Slide 1: Third Quarter 2011 Financial Results
ExhibitQuarter Third October 99.2 28, 2011 2011 Financial Results
Slide 2: Agenda
Company Agenda •– Jason Matt Summary Q 2 Third Matt andSimoncini, Cardew, ASimoncini, Quarter Session Highlights Interim 2011 President President Financial CFOandandCEO Results CEO and 2011 Outlook Quarter 2011 Financial
Slide 3: Third Quarter 2011 Highlights
Thirdcapital Ninth Electrical Generated Returned Recognized Improved Positive Core less 3 information. operating Quarter quarter consecutive Momentum $107 segment 2011 free expenditures. bysales 2011 cash million earnings J.D. fullquarter margins up Company year Power flow Continues 23% torepresents
Slide 4: Strategic Direction
Strategic Seamless No Increase Make Continue Maintain Focus Please 4 major niche On seecomponent Direction* strong to CEO changes Operational slide acquisitions grow build transition; titled balance and scale incapabilities strategy “Forward-Looking diversify Excellence and sheet tostrong strengthen
Slide 5: Grow Sales in Emerging Markets
Continuing Consolidated Total (2011 $13.95 Rest North Europe 16% Asia 65% BRIC (in Brazil, Please Forecast 2011 2010 2009 2008 2007 2006 $1.3 $1.1 $0.9 $0.5 $0.4 $2.4 $2.0 $1.5 $1.2 $1.0 $0.8 China 5 billions) of Company America Full Markets* see Russia Billion World 40% Global slide Year toSales Gr
Slide 6: Investing in Low-Cost Country Component Capacity
New Morocco Tunisia Moldova Mexico Brazil India Thailand •China Seating Investing Please 6 Wire Metals Seat Connectors Electronics Investments Trim Foam Harnesses see Facilities &Approximately slide Mechanisms Foamtitled Electrical in Component “Forward-Looking $300 Facilities Million Capacity ToSta
Slide 7: Advanced Efficiency EPMS Growth Outlook
(inAdjusted Advanced Traditional 2011 2010 $5.0 $4.0+ $3.0+ $2.6 Mid-Decade Target 2013 (1) EPMS Industry Lear Increase Penetration Globally Efficient Portfolio Strong Approximately Margins Sources: * Information” 7 billions) Advanced EPMS Outlook –growth segment expected in growth Growth IHS comple
Slide 8: Seating Quality Leadership
Seating 54% Major 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 10.3 Johnson Lear Toyota 4.7 Faurecia Magna Highest * Source: 8 As6.0 measured Seat Improvement Seat 6.0 Boshoku –2011 Quality Controls Leadership Quality 6.4 Manufacturers J.D. 8.7 by Major Trend* Power problems inSe
Slide 9: Third Quarter 2011 Financial Results
Third Quarter 2011 Financial Results 9
Slide 10: Third Quarter 2011 Financial Summary
Third Global Production Net Core Free Earnings Quarter-end * 10Please sales cash operating Quarter vehicle see per of flow in$3.5 cash slides share North China 2011 production of earnings billion, of $64 13 of Lear $1.7 America increased $0.95 and million of Financial up billion 16, up $178 23% and
Slide 11: Third Quarter 2011 Global Vehicle Production
Third Vehicles (in Change Actual Mature Europe North Japan Emerging China India Brazil Russia Global Source: 11 millions) 0.9 Quarter 2.2 America 3.8 0.8 Prior 0.5 18.4 4.0 Markets IHS From Produced up down up Markets up up up 3% Automotive Year 10% 1% 20% 2011 3% 3.2 6% 4%Third up Global 6%Quarter
Slide 12: Third Quarter 2011 Financials
Third (in 2010 Europe North Asia Rest Global Pretax Net Diluted SG&A Interest Depreciation Other * 12Please millions, Sales Income of 447.4 2011 Quarter Expense, America Income $% World $Expense Net see 2,820.3 1,109.6 of2010 589.6 Attributable Income slides Net except / 2011 254.3 Amortization Befo
Slide 13: Impact of Restructuring and Special Items
Third Impact (in Restructuring Reported Pretax Interest Other Income Noncontrolling Net Weighted Diluted * 13Please millions, Income Quarter Expense Expense, Income of Taxes Expense Before Earnings see Costs Average Restructuring Attributable $slides except 108.1 Other 2011 31.0 Before $Taxes Intere
