Q1 and COVID-19 Related Update on Market Conditions

Linamar Corporation COVID-19 Related Investor Update April 20, 2020 Forward Looking Information, Risk and Uncertainties Certain information regarding Linamar set forth in this presentation and oral summary, including management’s assessment of the Company’s future plans and operations may constitute forward-looking statements. This information is based on current expectations that are subject to significant risks and uncertainties that are difficult to predict. Actual results may differ materially from these anticipated in the forward-looking statements due to factors such as customer demand and timing of buying decisions, product mix, competitive products and pricing pressure. In addition, uncertainties and difficulties in domestic and foreign financial markets and economies could adversely affect demand from customers. These factors, as well as general economic and political conditions, may in turn have a material adverse effect on the Company’s financial results. The Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward-looking statements. Content is protected by copyright and may not be reproduced or repurposed without express written consent by the Company. 2 © Linamar Corporation 2 Linamar Q1 and COVID-19 Related Market Commentary

Summary of Key Highlights:

. Linamar has a COVID-19 Global Task Force and Action Response Plan in place

. Key end markets have witnessed a significant drop off in volume, mostly due to production shut downs, shelter- in-place orders, etc. that have impacted our customer demand

. Linamar started 2020 in a strong position with over $1.1B CAD of Liquidity in cash + available credit

. The company is withdrawing its last stated Outlook on 2020 Consolidated and Segmented Financial Expectations until market conditions become more clear

. The company is supporting our communities during this crisis in a number of ways including expedited ramp up of complete ventilator systems and components for numerous customers

COVID-19 Task Force Operations Update

Health First: North America: . Established the ‘Linamar Health First’ Task force in mid-March to enact a . Majority of our operations and/or industries are deemed essential per provincial or comprehensive Action Plan in response to the unprecedented closures, stated guidelines and are not mandated to be shutdown, currently however, the shutdowns and restrictions. majority of our operations are shutdown across both the Transportation and Industrial Segments in alignment with customer demand . First and foremost, the task force is focused on Health and Safety of all our Employees. . Currently along with the automotive OEMs, tentative partial restart timing is planned for the week of May 4th . Linamar has had a combination of employee work situations ranging from limited workers on site, to working from home, vacation, sick leave, and on Europe: layoff, etc. . Nearly all manufacturing sites have been shutdown for the past several weeks . New protocols are in place for physical distancing, sites closed to external inline with government orders and lockdown restriction guidelines. Some Europe th visitors, and the highest level of cleaning and disinfecting. sites will begin to come back online beginning the week of April 20 . . Working Groups established with our customers and other industry players China: on best practices for safe re-start procedures for when the shut down . All Linamar manufacturing sites have been back up and running for a number of period ends. weeks with approx. 95% of employees having returned to work. . Communication and 2-way information flow update cadence occurring daily . China based customers have restarted with the majority of vehicle plants in the . Shareholder communications to date can be found at this website location: country reporting they are back to nearly full operating capacity as of the beginning . https://www.linamar.com/coronavirus of April . With shutdowns and curfews easing, our customers’ focus has turned to close monitoring of the supply chain and consumer demand © Linamar Corporation 4 Global LV Auto Market: Q1 & 2020FY Q1 Production down 4.4M, Annual Forecast Down 18.6M Units vs Prior Quarter Forecast.

Q1-2020 Global Vehicle Production Forecast By Region 2020E Full Year Global Vehicle Production Forecast By Region 23.0 Change in Forecast Apr-2020 vs. Dec-2019 95.0 Change in Forecast Apr-2020 vs. Dec-2019

22.0 90.0

-0.7 -4.5 21.0 85.0 -0.8 -4.7 20.0 80.0

75.0 -7.8 19.0 21.7 -2.8 88.6 Vehicle Production (mil) Production Vehicle Vehicle Production (mil) Production Vehicle -1.5 18.0 70.0

-0.2 17.0 65.0 70.0 17.3

16.0 60.0 Dec-2019 North America Europe Asia-Pacific ROW Apr-2020 Dec-2019 North America Europe Asia Pacific ROW Apr-2020 Fcst Fcst Fcst Fcst

Source: IHS Markit, April 16, 2020. Comparison of global light vehicle production forecast at end of Q4 2019 vs latest available forecast © Linamar Corporation 5 Regional LV Auto Production Update COVID-19 Related Impact vs. Prior Forecast and Expected Recovery

Regional LV Production Impact Outlook Comments 30.0 . Global: At the time of latest publication on April 16, global light 25.0 vehicle 2020 production forecast stood at 70M, a reduction of 18.6M units compared to the I.H.S. January 2020 forecast. 20.0 Current industry expert expectations are for volumes to recover 15.0 in 2021 with a YoY increase of 15%, 3-6% growth from 2022- 2024. Some downside risk still exists to this latest 2020 forecast. 10.0

Light Vehicles (Millions) Light Vehicles 5.0 . US: Latest industry expert 2020 US full year LV sales forecast now estimated at 12.5M, rebounding with an expected ~20% 0.0 YoY increase for 2021. North America Europe Greater China

2018 2019 2020E (Jan) 2020E (Today) 2021E (Today)

Source of Chart and Stats Commentary: IHS Markit, April 16, 2020 © Linamar Corporation 6 Industrial Segment Impacts

