Slide 1: FY2025 Third Quarter Earnings Call
FY2025 Third Quarter Earnings Call August 6, 2025 Adient – PUBLIC
Slide 2: Important Information
Important Information 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 statements” within
Slide 3: Agenda
Agenda > Introduction Michael Heifler VP, Investor Relations and Strategy > Business Update Jerome Dorlack President and CEO > Financial Review Mark Oswald Executive VP and CFO > Q&A FY2025 Third Quarter Earnings Call Adient – PUBLIC 3
Slide 4: Strong first half momentum carried into Q3, driving improved business performance
Strong first half momentum carried into Q3 as expected, driving continued improved business performance > Strong business performance in Q3 drove $24M y-o-y improvement in Adj. Key Q3FY25 EBITDA; Q3 adj. EBITDA margin up 60 bps y-o-y > Based on current policies, tariffs remain manageable Financial M
Slide 5: Regional update: Americas, EMEA, Asia
Regional update Americas EMEA Asia > Continued strong execution > Multi-year restructuring plan on > Continued high level of driving improved business track; prudent use of capital execution performance > See signs of regional > Winning new business with > Regional margins continue to AMER stabiliza
Slide 6: Onshoring growth opportunities in the US
Onshoring growth opportunities in the US Adient advantage from onshoring Identified opportunities where Adient has existing facility close to where customers will onshore Proactively approached customers with solutions to support them as they onshore We estimate ~600K1 annual units could be on- shor
Slide 7: New business wins and launches
New business wins and launches New business wins Recent and upcoming launches Asia OEM Nissan Rogue Mercedes VAN Mercedes S-Class / Nissan Leaf NIO ET5 Compact SUV C-Large S-Class EV Front Seat Complete Seat Complete Seat JIT, Foam, Trim JIT Complete Seat Structure Asia Asia Toyota 560B Volvo EX40 B
Slide 8: Adient operating model allows us to drive shareholder value
Adient operating model allows us to drive shareholder value Consistently strong execution, delivering on our operational and financial commitments Driving value to our customers, reinforcing supplier of choice status Well-positioned for growth Executing on our balanced capital allocation approach Re
Slide 9: Financial Review
Financial Review FY2025 Third Quarter Adient – PUBLIC
Slide 10: Q3 FY25 key financials
Q3 FY25 key financials $ millions, except per share data As Reported As Adjusted 1 Q3 FY25 Q3 FY24 Q3 FY25 Q3 FY24 B/(W) Consolidated Sales $ 3,741 $ 3,716 $ 3,741 $ 3,716 1% EBIT $ 118 $ 94 $ 145 $ 126 15% Margin 3.2% 2.5% 3.9% 3.4% EBITDA N/A N/A $ 226 $ 202 12% Margin 6.0% 5.4% Memo: Equity Incom
Slide 11: Q3 FY25 consolidated and unconsolidated sales
Q3 FY25 consolidated and unconsolidated sales Regional Performance $ in millions Consolidated sales (consolidated sales y-o-y growth vs. Q3FY24 by region) 1 $84 Q3 Q3 S&P Production Americas 2% -1% $(59) $3,741 EMEA 2 -7% -2% $3,716 Asia -1% 6% Note: China -12% 9% Note: Asia excl. China 9% 2% 1 FX a
Slide 12: Q3FY25 adjusted EBITDA
Q3FY25 adjusted EBITDA $ in millions Q3FY25 adjusted EBITDA of $226M, up $24M y-o-y, $12 $3 was primarily driven by: $13 $(4) > Improved business performance of $33M, $226 primarily resulting from better net material margin $202 and reduced operating costs including lower launch costs, partially off
Slide 13: Q3FY25 cash flow
Q3FY25 cash flow Free Cash Flow Key drivers impacting YTD FY25 FCF: Adjusted EBITDA to Free Cash Flow Q3 YTD (in $ millions) 2025 2024 2025 2024 (+) Dividend payment timing Adjusted-EBITDA $ 226 $ 202 $ 655 $ 645 (+) Accrued compensation Adjusted Equity Income (23) (23) $ (63) (67) Dividend 20 25 72
Slide 14: Debt and capital structure
