#1Ai MAGNA DRIVING EXCELLENCE. INSPIRING INNOVATION. Investor Presentation JUNE 2020 H#2Forward Looking Statements A 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. Forward-looking statements in this presentation include, but are not limited to, statements relating to: the expected timing of the resumption and ramp up of production in various regions; our actions in response to the COVID-19 (Coronavirus) pandemic, including with respect to: resumption of production; employee health and safety; actions to maintain liquidity, including suspension of share repurchases for cancellation; reductions or freezing of capital and other expenditures; decremental margin expectations for the remainder of the year; Magna's ability to capitalize on growth opportunities in light-weighting, vehicle electrification, smart mobility solutions, autonomous driving and other automotive trends; the timing and success of program launches; the ability to successfully implement our product group strategic priorities; our ability to successfully implement our financial strategy, including future returns of capital to our shareholders through dividends and share repurchases; and expected free cash flow generation. 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. 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 (coronavirus) pandemic; intense competition; potential restrictions on free trade; trade disputes/tariffs; Customer and Supplier Related Risks concentration of sales with six customers; 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 (Coronavirus) pandemic; OEM consolidation; Manufacturing Operational Risks product and new facility launch risks; operational underperformance; restructuring costs; impairment charges; labour disruptions; COVID-19 (Coronavirus) shutdowns; supply disruptions, including as a result of the COVID-19 (coronavirus) pandemic; climate change risks; attraction/retention of skilled labour; 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 costs; declines in scrap steel 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 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. In evaluating forward-looking statements or forward-looking information, we caution readers not to place undue reliance on any forward-looking statement, and 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 in greater detail in this document under the section titled "Industry Trends and Risks" and set out in our Annual Information Form filed with securities commissions in Canada and our annual report on Form 40-F filed with the United States Securities and Exchange Commission, and subsequent filings. 2#3Investment Profile • World's 3rd largest automotive supplier by sales \\MAGNA • • • Strong capabilities in lightweighting, powertrain/electrification, ADAS, seating and mechatronics Complete vehicle operations are unique and positioned for smart mobility Track record of returning capital to shareholders Taking steps to address current environment • Strong liquidity position 3#4Agenda • • Magna's Response to COVID-19 Q1 2020 Update Financial Strategy • Positioning for the Future \\MAGNA#5MAGNA'S RESPONSE TO COVID-19 \\ MAGNA 5#6Health and Safety of Employees is Our #1 Priority MAGNA • • • Developed protocols, assessment tools, and guidance documents Disseminated health screening tools Isolation and contact tracing guidelines Decontamination procedures Installed PPE and supplied personal protective gear to employees Working with public health authorities - Sharing best practices Established Smart Start Playbook 313 6#7Health and Safety of Employees is Our #1 Priority A MAGNA (cont.) • Minimizing the impact on our employees Maintaining benefits coverage throughout layoffs Maximizing days at full compensation by utilizing vacation days Engaging emergency wage protection programs and providing top-up payments Providing regular communications with respect to company programs for physical and mental health A MAGNA SOCIAL DISTANCING 6 FEET FREE S . DISTANCING A MAGNA IN THIS TOGETHER #NEWNORMAL SOCIAL DISTANCING SOCIAL 6 FEET . 