Lear — Feb 6, 2025 release

The industry volume assumptions underlying Lear’s 2025 financial outlook are derived from several sources, including internal estimates, customer production schedules and the most recent S&P Global Mobility production estimates for Lear’s vehicle platforms. Our 2025 financial outlook is summarized below: Full Year 2025 Financial Outlook Net Sales $21,875 million - $22,875 million Core Operating Earnings $915 million - $1,175 million Adjusted EBITDA $1,535 million - $1,795 million Restructuring Costs ≈$175 million Operating Cash Flow $1,055 million - $1,255 million Capital Spending ≈$625 million Free Cash Flow $430 million - $630 million The financial outlook is based on a full year average exchange rate of $1.04/Euro and 7.30 RMB/$ and excludes any impact of potential changes to tariffs. Certain of the forward-looking financial measures above are provided on a non-GAAP basis. The Company does not provide a reconciliation of such forward-looking measures to the most directly comparable financial measures calculated and presented in accordance with GAAP because to do so would be potentially misleading and not practical given the difficulty of projecting event-driven transactional and other non-core operating items in any future period. The magnitude of these items, however, may be significant. Fourth Quarter and Full Year 2024 Conference Call and Webcast Information A conference call and webcast will be held to discuss Lear’s fourth quarter and full year 2024 financial results and related matters on February 6, 2025, at 9:00 a.m. ET. The webcast link for the conference call will be available through Lear’s investor relations webpage at ir.lear.com. In additi