Debt and capital structure Net Debt ($ in millions) 6/30/2025 June 30 September 30 (in $ millions) 2025 2024 Cash & Debt Profile Amount Cash & Cash Equivalents 860 Cash $ 860 $ 945 ABL Revolver, incl. FILO due 2027 (1) $ - Total Debt 2,394 2,405 Term Loan B due 2031 627 Net Debt $ 1,534 $ 1,460 7.00
Slide 15: FY25 Outlook update
FY25 Outlook update Consolidated ~$14.4B > Guidance assumes no change to current tariff policies; most tariff costs revenue (previous ~$13.9B) are resolved and no meaningful decline in previously forecasted volumes from tariffs Adj.-EBITDA ~$875M (previous ~$850M) > Based on ADNT’s solid performance
Slide 16: Appendix and financial reconciliations
Appendix and financial reconciliations FY2025 Third Quarter Adient – PUBLIC
Slide 17: Q3FY25 Adjusted-EBITDA: Americas
Q3FY25 Adjusted-EBITDA: Americas Q3FY25 adjusted EBITDA of $112M, up $13M y-o-y, $ in millions YTD View driven by: $20 $43 $291 > Improved business performance of $20M, $259 $(22) $(7) $(2) primarily driven by favorable commercial actions, lower operating expenses and lower launch costs, 5.7% 5.1% p
Slide 18: Q3FY25 Adjusted-EBITDA: EMEA
Q3FY25 Adjusted-EBITDA: EMEA $ in millions Q3FY25 adjusted EBITDA of $21M, down $4M y-o-y, YTD View $24 $1 driven by: $127 > Business performance was favorable $6M y-o-y, $93 mainly due to improved net material margin 3.2% $(40) $(11) $(8) and input costs 2.6% > Volume and mix was down $5M y-o-y res
Slide 19: Q3FY25 Adjusted-EBITDA: Asia
Q3FY25 Adjusted-EBITDA: Asia $ in millions YTD View Q3FY25 adjusted EBITDA of $113M, up $12M y-o-y, driven by: $26 $13 $327 $334 > Improved business performance of $7M during $(29) $(3) the quarter, mainly due to lower operating 15.2% expenses and lower launch costs y-o-y 14.7% > FX was a $6M tailwi
Slide 20: Non-GAAP financial measurements and pro-forma reconciliations
Non-GAAP financial measurements and pro-forma reconciliations Adjusted EBIT, adjusted EBIT margin, adjusted EBITDA, adjusted EBITDA margin, adjusted net income attributable to Adient, adjusted effective tax rate, adjusted earnings per share, adjusted equity income, adjusted interest expense, free ca
Slide 21: Non-GAAP reconciliations – EBIT, adj.-EBIT, adj.-EBITDA, and adj.- net income
Non-GAAP reconciliations – EBIT, adj.-EBIT, adj.-EBITDA, and adj.- net income FY2025 Third Quarter Earnings Call Adient – PUBLIC August 6, 2025 21
Slide 22: Non-GAAP reconciliations – adj. income tax expense and effective tax rate
Non-GAAP reconciliations – adj. income tax expense and effective tax rate FY2025 Third Quarter Earnings Call Adient – PUBLIC August 6, 2025 22
Slide 23: Non-GAAP reconciliations – adj. EPS and adj.-equity income
Non-GAAP reconciliations – adj. EPS and adj.-equity income FY2025 Third Quarter Earnings Call Adient – PUBLIC August 6, 2025 23
Slide 24: Non-GAAP reconciliations – adj. interest expense, free cash flow, net debt leverage ratio
Non-GAAP reconciliations – adj. interest expense, free cash flow, net debt leverage ratio FY2025 Third Quarter Earnings Call Adient – PUBLIC August 6, 2025 24
Slide 25: Non-GAAP reconciliations – consolidated & unconsolidated sales
Non-GAAP reconciliations – consolidated & unconsolidated sales (FX adj.) (k) FX adj. sales Consolidated Sales (FX adjusted) (in $ millions) Consolidated Net Sales Q1 Q2 Q3 Q4 FY2024 As reported $ 3,660 $ 3,750 $ 3,716 $ 11,126 FX Impact (5) (49) 84 $ 30 FX Adjusted 3,655 3,701 3,800 - 11,156 Unconso
Slide 26: Segment Performance
Segment Performance Q1 2024 Q1 2025 Corporate/ Corporate/ Americas EMEA Asia Consolidated Americas EMEA Asia Consolidated Eliminations Eliminations Net Sales 1,647 1,268 770 (25) 3,660 1,611 1,129 772 (17) 3,495 Adjusted EBITDA 80 45 114 (23) 216 85 22 111 (22) 196 Adjusted Equity Income 1 4 20 - 25
Slide 27: Non-GAAP reconciliation – footnote addendum
Non-GAAP reconciliation – footnote addendum FY2025 Third Quarter Earnings Call Adient – PUBLIC August 6, 2025 27