7#8Experienced Senior Management Team • Highly coordinated response . • Multiple workstreams formed across disciplines and geographies Entrepreneurial culture drives an ownership mentality Flexing our cost structure while continuing to support our customers . Executive management able to focus on long-term vision for Magna \\MAGNA 8#9Restart of Production • • China OEMs have restarted production Vehicle sales continue to improve We are now fully operational in our facilities Lessons learned being shared globally Europe OEMS in the process of restarting North America Planning on restarts this month Mexico could be a risk Expecting a slow ramp in production in Europe and North America Not seeing significant program delays \\MAGNA 9#10Restart of Production (cont.) • • • Close cooperation with customers, suppliers, local governments, and our employees Smart Start Playbook provides a framework for restarting our facilities Working closely with our supply chain A MAGNA SMART START PLAYBOOK START-UP & CONTINUITY PLANNING An interactive guide for COMID-19 Pandemic Preparedness and Response A MAGNA IN THIS TOGETHER #NEW NORMAL Visit MagNET or Mylife for the latest information and bulletins 10#11Restart of Production (cont.) . \\MAGNA Mercedes Benz G-Class assembly line in Graz, Austria among the first in Europe to successfully restart complete vehicle production WIR SOHAFFEN DAST SICHERHEIT 1 DANKE! AMACHA 11#12Confident in Long-Term Position • Our value creation framework is intact Entrepreneurial culture Leading market positions Global capabilities • Continue to invest for the future • New program launches R&D Industry trends largely unchanged Magna well positioned as highlighted at Investor Day A MAGNA FORTUNE WORLD'S MOST ADMIRED COMPANIES & 12#13Q1 2020 UPDATE \\ MAGNA 13#14Q1-2020 Vehicle Production (incl. impact of COVID-19) A MAGNA Region North America Europe China Global YOY Change in Production -13% -19% -44% -27% Estimated COVID-19 Impact on Magna's Q1 2020 Results: Total Sales EBIT' 1 EBIT impact includes $30 million mainly associated with top-up payments to employees ~$1.1 billion ~$250 million 14#15Significant Volume Declines impact Q1 2020 Sales MAGNA Sales ($Billions) -18% 10.6 Q1 2019 8.7 • Q1 2020 Global LV Production = -27% Organic -14% . COVID-19 (approx. -$1,100M) • Other production and assembly volumes (-) . . • Divestitures, net of acquisitions (-$325M) FX translation (-$152M) End of production of certain programs (-) Net customers price concessions (-) Launch of new programs (+) 15#16Q1 2020 Adjusted EBIT % and Tax Rate Adjusted EBIT Margin % 6.8 -210BP Key Factors • · • 4.7 • • \\MAGNA COVID-19-200BP (-) Lower tooling contribution (-) Operational underperformance at a BES facility (-) Divestiture of FP&C (-) Lower incentive compensation and profit sharing (+) Favourable engineering resolution in CV (+) Favourable Mercedes Benz G-Class mix (+) Q1 2019 Q1 2020 Adjusted Effective Tax Rate % 23.7 34.7 Tax on foreign exchange gains reported for Mexican tax purposes but not for US GAAP 950 BP (-) Q1 2019 Q1 2020 16#17Sales Decline Impacts Q1 2020 Earnings Adjusted Diluted EPS ($) 1.63 0.86 Q1 2019 Q1 2020 \\MAGNA . . Lower Adjusted EBIT due to significant decline in sales (-) Divestiture of FP&C (-) Higher income tax rate (-) Lower share count (+) 17#18Q1 2020 Segment Results (incl. COVID-19 Impact) MAGNA ($Millions, unless otherwise noted) BODY EXT. & STRUCTURES Q1 2019 Q1 2020 POWER & VISION Sales 4,308 3,676 Sales Q1 2019 3,083 Q1 2020 2,523 Adjusted EBIT 363 199 Adjusted EBIT 216 135 Adjusted EBIT % 8.4% 5.4% Adjusted EBIT % 7.0% 5.4% COVID-19 - Sales ~425 COVID-19 - Sales - EBIT margin ~200-250BP - EBIT margin ~300 ~200-250BP SEATING Sales Adjusted EBIT Q1 2019 Q1 2020 COMPLETE VEHICLES Q1 2019 Q1 2020 1,433 1,261 Sales 1,928 1,321 94 40 Adjusted EBIT 28 50 Adjusted EBIT % 6.6% 3.2% Adjusted EBIT % 1.5% 3.8% COVID-19 - Sales EBIT margin ~150 COVID-19 - Sales ~225 ~200-250BP - EBIT margin ~25-50BP 1 It is difficult to determine with a high degree of accuracy the value of sales lost as well as the impact to EBIT specifically as a result of the temporary suspension of production at OEM plants brought on by COVID-19. However, based on our expectations prior to the production suspensions compared to final production levels for the first quarter, we estimate such lost sales to have been approximately $1.1 billion and that Adjusted EBIT was negatively impacted by approximately $250 million. 