Investor Presentaiton

Strong Liquidity and Expected Free Cash Flow Generation Enables Disciplined Capital Deployment $733M $767M $500M Additional authorization BorgWarner's Balanced Capital Allocation Approach Since 2020 Buybacks ~$733 million Dividends ~$623 million Market Cap of PHINA at Spin-off ~$1.7 billion ~$3.1 billion $267M Remaining under prior authorization Total Capital Returned Buybacks Completed 2020 through Q1 2024 Current Buyback Authorization 22 BORGWARNER

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