2020 Annual Results Announcement

17 March 2021

These materials have been prepared by Nexteer Automotive Group Limited (“Nexteer” or the “Company”) and are being furnished to you solely for informational purposes. The information contained in these materials has not been independently verified. NO REPRESENTATION OR WARRANTY EXPRESS OR IMPLIED IS MADE AS TO, AND NO RELIANCE SHOULD BE PLACED ON, THE FAIRNESS, ACCURACY, COMPLETENESS OR CORRECTNESS OF THE INFORMATION OR OPINIONS CONTAINED HEREIN. It is not the intention to provide, and you may not rely on these materials as providing, a complete or comprehensive analysis of the Company’s financial or trading position or prospects.

Neither Nexteer nor any of its affiliates, advisors or representatives shall have any liability whatsoever (in negligence or otherwise) for any loss that may arise from any use of this presentation or its contents or otherwise arising in connection with this presentation.

Certain statements contained in these materials constitute forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, many of which are beyond our control, which may cause the actual results, performance or achievements of the Company to be materially different from those expressed by, or implied by the forward-looking statements in these materials. The Company undertakes no obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. Many factors may cause the actual development to be materially different from the expectations expressed here. Such factors include, for example and without limitation, changes in general economic and business conditions, uncertainties posed by the COVID-19 pandemic and the inherent difficulty in predicting its continued and future potential impacts on the global economy and the Company’s financial condition and business operations, including facilities, employees, customers, suppliers and logistics providers, reduced consumer demand, and government actions or restrictions, fluctuations in currency exchange rates or interest rates, the introduction of competing products, the lack of acceptance for new products or services and changes in business strategy.

In this document, all references to “Booked Business Amount” are to our estimation of the value of all booked business under contracts that have been awarded to us. The Booked Business Amount is based on estimated lifetime volume of the programs derived from indicative production arrangements provided by the applicable OEM customers and information provided by third-party industry sources. In calculating the Booked Business Amount, we also assume that the relevant contracts will be performed in accordance with their terms. Any modification or suspension of the contracts related to the booked business by our customers could have a material and adverse effect on the value of the booked business. The value of booked business is not a measure defined by International Financial Reporting Standards (“IFRS”), and our methodology for determining the Booked Business Amount may not be comparable to the methodology used by comparable companies in determining the value of their booked business. While we believe that our current Booked Business Amount is a relevant financial metric, the information in relation to the booked business and the Booked Business Amount included in this document does not constitute a projection, forecast or prediction of our profits, and the actual contract value may be different from the estimated Booked Business Amount due to various factors and uncertainties beyond our control. We cannot assure you that our estimated Booked Business Amount contained in this document will be indicative of our future operating results.

This document does not constitute an offer, solicitation, invitation, or recommendation to purchase or subscribe for any securities and no part of it shall form the basis of or be relied upon in connection with any contract, commitment or investment decision in relation thereto.

2 AGENDA

Navigated Through Year 2020 Bill Quigley, Senior Vice President and Chief Financial Officer

Business Update Robin Milavec, Executive Board Director, Senior Vice President, Chief Technology Officer and Chief Strategy Officer

Financial Review Bill Quigley, Senior Vice President and Chief Financial Officer

2021 Considerations & Closing Remarks Bill Quigley, Senior Vice President and Chief Financial Officer

3 Navigated Through Year 2020

BILL QUIGLEY Senior Vice President Chief Financial Officer

4 Unprecedented Operating Environment Light Vehicle Production Unit Volume Y-o-Y Change % Global -16% (1H: -32%; 2H: 0%) APAC -11% (1H: -26%; 2H: 2%)

5% 3% 2% 3% 8% 8% 4% 1%

-5% -8% -8% -4% -5% -12%-20% -16% -18% -32% -29% -26% -33% -41% -50% -61%

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

N. America -20% (1H: -39%; 2H: 0%) EMEASA* -23% (1H: -40%; 2H: -4%)

3% 6% 3% 3% 7% 2% 5% 6%

-2% -6% -8% -6% -7% -13% -6% -20% -27% -18% -31% -37% -67% -84% -99% -94% Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

January 2021 IHS Markit Ltd. forecast * EMEASA includes Europe and South America 5 Strong Sequential Recovery in 2H

Light Vehicle Production Unit Volume Focus in 2H 2020

(units in millions) 1H 2020 2H 2020 % Strong customer demand Global 30.5 44.0 44% with favorable earnings conversion

