Slide 1: NDRS Presentation 4Q25
NDRS Presentation 4Q25 April 2026
Slide 2: Overview & Investment Thesis
Overview & Investment Thesis
Slide 3: Nemak: Innovative lightweighting solutions for the global automotive industry
Nemak (BMV: NEMAKA) Innovative lightweighting solutions for the global automotive industry US$5.3-5.5 B US$630-650 M 24 North 20 Revenue* EBITDA* America Europe 6 >70 Customers ~23,000 Employees worldwide** 3 South Asia America Customer portfolio 53 facilities 12 product development centers 1 out of
Slide 4: Diverse and growing customer base
Diverse and growing customer base File:Maserati logo.png New customers, GFCS E-Mobility, Structure & Chassis
Slide 5: Investment thesis
Investment thesis High barriers to entry • Highly -engineered components • Complex and large aluminum and magnesium castings • Sole supplier in 90% of awarded business Ability to capitalize on any electrification scenario • Product portfolio spanning ICE, hybrid & electric vehicles • Leadership posi
Slide 6: Diverse product portfolio to support needs across powertrains
Diverse product portfolio to support needs across powertrains ICE Powertrain E-Mobility & Structure & Chassis Engine Structure & PHEV Battery BEV Battery Cylinder Head Transmission E-Drive Block Chassis Housing Housing Complex castings Large and complex components Strong engineering requirements Mul
Slide 7: Electrification drives incremental Nemak content per vehicle
Electrification drives incremental Nemak content per vehicle Combustion Engine Hybrid Battery Electric US$500 - $650(1) US$700 - $1,000(1) +US$1,400(1) Chassis Other E-Mobility Chassis Hybrid Trans Chassis Structure Structure Battery E-Drive Housings Structure Head, Block & Trans Head & Block 7
Slide 8: Industry
#*Nemak Industry
Slide 9: Nemak well positioned to navigate industry trends
Nemak well positioned to navigate industry trends Economy Emission regulations Electrification Global trade landscape Light vehicle demand projected Emission reduction regulations in Transition to e -mobility slowing Trade regulations fostering to remain broadly stable amid place, supportive of ligh
Slide 10: Industry: Light Vehicles Sales SAAR
Industry Light Vehicles Sales SAAR (M Units) 35.0 China (February Sales: 1.1M vehicles) ▪ Incentive cuts driving market decline 30.0 ▪ Lunar New Year holidays affected monthly sales 21.0 USA (February Sales: 1.3M vehicles) 25.0 ▪ Sales normalization after January weather disruptions 20.0 21.0 ▪ OEMs
Slide 11: Industry Overview
Industry Overview Historical US Auto Inventory Average Transaction Prices (Days Supply) (k USD) 90 +1.5% +0.6% 47.8 48.5 48.3 49.0 48.6 47.7 48.0 80 70 70 60 53 50 52 51 40 41 30 20 10 0 22 23 24 25 26 Feb-25 Feb-26 2022 2023 2024 2025 Note: Prices do not include applied consumer incentives D3 Europ
Slide 12: Implications for Nemak of current industry landscape
Implications for Nemak of current industry landscape • Extended lifespan of ICE assets Internal • 91% of 2025 Revenue Combustion • ICE content in hybrid vehicles • Agnostic to any vehicle propulsion Structural • GF Casting Solutions acquisition Components improves product offering • Long -term trend
Slide 13: Recent developments
#*Nemak Recent developments
Slide 14: Recent developments
Recent developments • US$440 M in awarded contracts during 2025, primarily ICE related (85%) • On February 12, the GF Casting Solutions acquisition was successfully closed • On March 4, the Annual Shareholders’ Meeting approved Mx$1 B (US$55 M) for stock buybacks • On April 1, Hervé Boyer took offic
Slide 15: GF Casting Solutions acquisition
GF Casting Solutions acquisition Enterprise value: US$336 M • US$216 M (US$103 M net of cash) closing payment • Assumed debt: US$44 M; hold -backs, vendor financing and adjustments: US$189 M 2024 Financials: US$707 M Revenue Highly accretive transaction: • Broader product portfolio: 80% EV/SC • Enha
Slide 16: Financials
#*Nemak Financials
Slide 17: Nemak Financials
Nemak Financials Revenue (US$ B) EBITDA (US$ M) 1.21 1.26 1.22 1.21 1.21 1.27 1.22 1.22 182 163 169 156 145 149 143 117 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 12.0% 12.9% 13.8% 12.9% 12.3% 14.3% 11.7% 9.6% EBITDA Margin Capex (US$ M) Net Debt (US$ B) 104 109
Slide 18: Debt profile - Dec25
Debt profile - Dec25 622 Summary 13 547 • Currency: 62% USD, 35% Euro, 3% other 7 • Avg. life 3.88 yrs, Avg. rate 4.45% • Cash: US$517 M 587 285 12 500 243 17 Credit lines availability 273 • Committed credit lines fully available for ~US$400 M 88 225 62 26 40 9 7 31 • Uncommitted credit lines availa
Slide 19: Capital allocation
Capital allocation Capex • Prudent approach to new investments. Consistent reduction in e - mobility -related investments. • US$385 -395 M in 2026 include Georgia (US) facility construction, to be ramping up in 2H26. Leverage • Aim to return below 2.0x in the next 18 -24 months Stock buyback program
Slide 20: ESG
¢Nemak ESG
Slide 21: Sustainability is embedded in our corporate strategy
Sustainability is embedded in our corporate strategy SBTs fully approved Scope 1&2: 28% reduction Roadmap to Net Zero Scope 3: 14% reduction SLB successfully launched By 2030, with a 2019 baseline 2020: C 2023: A - 2025: A Rating 2021: B 2024: A - Supplier Engagement 2022: B 2025: A - Certification
Slide 22: Key Takeaways
#*Nemak Key Takeaways
Slide 23: Key takeaways
Key takeaways • Nemak is well positioned in both high and low electrification scenarios • Robust trade position; compliant with USMCA regional content rules • Focus on profitability, capex streamlining, FCF generation, and leverage reduction • GFCS Acquisition brings diversification in product portf
Slide 24: Contact – Investor Relations
Contact – Investor Relations Denise Reyes Global Treasury & Investor Relations Director denise.reyes@nemak.com Pedro Pereda Investor Relations Manager pedro.pereda@nemak.com Financial reports, press releases and investor materials available at our website : investors.nemak.com
Slide 25: Nemak
6 Nemak Innovative Lightweighting ©Nemak | Public