NN : Investor Presentation - Roth Investor Webinar
NNBR
Published on 05/11/2026 at 09:58 am EDT
Growth Meets Cost Leadership
Roth Virtual Webinar Investor Presentation
May 2026
We Deliver Precision Performance
NN 2026 Guidance
Sales*
$450 - $470 Million (+$100+ Million JV)
Adjusted EBITDA*
$52 - $62 Million
>12% Margin
Key Markets
Grid, Data Center, Auto, Defense & Electronics
Customers
~700
3
Footprint Matches Auto, Grid, Data Center, Defense Markets
Global footprint to serve both local customers and global customers
Top end markets are auto and electric grid / data center
Top geographic markets are North America and China
NN footprint matches the global supply chain for data center, electric grid and automotive very well
~700 customers served from 27
facilities
North America
~60% SALES
~40%
EMPLOYEES
16
FACILITIES
1,000+ MACHINE CENTERS
South America
~10% SALES
~25% EMPLOYEES
4
FACILITIES
350+ MACHINE CENTERS
Europe
~11% SALES
~10% EMPLOYEES
3
FACILITIES
300+ MACHINE CENTERS
CHINA
~19% SALES
~25% EMPLOYEES
4
FACILITIES
300+ MACHINE CENTERS
4
Raised FY 2026 Guidance after Q1 Results
1
Midpoint Raise
Midpoint vs. Prior Year
+$10 Million
+9%
+$2 Million
+16%
+$10 Million
+14%
Net Sales of $450 - $470 million
Volume gaining momentum, good mix, high precious metal pass-through
Significant program launches underway & base markets are stable
Forecasting elevated precious metals and FX throughout 2026
2
Adjusted EBITDA of $52 - $62 million
Good operating performance
Good mix, higher volumes
3
Higher volumes running across lower costs, $10m CI program
New Business Wins of $80 - $90 million
Raising forecast on strength of Q1 2026, and strong forward outlook
Wins are concentrated in strategic focus areas - Electric Grid & Data Center, Defense & Electronics
Strong pipeline - Expanding customer wallet share, adding new customers, faster ramp-ups
Q1 2026 Guidance and Outlook Raise
2026 first quarter - strong performance, good outlook for the rest of 2026
Sales and adjusted EBITDA outperformed prior period - good mix, good operating performance, lower costs
22 of Top 30 customers are up in sales, broad-based sales growth, prospecting & adding new Data Center customers
NN's outlook for FY 2026 is expected to be stronger than FY 2025
Intentionally expanding Electric Grid & Data Center business growth opportunities
2026 full year - outlook expected to be record annual performance in multiple areas
Good mix, good operating performance, sales growth, EBITDA growth, adjusted EBITDA growth, adjusted EPS, new wins
Expanded participation in Electric Grid & Data Center growth, while also prospecting and winning additional business
2027-2030 - outlook improving, moving the timing of long-term goal attainment in from 2030 to 2029
Results are overcoming global auto weakness and tariffs turmoil
Replacing Auto sales with Electric Grid & Data Center, Defense & Electronics, Medical, Industrial
Market
NN
Outlook
Comments
Electric Grid & Data Center
Defense
& Electronics
Medical
Auto - China
Commercial Vehicle
Industrial
Global Auto
(N. America, S. America, Europe)
Market to remain strong
NN expected to achieve growth across FY'26
NA market to remain strong, at record levels
NN expected to achieve growth across FY'26
Market to remain steady and growing
NN expecting to achieve new wins across FY'26
Market is soft in the beginning of 2026
NN expecting stable sales during 2nd Half of 2026
Market is slightly down in the beginning of 2026
NN expecting small growth in the 2nd half of 2026
Market is showing small amount of growth in beginning of 2026
NN expecting continued modest growth across FY'26
Market is slightly down - affordability, ICE-EV, China exports
NN expecting flat sales across FY'26
Growth Markets
Three Main Diversification Growth Areas are Delivering
Operational & Technical Success Factors to Compete
Commercial Success Factors to
Disrupt & Grow
Potential to Become a Material Business
Electric Grid & Data Center • Creating growth in a large, profitable NN business
Added dedicated assets, new products, internally funding
Added liquid cooling connectors in 2026
Data Center is fast-paced collaborative development
Bottom Line: Growth from new and existing products, adding new liquid cooling customers + products; growth has been faster than expected
