Slide 1: Saving More Lives – Earnings Call Presentation 1st Quarter 2026
Saving More Lives Earnings Call Presentation 1st Quarter 2026 April 17, 2026 April 17, 2026 ALV – Q1 2026 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: Q1'26 Key Highlights – Record First Quarter Sales Supported by Growth in Asia
Q1’26 Key Highlights – Record First Quarter Sales Supported by Growth in Asia and Positive Currency Effects Strong Quarterly Sales – Driven by Strong Growth in India and China as well as positive currency effects − Sales exceeded expectations in most regions, led by a particularly strong March − I
Slide 4: Q1'26 Financial Overview
Q1’26 Financial Overview Record sales for a first quarter Consolidated Sales Adjusted Operating Income* Operating Cash Flow US$ -Millions US$ -Millions US$ -Millions 7% -4% -153 $2,753 $2,578 $255 $245 9.9% Adj. 8.9% Adj. Op. Margin* Op. Margin* $77 Q1´25 Q1´26 Q1´25 Q1´26 Q1´25 Q1´26 Q1´26 -$76 * N
Slide 5: Cost Efficiency
Cost Efficiency Partly offset by lower engineering income due to timing and currency translation effects Direct Labor Productivity Index Gross Margin SG&A and RD&E, net Operating Cash flow LTM Sales in relations to Average Headcount % US$ -Millions and in relations to sales US$ -Millions 300 11.0% 1
Slide 6: Q1'26 Light Vehicle Market Development
Q1’26 Light Vehicle Market Development LVP* Customer Call-off Accuracy** 8% 100% Normal Rest Level 6% of Asia S. America 4% Japan 2% E.Europe 0% 80% -2% N. America Global W.Europe Total -4% -3.4% -6% -8% China 60% -10% GOEMs* -12% China COEMs* Higher safety content markets Approximately 150 bps of t
Slide 7: Q1'26 Sales Growth and Regional Sales Split
Q1’26 Sales Growth and Regional Sales Split Sales Bridge Organic Sales1 vs. LVP2 US$ millions China COEMs3 $154 $2,753 +41pp 20 pp $7 $14 15 pp $2,578 Rest of Asia 10 pp 5 pp Outperformance +4 pp 0 pp China -5 pp Europe GOEMs3 Americas -10 pp Q1´25 Price volume mix Tarrif compensations Currency Q1´2
Slide 8: India: A Key Driver of Autoliv's Growth
India: A Key Driver of Autoliv’s Growth Autoliv in India Sales Development & LVP Autoliv Sales by Customer $ million & million units 600 7.0 New Dehli Steering Wheels 6.0 Airbags 500 Other 5.0 400 4.0 Million Units MAHINDRA MARUTI SUZUKI $ million Maharashtra 300 Cushions Airbags 3.0 Bangalore 200 H
Slide 9: Q1'26 Model Launches
Q1’26 Model Launches Product Launches per quarter Zeekr 8X Nissan Versa 250 200 150 100 Lepas L4 Yamaha Tricity 300 50 0 Q1 Q2 Q3 Q4 2025 2026 April 17, 2026 ALV – Q1 2026 Earnings Call and Webcast Copyright Autoliv Inc., All Rights Reserved Public
Slide 10: Financials
Financials April 17, 2026 ALV – Q1 2026 Earnings Call and Webcast Copyright Autoliv Inc., All Rights Reserved Public
Slide 11: Q1'26 Financial Overview
Q1’26 Financial Overview US$ Millions unless specified Q1’26 Q1’25 Sales $2,753 $2,578 Gross Profit $526 19.1% $478 18.6% Adj. Operating Income1 $245 8.9% $255 9.9% Adj. EPS -assuming dilution1 $2.05 $2.15 Adj. RoCE1,2 22.9% 25.6% Adj. RoE1,2 23.5% 28.9% Operating cash flow -$76 $77 Dividend paid pe
Slide 12: Q1'26 Adjusted Operating Income Bridge
Q1’26 Adjusted Operating Income* Bridge -$10 300 $28 -$5 $255 -$12 250 -$8 $15 $245 -$28 200 • Operations Primarily driven by higher operational efficiency and organic sales growth US$ Millions 150 • RD&E and SG&A presented exclude ~$13 million from FX translation effects 100 • Unrecovered tariffs a
Slide 13: Cash Flow
Cash Flow Capex & Net cash provided by operating activities Continued solid performance from higher net income -US$ Millions unless specified Q1´26 Q1´25 LTM 2025 Net Income $142 $167 $710 $736 Depreciation & Amortization 107 95 419 407 Other, net 25 -6 57 26 Change in operating WC -349 -179 -182 -1
Slide 14: Resilient Track Record of Cash Flow and Returns
Resilient Track Record of Cash Flow and Returns Unlocking Liquidity and Value Strong Cash Flow supporting Growth & Shareholder Returns Net cash provided by operating activities & Free Operating Cash Flow* 1,400 900 800 1,200 Financial Covid Covid Crisis Financial Pandemic 700 Crisis Pandemic 1,000 6
Slide 15: Resilient Track Record of Cash Flow and Returns continued
Resilient Track Record of Cash Flow and Returns continued Driving Value Through Efficient Capital Utilization Return on Capital Employed (ROCE) 30.0% Autoliv has consistently delivered strong ROCE also in periods of challenging environment, reflecting a Financial Covid disciplined capital manageme
