BorgWarner Inc. (BorgWarner to Provide New Silicon Carbide Inverter for German OEM’s Electric
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borgwarner.com
Forward-Looking Statements: This presentation may contain forward-looking statements as contemplated by the
1995 Private Securities Litigation Reform Act that are based on management’s current outlook, expectations, estimates
and projections. Words such as “anticipates,” “believes,” “continues,” “could,” “designed,” “effect,” “estimates,”
“evaluates,” “expects,” “forecasts,” “goal,” “guidance,” “initiative,” “intends,” “may,” “outlook,” “plans,” “potential,”
“predicts,” “project,” “pursue,” “seek,” “should,” “target,” “when,” “will,” “would,” and variations of such words and similar
expressions are intended to identify such forward-looking statements. Further, all statements, other than statements of
historical fact contained or incorporated by reference in this presentation that we expect or anticipate will or may occur
in the future regarding our financial position, business strategy and measures to implement that strategy, including
changes to operations, competitive strengths, goals, expansion and growth of our business and operations, plans,
references to future success and other such matters, are forward-looking statements. Accounting estimates, such as
those described under the heading “Critical Accounting Policies and Estimates” in Item 7 of our Annual Report on Form
10-K for the year ended December 31, 2020 (“Form 10-K”), are inherently forward-looking. All forward-looking
statements are based on assumptions and analyses made by us in light of our experience and our perception of
historical trends, current conditions and expected future developments, as well as other factors we believe are
appropriate under the circumstances. Forward-looking statements are not guarantees of performance, and the
Company’s actual results may differ materially from those expressed, projected or implied in or by the forward-looking
statements.
You should not place undue reliance on these forward-looking statements, which speak only as of the date of this
presentation. Forward-looking statements are subject to risks and uncertainties, many of which are difficult to predict
and generally beyond our control, that could cause actual results to differ materially from those expressed, projected or
implied in or by the forward-looking statements. These risks and uncertainties, among others, include: supply
disruptions impacting the us or our customers, such as the current shortage of semiconductor chips that has impacted
original equipment manufacturer (“OEM”) customers and their suppliers, including us; commodities availability and
pricing; competitive challenges from existing and new competitors including OEM customers; the challenges
associated with rapidly-changing technologies, particularly as relates to electric vehicles, and our ability to innovate in
response; uncertainties regarding the extent and duration of impacts of matters associated with the COVID-19
pandemic including additional production disruptions; the failure to realize the expected benefits of the acquisition of
Delphi Technologies PLC that we completed on October 1, 2020; the failure to realize the expected benefits of the
acquisition of AKASOL or a delay in the ability to realize those benefits; the failure to successfully execute on a timely
basis our taking private strategy with respect to AKASOL; the difficulty in forecasting demand for electric vehicles and
our electric vehicles revenue growth to 2030; the ability to identify targets and consummate acquisitions on acceptable
terms; failure to realize the expected benefits of acquisitions; the ability to identify appropriate combustion portfolio
businesses for disposition and consummate planned dispositions on acceptable terms; the failure to promptly and
effectively integrate acquired businesses; the potential for unknown or inestimable liabilities relating to acquired
businesses; our dependence on automotive and truck production, both of which are highly cyclical and subject to
disruptions; our reliance on major OEM customers; fluctuations in interest rates and foreign currency exchange rates;
availability of credit; our dependence on key management; our dependence on information systems; the uncertainty of
the global economic environment; the outcome of existing or any future legal proceedings, including litigation with
respect to various claims; future changes in laws and regulations, including, by way of example, tariffs, in the countries
in which we operate; impacts from any potential future acquisition or divestiture transactions; and the other risks,
including, by way of example, pandemics and quarantines, noted in reports that we file with the Securities and
Exchange Commission, including Item 1A, “Risk Factors” in our most recently-filed Annual Report on Form 10-K and/or
Quarterly Report on Form 10-Q. We do not undertake any obligation to update or announce publicly any updates to or