Form 8-K

8-K — Garrett Motion Inc.

Accession: 0000950142-26-001458

Filed: 2026-05-20

Period: 2026-05-18

CIK: 0001735707

SIC: 3714 (MOTOR VEHICLE PARTS & ACCESSORIES)

Item: Entry into a Material Definitive Agreement

Item: Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant

Item: Regulation FD Disclosure

Item: Financial Statements and Exhibits

Documents

8-K — eh260781731_8k.htm (Primary)

EX-10.1 — EXHIBIT 10.1 (eh260781731_ex1001.htm)

EX-99.1 — EXHIBIT 99.1 (eh260781731_ex9901.htm)

EX-99.2 — EXHIBIT 99.2 (eh260781731_ex9902.htm)

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UNITED STATES

SECURITIES AND EXCHANGE

COMMISSION

Washington, D.C.

20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13

or 15(d)

of the Securities

Exchange Act of 1934

Date of Report

(Date of earliest event reported): May 18, 2026

GARRETT MOTION INC.

(Exact name of Registrant

as specified in its charter)

Delaware

1-38636

82-4873189

(State or other jurisdiction of

incorporation)

(Commission

File Number)

(I.R.S. Employer

Identification Number)

47548 Halyard Drive, Plymouth, MI 48170

and

La Pièce 16, 1180 Rolle, Switzerland

(Address of principal executive offices) (Zip Code)

+1 734 392 5500

and

+41 21 695 30 00

(Registrant’s telephone

number, including area code)

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K

filing is intended to simultaneously satisfy the filing obligation of the Registrant under any of the following provisions:

☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities

registered pursuant to Section 12(b) of the Act:

Title of each class

Trading

Symbol(s)

Name of each exchange

on which registered

Common

Stock, $0.001 par value per share

GTX

The

Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is

an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2

of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging

growth company ☐

an emerging growth company, indicate by check mark if the Registrant has elected not to use the extended transition period for complying

with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 1.01

Entry into a Material Definitive Agreement

On May 18, 2026, Garrett Motion

Inc. (the “Company”) entered into Amendment No. 2 (the “Second Amendment”) to that certain Amended and Restated

Credit Agreement, dated as of January 30, 2025, by and among the Company, Garrett Motion Holdings Inc., Garrett LX I S.à r.l., Garrett

Motion Sàrl, the lenders and issuing banks party thereto, and JPMorgan Chase Bank, N.A., as administrative agent (as amended, the

“Credit Agreement,” and as further amended by the Second Amendment, the “Amended Credit Agreement”).

Among other things, the Second Amendment

(i) reduces the Applicable Rate (as defined in the Amended Credit Agreement) applicable to the U.S. Dollar term loan facility to 1.75%

for Term Benchmark Loans (as defined in the Amended Credit Agreement) and 0.75% for ABR Loans (as defined in the Amended Credit Agreement)

and (ii) resets the soft call protection of 1.00% for certain repricing transactions applicable to the U.S. Dollar term loan facility

for six months after the effective date of the Second Amendment. The other material terms of the Credit Agreement remain unchanged.

The

description of the Second Amendment contained in this Item 1.01 does not purport to be complete and is subject to, and qualified in its

entirety by, the full text of the Second Amendment which is attached hereto as Exhibit 10.1 and is incorporated by reference herein.

Item 2.03

Creation of a Direct Financial Obligation or an Obligation Under an Off-Balance Sheet Arrangement of a Registrant.

The information set forth under Item 1.01 is

hereby incorporated by reference in response to this Item.

Item 7.01

Regulation FD Disclosure.

On May 20, 2026, the Company

will hold a live Technology and Investor Day, during which it will provide information to investors about the Company and its various

lines of business and technologies. Materials to be used in conjunction with the event are furnished as Exhibit 99.2 to this Current Report

on Form 8-K.

The information in this Item

7.01 and Exhibit 99.2 of this Current Report on Form 8-K shall not be deemed “filed” for purposes of Section 18 of the Securities

Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall

it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly

set forth by specific reference in such a filing.

Item 9.01

Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.

Document Description

10.1

Second Amendment, dated as of May 18, 2026, to Amended and Restated Credit Agreement, dated as of January 30, 2025, among Garrett Motion Inc., Garrett LX I S.à r.l., Garrett Motion Holdings, Inc., Garrett Motion Sàrl, the lenders and issuing banks party thereto and JPMorgan Chase Bank, N.A., as administrative agent.

99.1

Press release of Garrett Motion, Inc., dated May 18, 2026.

99.2

Technology and Investor Day Presentation.

104

Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the

registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

GARRETT MOTION INC.

By:

/s/ Sean Deason

Name:

Sean Deason

Title:

Senior Vice President and Chief Financial Officer

Date: May 20, 2026

EX-10.1 — EXHIBIT 10.1

EX-10.1

Filename: eh260781731_ex1001.htm · Sequence: 2

EXHIBIT 10.1

Execution Version

AMENDMENT NO. 2

TO AMENDED AND RESTATED CREDIT AGREEMENT

Dated as of May 18,

2026

among

GARRETT MOTION INC.,

as Holdings,

GARRETT LX I S.À R.L.,

as Lux Borrower,

GARRETT MOTION HOLDINGS INC.,

as U.S. Co-Borrower,

GARRETT MOTION SÀRL,

as Swiss Borrower,

The Issuing Banks,

The Lenders Party Hereto,

and

JPMORGAN CHASE BANK, N.A.,

as Administrative Agent

___________________________

AMENDMENT NO. 2

TO AMENDED AND RESTATED CREDIT

AGREEMENT

This

AMENDMENT NO. 2 to Amended and Restated Credit Agreement (this “Amendment”),

dated as of May 18, 2026, by and among GARRETT MOTION INC., a Delaware corporation (“Holdings”),

GARRETT LX I S.à r.l., a private limited liability company (société à responsabilité limitée)

incorporated and existing under the laws of the Grand Duchy of Luxembourg with registered office at 9, rue de Bitbourg, L-1273 Luxembourg,

Grand Duchy of Luxembourg and registered with the Luxembourg Trade and Companies’ Register under number B225642 (the “Lux

Borrower”), GARRETT MOTION HOLDINGS INC., a Delaware corporation (the “U.S.

Co-Borrower” and, together with the Lux Borrower, the “Term Borrowers”),

GARRETT MOTION Sàrl (f/k/a Honeywell Technologies Sàrl), a limited liability company (société à

responsabilité limitée) organized under the laws of Switzerland (the “Swiss Borrower”

and, together with the Term Borrowers, the “Borrowers”), JPMORGAN CHASE BANK,

N.A., as Administrative Agent (in such capacity, the “Administrative Agent”),

each Consenting Lender (as defined below) party hereto, the Replacement Lender (as defined below), each Revolving Lender and each Issuing

Bank. Capitalized terms used herein (including the preamble and preliminary statements hereof) but not defined herein shall have the meanings

assigned to such terms in the Amended Credit Agreement (as defined below).

PRELIMINARY STATEMENTS:

(1) WHEREAS,

Holdings, the Borrowers, the Lenders and Issuing Banks party thereto from time to time and the Administrative Agent are party to that

certain Amended and Restated Credit Agreement, dated as of January 30, 2025 (as

amended by that certain Amendment No. 1 to Amended and Restated Credit Agreement, dated as of August 6, 2025, and as further amended,

restated, supplemented, waived or otherwise modified from time to time prior to the date hereof, the “Existing Credit Agreement”);

(2) WHEREAS,

the Borrowers have requested an amendment to the Existing Credit Agreement that would (w) decrease the Applicable Rate with respect to

the Existing Dollar Initial Term Loans (as defined below) in accordance with Section 9.02(b)(ii) of the Credit Agreement (the “Term

Loan Repricing”), (x) decrease the Applicable Rate with respect to the Existing Revolving Loans (as defined below) in accordance

with Section 9.02(b)(ii) of the Existing Credit Agreement (the “Revolver Repricing”), (y) reset the time period

set forth in Section 2.11(h) of the Existing Credit Agreement in accordance with Section 9.02(b) of the Existing Credit Agreement (the

“Soft-Call Reset”) and (z) make certain other changes to the Existing Credit Agreement to effect the Term Loan

Repricing and the Revolver Repricing (the “Other Amendments”).

WHEREAS, the Term Borrowers

have requested that the Dollar Initial Term Lenders holding Dollar Initial Term Loans outstanding under the Existing Credit Agreement

immediately prior to the Second Amendment Effective Date (as defined below) (the “Existing Dollar Initial Term Loans”)

agree to amend certain provisions of the Existing Credit Agreement to effect the Term Loan Repricing, the Soft-Call Reset and the Other

Amendments as provided for herein (the Existing Dollar Initial Term Loans as so amended by this Amendment, the “Amended Dollar

Initial Term Loans”), and each Dollar Initial Term Lender who provides a signature page (each, a “Consent”)

to this Amendment substantially in the form of Exhibit A hereto (each, a “Consenting Lender” and collectively,

the “Consenting Lenders”) (such Consenting Lenders constituting at least a Majority in Interest of the Existing

Dollar Initial Term Loans) thereby (x) consents to this Amendment and the Amended Credit Agreement (for the avoidance of doubt, including

the Term Loan Repricing, the Soft-Call Reset and the Other Amendments) and (y) (A) if it elects the “Cashless Consent Option”

thereunder (the “Cashless Consent Option” and the Consenting Lenders that make such election, the “Cashless

Consenting Lenders”), agrees to continue to hold 100% of the

outstanding principal amount of its Existing

Dollar Initial Term Loans (or such lesser principal amount allocated to it by the Second Amendment Lead

Arranger (as defined below), in its sole discretion) in the form of Amended Dollar Initial Term Loans, effective as of the Second Amendment

Effective Date and (B) if it elects the “Assign and Reallocation Consent Option” thereunder (the “Assign and Reallocation

Consent Option” and the Consenting Lenders that make such election, the “Reallocated Consenting Lenders”),

agrees to (i) assign 100% of the outstanding principal amount of its Existing Dollar Initial Term Loans to the Replacement Lender on the

Second Amendment Effective Date and (ii) purchase by assignment (or cause one or more of its Affiliates to purchase by assignment) from

the Replacement Lender a like principal amount (or such lesser principal amount allocated to it or its Affiliate by the Second Amendment

Lead Arranger, in its sole discretion) of Amended Dollar Initial Term Loans;

(3) WHEREAS,

pursuant to Section 9.02(c) of the Existing Credit Agreement, the Borrowers may, with respect to any Non-Consenting Lender (as defined

below) holding Existing Dollar Initial Term Loans, cause such Non-Consenting Lender to assign all of its Existing Dollar Initial Term

Loans to one or more assignees;

(4) WHEREAS,

each Dollar Initial Term Lender who has not provided a Consent to the Administrative Agent prior to 5:00 p.m. (New York City time) on

May 13, 2026 (each, a “Non-Consenting Lender” and, collectively, the “Non-Consenting Lenders”)

shall assign all of its Existing Dollar Initial Term Loans to the Replacement Lender (as defined below) and the Replacement Lender shall

become the Term Lender under the Amended Credit Agreement with respect to all such Existing Dollar Initial Term Loans of Non-Consenting

Lenders, in each case in accordance with Section 9.02(c) of the Existing Credit Agreement;

(5) WHEREAS,

the Swiss Borrower has requested that the Revolving Lenders holding Revolving Commitments and/or Revolving Loans under the Existing Credit

Agreement immediately prior to the Second Amendment Effective Date (such Revolving Commitments, the “Existing Revolving Commitments”

and such Revolving Loans, the “Existing Revolving Loans”) agree to amend certain provisions of the Existing

Credit Agreement to effect the Revolver Repricing and the Other Amendments as provided for herein (the Existing Revolving Commitments

and Existing Revolving Loans as so amended by this Amendment, the “Amended Revolving Commitments” and the “Amended

Revolving Loans”, respectively), and each Revolving Lender and Issuing Bank party to this Amendment (which constitute all

of the Revolving Lenders and Issuing Banks under the Existing Credit Agreement immediately prior to giving effect to this Amendment on

the Second Amendment Effective Date) hereby consents to this Amendment and the Amended Credit Agreement;

(6) WHEREAS,

the Borrowers, Holdings, each Revolving Lender, each Issuing Bank, the Consenting Lenders, the Replacement Lender and the Administrative

Agent have agreed, on the terms and conditions set forth herein, to amend the Existing Credit Agreement as set forth herein; and

(7) WHEREAS,

JPMorgan Chase Bank, N.A. (“Second Amendment Lead Arranger”), RBC Capital Markets, Goldman Sachs Bank USA, BNP

Paribas Securities Corp., Morgan Stanley Senior Funding, Inc., Deutsche Bank Securities Inc., Fifth Third Bank, National Association,

UniCredit Bank GMBH New York Branch, PNC Capital Markets LLC and KeyBanc Capital Markets Inc. will each act as a joint lead arranger and

joint bookrunner for this Amendment (in such capacities, including JPMorgan Chase Bank, N.A. in its capacity as Second Amendment Lead

Arranger, collectively, the “Second Amendment Arrangers”).

