Slide 1: Q1 2026 Update: Growth Meets Cost Leadership
Q1 2026 Update Growth Meets Cost Leadership
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 full year 2026 and the impact of, and our ability to execute, our
Slide 3: Management in Attendance
Management in Attendance Harold Bevis Chris Bohnert Tim French Chief Executive Officer Chief Financial Officer Chief Operating Officer 3
Slide 4: Q1 2026 Strong: Raising Guidance
Q1 2026 Strong: Raising Guidance Strong Q1: Growth Programs: Momentum is Building Delivering Results • Strong Q1 results with good mix • Three main end-market diversification • Highest trailing 12-month adj. programs: Electric Grid & Data Center, EBITDA in ~5 yrs Defense & Electronics, and Medical •
Slide 5: Guidance and Outlook Raise
Guidance and Outlook Raise 2026 first quarter – strong performance, good outlook for the rest of 2026 • Sales and adjusted EBITDA outperformed prior period - good mix, good operating performance, lower costs • 22 of Top 30 customers are up in sales, broad-based sales growth, prospecting & adding new
Slide 6: First Quarter 2026 – Key Metrics
First Quarter 2026 – Key Metrics Net Sales: $118.5M Adj. Op. Income: $5.8M 1 2 • Up $12.8M, or +12% • Up $3.8M, or +184% • Electric Grid & Data Center, Defense & • Leaner operating model, less burden from Electronics delivering strong growth operational transformation costs Adj. EBITDA: $14.1M New B
Slide 7: First Quarter 2026 – Financial Results Summary
First Quarter 2026 – Financial Results Summary ($millions) Q1’25 Q1’26 $Δ %Δ Net Sales ($millions) Net Sales $105.7 $118.5 +$12.8M +12% +12% $118.5 Adj. Operating Income $2.0 $5.8 +$3.8M +184% $105.7 Adj. EBITDA $10.6 $14.1 +$3.5M +33% Adj. EBITDA Margin % 10.0% 11.9% -- +190 bps New Business Wins $
Slide 8: Power Solutions / Stamped Products
Power Solutions / Stamped Products Net Sales ($millions) Net Sales: $55.4M, up $11.9M, or +27.3% +27% $55.4 (+) Positive sales mix $43.5 (+) Higher precious metal price pass-through, favorable FX effects (-) Sales volume softness in a few areas Adjusted EBITDA: $10.4M, up $4.1M, or +65.1% Q1'25 Q1'2
Slide 9: Mobile Solutions / Machined Products
Mobile Solutions / Machined Products Net Sales ($millions) Net Sales: $63.1M, up $0.9M, or +1.4% (+) Solid volumes from new launches, global volume growth ex-China $62.2 +1% $63.1 (-) China automotive softness offsetting volume growth in other areas Segment returned to Y/Y sales growth – with strong
Slide 10: Sales Growth and Portfolio Transformation Continues
Sales Growth and Portfolio Transformation Continues % of Sales 2023 Q1 2025 Q1 2026 Growth Growth Markets Growth Markets 35% Auto 49% Auto 44% Auto 65% Markets 51% 56% Three main diversification end-markets Electric Grid & Data Center, Defense & Electronics, and Medical • Strategically shifting port
Slide 11: Three Main Diversification Growth Areas are Kicking In
Three Main Diversification Growth Areas are Kicking In Stats: Operational & Commercial Success Potential to Technical Success Factors to Become a Material Factors to Compete Disrupt & Grow Business Electric Grid & Data Center • Creating growth in a large, profitable NN business • Added dedicated ass
Slide 12: Investing for Growth in Data Center Business
Investing for Growth in Data Center Business Significant business in Electric Grid & Data Center products • #2 overall market across transformer components, electrical disconnects, circuit breaker components, smart meters • Trailing 12-month sales = $73 Million, accretive margins → near-term goal of
Slide 13: End-Market Outlooks are Strengthening in 2026
End-Market Outlooks are Strengthening in 2026 NN Market Comments Outlook Electric Grid & • Market to remain strong Data Center • NN expected to achieve growth across FY’26 Defense • NA market to remain strong, at record levels Growth & Electronics • NN expected to achieve growth across FY’26 Markets
Slide 14: Multi-Year Roadmap – Long-Term Goals are Pulling In
Multi-Year Roadmap – Long-Term Goals are Pulling In Net Sales & Adj. Gross Margin Adj. EBITDA & Margin $600M $80M 20% 13% $422M $49M 18.5% 11.6% 2025 2029 2030 2025 2029 2030 • Targeted growth programs are delivering • Cost leadership blueprint is delivering • Still gaining momentum and taking addit
Slide 15: Forecasting Another Year of Improved Results
Forecasting Another Year of Improved Results $57.0 $49.7 $49.0 $45.5 $46.9 $42.0 $40.3 $35.3 12.4% 11.2% 11.6% Adj. EBITDA ($millions) 10.9% 10.3% excluding Lubbock 8.8% 8.6% Adj. EBITDA Margin % 7.4% excluding Lubbock 2020 2021 2022 LTM Q2 2023 2023 2024 2025 2026 Guidance Mid- Point New Gameplan G
Slide 16: 2026 Outlook: Raising FY 2026 Guidance
2026 Outlook: Raising FY 2026 Guidance Midpoint Raise Midpoint vs. Prior Year Net Sales of $450 - $470 million +$10 Million +9% 1 • Volume gaining momentum, good mix, high precious metal pass-through • Significant program launches underway & base markets are stable • Forecasting elevated precious me
Slide 17: Appendix
Appendix 17
Slide 18: Non-GAAP Financial Measures Footnotes
Non-GAAP Financial Measures Footnotes The Company discloses in this presentation the non-GAAP financial measures of adjusted gross profit, adjusted gross margin, adjusted income (loss) from operations, adjusted EBITDA, adjusted EBITDA margin, adjusted net income (loss), and adjusted net income (loss
Slide 19: Reconciliation of GAAP Gross Profit to Non-GAAP Adjusted Gross Profit and Adjusted Gross Margin
Reconciliation of GAAP Gross Profit to Non-GAAP Adjusted Gross Profit and Adjusted Gross Margin 19
Slide 20: Consolidated reconciliation of GAAP Loss from Operations to Non-GAAP Adjusted EBITDA
Consolidated reconciliation of GAAP Loss from Operations to Non-GAAP Adjusted Income from Operations and Non-GAAP Adjusted EBITDA and Adjusted EBITDA margin 20
Slide 21: Power Solutions segment reconciliation to Non-GAAP Adjusted EBITDA
Power Solutions segment reconciliation of GAAP Income from Operations to Non-GAAP Adjusted Income from Operations and Non-GAAP Adjusted EBITDA and Adjusted EBITDA margin 21
Slide 22: Mobile Solutions segment reconciliation to Non-GAAP Adjusted EBITDA
Mobile Solutions segment reconciliation of GAAP Loss from Operations to Non-GAAP Adjusted Income from Operations and Non-GAAP Adjusted EBITDA and Adjusted EBITDA margin 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: Thank You
Investor & Media Contacts Joe Caminiti or Abe Plimpton NNBR@alpha-ir.com 312-445-2870 Thank You 24
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