Improving the experience of a world in motion
Significant opportunity to deleverage
Downsize SS&M
ADNT 2018 free cash flow (FCF) a
-$0
ADIEN
ADIENT
Close margin gap to peer
232
199
2018 SS&M CapEx
2018 Adjusted EBITDA
SS&M performance:
$(168)M
ADNT 2018 Adj. EBITDA b
ADNT 2018 Adj. EBITDA margin
$1.2B
~4.7%
100 AP
$(255)M
29
257
Approximate SS&M FCF
Gap to peer ~400bps or $700M
23
$(423)M
B
5
57
17
3.71
38
62
71.7
321,3
6 275
,95
929 206
Downsizing business while improving operating
performance provides significant opportunity to
improve FCF
5,01
136 05
Executing a comprehensive turnaround plan to
drive margin and cash flow improvement
8,67
53 57
50,52
1 607 4
1.15
7
27
Adient - Improving the experience of a world in motion
a - Excludes $142M benefit associated with an accounts receivable financing facility initiated in Q3FY18
b- For non-GAAP and adjusted results, see appendix
Business priority and opportunity to significantly deleverage the balance sheetView entire presentation