Adient Plc · NYSE:ADNT
Adient — Q4 FY2026 Earnings Presentation
30 slides from Adient's earnings presentation, Nov 4, 2026
Slide 1: FY26 Fourth Quarter Earnings Call
FY26 Fourth Quarter Earnings Call November 4, 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 > FY26 Financial Review Mark Oswald Executive VP and CFO > FY27 Outlook Peter Carlin VP, Finance Q&A FY26 Fourth Quarter Earnings Call 3
Slide 4: Delivering a solid finish to the year
Delivering a solid finish to the year REVENUE GROWTH EARNINGS RESILIENCE CASH GENERATION LIQUIDITY FY26 EXECUTION $886M ~$15.2B $884M $222M Cash at Sept. 30, 2026 Up 4% y-o-y Adjusted EBITDA flat y-o-y Free cash flow $2.4B/$1.5B Gross and net debt, Focused priorities respectively underpinning execut
Slide 5: Localized wins and premium seating content support a diversified customer base
Localized wins and premium seating content support a diversified customer base Localization and onshoring continue Breadth across powertrains Adient continues to be a net beneficiary of customer onshoring Wins span electric, hybrid and combustion platforms Nissan E-Power JIT, Trim, Foam, Components
Slide 6: FY26 execution delivered wins and operational progress
FY26 execution delivered wins and operational progress Winning with customers Commercializing innovation Recognized with customer awards in all regions Automation and modularity drove new product reinforcing Supplier of Choice status wins Continued onshoring wins and multiple conquest Commercialized
Slide 7: Financial Review
Financial Review FY26
Slide 8: Q4 FY26 key financials
Q4 FY26 key financials $ millions, except per share data As Reported As Adjusted 1 Q4 FY26 Q4 FY25 Q4 FY26 Q4 FY25 B/(W) Consolidated Sales $ 3,730 $ 3,688 $ 3,730 $ 3,688 1% EBIT $ 44 $ 120 $ 146 $ 142 3% Margin 1.2% 3.3% 3.9% 3.9% EBITDA N/A N/A $ 229 $ 226 1% Margin 6.1% 6.1% Equity income driven
Slide 9: FY26 full-year key financials
FY26 full-year key financials $ millions, except per share data As Reported As Adjusted 1 FY26 FY25 FY26 FY25 B/(W) Consolidated Sales $ 15,168 $ 14,535 $ 15,168 $ 14,535 4% Note: Sales up 2% excl. FX EBIT $ 375 $ 115 $ 564 $ 570 (1%) Margin 2.5% 0.8% 3.7% 3.9% EBITDA N/A N/A $ 884 $ 881 0% Margin 5
Slide 10: Q4 FY26 consolidated and unconsolidated sales
Q4 FY26 consolidated and unconsolidated sales $ in millions Consolidated sales Adient consolidated growth vs. market by region 1 Q4 FY26 TTM Mobility Global Adient Mobility Global Adient $46 Volumes Revenue Volumes Revenue ($4) -3% 7% # -1% 7% $3,730 Americas 2 EMEA 0% -7% # 0% -6% $3,688 China -6%
Slide 11: Q4 FY26 Adjusted EBITDA
Q4 FY26 Adjusted EBITDA $ in millions Q4 FY26 Adjusted EBITDA of $229M, slightly up y-o-y, $30 $1 despite ~$22M of temporary headwinds driven by Middle $226 $229 East conflict. Primary drivers included: ($26) ($2) > Strong business performance during the quarter, 6.1% 6.1% driven by favorable materi
Slide 12: Full year FY26 Adjusted EBITDA
Full year FY26 Adjusted EBITDA $ in millions FY26 Adjusted EBITDA of $884M, slightly up y-o-y, primarily driven by: $881 $10 $1 $884 ($3) ($5) > Favorable business performance of $58M, reflecting strong commercial discipline, partially offset by $41M 6.1% 5.8% of Middle East conflict-related costs >
Slide 13: Q4 FY26 and full year FY26 cash flow
Q4 FY26 and full year FY26 cash flow Free Cash Flow Key drivers impacting full year FY26 FCF: USD in Millions Q4 Full Year (+) Benefits associated with timing of dividend FY26 FY25 FY26 FY25 payments from China; not expected to repeat Adjusted EBITDA $229 $226 $ 884 $881 in FY27 Adjusted equity inco
