Financial Data and Key Metrics Changes - Organic sales grew by 10% year-over-year, surpassing weighted production by 4% excluding complete vehicles and 2% including complete vehicles [7] - Consolidated sales for Q3 2023 were $10.7 billion, up 15% compared to Q3 2022, with adjusted EBIT of $615 million and an adjusted EBIT margin increase of 90 basis points to 5.8% [14][15] - Adjusted EPS increased by 33% year-over-year to $1.46, with free cash flow generated in the quarter at $23 million compared to a $210 million use in Q3 2022 [14][15] Business Line Data and Key Metrics Changes - North American light vehicle production increased by 7%, while European production rose by 14%, and Chinese production declined by 2%, resulting in a net 4% increase in global production [15] - The sales increase was primarily driven by higher global vehicle production, new program launches, and adjustments to recover higher input costs [15] Market Data and Key Metrics Changes - The global economy faces challenges such as elevated labor inflation, higher interest rates, geopolitical risks, and slowing economic growth, impacting the entire industry [8] - The company expects about 150 basis points of margin expansion from operational improvements and cost recovery initiatives [10] Company Strategy and Development Direction - The company aims to achieve continued growth above market, improve margins and returns, and shift its portfolio towards mega-trend areas, driving increased shareholder value [11] - The company is committed to reducing global energy intensity by 10% in all manufacturing facilities this year, with a target of 20% reduction by 2027 [12] Management's Comments on Operating Environment and Future Outlook - Management noted strong operating performance despite the UAW strike, with expectations for continued operational execution and margin expansion [30][42] - The company has narrowed its expected sales range, reflecting higher European and Chinese vehicle production in the second half of 2023, offset by a stronger U.S. dollar and the estimated $310 million impact of the UAW strike [19] Other Important Information - The company has achieved carbon neutrality in more than 30 divisions over the last two years [12] - The balance sheet remains strong with over $4.5 billion in liquidity, including about $1 billion in cash, and an adjusted debt to adjusted EBITDA ratio of 2.02 [18] Q&A Session Summary Question: What is the company's exposure to EV demand and how does it affect the order book? - Management stated that they have not seen significant cancellations and maintain a robust planning process to mitigate risks associated with volume changes [82][84] Question: How does the company view the profitability target in mega-trend areas by 2025? - Management affirmed confidence in reaching profitability targets, emphasizing that the strategy includes not only electrification but also ADAS and other products [70][72] Question: What is the impact of the UAW strike on revenue and EBIT? - The Q3 impact was estimated at $55 million in sales and about 10 basis points on margin, with an additional estimated impact of $255 million in Q4 [101] Question: How does the company plan to manage capital expenditures in light of changing production plans? - Management indicated that capital spending is sequenced according to customer production plans, allowing for flexibility in response to changes [146]

Company Participants Greetings and welcome to the Q2 2023 Results Conference Call. During the presentation, all participants will be in a listen-only mode. Afterwards, we will conduct a question and answer session. At that time, if you have a question, please press the one followed by the four on your telephone. If at any time during the conference, you need to reach an operator, please press star, zero. Thanks Rita. Hello everyone and welcome to our conference call covering our second quarter 2023. Joining ...

i MAGNA Q2-2023 RESULTS 2 Certain statements in this document and related quarterly results conference call constitute "forward-looking information" or "forward-looking statements" (collectively, "forward-looking statements"). Any such forward-looking statements are intended to provide information about management's current expectations and plans and may not be appropriate for other purposes. Forward-looking statements may include financial and other projections, as well as statements regarding our future p ...

Magna International Inc. (NYSE:MGA) Q1 2023 Results Conference Call May 5, 2023 8:00 AM ET Company Participants Louis Tonelli - IR Swamy Kotagiri - CEO Pat McCann - CFO Conference Call Participants John Murphy - Bank of America Adam Jonas - Morgan Stanley Peter Sklar - BMO Capital Markets Tom Narayan - RBC Itay Michaeli - Citi Colin Langan - Wells Fargo Dan Levy - Barclays Michael Glen - Raymond James Operator Greetings, and welcome to the Q1 2023 Results Call. [Operator Instructions]. As a reminder, today' ...

