#111 TH 11 11 11 11 TI MAGNA Investor Presentation September 2021#2Forward Looking Statements MAGNA Certain statements in this presentation 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 document, together with the material potential risks that we currently believe could cause actual results to differ materially from such forward-looking statements. Readers should also consider all of the risk factors which follow below the table: Material Forward-Looking Statement Total Sales Segment Sales Material Potential Risks Related to Applicable Forward-Looking Statement Mandatory stay-at-home orders and other restrictions to help contain COVID-19 spread could impact vehicle sales, vehicle production and our own production • Economic impact of COVID-19 on consumer confidence . Supply disruptions, including as a result of a semiconductor chip shortage currently being experienced in the industry Concentration of sales with six customers Shifts in market shares among vehicles or vehicle segments Shifts in consumer "take rates" for products we sell Adjusted EBIT Margin Segment Adjusted EBIT Margin Net Income Attributable to Magna • Same risks as for Total Sales and Segment Sales above • Operational underperformance Higher costs incurred to mitigate the risk of supply disruptions, including: materials price increases; higher-priced substitute supplies; premium freight costs to expedite shipments; production inefficiencies due to production lines being stopped/restarted unexpectedly based on customers' production schedules; price increases from sub-suppliers that have been negatively impacted by production inefficiencies; and potential claims against us if customer production is disrupted Price concessions Commodity cost volatility • Higher labour costs Equity Income Free Cash Flow • Tax risks Same risks as Adjusted EBIT Margin/Segment Adjusted EBIT Margin/Net Income Attributable to Magna above Risks related to conducting business through joint ventures Same risks as for Total Sales/Segment Sales, and Adjusted EBIT Margin/Segment Adjusted EBIT Margin/Net Income Attributable to Magna above Investor Presentation - September 2021 2#3Forward Looking Statements (cont.) MAGNA 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 the COVID-19 pandemic; intense competition; potential restrictions on free trade; trade disputes/tariffs; Customer and Supplier Related Risks concentration of sales with six customers; emergence of potentially disruptive EV OEMS; . OEM consolidation and cooperation; shifts in market shares among vehicles or vehicle segments; shifts in consumer "take rates" for products we sell; quarterly sales fluctuations; potential loss of any material purchase orders; a deterioration in the financial condition of our supply base, including as a result of the COVID-19 pandemic; Manufacturing Operational Risks product and new facility launch risks; operational underperformance; restructuring costs; impairment charges; labour disruptions; COVID-19 shutdowns; supply disruptions, including with respect to semiconductor chips; higher costs to mitigate supply disruptions; climate change risks; attraction/retention of skilled labour and leadership succession; IT Security/Cybersecurity Risk IT/Cybersecurity breach; Product Cybersecurity breach; Pricing Risks pricing risks between 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 risk; 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 not to place undue reliance on any forward-looking statement. Additionally, readers 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 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. Investor Presentation - September 2021 3#4Key Messages 1 MAGNA Well-positioned to capture growing market opportunities given systems approach and unique complete vehicle