Slide 1: Q2 2026 Earnings
PHINIA EARNINGS Delphi = Mi netcoremy | @hartridge
Slide 2: Forward-Looking Statements; 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 BPS Basis Points CAGR Compound Annual Growth Rate CV Commercial Vehicle EBITDA Earnings Before Interest, Tax, Depreciation & Amortization ECU Electronic Control Unit EPS Earnings Per Share EMEA Europe
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: PHINIA Acquisition of STOBA Group
PHINIA ACQUISITION OF STOBA GROUP FOCUSED ON LONG-TERM VALUE CREATION 100% Equity Acquisition, Expected to be Funded Through Existing Liquidity. Q4 2026 Anticipated Close, Subject to Customary Regulatory Approvals and Closing Conditions ~$150M Purchase Price (1) EXPERTISE RESILIENCE SYNERGY EXPANSIO
Slide 7: PHINIA Acquisition of STOBA Group: Broad End Market Exposure
PHINIA ACQUISITION OF STOBA GROUP BROAD END MARKET EXPOSURE GLOBAL REACH. PROVEN EXCELLENCE. Excellence Leading precision machining company expected to enhance PHINIA’s ability to deliver high-precision components, systems, and integrated solutions globally Reach Serves a broad range of strategic se
Slide 8: Second Quarter 2026 Highlights
SECOND QUARTER 2026 HIGHLIGHTS COMMITTED TO FINANCIAL SUCCESS $940M Net Sales Key Financial Metrics • 13.3% Total Segment Adj. $130M 13.8% Adjusted EBITDA(1) & Margin(1) Operating Income Margin • 11.0% Fuel Systems • 17.1% Aftermarket $1.53 Adjusted Diluted EPS(1) (1) Second-Quarter Strong Financial
Slide 9: Segment Wins: Fuel Systems
SEGMENT WINS FUEL SYSTEMS PHINIA is Winning and Retaining Business Across Multiple Markets and Regions. Notable Wins in Q2 Include: New Business Incumbent Business Extension Business A heated-tip multi-point fuel injection (MPFI) A 24V starter program supporting a Class 8 A complete common rail syst
Slide 10: Segment Wins: Aftermarket
SEGMENT WINS AFTERMARKET New Business Distribution & Market Product Expansion Opened vehicle electronics distribution Expanded the global aftermarket footprint Introduced more than 2,650 new SKUs with a leading pan-European distributor, through new customer acquisitions, branch globally during the f
Slide 11: 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 Q2 Include: Advanced Technology CV Expansion Platform Expansion A 500-bar GDI system launch for premium A fuel delivery module lau
Slide 12: Disciplined Capital Allocation
DISCIPLINED CAPITAL ALLOCATION PHINIA MODEL Retu rn t al a pi C Life-to-Date ve Maximizing Total Through Q2 2026 iti $665M 20% Shareholder Return et mp $131M Total Shareholder Returned to Shareholders (2) Dividend Sustainable Free Cash Co Growth (2) Dividends Paid(1) ~4% Flow Generation 24% Inve Cap
Slide 13: Q2 2026 Net Sales
Q2 2026 NET SALES STRONG PERFORMANCE SUSTAINS FISCAL YEAR MOMENTUM in millions ($) $18 $21 $18 $940 $(7) $922 $890 Core Drivers Tariffs FX M&A Primarily Driven Tariff Pass- Mainly Driven by Newly Acquired by Higher Sales Through Strengthening of: SEM Business in the Americas CNY $8 EUR $6 BRL $6 Q2
Slide 14: Q2 2026 Adjusted EBITDA
Q2 2026 ADJUSTED EBITDA (1) FUELING THE MOMENTUM in millions ($) $11 $3 $(9) $130 $126 $(1) $127 13.8% 14.2% Core Drivers Net Tariffs Others M&A Primarily Driven Net Tariff Primarily Driven Newly Acquired by Product Mix, Refund by Employee SEM Business Partially Offset Compensation by Cost Control M
Slide 15: Updated 2026 Full Year Outlook
UPDATED 2026 FULL YEAR OUTLOOK ACCELERATING PERFORMANCE Net Sales Adj. Free Cash Flow (1) FY 2026 Outlook $3,565 - $3,665M FY 2026 Outlook 2% to 5% YoY Growth $210 - $250M Adj. EBITDA & Margin (1) (1) Adj. Effective Tax Rate (1) FY 2026 Outlook $485 - $515M FY 2026 Outlook 13.5% - 14.1% 30% - 33% (1
Slide 16: 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 17: Appendix
PHINIA APPENDIX =. Practical Solutions. | Delphi = Mi netcoremy | @hartridge
Slide 18: 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 19: Q2 2026 – Fuel Systems
Q2 2026 – FUEL SYSTEMS Net Sales & Segment Adj. Operating Income Net Sales $556 $3 $(5) $12 $18 $584 $3 $2 $64 Segment Adj. Operating Income & Margin $62 $(2) $(1) $61 11.0% 11.2% Core Drivers Tariffs FX & Other M&A Sales Sales & AOI Sales Newly Acquired SEM Customer Pricing Net Tariff Pass- Driven
Slide 20: Q2 2026 – Aftermarket
Q2 2026 – AFTERMARKET Net Sales & Segment Adj. Operating Income Net Sales $334 $15 $(2) $9 $356 $9 $1 Segment Adj. Operating Income & Margin $(6) $61 $57 17.1% 17.1% Core Drivers Tariffs FX & Other Sales Sales & AOI Sales Driven by Increased Net Tariff Pass- Driven by FX Sales in the Americas Throug
Slide 21: Historical Quarterly Financial Metrics
HISTORICAL QUARTERLY FINANCIAL METRICS 2026 2025 Q1 Q2 FY Q1 Q2 Q3 Q4 FY Fuel Systems $ 549 $ 584 $ 1,133 $ 490 $ 556 $ 571 $ 560 $ 2,177 Aftermarket 329 356 685 306 334 337 329 1,306 Net Sales $ 878 $ 940 $ 1,818 $ 796 $ 890 $ 908 $ 889 $ 3,483 Fuel Systems 51 64 115 46 62 76 60 244 Margin % 9.3% 1
Slide 22: 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 23: 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 24: 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 25: 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 26: PHINIA
—>PHINIA Delphi HB neicoremy hartridge