Autoliv, Inc. · NYSE:ALV
Autoliv — Q2 2026 Earnings Presentation
26 slides from Autoliv's earnings presentation, Jul 17, 2026
Slide 1: Saving More Lives
Saving More Lives Earnings Call Presentation 2nd Quarter 2026 July 17, 2026 July 17, 2026 ALV – Q2 2026 Earnings Call and Webcast Copyright Autoliv Inc., All Rights Reserved Public
Slide 2: Safe Harbor Statement
Safe Harbor Statement* This report contains statements that are not historical facts but rather forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward- looking statements include those that address activities, events or developments that A
Slide 3: Q2'26 Key Highlights – Positive Momentum Continues Across Key Areas
Q2’26 Key Highlights – Positive Momentum Continues Across Key Areas Record Sales for a second quarter – Driven by strong growth in India, Japan and with Chinese OEMs − India was the largest contributor to growth − Sales to Chinese OEMs increased by 44% – driven by recent launches − Sales exceeded
Slide 4: Autoliv Continuous Structural Cost Reductions
Autoliv Continuous Structural Cost Reductions Discontinuing Manufacturing Operations in Türkiye Continue to optimize our manufacturing footprint to ensure long-term competitiveness and operational sustainability Autoliv will gradually discontinue its manufacturing operations in Türkiye, which in
Slide 5: Q2'26 Financial Overview: Record sales, Adjusted operating income and Operating cash flow
Q2’26 Financial Overview: Record sales, Adjusted operating income* and Operating cash flow for a second quarter Consolidated Sales Adjusted Operating Income* Operating Cash Flow US$ -Millions US$ -Millions US$ -Millions 3% 7% 157 $2,714 $2,803 $270 $434 $251 9.6% Adj. 9.3% Adj. Op. Margin* Op. Margi
Slide 6: Cost Efficiency
Cost Efficiency Positive Momentum Continues Across Most KPIs Direct Labor Productivity Index Gross Margin SG&A and RD&E, net Operating Cash flow LTM Sales in relations to Average Headcount % US$ -Millions and in relations to sales US$ -Millions 300 11.0% 1,250 160 22% 140 250 10.0% 1,050 20% 120 200
Slide 7: Q2'26 Light Vehicle Market Development
Q2’26 Light Vehicle Market Development LVP* Customer Call-off Accuracy** 10% S. America 100% Normal Japan Rest China Level of Asia COEMs* 5% E.Europe Global N. America 0% Total -0.3% W.Europe 80% -5% -10% -15% 60% -20% China GOEMs* Higher safety content markets Approximately -60 bps of headwinds fro
Slide 8: Q2'26 Sales Growth and Regional Sales Split
Q2’26 Sales Growth and Regional Sales Split Sales Bridge Organic Sales1 vs. LVP2 US$ millions China $62 $2,803 COEMs3 $32 +41pp $2,714 20 pp -$5 15 pp 10 pp Asia excl. China 5 pp Outperformance +1.3pp Europe 0 pp -5 pp Americas China GOEMs3 -10 pp Price volume mix Currency Q2´25 Tariff compensations
Slide 9: Q2'26 New Launches
Q2’26 New Launches Important Model Launches Product Launches per quarter Nio ES9 Toyota Hilux 250 200 150 100 Luxeed V9 from Chery 50 Wey V9X from Great Wall 0 Q1 Q2 Q3 Q4 2025 2026 July 17, 2026 ALV – Q2 2026 Earnings Call and Webcast Copyright Autoliv Inc., All Rights Reserved Public
Slide 10: Financials
Financials July 17, 2026 ALV – Q2 2026 Earnings Call and Webcast Copyright Autoliv Inc., All Rights Reserved Public
Slide 11: Q2'26 Financial Overview
Q2’26 Financial Overview US$ Millions unless specified Q2’26 Q2’25 Sales $2,803 $2,714 Gross Profit $509 18.2% $501 18.5% Adj. Operating Income1 $270 9.6% $251 9.3% Adj. EPS -assuming dilution1 $2.43 $2.21 Adj. RoCE1,2 25% 24% Adj. RoE1,2 28% 28% Operating cash flow $434 $277 Dividend paid per share
Slide 12: Q2'26 Adjusted Operating Income Bridge
Q2’26 Adjusted Operating Income* Bridge $18 350 300 $61 -$21 $4 $270 -$15 -$6 $251 -$5 250 • Operations Primarily driven by cost reductions and organic sales growth US$ Millions 200 • RD&E and SG&A presented exclude ~$6 150 million from FX translation effects and the supplier compensation reversal o
Slide 13: Cash Flow
Cash Flow Capex & Net cash provided by operating activities Record cash flow for a second quarter -US$ Millions unless specified Q2´26 Q2´25 LTM 2025 Net Income $101 $168 $643 $736 Depreciation & Amortization 115 100 434 407 Other, net -21 -5 41 26 Change in operating WC 240 15 43 -12 Net cash provi
