Deutsche Bank Global Automotive Conference 2016January 12, 2016

Forward-Looking Statements

2

Certain information contained in this presentation constitutes forward-looking statements for purposes of the

safe harbor provisions of The Private Securities Litigation Reform Act of 1995. There are a variety of factors,

many of which are beyond our control, that affect our operations, performance, business strategy and

results and could cause our actual results and experience to differ materially from the assumptions,

expectations and objectives expressed in any forward-looking statements. These factors include, but are not

limited to: our ability to implement successfully our strategic initiatives; actions and initiatives taken by both

current and potential competitors; foreign currency translation and transaction risks; increases in the prices

paid for raw materials and energy; a labor strike, work stoppage or other similar event; deteriorating

economic conditions or an inability to access capital markets; work stoppages, financial difficulties or supply

disruptions at our suppliers or customers; the adequacy of our capital expenditures; our failure to comply

with a material covenant in our debt obligations; potential adverse consequences of litigation involving the

company; as well as the effects of more general factors such as changes in general market, economic or

political conditions or in legislation, regulation or public policy. Additional factors are discussed in our filings

with the Securities and Exchange Commission, including our annual report on Form 10-K, quarterly reports

on Form 10-Q and current reports on Form 8-K. In addition, any forward-looking statements represent our

estimates only as of today and should not be relied upon as representing our estimates as of any

subsequent date. While we may elect to update forward-looking statements at some point in the future, we

specifically disclaim any obligation to do so, even if our estimates change.

Company Overview

.

Goodyear tires are sold

in two distinct tire markets...

(% of 2014 Units of 162 million)

...and serve customers

around the world

(% of 2014 Revenue of ~$18 billion)

…available in a diverse

selection of products...

(% of 2014 Revenue of ~$18 billion)

OE ~20% of 2014 Revenue

3

Goodyear Is a Tire Industry Leader with Powerful Brands, a Broad

Product Offering and Global Distribution

Consumer

21%

Retail

8%

Other

10%

Chemical

3%

Commercial

Includes:

OTR, Farm,

Race, &

Aviation

58%North

America

45%

Europe, Middle

East & Africa

34%

Latin

America

10%

Asia Pacific

11%

Replacement Market70%

OE Market

30%

2015 Key Segment Operating Income Drivers as of October 29, 2015

DriverJuly Outlook

2015 FY vs 2014

October Outlook

2015 FY vs 2014Comments

Global Volume +1-2% +1-2% • No change

Price/Mix vs. Raw

Materials~$330 million ~$370 million • Updated for Q3 performance

Overhead

AbsorptionNeutral Neutral • No change

Cost Savings vs.

Inflation~$70 million ~$0 million

• Operational Excellence delivering

on plan; reflects higher than

expected inflation in Venezuela

Foreign Exchange ~($200) million ~($160) million • Based on October spot rates

Amiens Closure ~$20 million ~$20 million • No change

Other Tire Related ~$0 million ~$20 million • Based on Q3 year-to-date results

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5

Q4 Transactions

• Dissolution of joint venture with SRI complete on October 1

– No impact to the company’s existing financial targets or capital allocation plan

as a result of this transaction

– Volume, revenue and SOI will be regionally impacted as disclosed on June 5

• US bond refinancing

– Net proceeds from $1 billion offering of 5.125% senior notes used to redeem

outstanding $1 billion in principal amount of 8.25% senior notes due 2020

– Reduction in annual interest expense of $31 million beginning in 2016

• Euro bond refinancing

– Net proceeds from €250 million offering of 3.75% senior notes will be used to

redeem outstanding €250 million in principal amount of 6.75% senior notes

due 2019

– Reduction in annual interest expense of $8 million beginning in 2016

2013201220112010

$1.0

$0.7

$0.2

$0.4

Strong Free Cash Flow(c)

$1.3

2014

$1.0

Goodyear Then…And Now

2013201220112010

$1.6

$1.2$1.4

$0.9

Segment Operating Income

(a) See Segment Operating Income reconciliation in Appendix on page 16.

(b) Trailing twelve months as of September 30, 2015.

(c) See Free Cash Flow from Operations reconciliation in Appendix on page 17.

(d) Primarily non-US plans, projected for December 31, 2015 as of September 30, 2015 using 2014 year end assumptions.

(a)

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$ In billions

Past performance provides strong foundation for the future

201320122010

$0.7

$0.5

$0.3

~$0

North America Turnaround

2011

Segment Operating Income

2014

$1.1

$0.8$0.3B loss

in 2009

2014

$1.7

TTM (b)

$1.9

TTM (b)

TTM (b)2014201320122011

$0.7

$1.9

$3.5$3.1

Progress on Global Unfunded Pension

(d)

Fully funded,

froze, and de-

risked U.S.

plans

2015E

~$0.7(d)

Advantaged Value PropositionWhat does it take?

