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FY26 Fourth Quarter Earnings Call November 4, 2026
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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 June 30, 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 FY27 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 4, 2026FY26 Fourth 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 > FY26 Financial Review Mark Oswald Executive VP and CFO > FY27 Outlook Peter Carlin VP , Finance Q&A FY26 Fourth Quarter Earnings Call 3
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November 4, 2026FY26 Fourth Quarter Earnings Call 4 Delivering a solid finish to the year See appendix for non-GAAP definitions and reconciliations. 1 Shares outstanding 79.2M as of Sep. 30, 2025; shares repurchased during FY26 ~4.9M. FY26 EXECUTION Focused priorities underpinning execution, strong cash generation and capital deployment EXECUTING ON WHAT WE CAN CONTROL REVENUE GROWTH ~$15.2B Up 4% y-o-y EARNINGS RESILIENCE $884M Adjusted EBITDA flat y-o-y CASH GENERATION $222M Free cash flow LIQUIDITY $886M Cash at Sept. 30, 2026 CAPITAL RETURN $100M of share repurchases ~6% of shares outstanding repurchased in FY26 ¹ Execution achieved against a challenging backdrop INDUSTRY Geopolitical disruption and elevated steel, chemical and freight costs AMERICAS Near-term operational headwinds including customer and supplier driven inefficiencies EMEA Lower volumes and unfavorable customer mix ASIA China market pressure and lower export volumes $2.4B/$1.5B Gross and net debt, respectively of debt paydown$ 35M
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Localized wins and premium seating content support a diversified customer base November 4, 2026FY26 Fourth Quarter Earnings Call 5 Premium seating in production Vertically integrated, high content product launches in Asia Localization and onshoring continue Adient continues to be a net beneficiary of customer onshoring Breadth across powertrains Wins span electric, hybrid and combustion platforms Retaining and extending business with European OEMs Nissan E-Power JIT, Trim, Foam, Components *Complete Seat System: JIT/Trim/Foam/Metals Xiaomi SkyNomad N90 JIT, Trim, Foam Mitsubishi Pajero Complete Seat* NIO Cygnus 1st row JIT, Trim, Foam Electric vehicle Powered comfort features Flexible 2nd and 3rd row seating Zero-gravity on both rows Equipped with 1st row swivel Skoda Karoq Front seat structure Dongfeng-Honda NX1 3rd row Complete Seat* Volkswagen Audi Q8 Rear seat structure BMW X1, X2 & Mini Countryman Rear seat structure Proton AMA05 Complete Seat*
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Recognized with customer awards in all regions reinforcing Supplier of Choice status Continued onshoring wins and multiple conquest wins Automation and modularity drove new product wins Commercialized new innovative products including StepJoy, ProForce Massage Flow, and Power Swivel November 4, 2026FY26 Fourth Quarter Earnings Call 6 FY26 execution delivered wins and operational progress Growth over market in the Americas and China Realization of restructuring benefits in EMEA Strength of the Asia business outside China Mitigated margin compression in China Actively managed the China JV footprint Focused on cash generation through industry and macroeconomic challenges Winning with customers Commercializing innovation Delivering across regions Protecting margins and cash
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Financial Review FY26
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Q4 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 November 4, 2026FY26 Fourth Quarter Earnings Call 8 Q4 FY26 Q4 FY25 Q4 FY26 Q4 FY25 B/(W) Consolidated Sales $ 3,730 $ 3,688 $ 3,730 $ 3,688 1% EBIT $ 44 $ 120 $ 146 $ 142 3% Margin 1.2% 3.3% 3.9% 3.9% EBITDA N/A N/A $ 229 $ 226 1% Margin 6.1% 6.1% Memo: Equity Income 2 $ 20 $ 8 $ 20 $ 8 150% Net Financing Charges $ 62 $ 49 $ 47 $ 49 4% Tax Expense $ 18 $ 26 $ 30 $ 30 0% Net Income/(Loss) $ (47) $ 18 $ 40 $ 42 (5%) EPS Diluted $ (0.62) $ 0.22 $ 0.52 $ 0.52 0% $ millions, except per share data As Reported As Adjusted 1 Equity income driven by favorable business performance in China JV
