#1LEAR Investor Overview March 2023 Making every drive better™#2Lear At A Glance A Global Automotive Supplier - Sales of $20.9 Billion in 2022 SEATING $15.7 billion 2022 sales E-SYSTEMS $5.2 billion 2022 sales FORTUNE JUST capital Ranked #3 in Automobiles and Parts Industry AMERICA'S MOST 2023 RESPONSIBLE Newsweek statista GENERAL MOTORS 2022 SUPPLIER AWARDS WORLD'S MOST ADMIRED COMPANIES 2023 SUPPLIER of the YEAR Committed to our Values COMPANIES STELLANTIS Wednesday, June 15 9 Categories 12 Winners 10 Executive Speakers Quality First Recognized for our achievements and commitment to industrial development and production Be Inclusive, Be Inventive, Get Results the Right Way. ~168,700 EMPLOYEES GLOBALLY Industry leading talent and technical expertise 253 FACILITIES IN 37 COUNTRIES Global engineering and manufacturing footprint 450 VEHICLE NAMEPLATES Designing, engineering and manufacturing world-class products for every major automaker in the world 100+ YEAR HERITAGE As an automotive supplier LEAR Lear Proprietary: The information contained herein is the property of Lear Corporation. 2#3Global Footprint North America 75,400 employees 78 facilities 5* Europe Seating Regional Headquarters Munich, Germany Europe & Africa 59,000 employees 101 facilities 20 countries countries Global Headquarters Southfield, Michigan South America 8,500 employees South America Regional Headquarters São Paulo, Brazil Asia Regional Headquarters Shanghai, China Asia Pacific 25,800 employees 58 facilities 16 facilities 2 countries Europe E-Systems Regional Headquarters Valls, Spain More than 67% of Manufacturing Facilities and More than 86% of Employees Located in Low-Cost Countries LEAR Lear Proprietary: The information contained herein is the property of Lear Corporation. Note: As of December 31, 2022 10 countries *Includes Central America 3#4ESG Highlights SOCIAL RESPONSIBILITY ENVIRONMENTAL Renewable Energy Strategy established and Energy Efficiency Playbook released +++3 Automotive + + + + News PACE ++++ Award-winning innovations Together We Grow program launched to help future diverse leaders grow through proactive career management and leadership development $5.1B spent with certified minority-owned, women-owned and veteran-owned suppliers in the United States over the past decade GOVERNANCE + 2.4M hours of employee training and development in 2021 41 M hours worked in one year without a lost time incident at 10 Mexican sites WE SUPPORT GLOBAL COMPACT UN Global Compact signatory participant 60,000+ vaccinations administered to employees and community members at our sites in Mexico No Deforestation Policy reinforces responsible sourcing and conserves natural resources New Information Security Management System and software safeguards implemented 1,600 production supplier sites across the globe completed sustainability assessments 50% of Lear's Board of Directors were women and/or minorities in 2021 LEAR Lear Proprietary: The information contained herein is the property of Lear Corporation. Source: Lear 2021 Sustainability Report 4#5Key Financials Full Year 2022 Well-Diversified By Region and Customer ($ in millions, except per share amounts) 2021 2022 2023 Outlook (Mid-Point) FY 2022 Percentage of Sales Net Sales $19,263 $20,892 $21,700 By Region By Customer 20% Core Operating Earnings $826 $871 $975 20% 34% Operating Margin % 4.3% 4.2% 4.5% 4% 43% Adjusted Earnings Per Share* * $7.94 $8.72 Operating Cash Flow $670 $1,021 $1,150 *Adjusted EPS 2023 Outlook not provided 33% 14% 10% 11% 11% ■North America ■South America ■Europe & Africa Asia ■General Motors Ford ■Mercedes-Benz Volkswagen Stellantis Other LEAR Lear Proprietary: The information contained herein is the property of Lear Corporation. Note: 2023 Outlook as reported on February 2, 2023 (fourth quarter 2022 earnings release) Please see appendix for discussion of non-GAAP financial measures, as well as reconciliations of non-GAAP financial measures to the most directly comparable financial measures calculated and presented in accordance with GAAP. 5#6Growth Over Market Fourth Quarter 2022 • 1% NORTH AMERICA Seating: Backlog partially offset by unfavorable platform mix E-Systems: Backlog and favorable platform mix 17% EUROPE 7% Q4 2022 5% FY 2022 Global GoM Seating: Backlog and favorable platform mix E-Systems: Backlog and favorable platform mix (1)% CHINA Seating: Backlog partially offset by unfavorable platform mix E-Systems: Unfavorable platform mix partially offset by backlog 7% Q4 2022 5% FY 2022 Seating GoM LEAR Lear Proprietary: The information contained herein is the property of Lear Corporation. 