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3Q 2020 Financial Performance Overview

3Q 2020 Year-over-Year Adjusted EBITDA Walk (in millions) $266 $18 $260 ($6) ($16) ($10) ($10) $22 $8 | ($3) AAM R $297 $4 $24 I 3Q 2019 U.S. 3Q 2019 Adjusted EBITDA Casting EBITDA forma for U.S. Casting Sale * For definitions and reconciliations of non-GAAP financial measures, please see the attached appendix. EBITDA Pro 3Q 2019 Adj. 3Q 2019 GM Work Stoppage Lower Sales Related to COVID-19 Other Volume & Pricing Mix Metal Market & Fx Customer ED&D COVID-19 costs Cost Reduction Reimbursement Actions and Commercial Settlement Timing Performance 3Q 2020 and Other Adjusted EBITDA 28

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