Nn, Inc. · NASDAQ:NNBR
Nn — Gabelli Funds 49th Annual Automotive Symposium 2025
26 slides from Nn's conference presentation, Nov 3, 2025
Slide 1: Transformed and Ready to Launch
TRANSFORMED AND READY TO LAUNCH Gabelli Funds 49th Annual Automotive Symposium November 2025
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: Investment Thesis: Transformation through a Volatile Market
3 Investment Thesis: Transformation through a Volatile Market Transform Legacy Business; Strengthen base business, grow cash flows Positioned for Eventual Recovery of Legacy Business Ramp Up New Business Wins Refi Balance Sheet, Build Up Via M&A; Phase 1 Phase 2 Launching Wins & Scaling Aggressively
Slide 4: Top-Line Results Poised to Pivot in 2026
Catalyze Growth, Scale UpPrepare for Pivot Top-Line Results Poised to Pivot in 2026 4 4 Creating Scalable Core Pivoting towards new, revamped, and improved revenue profile from new wins over last 8 quarters NN has prepared its base business for coming catalysts, which will translate into growth, cas
Slide 5: At a Glance
5 At a Glance ▪ NN is a precision component producer, adding value through co- development in the design for manufacturing with innovative, bespoke processing and continuous improvement with exceptional quality that makes us Beyond Reliable ▪ Award winning developer and manufacturer of custom metal
Slide 6: Global Footprint That Matches Our Customer's Requirements
6 ▪ ~2,600 full-time employees and ~700 JV employees serving 600 customers in 6 end- markets on 4 continents from 24 facilities ▪ Global footprint to compete and win with both local customers and global customers ▪ China footprint includes 2 wholly-owned plants and 1 joint venture plant with Weifu G
Slide 7: Soft end markets showing signs of recovery
Against this successful transformation which improved our cost position, quality and on-time delivery performance, we have experienced soft end markets that are showing signs of recovery 7 Sales in NA Commercial Vehicles will likely normalize in 2nd Half 2026 ▪ Freight is in a 3-year recession ▪ We
Slide 8: Update Primary Markets
8 Update Primary Markets Note: NN Revenue percentages are management estimates as of November 2025 Auto Passenger Vehicle Electrical Grid & Electrical Distribution Defense & Electronic Systems US GDP-Linked Industrial Commercial Vehicle Medical Equipment & Surgical Tools ~NN % of Sales 40% 20% 15% 1
Slide 9: Strategic Plan
9 Strategic Plan ▪ $40M of net annual growth driven by $65M of annual new awards and $25M of EOPs and price clearing / rationalization ▪ Assumes steadying base business performance over time ▪ Targets in each area – leveraging installed assets supplem ▪ Strategic acquisitions to accelerate strategy
Slide 10: Steadily Improving Company Profitability Despite Sales Softness
10 Steadily Improving Company Profitability Despite 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-con
Slide 11: Targeting, Prospecting, and Winning New Business
▪ 2025 goal is $60M - $70M of new wins ▪ 24% hit rate on closed opportunities ➢ WIN based on unique value and bespoke solutions ➢ LOSE based on pricing / commodity technology ▪ >$850M pipeline pursued by global team of ~40 people ▪ Evaluating several new greenfield areas, especially in wire harnesse
Slide 12: Now Entering 1st Full Year of Launches
Now Entering 1st Full Year of Launches 12 Note: Revenue totals are based on management estimates based on current contracts and program rollout forecasts from customers 2023-25 $182M of new business to SOP awarded Price clearing & EOP-targeted legacy business Installing a commercial team with skills
Slide 13: Steadily Growing China Business for a Long Time
Steadily Growing China Business for a Long Time 13 … US$0.0 US$20.0 US$40.0 US$60.0 US$80.0 US$100.0 US$120.0 US$140.0 Y2012 Y2013 Y2014 Y2015 Y2016 Y2017 Y2018 Y2019 Y2020 Y2021 Y2022 Y2023 Y2024 Y2025 Goal Sales in $USD Millions for wholly-owned business • NN has been growing its wholly-owned busi
Slide 14: 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 15: 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 16: Q3 2025 Key Metrics
16 Q3 2025 Key Metrics Net Sales: $103.9M Adjusted EBITDA: $12.4M; 11.9% Margin • (+) Power Solutions growth, new launches • (-) Mobile Solutions rationalization, auto production conservatism / uncertainty • 7.9% growth Y/Y growth on lower sales • Margins +170bps, on track for 13-14% 01 02 04 06 03
Slide 17: NN Q3 2025 Financial Results Summary
($millions) Q3’24 Q3’25 Δ Net Sales $113.6 $103.9 (8.5%) Adj. Operating Income $1.3 $4.0 +207.7% Adj. EBITDA $11.6 $12.4 +6.9% Adj. EBITDA Margin % 10.2% 11.9% +170 bps NN Q3 2025 – Financial Results Summary Adjusted EBITDA increased on less sales, winning new business 17 $11.6 $12.4 Adjusted EBITDA
Slide 18: Investment Thesis: Transformation through a Volatile Market
18 Investment Thesis: Transformation through a Volatile Market Transform Legacy Business; Strengthen base business, grow cash flows Positioned for Eventual Recovery of Legacy Business Ramp Up New Business Wins Refi Balance Sheet, Build Up Via M&A; Phase 1 Phase 2 Launching Wins & Scaling Aggressivel
Slide 19: Positioned for Success
Positioned for Success 19 NN is uniquely positioned to drive meaningful performance and value creation + The cyclical recovery of our legacy markets + Steady ramp up of new business + Atop a materially more profitable, streamlined footprint = Significant leverage to our bottom line!
Slide 20: Appendix
>>> Appendix KK
Slide 21: Non-GAAP Financial Measures
21 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 22: Reconciliation of GAAP Gross Profit to Non-GAAP Gross Profit and Gross Margin
22 Reconciliation of GAAP Gross Profit to Non-GAAP Gross Profit and Gross Margin
Slide 23: Reconciliation of GAAP Income from Operations to Adjusted EBITDA
23 Reconciliation of GAAP Income (Loss) from Operations to Non-GAAP Adjusted Income (Loss) from Operations and Non-GAAP Adjusted EBITDA
Slide 24: Reconciliation of GAAP Net Loss to Non-GAAP Adjusted Net Income
24 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 25: Reconciliation of Operating Cash Flow to Free Cash Flow
25 Reconciliation of Operating Cash Flow to Free Cash Flow
Slide 26: Thank You
Thank You 26 Joe Caminiti or Stephen Poe NNBR@alpha-ir.com 312-445-2870 Investor & Media Contacts
NN — Gabelli Funds 49th Annual Automotive Symposium 2025 on 6ix