J.P. Morgan 2016 Auto Conference

Adient Cash Flow Profile > Strong initial free cash flow 1 - Low tax rate (Irish domicile ~10-12%) - Minimal working capital needs. - Smart reinvestment / capital expenditures (maintenance & growth) > Growing opportunity - Margin / earnings growth. - Increasing equity income and cash dividends. - - Lower cash restructuring over time > Strong cash flow profile will enable rapid de-leveraging post-spin – Will allow Adient to transition towards investment grade credit metrics 1. Refer to appendix for management's rationale for using these metrics 27

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