18#19FINANCIAL STRATEGY \\ MAGNA 19#20. 1 Maintain Strong Capital Allocation Principles Unchanged \\MAGNA Preserve liquidity and high investment grade credit ratings Balance Sheet . Maintain flexibility to invest for growth 2 Invest for Growth Organic opportunities (disciplined capital spending) Innovation Acquisitions that fit product strategy Board approved Q1 2020 dividend 3 Return Capital to Shareholders Stopped share repurchases given ongoing uncertainty Ongoing focus on Free Cash Flow Generation and ROIC 20#21Strong Liquidity Position ($Millions, unless otherwise noted) Available Operating & Term Lines of Credit¹ $3,072 Cash & Cash Equivalents $1,146 Total Available Liquidity (3/31/20) $4,218 Increase in Short Term Revolver (4/13/20)² $700 Pro-forma Total Available Liquidity (3/31/20) ~$4.9 Billion Also Recently Filed $2B Shelf Prospectus A MAGNA 1 Includes global credit facility of $2.75 billion that expires in June 2024 2 We amended our 364-day syndicated revolving credit facility, including to increase the size of the facility from US$300 million to US$1.0 billion and extend its maturity date to April 12, 2021, from June 2020 21#22Conservative Adjusted Debt to Adjusted EBITDA A MAGNA ($Millions, unless otherwise noted) LTM EBITDA Lease Adjustment Other Adjusted EBITDA Debt per Balance Sheet Lease Liability per Balance Sheet Other Adjusted Debt Adjusted Debt / Adjusted EBITDA Q1 2020 $ 3,588 $ 316 (10) $ 3,894 SA $ 3,114 $ 1,804 $ 237 $ 5,155 1.32x 22 22#23No Significant Debt Repayments Until 2022 Estimated Future LTD Principal Repayments' ($Millions) 1 Excludes operating leases 106 338 619 751 1,321 33 33 2020 2021 2022 2023 2024 Thereafter \\MAGNA 23#24Proven Track Record of Returning Capital to Shareholders \\MAGNA 2017-2019 Dividends $1.3B Share Repurchases $4.4B 85 million shares Returned $5.7 B Since 2017 Returned ~$313M in Q1 2020 24#252020 Considerations • Withdrew our Outlook given business uncertainty \\MAGNA . Decremental margin in the low 20% range for balance of the year is reasonable Various puts and takes can impact decrementals, including Q2 top-up payments Working capital expected to be a use of cash as sales increase sequentially • Reasonable to assume we can reduce capital for 2020 by 10-15% 25#26\\ MAGNA POSITIONING FOR THE FUTURE 26#27MAGNA Electrification Lightweighting Autonomy Smart Mobility 27#28Select Technologies Supporting Trends Smart Access Reconfigurable Seating \\MAGNA Battery Frames 28#29Powertrain Electrification is Growing... 3% 4% 2% 5-8% 7-9% \\MAGNA 10-15% 26-29% 11-17% 2019 40% 2025 38-46% 2030 51% 27-29% 11-19% eMobility Market Internal Combustion Engine (ICE) Micro Hybrid: ICE with 12V start/stop functionality & regeneration capability Mild Hybrid: ICE with 48V start/stop functionality, regeneration & boosting capability PHEV/HEV: ICE with high voltage eMachine, full electric driving, external charging EV: No ICE; battery or fuel cell electric vehicle Source: Magna OEM Fleet Analysis December 2019 17-19% 28-29% 29 29#30Positioned for Powertrain Electrification HIGH EFFICIENCY DUAL CLUTCH TRANSMISSIONS MAGNA 48V MILD HYBRID DUAL CLUTCH TRANSMISSIONS HIGHLY INTEGRATED eDRIVE SYSTEMS (Low Power) TWIN eDRIVE SYSTEM w/ TORQUE VECTORING ICE & HYBRID STOP-START ECOMAX HIGH EFFICIENCY ACTIVE TRANSFER CASES ELECTRIC DEDICATED HYBRID TRANSMISSIONS HIGHLY INTEGRATED eDRIVE SYSTEMS (Mid Power) Significant Booked eMobility Contracts HIGHLY INTEGRATED eDRIVE SYSTEMS (High Power) 