Dauch Corporation · NYSE:DCH
Dauch — Q3 2026 Earnings Presentation
25 slides from Dauch's earnings presentation, Nov 6, 2026
Slide 1: Third Quarter 2026 Earnings Call
Third Quarter 2026 Earnings Call November 6, 2026
Slide 2: Forward-Looking Statements
Forward-Looking Statements In this presentation, Dauch Corporation (“Dauch”) makes statements concerning its expectations, beliefs, plans, objectives, goals, strategies, and future events or performance, including, but not limited to, certain statements related to future capital expenditures, expens
Slide 3: Capital Markets Day November 17, 2026
Capital Markets Day November 17, 2026 New York, New York Presentations Start At 9:00 AM ET Webcast Available
Slide 4: 3Q 2026 Financial Highlights
3Q 2026 Financial Highlights* Top-Line Profitability Cash $2.9B $358M $127M Quarterly Quarterly Quarterly Sales Adj. EBITDA Adj. Free Cash 12.3% of Sales Flow Continued Positive Results As The New Dauch Corporation * For definitions of Adjusted EBITDA and Adjusted Free Cash Flow and other non-GAAP r
Slide 5: Synergy Status
Synergy Status SOURCE OF COST SAVINGS ESTIMATE SYNERGY ACHIEVEMENT GAUGE SG&A ANNUAL RUN RATE SAVINGS • Public company and other costs YEAR 2 • Workforce optimization ~30% YEAR 1 TARGET TARGET • Streamlining ER&D expenses >$100M $180M • Elimination of duplicate offices PURCHASING • Leveraging econom
Slide 6: Business Update
Business Update European Replacement Award Military Vehicle The company was awarded a key In the quarter, Dauch secured business to replacement program, including supply sideshafts for an infantry squad sideshafts, propshafts and electronic vehicle program, reinforcing the limited slip differentials
Slide 7: 2026 Financial Outlook (as of November 6, 2026)
2026 Financial Outlook (as of November 6, 2026) 2026 Financial Targets* Other Items Current Prior • The financial outlook incorporates partial year contribution from Dowlais as of Full Year Sales $10.8 - $10.875B $10.6 - $10.8B February 3, 2026 Adjusted EBITDA $1.35 - $1.375B $1.36 - $1.425B • Based
Slide 8: 3Q 2026 Sales Walk (Yr/Yr)
3Q 2026 Sales Walk (Yr/Yr) $ in millions, unless noted otherwise Yr/Yr Changes of the Dowlais Contribution: Vol, Mix & Other: ~($26) Sale of businesses: ~($35) MM/FX: ~($8) $1,407 $2,909 ($17) $1,505 $33 $1,519 ($4) ($15) 3Q 2025 Sales Pricing Volume, Mix Metal Markets 3Q 2026 Sales Dowlais Intercom
Slide 9: 3Q 2026 EBITDA Walk (Yr/Yr)
3Q 2026 EBITDA Walk (Yr/Yr) $ in millions, unless noted otherwise Yr/Yr Changes of the Dowlais Contribution: Vol, Mix & Other : ~$3 Sale of businesses: ~($5) 2025 commercial settlements: ~($30) Performance & Other: ~$4 MM/FX: ~($6) $25 $358 $140 $196 $8 $3 $193 ($4) ($10) 3Q 2025 Pricing Volume, Mix
Slide 10: Appendix / Supplemental Data
Appendix / Supplemental Data 10
Slide 11: Additional Disclosures
Additional Disclosures Non-GAAP Financial Information This presentation refers to certain financial measures, including Adjusted EBITDA, Adjusted EBITDA margin, Adjusted Earnings per Share, Adjusted Free Cash Flow, Net Debt, Net Leverage Ratio and Liquidity that are not required by, or presented in
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: 3Q 2026 Pro Forma Sales Walk
3Q 2026 Pro Forma Sales Walk $ in millions, unless noted otherwise DCH: ~($19) DWL: ~($35) DCH: ~$33 DWL: ~($26) DWL: ~($8) $1,482 $2,964 $25 $2,909 ($23) ($45) ($35) $1,505 3Q 2025 Sales 3Q 2025 Sales Pro Forma 3Q 2025 Volume, Mix Sale of Metal Markets Reported Legacy Dauch Legacy Dowlais Intercomp
Slide 14: 3Q 2026 Pro Forma Adjusted EBITDA Walk
