Lear — Feb 6, 2025 release

Since initiating the share repurchase program in 2011, we have repurchased 59.1 million shares of our common stock for a total of $5.6 billion at an average price of $94.54 per share. This represents a reduction of approximately 56% of our shares outstanding since the time we began the program. 2025-2026 Sales Backlog The consolidated two-year 2025-2026 core sales backlog is $1.3 billion and will drive continued global revenue growth and sales diversification. The sales backlog has been impacted by launch delays and lower than originally expected volumes on certain electric vehicle programs. The core sales backlog excludes the impact of non-core products winding down in our E-Systems business. Delays in sourcing awards due to changes in customer strategies impacted the ability to provide a meaningful 2027 sales backlog. Lear expects to provide a three-year backlog later in 2025. 4 2025 Financial Outlook At the midpoint of our guidance range, we have assumed that global industry production will be 2% lower than in 2024 on a Lear sales weighted basis. 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 Opera