Slide 14: Debt and capital structure
Debt and capital structure $2,000 ($ in millions) 9/30/2026 $ in millions Debt Maturity Profile Cash & Debt Profile Amount Cash & Cash Equivalents $ 886 $1,500 $465 ABL Revolver, incl. FILO due 2030 (1) - $1,000 Term Loan B due 2031 1,118 $1,000 $795 Total Secured Debt 1,118 8.250% Notes due 2031 46
Slide 15: Financial Outlook FY27
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Slide 16: FY27 Key assumptions and strategic priorities
FY27 Key assumptions and strategic priorities Vehicle production assumptions units in millions REGION FY26 FY27 MARKET Δ KEY PLANNING CURRENCIES N. America 15.1 14.9 (1)% €/$ $1.13 Europe 15.6 15.2 (2)% China 31.8 31.0 (3)% CNY/$ ¥6.71 Asia ex. China 23.2 23.2 - MXN/$* $18.04 Global 92.6 91.5 (1)% V
Slide 17: FY27 Outlook – Key financial metrics
FY27 Outlook – Key financial metrics Consolidated ~$14.8B – $15.0B > Revenue: Lower production volumes across all regions, partially revenue offset by continued outgrowth in Asia Adj.-EBITDA ~$900M - $925M > Adjusted EBITDA: Business performance expected to more than offset headwinds from volume and
Slide 18: Disciplined execution supports long-term shareholder value
Disciplined execution supports long-term shareholder value Returning capital to shareholders Protecting future cash flow $400M Tax Benefits Preservation Plan Increase in share repurchase authorization > The Board approved the plan to preserve The Board approved the increase, reinforcing our valuable
Slide 19: Appendix and Financial Reconciliations
Appendix and Financial Reconciliations FY26 Fourth Quarter
Slide 20: Q4 FY26 and full year FY26 Adjusted EBITDA: Americas
Q4 FY26 and full year FY26 Adjusted EBITDA: Americas FY26 Adjusted EBITDA of $399M, down slightly y-o-y, $ in millions Full year driven by: > Unfavorable business performance of $15M y-o-y $402 $9 $4 $399 ($1) due to $23M of Middle East conflict-related ($15) 5.9% 5.4% headwinds, which were partiall
Slide 21: Q4 FY26 and full year FY26 Adjusted EBITDA: EMEA
Q4 FY26 and full year FY26 Adjusted EBITDA: EMEA $ in millions FY26 Adjusted EBITDA of $125M, roughly flat y-o-y, driven Full year by: $36 $4 $1 $124 $125 > Business performance was a tailwind of $36M as ($40) restructuring benefits emerged, followed by favorable 2.6% Includes: 2.6% pricing and comm
Slide 22: Q4 FY26 and full year FY26 Adjusted EBITDA: Asia
Q4 FY26 and full year FY26 Adjusted EBITDA: Asia $ in millions FY26 Adjusted EBITDA of $450M, up $10M y-o-y, driven by: Full year > Business performance was a tailwind of $37M due to favorable $37 $11 $1 $440 $450 material margin and SG&A improvements y-o-y ($39) > Volume/mix was unfavorable $39M y-
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 Fourth Quarter Earnings Call November 4, 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 Fourth Quarter Earnings Call November 4, 2026 25
Slide 26: Non-GAAP reconciliations – Adj. EPS and Adj.-equity income
Non-GAAP reconciliations – Adj. EPS and Adj.-equity income FY26 Fourth Quarter Earnings Call November 4, 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 Fourth Quarter Earnings Call November 4, 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 $ 3,688 $ 14,535 FX Impact 118 169 50 (4) 333 FX Adjusted $ 3,613 $ 3,780 $ 3,791
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 - 6 15 - 21
Slide 30: Non-GAAP reconciliation – footnote addendum
Non-GAAP reconciliation – footnote addendum FY26 Fourth Quarter Earnings Call November 4, 2026 30