Phinia Inc. · NYSE:PHIN
Phinia — Q3 2026 Earnings Presentation
24 slides from Phinia's earnings presentation, October 2026
Slide 1: Q3 2026 Earnings
PHINIA EARNINGS Delphi = Mi netcoremy | @hartridge
Slide 2: Forward-Looking Statements and Non-GAAP Financial Measures
Forward-Looking Statements This presentation contains forward-looking statements within the meaning of U.S. federal securities laws. Forward-looking statements are statements other than historical fact that provide current expectations or forecasts of future events based on certain assumptions and a
Slide 3: Glossary
GLOSSARY Acronym Definition ADJ Adjusted AOI Adjusted Operating Income BEV Battery Electric Vehicle CAGR Compound Annual Growth Rate CNG Compressed Natural Gas CV Commercial Vehicle EBITDA Earnings Before Interest, Tax, Depreciation & Amortization EPS Earnings Per Share EMS Engine Management Systems
Slide 4: Long-Term Value Creation
LONG-TERM VALUE CREATION EXECUTING STRATEGIES TO DELIVER CONSISTENT SHAREHOLDER RETURNS Product Leadership • Leading Competitive Position Stable Growth • Diverse Industrial Markets Financial Discipline • Consistent and Reliable Performer Maximizing Total Shareholder Returns 4
Slide 5: Stable Growth Through Diversity of End Markets
STABLE GROWTH THROUGH DIVERSITY OF END MARKETS DIVERSIFIED INDUSTRIAL Net Sales Splits – 2025 Resilience, Growth, & Flexibility Resilient End-Market with Unique Cycles & Dynamics. Strong Demand with Minimal Anticipated Impact from BEV Penetration Emerging Growth Industries: Off-Highway, Industrial,
Slide 6: Third Quarter 2026 Highlights
THIRD QUARTER 2026 HIGHLIGHTS COMMITTED TO FINANCIAL SUCCESS $912M Net Sales Key Financial Metrics • 14.0% Total Segment Adj. $135M 14.8% Adjusted EBITDA(1) & Margin(1) Operating Income Margin • 12.1% Power Systems • 17.1% Aftermarket Solutions $1.83 Adjusted Diluted EPS(1) (1) Third-Quarter Strong
Slide 7: Segment Wins: Power Systems
SEGMENT WINS POWER SYSTEMS PHINIA is Winning and Retaining Business Across Multiple Markets and Regions. Notable Wins in Q3 Include: New Business Incumbent Business Extension Business Industrial & Alternative Fuels CNG Light Passenger Vehicle Range-Extender Application First methanol engine program,
Slide 8: Segment Wins: Aftermarket Solutions
SEGMENT WINS AFTERMARKET SOLUTIONS New Business Distribution & Market Product Expansion New customer win for the North American Won competitive-conquest Aftermarket Secured new business across diesel, fuel injector remanufacturing business, braking business in Spain and expanded vehicle electronics
Slide 9: Product Launches
PRODUCT LAUNCHES DRIVING GROWTH THROUGH INNOVATION PHINIA is Delivering the Next Generation of Solutions and Expanding Our Market Leadership. Notable Product Launches in Q3 Include: Flex-Fuel Expansion CV Expansion Advanced GDI Tech LCV Expansion Launched Heated Tip Injector for a flex- Launched a f
Slide 10: Disciplined Capital Allocation
DISCIPLINED CAPITAL ALLOCATION PHINIA MODEL Retu rn t al a pi C Life-to-Date ve Maximizing Total Through Q3 2026 iti $741M 20% Shareholder Return et mp $142M Total Shareholder Returned to Shareholders (2) Dividend Sustainable Free Cash Co Growth (2) Dividends Paid(1) ~4% Flow Generation 26% Inve Cap
Slide 11: Q3 2026 Net Sales
Q3 2026 NET SALES STRONG PERFORMANCE SUSTAINS FISCAL YEAR MOMENTUM in millions ($) $21 $4 $(21) $912 $908 Core Drivers Tariffs FX Primarily Driven by Timing of Tariff Mainly Driven by CNY Higher Sales in the Recovery and BRL, Partially Americas, Partially Mechanisms with Offset by EUR and Offset by
Slide 12: Q3 2026 Adjusted EBITDA
Q3 2026 ADJUSTED EBITDA (1) FUELING THE MOMENTUM in millions ($) $3 $3 $(4) $133 $135 14.8% 14.6% Core Drivers Net Tariffs Others Favorable Product Timing of Tariff Primarily Driven by Mix, Partially Offset Recovery Timing of R&D Costs by the Non-Repeat Mechanisms of Favorable Customer Pricing Actio