NOW, THEREFORE, in consideration

of the mutual agreements herein contained and other good and valuable consideration, the sufficiency and receipt of which are hereby acknowledged,

and subject to the conditions set forth herein, the parties hereto hereby agree as follows:

section

Consents and Assignments.

(a)

Notwithstanding anything set forth in the Existing Credit Agreement or the Amended Credit Agreement to the contrary, in lieu of

delivering an Assignment and Assumption, (i) each Non-Consenting Lender and each Reallocated Consenting Lender, upon receipt of payment

in cash of an amount equal to the aggregate principal amount of its respective Existing Dollar Initial Term Loans, accrued interest thereon,

accrued fees and all other amounts payable to it under the Existing Credit Agreement, hereby automatically and irrevocably, without any

further action on the part of such Non-Consenting Lender or such Reallocated Consenting Lender (as applicable), sells, delegates and assigns,

without recourse, all of its respective Existing Dollar Initial Term Loans and all interests, rights and obligations under the Existing

Credit Agreement and the other Loan Documents with respect to such Existing Dollar Initial Term Loans (each, an “Assigned

Interest”) to JPMorgan Chase Bank, N.A. (in such capacity the “Replacement Lender”) and (ii) the

Replacement Lender hereby agrees to assume such Assigned Interest from (A) each such Non-Consenting Lender and to purchase, at par, Existing

Dollar Initial Term Loans (after giving effect to the Term Loan Prepayment (as defined below)) in the aggregate principal amount for all

Non-Consenting Lenders set forth on Schedule 1-A hereto and (B) each such Reallocated Consenting Lender and to purchase, at par,

Existing Dollar Initial Term Loans (after giving effect to the Term Loan Prepayment) in the aggregate principal amount for all Reallocated

Consenting Lenders set forth on Schedule 1-B hereto, in each case, on the terms and conditions set forth in the Standard Terms

and Conditions attached as Annex 1 to Exhibit A of the Existing Credit Agreement (Form of Assignment and Assumption), which terms

and conditions are incorporated by reference herein mutatis mutandis (collectively, the “Omnibus Assignment and Acceptance”),

and, accordingly, no other action by the Lenders, the Administrative Agent or the Loan Parties shall be required in connection therewith.

The Dollar Initial Term Lenders party hereto (including each of the Consenting Lenders) hereby agree to waive any notice requirements

of the Existing Credit Agreement in connection with the Omnibus Assignment and Acceptance and, for the avoidance doubt, each party hereto

(to the extent having a consent right thereto under the Existing Credit Agreement or the Amended Credit Agreement) hereby consents to

(x) the assignment of the Non-Consenting Lenders’ and Reallocated Consenting Lenders’ respective Existing Dollar Initial Term

Loans to the Replacement Lender pursuant to such Omnibus Assignment and Acceptance in all respects and (ii) in the event that the Term

Borrowers and the Second Amendment Lead Arranger agree to allocate any Cashless Consenting Lender a principal amount of the Amended Dollar

Initial Term Loans that is less than the principal amount of Existing Dollar Initial Term Loans held by such Cashless Consenting Lender

immediately prior to the Second Amendment Effective Date, the assignment by certain of the Cashless Consenting Lenders of all or a portion

of their Existing Dollar Initial Term Loans to the Replacement Lender;

(b)

On the Second Amendment Effective Date, the respective Existing Dollar Initial Term Loans of the Non-Consenting Lenders and the

Reallocated Consenting Lenders shall become Amended Dollar Initial Term Loans of the Replacement Lender.

(c)

The Replacement Lender hereby consents to this Amendment and the terms of the Amended Credit Agreement (for the avoidance of doubt,

including the Term Loan Repricing, the Soft-Call Reset and the Other Amendments).

(d)

The Administrative Agent hereby (i) consents to this Amendment and (ii) agrees that no assignment fee specified in Section 9.04(b)(ii)

of the Existing Credit Agreement shall be required to be paid by the Borrowers in connection with the assignments described in Section

1(a).

(e)

For the avoidance of doubt, all Existing Dollar Initial Term Loans (other than those prepaid pursuant to the Term Loan Prepayment)

shall continue to be outstanding as Amended Dollar Initial Term Loans under the Amended Credit Agreement on and after the Second Amendment

Effective Date, subject to the terms of this Amendment, and for the avoidance of doubt the Amended Dollar Initial Term Loans

shall continue as the same Class of Term Loans

as the Existing Dollar Initial Term Loans for all purposes under the Amended Credit Agreement.

(f)

The Revolving Lenders and Issuing Banks party hereto (which constitute all of the Revolving Lenders and Issuing Banks under the

Existing Credit Agreement immediately prior to giving effect to this Amendment on the Second Amendment Effective Date) hereby consent

to this Amendment and the terms of the Amended Credit Agreement (for the avoidance of doubt, including the Revolver Repricing and the

Other Amendments).

(g)

The (i) Amended Revolving Loans shall constitute “Revolving Loans” and “Loans” for all purposes of the

Amended Credit Agreement and the other Loan Documents and (ii) the Amended Revolving Commitments shall constitute “Revolving Commitments”

and “Commitments” for all purposes of the Amended Credit Agreement and the other Loan Documents.

section

2. Amendments

and Acknowledgement.

The Existing

Credit Agreement is, effective as of the Second Amendment Effective Date (immediately after giving effect to the Term Loan Prepayment),

hereby amended as follows (the Existing Credit Agreement, as so amended, the “Amended Credit Agreement”):

(a)

Section 1.01 of the Existing Credit Agreement is hereby amended by inserting the following new definitions in appropriate alphabetical

order:

““Second Amendment” means that certain

Amendment No. 2 to Amended and Restated Credit Agreement, dated as of the Second Amendment Effective Date, among the Borrowers, Holdings,

the Administrative Agent, Issuing Banks and the Lenders party thereto.”

““Second Amendment Effective Date”

means May 18, 2026.”

(b)

clause (a) of the definition of “Applicable Rate” set forth in Section 1.01 of the Existing Credit Agreement is hereby

amended and restated as follows:

“(a) with respect to any Loan that is a Dollar Initial

Term Loan on or after the Second Amendment Effective Date, 1.75% per annum in the case of Term Benchmark Loans and 0.75% per annum in

the case of ABR Loans; and”;

(c)

clause (b) of the definition of “Applicable Rate” set forth in Section 1.01 of the Existing Credit Agreement is hereby

amended and restated as follows:

“with respect

to (i) any Loan that is a Revolving Loan on or after the Second Amendment Effective Date and (ii) the commitment fees payable hereunder

in respect of unused Revolving Commitments after the Restatement Effective Date, the applicable rate per annum set forth in the table

below in the “Revolving Loans that are Term Benchmark Loans”, “Revolving Loans that are EURIBOR Loans”, “Revolving

Loans that are RFR Loans”, “Revolving Loans that are ABR Loans” or “Commitment Fee” columns, as applicable,

based upon the Consolidated First Lien Leverage Ratio as of the end of the fiscal quarter of Holdings for which consolidated financial

statements have most recently been delivered to the Administrative Agent pursuant to Section 5.01(a) or 5.01(b); provided that

until

the delivery of such consolidated financial

statements as of and for the first fiscal quarter of Holdings beginning after the Second Amendment Effective Date, the Applicable Rate

shall be that set forth below in Level I:

Level

Consolidated

First Lien

Leverage

Ratio

Revolving

Loans that

are Term

Benchmark

Loans

Revolving

Loans that

are

EURIBOR

Loans

Revolving Loans

that are RFR

Loans

denominated in

Sterling

Revolving

Loans that

are RFR

Loans

denominated

in Swiss

Franc

Revolving

Loans that

are ABR

Loans

Commitment

Fee

≥ 1.85 to 1.00

1.75%

2.00%

1.7826%

1.75%

0.75%

0.50%

≥ 1.35 to 1.00 and

< 1.85 to 1.00

1.50%

1.75%

1.5326%

1.50%

0.50%

0.375%

III

< 1.35 to 1.00

1.25%

1.50%

1.2826%

1.25%

0.25%

(d)

the definition of “Arrangers” set forth in Section 1.01 of the Existing Credit Agreement is hereby amended and restated

as follows:

““Arrangers” means,

collectively, (i) JPMorgan Chase Bank, N.A., RBC Capital Markets, Goldman Sachs Bank USA, BNP Paribas Securities Corp., Deutsche Bank

Securities Inc., Fifth Third Bank, National Association, PNC Capital Markets LLC and KeyBanc Capital Markets Inc., (ii) each First Amendment

Arranger under and as defined in the First Amendment, (iii) each Second Amendment Arranger under and as defined in the Second Amendment

and (iv) each Arranger under and as defined in the Original Credit Agreement, in their capacities as joint lead arrangers and joint bookrunners

for the credit facilities provided for herein.

(e)

the definition of “Loan Documents” set forth in Section 1.01 of the Existing Credit Agreement is hereby amended and

restated as follows:

““Loan

Documents” means this Agreement, the Restatement Agreement, the First Amendment, the Second Amendment, any Incremental Facility

Agreement, any Refinancing Facility Agreement, any Security Document, any Acceptable Intercreditor Agreement, if any is entered into,

the Global Intercompany Note, any agreement designating an additional Issuing Bank as contemplated by Section 2.05(k) and, except for

purposes of Section 9.02, any promissory notes delivered pursuant to Section 2.09(d) (and, in each case, any amendment, restatement, waiver,

supplement or other modification to any of the foregoing) and any document designated as a Loan Document by the Administrative Agent and

the Swiss Borrower.”

(f)

subclause (i) of Section 2.11(h) of the Existing Credit Agreement is hereby amended and restated as follows:

“(i) prepayments of Dollar Initial Term Loans effected

on or prior to the six-month anniversary of the Second Amendment Effective Date with the proceeds of a Repricing Transaction in respect

of such Dollar Initial Term Loans”; and

(g)

subclause (ii) of Section 2.11(h) of the Existing Credit Agreement is hereby amended and restated as follows:

“(ii) amendments, amendments and restatements or other

modifications of this Agreement on or prior to the six-month anniversary of the Second Amendment Effective Date, the effect of which is

a Repricing Transaction with respect to any of the Dollar Initial Term Loans”.

