Adient Plc · NYSE:ADNT
Adient — Q1 2026 Earnings Presentation
31 slides from Adient's earnings presentation, Feb 4, 2026
Slide 1: FY26 First Quarter Earnings Call
FY26 First Quarter Earnings Call February 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, Investor Relations and FP&A > Business Update Jerome Dorlack President and CEO > Financial Review Mark Oswald Executive VP and CFO > Q&A FY26 First Quarter Earnings Call 3
Slide 4: Adient posts solid start to FY26
Adient posts solid start to FY26 > Increased production, combined with continued improvements in business performance, underpinned a solid first quarter − The $11M improved business performance was achieved despite Key Q1 FY26 temporary (lumpy) production schedules at certain customers Financial Met
Slide 5: Transitioning the business beyond FY26
Transitioning the business beyond FY26 Adient’s current outlook FY27 and beyond > Strengthening supplier of choice status > Global production volumes trending higher driven largely > Top line growth expected to accelerate due to: by increases in North America and China while Europe − Onshoring wins
Slide 6: Growth opportunities
Growth opportunities Americas Asia Incremental Volume: > Double digit growth expected in China through FY28 > Onshoring opportunities ~400K units while production volumes remain relatively flat - Nissan Rogue - Adient continues to win new business with China domestic - Asia OEM C-SUV OEMs, expects t
Slide 7: Regional update
Regional update Americas EMEA Asia > Driving positive business > Industry remains challenged; > Top line growth accelerating, as performance despite near-term market has shown some signs of expected customer production disruptions stability but with mixed indicators > Strengthening relationships wit
Slide 8: Key new business and launches
Key new business and launches New Business Ford Geely Compact Crossover NIO FAW-VW Zeekr 9X/ Honda SUV ET5t Audi PPE Lynk & Co. 900 Pilot/MDX JIT/Trim/Foam/ Metals Rear row Metals Complete Seat Metals Metals Launches Mercedes-Benz Hyundai-Kia GM GAC Toyota GLB Telluride Chevrolet Bolt Hyptec A800 RA
Slide 9: ModuTec smartly redefines how seats are built
ModuTec smartly redefines how seats are built MODUTEC Efficient Manufacturing/Assembly Time Enabling Automation/Reduced Floor Space Build of module happens offline Cost Effective Design and is sequenced into main JIT line Comfort Modularity/Component Integration In-depth analysis Craftsmanship/ Warr
Slide 10: Adient 2025 Sustainability Report Now Available
Adient 2025 Sustainability Report Now Available Adient is progressing its sustainability programs, supporting long-term FY25 Highlights: value through environmental accountability, social impact, and principled governance. Learn more in our 2025 Sustainability Report at 42% reduction* in www.adient.
Slide 11: Delivering sustainable value for our stakeholders
Delivering sustainable value for our stakeholders Strong business performance through operational excellence Continuing to drive innovation and automation globally, reinforcing supplier of choice status through intense focus Operational on customer intimacy, delivering on our customers’ Innovation e
Slide 12: Financial Review
Financial Review FY26 First Quarter
Slide 13: Q1 FY26 key financials
Q1 FY26 key financials $ millions, except per share data As Reported As Adjusted 1 Q1 FY26 Q1 FY25 Q1 FY26 Q1 FY25 B/(W) Consolidated Sales $ 3,644 $ 3,495 $ 3,644 $ 3,495 4% EBIT $ 90 $ 93 $ 130 $ 122 7% Margin 2.5% 2.7% 3.6% 3.5% EBITDA N/A N/A $ 207 $ 196 6% Margin 5.7% 5.6% Memo: Equity Income 2
Slide 14: Q1 FY26 consolidated and unconsolidated sales
Q1 FY26 consolidated and unconsolidated sales Regional Performance $ in millions Consolidated sales (consolidated sales y-o-y growth vs. Q1 FY25 by region) 1 Q1 Adient Q1 S&P revenue y-o-y growth $51 y-o-y growth Americas -1% 2% $98 $3,644 EMEA 2 0% -3% Asia 3% 5% Note: China 3% 25% $3,495 Note: Asi
