Forward Looking Statements

Certain statements in this website 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 Supply disruptions Production allocation decisions by OEMs
Total (Consolidated) Sales Segment Sales	The impact of elevated interest rates and availability of credit on consumer confidence and, in turn, vehicle sales and production Potential supply disruptions Impact of the Russian invasion of Ukraine on global economic growth and industry production volumes Impact of deteriorating vehicle affordability on consumer demand and, in turn, vehicle sales and production Concentration of sales with six customers Shifts in market shares among vehicles or vehicle segments Shifts in consumer “take rates” for products we sell
Unconsolidated Sales	Same risks as Total (Consolidated) Sales and Segment Sales above. Risks related to conducting business through joint ventures
Adjusted EBIT Margin Segment Adjusted EBIT Margin Net Income Attributable to Magna"	Same risks as for Total (Consolidated) Sales/Segment Sales and Unconsolidated Sales above Successful execution of critical program launches, including complete vehicle manufacturing of the Fisker Ocean SUV Operational underperformance 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 prices Price concessions Commodity cost volatility Scrap steel price volatility Higher labour costs Tax risks
Equity Income	Same risks as Adjusted EBIT Margin, Segment Adjusted EBIT Margin and Net Income Attributable to Magna Risks related to conducting business through joint ventures
Free Cash Flow	Same risks as for Total (Consolidated) Sales/Segment Sales, Unconsolidated Sales and Adjusted EBIT Margin/Net Income Attributable to Magna 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:

Risks Related to the Automotive Industry

economic cyclicality;
regional production volume declines, including as a result of deteriorating vehicle affordability;
intense competition;
potential restrictions on free trade;
trade disputes/tariffs;

Customer and Supplier Related Risks

concentration of sales with six customers;
risks related to conducting business with newer OEMs with limited operating history, product maturity and warranty experience;
OEM consolidation and cooperation;
shifts in market shares among vehicles or vehicle segments;
shifts in consumer "take rates" for products we sell;
dependence on outsourcing;
quarterly sales fluctuations;
potential loss of any material purchase orders;
a deterioration in the financial condition of our supply base;

Manufacturing / Operational Risks

product and new facility launch risks, including the successful launch of critical programs such as the Fisker Ocean SUV;
operational underperformance;
supply disruptions, including with respect to semiconductor chips;
impact of volatile OEM vehicle production allocation decisions on the efficiency of our operations;
risks arising from Russia’s invasion of Ukraine and compliance with the sanctions regime imposed in response;
restructuring costs;
impairment charges;
labour disruptions;
risks related to COVID-19;
climate change risks;
attraction/retention of skilled labour;

IT Security/Cybersecurity Risk

IT/Cybersecurity breach;
Product Cybersecurity breach;

Pricing Risks

inflationary pressures;
our ability to secure customer cost recoveries from customers or otherwise offset higher input prices;
pricing risks following time of quote and start of production;
price concessions;
commodity cost 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;

Acquisition Risks

competition for strategic acquisition targets;
inherent merger and acquisition risks;
acquisition integration risks;

Other Business Risks

risks related to conducting business through joint ventures;
our ability to consistently develop and commercialize innovative products or processes;
our changing business risk profile as a result of increased investment in electrification and autonomous driving, including: higher R&D and engineering costs, and challenges in quoting for profitable returns on products for which we may not have significant quoting experience;
risks of conducting business in foreign markets;
fluctuations in relative currency values;
tax risks;
reduced financial flexibility as a result of an economic shock;
changes in credit ratings assigned to us;

Legal, Regulatory and Other Risks

antitrust risk;
legal claims and/or regulatory actions against us; and
changes in laws and regulations, including those related to vehicle emissions or made as a result of the COVID-19 pandemic.

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 Annual Information Form filed with securities commissions in Canada, our annual report on Form 40-F 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.