FY 2018 Fourth Quarter Earnings Call
Q4 FY18 Adjusted-EBITDA
> Despite the benefit of increased
revenue, y-o-y Adjusted-EBITDA
declined to $251M in fiscal Q4
> Business performance (impacted by
elevated freight costs, operational
waste, and negative material margin
performance) was the primary factor
behind the y-o-y decline
> Macro factors, including increased
commodity costs and the negative
impact of foreign exchange, also
weighed on the quarter
> Performance within unconsolidated
$ in millions
$390
9.8%
Lower SG&A expense
primarily launch related
$(48)M Freight / operational waste
$(39)M Operating performance
$(21)M Net material margin performance
$(34)M FX net commodities
$17
Operational inefficiencies
Pricing/volume/mix
ADIENT
$(102)
$251
$(38)
$(16)
6.1%
Q4FY17
Corporate
Seating
SS&M
Interiors
Q4FY18
Seating and SS&M remains strong;
equity income up $2M y-o-y
Memo:
FY17
Q3
$424
Q2
$421
Q1
$370
FY18
$319
$363
$267
Note: Corporate includes central costs that are not allocated back to the operations including executive offices,
communications, finance, corporate development, legal and marketing
12
FY 2018 Fourth Quarter Earnings Call / Nov 9, 2018
Adient - Improving the experience of a world in motion
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