American Axle & Manufacturing : 1Q 2025 Supplemental Earnings Deck

Published: 2025-05-02 10:33:29 ET AXL

Published on 05/02/2025 at 10:33

$1.41B

Quarterly

Net Sales

$177.3M

First Quarter Adjusted EBITDA (12.6% of Sales)

$(3.9)M

Adjusted Free

Cash Flow Use

1Q 2025 AAM Financial Highlights

AAM Delivered Solid Performance

* For definitions of Adjusted EBITDA, Adjusted Free Cash Flow and non-GAAP reconciliations, please see the attached appendix.

Portfolio Positioning

AAM exited our 50% ownership of both Hefei AAM and Liuzhou AAM in China. As a result, we collected approximately $30 million

in proceeds.

Business Update

Component Wins

Multiple programs awarded to AAM by global customers for various products including axial housings, actuators, shafts, and differentials to service automotive and

agricultural applications.

Note: The depicted components are for illustrative purposes only. Does not reflect the actual products for the specified programs.

Transaction Updates

Strategic Combination

The bridge syndication successfully completed

Credit agreement amendment completed and upsized

U.S. HSR anti-trust clearance received in March

Initial anti-trust submissions filed in all other jurisdictions listed in the Announcement

Driving to a third quarter vote and year-end close

Creates a leading global driveline and metal forming

supplier with significant size and scale

Comprehensive powertrain agnostic product portfolio with leading technology

More diversified customer base with expanded and

balanced geographic presence

Compelling industrial logic with ~$300M of synergies

High margins with strong earnings accretion, cash

flow and balance sheet

Combination Update

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Disclaimer

AAM - American Axle & Manufacturing Holdings Inc. published this content on May 02, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on May 02, 2025 at 14:21 UTC.