Investor Presentation January 2024
2028 Financial Goal: Leverage Strengths to A Much Higher Outcome
Sales CAGR* of 4-5% on organic business – net of ICE decline, planned losses
Revenue
> $650MM
Secure New Business Wins
$50m to $70m per Year
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Higher CAGRs expected in strategic growth areas: Medical, Connectors, and Electrical Systems
Strategic acquisitions to grow share and drive deeper market penetration, when the time is right - not now
Organic growth via aggressive participation in new program opportunities, not share shifts
Focused in strategic growth areas (Medical, Connectors, Electrical Systems, Power Train-Independent)
Strengthened commercial organization with increased new business win objectives annually
Invest growth capex to expand capabilities in key growth areas
Free Cash Flow Conversion
> 50% of Adjusted EBITDA
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Maintain cash flow mass balance discipline under all circumstances
Decrease interest expenses through refit to a more favorable structure
Utilize domestic NOL assets to lessen cash taxes
Increase Adjusted EBITDA
Rate
to 12-13%
Resolve existing unprofitable facilities and businesses
Achieve continuous results from contemporary Operational Leadership programs
Optimize global footprint to increase competitiveness, profits, ROIC
2023 Preliminary Results Consistent with Prior Outlook
NN Inc., Investor Presentation | January 2024
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