Slide 1: Q1 2026 Earnings
PHINIA Q1 2026 EARNINGS Precision. Performance. Practical Sol Delphi = Mi netcoremy | @hartridge
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation contains forward-looking statements within the meaning of U.S. federal securities laws. Forward-looking statements are statements other than historical fact that provide current expectations or forecasts of future events based on certain assumptions and a
Slide 3: Glossary
GLOSSARY Acronym Definition Adj Adjusted AOI Adjusted Operating Income BEV Battery Electric Vehicle CAGR Compound Annual Growth Rate CV Commercial Vehicle EBITDA Earnings Before Interest, Tax, Depreciation & Amortization EPS Earnings Per Share FCF Free Cash Flow FX Foreign Exchange HD Heavy Duty Hwy
Slide 4: Long-Term Value Creation
LONG-TERM VALUE CREATION EXECUTING STRATEGIES TO DELIVER CONSISTENT SHAREHOLDER RETURNS Product Leadership • Leading Competitive Position Stable Growth • Diverse Industrial Markets Financial Discipline • Consistent and Reliable Performer Maximizing Total Shareholder Returns 4
Slide 5: First Quarter 2026 Highlights
FIRST QUARTER 2026 HIGHLIGHTS COMMITTED TO FINANCIAL SUCCESS $878M Net Sales Key Financial Metrics • 12.2% Total Segment Adj. $115M 13.1% Adjusted EBITDA(1) & Margin(1) Operating Income Margin • 9.3% Fuel Systems • 17.0% Aftermarket $1.29 Adjusted Diluted EPS(1) First-Quarter Strong Financial Perfor
Slide 6: Segment Wins: Fuel Systems
SEGMENT WINS FUEL SYSTEMS PHINIA is Winning and Retaining Business Across Multiple Markets and Regions. Notable Wins in Q1 Include: Conquest Platform Expansion New Business A Compressed Natural Gas Fuel Rail Jet fuel direct injectors, leveraging our A direct injection fuel rail assembly with a Assem
Slide 7: Segment Wins: Aftermarket
SEGMENT WINS AFTERMARKET Conquest New Business Contract Renewal Expanded our product portfolio with a Expanded our Aftermarket presence by Renewed a starter program with a global major warehouse distributor in the adding two new customers in Europe and commercial vehicle on and off-highway Americas
Slide 8: Stable Growth Through Diversity of End Markets
STABLE GROWTH THROUGH DIVERSITY OF END MARKETS DIVERSIFIED INDUSTRIAL Net Sales Splits – 2025 Resilience, Growth, & Flexibility Resilient End-Market with Unique Cycles & Dynamics. Strong Demand with Minimal Anticipated Impact from BEV Penetration Emerging Growth Industries: Off-Highway, Industrial,
Slide 9: Disciplined Capital Allocation
DISCIPLINED CAPITAL ALLOCATION PHINIA MODEL Retu rn t al a pi C Life-to-Date ve Maximizing Total Through Q1 2026 iti $612M 20% Shareholder Return et mp $120M Total Shareholder Returned to Shareholders (2) Dividend Growth Since Inception Sustainable Free Cash Co Dividends Paid (1) 23% ~4% Flow Genera
Slide 10: Q1 2026 Net Sales
Q1 2026 NET SALES STRONG PERFORMANCE SETS PACE FOR FISCAL YEAR in millions ($) $14 $39 $12 $864 $878 $17 $796 Volume/Mix Tariffs FX M&A Primarily Driven Customer Mainly Driven by Newly Acquired by Higher Sales Recovery of Strengthening of: SEM Business in Asia and Tariffs EUR $23 Americas CNY $6 GBP
Slide 11: Q1 2026 Adjusted EBITDA
(1) Q1 2026 ADJUSTED EBITDA FUELING THE MOMENTUM in millions ($) $2 $2 $6 $3 $113 $115 13.1% $103 $(1) 12.9% Volume/Mix Net Tariffs Cost of Sales All Other M&A Unfavorable Net Tariff Pass- Positive Impact Primarily Driven Newly Acquired Product Mix in Through From Supplier by Favorable FX SEM Busine
Slide 12: 2026 Full Year Outlook
