Dana Incorporated · NYSE:DAN
Dana — Q2 2025 Earnings Presentation
27 slides from Dana's earnings presentation, Aug 5, 2025
Slide 1: Dana Reports Strong Second-quarter Financial Results; Raises 2025 Full-year Guidance
IMMEDIATE Dana Incorporated Reports 2025 Strong Second-quarter Financial Results; Raises 2025 Full-year Guidance Second Quarter Highlights Sales of $1.9 billion from continuing operations; $662 million from discontinued operations Income (loss) before taxes was $(24) million from continuing operatio
Slide 2: 2025 Financial Targets Revised for Discontinued Operations
2025 Financial Targets Revised for Discontinued Operations Results for the Off-Highway business will be reported as discontinued operations. The current guidance targets below are for continuing operations for the full year 2025. The prior guidance method is illustrative, showing what updated guidan
Slide 3: Non-GAAP Financial Information
be an alternative measure to net income (loss) attributable to the parent company reported in accordance with GAAP. Diluted adjusted EPS is a non-GAAP financial measure which we have defined as adjusted net income (loss) attributable to the parent company divided by adjusted diluted shares. We defin
Slide 4: About Dana Incorporated
About Dana Incorporated Dana is a leader in the design and manufacture of highly efficient propulsion and energy-management solutions that power vehicles and machines in all mobility markets across the globe. The company is shaping sustainable progress through its conventional and clean-energy solut
Slide 5: 2025 Second-Quarter Earnings Conference Call
Value Others | Inspire Innovation | Grow Responsibly | Win Together August 5, 2025 2025 Second-Quarter Earnings Conference Call
Slide 6: Forward-looking statements
Certain statements and projections contained in this presentation are, by their nature, forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on our current expectations, estimates and projections about our industry and
Slide 7: Agenda
Craig Barber Senior Director, Investor Relations and Corporate Communications Introduction R. Bruce McDonald Chairman and Chief Executive Officer Business Review Timothy Kraus Senior Vice President and Chief Financial Officer Financial Review Agenda
Slide 8: Second-Quarter Highlights
Second-Quarter Highlights Announced definitive agreement to sell off-highway business $2.7 billon purchase price; $2.4 billion net cash proceeds Expected to close late in the fourth quarter of 2025 Announced $1 billion capital return authorization and $2 billion debt reduction plan Increasing 2025 c
Slide 9: New Dana: Focused Markets and Technologies
New Dana: Focused Markets and Technologies DRIVE ELECTRODYNAMIC THERMAL SEALING Axles, e-Axles, propshafts / driveshafts, conventional, hybrid and BEV transmissions Motors, inverters, controllers, software, and bi-polar fuel-cell plates Battery, motor, and electronics cooling; transmission and engin
Slide 10: 2025 Full-Year Financial Guide
2025 Full-Year Financial Guide 2025 Revised Guidance Midpoints Sales, Adj EBITDA, and Adj FCF Guidance Raised See appendix for comments regarding the presentation of non-GAAP measures Continuing Ops Discontinued Ops Total Dana Prior Sales Guidance ~$7,150 ~$2,625 ~$9,775 YTD Guidance Update $250 $(1
Slide 11: Financial Review
Financial Review
Slide 12: 2025 Q2 Financial Results
See appendix for comments regarding the presentation of non-GAAP measures Reduced sales YoY largely driven by continued lower demand in all end markets Efficiency improvements and cost savings actions offsetting some margin impact of lower sales and tariff costs ($ in millions, except EPS) Q2 ‘25 Q2
Slide 13: 2025 Q2 Sales and Profit Changes
Results are presented excluding the Off-Highway business which is now considered discontinued operations Reduced sales YoY largely driven by continued lower demand in all end markets Operating efficiency efforts mitigated the margin impact from volume declines Further accelerated cost savings action
