July 28, 2023 2023 Second-quarter Earnings Conference Call “Driving Customer Satisfaction and Technology Leadership”

Safe Harbor Statement 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.

Agenda Craig Barber Senior Director, Investor Relations and Strategic Planning Introduction James Kamsickas Chairman and Chief Executive Officer Business Review Timothy Kraus Senior Vice President and Chief Financial Officer Financial Review © 2023 Dana

Company-wide transformation and execution driving profitable long-term growth Q2 Financial Results sales $2.7 billion $162M from prior year adjusted EBITDA $243 million $81M from prior year free cash flow $134 million $33M from prior year diluted adjusted EPS $0.37 29¢ from prior year Highlights Operating Environment Improvement New Business Win for EV Key Launch Success e-Transmissions in All Mobility Markets Key Items 12 Dana Facilities Completed Under Way 2 Dana Facilities New Business Win

Operating Environment Cost inflation continues: COLAs driving labor costs higher Higher energy costs in Europe Pricing actions muting inflation impact Sequential improvement in customer production volatility seen late in Q2 OEM customers are indicating that their supply chains are improving Steel moderating compared to 2022 Expected to be profit tailwind Commodity recoveries normalizing Currencies headwinds moderating Demand remains strong across all end markets; monitoring OEM labor risk Launches progressing very well Expecting higher EV volumes to benefit battery cooling product sales in H2 Customer production volatility decreasing, net inflation increasing in second half of year Commodity Costs & Currency Market Demand & New Business Cost Inflation & Operations Inflation

Electric Light Truck for Major North American OEM Rigid Beam e-Axle Representative product image

e-Transmissions Across All Markets Light Vehicle Off Highway Commercial Vehicle Zero-6 e-Transmission Introducing e-Transmissions for Commercial Vehicle

Financial Review

See appendix for comments regarding the presentation of non-GAAP measures Sales growth primarily due to increased demand and recovery of cost inflation, partially offset by currency headwinds Improved profit driven by lower net manufacturing costs, EV investment, and commodity costs Higher income tax expense primarily due to increased profit, jurisdictional mix, and the impact of a legacy case in Brazil Lower FCF driven by increased capital spending to support new business backlog and working capital to support launches and higher sales ($ in millions, except EPS) 2023 Q2 Financial Results Strong demand converting to higher profit driven by improved operational execution Changes from Prior Year Q2 ‘23 Q2 ‘22 Change Sales $2,748 $2,586 $162 Adjusted EBITDA 243 162 81 Margin 8.8% 6.3% 250 bps EBIT 124 59 65 Interest Expense, Net 34 30 4 Income Tax Expense 55 18 37 Net Income (attributable to Dana) 30 8 22 Diluted Adjusted EPS $0.37 $0.08 $ 0.29 Operating Cash Flow 256 257 (1) Capital Spending (122) (90) (32) Free Cash Flow 134 167 (33)

Organic growth driven by improved demand, pricing, and mix Strong operational execution muting ongoing cost inefficiencies from customer order volatility Cost inflation offset by customer recoveries Timing of investment offsetting majority of profit growth in EV business Translation of foreign currencies to U.S. dollars was a headwind to sales, profit, and margin Lower commodity costs and higher recoveries benefited sales and profit Sales Adjusted EBITDA 6.3% Margin 8.8% Margin ~130 bps ~0 bps ~140 bps ~(20) bps 2023 Q2 Sales and Profit Changes Profit improvement due to operational execution and lower commodity prices

2023 Q2 Free Cash Flow Higher profit offset by increased working capital requirements and higher capital investment Higher cash interest due to higher interest rates and accelerated payment related to refinancing Higher working capital requirements due to increased sales and higher launch cadence Higher capital spending to support new business backlog, replacement business, and electrification 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) Q2 ‘23 Q2 ‘22 Change Adjusted EBITDA $ 243 $ 162 $81 One-time Costs1 (4) (2) (2) Interest, Net (38) (33) (5) Taxes (27) (26) (1) Working Capital / Other² 82 156 (74) Capital Spending (122) (90) (32) Free Cash Flow $134 $167 $(33) Strong second quarter FCF generation due to continued working capital efficiency

Sales Adjusted EBITDA Implied Profit Margin Free Cash Flow Diluted Adjusted EPS 2023 FY Financial Guide Sales growth supported by improved end-market demand, pricing actions, and market share gains Cost inefficiencies, driven by volatile customer production, and higher sales due to cost recoveries hindering margin Free cash flow includes significant capital investment to support accelerated EV growth and roll-on business ~60% effective tax rate included in adjusted EPS guide driven primarily by valuation allowances in U.S Guidance range ~7.6% - 8.2% ~$850M ~$10,700M ~$0.80 ±$250M ±$50M ±$0.25 Revised Guidance Ranges* Increasing guidance due to strong demand and execution, and improved market dynamics ~$75M ±$25M Change in Midpoint from Prior Guidance Currency & commodities +$100M Operations, EV, & mix +$50M * Assumes no customer labor disruption in 2023

Organic growth driven by strong sales, pricing, and market share gains Gross inflation and related recoveries are now expected to be lower than prior estimate; net profit impact from inflation remains the same, as cost recovery actions are expected to offset all but ~$50M of inflation headwind Continued investment in EV business offsetting profit contribution Translation of foreign currency expected to be a slight tailwind to sales due to the revised outlook for the relative value of the euro, and Brazilian real Commodity price outlook slightly elevated from prior estimate Sales Adjusted EBITDA 2023 FY Sales and Profit Changes ~$10,700M ~$850M Inflation: ~($50)M 7.9% Margin ~90 bps ~(30) bps ~50 bps ~(10) bps 6.9% Margin Improved profit due to operational efficiencies and lower commodity costs

2023 FY Free Cash Flow Positive free cash flow even with increased capital spending Working capital expected to be a modest source, despite sales increase, as efficiency gains from 2022 continue Higher capital spending to support new business backlog and 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) 2023T 2022A Change Adjusted EBITDA $ ~850 $ 700 $ ~150 One-time Costs1 ~(15) (16) - Interest, Net ~(110) (107) ~(5) Taxes ~(150) (132) ~(20) Working Capital / Other² ~10 204 ~(190) Capital Spending ~(510) (440) ~(70) Free Cash Flow $ ~75 $209 $ ~(135) Higher profit and continuing working capital efficiency allowing for increased investment

Debt Capital Source: Dana ($ in millions) Strengthened Balance Sheet Liquidity Cash Balance1 $484 M Revolver Capacity $1.1 B Q2 Liquidity ~$1.6 B 1Available cash and cash equivalents as of 6/30/23 New Euro Bond Redeemed $200M 2025 Bond Repaid & Extended Revolver $245M Ample liquidity for growth, prudent refinancing actions

Appendix

2023 Q2 Sales and Profit Change by Segment 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 Sales Adjusted EBITDA 10.3% Sales Adjusted EBITDA 3.2% 6.2% 2.0% 5.3% 13.0% 15.6% 7.4% 6.1%

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 6/30/2023 Year to Date 6/30/2023 Year to Date 6/30/2023 Year to Date 6/30/2023 * Includes sales to systems integrations for driveline products that support Stellantis vehicles

Diluted Adjusted EPS

Segment Data

Segment Data Continued

Cash Flow

Non-GAAP Financial Information 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 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.