2026 FULL YEAR OUTLOOK ACCELERATING PERFORMANCE Net Sales Adj. Free Cash Flow (1) $3,515 - $3,715M 1% to 7% YoY Growth $200 – $240M Adj. EBITDA & Margin (1) (1) Adj. Effective Tax Rate (2) $485 - $525M 13.7% - 14.3% 30% - 34% (1) Forward-looking Non-GAAP metric. See Appendix for Adjusted EBITDA, Adj
Slide 13: Expected Consistent Performance Through the Decade
EXPECTED CONSISTENT PERFORMANCE THROUGH THE DECADE READY TO DELIVER S c ale with Growth al l ob G 2–4% Average Organic (1) Revenue CAGR Mo dest Leverage Target Hig h l y C as h >40% ~1.5X Adj. FCF Net Conversion (2) Leverage(2) Ge n 14–15% era tiv Adjusted e (2) EBITDA Margin r g ins Strong Ma (1) E
Slide 14: Appendix
PHINIA APPENDIX Delphi = Mi netcoremy | @hartridge
Slide 15: Stable Growth Through Diversity of End Markets
STABLE GROWTH THROUGH DIVERSITY OF END MARKETS ADVANCING SUSTAINABILITY TODAY, POWERING A CLEANER TOMORROW SERVICE LIGHT LIGHT MEDIUM AND OFF-HIGHWAY, PASSENGER COMMERCIAL HEAVY-DUTY INDUSTRIAL, AND VEHICLE VEHICLE COMMERCIAL OTHER (LPV) (LCV) VEHICLE (OFF-HWY/IND./ (MD/HD CV) OTHER) Includes Vehicl
Slide 16: Q1 2026 – Fuel Systems
Q1 2026 – FUEL SYSTEMS Net Sales & Segment Adj. Operating Income Net Sales $490 $13 $4 $28 $14 $549 $1 $1 $1 $2 $50 $51 Segment Adj. Operating Income & Margin $46 9.3% 9.4% Core Drivers Tariffs FX & Other M&A Sales Sales & AOI Sales & AOI Newly Acquired SEM Asia & Americas Net Tariff Pass- Driven by
Slide 17: Q1 2026 – Aftermarket
Q1 2026 – AFTERMARKET Net Sales & Segment Adj. Operating Income Net Sales $306 $4 $8 $11 $329 $2 $- $3 Segment Adj. Operating Income & Margin $56 $51 17.0% 16.7% Core Drivers Tariffs FX & Other Sales Sales & AOI Sales Primarily Driven by Net Tariff Pass- Driven by FX Tailwinds Increased Sales in Thr
Slide 18: Historical Quarterly Financial Metrics
(1) HISTORICAL QUARTERLY FINANCIAL METRICS 2026 2025 Q1 Q1 Q2 Q3 Q4 FY Fuel Systems $ 549 $ 490 $ 556 $ 571 $ 560 $ 2,177 Aftermarket 329 306 334 337 329 1,306 N et Sales $ 878 $ 796 $ 890 $ 908 $ 889 $ 3 ,4 8 3 Fuel Systems 51 46 62 76 60 244 Margin % 9.3% 9.4% 11.2% 13.3% 10.7% 11.2% Aftermarket 5
Slide 19: Adjusted EBITDA and Margin Reconciliation to US GAAP
ADJUSTED EBITDA AND MARGIN RECONCILIATION TO US GAAP The Company defines adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) as net earnings less interest, taxes, depreciation and amortization, adjusted to exclude the impact of restructuring expense, separation-related c
Slide 20: Adjusted Operating Income and Margin Reconciliation to US GAAP
ADJUSTED OPERATING INCOME AND MARGIN RECONCILIATION TO US GAAP The Company defines adjusted operating income as operating income adjusted to exclude the impact of restructuring expense, separation-related costs, merger and acquisition expense, impairment charges, other net expenses, and other gains
Slide 21: Adjusted Net Earnings and Adjusted EPS Reconciliation to US GAAP
ADJUSTED NET EARNINGS AND ADJUSTED NET EARNINGS PER DILUTED SHARE RECONCILIATION TO US GAAP The Company defines adjusted net earnings and adjusted net earnings per diluted share as net earnings and net earnings per share adjusted to exclude: (i) the tax-effected impact of restructuring expense, sepa
Slide 22: Adjusted Free Cash Flow Reconciliation to GAAP
ADJUSTED FREE CASH FLOW RECONCILIATION TO GAAP The Company defines adjusted free cash flow as net cash provided by operating activities after adding back adjustments related to the ongoing effects of separation-related transactions, less capital expenditures, including tooling outlays. Management be
Slide 23: PHINIA
—>PHINIA Delphi HB neicoremy hartridge