Slide 1: Second Quarter 2026 Earnings Call
Second Quarter 2026 Earnings Call August 7, 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: 2Q 2026 Financial Highlights
2Q 2026 Financial Highlights* Top-Line Profitability Cash $3.0B $390M $148M Quarterly Quarterly Quarterly Sales Adj. EBITDA Adj. Free Cash 13.2% of Sales Flow Continued Positive Acceleration As The New Dauch Corporation * For definitions of Adjusted EBITDA and Adjusted Free Cash Flow and other non-G
Slide 4: Synergy Status
Synergy Status SOURCE OF COST SAVINGS ESTIMATE SYNERGY ACHIEVEMENT GAUGE SG&A ANNUAL RUN RATE SAVINGS • Public company and other costs YEAR 2 • Workforce optimization ~30% YEAR 1 TARGET TARGET • Streamlining ER&D expenses $180M • Elimination of duplicate offices >$100M AS OF PURCHASING AUG 7, 2026 •
Slide 5: Business Update
Business Update Quality Award Business Awards Growth Opportunities Dauch was named a During the quarter, the The company is actively Ford Supplier of the Year company was awarded quoting on over $2 billion of in the Quality category by Ford multiple new and new and incremental Motor Company, honorin
Slide 6: 2026 Financial Outlook (as of August 7, 2026)
2026 Financial Outlook (as of August 7, 2026) 2026 Financial Targets* Other Items Current Prior • The financial outlook incorporates partial year contribution from Dowlais as of Full Year Sales $10.6 - $10.8B $10.3 - $10.8B February 3, 2026 Adjusted EBITDA $1.36 - $1.425B $1.3 - $1.425B • Based on p
Slide 7: 2Q 2026 Sales Walk (Yr/Yr)
2Q 2026 Sales Walk (Yr/Yr) $ in MM, unless noted otherwise Yr/Yr Changes of the Dowlais Contribution: Vol, Mix & Other: ~$42 Sale of business: ~($31) MM/FX: ~$8 $1,454 $2,956 ($15) $1,536 $35 $1,517 ($4) ($16) ($34) 2Q 2025 Sales Pricing Volume, Mix Sale of CV Axle Metal Markets 2Q 2026 Sales Dowlai
Slide 8: 2Q 2026 Adjusted EBITDA Walk (Yr/Yr)
2Q 2026 Adjusted EBITDA Walk (Yr/Yr)* $ in MM, unless noted otherwise Yr/Yr Changes of the Dowlais Contribution: Vol, Mix & Other : ~$9 Sale of business: ~($4) Performance & Other: ~$9 MM/FX: <$1 $15 $390 $180 $202 $8 $3 $195 ($4) ($3) ($3) ($8) 2Q 2025 Adj Pricing Volume, Mix Sale of CV Axle Perfor
Slide 9: Capital Markets Day November 17, 2026
Capital Markets Day November 17, 2026 New York, New York More Details To Come
Slide 10: Appendix / Supplemental Data
Appendix / Supplemental Data 10
Slide 11: 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 12: 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 13: 2Q 2026 Pro Forma Sales Walk
2Q 2026 Pro Forma Sales Walk $ in MM, unless noted otherwise DCH: ~($20) DCH: ~($34) DCH: ~$35 DWL: ~$42 DWL: ~($31) DWL: ~$8 $1,432 $2,956 $22 $43 $2,956 ($12) ($65) $1,536 2Q 2025 Sales 2Q 2025 Sales Pro Forma 2Q 2025 Volume, Mix Sale of Metal Markets Reported Legacy Dauch Dowlais Intercompany Pro
Slide 14: 2Q 2026 Pro Forma Adjusted EBITDA Walk
2Q 2026 Pro Forma Adjusted EBITDA Walk* $ in MM, unless noted otherwise DCH: ~($7) DCH: ~($3) DCH: ~$8 DCH: ~$3 DWL: ~$9 DWL: ~($4) DWL: ~$9 DWL: <$1 $3 $15 $390 $166 $368 $2 $17 ($7) ($8) $202 2Q 2025 2Q 2025 2Q 2025 Volume, Mix Sale of UAW Performance Metal Markets Realized Reported Adj EBITDA Pro
Slide 15: Pro Forma Financial Data By Quarter
