#1More Lives Saved Investor Day 2023 Operational Excellence June 12, 2023 Magnus Jarlegren, President Autoliv Europe June 12, 2023 Investor Day Presentation More Life Lived Autoliv Copyright Autoliv Inc., All Rights Reserved Publicc#2Recap of 2021 Capital markets day - Well on the way with savings realized according plan Recap CMD: The Operations Strategy has identified 500 MUSD in savings which is under implementation whereof 140 is already realized 27 27 September 201 Strategy Update, Autoly Boring 600 Savings from strategic initiatives 500 $200 M 400 within 6-years 300 $150M 200 within 2-years 100 $140M realized 0 From Automation, Digitalization & Benchmarking/APS We set our selves clear priorities 2019, and have now an even better foundation to drive automation and digitalization APS Development Applied Focus Q3 2021 ALV APS Assessment Steady state improvement utilizing existing approach APS Benchmark best Automation Factory of Future A APS Maturity Bronze B Basi Silver Performance Q32019 Assessment Q32021 Assessment Autoliv Copyright Autoliv Inc All Rights Reserved Internal 12 17 September 23 Strangy Unm Auty Board Meeting Focused onsite coaching to drive improvements Copynght Autone me All Rights Rasoned B ■ Successful application of focus in 2019 strategy APS level has significantly improved Foundation to further accelerate Automation and Digitalization in place Autoliv Autoliv June 12, 2023 Investor Day Presentation Copyright Autoliv Inc., All Rights Reserved Public#3Since 2020, increased uncertainty and volatility have been experienced but progress have continued with underlying improvements EDI take rate Global Autoliv Percent Pre 98 +/- 2% Pandemic Example on mitigated challenges Reduction of labor minutes per unit Percent 20-22 82 +10% to -50% - 23 Q1 87 +/- 10% Avg Take rate Volatility range Significant impact on production between 2020 to 2022 Less than a week response time to flex labor to real demand Volatility in workforce during pandemic, driving shortage of labor, increased training time which has negatively influenced productivity Between 10-15% downtime due to incoming material shortage 5,0 2,6 1,4 4,0 0,1 Historical 2020 Norm 2021 2022 Annualized Runrate June 12, 2023 Investor Day Presentation Copyright Autoliv Inc., All Rights Reserved Public Q123 Autoliv#40% Steady state development of APS throughout volatile years have built a solid foundation, and sets the start for the new journey Autoliv Production System Assessment New increased scope for APS excellence 100% APS Maturity Performance Quality Delivery Cost June 12, 2023 Investor Day Presentation Performance Platinum 2018 Gbld Oct 2019 Dec 2020 Silver Dec 2021 Bronze Q1 2023 Basic 100% Copyright Autoliv Inc., All Rights Reserved Colleagues Suppliers Customers Shareholders Society APS Profitability | Competitiveness | Satisfaction Just in Time Quality First Engaged Team 5S | Standards | Waste Elimination | TPM SAFE SMART | SUSTAINABLE ■ Much higher emphasis on safety, Sustainability and digitalization Significant increase of our ambition level and supporting toolbox for operational excellence ☐ Public Autoliv#5Example of Sustainability development and digitalization usecase Renewable energy shift and Green factory implementation drives down energy consumption and CO2 admission GHG Emission intensity (own ops) Ton CO2/MUSD Energy intensity Ton CO2/MUSD AMR's installed in 14 plants, four under implementation and more to gradually come 2020 58 123 2021 56 121 -37,4% -16,3% 2022 49 49 112 23 Q1 36 Renewable Electricity Percent 103 21 13 1 2020 1 2021 2022 Q123 June 12, 2023 Investor Day Presentation . UN 0432 N13 Autoli N13 N13 Payback for installation around 14-18 months Elimination of logistics operators Significant improvement on internal traffic safety Copyright Autoliv Inc., All Rights Reserved Public#6Movie- Interview with plant managers Autoliv June 12, 2023 Investor Day Presentation Copyright Autoliv Inc., All Rights Reserved Public#7Automation have been in high focus and significant progress has been achieved Airbags Seat Belts Steering Wheels Process Ratio installation % Line Ratio installation % 40 35 30 Line Ratio installation % 45 25 20 1 Manning reduction #HC's 3,000 5,000 2020 2023 2020 2023 2020 2023 20-Q123 23-25 June 12, 2023 Investor Day Presentation Copyright Autoliv Inc., All Rights Reserved Public Autoliv#8Autoliv's strategic footprint program is investing in future markets and consolidating production into lower cost countries Current ongoing optimization of manufacturing footprint 00000 Closed or onging closing of plant Capacity expansion New plant Investments and savings [MUSD] Savings Capex 74 -3 -4 49 49 34 34 145 106 96 96 121 103 148 187 170 20/21 2022 2023 2024 2025 2026 2027 2028 June 12, 2023 Investor Day Presentation Copyright Autoliv Inc., All Rights Reserved Public Autoliv#9Movie- Automation Autoliv June 12, 2023 Investor Day Presentation Copyright Autoliv Inc., All Rights Reserved Public#10Three main focus areas for operations ■ Short to mid term, take advantage of slowly returning stability in EDI's and better stability in supply chain to drive higher throughput, output and productivity in our plants ■ Accelerations of Operational Excellence through deployment of new approach and supporting toolbox - Safety Autoliv Production System - Digitalization of Operations Green factory and Sustainability ■ Focus on rolling out implementation of developed Automation concept and leverage in line station automation solutions Autoliv June 12, 2023 Investor Day Presentation Copyright Autoliv Inc., All Rights Reserved Public#11Saving More Lives fom Autoliv June 12, 2023 Investor Day Presentation Copyright Autoliv Inc., All Rights Reserved Public