Investor Presentaiton

57 ~$3.6bn ~$3.5bn Sustainable Growth and Margin Profile Revenue Outlook ~$3.7bn ~13.8% Adj. EBITDA Margin (1) Outlook 14 - 15% 2023E Market Market Share New Markets/ Regions 2025E 2023E Market Market Share New Markets/ Regions 2025E Third Party Revenue Contract Mfg. to BorgWarner Growth Decline • Secure leadership in alternative fuel technologies Bring all products to all markets Capitalize on profitable share opportunities (1) Non-GAAP metric. See Appendix p. 68 for Adj. EBITDA definition. Growth Neutral Decline Flat R&D expense • Continued productivity and footprint improvements Operational excellence PHINIA

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