The parties hereto acknowledge and agree that the

Term Loan Repricing contemplated hereby will be effected immediately after giving effect to the Term Loan Prepayment.

section

3. Representations

of the Loan Parties. Each Loan Party party hereto hereby represents and warrants to the other parties hereto on and as of the Second

Amendment Effective Date that:

(a)

this Amendment has been duly authorized, executed and delivered by each such Loan Party and constitutes a legal, valid and binding

obligation of each such Loan Party enforceable against each such Loan Party in accordance with its terms, subject to (i) the effects of

bankruptcy, insolvency, moratorium, reorganization, fraudulent conveyance or other similar laws affecting creditors’ rights generally,

(ii) general principles of equity (regardless of whether such enforceability is considered in a proceeding in equity or at law), (iii)

implied covenants of good faith and fair dealing, (iv) any foreign laws, rules and regulations as they relate to pledges of Equity Interests

of Foreign Subsidiaries that are not Loan Parties and (v) any other matters which are set out as qualifications or reservations as to

matters of law of general application in any legal opinion supplied to the Administrative Agent;

(b)

the representations and warranties of each Loan Party set forth in the Loan Documents shall be true and correct in all material

respects (or, in the case of representations and warranties qualified as to materiality or Material Adverse Effect, in all respects) on

and as of the Second Amendment Effective Date, except in the case of any such representation and warranty that expressly relates to a

prior date, in which case such representation and warranty shall be true and correct in all material respects (or in all respects, as

applicable) as of such earlier date; and

(c)

no Default or Event of Default shall have occurred and be continuing as of the Second

Amendment Effective Date or shall result from the transactions contemplated by this Amendment.

section

4. Conditions

of Effectiveness. This Amendment shall become effective on the date (such date, the “Second Amendment Effective Date”)

on which the following conditions shall have been satisfied:

(a)

The Administrative Agent (or its counsel) shall have received from (1) each Consenting Lender (constituting holders of at least

a Majority in Interest of the Existing Dollar Initial Term Loans) by the Consent Deadline, (2) each Revolving Lender and each Issuing

Bank, (3) the Replacement Lender, (4) Holdings and (5) each Borrower, either (x) a counterpart of this Amendment signed on behalf

of such party, (y) written evidence reasonably satisfactory to the Administrative Agent (which may include delivery of a signed signature

page of this Amendment by facsimile or other means of electronic transmission (e.g., “pdf”)) that such party has signed a

counterpart of this Amendment or (z)

solely in the case of a Consenting Lender, a Consent hereto executed on behalf of such Consenting Lender.

(b)

Each Non-Consenting Lender shall have been replaced (or substantially concurrently with the effectiveness of this Amendment shall

be replaced) in accordance with Section 9.02(c) of the Existing Credit Agreement and pursuant to Section 1.

(c)

The Administrative Agent shall have received from the Term Borrowers, in immediately available funds, for pro rata distribution

to each Dollar Initial Term Lender, (i) $50,0000 in order to voluntarily prepay a like principal amount of Existing Dollar Initial Terms

Loans (the “Term Loan Prepayment”) and (ii) the full amount of all accrued and unpaid interest and fees

to, but excluding, the Second Amendment Effective Date, on all Existing Dollar Initial Term Loans of such Dollar Initial Term Lender outstanding

immediately prior to the occurrence of the Second Amendment Effective Date.

(d)

The representations and warranties of each Loan Party set forth in Section 3 hereof and in the other Loan Documents shall

be true and correct in all material respects (or, in the case of representations and warranties qualified as to materiality or Material

Adverse Effect, in all respects) on and as of the Second Amendment Effective Date, except in the case of any such representation and warranty

that expressly relates to a prior date, in which case such representation and warranty shall be true and correct in all material respects

(or in all respects, as applicable) as of such earlier date.

(e)

No Default or Event of Default shall have occurred and be continuing as of the Second

Amendment Effective Date or shall result from the transactions contemplated by this Amendment.

(f)

The Administrative Agent shall have received a certificate from a Financial Officer of Holdings,

dated as of the Second Amendment Effective Date, confirming compliance with the conditions

set forth in Sections 4(d) and (e).

(g)

The Administrative Agent shall have received all fees

and expenses payable thereto and to the Second Amendment Lead Arranger on or prior to the Second Amendment Effective Date, including,

to the extent invoiced at least two (2) Business Days prior to the Second Amendment Effective Date, reimbursement or payment of all reasonable

and documented out-of-pocket expenses (including fees, charges and disbursements of counsel) required to be reimbursed or paid by the

Loan Parties hereunder, under the Engagement Letter, dated as of May 11, 2026, by and between Holdings and the Second Amendment Lead Arranger

or under any other Loan Document on or prior to the Second Amendment Effective Date.

(h)

The Administrative Agent, each Consenting Lender, each Revolving Lender, each Issuing Bank and the Replacement Lender shall have

received, at least three (3) Business Days prior to the Second Amendment Effective Date, all documentation and other information about

the Borrowers and the Guarantors that shall have been reasonably requested by such Person in writing at least ten (10) Business Days prior

to the Second Amendment Effective Date and that such Person reasonably determines is required by regulatory authorities under applicable

“know your customer” and anti-money laundering rules and regulations, including without limitation the USA PATRIOT Act including,

if any Borrower qualifies as a “legal entity customer” under the Beneficial Ownership Regulation, a Beneficial Ownership Certification

in relation to such Borrower (provided that, upon the execution and delivery by such Lender of its signature page to this Amendment,

the conditions set forth in this clause (h) shall be deemed to be satisfied).

section

Consent and Affirmation of Loan Parties.

Each of the Loan Parties party hereto, in its capacity as a guarantor under the Guarantee Agreement and a pledgor under the other Security

Documents to which it is a party, hereby (i) consents to the execution, delivery and performance of this Amendment and agrees that each

of the Guarantee Agreement and the Security Documents to which it is a party is, and shall continue to be, in full force and effect and

is hereby in all respects ratified and confirmed on the Second Amendment Effective Date, except that, on and after the Second Amendment

Effective Date, each reference to “Credit Agreement,” “thereunder,” “thereof” or words of like import

shall, unless the context otherwise requires, mean and be a reference to the Amended Credit Agreement, and (ii) confirms that, notwithstanding

the effectiveness of the terms hereof, the Security Documents to which such Loan Party is a party and all of the Liens on the Collateral

described therein remain in full force and effect, are not released or reduced and do, and shall continue to, secure the payment of all

of the Obligations (including the Amended Dollar Initial Term Loans, the Amended Revolving Commitments and the Amended Revolving Loans).

section

6. Reference

to and Effect on the Loan Documents.

(a)

From and after the Second Amendment Effective Date, each reference in the Credit Agreement to “hereunder,” “hereof,”

“this Agreement” or words of like import and each reference in the other Loan Documents to “Credit Agreement,”

“thereunder,” “thereof” or words of like import shall, unless the context otherwise requires, mean and be a reference

to the Amended Credit Agreement. From and after the Second Amendment Effective Date, this Amendment shall be a “Loan Document”

under the Existing Credit Agreement and the Amended Credit Agreement.

(b)

The Security Documents and each other Loan Document, as specifically amended by this Amendment, are and shall continue to be in

full force and effect and are hereby in all respects ratified and confirmed, and the respective guarantees, pledges, grants of security

interests and other agreements, as applicable, under each of the Security Documents, notwithstanding the consummation of the transactions

contemplated hereby, shall continue to be in full force and effect and shall accrue to the benefit of the Secured Parties under the Existing

Credit Agreement and the Amended Credit Agreement. Without limiting the generality of the foregoing, the Security Documents and all of

the Collateral described therein do and shall continue to secure the payment of all Obligations (including the Amended Dollar Initial

Term Loans, the Amended Revolving Commitments and the Amended Revolving Loans) of the Loan Parties under the Loan Documents, in each case,

as amended by this Amendment.

(c)

The execution, delivery and effectiveness of this Amendment shall not, except as expressly provided herein, operate as a waiver

of any right, power or remedy of any Lender, Issuing Bank or the Administrative Agent under any of the Loan Documents, nor constitute

a waiver of any provision of any of the Loan Documents.

section

7. Execution

in Counterparts. This Amendment may be executed in one or more counterparts, each of which shall be deemed an original, but all of

which together shall constitute one and the same instrument. Delivery of an executed counterpart of a signature page of this Amendment

by telecopy, emailed .pdf or any other electronic means that reproduces an image of the actual executed signature page shall be effective

as delivery of a manually executed counterpart of this Amendment. The words “execution,” “signed,” “signature,”

“delivery,” and words of like import in or relating to any document to be signed in connection with this Amendment and the

transactions contemplated hereby shall be deemed to include Electronic Signatures, deliveries or the keeping of records in electronic

form, each of which shall be of the same legal effect, validity or enforceability as a manually executed signature, physical delivery

thereof or the use of a paper-based recordkeeping system, as the case may be, to the extent and as provided for in any applicable law,

including the Federal Electronic Signatures in Global and National Commerce Act, the New York State Electronic Signatures and Records

Act, or any other similar state laws

based on the Uniform Electronic Transactions

Act; provided that nothing herein shall require the Administrative

Agent to accept electronic signatures in any form or format without its prior written consent.

section

8. Amendments;

Headings; Severability. This Amendment may not be amended nor may any provision hereof be waived except pursuant to a writing signed

by Holdings, the Borrowers, the Administrative Agent, the Issuing Banks and the Lenders party hereto. The Section headings used herein

are for convenience of reference only, are not part of this Amendment and are not to affect the construction of, or to be taken into consideration

in interpreting this Amendment. Any provision of this Amendment held to be invalid, illegal or unenforceable in any jurisdiction shall,

as to such jurisdiction, be ineffective to the extent of such invalidity, illegality or unenforceability without affecting the validity,

legality and enforceability of the remaining provisions hereof, and the invalidity of a particular provision in a particular jurisdiction

shall not invalidate such provision in any other jurisdiction. The parties shall endeavor in good-faith negotiations to replace the invalid,

illegal or unenforceable provisions with valid provisions, the economic effect of which comes as close as possible to that of the invalid,

illegal or unenforceable provisions.

section

9. Governing

Law; Etc.

(a)

THIS AMENDMENT AND ANY CLAIMS, CONTROVERSY, DISPUTE OR CAUSES OF ACTION (WHETHER IN CONTRACT OR TORT OR OTHERWISE) BASED UPON,

ARISING OUT OF OR RELATING TO THIS AMENDMENT SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK,

WITHOUT REGARD TO ANY PRINCIPLE OF CONFLICTS OF LAW THAT COULD REQUIRE THE APPLICATION OF ANY OTHER LAW.

(b)

EACH PARTY HERETO HEREBY AGREES AS SET FORTH IN SECTIONS 9.09(b), (c) and (d) AND 9.10 OF THE AMENDED CREDIT AGREEMENT AS IF SUCH

SECTIONS WERE SET FORTH IN FULL HEREIN.

section

10. No Novation. This Amendment

shall not extinguish the obligations for the payment of money outstanding under the Existing Credit Agreement or discharge or release

the Lien or priority of any Security Document or any other security therefor. Nothing herein contained shall be construed as a substitution

or novation of the obligations outstanding under the Existing Credit Agreement or instruments securing the same, which shall remain in

full force and effect, except to the extent expressly modified hereby or by instruments executed concurrently herewith and except to the

extent repaid as provided herein. Nothing implied in this Amendment or in any other document contemplated hereby shall be construed as

a release or other discharge of any of the Loan Parties under any Loan Document from any of its obligations and liabilities as a borrower,

guarantor, grantor or pledgor under any of the Loan Documents.

section

11. Notices. All notices hereunder

shall be given in accordance with the provisions of Section 9.01 of the Amended Credit Agreement.

section

12. Second Amendment Arrangers.

Notwithstanding any other provision of this Amendment, the Existing Credit Agreement, the Amended Credit Agreement or any other Loan Document,

each Second Amendment Arranger is named as such for recognition purposes only, and in its capacity as such shall have no powers, duties,

responsibilities or liabilities with respect to this Amendment, the Existing Credit Agreement, the Amended Credit Agreement or the other

Loan Documents or the transactions contemplated hereby and thereby; it being understood and agreed that each Second Amendment Arranger

shall be entitled to all indemnification, exculpation and reimbursement rights in favor of the Arrangers as, and to the extent, provided

for under Sections 8.01(h) and 9.03 of the Amended Credit Agreement. Without

limitation of the foregoing, each Second

Amendment Arranger shall not, solely by reason of this Amendment, the Amended Credit Agreement or any other Loan Documents, have any fiduciary

relationship in respect of any Lender or any other Person and to the fullest extent permitted by law, each of the Borrowers and Holdings

hereby waives and releases any claims that it may have against the Second Amendment Arrangers with respect to any breach or alleged breach

of agency or fiduciary duty in connection with any aspect of any transactions contemplated hereby.

[Signature

Pages Follow]

IN WITNESS WHEREOF, the parties

hereto have caused this Amendment to be executed by their respective officers thereunto duly authorized, as of the date first above written.

