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", "assume", "believe", "intend", "plan", "aim", "forecast", "outlook", "project", "potential", "cyclicality", "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 and accompanying document, 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 Free trade arrangements and tariffs Relative currency values Commodities prices Availability and relative cost of skilled labour
Total Sales Segment Sales	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 Alignment with "Car of the Future" Evolving business risk profile Customer concentration Shifts in market shares among vehicles or vehicle segments Shifts in consumer "take rates" for products we sell
Adjusted EBIT Margin Net Income Attributable to Magna / Target Leverage Ratio	Same risks as for Total Sales and Segment Sales above Successful execution of critical program launches Operational underperformance Product warranty/recall risks Production inefficiencies in our operations Higher costs incurred to mitigate the risk of supply disruptions Restructuring costs Impairments Inflationary pressures Our ability to secure cost recoveries from customers and/or otherwise offset higher input costs Price concessions Risks of conducting business with newer EV-focused OEMs Commodity cost volatility Scrap steel price volatility Higher labour costs Tax risks
Equity Income	Same risks as Adjusted EBIT Margin and Net Income Attributable to Magna / Target Leverage Ratio Risks related to conducting business through joint ventures Risks of doing business in foreign markets

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 rates;
geopolitical risks;

Risks Related to the Automotive Industry

economic cyclicality;
regional production volume declines;
deteriorating vehicle affordability;
misalignment between EV production and sales;
intense competition;

Strategic Risks

alignment with "Car of the Future";
evolving business risk profile;
technology and innovation;
investments in mobility and technology companies;

Customer-Related Risks

customer concentration;
growth with Asian OEMs;
growth of EV-focused OEMs;
risks of conducting business with newer EV-focused OEMs;
Fisker’s ability to continue as a going concern;
dependence on outsourcing;
customer cooperation and consolidation;
EV program deferrals;
market shifts;
consumer take rate shifts;
quarterly sales fluctuations;
customer purchase orders;
potential OEM production-related disruptions;

Supply Chain Risks

semiconductor chip supply disruptions and price increases;
supply chain disruptions;
regional energy supply and pricing;
supply base condition;

Manufacturing/Operational Risks

product launch;
operational underperformance;
restructuring costs;
impairments;
labour disruptions;
skilled labour attraction/retention;
leadership expertise and succession;

Pricing Risks

quote/pricing assumptions;
customer pricing pressure/contractual arrangements;
commodity cost volatility;
scrap steel/aluminum price volatility;

Warranty / Recall Risks

repair/replace costs;
warranty provisions;
product liability

Climate Change Risks

transition risks and physical risks;
strategic and other risks;

IT Security/Cybersecurity Risks

IT/cybersecurity breach;
product cybersecurity;

Acquisition Risks

acquisition of strategic targets;
inherent merger and acquisition risks;
acquisition integration and synergies;

Other Business Risks

joint ventures;
intellectual property;
risks of doing business in foreign markets;
relative foreign exchange rates;
currency devaluation in Argentina;
pension risks;
tax risks;
returns on capital investments;
financial flexibility;
credit ratings changes;
stock price fluctuation;
dividends;

Legal, Regulatory and Other Risks

antitrust proceedings;
legal and regulatory proceedings;
changes in laws;
trade agreements;
trade disputes/tariffs; and
environmental compliance.

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 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.ca.