Autoliv Demonstrates Real Life Safety and Sets End of Decade Targets

 (Stockholm, Sweden, October 1, 2015) – – – At its Capital Markets Day, October
1-2, Autoliv, Inc. (NYSE: ALV and SSE: ALIVsdb), the worldwide leader in
automotive safety systems, outlines its strategy for further growth,
demonstrates real life safety and sets end of decade targets. The Company also
reiterates its existing long-term targets.
“Our mission is to be the leading supplier of safety systems for the future car,
well integrated with autonomous driving. Today, at our capital markets day, we
bring our mission to life by demonstrating world leading automotive safety
solutions designed to save hundreds of thousands of lives in the years to come”,
said Jan Carlson, Chairman, President and CEO of Autoliv.

“We further outline targets for the end of the decade, which will drive our
Company to deliver strong growth and improved margins”, he continued.

The Company’s end of decade targets are:

-       To reach $12 billion in sales, indicating an annual growth rate of
around 7%. Of the $12 billion in sales, around $9 billion are expected to come
from the passive safety business segment and around $3 billion from the
electronics business segment.

-       To expand its current passive safety market share from 39%.

-       To improve margins in the electronics segment to reach the long-term
corporate margin target range, while at least maintaining the current margin
level in the passive safety segment.

-       To grow Earnings Per Share (EPS) faster than the targeted sales growth.

The end of decade targets include the effects from the recent acquisition of
MACOM’s automotive business and planned joint venture in brake control systems
with Nissin Kogyo, which is expected to close in early 2016.

Autoliv’s end of decade sales target is $12 billion. The Company further has an
ambition to potentially reach up to $15 billion in sales by the end of the
decade, if it is successful in taking advantage of potential additional market
and acquisition opportunities.

The Company expects that its current combined passive safety and electronics
market should grow by approximately 6% annually to around $31 billion in 2019.
Through its planned joint venture with Nissin Kogyo, Autoliv is also entering
the market for brake control systems, which is estimated to be worth more than
$13 billion at the end of 2019. In the same period the global light vehicle
production (LVP) is predicted by IHS to grow around 3% annually.

Autoliv’s long-term financial targets remain unchanged:

-       To grow organic sales at least in line with its market,

-       To have an operating margin* of 8-9% over the business cycles,

-       To grow EPS* faster than organic sales growth, and

-       To have a debt policy with a net debt to EBITDA ratio of around 1x and
to be within a range of 0.5 – 1.5x

*excluding antitrust related costs

The Company further expects its restructuring costs to return to a normalized
level averaging around 30 bps of sales from 2016 onward, down significantly from
the 2015 estimate of more than $90 million.

In support of continued growth and technological leadership in its rapidly
growing active safety business the Company expects its RD&E (net) expense in the
near-term to remain at the level of 6 - 6.5% of sales. The long term expectation
continues to be for RD&E (net) to be in the range of 5 - 6% of sales.

For the period from 2015 to the end of the decade Autoliv expects to grow its
earnings per share faster than the targeted sales growth. The faster EPS growth
will be achieved through improved margins and repurchases of the Company’s own
shares or mergers and acquisitions.

At the event Autoliv demonstrates its world leading active safety portfolio
including mono and stereovision solutions based on its own software platforms
and algorithms, various radar solutions, an industry first ADAS domain
controller and infrared solutions for night vision. On display is also brake
control systems from the planned joint venture with Nissin Kogyo, GPS based
products from the recently acquired automotive business from MACOM and the
sensing ZForce steering wheel produced in cooperation with Neonode. All together
the broad and deep portfolio shows how Autoliv goes beyond ratings and
regulations to achieve real life safety which helps car manufacturers to produce
vehicles that deliver real functionality on the road.

