Adient Plc · NYSE:ADNT
Adient — Q4 FY2025 Earnings Presentation
37 slides from Adient's earnings presentation, Nov 5, 2025
Slide 1: FY25 Fourth Quarter Earnings Call
FY25 Fourth Quarter Earnings Call November 5, 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 Linda Conrad VP, Investor Relations and FP&A > Business Update Jerome Dorlack President and CEO > Financial Review Mark Oswald Executive VP and CFO > Q&A FY25 Fourth Quarter Earnings Call Adient – PUBLIC 3
Slide 4: Solid finish to the year, underpinned by strong business performance
Solid finish to the year, underpinned by strong business performance Q4 FY25 Key full year FY25 > Consolidated Sales of $3.7B (up 4% y-o-y) and Adjusted Financial Metrics EBITDA and margin of 226M and 6.1%, respectively > Strong free cash flow generation of $134M during the Consolidated ~$14.5B quar
Slide 5: Continued to build a strong foundation for the future
Continued to build a strong foundation for the future > Exceptional execution of the day-to-day processes (launch execution, cost/operational improvement, etc.) > Reinforced our supplier of choice status through significant business wins (replacement, new and conquest) including: - Next generation F
Slide 6: Key replacement business and conquest wins; upcoming launches underpin supplier of choice status
Key replacement business and conquest wins; upcoming launches underpin supplier of choice status New Business Asia OEM Mercedes Ford BYD Chery Full-size SUV GLE/GLE EQ & GLS F-150 Seagull KP31 Pickup truck JIT, Foam, Trim Metals JIT, Foam, Trim Trim Complete Seat Launches Volvo Proton NIO Stellantis
Slide 7: Driving growth through creative design solutions and innovation
Driving growth through creative design solutions and innovation Winning with value creation – Winning with innovation next generation F-150 Z-Guard, co-developed with Autoliv ‐ Increased occupant out-of-position protection to address evolving consumer demands on deep reclining seats ‐ Technology ena
Slide 8: Expanding our world-class partnerships in China
Expanding our world-class partnerships in China Building strategic relationships to drive growth > Signed an agreement to establish a partnership with a local Chinese seating supplier which has strong Chinese OEM business > Key benefits: > New business opportunities to grow market share within the d
Slide 9: Adient's end-to-end innovation delivers sustainable value
Adient’s end-to-end innovation delivers sustainable value Automation by design Process innovation Product innovation Design innovation >Hands-on collaboration with >Smart manufacturing, relax >Deep recline mechanical >Sculpted trim (launching Q2 customers up front on product oven massage seats FY26)
Slide 10: Looking ahead to FY26
Looking ahead to FY26 FY26 Drivers / Initiatives Executing on what we can control Americas EMEA Asia ‐ Winning new and replacement business as supplier of choice > Strong business > Several key launches > Expected growth ‐ Driving business performance performance planned for FY26 over market ‐ Excel
Slide 11: Driving value for all Adient's stakeholders
Driving value for all Adient’s stakeholders Innovative technologies and investment FCF generation and disciplined capital in our future allocation High volume replacement business and Leveraging world-class footprint to service multiple conquest wins reinforcing our customers around the globe suppli
Slide 12: Financial Review
Financial Review FY25 Fourth Quarter Adient – PUBLIC
Slide 13: Q4 FY25 key financials
Q4 FY25 key financials $ millions, except per share data As Reported As Adjusted 1 Q4 FY25 Q4 FY24 Q4 FY25 Q4 FY24 B/(W) Consolidated Sales $ 3,688 $ 3,562 $ 3,688 $ 3,562 4% EBIT $ 120 $ 130 $ 142 $ 160 (11%) Margin 3.3% 3.6% 3.9% 4.5% EBITDA N/A N/A $ 226 $ 235 (4%) Margin 6.1% 6.6% Memo: Equity I
Slide 14: FY25 full-year key financials
FY25 full-year key financials $ millions, except per share data As Reported As Adjusted 1 FY25 FY24 FY25 FY24 B/(W) Consolidated Sales $ 14,535 $ 14,688 $ 14,535 $ 14,688 (1%) EBIT $ 115 $ 343 $ 570 $ 564 1% Margin 0.8% 2.3% 3.9% 3.8% EBITDA N/A N/A $ 881 $ 880 0% Margin 6.1% 6.0% Memo: Equity Incom
Slide 15: Q4 FY25 consolidated and unconsolidated sales
Q4 FY25 consolidated and unconsolidated sales Regional Performance $ in millions Consolidated sales (consolidated sales y-o-y growth vs. Q4 FY24 by region) 1 Q4 $52 Q4 S&P Production $74 Americas 4% 3% $3,688 EMEA 2 -3% 1% Asia 1% 6% $3,562 Note: China -2% 10% Note: Asia excl. China 4% 1% 1 FX adjus
Slide 16: Q4 FY25 Adjusted EBITDA
Q4 FY25 Adjusted EBITDA $ in millions $3 Q4 FY25 Adjusted EBITDA of $226M, down $9M $(5) $(6) y-o-y, primary drivers include: $(1) $235 $226 > Favorable business performance due to lower labor and overhead costs and net material margin, as well as net tariff recoveries ($4M in Q4FY24 EMEA Americas A
Slide 17: Full year FY25 Adjusted EBITDA
Full year FY25 Adjusted EBITDA $ in millions $27 FY25 Adjusted EBITDA of $881M was relatively flat y-o-y, $1 primary drivers include: $4 > Favorable business performance of $99M (including $(31) $880 $881 $17M of net tariff expense) reflecting operational efficiencies, our commitment to continuous i
