Investor Presentation
SEATING
Segment Financial Performance
Sales
($Billions)
+123%
Adjusted EBIT
($Millions)
•
•
•
•
•
•
$0.5
$1.2
Q2'20
Q2'21
Higher global light vehicle production (+)
Launch of new programs (+)
Acquisition of Hongli in China: $92M (+)
Foreign currency translation: $41M (+)
Unfavourable production mix (-)
Net customer price concessions (-)
-$84
Q2'20
$26
Q2'21
•
•
.
Earnings on higher sales (+)
Productivity and efficiency improvements at an
underperforming facility (+)
Favourable commercial settlements (+)
Favourable value-added tax settlement in Brazil (+)
Higher employee profit sharing and incentive comp (-)
·
Higher launch costs (-)
.
.
Net customer price concessions (-)
Investor Presentation - September 2021
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