FY 2023 Second Quarter Earnings Call
Q2 FY2023 Revenue: Consolidated and Unconsolidated Sales
Consolidated sales
$519
/////////////
Regional Performance
(consolidated sales y-o-y growth (vs. Q2FY22) by region) 1, 2, 3
$3,506
$(113)
ADIENT
///////
Q2
Q2 S&P Production
$3,912
Americas
EMEA
| 10.4% I
I
9.8%
22.4%
23.6%
Asia
15.4%
0.8%
|
Note: China
6.1% |
-7.8%
I
I
Note: Asia excl. China
22.4% 1
11.4% I
Q2FY22
Volume /
Pricing
FX
Q2FY23
1 - FX adjusted
Unconsolidated sales
1
$860M
$818M
Year-over-year
decrease of ~5%
Q2FY22
Q2FY23
FY2023 Second Quarter Earnings Call
consolidated
unconsolidated
> Americas and EMEA performed generally in line with the broader market as customer
production schedules and production volumes continued to make modest improvements
through the quarter
> In China, Adient's customer mix outperformed the broader market and new programs that
launched this year are running at rate
> Asia outside China benefited from key programs running at rate and conquest business in Japan
2 Growth rates at constant foreign exchange
3- Excludes Russian market production
> Unconsolidated sales were negatively impacted by the softer production environment
following the Lunar New Year in China
> Partially offsetting the negative influences were improved volumes at our unconsolidated joint
ventures in the Americas and EMEA
Adient - PUBLIC
May 3, 2023
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