Investor Presentaiton

3Q 2018 AAM Highlights $1.82B Quarterly Sales 5% YoY Growth $275M Quarterly Adj. EBITDA* $121M Quarterly Adj. Free Cash Flow* AAM ENLIGHTE AWARD 2018 PRESENTED BY ALTAR FUTURE OF LIGHTWEIGHTIN WINNER Hring AAM fecture QUANTUM™ Technology wins Altair and SAA Lightweighting Awards 5th New Business Award ECO TRAC for our Ecotrac™ DISCONNECTING AWD SYSTEM BY Disconnecting AWD Technology Announces Redemption of $100M of Senior Notes due 2019 * For definitions of terms and non-GAAP reconciliations, please see the attached appendix. 23

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