Investor Presentation January 2024
Transformation Plan: Correcting High-Cost Capital Structure and High Leverage
QZ'23
Leverage
Have Made Immediate Progress, Multiple Organic Fixes Underway
Q3'23
Leverage
Refi Goal
2025 or sooner
Steady State Goal
2026 or sooner
How to Achieve?
3.9x
New Management
3.4x
2.5x
2.0x
Increase EBITDA
Cost-out
Resolve Dilutive Situations
Grow Sales
Generate Higher Free Cash Flow
Restricting Spending
Gradually Lower Cost of Capital
In Q2'23 NN's new leadership team launches 'Transformation Plan', increasing
organizational commitment to accelerate sales, optimize operational
performance, and grow cash flows
Selective Portfolio Optimization
Address and Optimize ROIC
Eliminate Preferred Equity
NN Inc., Investor Presentation | January 2024
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