Slide 1: Q3 2025 Earnings Call
Q3 2025 Earnings Call November 12th, 2025 Linda Hasenfratz EXECUTIVE CHAIR Jim Jarrell CEO & PRESIDENT Dale Schneider CFO For Audio Only Dial In North America: (+1) 800 549-8228 International: (+1) 289 819-1520 Conference ID: 33066 © Linamar Corporation
Slide 2: Forward-looking Information, Risk, and Uncertainties
Forward-looking Information, Risk, and Uncertainties Certain information regarding Linamar set forth in this presentation and oral summary, including management’s assessment of the Company’s future plans and operations may constitute forward-looking statements. This information is based on current e
Slide 3: Agenda
Agenda Q3 2025 Highlights & Strategic Updates Linda Hasenfratz EXECUTIVE CHAIR Industry & Operations Update Jim Jarrell CHIEF EXECUTIVE OFFICER & PRESIDENT Financial Review & Outlook Dale Schneider CHIEF FINANCIAL OFFICER Q&A All © Linamar Corporation 3
Slide 4: Q3 2025 Highlights & Strategic Updates
Q3 2025 Highlights & Strategic Updates Linda Hasenfratz EXECUTIVE CHAIR © Linamar Corporation 4
Slide 5: Consistent, Long-term Performance
Consistent, Long-term Performance Consistent, Sustainable Flexibility to Growth Driving from Mitigate Risk Diversity Capital Asset Profile enables us to redeploy under-utilized equipment Diversified revenue streams, to changing market needs, broad product portfolio for a synergistic balanced busines
Slide 6: Entrepreneurial, Opportunistic Driving Great Mobility Growth
Entrepreneurial, Over $1 Billion in Strategic Growth with Aludyne and GF Leipzig Acquisitions Opportunistic 88% Growth in Mobility Segment Earnings, Margin Expansion Driving Great Mobility Growth $321 Million in FCF Generation for Today and Tariffs Manageable, Driving On-Shoring and Acquisition Tomo
Slide 7: Q3 2025: Strong Free Cash Flow & Earnings Growth
Q3 2025: Strong Free Cash Flow & Earnings Growth Net Earnings & EPS Sales Margin1 Free Cash Flow1 (Normalized) 1 (Normalized) $2.5B $150.1M $2.51 $320.9M 5.9% 3.6% 3.8% 6.8% $51.3M vs. Q3 ‘24 vs. Q3 ‘24 vs. Q3 ‘24 vs. Q3 ‘24 1- Net Earnings (NE) – Normalized, Net Earnings (Loss) Per Share – Diluted
Slide 8: Tariffs – Manageable, Creating Opportunities
Tariffs – Manageable, Creating Opportunities 232 Foreign Steel & Aluminum & Foreign Built IEEPA International Derivatives Vehicles Auto Parts Canada/Mexico Tariffs Retaliatory Tariffs 50% Applied to Metals and Non- 25% 25% 25% 10%-100% US Metal Content of >900 25% on non-US content USMCA Compliant 0
Slide 9: Opportunities for Linamar
Opportunities for Linamar Onshoring to USMCA Acquisition compliant Opportunities suppliers Already Discussing Supply Base Distress in US Opportunities with and Europe Extreme Customers © Linamar Corporation 9
Slide 10: Culture – Defining Factor in Linamar's Success
Culture – Defining Factor in Linamar’s Success in Challenging Times ENTREPRENEURIAL RESPONSIVE INNOVATIVE EXECUTE © Linamar Corporation 10
Slide 11: Industry & Operations Updates
Industry & Operations Updates Jim Jarrell CEO & PRESIDENT © Linamar Corporation 11
Slide 12: 2025 Focus
2025 Focus Grow Revenue Grow Margin Grow Our Linamar Team © Linamar Corporation
Slide 13: Realistic Outlook on Propulsion Mix
Realistic Outlook on Propulsion Mix Industry LV Volumes Industry Outlook Commentary FY2025 FY2026 Expectations Expectation Full-year 2025 for North America is still expected to be down but less than originally forecasted. North America -2.0% -2.6% Europe relatively unchanged from prior forecast as E
Slide 14: Strong CPV Growth Driven by Key Asia Pacific Market
Strong CPV Growth Driven by Key Asia Pacific Market Global CPV Regional Content Per Vehicle $85.00 Q3 ‘25 Q3 ‘24 %∆ $80.00 North America $291.32 $287.54 +1.3% $75.00 Europe $105.20 $103.95 +1.2% Asia Pacific $10.88 $8.99 +21.0% $70.00 $65.00 1 - Global CPV includes only the markets that Linamar serv
Slide 15: Strong Q3 New Business Wins
Strong Q3 New Business Wins Takeover New Business Wins • Takeover work from competitor for key transmission components. $457M Q3 total Mobility new business wins Structural Components • Significant new business wins for structural components including cross car beams, seat structures and spring towe
Slide 16: Key Facts – Aludyne North America
