Dauch Corporation · NYSE:DCH
Dauch — Investor Presentation (December 2024)
21 slides from Dauch's investor presentation, December 2024
Slide 1: December 2024 Investor Presentation
December 2024 Investor Presentation
Slide 2: Forward-Looking Statements
Forward-Looking Statements In this presentation, we make statements concerning our expectations, beliefs, plans, objectives, goals, strategies, and future events or performance. Such statements are “forward-looking” statements within the meaning of the Private Securities Litigation Reform Act of 199
Slide 3: AAM Overview
AAM Overview
Slide 4: AAM - Quick Facts
AAM - Quick Facts Global leader in design, engineering and manufacturing of automotive propulsion systems and technologies to support electric, hybrid and ICE vehicles $6.1B 2023 Sales DRIVELINE METAL FORMING ▪ One of the leaders in hybrid and ▪ Strong position in electrified electric driveline solu
Slide 5: 3Q 2024 AAM Financial Highlights
3Q 2024 AAM Financial Highlights $1.50B $174.4M $74.6M Quarterly Third Quarter Adjusted Free Sales Adjusted EBITDA Cash Flow (11.6% margin) AAM Delivered Solid Performance 5 * For definitions of Adjusted EBITDA and Adjusted Free Cash Flow and non-GAAP reconciliations, please see the attached appendi
Slide 6: Business Update
Business Update Electric-Beam Win EV Components Components Win Divestiture AAM to supply AAM awarded EV Multiple ICE metal AAM announced sale electric-beam axles to components business forming programs of its India a Chinese OEM. to supply a awarded to AAM by commercial vehicle Launch is scheduled p
Slide 7: 2024 Financial Outlook
2024 Financial Outlook (as of November 8, 2024) 2024 Financial Targets Full Year Sales $6.1 - $6.15 billion Adjusted EBITDA $715 - $745 million Adjusted Free Cash Flow $200 - $220 million • These targets are based on North American light vehicle production of ~15.5 million units, current customer pr
Slide 8: Consistent Deleveraging
Consistent Deleveraging Total Debt ($mm) (1) Since the MPG acquisition in 2017, total $3,969 debt has been reduced by over $1.5bn $3,745 $3,579 $3,412 $1,619 $3,052 $2,900 $1,595 $2,760 $2,632 $1,529 $1,412 $1,152 $1,220 $1,132 $1,132 $2,350 $2,150 $2,050 $2,000 $1,900 $1,680 $1,628 $1,500 2017(2) 2
Slide 9: Debt Maturity Profile
Debt Maturity Profile AAM has a healthy debt maturity profile with minimal long-term maturities until 2027. Note: The Term Loan A has quarterly amortization payments. 9
Slide 10: AAM Long-Term Value Creation
AAM Long-Term Value Creation • Balanced mix of customers and geography. Diversification • Expand our product portfolio, driving opportunities with new OEMs and regions. • Agnostic to propulsion market changes. • Grow above market by leveraging scale and technology. • Protect and extend the core busi
Slide 11: Supplemental Data
Supplemental Data
Slide 12: Reconciliation of Non-GAAP Measures
Reconciliation of Non-GAAP Measures In addition to the results reported in accordance with accounting principles generally accepted in the United States of America (GAAP) included within this presentation, we have provided certain information, which includes non-GAAP financial measures. Such informa
Slide 13: EBITDA and Adjusted EBITDA Reconciliation
Supplemental Data* EBITDA and Adjusted EBITDA Reconciliation ($ in millions) Three Months Ended Nine Months Ended September 30, September 30, 2024 2023 2024 2023 Net income (loss) $ 10.0 $ (17.4) $ 48.7 $ (14.5) Interest expense 45.2 50.8 142.1 151.5 Income tax expense (benefit) (12.1) (2.0) 21.0 3.
Slide 14: EBITDA and Adjusted EBITDA for the Last Twelve Months
Supplemental Data* EBITDA and Adjusted EBITDA for the Last Twelve Months Ended September 30, 2024 ($ in millions) Last Twelve Quarter Ended Months Ended December 31, March 31, June 30, September 30, September 30, 2023 2024 2024 2024 2024 Net income (loss) $ (19.1) $ 20.5 $ 18.2 $ 10.0 $ 29.6 Interes
Slide 15: Adjusted Earnings (Loss) Per Share Reconciliation
Supplemental Data* Adjusted Earnings (Loss) Per Share Reconciliation Three Months Ended Nine Months Ended September 30, September 30, 2024 2023 2024 2023 Diluted earnings (loss) per share $ 0.08 $ (0.15) $ 0.40 $ (0.12) Restructuring and acquisition-related costs 0.02 0.04 0.08 0.14 Impairment charg
Slide 16: Free Cash Flow and Adjusted Free Cash Flow Reconciliation
Supplemental Data* Free Cash Flow and Adjusted Free Cash Flow Reconciliation ($ in millions) Three Months Ended Nine Months Ended September 30, September 30, 2024 2023 2024 2023 Net cash provided by operating activities $ 143.6 $ 178.3 $ 304.2 $ 343.2 Less: Capital expenditures net of proceeds from
Slide 17: Net Debt and Net Leverage Ratio
Supplemental Data* Net Debt and Net Leverage Ratio ($ in millions) September 30, 2024 Current portion of long term debt $ 42.7 Long-term debt, net 2,638.3 Total debt, net 2,681.0 Less: Cash and cash equivalents 542.5 Net debt at end of period 2,138.5 Adjusted LTM EBITDA $ 757.9 Net Leverage Ratio 2.
Slide 18: Segment Financial Information
Supplemental Data* Segment Financial Information ($ in millions) Three Months Ended Nine Months Ended September 30, September 30, 2024 2023 2024 2023 Segment Sales Driveline $ 1,042.8 $ 1,061.2 $ 3,273.7 $ 3,161.5 Metal Forming 596.5 624.8 1,893.7 1,878.1 Total Sales 1,639.3 1,686.0 5,167.4 5,039.6
Slide 19: Full Year 2024 Financial Outlook
Supplemental Data* Full Year 2024 Financial Outlook ($ in millions) Adjusted EBITDA Adjusted Free Cash Flow Low End High End Low End High End Net Income $ 15 $ 35 Net cash provided by operating activities $ 435 $ 455 Interest expense 190 190 Income tax expense 5 15 Capital expenditures net of procee
Slide 20: Definition of Non-GAAP Measures
Definition of Non-GAAP Measures EBITDA and Adjusted EBITDA We define EBITDA to be earnings before interest expense, income taxes, depreciation and amortization. Adjusted EBITDA is defined as EBITDA excluding the impact of restructuring and acquisition-related costs, debt refinancing and redemption c
Slide 21: www.aam.com
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