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FY26 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 4, 2026FY26 Fourth Quarter Earnings Call 9 FY26 FY25 FY26 FY25 B/(W) Consolidated Sales $ 15,168 $ 14,535 $ 15,168 $ 14,535 4% EBIT $ 375 $ 115 $ 564 $ 570 (1%) Margin 2.5% 0.8% 3.7% 3.9% EBITDA N/A N/A $ 884 $ 881 0% Margin 5.8% 6.1% Memo: Equity Income 2 $ 80 $ 68 $ 83 $ 71 17% Net Financing Charges $ 206 $ 193 $ 191 $ 191 0% Tax Expense $ 115 $ 103 $ 134 $ 119 (13%) Net Income (loss) $ (17) $ (281) $ 147 $ 161 (9%) EPS Diluted $ (0.22) $ (3.39) $ 1.87 $ 1.93 (3%) $ millions, except per share data As Reported As Adjusted 1 Note: Sales up 2% excl. FX
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$897 $724 Q4 FY25 Q4 FY26 Q4 FY26 consolidated and unconsolidated sales Adient consolidated growth vs. market by region 1 > Americas outperformed the market due to strong volumes with key customers as well as pricing > 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 Xiaomi) > Rest of Asia underperformed the broader market driven by softer volumes in Korea and lower exports due to Middle East- related disruptions November 4, 2026FY26 Fourth Quarter Earnings Call 10 1 FX adjusted 2 Excludes Russia, Middle East > Non-consolidated sales decreased 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 $46 ($4) Q4 FY25 Volume/Price FX Q4 FY26 Consolidated sales$ in millions Unconsolidated sales 1$ in millions -19% $3,730 $3,688 Mobility Global Volumes Adient Revenue Mobility Global Volumes Adient Revenue Americas -3% 7% # -1% 7% EMEA 2 0% -7% # 0% -6% China -6% 8% # -3% 19% Asia excl. China 6% -6% # 5% -6% Global Total -2% 1% # 0% 2% Q4 FY26 TTM
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$226 $39 $13 ($10) ($39) $229 Q4FY25 Business Performance Equity Income FX Volume / Mix Q4FY26 $226 $30 $1 ($26) ($2) $229 Q4FY25 Asia EMEA Americas Corp. Q4FY26 November 4, 2026FY26 Fourth Quarter Earnings Call 11 Q4 FY26 Adjusted EBITDA Q4 FY26 Adjusted EBITDA of $229M, slightly up y-o-y, despite ~$22M of temporary headwinds driven by Middle East conflict. Primary drivers included: > Strong business performance during the quarter, driven by favorable material margins and commercial discipline > Equity income was favorable y-o-y, due to favorable business performance in certain China joint ventures > FX was unfavorable driven by transactional FX primarily from Asia cross currency rates and a strengthening peso > Increased volumes in the Americas offset by lower customer volumes in EMEA and expected mix headwinds in China $ in millions 6.1% 6.1%Includes ($22) ME conflict costs 6.1% 6.1%
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$881 $58 $11 $4 ($70) $884 FY25 Business Performance Equity Income FX Volume / Mix FY26 $881 $10 $1 ($3) ($5) $884 FY25 Asia EMEA Americas Corp. FY26 November 4, 2026FY26 Fourth Quarter Earnings Call 12 Full year FY26 Adjusted EBITDA FY26 Adjusted EBITDA of $884M, slightly up y-o-y, primarily driven by: > Favorable business performance of $58M, reflecting strong commercial discipline, partially offset by $41M of Middle East conflict-related costs > Equity income was up $11M y-o-y due to favorable business performance in certain China joint ventures > Unfavorable volume/mix of $70M y-o-y, reflecting lower customer production volumes in Europe and customer mix headwinds in Asia, partially offset by favorable volume in the Americas $ in millions 6.1% 5.8% Includes: - ($41) ME conflict costs 6.1% 5.8%
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USD in Millions FY26 FY25 FY26 FY25 Adjusted EBITDA $229 $226 $ 884 $881 Adjusted equity income (20) (8) (83) (71) Dividend 32 28 110 100 Restructuring (28) (30) (105) (131) Working capital 32 29 137 (9) Interest paid (57) (46) (207) (188) Cash taxes (23) (22) (127) (92) Other 2 36 (76) (41) Capital Expenditures (106) (79) (311) (245) Free cash flow $ 61 $ 134 $ 222 $ 204 Q4 Full Year November 4, 2026FY26 Fourth Quarter Earnings Call 13 Q4 FY26 and full year FY26 cash flow Key drivers impacting full year FY26 FCF:Free Cash Flow CapEx by segment for the quarter: Americas $48M, EMEA $39M, Asia $19M (+) (+) (+) (+) (-) (-) FY26 Free Cash Flow favorably impacted by ~$60M of timing related working capital Benefits associated with timing of dividend payments from China; not expected to repeat in FY27 Timing of IEEPA refunds; expected outflow in FY27 Timing of customer program tooling Lower y-o-y restructuring spend Higher capital expenditures to support growth and innovation Higher cash taxes, driven by a $21M non- recurring tax settlement Memo: At Sep. 30, 2026, ~$160M of factored receivables (vs. ~$185M at Sep. 30, 2025). Adient uses various global factoring programs as a low-cost source of liquidity.