8% Q4 2022 4% FY 2022 E-Systems GoM Year-over-year sales growth over market (GOM) excludes the impact of FX, commodities and acquisitions. The year- over-year change in production on a Lear sales-weighted basis is calculated using Lear's prior year regional sales mix. S&P Global Mobility production has been adjusted to match Lear's fiscal calendar. 6#7Sales Backlog (Net New Awarded Business) 2023-2025 CONSOLIDATED ≈$2.85B SALES BACKLOG ($ in millions) CONSOLIDATED SALES BACKLOG BY REGION ($ in millions) North America ≈$1,550 $2,850 $1,050 ≈55% Electrification ≈$1,500 ≈$1,000 $575 $1,800 $350 E-SYSTEMS SEATING South America ≈$100 DRIVERS OF BACKLOG CHANGES • Multiple conquest awards in Seating Europe $750 Asia ≈$450 • Significant electrification awards in E-Systems $925 ≈$350 $650 $125 $225 Customer program changes (primarily timing) 2023-2025 2023 2024 2025 LEAR Lear Proprietary: The information contained herein is the property of Lear Corporation. Note: Sales backlog as reported on February 2, 2023 (fourth quarter 2022 earnings release) Sales backlog assumes an average Euro of $1.05 and an average Chinese RMB of 7.00/$. Sales backlog by region not to scale. 7#8Operating Cash Flow and Capital Allocation CAPITAL ALLOCATION STRATEGY Strong Balance Sheet • No outstanding debt maturities until 2027 . • Low cost of debt averaging less than 4% with a weighted average life of 14.4 years Total available liquidity of $3.1 billion Unfunded pension and OPEB liabilities improved from $260 million to $119 million Improving Cash Generation • Growing core product lines . Executing the Lear Forward Plan Targeting 80% free cash flow conversion Returning Excess Cash to Shareholders DEBT MATURITIES ($ in millions) $2,000 Available Revolver Bonds $625 $550 $375 $350 $350 $350 3.9% 4.3% 3.5% 2.6% 5.1% 3.6% Annualized dividend of $3.08 per share • ≈763,000 shares (~$100 million) repurchased in 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2049 2052 Available stock repurchase authorization of $1.2 billion through December 31, 2024 Amounts and weighted average interest rates as of December 31, 2022 Excludes a committed $150 million delayed-draw term loan facility expected to be used for the acquisition of IGB and general corporate purposes LEAR Lear Proprietary: The information contained herein is the property of Lear Corporation. Please see appendix for discussion of non-GAAP financial measures, as well as reconciliations of non-GAAP financial measures to the most directly comparable financial measures calculated and presented in accordance with GAAP. 8#92023 Outlook - Global Vehicle Production and Currency INDUSTRY PRODUCTION (units in millions) GLOBAL NORTH AMERICA EUROPE AND AFRICA CHINA FY 2022 80.5 FY 2022 14.3 FY 2022 16.1 FY 2022 25.0 FY 2023 81.3 FY 2023 vs Prior Year UP 1% Lear Weighted Outlook UP 2% KEY CURRENCIES 15.0 FY 2023 16.1 FY 2023 25.0 vs Prior Year vs Prior Year FLAT FLAT vs Prior Year UP 5% EURO 2022 $1.05 / € CHINESE RMB 6.73 / $ 2023 $1.05 / € 7.00 / $ FLAT DOWN 4% LEAR Lear Proprietary: The information contained herein is the property of Lear Corporation. Source: S&P Global Mobility (formerly IHS Markit) as of January 17, 2023, and Company estimates for outlook 9#102023 Full Year Outlook Net Sales $21,200 - $22,200 million Interest Expense $105 million Effective Tax Rate 21% to 22% Operating Cash Flow $1,075 - $1,225 million Core Operating Earnings - $875 $1,075 million Adjusted EBITDA $1,475 - $1,675 million Adjusted Net Income $510 - $670 million Restructuring Costs $100 million Capital Expenditures ≈$700 million Free Cash Flow $375 - $525 million Note: 2023 Full Year Outlook assumes an average Euro of $1.05 and an average Chinese RMB of 7.00 / $ Certain of the forward-looking financial measures are provided on a non-GAAP basis. A reconciliation of forward-looking financial measures to the most directly comparable financial measures calculated and presented in accordance with GAAP is potentially misleading and not practical given the difficulty of projecting event driven transactional and other non-core operating items in any future period. The magnitude of these items, however, may be significant. LEAR Lear Proprietary: The information contained herein is the property of Lear Corporation. Please see appendix for discussion of non-GAAP financial measures, as well as reconciliations