American Axle & Manufacturing : 1Q 2023 Supplemental Earnings Deck
May 05, 2023 at 09:51 am EDT
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First Quarter 2023 Earnings Call
Forward-Looking Statements
This presentation information contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ materially from those expressed or implied by these statements. These risks and uncertainties include factors detailed in the reports we file with the SEC, including those described under "Risk Factors" in our most recent Annual Report on Form 10-K and our Quarterly Reports on Form 10-Q. These forward-looking statements speak only as of the date of this communication. We expressly disclaim any obligation or undertaking to disseminate any updates or revisions to any forward-looking statement contained herein to reflect any change in our expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based.
It should also be noted that this information contains certain financial measures, including Adjusted EBITDA, Adjusted Earnings per Share, Adjusted Free Cash Flow, Net Leverage Ratio and Liquidity that are not required by, or presented in accordance with, accounting principles generally accepted in the United States, or GAAP. These measures are presented here to provide additional useful measurements to review our operations, provide transparency to investors and enable period-to-period comparability of financial performance. A description of non-GAAP financial measures that we use to evaluate our operations and financial performance, and reconciliation of these non-GAAP financial measures to the most directly comparable financial measures calculated and reported in accordance with GAAP, can be found in
the appendix under "Reconciliation of Non-GAAP Measures."
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1Q 2023 AAM Financial Highlights
$1.49B
$175.4M
$(17.1)M
Quarterly
First Quarter
Adjusted Free
Sales
Adjusted EBITDA
Cash Flow
AAM Delivered in a Volatile Operating Environment
* For definitions of Adjusted EBITDA and Adjusted Free Cash Flow and non-GAAP reconciliations, please see the attached appendix.
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Business Update
Stellantis e-Beam Axle
EnerTech Capital
GM Overdrive Award
Forbes Award
AAM to supply
AAM announced an investment in
GM recognized AAM as an
AAM is once again on Forbes list of
e-Beam axles for a future electric
the Global Strategic Mobility Fund,
Overdrive award winner for
America's Best Large Employers.
vehicle program. The future
a venture capital fund managed by
sustainability as part of GM's 31st
This prestigious award is presented
program is expected to begin
EnerTech Capital. The investment
annual Supplier of the Year awards.
by Forbes and Statista Inc. This is
production in the latter part of the
provides AAM with access to new
Each year, award recipients are
AAM's fourth selection, having
decade and will feature both front
startup and fully vetted high-tech
selected by a global, cross-
appeared on the list in
and rear e-Beam axles which
companies that are advancing
functional GM team for their
2022, 2018 and 2017.
includes AAM's integrated 3-in-1
automotive technologies.
performance
e-Drive technology.
in multiple criteria.
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2022 Sustainability Report
Report Highlights
New sustainability report was published in April 2023
Achieved an A- on the CDP Climate Change survey
Achieved Silver Status on the EcoVadis Sustainability Assessment
Achieved SBTi validation of GHG Emissions goals
Named one of America's Best Large Employers by Forbes
Improved on all Safety Performance metrics
Completed a sustainability materiality assessment
Launched 17 major global product programs
Hired our first Executive of Diversity, Equity and Inclusion
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AAM - American Axle & Manufacturing Holdings Inc. published this content on 05 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 May 2023 13:50:23 UTC.
American Axle & Manufacturing Holdings, Inc. is an automotive and mobility supplier. The Company designs, engineers and manufactures driveline and metal forming technologies to support electric, hybrid and internal combustion vehicles. The Company operates through two segments: Driveline and Metal Forming. Driveline products consist primarily of front and rear axles, driveshafts, differential assemblies, clutch modules, balance shaft systems, disconnecting driveline technology, and electric and hybrid driveline products and systems for light trucks, sport utility vehicles (SUVs), crossover utility vehicles (CUVs), passenger cars and commercial vehicles. Its Metal Forming products consist primarily of engine, transmission, driveline and safety-critical components for traditional internal combustion engine and electric vehicle architectures including light vehicles, commercial vehicles, and off-highway vehicles, as well as products for industrial markets.
AMERICAN AXLE & MANUFACTURING HOLDINGS, INC. 
