FY 2018 Fourth Quarter Earnings Call
Segment Performance
(in $ millions)
Segment Performance
Q1 2017
Q1 2018
Corporate /
Seating
SS&M
Interiors
Recon Items
Consolidated
Seating
SS&M
Interiors
Corporate /
Recon Items
Consolidated
Net sales
$
3,692
$
671
$
$
(337) $
4,026
$
3,796
$
718
$
$
(310)
$
4,204
Adjusted EBITDA
364
7
30
(31)
370
355
(82)
25
(31)
267
Adjusted EBITDA margin
9.9%
1.0%
N/A
N/A
9.2%
9.4%
-11.4%
N/A
N/A
6.4%
Adjusted Equity Income.
60
9
30
99
72
12
25
109
Depreciation
49
34
83
52
41
3
96
Capex
111
71
25
207
72
71
143
Q2 2017
Q2 2018
Corporate /
Seating
SS&M
Interiors
Recon Items
Consolidated
Seating
SS&M
Interiors
Corporate /
Recon Items
Consolidated
Net sales
$
3,825
$
756
$
$
(380)
$
4,201
$
4,132
$
797
$
$
(333)
$
4,596
Adjusted EBITDA
398
40
22
(39)
421
411
(34)
12
(26)
363
Adjusted EBITDA margin
10.4%
5.3%
N/A
N/A
10.0%
9.9%
-4.3%
N/A
N/A
7.9%
Adjusted Equity Income
62
10
22
94
72
9
12
93
Depreciation
42
34
5
81
53
45
3
101
Capex
40
53
2
95
58
65
123
Q3 2017
Q3 2018
Corporate /
Seating
SS&M
Interiors
Recon Items
Consolidated
Seating
SS&M
Interiors
Corporate /
Recon Items
Consolidated
Net sales
$
3,620
$
713
$
$
Adjusted EBITDA
413
31
19
(326) $
(39)
4,007
$
4,027
$
783
$
$
424
344
(18)
19
(316) $
(26)
4,494
319
Adjusted EBITDA margin
11.4%
4.3%
N/A
N/A
10.6%
8.5%
-2.3%
N/A
N/A
7.1%
Adjusted Equity Income.
70
9
19
98
67
8
19
94
Depreciation
45
37
2
84
53
46
4
103
Capex
59
56
115
75
63
138
Net sales
Adjusted EBITDA
Adjusted EBITDA margin
Adjusted Equity Income
Depreciation
Capex
ADIENT
Q4 2017
Q4 2018
Seating
SS&M
Interiors
Corporate /
Recon Items
Consolidated
Seating
SS&M
Interiors
Corporate/
Recon Items
Consolidated
$
3,605
$
670
$
$
(296)
ST
3,979
$
3,749
$
705
$
$
(309)
$
4,145
403
4
22
(39)
390
301
(34)
6
(22)
251
11.2%
0.6%
N/A
N/A
9.8%
8.0%
-4.8%
N/A
N/A
6.1%
72
9
22
103
68
15
6
89
47
40
2
89
52
47
1
100
81
79
20
160
76
56
132
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