Dana — Feb 18, 2026 release

FCF Driven by Higher Profit, Lower Capital Spend, and Working Capital Efficiency © 2026 Dana 2026 Financial Guide 2026 Guidance Ranges § Sales expected to be consistent with last year, as increased backlog and Change From Guidance recoveries offset lower market 2025 demand and product mix § Adjusted EBITDA expected to increase by $200 million, driven ± Sales ~$7.5B $200M by cost savings, operational Consistent improvements, and higher margin new business ± Adjusted EBITDA ~$800M $50M § Adjusted Free cash flow ~$190M consistent with last year, as benefits of the Off-Highway divestiture offset the lower Implied adjusted earnings ~10.0% to ~11.0% EBITDA margin ~250 bps § Diluted adj. EPS guidance is based on 108.7 million weighted average shares. Reinstated Guidance does not assume ± Diluted adjusted EPS ~$2.50 $0.50 Guidance future buybacks 2026 Currency Assumptions § EUR: 1.16 USD/EUR ± Adjusted free cash flow ~$300M $50M § INR: 87.00/USD Consistent* § BRL: 5.50/USD § MXN: 18.50/USD *2025 included cash flow from discontinued operations § THB: 32.28/USD 13 Increased Profit Driven by New Business, Operating Efficiencies, and Cost Savings © 2026 Dana 2026 Full-Year Sales and Profit Changes Sales § Favorable mix on slightly lower volumes driven by sales $7,500M ~$7,500M ~$15M ~$60M backlog yielding better decremental margins ~$50M § Operating efficiency actions (~$95M) ~$0M expected to deliver additional (~$30M) margin growth § Remaining cost savings actions to provide further margin improvement 2025 Vol/Mix Performance Cost Savings Tariff Currency Commodities 2026 Target § Modest tariff impact due to timing of recoveries Adjusted EBITDA § Commodity price increases driving slight margin headwinds ~$5M ~$10M ~$65M ~$800M due to timing of recoveries ~$100M (~$15M) ~$20M $610M Includes ~$40m of stranded cost elimination 8.1% ~10.6% Margin Margin 2025 Vol/Mix Performance Cost Savings Tariff Currency Commodities 2026 Targe