Access Equipment Market Commentary

. With rental customers delaying CapEx spend and construction activities slowed, Skyjack experienced significantly steeper declines than was previously disclosed during the Q4 2019 Conference Call . The global scissor and boom market overall in Q1 is expected to be down 35-45% Source: Industry and Internal Management Reports

Agriculture Market Commentary

. The North American Combine Retail sales market decreased 20-25% in Q1 vs. Q1 2019 Source: Industry Reports . MacDon’s sales, while sensitive to market demand, were not materially additionally impacted by COVID-19 related issues - operations did shut down beginning April 1st, but the workforce has since returned to work and operations have restarted 7 Linamar COVID-19 Update: Financial Commentary

Financial Impact

. Clearly, this major shutdown will have significant impact on Linamar financially in 2020. We have established controls and processes to ensure we are constantly reviewing the latest outlook and potential scenarios. . We are withdrawing our previous Outlook for both consolidated and segmented 2020 financial expectations previously disclosed on March 11th. We will provide further insights, to the extent possible, at our Q1 Earnings Conference call on May 13th at 5pm EDT.

Cash: Balance Sheet: . Cash Conservation and cost control are top of mind to mitigate this impact. . Our balance sheet is strong and we are carefully stress testing to . We have moved quickly to cut costs and capital spending. understand our limits; we remain confident that our focus and responsiveness in this area will see us through this situation . We have created a global team to pursue additional cost and waste financially even in the event of a prolonged shutdown period. reduction initiatives. . Financial models based on current knowledge and those stressed for . We have immediately implemented highest level cash payment controls. extended shutdowns and slower ramp-ups, continue to show 2020 . We have a system in place for efficiently adjusting financial forecasts on a full year results profitable with positive FCF and not breaching any weekly basis with our global team giving us excellent up to the minute covenants. visibility. . We have no debt maturing this year. . Predicting the outcome of this situation is impossible but our reaction is swift and we are keeping a close eye on all expected impacts. © Linamar Corporation 8 Liquidity: Over $1.1 Billion in Cash and Available Credit

$1,400 80% $1,200 78% $1,000 76% 30% $800 74% $600 72% $400 70% Debt Utilization % Utilization Debt 70% CAD $ Mllions $200 68% $- 66% Q4 2018 Q1 2019 Q2 2019 Q3 2019 Q4 2019

Cash Available Credit Cash Available Credit Debt Utilization Debt Utilization = 100% - Available Credit/(Available Credit + Total Debt)

Note: At December 31, 2019, cash and cash equivalents, including short-term deposits (net of unpresented cheques) was $338.2 million and the Company’s credit facilities had available credit of $771.1 million. © Linamar Corporation 9 Linamar COVID-19 Update: Community Support Support Efforts

Ventilator Production . Currently have activities on numerous ventilator programs that we are supporting – now in an expedited production ramp-up mode. Two of these programs are for Ontario based ventilator companies supporting recently announced initiatives by the Canadian Federal government as well as the Ontario provincial government. A third initiative is being explored in Manitoba with MacDon supporting. Additionally, Linamar is engaged with our automotive OEM customers on various efforts they are leading. . Some programs we are supplying machined components, some additionally sub assembly and some our full supply chain management & final assembly expertise.

Community Support . Linamar’s Trucking and Logistics division has been working with local Food Banks or Community Outreach programs on pickup and delivery of donated food inventory to aid those most vulnerable with safe food supply where possible. . We are leveraging our Global Supply Chain capabilities to source and expedite delivery of much needed personal protective equipment (PPE) for front line healthcare workers in our We Are Together communities. . We are receiving and warehousing PPE donations from other corporations to stage for local healthcare sites as needed © Linamar Corporation 10 Thornhill Medical

Model: MOVES SLC BOM: 1700 Volume: >1,200 Description: Fully integrated ICU ventilator. Combines complete vital sign monitoring with a high tech ventilator, in a standalone battery powered unit. An ICU in a box. Scope: Components, final assembly and supply chain

Model: eSeries e700 BOM: 150 Volume: >10,000 Description: Electronically controlled, pneumatically powered ventilator developed for patient transport and resuscitation. Designed to be a simple, easy to use, battery powered transport ventilator. Scope: 43 machined components, possibly sub-assembly

40,000

35,000

30,000 Population Cases per Total Cases 25,000 (Millions) Million US 759,687 330.6 2,298 Europe 1,026,276 747.6 1,373 20,000 China 83,817 1,434.0 58

15,000

10,000 Europe and China data graphed using 5,000 US timeline to show comparison.

0 Week 1 Week 2 Week 3 Week 4 Week 5 Week 6 Week 8 Week 9 Week 10 China lockdown China lockdown started (week 2) ended (week US Europe China 11) Today

Source: European Centre for Disease Prevention and Control, April 20, 2020 © Linamar Corporation 13 Global Light Vehicle Production COVID-19 has caused major reduction in global light vehicle production forecast, greater in magnitude than 2008/9 financial crisis. But production is expected to normalize in 2020, with growth resuming in 2021 (+15% YoY)

110

100

Millions Peak to trough 60 (2019 to 2020) Peak to trough -18.8M 50 (2007 to 2009) -11.1M 40 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027

April 16 Forecast January 16 Forecast

Source: IHS Markit, April 16, 2020 Forecast © Linamar Corporation 14 For More Information, Visit: @linamarcorp www.linamar.com Linamar Corporation