Slide 18: Q4 FY25 and full year FY25 cash flow
Q4 FY25 and full year FY25 cash flow Free Cash Flow Adjusted EBITDA to Free Cash Flow FY25 FY24 (in $ millions) Q4 FY25 Full Year Q4 FY24 Full Year Key drivers impacting full year FY25 FCF: Adjusted-EBITDA $ 226 $ 881 $ 235 $ 880 Adjusted Equity Income (8) (71) (24) (91) (+) Timing benefits associat
Slide 19: Debt and capital structure
Debt and capital structure ($ in millions) 9/30/2025 Debt Maturity Profile Cash & Debt Profile Amount Cash & Cash Equivalents $ 958 $1,250 ABL Revolver, incl. FILO due 2027 (1) - $1,000 7.500% Senior Notes Term Loan B due 2031 626 $500 $795 8.250% Senior Notes 7.000% Secured Notes due 2028 500 $500
Slide 20: Financial Outlook
Financial Outlook FY26 Adient – PUBLIC
Slide 21: Declining production volumes have significant impact on FY26 (key assumptions)
Declining production volumes have significant impact on FY26 (key assumptions) Vehicle production assumptions > Assumed production volumes are expected to be ADNT FY26 FY25 S&P FY26 S&P projected the most significant driver for FY26 (units in millions) y-o-y ∆ actual forecast sales y-o-y % > Y-O-Y d
Slide 22: FY26 Sales and Adjusted EBITDA: Year-Over-Year Drivers
FY26 Sales and Adjusted EBITDA: Year-Over-Year Drivers Sales Key Sales Drivers: $ in millions > Volume declines y-o-y driven by assumed customer $14.8B production in all regions, but most significantly in North $14.5B America (down ~4%) $350 $14.4B > Favorable impact of foreign exchange rates especi
Slide 23: FY26 Free cash flow influenced by non-recurring items and increased growth investment
FY26 Free cash flow influenced by certain non-recurring items and increased growth investment Non-Recurring / Temporary Influences Free Cash Flow* $ in millions > FY25 FCF exceeded expectations due to ~$30M of pull ahead from FY26 primarily driven by customer $204 related actions $170 $(30) > $20M a
Slide 24: FY26 Outlook – key financial metrics
FY26 Outlook – key financial metrics Est. @ flat Adient Oct. S&P volumes y-o-y volume > Sales expected to be ~$14.4B, driven by lower expected production volumes in all regions partially offset by growth over Consolidated sales ~$14.4B ~$14.8B market in APAC > Adjusted EBITDA expected to be ~$845M a
Slide 25: Capital allocation – firmly committed to executing our balanced plan
Capital allocation – firmly committed to executing our balanced plan Share repurchases > Since FY23, the company has repurchased ~17.3M shares using ~$465M of cash Strong cash position > Finished FY25 with $958M of cash on the balance sheet Efficient cash management > Previous actions executed to re
Slide 26: Appendix and Financial Reconciliations
Appendix and Financial Reconciliations FY25 Fourth Quarter Adient – PUBLIC
Slide 27: Q4 FY25 and full year FY25 Adjusted EBITDA: Americas
Q4 FY25 and full year FY25 Adjusted EBITDA: Americas $ in millions Q4 FY25 Adjusted EBITDA of $111M, down $5M y-o-y, driven by: $4 $116 $111 > Transactional FX, net of hedging, was a $4M tailwind $(1) Quarter y-o-y related to the peso $(2) $(6) 6.7% > Net commodities were a $6M headwind during the 6
Slide 28: Q4 FY25 and full year FY25 Adjusted EBITDA: EMEA
Q4 FY25 and full year FY25 Adjusted EBITDA: EMEA $ in millions Q4 FY25 Adjusted EBITDA of $31M, up $3M y-o-y, driven by: $4 > Net commodities were favorable $6M during the $6 $31 Quarter $28 $1 $(1) quarter, primarily due to the timing of contractual true-ups $(7) 2.7% 2.5% > Volume and mix was up $
Slide 29: Q4 FY25 and full year FY25 Adjusted EBITDA: Asia
Q4 FY25 and full year FY25 Adjusted EBITDA: Asia Q4 FY25 Adjusted EBITDA of $106M, down $6M y-o-y, driven by: $ in millions > Improved business performance of $8M during the $8 $4 $2 quarter, mainly due to improved operating efficiencies, $112 $106 engineering and administrative expenses $(4) Quarte
Slide 30: 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 31: Non-GAAP reconciliations – EBIT, Adj.-EBIT, Adj.-EBITDA, and Adj.-net income
Non-GAAP reconciliations – EBIT, Adj.-EBIT, Adj.-EBITDA, and Adj.-net income FY25 Fourth Quarter Earnings Call Adient – PUBLIC November 5, 2025 31
Slide 32: Non-GAAP reconciliations – Adj. income tax expense and effective tax rate
Non-GAAP reconciliations – Adj. income tax expense and effective tax rate FY25 Fourth Quarter Earnings Call Adient – PUBLIC November 5, 2025 32
Slide 33: Non-GAAP reconciliations – Adj. EPS and Adj.-equity income
Non-GAAP reconciliations – Adj. EPS and Adj.-equity income FY25 Fourth Quarter Earnings Call Adient – PUBLIC November 5, 2025 33
Slide 34: 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 FY25 Fourth Quarter Earnings Call Adient – PUBLIC November 5, 2025 34
Slide 35: Non-GAAP reconciliations – consolidated & unconsolidated sales (FX adj.)
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 $ 3,562 $ 14,688 FX Impact (5) (49) 84 74 $ 104 FX Adjusted 3,655 3,701 3,800 3,63
Slide 36: 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 37: Non-GAAP reconciliation – footnote addendum
Non-GAAP reconciliation – footnote addendum FY25 Fourth Quarter Earnings Call Adient – PUBLIC November 5, 2025 37