Lear Corporation · NYSE:LEA
Lear — Investor Presentation (December 2025)
34 slides from Lear's investor presentation, December 2025
Slide 1: Investor PPT Overview
InvestorPPTOverview Corporate Template – Do not use this slide December 2025
Slide 2: Safe Harbor Statement
Safe Harbor Statement Forward-Looking Statements This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding anticipated financial results and liquidity. The words “will,” “may,” “designed to,” “outl
Slide 3: Lear At A Glance
Lear At A Glance A Global Automotive Supplier Sales of $23.3 Billion in 2024 SEATING $17.2 billion 2024 sales E-SYSTEMS $6.1 billion 2024 sales Leads in Top 3 Finishes in J.D. Power 2024 U.S. Seat Quality Awards ~173,700 EMPLOYEES GLOBALLY 100+ Industry leading talent and technical expertise FORTUNE
Slide 4: Global Footprint
Global Footprint Europe E-Systems Europe Regional Headquarters & Africa North America Valls, Spain South America Europe Seating 76,300 Regional Headquarters Regional Headquarters 64,500 São Paulo, Brazil Munich, Germany employees employees 77 Global Asia Regional 103 Headquarters facilities faciliti
Slide 5: Our Commitment to a Low-Carbon Future
Our Commitment to a Low- Carbon Future Lear aspires to Net-Zero Emissions 2030 by 2050 50% reduction in Scopes 1 & 2 carbon emissions at our facilities* (SBTi validated) 100% renewable energy for electric power consumed at our facilities 2033 United Nations Global 35% reduction in Scope 3 emissions*
Slide 6: Key Financials and Diversification by Region and Customer
Key Financials Well-Diversified By Region and Customer 2025 Outlook* ($ in millions, except per share amounts) 2023 2024 (Mid-Point) 2024 Percentage of Sales Net Sales $23,467 $23,306 $23,000 By Region By Customer 3% Core Operating Earnings** $1,120 $1,096 $1,025 22% 19% Operating Margin % 4.8% 4.7%
Slide 7: Capital Allocation Driving Shareholder Value
Capital Allocation Driving Shareholder Value Strong balance sheet supports growth and capital returns to shareholders SHARE REPURCHASES AND DIVIDENDS • BBB credit rating at S&P, Moody’s and Fitch • No debt maturities until 2027 • Low cost of bonds averaging less than 4% $612 $574 • Total available l
Slide 8: Long-Term Strategic Priorities
Long-Term Strategic Priorities Growing our Supporting our Extending Expanding margins capabilities in sustainable value our global through our operational creation with leadership focused portfolio excellence through disciplined capital in Seating in E-Systems IDEA by Lear allocation Lear Proprietar
Slide 9: Strategic Actions Improving Margin Profiles and Cash Flow Generation
Strategic Actions Improving the Margin Profiles and Cash Flow Generation of Both Business Segments Strategic Actions Near-Term Mid-Term Long-Term Efficiency improvements in North America wire Lower launch costs and prioritized capital expenditures to align with anticipated volumes Customer commercia
Slide 10: IDEA is the evolution of Lear's strategy
IDEA is the evolution of Lear’s strategy to drive growth and improve profitability by developing innovative products and utilizing advanced technology to extend our leadership position in operational excellence • Continuing competitive advantages in operational excellence, vertical integration and i
Slide 11: Growing with Key Chinese Domestic Automakers
Growing with Key Chinese Domestic Automakers CHINA REVENUE BY CUSTOMER 2024 Actual 2025 Outlook 2027 Target ≈33% with Chinese ≈37% with Chinese ≈50% with Chinese Domestic Automakers Domestic Automakers Domestic Automakers Global Other Global Other Other EV OEM EV OEM Global EV OEM Chinese Domestic A
Slide 12: Key Growth and Margin Improvement Metrics Scorecard
Key Growth and Margin Improvement Metrics Scorecard Growth Metric Q3 Update Margin Improvement Status YTD 2025 Targets Metric Won conquest awards in Asia and South IDEA / Automation Conquest Wins - JIT ≈$50 million ≈$70 million America Savings Won three low-voltage wire conquest Conquest Wins - Wire
Slide 13: Global Vehicle Production and Currency
Global Vehicle Production and Currency 2025 Full Year Outlook INDUSTRY PRODUCTION (units in millions) GLOBAL NORTH AMERICA EUROPE AND AFRICA CHINA FY 2024 88.3 15.4 17.6 29.0 FY 2025 90.0 15.1 17.2 30.8 UP 2% YOY DOWN 2% YOY DOWN 2% YOY UP 6% YOY Prior Outlook: FLAT Prior Outlook: Down 4% Prior Outl
Slide 14: 2025 Full Year Outlook
2025 Full Year Outlook Interest Expense Net Sales ≈$105 million Operating Cash Flow $22,850 - $23,150 million Prior Outlook $110 million $1,035 - $1,085 million Prior Outlook $22,470 - $23,070 million Prior Outlook $1,010 - $1,110 million Effective Tax Rate Core Operating Earnings 20% - 22% Capital
Slide 15: JLR Impact
JLR Impact Timeline Impact • August 31st – JLR’s systems were compromised by a • Operating income amounts include impact from cyberattack trapped labor • September 1st – JLR halted global production across all • Q3 2025 impact manufacturing plants and retail operations ─ Revenue ≈$111 million • Octo
Slide 16: Seating
Seating PPT Corporate Template – Do not use this slide
