FY 2018 Fourth Quarter Earnings Call
Other matters
> Amended the company's main credit agreement, part of a focused effort to de-risk Adient's
capital structure
-
The maximum total bank-adjusted net leverage covenant ratio increased to 4.5x from
3.5x
Amending the credit agreement provides additional flexibility as the company executes
its turnaround plan
The company will continue to focus on de-risking the capital structure
ADIENT
-
The valuation allowances will not impact cash taxes.
> The FY2018 adjusted effective tax rate reflected the lower y-o-y earnings, geographic
composition of earnings and reduced U.S. tax rate.
252.865
100 8X
207
ant
Looking forward, the valuation allowances will result in an increased effective tax rate in
FY2019
23
5
24
57
3.71
38
71.77
62
321,3
1,95
6275
FY 2018 Fourth Quarter Earnings Call / Nov 9, 2018
Adient - Improving the experience of a world in motion
5,01
929 206
8.67
136 05
60,52
31.15
53 52
1 607 4
7
16View entire presentation