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3Q 2020 Financial Performance Overview

AAM (®) Why AAM? Experienced and proven management team Strong core business focused on high demand products, complimented by global profitable growth opportunities Flexible and variable cost structure with a proven track record of effectively adjusting our business to current market demand Superior profit margin and strong free cash flow yield driven by AAM's operating system and the benefit of vertical integration Highly innovative and scalable electrification propulsion technologies designed to accelerate growth and serve multiple regions, customers and vehicle segments 23 23

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