FY 2017 Second Quarter Earnings Call

Non-GAAP reconciliations Free Cash Flow (in $ millions) Three Months Ended Six Months Ended March 31 March 31 2017 2016 2017 2016 Adjusted EBITDA to Free Cash Flow Three Months Ended March 31 2017 Six Months Ended March 31 (in $ millions) 2017 Operating cash flow $ 156 $ 204 $ 143 $ 294 Less: Capital expenditures (95) (78) (302) (186) Adjusted EBITDA $ 423 $ 800 Cash from former parent 87 315 Less: Interest Expense (33) (68) Adjusted Free cash flow $ 148 $ 126 $ 156 $ 108 Less: Taxes (47) (66) Less: Restructuring (cash) (39) (90) Change in trade working capital (85) (236) Less: Net Equity in Earnings (66) (145) Other 3 (52) Operating cash flow 156 $ 143 Less: capital expenditures (95) (302) Cash from former parent 87 315 Adjusted Free cash flow 148 $ 156 ADIENT 20

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