Q1 2020 Earnings Overview

2020 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

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