Nn, Inc. · NASDAQ:NNBR
Nn — Sidoti Virtual Investor Conference March 2024
22 slides from Nn's conference presentation, Mar 14, 2024
Slide 1: Investor Presentation Sidoti Virtual Investor Conference
Investor Presentation Sidoti Virtual Investor Conference NN Inc. | March 14, 2024
Slide 2: Forward Looking Statement & Disclosures
NN Inc., Investor Presentation | March 2024 2 Forward Looking Statement & Disclosures Except for specific historical information, many of the matters discussed in this press release may express or imply projections of revenues or expenditures, statements of plans and objectives or future operations
Slide 3: Investment Highlights
NN Inc., Investor Presentation | March 2024 3 • Leading manufacturer of high-precision metal products • Decades of proprietary engineering know-how • Products are know- how and applicable to multiple desirable end markets/applications: auto, medical, and power Make Critical High- Spec Parts for Attr
Slide 4: NN At A Glance
NN Inc., Investor Presentation | March 2024 NN At A Glance 4 (1) Trailing Twelve Months as of 12/31/23 • Best-In-Class maker of high-precision, complex metal products • Achieved company-record $62.6 million in new business wins in 2023 with momentum in steering systems, electrical connector componen
Slide 5: Two Primary Business Segments: Stamping and Machining Product Lines
NN Inc., Investor Presentation | March 2024 Two Primary Business Segments: Stamping and Machining Product Lines 5 Provides: Customers with precision stamping and plating capabilities to help codesign and produce safe, durable, and high-quality mission-critical components across a flexible volume/mix
Slide 6: Globally Competitive Operational Footprint
NN Inc., Investor Presentation | March 2024 • Close-to-customer engineering centers coupled with both local and low-cost footprint • New approach to leveraging global collective strengths and procurement scale • 49% owner in ~$100m China machining JV Globally Competitive Operational Footprint 6 Nort
Slide 7: Goals, Progress and 2024 Actions
NN Inc., Investor Presentation | March 2024 7 Status Goal Progress and 2024 Actions 1. Strengthen Team • Adding talent across the company – executive, sales, engineering, procurement, plants, medical, electrical • Sourcing specialized talent in IT, web, Cyber security • Elevating customer satisfacti
Slide 8: 2024 Company and Market Outlook – Business on Track
NN Inc., Investor Presentation | March 2024 2024 Company and Market Outlook – Business on Track 8 Assumptions and Drivers of Expected Performance • Steady end-market demand with exception of NA commercial vehicle market declining vs. 2023 • Normal seasonality brings more ship days in Q1, resulting i
Slide 9: Five Year Plan: Aggressive Growth in Metal Parts
NN Inc., Investor Presentation | March 2024 5 Year Plan: Aggressive Growth in Metal Parts, Create Bigger Businesses in Electrical and Medical, Expand Low Cost Footprint and Capacity 9 • Sales CAGR of 4-5% on organic business • Higher growth targeted in strategic growth areas: Medical, Connectors, an
Slide 10: Balance Sheet Optimization Plan
NN Inc., Investor Presentation | March 2024 10 Balance Sheet Optimization Plan Strong Organizational Commitment • Implemented much tougher stance on balancing cash inflows with outflows, reducing leverage, and increasing liquidity o Showing strong early results o 3.20x leverage, down vs. 3.37x in Q3
Slide 11: Investment Highlights
NN Inc., Investor Presentation | March 2024 11 • Leading manufacturer of high-precision metal products • Decades of proprietary engineering know-how • Products are know- how and applicable to multiple desirable end markets/applications: auto, medical, power Make Critical High- Spec Parts for Attract
Slide 12: Appendix
NN Inc., Investor Presentation | January 2024 Appendix 12
Slide 13: NN's Strong Product and Capability Portfolio
NN Inc., Investor Presentation | January 2024 NN's Strong Product and Capability Portfolio 13 • ISO-9001, ISO-13485, IATF-16949, NADCAP AC7108 AND AC7014, ITAR Multifaceted Certifications: Automobile, Commercial Vehicle, Aerospace & Defense, Medical • Nanometer and single-micron specifications and t
Slide 14: Q4'23 Financial Results Were As Expected
NN Inc., Investor Presentation | March 2024 14 Q4’23 Financial Results Were As Expected Sales Drivers • Volume: ~($7M) • Pricing: ~$5M • Taunton & Irvine Closures: ~($3M) (Dollars in millions, except per share data) Q4’22 Q4’23 Δ Net Sales $118.0 $112.5 (4.6%) Operating Income (Loss) ($11.0) ($7.9)
Slide 15: FY'23 Financial Results Were As Expected
NN Inc., Investor Presentation | March 2024 15 FY’23 Financial Results Were As Expected (Dollars in millions, except per share data) 2022 2023 Δ Net Sales $498.7 $489.3 (1.9%) Operating Income (Loss) ($21.1) ($21.8) ($0.7) Adjusted Operating Income (Loss) $1.9 $3.1 $1.2 Adjusted EBITDA $43.9 $43.1 (
Slide 16: Non-GAAP Financial Measures Footnotes
NN Inc., Investor Presentation | January 2024 Non-GAAP Financial Measures Footnotes The Company discloses in this presentation the non-GAAP financial measures of adjusted income (loss) from operations, adjusted EBITDA, adjusted net income (loss), adjusted net income (loss) per diluted share, free ca
Slide 17: Reconciliation of GAAP Income (Loss) from Operations to Non-GAAP Adjusted EBITDA
NN Inc., Investor Presentation | March 2024 Reconciliation of GAAP Income (Loss) from Operations to Non-GAAP Adjusted Income (Loss) from Operations and Non-GAAP Adjusted EBITDA 17
Slide 18: Reconciliation of GAAP Income (Loss) from Operations to Non-GAAP Adjusted EBITDA
NN Inc., Investor Presentation | March 2024 Reconciliation of GAAP Income (Loss) from Operations to Non-GAAP Adjusted Income (Loss) from Operations and Non-GAAP Adjusted EBITDA 18
Slide 19: Reconciliation of GAAP Net Income (Loss) to Non-GAAP Adjusted Net Income (Loss)
NN Inc., Investor Presentation | March 2024 Reconciliation of GAAP Net Income (Loss) to Non-GAAP Adjusted Net Income (Loss) and GAAP Net Income (Loss) per Diluted Common Share to Non-GAAP Adjusted Net Income (Loss) per Diluted Common Share 19
Slide 20: Reconciliation of GAAP Net Income (Loss) to Non-GAAP Adjusted Net Income (Loss)
NN Inc., Investor Presentation | March 2024 Reconciliation of GAAP Net Income (Loss) to Non-GAAP Adjusted Net Income (Loss) and GAAP Net Income (Loss) per Diluted Common Share to Non-GAAP Adjusted Net Income (Loss) per Diluted Common Share 20
Slide 21: Reconciliation of Operating Cash Flow to Free Cash Flow
NN Inc., Investor Presentation | March 2024 Reconciliation of Operating Cash Flow to Free Cash Flow 21
Slide 22: Thank You
NN Inc., Investor Presentation | January 2024 Thank You 22 Joe Caminiti or Stephen Poe, Investors Tim Peters or Emma Brandeis, Media NNBR@alpha-ir.com 312-445-2870 Investor & Media Contacts