NA 5.2 7.9 53% Close coordination with suppliers China 9.3 14.1 52% to maintain flow of components

APAC 16.8 24.1 43% Cash flow management EMEASA* 7.8 11.1 42% focus and execution

January 2021 IHS Markit Ltd. forecast * EMEA SA includes Europe and South America People and safety first remains top priority

6 Acceleration of Growth

Growth Over Market Earnings & Free Cash Flow Revenue Comparison with OEM Production Volume Recovery Curve

33% +$120M

23% +4% over 20% market in 2H 14% 11% 4% 1% 1% 1%

-2% -2% -6% FY 1H 2H FY 1H 2H FY 1H 2H FY 1H 2H ~$300M

Global NA APAC EMEASA Q1 Q2 Q3 Q4

Strong Platform Positions and EBITDA Free Cash Flow Program Launch Benefits

7 2020 Business Highlights

ROBIN MILAVEC Executive Board Director Senior Vice President Chief Technology Officer Chief Strategy Officer

88 9 2020 BUSINESS HIGHLIGHTS

Successful launch of 47 programs across multiple product lines, regions and customers

Order-to-Delivery Backlog achieved $24.6 despite significant industry volume reduction

Strategic product portfolio expansion across all product lines

Committed investment in technology leadership for future growth

Continued focus on operational efficiency and execution

10 2020 BUSINESS HIGHLIGHTS

Successful launch of 47 programs across multiple product lines, regions and customers

Order-to-Delivery Backlog achieved $24.6 despite significant industry volume reduction

Strategic product portfolio expansion across all product lines

Committed investment in technology leadership for future growth

Continued focus on operational efficiency and execution

11 Launched 47 Major Programs in 2020

NORTH AMERICA EMEA - SA APAC ( 6 ) ( 9 ) ( 3 2 )

Chevrolet Tahoe Chevrolet Suburban Fiat 500 EV Peugeot 208 Baojun RS-7 Ford Explorer Lincoln Aviator Great Wall Haval H6 CEPS, Halfshafts SPEPS, Halfshafts* CEPS Columns Columns CEPS

GMC Yukon Cadillac Escalade REPS, Halfshafts, I-Shafts Opel Mokka Nissan Rogue Changan E-Rock** GAC Aion V Geely Lynk & Co 05 SPEPS Halfshafts CEPS CEPS Halfshafts

Changan UNI-T** Audi Q2L e-tron VW Bora Nissan Magnite Ford F-150 / F-150 Super Crew CEPS Halfshafts Halfshafts BEPS, Halfshafts REPS, Column

Dacia Sandero & Logan Halfshafts

Chevrolet Blazer VW Golf Buick Velite 7 Renault Kiger REPS, Halfshafts Halfshafts CEPS, Halfshafts BEPS, Halfshafts Ford E-Series Columns Fiat Strada ▪ Buick Enclave - REPS, Halfshafts ▪ Renault Clio, Megane, Captur - Halfshafts CEPS ▪ Chevrolet Trax - CEPS, Halfshafts ▪ Tata Nexon, Altroz - Halfshafts Incumbent business | New business ▪ Buick Envision – Halfshafts ▪ VW Taos - Halfshafts Electric Vehicle * Halfshafts launches in Europe and South America; ▪ Chery Exceed VX - Halfshafts ** Chongqing JV 12 2020 BUSINESS HIGHLIGHTS

Successful launch of 47 programs across multiple product lines, regions and customers

Order-to-Delivery Backlog achieved $24.6 despite significant industry volume reduction

Strategic product portfolio expansion across all product lines

Committed investment in technology leadership for future growth

Continued focus on operational efficiency and execution

13 Backlog Update

ORDER - TO- DELIVERY BACKLOG* AS OF DEC. 31, 2020

($ in billions)

-6.5% -9.2% Industry Volume 20% 22% Change & Others

11% $24.6B $24.6B $26.4 EPS 58% 20% 3% 66% CIS N. America New Booking $24.6 HPS Asia Pac. Accelerated in Q4 DL EMEA-SA

$24.6B 37% New Booking Composition Backlog as 2020 1H Q3 Q4 Industry Backlog as Vol. / Other of 12/31/19 Revenue New Booking of 12/31/20 23% New / 39% 1… $24.6 Conquest 9% * Booked business information is compiled through our internal 7% Incumbent 61% 3% 3% records, and such information has not been audited nor 1% reviewed by our auditors. GM Stellantis Ford BMW RNM VW SGMW Others