Slide 14: 2025 Q2 Free Cash Flow
2025 Q2 Free Cash Flow Free cash flow includes cash generated from both continuing and discontinued operations, to align with deal structure One-time costs increased due to restructuring and strategic transactions Higher taxes driven by JV disposals, timing of payments, and jurisdictional mix Workin
Slide 15: 2025 Full-Year Financial Guide
2025 Full-Year Financial Guide Current sales and adjusted EBITDA guidance excludes the discontinued Off-Highway operations for the full year Tariff assumption includes recovery of majority of gross impact within the calendar year 2025 Revised Guidance Ranges Guidance for Continuing Operations Increa
Slide 16: 2025 Full-Year Sales and Profit Changes
~$7,400M ~$575M Results are presented excluding the Off-Highway business which is now considered discontinued operations Profit impact of volume declines more than offset by pricing and operating efficiency efforts Anticipated tariffs driving negative profit and margin impacts due to lags in recover
Slide 17: 2025 Full-Year Free Cash Flow
2025 Full-Year Free Cash Flow Higher profit, improved working capital efficiency, and lower capital investment requirements driving improvement over last year Increase in net interest payments due to higher rates Higher taxes driven by JV disposals, timing of payments, and jurisdictional mix 1 Inclu
Slide 18: Capital Allocation Priorities
Capital Allocation Priorities Source: Dana Balance Sheet and Capital Allocation Liquidity & Debt Capital Cash Balance1 $486M Revolver Capacity2 $865B Liquidity2 ~$1.35B 1Available cash and cash equivalents as of 6/30/25 2 Includes $250M repayment on 7/31/2025 Strong Balance Sheet and Exceptional Cap
Slide 19: New Dana: Outlook 2026 and Beyond
New Dana: Outlook 2026 and Beyond $310M cost savings plan on track for 2026 Anticipate that in 2026, New Dana will have: Adjusted EBITDA margins of 10%-10.5% Cost savings plan: +100 bps Accretive new business: +60 bps Eliminated stranded costs: +50 bps Additional operational performance: +40 bps Sig
Slide 20: Appendix
A p pend Ix @
Slide 21: 2025 Q2 Sales and Profit Change by Segment
See appendix for comments regarding the presentation of non-GAAP measures Sales Adjusted EBITDA 6.4% 2025 Q2 Sales and Profit Change by Segment Light Vehicle Systems Sales Adjusted EBITDA 3.2% Commercial Vehicle Systems 5.9% 6.0% 8.4% 7.8%
Slide 22: Segment Profiles
Segment Profiles CUSTOMER SALES REGIONAL SALES Light Vehicle Systems Commercial Vehicle Systems Year to Date 6/30/2025 Year to Date 6/30/2025 * Includes sales to systems integrations for driveline products that support Stellantis vehicles
Slide 23: Segment Data
Segment Data DANA INCORPORATED Segment Sales and Adjusted EBITDA (Unaudited) For the Three Months Ended June 30, 2025 and 2024 Three Months Ended (in millions) June 30, 2025 2024 Sales Light Vehicle $ 1335 $ 1,401 Commercial Vehicle 600 646 Total Sales $1935 $2,047 ‘Adjusted EBITDA Light Vehicle $ 1
Slide 24: Segment Data Continued
Segment Data Continued DANAINCORPORATED DANA INCORPORATED before Income Taxes. Le to Adjusted EBITDA (Unaudited) For the Six Months Ended June 30, 2025 and 2024 L to Adjusted EBITDA (Unaudited) For the Three Months Ended June 30, 2025 and 2024 ‘Three Months Ended SixMonths Ended @ (a mitions) ‘Loss
Slide 25: Segment Data Continued
Segment Data Continued DANA INCORPORATED of Earning: iscontit )perations before Income Taxes. to Adjusted EBITDA (Unaudited) For the Three Months Ended June 30, 2025 and 2024 ‘Three Months Ended (a millions) June 30, 2025, 2024 Eamings from discontinued operations before income taxes Ss 7 $ 120 Inte
Slide 26: Non-GAAP financial measures
Adjusted EBITDA is a non-GAAP financial measure which we have defined as net income (loss) before interest, income taxes, depreciation, amortization, equity grant expense, restructuring expense, non-service cost components of pension and other postretirement benefit costs and other adjustments not r
Slide 27: Dana
DANA