Nn, Inc. · NASDAQ:NNBR
Nn — Sidoti March Small Cap Conference 2025
22 slides from Nn's conference presentation, Mar 21, 2025
Slide 1: Sidoti March Small Cap Conference Presentation March 2025
Exhibit 99.1 Sidoti March Small Cap Conference Presentation March 2025
Slide 2: Forward Looking Statement & Disclosures
Forward Looking Statement & Disclosures Except for specific historical information, many of the matters discussed in this presentation may express or imply projections of revenues or expenditures, statements of plans and objectives or future operations or statements of future economic performance. T
Slide 3: NN At A Glance
Revenue* Adjusted EBITDA* NN At A Glance $464 Million $48 million ▪ Best-In-Class maker of high-precision, complex metal products for ~ 45 years, public for ~30 years ▪ Strategic Partner to diversified and global customer base with long standing business Adjusted relationships and long-running busin
Slide 4: Globally Competitive Operational Footprint
Globally Competitive Operational Footprint Close-to-customer engineering centers coupled with both localized production for local markets and global low-cost footprint ▪ Close proximity to customers in all major markets to meet local needs ▪ Low-cost country footprint aligned with strategy and facil
Slide 5: Investment Highlight: Enterprise Transformation Underway and Showing Good Results
Investment Highlight: Enterprise Transformation Underway and Showing Good Results Enterprise Transformation Lower Cost of Capital & Make Critical Precision Parts New Top New Approach to Winning Underway – Delivering for Attractive End Markets Improve Capital Structure Leadership Team Future Business
Slide 6: Power Solutions: Stamped & Assembled Metal Products
Power Solutions: Stamped & Assembled Metal Products Many well-positioned customers, strong new wins → Added growth in FY’25 Power Solutions – Stamped & Assembled Products Specializing in hard-to-make Stampings & Platings Provides: Customers with precision stamped parts, electroplated parts, assembly
Slide 7: Mobile Solutions: Machined Metal Products
Mobile Solutions: Machined Metal Products Many well-positioned global customers with global agendas → Added growth in 2025 Mobile Solutions – Machined Products Specialize in tough, quiet parts with micron tolerances Provides: Customers with precision machining and finishing capabilities to develop 6
Slide 8: NN's 5-Year Plan for Growing Sales and Profits
NN’s 5-Year Plan for Growing Sales and Profits Pathway to Achievement Near-Term Progress 2028 Goals ▪ $40 million of net annual growth driven by $65 million of annual new awards and $25 million of EOPs / walkaways Secured $149 million of new business ▪ Higher growth targeted in stamped products, med
Slide 9: 5-Year Plan to Grow and Diversify Revenue Profile to $650 million
5-Year Plan to Grow and Diversify Revenue Profile to $650 million → $600 million Organic + $50 million of Growth via Acquisition Program Goal Status • Performing in-line with $40 million annual new wins growth (net) goal • Based on $65 million annual new wins target & ($25) million of EOPs New Wins
Slide 10: Key Markets Update
Key Markets Update → NN is in three main markets and five smaller markets North America Market: ~70% of NN's Revenue ▪ NA Automotive – top market nd * ➢ US is the 2 largest auto market in the world, producing ~16 million light duty vehicles in 2024, up 2% ➢ US-proposed tariffs to further protect the
Slide 11: Transformation Update: 2025 Will Be Another Advancement Year
Transformation Update: 2025 Will Be Another Advancement Year From 0 to 60% Complete in Six Quarters 1. Modify leadership to mirror and lead the new forward agenda New Leadership 80% 2. Confront and resolve chronic underperforming plants – some plant consolidations are required, gating to cashflow. H
