J.P. Morgan 2016 Auto Conference
Overview
> As announced on July 24, 2015, Johnson Controls will
spin off its automotive seating and interiors businesses
into a standalone public company, named Adient plc
> Adient to be incorporated in Ireland
> Expected first day of trading as a public company of
October 31, 2016
'
> Transaction is taxable to JCI shareholders
> Pro-rata distribution of 100% of outstanding Adient
ordinary shares to holders of JCI shares
> No vote of JCI shareholders is required for the
distribution
ADIENT
Global Automotive Seating and Interiors Leader
Consolidated Net
Sales
LTM March 31, 20161
$18.1B1
Segment Income²
$1.2B
Return on Sales
6.4%
PF Adjusted EBITDA2
$1.5B
1. On July 2, 2015, Adient completed its global automotive interiors joint venture with Yangfeng Automotive Trim Systems and deconsolidated the contributed interiors business since that date. The automotive interiors business generated Net
Sales of $1,147mm in the three months ended June 30, 2015.
2. Refer to appendix for management's rationale for using these metrics and reconciliation to US GAAP.
5View entire presentation