Slide 1: Fourth Quarter 2025 Earnings Call
Fourth Quarter 2025 Earnings Call February 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: 4Q 2025 and Full Year Financial Highlights
4Q 2025 and Full Year Financial Highlights 4Q $1.4B $169M $70M 2025 Quarterly Quarterly Quarterly Sales Adj. EBITDA Adj. Free 12.2% of Sales Cash Flow FY $5.8B $743M $213M 2025 Full Year Full Year Full Year Sales Adj. EBITDA Adj. Free 12.7% of Sales Cash Flow 3 * For definitions of Adjusted EBITDA a
Slide 4: Business Update
Business Update Dauch to supply our SmartBar Received Chery Auto’s Received GM’s Supplier product in addition to front “Best Supplier Award of the Quality Excellence award electric drives and rear Year” for 2025. This in recognition of meeting electric beam axles for Scout prestigious award or excee
Slide 5: Compelling Strategic Combination
Compelling Strategic Combination + Creates a leading Comprehensive More diversified Compelling High margins with global driveline and powertrain agnostic customer base with industrial logic with strong earnings metal forming product portfolio expanded and ~$300M of accretion, cash supplier with with
Slide 6: Dauch Company Overview
Dauch Company Overview 48,000+ 175+ 24 ASSOCIATES LOCATIONS COUNTRIES Asia GM 18% Other 27% 40% Customer Geographic North Mix Mix America 57% Europe Stellantis 23% 11% Renault-Nissan Ford 3% Toyota 10% South America VW Group 5% 4% 1% Global Tier 1 supplier with enhanced geographic and customer diver
Slide 7: 2026 Financial Outlook (as of February 13, 2026)
2026 Financial Outlook (as of February 13, 2026) 2026 Financial Targets* Full Year Sales $10.3 - $10.7 billion Adjusted EBITDA $1.3 - $1.4 billion Adjusted Free Cash Flow** $235 - $325 million • The financial outlook incorporates partial year contribution from Dowlais as of February 3, 2026 • Region
Slide 8: 4Q 2025 Revenue Walk (Yr/Yr)
4Q 2025 Revenue Walk (Yr/Yr) $ in MM, unless noted otherwise 8 Note: Chart not to scale.
Slide 9: 4Q 2025 Adjusted EBITDA Walk
4Q 2025 Adjusted EBITDA Walk $ in MM, unless noted otherwise 9 Note: For definition of Adjusted EBITDA and Non-GAAP reconciliation, please see the attached appendix. Chart not to scale.
Slide 10: 2026 Sales Target Walk
2026 Sales Target Walk $ in MM, unless noted otherwise Targeted reported Net Sales ~$4.95B for partial year 2026 10 Note: Walk guidance figures are approximations and do not sum to the midpoint of the target range. Chart not to scale. Sale of CV axle business in India completed on July 1, 2025.
Slide 11: 2026 Adjusted EBITDA Target Walk
2026 Adjusted EBITDA Target Walk $ in MM, unless noted otherwise • Equates to a synergy run rate of >$100M by end of year one • We expect 60% run rate savings at the end of year two • Substantially fully achieved by the end of year three Note: Walk guidance figures are approximations and do not sum
Slide 12: Appendix / Supplemental Data
Appendix / Supplemental Data 12
Slide 13: Additional Disclosures
Additional Disclosures Non-GAAP Financial Information This presentation refers to certain financial measures, including Adjusted EBITDA, Adjusted EBITDA margin, Adjusted Earnings per Share, Adjusted Free Cash Flow, Net Debt, Net Leverage Ratio and Liquidity that are not required by, or presented in
Slide 14: Reconciliation of Non-GAAP Measures
Reconciliation of Non-GAAP Measures In addition to the results reported in accordance with accounting principles generally accepted in the United States of America (GAAP) included within this presentation, we have provided certain information, which includes non-GAAP financial measures. Such informa
Slide 15: Supplemental Data: EBITDA and Adjusted EBITDA Reconciliation
Supplemental Data* EBITDA and Adjusted EBITDA Reconciliation ($ in millions) Three Months Ended Twelve Months Ended December 31, December 31, 2025 2024 2025 2024 Net income (loss) $ (75.3) $ (13.7) $ (19.7) $ 35.0 Interest expense 72.4 43.9 201.1 186.0 Income tax expense (benefit) (10.0) 6.8 21.2 27
Slide 16: Supplemental Data: LTM EBITDA and Adjusted EBITDA
Supplemental Data* EBITDA and Adjusted EBITDA for the Last Twelve Months Ended December 31, 2025 ($ in millions) Last Twelve Quarter Ended Months Ended March 31, June 30, September 30, December 31, December 31, 2025 2025 2025 2025 2025 Net income (loss) $ 7.1 $ 39.3 $ 9.2 $ (75.3) $ (19.7) Interest
Slide 17: Supplemental Data: Adjusted Earnings Per Share Reconciliation
Supplemental Data* Adjusted Earnings (Loss) Per Share Reconciliation Three Months Ended Twelve Months Ended December 31, December 31, 2025 2024 2025 2024 Diluted earnings (loss) per share $ (0.63) $ (0.12) $ (0.17) $ 0.29 Restructuring and acquisition-related costs 0.45 0.07 0.92 0.14 Debt refinanci
Slide 18: Supplemental Data: Free Cash Flow Reconciliation
Supplemental Data* Free Cash Flow and Adjusted Free Cash Flow Reconciliation ($ in millions) Three Months Ended Twelve Months Ended December 31, December 31, 2025 2024 2025 2024 Net cash provided by operating activities $ 120.5 $ 151.2 $ 411.6 $ 455.4 Less: Capital expenditures net of proceeds from
Slide 19: Supplemental Data: Net Debt and Net Leverage Ratio
Supplemental Data* Net Debt and Net Leverage Ratio ($ in millions) December 31, 2025 Current portion of long-term debt $ 10.4 Long-term debt, net 4,039.1 Total debt, net 4,049.5 Less: Cash, cash equivalents, and 2,205.5 restricted cash Net debt at end of period 1,844.0 Adjusted LTM EBITDA $ 743.2 Ne
Slide 20: Supplemental Data: Segment Financial Information
Supplemental Data* Segment Financial Information ($ in millions) Three Months Ended Twelve Months Ended December 31, December 31, 2025 2024 2025 2024 Segment Sales Driveline $ 971.0 $ 979.6 $ 4,062.0 $ 4,253.3 Metal Forming 551.0 520.6 2,320.2 2,414.3 Total Sales 1,522.0 1,500.2 6,382.2 6,667.6 Inte
Slide 21: Supplemental Data: Full Year 2026 Financial Outlook
Supplemental Data* Full Year 2026 Financial Outlook ($ in millions) Adjusted EBITDA Adjusted Free Cash Flow Low End High End Net income $ (130) $ (60) Low End High End Interest expense 350 350 Net cash provided by operating activities $ 385 $ 410 Income tax expense (55) (25) Capital expenditures net
Slide 22: 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. Adjusted EBITDA is defined as EBITDA excluding the impact of restructuring and acquisition-related costs, debt refinancing and redemption c
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