J.P. Morgan 2016 Auto Conference
Adient's Key Investment Thesis
Market Position
> Broadest and most complete range of seating products
> Unparalleled customer diversity-market leadership in North America, Europe and China (unique and
longstanding position in China through JV structure); support all major automakers (190+ active
platforms)
Earnings Growth
> Lean and improving cost structure (targeting restructuring actions in process)
> Upward trend in profitability expected to continue; ~200 bps margin improvement expected over the
mid-term
Cash Generation
> Consistent ability to generate substantial cash flow
> Cash generation will enable Adient to transition from a levered company to an investment grade.
company while enhancing shareholder value through a competitive dividend
> Continued cash generation will support Adient's profitable growth strategy (organic & inorganic)
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