Slide 1: Earnings Call Presentation 1st Quarter 2025
Earnings Call Presentation 1st Quarter 2025 April 16, 2025 April 16, 2025 ALV – Q1 2025 Earnings Call and Webcast Copyright Autoliv Inc., All Rights Reserved Public
Slide 2: Safe Harbor Statement
Safe Harbor Statement* This report contains statements that are not historical facts but rather forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward- looking statements include those that address activities, events or developments that A
Slide 3: Q1'25 Key Highlights – Substantial Year-over-Year Profit & Margins Expansion
Q1’25 Key Highlights – Substantial Year-over-Year Profit & Margins Expansion Stronger than expected sales, partly driven by LVP pull- forward in Europe and North America − Solid sales despite a significant negative regional LVP** mix Substantial margin expansion Y-o-Y − Margin expansion mainly d
Slide 4: The Bernoulli Airbag – Named Innovation to Watch by Automotive News
The Bernoulli Airbag – Named “Innovation to Watch” by Automotive News The PACE Pilot Award recognizes advancements under development, with new materials, fresh ideas, creative processes and bold execution. April 16, 2025 ALV – Q1 2025 Earnings Call and Webcast Copyright Autoliv Inc., All Rights Rese
Slide 5: Q1'25 Financial Overview
Q1’25 Financial Overview Substantial margin expansion Y-o-Y Consolidated Sales Adjusted Operating Income* Operating Cash Flow US$ -Millions US$ -Millions US$ -Millions -1% 28% -$45 $2,615 $2,578 $255 9.9% Adj. $122 $199 Op. Margin* 7.6% Adj. Op. Margin* $77 Q1’24 Q1’25 Q1’24 Q1’25 Q1’24 Q1’25 * Non-
Slide 6: Significant Sequential and Year-over-Year Cost Improvements
Significant Sequential and Year-over-Year Cost Improvements Direct Labor Productivity Index Gross Margin SG&A and RD&E, net Operating Cash flow LTM Sales in relations to Average Headcount % US$ -Millions and in relations to sales US$ -Millions 300 11.0% 1,250 160 22% 140 250 10.0% 1,050 20% 120 200
Slide 7: Q1'25 Light Vehicle Market Development
Q1´25 Light Vehicle Market Development More than 3pp of headwinds from regional mix; Improved Call-off accuracy Q1´25 LVP* Customer Call-off Accuracy** % % 100% 25% Normal China COEMs 20% 15% Japan 10% 80% S. Americas 5% E.Europe 0% -5% Rest of Asia 60% N. Americas -10% W.Europe China GOEMs -15% * L
Slide 8: Q1'25 Sales Growth and Regional Sales Split
Q1’25 Sales Growth and Regional Sales Split Lower Sales on unfavorable currency translations effects, lower LVP** and a negative regional LVP** mix Sales Bridge Sales by Region Q1´25 US$ -Millions % $52 $4 $2,615 $2,578 -$93 China 17% Asia 37% Americas 33% Japan 9% Rest of Asia 11% Europe 30% Price
Slide 9: Q1'25 Sales Growth - Organic Sales Outperforming Global LVP by 3pp
Q1’25 Sales Growth - Organic Sales1 Outperforming Global LVP by 3pp Outperformance - Organic growth1 vs. LVP2 (Percentage points) EUROPE Our Main Net Sales Growth Drivers +11pp CHINA3 N.AMERICA GOEMs JAPAN +6pp CHINA3 COEMs -1pp +7pp +0pp Rest of ASIA +3pp S.AMERICA +20pp (1) Non-US GAAP measure (2)
Slide 10: Q1'25 Key Model Launches
Q1’25 Key Model Launches April 16, 2025 ALV – Q1 2025 Earnings Call and Webcast Copyright Autoliv Inc., All Rights Reserved Public
Slide 11: Financials
Financials April 16, 2025 ALV – Q1 2025 Earnings Call and Webcast Copyright Autoliv Inc., All Rights Reserved Public
Slide 12: Q1'25 Financial Overview
Q1’25 Financial Overview -US$ Millions unless specified Q1’25 Q1’24 Sales $2,578 $2,615 Gross Profit $478 18.6% $443 16.9% Adj. Operating Income1 $255 9.9% $199 7.6% Adj. EPS -assuming dilution1 $2.15 $1.58 Adj. RoCE1,2 26% 20% Adj. RoE1,2 29% 21% Operating cash flow $77 $122 Dividend paid per share
Slide 13: Q1'25 Adjusted Operating Income Bridge
Q1´25 Adjusted Operating Income* Bridge vs. prior year $56 300 $12 $255 250 $5 $4 -$2 Operations $46 -$5 -$5 $199 Primarily driven by 200 US$ Millions Improved call-off accuracy 150 Higher operational efficiency 100 Higher organic sales 50 0 * Non-US GAAP excluding effects from capacity alignm
