Financial Report April – June 2020

Stockholm, Sweden, July 17, 2020 (NYSE: ALV and SSE: ALIV.Sdb)Q2 2020: Adapting to weak but improving LVP Financial highlights Q2 2020$1,048m net sales48% organic sales decline*(22.3)% operating margin(16.4)% adjusted operating margin*$(2.00) EPS - a decrease of $3.25$(1.40) adjusted EPS* - a decrease of $2.78Full year 2020 indicationsNo indications will be provided until effects of COVID-19 pandemic can be better assessedKey business developments in the second quarter of 2020 · Organic sales declined* 2.6pp more than global light vehicle production declined, with