Pro Forma Financial Data By Quarter We are providing pro forma sales and Adjusted EBITDA as if the combination of Dauch and Dowlais occurred on January 1, 2025. Dowlais 1Q2025 and 1Q2026 data reflect January, February and March results. LTM 2Q 2026 pro forma LTM Dauch 1Q 2025 2Q 2025 3Q 2025 4Q 2025
Slide 16: Supplemental Data: Segment Financial Information
Supplemental Data* Segment Financial Information ($ in millions) Three Months Ended Six Months Ended June 30, June 30, 2026 2025 2026 2025 Segment Sales Driveline $ 2,225.0 $ 1,107.2 $ 3,994.1 $ 2,094.2 Metal Forming 861.7 545.0 1,587.9 1,070.5 Total Sales 3,086.7 1,652.2 5,582.0 3,164.7 Intersegmen
Slide 17: Supplemental Data: EBITDA and Adjusted EBITDA Reconciliation
Supplemental Data* EBITDA and Adjusted EBITDA Reconciliation ($ in millions) Three Months Ended Six Months Ended June 30, June 30, 2026 2025 2026 2025 Net income (loss) $ 1.5 $ 39.3 $ (98.5) $ 46.4 Interest expense 89.8 43.1 179.4 86.0 Income tax expense (benefit) 16.1 28.1 (3.5) 42.1 Depreciation a
Slide 18: Supplemental Data: Adjusted Earnings Per Share Reconciliation
Supplemental Data* Adjusted Earnings Per Share Reconciliation Three Months Ended Six Months Ended June 30, June 30, 2026 2025 2026 2025 Diluted earnings (loss) per share $ - $ 0.32 $ (0.46) $ 0.38 Restructuring and acquisition-related costs 0.19 0.13 0.67 0.29 Debt refinancing and redemption costs -
Slide 19: Supplemental Data: Free Cash Flow Reconciliation
Supplemental Data* Free Cash Flow and Adjusted Free Cash Flow Reconciliation ($ in millions) Three Months Ended Six Months Ended June 30, June 30, 2026 2025 2026 2025 Net cash provided by operating activities $ 107.5 $ 91.9 $ 43.1 $ 147.8 Less: Capital expenditures net of proceeds from the sale of p
Slide 20: Supplemental Data: Net Debt and Pro Forma Net Leverage Ratio
Supplemental Data* Net Debt and Pro Forma Net Leverage Ratio ($ in millions) June 30, 2026 Current portion of long-term debt $ - Long-term debt, net 5,025.9 Total debt, net 5,025.9 Less: Cash and cash equivalents (880.8) Net debt at end of period 4,145.1 Adjusted pro forma LTM EBITDA 1,595.0 Less: E
Slide 21: Supplemental Data: Pro Forma EBITDA Reconciliations
Supplemental Data* Pro forma EBITDA and Pro forma Adjusted EBITDA Reconciliations Quarter Ended LTM September 30, December 31, March 31, June 30, June 30, 2025 2025 2026 2026 2026 Net income (loss) $ 18.9 $ (71.3) $ (33.4) $ 1.5 $ (84.3) Interest expense 96.3 96.2 96.9 89.8 379.2 Income tax expense
Slide 22: Supplemental Data: Full Year 2026 Outlook, Adjusted EBITDA
Supplemental Data* Full Year 2026 Financial Outlook ($ in millions) Adjusted EBITDA Low End High End Net loss $ (200) $ (135) Interest expense 350 350 Income tax expense 20 15 Depreciation and amortization 825 825 Full year 2026 targeted EBITDA 995 1,055 Acquisition-related costs 65 65 Restructuring
Slide 23: Supplemental Data: Full Year 2026 Outlook, Adjusted Free Cash Flow
Supplemental Data* Full Year 2026 Financial Outlook ($ in millions) Adjusted Free Cash Flow Commentary Possible impact to 2027 Low End High End Net cash provided by operating activities $ 395 $ 410 Capital expenditures net of proceeds from the (500) (500) sale of property, plant and equipment Full y
Slide 24: 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. As revised, Adjusted EBITDA is defined as EBITDA excluding the impact of restructuring, acquisition-related and synergy costs, debt refinan
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