Dana — Apr 30, 2025 release

Bruce McDonald Timothy Kraus Senior Director, Investor Chairman and Senior Vice President and Relations and Corporate Chief Executive Officer Chief Financial Officer Communications 890685-003 29Apr25 18:08 Introduction Page 16 Business Review Financial Review 2025 Q1 Highlights ª Off-Highway divestiture underway; competitive process with multiple bidders ª Q1 results largely in line with expectations ª Accelerating realization of $300 million cost-savings plan – Increasing 2025 cost savings from $175 million to $225 million ª Completed the integration of the former Power Technologies segment and Aftermarket business into Light Vehicle (LVS) and Commercial Vehicle (CVS) – Commercial and operational opportunities in unified aftermarket business – Thermal and sealing business will benefit from LVS established operational rigor and discipline ª Committed to significant YOY improvement in cash flow – $67 million adj. FCF improvement delivered in Q1 © – Exploring opportunities to reduce 2025 capex 2025 – Identified non-core assets and investments that can be monetized; expect pre-tax proceeds of Dana ~$50 million in Q2 4 Results in Line with Expectations; Accelerating Cost-Savings Plan 2025 Outlook ª Outlook based on current tariff landscape—Tariff situation manageable – Mitigation actions being completed – Steel and aluminum index movements in recovery mechanisms – Customer recovery claims submitted ª Market assumptions included in outlook – NA commercial vehicle demand softening, partially offset by strength in SA and EU – Off-Highway end markets seeing some pre-buying in Q2 ª Market risk to outlook – Light-truck near-term production schedules stable but demand risk later in the year