Nn, Inc. · NASDAQ:NNBR
Nn — NobleCon20 Noble Capital Markets 20th Annual Emerging Growth Equity Conference 2024
18 slides from Nn's conference presentation, Dec 2, 2024
Slide 1: NobleCon20 Noble Capital Markets 20th Annual Emerging Growth Equity Conference
NobleCon20 Noble Capital Markets 20th Annual Emerging Growth Equity Conference December 3rd & 4th 2024
Slide 2: Forward-Looking Statements
Except for specific historical information, many of the matters discussed in this presentation may express or imply projections of revenues or expenditures, statements of plans and objectives or future operations or statements of future economic performance. These statements may discuss goals, inten
Slide 3: NN At A Glance
3 NN At A Glance *Revenue, EBITDA and Adjusted EBITDA above are trailing Twelve Months as of 9/30/24 • Best-In-Class maker of high-precision, complex metal products • Achieved $113 million in new business wins from Q1’23 – Q3’24; goal is $65 million wins per year for next 5 years. • Transforming rev
Slide 4: Globally Competitive Operational Footprint
4 • Close proximity to customers in all major markets to meet local needs • Low-cost country footprint aligned with strategy and facility optimization initiative • Centers of excellence in engineering and manufacturing spanning four continents supporting regional requirements • China Join Venture (“
Slide 5: Macro Theme: China is Growing with High-End Products for Auto and Medical
• Expanding in China - installing over 300 new machines to make next-gen products. NN has been in China for decades with over 1,000 employees. Recently re-entered the orthopedics market • Clear trends as OEMs and T-1’s advance product solutions and increase Chinese production • China is among NN’s b
Slide 6: Power Solutions: Stamped & Assembled Metal Products
6 Power Solutions: Stamped & Assembled Metal Products Provides: Customers with precision stamped parts, electroplated parts, assembly capabilities to help co-design and produce safe, durable, and high- quality mission-critical components across a flexible volume/mix platform End Markets: Electric Gr
Slide 7: Mobile Solutions: Machined Metal Products
7 Mobile Solutions: Machined Metal Products Provides: Customers with precision machining and finishing capabilities to develop 6 sigma product designs with unmatched speed to market and advanced in-house precision engineering capabilities End Markets: Vehicles, (ICE/BEV/HEV), Industrial, and Medical
Slide 8: Transformation Plan Making Solid Progress
2. “Group of 7” money-losing plants being fixed, adj. EBITDA dramatic YTD 8 50% 40% 50% 40% 60% Fix Sales & Grow the Company Deleverage & Refi Debt Expand Margins Fix Unprofitable Areas New Leadership Q3’23 YTD Q3’24 YTD ($8.4) ($0.8) Q3’23 YTD % Q3’24 YTD % Mobile increased 11.4% 13.1% Power* incre
Slide 9: Organic Growth Program Continues to Perform
Organic Growth Program Continues to Perform 9 NN Has Now Secured $113 Million of New Awards from Q1’23 to Q3’24 – Growth Program Gaining Strength ▪ Strong wins continue in China market with NN’s top, highest-quality products ▪ Continued focus on Electrical end markets, Medical end markets, Stamped p
Slide 10: New Market for NN: Orthopedic Implant Parts
10 New Market for NN: Orthopedic Implant Parts Joint Replacement Implants – Early success in targeted Medical market product innovation Participating in the Joint Replacement market* + Significant global opportunity, expected to grow 6% in 2024 + Largest segment in orthopedics; 36% of $59B global ma
Slide 11: Deleveraging Also a Focus Area
3.9x 3.4x 3.2x 3.1x 3.2x 3.0x Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Leverage* 11 Deleveraging Also a Focus Area (*) Leverage multiple defined as net debt / trailing twelve month adjusted EBITDA Strategic Refinancing Process Continues – Will Help Accelerate Transformation and Future Growth ▪ Leverage h
Slide 12: Trends We See: China Making Low-Cost Cars for Itself and Export Markets
12 Trends We See: China Making Low-Cost Cars for Itself and Certain Export Markets China's largest markets – China, Russia, Latin America, Middle East and parts of Europe. Largely blocked from US, Canada, India, Turkey, and Brazil. NN has been in China in over 20 years for both auto and medical mark
Slide 13: What do US Tariffs Mean for NN?
13 What do US Tariffs Mean for NN? Good for NN US has tariffs on certain auto parts and completed passenger vehicles - now seeking to further protection for US-based production Tariffs take aim at the expansion of low-cost alternative supply from China, Mexico, & Canada • NN has ~$120 million of tar
Slide 14: 2024 Guidance & Looking Ahead to 2025
14 2024 Guidance & Looking Ahead to 2025 Guidance Metric Forecast Range Net Sales $465 – $485 million Adjusted EBITDA $47 – $51 million Free Cash Flow $8 – $12 million New Business Wins $55 – $70 million FY’25 First Glance – Returning to Growth ▪ Expect FY’25 Revenues to be higher on a GAAP and pro-
Slide 15: New Approach to Winning Future Business
• Leveraging current footprint and capabilities to drive organic growth and more wins, supported by Ops improvements • Investing aggressively into a few areas: Medical & Electrical markets, capacity in low-cost geographies • Growing in China for Chinese market, and low-cost export markets New Approa
Slide 16: Appendix
Appendix 16
Slide 17: NN's Markets Healthy, Business On Track
17 NN’s Markets Healthy, Business On Track Primary End Market Outlook End Market ~% of NN Revenue Market Indicators +/- NN’s Outlook vs. Market Global Passenger Vehicle 40% Global light vehicle market production is flat; global demand patterns undergoing change China market significantly outpacing U
Slide 18: Thank You
Thank You 18 Joe Caminiti or Stephen Poe, Investors NNBR@alpha-ir.com 312-445-2870 Investor Contacts
NN — NobleCon20 Noble Capital Markets 20th Annual Emerging Growth Equity Conference 2024 on 6ix