Slide 1: 2025 Q2 Earnings Presentation
2025 Q2 Earnings Presentation August 7, 2025
Slide 2: Forward Looking Statements & Disclosures
Forward Looking Statements & Disclosures This presentation contains express and implied forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding our financial outlook for the full year of fiscal 2025, the impact of, and our
Slide 3: Q2 2025 Overview
Q2 2025 Overview Financials Highlights Improved Gross Margin Gaining New Business Net Sales* Adjusted EBITDA $107.9M $13.2M 19.5% $32.7M of new business wins Adjusted Gross Margin in Q2 YTD 12.2% of Sales Adjusted Operating Income Adjusted Net Income $4.9M $0.02 Portfolio Management Balance Sheet Re
Slide 4: Key Metrics
Key Metrics Q2 2025 Results Comments Net Sales* $107.9M Down with one large customer; launched 70 new programs YTD Adjusted Gross Margin 19.5% “OneTeam” salaried approach, good operating performance Adjusted Operating Income $4.9M 4.6% of net sales, significant improvement on track Adjusted EBITDA $
Slide 5: Near Term End Market Outlook
Near Term End Market Outlook Primary End Market Outlook End Market ~% of NN Revenue Market Indicators NN’s Outlook vs. Market Global light vehicle production is flat but with many moving parts Tariffs, affordability, high interest rates, fading BEV incentives, China Outlook is consistent with the br
Slide 6: Steady Financial Improvement
Steady Financial Improvement Adjusted Gross Margin (%) Adjusted EBITDA (%) +230 bps 13 - 14% +190 bps >20% 11.1% 10.4% 18.2% 17.5% 8.8% 16.3% 2023 2024 2025 YTD Long Term Goal 2023 2024 2025 YTD Long Term Goal Improvements being driven by: Top notch on-time delivery with minimal backlogs or quality
Slide 7: Q2 2025 – NN Financial Results
Q2 2025 – NN Financial Results As Reported Q2 2024 Adjustments Pro Forma ($millions) Q2'25 Q2’24 2024 Sale Rationalized Δ FX Total Q2'25 Q2’24 Δ of Lubbock Volume Net Sales $107.9 $123.0 ($15.1) ($5.9) ($5.6) ($0.9) ($12.4) $107.9 $110.6 ($2.7) Adj. Operating Income $4.9 $2.1 $2.8 ($0.8) $0.6 - ($0.
Slide 8: Power Solutions Business – Q2 2025 Highlights
Power Solutions Business – Q2 2025 Highlights Net Sales Net Sales Net Sales, pro forma of $44.6M, up $1.0M, or +2.3% As Reported Pro Forma ▪ Steady unit volumes aided by higher metal prices ($ millions) ($ millions) ▪ Prior year net sales as reported included sales from Lubbock facility ▪ 2nd half 2
Slide 9: Mobile Solutions Business – Q2 2025 Highlights
Mobile Solutions Business – Q2 2025 Highlights Net sales, pro forma of $63.4M, down ($3.6M), or (5.4%) Net Sales Net Sales ▪ Rationalized volumes and lower automotive volumes ($ millions) (Pro Forma) ($ millions) ▪ Partially offset by new program launches and ramp-ups during 2025 Adjusted EBITDA, pr
Slide 10: NN's Growth Engine - Winning and Launching New Business
NN’s Growth Engine - Winning and Launching New Business Launching New Business ($M) Winning New Business ($M) $48.0 $250 112 93 $200 $13.4 $200 70 $150 $172 $8.4 $137 34 $100 $3.3 $1.3 $50 $63 Q1 Q2 Q3 Q4 Full Run-Rate $- Value of 2025 2023 Wins 2024 Wins 2025 YTD Wins 2023-25 Launches Cumulative Go
Slide 11: NN Further Increased its Commitment to Profitable Growth
NN Further Increased its Commitment to Profitable Growth →Tim Erro is new Chief Commercial Officer and Bringing in New Team Members Tim Erro, Chief Commercial Officer ▪ NN is making a ~$2 million investment in new people to help grow the electrical, stamping and medical businesses ➢ New CCO with ele
Slide 12: 2025 Outlook & Guidance
2025 Outlook & Guidance Net Sales of $430 to $460 million ▪ Reiterating, no change - expecting to deliver towards lower half of the range Adjusted EBITDA of $53 to $63 million ▪ Reiterating, no change - expecting to deliver towards lower half of the range New Business Wins of $60 to $70 million ▪ Re
Slide 13: Virtual Investor Day December 2025
Virtual Investor Day December 2025 13
Slide 14: Appendix
Appendix
Slide 15: Non-GAAP Financial Measures Footnotes
Non-GAAP Financial Measures Footnotes The Company discloses in this presentation the non-GAAP financial measures of adjusted gross margin, adjusted income (loss) from operations, adjusted EBITDA, adjusted EBITDA margin, adjusted net income (loss), adjusted net income (loss) per diluted share and fre
Slide 16: Reconciliation of GAAP Gross Profit to Non-GAAP Gross Profit and Gross Margin
Reconciliation of GAAP Gross Profit to Non-GAAP Gross Profit and Gross Margin 16
Slide 17: Reconciliation of GAAP Income (Loss) from Operations to Non-GAAP Adjusted EBITDA
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 Net Loss to Non-GAAP Adjusted Net Income (Loss)
Reconciliation of GAAP Net Loss to Non-GAAP Adjusted Net Income (Loss) and GAAP Net Loss per Diluted Common Share to Non-GAAP Adjusted Net Income (Loss) per Diluted Common Share 18
Slide 19: Reconciliation of Operating Cash Flow to Free Cash Flow
Reconciliation of Operating Cash Flow to Free Cash Flow 19
Slide 20: Thank You
Investor & Media Contacts Joe Caminiti or Stephen Poe NNBR@alpha-ir.com 312-445-2870 Thank You 20