Autoliv, Inc. · NYSE:ALV

Autoliv — Investor Day (June 2025)

131 slides from Autoliv's investor day presentation, Jun 4, 2025

Slide 2: Today's Agenda
Welcome to Autoliv’s Today’s Agenda CMD 2025 13:00 – 14:30 Welcome Anders Trapp/ Henrik Kaar Leading the Way: Charting Our Mikael Bratt Path Forward Driving and Creating growth in a Megan Fisher/Sng Yih Dynamic Market Driving Growth Through Innovation Fabien Dumont/ in a Dynamic Market Cecilia Sunne
Slide 3: 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-l ooking statements include those that address activities, events or developments that A
Slide 4: Leading the Way: Charting Our Path Forward
Autoliv Capital Markets Day 2025 Leading the Way: Charting Our Path Forward Mikael Bratt President & CEO June 4, 2025 2025 Capital Markets Day Copyright Autoliv Inc., All Rights Reserved Public
Slide 5: Welcome to Capital Markets Day 2025
Welcome to Capital Markets Day 2025 Main Topics  Sustainable increase in shareholder returns – Ambition of average annual share repurchases between $300 and 500 million through the end of 2029 – Attractive and growing quarterly dividend – New stock repurchase program of up to $2.5 billion effective
Slide 6: Autoliv's Products Save 37,000 Lives per Year
Autoliv’s Products Save 37,000 Lives per Year 37,000 More Life Lived (illustrated by Copilot) June 4, 2025 2025 Capital Markets Day Copyright Autoliv Inc., All Rights Reserved Public
Slide 7: Leading the Way
Leading Aspiration the Way Safety for Mobility & Society Market Transformer System Integration 2025 One Team Light & Commercial Carbon Neutral in Vehicle Safety Own Operations Market & Commercial Influencer Electronics & Mechatronics Systems End-to-End Way of Working 2022 Low-Carbon Energy Light Veh
Slide 8: Our Strategy for Change
Our Strategy for Change Enables us to Adapt to a Continuously Evolving Automotive Industry Driving Profitability Through End-to-End Driving and Creating Growth Operational Excellence in a Dynamic Market THE PROFITABLE & CAPITAL AUTOLIV …GROWTH EFFICIENT… WAY Driving Growth Through Innovation Transfo
Slide 9: Significant Progress Since 2023 Investor Day
Significant Progress Since 2023 Investor Day – Despite Market Challenges June 4, 2025 2025 Capital Markets Day Copyright Autoliv Inc., All Rights Reserved Public
Slide 10: What have we achieved since last Investor Day?
What have we achieved since last Investor Day?  Implemented Strategic Initiatives and Optimized Footprint  Achieved Cost saving through Automation & Digitalization  Successfully Negotiated Cost Compensations  Executed on the Capital Efficiency Program  Grown topline by 18%, outperforming LVP by
Slide 11: Headwinds since prior Capital Market Days
Headwinds since prior Capital Market Days Inflation Volatility LVP Market Mix in China % Average Customer forecast accuracy % Stronger than expected Growth for Lower CPV Vehicles 12% 100% 35 US EU LVP Forecast vs. Actual 30 10% Normal 25 8% 20 6% 80% 15 4% 10 China @' 25 China @'23 2% C-OEM @'25 5 C
Slide 12: Substantial Progress since Last CMD
Despite This We Have Made Substantial Progress since Last CMD Adj. Operating Margin Development* % of sales ~10.0 – 10.5% 9.7%  Improved Productivity 9.1% through headcount reduction 8.8% & automation 8.3%  Indirect workforce efficiency  Automation & Digitalization 6.8% 6.5%  Inflation compensat
Slide 13: Substantial Shareholder Returns
Substantial Shareholder Returns Repurchased 11 million shares corresponding to 13% of outstanding shares Shareholder Returns $ millions 552 352 115 89 Stock Repurcheses 224 225 219 164 Dividends* 108 54 2020 2021 2022 2023 2024 YTD 2025 $1.9 billon (*) Includes dividends paid including Q2´25 and sto
Slide 14: Market Transformation & Light Vehicle Market Outlook
Market Transformation & Light Vehicle Market Outlook June 4, 2025 2025 Capital Markets Day Copyright Autoliv Inc., All Rights Reserved Public
Slide 15: LVP Volumes Growth back to Long-term Trend
Automotive Market – LVP Volumes Growth back to Long-term Trend Global Light Vehicle volumes historic & forecast* (Units m) 20+ year history 10 year forecast 97 92 92 86 86 88 87 85 72 72 68 62 55 S&P 57 Linear (S&P) 2.4% -0.1% 1.3% CAGR CAGR CAGR 2000-2019 2019-2024 2024-2035 2000 2002 2004 2006 200
Slide 16: Shifting Market Landscape – LVP Growth by Region
Shifting Market Landscape – LVP Growth Driven by China OEMs & South Asia Global Light Vehicle Production – by Region North America Europe China South Asia Japan/Korea 30M 30M 30M 30M 30M 25M 25M 25M +3% 25M 25M 20M 20M 20M 20M 20M 0.4% 0.2% 15M 15M 15M 15M 15M +5% -1% 10M 10M 10M 10M 10M 5M 5M 5M 5M
Slide 17: Automotive Market Fueled by Economic Growth, Replacement, Electrification
Automotive Market Fueled by Economic Growth, Replacement Demand, and Electrification Increased standard of living leads Average age of vehicles hits BEVs share of to more cars per capita1 new record2 Global LVP3 Cars per 1k people Example: U.S & Europe Vehicle Average Age in years 1,000 13 35% 900 3
Slide 19: Our Strategy for Change
Our Strategy for Change Strategic Partnerships A Very Quality Diversified Leadership Customer Portfolio Enables us to Adapt to a Continuously Evolving Leading Engineering & THE Market AUTOLIV Leader in all Automotive Industry Manufacturing Footprint WAY Regions Cost Drivetrain Leadership Agnostic Te
Slide 20: Customer mix – One of the Most Diversified in the Industry
A Very Customer mix – One of the Most Diversified in the Industry Diversified Customer Portfolio Autoliv Sales by OEM & OEM Origin1 Market share development with our top-20 Customers2 Other 10 9% 15% Other 8 4% 7% 9% 2% 2% 20% 2% 6 4% 9% 31% 4 4% 4% 9% 2 EV Maker 38% 5% 8% 0 5% <30% 30%-40% 40-50% 5
Slide 21: Leading global footprint with #1 position in all regions
Market Leading global footprint with #1 position in all regions Leader in all Regions Americas 47% China Europe 33% 52% Japan & Korea 42% India Market Share1 59% Manufacturing Tech Centers (1) Company market estimates for 2024 include seatbelts, airbags and steering wheels June 4, 2025 2025 Capital
