Dana (DAN) 8-KReports Strong Third-Quarter Profit Margin

Value Others | Inspire Innovation | Grow Responsibly | Win Together October 30, 2024 2024 Third-Quarter Earnings Conference Call

Certain statements and projections contained in this presentation are, by their nature, forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on our current expectations, estimates and projections about our industry and business, management’s beliefs, and certain assumptions made by us, all of which are subject to change. Forward-looking statements can often be identified by words such as “anticipates,” “expects,” “intends,” “plans,” “predicts,” “believes,” “seeks,” “estimates,” “may,” “will,” “should,” “would,” “could,” “potential,” “continue,” “ongoing,” similar expressions, and variations or negatives of these words. These forward-looking statements are not guarantees of future results and are subject to risks, uncertainties and assumptions that could cause our actual results to differ materially and adversely from those expressed in any forward-looking statement. Dana’s Annual Report on Form 10-K, subsequent Quarterly Reports on Form 10-Q, recent Current Reports on Form 8-K, and other Securities and Exchange Commission filings discuss important risk factors that could affect our business, results of operations and financial condition. The forward-looking statements in this presentation speak only as of this date. Dana does not undertake any obligation to revise or update publicly any forward-looking statement for any reason. Safe Harbor Statement

Craig Barber Senior Director, Investor Relations and Corporate Communications Introduction James Kamsickas Chairman and Chief Executive Officer Business Review Timothy Kraus Senior Vice President and Chief Financial Officer Financial Review Agenda

Q3 Financial Results Highlights sales $2.5 billion $193 million from prior year margin 9.4 percent adjusted EBITDA $232 million Key Highlights $10 million from prior year 30 bps from prior year Conversion on traditional organic sales supports full-year margin Variable and fixed improvements Further weaking demand for EVs & ICE vehicle programs Lower off-highway equipment demand Maintained FCF guidance Lower capex requirements Company-Wide Efficiency and Cost-Savings Actions Driving Higher Margins Maintained returns on lower market demand End-market demand Company-wide efficiency

Continuous Margin Improvement Differentiating customer satisfaction Company-wide efficiencies Overall business execution See appendix for comments regarding the presentation of non-GAAP measures. Year-Over-Year Adjusted EBITDA % First Quarter Second Quarter Third Quarter Driven by… In-house e-Capabilities: THREE CONSECUTIVE YEARS, CONSISTENT QUARTERLY MARGIN IMPROVEMENT e-Propulsion e-Thermal While concurrently establishing…

Dana Operating Priorities Lower Cost Structure Soft End-Market Demand 2025 Early Expectations 2024 End-Market Outlook Construction Mining Light Truck Heavy-Duty Truck Medium-Duty Truck Agriculture Softening Softening No Change Softening 2nd Half Softening 2nd Half Softening Market Compared to ‘23 Update Business Environment Disciplined approach and balanced growth Continue leveraging synergies and scale across all businesses Optimize manufacturing capabilities and locations to meet ICE, PHEV, and EV demand Prudent use of capital to support new business growth Tempered EV Demand

Lamborghini Revuelto Modular High-Performance Hybrid 8-Speed Dual-Clutch Transmission and Thermal Management

Financial Review

Lower sales driven by weakening market demand for electric vehicles, commercial trucks, off-highway equipment, and certain light-truck programs, as well as currency impacts and lower commodity recoveries Increased production efficiency and company-wide cost improvement actions drove higher profitability Adjustment loss on business previously held for sale Net income impacted primarily by higher tax expense ($ in millions, except EPS) Q3 ‘24 Q3 ‘23 Change YTD ‘24 YTD ‘23 Change Sales $2,476 $2,669 $(193) $7,949 $8,061 $(112) Adjusted EBITDA 232 242 (10) 699 689 10 Margin 9.4% 9.1% 30 bps 8.8% 8.5% 30 bps Loss on Business Held for Sale 4 4 (26) (26) EBIT 88 91 (3) 262 305 (43) Interest Expense, Net 36 36 108 100 8 Income Tax Expense 43 33 10 134 118 16 Net Income (attributable to Dana) 4 19 (15) 23 77 (54) GAAP Diluted EPS $0.03 $0.13 $(0.10) $0.16 $0.53 $(0.37) Diluted Adjusted EPS $0.12 $0.30 $(0.18) $0.69 $0.92 $(0.23) Operating Cash Flow 35 112 (77) 148 198 (50) Changes from Prior Year 2024 Q3 and YTD Financial Results Margin Improvement in Challenging Demand Environment See appendix for comments regarding the presentation of non-GAAP measures

