITDA and free cash flow guidance reflect: Current volume/mix outlook and continued headwinds due to the Middle East conflict (e.g. elevated chemicals and freight costs) August 5, 2026 Key Currencies FY26 Forecast Euro $1.16 / € Chinese RMB ¥6.90 / $ Mexican Peso 17.68 / $
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August 5, 2026FY26 Third Quarter Earnings Call 17 FY27 early indicators Strong business performance expected to continue; management remains committed to a balanced capital allocation strategy ✓ What we expect > Above-market growth in the Americas and China, reflecting growth in the Americas with core product lines (excluding metals) and continued strength in Asia with C-OEM programs > Positive business performance continues through automation, restructuring and commercial discipline > Balance sheet strength maintained, with net leverage within our 1.5x–2.0x target > Return of capital expected to continue; Board expected to increase the share repurchase authorization prior to Q4 FY26 earnings ▲ What is still developing > Middle East conflict (input costs, export volumes) > International trade and tariff policies > Vehicle production > Foreign exchange > Capital expenditures > Restructuring
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Appendix and Financial Reconciliations FY26 Third Quarter
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We generated ~$2B Sales revenue in FY2025 We employ ~8,100 Highly engaged employees, including ~1,040 engineers 19 Operating in 6 countries Adient is a top 2 seating supplier in Asia region Adient Asia outside China at a glance 25 manufacturing locations 3 Global Tech Centers (Strategically located in key customer home markets Japan & Korea, and high-growth India) Diverse customer base Chinese OEM Japanese OEMKorean OEM European OEM American OEM Asian OEM Top Platforms: Ford Everest & Ranger, Kia Sorento, Nissan Patrol, Tata Nexon August 5, 2026FY26 Third Quarter Earnings Call
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Q3 FY26 Adjusted EBITDA: Americas Q3 FY26 Adjusted EBITDA of $125M, up $13M y-o-y, driven by: > Favorable volume/mix due to increased volumes with key customers > Underlying business performance remained resilient despite $21M of temporary headwinds driven by Middle East conflict-related costs and customer/supplier driven inefficiencies August 5, 2026FY26 Third Quarter Earnings Call 20 $ in millions $112 $21 ($1) ($7) $125 Q3FY25 Volume / Mix FX Business performance Q3FY26 6.4% 6.5% $291 $12 $7 $5 ($1) $314 YTD Q3FY25 Business performance Volume / Mix FX Equity income YTD Q3FY26 YTD View 5.7% 5.8% Includes: - ($ 9) ME conflict costs - ($12) customer/supplier driven costs
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Q3 FY26 Adjusted EBITDA: EMEA Q3 FY26 Adjusted EBITDA of $14M, down $7M y-o-y, driven by: > Volume/mix was unfavorable $16M y-o-y due to lower customer volumes and unfavorable customer mix > Business performance improved $8M y-o-y, driven by restructuring benefits and SG&A discipline, partially offset by $8M of Middle East conflict-related headwinds August 5, 2026FY26 Third Quarter Earnings Call 21 $ in millions $21 $8 $1 ($16) $14 Q3FY25 Business performance FX Volume / Mix Q3FY26 1.2% 1.7% $93 $18 $5 $1 ($24) $93 YTD Q3FY25 Business performance FX Equity income Volume / Mix YTD Q3FY26 YTD View 2.6% 2.5%
