Investor Presentaiton
58
FCF Conversion (5)
High Quality Industrial Financial Profile
Outstanding Margin and Cash Flow Conversion
Financial Framework for 2025
Expected
>90%
78%
73%
15.2%
14-15%
Adj. EBITDA Margin (6)
11.6%
PHINIA
Other Peers (1)
Core Peers (1)(2)
LV Powertrain / Driveline(3)
65%
10.8%
Other Tier 1 (4)
(1) Reflects peer group medians based on 2023E consensus estimates.
(2) Reflects Allison, Cummins, Donaldson, Modine and Oshkosh.
(3) Reflects American Axle, Dana, Dowlais, Garrett Motion, Schaeffler, TI Fluid Systems and Vitesco.
(4) Reflects Aptiv, Autoliv, Continental, Denso, Lear, Magna, Valeo and Visteon.
(5) Non-GAAP metric defined as (Cash Flow from Operations - Capex) /
Adj. Net Earnings. See Appendix p. 69 and 70 for Net Earnings and
FCF definitions.
(6) Non-GAAP metric. See Appendix p. 68 for Adj. EBITDA and Adj. EBITDA
Margin definitions.
PHINIAView entire presentation