Autoliv — Jan 31, 2025 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.     Dec 31 Sep 30 Dec 31 (Dollars in millions) 2024 2024 2023 Net debt 1) $1,554 $1,787 $1,367 Pension liabilities 153 147 159 Debt per the Policy $1,708 $1,934 $1,527         Net income 2) $648 $632 $489 Income taxes 2) 227 141 123 Interest expense, net 2, 3) 95 93 80 Other non-operating items, net 2) 16 4 3 Income from equity method investments 2) (7) (6) (5) Depreciation and amortization of intangibles 2) 387 385 378 Adjustments 2), 4) 27 128 230 EBITDA per the Policy (Adjusted EBITDA) $1,394 $1,376 $1,297         Leverage ratio 1.2 1.4 1.2 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.     19 Financial Report October - December 2024   Reconciliation of