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3Q 2020 Financial Performance Overview

3Q 2020 AAM Financial Highlights AAM >$1.4B Quarterly Sales $297M 21% of sales Record Quarterly Adj. EBITDA Margin $217M Record Quarterly Adjusted Free Cash Flow (®) AAM's strong third quarter operating financial results and free cash flow generation reflect the benefits of recovering global production volumes and our cost saving actions * For definitions and reconciliations of non-GAAP financial measures, please see the attached appendix. 14

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