Slide 22: Optimizing our Global Footprint & Capacity
Leading Cost Optimizing our Global Footprint & Capacity to a Changing Market Engineering & Manufacturing Leadership Footprint Americas Japan  Reduced POH and SG&A Consolidated operations headcount Sweden − Closed Inflator plant Moving Inflator − Closed Steering Wheel  Transferred functions from pr
Slide 23: Focus on C-OEMs and growing segments
A Very Focus on C-OEMs and growing segments to ensure strong Drivetrain Agnostic Diversified Customer sales in a market transition Portfolio Market Share with C-OEMs1 Drivetrain Agnostic % Example: 35% BMW 550 (ICE) BMW i5 (EV) 30% 25% 20% 15% No Change to Safety Content 10% 2023 2024 F2025 F2026 20
Slide 24: Regulations driving Real-Life Safety opportunities
Regulations are driving Real-Life Safety opportunities and the need Technology Leadership for new safety innovations Today Transition Real-World Adaptive System Simple approach with few NCAP Vision 2030 introduces Restraints systems optimized for the greater variability evaluation points more evalua
Slide 25: Driving Profitability & Growth Through Quality and Productivity
Quality Cost Driving Profitability & Growth Through Quality and Productivity Leadership Leadership Quality Focus Productivity Improvement* 8.1% Autoliv has been involved in around 2% of passive safety recalls over the last ten years Autoliv, 2% 4.1% 2.6% 1.4% 0.1% 2020 2021 2022 2023 2024 Other, 98%
Slide 27: Towards our targeted Adj. Operating Margin of ~12%
Towards our targeted Adj. Operating Margin* of ~12% Journey to our adj. op margin target ~12% 0.1% 9.7% 0.4% -0.1% 8.8% 0.5% 2023 adj. Indirect Normalization Automation & Growth, net 2024 Adj. Indirect Normalization Automation & Growth, net Target adj. Operating headcount of call-offs Digitalization
Slide 28: Reiterating our Financial Targets
Reiterating our Financial Targets Average Annual Adjusted Cash Conversion Leverage Ratio Organic Growth Operating Margin1 over time2 over time3 4-6% ~12% ≥80% ≤1.5x Drivers Drivers  Profit Growth  Continued Prudent  CPV  Operational leverage  Capital Efficiency leverage policy ‐ Rating & Regula
Slide 29: Sustainable High Level of Shareholder Returns
Sustainable High Level of Shareholder Returns Creating Shareholder Value Shareholder Returns $2.5 billion new stock Strong Balance Progression Free Operating repurchase program Sheet towards targets Cash Flow* through the end of 2029 Despite debt from spin-  Capital Efficiency  Operating cash flow
Slide 30: Driving & Creating Growth in a Dynamic Market
Autoliv Capital Markets Day 2025 Driving & Creating Growth in a Dynamic Market Megan Fisher, Senior Vice President Sales / Sng Yih, President Autoliv China June 4, 2025 2025 Capital Markets Day Copyright Autoliv Inc., All Rights Reserved Public
Slide 31: Well diversified customer mix
Chinese OEM Share Well diversified customer mix XPENG SGMW OTHER 4% 3% 3% CHANGAN NIO CO LTD 4% Serving All Major OEMs (2024) 6% GEELY 28% 10% LIXIANG AUTO 9% 8% BYD AUTO 8% 11% GREAT WALL MOTOR 21% 7% CHERY 12% 6% 5% 4% 3% 2% 1% 0% Chinese OEMs EV MAKER June 4, 2025 2025 Capital Markets Day Copyrig
Slide 32: Market leadership in all regions and across product segments
Market leadership in all regions and across product segments Seatbelt market share 45% EUROPE 52% CHINA EUROPE 28% 33% CHINA AMERICAS 19% Airbag & 47% AMERICAS steering wheel 33% market share ASIA 44% 44% 19% ASIA 2024 2024 SHARE MARKET OF TOTAL (*)Company estimates SHARE* SALES June 4, 2025 2025 Ca
Slide 33: Global Light Vehicle Production expected to grow ~1.3% per year
Global Light Vehicle Production is expected to grow at around 1.3% per year from 2024 through 2030 Americas Europe, China Asia excl. China Middle East & Africa 29.2 30.4 23.6 20.0 4.3% 21.3 18.1 19.2 17.0 4.0% 10.8% 6.8% 2024 2030 2024 2030 2024 2030 2024 2030 Source: S&P Global May 2025 June 4, 202
Slide 34: Shift in OEM mix
The past years the Light Vehicle market experienced a shift in OEM mix OEM market share development – Global Forecast 32% 28% 28% 30% 25% Chinese OEMs are 23% 22% expanding their market 15% shares both domestically 12% 13% and internationally 12% 9% 9% 8% 2019 2020 2021 2022 2023 2024 2025 2026 2027
Slide 35: EV volatility – balance amongst propulsion systems
EV volatility – Our strategy is to maintain a balance amongst propulsion systems +81.7% 45 44.3% 41.5% 30.6 ~ 44% +0.4pp 40 38.3% 35 33.7% 16.8 29.6% 30 24.6% 25 19.4% 0 2024 2025 2026 2027 2028 2029 2030 2024 2027 2024 2024 2024 2027 Electric Vehicle LVP Autoliv Autoliv Autoliv Market Global EV rat
Slide 36: Rise in premium and mid-segment vehicles raises content per vehicle
The rise in premium and mid-segment vehicles has a positive impact on safety content per vehicle (CPV) Price segment Development as share of Global LVP Passive Safety Content per Vehicle 61% +27% 55% Entry +41% 32% Mid 28% Premium 13% 11% 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Entry
Slide 37: Safety Content per Vehicle is increasing across all regions
Safety Content per Vehicle (CPV) ‘22-’27 CAGR $400 Developed Safety Content per $350 Markets +2.5% Vehicle is increasing across all regions, $300 Total although the growth Markets +2.3% rates varies $250 Growth Markets +2.9% $200 $150 $100 2022 2023 2024 2025 2026 2027 June 4, 2025 2025 Capital Mark
Slide 38: Ratings and Regulation changes increase content per vehicle
Ratings and Regulation changes around the world continue to increase our content per vehicle High Content SW Center Airbag Rear Pretensioning – Global – China – N. America 18.3% 36.1% 57.0% 45.9% 9.4% 13.0% 2024 2027 2024 2027 2024 2027 June 4, 2025 2025 Capital Markets Day Copyright Autoliv Inc., A
Slide 39: Customers' improved user experiences drive safety content