“Increasingly, active safety is becoming a systems business. Our strategy is to
be the leading system supplier in active safety, delivering the hardware and
software needed to build the world’s safest cars. Together with our expanding
market leadership in passive safety we are the leader in providing the total
safety solutions for the future”, said Mr. Carlson.
Inquiries:

Ray Pekar, Vice President Investor Relations Americas.              Tel +1 248
475 0427

Thomas Jönsson, Group Vice President Communications.          Tel +46 (0)8 58 72
06 27
About Autoliv

Autoliv, Inc., the worldwide leader in automotive safety systems, develops and
manufactures automotive safety systems for all major automotive manufacturers in
the world. Together with its joint ventures, Autoliv has close to 80 facilities
with more than 60,000 employees in 28 countries. In addition, the Company has
ten technical centers in nine countries around the world, with 21 test tracks,
more than any other automotive safety supplier. Sales in 2014 amounted to US
$9.2 billion. The Company's shares are listed on the New York Stock Exchange
(NYSE: ALV) and its Swedish Depository Receipts on the OMX Nordic Exchange in
Stockholm (ALIV sdb). For more information about Autoliv, please visit our
company website at www.autoliv.com.

Non-U.S. GAAP measures

In this press release we refer to non-U.S. GAAP measures such as organic sales,
operating margin excluding antitrust costs, EPS excluding antitrust costs and
net debt to EBITDA.

Safe Harbor Statement

This release contains statements that are not historical facts but rather
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995. Such forward-looking statements include those
that address activities, events or developments that Autoliv, Inc. or its
management believes or anticipates may occur in the future. All forward-looking
statements, including without limitation, management’s examination of historical
operating trends and data, as well as estimates of future sales, operating
margin, cash flow, effective tax rate or other future operating performance or
financial results, are based upon our current expectations, various assumptions
and data available from third parties. Our expectations and assumptions are
expressed in good faith and we believe there is a reasonable basis for them.
However, there can be no assurance that such forward-looking statements will
materialize or prove to be correct as forward-looking statements are inherently
subject to known and unknown risks, uncertainties and other factors which may
cause actual future results, performance or achievements to differ materially
from the future results, performance or achievements expressed in or implied by
such forward-looking statements. Because these forward-looking statements
involve risks and uncertainties, the outcome could differ materially from those
set out in the forward-looking statements for a variety of reasons, including
without limitation, changes in global light vehicle production; fluctuation in
vehicle production schedules for which the Company is a supplier, changes in
general industry and market conditions or regional growth decline, changes in
and the successful execution of our capacity alignment, restructuring and cost
reduction initiatives and the market reaction thereto; loss of business from
increased competition; higher raw material, fuel and energy costs; changes in
consumer and customer preferences for end products; customer losses; changes in
regulatory conditions; customer bankruptcies, consolidations, restructurings or
divestiture of customer brands; unfavorable fluctuations in currencies or
interest rates among the various jurisdictions in which we operate; component
shortages; market acceptance of our new products; costs or difficulties related
to the integration of any new or acquired businesses and technologies; continued
uncertainty in pricing negotiations with customers; successful integration of
acquisitions and operations of joint ventures; the closing of the transaction
with Nissin Kogyo; our ability to be awarded new business; product liability,
warranty and recall claims and investigations and other litigation and customer
reactions thereto; higher expenses for our pension and other postretirement
benefits including higher funding requirements for our pension plans; work
stoppages or other labor issues; possible adverse results of pending or future
litigation; our ability to protect our intellectual property rights or
infringement claims; negative impacts of antitrust investigations or other
governmental investigations and associated litigation relating to the conduct of
our business; tax assessments by governmental authorities and changes in our
effective tax rate; dependence on key personnel; legislative or regulatory
changes impacting or limiting our business; political conditions; dependence on
and relationships with customers and suppliers; and other risks and
uncertainties identified under the headings “Risk Factors” and “Management’s
Discussion and Analysis of Financial Condition and Results of Operations” in our
Annual Reports and Quarterly Reports on Forms 10-K and 10-Q and any amendments
thereto. The Company undertakes no obligation to update publicly or revise any
forward-looking statements in light of new information or future events. For any
forward-looking statements contained in this or any other document, we claim the
protection of the safe harbor for forward-looking statements contained in the
Private Securities Litigation Reform Act of 1995, and we assume no obligation to
update any such statement.