August Outlook $1,610 - $1,740 million Interest Expense ≈$105 million No Change Effective Tax Rate 21% to 22% No Change Adjusted Net Income $680 - $710 million Operating Cash Flow $1,230 - $1,270 million August Outlook $1,180 - $1,280 million Capital Expenditures ≈$675 million August Outlook ≈$700 million Free Cash Flow $555 - $595 million August Outlook $480 - $580 million 2023 Full Year Outlook assumes an average Euro of $1.08 and an average Chinese RMB of 7.02 / $, S&P Global Mobility production forecast ...

Lear Corporation (NYSE:LEA) Q3 2023 Earnings Conference Call October 26, 2023 8:30 AM ET Company Participants Ed Lowenfeld - Vice President Investor Relations Ray Scott - President & Chief Executive Officer Jason Cardew - Senior Vice President & Chief Financial Officer Frank Orsini - Executive Vice President & President of Seating Conference Call Participants Rod Lache - Wolfe Research John Murphy - Bank of America James Picariello - BNP Paribas Colin Langan - Wells Fargo Dan Levy - Barclays Emmanuel Rosner ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 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 September 30, 2023. 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: 001-11311 (Exact name of registrant as specified in its charter) ____ ...

Company Participants Conference Call Participants Operator At this time, I'd like to turn the floor over to Ed Lowenfeld, Vice President, Investor Relations. Sir, please go ahead. Before Ray begins, I'd like to take this opportunity to remind you that as we conduct this call, we will be making forward-looking statements to assist you in understanding Lear's expectations for the future. As detailed in our safe harbor statement on Slide 2, our actual results could differ materially from these forward-looking ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022. ☐ 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: 1-11311 (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) Delaware 1 ...

Lear Corporation (NYSE:LEA) Q4 2022 Earnings Conference Call February 2, 2023 9:00 AM ET Company Participants Ed Lowenfeld - VP, IR Ray Scott - President and CEO Jason Cardew - SVP and CFO Conference Call Participants Rod Lache - Wolfe Research Mark Delaney - Goldman Sachs John Murphy - Bank of America James Picariello - BNP Paribas David Kelley - Jefferies Emmanuel Rosner - Deutsche Bank Adam Jonas - Morgan Stanley Operator Good morning, everyone, and welcome to the Lear Corporation Fourth Quarter and Full ...

| --- | --- | --- | --- | --- | --- | |-------|-------|--------------------------------------------------------------------------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Third Quarter 2022 | | | | | | | Financial Results | | | | | | | November 1, 2022 | | | | | | | | | | | | | | Ray Scott, President and CEO Jason Cardew, Senior Vice President and CFO | | | | Safe Harbor Statement Forward-Looking Statements This presenta ...

Lear Corporation (NYSE:LEA) Q2 2022 Earnings Conference Call August 2, 2022 8:30 AM ET Company Participants Ed Lowenfeld – Vice President-Investor Relations Ray Scott – President, Chief Executive Officer and Director Jason Cardew – Senior Vice President and Chief Financial Officer Conference Call Participants Joseph Spak – RBC Capital Markets Rod Lache – Wolfe Research Itay Michaeli – Citi Colin Langan – Wells Fargo John Murphy – Bank of America Emmanuel Rosner – Deutsche Bank David Kelley – Jefferies James ...

| --- | --- | --- | --- | --- | |-------|--------------------------------------------------------------------------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Second Quarter 2022 | | | | | | Financial Results | | | | | | August 2, 2022 | | | | | | | | | | | | Ray Scott, President and CEO Jason Cardew, Senior Vice President and CFO | | | | Safe Harbor Statement Forward-Looking Statements This presentation contains forward-looki ...

Financial Data and Key Metrics Changes - Sales for Q1 2022 were $5.2 billion, a decrease of 3% year-over-year, while core operating earnings were $184 million compared to $336 million in the previous year [22][5][18] - Adjusted earnings per share were $1.80, down from $3.73 a year ago [22] - Operating cash flow generated in the quarter was $221 million, down from $248 million in 2021 [22] - Free cash flow was $90 million compared to $135 million last year [22] Business Line Data and Key Metrics Changes - Seating segment sales were $3.9 billion, a decrease of 2% from 2021, with core operating earnings of $218 million, down from $307 million [23][24] - E-Systems segment sales were $1.3 billion, a decrease of 5% from 2021, with operating earnings of $42 million, down from $95 million [24][22] Market Data and Key Metrics Changes - Global vehicle production decreased by 4% compared to 2021, significantly impacted by semiconductor shortages and COVID-related shutdowns [21] - Lear's sales outperformed global industry production by 4 percentage points, with seating growing 5 points above market and E-Systems growing 1 point above market [21][22] Company Strategy and Development Direction - The company is focusing on operational excellence and process improvements, including restructuring to streamline operations and improve efficiencies [9][30] - Lear is targeting investments in areas that provide the best returns and is exiting certain product lines in E-Systems [9][10] - The company aims to leverage its vertical integration to create a unique value proposition for customers, particularly in thermal management solutions [49][50] Management's Comments on Operating Environment and Future Outlook - Management expressed that the operating environment remains challenging due to semiconductor disruptions, elevated commodity costs, and geopolitical tensions [8][9] - The company anticipates a muted volume recovery in the near term, with industry conditions expected to remain challenging well into 2023 [8][9] - Lear's 2022 sales outlook is now expected to be in the range of $20.4 billion to $21.2 billion, reflecting a decrease from previous guidance [28][29] Other Important Information - The company completed the acquisition of Kongsberg, which is expected to enhance its seating capabilities and product offerings [12][13] - Lear's electrification business is projected to grow rapidly, with new business awards for electrification increasing significantly [18][20] Q&A Session Summary Question: Raw material guidance increase - Management noted a modest increase in raw material guidance due to recoverable costs from contractual arrangements, primarily driven by steel and supplier component costs [32][33] Question: Margin recovery timeframe - Management indicated that margin recovery is expected to be gradual, with improvements anticipated in the second half of the year as commodity costs stabilize and volumes increase [42][44] Question: Gross over market performance - Management explained that strong growth over market was observed in North America and Europe, while challenges in China impacted overall performance [58][59]