Autoliv, Inc. (NYSE:ALV) Q2 2022 Earnings Conference Call July 22, 2022 8:00 AM ET

Company Participants

Anders Trapp - Vice President, Investor Relations

Mikael Bratt - President and Chief Executive Officer

Fredrik Westin - Executive Vice President, Chief Financial Officer

Conference Call Participants

Mattias Holmberg - DNB

Emmanuel Rosner - Deutsche Bank

Hampus Engellau - Handelsbanken

Colin Langan - Wells Fargo

Chris McNally - Evercore

Giulio Pescatore - BNP Exane

Joseph Spak - RBC Capital Markets

Agnieszka Vilela - Nordea

Philipp Konig - Goldman Sachs

Vijay Rakesh - Mizuho Securities

Erik Golrang - SEB

Operator

Welcome to the Q2 2022 Autoliv, Inc. Earnings Conference Call. Throughout the call, all participants will be in listen-only mode. And afterwards, there will be a question-and-answer session.

Today, I am pleased to present CEO and President, Mikael Bratt.

I’ll now hand over to VP, Investor Relations, Anders Trapp. Please begin your meeting.

Anders Trapp

Thank you, Cynthia. Welcome everyone to our second quarter 2022 earnings call. On this call, we have our President and CEO, Mikael Bratt; and our Chief Financial Officer, Fredrik Westin; and I am Anders Trapp, Vice President of Investor Relations.

During today's earnings call, our CEO will provide a brief overview of our second quarter results, as well as provide an update on our general business and market conditions. Following Mikael, Fredrik will provide further details and commentary around the financials. We will then remain available to respond to your questions. And as usual, the slides are available at autoliv.com.

Turning to the next Slide. We have the Safe Harbor Statement, which is an integrated part of this presentation and includes the Q&A that follows. During the presentation, we will reference some non-U.S. GAAP measures. The reconciliation of historical U.S. GAAP to non-U.S. GAAP measures are disclosed in our quarterly press release available on aitoliv.com and in the 10-Q that will be filed with the SEC.

Lastly, I should mention that this call is intended to conclude at 03:00 PM Central European Time. So, please follow a limit of two questions per person.

I will now hand over to our CEO, Mikael Bratt.

Mikael Bratt

Thank you, Anders. Looking on the next Slide. I would like to start by thanking our employees for a good execution of our mitigating activities in the challenging quarter. We continued to experience tough lockdowns in China that affected the global supply chain and automotive industry, including many of our employees. Although the supply chain situation is improving currently, the automotive industry continues to battle with the semiconductor shortage, limiting the global light vehicle production.