Adient Plc · NYSE:ADNT
Adient — BofA Securities 2021 Global Automotive Summit
13 slides from Adient's conference presentation, Mar 30, 2021
Slide 1: 2021 Global Automotive Summit
7 ADIENT 7 March 30, 2021 BofA Securities 2021 Global Automotive Summit
Slide 2: Important Information
4 ~ Important Information ADIENT Adient has made statements in this document that are forward-looking and, therefore, are subject to risks and uncertainties. All statements in this document other than statements of historical fact are statements that are, or could be, deemed “forward-looking stateme
Slide 3: Today's agenda and presenters
ig” ADIENT Lf” Today’s agenda and presenters - Executive summary: recent announcements - Rationale for strategic transformation in China Doug Del Grosso s i ASEAGH ahs eae Use of proceeds & pro forma Adient - Current operating environment Jeff Stafeil Executive VP and CFO
Slide 4: Executive summary
x . 4 Executive summary ADIENT \ Adient recently announced a strategic transformation in China \ Adient entered into definitive agreements with joint venture partner Yanfeng Automotive Trim Systems Ltd. (YF) to end its Yanfeng Adient Seating Co., Ltd. (YFAS) joint venture in China. \ The transaction
Slide 5: Rationale
~ Rationale \ Aligns with China auto industry trend in post-JV era \ Global manufacturers such as Tesla, VW, BMW have moved towards majority-owned business model and away from JV model after China abolished its JV requirements in 2018 with OEMs \ Similar trend taking place with leading Chinese manuf
Slide 6: Adient - PUBLIC
• ~ ~ • Daqing • Changchun • Beijing Shenyang ~ Dalian Langfang Tianjin • ~ Hefei Xi’an Shanghai Hangzhou Chengdu Wuhan Nanchang Ningbo Chongqing Changsha Liuzhou Guangzhou Foshan Adient - PUBLIC
Slide 7: Transactions enable tighter integration between Adient China and other regions
\ The transactions would enable tighter integration between ADIENT Adient China and operations in other regions “ United interface for OEM * Independent supplier for all OEMs in China customers in China & globally * Support all OEMs’ global operations with a unified front and single interface | 7 *
Slide 8: Post-closure, Adient becomes more efficient and cost competitive
\ ; _. a: 4 Post-closure, Adient becomes more efficient and cost competitive /ADIENT with its highly integrated China operations Improving Adient efficiency and cost competitiveness by pee * Optimize purchasing across multiple China entities, expected Moving away from [> to maximize buying power and
Slide 9: Use of proceeds / pro forma Adient
~ Use of proceeds / pro forma Adient _ADIENT Use of proceeds \ Adient intends to use the anticipated after-tax proceeds of ~$1.4B for: Transformational \ Debt repayment (consistent with the company’s near-term capital change in Adient’s allocation plans), were earnings \ Ability to fund Boxun’s put
Slide 10: Adient - Unequaled global capabilities
~ Adient - Unequaled global capabilities _ADIENT Global locations L 2 aecncenacenegte ee OEE EEE EEF bee Leer orcbe CebGbb0e 5 teeth rece es A Bobo oeolll belt, Ctatt abe, AAA ALAAAAAAC manu acturing CLECEDO De CCL Et COOL TC? (G0. 20000 COCR a AACE TCE OO COCOLOTCOCELOCOOCOUCLEDL | A A ae eT . OCT
Slide 11: Positioning the company for long-term success
sys . 4 ~ Positioning the company for long-term success /ADIENT \ Focused on positioning the company for long-term, sustained success by executing actions within our control, while managing through “normal course” industry and macro headwinds. Advancing our strategic objectives to position Adient fo
Slide 12: FY21 Outlook - key financial metrics
*FY21 Outlook — key financial metrics Outlook FY21 SPE stro > s378M > re) = ==> > — Fou => = a ee > sim > > ~$320-$340M_ > age >$160M > » ~ $0M - $100M » S| Reconciliations of non-GAAP measures related to FY2021 guidance have not been provided due to the unreasonable efforts it would take to provide
Slide 13: Title / Date / Public-Internal-Confidential-Restricted Adient - PUBLIC
Title / Date / Public-Internal-Confidential-Restricted Adient - PUBLIC
Adient — BofA Securities 2021 Global Automotive Summit on 6ix