Slide 1: FY26 Third Quarter Earnings Call
FY26 Third Quarter Earnings Call August 5, 2026
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, FP&A and Investor Relations > Business Update Jerome Dorlack President and CEO > Financial Review Mark Oswald Executive VP and CFO > Q&A FY26 Third Quarter Earnings Call 3
Slide 4: Q3 performance in line with internal expectations; external macro conditions pressure near-term results
Q3 performance in line with internal expectations; External macro conditions continue to pressure near-term results Key Q3 FY26 > Overall vehicle production remained relatively Financial Metrics stable, while temporary headwinds continued for certain customer operating patterns (full-size Consolidat
Slide 5: Regional update: Americas, EMEA, Asia
Regional update Americas EMEA Asia > Positive momentum continues > Managing through difficult cost > Despite China market softening, > Near-term pressures persist due and volume environment growth with key customers and to impacts from Middle East > Positive business performance new launches support
Slide 6: Reinforcing Supplier of Choice
Reinforcing Supplier of Choice Launch execution > Foundation of supplier of choice status driven by consistent, flawless execution W H Y I T M AT T E R S > Proven ability to launch complex programs on time > Strong quality and customer responsiveness Supplier of Choice status directly converts to En
Slide 7: New awards and launches reinforce future revenue durability and content growth
New awards and launches reinforce future revenue durability and content growth Commercializing Innovation and Durable Platform Wins Winning where our customers win Premium Launch Execution Moving innovation from concept to production Honda Pilot Changan Avatr E518 Dongfeng-Voyah H77B Stellantis Ram
Slide 8: Launching innovation through the full value stack
Launching innovation through the full value stack Engineering the products our customers want — enabling them to differentiate New-generation Nissan MPV platform featuring content-rich seating, Enhanced end-customer including zero-gravity seating, advanced comfort features, enhanced seating experien
Slide 9: Executing through volatility
Executing through volatility Resilient performance Proactive operational actions Business performance stayed resilient despite external cost Managing production volatility through targeted operational pressures and customer-driven disruptions. actions and self-help initiatives that protect performan
Slide 10: Financial Review
Financial Review FY26 Third Quarter
Slide 11: Q3 FY26 key financials
Q3 FY26 key financials $ millions, except per share data As Reported As Adjusted 1 Q3 FY26 Q3 FY25 Q3 FY26 Q3 FY25 B/(W) Consolidated Sales $ 3,929 $ 3,741 $ 3,929 $ 3,741 5% EBIT $ 114 $ 118 $ 142 $ 145 (2%) Margin 2.9% 3.2% 3.6% 3.9% EBITDA N/A N/A $ 225 $ 226 (0%) Margin 5.7% 6.0% Memo: Equity In
Slide 12: Q3 FY26 consolidated and unconsolidated sales
Q3 FY26 consolidated and unconsolidated sales $ in millions Consolidated sales Adient consolidated growth vs. market by region 1 $147 Q3 FY26 TTM $41 Mobility Global Adient Mobility Global Adient Volumes Revenue Volumes Revenue $3,929 Americas -1% 9% # 0% 6% $3,741 EMEA 2 -5% -8% # -2% -6% China -3%
Slide 13: Q3 FY26 Adjusted EBITDA
Q3 FY26 Adjusted EBITDA $ in millions Q3 FY26 Adjusted EBITDA of $225M, nearly flat y-o-y, despite ~$32M of temporary headwinds driven by the $13 $226 Middle East conflict and customer/supplier driven operating ($6) ($7) ($1) $225 inefficiencies: 6.0% 5.7% > Underlying business performance remained
Slide 14: Q3 FY26 cash flow
Q3 FY26 cash flow Free Cash Flow Key drivers impacting YTD FCF: USD in Millions Q3 YTD ‐ Favorable working capital fluctuations driven FY26 FY25 FY26 FY25 by typical working capital swings (~$45M Adjusted EBITDA $225 $226 $ 655 $655 customer payment related timing to reverse Adjusted equity income (