Our Customers aim to provide improved user experiences which will drive safety content per vehicle over time Steering Wheel CPV Zero Gravity Seat Safety Content Estimated Market value (million $) +13% $160 $140 $120 $100 $80 $60 $40 $20 $- 2024 2025 2026 2027  New Steering concepts 2024 2027  Room
Slide 40: China Market – Acceleration of C-OEMs Market Share
China Market* - Significant Acceleration of the C-OEMs Market Share Market share development by OEMs groups 2024 LVP by OEMs** 80% Other U-OEM; 70% 1.0M Tesla, 0.9M 62% Other J/K- 60% OEM; 2.1M BYD; 4.3M C-OEMs ~19M 50% Toyota; 1.5M Other E-OEM, 40% 1.5M Geely; 2.5M 38% Chery; 2.1M 30% 27% 26% Volks
Slide 41: C-OEMs Oversea Manufacturing Footprint Plans
C-OEMs Oversea Manufacturing Footprint Plans Pakistan Turkey Belarus SOP 2026 Plan Plan Russia Finland Poland Plan India Plan UK Vietnam SOP 2025 Ecuador Malaysia Mexico Uzbekistan Spain Plan Plan SOP 2024 Indonesia Egypt SOP 2026 Italy Brazil Thailand Plan Hungary SOP 2025 SOP 202x Plan SOP 2025 Ju
Slide 42: Shifting Market Landscape – C-OEMs Gaining Shares
Shifting Market Landscape – C-OEMs Gaining Shares Global Light Vehicle Production1 – Split by OEM Origin2 2019 2024 F2029 Other Other 3% Other 5% 5% C-OEMs U-OEMs 11% U-OEMs C-OEMs U-OEMs 15% 13% 22% 13% C-OEMs 27% 86M E-OEMs 30% 87M 91M E-OEMs 24% J/K-OEMs E-OEMs J/K-OEMs J/K-OEMs 22% 36% 33% 41% (
Slide 43: Autoliv China – Leading Automotive Safety Supplier in China
Autoliv China – The Leading Automotive Safety Supplier in China Vertical integrated operations with full system development capabilities Autoliv China Footprint Technology 1 Technical Center & 15 Plants Autoliv China has structured ourselves to stay ahead of competition with strong local RD&E capabi
Slide 44: Autoliv China – Serving 69 Customers
Autoliv China – Serving 69 Customers (@ 2 June, 2025) C-OEM Global Customer: 62 G-OEM in China Customer : 29 Autoliv Customer: 42 Autoliv Customer: 27 JAC NIO Firefly *Overseas Brands *Autoliv new business brands Honda- Ye BUICK NEV brand June 4, 2025 2025 Capital Markets Day Copyright Autoliv Inc.,
Slide 45: Significant Progress in Customer Relationships
Autoliv China - Achieved Significant Progress in Customer Relationships New Business Cooperations Customer Awards October 2022 March 2023 May 2023 June 2023 Li Auto Excellence Quality Award GWM Sincere Partner Award, Global Pioneer ward and Excellent Quality Award XPENG "Together with XPeng" and "QC
Slide 46: Sustainable Growth – Breakthroughs with C-OEMs
Sustainable Growth – Breakthroughs with C-OEMs & Supporting G-OEMs in their new Strategy C-OEMs G-OEMs in China 2023 Businesses breakthroughs with Changan New journey to support the and Chery, have developed very well: their strategy: Sales growth % Sales Growth % 2023 AC 2024 AC 2025 Forecast* “In
Slide 47: Retaining Our Market Leading Position
Retaining Our Market Leading Position Traditional customers volume drop % (Combined total of Top Five GOEMs) LVP YoY % 2023 2024 2025 Forecast Top 5 GOEM customers -8.4% -20.5% -15.4% Autoliv has held on to its leading position in China, despite that vertically Chinese OEMs volume increase % integra
Slide 48: Record Number of New Launches in 2025
Autoliv China – Record Number of New Launches in 2025 Already launched in 2025 Coming launches in 2025 GWM Tank P01 Xpeng G7 Changan C655 New China EV Model New China EV Model Chery T1G NIO Fireﬂy SOP : 2025Q1 SOP : 2025Q2 SOP: 2025Q2 SOP : 2025Q3 SOP : 2025Q3 SOP: 2025 Q1 SOP : 2025Q2 GWM Tank 800
Slide 49: Focus on C-OEMs Ensures Strong Sales
Our Focus on C-OEMs Ensures Strong Sales in the Market Transition Market Share with C-OEMs* % 35% 30% 25% 20% 15% 10% 2023 2024 2025 2026 Xpeng G9 (*) Company estimates June 4, 2025 2025 Capital Markets Day Copyright Autoliv Inc., All Rights Reserved Public
Slide 50: Driving & creating growth in a dynamic market
Driving & creating growth in a dynamic market  Autoliv has a strong leadership position with global and Chinese based OEMs  Light vehicle market growth and content per vehicle growth are expected to continue through 2030  Our growth strategy is rooted in building and maintaining strong partnershi
Slide 51: Driving Growth Through Innovation in a Dynamic Market
Autoliv Capital Markets Day 2025 Driving Growth Through Innovation in a Dynamic Market Fabien Dumont, Executive Vice President & Chief Technology Officer Cecilia Sunnevång, Vice President Research and Early Innovation June 4, 2025 2025 Capital Markets Day Copyright Autoliv Inc., All Rights Reserved
Slide 52: Holistic, real-life perspective on traffic safety
Autoliv takes a holistic, real-life perspective on traffic safety  In depth understanding of biomechanics and accident data  Go beyond standardized test scenarios  Focus on real-life situations and benefits  Enabler of future mobility solutions  Saving More Lives June 4, 2025 2025 Capital Marke
Slide 53: New vehicle technologies driving demand for novel interior solutions
New vehicle technologies & end-customer preferences are driving near- term demand for novel interior solutions  End-customer demand for new interior configurations & functionalities, especially seating solutions  OEMs looking for support to deliver these new functionalities – safely June 4, 2025 2
Slide 54: Regulations & ratings drive wider coverage of test cases
Regulations & ratings continue to drive more comprehensive safety measures through wider coverage of test cases 2026 2027 2028 2029 2030 2030+ Decided United Nations (UN) Anticipated Europe Americas China India Southeast Asia Occupant Protection ADAS / AD Commercial Vehicles Motorcycle Safety Electr
Slide 55: Rating landscape changes create virtual engineering and adaptive safety opportunities
The changes in the rating landscape are creating significant opportunities in virtual engineering and adaptive safety Virtual Engineering  Monitoring period starting 2026/2027 – requires Human Body Model usage  EU & China ratings agencies launching virtual testing protocols in 2029/2030 timeframe
