Garrett Motion : 2026 GTX Investor Day presentation vF

TECHNOLOGY &

I NVESTO

© 2026 Garrett Motion Inc.

Today's presenters

President & Chief Executive Officer SVP & Chief Financial Officer SVP & Chief Technology Officer

30 Years of Industry Experience 24 Years at Garrett / Honeywell

27 Years of Industry Experience 5 Years at Garrett

27 Years of Industry Experience 36 Years at Garrett / Honeywell

SVP Strategy & Advanced Technologies SVP Turbo Technologies SVP Aftermarket, Brazil, India

VP Investor Relations & Treasurer

14 Years of Industry Experience 3 Years at Garrett

29 Years of Industry Experience 22 Years at Garrett / Honeywell

33 Years of Industry Experience 17 Years at Garrett / Honeywell

16 Years of Industry Experience 8 Years at Garrett / Honeywell

© 2026 Garrett Motion Inc. 3

Garrett: differentiated, superior performance ahead

© 2026 Garrett Motion Inc. 4

Overview and road ahead

Olivier Rabiller

© 2026 Garrett Motion Inc.

Garrett Mission

© 2026 Garrett Motion Inc.

© 2026 Garrett Motion Inc.

High performance leader & innovation powerhouse

Key 2025 figures

Global turbo player1 Adjusted EBIT margin4

2025 sales breakdown

By end-use

Aftermarket

14%

Industrial 4%

Commercial

Passenger Vehicles (PV)

Technology offerings

Emission Reduction

Commercial Vehicle and Industrial

Vehicles (CV)

Light Commercial

11%

17%

54%

Garrett MEG

Double Axle VNT

Wastegate

Win rate2

of turbo business

Employees3

CAPEX % of sales

Adjusted Free Cash Flow conversion4

Vehicles (LCV)

By geography

North America

46%

Other 3%

19%

Light Vehicle Diesel, Gas & Hybrid

Wastegate Variable Nozzle Two Stage Turbine (VNT)

E-Turbo E-Compressor

Manufacturing plants

Net leverage ratio4

Asia

29%

49%

Europe

Zero Emission

E-Powertrain

E-Cooling Compressor

Industrial Air Compressor

Fuel Cell Compressor

Differentiated Technology Best-in-class Financial Performance

Superior Customer Experience Optimized and Integrated Supply Chain

© 2026 Garrett Motion Inc. 7

1. Turbo ranking based on 2025 results, as per management estimates

2. Reflects Garrett win rate on total turbo industry opportunities as of 12/31/2025

3. Includes approximately 6,300 permanent employees, 400 temporary employees and approximately 2,000 contract workers globally as of 12/31/2025

4. See appendix for reconciliations of Non-GAAP measures

Accelerating a diversified, long-term growth portfolio

>5% CAGR expected over next 10 years

Energy infrastructure, HVAC & air compression

~$1B sales beyond turbo expected by 2030 and ~$2.5B by 2035

Turbo sales expected to be greater in 2035 than in 2025

Full portfolio anticipated to be launched by 2027

© 2026 Garrett Motion Inc. 8

Best-in-class performance and continuous transformation

1 Turbo ranking based on 2025 results, as per management estimates

1 / Propelling diversified growth, planned ~$5B by 2030

Garrett sales by technology

$ Billions

Garrett sales by end-use

$ Billions

3.6B

CAGR

>5%

~5B

>6B

Zero Emission Technologies

Turbo LV

Turbo CV & Industrial, AM

3.6B

CAGR

>5%

~5B

>50%

>6B

Passenger Vehicles

LCV

Forecast from 2023 Investor Day

Forecast from 2023 Investor Day (implied)

Industrial Aftermarket

• ~$1B expected from Zero Emission Technologies by 2030,

  ~$2.5B by 2035

• New product launches accelerating from 2027

• Turbo sales expected to be higher for next 10 years, from

2025 2030E 2035E 2025 2030E 2035E

© 2026 Garrett Motion Inc. 9

2 / Powering a differentiated technology portfolio

>1,300

Engineers

~1,350

Patents and patents pending

6

• Developed unique capabilities in five differentiated technology pillars

• Continue to innovate in turbo, both expanding and deepening portfolio

• Leveraging technology modularity to quickly expand zero emission offering

© 2026 Garrett Motion Inc.

10 © 2026 Garrett Motion Inc. © 2026 Garrett Motion Inc.

3 / Ramping up in Zero Emission Technologies for mobility

>60%

of 2030 ZET sales expected to come from light commercial vehicles (LCV), commercial vehicles (CV) & industrial

6+

Launches by 2027

Garrett technologies

High-speed

turbo-compressors

Oil-free foil bearings

High-speed electric motors

High-speed power electronics

Advanced control software

E-Powertrain PV

E-Powertrain CV

E-Cooling Compressor

Fuel Cell Compressor

~$60B • Focus on applications where customers value technology differentiation

• Full portfolio anticipated to be in production by 2027 following multiple awards

© 2026 Garrett Motion Inc. 11

1 Addressable automotive industry (revenue pool of components provided to OEMs within Garrett's product families, excluding in house and focused on use cases where high-speed solutions matter), management estimates