Goodyear delivering results through an integrated approach

Iconic brand

Industry leading products

Pervasive distribution

Strong customer relations

Consumer-centric focus

Right Tire

Right Time

Right Place

Right Cost

Market-Back Innovation Enabling Investments

AND

Sales & Marketing Excellence Operational Excellence

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Industry migration to high-value-added tires advantages Goodyear given

manufacturing know-how, product innovation, and industry-leading products8

HVA Tire TechnologyA “Tire” Is Not a “Tire”

• There is no industry standard definition of “HVA”. For Goodyear …

• Consumer HVA tires incorporate one or more of the following features:

– Rim diameter 17” or greater

– Reduced sidewall height

– Speed-rated H or higher

• Commercial HVA tires have specific performance characteristics (e.g., Fuel Max, DuraSeal)

and are retreadable

• HVA tires are more complex to manufacture than LVA tires

• Converting LVA to HVA capacity may not be a one-for-one conversion in tire units

– Segmented mold

– Advanced tread compounds

– Extra load constructions

LVA Tire

(Low-Value-Added)

HVA Tire

(High-Value-Added)Silica

Tread

Additional

Components

For HandlingCarbon Fiber

Dual Reinforced

Sidewalls

Dual Tread

Zones with

TredLock

Technology

0

50

100

150

200

250

300

350

400

450

500

2012 2013 2014 2015 2016 2017 2018 2019

Americas Consumer Tire Industryterms: Millions of Tires - Replacment & OE - North and Latin America

New Americas Consumer Tire Plant

9

403421

434 434443 450

460 468

2014-2019 Growth

Total = +34M (~7M/year, ~2%/year)

HVA = +76M (~15M/year, ~5%/year)

(a) • Goodyear building previously announced

tire plant in San Luis Potosi, Mexico

• Central location effectively supports

strong and growing demand for HVA tires

across both North and Latin America

• Annual capacity at ~6 million tires;

first production planned for mid-2017

• Total Capex to be $500 to $550 million

during 2015-2018, and funded within

existing capital allocation plan

• High return project with IRR of 18%, and

generating $100 million of free cash flow

per year once fully operational

(a) Source: LMC International and Goodyear internal analysis, November 2015

53%

58%62%

65%68%

70%72%

74%

Low

Value

Added

(LVA)

High

Value

Added

(HVA)HVA as % of

entire industry

Goodyear building world-class factory to meet growing demand for

high-value-added Consumer tires across the Americas

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2014-2016 Capital Allocation Plan

Executing on the 2014-2016 Capital Allocation Plan

Debt Repayment /

Pension Funding

Updated

(Feb. 2015)

Growth CapEx

Restructurings

Shareholder

Return Program

10* $0.65B approved by Board of Directors; increases dependent on Company performance including the achievement of financial targets

$0.6

$0.8

$3.6

~ $0.6B

~ $1.15B

$1.25B*

$0.9B

$3.8B

-

-

-

4.3x3.9x 4.1x

3.4x3.0x

~2.0 – 2.1x

2010 2011 2012 2013 2014 2016T

Balance Sheet Management –Leverage Targets

Leverage consistent with commitment to achieving investment grade metrics

Reduces cost of capital

Improves global access to credit

Committed to achieving investment grade

balance sheet by the end of 2016

Adjusted Debt / EBITDAP (a)

a) Total debt plus global pension liability, divided by net income before interest expense, income tax expense, depreciation and amortization expense,

net periodic pension cost, rationalization charges and other (income) and expense

Note: See reconciliations in Appendix on page 18.

Greater ability to move debt overseas

Ability to reduce cash balances

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12

Regular Dividend

$75 million per year

Shareholder Return Program

$0.07 per share quarterly dividend

effective December 1, 2015

Quarterly dividend increased 40% since

reinstatement in 2013

Anticipate increases over time as cash

flow and leverage improves

Shareholder return program demonstrates strong commitment

to shareholders and confidence in strategy

Share Repurchase

$450 million

Through Q3, we repurchased $313

million of our current board

authorization of $450 million or 11.5

million shares

Program designed to offset new

shares issued under equity

compensation programs and offer

incremental shareholder returns

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Key Takeaways

• Goodyear is a different company today after the turnaround of our

North American business and funding/freezing of US pension plans

• Goodyear is advantaged in a competitive industry and is positioned

to capitalize on growth in HVA tires

• Balanced capital allocation plan demonstrates commitment to

reaching investment grade, continuing to grow the business, and

returning capital to shareholders

Q&A

Appendix

Reconciliation for Segment Operating Income / Margin

$ In millions

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September 30,

2015 2014 2013 2012 2011 2010

Total Segment Operating Income 1,905$ 1,712$ 1,580$ 1,248$ 1,368$ 917$

Rationalizations (97) (95) (58) (175) (103) (240)

