Nemak Investor Presentation – March 2019

Investor Presentation March 2019 Innovative Lightweighting Forward-looking statement

This presentation contains forward-looking information based on numerous variables and assumptions that are inherently uncertain. They involve judgments with respect to, among other things, future economic, competitive and financial market conditions and future business decisions, all of which are difficult or impossible to predict accurately. Accordingly, actual results are likely to vary from those set forth in this presentation.

©Nemak | Internal 2 Nemak Overview

©Nemak | Internal Nemak Today

Leading provider of innovative lightweighting solutions

2018 Revenues 2018 EBITDA1 US $4.7 Billion US $734 Million

Diversified product portfolio Sole supplier in ~90% of sales Strong customer base Presence in ~650 vehicle platforms 1 in 4 new vehicles sold has a Nemak component

(1) = EBITDA = Operating Income + Depreciation, Amortization & other Non-Cash Charges 4 Broad portfolio of automotive lightweighting solutions

Cylinder Heads Engine Blocks Longitudinal Members

Transmission Cases E-Motor Housings Battery Housings

©Nemak | Internal 5 State-of-the-art facilities in major automotive markets

Slovakia

Russia 38 Manufacturing facilities 16 Countries

Spain ~23K Employees

©Nemak | Internal 6 Solid and long-standing customer relationships

40 years 25 years 20 years 15 years 10 years

35 years 25 years 20 years 15 years 10 years

35 years 20 years 20 years 15 years 10 years 2 years

©Nemak | Internal 7 Strong competitive position

Product Customer portfolio

Others Cylinder heads 5% 3% 3% 3% 29% Engine blocks 5%

6% Transmissions components 12%

21% Structural & EV 13% components

©Nemak | Internal 8 Financial Overview

©Nemak | Internal Recent Developments & Results

©Nemak | Internal 10 2018 Highlights

Solid financial performance Mixed industry developments

• EBITDA 5% above guidance • Positive North America performance • Net Debt to EBITDA at 1.7x • Europe volumes affected by diesel & WLTP1

Structural & EV components Others business • USMCA discussion concluded • Strong order intake & pipeline • Received investment-grade rating from Fitch

(1) = Worldwide harmonized Light vehicles Test Procedure

©Nemak | Internal 11 2018 Financial highlights

Revenue by Region

Δ vs. Δ vs. Actual RoW Guidance 2017 9%

Sales (US$ B) 4.7 4.5% 5.0%

Volume (M Units) 50.0 (0.2)% 0.2% North America EBITDA (US$ M) 734 4.9% 2.7% Europe 56% 35%

EBITDA / Pc (US$) 14.7 0.7 0.4

CAPEX (US$ M) 403 17 (30)

©Nemak | Internal 12 Long-term debt

Currency Distribution

Amortization Schedule Others (US$ M, Dec ‘18) 5% Average Life 5.31 years 656 EUR, USD, 581 44% 51%

572 500 Rate Distribution

Variable 123 18%

44 32 18 26 84 81 19 20 21 22 23 24 25

Bank Debt Long Term Bonds Fixed 82%

©Nemak | Internal 13 Financial performance

Net Debt (US$ M) Capex (US$ M) 541 1,315 1,210 1,261 1,271 1,252 445 460 433 403

2014 2015 2016 2017 2018 2014 2015 2016 2017 2018

Net Debt to EBITDA Dividends (Times) (US$ M) 169 171 1.9 1.8 1.6 1.6 1.7

92 80 60

2014 2015 2016 2017 2018 2014 2015 2016 2017 2018

©Nemak | Internal 14 2019 Guidance

©Nemak | Internal 15 2019 Guidance considerations

Challenges Opportunities

• North American auto industry • Ramp-up of structural & EV

• European emissions testing & diesel components business growth reduction • Strong pipeline of SC/EV prospects (~US$1.8 B) • Ford performance in China • Growth in South America

• Cost & capex optimization

©Nemak | Internal 16 2019 Guidance

2019 % vs. 2018

Volume (M Eq. Units) 46.0 -8%

Sales (US$ B) 4.4 -6%

EBITDA (US$ M) 620 -16%

CAPEX (US$ M) 320 -83M

Net Debt (US$ M) 1,240 -1%

©Nemak | Internal 17 2025 Strategy Update

©Nemak | Internal Industry trends

Emission regulations • Stricter emissions control

Propulsion • Faster adoption in electrification • Longer product life cycle in internal combustion engines

Vehicle structures • Mix of lighter materials in vehicle structure

©Nemak | Internal 19 Environmental regulations

Fuel Economy Regulations Miles per gallon(1)

65 Targets:  EU 2025: 67.6 • Efficiency and emission regulations in major 60 automotive markets  US 2025: 38.0(2) 55  China 2020: 47.7

. Stricter MPG and CO2 targets for ’20 – ‘25 50

40 • Main driver for combustion engine improvements, lightweighting & electrification 35 U.S. administration proposal 30

25 2005 2010 2015 2020 2025

Source: International Council of Clean Transportation

Global Vehicle Production • Global production of 20 M hybrids & battery electrics (M Units) by 2025 101 105 96 3 8 Battery electrics 3 1 7 • Technological innovation supports combustion 12 Hybrids engine usage . Engine enhancements . Hybrids (combustion engine & e-motor) Combustion 92 91 85 Engine • Faster electrification adoption . Higher value-added lightweighting solutions

18 21 25

Combustion Engine Structural & EV Components

• Operational efficiencies • Greater margins & value added

• Maximize cash flow • New competencies

• Capacity utilization . Assembly

. Volume consolidation . Design engineering

• Focus on battery housings, e-motor housings & structural components

Market 2025 (1) Products Solutions (US$B)

Structural Components 3.5 Aluminum Casting Hybrids 1.3

Battery Aluminum Casting & Electrics Assemblies 6.0

(1) Considers North America, Europe, and China

• Awarded business to-date for ~US$600 M in structural & EV components . Quotation pipeline amounts to ~US$1.8 B

Successful product launches State-of-the-art solutions Assembly and secondary ops.

Mercedes-Benz BMW iNext BMW i8 GLE Hybrid

Jaguar I-Pace AMG SL232 BMW i4

Volvo Polestar Porsche Taycan Mercedes-Benz EQS

BMW X5 Jeep Wrangler BMW i3 Hybrid

Combustion Engine Hybrid Battery Electric US$450 – 500 US$480 – 580 US$550 – 700

Heads, Blocks & Trans Heads & Blocks E-Motor Housings Structural Components Structural Components Structural Components Battery Housings Battery Housings Hybrid Trans Other EV Components

Positioned to capitalize on secular industry trends

Profitable combustion engine business drives cash flow generation

Electrification & lightweighting represent a major growth opportunity

New business backlog of ~US$1.6 B in terms of annual revenues

Pursuing sales prospects in SC/EV worth ~US$1.8 B annually