capabilities 2 Supplier of choice for automakers and enabler for new entrants 3 Strategic portfolio positions us for sales growth over market and strong free cash flow 4 Untapped potential to generate profits and grow shareholder value Investor Presentation - September 2021 4#5Magna Snapshot (NYSE: MGA, TSX: MG) Sales* -$40B Customers 50+ Team Members 158K Number of Countries MAGNA 28 Facilities World's 347 4th 吕吕吕 Largest Supplier 4 MAGNA * 2021 Sales Outlook $38.0B - $39.5B Investor Presentation - September 2021 5#6Foundational Strengths Enabling Success & Growth Manufacturing Expertise Innovation and Start-up Mindset Unparalleled Global Scale Decentralized Structure Disciplined Profitable Growth ooo CON Our People and Culture Strong Balance Sheet MAGNA Investor Presentation - September 2021 6#7Secular Trends Driving Change Electrification Autonomy Magna Positioning Enhanced e-Powertrain portfolio Full ADAS capability Product range fills transition roadmap to EV New EV business across all products Complete system expertise New Mobility MAGNA σ Connectivity Expanded collaboration ecosystem Leverage new business models Enabling automakers and new entrants Software-enabled functionality in our ECU-related products Optimizing performance and efficiency Well-Positioned for Car of the Future Investor Presentation - September 2021 7#8The Power of Magna Deep Product Expertise Complete Vehicle Engineering and Manufacturing Integrated Systems Level Complete Vehicles Analysis and Approach Seating Exteriors Mirrors A MAGNA Electronics Body & Chassis MAGNA Lighting Powertrain Mechatronics Investor Presentation - September 2021 8#9Agnostic to Vehicle Propulsion EV Power Electronics - EV, HV Hybrid Powertrain- Agnostic Interior Systems and Seating Body Structure E-Drivetrain Sensors (ADAS) MAGNA Included in Magna's portfolio + Battery Pack ECUs/DCUs OT Body Exterior (incl. Lighting and Mirrors) Driving Systems (incl. chassis) Electronics - Other Thermal Management Complete Vehicle Engineering and Manufacturing ICE Transmission Engine Systems Exhaust Regulation Components Magna's Portfolio is Future-Ready as the Transition to EVs Takes Place Investor Presentation - September 2021 9#10Clear Go Forward Strategy to Drive Growth Accelerate Deployment of Capital towards High-Growth Areas Drive Operational Excellence Unlock New Business Models and Markets MAGNA Investor Presentation - September 2021 10#11Accelerate Deployment of Capital Towards High Growth Areas AÅ MAGNA Impact of Megatrends + Positive Impact Aligned eDrives Battery Enclosures ADAS Contract Vehicle Manufacturing New Business Models Lighting Active Aerodynamics Body & Chassis Dual Clutch Transmissions Mirrors Mechatronics Seating Manual Transmissions 4WD/AWD Negative Impact • • Fuel Tanks Magna Sales Over Time Today Future Our Strategy is to Drive Growth in Positively Impacted Areas Investor Presentation - September 2021 11#12High Growth Area: Electrification Expected Managed Sales' >$2B > $4B Key Growth Contributors eDrive program launches in China in HASCO-Magna Joint Venture MAGNA High-volume 48V hybrid DCT programs New business in primary and secondary eDrives Expect >50% sales CAGR over the next few years in LG Joint Venture 1 2020 2023' 20272 Strong Competitive Position for Transition to Electrification 1 Managed sales = consolidated sales + sales at 100% for unconsolidated entities. 