Added dedicated assets + certifications, internally funding
2-year development program with marquee OEM
Bottom Line: Growth from pre-existing products + customers, adding new customers
+ products; growth has been faster + bigger than expected
Defense & Electronics • Adding to large, profitable business (2024)
Medical • Fixed a small, unprofitable business and implemented growth plan (Fall 2023)
Added dedicated assets + certifications, internally funding
2-year development program with marquee OEM
Bottom Line: Corrected profit issues, has been slower to grow than expected, momentum increasing
$57.0
$45.5
$49.7
$46.9
$49.0
$42.0
$40.3
12.4%
11.2%
10.9%
11.6%
10.3%
8.8%
8.6%
2020
2021
2022
2023
2024
2025
2026 Guidance Mid-Point
LTM Q2 2023
New Gameplan
7.4%
$35.3
2026 Expected to be Another Year of Improved Results
Adj. EBITDA ($millions) excluding Lubbock
Adj. EBITDA Margin %
excluding Lubbock
Growth is Meeting Cost Leadership
NN has delivered strong multi-year financial results led by solid operational performance, and has its 3 main growth programs kicking in
Electric Grid Data Center; Defense & Electronics; Medical
Next up will be additional product lines for all 3 focus areas - Wire Harnesses and Bus Bar
As sales growth and volumes build momentum across 2026 and beyond, company will benefit from lower-cost operating model
Sales Growth and Portfolio Transformation Continues
Growth Markets 35%
Auto 65%
% of Sales
2023
Q1 2025
Q1 2026
Growth Markets 51%
Auto 49%
Growth Markets 56%
Auto 44%
Strategically shifting sales portfolio into higher-value end markets, and lessening the amount of auto overall
The 3 main sales diversification areas are: Data Center & Electric Grid, Defense & Electronics, Medical
These 3 sales areas for NN are up +28% Q1 2026 vs. Q1 2025
Net Sales & Adj. Gross Margin
18.5%
$422M
Old
New
20%
$600M
2025 2029 2030
Adj. EBITDA & Margin
$80M
13%
New
11.6%
Old
$49M
2025 2029 2030
Targeted growth programs are delivering
Cost leadership blueprint is delivering
Gaining additional momentum on margin rates and taking additional actions
12
Appendix
Non-GAAP Financial Measures Footnotes
The Company discloses in this presentation the non-GAAP financial measures of adjusted gross profit, adjusted gross margin, adjusted income (loss) from operations, adjusted EBITDA, adjusted EBITDA margin, adjusted net income (loss), and adjusted net income (loss) per diluted common share. Each of these non-GAAP financial measures provides supplementary information about the impacts of acquisition, divestiture and integration related expenses, foreign-exchange impacts on inter-company loans, reorganizational and impairment charges. The costs we incur in completing acquisitions, including the amortization of intangibles and deferred financing costs, and divestitures are excluded from these measures because their size and inconsistent frequency are unrelated to our commercial performance during the period, and we believe are not indicative of our ongoing operating costs. We exclude the impact of currency translation from these measures because foreign exchange rates are not under management's control and are subject to volatility. Other non-operating charges are excluded, as the charges are not indicative of our ongoing operating cost. We believe the presentation of adjusted gross profit, adjusted gross margin, adjusted income (loss) from operations, adjusted EBITDA, adjusted EBITDA margin, adjusted net income (loss) and adjusted net income (loss) per diluted common share provides useful information in assessing our underlying business trends and facilitates comparison of our long-term performance over given periods.
The non-GAAP financial measures provided herein may not provide information that is directly comparable to that provided by other companies in the Company's industry, as other companies may calculate such financial results differently. The Company's non-GAAP financial measures are not measurements of financial performance under GAAP and should not be considered as alternatives to actual income growth derived from income amounts presented in accordance with GAAP. The Company does not consider these non-GAAP financial measures to be a substitute for, or superior to, the information provided by GAAP financial results.