14 Electrification / Autonomy Exposure in Backlog

32% 20% EPS, CIS and DL EPS solutions for EV % Backlog applications 32 20% EPS enables L3-5 EPS, CIS & DL ADAS/AD function Backlog

15 2020 BUSINESS HIGHLIGHTS

Successful launch of 47 programs across multiple product lines, regions and customers

Order-to-Delivery Backlog achieved $24.6 despite significant industry volume reduction

Strategic product portfolio expansion across all product lines

Committed investment in technology leadership for future growth

Continued focus on operational efficiency and execution

16 Product Expansion - EPS

High-Output REPS Dual Pinion EPS Modular CEPS

Expands Breadth of EPS Improves Packaging & Innovates Cost-Efficiency to LCV & HD Trucks Selectable Redundancy & Scalability

17 Product Expansion - Columns

Stowable Column Stowed Position Un-stowed Position

First-to-Market Enables OEMs to Create a Complements Steering Stowable Column New Vehicle Environment by Wire & ADAS Modes

▪ Awarded business with a ▪ Stow distances understudy: ▪ Innovative solutions for crash major Nexteer customer 100 mm, 150 mm, 200 mm, safety and steering wheel, ▪ In production by mid-2023 250 mm steering column positioning

18 Product Expansion - Driveline

TriGlide High-Efficiency Ball Spline Axle Shudderless Tripot CV 8-Ball Joint Halfshaft

Achieves Industry-Leading Increased Efficiency for Enables NVH & Durability NVH Performance ICE & EV Applications at Ultra-High Running Angles

19 Key Programs* in the Near-Term Pipeline SOPs Early 2020s

TECH MARKET REGIONAL CUSTOMER REGION TECH EV EXPANSION GROWTH EXPANSION EXPANSION

China REPS Europe SPEPS Europe DPEPS

NA HO EPS, Ball Spline Axle, New Column

Mexico REPS & Column Mexico Stowable Column China CEPS USA HO REPS Europe CIS China Driveline

20 CONFIDENTIAL *Not a Comprehensive List 2020 BUSINESS HIGHLIGHTS

Successful launch of 47 programs across multiple product lines, regions and customers

Order-to-Delivery Backlog achieved $24.6 despite significant industry volume reduction

Strategic product portfolio expansion across all product lines

Committed investment in technology leadership for future growth

Continued focus on operational efficiency and execution

21 Strong Position in Marketplace Nexteer’s Technologies on 5 of Top-10 US Best-selling Vehicles in 2020

1 #1: Ford F-Series 2#2: Chevrolet Silverado 3 #3: Ram Pickup Nexteer Technologies: REPS, Steering Column, REPS, Immediate Shaft & Driveline REPS, Steering Column 10 FIT high availability system 7 9 #7: Chevrolet Equinox #9: GMC Sierra Driveline REPS, Immediate Shaft & Driveline

Advanced Technologies & Electrification on Full-size Pick-up Trucks Offers New Growth Opportunities

22 Trends Intersection: Grows Value, CPV & Market Share

EV Market Growth

HD Full-size Truck & LCVs Transition to EPS

High Output REPS Product Expansion

Superior Market Position & Tech Leadership

Increases Value, CPV & Market Share

23 Trends Intersection: Grows Value, CPV & Market Share

FOUNDATION CPV Increase Light Duty FST on LD Truck Electrification Existing ICE (EV Megatrend) Light Duty FST Market Heavy Duty FST Increased HPS EPS Front Axle Transition Loads

Delivery Van / LCV HPS EPS Transition CPV & Market Share Increase on HD Truck & LCV

24 Electrification Frontier

GM Electric Hummer

Ford Electric F150

2525 Acceleration in Safety, Connectivity and Mobility Mega Trends

Advanced Safety, Connectivity & Software Mobility (ADAS L3+) Performance (ADAS L3+) ▪ Brake-to-Steer ▪ Tactile Mobility: Leading Tactile ▪ Key Enabler for Autonomous Virtual Sensing & Data Company People Movers, Last Mile Delivery ▪ First Stowable Column ▪ Future of “Real-Time Safety & Well- Services ▪ <10 FIT, High Availability EPS Informed Motion Control Systems” ▪ Requires Advanced Steering & ▪ Steer-by-Wire: ▪ Compliments Nexteer’s Global Driveline for Safety & Durability − “The Next Conversion Wave” & Software Business Model ▪ CNXMotion: Integrated Steering & Greater CPV ▪ Well-Positioned for Connectivity, Braking for Full Motion Control − Gateway to Advanced Features OTA Updates, Vehicle Health (e.g., AES, etc.) Monitoring and other SW trends.