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$1,118 $465 $795 $1,000 $0 $500 $1,000 $1,500 $2,000 2026 2027 2028 2029 2030 2031 2032 2033 Debt Maturity Profile Term Loan B 8.25% Senior Unsecured Notes 7.5% Senior Unsecured Notes ABL Extension Debt and capital structure September 30 September 30 (in $ millions) 2026 2025 Cash 886$ 958$ Total Debt 2,352 2,397 Net Debt 1,466$ 1,439$ Net Debt 2 Shares outstanding 79.2M as of Sep. 30, 2025; shares repurchased during FY26 ~4.9M. 3 See appendix for reconciliation to non-GAAP metrics. November 4, 2026FY26 Fourth Quarter Earnings Call 14 > Total liquidity of ~$1.7B at Sept. 30, 2026 (cash on hand of ~$886M and ~$857M of undrawn capacity under the revolving line of credit) > Adient returned $100M total in FY26, ~4.9M shares, representing ~6% shares outstanding 2 > Board extended share repurchase program by $400M post quarter-end > Paid down $35M of 8.25% Senior Unsecured Notes during Q4 > Executed opportunistic refinancing of $500M 7.0% Notes through a Term Loan B add-on during the quarter, generating ~$6M annualized interest savings > Adient’s net leverage ratio on a TTM basis is 1.7x 3 > No near-term maturities $ in millions($ in millions) 9/30/2026 Cash & Debt Profile Amount Cash & Cash Equivalents 886$ ABL Revolver, incl. FILO due 2030 (1) - Term Loan B due 2031 1,118 Total Secured Debt 1,118 8.250% Notes due 2031 465 7.500% Notes due 2033 795 Other LT debt 5 Other Bank Borrowings 0 Deferred issuance costs (31) Total Debt 2,352$ (1) Subject to ABL borrowing base availability. As of September 30, 2026, there were no draws outstanding and approximately $857 million was available under the ABL Credit Agreement.
