Adient Plc (ADNT) 10-Q Quarterly Report January 2018

RECENT HIGHLIGHTS ADIENT • FISCAL FIRST QUARTER 2018 EARNINGS • 1 Adient’s Q1 results impacted by headwinds in Seat Structures & Mechanisms (SS&M) business > Q1 GAAP net income and EPS diluted of $(216)M and $(2.32), respectively; Q1 adjusted-EPS diluted of $1.06 > Q1 Adjusted-EBIT of $163M (margin of 3.9%) > Cash and cash equivalents of $390M at Dec. 31, 2017 > Gross debt and net debt totaled $3,501M and $3,111M, respectively, at Dec. 31, 2017 > FY2018 outlook revised to reflect SS&M headwinds and Q1 performance “We believe we are taking the appropriate actions and moving with a sense of urgency to address and mitigate the headwinds impacting our SS&M business. Adient remains focused on executing our strategy” R. Bruce McDonald, Chairman and Chief Executive Officer ADJ. EBIT $163M -42% AS ADJUSTED vs. Q1 17 ADJ. EBIT MARGIN 3.9% -310 bps ADJ. NET INCOME attributable to Adient $99M -48% FY 2018 Q1 RESULTS OVERVIEW REVENUE $4,204MAS REPORTED EBIT $102M NET INCOME attributable to Adient $(216)M $(2.32) EPS DILUTED ADJ. EPS DILUTED $1.06 -48% Signed a joint venture agreement with Boeing to form Adient Aerospace (Adient has a majority ownership stake in the company at 50.01%). Showcased Adient’s future mobility solutions that address trends driving change in mobility (autonomous vehicles, car-and ride-sharing) at the 2018 North American International Auto Show. Impact of U.S. tax reform is expected to be positive in the short-term (FY18); certain structural changes needed to offset negative influences beginning in FY19. Unconsolidated seating revenue in Q1 2018 increased to $2.5B. FY 2018 FIRST QUARTER EARNINGS For non-GAAP and adjusted results, see appendix for detail and reconciliation to U.S. GAAP January 29, 2018 +4%vs. Q1 17 -55% -252% -254%

The following information was filed by Adient Plc (ADNT) on Monday, January 29, 2018 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Adient Plc provided additional information to their SEC Filing as exhibits

Exhibit 31.1: Rule 13A-14(A)/15D-14(A) Certification

Exhibit 31.2: Rule 13A-14(A)/15D-14(A) Certification

Exhibit 32.1: Section 1350 Certification

Ticker: ADNT
CIK: 1670541
Form Type: 10-Q Quarterly Report
Accession Number: 0001670541-18-000006
Submitted to the SEC: Tue Jan 30 2018 5:09:14 PM EST
Accepted by the SEC: Tue Jan 30 2018
Period: Sunday, December 31, 2017
Industry: Motor Vehicle Parts And Accessories