Key Facts – Aludyne North America Select Highlights Company Description Key Products and Figures Casting Capabilities Vertically integrated supplier providing Squeeze Casting High Pressure Die Casting end-to-end design, engineering and Aluminum LPDC manufacturing solutions for safety- Hollow Aluminu
Slide 17: Key Facts – Georg Fischer's Leipzig Facility
Key Facts – Georg Fischer’s Leipzig Facility Select Highlights Company Description Key Products and Figures Core Capabilities Leading European player with unique Iron casting solutions of large, complex components technological capabilities with State-of-the-art installation with 3D printed sand ent
Slide 18: Over $1 Billion in Strategic Growth
Over $1 Billion in Strategic Growth Aludyne North America and GF Leipzig Highly Complementary Full-Service & Advanced Design & Reputational Significant Growth Opportunistic & Technology Engineering Excellence Opportunities Footprint Accretive Aludyne NA and Leipzig will operate in Linamar Mobility’s
Slide 19: Skyjack Staying Ahead of a Declining Market
Skyjack Staying Ahead of a Declining Market Industry Access Volumes Skyjack Global Q3 2025 Unit Performance FY2025 FY2026 Expectations Expectations Skyjack total unit Global market volume volume North -14.1% 0.4% Q3 vs. prior year VS Q3 vs. prior year -9.3% America +46.0% Europe -19.3% -2.0% Asia Pa
Slide 20: Skyjack Award & Innovative New Products
Skyjack Award & Innovative New Products Skyjack Award – micro XStep Key Product Introductions – SJ5545 E 2025 Rental Editor’s Choice Award The new SJ5545 E electric drive scissor lift represents the highest working height in Skyjack’s “The micro XStep enables operators of the new SJ3213 range of sla
Slide 21: Ag. Group Performance In Line with Addressable Market
Ag. Group Performance In Line with Addressable Market Industry Large Ag. Volumes Linamar Agriculture Global YoY Unit Performance FY2025 Expectations Ag. Group total unit Linamar Ag's Addressable volume Q3 YTD Market total unit volume Q3 YTD North -30.0% America -29.0% VS -29.0% Europe -5.0% Rest of
Slide 22: AB230CD
AB230CD Engineered for the CaseIH Trident 5550 Dry Hi-Flow, Salford’s latest air boom applicator delivers faster speeds, higher rates, and wider coverage with less compaction—maximizing productivity and nutrient accuracy. © Linamar Corporation 22
Slide 23: Financial Update & Outlook
Financial Update & Outlook Dale Schneider CFO © Linamar Corporation 23
Slide 24: Launches Driving Record Normalized Earnings
Launches Driving Record Key Factors: Mobility Revenue Normalized Earnings +7.1% vs Q3 ‘24 • A significant increase in sales related to launching programs • Higher volumes on programs the company has substantial business with • Impact on sales from the changes in FX rates from Revenue Normalized Oper
Slide 25: Headwinds in the Agriculture Market
Key Factors: Industrial Headwinds in the Agriculture Revenue -26.3% vs Q3 ‘24 Market • • Revenue Normalized Operating Earnings 1 (in Millions CAD) (in Millions CAD) -26.3% Normalized OE 1 900 $841.3 200 -56.0% -56.0% vs Q3 ‘24 800 • 700 160 $140.2 $619.7 600 • 120 500 400 80 $61.7 300 200 40 100 Nor
Slide 26: Disciplined Cash Management & Strong Liquidity
Disciplined Cash Management & Strong Liquidity Net Debt to EBITDA1 Total Liquidity2 Current Positioning (in Millions CAD) Cash Position Net Debt to EBITDA 1 was 0.76x at the end of Available cash on credit facilities Q3 $2.2B Target Max: 1.5x Cash Position at the end of Q3 was $1.23B ▪ Up 49.5% from
Slide 27: Share Buyback Update
Status of Share Repurchases • 2024 NCIB program to date has retired nearly 1.8 million shares • To date, Linamar has returned nearly $100 million to shareholders as a result Share Renewed NCIB Program Details Buyback • Renewed NCIB to November 2026 • Able to repurchase up to a maximum of 3,850,534 s
Slide 28: Segmented Outlook FY 2025 Guidance
Segmented Outlook FY 2025 Guidance Outlook Assumptions: FY 2025 Latest FY 2025 Outlook Mobility Outlook Provided on Aug 13, 2025 • Continued market decline in Agriculture sector Sales Growth (%) Growth Growth • Small increase in sales from Normalized OE Growth (%) 1 Strong Double-Digit Growth Strong
Slide 29: Outlook FY 2025 Guidance