2 Forward-looking financial information beyond 2021 continues to be based on outlook information and assumptions provided in our outlook press release dated February 19th, 2021, and has not been updated. Investor Presentation - September 2021 12#13Well-Positioned to Capture Growing EV Opportunity ICE Dual Clutch/ Manual Transmission Take rate (%) 40% Average CPV ($US) $900 Take rate (%) Average CPV ($US) $400 4WD/AWD 20% +150% +22% EV Primary eDrive 100% Higher addressable market $1,100 Secondary eDrive +138% $950 20% Increased vehicle content Increased vehicle content MAGNA Higher Content Opportunity and Addressable Market for Magna as EV Transition Unfolds Investor Presentation - September 2021 13#14Innovative Electrification Solutions MAGNA EtelligentEco Connected PHEV system • • Up to 38% emission reduction • Unique cloud connectivity feature • Smart cruise control and eco routing Class-leading performance in all-electric driving New Benchmark for Efficient Plug-in-Hybrid Technology • • Etelligent Reach Battery-electric drive system 30% range extension Combination of Next-Gen eDrive, software and controls Improvement in efficiency and driving dynamics First awarded business BEV Drive System for Best-in-Class Range and Dynamics EtelligentForce • EV solution for pick-up trucks Drop-in replacement retains pick-up truck capability Leverage existing assembly processes and installed capital First significant change to solid beam rear axle in more than 100 years Electrifying Trucks without Compromising Utility Investor Presentation - September 2021 14#15High Growth Area: ADAS Expect ADAS Sales to Grow Above Market MAGNA Key ADAS Growth Contributors +19-23% CAGR +15-20% CAGR 2020 20231 Ongoing Investments Expanding Software Engineering Team Strategic Partnerships 20271 Well-Positioned to Address ADAS Opportunities Forward-looking financial information beyond 2021 continues to be based on outlook information and assumptions provided in our outlook press release dated February 19th, 2021, and has not been updated. Investor Presentation - September 2021 15#16Innovation Across the Vehicle Rethinking the possibilities using our core strengths and systems know-how Battery Enclosures Structural opportunities expand with electrification MAGNA Magna Mezzo Panel™ Integrated ADAS and lighting functions Adaptive Beam Lighting Increased safety and function by integrating electronics SmartAccessTM Bridging mechatronics and electronics to deliver functionality MAGNA Investor Presentation - September 2021 16#17Innovation Ecosystem MAGNA INNOVIZ blaize A TECHNOLOGIES akasha Taping Into Great Thinking Outside the Company Open for Business Mindset Auto-Qualified Results Access to New Creative Approaches rohinni W WAYMO UHNDER → SCALEUP ventures vertex VENTURES TRUCKS R3E Investor Presentation - September 2021 17#18Drive Operational Excellence MAGNA Next-Gen World-Class Manufacturing Initiatives MATERIAL MANAGEMENT/ LOGISTICS LEADERSHIP PURCHASING WCM MAFACT (Magna Factory Concept) CAPITAL QUALITY INNOVATION Big Data and Analytics DO Autonomous Simulation Robots Cybersecurity PRODUCT DEVELOPMENT PROCESS Horizontal and Vertical System Integration Industrial Internet of Things INFORMATION TECHNOLOGY The Cloud Additive Manufacturing Augmented Reality Committed to Manufacturing Excellence Investor Presentation - September 2021 18#19Early Stages of Our Sustainability Journey MAGNA Focused on Energy Optimization and Renewable Energy • Goals for carbon-neutrality - - In Europe by 2025 Globally by 2030 Will be an industry leader in North America, and aligned with industry leaders in Europe Broad Sustainability Strategy Science-Based Approach Aligned with Objectives of Paris Climate Agreement . Product quality • Health and safety culture . Diversity and inclusion • Employee development and training Investor Presentation - September 2021 19#20Unlock New Business Models and Markets New Mobility Landscape Creating Wide Range of Opportunities • Urban delivery Factory automation Collaboration with automakers Magna Positioning • Building blocks to participate in many of these areas • Complete vehicle systems approach makes our proposition more attractive - Capital efficiency Launch