Adient China Growth and Presence slide image

Adient China Growth and Presence

Executing Adient's FY23 plan /////////// // / // ///// ADIENT //// Remaining focused on delivering the company's commitments > Strong operational execution, positive commercial momentum and an extreme focus on containing costs continue to drive the business forward Adient delivered solid Q2FY23 financial results, building on the momentum established earlier in the year > The momentum is expected to continue in H2FY23; however, expectations are tempered due to soft vehicle demand in China and elevated steel prices in North America > FY23 plan on track In addition to Q2FY23's financial results, several other initiatives continue to be executed to ensure long-term sustained success for the company > > > > Opportunistically issued $1B of new USD senior notes - proceeds from the issuance plus cash on hand used to paydown ~$750M of EUR notes due 2024 and pre-pay $350M of Adient's TLB The company began to execute its previously announced enhanced capital allocation plan by repurchasing ~759,600 shares of its common stock using ~$30M of cash on hand (includes ~48,000 shares and ~$1.9M that settled subsequent to quarter end) Awarded business with new entrants and legacy OEMs, solidifying our market-leading position Selected "supplier of the year" by several customers -- further underscoring the company's unrelenting focus on delivering quality solutions. Recognition in the quarter included: GM Supplier of the Year, Renault Korea Motors Supplier of the Year, FAW-Toyota Excellent Quality Award, Volvo Car APAC Excellent Supplier Award, GAC-Trumpchi Excellent Supplier Award and seven J.D. Power awards for seat satisfaction for Adient's APAC region team J.P. Morgan China Investor Meeting Adient PUBLIC Key Q2FY23 Financial Metrics Consolidated ~$3.9B Revenue (up 12% y-o-y) Adj. EBITDA Cash Balance $215M (up $56m y-o-y) $826M (at March 31, 2023) Gross Debt ~$2.5B and ~$1.7B, and Net Debt respectively 8
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