Eaton Mobility separation to be structured as split-off – Intended to be tax-free to shareholders A Powerful Strategic – Current Eaton shareholders will have a choice to participate in exchange offer and Financial © Combination, Which 2026 – Provides for orderly distribution of shares to investors interested in Dana Provides Significant Dana Value for Dana Shareholders 9 Eaton Mobility Transaction Update Key Transaction Elements Highly strategic combination – Brings together two companies with complementary product portfolios – Creates a focused, scaled powertrain leader, accelerating Dana 2030 plan Expect to achieve at least $250M of run-rate cost synergies within 24 months post-close – Achievable synergy plan leveraging Dana’s strong history of cost savings Mobility realizations and successful business integrations Sales synergies expected from strong product fit and combined salesforce A Powerful Strategic and Financial © Maintains attractive pro forma synergized 2026 net leverage of ~1.4x, Combination, Which 2026 inclusive of $200M share buybacks Provides Significant Dana Value for Dana Transaction tracking to close in the first quarter of 2027 Shareholders 10 See “Disclaimers” for comments regarding the presentation of non-GAAP measures Logical Combination of Businesses with Deep Product Complementarity Complementary Engine Components Complete Drivetrain System Offering © 2026 Dana 11 Accelerated Aftermarket Expansion 2026E Combined Aftermarket Sales Combination Benefits Offers a comprehensive range of Mobility Mobility genuine and “all-makes” parts Complete Aftermarket Offering Cross-sell opportunities leveraging combined sales channels and distribution partners Significant growth runway to expand offering and reach Sales ~$0.9B ~$0.8B ~$1.7B High-margin, non-cyclical Aftermarket contributor to profitability © 2026 Applying Dana 2030 principles to drive customer satisfaction and cost Dana Total 16% of Sales 12% 24% optimization +4pp vs. Status Quo % 12 Combination Enhances and Accelerates 2030 Objectives Objectives Mobility Broader Scope of Products, e.g., Traditional Product Growth Complete Drivetrain S

later in the release …

the item shown at left

other guidance in this release

Text is the filed exhibit, verbatim.