reliability Speed to market وو Urban Delivery Factory Automation alf Mass Transit அது MAGNA New Mobility Entrants Fleet Monitoring Charging Infrastructure Ride Sharing Taxi RE Hail a Ride Private Use Leveraging Our Systems and Complete Vehicle Knowledge to Unlock New Business Investor Presentation - September 2021 Data 20#21Flexible Production Concept Volume Extension • Expansion planning in advance First-Generation Plant Volume expansion in phases Flexible supply management approach MAGNA (+) Ability to replicate plants to satisfy long-term demand growth Can Scale to Meet Volume Requirements and Optimize Future Expansion Investor Presentation - September 2021 21#22Global Production Network Well- Established 2019 2020 MAGNA Future Central Europe Eastern Europe Asia North America . • Graz, Austria Six SOPs delivered in 24 months Battery electric, hybrid and ICE vehicles produced in the same facility and on same production lines Hoče, Slovenia State-of-the-art paint shop with 100k capacity Potential to expand to over 200k complete vehicles • Zhenjiang, China Contract manufacturing joint-venture with BJEV launched in 2020 Potential to establish a scalable footprint Can leverage our best people using Magna's North American footprint jointly with experts from Graz • Battery electric vehicle production Ability to Scale and Localize in Key Markets Investor Presentation - September 2021 22#23Full Vehicle and System Capabilities MAGNA Complete Vehicle Engineering Complete Vehicle Manufacturing EV and E/E Architectures Broad System Portfolio Full ADAS System and Software Platform Uniquely Positioned to be a Strategic Partner Investor Presentation - September 2021 23#24Financial Strategy MAGNA Investor Presentation - September 2021 24#25Strong 5 Year Performance 2016-2020 Average Weighted Sales Growth Over Market (GoM)' 6% an₤1 Investment in Business $12.5B MAGNA Return of Capital $7.6BC 1 Weighted Growth over Market (GoM) compares organic sales growth (%) to vehicle production change (%) after applying Magna geographic sales weighting, excluding Complete Vehicles, to regional production Total Shareholder Return (NYSE) 100% peer average of 35% Investor Presentation - September 2021 25#26Continued Financial Flexibility ($B) TOTAL LIQUIDITY (6/30/21) MAGNA Estimated Future LTD Principal Repayments (12/31/20) ($M) $1,479 Cash $3.4 Available Term & Operating Lines of Credit $3.5 $722 $760 $647 $365 Total Liquidity $6.9 $129 2021 2022 2023 2024 2025 Thereafter LEVERAGE RATIO (LTM, 6/30/21) Adjusted Debt $6.1 Adjusted EBITDA $4.7 • Q2'21 HIGHLIGHTS Continued operational excellence and higher earnings driving strong cash generation Adjusted Debt/Adjusted EBITDA (Q2 2021) 1.29 Adjusted Debt/Adjusted EBITDA (Q1 2021) 1.74 Investment-grade ratings from Moody's, S&P, DBRS Improving Adjusted Debt to Adjusted EBITDA Investor Presentation - September 2021 26#27Capital Allocation Priorities Maintain Strong Balance Sheet Preserve liquidity and high investment grade credit ratings Adj. debt / Adj. EBITDA ratio between 1.0-1.5x Maintain flexibility to invest for growth Invest for Growth Organic and inorganic opportunities Innovation Return Capital to Shareholders Continued dividend growth over time Repurchase shares with excess liquidity MAGNA Investor Presentation - September 2021 27#28M&A Aligned with Our Strategy STRATEGIC FILTERS Expands/Complements Technology Base Technologies that Enable Acceleration in Megatrend Areas (e.g., electrification, autonomy) Customer Diversification Geographic Expansion MAGNA Investor Presentation - September 2021 28#29Capital Allocation PROJECTED USES OF CASH FROM OPERATIONS (2021-2023') Incremental Investments and Share Repurchases 35-40% 0 An Attractive Dividend 10-15% Net Internal Investments 50-55% MAGNA Disciplined, Profitable