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Financial Outlook FY27
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FY27 Key assumptions and strategic priorities November 4, 2026FY26 Fourth Quarter Earnings Call 16 Vehicle production assumptions units in millions REGION FY26 FY27 MARKET Δ N. America 15.1 14.9 (1)% Europe 15.6 15.2 (2)% China 31.8 31.0 (3)% Asia ex. China 23.2 23.2 - Global 92.6 91.5 (1)% Vehicle volume source: October Mobility Global estimates; light vehicle production only KEY PLANNING CURRENCIES €/$ $1.13 CNY/$ ¥6.71 MXN/$* $18.04 * Effective rate differs due to hedging Growth in core product lines Margin expansion in a declining sales environment Continued launch success Productivity and restructuring Cash generation and balanced capital allocation Global vehicle production is expected to decline in FY27 Adient priorities: growth, expanding margins and cash generation FY27 PRIORITIES
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FY26 Fourth Quarter Earnings Call 17 FY27 Outlook – Key financial metrics Reconciliations of non-GAAP measures related to FY2027 guidance have not been provided due to the unreasonable efforts it would take to provide such reconciliations Strong business performance expected to offset volume headwinds Cash taxes ~$300M - $325M ~$100M + ~$180M - $185M ~$105M - $115M ~$900M - $925M ~$70M - $75M ~$14.8B – $15.0B Capex Free cash flow Adj.-EBITDA Equity income Incl. in Adj.-EBITDA Interest expense Consolidated revenue > Revenue: Lower production volumes across all regions, partially offset by continued outgrowth in Asia > Adjusted EBITDA: Business performance expected to more than offset headwinds from volume and FX > Equity income: Broadly in line with FY26 > Interest expense: Modestly lower y-o-y (cash interest also expected to be ~$180M-~$185M) > Cash taxes: Lower y-o-y, reflecting the non-recurrence of the FY26 tax settlement > Capital expenditures: Supports customer launches and targeted innovation and automation investments > Free cash flow: Reflects ~$60M of timing related to FY26 pull- ahead actions, as well as a ~$35M unfavorable impact from dividend timing November 4, 2026
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FY26 Fourth Quarter Earnings Call 18 Disciplined execution supports long-term shareholder value November 4, 2026 Returning capital to shareholders $400M Increase in share repurchase authorization The Board approved the increase, reinforcing our commitment to long-term shareholder value. $100M Planned share repurchases in FY27 Reflects confidence in expected earnings and free cash flow growth. Timing will depend on market conditions and compelling valuations. Protecting future cash flow Tax Benefits Preservation Plan > The Board approved the plan to preserve valuable U.S. tax assets for the benefit of all shareholders > Helps protect net operating loss (NOL) carryforwards and other tax attributes > Reduces the risk that an ownership change under IRC §382 could limit future tax benefits and increase cash taxes
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Appendix and Financial Reconciliations FY26 Fourth Quarter
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Q4 FY26 and full year FY26 Adjusted EBITDA: Americas FY26 Adjusted EBITDA of $399M, down slightly y-o-y, driven by: > Unfavorable business performance of $15M y-o-y due to $23M of Middle East conflict-related headwinds, which were partially offset by favorable pricing and commercial discipline Q4 FY26 Adjusted EBITDA of $85M, down $26M y-o-y, driven by: > Business performance declined $27M y-o-y, reflecting $14M of Middle East conflict-related impacts, as well as operational headwinds due to engineering timing, higher input costs and premium freight associated with weather-related shipping delays from Asia November 4, 2026FY26 Fourth Quarter Earnings Call 20 $ in millions $111 $2 ($1) ($27) $85 Q4FY25 Volume / Mix FX Business performance Q4FY26 6.2% 4.4% $402 $9 $4 ($1) ($15) $399 FY25 Volume / Mix FX Equity income Business performance FY26 Full year 5.9% 5.4% Includes: - ($14) ME conflict costs Includes: - ($23) ME conflict costs
