Investor Presentaiton

3Q Sequential Adjusted EBITDA Walk (in millions) $348 ($21) ($10) ($8) AAM $275 ($26) ($12) $4 2Q 2018 Adjusted EBITDA * For definitions of terms and non-GAAP reconciliations, please see the attached appendix. Volume & Mix Metal Market & Fx Material, Freight & Tariffs Project and Launch Related Costs Performance, Labor Costs & Other Synergies 3Q 2018 Adjusted EBITDA 24

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