TABLE OF CONTENTS Exhibit 22 r all. 2023 Management Proxy Circular Annual Meeting – May 11, 2023 Magna International Inc. TABLE OF CONTENTS At a Glance. $37.8B in sales 50+ customers 343 manufacturing facilities World's 4th largest automotive parts supplier 168,000+ team members 29 countries TABLE OF CONTENTS TABLE OF CONTENTS The automotive industry is accelerating at a rapid pace toward a systems-defined vehicle, with great emphasis on electrification, lightweight structures, high-efficiency powertrains, ...

Financial Performance - Magna International Inc. reported sales of $37,840 million for the year ended December 31, 2022, an increase of 4.4% from $36,242 million in 2021[23]. - Net income attributable to Magna International Inc. decreased to $592 million in 2022 from $1,514 million in 2021, representing a decline of 60.9%[23]. - Earnings per share (EPS) for 2022 were $2.04 (basic) and $2.03 (diluted), down from $5.04 and $5.00, respectively, in 2021[23]. - Comprehensive income for 2022 was $369 million, down from $1,344 million in 2021, reflecting a decline of 72.6%[24]. - Net income for 2022 was $641 million, a decrease of 58.8% from $1,553 million in 2021[26]. - Adjusted EBIT for 2022 was $1.662 billion, a decrease of 19.5% from $2.064 billion in 2021[166]. - In 2022, Magna International reported income before income taxes of $878 million, a decrease of 55% from $1,948 million in 2021[99]. Assets and Liabilities - Total assets as of December 31, 2022, were $27,789 million, a decrease from $29,086 million in 2021[25]. - Cash and cash equivalents decreased significantly to $1,234 million in 2022 from $2,948 million in 2021[25]. - The company's fixed assets, net totaled $8.17 billion in 2022, slightly down from $8.29 billion in 2021[167]. - Magna's total debt, net of unamortized issuance costs, was $2,847 million as of December 31, 2022, down from $3,538 million in 2021[112]. - The company recorded interest expense of $126 million in 2022, slightly up from $122 million in 2021[114]. - Total lease liabilities decreased to $1.564 billion in 2022 from $1.680 billion in 2021, a reduction of approximately 6.9%[118]. Cash Flow - Cash provided from operating activities decreased to $2,095 million in 2022 from $2,940 million in 2021, reflecting a decline of 28.8%[26]. - Cash used for investing activities was $2,038 million in 2022, down from $2,283 million in 2021, indicating a reduction of 10.7%[26]. - Cash used for financing activities increased to $1,733 million in 2022 from $1,106 million in 2021, representing a rise of 56.5%[26]. - Total cash and cash equivalents at the end of 2022 were $1,234 million, down from $2,948 million at the end of 2021, a decrease of 58.2%[26]. Inventory and Expenses - The cost of goods sold for 2022 was $33,188 million, up from $31,097 million in 2021, reflecting a 6.7% increase[23]. - Inventories increased to $4,180 million in 2022, compared to $3,969 million in 2021, indicating a rise of 5.3%[25]. - The company recorded a total of $703 million in other expenses for 2022, significantly up from $38 million in 2021, primarily due to impairment charges related to operations in Russia, net losses on investments, and restructuring costs[74]. - The company incurred restructuring and impairment charges totaling $48 million in 2022, compared to $101 million in 2021[79][80]. Investments and Acquisitions - The company invested $25 million in Yulu Mobility and contributed $52 million for a 51% controlling interest in the new battery swapping entity, Magna Yuma[158]. - The acquisition of Veoneer's Active Safety business was agreed upon for a purchase price of $1.525 billion, expected to close near mid-year 2023[160]. Customer and Sales Information - Sales to the Company's six largest customers accounted for 79% of total sales in 2022, up from 78% in 2021[152]. - The Company’s external sales to General Motors were $5.903 billion in 2022, an increase from $4.884 billion in 2021[166]. - North America accounted for $18.91 billion in external sales in 2022, up from $16.70 billion in 2021, reflecting a growth of about 7.2%[167]. - In Europe, external sales decreased to $14.30 billion in 2022 from $15.43 billion in 2021, a decline of approximately 7.3%[167]. - Asia Pacific external sales increased to $4.17 billion in 2022, compared to $3.70 billion in 2021, marking a growth of around 12.7%[167]. Research and Development - Research and development costs for 2022 were $649 million, slightly increased from $634 million in 2021, indicating ongoing investment in innovation[70]. Tax and Deferred Tax - The effective income tax rate for 2022 was 27.0%, compared to 20.3% in 2021[96]. - As of December 31, 2022, Magna had domestic and foreign operating loss carryforwards totaling $2.9 billion, with approximately $1.9 billion eligible for indefinite carryforward[102]. - The company's net deferred tax assets amounted to $179 million in 2022, compared to net liabilities of $19 million in 2021[100]. Shareholder Returns - The company paid dividends of $514 million in both 2021 and 2022, maintaining a consistent payout[27]. - The company repurchased $780 million of common shares in 2022, compared to $517 million in 2021, marking an increase of 50.9%[27].