Slide 13: Updated 2026 Full Year Outlook
UPDATED 2026 FULL YEAR OUTLOOK (1) ACCELERATING PERFORMANCE Net Sales Adj. Free Cash Flow (2) FY 2026 Outlook $3,625 - $3,675M FY 2026 Outlook 4% to 6% YoY Growth $220 - $250M Adj. EBITDA & Margin (2) (2) Adj. Effective Tax Rate (2) FY 2026 Outlook $500 - $520M FY 2026 Outlook 13.7% - 14.1% 28% - 30
Slide 14: Ready to Deliver: Expected Consistent Performance Through the Decade
EXPECTED CONSISTENT PERFORMANCE THROUGH THE DECADE READY TO DELIVER S c ale with Growth al l ob G 2–4% Average Organic (1) Revenue CAGR Mo dest Leverage Target Hig h l y C as h >40% ~1.5X Adj. FCF Net Conversion (2) Leverage(2) Ge n 14–15% era tiv Adjusted e (2) EBITDA Margin r g ins Strong Ma (1) E
Slide 15: Appendix
PHINIA APPENDIX =. Practical Solutions. | Delphi = Mi netcoremy | @hartridge
Slide 16: Stable Growth Through Diversity of End Markets
STABLE GROWTH THROUGH DIVERSITY OF END MARKETS ADVANCING SUSTAINABILITY TODAY, POWERING A CLEANER TOMORROW SERVICE LIGHT LIGHT MEDIUM AND OFF-HIGHWAY, PASSENGER COMMERCIAL HEAVY-DUTY INDUSTRIAL, AND VEHICLE VEHICLE COMMERCIAL OTHER (LPV) (LCV) VEHICLE (OFF-HWY/IND./ (MD/HD CV) OTHER) Includes Vehicl
Slide 17: Q3 2026 – Power Systems
Q3 2026 – POWER SYSTEMS Net Sales & Segment Adj. Operating Income Net Sales $571 $(5) $(10) $5 $561 $2 $76 Segment Adj. Operating Income & Margin $(6) $(4) 13.3% $68 12.1% Core Drivers Tariffs FX & Other Sales & AOI Sales & AOI Sales Largely Attributable Timing of Tariff Driven by FX to the Non-Repe
Slide 18: Q3 2026 – Aftermarket Solutions
Q3 2026 – AFTERMARKET SOLUTIONS Net Sales & Segment Adj. Operating Income Net Sales $337 $26 $(11) $(1) $351 $9 $1 Segment Adj. Operating Income & Margin $(1) $60 17.1% $51 15.1% Core Drivers Tariffs FX & Other Sales Sales & AOI AOI Driven by Increased Timing of Tariff Primarily Driven by FX Sales i
Slide 19: Historical Quarterly Financial Metrics
HISTORICAL QUARTERLY FINANCIAL METRICS 2026 2025 Q1 Q2 Q3 YTD Q1 Q2 Q3 Q4 FY Power Systems $ 549 $ 584 $ 561 $ 1,694 $ 490 $ 556 $ 571 $ 560 $ 2,177 Aftermarket Solutions 329 356 351 1,036 306 334 337 329 1,306 Net Sales $ 878 $ 940 $ 912 $ 2,730 $ 796 $ 890 $ 908 $ 889 $ 3,483 Power Systems 51 64 6
Slide 20: Adjusted EBITDA and Margin Reconciliation to US GAAP
ADJUSTED EBITDA AND MARGIN RECONCILIATION TO US GAAP The Company defines adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) as net earnings less interest, taxes, depreciation and amortization, adjusted to exclude the impact of restructuring expense, separation-related c
Slide 21: Adjusted Operating Income and Margin Reconciliation to US GAAP
ADJUSTED OPERATING INCOME AND MARGIN RECONCILIATION TO US GAAP The Company defines adjusted operating income as operating income adjusted to exclude the impact of restructuring expense, separation-related costs, merger and acquisition expense, impairment charges, other net expenses, and other gains
Slide 22: Adjusted Net Earnings and Adjusted EPS Reconciliation to US GAAP
ADJUSTED NET EARNINGS AND ADJUSTED NET EARNINGS PER DILUTED SHARE RECONCILIATION TO US GAAP The Company defines adjusted net earnings and adjusted net earnings per diluted share as net earnings and net earnings per share adjusted to exclude: (i) the tax-effected impact of restructuring expense, sepa
Slide 23: Adjusted Free Cash Flow Reconciliation to GAAP
ADJUSTED FREE CASH FLOW RECONCILIATION TO GAAP The Company defines adjusted free cash flow as net cash provided by operating activities after adding back adjustments related to the ongoing effects of separation-related transactions, less capital expenditures, including tooling outlays. Management be
Slide 24: PHINIA
—>PHINIA Delphi HB neicoremy hartridge