of non-GAAP financial measures to the most directly comparable financial measures calculated and presented in accordance with GAAP. 10#11LEAR Seating#12Seating at a Glance Leader in world-class automotive seating systems with 25% global market share and largest provider of luxury solutions LEAR Most vertically integrated supplier of complete automotive seat systems including Just- In-Time ("JIT") assembly and components, providing advanced craftsmanship, elegance in design, use of innovative materials and industry-leading technology Award-winning technologies enabling efficient innovative solutions for thermal comfort, wellness and connected in-vehicle seating applications Low-cost global manufacturing presence focused on operational excellence and process innovation with a culture of continuous improvement ESG initiatives driven through development and utilization of integrated sustainable solutions, including light-weighting, bio-based materials, and recycled and/or renewable content Lear Proprietary: The information contained herein is the property of Lear Corporation. 12#13Seating Core Product Portfolio Comprehensive product portfolio driving better in-vehicle experiences + COMPLETE SEAT SYSTEMS Trusted world class JIT seating partner; experienced integrator of innovative materials and industry-leading technology providing customers with best-in-class thermal comfort, features and functions + SURFACE MATERIALS Premium craftsmanship and elegance in design; vertically integrated, maximizing performance and quality Providing the most advanced, environmentally friendly materials with cutting-edge designs and surface enhancements through our Guilford Performance Textiles and Eagle Ottawa Leather businesses LEAR Lear Proprietary: The information contained herein is the property of Lear Corporation. + THERMAL COMFORT Strategic vertical integration of lumbar, massage and thermal luxury comfort products complementing our suite of intuitive, intelligent seating system technologies enhancing our personalized comfort and wellness features Customized and innovative comfort solutions internally developed with proprietary modelling technology to enrich the consumer in-vehicle experience + STRUCTURES Seat structures (including recliners, tracks and latches) recognized for quality and performance that meet or exceed customers' needs globally Recent innovations including our Automotive News PACE Award winning ConfigurE+™ reconfigurable track and cassette solution 13#14Thermal Comfort Solutions (TCS) Provide our customers with a unique value proposition; a complete thermal comfort portfolio, together with Lear's technology, enables highly efficient thermal comfort performance modules Strong foundation of technology and capabilities through strategic vertical integration - Kongsberg acquisition completed in February 2022: pneumatic lumbar and massage, seat heating and ventilation IGB purchase agreement executed in May 2022 (closing subject to regulatory review): seat heating, ventilation and cooling, and sensors TCS enables performance, efficiency and comfort Up to 50% reduction in part complexity and 40% improvement in time to sensation and airflow Designing for manufacturability reduces seat assembly labor cost Lear's modular solution can improve energy efficiency, resulting in improved battery range for electric vehicles • Developed alternative materials to drive sustainability ReNewKnit™ sustainable suede alternative material, a first-to-market automotive textile that is fully recyclable at end of life FlexAirTM, Lear's 100% recyclable non- foam alternative reduces CO2 emissions by 50%, mass by 20% and improves breathability, enhancing comfort performance Soy Foam™, a substitute for certain petroleum-based products Customers adopting TCS in all segments from luxury to high volume and into second and third rows. TCS components generate above segment margins TCS business expected to grow 2 percentage points above market Heat, Ventilation & Cooling Modular Thermal Comfort Solution LEAR Lear Proprietary: The information contained herein is the property of Lear Corporation. Note: Thermal Comfort revenue includes internal & external sales Lumbar/Massage 14#150 Stellantis Ram 1500 Revolution BEV Concept LEAR Lear Proprietary: The information contained herein is the property of Lear Corporation. PACE Automotive News PACE 25 AWARD EAR DELUSIVE LEAD SPONSOR YAPMA 2019 WINNER ConfigurE+TM Automotive News PACE pilot 2022 INNOVATION