Outlook FY 2025 Guidance FY 2025 Latest FY 2025 Outlook Consolidated Outlook Provided on Aug 13, 2025 Sales Growth (%) Modest Decline Modest Decline 1 Normalized EPS Growth (%) Growth Growth 1 Normalized Net Margin (%) Expansion Expansion Normal Range 7.0-9.0% Capex Decline From Prior Year Flat To P
Slide 30: Outlook FY 2026 Guidance
Outlook FY 2026 Guidance FY 2026 Outlook Outlook Assumptions: FY 2026 Latest Consolidated Outlook Provided on Aug 13, • Strong Mobility segment growth 2025 somewhat tempered by Industrial Sales Growth (%) Growth Modest Growth market declines 1 Normalized EPS Growth (%) Growth Growth • Full year sale
Slide 31: © Linamar Corporation
© Linamar Corporation 31
Slide 32: Outlook FY 2025 & FY 2026
Outlook FY 2025 & FY 2026 FY 2025 Latest FY 2026 Latest Consolidated Outlook Outlook Sales Growth (%) Modest Decline Growth 1 Normalized EPS Growth (%) Growth Growth 1 Normalized Net Margin (%) Expansion Expansion Normal Range 7.0-9.0% Capex Decline From Prior Year Increase From Prior Year Capex % o
Slide 33: Entrepreneurial, Opportunistic Driving Great Mobility Growth
Entrepreneurial, Over $1 Billion in Strategic Growth with Aludyne and GF Leipzig Acquisitions Opportunistic 88% Growth in Mobility Segment Earnings, Margin Expansion Driving Great Mobility Growth $321 Million in FCF Generation for Today and Tariffs Manageable, Driving On-Shoring and Acquisition Tomo
Slide 34: Kevin Hallahan
Kevin Hallahan Vice President, Investor Relations & Marketing Linamar Corporation kevin.hallahan@linamar.com 519-836-7550 https://www.linamar.com/investors/ © Linamar Corporation
Slide 35: Appendix
Appendix © Linamar Corporation
Slide 36: Non-GAAP Financial Measures
Non-GAAP Financial Measures The Company uses certain Non-GAAP and other financial measures to provide useful information to both management, investors, and other stakeholders in assessing the financial performance and financial condition of the Company. Certain expenses and income that must be recog
Slide 37: Industrial Sales, Earnings, and Margins
Industrial Sales, Earnings, and Margins (in Millions CAD) Q3 2025 Q3 2024 +/- +/- $ $ $ % Sales 619.7 841.3 (221.6) (26.3%) Operating Earnings 89.8 141.8 (52.0) (36.7%) Foreign Exchange1 (Gain)/Loss (28.1) (1.6) (26.5) Other Items - - - Operating Earnings – Normalized2 61.7 140.2 (78.5) (56.0%) Oper
Slide 38: Mobility Sales, Earnings, and Margins
Mobility Sales, Earnings, and Margins (in Millions CAD) Q3 2025 Q3 2024 +/- +/- $ $ $ % Sales 1,922.0 1,794.4 127.6 7.1% Operating Earnings 161.1 78.3 82.8 105.7% Foreign Exchange1 (Gain)/Loss 4.8 10.1 (5.3) Other Items - - - Operating Earnings – Normalized2 165.9 88.4 77.5 87.7% Operating Earnings
Slide 39: Net Earnings (Loss) – Normalized
Net Earnings (Loss) – Normalized1 (in Millions CAD) Q3 2025 Q3 2024 +/- +/- $ $ $ % Net Earnings (Loss) 169.2 138.0 31.2 22.6% Foreign Exchange2 (Gain)/Loss (23.3) 8.5 (31.8) Foreign Exchange (Gain)/Loss on - 0.4 (0.4) Debt and Derivatives Other Items - - - Tax Impact including Other Items 4.2 (2.3)
Slide 40: Net Earnings (Loss) per Share – Diluted – Normalized
Net Earnings (Loss) per Share – Diluted – Normalized1 Q3 2025 Q3 2024 +/- +/- $ $ $ % Net Earnings (Loss) per Share - 2.82 2.24 0.58 25.9% Diluted Foreign Exchange2 (Gain)/Loss (0.38) 0.14 (0.52) Foreign Exchange (Gain)/Loss on Debt - 0.01 (0.01) and Derivatives Other Items - - - Tax Impact includin
Slide 41: Free Cash Flow & Capital Investment
Free Cash Flow1 & Capital Investment (in Millions CAD) Q3 2025 Q3 2024 (in millions of dollars) $ $ Cash generated from (used in) operating activities 389.7 370.4 Payments for purchases of property, plant and equipment (CapEx) (72.6) (102.5) Proceeds on disposal of property, plant and equipment 3.8
Slide 42: Linamar's Powerful Balanced & Diversified Business Model
Linamar’s Powerful Balanced & Diversified Business Model INDUSTRIAL SEGMENT focused on North America, Cash for Continued Brand generates cash and shares brand Investment Management management knowledge. Strong Profit Consistent Free Strong, Stable Sustainable MOBILITY SEGMENT Margins Cash Flow Balan
Slide 43: Kevin Hallahan
Kevin Hallahan VP, Investor Relations & Marketing Linamar Corporation kevin.hallahan@linamar.com 519-836-7550 https://www.linamar.com/investors/ © Linamar Corporation