Approach to Growth Will Remain a Foundational Principle Forward-looking financial information beyond 2021 continues to be based on outlook information and assumptions provided in our outlook press release dated February 19th, 2021, and has not been updated. Investor Presentation - September 2021 29#30Q2 Financial Results Consolidated Sales ($Billions) Adjusted EBIT1 ($Millions) $4.3 Q2'20 $9.0 Q2'21 -$600 Q2'20 $557 Q2'21 MAGNA Adjusted EPS 2 -$1.71 Q2'20 ($) $1.40 Q2'21 Reflects COVID-19 shutdowns Q2'20, semiconductor chip shortage Q2'21 1 Adjusted EBIT excludes other expense (income), net 2 Adjusted EPS is calculated based on net income excluding other expense (income), net Investor Presentation - September 2021 30#31Q2 2021 vs Q1 2021 (Sequential) Financial Results Consolidated Sales $10.2 ($Billions) -11% Q2'21 vs Q1'21 Production Global -10% North America -13% Europe -11% China -1% $9.0 Magna Weighted -11% Q1'21 Q2'21 MAGNA Key Factors • • Lower global light vehicle production, substantially due to semiconductor chip shortage (-) Foreign currency translation: $31M (+) Investor Presentation - September 2021 31#32Q2 2021 vs Q1 2021 (Sequential) Financial Results Adjusted EBIT & Margin' $770 ($Billions) -28% Key Factors . • Lower earnings on $1.1B decline in sales (-) Commodity costs (-) • New facility and launch costs (-) • Incremental labour costs in Mexico (-) Higher net application costs in ADAS (-) MAGNA Favourable value-added tax settlement in Brazil (+) Higher tooling contribution (+) • $557 • 7.6% . 6.2% Q1'21 net settlements of customer claims (+) • Q1'21 Q2'21 1 Adjusted EBIT excludes other expense (income), net. Adjusted EBIT margin is the ratio of Adjusted EBIT to Total Sales Investor Presentation - September 2021 32#332021 Outlook Assumptions Light Vehicle Production (millions of units) • North America Europe China MAGNA 2020 MAY AUGUST 13.0 15.6 14.4 16.5 18.5 18.1 23.5 24.7 24.7 Foreign Exchange Rates . 1 CDN dollar equals USD 0.746 0.797 0.801 • 1 EURO equals USD 1.141 1.201 1.193 • 1 RMB equals USD 0.145 0.153 0.155 Changed from previous Outlook Investor Presentation - September 2021 33#342021 Outlook $ Billions, Unless Otherwise Noted Sales: • Body Exteriors & Structures 2020 MAY MAGNA AUGUST • Power & Vision $16.5-$17.1 $12.0-$12.4 • Seating Systems $5.6-$5.9 • Complete Vehicles $6.7 - $7.0 Total Sales $32.6 $40.2 - $41.8 Adjusted EBIT Margin %1 5.1% 7.2% -7.6% $15.3-$15.9 $11.8 - $12.2 $5.1 - $5.4 $6.3-$6.6 $38.0-$39.5 7.0% -7.4% Equity Income $189M $120M $150M - $115M $145M Interest Expense $86M ~$100M ~80M Income Tax Rate² 25.7% ~23% -23% Net Income Attributable to Magna³ Capital Spending $1.186 $2.2-$2.4 $2.0-$2.2 $1.145 ~$1.6 ~$1.6 1 Adjusted EBIT Margin is the ratio of Adjusted EBIT to Total Sales 2 The Income Tax Rate has been calculated using Adjusted EBIT and is based on current tax legislation 3 Net Income Attributable to Magna represents Net Income excluding Other expense (income), net Changed from previous Outlook Investor Presentation - September 2021 34#35Free Cash Flow Expectations 2021 ($Billions) $1.6-$1.8 May 2021 Outlook $1.6-$1.8 August 2021 Outlook 1 Free Cash Flow (FCF) is Cash from Operating Activities plus proceeds from normal course dispositions of fixed and other assets plus settlement of long-term receivable from a non-consolidated joint venture minus capital spending minus investment in other assets MAGNA Investor Presentation - September 2021 35#36Executing Our Disciplined Profitable Growth Strategy Strategy 2020 20232 Future 43.0-45.5 32.6 Accelerate deployment of Sales ($B) capital towards high-growth areas Drive operational excellence 8.1-8.6 Adjusted EBIT 5.1 Margin (%) Adjusted 7.9 MAGNA Continued growth over market Margin expansion Unlock new business models and markets ROIC (%) Business Mix Impact of megatrends: Positive impact Aligned Negative impact Generating Sustainable Shareholder Value Strong return on capital Evolution of portfolio 1 Adjusted Return on Invested Capital (Adjusted ROIC) is calculated as Adjusted After-tax operating profits divided by Average Invested Capital for the period. See Magna's 2020 Annual Report for detailed calculation. 