Dana — Oct 30, 2024 release

Changes from Prior Year ($ in millions) Q3 ‘24 Q3 ‘23 Change Adjusted EBITDA $ 232 $ 242 $(10) One-Time Costs1 (9) (6) (3) Interest, Net (43) (26) (17) Taxes (72) (38) (34) Working Capital / Other² (73) (60) (13) Capital Spending (46) (117) 71 Free Cash Flow $(11) $(5) $(6) Lower Capital Spending and Continued Focus on Working Capital Sales Adjusted EBITDA Implied Profit Margin Free Cash Flow Diluted EPS Diluted Adjusted EPS 2024 FY Financial Guide Lower sales driven by lower end-market demand in 2nd half Weakening demand for electric vehicles driving lower sales compared to prior outlook Company-wide efficiency improvements and cost-savings actions driving higher profit and margins compared to last year YOY free cash flow improvement driven by higher profit and lower capital spending ~8.4% - 8.6% ~$875M ~$10,300M ±$100M ±$20M Change from Prior Year Guidance Ranges ~1% $190 ~2% -$255M +$30M +50 bps +$125M End-to-End Execution and Improved Operating Environment Driving Margin Growth ~$100M ±$10M ~$0.15 ±$0.10 -$0.11 Change from Prior Guide -$400M -$0.10 ~$0.85 ±$0.10 +$0.01 -$50M See appendix for comments regarding the presentation of non-GAAP measures Organic growth impacted by lower end-market demand in 2nd half Margin benefiting from improved efficiencies and cost savings actions Positive profit contribution on EV sales offset by investment in new program development costs Translation of foreign currency expected to be slight headwind to sales Lower commodity costs resulting in lower sales recoveries; profit benefit of lower input cost is more than offset by the cost true-ups with customers Sales Adjusted EBITDA 2024 FY Sales and Profit Changes $10,555 $845 8.5% Margin ~140 bps ~(60) bps ~(30) bps ~0 bps 8.0% Margin Profit Driven by Company-Wide Efficiencies and Cost Savings Actions See appendix for comments regarding the presentation of non-GAAP measures ~0 bps 2024 FY Free Cash Flow Maintaining full-year guidance due to lower capital spending Higher profit a