Non-GAAP adjusted gross margin represents GAAP gross profit, adjusted to exclude the effects of restructuring and integration expense and non-operational charges related to acquisition and transition expense. We believe this presentation is commonly used by investors and professional research analysts in the valuation, comparison, rating, and investment recommendations of companies in the industrial industry. We use this information for comparative purposes within the industry. Non-GAAP adjusted gross margin is not a measure of financial performance under GAAP and should not be considered as a measure of liquidity or as an alternative to GAAP gross margin.
Non-GAAP adjusted income (loss) from operations represents GAAP income (loss) from operations, adjusted to exclude the effects of restructuring and integration expense; non-operational charges related to acquisition and transition expense, intangible amortization costs for fair value step-up in values related to acquisitions, and when applicable, our share of income from joint venture operations. We believe this presentation is commonly used by investors and professional research analysts in the valuation, comparison, rating, and investment recommendations of companies in the industrial industry. We use this information for comparative purposes within the industry. Non-GAAP adjusted income (loss) from operations is not a measure of financial performance under GAAP and should not be considered as a measure of liquidity or as an alternative to GAAP income (loss) from operations.
Non-GAAP adjusted EBITDA represents GAAP net income (loss), adjusted to include income taxes, interest expense, write-off of unamortized debt issuance costs, change in fair value of preferred stock derivatives and warrants, depreciation and amortization, charges related to acquisition and transition costs, non-cash stock compensation expense, foreign exchange gain (loss) on inter-company loans, restructuring and integration expense, costs related to divested businesses and litigation settlements, income from discontinued operations, and other charges, to the extent applicable. We believe this presentation is commonly used by investors and professional research analysts in the valuation, comparison, rating, and investment recommendations of companies in the industrial industry. We use this information for comparative purposes within the industry. Non-GAAP adjusted EBITDA is not a measure of financial performance under GAAP and should not be considered as a measure of liquidity or as an alternative to GAAP income (loss) from continuing operations.
This line item reflects the aggregate tax effect of all non-tax adjustments reflected in the respective table. NN, Inc. estimates the tax effect of the adjustment items identified in the reconciliation schedule above by applying the applicable statutory rates by tax jurisdiction unless the nature of the item and/or the tax jurisdiction in which the item has been recorded requires application of a specific tax rate or tax treatment.
Non-GAAP adjusted net income (loss) represents GAAP net income (loss) adjusted to exclude the tax-affected effects of charges related to acquisition and transition costs, foreign exchange gain (loss) on inter-company loans, restructuring and integration charges, amortization of intangibles costs for fair value step-up in values related to acquisitions and amortization of deferred financing costs, write-off of unamortized debt issuance costs, change in fair value of preferred stock derivatives and warrants, costs related to divested businesses and litigation settlements, income (loss) from discontinued operations, preferred stock cumulative dividends and deemed dividends and other charges. We believe this presentation is commonly used by investors and professional research analysts in the valuation, comparison, rating, and investment recommendations of companies in the industrial industry. We use this information for comparative purposes within the industry.
Reconciliation of GAAP Gross Profit to Non-GAAP Adjusted Gross Profit and Adjusted Gross Margin
Consolidated reconciliation of GAAP Loss from Operations to Non-GAAP Adjusted Income from Operations and Non-GAAP Adjusted EBITDA and Adjusted EBITDA margin
Power Solutions segment reconciliation of GAAP Income from Operations to Non-GAAP Adjusted Income from Operations and Non-GAAP Adjusted EBITDA and Adjusted EBITDA margin
Mobile Solutions segment reconciliation of GAAP Loss from Operations to Non-GAAP Adjusted Income from Operations and Non-GAAP Adjusted EBITDA and Adjusted EBITDA margin
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
Investor & Media Contacts
Joe Caminiti or Abe Plimpton [email protected]
312-445-2870
Thank You
Disclaimer
NN Inc. published this content on May 11, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on May 11, 2026 at 13:57 UTC.