2 Forward-looking financial information beyond 2021 continues to be based on outlook information and assumptions provided in our outlook press release dated February 19th, 2021, and has not been updated. Investor Presentation - September 2021 36#37Investment Summary MAGNA Well-positioned to capture growing market opportunities given systems approach and unique complete vehicle capabilities Supplier of choice for automakers and enabler for new entrants Strategic portfolio positions us for sales growth over market and strong free cash flow Untapped potential to generate profits and grow shareholder value Investor Presentation - September 2021 37#381107 Appendix A MAGNA Investor Presentation - September 2021 38#39NORTH AMERICA New Launches MAGNA Jeep Grand Cherokee 3-Row Ford Bronco Chevrolet Bolt EUV TOYOTA Toyota Tundra Body Power & Vision Seating Honda Civic GMC Hummer D Investor Presentation - September 2021 39#40EUROPE New Launches = 308 Skoda Enyaq BMW 2 Series Active Tourer Peugeot 308 S.E0105E Mercedes-Benz EQE Body Power & Vision Seating Bs.1569 Volkswagen T7 BMW iX MAGNA Investor Presentation - September 2021 40#41ASIA New Launches MB 9003 Mercedes-Benz C-Class Ford Mustang Mach E Geely Emgrand GL Audi A7 Sportback Body Power & Vision Seating IN A7109 Honda Civic MAGNA Investor Presentation - September 2021 41#42Systems Approach Unique Styling and Packaging Design Requirements Design Objectives Styling Packaging Functionality 1% Manufacturability Affordability MAGNA System Approach - Packaging Optimized Products Flat Underbody Roof position (styling) and head clearance as driver for battery package space Passenger height Seat package and body Package space for battery/ fuel tank as "only" variable Ground clearance Seat with Optimized Height eDrive Investor Presentation - September 2021 42#43Systems Approach Best-in-Class Driving Range Design Requirements Design Objectives Efficiency Path of Optimization Safety Dynamics Drivability Affordability Battery System e-Drive System Intelligent Operation Strategy Vehicle Optimization (Weight, Aero,..) Real Drive Range Increase MAGNA Optimized Products eDrive Software and Controls Lightweight Products Active Aero Investor Presentation - September 2021 43#44Systems Approach Optimizing Vision and Response Design Requirements Design Objectives Far Field & Near Field 3D Surround View Driver & Occupant Monitoring Safety Convenience Efficiency Dynamics Affordability Autonomous Valet Highway Pilot Advanced Trailering MAGNA Optimized Products Front Advanced Cameras Digital Imaging Radar Domain Controllers and Software Single and Multi-Camera Long Range LiDAR Ultrasonic Sensors Advanced Lighting Integrated Cameras Investor Presentation - September 2021 44#45Powertrain Portfolio Building Block Approach MODULAR & SCALABLE BUILDING BLOCKS MODULAR & SCALABLE PRODUCTS Gearsets & Differentials Synchro Shifting Systems Housings & Coverings Clutches & Decoupling Parklock MAGNA Oil Hydraulics Control HW & Actuations Traction E-Motor Inverter SW & Control Algorithms Manual Dual Clutch Transmission eBeam. Mid+ Power eDrive Low Power eDrive Electrification Enablers 4WD/AWD Mid Power Dedicated Hybrid Drive Low Power Dedicated Hybrid Drive Hybrid Dual-Clutch Transmission 45 Investor Presentation - September 2021#46Full ADAS Systems Building Block Approach MAGNA MODULAR & SCALABLE BUILDING BLOCKS Far Field Cameras Near Field Surround View Cameras