Investor Presentaiton
2024 Outlook and Other Items
24
Full-year Net Sales Outlook ($M)
9.6%
2023 net sales
$14,198
Adj. Operating Margin
FX
Organic net sales
change
Market & Earnings Outlook
2023 Actual
2024 Outlook
Organic growth*
12.5%*
**
1% to 5%
$0
eProduct sales*
***
$2.0B
$2.5B to $2.8B
$162
$662
Adj. diluted EPS*
$3.75
$3.65 to $4.00
2024 net sales excl.
9.6% -9.9%
Free cash flow*
$14,360 $14,860
Eldor impact
Adj. Operating Margin
Eldor impact
$565M
$475M to $575M
$40
*Adj. operating margin, adj. diluted EPS, free cash flow (FCF) and organic growth on this slide are non-US GAAP
measures. See reconciliation to US GAAP in Appendix.
9.2% - 9.6%
2024 net sales
$14,400 $14,900
Adj. Operating Margin
**Adjusted for net sales from continuing operations basis.
***eProducts include all products utilized on EVs, plus those products and components that are included in hybrid
powertrains whose underlying technologies are adaptable or applicable to those used in or for EVs.
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