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Market Recovery Drives Strong Linamar Second Quarter Results August 11 , 2021 , Guelph , Ontario , Canada ( TSX : LNR ) . • • • During the second quarter of 2021 ( " Q2 2021 " ) , the Company experienced strong sales growth , up 71 % versus the second quarter of 2020 ( " Q2 2020 " ) ; Outstanding normalized net earnings growth of $ 129 million in comparison to last year ; Strong normalized operating earnings in both segments , both up significantly over prior year ; Industrial segment normalized operating earnings up 82 % for Q2 2021 and Mobility segment normalized operating earnings up $ 142 million against Q2 2020 , hard hit by the COVID - 19 pandemic ; • Free cash flow¹ was $ 137.7 million for Q2 2021 continuing the company's excellent balance sheet management ; • • Liquidity , measured as cash and cash equivalents and available credit as at June 30 , 2021 , is $ 1.7 billion an increase from $ 1.1 billion at June 30 , 2020 ; New business wins grow strong launch book to over $ 3.7 billion , nearly 25 % of year to date new business wins for electrified vehicles ; Strong agricultural sales from market growth amplified by global market share growth in all core products ; and Continued recovery in access equipment sales and an increase in market share for booms in Europe and Asia . Three Months Ended Six Months Ended June 30 June 30 2021 2020 2021 2020 ( in millions of dollars , except per share figures ) Sales $ $ $ 1,575.3 923.6 3,357.1 2,473.3 Operating Earnings ( Loss ) Industrial Mobility Operating Earnings ( Loss ) 1 Net Earnings ( Loss ) 73.7 24.5 109.4 67.4 80.0 ( 49.8 ) 265.5 25.3 153.7 ( 25.3 ) 374.9 92.7 108.0 ( 37.9 ) 261.5 40.6 Net Earnings ( Loss ) per Share - Diluted 1.65 ( 0.58 ) 3.99 0.62 Earnings before interest , taxes and amortization ( " EBITDA " ) 1 261.2 81.1 594.0 309.0 Operating Earnings ( Loss ) - Normalized¹ Industrial 66.3 36.5 112.2 67.9 Mobility 85.9 ( 55.9 ) 261.4 16.2 Operating Earnings ( Loss ) - Normalized 152.2 ( 19.4 ) 373.6 84.1 Net Earnings ( Loss ) - Normalized¹ 106.9 ( 22.0 ) 265.2 45.0 Net Earnings ( Loss ) per Share - Diluted - Normalized¹ EBITDA - Normalized¹ 1.63 ( 0.34 ) 4.05 0.69 259.2 92.1 600.6 306.0 Operating Highlights Sales for Q2 2021 were $ 1,575.3 million , up $ 651.7 million from $ 923.6 million in Q2 2020 . The Industrial segment ( " Industrial " ) product sales increased 51.8 % , or $ 134.3 million , to $ 393.5 million in Q2 2021 from Q2 2020. The sales increase was due to : . additional access equipment sales primarily due to market recovery since Q2 2020 which was significantly impacted by the COVID 19 pandemic ; • an increase in agricultural sales from market growth amplified by global market share growth in all core products ; and an increase in market share for booms in Europe and Asia ; partially offset by an unfavourable impact on sales from the changes in foreign exchange rates from Q2 2020 . Sales for the Mobility segment ( " Mobility " ) increased by $ 517.4 million , or 77.9 % in Q2 2021 compared with Q2 2020. The sales in Q2 2021 were impacted by : additional sales primarily due to market recovery since Q2 2020 which was significantly impacted by the COVID - 19 pandemic ; and an increase in sales related to launching programs ; partially offset by • • • • an unfavourable impact on sales from the changes in foreign exchange rates from Q2 2020 . a sales decline primarily attributed to adverse conditions associated with semi conductor supply related issues ; and 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