Slide 1: Earnings Call Presentation 2nd Quarter 2025
Earnings Call Presentation 2nd Quarter 2025 July 18, 2025 July 18, 2025 ALV – Q2 2025 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: Q2'25 Key Highlights – Substantial Sales & Margins Expansion
Q2’25 Key Highlights – Substantial Sales & Margins Expansion Record second quarter for sales, operating income and margin, as well as earnings per share Adjusted Earnings per Share* LTM Strong sales development despite the impact from a significant negative regional LVP** mix $ − Strong sales, p
Slide 4: Q2'25 Financial Overview
Q2’25 Financial Overview Record sales and adjusted operating income* for a second quarter Consolidated Sales Adjusted Operating Income* Operating Cash Flow US$ -Millions US$ -Millions US$ -Millions 4% 14% -$63 $2,714 $2,605 $251 $221 9.3% Adj. Op. Margin* $340 8.5% Adj. $277 Op. Margin* Q2’24 Q2’25
Slide 5: Substantial Cost Improvements
Substantial Cost Improvements Direct Labor Productivity Index Gross Margin SG&A and RD&E, net Operating Cash flow LTM Sales in relations to Average Headcount % US$ -Millions and in relations to sales US$ -Millions 300 11.0% 1,250 160 22% 140 250 10.0% 1,050 20% 120 200 9.0% 850 18% 100 Index 150 8.0
Slide 6: Q2'25 Light Vehicle Market Development
Q2´25 Light Vehicle Market Development 2.5 pp of headwinds from regional mix; Improved Call-off accuracy both Y-o-Y and sequentially Q2´25 LVP* Customer Call-off Accuracy** % % 20% China 100% COEMs Normal 15% S. Americas 10% 80% 5% Rest of Asia Global Total E.Europe Japan +2.7% 0% 60% W.Europe N. Am
Slide 7: Q2'25 Higher Sales despite a 2.5pp negative regional LVP mix
Q2’25 Higher Sales despite a 2.5pp negative regional LVP** mix Sales Bridge Sales by Region Q2´25 US$ millions % $27 $21 $2,714 $68 $2,605 -$6 China 18% Asia 37% Americas 33% Japan 8% Rest of Asia 11% Europe 30% 3.4% Organic growth* * Non-US GAAP measure ** Light Vehicle Production (LVP up to 3.5 to
Slide 8: Q2'25 Sales Growth - Organic Sales Outperforming Global LVP by 1pp
Q2’25 Sales Growth - Organic Sales1 Outperforming Global LVP by 1pp Outperformance - Organic growth1 vs. LVP2 (Percentage points) China EUROPE Our Main Net Sales Growth Drivers -7pp +5pp JAPAN CHINA3 N.AMERICA GOEMs -3pp +5pp CHINA3 COEMs +2pp 0pp Rest of ASIA +5pp S.AMERICA +20pp (1) Non-US GAAP me
Slide 9: Q2'25 Key Model Launches
Q2’25 Key Model Launches New EV customer SUV New EV Customer Luxury Sedan * Autoliv is not allowed to communicate the name of the customer or model July 18, 2025 ALV – Q2 2025 Earnings Call and Webcast Copyright Autoliv Inc., All Rights Reserved Public
Slide 10: Financials
Financials July 18, 2025 ALV – Q2 2025 Earnings Call and Webcast Copyright Autoliv Inc., All Rights Reserved Public
Slide 11: Q2'25 Financial Overview
Q2’25 Financial Overview -US$ Millions unless specified Q2’25 Q2’24 Sales $2,714 $2,605 Gross Profit $501 18.5% $475 18.2% Adj. Operating Income1 $251 9.3% $221 8.5% Adj. EPS -assuming dilution1 $2.21 $1.87 Adj. RoCE1,2 24% 22% Adj. RoE1,2 28% 26% Operating cash flow $277 $340 Dividend paid per shar
Slide 12: Margin expansion driven by execution of operational improvement plans
Q2´25 Margin expansion driven by execution of operational improvement plans Adjusted Operating Income* Bridge $30 300 $13 $2 Operations -$6 $251 250 $35 -$2 -$4 -$7 Primarily driven by $221 200 Higher operational efficiency US$ Millions Improved call-off accuracy 150 Organic sales growth 100 5
