I wrote abou t Dana Incorporated ( DAN ) previously with a buy rating in my initiation coverage, as I thought the business was in much better shape after the divestiture, had a path towardsI am an individual investor that is now fully focus on managing my own capital that I have saved up over the years. My investing background spreads across a wide spectrum as I believe there are merits to each approach, for instance: Fundamental investing [Bottoms-up etc.], Technical investing [historical charts analysis], ...

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Group 1 - The presentation is led by Craig Barber, the Senior Director of Investor Relations & Strategic Planning for Dana [1] - The event is identified as Capital Markets Day, where forward-looking statements will be made that may differ from actual results [1] - Participants are advised to review the safe harbor statement included in the posted materials and public filings [1]

For free cash flow, Dana guided to approximately 4% for the current year and said it expects that to rise to 6% by 2030, noting that near-term cash conversion will be tempered by “catch-up” and margin-enhancing investments in manufacturing operations.The company reiterated long-term targets previously previewed on its Q4 earnings call. Dana said it expects revenue to reach $10 billion by 2030 , implying about a 6% compound annual growth rate . Dana also said it is targeting 14%–15% adjusted EBITDA margins b ...

Summary of Dana's Capital Markets Day - March 25, 2026 Company Overview - **Company**: Dana Incorporated (NYSE:DAN) - **Founded**: 1904 - **Revenue**: $7.5 billion in the previous year - **Employee Count**: 27,000 - **Manufacturing Sites**: 66 across 24 countries - **Customer Base**: 5,000 customers in 120 countries - **Market Segmentation**: 70% light vehicle market, 30% commercial vehicle market [22][23] Key Initiatives and Strategies Dana 2030 Initiative - **Objective**: Transformational journey to redefine growth and profitability post the sale of the Off-Highway business [2][3] - **Focus Areas**: Operations, engineering, and sales to enhance efficiency and align long-term strategy [3][4] - **Growth Target**: Projected compound annual growth rate (CAGR) of 6% to reach $10 billion by 2030, with a margin expansion of 400 basis points [12][13] Financial Performance and Projections - **Free Cash Flow**: Expected to increase from 4% to 6% [13] - **Shareholder Returns**: $2 billion in buybacks and $250 million in dividends planned over five years [14] - **Backlog**: Increased by 33% to $750 million, projected to reach $1.15 billion by 2030 [25] Market Dynamics and Opportunities - **Aftermarket Business**: Previously scattered, now consolidated under a common leader to enhance focus and profitability [15] - **EV Market**: While Dana had previously focused on EV, the company is pivoting back to internal combustion engine (ICE) and hybrid technologies [11][33] - **Commercial Vehicle Market**: Anticipated growth driven by replacement cycles and regulatory clarity, with a forecasted CAGR of 15% for Dana [49][50] Operational Enhancements - **Cost Reduction**: Structural cost elements targeting $325 million in savings [16] - **Automation**: Plans to adopt robotics and automation in manufacturing to improve efficiency [17] - **Capital Allocation**: Commitment to maintaining a strong balance sheet with leverage at one turn or less [18][19] Aftermarket Strategy - **Market Size**: Global aftermarket estimated at $6.6 billion, with Dana's business split 60/40 between light and commercial vehicles [58] - **Sales Channels**: Focus on warehouse distribution, retail, and e-commerce, with significant contracts secured with major retailers [61][62] - **Growth Targets**: Aim to increase top-line revenue by $200 million and EBITDA by $65 million [62][63] Work Streams for Growth 1. **Demand Planning and Distribution Optimization**: Enhancing fill rates through data analytics and AI [64][65] 2. **Pricing and Customer Segmentation**: Transitioning to value-based pricing and tiered customer support [66][67] 3. **Sales Enablement**: Investing in sales tools and expanding the sales force to drive market share [70][72] Conclusion - **Cultural Values**: Emphasis on safety, integrity, accountability, and innovation as core values driving the company's mission [29][30] - **Future Outlook**: Dana is positioned to leverage its historical strengths and market opportunities to achieve its ambitious growth targets through the Dana 2030 initiative [28][32]

Capital Markets Day March 25, 2026 Capital Markets Day © 2026 Dana 1 Safe Harbor Statement Certain statements and projections contained in this presentation are, by their nature, forward- looking within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on our current expectations, estimates and projections about our industry and business, management's beliefs, and certain assumptions made by us, all of which are subject to change. Forward-looking ...

