Autoliv — Oct 18, 2024 release

Autoliv’s policy is to maintain a leverage ratio commensurate with a strong investment grade credit rating. The Company measures its leverage ratio as net debt* adjusted for pension liabilities in relation to adjusted EBITDA*. The long-term target is to maintain a leverage ratio of around 1.0x within a range of 0.5x to 1.5x.     Sep 30 Jun 30 Sep 30 (Dollars in millions) 2024 2024 2023 Net debt 1) $1,787 $1,579 $1,375 Pension liabilities 147 140 152 Debt per the Policy $1,934 $1,720 $1,527         Net income 2) $632 $627 $418 Income taxes 2) 141 150 188 Interest expense, net 2, 3) 93 89 75 Other non-operating items, net 2) 4 8 5 Income from equity method investments 2) (6) (6) (4) Depreciation and amortization of intangibles 2) 385 384 371 Adjustments 2), 4) 128 128 136 EBITDA per the Policy (Adjusted EBITDA) $1,376 $1,380 $1,189         Leverage ratio 1.4 1.2 1.3 1) Short- and long-term debt less cash and cash equivalents and debt-related derivatives. 2) Latest 12 months. 3) Interest expense including cost for extinguishment of debt, if any, less interest income. 4) Capacity alignments, antitrust related matters and for FY2023 the Andrews litigation settlement. See Items Affecting Comparability below.   17 Financial Report July - September 2024   Free Cash Flow and Ca