GARRETT MOTION INC., as Holdings

By:

/s/ Sean Deason

Name:

Sean Deason

Title:

Chief Financial Officer

GARRETT LX I S.à r.l, as the Lux Borrower

By:

/s/ Patrick Michael Foley

Name:

Patrick Michael Foley

Title:

Class A Manager and Authorized Signatory

GARRETT MOTION HOLDINGS INC., as the U.S. Co-Borrower

By:

/s/ Patrick Michael Foley

Name:

Patrick Michael Foley

Title:

Secretary and Director

GARRETT MOTION Sàrl, as the Swiss Borrower

By:

/s/ Cyril Grandjean

Name:

Cyril Grandjean

Title:

Authorized Signatory

[Garrett Motion – Signature Page to Amendment No. 2]

JPMORGAN CHASE BANK, N.A., as the Administrative Agent

By:

/s/ James Shender

Name:

James Shender

Title:

Managing Director

JPMORGAN CHASE BANK, N.A., as the Replacement Lender, a Revolving Lender and an Issuing Bank

By:

/s/ James Shender

Name:

James Shender

Title:

Managing Director

[Garrett Motion – Signature Page to Amendment No. 2]

Royal Bank of Canada, as a Revolving Lender and an Issuing Bank

By:

/s/ Sinan Tarlan

Name:

Sinan Tarlan

Title:

Authorized Signatory

[Garrett Motion – Signature Page to Amendment No. 2]

Goldman Sachs Bank USA, as a Revolving Lender and an Issuing Bank

By:

/s/ Thomas Manning

Name:

Thomas Manning

Title:

Authorized Signatory

[Garrett Motion – Signature Page to Amendment No. 2]

BNP Paribas, as a Revolving Lender and an Issuing Bank

By:

/s/ James McHale

Name:

James McHale

Title:

Managing Director

By:

/s/ Ainsley Nugent

Name:

Ainsley Nugent

Title:

Vice President

[Garrett Motion – Signature Page to Amendment No. 2]

Morgan Stanley Senior Funding Inc., as a Revolving Lender and an Issuing Bank

By:

/s/ Margaret Stock

Name:

Margaret Stock

Title:

Vice President

[Garrett Motion – Signature Page to Amendment No. 2]

Deutsche Bank AG New York Branch, as a Revolving Lender and an Issuing Bank

By:

/s/ Philip Tancorra

Name:

Philip Tancorra

Title:

Director

By:

/s/ Suzan Onal

Name:

Suzan Onal

Title:

Director

[Garrett Motion – Signature Page to Amendment No. 2]

Fifth Third Bank, National Association, as a Revolving Lender and an Issuing Bank

By:

/s/ Martin Ryan

Name:

Martin Ryan

Title:

Director

[Garrett Motion – Signature Page to Amendment No. 2]

UBS Switzerland AG, as a Revolving Lender and an Issuing Bank

By:

/s/ Joël Maibach

Name:

Joël Maibach

Title:

Executive Director

By:

/s/ Jan Matthey

Name:

Jan Matthey

Title:

Executive Director

[Garrett Motion – Signature Page to Amendment No. 2]

UniCredit Bank GmbH, New York Branch, as a Revolving Lender

By:

/s/ Tom Taylor

Name:

Tom Taylor

Title:

Managing Director

By:

/s/ Simon Obexer

Name:

Simon Obexer

Title:

Associate Director

[Garrett Motion – Signature Page to Amendment No. 2]

PNC Bank, National Association, as a Revolving Lender and an Issuing Bank

By:

/s/ Greg Lewis

Name:

Greg Lewis

Title:

Vice President

[Garrett Motion – Signature Page to Amendment No. 2]

Keybank National Association, as a Revolving Lender and an Issuing Bank

By:

/s/ Amra Rausche

Name:

Amra Rausche

Title:

Senior Vice President

[Garrett Motion – Signature Page to Amendment No. 2]

EX-99.1 — EXHIBIT 99.1

EX-99.1

Filename: eh260781731_ex9901.htm · Sequence: 3

EXHIBIT

99.1

Garrett Motion announces partial repayment and successful

repricing of Term Loan

May 18, 2026

PLYMOUTH, Mich. and ROLLE, Switzerland, May 18, 2026

(GLOBE NEWSWIRE) -- Garrett Motion Inc. (Nasdaq: GTX) (“Garrett” or the “Company”), a global leader in differentiated

turbocharging and electrification technologies for mobility and industrial applications, today announced the successful repricing and

a $50M early repayment of its existing $635M term loan due in 2032.

Borrowings under the facility will bear interest at

the Secured Overnight Financing Rate (“SOFR”) plus 175 basis points per annum, which represents a 25-basis point reduction

from the existing facility.

“We are pleased to have completed the repricing

of our term loan, reflecting the strength of our financial profile and lender confidence in our long-term strategy,” said Olivier

Rabiller, President and CEO of Garrett. “The repricing will further reduce interest expense and strengthen liquidity.”

About Garrett Motion Inc.

A differentiated technology leader, Garrett Motion

has a 70-year history of innovation in the automotive sector (cars, trucks) and beyond (off-highway equipment, marine, power generators).

Its well-recognized expertise in turbocharging has enabled significant reductions in engine size, fuel consumption, and CO2 emissions.

Garrett is committed to advancing turbo applications while leveraging its unique technology solutions, such as fuel cell compressors

for hydrogen fuel cell vehicles, as well as electric propulsion and thermal management systems for automotive and industrial applications.

Garrett has six R&D centers, 13 manufacturing facilities, and a team of more than 8,700 employees in more than 20 countries. For

more information, please visit www.garrettmotion.com.

Forward-Looking Statements

This communication and related comments by

management may include “forward-looking statements” within the meaning of the U.S. federal securities laws.

Forward-looking statements are any statements other than statements of historical fact and can be identified by words such as

“anticipate,” “intend,” “plan,” “goal,” “seek,” “believe,”

“project,” “estimate,” “expect,” “strategy,” “future,”

“likely,” “may,” “should,” “will,” and similar expressions. Forward-looking

statements represent our current judgment about possible future activities, events, or developments that we expect may occur in the

future. In making these statements, we rely upon assumptions and analysis based on our experience and perception of historical

trends, current conditions, and expected future developments, as well as other factors we consider appropriate under the

circumstances. We believe these judgments are reasonable, but these statements are not guarantees of any future performance, events,

or results, and actual performance, events, or results may differ materially from those envisaged by our forward-looking statements

due to a variety of important factors, many of which are described in our most recent Annual Report on Form 10-K and our other

filings with the U.S. Securities and Exchange Commission (the “SEC”), including risks related to the automotive

industry, the competitive landscape and our ability to compete, and macroeconomic and geopolitical conditions, among others. You are

cautioned not to place undue reliance on forward-looking statements, which speak only as of the date they are made, and we undertake

no obligation to update publicly or otherwise revise any forward-looking statements, whether as a result of new information, future

events, or other factors that affect the subject of these statements, except where we are expressly required to do so by law.

Contacts:

INVESTOR RELATIONS

MEDIA

Cyril Grandjean

Fabrice Spenninck

+1 734 392 55 04

investorrelations@garrettmotion.com

MediaRelations@garrettmotion.com

EX-99.2 — EXHIBIT 99.2

EX-99.2

Filename: eh260781731_ex9902.htm · Sequence: 4

EXHIBIT 99.2

© 2026 Garrett Motion Inc. Forward - Looking Statements This presentation, as well as statements incorporated by reference herein and related comments by our management, contain for war d - looking statements within the meaning of the U.S. federal securities laws. All statements other than statements of historical fact, including, without limitation, statements regarding our future results of operations and financial position, expectatio ns regarding the growth of the turbocharger and electric vehicle markets and other industry trends, the sufficiency of our cash and cash equivalents, anticipated sources and uses of cash, anticipated investments in our business, our business strategy, pending li tig ation, anticipated interest expense, and the plans and objectives of management for future operations and capital expenditure s, are forward - looking statements. In many cases, you can identify forward - looking statements by terms such as “aim,” “anticipate,” “appears,” “approximately,” “believe,” “continue,” “could,” “designed,” “effect,” “estimate,” “evaluate,” “expect,” “forecast ,” “goal,” “initiative,” “intend,” “may,” “objective,” “outlook,” “plan,” “potential,” “priorities,” “project,” “pursue,” “seek,” “shoul d,” “target,” “when,” “will,” “would,” or the negative of these terms or other similar expressions. In making these forward - looking statements, we rely on our current expectations and projections about possible future events and financial trends that we believe may affect our bus iness, financial condition and results of operations. We believe these judgments are reasonable, but these statements are not guarantees of any future events or financial results, and our actual results may differ materially due to a variety of import ant factors, many of which are beyond our control. These factors include, among other things, risks related to the evolving autom ot ive industry generally; our strategy and growth prospects; macroeconomic and geopolitical uncertainty; recruitment, development, and retention of qualified personnel; our supply chain; economic, political, regulatory, foreign exchange and other risks of our international operations; protection of our intellectual property rights; warranty claims, product recalls, field actions or pro duct liability actions; environmental matters and liabilities; information technology and data privacy, including cybersecuri ty and other security concerns; and our capital structure. For a further discussion of these and other risks, refer to Part I, Item 1A. “R isk Factors” of our Annual Report on Form 10 - K (the “Form 10 - K”) and subsequent documents that we file with the U.S. Securities and Exchange Commission (“SEC”) from time - to - time. You should read the Form 10 - K and the documents that we reference therein complet ely and with the understanding that our actual future results may be materially different from those envisioned by these forward - looking statements. We qualify all of our forward - looking statements by this cautionary language. These forward - looking statements speak only as of the date of this document. Except as required by applicable law, we do not plan to publicly updat e o r revise any forward - looking statements contained herein, whether as a result of any new information, future events, changed circu mstances or otherwise. In particular, certain forward - looking statements included in this presentation include, without limitati on, financial projections, budgets, forecasts, and other estimates with respect to the anticipated performance of Garrett, includ ing future sales and growth projections (collectively, the “Projections”). The Projections include statements regarding the inten t, belief, or current expectations of Garrett and members of its management team, as well as the assumptions on which such statements ar e b ased. While presented with numeric specificity, the Projections have been prepared in good faith based upon assumptions that we believe to be reasonable as of the date of this presentation, it being understood that ( i ) the Projections are as to future events and are not to be viewed as facts, (ii) the Projections are subject to significant unc ertainties and contingencies, many of which are beyond our control, and (iii) no assurance can be given that any particular Projections will be realized and that a ctu al results during the period or periods covered by any such Projections may differ significantly from the projected results a nd such differences may be material. The Projections reflect both assumptions as to certain business decisions that are subject to ch ang e and, in many respects, subjective judgment, and thus are susceptible to multiple interpretations and periodic revisions bas ed on actual experience and business developments. In addition, the Projections were not prepared in accordance with generally acce pte d accounting principles in the United States ("GAAP") or any other applicable accounting principles. Further, since certain o f the Projections cover multiple years, such information by its nature becomes more speculative with each successive year. Each vi ewer of this presentation should carry out its own due diligence in connection with the assumptions contained herein. Non - GAAP Financial Measures This presentation includes the following Non - GAAP financial measures which are not calculated in accordance with GAAP: EBIT, Adj usted EBIT, Adjusted EBIT margin, Adjusted EBITDA, Adjusted EBITDA margin, Net Leverage Ratio, Adjusted free cash flow, Adjusted free cash flow conversion, Adjusted free cash flow yield, Consolidated EBITDA, Enterprise value to Adjusted EB IT, and Enterprise value to Adjusted EBITDA. The Non - GAAP financial measures provided herein are adjusted for certain items as presented in the Appendix and may not be directly comparable to similar measures used by other companies in our industry, as oth er companies may define such measures differently. Management believes that, when considered together with reported amounts, these measures are useful to investors and management in understanding our ongoing operations and analysis of ongoin g o perating trends. Garrett believes that the Non - GAAP measures presented herein are important indicators of operating performance because they exclude the effects of certain items, therefore making them more closely reflect our operational per for mance. These metrics should be considered in addition to, and not as replacements for, the most comparable GAAP measure. For additional information with respect to our Non - GAAP financial measures, see the Appendix to this presentation and our Form 1 0 - K. Certain guidance and projections provided herein are presented on a non - GAAP basis. Garrett does not provide reconciliations of such forward - looking non - GAAP measures to GAAP measures due to the inability to predict the amount and timing of impacts outside of our control on certain items, such as non - cash gains or losses resulting from mark - to - market adjustments of derivative instruments, among others, which could be material. Reconciling such items would require unreasonab le effort. Industry Information Market data and industry information used throughout this presentation are based on management's knowledge of the industry an d t he good faith estimates of management. Management also relied, to the extent available, upon management's review of independent industry surveys, publications, public documents of our competitors, and other publicly available information pre par ed by a number of third - party sources. All of the market data and industry and competitor information used in this presentation involves a number of assumptions and limitations, and you are cautioned not to give undue weight to such estimates. Although we believe that these sources are reliable, we cannot guarantee the accuracy or completeness of this information, and we have not independently verified this information. While we believe the estimated market position, market opportunity and market si ze information included in this presentation are generally reliable, such information, which is derived in part from management' s estimates and beliefs, is inherently uncertain and imprecise. No representations or warranties are made by Garrett or any of its affiliates as to the accuracy of any such statements or projections. Projections, assumptions, and estimates of our future performance and the future performance of the industry in which we operate are necessarily subject to a high degree of uncert ain ty and risk due to a variety of factors, including those described above. These and other factors could cause results to diff er materially from those expressed in our estimates and beliefs and in the estimates prepared by independent parties. Past Performance Past performance is not a reliable indicator of future results and should not be relied upon for any reason. 2