30#31• Positioned to Help Reduce Vehicle Weight Broadest offering of lightweight design and manufacturing solutions \\MAGNA Ability to support OEMs with comprehensive engineering for product and process design . Strong know-how in joining multi-materials Global footprint allows us to win, support and launch either regional or global programs Hot Stamping Casting Composite Liftgates 31#32Autonomy Will Continue to Proliferate 30% 13% 2019 57% 5% 1% 28% 2025 2% \\MAGNA 5% 12% 17% 32% 36% 34% 2030 28% Level 0 Level 1 Level 2 Level 3 Level 4 Level 5 Source: Magna Internal ADAS market forecast December 2019 33#33Magna's ADAS Hardware Building Blocks Front Camera Fre Single and Multi Camera \\MAGNA Ultrasonic Sensors Radar LiDAR Domain Controller 34#3438: Positioned for Smart Mobility Body & Structure Consumer Focused Vehicles Flexible Architecture Mobility Vehicles Providing Services Dr Angle kup \\MAGNA Quic Overlays Zoom View De-Cabin Motoring Vision-only Adv Oume Contel Drowsy Driver Assist Conting Can-Pac Fun Following Distance Indicaton Pedesta ALL Light Deston Taken Recognition High-Bears -Mates Bom Fene C Gupansion Lane Keep Lane Departm Minming Dynamic S Automatic Energy Baking EDR-Evont Cata Pra-Golson Powertrain Seating ADAS/Electronics/ Complete Vehicle Design, Engineering and Assembly Mechatronics 35#35In Summary • Taking step to address current environment Strong liquidity position \\MAGNA • Preparing for restart of production • Continuing to invest for the future . Well positioned for future mobility 36#36APPENDIX \\ MAGNA 37#37Supporting Fight Against COVID-19 MAGNA A number of our facilities producing masks, face shields, gowns, and ventilator components Donating PPE to hospitals, meals to health care workers, and hygiene kits to shelters 19 A MAGNA BLCK GIR ANLISE MASHA A MAGNA personer 38#38NORTH AMERICA New Launches Ramping Up A MAGNA FORD Ford Escape Mercedes-Benz GLE Coupe Ford Maverick Cadillac Escalade Ford Mustang Mach E Jeep Grand Cherokee 3-Row Body Power & Vision Seating 39#39EUROPE New Launches Ramping Up H&NC 402 44 Volkswagen Caddy HV35288 A MAGNA BMW 2-Series Porsche Taycan Cross Turismo Nissan Qashqai Mercedes-Benz GLA Volkswagen ID.4 Body Power & Vision Seating 40#40ASIA New Launches Ramping Up A MAGNA 32474 THEX2 Mercedes-Benz GLB Ford Explorer BMW X2 Cadillac CT4 Geely 05 Chevy Blazer Body Power & Vision Seating 41#41PACE Award for Composite Liftgate . • Lightweight solution debuted on the 2020 Toyota Supra Space frame reinforcement solution enables 10% mass reduction and is first application in the automotive industry Expect significant growth in liftgates going forward Automochac News PACE AWARD Deloitte, APMA Automotive News PACE AWARD Deloitte. APMA LEAD REACH CONNECT 2020 WINNER MAGNA 42#42Q1 2020 Sales Performance vs Market Q1 2020 vs Q1 2019 A MAGNA Unweighted Performance vs Weighted Performance vs Reported Organic Global Production Global Production Body Exteriors & Structures (15%) (14%) 13% 2% Power & Vision (18%) (5%) 22% 11% Seating (12%) (13%) 14% 3% Complete Vehicles (31%) (29%) (2%) (13%) TOTAL SALES (18%) (14%) 13% 2% Unweighted Production Growth (27%) Weighted Production Growth² (16%) 1 Excluding acquisitions net of divestitures and FX movements 2 Calculated by applying Magna geographic sales weighting, excluding Complete Vehicle sales, to regional production 43#43Disciplined Capital Spending Profile Capital Spending ($Billions) \\MAGNA 1.8 1.9 1.7 1.4 % of ~5.25 5.12 Sales 4.04 3.65 2016 2017 2018 2019 44#44Strong Free Cash Flow Generation Free Cash Flow' ($Billions) 1.2 1.1 2016 2017 1.6 2018 2.3 2019 1 Free Cash Flow is Cash from Operating Activities plus proceeds from normal course dispositions of fixed and other assets minus capital spending minus investment in other assets \\MAGNA 45#45Long History of Increasing Dividend Annualized Dividend' ($ per share) 1 Based on Q4 run rate 1.60 1.46 14% CAGR 1.32 1.12 1.00 0.88 0.76 0.64 0.55 0.50 Q410 Q411 Q412 Q413 Q414 Q415 Q416 Q417 Q418 Q419 \\MAGNA 46