Autoliv, Inc. · NYSE:ALV
Autoliv — Q3 2026 Earnings Presentation
26 slides from Autoliv's earnings presentation, Oct 23, 2026
Slide 1: Saving More Lives – Earnings Call Presentation 3rd Quarter 2026
Saving More Lives Earnings Call Presentation 3rd Quarter 2026 October 23, 2026 October 23, 2026 ALV – Q3 2026 Earnings Call and Webcast
Slide 2: Safe Harbor Statement
Safe Harbor Statement* This report contains statements that are not historical facts but rather forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include those that address activities, events or developments that Au
Slide 3: Q3'26 Key Highlights – Solid Performance in a Tough Environment
Q3’26 Key Highlights – Solid Performance in a Tough Environment Sales exceeded global LVP by nearly 1 percentage point, reflecting strong growth in India, Japan, and with Chinese OEMs – India sales grew organically by nearly 30% – Sales to Chinese OEMs grew by over 20%, driven by recent launches
Slide 4: Q3'26 Financial Overview: Second strongest Q3 ever despite headwinds
Q3’26 Financial Overview: Second strongest Q3 ever despite headwinds from declining global LVP and raw materials Consolidated Sales Adjusted Operating Income* Operating Cash Flow US$ -Millions US$ -Millions US$ -Millions -0.5% -3% -$19 $2,706 $2,693 $271 $262 $258 $239 10.0% Adj. 9.7% Adj. Op. Mar
Slide 5: Cost Efficiency
Cost Efficiency Positive Momentum Continues Across Most KPIs Direct Labor Productivity Index Gross Margin SG&A and RD&E, net Operating Cash flow LTM Sales in relations to Average Headcount % US$ -Millions and in relations to sales US$ -Millions 300 11.0% 1,250 160 22% 140 250 10.0% 1,050 20% 120 2
Slide 6: Q3'26 Light Vehicle Market Development
Q3’26 Light Vehicle Market Development LVP* Customer Call-off Accuracy** 15% Rest 100% 10% of Asia Normal S. America China Level 5% E.Europe Japan COEMs* Global Total 0% -1.9% W.Europe -5% N. America 80% -10% -15% -20% -25% 60% China -30% GOEMs* Higher safety content markets The call-off situation
Slide 7: Q3'26 Sales Growth and Regional Sales Split
Q3’26 Sales Growth and Regional Sales Split Sales Bridge Organic Sales1 vs. LVP2 US$ millions China COEMs3 +20pp $2,706 $17 $2,693 15 pp $17 -$47 10 pp 5 pp Asia excl. China Americas Outperformance +0.8 pp 0 pp -5 pp Europe China GOEMs3 -10 pp Price volume mix Currency Q3´25 Tariff compensations,
Slide 8: Q3'26 New Launches – Important Models
Q3’26 New Launches – Important Models Product Launches per quarter Haval C06 from Great Wall BMW iX5/X5 250 200 150 100 Hyundai Avante WEY 06/07 from Great Wall 50 0 Q1 Q2 Q3 Q4 2025 2026 ALV – Q3 2026 Earnings Call and Webcast October 23, 2026
Slide 9: Financials
Financials ALV – Q3 2026 Earnings Call and Webcast October 23, 2026
Slide 10: Q3'26 Financial Overview
Q3’26 Financial Overview US$ Millions unless specified Q3’26 Q3´25 Sales $2,693 $2,706 Gross Profit $496 18.4% $522 19.3% Adj. Operating Income1 $262 9.7% $271 10.0% Adj. EPS -assuming dilution1 $2.19 $2.32 Adj. RoCE1,2 24.4% 25.5% Adj. RoE1,2 25.2% 28.3% Operating cash flow $239 $258 Dividend paid
Slide 11: Q3'26 Adjusted Operating Income Bridge
Q3’26 Adjusted Operating Income* Bridge -$9 350 $17 300 $34 $271 -$42 $262 -$15 -$1 -$2 • Operations primarily driven by cost reductions 250 activities US$ Millions • RD&E and SG&A include ~2 million unfavorable 200 FX translation effects • Unrecovered tariffs and the dilutive effect from 150 the re
Slide 12: Cash Flow
Cash Flow Continued solid cash generation Operating Cash Flow and Capex, net * -US$ Millions unless specified Q3´26 Q3´25 LTM 2025 Net Income $155 $175 $623 $736 Depreciation & Amortization 107 103 437 407 Other, net 22 32 31 26 Change in operating WC -45 -53 51 -12 Cash Conversion* Operating Cash F
Slide 13: Strong Balance Sheet & Cash Flow Supporting Shareholder Returns