© 2026 Garrett Motion Inc. Today’s presenters President & Chief Executive Officer SVP & Chief Financial Officer SVP & Chief Technology Officer SVP Strategy & Advanced Technologies SVP Turbo Technologies SVP Aftermarket, Brazil, India Olivier Rabiller Sean Deason Craig Balis Nils Martens Mark Rodrigues Eric Fraysse 30 Years of Industry Experience 24 Years at Garrett / Honeywell 27 Years of Industry Experience 5 Years at Garrett 27 Years of Industry Experience 36 Years at Garrett / Honeywell 14 Years of Industry Experience 3 Years at Garrett 29 Years of Industry Experience 22 Years at Garrett / Honeywell 33 Years of Industry Experience 17 Years at Garrett / Honeywell VP Investor Relations & Treasurer Cyril Grandjean 16 Years of Industry Experience 8 Years at Garrett / Honeywell 3

© 2026 Garrett Motion Inc. Garrett: differentiated, superior performance ahead PRESENTER TOPIC TIMING START Breakfast 30 min 8: 30 am Cyril Grandjean Welcome to Garrett 90 min 9:00 am Olivier Rabiller Overview and road ahead Craig Balis Technology differentiation Nils Martens Zero Emission Technologies in mobility Nils Martens Industrial opportunity Mark Rodrigues Turbo leadership Eric Fraysse Aftermarket growth Break 15 min 1 0 : 3 0 am Sean Deason The Way Garrett delivers 45 min 10:45 am Olivier Rabiller Closing r emarks and Q&A Management Team Booth visits, Buffet lunch 2 hours 1 1:30 a m 4

© 2026 Garrett Motion Inc. High performance leader & innovation powerhouse Key 2025 figures #1 Global turbo player 1 >50% Win rate 2 of turbo business ~8,700 Employees 3 14.2% Adjusted EBIT margin 4 79% Adjusted Free Cash Flow conversion 4 1.92x Net leverage ratio 4 2.0% CAPEX % of sales 13 Manufacturing p lants 1 Turbo ranking based on 2025 results, as per management estimates 2 Reflects Garrett win rate on total turbo industry opportunities as of 12/31/2025 3 Includes approximately 6,300 permanent employees, 400 temporary employees and approximately 2,000 contract workers globally a s o f 12/31/2025 4 See appendix for reconciliations of Non - GAAP measures 2025 sales breakdown By geography By e nd - use 49% 29% 19% 3% Other Europe Asia North America Technology offerings Light Vehicle Diesel, Gas & Hybrid Two Stage Variable Nozzle Turbine (VNT) Wastegate E - Turbo E - Compressor Commercial Vehicle and Industrial Double Axle VNT Garrett MEG Wastegate E - Cooling Compressor Fuel Cell Compressor E - Powertrain Industrial Air Compressor Zero Emission Emission Reduction 54% 17% 11% 14% 4% Passenger Vehicles (PV) Light Commercial Vehicles (LCV) Commercial Vehicles (CV) Industrial Aftermarket Differentiated Technology Superior Customer Experience Optimized and Integrated Supply Chain Best - in - class Financial Performance 4 6% 7

© 2026 Garrett Motion Inc. Accelerating a diversified, long - term growth portfolio Leading a resilient turbo industry 1 Ramping up in Zero Emission Tech for mobility Powering a differentiated technology portfolio Propelling growth Consistently delivering ~$1B s ales beyond t urbo expected by 2030 and ~$ 2.5 B by 2 03 5 >5% CAGR expected over next 10 years Full portfolio anticipated to be launched by 2027 Energy infrastructure, HVAC & air compression Turbo sales expected to be greater in 2035 than in 2025 Best - in - class performance and continuous transformation 1 Turbo ranking based on 2025 results, as per management estimates 8 Expanding further into Industrial compression © 2026 Garrett Motion Inc.

© 2026 Garrett Motion Inc. • ~ $1 B expected from Zero Emission Technologies by 2030, ~ $2.5 B by 2035 • New product launches accelerating from 2027 • Turbo sales expected to be higher for next 10 years , from hybrids, CV, and Industrial ; expecting double digit growth from gensets • >50% of sales expected from LCV / CV / Industrial / Aftermarket by 2030 Garrett sales by technology Garrett sales by end - use $ Billions $ Billions 1 / Propelling diversified growth , planned ~$5B by 2030 2025 2030 E 2035 E Passenger Vehicles LCV Industrial Aftermarket 3.6 B ~ 5 B >6 B Forecast from 2023 Investor Day Forecast from 2023 Investor Day (implied) 2025 2030 E 2035 E Turbo CV & Industrial, AM Turbo LV Zero Emission Technologies 3.6B ~ 5 B >6 B >5% >50 % >5% 9 CAGR CAGR

© 2026 Garrett Motion Inc. >1,300 Engineers ~1,350 Patents and patents pending Global R&D centers 6 • Develop ed unique capabilities in five differentiated technology pillars • Continue to innovate in turbo, both expanding and deepening portfolio • Leveraging technology modularity to quickly expand zero emission offering 2 / Powering a differentiated technology portfolio 10 © 2026 Garrett Motion Inc. © 2026 Garrett Motion Inc.

© 2026 Garrett Motion Inc. > 6 0% of 2030 ZET sales expected to come from light commercial vehicles (LCV), commercial vehicles (CV) & industrial 6+ Launches by 2027 Estimated addressable industry 1 by 2035 ~$ 60 B • Focus on applications where customers value technology differentiation • Full portfolio anticipated to be in production by 2027 following multiple awards 3 / Ramping up in Zero Emission Technologies for mobility 1 Addressable automotive industry (revenue pool of components provided to OEMs within Garrett’s product families, excluding in house and focused on use cases where high - speed solutions matter), management estimates E - Powertrain PV E - Powertrain CV E - Cooling Compressor Fuel Cell Compressor Oil - free foil bearings High - speed electric motors High - speed power electronics Advanced control software High - speed turbo - compressors Garrett technologies 11

© 2026 Garrett Motion Inc. >$500M Targeted 2030 Industrial sales > 2 0 % Industrial sales CAGR expected over the next decade Estimated addressable industry 1 by 2035 ~$9B • Developing in the Industrial space with automotive scale and quality • Industrial turbo growth expected to be >2x to 2030, driven by power generation • Delivering superior energy efficiency 4 / Expanding further in HVAC & Industrial compression 1 Addressable non - automotive industry (revenue pool of components provided to OEMs within Garrett’s product families, excluding in house and focused on use cases where high - speed solutions matter), management estimates 12

© 2026 Garrett Motion Inc. #1 Global turbo player 1 >50% Turbo average new business win rate 2 since 2018 of 2030 Turbo sales from LCV / CV / Industrial / Aftermarket >50% • Industry expected to be stronger for longer: >45M turbocharged engines 3 to be made in 2030 • More hybrids equal more turbos, and more advanced turbo technology • Garrett’s broadest portfolio, fulfilling need for higher technology content 5 / Garrett Turbo sales expected to be higher in 2035 than today 1 Turbo ranking based on 2025 results, as per management estimates 2 Reflects Garrett win rate on total turbo industry opportunities as of 12/31/2025 3 S&P Mobility 04/2026 for Light Vehicles and KGP 01/2026 for CV (including On - highway and Non - road), management estimates for Industrial Turbo technology evolution Wastegate E - Turbo Variable Nozzle Turbine (VNT) E - Compressor Turbo portfolio expansion Large Free - Float Double Axle VNT Garrett MEG 13

© 2026 Garrett Motion Inc. 6 / Consistently delivering through best - in - class performance • Maintaining Adjusted EBIT 1 and Adjusted EBIT margin 1 over cycles • Portfolio expansion with comparable or accretive margins to current portfolio • Expecting >$2B of cumulative Adj. Free Cash Flow 1 (FCF) over next 5 years Delivering best in class performance across cycles Adj. EBIT 1 and margin 1 $ Millions $475 $531 $485 $510 $560 2022 2023 2024 2025 2026E 14.0% 13.2% 13.7% 14.0% 14.2% 14.9% 1 See appendix for reconciliations of Non - GAAP measures <5% RD&E % of sales <3% CAPEX % of sales Adjusted FCF conversion 1 ~75% Net Leverage <2x Adj. FCF 1 USD millions $313 $422 $358 $403 $415 14

© 2026 Garrett Motion Inc. • Driving major transformation since spin - off • Growth in gasoline offset diesel decline • Led the shift to gas VNT • Broadened capabilities and portfolio towards electrification 6 / Transforming relentlessly Sales mix 1 Product content 2 Capabilities 3 1 Based on total sales 2 Based on LV gasoline sales 3 Based on Engineering Full Time Equivalents 2018 25% Diesel CV & Industrial Aftermarket Other Gasoline 3% Gas VNT 9% Mechanical Electrical 2025 45% Diesel CV & Industrial Aftermarket Other Gasoline 39% Mechanical Electrical 28% Gas VNT 15

© 2026 Garrett Motion Inc. Expanding portfolio across multiple industries & applications E - Powertrain E - Cooling Compressor Air & Fuel Cell Compressor Turbo Industrial Commercial Vehicles Passenger Vehicles 16

© 2026 Garrett Motion Inc. • Mastering jet engine tech in high - speed turbo, 70 years of leadership • Pushing technology boundaries and engineering efficiency with advanced tools • Developing unique capabilities in differentiated technology pillars A differentiated technology powerhouse, accelerating 18 >1,300 Engineers ~1,350 Patents and patents pending Global R&D centers 6 High - speed turbo - compressors Oil - free foil bearings Advanced control software High - speed electric motors High - speed power electronics 1962 turbo on gas passenger car SOP 2002 1 st E - Turbo patent 2016 1 st centrifugal fuel cell compressor 2020 turbo control software 2027 1 st MEG Industrial turbo 202 7 1 st Industrial air compressor 2026 1 st hybrid power split controls 2024 Gen3 fuel cell compressor 1955 1 st Garrett turbo, CV 2008 1 st turbo on gas hybrid car 2017 1 st high - volume gas VNT 2022 1 st E - Turbo in high - volume 2025 1 st high - power E - Compressor 2027 1 st high - speed E - Powertrain 2027 1 st Industrial E - Cooling compressor 1995 1 st passenger car VNT 6 decades of innovation Accelerated portfolio expansion

© 2026 Garrett Motion Inc. Mastering jet engine technology Aerospace technology at automotive scale 19 Rotordynamics Materials Bearings Aerodynamics Balancing Compressor wheel tip speed more than 1300mph 2x the speed of sound Shafts and bearings spinning up to 300,000 RPM 20x faster than a F1 engine Turbines operating at more than 1900º F Glass melts above 1200 º F Operating clearances less than 4/10,000 th of an inch 7x thinner than human hair Balanced with less than 0.5g vibration at 300,000 RPM Half of mobile phone vibration of ~1g Air compressed up to 6x into the engine Up to 1900F engine exhaust in

