Improving the experience of a world in motion
Important information
ADIENT
Adient has made statements in this document that are forward-looking and, therefore, are subject to risks and uncertainties. All statements in this document other than
statements of historical fact are statements that are, or could be, deemed "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of
1995. In this document, statements regarding Adient's future financial position, sales, costs, earnings, cash flows, other measures of results of operations, capital
expenditures or debt levels and plans, objectives, outlook, targets, guidance or goals are forward-looking statements. Words such as "may," "will," "expect," "intend,"
"estimate," "anticipate," "believe," "should," "forecast," "project" or "plan" or terms of similar meaning are also generally intended to identify forward-looking statements.
Adient cautions that these statements are subject to numerous important risks, uncertainties, assumptions and other factors, some of which are beyond Adient's control,
that could cause Adient's actual results to differ materially from those expressed or implied by such forward-looking statements, including, among others, risks related to:
the impact of tax reform legislation through the Tax Cuts and Jobs Act, uncertainties in U.S. administrative policy regarding trade agreements, tariffs and other international
trade relations, the ability of Adient to execute its SS&M turnaround plan, the ability of Adient to identify, recruit and retain key leadership, the ability of Adient to meet debt
service requirements, the ability and terms of financing, general economic and business conditions, the strength of the U.S. or other economies, automotive vehicle
production levels, mix and schedules, energy and commodity prices, the availability of raw materials and component products, currency exchange rates, the ability of
Adient to effectively integrate the Futuris business, and cancellation of or changes to commercial arrangements. A detailed discussion of risks related to Adient's business
is included in the section entitled "Risk Factors" in Adient's Annual Report on Form 10-K for the fiscal year ended September 30, 2018 filed with the SEC on November 29,
2018 and quarterly reports on Form 10-Q filed with the SEC, available at www.sec.gov. Potential investors and others should consider these factors in evaluating the
forward-looking statements and should not place undue reliance on such statements. The forward-looking statements included in this document are made only as of the
date of this document, unless otherwise specified, and, except as required by law, Adient assumes no obligation, and disclaims any obligation, to update such statements to
reflect events or circumstances occurring after the date of this document.
In addition, this document includes certain projections provided by Adient with respect to the anticipated future performance of Adient's businesses. Such projections
reflect various assumptions of Adient's management concerning the future performance of Adient's businesses, which may or may not prove to be correct. The actual
results may vary from the anticipated results and such variations may be material. Adient does not undertake any obligation to update the projections to reflect events or
circumstances or changes in expectations after the date of this document or to reflect the occurrence of subsequent events. No representations or warranties are made as
to the accuracy or reasonableness of such assumptions or the projections based thereon.
This document also contains non-GAAP financial information because Adient's management believes it may assist investors in evaluating Adient's on-going operations.
Adient believes these non-GAAP disclosures provide important supplemental information to management and investors regarding financial and business trends relating to
Adient's financial condition and results of operations. Investors should not consider these non-GAAP measures as alternatives to the related GAAP measures. A
reconciliation of non-GAAP measures to their closest GAAP equivalent are included in the appendix. Reconciliations of non-GAAP measures related to FY2019 guidance
have not been provided due to the unreasonable efforts it would take to provide such reconciliations.
Effective October 1, 2018, Adient adopted ASU No. 2014-09, "Revenue from Contracts with Customers" (Topic 606) and ASU No. 2017-07, "Improving the Presentation of Net
Periodic Pension Cost and Net Periodic Benefit Cost" ("ASU No. 2017-7"). The financial information presented in this document is presented on the basis of these
adoptions.
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