Magna International Inc. (NYSE:MGA) Q4 2022 Results Conference Call February 10, 2023 8:00 AM ET Company Participants Louis Tonelli - Vice President, Investor Relations Swamy Kotagiri - Chief Executive Officer Pat McCann - Executive Vice President & Chief Financial Officer Conference Call Participants John Murphy - Bank of America Adam Jonas - Morgan Stanley Peter Sklar - BMO Capital Markets Mark Delaney - Goldman Sachs Itay Michaeli - Citi Colin Langan - Wells Fargo Rod Lache - Wolfe Research Michael Glen ...

Magna International Inc. (NYSE:MGA) Q3 2022 Results Conference Call November 4, 2022 8:00 AM ET Company Participants Louis Tonelli - Vice President, Investor Relations Swamy Kotagiri - Chief Executive Officer Pat McCann - Executive Vice President & Chief Financial Officer Vince Galifi - President Conference Call Participants John Murphy - Bank of America Adam Jonas - Morgan Stanley Peter Sklar - BMO Capital Markets Chris McNally - Evercore Joseph Spak - RBC CM Colin Langan - Wells Fargo Michael Glen - Raymo ...

Q2 2022 Performance - Consolidated sales reached $9.4 billion, a 4% increase[9] - Adjusted EBIT margin was 3.8%, a decrease of 240 basis points[9] - Adjusted diluted EPS was $0.83, a 41% decrease[9] - Free cash flow was $52 million[9] Sales and Production - Weighted Growth over Market (GoM) was +4%[9] - Global light vehicle production increased by 2%[14] - North America production increased by 14%, while Europe decreased by 1% and China decreased by 5%[14] - Organic sales grew by 12%[32] Financial Outlook - The company modestly increased its 2022 outlook for sales, despite a stronger USD[7] - Total sales are projected to be between $37.6 billion and $39.2 billion[23] - Adjusted EBIT margin is expected to be between 5.0% and 5.4%[23] - Free cash flow is expected to be between $0.7 billion and $0.9 billion[25] Capital Allocation - The company repurchased 3.5 million shares for $212 million[10] - $130 million was paid out in dividends[10]

Magna International Inc. (NYSE:MGA) Q2 2022 Earnings Conference Call July 29, 2022 8:00 AM ET Company Participants Louis Tonelli - Vice President, Investor Relations Swamy Kotagiri - Chief Executive Officer Pat McCann - Executive Vice President & Chief Financial Officer Vince Galifi - President Conference Call Participants John Murphy - Bank of America Securities Itay Michaeli - Citigroup Peter Sklar - BMO Capital Markets Chris McNally - Evercore Mark Delaney - Goldman Sachs Joseph Spak - RBC Colin Langan - ...