TO WATCH Lear's award-winning reconfigurable interior technology The leading market innovation for electrified and configurable seating systems Proprietary long-rail technology supports a wide variety of seat configurations including: standard seating, cargo, business and entertainment modes Designed for everyday multi-use, autonomy and rideshare applications $100 million in projected annual revenue Currently in production on the Volkswagen Bulli Second program launching in 2023 with Ford 15#16Industry Leading Global Seating Supplier SALES BY REGION North America $15.7B 2022 Seating Sales Europe TOP 5 CUSTOMERS ADJUSTED OPERATING MARGIN & Africa gm Mercedes-Benz Asia Pacific South America STELLANTIS Poised for industry volume recovery (≈15-20% historical variable margins) 6.2% 6.4% 7.5% 8.5%+ Ford 2022 2023 Guidance Target VALUE DRIVERS Growing thermal comfort products such as heat, ventilation, massage and lumbar, which could drive margins of 8.5%+ Developing innovative products such as ConfigurE+T Continued focus and investment in operational excellence · Strong 2023 to 2025 backlog; 2024 record backlog • • Targeting 4 points of Growth over Market · Goal to increase market share from 25% to 28%+ LEAR Lear Proprietary: The information contained herein is the property of Lear Corporation. Please see appendix for discussion of non-GAAP financial measures, as well as reconciliations of non-GAAP financial measures to the most directly comparable financial measures calculated and presented in accordance with GAAP. 16#17Seating Key 2023 Product Launches Global OEM CONQUEST BMW 5 Series / i5 CONQUEST JIT, Thermal Comfort NORTH AMERICA Chevrolet Colorado/ GMC Canyon CONQUEST = Electric Vehicle = Luxury Chevrolet Silverado EV Mercedes-Benz E-Class JIT, Trim, Thermal Comfort JIT, Trim, Structures JIT, Trim, Structures EUROPE NORTH AMERICA NORTH AMERICA Chevrolet Equinox EV Mercedes-Benz CLE Porsche Panamera CASSE JIT, Fabric ASIA Polestar 3 NIO ES8 JIT, Foam JIT, Trim, Structures JIT, Trim, Structures NORTH AMERICA EUROPE EUROPE JIT, Thermal Comfort ASIA JIT ASIA LEAR Lear Proprietary: The information contained herein is the property of Lear Corporation. Note: Launches as reported on February 2, 2023 (fourth quarter 2022 earnings release) 17#18LEAR E-Systems#19E-Systems at a Glance Leader in signal distribution and power management across all vehicle architectures Fully integrated supplier through design, development, engineering and manufacturing of complete electrical distribution and connection systems, battery disconnect units and other electronic products Innovative leader connecting networks and electrical signals and managing electrical power within the vehicle through our electrical distribution and connection systems portfolio of products such as low and high voltage wire, intercell connect boards and high-speed data cables Technology leader facilitating signal, data and power management within the vehicle through our portfolio of products such as battery disconnect units, body domain and zone control modules, and low and high voltage power distribution systems Connection Systems Positioned to win as industry trends of electrification and shared mobility and the evolution of vehicle architectures support future content growth LEAR Lear Proprietary: The information contained herein is the property of Lear Corporation. Zone Control Module (Electronics) 19#20E-Systems Product Portfolio Delivering expertise across complete electrical architectures + ELECTRICAL DISTRIBUTION SYSTEMS Proven partner with full-service capabilities across power and signal distribution for both low and high voltage vehicle solutions. Wire harness assemblies, together with connection systems, link all of the various electrical and electronic devices within the vehicle to each other and/or to a power source + CONNECTION SYSTEMS Robust product portfolio aligned to industry trends, delivering high- performance terminals and connectors, high voltage battery connection systems, and engineered components that join wire harnesses together at their respective end points or connect electronic devices to wire harnesses LEAR Lear Proprietary: The information contained herein is the property of Lear Corporation. + BATTERY DISCONNECT UNITS AND ELECTRONIC PRODUCTS Experienced leader in power and thermal management and electrical architecture integration, as well as sophisticated body and core electronic products delivering innovation across battery