Nemak SAB de CV · BMV:NEMAK/A
Nemak SAB de CV — Q3 2025 Earnings Presentation
27 slides from Nemak SAB de CV's earnings presentation, October 2025
Slide 1: 3Q25 Results
3Q25 Results October 2025
Slide 2: Agenda
Agenda • 3Q25 Highlights • Financial Overview • Q&A Armando Tamez Alberto Sada Denise Reyes CEO CFO IRO
Slide 3: Forward-Looking Statement
FORWARD-LOOKING STATEMENT This presentation contains forward-looking information based on numerous variables and assumptions that are inherently uncertain. They involve judgments with respect to, among other things, future economic, competitive and financial market conditions and future business dec
Slide 4: 3Q25 results
3Q25 results Stable top line on the back of a resilient auto industry • EBITDA reached US$143 M • On track to achieve 2025 Guidance • EBITDA: ~US$600 M • Capex: ~US$290 M
Slide 5: Announcement of agreement to acquire GF Casting Solutions' Automotive Business
Announcement of agreement to acquire GF Casting Solutions’ Automotive Business • Will strengthen Nemak’s capabilities • A milestone in our strategic journey • Commercially and operationally accretive, mainly for structural components • Will expand innovation and R&D reach, while enhancing product po
Slide 6: Will broaden product offering, spanning aluminum & magnesium
Will broaden product offering, spanning aluminum & magnesium ICE Powertrain (20%) Structural, Chassis & E-Mobility (80%) Rear Door Frame Front Door Seat Frame Shock Tower Battery Housing Transmission Housing Front Cover Tank Frame Tank Cap Longitudinal Member Door Frame E-motor Housing Cross Car Bea
Slide 7: Presence across major automotive markets
Presence across major automotive markets GF Casting Solutions’ footprint includes facilities in: • Austria • China • Germany • Romania • Switzerland • United States
Slide 8: Opportunities to serve new and existing OEMs
Opportunities to serve new and existing OEMs Western OEMs Chinese newcomer OEMs Well established relationships with European customers and entry point with Chinese OEMs 8
Slide 9: Looking forward to the integration phase
Looking forward to the integration phase Welcoming ~2,500 highly-skilled employees, along with an experienced management team Transaction subject to standard regulatory approvals across different geographies
Slide 10: Firm and selective commercial activity
Firm and selective commercial activity • Awarded business for ~US$250 M YTD: 80% ICE, 20% EV/SC • Prioritizing reutilization of existing assets Extended ICE powertrain lifecycle due to current EV adoption rate
Slide 11: Recognized in 4 of the 10 Wards Auto Best Engines & Propulsion Systems list
Recognized in 4 of the 10 Wards Auto Best Engines & Propulsion Systems list in 2025
Slide 12: Successfully embedding AI into our business practices
Successfully embedding AI into our business practices • Recently introduced NORIS GPT, enhancing system’s capabilities • Enables Nemak to turn data into actionable insights • Evidencing our ongoing commitment to innovation
Slide 13: Strengthening sustainable operations
Strengthening sustainable operations • Facilities in Austria and Germany certified under Performance Standard • Melting Center in Mexico certified under Chain of Custody Standard
Slide 14: Financial Results
Financial Results #*Nemak
Slide 15: Positive free cash flow during 3Q25
Positive free cash flow during 3Q25 • Stable top line at US$1.2 B • EBITDA declined 15% to US$143 B • Prudent approach to capital expenditures
Slide 16: Industry trends across key regions
Industry trends across key regions Vehicle SAAR (M Units) Vehicle Production (M Units) 35.0 10.0 9.5 9.0 30.0 28.2 28.6 26.7 27.1 China 8.0 7.2 6.6 7.2 7.4 24.7 25.0 7.0 6.0 20.0 16.5 16.5 USA 16.5 16.4 5.0 15.6 3.9 4.0 3.9 15.0 16.2 16.1 15.7 3.8 3.9 15.3 15.9 4.0 3.8 3.9 3.4 3.6 3.4 10.0 Europe 3.
Slide 17: Volume was 9.6 M Eq. units
Volume was 9.6 M Eq. units Stable, y-o-y • Strong production in North America • Reduced production in Europe
Slide 18: Revenue was US$1.23 B
Revenue was US$1.23 B Stable, y-o-y Updated pricing and FX offset effect from non-recurring commercial negotiations in 3Q24
Slide 19: EBITDA was US$143 M
EBITDA was US$143 M 15% lower y-o-y • High comparison effect y-o-y from commercial negotiations • Launch expenses related to volume ramp-up and mi changes in certain platforms Unitary EBITDA was US$15.0
Slide 20: Operating income was US$26 M
Operating income was US$26 M • Lower EBITDA and impairment of non-operating assets for ~US$17 M Net result was US$25 M • Lower net financing expenses and favorable tax effect from FX fluctuation
Slide 21: Net Debt was US$1.59 B
Net Debt was US$1.59 B 10% lower, y-o-y • Net-debt-to-EBITDA ratio was 2.5x by the end of the quarter, vs 2.9x in 3Q24 • Interest coverage ratio was 4.9x versus 5.0x in 3Q24 Free cash flow generation of US$18 M during 3Q25
Slide 22: Capex was US$70 M
Capex was US$70 M 27% lower y-o-y Disciplined investment strategy, prioritizing profitability
Slide 23: Summary of Regional Results
Summary of Regional Results Revenues 3Q25 3Q24 % Var. North America 651 636 2.3 Europe 401 419 (4.3) Rest of World 175 169 3.4 Total 1,227 1,224 0.2 EBITDA 3Q25 3Q24 % Var. North America 67 78 (13.9) Europe 50 68 (26.4) Rest of World 26 23 11.3 Total 143 169 (15.5)
Slide 24: GF Casting Solutions acquisition EV of US$336 M
GF Casting Solutions acquisition EV of US$336 M • US$160 M to be paid at closing • Remainder comprised by holdbacks, vendor financing and assumed operating and financial liabilities
Slide 25: Focus on profitability and value proposition
Focus on profitability and value proposition Enhancing our business profile, while creating sustainable value for our stakeholders
Slide 26: Q&A
Q&A
Slide 27: For more information contact us at: investors.nemak.com
For more information contact us at: investors.nemak.com [email protected]