BorgWarner Inc. (NYSE:BWA) Q3 2021 Earnings Conference Call November 3, 2021 9:30 AM ET Company Participants Frederic B. Lissalde – CEO Kevin Nowlan – CFO Patrick Nolan – Vice President, Investor Relations Conference Call Participants Colin Langan – Wells Fargo John Murphy – Bank of America Brian Johnson – Barclays Noah Kaye – Oppenheimer Dan Levy – Credit Suisse Emmanuel Rosner – Deutsche Bank Luke Junk – Baird Joseph Spak – RBC Adam Uhlman – Cleaveland Research David Kelley – Jefferies Operator Good morni ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D.C. 20549 FORM 10-Q QUARTERLY REPORT (Mark One) ☑ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended September 30, 2021 OR ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission file number: 1-12162 BORGWARNER INC. ________________________________________________ | --- | --- | --- | --- | --- | --- | ...

BorgWarner Inc. (NYSE:BWA) Q2 2021 Earnings Conference Call August 4, 2021 9:00 AM ET Company Participants Patrick Nolan - VP, IR Frédéric B. Lissalde - President and CEO Director Kevin Nowlan - EVP and CFO Conference Call Participants Christopher McNally - Evercore ISI Luke Junk - Robert W. Baird Joseph Spak - RBC Capital Markets Colin Langan - Wells Fargo Dan Levy - Crédit Suisse Noah Kaye - Oppenheimer Gavin Kennedy - Jefferies Brian Johnson - Barclays Bank Emmanuel Rosner - Deutsche Bank Mark Delaney - ...

Earnings Call Presentation Q2 2021 © BorgWarner Inc. 1 August 4, 2021 1 Forward-Looking Statements This presentation may contain forward-looking statements as contemplated by the 1995 Private Securities Litigation Reform Act that are based on management's current outlook, expectations, estimates and projections. Words such as "anticipates," "believes," "continues," "could," "designed," "effect," "estimates," "evaluates," "expects," "forecasts," "goal," "guidance," "initiative," "intends," "may," "outlook," ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D.C. 20549 FORM 10-Q QUARTERLY REPORT (Mark One) ☑ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended June 30, 2021 OR ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission file number: 1-12162 BORGWARNER INC. ________________________________________________ | --- | --- | --- | --- | --- | --- | |---- ...

Financial Data and Key Metrics Changes - BorgWarner reported first-quarter revenue of over $4 billion, representing an organic increase of over 18% compared to a market increase of less than 13%, resulting in an outgrowth of approximately 570 basis points [6][15][16] - Adjusted operating income for Q1 was $444 million, yielding an adjusted operating margin of 11.1%, up from 10.3% in the same quarter of the previous year [17][21] - Free cash flow for the quarter was $147 million, which was flat year-over-year despite increased investment in working capital [17][21] Business Line Data and Key Metrics Changes - The company saw strong outgrowth in North America and Europe, particularly in small gasoline turbochargers and fuel injection businesses [15][16] - The e-propulsion and drivetrain segment experienced a 36% year-over-year growth, driven largely by increased business in China [37] Market Data and Key Metrics Changes - Global light vehicle and commercial vehicle markets are expected to increase by 9% to 12%, down from previous estimates of 11% to 14%, primarily due to semiconductor shortages [18][21] - North America is projected to see a market increase of 17% to 20%, while Europe is expected to increase by 9% to 12%, and China is anticipated to remain flat year-over-year [18][21] Company Strategy and Development Direction - BorgWarner's new strategy, Project Charging Forward, aims to derive over 25% of revenue from electric vehicles by 2025 and approximately 45% by 2030, compared to under 3% today [10][12] - The planned acquisition of AKASOL is a key part of this strategy, enhancing the company's capabilities in electrified vehicles [8][22] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's long-term positioning and ability to navigate supply chain challenges, particularly in light of the semiconductor shortage [12][23] - The company has increased its full-year revenue and adjusted earnings per share guidance despite a lower industrial production outlook [12][21] Other Important Information - BorgWarner achieved Great Place to Work Certified Status for the second consecutive year, highlighting its positive workplace culture [11] - The company is targeting combustion-related dispositions with annual revenue of approximately $1 billion over the next 12 to 18 months [22] Q&A Session Summary Question: EV demand and lead times - Management indicated that the start of production for a major new program is expected in the second half of 2023, with typical lead times being around three years for production awards [26][28] Question: Impact of semiconductor shortage on OEM build schedules - The semiconductor shortage is expected to have a larger impact in the second quarter, with less effect anticipated in the third quarter [33] Question: Drivers of organic growth in the e-propulsion and drivetrain segment - Growth in this segment was significantly influenced by increased business in China, where production levels rose substantially compared to other regions [37] Question: Revenue growth from partially built vehicles - Management acknowledged that some revenue growth in Q1 was likely linked to partially built vehicles, although quantifying this impact was challenging [41] Question: Insights on silicon carbide and high voltage inverters - Management expressed confidence in their competitive positioning in the silicon carbide market, emphasizing the efficiency and performance advantages of their products [44][45] Question: Variability in production schedules among customers - Management noted that production schedule changes vary significantly across regions and customers, influenced by their sourcing strategies [58] Question: Impact of raw material costs - The company is experiencing some inflation in raw material costs, but has mechanisms in place to pass through a portion of these costs to customers [48][69]

Earnings Call Presentation Q1 2021 © BorgWarner Inc. 1 May 5, 2021 1 Forward-Looking Statements Statements in this presentation may constitute forward-looking statements as contemplated by the 1995 Private Securities Litigation Reform Act (the "Act") that are based on management's current outlook, expectations, estimates and projections. Words such as "anticipates," "believes," "continues," "could," "designed," "effect," "estimates," "evaluates," "expects," "forecasts," "goal," "initiative," "intends," "may ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D.C. 20549 FORM 10-Q (Mark One) QUARTERLY REPORT ☑ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended March 31, 2021 OR ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to | --- | --- | --- | --- | --- | --- | |-------------------------------------------------------------|-------------------------------------- ...

Charging Forward Investor Day 2021 1 Charging Forward Welcome and Agenda Investor Day Patrick Nolan – Vice President, Investor Relations March 23, 2021 2 Forward-Looking Statements 3 This presentation may contain forward-looking statements as contemplated by the 1995 Private Securities Litigation Reform Act that are based on management's current outlook, expectations, estimates and projections. Words such as "anticipates," "believes," "continues," "could," "designed," "effect," "estimates," "evaluates," "ex ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D.C. 20549 Form 10-K (Mark One) ☑ Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended December 31, 2020 OR ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to | --- | --- | --- | |-----------------------------------------------------|---------------------|-------------------------------------------------------| | Title ...