Slide 17: Seating at a Glance
Seating at a Glance Leader in world-class automotive seating systems with 26% global market share and largest provider of luxury solutions Most vertically integrated supplier of complete automotive seat systems Innovative solutions, such as including Just-In-Time ("JIT") ComfortFlex by LearTM, Comfo
Slide 18: Evolution of Lear's Seating Business
Evolution of Lear’s Seating Business % - JIT Market Share THERMAL COMFORT & EXPANDING CORE BUSINESS VERTICAL INTEGRATION EXPANSION AUTOMATION MARKET LEADERSHIP FlexAirTM ComfortFlex by LearTM AI and Software ComfortMax Seat by LearTM Automation Solutions Thermal Comfort End-of-Line Testing & 29% Sur
Slide 19: Seating Core Product Portfolio
Seating Core Product Portfolio + THERMAL COMFORT SYSTEMS Vertical integration of lumbar, massage, and thermal Unmatched product portfolio driving better in-vehicle experiences luxury comfort products complements Lear's suite of Seating technologies • ComfortFlex : proprietary technology that + COMPL
Slide 20: Industry Leading Global Seating Supplier
Industry Leading Global Seating Supplier SALES BY REGION TOP 5 CUSTOMERS ADJUSTED OPERATING MARGIN* Europe & Africa North America 8.0%+ 6.5% 6.4% $17.2B 2024 Seating Sales 2024 2025 Outlook Mid-Term Target Asia South Pacific America 4% VALUE DRIVERS • Poised for industry volume recovery • Growing th
Slide 21: Lear's Competitive Advantage in Seating
Lear’s Competitive Advantage in Seating Most vertically integrated global supplier in the world Complete Capabilities Globally CORE SEATING THERMAL COMFORT Steering Structures Seating Wheel & Complete & Fabric & Electronics & Seat Seat Lumbar & Panel Seat Mechanisms Foam Cut & Sew Leather Software H
Slide 22: Seating Key 2025 Product Launches
Seating Key 2025 Product Launches = Hybrid / Electric Vehicle = Luxury Land Rover Cadillac Escalade Hyundai Palisade Ram 1500 Ramcharger Polestar 5 BYD Tang L Range Rover / Sport PHEV IQL DELAYED TO 2026 JIT, Thermal Comfort JIT, Thermal Comfort ComfortFlexTM JIT, Thermal Comfort JIT, Structures JIT
Slide 23: E-Systems
E-Systems Lear Proprietary and Confidential: The information contained herein is the exclusive property of Lear Corporation. This data shall not be disseminated or republished without the prior written consent of Lear Corporation.
Slide 24: E-Systems at a Glance
E-Systems at a Glance Leader in signal distribution and power management across all vehicle architectures Innovative leader connecting networks and Fully integrated supplier Technology leader facilitating electrical signals and through design, signal, data and power managing electrical power Our cus
Slide 25: E-Systems Product Portfolio
E-Systems Product Portfolio Delivering expertise across complete electrical architectures + ELECTRICAL DISTRIBUTION SYSTEMS + BATTERY DISCONNECT UNITS AND ELECTRONIC PRODUCTS Proven partner with full-service capabilities across power, Experienced leader in power and thermal management and signal and
Slide 26: Well-Diversified and Growing Global E-Systems Supplier
Well-Diversified and Growing Global Electrical Distribution and Connection Systems & Electronics Supplier SALES BY REGION TOP 5 CUSTOMERS ADJUSTED OPERATING MARGIN* North Europe America & Africa 8.0% $6.1B 5.1% 2024 E-Systems 4.5% Sales South America 2024 2025 Outlook Mid-Term Target Asia 4% Pacific
Slide 27: E-Systems Key 2025 Product Launches
E-Systems Key 2025 Product Launches = Hybrid / Electric Vehicle Land Rover Ford Expedition / Renault & Nissan Chevrolet Bolt EV Volvo ES90 Audi Q5 Range Rover / Sport PHEV Lincoln Navigator Cross Platform Low Voltage Wiring High Voltage Wiring and Low Voltage Wiring Low Voltage Wiring Low Voltage Wi
Slide 28: Summary
Summary Lear Proprietary and Confidential: The information contained herein is the exclusive property of Lear Corporation. This data shall not be disseminated or republished without the prior written consent of Lear Corporation.
Slide 29: Lear Strategically Positioned to Drive Value for Shareholders
Lear Strategically Positioned to Drive Value for Shareholders Extending Seating Expanding E-Systems margins global leadership through focused portfolio • Growing 26% global JIT market share with ≈50% share in luxury • Focused product portfolio is well positioned for long-term growth • Most verticall
Slide 30: Appendix
Appendix PPT Corporate Template – Do not use this slide
Slide 31: Non-GAAP
Non-GAAP In addition to the results reported in accordance with GAAP included throughout the presentation, the Company has provided information regarding “pretax income before equity income, interest, other expense, restructuring costs and other special items” (core operating earnings or adjusted se
Slide 32: Non-GAAP
Non-GAAP 32 Lear Proprietary: The information contained herein is the property of Lear Corporation.
Slide 33: Non-GAAP
Non-GAAP 33 Lear Proprietary: The information contained herein is the property of Lear Corporation.
Slide 34: Non-GAAP
Non-GAAP 34 Lear Proprietary: The information contained herein is the property of Lear Corporation.