Interest expense (424) (428) (392) (357) (330) (316)

Other income (expense) 53 (302) (97) (139) (73) (186)

Asset write-offs and accelerated depreciation (9) (7) (23) (20) (50) (15)

Corporate incentive compensation plans (89) (97) (108) (69) (70) (71)

Pension curtailments/settlements - (33) - 1 (15) -

Intercompany profit elimination (2) 4 4 (1) (5) (14)

Retained expenses of divested operations (11) (16) (24) (14) (29) (20)

Other (82) (51) (69) (34) (75) (47)

Income before Income Taxes 1,244$ 687$ 813$ 440$ 618$ 8$

United States and Foreign Tax Expense (1,633) (1,834) 138 203 201 172

Less: Minority Shareholders Net Income 61 69 46 25 74 52

Goodyear Net Income 2,816$ 2,452$ 629$ 212$ 343$ (216)$

Sales $16,736 $18,138 $19,540 $20,992 $22,767 $18,832

Return on Sales 16.8% 13.5% 3.2% 1.0% 1.5% (1.1)%

Total Segment Operating Margin 11.4% 9.4% 8.1% 5.9% 6.0% 4.9%

Twelve Months Ended

December 31,

Reconciliation for Free Cash Flow from Operations

a) Working capital represents total changes in accounts receivable, inventories and accounts payable – trade.

b) Pension expense is the net periodic pension cost before curtailments, settlements and termination benefits as reported in the pension-related note in

the Notes to Consolidated Financial Statements.

c) Other includes amortization and write-off of debt issuance costs, net pension curtailments and settlements, net rationalization charges, net (gains)

losses on asset sales, net Venezuela currency loss, compensation and benefits less pension expense, other current liabilities, and other assets and

liabilities.17

The amounts below are calculated from the Consolidated Statements of Cash Flows except for pension expense, which is as reported in the pension-

related note in the Notes to Consolidated Financial Statements.

Sept. 30,

2015

Dec. 31,

2014

Dec. 31,

2013

Dec. 31,

2012

Dec. 31,

2011

Dec. 31,

2010

Net Income 2,877$ 2,521$ 675$ 237$ 417$ (164)$

Depreciation and Amortization 701 732 722 687 715 652

Change in Working Capital (a)261 (1) 415 457 (650) 52

Pension Expense (b)142 158 285 307 266 300

Provision for Deferred Income Taxes (1,766) (1,970) (34) 16 (55) 6

Gain on Recognition of Deferred Royalty Income (155) - - - - -

Capital Expenditures (945) (923) (1,168) (1,127) (1,043) (944)

Other (c)139 464 109 124 516 540

Free Cash Flow from Operations (non-GAAP) 1,254$ 981$ 1,004$ 701$ 166$ 442$

Capital Expenditures 945 923 1,168 1,127 1,043 944

Pension Contributions and Direct Payments (123) (1,338) (1,162) (684) (294) (405)

Rationalization Payments (162) (226) (72) (106) (142) (57)

Cash Flow from Operating Activities (GAAP) 1,914$ 340$ 938$ 1,038$ 773$ 924$

Trailing Twelve Months Ended

EBITDAP, Adjusted Debt & Leverage Ratio Reconciliations

18

$ in millions

(a) Pension expense is the net periodic pension cost before curtailments, settlements and termination benefits as reported in the pension-related note in the Notes to

Consolidated Financial Statements.

(b) Other includes rationalization charges and other (income) expense.

2014 2013 2012 2011 2010

Net Income (Loss) $2,521 $675 $237 $417 ($164)

Interest Expense 428 392 357 330 316

Income Tax (Benefit) Expense (1,834) 138 203 201 172

Depreciation and Amortization 732 722 687 715 652

Pension Expense(a) 158 285 307 266 300

Other(b) 397 155 314 176 426

EBITDAP, as adjusted $2,402 $2,367 $2,105 $2,105 $1,702

2014 2013 2012 2011 2010

Notes Payable and Overdrafts 30 14 102 256 238

Long-Term Debt and Capital Leases Due Within One Year 148 73 96 156 188

Long-Term Debt and Capital Leases 6,216 6,162 4,888 4,789 4,319

Total Debt $6,394 $6,249 $5,086 $5,201 $4,745

Global Unfunded Pension Obligations $714 $1,855 $3,522 $3,097 $2,549

Adjusted Debt $7,108 $8,104 $8,608 $8,298 $7,294

Adjusted Debt/EBITDAP 2.96x 3.42x 4.09x 3.94x 4.29x

Year Ended December 31,

December 31,