Thermal Comfort Solutions Overview slide image

Thermal Comfort Solutions Overview

Lear Strategically Positioned to Drive Value for Shareholders Global Leader in Seating Growing 25% global market share with 45% share in luxury Most vertically integrated seat manufacturer in the world Approximately $2.0 billion in net conquest wins since 2019 Specialized thermal comfort solutions and award-winning ConfigurE+TM technology Targeting 4 percentage points of Growth over Market • • Growing E-Systems Business Diverse product portfolio aligned with electrification, safety and autonomy trends Improving margins through growth in connection systems and power electronics Innovative products such as Battery Disconnect Unit and Intercell Connect Board Increasing vertical integration through key acquisitions and partnerships Targeting 6 percentage points of Growth over Market Operational Excellence Improving cash flow through our Lear Forward Plan Industry 4.0 investments driving plant efficiencies Track record of positive net operating performance Improving manufacturing flexibility and efficiency LEAR Lear Proprietary: The information contained herein is the property of Lear Corporation. Capital Allocation Strong balance sheet with no outstanding debt maturities until 2027 Targeting 80% cash conversion on Adjusted Net Income Returning excess cash to shareholders through quarterly dividends and share repurchases 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. 26
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