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Q3 FY26 Adjusted EBITDA: Asia Q3 FY26 Adjusted EBITDA of $107M, down $6M y-o-y, driven by: > Volume growth was supported by continued momentum with local C-OEMs in China, while profitability reflected the expected portfolio mix evolution and temporary softness in selected ICE vehicle programs impacted by the Middle East conflict > Equity income was down $4M y-o-y, mainly due to lower customer volumes > Business performance improved $5M, despite a $3M impact from Middle East conflict-related disruptions and higher launch investment to support future growth August 5, 2026FY26 Third Quarter Earnings Call 22 $ in millions $113 $5 ($4) ($7) $107 Q3FY25 Business performance Equity income Volume / Mix Q3FY26 15.7% 13.2% $334 $7 ($2) ($11) ($14) $314 YTD Q3FY25 FX Equity income Business performance Volume / Mix YTD Q3FY26 YTD View 15.2% 13.3%
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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 earnings 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 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 5, 2026FY26 Third Quarter Earnings Call 23
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August 5, 2026FY26 Third Quarter Earnings Call 24 Non-GAAP reconciliations – EBIT, Adj.-EBIT, Adj.-EBITDA, and Adj.-net income
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August 5, 2026 25FY26 Third Quarter Earnings Call Non-GAAP reconciliations – Adj. income tax expense and effective tax rate
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Non-GAAP reconciliations – Adj. EPS and Adj.-equity income August 5, 2026FY26 Third Quarter Earnings Call 26
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Non-GAAP reconciliations – Adj. interest expense, free cash flow, net debt leverage ratio August 5, 2026FY26 Third Quarter Earnings Call 27
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Non-GAAP reconciliations – consolidated & unconsolidated sales (FX adj.) August 5, 2026FY26 Third Quarter Earnings Call 28 (k) FX adj. sales (in $ millions) Consolidated Net Sales Q1 Q2 Q3 Q4 FY2025 As reported 3,495$ 3,611$ 3,741$ 10,847$ FX Impact 118 169 50 337 FX Adjusted 3,613$ 3,780$ 3,791$ -$ 11,184$ Consolidated Sales (FX adjusted) (in $ millions) Unconsolidated Net Sales Q1 Q2 Q3 Q4 FY2025 As reported 1,000$ 819$ 822$ 2,642$ FX Impact 0 23 25 49 FX Adjusted 1,000$ 843$ 847$ 2,690$ Unconsolidated Sales (FX adjusted)
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Segment performance August 5, 2026FY26 Third Quarter Earnings Call 29 Americas EMEA Asia Corporate/ Eliminations Consolidated Americas EMEA Asia Corporate/ Eliminations Consolidated Net Sales 1,611 1,129 772 (17) 3,495 1,642 1,205 819 (22) 3,644 Adjusted EBITDA 85 22 111 (22) 196 80 34 115 (22) 207 Adjusted Equity Income - 5 16 - 21 - 5 24 - 29 Depreciation 31 27 11 - 69 31 26 12 - 69 Capex 27 27 10 - 64 28 24 13 - 65 Americas EMEA Asia Corporate/ Eliminations Consolidated Americas EMEA Asia Corporate/ Eliminations Consolidated Net Sales 1,699 1,231 707 (26) 3,611 1,884 1,272 734 (25) 3,865 Adjusted EBITDA 94 50 110 (21) 233 109 45 92 (23) 223 Adjusted Equity Income - 3 16 - 19 - 4 10 - 14 Depreciation 30 26 11 - 67 27 27 14 - 68 Capex 15 20 10 - 45 35 25 13 - 73 Americas EMEA Asia Corporate/ Eliminations Consolidated Americas EMEA Asia Corporate/ Eliminations Consolidated Net Sales 1,760 1,268 721 (8) 3,741 1,928 1,211 810 (20) 3,929 Adjusted EBITDA 112 21 113 (20) 226 125 14 107 (21) 225 Adjusted Equity Income - 5 18 - 23 - 5 15 - 20 Depreciation 33 26 12 - 71 33 30 11 - 74 Capex 18 28 11 - 57 28 26 13 - 67 Americas EMEA Asia Corporate/ Eliminations Consolidated Americas EMEA Asia Corporate/ Eliminations Consolidated Net Sales 5,070 3,628 2,200 (51) 10,847 5,454 3,688 2,363 (67) 11,438 Adjusted EBITDA 291 93 334 (63) 655 314 93 314 (66) 655 Adjusted Equity Income - 13 50 - 63 - 14 49 - 63 Depreciation 94 79 34 - 207 91 83 37 - 211 Capex 60 75 31 - 166 91 75 39 - 205 YTD 2025 YTD 2026 Q3 2025 Q3 2026 Q1 2025 Q1 2026 Q2 2025 Q2 2026
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August 5, 2026 30FY26 Third Quarter Earnings Call Non-GAAP reconciliation – footnote addendum