Slide 1: Q3 2025 Earnings Presentation
Q3 2025 EARNINGS PRESENTATION Transforming Precision and Powering the Next Generation of Innovation
Slide 2: Forward Looking Statements
FORWARD LOOKING STATEMENTS 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 ability to ex
Slide 3: Q3 2025 Highlights
Q3 2025 Highlights Strategic Value Enhancement New Business Strong Free Cash Flow Portfolio Momentum Generation Management Key wins in defense, medical; Stronger adjusted operating Completing Phase 1 in expanded team with industry earnings & consistent creating scalable core hires improvements in wo
Slide 4: Q3 2025 Key Metrics
Q3 2025 Key Metrics Net Sales: $103.9M Adjusted Operating Income: $4.0M 01 • (+) Power Solutions growth, new launches • (-) Mobile Solutions rationalization, auto • Results up 3x vs. Q3’24 • 3.9% of net sales, continues strong trend 02 production conservatism / uncertainty Adjusted EBITDA: $12.4M; 1
Slide 5: Update Primary Markets
Update Primary Markets Primary End Market Outlook ~% of NN End Market Market Indicators NN’s Outlook vs. Market Revenue 2025 global light vehicle production is flat but with moving parts - and down in NA NN auto parts business is soft year-over- Stellantis production down 10+%, Tesla down 10+%, GM d
Slide 6: NN Q3 2025 – Financial Results Summary
NN Q3 2025 – Financial Results Summary Adjusted EBITDA increased on less sales, winning new business As Reported Adjustments Pro forma Rationalized Q3’24 Q3’25 ($millions) Q3’24 Q3’25 Δ FX Δ Δ Volume Net Sales $113.6 $103.9 (8.5%) ($5.6) $0.7 ($4.9) $108.7 $103.9 (4.4%) Adj. Operating $1.3 $4.0 +207
Slide 7: Steadily Improving Company Profitability Despite Some Sales Softness
Steadily Improving Company Profitability Despite Some Sales Softness Adjusted EBITDA (%) Adjusted Gross Margin (%) 20% 14% +260 bps +210 bps 11.4% 18.4% 10.4% 17.5% 8.8% 16.3% 2023 2024 2025 Q3 YTD Long Term Goal 2023 2024 2025 Q3 YTD Long Term Goal Improvements driven by: SG&A & Headcount Reduction
Slide 8: Power Solutions / Stamped Products – Financial Results Summary
Power Solutions / Stamped Products – Financial Results Summary Adjusted EBITDA increased on sales increase, winning new business Net Sales: $44.9M, up $2.0M, or +4.6% Net Sales Pro forma Net Sales ($millions) ($millions) (+) Higher precious metal prices, new launches in electrical and defense $42.9
Slide 9: Mobile Solutions / Machined Products – Financial Results Summary
Mobile Solutions / Machined Products – Financial Results Summary Adjusted EBITDA down on less sales, winning new business Net sales of $59.1M, down ($11.6M), or (16.4%) Net Sales Pro forma Net Sales ($millions) ($millions) (-) Rationalized underperforming business at plants undergoing consolidation
Slide 10: $9.1M Free Cash Flow Generation in Q3 2025
$9.1M Free Cash Flow Generation in Q3 2025 Solid Working Capital Performance, Adjusted to Softer Near-Term Sales Operating Working Capital ($millions) →23%OWC has been reduced $20.9 million since Q2 $105 $100.7 2023 by new management team $95 21.2% $85 $79.8 →20%Focused efforts on all 3 main compone
Slide 11: Prospecting, Winning and Launching New Business
Prospecting, Winning and Launching New Business WIN LAUNCH $110M $200M $182M $137M $48M $63M $18M $22M $4M 2023 New Business 2024 New Business 2025 Q3 YTD New 2023-2025 Automotive 1st Half 2025 2nd Half 2025 Full Year 2025 Value Annual Expected Run- Stockpile of Sales Wins + Awards Awards Business A
Slide 12: Strategic M&A Program Update
Strategic M&A Program Update ▪ NN is progressing from Phase 1 of its transformation and entering Phase 2 ▪ Phase 1: Creating a scalable core business that generates cash ▪ Optimizing cost structure resetting commercial gameplans ▪ Phase 2: Scale up and grow aggressively ▪ NN is actively evaluating a
Slide 13: 2025 Outlook & Guidance
2025 OUTLOOK & GUIDANCE → Guidance reflects near-term supply chain conservatism from top customers, impacting short-term volume outlooks → North American passenger vehicle production outlooks show some signs of improvement going into 2026 → Maintaining guidance for adjusted EBITDA, free cash flow, n
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 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
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