Slide 14: Seating Adjusted Segment Earnings Performance
Third Adjusted 6.7% 7.5% Q3 9 (in Earnings** Adj. Explanation Sales + – * ** special 14Months Selling Higher Please Foreign Sales Production Favorable Reported millions) 2010 2011 Earnings** $Quarter Factors items. 2,208.7 backlog see launch commodity price segement 2011 exchange $operating slides o
Slide 15: Electrical Power Management Adjusted Segment Earnings
Third Electrical Adjusted Q3 5.7% 5.4% 4.2% (in Earnings** Adj. Explanation Sales Margin + – * ** special 15Selling Higher Please Sales Foreign Favorable Production Reported millions) 2010 Earnings** $Quarter Factors items. 611.6 backlog Performance see Q3 launch commodity price Segment Power exchan
Slide 16: Free Cash Flow
(inPlease Third Quarter 2011 Depreciation Working Net Capital Free * 16 millions) Income Cash Cash 2011 Quarter Nine Expenditures Months see Capital Provided Flow Attributable slides / 2011 Amortization $/ 64.1 Other titled by Free (91.5) Operating $ “Non-GAAP (8.6) to Cash 268.8 Lear (247.7) 63.5 (
Slide 17: Cash Repatriation and Share Repurchase Update
Cash (in Share 3Q $13 $94 $107 $232 Dividends YTD $38 $194 Initiated Repurchased Paid 17 millions) 2011 cash Repatriation 2011 repurchases quarterly dividend andapproximately Share cash Update ofRepurchases $0.125 dividend 2.1 permillion and share share inshares September repurchase during2011 the p
Slide 18: 2011 Outlook
2011 Outlook 18
Slide 19: Full Year 2011 Outlook: Vehicle Production and Key Assumptions
Full Memo: Vehicle (in Outlook Mature Europe North Japan Emerging China Brazil India Russia Global Euro Key Steel Copper Sources: * 19Please millions) Year Currency Commodities $3.4 7.9 America 16.0 3.2 1.7 1.40 75.2 0.50 Vehicle 18.1 Markets $Production Prior see IHS down 2011 4.25 up Markets down
Slide 20: Full Year 2011 Financial Outlook
Full Financial Net Core restructuring De Interest before Tax excluding Adjusted Pretax Capital Free * 20Please preciation Sales Expense Year Cash Operating restructuring income Income Operational Spending Expense see Net Earnings 2011 Outlook $13.8 restructuring Flow slides costs $140 Income and bef
Slide 21: Summary
21 Summary
Slide 22: Summary
Another Summary* Sales Steady Strong Generated Returned Committed Increasing Profitably * 22Please and balance increase quarter see $232 earnings Growing significant 2011 toslides maintaining million sheet in of fullscale titled positive outpaced Our year and free toof Business “Non-GAAP liquidity f
Slide 23: Non-GAAP Financial Information
Non-GAAP In information income expense of Adjusted restructuring Management operations. net performance activities. between management Pretax per attributable GAAP or Set companies. in comparable 23 accordance addition affiliates, other income share, forth income or before discretionary excluding fi
Slide 24: Non-GAAP Financial Information: Segment Earnings Reconciliation
Non-GAAP Three (in Seating Electrical Segment Corporate elimination other Interest Other Pretax * 24Includes millions) expense expense, Months—Q3 income expense $earnings 139.8 power and equity of Financial 2010 $intercompany geographic before $net $118.8 11.9 103.9 management in 169.9 164.1 2011 *N
Slide 25: Non-GAAP Financial Information: Adjusted Segment Earnings
Non-GAAP Three (in Sales Segment Costs Other Adjusted 25 millions) $related 2.9 Months 2,208.7 2,687.8 earnings segment - 2.9 Financial Seating toQ3 -$restructuring 611.6 772.2 2010 2011 $earnings 139.8 169.9 EPMS Information Nine $ 8,272.7 $Seating 24.3 40.6 Months actions 164.6 181.4 $Adjusted 6
Slide 26: Forward-Looking Statements
Forward-Looking This liquidity. these contained future, future uncertainties including production which otherwise management business components regulations of adverse with loss to any Commission operating Information cancelled assumptions based The information 26 any itsother forward-looking and pr