© 2026 Garrett Motion Inc. a © 2026 Garrett Motion Inc. Pushing technology boundaries Example of advanced simulation and AI tools High fidelity simulation of compressor aerodynamics Agentic design of gas passage Combined inverter thermal and fluid flow simulation DEPLOYED DEVELOPING Machine learning optimization Auto - coding & test Multi - physics optimization System Modeling Materials modeling Generative design Agentic design Multi - physics simulation High fidelity simulation Knowledge management System model of compressor, fuel cell, motor, and truck Neural net compressor blade parametric design space optimization path Material grain structure modeling for cast turbine wheel Virtual prototypes in days vs. months Designs in hours vs. days 2x - 10x reduction in development cycle time Leading performance and technology New designs & optimized performance Robust product durability New proprietary materials 20 - 50% less RD&E spend to develop a new product Less engineering manhours/design Reduced prototype testing costs 20

© 2026 Garrett Motion Inc. a © 2026 Garrett Motion Inc. Unique ability to scale and extend at industry - leading performance in record time ~5,000 compressor and turbine wheel designs ~100 shaft and bearing sizes and designs ~100 wastegate and VNT kinematic systems ~500 material specifications Leading innovation in turbo • Superior performance vs. competitors • 12 months from start to first customer test • First OEM win with 12 others engaged High - speed turbo - compressor technology leader • aerodynamics • rotordynamics • bearings • balancing • materials Pushing the limits with advanced tools • system models • simulation • multi - physics • AI tools • material science Multiplier power of unmatched portfolio breadth • play in all key applications • leader in Wastegate and VNT • widest range of engine coverage • supporting all fuel types 21 Garrett MEG

© 2026 Garrett Motion Inc. Powering new products with differentiated technologies Advanced control software High - speed turbo - compressors Oil - free foil bearings High - speed electric motors High - speed power electronics Why it is difficult to master 300,000 RPM, 1900F, 1/10,000 th inch precision, ~60,000/day production volume High speed shaft running on gas film cushion 1/4000 th inch thick 200,000 RPM, 10 times faster than any other motor on a car 30,000/second switching, compact size, advanced Electromagnetic Compatibility (EMC), harsh environment Algorithms for precise sensor - less control at 1/10,000 th of a second 22 Why Garrett leads Industry leader with 70 - year track record of innovation and widest portfolio First to re - engineer aerospace tech at scale , with a decade of proven success in the field First in automotive production with 10 years experience, fully engineered in - house Garrett f irst integrated inverter in harsh E - Turbo environment, used across portfolio >70 patents in Industrial MPC 1 , in production on e - motors, engine - turbo, hybrid controls 1 Model Predictive Control

© 2026 Garrett Motion Inc. Leveraging 5 technology pillars for rapid portfolio expansion 23 Oil - free foil bearings High - speed electric motors High - speed power electronics Advanced control software High - speed turbo - compressors E - Powertrain PV E - Powertrain CV E - Cooling Compressor Fuel Cell Compressor Vehicles E - Cooling Compressor Air Compressor Industrial Garrett technologies

© 2026 Garrett Motion Inc. Driving technology synergies across Industrial products 24 Oil - free foil bearings High - speed electric motors High - speed power electronics Advanced control software High - speed turbocompressors Automotive Fuel Cell Compressor Industrial Air Compressor Industrial E - Cooling Compressor

© 2026 Garrett Motion Inc. © 2026 Garrett Motion Inc. Bridging into Industrial Fuel Cell Compressor E - Powertrain Turbo & E - Turbo System expertise VEHICLE MODELS Industrial E - cooling compressor Built - up using unique portfolio and proven capabilities IRC68 up to 350 tons cooling IRC22 up to 30 tons cooling HVAC system models Turbo - compressor aerodynamics, rotordynamics, balancing, materials Software platform for advanced controls Foil bearing design and manufacturing Proven success a decade in the field Motor platform for high continuous power Inverter platform modular power scale - up 25

© 2026 Garrett Motion Inc. a © 2026 Garrett Motion Inc. Transforming RD&E at scale 2016 2019 2022 2025 Engineers working on electrical products ~60 ~500 ~50% Internal re - skilling ~50% External hiring Built best - in - class capabilities through disciplined growth Funding Turbo and New Products while keeping RD&E <5% of Sales RD&E spend by product ~95% Turbo ~50% Turbo ~50% New Products 2016 202 5 <5% of sales <5% of sales • Turbo & Internal Combustion Engine (ICE) engine maturity Fueled by Fewer, larger turbo programs with lower RD&E spend per unit volume • Re - using technology pillars across products • Accelerated AI and simulation roadmap reduction of turbo RD&E cost ($) versus turbo sales ($) over last 7 years ~40% reduction in development cycle time 2x - 10x less RD&E spend to develop a new product 20 - 50% 26

© 2026 Garrett Motion Inc. Zero Emission Technologies for mobility, all products in production by 2027 30 6+ Anticipated launches by 2027 > 6 0% of expected launches in LCV and CV up to 2030 Estimated a ddressable industry 1 by 2035 ~$ 60 B • Focus where customers value technology differentiation • Full portfolio anticipated to be in production by 2027, following awards • Further growth acceleration: targeting >$2B sales by 2035 1 Addressable automotive industry (revenue pool of components provided to OEMs within Garrett’s product families, excluding in house and focused on use cases where high - speed solutions matter), management estimates

© 2026 Garrett Motion Inc. Zero emission portfolio expanding across a wide range of end uses 31 PVs High performance LCVs Trucks Non - road Buses E - Powertrain PV Fuel Cell Compressor E - P owertrain CV Mobility Cooling Compressor

Differentiat ed high - speed E - Powertrain: lighter, more powerful 1 Addressable automotive industry (revenue pool of components provided to OEMs within Garrett’s product families, excluding in house and focused on use cases where high - speed solutions matter), management estimates - 30% space & weight - 30% material including rare earths , sustainability & cost benefits Better performance The Garrett advantage +23% power in 43% less space Real life PV example in Europe 115 kW / 85 KG Original Equipment Manufacturer (OEM) 150 kW / 49 KG 2 targeted launches by 2027 ~$ 50B estimated addressable industry 1 by 2035 — I n October 2023 — 15+ customers engaged 2 pre - development contracts 2 A - samples tested PV & LCV focus — Now — 2 0 + customers engaged 2 pr oduction awards 5 OEMs testing B - samples CV E - Beam added to PV & LCV Significant progress and building momentum 32 © 2026 Garrett Motion Inc.

© 2026 Garrett Motion Inc. Well suited for Commercial Vehicles T he higher the power, the bigger the benefits with the Garrett solution © 2026 Garrett Motion Inc. Real life example in China GTX vs. OEMs Benefits up t o +11% Peak torque [ kNm ] up t o +50% Peak power [kW] up to 10 0 kg less System weight [kg] Winning with HanDe SOP 2027 Leading CV Axle supplier with > 2 0 % s hare in Asia; >30% in China and supply into Europe Capacity >1M Axles p.a. 1 , producing already hundreds of eBeams per day 1 Public sources 33

© 2026 Garrett Motion Inc. Leading Fuel Cell air compressor s (FCC) with the broadest portfolio 40kW 400kW FCC15 FCC22 FCC25 FCC32 Garrett unmatched portfolio • China scales 1M hydrogen vehicles by 2035 and >4M by 2040 – part of 5 - year plan • Japan focuses on hydrogen to reduce oil & gas dependency • Toyota joins Daimler and Volvo in Cellcentric JV for Commercial Vehicle fuel cell systems Examples Hydrogen in mobility with top performance, reliability, global coverage Source: Public sources 1 Addressable automotive industry (revenue pool of components provided to OEMs within Garrett’s product families, excluding in house and focused on use cases where high - speed solutions matter), management estimates 34 8 customer awards 10 years in production ~$0.5 B estimated addressable industry 1 by 2035

Expanding into next generation of mobility cooling 1 Addressable automotive industry (revenue pool of components provided to OEMs within Garrett’s product families, excluding in house and focused on use cases where high - speed solutions matter), management estimates 2 targeted launches by 2027 ~$ 10B estimated addressable industry 1 by 2035 — I n October 2023 — 20+ Customers engaged 3 Pre - development contracts Passenger car focus — Now (automotive focus only) — 2 5 + Customers engaged 1 2 P re - development contracts Commercial Vehi c le and Passenger Car focus 1 Customer award 2 OEMs testing B - samples Significant progress and building momentum The Garrett advantage Industry standard “Scroll” Garrett “Centrifugal” 2x cooling power - 50% weight reduction U p to 10% better efficiency - 10 dB noise reduction 35 © 2026 Garrett Motion Inc.

© 2026 Garrett Motion Inc. Well suited for Commercial Vehicles Higher cooling needs, bigger benefits with the Garrett solution © 2026 Garrett Motion Inc. Real life example in China Garr e tt vs. Scroll Benefits Up to 10% electricity saving at high ambient temperature Electricity cost saving 1 45 , 000 hours vs. 30 , 000 hours Zero degradation Longer lifetime & Less downtime >10dB quieter Better comfort Easier system integration Less space consuming Smaller package Winning with Cling First SOP 2027 Key HVAC supplier to global bus leader Yutong >10% global share >20% global share on electric >50k buses made per year 2 The Garrett advantage: Electric buses and Trucks example 1 Saving by faster battery charging with faster cabin cool down at hot weather 2 Public sources For comparison, annual Yutong bus production ~2x compared to Western leaders like Volvo, Daimler or Traton 36

© 2026 Garrett Motion Inc. Broadening a differentiated technology portfolio for Industrial 39 >$ 50 0M Targeted 2030 Industrial sales >20% Industrial sales CAGR expected over the next decade Estimated a ddressable industry 1 by 2035 ~$9B • Industrial sales >$100M in 2025 expected to grow to >$850M by 2035 • Turbo growth from power generation • Entering adjacent industries with long - term macro growth • Delivering superior energy efficiency beyond automotive 1 Addressable non - automotive industry (revenue pool of components provided to OEMs within Garrett’s product families, excluding in house and focused on use cases where high - speed solutions matter), management estimates Power Genset Rooftop Chiller application Industrial Air Compressor

© 2026 Garrett Motion Inc. Fast g rowing demand for high performance I ndustrial turbos 41 Industry insights 1 • World energy demand expected to increase +10 - 12% by 2030 • AI/Datacenter, power hungry, need primary and backup power • More renewables requires peak - shaving, frequency stabilization • Uninterrupted energy supply need for 100% uptime Turbo role • Enable higher engine power, faster response • Better fuel efficiency – superior total cost of ownership (TCO) ... • Best in class performance and efficiency • World class turbo matching and aerodynamics optimization • Broadest portfolio from 7L to 300L+ engines (<1MW to >5MW), at scale, global • Widest customer base, >15 customers served specifically on Gen s et Why Garrett >$100 M 2025 Industrial s ales 130+ active programs in 2025 ~$2 B estimated addressable industry 2 by 2035 D ata center with 50 - 100 Gen s et engines, with 2 - 4 turbos each 1 Public sources 2 Addressable non - automotive industry (revenue pool of components provided to OEMs within Garrett’s product families, excluding in house and focused on use cases where high - speed solutions matter), management estimates

© 2026 Garrett Motion Inc. Disrupting the HVAC industry with game - changing technology 43 Industry insights 1 • HVAC industry with ~6% CAGR expected • Focus to reduce energy consumption • Shift to ultra - low GWP 2 refrigerants – limitation for scroll technology • Data center energy demand comparable to a city, up to 50% used for cooling • Grid connection can take years; decentralization & efficiency are key E - Cooling Compressor role • Core of HVAC system – circulate refrigerant to move heat • Applicable to different HVAC systems (e.g. Chiller, RTU 2 , CRAC 2 ) • >10% energy savings – TCO 2 benefit and/or enabler for more computing power • Oil - free foil bearing – maintenance and performance benefits without complexity • Bringing Maturity and scale of automotive production • Enable ultra - low GWP 2 refrigerants Why Garrett 4+ targeted launches by 2027 20 + HVAC customers engaged ~$ 5 B estimated addressable industry 3 by 2035 Up to 50% of data center energy used for cooling 1 Public sources 2 Global Warming Potential (GWP), Total Cost of Ownership (TCO), Roof Top Units (RTU), Computer Room Air Conditioning (CRAC) 3 Addressable non - automotive industry (revenue pool of components provided to OEMs within Garrett’s product families, excluding in house and focused on use cases where high - speed solutions matter), management estimates