Slide 15: Q1 FY26 Adjusted EBITDA
Q1 FY26 Adjusted EBITDA $ in millions Q1 FY26 Adjusted EBITDA of $207M, up $11M y-o-y, primary drivers include: $4 $12 $0 $207 $196 ($5) > Favorable business performance driven by timing of commercial and supplier recoveries partially offset by expected launch costs and the unfavorable impact of cus
Slide 16: Q1 FY26 cash flow
Q1 FY26 cash flow Free Cash Flow Key drivers impacting Q1 FY26 FCF: Adjusted EBITDA to Free Cash Flow FY2026 FY2025 (+) Net customer tooling, driven by timing of customer (in $ millions) Q1 Q1 launches, primarily in EMEA Adjusted-EBITDA $ 207 $ 196 Adjusted Equity Income (29) (21) (+) Reduced y-o-y
Slide 17: Debt and capital structure
Debt and capital structure $2,500 ($ in millions) 12/31/2025 Debt Maturity Profile Cash & Debt Profile Amount 7.5% Senior Unsecured Notes $2,000 Cash & Cash Equivalents $ 855 (1) 8.25% Senior Unsecured Notes ABL Revolver, incl. FILO due 2030 - $1,500 $1,124 Term Loan B due 2031 624 $1,000 Term Loan
Slide 18: FY26 Outlook update
FY26 Outlook update Consolidated ~$14.6B revenue (previous ~$14.4B) > Based on ADNT’s positive business performance and an improved vehicle production volume forecast particularly in North America Adj.-EBITDA ~$880M (now at 15.0M, with majority of F-150 volumes assumed to be (previous ~$845M) made u
Slide 19: Appendix and Financial Reconciliations
Appendix and Financial Reconciliations FY26 First Quarter
Slide 20: Q1 FY26 Adjusted EBITDA: Americas
Q1 FY26 Adjusted EBITDA: Americas Q1 FY26 Adjusted EBITDA of $80M, down $5M y-o-y, driven by: $ in millions > Improved business performance of $9M $9 $2 ($1) due to timing of commercial activities, partially offset by increased launch expense $85 (as planned), as well as expected Q1 $80 inefficienci
Slide 21: Q1 FY26 Adjusted EBITDA: EMEA
Q1 FY26 Adjusted EBITDA: EMEA Q1 FY26 Adjusted EBITDA of $34M, up $12M y-o-y, driven by: $ in millions $5 $34 > Improved business performance of $8M ($1) $8 due to operational efficiencies and favorable material margin y-o-y $22 > Volume/mix was favorable $5M y-o-y due 2.8% to favorable volume from
Slide 22: Q1 FY26 Adjusted EBITDA: Asia
Q1 FY26 Adjusted EBITDA: Asia Q1 FY26 Adjusted EBITDA of $115M, up $4M y-o-y, driven by: $ in millions > Equity income was favorable $9M y-o-y, mainly due to increased sales in our joint ventures $3 $9 ($1) $115 > FX was a $3M tailwind during the quarter $111 ($7) primarily due to translational impa
Slide 23: Adient at-a-glance
Adient at-a-glance 2025 Top Customers and Programs by Region 1 FY25 Revenue KOEM US EV Other > Americas ~$14.5B - Ford F-150 GOEM Consolidated revenue - GM Chevrolet Traverse / Buick D3 Enclave / GMC Acadia - Toyota Tundra ~$3.5B - Toyota Tacoma JOEM Unconsolidated revenue British OEM US EV Other JO
Slide 24: 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 25: 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 First Quarter Earnings Call February 4, 2026 25
Slide 26: Non-GAAP reconciliations – Adj. income tax expense and effective tax rate
Non-GAAP reconciliations – Adj. income tax expense and effective tax rate FY26 First Quarter Earnings Call February 4, 2026 26
Slide 27: Non-GAAP reconciliations – Adj. EPS and Adj.-equity income
Non-GAAP reconciliations – Adj. EPS and Adj.-equity income FY26 First Quarter Earnings Call February 4, 2026 27
Slide 28: 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 First Quarter Earnings Call February 4, 2026 28
Slide 29: 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 $ 3,495 FX Impact 98 $ 98 FX Adjusted 3,593 - - - 3,593 Unconsolidated Sales (FX adjusted) (in $ m
Slide 30: 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 - 5 16 - 21
Slide 31: Non-GAAP reconciliation – footnote addendum
Non-GAAP reconciliation – footnote addendum FY26 First Quarter Earnings Call February 4, 2026 31