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Linamar First Quarter Earnings More than Double Q1 2020 on Strong Markets & Market Share Gains May 6 , 2021 , Guelph , Ontario , Canada ( TSX : LNR ) • . • • • During the first quarter of 2021 ( " Q1 2021 " ) , the Company experienced strong sales growth , up 15 % vs Q1 2020 , and outstanding normalized net earnings growth , up 2.3 times in comparison to last year ; Strong normalized operating earnings growth in both segments ; Mobility segment normalized operating earnings up nearly 2.5 times for Q1 2021 and Industrial segment normalized operating earnings up nearly 1.5 times ; Free cash flow¹ was $ 166.2 million for Q1 2021 compared to $ 147.1 million for the first quarter of 2020 ( " Q1 2020 " ) ; Liquidity , measured as cash and cash equivalents and available credit as at March 31 , 2021 , is $ 1.6 billion an increase from $ 1.2 billion at March 31 , 2020 ; New business wins maintain strong launch book of nearly $ 3.7 billion , with more than a third of Q1 2021 new business wins for electrified vehicles ; Strong Mobility market share gains with double digit Content per Vehicle growth in North America and Asia Pacific with a record high in North America ; Strong equipment sales demand for agricultural equipment coupled with market share growth in targeted core and expansion markets ; and Continued market share gains for access equipment in core North American markets . ( in millions of dollars , except per share figures ) Sales Operating Earnings ( Loss ) Industrial Mobility Operating Earnings ( Loss ) 1 Net Earnings ( Loss ) Net Earnings ( Loss ) per Share - Diluted Earnings before interest , taxes and amortization ( " EBITDA ” ) 1 Operating Earnings ( Loss ) – Normalized¹ Industrial Mobility Operating Earnings ( Loss ) - Normalized Net Earnings ( Loss ) - Normalized¹ Net Earnings ( Loss ) per Share - Diluted - Normalized¹ EBITDA - Normalized¹ Operating Highlights Sales for Q1 2021 were $ 1,781.9 million , up $ 232.1 million from $ 1,549.8 million in Q1 2020 . Three Months Ended March 31 2021 2020 $ $ 1,781.9 1,549.8 35.7 42.9 185.5 75.0 221.2 117.9 153.5 78.5 2.34 1.20 332.7 228.0 45.9 31.4 175.4 72.1 221.3 103.5 158.3 67.9 2.41 1.04 341.3 213.9 The Industrial segment ( " Industrial ” ) product sales increased 16.5 % , or $ 49.3 million , to $ 348.3 million in Q1 2021 from Q1 2020. The sales increase was due to : • • . increased agricultural sales from stronger equipment sales demand and growing market share in targeted core and expansion markets ; and additional access equipment sales primarily due to increased market share in North America for telehandlers , scissors and booms ; partially offset by European access equipment sales declines primarily attributed to adverse conditions associated with the COVID - 19 pandemic ; and an unfavourable impact on sales from the changes in foreign exchange rates from Q1 2020 . Sales for the Mobility segment ( " Mobility " ) increased by $ 182.8 million , or 14.6 % in Q1 2021 compared with Q1 2020. The sales in Q1 2021 were impacted by : • increased volumes for certain programs that the Company has significant business within North America and Asia ; increased sales related to launching programs ; and a favourable impact on sales from the changes in foreign exchange rates from Q1 2020 ; partially offset by sales declines primarily attributed to adverse conditions associated with semi conductor chip supply issues impacting our customers . 1 For more information refer to the section entitled " Non - GAAP and Additional GAAP Measures " in the Company's separately released Management's Discussion and Analysis ( " MD & A ” ) . Page 1 of 3