Thermal Comfort Solutions Overview

Operating Cash Flow and Capital Allocation CAPITAL ALLOCATION STRATEGY Strong Balance Sheet • No outstanding debt maturities until 2027 . • Low cost of debt averaging less than 4% with a weighted average life of 14.4 years Total available liquidity of $3.1 billion Unfunded pension and OPEB liabilities improved from $260 million to $119 million Improving Cash Generation • Growing core product lines . Executing the Lear Forward Plan Targeting 80% free cash flow conversion Returning Excess Cash to Shareholders DEBT MATURITIES ($ in millions) $2,000 Available Revolver Bonds $625 $550 $375 $350 $350 $350 3.9% 4.3% 3.5% 2.6% 5.1% 3.6% Annualized dividend of $3.08 per share • ≈763,000 shares (~$100 million) repurchased in 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2049 2052 Available stock repurchase authorization of $1.2 billion through December 31, 2024 Amounts and weighted average interest rates as of December 31, 2022 Excludes a committed $150 million delayed-draw term loan facility expected to be used for the acquisition of IGB and general corporate purposes LEAR Lear Proprietary: The information contained herein is the property of Lear Corporation. Please see appendix for discussion of non-GAAP financial measures, as well as reconciliations of non-GAAP financial measures to the most directly comparable financial measures calculated and presented in accordance with GAAP. 8

View entire presentation