Slide 56: OEMs exploring increased seatback recline angles
Driven by end-customer demand, OEMs are exploring increased seatback recline angles 1 2 Historic Standard: 25° Recline: 40° to 45° Zero Gravity: >55° 25° 40° to 45° >55° June 4, 2025 2025 Capital Markets Day Copyright Autoliv Inc., All Rights Reserved Public
Slide 57: Increased recline moves occupant further from interior surfaces
With increased seatback recline angles, the occupant moves further from the interior surfaces – New solutions for occupant protection are required Current standard: 25° angle Seatback recline angle > 40°  Traditional restraints solutions ineffective in seating positions with greater than 40° seatba
Slide 58: Greater recline angles may result in submarining
Without new solutions, greater seatback recline angles may result in "submarining" with the potential for severe injury 56° recline: Standard restraint package – Test Fail Neck fracture Spine fracture Submarining Head (< 70 g) 57 g High injury Neck (<2.7 kN) 3.14 kN Lumbar spine (<4.5 kN) 8.7 kN Sou
Slide 59: Safe 45 Seat with FORVIA
Our approach is to be the best at what we do and partner with others that are leaders in their respective fields – example Safe 45 Seat Safe 45 Seat Autoliv and FORVIA have joined forces to create the Safe 45 Seat  Maximizes occupant protection in the event of a crash, even when the seatback is rec
Slide 60: Omni Safety with Adient
Our approach is to be best at what we do and partner with others that are leaders in their respective fields – example Omni Safety Omni Safety Autoliv & Adient have joined forces to create Omni Safety  First proven solution for seatback recline angles greater than 55°  Belt-in-seat solution  Init
Slide 61: New solutions provide full safety protection
Autoliv’s new solutions provide full safety protection & meet the most advanced regulations & ratings specifications known today 56° recline: 56° recline: Standard restraint package – Test Fail Autoliv Omni Safety – Test Pass Neck fracture Neck OK Spine fracture Spine OK Submarining No submarining H
Slide 62: Customized solutions through modular development – normal performance
Our aim is to deliver customized solutions through modular development rather than individual development Normal performance Retractor 2026 – CIASI 56° 50 km/h Belt slipping control Standard Pelvis restraint Seat Airbag Seat structure adaptivity June 4, 2025 2025 Capital Markets Day Copyright Autoli
Slide 63: Customized solutions through modular development – medium performance
Our aim is to deliver customized solutions through modular development rather than individual development Medium performance Improved belt Retractor Standard NCAP slippage control 56° 56km/h Bi-lateral pelvis Bi-lateral pelvis Restraint Restraint control control Seat Seat structure Airbag adaptivity
Slide 64: Customized solutions through modular development – high performance
Our aim is to deliver customized solutions through modular development rather than individual development High Interior impact Optimal belt fit protection performance Standard NCAP 56° 56km/h Improved belt Retractor slippage control Bi-lateral pelvis Bi-lateral pelvis Restraint Restraint control con
Slide 65: Industry moved from physical to virtual testing
The automotive industry has moved from physical to virtual testing Now taking the next step to utilize Human Body Models – this is driving flexibility, scalability & efficiency Evolution from physical to virtual testing Standard Dummy Virtual Dummy Human Body Model June 4, 2025 2025 Capital Markets
Slide 66: Virtual testing driving Real-Life Safety opportunities
Increase in virtual testing is driving more Real-Life Safety opportunities and the need for new safety innovations Today Transition Real-Life Adaptive System 2025: Simplified approach 2026-2029: NCAP Road Map 2030 2029+: Restraints systems optimized for the greater with few evaluation points introdu
Slide 67: Real-life adaptive safety systems
Real-life adaptive safety systems leverage situational information to deliver a tailored solution for the occupant Real-life adaptive safety system Virtual human data Car and traffic data Smart activation Situational safety solutions June 4, 2025 2025 Capital Markets Day Copyright Autoliv Inc., All
Slide 68: Expanding research & technology into new applications
We are expanding our research & technology into new mobility & stationary applications June 4, 2025 2025 Capital Markets Day Copyright Autoliv Inc., All Rights Reserved Public
Slide 69: Motorcycle & bike safety solutions market
Motorcycle & bike safety solutions is a large potential market with low, but increasing, safety awareness Motorcycle & Bike Safety Solutions  62 m motorcycles sold / year Component On-rider On-vehicle (2024)  >1 bn motorcycles on the road  ~350 k MC-related fatalities / year June 4, 2025 2025 Cap
Slide 70: Electrification driving need for electrical safety solutions
Electrification of society is driving the need for innovative electrical safety solutions Electrical safety solutions for mobility applications: on- & off-road Electrical safety solutions for stationary applications: energy transmission & storage June 4, 2025 2025 Capital Markets Day Copyright Autol
Slide 71: Leveraging pyrotechnic capabilities to protect electric circuits
We are leveraging Autoliv’s validated pyrotechnic capabilities to protect electric circuits and by extension, mobility users as well as critical stationary equipment Mobility Electrical Safety Solution – Example  Solutions can break a circuit or bypass a cell in a stationary application  Robust &
Slide 72: Focus areas: R&D Speed & Efficiency
Focus areas: 1 Benchmarking & Best Practice Sharing 2 Engineering Efficiencies 3 Lead Time Reduction R&D Speed & Efficiency  Free up resources to drive innovation  Secure profitable growth June 4, 2025 2025 Capital Markets Day Copyright Autoliv Inc., All Rights Reserved Public