disconnect units, body domain and zone control modules and low and high voltage power distribution units + ELECTRIFICATION Innovative, customizable and scalable power management and battery power distribution solutions, delivering world- class performance and packaging 20#21Empty#22E-Systems Margin Expansion Plan - Key Business Drivers · • CONNECTION SYSTEMS Leveraging Intercell Connect Boards to grow presence in the product space Continued growth in Battery Plugboards Expanding engineered component capabilities acquired through M&N in low-cost footprint (North Africa) Leveraging vertical integration capabilities to improve cost competitiveness and financial returns Margins ranging from mid-teens to 20%+ Connection Systems Revenue (including internal sales) ($ in millions) 2022 2025 3-Year Actual Plan CAGR $ 464 $ 750 ≈17% ELECTRONICS Shifting resources to products with strong growth and financial returns Targeting strong Battery Disconnect Unit market position (>20% share of our addressable market) - Focusing on powertrain agnostic body and zonal electronics Winding down product lines with lower risk-adjusted returns Launching profitable backlog Electronics Revenue ($ in millions) 2022 Actual Core $ 572 2025 Plan $ 975 3-Year CAGR ≈20% Wind Down 661 600 Total $1,233 $ 1,575 ≈9% Revenues up ≈$285 million • E-Systems Margin Impact ≈100 bps LEAR Lear Proprietary: The information contained herein is the property of Lear Corporation. • Core Product Revenues up ≈$400 million E-Systems Margin Impact ≈125 bps Note: As reported on February 2, 2023 (fourth quarter 2022 earnings release) 22#23E-Systems - LEAR Electrification Key Products High Voltage Connectors Intercell Connect Board Battery Disconnect Unit Lear Proprietary: The information contained herein is the property of Lear Corporation. Battery Plugboard 110 டு 23#24E-Systems Key 2023 Product Launches = Electric Vehicle Chevrolet Colorado/ GMC Canyon GM BET Platform GM Ultium Platform MINI Countryman Volvo EX90 MC Low Voltage Wiring NORTH AMERICA Battery Disconnect Unit NORTH AMERICA Intercell Connect Board NORTH AMERICA Body Control Module EUROPE Global EV OEM Volvo XC40 / XC40 Recharge 0 Onboard Charger and Battery Management System EUROPE Chevrolet Blazer EV Mercedes-Benz AMG GT Polestar 3 S.MB 2306 High and Low Voltage Wiring NORTH AMERICA / EUROPE Battery Disconnect Unit ASIA/EUROPE Low Voltage Wiring Low Voltage Wiring High Voltage Wiring NORTH AMERICA EUROPE ASIA LEAR Lear Proprietary: The information contained herein is the property of Lear Corporation. Note: Launches as reported on February 2, 2023 (fourth quarter 2022 earnings release) 24#25LEAR Summary#26Lear Strategically Positioned to Drive Value for Shareholders Global Leader in Seating Growing 25% global market share with 45% share in luxury Most vertically integrated seat manufacturer in the world Approximately $2.0 billion in net conquest wins since 2019 Specialized thermal comfort solutions and award-winning ConfigurE+TM technology Targeting 4 percentage points of Growth over Market • • Growing E-Systems Business Diverse product portfolio aligned with electrification, safety and autonomy trends Improving margins through growth in connection systems and power electronics Innovative products such as Battery Disconnect Unit and Intercell Connect Board Increasing vertical integration through key acquisitions and partnerships Targeting 6 percentage points of Growth over Market Operational Excellence Improving cash flow through our Lear Forward Plan Industry 4.0 investments driving plant efficiencies Track record of positive net operating performance Improving manufacturing flexibility and efficiency LEAR Lear Proprietary: The information contained herein is the property of Lear Corporation. Capital Allocation Strong balance sheet with no outstanding debt maturities until 2027 Targeting 80% cash conversion on Adjusted Net Income Returning excess cash to shareholders through quarterly dividends and share repurchases Please see appendix for discussion of non-GAAP financial measures, as well as reconciliations of non-GAAP financial measures to the most directly comparable financial measures calculated and presented in accordance with GAAP. 26#27LEAR Appendix#28Safe Harbor Statement Forward-Looking Statements This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding anticipated financial results and liquidity. The words "will," "may," "designed to," "outlook," "believes," "should," "anticipates," "plans," "expects," "intends," "estimates," "forecasts" and