Goodyear Forward: Driving Shareholder Value
Portfolio Optimization: Sharpening our Focus
Margin Expansion: Creating Fuel for Growth
Addressing Leverage: Strengthening our Profile
ADDRESSING LEVERAGE: STRENGTHENING OUR PROFILE
THE COMBINATION OF DEBT REDUCTION AND EBITDA GROWTH WILL BRING OUR NET LEVERAGE IN-LINE WITH
U.S. AUTO SUPPLIERS
-4.0x
Goodyear Net Leverage
2.0x - 2.5x net leverage by 2025,
in-line with leverage profile of
publicly listed U.S. auto suppliers
Debt
Reduction
2.0x-2.5x
EBITDA
Growth
-$1.5B reduction in debt by 2025;
targeting investment grade balance
sheet
2023E
2025E
1 -$1.5B debt reduction is net of -$1.1B for restructuring (inclusive of -$400M of previously announced programs). -$200M for taxes and transaction costs on sale proceeds and -$100M for fees/other
costs impacting Corporate Other.
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