Q2 2023 Another Stellar Quarter at Linamar with Exceptional Earnings Growth, Record Revenues and Continued Free Cash Flow

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Normalized Earnings per Share¹up 55.4%;
Sales up 28.8% to $2.55 billion, a new record for a quarter;
Diversified strategy validated with Industrial earnings tripling over prior year, anchoring solid overall performance;
Normalized Operating Earnings¹ up 54.7%;
New business wins take launch book to nearly $4.5 billion;
- 58% of wins for electrified vehicles (“EV”);
Sales up 54.0% for Industrial due to strong markets in both agricultural and access equipment and solid market share growth notably in our core agricultural products;
Sales up 20.2% for Mobility driven largely by launching programs;
Acquisition of Dura Shiloh’s battery enclosure business closed and will drive strong battery electric vehicle CPV growth;
Linamar Structures Group created to drive rapidly growing propulsion agnostic business; and

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