Digital Imaging RADAR Domain Controllers Solid State LiDAR Ultrasonic Sensors SAFETY FEATURES (NCAP 5-STAR) Software & Algorithms Perception | Fusion | Planning | Control Lane Departure Warning Automatic Emergency Braking Lane Keep Assist Lane Centering Control Surround View Adaptive Cruise Control CROSS SYSTEM FEATURES Rear Automatic Emergency Braking PREMIUM FEATURES Connected Powertrain Driver & Occupant Monitoring Intelligent Lighting Advanced Mirror Systems Traffic Jam Assist Advanced Trailering Autonomous Emergency Steering Autonomous Valet Park Highway Pilot Investor Presentation - September 2021 46#47Complete Vehicles Building Block Approach PRODUCT PROCESS MAGNA COMPLETE VEHICLE Complete Definition Vehicle Models Vehicle Platform Vehicle Architecture E/E Architecture of Complete Vehicle Targets Complete Vehicle Integration Vehicle Testing & Validation Vehicle Production Globally Proven Processes Complete Vehicle Development Manufacturing Engineering MAJOR SYSTEMS / DOMAINS Powertrain Chassis ADAS HMI & Infotainment Body System Specification System Integration System Testing & Validation ADAS Sensors Lighting Seats Exteriors PRODUCT SYSTEMS eDrives Body & Mechatronics Mirrors Chassis Product Specification Testing & Validation Product Manufacturing Manufacturing Engineering Investor Presentation - September 2021 47#48Empty#49Battery Enclosures • Contributes to vehicle structure and safety • Steel, aluminum, and multi-material, including composites Business awards for GM Hummer EV and Ford F-150 EV Structural Opportunities Expand with Electrification MAONA MAGNA • Magna MezzoPanel™ Front fascia with integrated ADAS sensors and lighting Large-format lens and in-mold film Integrated ADAS and Lighting Functions Investor Presentation - September 2021 48#50SmartAccess™ Adaptive Beam Lighting • Enables unique access experiences Easily operated through multiple human-machine interface solutions • Glare-free high beam . Virtual dynamic bending • Speed-dependent lighting • Enhanced safety through non-contract obstacle detection • Pedestrian detection • Fully customizable Bridging Mechatronics and Electronics to Deliver New Functionality MAGNA Increased Safety and Function by Integrating Electronics Investor Presentation - September 2021 49#5110 MAGNA Smart Dies · • 5-10% uptime improvement Up to 30% reduction in scrap 30-50% less hours in inspection Real-Time Analytics for Better Decisions Investor Presentation - September 2021 50#52Advanced Robotics • High volume production • 2D/3D vision systems and trajectory • planning with Al 50% reduction in floor space • 10-20% higher operating efficiency La Automation-Enabled Efficiency MAGNA ale ab ap 90 ab Investor Presentation - September 2021 CODES 51 GD#53MAGNA KAGNA ENSTEIN Fenceless Robotics • • Operator and robot freely and safely collaborate • Doubles payload at 10 times the speed • Reduced floor space • Improved operator ergonomics 0000 0000 Sy Human and Robotic Collaboration Investor Presentation - September 2021 52#54MAGNA Data Analytics • • • Paint color change process optimization Implemented in 20 Exteriors manufacturing facilities • Significant cost savings Using Data to Minimize Waste and Reduce Costs Investor Presentation - September 2021 53#55BODY EXTERIORS & STRUCTURES Segment Financial Performance $1.6 Sales ($Billions) +125% $3.6 Q2'20 Q2'21 . Higher global light vehicle production (+) • • • • Launch of new programs (+) Foreign currency translation: $173M (+) End of production of certain programs (-) Net customer price concessions (-) Adjusted EBIT ($Millions) $227 . • . • • • -$315 Q2'20 Earnings on higher sales (+) Q2'21 Cost savings and operating efficiencies, including as a result of implemented restructuring actions (+) Higher tooling contribution (+) Net provisions for