4 / Expanding further in HVAC & Industrial compression

>$500M

Targeted 2030 Industrial sales

>20%

Industrial sales CAGR expected over the next decade

~$9B

• Developing in the Industrial space with automotive scale and quality

• Industrial turbo growth expected to be >2x to 2030, driven by power generation

• Delivering superior energy efficiency

© 2026 Garrett Motion Inc. 12

1 Addressable non-automotive industry (revenue pool of components provided to OEMs within Garrett's product families, excluding in house and focused on use cases where high-speed solutions matter), management estimates

5 / Garrett Turbo sales expected to be higher in 2035 than today

#1

Global turbo player1

Turbo technology evolution

Wastegate

Variable Nozzle Turbine (VNT)

Double Axle VNT

Large Free-Float

>50%

Turbo average new business win rate2 since 2018

Turbo portfolio expansion

E-Compressor

E-Turbo

Garrett MEG

>50%

• Industry expected to be stronger for longer: >45M turbocharged engines3 to be made in 2030

• More hybrids equal more turbos, and more advanced turbo technology

• Garrett's broadest portfolio, fulfilling need for higher technology content

© 2026 Garrett Motion Inc. 13

1. Turbo ranking based on 2025 results, as per management estimates

2. Reflects Garrett win rate on total turbo industry opportunities as of 12/31/2025

3. S&P Mobility 04/2026 for Light Vehicles and KGP 01/2026 for CV (including On-highway and Non-road), management estimates for Industrial

6 / Consistently delivering through best-in-class performance

Delivering best in class performance across cycles

<5%

RD&E % of sales

<3%

CAPEX % of sales

~75%

Adj. EBIT1 and margin1

$ Millions

$475

14.0%

Adj. FCF1

USD millions

$531

13.7%

13.2%

$485

14.2%

$510

$560

14.9%

<2x

• Maintaining Adjusted EBIT1 and Adjusted EBIT margin1 over cycles

• Portfolio expansion with comparable or accretive margins to current portfolio

• Expecting >$2B of cumulative Adj. Free Cash Flow1 (FCF) over next 5 years

© 2026 Garrett Motion Inc. 14

1 See appendix for reconciliations of Non-GAAP measures

6 / Transforming relentlessly

Sales mix1 Product content2 Capabilities3

2018

Aftermarket

CV & Industrial

Other

25%

Gasoline

Diesel

Gas VNT

3%

Mechanical

Electrical

9%

• Driving major transformation since spin-off

• Growth in gasoline offset diesel decline

• Led the shift to gas VNT

2025

Aftermarket

CV & Industrial

Other

Diesel

Gas VNT

28%

•

Electrical

39%

45%

Gasoline

Mechanical

© 2026 Garrett Motion Inc. 15

1. Based on total sales

2. Based on LV gasoline sales

3. Based on Engineering Full Time Equivalents

Expanding portfolio across multiple industries & applications

Industrial Commercial Vehicles Passenger Vehicles

Turbo

E-Powertrain

E-Cooling Compressor

Air & Fuel Cell Compressor

© 2026 Garrett Motion Inc. 16

Technology differentiation

Craig Balis

© 2026 Garrett Motion Inc.

A differentiated technology powerhouse, accelerating

>1,300

Engineers

• Mastering jet engine tech in high-speed turbo, 70 years of leadership

• Pushing technology boundaries and engineering efficiency with advanced tools

• Developing unique capabilities in differentiated technology pillars

~1,350

Patents and patents pending

High-speed turbo-compressors

Oil-free foil bearings

High-speed electric motors

High-speed power electronics

Advanced control software

6 decades of innovation Accelerated portfolio expansion

6

1955

1st Garrett turbo, CV

1995

1st passenger car VNT

2008

1st turbo on gas hybrid car

2017

1st high-volume gas VNT

2022

1st E-Turbo in high-volume

2025

1st high-power E-Compressor

2027

1st high-speed E-Powertrain

2027

1st Industrial E-Cooling compressor

1962

turbo on gas passenger car SOP

2002

1st E-Turbo patent

2016

1st centrifugal fuel cell compressor

2020

turbo control software

2024

Gen3 fuel cell compressor

2026

1st hybrid power split controls

2027

1st MEG Industrial turbo

2027

1st Industrial air compressor

© 2026 Garrett Motion Inc. 18

Aerodynamics

Air compressed up to 6x into the engine

Rotordynamics

Bearings

Balancing

Materials

Up to 1900F engine exhaust in

© 2026 Garrett Motion Inc.

19

Pushing technology boundaries

Example of advanced simulation and AI tools

New designs &

High fidelity simulation of compressor aerodynamics

Combined inverter thermal and fluid flow simulation

Agentic design of gas passage

performance and technology

optimized performance Robust product durability New proprietary materials

High fidelity simulation

Multi-physics simulation

a

Knowledge management

Agentic design

Generative design

reduction in

Virtual prototypes in days vs. months

Designs in hours vs. days

DEPLOYED DEVELOPING

development cycle time

System Modeling

Materials modeling

Machine learning optimization

Multi-physics optimization

Auto-coding & test

less RD&E spend to develop a new product

Less engineering manhours/design

Reduced prototype testing costs

System model of compressor, fuel cell, motor, and truck

Material grain structure modeling for cast turbine wheel

Neural net compressor blade parametric design space optimization path

20 © 2026 Garrett Motion Inc.

Garrett Motion Inc.