| --- | --- | --- | |----------------------------------------------------------------------------------------------------------------------------------------------------------------|-------|-------| | | | | | | | | | | | | | 2021 Investor Update S E P T E M B E R 2 0 2 1 – L A K E S T R E E T ' S 5 T H A N N U A L B E S T I D E A S G R O W T H ( B I G 5 ) C O N F E R E N C E | | | Forward Looking Statement & Disclosures Forward Looking Statement: With the exception of the historical information contained in ...

NN, Inc. (NASDAQ:NNBR) Q2 2021 Earnings Conference Call August 6, 2021 9:00 AM ET Company Participants Mike Danehy ??? Director, Investor Relations and Financial Planning and Analysis Warren Veltman ??? President and Chief Executive Officer Mike Felcher ??? Senior Vice President and Chief Financial Officer Conference Call Participants Rob Brown ??? Lake Street Capital Markets Ken Newman ??? KeyBanc Capital Markets Operator Good day, and welcome to the NN, Inc. Second Quarter 2021 Earnings Conference Call. [ ...

Q2 2021 Earnings Presentation 1 Forward Looking Statement & Disclosures 2 Except for specific historical information, many of the matters discussed in this presentation may express or imply projections of revenues or expenditures, statements of plans and objectives or future operations or statements of future economic performance. These, and similar statements, are forward-looking statements concerning matters that involve risks, uncertainties and other factors which may cause the actual performance of NN, ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 000-23486 NN, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or org ...

Q1 2021 Earnings Presentation Forward Looking Statement & Disclosures 2 Except for specific historical information, many of the matters discussed in this presentation may express or imply projections of revenues or expenditures, statements of plans and objectives or future operations or statements of future economic performance. These, and similar statements, are forward-looking statements concerning matters that involve risks, uncertainties and other factors which may cause the actual performance of NN, In ...

Financial Data and Key Metrics Changes - Sales for Q1 2021 were $126.8 million, up 9.1% year-over-year and up 6.5% sequentially [13] - Reported operating income improved to $1 million from a loss of $103.9 million a year ago, with the prior year including a significant goodwill impairment [14] - Non-GAAP adjusted EBITDA was $16.9 million or 13.3% of sales, up from $10.1 million or 8.7% of sales a year ago [14] - GAAP EPS from continuing operations was a loss of $0.46 per share, improved from a loss of $5.96 per share a year ago [14] - Net debt decreased to $123.3 million from $768.9 million a year ago, resulting in a net leverage ratio of 2.3 times, down from 5.4 times [22] Business Line Data and Key Metrics Changes - Mobile Solutions sales grew 11.3% year-over-year, with GAAP operating profit of $6.1 million compared to $0.3 million in the prior year [29][30] - Adjusted operating profit for Mobile Solutions increased nearly 377% to $7.1 million or 9.1% of sales from $1.5 million or 2.1% of sales last year [30] - Power Solutions experienced a 5.8% year-over-year increase in sales, driven by higher precious metals pricing, but faced lower overall demand due to COVID-19 impacts [33] Market Data and Key Metrics Changes - North American automotive production is expected to increase by 24% in 2021, nearing 2019 levels, despite ongoing chip shortages [25] - The medium and heavy truck markets in North America, Europe, and China continue to grow steadily, driven by demand for diesel engines [26] - Power companies are executing upgrades for aging infrastructure, with a focus on smart grid systems and green power generation [27] Company Strategy and Development Direction - The company aims to achieve growth and margin targets by 2025, supported by a stable long-term financial footing following refinancing [10] - Focus on free cash flow generation through disciplined capital spending and working capital management [32] - Plans to evaluate global facility footprint for optimization and continuous improvement cost reductions [40] Management Comments on Operating Environment and Future Outlook - Management expressed optimism about the economic recovery and its impact on business, while remaining cautious about supply chain issues and material shortages [10][39] - The company anticipates strong growth in the first half of 2021, particularly in Q2, but acknowledges potential production interruptions due to material shortages [39] - Management is focused on maintaining customer expectations for delivery and quality while improving cost structures [43] Other Important Information - Free cash flow for Q1 2021 was $2.4 million, compared to a cash use of $1 million in the prior year [21] - Capital expenditures were reduced by 26% compared to 2020, with a focus on sustainability and growth [19][20] - The company has over $75 million in liquidity as of March 31, 2021, and has not drawn on its revolver [23] Q&A Session Summary Question: Expectations for revenue and chip shortages - Management acknowledged concerns about semiconductor chip shortages but noted that a significant portion of their products is used in high-margin SUV and large truck platforms, which may mitigate some impacts [49][50] Question: Gross margins outlook amid rising steel prices - Management indicated that most contracts allow for passing through material price adjustments, which should help manage gross margins despite rising costs [62] Question: M&A strategy and deal sizes - The company is exploring potential transactions and aims to maintain a leverage ratio below three times, but may consider going up to 3.5 times for strategic fits [67] Question: Market disruption risks and future outlook - Management expects market disruption risks to persist through Q2 and possibly into Q3, but remains optimistic about strong performance in the latter half of the year [72][74] Question: Customer activity for EV products - The company has seen new business awards related to electric vehicles, indicating a positive pipeline for EV-related products [76]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 000-23486 NN, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or or ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 000-23486 NN, Inc. (Exact name of registrant as specified in its charter) Delaware 62-1096725 (State or other jurisdiction of inco ...

Q4 2020 Earnings Presentation Forward Looking Statement & Disclosures 2 Forward Looking Statement: With the exception of the historical information contained in this presentation, the matters described herein contain forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve a number of risks and uncertainties that may cause actual results to be materially different from such forward-looking stat ...

NN, Inc. (NASDAQ:NNBR) Q4 2020 Earnings Conference Call March 12, 2021 9:00 PM ET Company Participants Mark Schuermann - Vice President Treasurer and Investor Relations Warren Veltman - President and Chief Executive Officer Tom DeByle - Senior Vice President and Chief Financial Officer Conference Call Participants Daniel Moore - CJS Securities Rob Brown - Lake Street Capital Markets Steve Barger - KeyBanc Capital Markets Operator Good day, and welcome to the NN Inc's Fourth Quarter 2020 Earnings Conference. ...