Slide 1: Beyond Reliable: 2025 Q1 Earnings
PNNS BEYOND RELIABLE 2025 QI Earnings May 8, 2025
Slide 2: Forward Looking Statement & Disclosures
2 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.
Slide 3: Key Messages
Key Messages 3 End Market Demand & New Business Global automotive market remains resilient overall - softer than expected in NA and EU, but China remains strong Business uncertainty has increased broadly in the US, with some customers withholding 2nd half 2025 numerical guidance 2025 May YTD,
Slide 4: Key Metrics and Q1'25 Results
Key Metrics CommentsQ1’25 Results Flat Y/Y on proforma net sales; uncertainty in US market$105.7MNet Sales* Five-year goal is 19-20%16.9%Gross Margin (as % of Sales) Increased $2.7M Y/Y$2.0MAdjusted Operating Income Reconfirming FY 2025 guidance of $53 - $63M$10.6MAdjusted EBITDA Five-year goal is 1
Slide 5: Business Transformation & Pivot are On Track in 2025
2. Isolate and fix chronic underperforming areas – sales declines, absence of profit, negative cashflow 5 60% 70% 60% 70% 90% Grow Sales & the Company Deleverage & Refinance Debt Expand Margins Fix Unprofitable Areas New Leadership Long-term Goal Q1 2025 % Q1 2024 % 13-14%10.0%9.3% Business Transfor
Slide 6: Sales Growth & Pivot Program is Performing Well and On Track
6 Sales Growth & Pivot Program is Performing Well and On Track StatusGoal • $740+ million overall pipeline • $160 million of new wins from January 2023 to May YTD 2025 • 120 programs launching in 2025 worth $55 million in peak annual sales • $325 million over 5 years • $65 million new wins/yr • $10
Slide 7: New Business Program Update / Snapshot with Facts & Figures
7 New Business Program Update / Snapshot with Facts & Figures Overall Program Results - January 2023 Through May YTD 2025 Value of new win programs since January 2023 (peak annual sales value): $160M # of new win programs won since January 2023: 363 2023: Won 118 programs worth $64M 2024: Wo
Slide 8: Sales Growth / Pivot Example: NN Continues to Organically Grow its Medical Business
8 Sales Growth / Pivot Example: NN Continues to Organically Grow its Medical Business Hand Piece - Powered 20% Instrument - Complete 7% Instrument - Complex Assy 30% Instrument - Component 6% Instrument - Simple Assy 9% Machined Component 13% Other 15% Diagnostics 2% Extremity (Elbow) 4% Extremity (
Slide 9: Sales Growth / Pivot Example: New Business Driving NN Europe to Financial Turnaround
9 Sales Growth / Pivot Example: New Business Driving NN Europe to Financial Turnaround NN Europe team is successfully achieving its new wins objectives and its turnaround plan Leveraging NN’s Europe in-region installed assets, footprint, team, and know-how Leveraging NN’s China-based assets, foo
Slide 10: Operations Team Continues to Deliver its Cost Reduction Targets
10 Operations Team Continues to Deliver its Cost Reduction Targets with Staff Right-Sizing Being a Key Component Right-Sizing / staff reductions to date: Staff reductions began in 2023 and accelerated in 2024 with rationalization and “One Team” program launched globally 2-year reduction of 16% o
Slide 11: Working Capital Reduction Program
$76.0 $76.2 $70.0 $62.7 $68.9 $68.8 $64.4 $61.5 $67.8 $78.5 $74.3 $68.0 $68.6 $69.6 $68.3 $69.6 $61.9 $62.9 $(48.1) $(49.8) $(47.5) $(44.3) $(48.9) $(45.5) $(45.0) $(38.9) $(45.9) $106.4 $100.7 $90.5 $87.0 $89.6 $91.7 $89.1 $84.5 $84.8 $(75.0) $(25.0) $25.0 $75.0 $125.0 $175.0 Q1 2023 Q2 2023 Q3 202
Slide 12: Q1 2025 – NN Financial Results
11.6% ΔQ1’24Q1'25($millions) ($15.5)$121.2$105.7Net Sales ($2.7)($0.7)$2.0Adj. Operating Income (Loss) ($0.7)$11.3$10.6Adj. EBITDA 0.7%9.3%10.0%Adj. EBITDA Margin % ΔQ1’24Q1'25 ($1.4)$107.1$105.7 $2.5($0.5)$2.0 Flat$10.6$10.6 0.1%9.9%10.0% TotalFXRationalized Volume Sale of Lubbock ($14.1)($2.8)($5.
Slide 13: Power Solutions Segment – Q1 2025 Highlights
$6.3 $7.2 2024 2025 2025 2024 Adjusted EBITDA & Margin (Pro Forma) ($ millions) $6.3 $7.8 2024 2025 2025 2024 Adjusted EBITDA & Margin ($ millions) 14.5% 16.2% 14.5% 17.1% Power Solutions Segment– Q1 2025 Highlights $43.5 $42.0 2024 2025 2025 2024 Net Sales (Pro Forma) ($ millions) Net Sales: down (
Slide 14: Mobile Solutions Segment – Q1 2025 Highlights
$8.1 $8.6 2025 2024 Adjusted EBITDA & Margin ($ millions) $8.1 $8.6 2025 2024 Adjusted EBITDA & Margin (Pro Forma) ($ millions) Mobile Solutions Segment – Q1 2025 Highlights 13.0% $62.2 $65.3 2025 2024 Net Sales (Pro Forma) ($ millions) 11.8% Net Sales: down ($10.9M), down ($3.1M) pro forma ($5.9M
Slide 15: Updated 2025 Outlook & Guidance
15 Updated 2025 Outlook & Guidance Net Sales of $430 to $460 million Sales forecast has been decreased to be roughly flat to prior year due to economic uncertainties in the North American market Offset somewhat from SOPs occurring during 2025 from prior new business awards Multiple top custome
Slide 16: NN's 5-Year Plan for Profitable Growth
16 NN’s 5-Year Plan for Profitable Growth $40 million of net annual growth driven by $65 million of annual new awards and $25 million of EOPs / walkaways plus M&A growth when the time is right Assumes steady base business performance Targets in each area – leveraging installed assets and modes
Slide 17: Appendix
Appendix
Slide 18: Non-GAAP Financial Measures
18 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 financial measures provides suppleme
Slide 19: Reconciliation of GAAP Income (Loss) from Operations to Non-GAAP Adjusted EBITDA
19 Reconciliation of GAAP Income (Loss) from Operations to Non-GAAP Adjusted Income (Loss) from Operations and Non-GAAP Adjusted EBITDA
Slide 20: Reconciliation of GAAP Net Income (Loss) to Non-GAAP Adjusted Net Income (Loss)
20 Reconciliation of GAAP Net Income (Loss) to Non-GAAP Adjusted Net Income (Loss) and GAAP Net Income (Loss) per Diluted Common Share to Non-GAAP Adjusted Net Income (Loss) per Diluted Common Share
Slide 21: Reconciliation of Operating Cash Flow to Free Cash Flow
21 Reconciliation of Operating Cash Flow to Free Cash Flow
Slide 22: Slide 22
Slide 23: Thank You
Thank You 23 Joe Caminiti or Stephen Poe NNBR@alpha-ir.com 312-445-2870 Investor & Media Contacts