Slide 1: 2024 First-Quarter Earnings Conference Call
2024 First-Quarter Earnings Conference Call APRIL 30, 2024
Slide 2: Safe Harbor Statement
Safe Harbor Statement 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
Slide 3: Agenda
Agenda Craig Barber Senior Director, Investor Relations and Corporate Communications Introduction James Kamsickas Chairman and Chief Executive Officer Business Review Timothy Kraus Senior Vice President and Chief Financial Officer Financial Review
Slide 4: Company-Wide Efficiency Improvements and Improving Customer Order Patterns Driving Profit and Cash Flow Growth
Company-Wide Efficiency Improvements and Improving Customer Order Patterns Driving Profit and Cash Flow Growth Q1 Financial Results Highlights sales $2.7 billion $91 million from prior year free cash flow $(172) million adjusted EBITDA $223 million Company-Wide efficiency improvements Financial outl
Slide 5: Business Environment: 2024 Outlook
Company-wide Efficiencies Supply Chain New Programs & Refreshed Base Business 2024 Outlook Construction Improved customer production stability increasing productivity Continued lowering production costs Efficiency improvements in all areas of the enterprise Cost Inflation Moderating OEM Production S
Slide 6: Dana's Patented Electro-Mechanical, Infinitely Variable Transmission (EMIVT)
Dana’s Patented Electro-Mechanical, Infinitely Variable Transmission (EMIVT) operates in engine-only, hybrid, or full-battery electric modes PACE Award: Electro-Mechanical, Infinitely Variable Transmission Improved Sustainability Enhanced Performance and Functionality Safer Working Environment Reduc
Slide 7: Industry and Customer Recognition
Industry and Customer Recognition Recognition Demonstrates Dana’s Ethical Foundation, Customer Focus, and Technological Expertise
Slide 8: Financial Review
Financial Review APRIL 30, 2024
Slide 9: Q1 2024 Financial Results
See appendix for comments regarding the presentation of non-GAAP measures Higher sales driven by renewed vehicle programs, new business, and market share gains in commercial vehicle market Increased production efficiency, company-wide cost improvement actions, and more stable customer order patterns
Slide 10: 2024 Q1 Sales and Profit Changes
Higher organic sales driven by renewed vehicle programs, new business, and market share gains in commercial vehicle market partially offset by lower sales in off-highway agriculture markets Higher demand for battery cooling products driving increased EV sales Company-Wide cost management and product
Slide 11: 2024 Q1 Free Cash Flow
2024 Q1 Free Cash Flow Increase in net interest payments due to higher rates and payment timing from refinancing Lower working capital requirements due to focused management of inventory and receivables Reduced capital spending required to support new business backlog and replacement business due to
Slide 12: 2024 FY Financial Guide
Sales Adjusted EBITDA Implied Profit Margin Free Cash Flow Diluted EPS 2024 FY Financial Guide Sales growth driven by new business backlog, improved end-market demand, new/refreshed programs, and market share gains Company-wide efficiency improvements drive higher margins YOY free cash flow improvem
Slide 13: 2024 FY Sales and Profit Changes
Organic growth driven by strong sales, pricing, and market share gains Strong conversion on organic growth due to improved efficiencies and cost savings actions Cost recovery actions expected to mostly offset inflation Positive profit contribution on EV sales offset by investment in new program deve
Slide 14: 2024 FY Free Cash Flow
2024 FY Free Cash Flow Raising full-year guidance due to improved working capital efficiency Higher profit and lower capital investment requirements Increase in net interest payments due to higher rates and payment timing from refinancing 1 Includes costs associated with business acquisitions and di
Slide 15: Dana
DANA
Slide 16: Non-GAAP Financial Information
Non-GAAP Financial Information 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 co