Slide 1: Q4 & Full Year 2025 Earnings Presentation
Q4 & Full Year 2025 EARNINGS PRESENTATION Transforming Precision and Powering the Next Generation of Innovation
Slide 2: Forward Looking Statements
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 2026, the impact of, and our ability to ex
Slide 3: Today's Speakers
Today’s Speakers Harold Bevis Chris Bohnert Tim French Chief Executive Officer Chief Financial Officer Chief Operating Officer 3
Slide 4: Key Highlights
Key Highlights 3rd Consecutive Year of Successful Portfolio New Wins Improved Results Evolution Underway Program Working • Shifting sales profile towards • >$200M of wins over 3 years • Adj. EBITDA near recent highs higher-value markets and • Record program launches in • Adj. Operating Income shows
Slide 5: Key Metrics – Q4 and Full Year 2025
Key Metrics – Q4 and Full Year 2025 Net Sales: Q4 $104.7M; FY $422.2M Adj. Op. Income: Q4 $3.3M; FY $14.2M 1 2 (-) FX, volume rationalization, auto weakness • Full-year results up 2.8x vs. 2024 (+) Growth in Power Solutions, new program • Created leaner operating model launches, pricing Adj. EBITDA:
Slide 6: 2026 Outlook is Stronger than 2025
2026 Outlook is Stronger than 2025 • Revenue growth is expected, and is multi-faceted - Electric grid, data center, defense, electronics – all growing both in Q1 and full year - Global auto slightly growing but with region-specific outlooks, commercial vehicle growing in 2nd half of 2026 • Gross Mar
Slide 7: Fourth Quarter 2025 – Financial Results Summary
Fourth Quarter 2025 – Financial Results Summary Q4 2025 Financial Results vs. Q4 2024 As Reported Adjustments Pro forma / Normalized Rationalized Q4’24 Q4’25 ($millions) Q4’24 Q4’25 Δ FX Δ Δ Volume Net Sales $106.5 $104.7 ($1.8) ($5.4) $2.2 ($3.2) $103.3 $104.7 +$1.4 Adj. Operating $2.4 $3.3 +$0.9 $
Slide 8: Full-Year 2025 – Financial Results Summary
Full-Year 2025 – Financial Results Summary FY 2025 Financial Results vs. FY 2024 As Reported Adjustments Pro forma / Normalized Sale of Rationalized ($millions) FY’24 FY’25 Δ FX Δ FY’24 FY’25 Δ Lubbock Volume Net Sales $464.3 $422.2 ($42.1) ($11.3) ($22.5) ($0.8) ($34.6) $429.7 $422.2 ($7.4) Adj. Op
Slide 9: Power Solutions / Stamped Products
Power Solutions / Stamped Products Net Sales: $45.5M, up $5.9M, or +14.9% Pro forma Net Sales ($millions) (+) Higher precious metal prices, favorable FX effects $169.6 $178.6 (+) Growth in defense and electronics $45.5 $39.6 Adjusted EBITDA: $6.4M, up $0.8M, or +14.0% (+) Sales growth, better mix, h
Slide 10: Mobile Solutions / Machined Products
Mobile Solutions / Machined Products Net sales: $59.3M, down $4.5M, or (9.3%) Pro forma Net Sales ($millions) (-) Rationalized underperforming business at plants undergoing consolidation $269.0 $63.8 $244.0 (-) Lower automotive sales in North America, mostly intentional $59.3 (+) Partially offset by
Slide 11: Winning and Launching New Business Continues
Winning and Launching New Business Continues $Millions Quarterly & Cumulative Wins 250 Rolling Program Launches (at peak $ value rates) (at peak $ annual rates) >$200M $75M 200 $123.4M $116.1M $109.5M 150 $50M 100 $62.5M $25M 50 $0M 0 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25
Slide 12: Long-Term Roadmap
Long-Term Roadmap Net Sales & Adj. Gross Margin Adj. EBITDA & Margin $600M $80M 7% CAGR 20% 15% 10% CAGR $422M 18.5% $49M 12.3% 2025 2030 2025 2030 ▪ ~5% market growth plus additional 2% growth from share gains focused on electric grid, data centers, defense, electronics, medical ▪ Continue lowering
Slide 13: Market Outlooks are Strengthening in 2026
Market Outlooks are Strengthening in 2026 % NN Market Comments Sales* Outlook Electrical Grid / • Market to remain strong Data Center 16% • NN will see strong growth across FY’26 • Production & sales remain solid Auto – China 13% • Strong part of NN portfolio – China & export Commercial • Expecting
Slide 14: Financial Structure & Strategic Options Review
Financial Structure & Strategic Options Review 1 Engaged with advisors for financial and strategic options review 2 Long-term, sustainable shareholder value is priority • Pace and magnitude of improvement is constrained by capital structure 3 Strategic committee ongoing 14
Slide 15: 2026 Outlook & Guidance
2026 Outlook & Guidance Net Sales of $445 - $465 million 1 • Reflects benefit of strengthening markets, new wins launching in 2026 • Sales growth balanced throughout the year, beginning in Q1 2 Adjusted EBITDA of $50 - $60 million • Higher contribution margins from volume growth and better resultant
Slide 16: Appendix
Appendix 16
Slide 17: Non-GAAP Financial Measures Footnotes
Non-GAAP Financial Measures Footnotes 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 fre
Slide 18: Reconciliation of GAAP Gross Profit to Non-GAAP Gross Profit and Gross Margin
Reconciliation of GAAP Gross Profit to Non-GAAP Gross Profit and Gross Margin 18
Slide 19: Consolidated reconciliation of GAAP Income (Loss) from Operations to Non-GAAP Adjusted EBITDA
Consolidated reconciliation of GAAP Income (Loss) from Operations to Non-GAAP Adjusted Income (Loss) from Operations and Non-GAAP Adjusted EBITDA 19
Slide 20: Segment reconciliation of GAAP Income (Loss) from Operations to Non-GAAP Adjusted EBITDA
Segment reconciliation of GAAP Income (Loss) from Operations to Non-GAAP Adjusted Income (Loss) from Operations and Non-GAAP Adjusted EBITDA 20
Slide 21: Consolidated reconciliation of GAAP Income (Loss) from Operations to Non-GAAP Adjusted EBITDA
Consolidated reconciliation of GAAP Income (Loss) from Operations to Non-GAAP Adjusted Income (Loss) from Operations and Non-GAAP Adjusted EBITDA 21
Slide 22: Segment reconciliation of GAAP Income (Loss) from Operations to Non-GAAP Adjusted EBITDA
Segment reconciliation of GAAP Income (Loss) from Operations to Non-GAAP Adjusted Income (Loss) from Operations and Non-GAAP Adjusted EBITDA 22
Slide 23: Reconciliation of GAAP Net Loss to Non-GAAP Adjusted Net Income (Loss)
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 23
Slide 24: Reconciliation of GAAP Net Loss to Non-GAAP Adjusted Net Income (Loss)
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 24
Slide 25: Reconciliation of Operating Cash Flow to Free Cash Flow
Reconciliation of Operating Cash Flow to Free Cash Flow 25
Slide 26: Thank You
Investor & Media Contacts Joe Caminiti or Abe Plimpton NNBR@alpha-ir.com 312-445-2870 Thank You 26
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