Financial Data and Key Metrics Changes - In Q1 2022, net sales were $901 million, down 10% on a GAAP basis and 6% on a constant currency basis compared to the previous year [12][44] - Adjusted EBITDA was $146 million, resulting in an adjusted EBITDA margin of 16.2%, down from 17.7% in Q1 2021 but up from Q4 2021 [13][26] - The net debt to consolidated EBITDA ratio improved to 1.88 times from 1.95 times in Q4 2021 [16][36] Business Line Data and Key Metrics Changes - Gasoline product sales decreased 5% at constant currency, diesel product sales decreased 14%, and commercial vehicle sales decreased 7% compared to the previous year [28] - Aftermarket off-highway demand grew 19% year-over-year at constant currency, representing 12% of total sales [29] Market Data and Key Metrics Changes - The ongoing semiconductor shortage and supply chain challenges impacted vehicle production globally, particularly in China [12][58] - The overall foreign exchange impact reduced Q1 2022 sales by $36 million due to a weaker Euro [29] Company Strategy and Development Direction - The company plans to invest 50% of its 2022 R&D spend into new non-car turbo technologies and has opened additional electric lab capabilities [21] - The first commercial launch of E-Turbo technology on the Mercedes-AMG SL 43 was highlighted as a significant advancement [18] Management's Comments on Operating Environment and Future Outlook - Management noted that the current automotive supply chain challenges do not affect the strong underlying pent-up demand for light vehicles [45] - The revised 2022 outlook reflects lower global light vehicle automotive production due to supply chain constraints and a weaker Euro, with an expectation of flat production compared to 2021 [37][39] Other Important Information - The company ended Q1 2022 with $788 million in total liquidity, up from $720 million in the previous quarter [47] - The company repurchased 50,000 common shares and 197,000 Series A preferred shares, totaling $21 million in equity repurchases since Q4 2021 [36] Q&A Session Summary Question: How many units were sold this past quarter? - Approximately 3.4 million turbo units were sold [51] Question: Are customer ordering habits different now compared to 2021? - Demand volatility has returned to levels similar to Q3 2021, primarily driven by semiconductor shortages [53][58] Question: Is the weaker Euro changing R&D investment plans? - R&D investments remain unchanged globally, focusing on capabilities and expertise despite the weaker Euro [59] Question: Comments on buyback timing and pace? - Buyback pace slowed due to entering a blackout period after Q1 earnings, with future decisions dependent on cash flow developments [63] Question: Any plans for an Investor Day? - The company is considering an Investor Day and will communicate details once finalized [65]

Develop tomorrow's automotive technology today. ELECTRIC MAKE TOMORROW April 28, 2022 FIRST QUARTER 2022 FINANCIAL RESULTS Forward Looking Statements This presentation contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of fact, that address activities, events or developments that we or our management intend, expect, project, believe or anticipate will or may occur in the future are forward-looking statements ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 ________________________________________________ FORM 10-Q ________________________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to ______ Commission File Number: 001-38636 ___________ ...

Garrett Motion Inc. (NASDAQ:GTX) Q4 2021 Earnings Conference Call February 14, 2022 8:30 AM ET Company Participants Paul Blalock - IR Olivier Rabiller - CEO Sean Deason - CFO Conference Call Participants Hamed Khorsand - BWS Financial Chris McIntyre - McIntyre Partnership Prateek Gupta - Goldman Sachs Josh Taykowski - Credit Suisse Operator Ladies and gentlemen, thank you for standing by, and welcome to the Garrett Motion Fourth Quarter and Full Year 2021 Earnings Conference Call. At this time, all particip ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K __________________________ (Mark One) x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from_____to_____ Commission File Number 001-38636 Garrett Motion Inc. (Exact name of registrant as specified in its charter) ________________ ...

THIRD QUARTER 2021 FINANCIAL RESULTS October 28, 2021 Forward Looking Statements This presentation contains "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of fact, that address activities, events or developments that we or our management intend, expect, project, believe or anticipate will or may occur in the future are forward-looking statements including without limitation our statements regarding the ...

Financial Data and Key Metrics Changes - The company reported net sales of $839 million for Q3 2021, an increase of 4% year-over-year, and a 2% increase on a constant-currency basis, significantly outpacing global auto production by approximately 19 percentage points [5][6] - Adjusted EBITDA for Q3 2021 was $134 million, representing a margin expansion of 105 basis points to 16% compared to the previous year [14][19] - Adjusted net income for Q3 2021 was $65 million, an increase of 8% year-over-year [15] Business Line Data and Key Metrics Changes - Gasoline products were flat year-over-year, accounting for 39% of reported net sales, while diesel products decreased by 5% due to semiconductor shortages [16][17] - Sales of commercial vehicles increased by 10%, driven by recovery in demand post-pandemic, while aftermarket products grew by 22% [17] - Overall volumes totaled 3.1 million units, down 1% year-over-year and down 8.8% sequentially due to global chip shortages [19] Market Data and Key Metrics Changes - The company experienced strong demand in North America and China, particularly for gasoline products, despite supply chain disruptions [6][16] - The impact of foreign exchange was a negative $18 million in Q3, primarily due to a stronger dollar against the euro [18] Company Strategy and Development Direction - The company is focused on enhancing its financial flexibility and optimizing capital deployment strategies, including a partial redemption of Series B preferred shares [9][24] - Investments in electrification and software are prioritized, with approximately 40% of year-to-date spending dedicated to new technologies [11] - The company aims to maintain its technology leadership while navigating macroeconomic challenges and supply chain disruptions [10][32] Management's Comments on Operating Environment and Future Outlook - Management anticipates that supply chain challenges, particularly semiconductor shortages, will persist into 2022, but they are confident in their operational capabilities to mitigate these issues [7][10] - The company revised its full-year 2021 net sales guidance to a range of $3.6 billion to $3.7 billion, reflecting a decrease from previous estimates due to ongoing supply chain disruptions [28][30] - Despite challenges, the company expects to generate healthy cash flow conversion and maintain a strong adjusted EBITDA margin [30] Other Important Information - The company ended Q3 with available liquidity of $752 million, including $456 million in restricted cash [22] - The net debt to consolidated EBITDA ratio improved to 1.32 times, compared to 4.08 times as of June 30, 2020 [25] Q&A Session Summary Question: What is the current ordering situation from customers and OEMs? - Management noted high volatility in customer forecasts, with frequent revisions, and emphasized their strategy to second-guess these forecasts to avoid overproduction [35] Question: What is the outlook for turbochargers in the industry? - Management indicated strong underlying demand for turbochargers, with expectations of a rebound in demand as the industry normalizes [36][37] Question: What is leading to the implied sequential revenue increase for Q4? - The anticipated increase is primarily due to product launches, which are expected to drive volume growth despite a flat industry outlook [39] Question: Can you provide insights on the D&T launches into 2022 and their impact on margins? - Management expressed confidence in the optimization of new products, which are expected to be launched rapidly in key markets [42] Question: What are the plans for capital allocation and shareholder returns? - The company plans to prioritize investments in new technologies and aims to normalize its capital structure, with updates to be provided regularly [46][47]