26 Steer-by-Wire: Center Link Across the Chain of Mega Trends

ADAS L3+: Advanced Safety Electrification & Performance Software

Connectivity Mobility

27 2020 BUSINESS HIGHLIGHTS

Successful launch of 47 programs across multiple product lines, regions and customers

Order-to-Delivery Backlog achieved $24.6 despite significant industry volume reduction

Strategic product portfolio expansion across all product lines

Committed investment in technology leadership for future growth

Continued focus on operational efficiency and execution

2828 Morocco Plant Ramp-up

Revenue Plan 200 (In million USD)

150

(EPS & Driveline) 100

0 2019 2020 2021

(Driveline) Ramp-up Execution as Planned Operational Efficiency Significantly Improved in 2H (Driveline)

29 GM Supplier Quality Excellence Awards

Ford Best Managed Companies with Outstanding Quality INDUSTRY Performance in 2019 Award RECOGNITION ChangAn Excellent Supplier Award

National Association of Manufacturers’ Manufacturing Leadership Award – for third consecutive year

China Automobile & Parts’ Innovation Capability Award

Auto Business Review’s Excellent Award in the Chassis Section of the China Automotive Parts Industry Award

Newsweek’s America’s Most Responsible Companies 2021

3030 Nexteer Sustainability

▪ Navigating through the COVID-19 environment with a broader, deeper sense of safety and corporate social responsibility

▪ Integrating Sustainability mindset into global business strategies

▪ Innovating to Drive a More Sustainable Future ▪ Electrification: 20% EV in Backlog ▪ Vehicle Autonomy: 32% ADAS-Enabled EPS in Backlog ▪ Manufacturing Leadership: Award from the National Association of Manufacturers for third year in a row

Steering toward a more sustainable future.

31 CONFIDENTIAL 2020 Financial Review

BILL QUIGLEY Senior Vice President Chief Financial Officer

32 2020 Financial Results

Successfully Navigated Through Unprecedented Environment in 1H 2020 − Cost actions mitigated earnings impact from significant volume loss and production shutdowns Capitalized on Strong OEM Demand Recovery in 2H 2020 − Favorable volume and net cost efficiencies drove solid earnings conversion − 2H 2020 financial performance significantly improved compared with 1H 2020 and outperformed 2H 2019 Strong Free Cash Flow Performance in 2H 2020 − Offset 1H 2020 use; full year free cash flow exceeded 2019 Balance Sheet Remains Strong − Supported early redemption of 2021 notes

33 Key Financial Metrics ($ in millions)

Revenue EBITDA Net Profit* Free Cash Flow

-15.2% -28.0% -49.8% +11.9%

$3,576 $525 $132 $232 $3,032 $118 $378

16.0% 15.8% $117

14.7% 12.5% 6.5% 3.9%

2019 2020 2019 2020 2019 2020 2019 2020

* Net Profit Attributable to Equity Holders

34 Strong Sequential Recovery in 2H 2020 ($ in millions)

Revenue EBITDA Net Profit* Free Cash Flow

+50.4% 1.27x 88x $322 $1,832 $1,821 $1,743 $277 $262 $248 15.1% 14.4% 14.2% $73 $1,211 $45 $131 $115 3.4x $116 $101 7.2% 1H 2H 1H 2H 6.3% +4.5% 9.6% 5.8% +5.7% +14.0% $1 -$190 1H 2H 1H 2H 1H 2H 1H 2H 1H 2H 1H 2H 2019 2020 2019 2020 2019 2020 2019 2020

* Net Profit Attributable to Equity Holders

35 Revenue Growth Comparison with Global OEM Production Change ($ in millions)

(units in millions) FY 2019 FY 2020 % Revenue

Global 89.0 74.5 -16% Year-over-year Sequentially NA 16.3 13.0 -20% 1% Outpaced Market 6% Outpaced Market China 24.4 23.4 -4% -15% +50% APAC 46.2 41.0 -11% EMEASA 24.4 18.8 -23%

(units in millions) 1H 2020 2H 2020 % $3,5 $3,032 76 Global 30.5 44.0 44% $1,211 $1,821 NA 5.2 7.9 53% China 9.3 14.1 52% 1H 2H APAC 16.8 24.1 43% 2019 2020 2020 2020 EMEASA 7.8 11.1 42%

