Investor Presentaiton

10 10 ...Expected Strong Financials for 2025 and Beyond Strong Margins Appropriate Leverage $3.7bn 14-15% Revenue Adj. EBITDA Margin (2) Global Scale with Growth >90% Cash Flow Conversion (3) ~1x Net Leverage Highly Cash Generative (1) (Does not include $95-100mm of Contract Manufacturing Revenue to BorgWarner - Phased out by end of 2024 (2) Non-GAAP metric. See Appendix p. 68 for Adj. EBITDA and Adj. EBITDA Margin definition. (3) Non-GAAP metric defined as (Cash Flow from Operations - Capex) / Adj. Net Earnings. See Appendix p. 69 and 70 for Adj. Net Earnings and FCF definitions PHINIA

View entire presentation