Slide 1: Investor PPT Overview
InvestorPPTOverview Corporate Template – Do not use this slide September 2026
Slide 2: Safe Harbor Statement
Safe Harbor Statement Forward-Looking Statements This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding anticipated financial results and liquidity. The words “may,” “designed to,” “outlook,” “b
Slide 3: Lear At A Glance
Lear At A Glance A Global Automotive Supplier Sales of $23.3 Billion in 2025 Leads in Top 4 Finishes in J.D. Power 2025 U.S. Seat Quality and SEATING Satisfaction StudySM $17.3 billion 2025 sales E-SYSTEMS $6.0 billion 2025 sales For Seating & E-Systems ~164,300 EMPLOYEES GLOBALLY 100+ Industry lead
Slide 4: Global Footprint
Global Footprint Europe & Africa North America 69,800 Europe E-Systems 62,900 Regional Headquarters employees employees Valls, Spain Europe Seating South America Regional Headquarters Regional Headquarters 76 São Paulo, Brazil Munich, Germany 104 facilities facilities Asia Regional 4 Global Headquar
Slide 5: Our Commitment to a Low-Carbon Future
Our Commitment to a Low- Carbon Future Lear aspires to Net-Zero Emissions 2030 by 2050 50% reduction in Scopes 1 & 2 carbon emissions at our facilities* (SBTi validated) 100% renewable energy for electric power consumed at our facilities 2033 United Nations Global 35% reduction in Scope 3 emissions*
Slide 6: Key Financials; Well-Diversified By Region and Customer
Key Financials Well-Diversified By Region and Customer 2026 Outlook* ($ in millions, except per share amounts) 2024 2025 (Mid-Point) 2025 Percentage of Sales Net Sales $23,306 $23,259 $23,775 By Region By Customer 3% Core Operating Earnings** $1,096 $1,062 $1,140 22% 20% Operating Margin % 4.7% 4.6%
Slide 7: Core Sales Backlog (Net New Awarded Business)
Core Sales Backlog (Net New Awarded Business) 2026–2027 CONSOLIDATED ≈$1.325B SALES BACKLOG* KEY BACKLOG PROGRAMS ($ in millions) SEATING ≈$1,325 ≈ $120 E-SYSTEMS • Audi Q7 / Q9 (Europe) • BMW iX3 (Europe) SEATING • Jeep Cherokee (North America) • Mercedes GLC EQ (Europe and Asia) ≈$600 ≈$725 • Sere
Slide 8: Growing with Key Chinese Automakers
Growing with Key Chinese Automakers KEY WINS WITH CHINESE CHINA REVENUE BY CUSTOMER AUTOMAKERS 2025 Actual 2027 Target ≈44% with Chinese >50% with Chinese SEATING Automakers Automakers • Complete seat and ComfortMax SeatTM awards with Geely Other Global Global EV OEM Other • Complete seat award with
Slide 9: Capital Allocation Strategy
Capital Allocation Strategy Strong Balance Sheet and Ample Liquidity • Low cost of bonds averaging less than 4% with a weighted average life of ≈11 years DEBT MATURITIES • Total available liquidity of ≈$3.0 billion, including $2.0 billion available ($ in millions) Available Revolver Bonds Term Loan
Slide 10: Long-Term Strategic Priorities
Long-Term Strategic Priorities Growing our Supporting our Extending Expanding margins capabilities in sustainable value our global through our operational creation with leadership focused portfolio excellence through disciplined capital in Seating in E-Systems IDEA by LearTM allocation Lear Propriet
Slide 11: IDEA is the evolution of Lear's strategy
IDEA is the evolution of Lear’s strategy to drive growth and improve profitability by developing innovative products and utilizing advanced technology to extend our leadership position in operational excellence • Continuing competitive advantages in operational excellence, vertical integration and i
Slide 12: Industry Leader in Automation and Digital Transformation