Slide 73: Lean engineering to reduce lead times by 50% by 2027
By employing lean engineering processes & using virtual techniques we aim to reduce lead times by 50% by 2027 and improve overall efficiencies Approach Effect Time Development  Lean Engineering Previous Processes Way-of-Working Quotation Customization  Virtual Engineering & Digitalization Developm
Slide 74: Revenues in adjacencies and growth in new functionalities
We are already generating revenues in adjacencies and see strong growth in new functionalities from 2027 onwards Illustrative & non-exhaustive 2025 2026 2027 2028 2029 2030 Electrical safety Adjacent Commercial Vehicle opportunities Motorcycle & Bike New interiors (reclined seat) HBM & Virtual Engin
Slide 75: Markets for growth opportunities to reach close to USD 2.4bn by 2030
The markets for the identified growth opportunities are expected to grow to close to USD 2.4bn by 2030 Markets for identified growth opportunities (million USD)  Electrical Safety 2,400  Commercial Vehicle 2,000  Motorcycle & Bike 1,600  New Interiors (Deep 1,300 Recline Seating) 1,000 800  Hum
Slide 76: Driving profitability Through E-2-E Operational Excellence / Quality
Autoliv Capital Markets Day 2025 Driving profitability Through E-2-E Operational Excellence/ Quality – Embracing Future Tools Staffan Olsson, Executive Vice President, Operations Jesse Crookston, Vice President Special Project China June 4, 2025 2025 Capital Markets Day Copyright Autoliv Inc., All R
Slide 77: Our Strategy for Change – Efficient Value Delivery
Our Strategy for Change – Efficient Value Delivery Driving Profitability Through End-to-End Operational Excellence Quality – Embracing Future Tools THE PROFITABLE & CAPITAL AUTOLIV EFFICIENT… WAY June 4, 2025 2025 Capital Markets Day Copyright Autoliv Inc., All Rights Reserved Public
Slide 78: Targeting 8% Direct Labor Productivity per Year
Driving profitability – Targeting 8% Direct Labor Productivity per Year Cost items in relation to sales 2024 Other Freight & Packaging EBIT ~3% 9% Energy 1% Raw materials ~29% Indirect Labor ~12% Purchased components ~55% Supplier value Direct added Labor ~26% 11% D&A 4% June 4, 2025 2025 Capital Ma
Slide 79: Productivity Momentum Lost During Pandemic & Supply Chain Disruptions
Productivity Momentum Lost During the Pandemic & Supply Chain Disruptions Full Time Equivalent (FTE) Index Development Index (Jan 2021 =100) 120 110 100 FTE Actual 90 Volumes 80 FTE target based on 8% productivity 70 60 June 4, 2025 2025 Capital Markets Day Copyright Autoliv Inc., All Rights Reserve
Slide 80: Back to Basics: Standardized Work
Back to Basics: We Took control over Variation Through Standardized Work Performance Standardized work is the cornerstone of a consistent, efficient, and high-quality process Time June 4, 2025 2025 Capital Markets Day Copyright Autoliv Inc., All Rights Reserved Public
Slide 81: Autoliv Production System (APS) – Back to Basics
Autoliv Production System (APS) – Back to Basics “Without standards, there can be no improvement” Journey to True North Continuous Improvement (wheel) June 4, 2025 2025 Capital Markets Day Copyright Autoliv Inc., All Rights Reserved Public
Slide 82: Direct Labor Efficiency Improvement
Result of Back to Basics – Direct Labor Efficiency Improvement Direct Labor Productivity Improvement* % Updated Target: >8% 8.1% With Strong Focus on Basics, we are making significant progress towards our direct Old Target: >5% headcount reduction intention announced in June 2023 4.1% 2.6% 1.4% 0.1%
Slide 83: Automation is Essential to Maintain 8% Productivity
To Maintain 8% Productivity per Year Automation is Essential FTE Reduction through Automation 3,500 Annual reduction Historical automation 3,000 Accumulated reduction since 2022 has increased productivity 2,500 by ~2pp. 2,000 To sustain 8% productivity, automation needs a step 1,500 change, aiming f
Slide 84: Automation is a Top Priority
Automation is a Top Priority – Increasing Level with New Line Launches The ratio of automation levels in new equipment has increased significantly Airbags Seatbelts Steering Wheels % of new lines installed % of new lines installed % of new lines installed June 4, 2025 2025 Capital Markets Day Copyri
Slide 85: Historical Challenges with Automation
Historical Challenges with Automation  Inefficient value stream  Product complexity  Flexibility and utilization rate  Inefficient scaling June 4, 2025 2025 Capital Markets Day Copyright Autoliv Inc., All Rights Reserved Public
Slide 86: Driving Design for Automation
Driving Design for Automation  Teamwork product & process development – leading production sites close to tech centers  Keeping our product design within the process window through Modularization: modularization Many options for customers  Clearly defined targets of product design optimizing tota
Slide 87: Modular Design Enables Flexible Automation
Modular Design Enables Flexible Automation Passenger Airbag Manual Line Passenger Airbag AutoFlex Line Production 270k units/year Production ~650k units/year HC 44 FTE / 1 M annual units HC 16 FTE / 1 M annual units Size 326 sqm / 1 M annual units Size 166 sqm / 1 M annual units June 4, 2025 2025 Ca
Slide 88: Accelerate scaling through partnership
Accelerate scaling through partnership Inflatable Curtain Main Line Y-Sock  Global partner with local presence  Product knowledge  State of the art competence  Economy of scale through global deployment June 4, 2025 2025 Capital Markets Day Copyright Autoliv Inc., All Rights Reserved Public
Slide 89: Inflatable curtain airbag evolution – Y-sock line
Inflatable Curtain Y-sock Inflatable curtain airbag evolution – Y-sock line POC Y-sock line Y-sock line improved 2.0 ALV Y-sock line 3.0 ALV Y-sock 4.0 design 4 cell 3 cell 3 cell 1 cell Cost 100% 86% 63% 47% Footprint 100% 71% 57% 47% FTE saving 7 7 7 8 SOP 2021 2022 2023 2024 POC = Proof of Concep
