FY 2018 Fourth Quarter Earnings Call
Q4 FY18 Adjusted-EBITDA: SS&M
> Q4 FY18 SS&M Adjusted-EBITDA of
$(34)M, down $38M y-o-y
Benefits from a reduction in growth
investments and increased equity
income were more than offset by
negative business performance:
Increased freight and operational waste
(i.e. scrap and cost of poor quality)
Negative operating performance (cost of
inefficient operations)
> Macro factors, including increased
commodity costs $ (9) M and the
negative impact of foreign exchange
$(5)M also weighed on the quarter
> Unfavorable SG&A primarily driven.
by changes related to insurance and
workers comp accruals
Memo:
$ in millions
$4
0.6%
FY17
Q3
$31
སྐྱ་ོ
Q2
$40
Q1
$7
14
FY 2018 Fourth Quarter Earnings Call / Nov 9, 2018
Adient - Improving the experience of a world in motion
$12
ADIENT
$7
Business performance:
$(13)M Operating performance
$(12)M Freight operational waste.
$(5)M Pricing
$4M Material
} primarily launch related
} $(1)M Net material margin
$(26)
(4.8)%
$(14)
$(11)
$(6)
$(34)
Q4FY17
Growth
Equity Income
Business
Performance
FX/
Commodities
SG&A
Volume /
Mix
Q4 FY18
FY18
$(18)
$(34)
$(82)View entire presentation