© 2026 Garrett Motion Inc. Covering a broad range of HVAC applications © 2026 Garrett Motion Inc. Winning with Trane SOP 2027 Strategic collaboration to roll - out Garrett’s technology across Trane’s commercial HVAC portfolio Rooftop Units (RTU) Comfort Cooling Chillers Large Chillers Battery Energy Storage System (BESS) Computer Room Air Conditioning (CRAC) Use Case Building comfort cooling and heating Building cooling Cooling of larger data centers Battery cooling during charge / discharge Decentralized in - room server cooling Cooling Capacity (RT) 3 - 125 10 - 3000 30 - 3000 1 - 35 3 - 50 Garrett Portfolio Fit SOP 202 7 SOP 202 8 SOP 202 8 SOP 202 7 SOP 202 7 Trane technologies and Garrett Motion Collaborate to Advance Ultra High Efficiency Commercial HVAC Solutions 44

© 2026 Garrett Motion Inc. Bringing superior centrifugal foil bearing technology into HVAC 45 Scroll c ompressor vs. Garrett c entrifugal Scroll Garrett Centrifugal vs. Existing m agnetic b earing vs. Garrett f oil b earing Garrett Foil Bearing Magnetic Bearing + Bearing Controller Mag. Bearing vs. Garrett’s technology advantage • Higher energy efficiency and no degradation • Oil free – no maintenance, worry free • Ultra - low GWP refrigerant compatible • Lower vibration & noise • Higher energy efficiency • No need for complex and costly bearing controller • Easier & lower cost to integrate in HVAC system • Faster startup

© 2026 Garrett Motion Inc. v Pioneering oil - free centrifugal air compressors © 2026 Garrett Motion inc. Winning with Ingersoll Rand SOP in 2027 Collaboration agreement to apply Garrett’s solution in Ingersoll Rand’s air compressor portfolio 1 Public sources 2 Compared with industry standards 3 Addressable non - automotive industry (revenue pool of components provided to OEMs within Garrett’s product families, excluding in house and focused on use cases where high - speed solutions matter), management estimates Industry insights 1 • Air quality is focus in production of food & beverage, pharma, semiconductor, and batteries etc. • Customers request “oil - free by design” to avoid filtering air • Energy efficiency crucial decision factor – compressed air drives plant operating costs Air compressor role • Provide pressurized high - quality, dry, contaminant - free air • Multiple use cases in processing and packaging • Up to 20% lower energy consumption 2 • Maturity and scale of automotive production • Oil - free means reduced maintenance, no contamination risk Why Garrett ~$2B estimated addressable industry 3 by 2035 Example of “ Air Kni v es ” used in processing 47

© 2026 Garrett Motion Inc. 2025 2030 E 2035 E $3. 6B >$4 B ~$4 B CAGR +4 % Garrett turbo sales expected to be higher in 2035 than in 2025 50 #1 Global turbo player 1 >50% Turbo average new business win rate 2 since 2018 of 2030 Turbo sales expected to be from LCV / CV / Industrial / Aftermarket >50% 1 Turbo ranking based on 2025 results, as per management estimates 2 Reflects Garrett average win rate on total turbo industry opportunities as of 12/31/2025 3 Management estimates Garrett turbo sales by end - use CV, Ind., AM PV, LCV Forecast from 2023 Investor Day 3 Passenger Vehicles Non - Road Industrial Aftermarket On - Highway 4 6 % >50 % >60 % $ Billions

© 2026 Garrett Motion Inc. Resilient turbo industry: >9M more turbos in 2030 vs. 2023 forecast LV t urbo industry h igher from macros • Advanced hybrids expected to result in more turbos with higher technology content • Increased ICE efficiency: VNT 3 sales expected 2x by 2030 • Industry at cyclical bottom point; stronger growth expected to 2030+ • CV turbo growth sustained by infrastructure • Industrial t urbo growth driven by energy security and back - up power +3M turbos Light Vehicles Battery Electric Vehicles penetration “BEV pen” (%) 1 +6M turbos 1 Source: S&P Mobility, September 2023 for LV; KGP July 2023 for CV (including On - highway and Non - road), S&P Mobility 04/2026 and KGP 01/2026, management estimates for industrial 2 BEV penetration internal forecast used for 2023 Investor Day 3 VNT = Variable Nozzle Turbine 16% 28% 2025 2030 E N ew S&P Forecast from 04/ 2026 Ga rrett Forecast from 09/2023 41% 2 Light Vehicles turbo penetration on Internal Combustion Engines “T - Pen” (%) 1 2025 2030 E 56% 57% S&P Forecast from 09/2023 N ew S&P Forecast from 04/ 2026 52% CV & Industrial t urbo growth 6.0M 6.1M 6.5M 6.8M 6.8M 6.9M 2025 2026 2027 2028 2029 2030 Old KGP Forecast from 09/2023 6.8M New KGP Forecast from 01/ 2026 +0.1M turbos Commercial Vehicles turbocharged engines (Million engines) 1 51 >9M turbos more vs. 2023 forecast

© 2026 Garrett Motion Inc. Turbo portfolio expanding over a wide range of end uses 52 M ostly in EU Pure ICE PV High performance LCV Trucks Non - road Buses Industrial Hybrid PV Marine LV Turbo Gas Waste g ate E - Compressor Turbo CV (mostly Diesel, but also Natural Gas, H2 ICE) LV Turbo Gas V NT LV Turbo Diesel E - Turbo Large Turbo CV & Industrial (Diesel, Natural Gas)

© 2026 Garrett Motion Inc. Garrett offering the broadest turbo technology portfolio © 2026 Garrett Motion Inc. Win case Mercedes - Benz S Class E - Compressor “can now operate almost continuously for a longer period. It now boosts with up to 7.5 kW of electrical power (previously 5.0 kW), further improving throttle response” Mercedes - Benz press release February 1 VNT = Variable Nozzle Turbine G F E D C B A Portfolio strength Limited capability Limited/no coverage CV Wastegate CV VNT 1 Industrial PV Wastegate E - Turbo E - Compressor PV VNT 1 Main Turbo Competitors Launch in 2026 53

© 2026 Garrett Motion Inc. Streng th ening and expanding turbo portfolio © 2026 Garrett Motion Inc. Win case s 1 M anagement estimates based on OE business awarded to date Awarded business Broadening the scope • >50% new business win rate on average since 2018 • >80% of OEM sales contracted 3 years in advance Projected percentage of OEM sales already awarded 1 Broadest and growing portfolio for PV , LCV, CV, and Industrial Higher technology content in portfolio enabled by hybrid voltage N ew E xisting in 2023 Wastegate VNT E - Comp E - Turbo ICE & Hybrids Mainly hybrids (≥48V) N ew E xisting in 2023 1 00L engine 1.000hp per turbo >300L engine >3.500hp per turbo 0. 7 L engine <50hp Light vehicles Commercial vehicles Industrials Garrett MEG line GT 06 GT70 RAM 1500 RHO Gasoline Wastegate : V8 performance on 6 - cylinder Silverado 3.0L Diesel Diesel VNT : torque and fuel economy 54 100% 2026 >90% 2027 >80% 2028 >70% 2029 >60% 2030

© 2026 Garrett Motion Inc. Hybrids need advanced turbo tech for highest efficiency © 2026 Garrett Motion Inc. 1 Source: S&P Mobility 04/2026; Advanced hybrids considered are FHEV (Full Hybrid Electric Vehicles), PHEV (Plug In Hybrid Electric Vehicles) and REEV (Range Extended Electric Vehicles)/ Series 2 VNT = Variable Nozzle Turbine Global advanced hybrids vehicles produced (Million units) 1 • Turbo penetration of advanced hybrids expected to grow by 7% by 2030 1 and 11% by 2035 1 • Garrett VNT 2 optimize efficiency of Dedicated Hybrid Engines (DHE) • E - Turbo and E - Compressor enable advanced combustion on 400V+ hybrids Win case Volkswagen ID.ERA 9X REEV Launch in 2026 Gasoline VNT Launching Gen3 Gas VNT optimizing range and cabin comfort of REEVs Range Extended E lectric V ehicles (REEV) / Series Plug - In EV (PHEV) Full Hybrid EV (FHEV) 2025 2030 E 2035 E 6Mu 13Mu 16Mu x2 55

© 2026 Garrett Motion Inc. T echnology partner to leading C hinese OEMs Technology content increasing Ultimate hybrid ICE efficiency requires advanced turbo technology Wave 2: PHEV VNT 42 - 43% BTE 1 example: BYD 2.0L Denza Z9 GT Wave 3: REEV E - Turbo 48 - 50% BTE 1 Coming soon Wave 1 : RE EV Wastegate ~4 2% BTE 1 example: ChangAn Avatr 11 Chinese OEMs are growing domestically and via exports with Garrett Winning in China across PV, LCV, CV C V P V 56 1 BTE = Brake Thermal Efficiency

© 2026 Garrett Motion Inc. Turbo Diesel resilient in Light Commercial Vehicles 57 2.2L 3.0L diesel 2.0L diesel 2.3L diesel 3.0L 2.0L 0.7L 3.0L 6.7L diesel 2.5L diesel 1.9L 2.4L 1 Ranking based on 2025 results, as per management estimates 2 Source: S&P Mobility 04/2026 Global and diversified presence in LCV #1 Garrett’s global position 1 84% Expected internal combustion engine penetration on LCV by 2030 2 Turbo penetration on LCV diesel 2 ~99%

© 2026 Garrett Motion Inc. • On - highway, construction , agri culture expected to recover from 2024 low point • Construction spe n d increasing, driven by investment cycles in infrastructure • Mining energy tran s formation surge, digital , and batteries; capex expected to increase significantly • Agriculture driven by crop prices, population growth, GDP • Marine (high speed engines) growth from transport needs and new regulation s • Genset for energy tran s formation, d ata center electricity demand growing C V & Industrial t urbo engines industry (Mu) 1 Industry recovery and favorable macro trends 2 Garrett leading across applications and regions P osition worldwide 3 # 2 # 1 # 2 # 2 # 1 O n - Highway Construction & Mining Agriculture M arine Gensets Commercial Vehicles growing with favorable macro and long - term trends 2025 2030 E 6.0 6.9 O n - Highway N on - road Medium & Heavy Duty trucks, Buses Construction & Mining Agriculture Marine Gensets Material handling I nd . CAGR 3 % 1 Source: KGP 01/2026 ,management estimates for Gen s et 2 Public sources 3 Management estimates 58

© 2026 Garrett Motion Inc. Garrett Aftermarket growth 60 #1 turbo brand 1 >65% of 2025 Aftermarket sales in LCV / CV / Industrial CV and Industrial engine lifecycle >30Y • Largest installed base of 150M turbos • Strong brand, loyal customer base • Distribution model dedicated to turbo, with > 3 7 0 distributors globally 1 Aftermarket ranking based on 2025 sales, as per management estimates

© 2026 Garrett Motion Inc. • 3 offering s fitting engine lifecycle • Original components in all products 0 Year 6 Years 15+ Years I ndependent Afterma r ket Same as O riginal E quipment (OE) p roduct Reman Cost efficient solution for vehicles over 6Y Reman MaxLife For vehicles over 15Y P roduct o ffering • Turbo replacement: a significant engine repair • Agile and efficient Turbo aftermarket distribution Typical automotive vs. turbo distribution model • Installed base focused • Technology advice needed • Turbo centric distributors • Demand pull / availability at distributors • Multiple brands • Buy to sell model • Pushing sales for a brand • High cost of sales/ working capital Serving the Garrett turbo growing installed base 61

© 2026 Garrett Motion Inc. Performance Motorsport Special Applications For Performance Enthusiasts Power, Power, and more Power !!! From 250 to 4000 HP Most complete Performance Turbo Line up For Pro Racing Teams Ferrari F1 Tech partner since 2014 26 consecutive wins at 24H Le Mans Recreational Industry Performance & Durability For Recreational Vehicles, Jetskis & Snowmobiles Horsepower, Racing & W inning, Excitement Guaranteed! Growing beyond turbo replacements 62