Lower organic sales driven by reduced demand, partially offset by new business and market share gains Company-wide cost improvement actions drove profit growth despite organic sales headwinds Business execution and production efficiency offsetting inflation Decreased demand for EVs driving lower sales Positive contribution of current EV programs offset by development spending. Lower commodity costs resulted in lower sales recoveries; profit benefit of lower input cost is more than offset by the cost true-ups with customers Sales Adjusted EBITDA 9.1% Margin 9.4% Margin ~125 bps ~(75) bps ~0 bps ~0 bps 2024 Q3 Sales and Profit Changes Strong Performance Driven by End-to-End Business Execution See appendix for comments regarding the presentation of non-GAAP measures ~(20) bps

2024 Q3 Free Cash Flow Higher cash taxes due to timing of payments and jurisdictional mix Working capital requirements increased primarily due higher inventory Reduced capital spending required to support new business backlog and replacement business due to a more normal launch cadence and timing of investment for future EV programs 1 Includes costs associated with business acquisitions and divestitures and restructuring. 2 Changes in working capital relating to interest, taxes, restructuring, and transaction costs are included in those respective categories. See appendix for comments regarding the presentation of non-GAAP measures. Changes from Prior Year ($ in millions) Q3 ‘24 Q3 ‘23 Change Adjusted EBITDA $ 232 $ 242 $(10) One-Time Costs1 (9) (6) (3) Interest, Net (43) (26) (17) Taxes (72) (38) (34) Working Capital / Other² (73) (60) (13) Capital Spending (46) (117) 71 Free Cash Flow $(11) $(5) $(6) Lower Capital Spending and Continued Focus on Working Capital

Sales Adjusted EBITDA Implied Profit Margin Free Cash Flow Diluted EPS Diluted Adjusted EPS 2024 FY Financial Guide Lower sales driven by lower end-market demand in 2nd half Weakening demand for electric vehicles driving lower sales compared to prior outlook Company-wide efficiency improvements and cost-savings actions driving higher profit and margins compared to last year YOY free cash flow improvement driven by higher profit and lower capital spending ~8.4% - 8.6% ~$875M ~$10,300M ±$100M ±$20M Change from Prior Year Guidance Ranges ~1% $190 ~2% -$255M +$30M +50 bps +$125M End-to-End Execution and Improved Operating Environment Driving Margin Growth ~$100M ±$10M ~$0.15 ±$0.10 -$0.11 Change from Prior Guide -$400M -$0.10 ~$0.85 ±$0.10 +$0.01 -$50M See appendix for comments regarding the presentation of non-GAAP measures

Organic growth impacted by lower end-market demand in 2nd half Margin benefiting from improved efficiencies and cost savings actions Positive profit contribution on EV sales offset by investment in new program development costs Translation of foreign currency expected to be slight headwind to sales Lower commodity costs resulting in lower sales recoveries; profit benefit of lower input cost is more than offset by the cost true-ups with customers Sales Adjusted EBITDA 2024 FY Sales and Profit Changes $10,555 $845 8.5% Margin ~140 bps ~(60) bps ~(30) bps ~0 bps 8.0% Margin Profit Driven by Company-Wide Efficiencies and Cost Savings Actions See appendix for comments regarding the presentation of non-GAAP measures ~0 bps

2024 FY Free Cash Flow Maintaining full-year guidance due to lower capital spending Higher profit and lower capital investment requirements driving improvement over last year Increase in net interest payments due to higher rates and payment timing from refinancing 1 Includes costs associated with business acquisitions and divestitures and restructuring. 2 Changes in working capital relating to interest, taxes, restructuring, and transaction costs are included in those respective categories. See appendix for comments regarding the presentation of non-GAAP measures. Changes from Prior Year ($ in millions) 2024 2023 Change Adjusted EBITDA $~875 $ 845 $~30 One-Time Costs1 (40) (20) (20) Interest, Net (150) (116) (35) Taxes (170) (148) (20) Working Capital / Other² (40) (85) 45 Capital Spending (375) (501) 125 Free Cash Flow $~100 $(25) $~125 Positive Free Cash Flow Driven by Higher Profit, Lower Capex