36 Revenue Bridge ($ in millions)

Global Revenue Y-O-Y Revenue Drivers

-15.2%

$3,576 $3,576 $1 $3,032 $3,032

$45 ($558) $68 ($100) ($543)

2019 2020 2019 FX 1H NA CIS Morocco V/P/O 2020 Market

37 Regional Revenue Performance ($ in millions)

Global Total N. America APAC EMEASA

-$543 -$544 -$1 $1 FY FY FY FY -15.2% -22.2% -0.2% +0.3% +50.4% +39.9% +78.1% +61.3% $1,832 $1,821 $1,743 $1,274 $411 $300 $1,174 $1,111 $337 $305 $252 $1,211 $232 $231 $186

-33.9% $794 -37.7% -24.5% +4.5% -26.4% -5.4% +21.8% +29.3%

1H 2H 1H 2H 1H 2H 1H 2H 1H 2H 1H 2H 1H 2H 1H 2H 2019 2020 2019 2020 2019 2020 2019 2020

38 EBITDA Bridge ($ in millions)

EBITDA Y-o-Y EBITDA Drivers (% of revenue) -28% -$147 $525 $525 17% $378 $71 $378

-$170 -$24 -$24

14.7% 12.5%

2019 2020 2019 1H Market NA CIS V/M/P Net Cost 2020 Perf. 1H 2020 Shut-downs in NA / EMEASA Drove Significant Earnings Shortfall Net Cost Performance Mitigated 1H Market Environment

39 Regional EBITDA Margin Profile ($ in millions)

NA APAC EMEASA (% of revenue) (% of revenue) (% of revenue)

22.9% 21.3% 20.1% 19.5% 19.5% 19.2% 14.8% 13.3% 14.0% 14.5% 13.0% 12.3% 11.5% 9.6% 8.8% 9.2%

5.3% $72

$342 $235 $189 $153 $73 $162 $137 $125 $60 $77 $46 $79 $56 $26 $34 $22 $26

1H 2H 1H 2H 1H 2H 1H 2H 1H 2H 1H 2H 2019 2020 2019 2020 2019 2020 2019 2020 2019 2020 2019 2020

1H Market / CIS Strong Margin Despite 1H Market / Morocco Transition Global Headwinds Launches

40 EBITDA to Net Profit Bridge ($ in millions)

2019 FY 2020 FY EBITDA $ 525 $ 378

- D&A Expense 252 259 ▪ JV earnings comprised of CNX Motion, Operating Profit $ 273 $ 119 DF and Chongqing operations ▪ Favorable Tax Benefit from US CARES + Share of JV Earnings (4) 1 Act providing for NOL carryback at - Net Finance Costs 5 5 35% tax rate Income Tax Expense / (Benefit) 29 (8) Min Interest 2 6 Net Profit $ 232 $ 117

41 Strong Free Cash Flow in 2H Secured a Strong Balance sheet ($ in millions)

Dec 2019 Dec 2020 2019 2020 Cash and Capital Gross Debt $ 308 $ 249 Finance Leases 62 57 Less: Cash 602 553 Net Cash $ (233) $ (247) -$162 $491 -$373 $448 Total Equity $ 1,852 $ 1,921 Total Net Capital $ 1,619 $ 1,674 -$125 Net Debt / Net Capital n.a. n.a. Liquidity $118 $132 Cash $ 602 $ 553 -$28 Credit Facilities 309 379 Total $ 911 $ 933 FY FY FY 1H 2H 1H 2H FY

Cash Investing Free Cash from Investing Free Leverage / Coverage from Activities Cash Ops Activities Cash Ops Flow Flow Gross Debt to EBITDA 0.6x 0.7x Net Debt to EBITDA n.a. n.a.

42 2021 Operating Considerations Positive Factors Challenges Near-Term Favorable Economic Growth Supply Chain Constraints ✓ Monetary and fiscal stimulus ✓ Electronic components industry measures in place wide challenge; near-term OEM ✓ Accelerating C-19 treatment roll-out production adjustments Continued Global OEM Production ✓ Logistics / other cost pressures Recovery Cadence of OEM Production ✓ Inventory replenishment and Recovery consumer demand ✓ Weighting to 2H 2021 2021 Program Launches Operating Efficiency Pressures ✓ ~40 launches; all regions ✓ Continued C-19 effects on represented productivity Constructive Environment Requiring Near-Term Navigation 43