Industry Leader in Automation and Digital Transformation ComfortFlex by LearTM ComfortMax by LearTM FlexAir® Industry first facility for fully-automated assembly of ComfortFlex by LearTM, ComfortMax by LearTM and FlexAir® AUTOMATION CAPABILITIES DIGITAL TRANSFORMATION PPT Corporate Template – Do not
Slide 13: 2025 Key Growth and Margin Improvement Metrics Scorecard
2025 Key Growth and Margin Improvement Metrics Scorecard Growth Metric 2025 Target 2025 Results Margin Improvement 2025 Target 2025 Results Metric North American automaker Progress IDEA / Automation Conquest Wins - JIT truck program, BMW X7 ≈$75 million ≈$70 million expected Savings and Leapmotor C1
Slide 14: 2026 Key Growth and Margin Improvement Metrics Scorecard
2026 Key Growth and Margin Improvement Metrics Scorecard Growth Metric 2026 Target Margin Improvement 2026 Target Metric Conquest Wins - JIT Continued progress expected IDEA / Automation ≈$75 million Savings Conquest Wins - Wire Continued progress expected Restructuring Savings ≈$80 million Thermal
Slide 15: Global Vehicle Production and Currency
Global Vehicle Production and Currency 2026 Outlook INDUSTRY PRODUCTION (units in millions) GLOBAL NORTH AMERICA EUROPE AND AFRICA CHINA FY 2025 91.8 15.3 17.4 31.9 FY 2026 89.6 15.1 17.2 30.2 DOWN 2% YOY DOWN 1% YOY DOWN 1% YOY DOWN 5% YOY Prior Feb Outlook: Down <1% Prior Feb Outlook: Down 2% Prio
Slide 16: 2026 Full Year Outlook
2026 Full Year Outlook Interest Expense Net Sales ≈$105 million Operating Cash Flow $23,540 - $24,010 million Prior Outlook $110 million $1,250 - $1,350 million Prior Outlook $23,210 - $24,010 million Prior Outlook $1,210 - $1,310 million Effective Tax Rate Core Operating Earnings 19% - 21% Capital
Slide 17: Seating
Seating PPT Corporate Template – Do not use this slide
Slide 18: Seating at a Glance
Seating at a Glance Leader in world-class automotive seating systems with 26% global market share and largest provider of luxury solutions Most vertically integrated supplier of complete automotive seat systems Innovative solutions, such as including Just-In-Time ("JIT") ComfortFlex by LearTM, Comfo
Slide 19: Seating Core Product Portfolio
Seating Core Product Portfolio + THERMAL COMFORT SYSTEMS Vertical integration of lumbar, massage, and thermal Unmatched product portfolio driving better in-vehicle experiences luxury comfort products complements Lear's suite of Seating technologies ComfortFlex : proprietary technology that + COMPL
Slide 20: Industry Leading Global Seating Supplier
Industry Leading Global Seating Supplier SALES BY REGION TOP 5 CUSTOMERS ADJUSTED OPERATING MARGIN* Europe & Africa North America 8.0%+ 6.4% 6.6% $17.3B 2025 Seating Sales 2025 2026 Outlook Long-Term Target Asia South Pacific America 4% VALUE DRIVERS • Poised for industry volume recovery • Growing t
Slide 21: Key 2026 Product Launches
Key 2026 Product Launches Seating Jeep Recon Audi Q7 / Audi Q9 Volkswagen ID.2 Mercedes GLC EQ Mercedes GLE Seres M6 BACKLOG BACKLOG / CONQUEST BACKLOG BACKLOG BACKLOG BACKLOG JIT JIT, Trim JIT JIT, Foam, Trim JIT, Foam, Trim, Components JIT, ComfortFlex by LearTM NORTH AMERICA EUROPE EUROPE EUROPE
Slide 22: Accelerating Innovation in Thermal Comfort Systems
Accelerating Innovation in Thermal Comfort Systems MODULARITY CORE COMPONENTS 45 total awards 17 programs in production 17 programs with 17 customers across all regions launching in 2026 2025 KEY AWARDS AWARDS BY REGION BY AUTOMAKER TYPE CONQUEST 37 AWARDS: Chinese AWARDS Other Asian Domestic Asia S
Slide 23: E-Systems
E-Systems Lear Proprietary and Confidential: The information contained herein is the exclusive property of Lear Corporation. This data shall not be disseminated or republished without the prior written consent of Lear Corporation.