Slide 14: Cash Flow
Cash Flow Capex and D&A Continued solid performance from higher net income -US$ Millions unless Q1´25 Q1´24 LTM 2024 2023 specified Net Income $167 $127 $688 $648 $489 Depreciation & Amortization 95 96 386 387 378 Other, net -6 14 -48 -29 -119 Change in operating WC -179 -114 -12 53 235 Operating ca
Slide 15: Trade Working Capital in Relation to Sales Continued Positive Trend
Trade Working Capital in Relation to Sales Temporarily impacted by increased receivables following the strong sales towards the end of the quarter 35% 30% 25% Continued 20% Positive Trend 15% 10% 5% 0% April 16, 2025 ALV – Q1 2025 Earnings Call and Webcast Copyright Autoliv Inc., All Rights Reserved
Slide 16: Debt Leverage Ratio
Debt Leverage Ratio* Remains within the Long-term target range Net Debt * / EBITDA* Net Debt* and EBITDA** per the Policy Times US$ Millions 2.0 2,000 Net Debt EBITDA LTM 1.3x 1.5 0.5-1.5x 1,500 Long-Term Target: 1.0x Long-Term 1.0 Range 1,000 0.5 0.0 500 Q1´23 Q2´23 Q3´23 Q4´23 Q1´24 Q2´24 Q3´24 Q4
Slide 17: We are well Positioned with Our Footprint and Broad Customer Portfolio
We are well Positioned with Our Footprint and Broad Customer Portfolio Autoliv Simplified Manufacturing Footprint North America Diversified Americas Customer Mix N. America % of global Sales BMW Rivian Other ~30% Headcount 450 Mazda Mercedes Subaru Honda Headcount VW 4,300 Hyundai /Kia EV maker Stel
Slide 18: Mitigating Impact and Adapting to a Changing Landscape
Mitigating Impact and Adapting to a Changing Landscape Tariffs Autoliv Impact Autoliv Actions March Current USMCA Compliance Taskforce • All steel and aluminum imports to the • Many of our products are USMCA • Established early in the year, our dedicated taskforce is US increased to 25% tariff
Slide 19: Light Vehicle Production Outlook
Light Vehicle Production Outlook Autoliv guidance is based on global LVP declining around -0.5% in 2025 Global Light Vehicle Production* according to S&P in March 25 24 -1.8% 23 0.6% 22 2.1% -0.4% 21 Million units 20 19 18 17 2025 global light vehicle production 16 The outlook has become significant
Slide 20: 2025 Business Outlook – Margin Expansion Expected
2025 Business Outlook – Margin Expansion Expected Compared to 2024 Adjusted Operating Margin* Development from 2022 % Lower Global LVP Headwinds from supplier cost inflation Additional cost savings from structural and strategic initiatives 14% Higher cost for certain raw materials, mainly in
Slide 21: Full Year 2025 Guidance & Assumptions
Full Year 2025 Guidance1 & Assumptions Assumes no material changes to tariffs or trade restrictions Full Year 2025 Guidance Organic sales increase2 Around 2% Adjusted Operating margin2 Around 10 to 10.5% Operating Cash flow3 Around $1.2 billion Capex, net % of sales Around 5% Assumptions Exchange Ra
Slide 22: Invitation to Autoliv's Capital Markets Day on June 4, 2025
We are Pleased to Invite you to Autoliv’s Capital Markets Day on June 4, 2025 Location: Stockholm, Sweden Date: June 4, 2025 Please contact the IR team if you have Time for presentation and web cast: 1pm-4pm CET not received an invitation April 16, 2025 ALV – Q1 2025 Earnings Call and Webcast Copyri
Slide 23: Q&A
Q&A April 16, 2025 ALV – Q1 2025 Earnings Call and Webcast Copyright Autoliv Inc., All Rights Reserved Public
Slide 24: Q1'25 Product Volumes
Q1´25 Product Volumes Autoliv Quantities Delivered Q1’25 vs. PY** (%) (Millions unless specified) Seatbelts 35.8 (1)% Pretensioners (of which) 24.9 0% Active Seatbelts (of which) 1.6 18% Frontal Airbags 15.0 (5)% Knee Airbags (of which) 1.7 (10)% Side Airbags 34.0 3% Chest (Thorax) 18.1 4%
Slide 25: Saving More Lives
Saving More Lives Saving More Lives April 16, 2025 ALV – Q1 2025 Earnings Call and Webcast Copyright Autoliv Inc., All Rights Reserved Public