#United States #New York City #Dana Incorporated #Capital Markets Day #Dana 2030

Dana to Host Capital Markets Day on March 25 in New York City

Dana Incorporated, a renowned leader in the vehicle propulsion solutions market, has announced its plans to conduct a significant event known as the Capital Markets Day on March 25 in New York City. The gathering will feature the company's executive leadership team, who will outline their ambitious long-term growth initiative named Dana 2030.

Event Overview

The Capital Markets Day is scheduled for March 25, with the event running from 9:00 a.m. to 12:00 p.m. EDT. Attendees can expect comprehensive presentations from various senior leaders at Dana, including:

• - R. Bruce McDonald - Chairman and Chief Executive Officer
• - Byron Foster - Senior Vice President and President of Light Vehicle Systems and the Incoming Chief Executive Officer
• - Brian Pour - Senior Vice President and President of Commercial Vehicle Systems
• - Seth Metzger - Senior Vice President and Chief Technology Officer
• - Chris Clark - Senior Vice President of Global Operations
• - Timothy Kraus - Senior Vice President and Chief Financial Officer

Attendance is open to stakeholders and interested parties, with registration necessary for both in-person and virtual participation. Individuals can register through Dana's investor portal at Dana.com/investors.

Focus on Dana 2030 Strategy

At this pivotal event, company leadership will delve into Dana's long-range growth plan, Dana 2030, which is designed to drive significant income and value creation benchmarks by the end of the decade. Key objectives outlined in the Dana 2030 strategy include:

• - Targeting annual sales of approximately $10 billion by 2030.
• - Aiming for adjusted EBITDA margins between 14% and 15%, showcasing nearly a 400 basis points improvement.
• - Establishing an adjusted free cash flow margin target of roughly 6% of total sales, reflecting a ~200 basis point enhancement.
• - Committing to up to $2 billion in cumulative share repurchases from now until 2030, building on the already executed $750 million.

As emphasized by R. Bruce McDonald, “Dana's long-term strategy hinges on our capacity to manage our cost structure, the precision of our execution, and our disciplined approach to capital allocation.” McDonald confidently stated that the Dana 2030 plan outlines a clear and structured route to improved sales, margins, and sustainable value creation.

Byron Foster added enthusiasm to the discourse, stating, “We are optimistic about the various growth prospects that lie ahead. Dana 2030 mirrors our unwavering faith in our core businesses and our potential to seize expanded growth opportunities in sectors such as light and commercial vehicles, aftermarket services, and additional mobility markets.”

The Path Ahead

This event stands as a pivotal moment not just for Dana but also for stakeholders who are keenly interested in the company’s path forward. With the automotive industry evolving rapidly towards electrification and sustainable practices, Dana's leadership positions the company to harness growth opportunities effectively. The presentations and discussions during the Capital Markets Day will shine a light on how Dana intends to transform these industry challenges into sustainable business practices.

As the discussion unfolds, both virtual participants and on-site attendees will gain insights not only into Dana's strategic plans but also into the broader landscape of the automotive industry as it moves towards 2030.

In conclusion, the Capital Markets Day set for March 25 is an essential gathering for anyone interested in understanding how Dana plans to navigate through the competitive and technological changes in the automotive world. The company's forward-looking approach underscores a confident vision that aligns with the evolving market landscape, ensuring that Dana remains a vital player in the propulsion solutions sector.

For more information, stay tuned to Dana's investor relations website, where a live webcast and subsequent replays will be made available. For questions, interested parties can reach out through the specified contact email.