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3Q 2020 Financial Performance Overview

Adjusted Free Cash Flow and Credit Profile AAM Cash Flow and Debt Metrics Adjusted Free Cash Flow Net Debt Net Leverage Ratio Liquidity 3Q 2020 $217.2 million $3.0 billion 4.7x $1.48 billion In 3Q 2020, AAM prepaid $350 million of Senior Notes due 2022 * For definitions and reconciliations of non-GAAP financial measures, please see the attached appendix. 16

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