© 2026 Garrett Motion Inc. Positioned for profitable growth and cash generation 64 >5% Sales CAGR expected for next decade 14.9% Adjusted EBIT margin 1 2026 midpoint guidance Adjusted Free Cash Flow 1 expected over next 5 years >$2B 1 See appendix for reconciliations of Non - GAAP measures Diversified profitable growth to $5B sales expected by 2030 • Continued share of demand gains from Turbo • $1B of sales expected from Zero Emission Technologies (ZET) • >50% of Sales expected from LCV/ CV/Industrial/AM Industry leading margins and cash generation • Margin expansion from sales shift to LCV/ CV/Industrial/AM • Outperforming peer groups in profitability and cash generation Attractive shareholder returns Targeting return of 75% of Adjusted FCF to shareholders over time: • 44% reduction in share count through buy - backs since the beginning of 2023 • Quarterly dividend since the beginning of 2025

© 2026 Garrett Motion Inc. Addressable industry expansion: expected to grow ~6x by 2035 65 E - Powertrain E - Cooling Compressor Air & Fuel Cell Compressor Turbo Industrial Commercial Vehicles Passenger Vehicles 1 Addressable industry (revenue pool of components provided to OEMs within Garrett’s product families, excluding in house and focused on use cases where high - speed solutions matter), management estimates ~$49B 1 by 2035 ~$7B 1 by 2035 ~$2B 1 by 2035 ~$5B 1 by 2035 ~$5B 1 by 2035 ~$11B 1 by 2035

© 2026 Garrett Motion Inc. 2030 growth profile, targeting $5B by 2030 with >50% from CV / Industrial / AM Garrett Sales by end - use $ Billions >50% Sales from LCV / CV / Industrial / Aftermarket by 20 30 >$500M targeted 2030 Industrial sales Industrial sales CAGR expected over the next decade > 2 0 % >5% 2025 2030 E 2035 E 3.6 B ~ 5 B >6 B Passenger Vehicles LCV Industrial Aftermarket >50 % 66 CAGR

© 2026 Garrett Motion Inc. Average selling price uplift from industry transition Industrial 2 Passenger Vehicles 2 Commercial Vehicles 2 x3 x 6 x1.3 x3 - 4 Average Selling Price (ASP) per Turbo $100 - 400 x1 - 2 x1 0 - 50 x 4 - 10 x5 - 15 x 20 - 50 x7 - 8 x10 - 15 x2 - 3 x2 - 2.5 x 5 - 25 0 Advanced Turbo Tech E - Turbo VNT Wastegate 1 Core Turbo Tech Zero Emission Tech Air & Fuel Cell Compressor E - Powertrain E - Cooling Compressor 1 Including Garrett MEG product line 2 “ x ” = Average Selling Price multiplier per turbo vs. Passenger Vehicle Wastegate 67

© 2026 Garrett Motion Inc. Financial performance track record ~75% Adjusted FCF conversion 1 < 5% RD&E % of sales < 3% CAPEX % of sales <20% Cash Tax rate <2x Net leverage 68 2021 to 2026E Adj. EBIT 1 and Adj. FCF 1 Performance Garrett financial framework $508 $475 $531 $485 $510 $560 2021 2022 2023 2024 2025 2026E Adj. FCF conversion 1 Adj. EBIT 1 and margin 1 $ Millions 72% 66% 79% 74% 79% 74% 14.0% 13.2% 13.7% 14.0% 14.2% 14.9% Supply Chain Disruptions War & Inflation Tariffs 1 See appendix for reconciliations of Non - GAAP measures Delivering consistent financial performance across cycles

© 2026 Garrett Motion Inc. Cost discipline and flexibility for margins and cash generation 69 >5% Average annual cost productivity >80% Variable cost structure CAPEX % of sales <3% RD&E % of sales <5% • Lean and process driven with focus on plant & fixed cost reductions • Optimized supply base with >80% purchased from best cost locations • Continuous decrease of RD&E spend required per turbo • Leading capabilities with high transferability between products • Efficient manufacturing approach driving low capital spend • Asset light model with low depreciation • Compact and flexible global footprint with 13 manufacturing plants • 85% of capacity in best cost countries

© 2026 Garrett Motion Inc. Superior profitability and cash generation 2025 Adj. EBITDA Margin 1,3 Garrett CV - focused Broader Industrials 17.7% 17.4% 21.6% 202 5 Adj. FCF Yield 2,3 Garrett CV - focused Broader Industrials 7.2% 6.2% 2.8% 70 2025 Adj. EBIT Margin 1,3 Garrett CV - focused Broader Industrials 14.2% 13.2% 19.4% Composition of CV focused and broader industrial groups in Appendix 1 Source: Bloomberg as of May 12, 2026 and company actuals 2 Source: Bloomberg and company actuals. Market capitalization and share price as of May 12, 2026. FCF and share count based on D ecember 31, 2025 figures. 3 See appendix for reconciliations of Non - GAAP measures

© 2026 Garrett Motion Inc. Additional valuation upside >50% Sales expected from LCV / CV / Industrial / Aftermarket by 2030 >$5 0 0M 2030 targeted Industrial sales Industrial sales expected CAGR over the next decade >20% 71 EV 1 / 2025 Adj. EBIT 2,3 13.5x 14.3x 20.8x Garrett CV - focused Broader Industrials EV 1 / 2025 Adj. EBITDA 2,3 10.8x 10.3x 18.7x Garrett CV - focused Broader Industrials 1 Enterprise Value 2 Source: Bloomberg and company actuals. Market capitalization and share price as of May 12, 2026. EBIT, EBITDA and share count b ased on December 31, 2025 figures 3 See appendix for reconciliations of Non - GAAP measures

© 2026 Garrett Motion Inc. Returning a significant portion of Adj. Free Cash Flow to shareholders ~75% Targeted Adj. FCF return to shareholders over time 44% Share count reduction since the beginning of 2023 Net leverage <2.0x 72 Continuous Share Count Reduction 1 333 264 243 238 227 221 215 206 204 202 195 191 188 Mar - 23 Jun - 23 Sep - 23 Dec - 23 Mar - 24 Jun - 24 Sep - 24 Dec - 24 Mar - 25 Jun - 25 Sep - 25 Dec - 25 Mar - 26 44% Million shares outstanding >$1.4B returned to shareholders since 2023 ($M) 2023 2024 2025 Q1 2026 YTD Preferred A shares buy back Common shares buy back Common shares dividends 213 296 52 208 87 570 16 1 3 Includes Preferred A shares on an as - converted basis for periods prior to conversion

© 2026 Garrett Motion Inc. Accelerating expansion through technology in Commercial Vehicles & Industr ial New product ramp - up s New product awarded Customer Testing E - Powertrain E - Cooling Compressor Air & Fuel Cell Compress or Turbo Core Garrett portfolio Building HVAC Data Center Cooling Battery Energy Storage Manufacturing Commercial Vehicles 1 Passenger Vehicles Target SOP 2027 Marine, Energy Generation 1 Includes Light Commercial Vehicles (e.g. pick - up trucks and vans), On - Highway applications (e.g. buses, medium and heavy duty trucks), and Non - road machinery (e.g. mining trucks, construction equipment, agricultural equipment) 74 Target SOP 2027 Target SOP 2027 Target SOP 2027 Target SOP 2027

© 2026 Garrett Motion Inc. Accelerating a diversified, long - term growth portfolio Leading a resilient turbo industry 1 Ramping up in Zero Emission Tech for mobility Powering a differentiated technology portfolio Propelling growth Consistently delivering ~$1B s ales beyond t urbo expected by 2030 and ~$ 2.5 B by 2 03 5 >5% CAGR expected over next 10 years Full portfolio anticipated to be launched by 2027 Energy infrastructure, HVAC & air compression Turbo sales expected to be greater in 2035 than in 2025 Best - in - class performance and continuous transformation 1 Turbo ranking based on 2025 results, as per management estimates 75 Expanding further into Industrial compression © 2026 Garrett Motion Inc.

© 2026 Garrett Motion Inc. >$5B Annual sales expected by 2030 >50% from CV/LCV/Ind/AM expected by 2030 >$2B Targeted Turbo LCV / CV / Industrial / AM sales from 2030 >$2B Targeted Turbo PV beyond 2030 >$500M Annual Industrial sales expected by 2030 ~$1B Expected from Zero Emission Technologies by 2030 Diversified growth expected with >5% CAGR expected for the next 10 years 76 Differentiated Technology Superior Customer Experience Optimized and Integrated Supply Chain Best - in - class Financial Performance

© 2026 Garrett Motion Inc. Location of the technology exhibits 1. Industrial • Turbo • Compression 2. Aftermarket, Racing & Performance 3. Automotive • E - Powertrain • Mobility Compressor • E - Boosting • Passenger Vehicle Turbo • Commercial Vehicle Turbo 2 . 3 . 1. On the ground floor: 79

© 2026 Garrett Motion Inc. Garrett acronym glossary 81 Full name / meaning Acronym Aftermarket AM Average Selling Price ASP Battery Electric Vehicle BEV Battery Energy Storage System BESS Brake Thermal Efficiency BTE Compound Annual Growth Rate CAGR Computer Room Air Conditioning CRAC Commercial Vehicles CV Dedicated Hybrid Engine DHE Electromagnetic Compatibility EMC Electric Compressor E - Compressor Electric Cooling Compressor E - Cooling Electric Powertrain E - Powertrain (E - PWT) Electric Turbocharger E - Turbo Electric Vehicle EV Fuel Cell Compressor FCC Full Hybrid Electric Vehicle FHEV Global Warming Potential GWP Hydrogen H2 Hydrogen Internal Combustion Engine H2ICE Heating, Ventilation and Air Conditioning HVAC Full name / meaning Acronym Internal Combustion Engine ICE Joint Venture JV Light Commercial Vehicles LCV Light Vehicles LV Model Predictive Control MPC Million units Mu Original Equipment OE Original Equipment Manufacturer(s) OEM / OEMs Plug - in Hybrid Electric Vehicle PHEV Passenger Vehicles PV Research and Development R&D Research, Development & Engineering RD&E Range Extended Electric Vehicle REEV Revolutions Per Minute RPM Rooftop Unit RTU Start of Production SOP Total Cost of Ownership TCO Turbo Penetration T - Pen Variable Nozzle Turbine VNT Zero Emission Technologies ZET Zero Emission Vehicles ZEV A - H I - Z 81

© 2026 Garrett Motion Inc. Explanatory notes Charts on Slide 70 - 71: CV - focused: Allison Transmission, Cummins, Gates, Knorr Bremse, SAF - Holland Broader Industrials: Accelleron , Carrier, Johnson Controls, Lennox, SPX, Trane 82

© 2026 Garrett Motion Inc. Addressable industry expansion: expected to grow ~3x by 2030 83 E - Powertrain E - Cooling Compressor Air & Fuel Cell Compressor Turbo Industrial Commercial Vehicles Passenger Vehicles 1 Addressable industry (revenue pool of components provided to OEMs within Garrett’s product families, excluding in house and f ocu sed on use cases where high - speed solutions matter), management estimates ~$ 19 B 1 by 203 0 ~$ 6 B 1 by 203 0 ~$2B 1 by 203 0 ~$ 7 B 1 by 203 0 ~$ 6 B 1 by 203 0 ~$ 5 B 1 by 203 0

© 2026 Garrett Motion Inc. Reconciliation of Net Income to Adjusted EBIT, Adjusted EBITA, Consolidated EBITDA and Related Ratios (1) Relates to qualifying expenses such as costs of public company registration, listing and compliance, facility start - up and t ransition costs and other non - recurring expenses as defined under our credit agreement 85

© 2026 Garrett Motion Inc. Reconciliation of Net Leverage Ratio (1) Defined as Net debt divided by Consolidated EBITDA Reconciliation of Market Capitalization, Enterprise Value and Related Ratios (1) Based on 190,556,297 shares of Common Stock outstanding as of December 31, 2025, and the Common Stock closing share price of $29.57 as of May 12, 2026. 87

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Title of a 12(b) registered security.

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Name of the Exchange on which a security is registered.

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Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.

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Trading symbol of an instrument as listed on an exchange.

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Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.

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