Autoliv — Apr 16, 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.     Mar 31 Dec 31 Mar 31 (Dollars in millions) 2025 2024 2024 Net debt 1) $1,787 $1,554 $1,562 Pension liabilities 163 153 149 Net debt per the Policy $1,950 $1,708 $1,711         Net income 2) $688 $648 $541 Income taxes 2) 246 227 136 Interest expense, net 2, 3) 97 95 83 Other non-operating items, net 2) 16 16 1 Income from equity method investments 2) (6) (7) (5) Depreciation and amortization of intangibles 2) 386 387 381 Adjustments 2), 4) 23 27 231 EBITDA per the Policy (Adjusted EBITDA) $1,449 $1,394 $1,369         Leverage ratio 1.3 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 and antitrust related matters. See Items Affecting Comparability below.     16 Financial Report January - March 2025   Reconciliation of GAAP measure "Operating cash flow" to "Fre