Investor Presentaiton
3
Non-GAAP Financial Measures
This presentation contains information about BorgWarner's financial results that is not presented in accordance with accounting principles generally
accepted in the United States ("GAAP"). Such non-GAAP financial measures are reconciled to their closest GAAP financial measures in the Appendix. The
provision of these comparable GAAP financial measures for 2023 is not intended to indicate that BorgWarner is explicitly or implicitly providing projections on
those GAAP financial measures, and actual results for such measures are likely to vary from those presented. The reconciliations include all information
reasonably available to the company at the date of this presentation and the adjustments that management can reasonably predict.
Management believes that these non-GAAP financial measures are useful to management, investors, and banking institutions in their analysis of the
Company's business and operating performance. Management also uses this information for operational planning and decision-making purposes.
Non-GAAP financial measures are not and should not be considered a substitute for any GAAP measure. Additionally, because not all companies use identical
calculations, the non-GAAP financial measures as presented by BorgWarner may not be comparable to similarly titled measures reported by other
companies.
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