Slide 24: E-Systems at a Glance
E-Systems at a Glance Leader in signal distribution and power management across all vehicle architectures Innovative leader connecting networks and Fully integrated supplier Technology leader facilitating electrical signals and through design, signal, data and power managing electrical power Our cus
Slide 25: E-Systems Product Portfolio
E-Systems Product Portfolio Delivering expertise across complete electrical architectures + ELECTRICAL DISTRIBUTION SYSTEMS + BATTERY DISCONNECT UNITS AND ELECTRONIC PRODUCTS Proven partner with full-service capabilities across power, Experienced leader in power and thermal management and signal and
Slide 26: Well-Diversified and Growing Global Electrical Distribution Supplier
Well-Diversified and Growing Global Electrical Distribution and Connection Systems & Electronics Supplier SALES BY REGION TOP 5 CUSTOMERS ADJUSTED OPERATING MARGIN* North Europe America & Africa 8.0% $6.0B 4.9% 5.2% 2025 E-Systems Sales South America 2025 2026 Outlook Long-Term Target Asia 4% Pacifi
Slide 27: Key 2026 Product Launches
Key 2026 Product Launches E-Systems Global EV Audi A6 SAIC E-SUV (Dongfeng) Nissan NX8 BMW X1 (Dongfeng) Nissan Sylphy Automaker BACKLOG BACKLOG BACKLOG BACKLOG Low Voltage Wiring Low Voltage Wiring Low Voltage Wiring Low Voltage Wiring Low Voltage Wiring Low Voltage Wiring ASIA ASIA NORTH AMERICA A
Slide 28: Summary
Summary Lear Proprietary and Confidential: The information contained herein is the exclusive property of Lear Corporation. This data shall not be disseminated or republished without the prior written consent of Lear Corporation.
Slide 29: Lear Strategically Positioned to Drive Value for Shareholders
Lear Strategically Positioned to Drive Value for Shareholders Extending Seating Expanding E-Systems margins global leadership through focused portfolio • Growing 26% global JIT market share with ≈50% share in luxury • Focused product portfolio well positioned for long-term growth • Most vertically i
Slide 30: Capital Allocation Strategy Delivering Revenue and Earnings per Share Growth
Capital Allocation Strategy Delivering Revenue and Earnings per Share Growth CUMULATIVE REVENUE PER DILUTED SHARE GROWTH CUMULATIVE ADJUSTED EARNINGS PER DILUTED SHARE GROWTH 40% 36% 75% 59% 61% 29% 30% 51% 25% 50% 20% 9% 25% 10% 10% 0% 0% 0% 0% 2021 2022 2023 2024 2025 2021 2022 2023 2024 2025 Lear
Slide 31: Appendix
Appendix PPT Corporate Template – Do not use this slide
Slide 32: Non-GAAP
Non-GAAP In addition to the results reported in accordance with GAAP included throughout the presentation, the Company has provided information regarding “pretax income before equity income, interest, other expense, restructuring costs and other special items” (core operating earnings or adjusted se
Slide 33: Non-GAAP
Non-GAAP Lear Proprietary: The information contained herein is the property of Lear Corporation. 33
Slide 34: Non-GAAP
Non-GAAP Lear Proprietary: The information contained herein is the property of Lear Corporation. 34
Slide 35: Non-GAAP
Non-GAAP Lear Proprietary: The information contained herein is the property of Lear Corporation. 35