ADIENT REPORTS THIRD QUARTER 2022 FINANCIAL RESULTS

Adient (NYSE: ADNT), a global leader in automotive seating, today announced its third quarter 2022 financial results.

• Q3 GAAP net loss and EPS diluted of $(30)M and $(0.32), respectively; Q3 Adj.-EPS diluted of $0.08
• Q3 Adj.-EBITDA of $143M, up $25M y-o-y (up $18M when adjusting for portfolio actions executed in FY21)
• Strong cash and cash equivalents of $892M at June 30, 2022; total liquidity of ~$1.7B at June 30, 2022
• Gross debt and net debt totaled ~$2.7B and ~$1.8B, respectively, at June 30, 2022

For complete details and to see reconciliations of non-GAAP measures to their most directly comparable GAAP measures, visit the events section of the Adient investor website at www.investors.adient.com/events-and-presentations/events to download the full press release and earnings presentation. SOURCE Adient