Core Insights - Dana Incorporated is hosting its 2026 Capital Markets Day to outline its long-term strategic priorities and financial targets under the Dana 2030 growth and value creation strategy [1][2] Group 1: Strategic Priorities - The Dana 2030 plan aims to accelerate profitable growth, strengthen competitive positioning, and generate sustainable long-term shareholder value [2] - Key components of the strategy include a target of approximately $10 billion in annual sales by 2030, representing a 33% increase compared to 2026 sales guidance [4] - The company aims for adjusted EBITDA margins of 14 to 15 percent, reflecting a 400 basis points improvement compared to 2026 guidance, driven by higher margin new business and operational efficiencies [4] Group 2: Financial Targets - Dana targets an adjusted free cash flow margin of approximately 6 percent, which is a ~200 basis points improvement compared to 2026 guidance [4] - The company plans to execute up to $2 billion in cumulative share repurchases through 2030, building on the $765 million already completed [4] Group 3: Company Overview - Dana Incorporated is a global leader in designing and manufacturing efficient vehicle propulsion solutions, serving both light and commercial vehicle markets [6] - The company reported sales of $7.5 billion in 2025 and employs 27,000 people across 24 countries [7]

Core Viewpoint - Dana Incorporated (DAN) has experienced a significant stock price increase of over 120% in the past year, outperforming industry peers such as BorgWarner Inc. and Allison Transmission Holdings Inc. [1][4] Financial Performance - The company expects sales for 2026 to be between $7.3 billion and $7.7 billion, indicating a flat demand environment, with a focus on execution rather than volume growth [6] - Adjusted EBITDA is projected to be between $750 million and $850 million, suggesting a double-digit margin profile, while adjusted earnings per share are anticipated to range from $2 to $3 [7][8] - Dana forecasts adjusted free cash flow of $250 million to $350 million, even with increased capital spending, highlighting a balance between investment and cash generation [7][8] Cost Management - Dana's cost transformation program has yielded approximately $248 million in savings in 2025, with a target run rate of around $325 million entering 2026 [10] - The company has improved margins through cost actions, pricing discipline, and an enhanced business mix, with potential for further margin expansion without strong revenue growth [11] Backlog and Market Position - Dana has a $750 million new-business backlog, with around $200 million expected to convert into revenue in 2026, providing stability in a soft market [12] - The backlog reflects continued program wins, particularly in internal combustion and hybrid platforms, ensuring revenue visibility [12][13] Segment Performance - The Light Vehicle segment has benefited from pricing actions and cost savings, while the Commercial Vehicle segment has improved profitability despite lower volumes due to cost reductions and better execution [14][15] Shareholder Returns - Dana has significantly reduced debt and maintains solid liquidity, allowing for a stronger focus on shareholder returns, having returned over $700 million to shareholders in 2025 and increased its dividend by 20% in early 2026 [16][17] - The company has expanded its share repurchase authorization to $2 billion through 2030, indicating confidence in its cash-generation ability [16][17] Valuation and Outlook - At around 11x forward earnings, Dana presents a compelling mix of value and improving fundamentals, with a clear strategy focused on cost discipline, backlog conversion, and margin expansion [19] - The Zacks Consensus Estimate for Dana's 2026 and 2027 EPS implies significant year-over-year growth of 1,358% and 25%, respectively [20]

Core Insights - Dana Incorporated (DAN) is refining its strategy in response to fluctuating electrification demand, focusing on programs that can reliably drive profitability while maintaining exposure to long-term growth themes [1] Group 1: Business Strategy and Focus - Dana is shifting its focus towards higher-margin internal combustion engine (ICE) and hybrid programs, becoming more selective in bidding for new electric vehicle (EV) platforms to reduce execution risk [3] - The company is prioritizing range-extended applications within electrification to remain relevant without heavily relying on volatile battery-electric volumes [3] - Dana's near-term strategy emphasizes a solid new-business pipeline and operational discipline, broadening its demand base beyond traditional original-equipment cycles [2] Group 2: Market Conditions and Challenges - Demand for electric vehicles in the Light Vehicle segment is soft, with lower product orders expected through 2025, leading to program terminations and scaling back of some initiatives [4][5] - The slowdown in battery-electric adoption could limit Light Vehicle unit growth beyond 2026, despite traditional programs providing some stability [5] Group 3: Growth Opportunities - Dana aims to expand its higher-margin aftermarket business, particularly in sealing and gasket products, with a projected opportunity of approximately $250 million in North America [7][11] - The company is also developing its "Applied Technologies" initiatives to diversify into adjacent markets such as powersports and defense, representing a potential incremental revenue opportunity of $400-500 million [9][10][11] Group 4: Financial Outlook - The Zacks Consensus Estimate for Dana's EPS in 2026 and 2027 indicates significant year-over-year growth of 1,358% and 25%, respectively [14]