Slide 90: Impact of Inflation and Tariffs on Global Manufacturing
Impact of Inflation and Tariffs on Example of alternative supply Global Manufacturing  OEM are increasingly willing to source outside their traditional regions driving globalization of manufacturing and sourcing.  Our global industrial set-up is a competitive advantage Final assembly and will give
Slide 91: Digitalization built into Autoliv Production System
Digitalization is now fully built into Autoliv Production System This is supported by competence development, governance and technical prerequisites for scaling June 4, 2025 2025 Capital Markets Day Copyright Autoliv Inc., All Rights Reserved Public
Slide 92: Quality is Central to Everything We Do
Quality is Central to Everything We Do at Autoliv More Lives Saved Our Our products save lives Vision Our products never get a second chance when used in real life Saving More Lives Our customers demand Zero Defects Our They need to always trust the Mission robustness of our products Providing World
Slide 93: Our products never get a Second Chance
“Our products never get a Second Chance” – Our people feel ownership and are committed World Class Quality Leadership Quality Mindset:  Starts with our people  Continues into our processes  Finishes in our products June 4, 2025 2025 Capital Markets Day Copyright Autoliv Inc., All Rights Reserved
Slide 94: Q5 – Quality in all Dimensions
Q5 – Quality in all Dimensions – The Cornerstone of our Quality Commitment We are determined to increase the lead in Quality performance towards Zero defects June 4, 2025 2025 Capital Markets Day Copyright Autoliv Inc., All Rights Reserved Public
Slide 95: Superior Quality Results
Superior Quality Results Internal Quality Cost Progression Quality Cost in relation to Sales Index 2022 = 100 100 90 80 70 60 50 40 30 20 10 0 2022 2023 2024 YTD 2025 F2026 June 4, 2025 2025 Capital Markets Day Copyright Autoliv Inc., All Rights Reserved Public
Slide 96: Digitalization/Machine Learning/AI Bubbles of Innovation
Where are we Going: Digitalization/Machine Learning/AI Technical • Lean manufacturing processes and • Problems = Opportunities Bubbles of manufacturing • Separate Man and Machine (Jidoka) Innovation Accelerated Technological Advancements Embrace • Opensource & proprietary software new Tools • Superv
Slide 97: Scaling Up Deploying Across the Network of Autoliv Sites
Scaling Up Deploying Across the Network of Autoliv Sites Do it once Program for Scalable AI within Quality Inspections to address these new opportunities 1 Standardize Scale 4 it out 2 Layer of Virtualization 3 Integrate with the system June 4, 2025 2025 Capital Markets Day Copyright Autoliv Inc., A
Slide 98: Quality Assurance benefits from new AI inspection technologies
Quality Assurance benefits from new AI inspection technologies AI Watches and Observes Lock the part Feedback to the operator down  Folding correctly First Line Leader  Content engages to teach  Accuracy and mentor  Timeliness AI Watches and Observes Lock the part  Dimple existing down  Dimens
Slide 99: Culture of Learning Driven Leadership
How are we going to get there? Culture of Learning Driven Leadership  New tools  Business driven  New applications decisions  Trying and fail fast  Build, Buy, Borrow  Empowering our  Attack detection people to change of problems themselves  Attack Occurrence of problems  Continue leveragin
Slide 101: Driving profitability Through End-to-End Operational Excellence
Driving profitability Through End-to-End Operational Excellence  Autoliv has re-gained momentum on productivity targeting > 8% per year  Automation and digitalization will be even more important in the future  Modularization an enabler for efficient process efficiency, standardization and scaling
Slide 102: Financials and Shareholder Value Creation
Autoliv Capital Markets Day 2025 Financials and Shareholder Value Creation Fredrik Westin Executive Vice President, Finance & Chief Financial Officer June 4, 2025 2025 Capital Markets Day Copyright Autoliv Inc., All Rights Reserved Public
Slide 103: Since Investor Day 2023, Autoliv has boosted profitability & outperformed peers
Since Investor Day 2023, Autoliv has significantly boosted profitability & outperformed its peers June 4, 2025 2025 Capital Markets Day Copyright Autoliv Inc., All Rights Reserved Public
Slide 104: Our Journey from our last Investor Day in 2023
Our Journey from our last Investor Day in 2023 Outperforming peers since Investor Day 2023 Share price performance since June 2023 140 120  Accelerated Structural Cost Reductions  Increased productivity  Increased level of Automation & 100 Digitalization  Executed on the Capital Efficiency Progr
Slide 105: Our Strategy for Change
Our Strategy for Change Strategic Partnerships A Very Quality Diversified Leadership Customer Portfolio Enables us to Adapt to a Continuously Evolving Leading Engineering & THE Market AUTOLIV Leader in all Automotive Industry Manufacturing Footprint WAY regions Cost Drivetrain Leadership Agnostic Te
Slide 106: Strong Financial Position
Strong Financial Position Organic sales1 growth above LVP growth Adjusted operating margin1 Return on Capital Employed2 pp % % 10 30% 12% 9 25% 8 10% 7 20% 8% 6 5 15% 6% 4 4% 10% 3 2 2% 5% 1 0 0% 0% 2020 2021 2022 2023 2024 2020 2021 2022 2023 2024 2020 2021 2022 2023 2024 5-year average Target 5-ye
Slide 107: Strong Financial Position
Strong Financial Position Operating cash flow1 Cash conversion2 Earnings per Share $ million % $ 1200 300% 9.00 8.00 1000 250% 7.00 800 200% 6.00 5.00 600 150% 4.00 400 100% 3.00 2.00 200 50% 1.00 0 0% 0.00 2020 2021 2022 2023 2024 2020 2021 2022 2023 2024 2020 2021 2022 2023 2024 5-year average 5-y
Slide 108: Reiterating our Financial Targets
Reiterating our Financial Targets Average Annual Adjusted Cash Conversion Leverage Ratio Organic Growth Operating Margin1 over time2 over time3 4-6% ~12% ≥80% ≤1.5x Drivers Drivers  Profit Growth  Continued Prudent  CPV  Operational leverage  Capital Efficiency leverage policy ‐ Rating & Regula
