Slide 1: Transformed and Ready to Launch
TRANSFORMED AND READY TO LAUNCH Investor Presentation December 2025
Slide 2: Forward Looking Statements
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 long-term targets, the impact of, and our ability to execute, our corporate strategies
Slide 3: At a Glance
3 At a Glance ▪ NN is a precision component producer that delivers custom-made products and processes through customer co-development ▪ NN is known for delivering exceptional functionality and delivered quality that makes us BEYOND RELIABLE ▪ Well positioned in several attractive end-markets 9001:20
Slide 4: Global Footprint That Matches Our Customer's Requirements
4 ▪ Global footprint to compete and win with both local customers and global customers ▪ ~2,600 full-time employees and ~700 JV employees serving ~700 customers in 6 end-markets on 4 continents from 24 facilities ▪ NN has a JV business in China with Weifu, this is separate from NN’s 2 wholly owned C
Slide 5: Investment Thesis: Comprehensive Transformation Remains On-Track
5 Investment Thesis: Comprehensive Transformation Remains On-Track Ramping Up Significant Amount of New Wins Positioned for Recovery in Legacy Business Transforming Revenue & Cost Profile Purposeful mix shift to higher margin products and growth in attractive end markets, Coupled with targeted cost
Slide 6: On-Track for Long-Term Targets
On-Track for Long-Term Targets 6 Net sales of $600M through organic growth & market recovery • $325M of new business wins driving multi-year growth & improved mix Adjusted EBITDA margins of 13-14%; Gross Margin 18-20% • Consistent, focused program delivering continuous improvement Optimize balance s
Slide 7: New Win Program: Driving Growth, Transforming Sales Mix
7 New Win Program: Driving Growth, Transforming Sales Mix New Wins Are Transforming Sales Profile • Will return to Y/Y sales growth in 2026 • 2026: 1st year of targeted amount of launches from ~$191M new business wins from 2023 thru Nov. 25, 2025 • De-emphasizing U.S. Auto • Now ~10% of NN portfolio
Slide 8: 2026: 1st Full Year of Targeted Amount of Sales Launches & Ramp Ups
2026: 1st Full Year of Targeted Amount of Sales Launches & Ramp Ups 8 Note: Revenue estimates based on current contracts and program rollout forecasts from customers, subject to market change 2023 thru 2025 YTD $191M of New Wins 630 new programs 27% average Gross Margin $829M pipeline 22% hit rate i
Slide 9: Intentionally Shifting the Sales Mix -- Customers, Products, End Markets
Intentionally Shifting the Sales Mix -- Customers, Products, End Markets 9 Current Sales Mix & End Market Ranking 1 Electrical Grid / Electrical Distribution 2 Defense and Electronics 3 Auto – China 4 Commercial Vehicle 5 Industrial / Other 6 N. American Auto 7 S. American Auto 8 European Auto 9 Med
Slide 10: Recently Added Multiple Industry Veterans to Strengthen Sales Push into New, Adjacent Markets
10 Recently Added Multiple Industry Veterans to Strengthen Sales Push into New, Adjacent Markets New Adjacent Complementary MarketsCore Markets Automotive Electrical Medical Defense General Industrial Infotainment Drones Data Centers AGV (Automated Guided) Vehicles) Robots Power Generation Laser Opt
Slide 11: NN China Delivers Consistent Accretive Growth, Good Sales Mix
NN China Delivers Consistent Accretive Growth, Good Sales Mix 11 $79.0 US$0.0 US$20.0 US$40.0 US$60.0 US$80.0 US$100.0 Y2012 Y2013 Y2014 Y2015 Y2016 Y2017 Y2018 Y2019 Y2020 Y2021 Y2022 Y2023 Y2024 Y2025 Expected Unit: $Million USD • NN has been growing its sales and profits in China for over 20 year
Slide 12: Q3 2025 Key Metrics
12 Q3 2025 Key Metrics Business Improving Y/Y on Less Global Auto Sales Net Sales: $103.9M Adjusted EBITDA: $12.4M; 11.9% Margin (+) Power Solutions growth, new launches (-) Mobile Solutions “80/20” rationalization, auto production uncertainty • Growing 7.9% Y/Y on “80/20” focused sales, improving m
Slide 13: Update on Key End-Markets
13 Update on Key End-Markets Electrical Grid & Electrical Distribution Defense & Electronic Systems China Auto US GDP-Linked Industrial Americas & Europe Auto Commercial Vehicle Medical Equipment & Surgical Tools - Key Growth Focus - - Key Growth Focus - Market Indicators ― NA electrical market has
Slide 14: Consistent, Focused Program is Driving Up Company Profitability
14 Consistent, Focused Program is Driving Up Company Profitability 16.4% 17.5% 18.4% 2023 2024 2025 Q3 YTD Long Term Goal Adjusted Gross Margin (%) 20% +200 bps 8.6% 10.3% 11.4% 2023 2024 Q3'25 TTM Long Term Goal Adjusted EBITDA Margin (%) +280 bps 13-14% Multi-Faceted Improvement Program is Working
Slide 15: Positioned for Success
Positioned for Success 15 NN is uniquely positioned to drive meaningful performance and value creation + Cyclical Recovery of Legacy Markets + Ramp up of New Business + Materially Lower Cost Footprint = Significant Leverage to our Bottom Line!
Slide 16: What's Next? Momentum into 2026
16 What’s Next? Momentum into 2026 Transformation will continue to deliver results Prioritizing shareholder value: evaluating all value maximizing options Value unlock through balance sheet • Markets and New Wins driving towards Y/Y sales growth in 2026 • Transformation advancing and continuing on a
Slide 17: Appendix
>>> Appendix KK
Slide 18: Non-GAAP Financial Measures
18 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 19: Reconciliation of GAAP Gross Profit to Non-GAAP Gross Profit and Gross Margin
19 Reconciliation of GAAP Gross Profit to Non-GAAP Gross Profit and Gross Margin
Slide 20: Reconciliation of GAAP Income (Loss) from Operations to Non-GAAP Adjusted EBITDA
20 Reconciliation of GAAP Income (Loss) from Operations to Non-GAAP Adjusted Income (Loss) from Operations and Non-GAAP Adjusted EBITDA
Slide 21: Reconciliation of Operating Cash Flow to Free Cash Flow
21 Reconciliation of Operating Cash Flow to Free Cash Flow