Slide 15: Debt and capital structure
Debt and capital structure ($ in millions) 6/30/2026 Debt Maturity Profile Cash & Debt Profile Amount $1,121 $1,000 Cash & Cash Equivalents $ 924 (1) $500 $795 ABL Revolver, incl. FILO due 2030 - Term Loan B due 2031 621 $500 7.000% Secured Notes due 2028 500 Total Secured Debt 1,121 $621 8.250% Not
Slide 16: FY26 Outlook update
FY26 Outlook update Consolidated ~$15.0B revenue (up from ~$14.8B) > Revised revenue guidance based primarily on near-term customer production schedules, Adj.-EBITDA ~$885M (no change) and to a lesser extent FX Equity income ~$70M > Adj.-EBITDA and free cash flow guidance Incl. in Adj.-EBITDA (no ch
Slide 17: FY27 early indicators
FY27 early indicators ✓ What we expect ▲ What is still developing > Above-market growth in the Americas and > Middle East conflict (input costs, export China, reflecting growth in the Americas with volumes) core product lines (excluding metals) and continued strength in Asia with C-OEM programs > In
Slide 18: Appendix and Financial Reconciliations
Appendix and Financial Reconciliations FY26 Third Quarter
Slide 19: Adient Asia outside China at a glance
Adient Asia outside China at a glance We generated Operating in 6 countries Diverse customer base ~$2B American Asian OEM Chinese OEM Sales revenue in FY2025 OEM European OEM We employ ~8,100 25 manufacturing locations Korean OEM Japanese OEM Highly engaged employees, 3 Global Tech Centers Top Platf
Slide 20: Q3 FY26 Adjusted EBITDA: Americas
Q3 FY26 Adjusted EBITDA: Americas Q3 FY26 Adjusted EBITDA of $125M, up $ in millions YTD View $13M y-o-y, driven by: $7 $5 $314 $12 ($1) > Favorable volume/mix due to increased $291 volumes with key customers 5.7% 5.8% > Underlying business performance remained resilient despite $21M of YTD Business
Slide 21: Q3 FY26 Adjusted EBITDA: EMEA
Q3 FY26 Adjusted EBITDA: EMEA $ in millions Q3 FY26 Adjusted EBITDA of $14M, down $7M YTD View y-o-y, driven by: $18 $5 $1 $93 $93 > Volume/mix was unfavorable $16M y-o-y ($24) due to lower customer volumes and 2.6% 2.5% unfavorable customer mix YTD Business FX Equity Volume / YTD > Business perform
Slide 22: Q3 FY26 Adjusted EBITDA: Asia
Q3 FY26 Adjusted EBITDA: Asia $ in millions Q3 FY26 Adjusted EBITDA of $107M, down $6M YTD View y-o-y, driven by: $334 $7 ($2) $314 ($11) ($14) > Volume growth was supported by continued 15.2% 13.3% momentum with local C-OEMs in China, while profitability reflected the expected portfolio mix evoluti
Slide 23: 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 24: Non-GAAP reconciliations – EBIT, Adj.-EBIT, Adj.-EBITDA, and Adj.-net income
Non-GAAP reconciliations – EBIT, Adj.-EBIT, Adj.-EBITDA, and Adj.-net income FY26 Third Quarter Earnings Call August 5, 2026 24
Slide 25: Non-GAAP reconciliations – Adj. income tax expense and effective tax rate
Non-GAAP reconciliations – Adj. income tax expense and effective tax rate FY26 Third Quarter Earnings Call August 5, 2026 25
Slide 26: Non-GAAP reconciliations – Adj. EPS and Adj.-equity income
Non-GAAP reconciliations – Adj. EPS and Adj.-equity income FY26 Third Quarter Earnings Call August 5, 2026 26
Slide 27: 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 FY26 Third Quarter Earnings Call August 5, 2026 27
Slide 28: 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 FY2025 As reported $ 3,495 $ 3,611 $ 3,741 $ 10,847 FX Impact 118 169 50 337 FX Adjusted $ 3,613 $ 3,780 $ 3,791 $ - $ 11,184
Slide 29: Segment performance
Segment performance Q1 2025 Q1 2026 Corporate/ Corporate/ Americas EMEA Asia Consolidated Americas EMEA Asia Consolidated Eliminations Eliminations Net Sales 1,611 1,129 772 (17) 3,495 1,642 1,205 819 (22) 3,644 Adjusted EBITDA 85 22 111 (22) 196 80 34 115 (22) 207 Adjusted Equity Income - 5 16 - 21
Slide 30: Non-GAAP reconciliation – footnote addendum
Non-GAAP reconciliation – footnote addendum FY26 Third Quarter Earnings Call August 5, 2026 30