Financial Data and Key Metrics Changes - The company reported net sales of $935 million for Q2 2021, an increase of 83% at constant currency compared to the previous year, outpacing global auto production by approximately 32 percentage points [7][20] - Adjusted EBITDA for Q2 2021 increased by 167% year-over-year from $63 million to $168 million, with an adjusted EBITDA margin of 18% [21][29] - Adjusted net income for Q2 2021 was $90 million, compared to $21 million in Q2 2020 [22] Business Line Data and Key Metrics Changes - Gasoline products accounted for 37% of net sales in Q2 2021, down 2 percentage points from Q1 2021, while diesel products declined by 1 percentage point [24] - Commercial vehicle sales increased year-over-year by $82 million or 81% at constant currency, and aftermarket sales improved by $28 million or 40% at constant currency [27] - Overall, all product lines increased year-over-year, primarily due to the impact of the pandemic in 2020 [26] Market Data and Key Metrics Changes - The company maintained a net sales percentage of 32% in Asia, while Europe and North America changed marginally to 52% and 15% respectively [23] - The semiconductor shortage impacted volumes, leading to a decline in gasoline and diesel products by 12% and 9% respectively on a sequential basis [28] Company Strategy and Development Direction - The company aims to enhance its technology growth strategy, focusing on differentiated solutions as the automotive industry evolves, with light vehicle turbo production expected to grow at an annual rate of approximately 6% from 2020 to 2025 [14] - The company is investing in new product launches and has plans for mass production of its E-Turbo technology, which is rooted in Formula 1 technology [15] - The company is also focusing on fuel cell technologies and has received a new business award for its GEN II e-compressor for fuel cells in China, with production starting in 2023 [16] Management's Comments on Operating Environment and Future Outlook - Management expressed caution regarding the second half of the year due to ongoing semiconductor shortages and supply chain disruptions, which may affect production levels [40][41] - The company anticipates global light vehicle auto production to grow between 10% and 11% for the year, with reported net sales expected to range between $3.7 billion and $3.9 billion [41] - Management highlighted the importance of maintaining operational excellence and adapting to macroeconomic challenges [12][51] Other Important Information - The company completed its Chapter 11 restructuring, significantly improving its balance sheet and reducing gross debt from $1.57 billion in June 2020 to $1.25 billion in June 2021 [13][33] - The company launched its first sustainability report, emphasizing its commitment to environmental, social, and governance (ESG) management [44][50] Q&A Session Summary Question: What kind of traction is the company getting for VNT for gasoline? - Management noted strong traction in Europe and good traction in China, with expectations for increased adoption in the U.S. due to new CO2 regulations [56][57] Question: What is the timing of the software business ramping? - Management explained that the software offerings are fragmented and highlighted their differentiation through model-based algorithms and cybersecurity solutions [58][59] Question: What is the plan for capital return policy? - Management indicated that unrestricted cash is expected to be released by the end of Q3, and discussions regarding capital return will be ongoing [65] Question: How should the company be thinking about seasonality this year? - Management expressed caution regarding Q3 and Q4, noting contradictory information from the marketplace about the semiconductor situation [67][68] Question: What is the outlook for working capital? - Management acknowledged challenges due to the semiconductor shortage but indicated a return to a normalized working capital position is expected [70][73] Question: How does the company view leverage going forward? - Management stated that they aim to achieve a normalized capital structure over the next two to three years while focusing on deleveraging [78][80]

Garrett Motion Inc. (NASDAQ:GTX) Q2 2020 Earnings Conference Call July 30, 2020 8:30 AM ET Company Participants Paul Blalock - Vice President of Investor Relations Olivier Rabiller - President & Chief Executive Officer Sean Deason - Chief Financial Officer Peter Brock - Chief Transformation Officer Conference Call Participants Aileen Smith - Bank of America A.J. Ribakove - RBC Capital Markets Operator Hello, everyone. My name is Jamie and I will be your operator today. I would like to welcome everyone to th ...

July 30, 2020 SECOND QUARTER 2020 FINANCIAL RESULTS Forward Looking Statements This presentation contains "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of fact, that address activities, events or developments that we or our management intend, expect, project, believe or anticipate will or may occur in the future are forward-looking statements including without limitation our statements regarding the an ...