Investor Presentaiton
Updated 2022 Financial Outlook
(as of August 5, 2022)
Full Year Sales
2022 Financial Targets
Adjusted EBITDA
Adjusted Free Cash Flow
$5.75 to $5.95 billion
$790 to $830 million
$300 to $350 million
BRINGING THE FUTURE
AM FASTER
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The updated financial outlook includes the Tekfor acquisition (which became effective on June 1) - cost
synergies are on track for 2023
These targets are based on North American light vehicle production range of 14.3 – 14.7 million units,
current customer production and launch schedules and business environment
Adjusted Free Cash Flow target assumes capital spending in the range of 3.5% -4.0% of sales
AAM expects restructuring and acquisition-related cash payments to be between $30 and $40 million
Note: For definitions of Adjusted EBITDA and Adjusted Free Cash Flow and Non-GAAP reconciliations, please see the attached appendix.
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