Slide 110: U.S. Tariffs – Well Positioned with Our Footprint
U.S. Tariffs – We are well Positioned with Our Footprint and Broad Customer Portfolio N. America % of global Sales Customs & Duties ~30%  In 2024, Autoliv globally paid approximately $100 million in customs & duties. This is included in commercial terms  Currently, we estimate that the additional
Slide 111: Reiterating 2025 Business Outlook & Guidance
Reiterating 2025 Business Outlook & Guidance – Margin Expansion Expected Business Outlook Compared to 2024  Lower Global LVP Full Year 2025 Guidance1  Headwinds from supplier cost inflation Organic sales increase2 Around 2%  Additional cost savings from structural and strategic initiatives Adjust
Slide 113: Organic Growth beyond 2025
Organic Growth* beyond 2025 Growth Drivers Organic Growth* 4-6% per year on average, in a 10+ year period Growth Drivers  LVP − S&P Global forecasts** ~1.3% CAGR 2024-2030  CPV MSS 1-2% − Continued updates of government regulations − Continued updates of crash test ratings − Changes to drive train
Slide 115: Proactively Offsetting Market Headwinds
Proactively Offsetting Market Headwinds 2024 Global LVP S&P Forecast 2023 vs. Actual1 Structural Cost Reductions Million units Savings US$ (Millions) 140 55 S&P Forecast April 2023 120 50 -4.6M Actual 100 45 80 40 60 35 +6.7 M 40 Market Headwinds 30 20 Our Responses 25 0 20 High CPV Low CPV Direct L
Slide 116: Purchasing Spend
Share of Autoliv Sales ´24 Supply Chain Efficiency Supplier value added ~55% Direct Material and Indirect Purchasing Savings Supplier Cost Reduction - Levers  Supplier Cost Reduction Commitment Index 100  Business Bundling  Best Cost Country Sourcing  Redesign for lower cost (VEVA) Purchasing Sp
Slide 117: Towards our targeted Adj. Operating Margin of ~12%
Towards our targeted Adj. Operating Margin1 of ~12% Journey to our adj. op margin target ~12% ~ 60bps 10 bps 9.7% ~ 80bps ~90 bps 40 bps -10 bps 8.8% 50 bps Target 2024 2023 2023 adj. Indirect Normalization of Automation & Growth, net 2024 Adj. Indirect Normalization of Automation & Growth, net Targ
Slide 119: Trade Working Capital in Relation to Sales
Trade Working Capital in Relation to Sales 35% 30% 25% Receivables -$130M 20% Payables +$675M Over $500 million 15% Improvement Trade WC +$510M 10% Inventories +$34M 5% 0% Inventories Payables Receivables Trade working capital June 4, 2025 2025 Capital Markets Day Copyright Autoliv Inc., All Rights
Slide 120: Capex and Depreciation in Relation to Sales
Capex and Depreciation in Relation to Sales 8% 7% 6% 5% Capital expenditure 1) 4% Depreciation CAPEX Target <5% 3% 2% 1% 0% 2020 2021 2022 2023 2024 1) Excluding income from sale of property in Japan in Q1 2022 June 4, 2025 2025 Capital Markets Day Copyright Autoliv Inc., All Rights Reserved Public
Slide 122: Committed to a Strong Investment Grade Credit Rating
Committed to a Strong Investment Grade Credit Rating Net Debt 1 / EBITDA2 Net Debt* and EBITDA2 per the Policy Times US$ Millions 2.0 2,000 Target: ≤1.5x 1.5 1.3x 1,500 1.0 Net Debt EBITDA LTM 1,000 0.5 0.0 500 Q1´23 Q2´23 Q3´23 Q4´23 Q1´24 Q2´24 Q3´24 Q4´24 Q1´25 Q1´23 Q3´23 Q1´24 Q3´24 Q1´25  Com
Slide 123: Positive Cashflow Trend Supports Increasing Shareholder Returns
Positive Cashflow Trend Supports Increasing Shareholder Returns 1400 14% 1200 12% 1000 10% 800 8% Operating CF 1 CAPEX, net 1 Free Operating CF 600 6% 1 Adj. Operating margin 400 4% 200 2% 0 0% 2018 2019 2020 2021 2022 2023 2024 Target1 (1) Non-US GAAP measure June 4, 2025 2025 Capital Markets Day C
Slide 124: Shareholder Returns
Shareholder Returns Direct shareholder returns $ millions  The Autoliv shareholder return strategy includes: I. ambition of average annual share repurchases between $300 and 500 million through the end of 2029, and Stock Repurchases II. providing an attractive and growing dividend Dividends2  Incr
Slide 125: Investment Case: Emphasizing Share Buybacks and Dividends
Autoliv Investment Case: Emphasizing Share Buybacks and Dividends LTM Shareholder returns as % of LTM Operating Cashflow* 80% 90 70% 85 Shares Outstanding (Millions) 60% 80 Giving our shareholders more 50% 75 ownership in our future through Payout (%) 40% 70 a high level of Stock Repurchases & Divid
Slide 126: Sustainable High Level of Shareholder Returns
Sustainable High Level of Shareholder Returns Creating Shareholder Value Shareholder Returns $2.5 billion new stock Strong Balance Progression Free Operating repurchase program Sheet towards targets Cash Flow1 through the end of 2029 Despite debt from spin-  Capital Efficiency  Operating cash flow
Slide 127: Autoliv Capital Markets Day 2025 – Conclusions
Autoliv Capital Markets Day 2025 Mikael Bratt President & CEO June 4, 2025 2025 Capital Markets Day Copyright Autoliv Inc., All Rights Reserved Public
Slide 128: Reiterating our Financial Targets and 2025 Guidance
Reiterating our Financial Targets Average Annual Adjusted Cash Conversion Leverage Ratio Organic Growth Operating Margin1 over time2 over time3 4-6% ~12% ≥80% ≤1.5x Reconfirming Full Year 2025 Guidance Organic Growth Adj. Operating Margin1 Operating Cash flow4 +2% ~10-10.5% ~$1.2 Bn (1) Non-US GAAP
Slide 129: Towards our targeted Adj. Operating Margin of ~12%
Towards our targeted Adj. Operating Margin* of ~12% Journey to our adj. op margin target ~12% 0.1% 9.7% 0.4% -0.1% 8.8% 0.5% 2023 adj. Indirect Normalization Automation & Growth, net 2024 Adj. Indirect Normalization Automation & Growth, net Target adj. Operating headcount of call-offs Digitalization
Slide 130: Conclusion
Conclusion  Our strategic direction and roadmaps are supporting our customer commitments and financial targets  We have a strong performance culture − Clear Key Behaviors to guide us − Clear Mandate and Expectations End-to-End − Continuous Improvement Mindset − Partnerships across the Value Chain,