customer claims in 2020 (+) Lower transactional FX losses and positive impact of foreign currency translation (+) Favourable value-added tax settlement in Brazil (+) Higher employee profit sharing and incentive comp (-) Incremental labour costs in Mexico (-) . Net customer price concessions (-) Investor Presentation - September 2021 54#56POWER & VISION Segment Financial Performance Sales ($Billions) +122% Adjusted EBIT ($Millions) $1.3 $2.9 Q2'20 Q2'21 . • • • • Higher global light vehicle production (+) Launch of new programs (+) Consolidation of Getrag entities: $175M (+) Foreign currency translation: $170M (+) Net customer price concessions (-) $203 • . • • -$226 Q2'20 Earnings on higher sales (+) Q2'21 Lower net application engineering costs in ADAS (+) Cost savings and operating efficiencies, including as a result of implemented restructuring actions (+) Lower net warranty costs: $13M (+) Foreign currency translation: $12M (+) . Higher equity income: $10M (+) . Consolidation of Getrag entities (+) Higher employee profit share and incentive comp (-) . Higher commodity costs (-) . Net customer price concessions (-) Investor Presentation - September 2021 55#57SEATING Segment Financial Performance Sales ($Billions) +123% Adjusted EBIT ($Millions) • • • • • • $0.5 $1.2 Q2'20 Q2'21 Higher global light vehicle production (+) Launch of new programs (+) Acquisition of Hongli in China: $92M (+) Foreign currency translation: $41M (+) Unfavourable production mix (-) Net customer price concessions (-) -$84 Q2'20 $26 Q2'21 • • . Earnings on higher sales (+) Productivity and efficiency improvements at an underperforming facility (+) Favourable commercial settlements (+) Favourable value-added tax settlement in Brazil (+) Higher employee profit sharing and incentive comp (-) · Higher launch costs (-) . . Net customer price concessions (-) Investor Presentation - September 2021 56#58COMPLETE VEHICLES Segment Financial Performance Sales ($Billions) +60% Adjusted EBIT ($Millions) $0.9 $1.5 $44 Q2'20 Q2'21 . Higher vehicle assembly volumes (+13K units) . Higher euro: $126M (+) $79 Q2'20 Q2'21 Earnings on higher assembly volumes, net of contractual fixed cost recoveries on certain programs (+) Higher margins on engineering programs (+) . Foreign currency translation: $7M (+) Higher employee profit sharing and incentive comp (-) . Net customer price concessions (-) Investor Presentation - September 2021 57#59Segment Sales & Adjusted EBIT Margin % SALES² ($B) BODY EXTERIORS & STRUCTURES 20-23 10-12% CAGR 18.0-19.0 16.5 15.3-15.9 13.6 POWER & VISION 20-23 10-12% CAGR 13.0-13.6 11.01 11.8-12.2 9.7 MAGNA SEATING SYSTEMS COMPLETE VEHICLES 20-23 11-13% CAGR 20-23 5-8% CAGR 6.1-6.5 6.7 6.3-6.6 6.3-6.8 5.6 5.1-5.4 5.4 4.5 2019 2020 2021F 2023F 2019 2020 2021F 2023F 2019 2020 2021F 2023F 2019 2020 2021F 2023F ADJUSTED EBIT MARGIN %² 2 10.2-10.8 8.7-9.3 8.0-8.5 7.9 6.6 6.0 5.1 2019 2020 2021F 2023F 7.3-7.8 2019 2020 2021F 2023F 5.6 5.8-6.3 4.5-5.0 2.4 2019 2020 2021F 1 Excluding $0.4B in sales of Fluid Pressure & Controls (FP&C) business unit sold at end of Q1, 2019 2 Forward-looking financial information beyond 2021 continues to be based on outlook information and assumptions provided in our outlook press release dated February 19th, 2021, and has not been updated. 2.1 5.1 4.5-5.0 3.8-4.3 2023F 2019 2020 2021F 2023F Investor Presentation - September 2021 58#60Magna Segment and Regional Data 2020 Sales by Segment' Complete Vehicles Seating Systems 14% 16% Power & Vision 29% Excluding Corporate segment 41% Body Exteriors & Structures MAGNA 2020 Sales by Geography 2020 Adjusted EBIT by Segment¹ AP ROW 2% 6% 48% North America Europe 44% Complete Vehicles Seating Systems 6% 29% Power & Vision 16% Body Exteriors & Structures 49% Investor Presentation - September 2021 59