Forward Looking Statements

Certain statements in this website 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 plans, strategic objectives or economic performance, or the assumptions underlying any of the foregoing, and other statements that are not recitations of historical fact. We use words such as "may", "would", "could", "should", "will", "likely", "expect", "anticipate", "believe", "intend", "plan", "aim", "forecast", "outlook", "project", "estimate", "target" and similar expressions suggesting future outcomes or events to identify forward-looking statements. The following table identifies the material forward-looking statements contained in this website, together with the material potential risks that we currently believe could cause actual results to differ materially from such forward-looking statements. Readers and listeners should also consider all of the risk factors which follow below the table:

Material Forward-Looking Statement	Material Potential Risks Related to Applicable Forward-Looking Statement
Light Vehicle Production	Light vehicle sales levels Production disruptions, including as a result of labour strikes Supply disruptions Production allocation decisions by OEMs
Total Sales Unconsolidated Sales Segment Sales Weighted Sales Growth Over Market (2023-2026) Sales in Megatrend areas (to 2026)	Same risks as for Light Vehicle Production above The impact of elevated interest rates and availability of credit on consumer confidence and in turn vehicle sales and production The impact of deteriorating vehicle affordability on consumer demand, and in turn vehicle sales and production Misalignment between EV production and sales Strategic and other risks relating to the transition to electromobility Concentration of sales with six customers Shifts in market shares among vehicles or vehicle segments Shifts in consumer "take rates" for products we sell Relative foreign exchange rates
Adjusted EBIT Margin Segment and Megatrend Area Adjusted EBIT Margin Potential Margin Expansion (to 2026) Target Leverage Ratio	Same risks as for Total Sales/Unconsolidated Sales/Segment Sales/Weighted Sales Growth/Megatrend Sales above Successful execution of critical program launches Operational underperformance Product warranty/recall risks Production inefficiencies in our operations due to volatile vehicle production allocation decisions by OEMs Higher costs incurred to mitigate the risk of supply disruptions Inflationary pressures Our ability to secure cost recoveries from customers and/or otherwise offset higher input costs Price concessions Risks of conducting business with Fisker and other newer EV-focused OEMs Commodity cost volatility Scrap steel price volatility Higher labour costs Tax risks
Free Cash Flow	Same risks as for Total Sales/Unconsolidated Sales/Segment Sales/Weighted Sales Growth/Megatrend Sales and Adjusted EBIT Margin/Segment and Megatrend Area Adjusted EBIT Margin/Potential Margin Expansion/Target Leverage Ratio above

Forward-looking statements are based on information currently available to us and are based on assumptions and analyses made by us in light of our experience and our perception of historical trends, current conditions and expected future developments, as well as other factors we believe are appropriate in the circumstances. While we believe we have a reasonable basis for making any such forward-looking statements, they are not a guarantee of future performance or outcomes. In addition to the factors in the table above, whether actual results and developments conform to our expectations and predictions is subject to a number of risks, assumptions, and uncertainties, many of which are beyond our control, and the effects of which can be difficult to predict, including, without limitation:

Macroeconomic, Geopolitical and Other Risks

inflationary pressures;
interest rate levels;
geopolitical risks;

Risks Related to the Automotive Industry

economic cyclicality;
regional production volume declines;
deteriorating vehicle affordability;
misalignment between Electric Vehicle (“EV”) production and sales;
intense competition;

Strategic Risks

alignment of our product mix with the "Car of the Future";
our evolving business risk profile as a result of increased investment in battery enclosures, powertrain electrification and autonomous/assisted driving systems and new mobility business models;
our ability to consistently develop and commercialize innovative products or processes;
our investments in mobility and technology companies;
strategic and other risks related to the transition to electromobility;
inability to achieve future investment returns that equal or exceed past returns;

Customer-Related Risks

concentration of sales with six customers;
inability to significantly grow our business with Asian customers;
growth of EV-focused OEMs, including risks related to limited financial, liquidity/capital or other resources, less mature product development and validation processes, uncertain market acceptance of their products/services and untested business models;
dependence on outsourcing;
OEM consolidation and cooperation;
shifts in market shares among vehicles or vehicle segments;
shifts in consumer "take rates" for products we sell;
potential loss of any material purchase orders;
production disruptions affecting our customers;
quarterly sales fluctuations;

Supply Chain Risks

semiconductor supply chain disruptions and price increases;
other supply chain disruptions;
regional energy disruptions and pricing;
a deterioration of the financial condition of our supply base;

Manufacturing/Operational Risks

manufacturing/Operational Risks
product and new facility launch risks;
operational underperformance;
restructuring costs;
impairment charges;
skilled labour attraction/retention;
leadership expertise and succession;

Pricing Risks

pricing risks between time of quote and start of production;
price concessions;
commodity price volatility;
declines in scrap steel/aluminum prices;

Warranty / Recall Risks

costs related to repair or replacement of defective products, including due to a recall;
warranty or recall costs that exceed warranty provision or insurance coverage limits;
product liability claims;

Climate Change Risks

transition, physical, strategic and other risks related to climate change, as described in our Sustainability Report;

IT Security/Cybersecurity Risks

IT/Cybersecurity breach;
product Cybersecurity breach;

Acquisition Risks

inherent merger and acquisition risks;
acquisition integration risk;

Other Business Risks

risks related to conducting business through joint ventures;
intellectual property risks;
risks of conducting business in foreign markets;
fluctuations in relative currency values;
ability to achieve expected returns on capital investments
reduced financial flexibility as a result of an economic shock;
changes in credit ratings assigned to us;
the unpredictability of, and fluctuation in, the trading price of our Common Shares;

Legal, Regulatory and Other Risks

legal claims and/or regulatory actions against us;
changes in laws and regulations, including tax laws and laws related to vehicle emissions;
potential restrictions on free trade; and trade disputes/tariffs.

In evaluating forward-looking statements or forward-looking information, we caution readers and listeners not to place undue reliance on any forward-looking statement. Additionally, readers and listeners should specifically consider the various factors which could cause actual events or results to differ materially from those indicated by such forward-looking statements, including the risks, assumptions and uncertainties above which are:

discussed under the “Industry Trends and Risks” heading of our Management’s Discussion and Analysis; and
set out in our revised Annual Information Form filed with securities commissions in Canada, our annual report on Form 40-F / 40-F/A filed with the United States Securities and Exchange commission, and subsequent filings.

Readers and listeners should also consider discussion of our risk mitigation activities with respect to certain risk factors, which can be also found in our Annual Information Form. Additional information about Magna, including our Annual Information Form, is available through the System for Electronic Data Analysis and Retrieval+ (SEDAR+) at www.sedarplus.com.