Autoliv — Investor Day (June 2025) on 6ix

Autoliv — Investor Day (June 2025)

Slide 1: Autoliv Capital Markets Day 2025

Slide 2: Today's Agenda

Slide 3: Safe Harbor Statement

Slide 4: Leading the Way: Charting Our Path Forward

Slide 5: Welcome to Capital Markets Day 2025

Slide 6: Autoliv's Products Save 37,000 Lives per Year

Slide 7: Leading the Way

Slide 8: Our Strategy for Change

Slide 9: Significant Progress Since 2023 Investor Day

Slide 10: What have we achieved since last Investor Day?

Slide 11: Headwinds since prior Capital Market Days

Slide 12: Substantial Progress since Last CMD

Slide 13: Substantial Shareholder Returns

Slide 14: Market Transformation & Light Vehicle Market Outlook

Slide 15: LVP Volumes Growth back to Long-term Trend

Slide 16: Shifting Market Landscape – LVP Growth by Region

Slide 17: Automotive Market Fueled by Economic Growth, Replacement, Electrification

Slide 18: Adapting to an Evolving Automotive Industry

Slide 19: Our Strategy for Change

Slide 20: Customer mix – One of the Most Diversified in the Industry

Slide 21: Leading global footprint with #1 position in all regions

Slide 22: Optimizing our Global Footprint & Capacity

Slide 23: Focus on C-OEMs and growing segments

Slide 24: Regulations driving Real-Life Safety opportunities

Slide 25: Driving Profitability & Growth Through Quality and Productivity

Slide 26: Shareholder Value Creation

Slide 27: Towards our targeted Adj. Operating Margin of ~12%

Slide 28: Reiterating our Financial Targets

Slide 29: Sustainable High Level of Shareholder Returns

Slide 30: Driving & Creating Growth in a Dynamic Market

Slide 31: Well diversified customer mix

Slide 32: Market leadership in all regions and across product segments

Slide 33: Global Light Vehicle Production expected to grow ~1.3% per year

Slide 34: Shift in OEM mix

Slide 35: EV volatility – balance amongst propulsion systems

Slide 36: Rise in premium and mid-segment vehicles raises content per vehicle

Slide 37: Safety Content per Vehicle is increasing across all regions

Slide 38: Ratings and Regulation changes increase content per vehicle

Slide 39: Customers' improved user experiences drive safety content

Slide 40: China Market – Acceleration of C-OEMs Market Share

Slide 41: C-OEMs Oversea Manufacturing Footprint Plans

Slide 42: Shifting Market Landscape – C-OEMs Gaining Shares

Slide 43: Autoliv China – Leading Automotive Safety Supplier in China

Slide 44: Autoliv China – Serving 69 Customers

Slide 45: Significant Progress in Customer Relationships

Slide 46: Sustainable Growth – Breakthroughs with C-OEMs

Slide 47: Retaining Our Market Leading Position

Slide 48: Record Number of New Launches in 2025

Slide 49: Focus on C-OEMs Ensures Strong Sales

Slide 50: Driving & creating growth in a dynamic market

Slide 51: Driving Growth Through Innovation in a Dynamic Market

Slide 52: Holistic, real-life perspective on traffic safety

Slide 53: New vehicle technologies driving demand for novel interior solutions

Slide 54: Regulations & ratings drive wider coverage of test cases

Slide 55: Rating landscape changes create virtual engineering and adaptive safety opportunities

Slide 56: OEMs exploring increased seatback recline angles

Slide 57: Increased recline moves occupant further from interior surfaces

Slide 58: Greater recline angles may result in submarining

Slide 59: Safe 45 Seat with FORVIA

Slide 60: Omni Safety with Adient

Slide 61: New solutions provide full safety protection

Slide 62: Customized solutions through modular development – normal performance

Slide 63: Customized solutions through modular development – medium performance

Slide 64: Customized solutions through modular development – high performance

Slide 65: Industry moved from physical to virtual testing

Slide 66: Virtual testing driving Real-Life Safety opportunities

Slide 67: Real-life adaptive safety systems

Slide 68: Expanding research & technology into new applications

Slide 69: Motorcycle & bike safety solutions market

Slide 70: Electrification driving need for electrical safety solutions

Slide 71: Leveraging pyrotechnic capabilities to protect electric circuits

Slide 72: Focus areas: R&D Speed & Efficiency

Slide 73: Lean engineering to reduce lead times by 50% by 2027

Slide 74: Revenues in adjacencies and growth in new functionalities

Slide 75: Markets for growth opportunities to reach close to USD 2.4bn by 2030

Slide 76: Driving profitability Through E-2-E Operational Excellence / Quality

Slide 77: Our Strategy for Change – Efficient Value Delivery

Slide 78: Targeting 8% Direct Labor Productivity per Year

Slide 79: Productivity Momentum Lost During Pandemic & Supply Chain Disruptions