Investor Presentaiton

2023 Expected Outlook and Other Items $ in millions Full-year Net Sales Outlook Market & Earnings Outlook 10.1% 2022 net sales $15,801 Adj. Operating Margin* Organic growth* EV sales 2022 Actual 14% 2023 Outlook 7% to 12% FX $(285) $870M $1.5B to $1.8B Organic net sales change* $1,149 $1,949 eProducts R&D $153M increase $60M to $70M increase Acquisitions impact 13 Adj. diluted EPS* $35 Free cash flow*^ FCF* excl. one-time spin-off costs 2023 net sales 10.0% -10.4% $16,700 $17,500 Adj. Operating Margin* $4.60 $4.50 to $5.00 $846M $550M to $650M $700M to $800M * Adj. operating margin, adj. diluted EPS, free cash flow (FCF) and organic growth on this slide are non-US GAAP measures. See reconciliation to US GAAP in Appendix. ^ Free cash flow includes estimated one-time cash cost of $150M associated with planned separation of Fuel Systems and Aftermarket businesses. Note: FX rates assume ~US$ 1.06 per Euro. * BorgWarner

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