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Making every drive better™ 1Third Quarter 2021 Financial Results November 2, 2021 Ray Scott, President and CEO Jason Cardew, Senior Vice President and CFO
Making every drive better™
Ray Scott, President and CEO
Jason Cardew, Senior Vice President and CFOLear Proprietary: The information contained herein is the property of Lear Corporation. Forward -Looking Statements
This presentation contains forward -looking statements within themeaning ofthePrivate Securities Litigation Reform Actof1995,including
statements regarding anticipated financial results andliquidity .Thewords “will,” “may,” “designed to,”“outlook,” “believes,” “should,” “anticipates,”
“plans,” “expects,” “intends,” “estimates,” “forecasts” andsimilar expressions identify certain ofthese forward -looking statements .TheCompany
alsomay provide forward -looking statements inoralstatements orother written materials released tothepublic .Allstatements contained or
incorporated inthispresentation orinanyother public statements thataddress operating performance, events ordevelopments thattheCompany
expects oranticipates mayoccur inthefuture areforward -looking statements .Factors thatcould cause actual results todiffer materially from these
forward -looking statements arediscussed intheCompany’s Annual Report onForm 10-Kfortheyear ended December 31,2020,itsQuarterly
Report onForm 10Qforthequarter ended April 3,2021,anditsother Securities andExchange Commission filings .Future operating results willbe
based onvarious factors, including theimpact oftheongoing COVID -19pandemic ontheCompany’s business andtheglobal economy, supply chain
disruptions, actual industry production volumes, commodity prices, theimpact ofrestructuring actions andtheCompany’s success inimplementing
itsoperating strategy .
Information inthispresentation relies onassumptions intheCompany’s sales backlog .TheCompany’s sales backlog reflects anticipated netsales
from formally awarded newprograms lesslostanddiscontinued programs .TheCompany enters intocontracts with itscustomers toprovide
production parts generally atthebeginning ofavehicle’s lifecycle.Typically, these contracts donotprovide foraspecified quantity ofproduction,
andmany ofthese contracts maybeterminated bytheCompany’s customers atanytime.Therefore, these contracts donotrepresent firmorders .
Further, thecalculation ofthesales backlog does notreflect customer price reductions onexisting ornewly awarded programs .Thesales backlog
maybeimpacted byvarious assumptions embedded inthecalculation, including vehicle production levels onnewprograms, foreign exchange rates
andthetiming ofmajor program launches .
Theforward -looking statements inthispresentation aremade asofthedatehereof, andtheCompany does notassume anyobligation toupdate,
amend orclarify them toreflect events, newinformation orcircumstances occurring after thedatehereof .
Non-GAAP Financial Information
This presentation also contains non -GAAP financial information. For additional information regarding the Company’s use of non -GAAP financial
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