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
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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
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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.
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