Slide 12: NN's China Footprint is World-Class
NN's China Footprint is World-Class NN Asia Presence is Large & Growing Win in China and Win Globally ▪ China footprint includes 3 plants and we have been in China for almost 2 decades ▪ (1) company-owned machining plant ▪ (1) company-owned stamping plant ▪ (1) JV-owned machining plant (NN has 49% o
Slide 13: Balance Sheet Improvement Update: Term Loan Refinancing Underway
Balance Sheet Improvement Update → Term Loan Refinancing Underway Refinancing Goals • Improved operational flexibility through improved terms and structure • Lower overall cost of capital • Create available capacity to continue cost-out and consolidation, enable M&A when the time is right Rebooted T
Slide 14: Current Events that Matter to NN
Current Events that Matter to NN 1. Tariff Wars and Uncertainties ➢ Management team has experience going through Trump 1.0 and Covid-19 ➢ Input cost changes will lead to tough business talks with customers, we are ready 2. China auto producers are low-cost and aggressive ➢ NN is well positioned with
Slide 15: 2025 Current Outlook
2025 Current Outlook → Current market conditions and FX outlooks are pushing guidance towards lower half of ranges Net Sales of $450 to $480 million* ▪ Slight growth vs. 2024 on a pro forma basis ▪ Will get a lift to the base business from new business launches in 2025. ~ 70 new business programs la
Slide 16: Investor Contacts / Thank You
Investor Contacts Joe Caminiti or Stephen Poe, Investors NNBR@alpha-ir.com 312-445-2870 Thank You 16
Slide 17: Turnaround of the 'Group of 7' Plants
Turnaround of the ‘Group of 7’ Plants Over Last 6 Quarters 2023 2025 Outlook What New Management Has Done Sales: $112.6M Sales: $74.6M Adj. EBITDA: ($11.5)M Adj. EBITDA: $5.1M Going Forward New management uncovers that 7 plants are negative Adjusted EBITDA ▪ Every plant has positive Adj. EBITDA 2025
Slide 18: Full-Year Financial Highlights
Full-Year Financial Highlights As Reported Pro Forma 2023 Pro Forma Adjustments Rationalized Customer Precious ($millions) 2023 2024Δ Lubbock FX Total 2023 2024Δ Volume Settlement Metals ($10.9) ($8.6) ($1.1) - ($3.5) ($24.1) Net Sales $489.3 $464.3 ($25.0) $465.2 $464.3 ($0.9) Adj. Operating Income
Slide 19: Power Solutions – Stamped Products: Q4'24 Highlights
Power Solutions – Stamped Products: Q4‘24 Highlights Adjusted EBITDA & Margin Q4’24 Sales Bridge ($ millions) ($ millions) 16.2% $43.3 15.2% $4.4 $39.2 ($8.5) ($0.0) $29.2 $28.3 15.3% 14.2% $6.6 Q4 2023 Volume FX Pass-thru Q4 2024 $5.6 Increase Decrease Total Full Year Fourth Quarter 2023 2024 2023
Slide 20: Mobile Solutions – Machined Products: Q4'24 Highlights
Mobile Solutions – Machined Products: Q4‘24 Highlights Q4’24 Sales Bridge Adjusted EBITDA & Margin ($ millions) ($ millions) 12.5% $1.7 9.8% $69.2 $67.4 ($1.1) ($1.6) ($1.0) 14.8% $35.6 10.3% $29.8 $10.0 $7.1 Q4 2023 Price Volume FX Pass-thru Q4 2024 Increase Decrease Total Fourth Quarter Full Year
Slide 21: Reconciliation of GAAP Income (Loss) from Operations to Non-GAAP Adjusted EBITDA
Reconciliation of GAAP Income (Loss) from Operations to Non-GAAP Adjusted Income (Loss) from Operations and Non-GAAP Adjusted EBITDA 21
Slide 22: Non-GAAP Financial Measures Footnotes
Non-GAAP Financial Measures Footnotes The Company discloses in this presentation the non-GAAP financial measures of adjusted income (loss) from operations, adjusted EBITDA, adjusted net income (loss), adjusted net income (loss) per diluted share, free cash flow and net debt. Each of these non-GAAP f