Slide 1: Q3 2025 Earnings Presentation
Q3 2025 EARNINGS PRESENTATION Transforming Precision and Powering the Next Generation of Innovation
Slide 2: Forward-looking statements
This presentation contains express and implied forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding our financial outlook for the full year of fiscal 2025, the impact of, and our ability to execute, our corporate strate
Slide 3: Strategic Value Enhancement Q3 2025 Highlights
Strategic Value Enhancement Q3 2025 Highlights New Business Momentum Key wins in defense, medical; expanded team with industry hires Portfolio Management Completing Phase 1 in creating scalable core business; preparing to expand via M&A Preferred Equity Refinancing Initiated discussions to refinance
Slide 4: Q3 2025 Key Metrics
4 Q3 2025 Key Metrics Net Sales: $103.9M Adjusted EBITDA: $12.4M; 11.9% Margin • (+) Power Solutions growth, new launches • (-) Mobile Solutions rationalization, auto production conservatism / uncertainty • 7.9% growth Y/Y growth on lower sales • Margins +170bps, on track for 13-14% 01 02 04 06 03 A
Slide 5: Update Primary Markets
5 Update Primary Markets Primary End Market Outlook NN’s Outlook vs. MarketMarket Indicators~% of NN RevenueEnd Market NN auto parts business is soft year-over- year. China continues to be strong, NN is in good position to benefit and is securing many new China wins. OEs keeping supply chains tight
Slide 6: NN Q3 2025 Financial Results Summary
ΔQ3’25Q3’24($millions) (8.5%)$103.9$113.6Net Sales +207.7%$4.0$1.3 Adj. Operating Income +6.9%$12.4$11.6Adj. EBITDA +170 bps11.9%10.2% Adj. EBITDA Margin % NN Q3 2025 – Financial Results Summary Adjusted EBITDA increased on less sales, winning new business 6 $11.6 $12.4 Adjusted EBITDA & Margin (%)
Slide 7: Steadily Improving Company Profitability Despite Some Sales Softness
7 Steadily Improving Company Profitability Despite Some Sales Softness 16.3% 17.5% 18.4% 2023 2024 2025 Q3 YTD Long Term Goal Adjusted Gross Margin (%) 20% +210 bps 8.8% 10.4% 11.4% 2023 2024 2025 Q3 YTD Long Term Goal Adjusted EBITDA (%) +260 bps 14% Improvements driven by: Implementation of cost
Slide 8: Power Solutions / Stamped Products Financial Results Summary
Power Solutions / Stamped Products – Financial Results Summary Adjusted EBITDA increased on sales increase, winning new business Net Sales: $44.9M, up $2.0M, or +4.6% (+) Higher precious metal prices, new launches in electrical and defense (-) Volumes, weakness from one electrical stamping customer
Slide 9: Mobile Solutions Financial Results Summary
$8.8 $6.7 2024 2025 Adjusted EBITDA & Margin ($millions) Net sales of $59.1M, down ($11.6M), or (16.4%) (-) Rationalized underperforming business at plants undergoing consolidation (-) Lower automotive volumes; NN’s softness concentrated with one customer (+) New program wins, launches and ramp-ups
Slide 10: Working Capital and Free Cash Flow Generation
Continuous improvement program in place for working capital: 20.8% reduction in working capital dollars, and reduced days of working capital from 79 to 70 days Current results unfavorably impacted by rising metal basis costs, especially gold and silver NN still has greater opportunity to relea
Slide 11: Prospecting, Winning and Launching New Business
2025 goal is $60M to $70M of new wins 24% hit rate on closed opportunities WIN based on unique value and bespoke solutions LOSE based on pricing / commodity technology >$750M pipeline pursued by global team of ~40 people Evaluating several new greenfield areas, especially in wire harness
Slide 12: Strategic M&A Program Update
NN is progressing from Phase 1 of its transformation and entering Phase 2 Phase 1: Creating a scalable core business that generates cash Optimizing cost structure resetting commercial gameplans Phase 2: Scale up and grow aggressively NN is actively evaluating acquisitions to accelerate gro
Slide 13: 2025 Outlook & Guidance
2025 OUTLOOK & GUIDANCE Guidance reflects near-term supply chain conservatism from top customers, impacting short-term volume outlooks North American passenger vehicle production outlooks show some signs of improvement going into 2026 Maintaining guidance for adjusted EBITDA, free cash flow, n
Slide 14: Appendix
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Slide 15: Non-GAAP financial measures
15 The Company discloses in this presentation the non-GAAP financial measures of adjusted gross margin, adjusted income (loss) from operations, adjusted EBITDA, adjusted EBITDA margin, adjusted net income (loss), adjusted net income (loss) per diluted share and free cash flow. Each of these non-GAAP
Slide 16: Reconciliation of GAAP Gross Profit to Non-GAAP Gross Profit and Gross Margin
16 Reconciliation of GAAP Gross Profit to Non-GAAP Gross Profit and Gross Margin
Slide 17: Reconciliation of GAAP Income from Operations to Adjusted EBITDA
17 Reconciliation of GAAP Income (Loss) from Operations to Non-GAAP Adjusted Income (Loss) from Operations and Non-GAAP Adjusted EBITDA
Slide 18: Reconciliation of GAAP Net Loss to Non-GAAP Adjusted Net Income
18 Reconciliation of GAAP Net Loss to Non-GAAP Adjusted Net Income (Loss) and GAAP Net Loss per Diluted Common Share to Non-GAAP Adjusted Net Income (Loss) per Diluted Common Share
Slide 19: Reconciliation of Operating Cash Flow to Free Cash Flow
19 Reconciliation of Operating Cash Flow to Free Cash Flow
Slide 20: Thank You
Thank You 20 Joe Caminiti or Stephen Poe NNBR@alpha-ir.com 312-445-2870 Investor & Media Contacts