Strong Balance Sheet & Cash Flow Supporting Shareholder Returns Shareholder Returns $ millions ~$2.9 billion in direct shareholder returns over the last 5 years 552 500 352 351 350 Repurchased over 16 million shares 115 since beginning of 2022, corresponding to ~18% of outstanding shares 224 225 238
Slide 14: Debt Leverage Ratio
Debt Leverage Ratio* Remains below our long-term target of 1.5x Net Debt * / EBITDA ** Net Debt* and EBITDA** per the Policy US$ Millions Times 2.0 Net Debt EBITDA LTM 2,000 1.5 1,500 1.3x 1.0 Long-Term Target: ≤1.5x 1,000 0.5 0.0 500 Q3´23 Q1´24 Q3´24 Q1´25 Q3´25 Q1´26 Q3´26 Q3´23 Q1´24 Q3´24 Q1´
Slide 15: Outlook
Outlook ALV – Q3 2026 Earnings Call and Webcast October 23, 2026
Slide 16: Light Vehicle Production Outlook
Light Vehicle Production Outlook Global Light Vehicle Production* according to Mobility Global in October 2026 LVP* per Quarter according to Mobility Global* 25 24 -4.5% 23 -1.9% 22 Global Total 21 Million units -1.9% Autoliv guidance is based on global 20 LVP decreasing around -2% in 2026 19 18 17
Slide 17: FY 2026 Guidance
FY 2026 Guidance Q4 2026 vs. Q3 2026: margin expansion expected from: Adjusted Operating Margin * Progression • Higher sales and engineering income • Customer compensation for raw material inflation • Operational improvements, cost efficiencies, automation, and digitalization 14% The updated F
Slide 18: 2026 Mitigation Actions – Offsetting Market Headwinds
2026 Mitigation Actions – Offsetting Market Headwinds Market Headwinds vs. January Mitigation Actions Our original FY2026 guidance, set in January, was based on materially Disciplined execution across commercial, operational, and cost-efficiency lower assumptions for raw materials and other costs in
Slide 19: Full Year 2026 Guidance with Updated Assumptions
Full Year 2026 Guidance1 with Updated Assumptions Full Year 2026 Guidance Organic sales increase2 Around 0% Unchanged Adjusted Operating margin2 Around 10.5% Narrowed from ~10.5-11.0% Operating Cash flow3 Around $1.2 billion Unchanged Capex, net % of sales Around 4% Previously <5% Assumptions Exchan
Slide 20: Q&A
Q&A ALV – Q3 2026 Earnings Call and Webcast October 23, 2026
Slide 21: Investor Day 2027
Investor Day 2027 Date & Location April 26, 2027 : Auto Shanghai 2027 incl. Autoliv Tech Presentation & guided tour of the auto show April 27, 2027 : Autoliv Investor Day incl. presentations and plant tour Location: Shanghai, China What to expect Autoliv’s strategy, innovation roadmap, a
Slide 22: Saving More Lives
Saving More Lives ALV – Q3 2026 Earnings Call and Webcast October 23, 2026
Slide 23: Q3'26 Product Volumes
Q3´26 Product Volumes Autoliv Quantities Delivered Q3’26 vs. PY** (%) (Millions unless specified) Seatbelts 33.4 -6% Pretensioners (of which) 23.2 -6% Active Seatbelts (of which) 1.3 -8% Frontal Airbags 14.5 -3% Knee Airbags (of which) 1.6 -10% Side Airbags 37.2 3% Chest (of which) 19.8 2%
Slide 24: Reconciliation of Operating margin to Adjusted Operating margin
Reconciliation of GAAP measure "Operating margin" to Non-GAAP measure "Adjusted Operating margin" We believe that comparability between periods is improved through the exclusion of certain items. To assist investors in understanding the operating performance of Autoliv's business, it is useful to co
Slide 25: Reconciliation of Leverage ratio & Adjusted EBITDA
Reconciliation of Non-US GAAP measure “Leverage ratio & Adjusted EBITDA" The non-U.S. GAAP measure “net debt” is also used in the non-U.S. GAAP measure “Leverage ratio”. Management uses this measure to analyze the amount of debt the Company can incur under its debt policy. Management believes that t
Slide 26: Reconciliation of Non-US GAAP measure Net Debt
Reconciliation of Non-US GAAP measure “Net Debt" (Dollars in millions) 2026 2025 2024 2023 Sep 30 Jun 30 Mar 31 Dec 31 Sep 30 Jun 30 Mar 31 Dec 31 Sep 30 Jun 30 Mar 31 Dec 31 Sep 30 Short-term debt $251 $350 $393 $419 $654 $679 $540 $387 $624 $455 $310 $538 $590 Long-term debt 1,683 1,688 1,699 1,73