Garrett Motion Inc. · NASDAQ:GTX

Garrett Motion — Investor Presentation (November 2025)

27 slides from Garrett Motion's investor presentation, November 2025

  1. Slide 1: Investor Presentation

    NOVEMBER 2025 INVESTOR PRESENTATION Confidential | Copyrights © 2023 2022 2025 Garrett Motion Inc.

  2. Slide 2: Forward Looking Statements

    Forward Looking Statements This presentation, as well as statements incorporated by reference herein and related comments by our management, contain for ward-looking statements within the meaning of the U.S. federal securities laws. All statements other than statements of historical fact, including,

  3. Slide 3: Garrett: Global Leader and Innovation Powerhouse

    Garrett: Global Leader and Innovation Powerhouse Key Statistics 2024 Revenue Breakdown Technologies Offering By Geography Commercial Vehicle & Industrial Global #1 >50% 2% Turbo Player Win Rate of New 20% Business1 47% Large Free-Float Double Axle VNT Wastegate Emission Reduction 31% $3.5B ~$3B Ligh

  4. Slide 4: Global footprint, local player

    Global footprint, local player CORPORATE HEADQUARTERS CORPORATE ROLLE HEADQUARTERS CHEADLE SW ITZERLAND UK PRAGUE CZECH REPUBLIC PLYMOUTH USA BRNO CZECH REPUBLIC SEOUL ANSAN KOREA KOREA TORRANCE WATERFORD IRELAND USA INDIANAPOLIS PRESOV USA SLOVAKIA WUHAN CHINA KODAMA MEXICALI JAPAN THERMAL STUTTGAR

  5. Slide 5: Attractive Aftermarket, CV and Industrial Business, Accounting for >30% of Sales

    Attractive Aftermarket, CV and Industrial Business, Accounting for >30% of Sales and Even More on Profitability Revenue by Segment (2024) Non-PV Exposure in Focus Provides parts & services ✓ Stable predominantly for light and Aftermarket commercial vehicle Earnings customers Stream Industrial ✓ Long

  6. Slide 6: Leader in Turbo, a More Resilient Industry than ICE

    Leader in Turbo, a More Resilient Industry than ICE Turbo tech: longer tail than ICE Garrett leadership expansion Long term visibility on booked sales Light Vehicles turbo penetration on Internal Combustion Engines (%)1 • #1 Turbo2 Industry Leader • >80% cumulative OEM sales already awarded 55.4% 56

  7. Slide 7: Strong Interest Across Portfolio Driving Momentum

    Strong Interest Across Portfolio Driving Momentum Fuel Cell Compressor High Speed E-Powertrain E-Cooling Compressor First Generation launched in 2016, on the Honda Clarity x5-20+ x1-3 x2-3 ASP multiplier vs. Turbo Light ASP multiplier vs. Turbo Light ASP multiplier vs. Turbo Light Vehicle/Commercial

  8. Slide 8: Garrett's Robust & Differentiated Zero Emission Pipeline

    Garrett’s Robust & Differentiated Zero Emission Pipeline Garrett Technology Advantage… … Delivering High Customer Value Fuel Cell ✓ Reducing total cost of ownership • Unique high-speed motor & controls electronics Compressor ✓ Increasing vehicle range • Best in class aerodynamics, including turbine

  9. Slide 9: Successful Innovation Shift to Electrification Technologies

    Successful Innovation Shift to Electrification Technologies Turbomachines for Air High precision design & assembly, high speed Compression Working at temperatures up to 1,050°C balancing, and ability to operate in harsh environments across multiple use cases Operating with clearances ~microns High-S

  10. Slide 10: Strong Financial Framework and Cash Flow Powers Shareholder Returns and Supports De-Levering

    Strong Financial Framework and Cash Flow Powers Shareholder Returns and Supports De-Levering Our Target Financial Framework Delivering Value to Shareholders Prudent Debt Management Adj. EBIT Margin1 > 13% Targeting distribution of ~75% De-levered materially since conversion of Series A Preferred Sto

  11. Slide 11: Track Record of Attractive Profitability and Cash Flow Generation

    Track Record of Attractive Profitability and Cash Flow Generation Garrett financial framework Leading to solid profitability and cash flow resilience across cycles Adj. EBIT1 $M Adj. EBIT1 Adj. EBIT margin 1 High product profitability $531 driven by sustainable $508 $510 $475 $485 technology differe

  12. Slide 12: We Remain Focused on Value Creation

    We Remain Focused on Value Creation Industry Continue to be #1 Turbo player1 and leader in a technology-driven industry; still investing Leadership in new Turbo technologies especially for hybrids; expanding into industrial applications Proven performance through business cycles with target of ~60%

  13. Slide 13: Strong Q3 2025 | Capital Allocation Update

    Strong Q3 2025 | Capital Allocation Update Delivered Adjusted EBIT 1 of $133M, 14.7% Margin 1 in Q3 | Raising 2025 midpoint outlook Grow the business • Winning >50% of new turbo business over the last 5 years, including awards for hybrids and REEVs • Growing our industrial portfolio, with expected 2

  14. Slide 14: Appendix

    ADVANCING MOTION

  15. Slide 15: Reconciliation of Net Income to Adjusted EBIT, Adjusted EBITDA and Consolidated EBITDA

    Reconciliation of Net Income to Adjusted EBIT, Adjusted EBITDA and Consolidated EBITDA1 ($ in millions) Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 LTM Q2 2025 LTM Q3 2025 Net income - GAAP $52 $100 $62 $87 $77 $301 $326 Interest expense, net of interest income 37 26 29 23 28 115 106 Tax expense (benefi

