Investor Presentaiton

2021 Financial Outlook • Full Year Sales Adjusted EBITDA Adjusted Free Cash Flow • • (as of May 7, 2021) 2021 Financial Targets $5.3 $5.5 billion - - $850 $925 million - $300 $400 million BRINGING THE FUTURE AM FASTER Trending toward the high-end of ranges based on current production schedules and customers prioritizing large truck and SUV output - These targets are based on North American light vehicle production in the range of 15.0 – 15.5 million units Full year targets are based on current and anticipated customer production and launch schedules Adjusted Free Cash Flow target assumes capital spending of approximately 4.5% of sales AAM expects restructuring and acquisition-related cash payments to be between $50 and $65 million Note: For definitions of Adjusted EBITDA and Adjusted Free Cash Flow and Non-GAAP reconciliations, please see the attached appendix 10

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