Slide 14: Debt Leverage Ratio
Debt Leverage Ratio* Remains below our target limit of 1.5x Net Debt * / EBITDA ** Net Debt* and EBITDA** per the Policy Times US$ Millions 2.0 Net Debt EBITDA LTM 2,000 1.5 1,500 1.2x 1.0 Long-Term Target: ≤1.5x 1,000 0.5 0.0 500 Q2´23 Q4´23 Q2´24 Q4´24 Q2´25 Q4´25 Q2´26 Q2´23 Q4´23 Q2´24 Q4´24 Q2´
Slide 15: Outlook 2026
Outlook 2026 July 17, 2026 ALV – Q2 2026 Earnings Call and Webcast Copyright Autoliv Inc., All Rights Reserved Public
Slide 16: Light Vehicle Production Outlook
Light Vehicle Production Outlook Global Light Vehicle Production* according to S&P Global in July 2026 LVP* per Quarter according to S&P* 25 24 -4.9% 23 -0.3% -2.1% 22 Global Total 21 Million units -2.3% Autoliv guidance is based on global 20 LVP decreasing around -2.5% in 2026 19 18 17 16 15 Q1 Q2
Slide 17: H2'26 vs. H1'26: Margin Support from Higher Sales, Engineering Income and Raw Material Cost Recoveries
H2´26 vs. H1´26 : Margin Support from Higher Sales, Engineering Income and Raw Material Cost Recoveries Margin expansion expected to be driven by higher sales, engineering income and customer compensations We expect Q3´26 adjusted operating margin* to be around the first half year 2026 level C
Slide 18: Full Year 2026 Guidance with Updated Assumptions
Full Year 2026 Guidance1 with Updated Assumptions Full Year 2026 Guidance Organic sales increase2 Around 0% unchanged Adjusted Operating margin2 Around 10.5 to 11% unchanged Operating Cash flow3 Around $1.2 billion unchanged Capex, net % of sales Less than 5% unchanged Assumptions Exchange Rates US$
Slide 19: Q&A
Q&A July 17, 2026 ALV – Q2 2026 Earnings Call and Webcast Copyright Autoliv Inc., All Rights Reserved Public
Slide 20: Autoliv Innovation Center – Accelerating Growth and Advancing Life-Saving Mobility Solutions
Autoliv Innovation Center – Accelerating Growth and Advancing Life-Saving Mobility Solutions Incubation Modelling & Prototyping Pilot Testing Simulation Production Customer solutions Customer needs Research Architecture & Development Process Scaling New Functions Development ~64,000 collegues & capa
Slide 21: Saving More Lives
Saving More Lives July 17, 2026 ALV – Q2 2026 Earnings Call and Webcast Copyright Autoliv Inc., All Rights Reserved Public
Slide 22: Q2'26 Product Volumes
Q2´26 Product Volumes Autoliv Quantities Delivered Q2’26 vs. PY** (%) (Millions unless specified) Seatbelts 35.2 -2% Pretensioners (of which) 24.7 -2% Active Seatbelts (of which) 1.4 -7% Frontal Airbags 15.3 1% Knee Airbags (of which) 1.9 19% Side Airbags 38.4 11% Chest (Thorax) 20.6 11% H
Slide 23: Reconciliation of GAAP Operating margin to Adjusted Operating margin
Reconciliation of GAAP measure "Operating margin" to Non-GAAP measure "Adjusted Operating margin" We believe that comparability between periods is improved through the exclusion of certain items. To assist investors in understanding the operating performance of Autoliv's business, it is useful to co
Slide 24: Reconciliation of Leverage ratio & Adjusted EBITDA
Reconciliation of Non-US GAAP measure “Leverage ratio & Adjusted EBITDA" The non-U.S. GAAP measure “net debt” is also used in the non-U.S. GAAP measure “Leverage ratio”. Management uses this measure to analyze the amount of debt the Company can incur under its debt policy. Management believes that t
Slide 25: Reconciliation of Non-US GAAP measure Net Debt
Reconciliation of Non-US GAAP measure “Net Debt" (Dollars in millions) 2026 2025 2024 2023 Dec Sep Dec Sep Dec Sep Jun 30 Mar 31 Jun 30 Mar 31 Jun 30 Mar 31 Jun 30 31 30 31 30 31 30 Short-term debt $350 $393 $419 $654 $679 $540 $387 $624 $455 $310 $538 $590 $481 Long-term debt 1,688 1,699 1,734 1,37
Slide 26: Reconciliation of GAAP EPS diluted to Adjusted EPS diluted
Reconciliation of GAAP measure "Earnings per share - diluted" to Non-GAAP measure "Adjusted Earnings per share - diluted" (Dollars in millions) 2026 2025 Second Quarter Earnings per share - diluted (GAAP) $1.35 $2.16 Non-GAAP adjustments: Less: Capacity alignments - operating 1.04 0.02 Less: Capacit