Slide 1: 2025 First-Quarter Earnings Conference Call
2025 First-Quarter Earnings Conference Call April 30, 2025 Value Others | Inspire Innovation | Grow Responsibly | Win Together
Slide 2: Safe Harbor Statement
Safe Harbor Statement Certain statements and projections contained in this presentation are, by their nature, forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on our current expectations, estimates and projections
Slide 3: Agenda
Agenda Craig Barber R. Bruce McDonald Timothy Kraus Senior Director, Investor Chairman and Senior Vice President and Relations and Corporate Chief Executive Officer Chief Financial Officer Communications 890685-003 29Apr25 18:08 Introduction Page 16 Business Review Financial Review
Slide 4: Q1 Highlights
2025 Q1 Highlights ª Off-Highway divestiture underway; competitive process with multiple bidders ª Q1 results largely in line with expectations ª Accelerating realization of $300 million cost-savings plan – Increasing 2025 cost savings from $175 million to $225 million ª Completed the integration of
Slide 5: Outlook
2025 Outlook ª Outlook based on current tariff landscape—Tariff situation manageable – Mitigation actions being completed – Steel and aluminum index movements in recovery mechanisms – Customer recovery claims submitted ª Market assumptions included in outlook – NA commercial vehicle demand softening
Slide 6: Dana Wins 10th Automotive News PACE Award
Dana Wins 10th Automotive News PACE Award Modular High-Performance Hybrid 8-Speed Dual-Clutch Transmission
Slide 7: Financial Review
Financial Review
Slide 8: Q1 Financial Results
2025 Q1 Financial Results ª Lower demand in all end markets and currency translation ª Efficiency improvements and cost-savings actions offsetting some margin impact of lower sales ª Q1 2024 includes $29M charge related to the proposed divestiture of European hydraulics business ª Improved operating
Slide 9: Q1 Sales and Profit Changes
2025 Q1 Sales and Profit Changes Lower sales driven by reduced demand volume in all end markets Performance gains drove profit improvement despite demand headwinds Cost savings program benefiting margin by ~160 basis points Tariffs lowered margin by ~20 basis points due to the timing of recovery act
Slide 10: Q1 Free Cash Flow
2025 Q1 Free Cash Flow One-time costs increased due to restructuring and strategic transactions Lower cash taxes due to timing of payments and jurisdictional mix Continued focus on lowering working capital requirements driving improvements in adjusted free cash flow Changes from Prior Year ($ in mil
Slide 11: Full-Year Financial Guide
2025 Full-Year Financial Guide Guidance Ranges Guidance includes Off-Highway Change from business for the full year Prior Guide Tariff impact includes recovery Tariff recoveries and of majority of gross impact currency translation within the calendar year Sales $9.5M $10.0M offsetting lower NA CV ma
Slide 12: Full-Year Free Cash Flow
2025 Full-Year Free Cash Flow Higher profit, improved working Changes from Prior Year capital efficiency, and lower capital investment ($ in millions) requirements driving improvement over last year 2025 2024 Change Increase in net interest payments due to higher rates Adjusted EBITDA $ ~975 $ 885 $
Slide 13: Appendix
© 2025 Dana 13 Appendix
Slide 14: Q1 Sales and Profit Change by Segment
2025 Q1 Sales and Profit Change by Segment $226M $1,324M $18M $1,098M $1,180M Sales $0M $0M ($151M) ($7M) ($4M) Light Vehicle $67M $11M $78M $17M $68M Systems $17M $0M ($4M) ($4M) Adjusted EBITDA ($36M) 6.1% 5.9% 7.4% 5.8% 2024 As Segment 2024 Vol/Mix Performance Cost Savings Tariff Currency Commodi
Slide 15: Segment Profiles
Segment Profiles Light Vehicle Commercial Vehicle Off Highway Systems Systems Drive and Motion Systems Year to Date 3/31/2025 Year to Date 3/31/2025 Year to Date 3/31/2025 Deere Other PACCAR 10% 20% 18% Oshkosh LES 6% Ford AGCO 43% 6% SA Renault / Nissan Volvo Manitou 5% Other 10% 6% 52% Tata CNHi 6
Slide 16: Diluted Adjusted EPS
Diluted Adjusted EPS DANA INCORPORATED Reconciliation of Net Income Attributable to the Parent Company to Adjusted Net Income Attributable to the Parent Company and Diluted Adjusted EPS (Unaudited) For the Three Months Ended March 31, 2025 and 2024 (In millions, except per share amounts) Three Month
Slide 17: Segment Data
Segment Data DANA INCORPORATED Segment Sales and Adjusted EBITDA (Unaudited) For the Three Months Ended March 31, 2025 and 2024 Three Months Ended (In millions) March 31, 2025 2024 Sales Light Vehicle $ 1,180 $ 1,324 Commercial Vehicle 568 653 Off-Highway 604 758 Total Sales $ 2,352 $ 2,735 Adjusted
Slide 18: Segment Data Continued
Segment Data Continued DANA INCORPORATED Reconciliation of Earnings Before Income Taxes to Adjusted EBITDA (Unaudited) For the Three Months Ended March 31, 2025 and 2024 Three Months Ended (In millions) March 31, 2025 2024 Earnings before income taxes $ 36 $ 35 Interest income (3) (4) Interest expen
Slide 19: Cash Flow
Cash Flow DANA INCORPORATED Reconciliation of Net Cash Used In Operating Activities to Adjusted Free Cash Flow (Unaudited) Three Months Ended (In millions) March 31, 2025 2024 Net cash used in operating activities $ (37) $ (102) Purchases of property, plant and equipment (75) (70) Proceeds from sale
Slide 20: 2024 Segment Recast
2024 Segment Recast DANA INCORPORATED 2024 Segment Sales and Adjusted EBITDA Recast for Segment Realignment (Unaudited) (In millions) Q1 2024 Q2 2024 Q3 2024 Q4 2024 FY 2024 Sales Light Vehicle $ 1,324 $ 1,366 $ 1,253 $ 1,168 $ 5,111 Commercial Vehicle 653 645 612 570 2,480 Off-Highway 758 727 611 5
Slide 21: Non-GAAP Financial Information
Non-GAAP Financial Information Adjusted EBITDA is a non-GAAP financial measure which we have defined as net income (loss) before interest, income taxes, depreciation, amortization, equity grant expense, restructuring expense, non-service cost components of pension and other postretirement benefit co
Slide 22: Value Others | Inspire Innovation | Grow Responsibly | Win Together
Value Others | Inspire Innovation | Grow Responsibly | Win Together