Investor Presentaiton

AAM's Updated 2018 Financial Targets Sales Adjusted EBITDA* Margin Adjusted Free Cash Flow* ■ 2018 Full Year Targets ≈ $7.25 billion 16.25% - 16.5% ≈ 4% of sales Adjustments to previous targets reflect higher launch related expenses and manufacturing costs. We expect restructuring and acquisition-related payments to be between $60 and $75 million for the full year 2018. AAM Despite lowering full year targets - AAM still expects a strong financial performance in 2018 For definitions of terms, please see the attached appendix 26

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