Slide 13: Cash Flow
Cash Flow Capex and D&A Continued solid performance from higher net income -US$ Millions unless Q2´25 Q2´24 LTM 2024 2023 specified Net Income $168 $139 $717 $648 $489 Depreciation & Amortization 100 96 390 387 378 Other, net -5 -23 -31 -29 -119 Change in operating WC 15 128 -124 53 235 Operating ca
Slide 14: Trade Working Capital in Relation to Sales
Trade Working Capital in Relation to Sales Increasing receivables following higher sales and tariffs compensations towards the end of the quarter 35% 30% 25% We view the increase in trade 20% working capital as temporary, as our multi-year improvement program continues to deliver results 15% 10% 5%
Slide 15: Debt Leverage Ratio
Debt Leverage Ratio* Remains below 1.5x Net Debt * / EBITDA ** Net Debt* and EBITDA** per the Policy Times US$ Millions 2.0 Net Debt EBITDA LTM 2,000 Long-Term Target: ≤1.5x 1.5 1.3x 1,500 1.0 1,000 0.5 0.0 500 Q2´23 Q3´23 Q4´23 Q1´24 Q2´24 Q3´24 Q4´24 Q1´25 Q2´25 Q2´23 Q3´23 Q4´23 Q1´24 Q2´24 Q3´24
Slide 16: U.S. Tariffs – We are well Positioned with Our Footprint and Broad Customer Portfolio
U.S. Tariffs – We are well Positioned with Our Footprint and Broad Customer Portfolio N. America % of global Sales Customs & Duties ~30% Currently, we estimate that the new tariffs on steel, aluminum, and non- USMCA compliant parts could amount to ~$100 million annually In Q2´25, we were largely
Slide 17: Light Vehicle Production Outlook
Light Vehicle Production Outlook Autoliv guidance is based on global LVP declining around -0.5% in 2025 Global Light Vehicle Production* according to S&P in July 25 24 -4.5% 23 2.7% 22 0.2% 3.6% 21 Million units 20 19 18 17 2025 global light vehicle production 16 The outlook is uncertain, with regio
Slide 18: Our Way Forward
Our Way Forward Our strategic direction and roadmaps are supporting our customer commitments and financial targets We have a strong performance culture − Clear Key Behaviors to guide us − Clear Mandate and Expectations End-to-End − Continuous Improvement Mindset − Partnerships across the Value C
Slide 19: H2 2025 Business Outlook – Margin Expansion Expected
H2 2025 Business Outlook – Margin Expansion Expected Second half of 2025 Adjusted Operating Margin* Development from 2022 % Global LVP expected to decline 2.3 %Year-over-Year Higher cost for certain raw materials, mainly non-ferrous metals. 14% In line with our historically normal seasonality,
Slide 20: Full Year 2025 Guidance & Assumptions
Full Year 2025 Guidance1 & Assumptions Full Year 2025 Guidance Organic sales increase2 Around 3% Adjusted Operating margin2 Around 10 to 10.5% Operating Cash flow3 Around $1.2 billion Capex, net % of sales Around 5% Assumptions Exchange Rates US$/EUR 0.8822 LVP Growth Around -0.5% US$/JPY 144.05 FX
Slide 21: Q&A
Q&A July 18, 2025 ALV – Q2 2025 Earnings Call and Webcast Copyright Autoliv Inc., All Rights Reserved Public
Slide 22: Q2'25 Product Volumes
Q2´25 Product Volumes Autoliv Quantities Delivered Q2’25 vs. PY** (%) (Millions unless specified) Seatbelts 35.8 (0)% Pretensioners (of which) 25.1 2% Active Seatbelts (of which) 1.5 1% Frontal Airbags 15.2 (1)% Knee Airbags (of which) 1.6 (9)% Side Airbags 34.5 7% Chest (Thorax) 18.5 8% H
Slide 23: Saving More Lives
Saving More Lives Saving More Lives July 18, 2025 ALV – Q2 2025 Earnings Call and Webcast Copyright Autoliv Inc., All Rights Reserved Public