Slide 16: Debt Leverage Ratio
Debt Leverage Ratio* Remains below our target limit of 1.5x Net Debt * / EBITDA ** Net Debt* and EBITDA** per the Policy Times US$ Millions 2.0 Net Debt EBITDA LTM 2,000 1.5 1,500 1.3x 1.0 Long-Term Target: ≤1.5x 1,000 0.5 0.0 500 Q1´23 Q3´23 Q1´24 Q3´24 Q1´25 Q3´25 Q1´26 Q1´23 Q3´23 Q1´24 Q3´24 Q1´
Slide 17: Outlook 2026
Outlook 2026 Date Presentation Name Copyright Autoliv Inc., All Rights Reserved Public
Slide 18: Light Vehicle Production Outlook
Light Vehicle Production Outlook Global Light Vehicle Production* according to S&P Global in April 2026 LVP* per Quarter 25 24 -2.0% 23 -1.9% -0.6% 22 -3.4% Global Total 21 Million units -2% Autoliv guidance is based on global 20 LVP decreasing around -1% in 2026 19 18 17 16 15 Q1 Q2 Q3 Q4 2024 2025
Slide 19: Raw Materials: Resilient Cost Structure with Pricing and Indexation Support
Raw Materials: Resilient Cost Structure with Pricing and Indexation Support Direct Material Purchase Split 2025 ~54% of sales Primarily purchasing components rather than raw materials Gold Other The hostilities in and around the Persian Gulf impact Textiles (mainly Nylon & resin) 1% 4% Textiles
Slide 20: Updated Full Year 2026 Guidance & Assumptions
Updated Full Year 2026 Guidance1 & Assumptions Full Year 2026 Guidance Organic sales increase2 Around 0 Previously ~0% Adjusted Operating margin2 Around 10.5 to 11% unchanged Operating Cash flow3 Around $1.2 billion unchanged Capex, net % of sales Less than 5% unchanged Assumptions Exchange Rates US
Slide 21: Q&A
Q&A April 17, 2026 ALV – Q1 2026 Earnings Call and Webcast Copyright Autoliv Inc., All Rights Reserved Public
Slide 22: Q1'26 Product Volumes
Q1´26 Product Volumes Autoliv Quantities Delivered Q1’26 vs. PY** (%) (Millions unless specified) Seatbelts 35.3 -1% Pretensioners (of which) 24.5 -2% Active Seatbelts (of which) 1.5 -6% Frontal Airbags 15.1 1% Knee Airbags (of which) 1.7 3% Side Airbags 37.0 9% Chest (Thorax) 19.8 9% Head
Slide 23: Reconciliation of GAAP Operating margin to Adjusted Operating margin
Reconciliation of GAAP measure "Operating margin" to Non-GAAP measure "Adjusted Operating margin" We believe that comparability between periods is improved through the exclusion of certain items. To assist investors in understanding the operating performance of Autoliv's business, it is useful to co
Slide 24: Reconciliation of Leverage ratio & Adjusted EBITDA
Reconciliation of Non-US GAAP measure “Leverage ratio & Adjusted EBITDA" The non-U.S. GAAP measure “net debt” is also used in the non-U.S. GAAP measure “Leverage ratio”. Management uses this measure to analyze the amount of debt the Company can incur under its debt policy. Management believes that t
Slide 25: Reconciliation of Net Debt
Reconciliation of Non-US GAAP measure “Net Debt" (Dollars in millions) 2026 2025 2024 2023 Mar 31 Dec 31 Sep 30 Jun 30 Mar 31 Dec 31 Sep 30 Jun 30 Mar 31 Dec 31 Sep 30 Jun 30 Mar 31 Short-term debt $393 $419 $654 $679 $540 $387 $624 $455 $310 $538 $590 $481 $577 Long-term debt 1,699 1,734 1,374 1,37
Slide 26: Reconciliation of EPS diluted to Adjusted EPS diluted
Reconciliation of GAAP measure "Earnings per share - diluted" to Non-GAAP measure "Adjusted Earnings per share - diluted" (Dollars in millions) 2026 2025 First Quarter Earnings per share - diluted (GAAP) $1.88 $2.14 Non-GAAP adjustments: 0.10 0.02 Less: Capacity alignments 0.12 - Less: Antitrust rel
Slide 27: Reconciliation of Trade Working Capital
Reconciliation of Non-US GAAP measure "Trade Working Capital" Due to the need to optimize cash generation to create value for shareholders, management focuses on operationally derived trade working capital as defined in the table below. Trade working capital is an indicator of operational efficiency
Slide 28: Reconciliation of Free Operating Cash Flow
Reconciliation of Non-US GAAP measure “Free Operating Cash Flow" 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 Net cash provided by operating activities 1,157 1,059 982 713 754 849 641 591 936 868 751 713 838 689 758 924 493 614 781 CAPEX, net 423 563
Slide 29: Saving More Lives
Saving More Lives April 17, 2026 ALV – Q1 2026 Earnings Call and Webcast Copyright Autoliv Inc., All Rights Reserved Public