FY 2017 First Quarter Earnings Call
Highlights
> Completed separation from Johnson Controls International;
began trading on NYSE under the symbol "ADNT"
> Strong acceptance of ADNT's investment thesis:
-
Leading and strengthening market position
ADNT
LISTED
DO
00
-
-
Earnings growth (~200 bps margin improvement expected in
mid-term)
Proven record of generating substantial cash flow
5,000
21,500
54,144
Balance Sheet
ADIENT
ADIENT
NYSE
> Strong Q1 results delivered earnings growth and margin expansion
Adjusted EBIT increased 14% to $290M (margin of 7.2%, up ~120 bps) 1
Adjusted EPS increased 13% to $2.12 1
Cash and cash equivalents of $709M at 12/31/16; gross debt and net debt of
$3,461M and $2,752M, respectively, at 12/31/16 1
Q1 2017 Earnings / February 2017
4
Adient - Improving the experience of a world in motion
1 - On an adjusted basis, which includes certain pro forma adjustments for FY16; see appendix for detail and reconciliation to U.S.
GAAPView entire presentation