Appendix

See appendix for comments regarding the presentation of non-GAAP measures 10.3% 10.1% 6.3% 13.5% 11.9% Light Vehicle Drive Systems Commercial Vehicle Drive and Motion Systems Off-Highway Drive and Motion Systems Power Technologies Sales Adjusted EBITDA 10.3% 10.1% Sales Adjusted EBITDA 10.3% Sales Adjusted EBITDA 10.3% Sales Adjusted EBITDA 6.9% 7.6% 14.9% 16.4% 5.4% 5.3% 9.0% 8.1% 2024 Q3 Sales and Profit Change by Segment

Segment Profiles CUSTOMER SALES REGIONAL SALES Light Vehicle Drive Systems Commercial Vehicle Drive and Motion Systems Off-Highway Drive and Motion Systems Power Technologies Year to Date 9/30/2024 Year to Date 9/30/2024 Year to Date 9/30/2024 Year to Date 9/30/2024 * Includes sales to systems integrations for driveline products that support Stellantis vehicles

Diluted Adjusted EPS

Segment Data

Segment Data Continued

Cash Flow

Adjusted EBITDA is a non-GAAP financial measure which we have defined as net income (loss) before interest, income taxes, depreciation, amortization, equity grant expense, restructuring expense, non-service cost components of pension and other postretirement benefit costs and other adjustments not related to our core operations (gain/loss on debt extinguishment, pension settlements, divestitures, impairment, etc.). Adjusted EBITDA is a measure of our ability to maintain and continue to invest in our operations and provide shareholder returns. We use adjusted EBITDA in assessing the effectiveness of our business strategies, evaluating and pricing potential acquisitions and as a factor in making incentive compensation decisions. In addition to its use by management, we also believe adjusted EBITDA is a measure widely used by securities analysts, investors and others to evaluate financial performance of our company relative to other Tier 1 automotive suppliers. Adjusted EBITDA should not be considered a substitute for earnings (loss) before income taxes, net income (loss) or other results reported in accordance with GAAP. Adjusted EBITDA may not be comparable to similarly titled measures reported by other companies. Adjusted net income (loss) attributable to the parent company is a non-GAAP financial measure which we have defined as net income (loss) attributable to the parent company, excluding any discrete income tax items, restructuring charges, amortization expense and other adjustments not related to our core operations (as used in adjusted EBITDA), net of any associated income tax effects. This measure is considered useful for purposes of providing investors, analysts and other interested parties with an indicator of ongoing financial performance that provides enhanced comparability to net income (loss) attributable to the parent company reported by other companies. Adjusted net income (loss) attributable to the parent company is neither intended to represent nor be an alternative measure to net income (loss) attributable to the parent company reported in accordance with GAAP. Diluted adjusted EPS is a non-GAAP financial measure which we have defined as adjusted net income (loss) attributable to the parent company divided by adjusted diluted shares. We define adjusted diluted shares as diluted shares as determined in accordance with GAAP based on adjusted net income (loss) attributable to the parent company. This measure is considered useful for purposes of providing investors, analysts and other interested parties with an indicator of ongoing financial performance that provides enhanced comparability to EPS reported by other companies. Diluted adjusted EPS is neither intended to represent nor be an alternative measure to diluted EPS reported in accordance with GAAP. Free cash flow is a non-GAAP financial measure which we have defined as net cash provided by (used in) operating activities less purchases of property, plant and equipment. We believe free cash flow is useful to investors in evaluating the operational cash flow of the company inclusive of the spending required to maintain the operations. Free cash flow is not intended to represent nor be an alternative to the measure of net cash provided by (used in) operating activities reported in accordance with GAAP. Free cash flow may not be comparable to similarly titled measures reported by other companies. The accompanying financial information provides reconciliations of adjusted EBITDA, diluted adjusted EPS and free cash flow to the most directly comparable financial measures calculated and presented in accordance with GAAP. We have not provided a reconciliation of our adjusted EBITDA and diluted adjusted EPS outlook to the most comparable GAAP measures of net income (loss) and diluted EPS. Providing net income (loss) and diluted EPS guidance is potentially misleading and not practical given the difficulty of projecting event driven transactional and other non-core operating items that are included in net income (loss) and diluted EPS, including restructuring actions, asset impairments and certain income tax adjustments. The accompanying reconciliations of these non-GAAP measures with the most comparable GAAP measures for the historical periods presented are indicative of the reconciliations that will be prepared upon completion of the periods covered by the non-GAAP guidance. Non-GAAP Financial Information