similar expressions identify certain of these forward-looking statements. The Company also may provide forward-looking statements in oral statements or other written materials released to the public. All statements contained or incorporated in this presentation or in any other public statements that address operating performance, events or developments that the Company expects or anticipates may occur in the future are forward-looking statements. Factors that could cause actual results to differ materially from these forward-looking statements are discussed in the Company's Annual Report on Form 10-K for the year ended December 31, 2022, and its other Securities and Exchange Commission filings. Future operating results will be based on various factors, including actual industry production volumes, the impact of the ongoing COVID-19 pandemic on the Company's business and the global economy, supply chain disruptions, commodity prices, changes in foreign exchange rates, the impact of restructuring actions and the Company's success in implementing its operating strategy. Information in this presentation relies on assumptions in the Company's sales backlog. The Company's sales backlog reflects anticipated net sales from formally awarded new programs less lost and discontinued programs. The Company enters into contracts with its customers to provide production parts generally at the beginning of a vehicle's life cycle. Typically, these contracts do not provide for a specified quantity of production, and many of these contracts may be terminated by the Company's customers at any time. Therefore, these contracts do not represent firm orders. Further, the calculation of the sales backlog does not reflect customer price reductions on existing or newly awarded programs. The sales backlog may be impacted by various assumptions embedded in the calculation, including vehicle production levels on new programs, foreign exchange rates and the timing of major program launches. The forward-looking statements in this presentation are made as of the date hereof, and the Company does not assume any obligation to update, amend or clarify them to reflect events, new information or circumstances occurring after the date hereof. LEAR Lear Proprietary: The information contained herein is the property of Lear Corporation. 28#29Non-GAAP In addition to the results reported in accordance with GAAP included throughout this presentation, the Company has provided information regarding "pretax income before equity income, interest, other expense, restructuring costs and other special items" (core operating earnings or adjusted segment earnings), "pretax income before equity income, interest, other expense, depreciation expense, amortization of intangible assets, restructuring costs and other special items" (adjusted EBITDA), "adjusted net income attributable to Lear" (adjusted net income), adjusted diluted net income per share attributable to Lear (adjusted earnings per share), "tax expense excluding the impact of restructuring costs and other special items" and "free cash flow" (each, a non-GAAP financial measure). Other expense includes, among other things, non-income related taxes, foreign exchange gains and losses, gains and losses related to certain derivative instruments and hedging activities, losses on the extinguishment of debt, gains and losses on the disposal of fixed assets and the non- service cost components of net periodic benefit cost. Adjusted net income and adjusted earnings per share represent net income attributable to Lear and diluted net income per share attributable to Lear, respectively, adjusted for restructuring costs and other special items, including the tax effect thereon. Free cash flow represents net cash provided by operating activities less capital expenditures. Management believes the non-GAAP financial measures used in this presentation are useful to both management and investors in their analysis of the Company's financial position and results of operations. In particular, management believes that core operating earnings, adjusted EBITDA, adjusted net income, adjusted earnings per share and tax expense excluding the impact of restructuring costs and other special items are useful measures in assessing the Company's financial performance by excluding certain items that are not indicative of the Company's core operating performance or that may obscure trends useful