Dana — Aug 5, 2025 release

Free Cash Flow Driven by Increased Profit and Lower Capex Capital Allocation Priorities Source: Dana Balance Sheet and Capital Allocation Liquidity & Debt Capital Cash Balance1 $486M Revolver Capacity2 $865B Liquidity2 ~$1.35B 1Available cash and cash equivalents as of 6/30/25 2 Includes $250M repayment on 7/31/2025 Strong Balance Sheet and Exceptional Capital Return Organic Growth Allocate capital internally to highest-return opportunities Drive profitable organic growth Debt Repayment Achieve ~1x net leverage target over the business cycle Reduce interest expense, enhance operating flexibility Return of Capital Return cash to shareholders via dividends and opportunistic share repurchases Authorization of up to $1B in capital return through 2027 in addition to existing dividend $600M in 2025 YE share count expected to be reduced by ~25% YoY3 Year-End Debt and Equity Outlook Net Leverage ~0.7x Shares Outstanding3 ~110M 3Estimated shares outstanding on Dec. 31, 2025 based on representative share price of $16.00 New Dana: Outlook 2026 and Beyond $310M cost savings plan on track for 2026 Anticipate that in 2026, New Dana will have: Adjusted EBITDA margins of 10%-10.5% Cost savings plan: +100 bps Accretive new business: +60 bps Eliminated stranded costs: +50 bps Additional operational performance: +40 bps Significantly lower cash taxes and interest of ~$200M Adjusted free cash flow of ~4% of sales $1B capital return to shareholders authorized through 2027 In addition to existing dividend Growth trajectory maintained Robust three-year new sales backlog Continue to invest to win new business On Trajectory for Profitable Growth Appendix See appendix for comments regarding the presentation of non-GAAP measures Sales Adjusted EBITDA 6.4% 2025 Q2 Sales and Profit Change by Segment Light Vehicle Systems Sales Adjusted EBITDA 3.2% Commercial Vehicle Systems 5.9% 6.0% 8.4% 7.8% Segment Profiles CUSTOMER SALES REGIONAL SALES Light Vehicle Systems Commercial Vehicle Systems Year to Date 6/30/2025 Year to Date 6/30/2025 * Includes sales to systems integrations for driveline products that support Stellantis vehicles Segment Data Segment Data Continued Segment Data Continued Adjusted EBITDA is a non-