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Q4 FY26 and full year FY26 Adjusted EBITDA: EMEA FY26 Adjusted EBITDA of $125M, roughly flat y-o-y, driven by: > Business performance was a tailwind of $36M as restructuring benefits emerged, followed by favorable pricing and commercial actions, partially impacted by $15M of Middle East conflict-related headwinds > Volume/mix was unfavorable $40M y-o-y due to lower customer volumes and unfavorable customer mix Q4 FY26 Adjusted EBITDA of $32M, roughly flat y-o-y despite volume headwinds: > Favorable business performance of $18M y-o-y, due to pricing and commercial discipline, partially offset by $8M of Middle East conflict-related headwinds > Volume/mix was unfavorable $16M y-o-y due to lower customer volumes and unfavorable customer mix November 4, 2026FY26 Fourth Quarter Earnings Call 21 $ in millions $31 $18 ($1) ($16) $32 Q4FY25 Business performance FX Volume / Mix Q4FY26 3.0% 2.7% $124 $36 $4 $1 ($40) $125 FY25 Business performance FX Equity income Volume / Mix FY26 Full year 2.6% 2.6%Includes: - ($15) ME conflict costs Includes: - ($8) ME conflict costs
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Q4 FY26 and full year FY26 Adjusted EBITDA: Asia FY26 Adjusted EBITDA of $450M, up $10M y-o-y, driven by: > Business performance was a tailwind of $37M due to favorable material margin and SG&A improvements y-o-y > Volume/mix was unfavorable $39M y-o-y due to modest margin pressure on expected portfolio mix evolution and near-term softness driven by the Middle East conflict Q4 FY26 Adjusted EBITDA of $136M, up $30M y-o-y, driven by: > Business performance was a $48M tailwind due to favorable commercial actions and material margin, as well as strong operational execution > Equity income was up $13M y-o-y due to favorable business performance in certain China joint ventures > Volume/mix was down $25M y-o-y as expected due to portfolio mix evolution and near-term softness driven by the Middle East conflict November 4, 2026FY26 Fourth Quarter Earnings Call 22 $ in millions $106 $48 $13 ($6) ($25) $136 Q4FY25 Business performance Equity income FX Volume / Mix Q4FY26 13.5% 17.3% $440 $37 $11 $1 ($39) $450 FY25 Business performance Equity income FX Volume / Mix FY26 Full year 14.8% 14.3%
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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 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 4, 2026FY26 Fourth Quarter Earnings Call 23
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November 4, 2026FY26 Fourth Quarter Earnings Call 24 Non-GAAP reconciliations – EBIT, Adj.-EBIT, Adj.-EBITDA, and Adj.-net income
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November 4, 2026FY26 Fourth Quarter Earnings Call 25 Non-GAAP reconciliations – Adj. income tax expense and effective tax rate
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Non-GAAP reconciliations – Adj. EPS and Adj.-equity income November 4, 2026FY26 Fourth Quarter Earnings Call 26
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Non-GAAP reconciliations – Adj. interest expense, free cash flow, net debt leverage ratio November 4, 2026FY26 Fourth Quarter Earnings Call 27
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Non-GAAP reconciliations – consolidated & unconsolidated sales (FX adj.) November 4, 2026FY26 Fourth Quarter Earnings Call 28 (k) FX adj. sales (in $ millions) Unconsolidated Net Sales Q1 Q2 Q3 Q4 FY2025 As reported 1,000$ 819$ 822$ 869$ 3,510$ FX Impact 0 23 25 28 76 FX Adjusted 1,000$ 843$ 847$ 897$ 3,587$ Unconsolidated Sales (FX adjusted) (in $ millions) Consolidated Net Sales Q1 Q2 Q3 Q4 FY2025 As reported 3,495$ 3,611$ 3,741$ 3,688$ 14,535$ FX Impact 118 169 50 (4) 333 FX Adjusted 3,613$ 3,780$ 3,791$ 3,684$ 14,868$ Consolidated Sales (FX adjusted)
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Segment performance November 4, 2026FY26 Fourth 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 - 6 15 - 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 1,786 1,145 783 (26) 3,688 1,915 1,054 785 (24) 3,730 Adjusted EBITDA 111 31 106 (22) 226 85 32 136 (24) 229 Adjusted Equity Income - 3 5 - 8 - 3 17 - 20 Depreciation 32 27 13 - 72 32 29 14 - 75 Capex 34 30 15 - 79 48 39 19 - 106 Americas EMEA Asia Corporate/ Eliminations Consolidated Americas EMEA Asia Corporate/ Eliminations Consolidated Net Sales 6,856 4,773 2,983 (77) 14,535 7,369 4,742 3,148 (91) 15,168 Adjusted EBITDA 402 124 440 (85) 881 399 125 450 (90) 884 Adjusted Equity Income - 17 54 - 71 - 17 66 - 83 Depreciation 126 106 47 - 279 123 112 51 - 286 Capex 94 105 46 - 245 139 114 58 - 311 YTD 2025 YTD 2026 Q3 2025 Q3 2026 Q1 2025 Q1 2026 Q2 2025 Q2 2026 Q4 2025 Q4 2026
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November 4, 2026 30FY26 Fourth Quarter Earnings Call Non-GAAP reconciliation – footnote addendum