Thermal Comfort Solutions Overview

E-Systems Margin Expansion Plan - Key Business Drivers · • CONNECTION SYSTEMS Leveraging Intercell Connect Boards to grow presence in the product space Continued growth in Battery Plugboards Expanding engineered component capabilities acquired through M&N in low-cost footprint (North Africa) Leveraging vertical integration capabilities to improve cost competitiveness and financial returns Margins ranging from mid-teens to 20%+ Connection Systems Revenue (including internal sales) ($ in millions) 2022 2025 3-Year Actual Plan CAGR $ 464 $ 750 ≈17% ELECTRONICS Shifting resources to products with strong growth and financial returns Targeting strong Battery Disconnect Unit market position (>20% share of our addressable market) - Focusing on powertrain agnostic body and zonal electronics Winding down product lines with lower risk-adjusted returns Launching profitable backlog Electronics Revenue ($ in millions) 2022 Actual Core $ 572 2025 Plan $ 975 3-Year CAGR ≈20% Wind Down 661 600 Total $1,233 $ 1,575 ≈9% Revenues up ≈$285 million • E-Systems Margin Impact ≈100 bps LEAR Lear Proprietary: The information contained herein is the property of Lear Corporation. • Core Product Revenues up ≈$400 million E-Systems Margin Impact ≈125 bps Note: As reported on February 2, 2023 (fourth quarter 2022 earnings release) 22

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