3Q 2026 Pro Forma Adjusted EBITDA Walk* $ in millions, unless noted otherwise DCH: ~($14) DWL: ~($5) DWL: ~($30) DCH: ~$8 DCH: ~$3 DWL: ~$3 DWL: ~$4 DWL: ~($6) $174 $370 $25 $358 $12 ($11) ($5) ($30) ($3) $196 3Q 2025 3Q 2025 3Q 2025 Volume, Mix Sale of 2025 Performance Metal Markets Realized Report
Slide 15: Pro Forma Financial Data By Quarter
Pro Forma Financial Data By Quarter We are providing pro forma sales and Adjusted EBITDA as if the combination of Dauch and Dowlais occurred on January 1, 2025. Dowlais 1Q2025 and 1Q2026 data reflect January, February and March results. LTM 3Q 2026 pro forma LTM Dauch 1Q 2025 2Q 2025 3Q 2025 4Q 2025
Slide 16: Supplemental Data: Segment Financial Information
Supplemental Data* Segment Financial Information ($ in millions) Three Months Ended Nine Months Ended September 30, September 30, 2026 2025 2026 2025 Segment Sales Driveline $ 2,165.8 $ 1,073.8 $ 6,159.9 $ 3,168.0 Metal Forming 870.5 543.3 2,458.4 1,613.8 Total Sales 3,036.3 1,617.1 8,618.3 4,781.8
Slide 17: EBITDA and Adjusted EBITDA Reconciliation
Supplemental Data* EBITDA and Adjusted EBITDA Reconciliation ($ in millions) Three Months Ended Nine Months Ended September 30, September 30, 2026 2025 2026 2025 Net income (loss) $ (44.6) $ 9.2 $ (143.1) $ 55.6 Interest expense 86.6 42.7 266.0 128.7 Income tax expense (benefit) 13.9 (10.9) 10.4 31.
Slide 18: Adjusted Earnings Per Share Reconciliation
Supplemental Data* Adjusted Earnings Per Share Reconciliation Three Months Ended Nine Months Ended September 30, September 30, 2026 2025 2026 2025 Diluted earnings (loss) per share $ (0.19) $ 0.07 $ (0.65) $ 0.45 Restructuring and acquisition-related costs 0.19 0.18 0.85 0.47 Debt refinancing and re
Slide 19: 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, 2026 2025 2026 2025 Net cash provided by operating activities $ 150.1 $ 143.3 $ 193.2 $ 291.1 Less: Capital expenditures net of proceeds from
Slide 20: Net Debt and Pro Forma Net Leverage Ratio
Supplemental Data* Net Debt and Pro Forma Net Leverage Ratio ($ in millions) September 30, 2026 Current portion of long-term debt $ 5.7 Long-term debt, net 4,895.0 Total debt, net 4,900.7 Less: Cash and cash equivalents (800.2) Net debt at end of period 4,100.5 Adjusted pro forma LTM EBITDA 1,583.8
Slide 21: Pro forma EBITDA and Adjusted EBITDA Reconciliations
Supplemental Data* Pro forma EBITDA and Pro forma Adjusted EBITDA Reconciliations Quarter Ended LTM December 31, March 31, June 30, September 30, September 30, 2025 2026 2026 2026 2026 Net income (loss) $ (71.3) $ (33.4) $ 1.5 $ (44.6) $ (147.8) Interest expense 96.2 96.9 89.8 86.6 369.5 Income tax
Slide 22: Full Year 2026 Financial Outlook: Adjusted EBITDA
Supplemental Data* Full Year 2026 Financial Outlook ($ in millions) Adjusted EBITDA Low End High End Net loss $ (220) $ (195) Interest expense 355 355 Income tax expense - - Depreciation and amortization 825 825 Full year 2026 targeted EBITDA 960 985 Acquisition-related costs 60 60 Restructuring cos
Slide 23: Full Year 2026 Financial Outlook: Adjusted Free Cash Flow
Supplemental Data* Full Year 2026 Financial Outlook ($ in millions) Adjusted Free Cash Flow Low End High End Net cash provided by operating activities $ 330 $ 340 Capital expenditures net of proceeds from the sale of (450) (450) property, plant and equipment Full year 2026 targeted Free Cash Flow (1
Slide 24: 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. As revised, Adjusted EBITDA is defined as EBITDA excluding the impact of restructuring and acquisition- related costs, debt refinancing and
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