  16. Slide 16: Reconciliation of Cash Flow from Operations to Adjusted Free Cash Flow

    Reconciliation of Cash Flow from Operations to Adjusted Free Cash Flow and Adjusted Free Cash Flow Conversion ($ in millions) Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Net cash provided by operating activities $84 $126 $67 $131 $56 $158 $100 Expenditures for property, plant and equipme

  17. Slide 17: Reconciliation of Long-Term Debt to Net Debt and Related Ratios

    Reconciliation of Long-Term Debt to Net Debt and Related Ratios ($ in millions) Q3 2025 Q2 2025 Q3 2024 Long-term term debt $1,460 $1,460 $1,464 Short-term term debt $7 $7 $7 Bank overdraft $0 $0 $0 Deferred finance costs $23 $24 $24 Gross Debt $1,490 $1,491 $1,495 Cash and cash equivalents $230 $23

  18. Slide 18: Reconciliation of Constant Currency Sales % Change

    Reconciliation of Constant Currency Sales % Change Garrett Q3 2025 Q3 2024 YTD Q3 2025 YTD Q3 2024 Reported sales % change 9% (14%) 2% (11%) Less: Foreign currency translation 3% 0% 1% (1%) Constant Currency sales % change 6% (14%) 1% (10%) Gasoline Reported sales % change 13% (19%) 7% (14%) Less: F

  19. Slide 19: Metrics vs. peers – EBIT, EBITDA & EV / Adj. EBIT

    Metrics vs. peers – EBIT, EBITDA & EV / Adj. EBIT LTM Adj. EBIT Margin LTM Adj. EBITDA Margin EV / LTM Adj. EBIT 14.5% 17.8% 18.5x 12.3% 15.4% 14.3% 13.0% 9.4% 11.0% 11.2x 8.0% 9.2x 9.2x 9.2x 5.5% Garrett PV - CV - Broader Proxy Garrett PV - CV - Broader Proxy Garrett PV - CV - Broader Proxy focused

  20. Slide 20: Metrics vs. peers – EBIT and EBITDA conversion; FCF yield

    Metrics vs. peers – EBIT and EBITDA conversion; FCF yield LTM FCF / EBITDA LTM FCF / EBIT LTM FCF Yield 61.1% 77.5% 12.5% 57.8% 75.2% 68.4% 66.5% 68.4% 10.9% 50.6% 48.1% 8.5% 35.9% 6.6% 3.9% Garrett PV - CV - Broader Proxy Garrett PV - CV - Broader Proxy Garrett PV - CV - Broader Proxy focused focus

  21. Slide 21: Metrics vs. peers – EBIT and EBITDA leverage

    Metrics vs. peers – EBIT and EBITDA leverage Gross leverage (EBITDA) Net leverage (EBITDA) FCF / Net leverage 2.9x 2.0x 2.0x 33.1% 2.4x 1.7x 27.5% 28.1% 2.3x 2.2x 1.5x 24.5% 2.0x 21.6% 0.9x Garrett PV - CV - Broader Proxy Garrett PV - CV - Broader Proxy Garrett PV - CV - Broader Proxy focused focuse

  22. Slide 22: Industry Transition Driving Greater Content & Higher ASP

    Industry Transition Driving Greater Content & Higher ASP Core Tech Advanced Turbo Technologies New Zero Emission Technologies Waste Gate (WG) Variable Nozzle E-Turbo E-Cooling Fuel Cell E-Powertrain technology Technology (VNT) Compressor Compressor Light Vehicles $100-400 x1.2-1.3 x2 (LV) Average Se

  23. Slide 23: High Speed E-Powertrain: Higher Power, Smaller Package

    High Speed E-Powertrain: Higher Power, Smaller Package Designed to re-set the benchmark… …via Best-in-Class Power Density Existing IPM Motor E-Powertrain True high-speed Technology Leading 35krpm US BEV player Gearbox Gear ratio Space freed up 24:1 by Garrett Inverter 800V >15kHz Garrett High 250kW

  24. Slide 24: E-Cooling Compressor: Step Change in Cooling & Heating Power

    E-Cooling Compressor: Step Change in Cooling & Heating Power A new refrigerant compressor technology… … bringing breakthrough in performance Cooling / Heating Power (kW) Industry standard 30 25 GTX compressor 30 mm wheel dia 20 +70% Similar size & +160% weight (6kg) 15 Scroll compressor Volumetric s

  25. Slide 25: Fuel Cell Compressor (FCC): Efficient and Durable

    Fuel Cell Compressor (FCC): Efficient and Durable High-Speed Air Compressor System... …Bringing Best-in-Class Efficiency and Durability Foil Bearing 400V/800V To drive 100 km a Fuel Cell Electric Vehicle consumes Stator …1kg of Hydrogen Rotor …60 m of air Bearing Cooling 3 Bearing Housing Controller

  26. Slide 26: Founded on Unique Set of Capabilities & IP Difficult to Acquire

    Founded on Unique Set of Capabilities & IP Difficult to Acquire And more: 65y exp. with Unique ultra High switching Unique high- High speed air compression high-speed freq. power speed sensor- and oil-less turbomachine electric motor electronics less controls bearings Industry status Why so difficul

  27. Slide 27: Investors Media

    Investors Media Cyril Grandjean Amanda Jones +1 734 392 55 04 +41 79 601 07 87 InvestorRelations@garrettmotion.com Amanda.Jones@garrettmotion.com Confidential | Copyrights © 2023 2022 2025 Garrett Motion Inc.

Garrett Motion — Investor Presentation (November 2025) on 6ix