J.P. Morgan 2016 Auto Conference

Key Changes Going Forward Today > Part of a global multi-industry company > Improving business performance > Capital allocated to support multi- industry transformation Future > Focus on automotive seating - Leaner cost structure / metals integration & recovery > Expect 200 bps of margin improvement with double-digit EPS growth over the mid-term > Strong cash flow provides flexibility and ability to de-lever > Targeted capital allocation strategy > Smart reinvestment - Growth capex, capital return and opportunistic M&A Focus on Increasing Value for Shareholders and Customers 7

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