Dana(DAN) - 2022 Q1 - Earnings Call Presentation

Financial Performance - Q1 2022 - Sales increased by $217 million, reaching $2.48 billion compared to $2.263 billion in Q1 2021[16] - Adjusted EBITDA decreased by $64 million, from $234 million in Q1 2021 to $170 million in Q1 2022[16] - Adjusted EBITDA margin declined by 340 basis points, from 10.3% in Q1 2021 to 6.9% in Q1 2022[16] - Diluted Adjusted EPS decreased by $0.50, from $0.66 in Q1 2021 to $0.16 in Q1 2022[16] - Free Cash Flow decreased by $211 million, from negative $26 million in Q1 2021 to negative $237 million in Q1 2022[16] Factors Affecting Performance - Net cost inflation of approximately $45 million and operational inefficiencies negatively impacted organic conversion[18, 19] - Currency translation reduced sales and had a minor negative impact on margin[18] - Commodity cost recoveries increased sales, but higher raw material costs lowered profit[18] Outlook for Full Year 2022 - Sales are projected to increase by approximately $1.155 billion, reaching approximately $10.1 billion[42] - Adjusted EBITDA is expected to be approximately $820 million[42] - The implied profit margin is projected to be between 7.8% and 8.4%[28] - The company anticipates a Free Cash Flow of approximately $215 million[43]