in evaluating the Company's continuing operating activities. Management also believes that these measures provide improved comparability between fiscal periods. Management believes that free cash flow is useful to both management and investors in their analysis of the Company's ability to service and repay its debt. Further, management uses these non-GAAP financial measures for planning and forecasting future periods. Core operating earnings, adjusted EBITDA, adjusted net income, adjusted earnings per share, tax expense excluding the impact of restructuring costs and other special items and free cash flow should not be considered in isolation or as a substitute for net income attributable to Lear, diluted net income per share attributable to Lear, cash provided by operating activities or other income statement or cash flow statement data prepared in accordance with GAAP or as a measure of profitability or liquidity. In addition, the calculation of free cash flow does not reflect cash used to service debt and, therefore, does not reflect funds available for investment or other discretionary uses. Also, these non-GAAP financial measures, as determined and presented by the Company, may not be comparable to related or similarly titled measures reported by other companies. Set forth on the following slides are reconciliations of these non-GAAP financial measures to the most directly comparable financial measures calculated and presented in accordance with GAAP. LEAR Lear Proprietary: The information contained herein is the property of Lear Corporation. 29#30Non-GAAP Core Operating Earnings and Adjusted Margins ($ in millions) Net sales Net income attributable to Lear Interest expense Other expense, net Income taxes Equity in net income of affiliates Net income attributable to noncontrolling interests Restructuring costs and other special items Costs related to restructuring actions Acquisition costs Acquisition-related inventory fair value adjustment Impairments related to Russian operations Intangible asset impairment Cost (insurance recoveries) related to typhoon in the Philippines, net Other Core operating earnings Adjusted margins LEAR Lear Proprietary: The information contained herein is the property of Lear Corporation. 2021 2022 $ 19,263.1 $ 20,891.5 $ 373.9 $ 327.7 91.8 98.6 0.1 46.4 137.7 133.7 (15.8) (33.1) 87.7 81.0 119.3 158.9 10.0 1.1 19.4 8.5 8.9 13.2 9.6 17.9 $ 826.0 $ 870.5 4.3% 4.2% 30#31Non-GAAP Adjusted Eamings Per Share ($ in millions, except per share amounts) Net income attributable to Lear Costs related to restructuring actions Acquisition costs Acquisition-related inventory fair value adjustment Gain on acquisition-related foreign exchange contract Impairments related to Russian operations 2021 2022 $ 373.9 $ 327.7 112.6 158.9 10.0 1.1 (1.7) 19.4 Intangible asset impairment 8.5 8.9 Costs (insurance recoveries) related to typhoon in the Philippines, net 13.2 (1.4) Foreign exchange losses due to foreign exchange rate volatility related to Russia 9.6 Favorable tax ruling in a foreign jurisdiction (45.1) Loss on extinguishment of debt Loss related to affiliate Other Tax impact of special items and other net tax adjustments 24.6 2.0 1 4.2 (14.1) 23.6 (33.6) Adjusted net income attributable to Lear $ 479.8 $ 522.5 Weighted average number of diluted shares outstanding Diluted net income per share attributable to Lear Adjusted eamings per share 60.4 59.9 $ 6.19 $ 5.47 $ 7.94 $ 8.72 1 Reflects the tax effect of restructuring costs and other special items, as well as several discrete tax items. The identification of these tax items is judgmental in nature, and their calculation is based on various assumptions and estimates. LEAR Lear Proprietary: The information contained herein is the property of Lear Corporation. 31#32Non-GAAP Adjusted Segment Earnings and Margins ($ in millions) Net sales Segment earnings Restructuring costs and other special items - Seating 2022 E-Systems $ 15,711.2 $ 5,180.3 893.0 $ 74.4 Costs related to restructuring actions 65.7 87.1 Acquisition costs 0.1 Acquisition-related inventory fair value adjustment 1.1 Impairments related to Russian operations 19.4 Intangible asset impairment 8.9 Costs (insurance recoveries) related to typhoon in the Philippines, net 0.1 Other 1.6 (0.8) 13.9 Adjusted segment earnings $ 981.0 $ 183.5 Segment margins Adjusted segment margins 5.7% 1.4% 6.2% 3.5% LEAR Lear Proprietary: The information contained herein is the property of Lear Corporation. 32