Magna International Inc. · TSX:MG
Magna International — Q3 2025 Earnings Presentation
32 slides from Magna International's earnings presentation, Oct 31, 2025
Slide 1: Third Quarter 2025 Results Webcast
October 31, 2025 Third Quarter 2025 Results Webcast THIRD QUARTER 2025 RESULTS WEBCAST 1
Slide 2: Vice President, Investor Relations Louis Tonelli
THIRD QUARTER 2025 RESULTS WEBCAST 2 Vice President, Investor Relations Louis Tonelli
Slide 3: Forward-Looking Statements
THIRD QUARTER 2025 RESULTS WEBCAST 3 Forward - Looking Statements Certain statements in this document constitute "forward - looking information" or "forward - looking statements" (collectively, "forward - looking statements") . Any such forward - looking statements are intended to provide informatio
Slide 4: Forward-Looking Statements (cont.)
THIRD QUARTER 2025 RESULTS WEBCAST 4 Forward - Looking Statements (cont.) Forward - looking statements are based on information currently available to us and are based on assumptions and analyses made by us in light of our experience and our perception of historical trends, current conditions and ex
Slide 5: Reminders
THIRD QUARTER 2025 RESULTS WEBCAST 5 All amounts are in U.S. Dollars Today's discussion excludes the impact of other expense (income), net ("Unusual Items") and amortization of acquired intangible assets. Please refer to the reconciliation of Non - GAAP measures in our press release dated October 31
Slide 6: Chief Executive Officer Swamy Kotagiri
THIRD QUARTER 2025 RESULTS WEBCAST 6 Chief Executive Officer Swamy Kotagiri
Slide 7: Key Takeaways
THIRD QUARTER 2025 RESULTS WEBCAST 7 Key Takeaways Strong Q3 financial performance, reflecting continued solid execution • YoY: Sales +2%, Adj. EBIT +3%, Adj. Diluted EPS +4%, FCF +$398 million • Results above our expectations, with strong incremental margins on the higher sales and better cash conv
Slide 8: New Complete Vehicle Assembly Business with China-based OEMs
THIRD QUARTER 2025 RESULTS WEBCAST 8 Awarded Business with XPENG • Marks the first Chinese automaker to utilize Magna’s complete vehicle operations to serve European market • Magna to assemble two fully electric vehicle models; serial production SOP Q3 2025 Business Win with second China - based OEM
Slide 9: Continue to Launch New Technologies
THIRD QUARTER 2025 RESULTS WEBCAST 9 • Hybrid drive with leading China - based OEM • New 800V solution offers consumers efficiency, versatility and comfort • Comprehensive driveline book of business across all powertrain configurations (ICE, mild hybrid, high - voltage hybrid, EV) • Satisfying growi
Slide 10: Updated 2025 Outlook – Key Assumptions
THIRD QUARTER 2025 RESULTS WEBCAST 10 Updated 2025 Outlook – Key Assumptions October 2025 August 2025 2024 Light Vehicle Production: (millions of units) 15.0 14.7 15.396 • North America 16.6 16.6 16.846 • Europe 31.5 30.8 30.534 • China Foreign Exchange Rates: 0.717 0.715 0.730 • 1 CDN dollar equals
Slide 11: Updated 2025 Outlook
THIRD QUARTER 2025 RESULTS WEBCAST 11 Updated 2025 Outlook October 2025 August 2025 2024 ($Billions, unless otherwise noted) 41.1 – 42.1 40.4 – 42.0 42.836 Sales 5.4% – 5.6% 5.2% – 5.6% 5.4% Adjusted EBIT Margin % 1 105M – 130M 75M – 105M 101 Equity Income (included in Adj. EBIT) ~215M ~210M 211 Int
Slide 12: New CFO Named
THIRD QUARTER 2025 RESULTS WEBCAST 12 • Phil Fracassa named CFO in September • Twenty years spent with The Timken Company, where he served as CFO for more than a decade • Extensive automotive and industrial sector experience, and a proven track record of driving profitable growth and shareholder val
Slide 13: Executive Vice President & Chief Financial Officer Philip Fracassa
THIRD QUARTER 2025 RESULTS WEBCAST 13 Executive Vice President & Chief Financial Officer Philip Fracassa
Slide 14: Q3 2025 Performance Highlights
THIRD QUARTER 2025 RESULTS WEBCAST 14 Q3 2025 Performance Highlights Consolidated Sales $10.5B Weighted GoM 1 of - 5% ( - 4% excl. Complete Vehicles) +2% Adjusted Diluted EPS $1.33 +4% Free Cash Flow 2 $572M 1 Weighted Growth over Market (GoM) compares organic sales growth (%) to vehicle production
Slide 15: Q3 2025 Financial Results
THIRD QUARTER 2025 RESULTS WEBCAST 15 Q3 2025 Financial Results Weighted Sales GoM 1 - 5% ( - 4% excl. Complete Vehicles) Q3 2025 LV Production +3% Global +6% North America +7% Detroit - based +4% Europe +4% China +5% Magna - Weighted 1 Weighted Sales Growth over Market ( GoM ) compares organic sale
Slide 16: Q3 2025 Financial Results
THIRD QUARTER 2025 RESULTS WEBCAST 16 Q3 2025 Financial Results 0.65% 0.30% 0.00% - 0.50% - 0.35% 5.8% 5.9% Q3 2024 Operational Equity Income Volumes & Other Discrete Items Tariffs Q3 2025 $613 $594 Adjusted EBIT & Margin ($Millions and %) Note: bps changes are approximate 1 Operational • Operationa
Slide 17: Q3 2025 Financial Results
THIRD QUARTER 2025 RESULTS WEBCAST 17 Q3 2025 Financial Results Change Q3 2025 Q3 2024 ($Millions, unless otherwise noted) 182 10,462 10,280 Sales 19 613 594 Adjusted EBIT (11) 65 54 Interest Expense 8 548 540 Adjusted Pre - Tax Income 2 (145) (147) Adjusted Income Taxes (4) (28) (24) Income Attribu
Slide 18: Q3 2025 Segment Performance
THIRD QUARTER 2025 RESULTS WEBCAST 18 Q3 2025 Segment Performance Q3 2024 Q3 2025 Seating Power & Vision Complete Vehicles Body Exteriors & Structures $4,038 $4,147 $0,000 $0,500 $1,000 $1,500 $2,000 $2,500 $3,000 $3,500 $4,000 $4,500 $273 $305 6.8% 7.4% 0.0 0.0 0.1 0.1 0.2 $0 $50 $100 $150 $200 $25
Slide 19: Q3 2025 Cash Flow and Investment Activities
THIRD QUARTER 2025 RESULTS WEBCAST 19 Q3 2025 Cash Flow and Investment Activities Free Cash Flow 1 ($Millions) 174 572 0 100 200 300 400 500 600 700 Q3'24 Q3'25 1 Free Cash Flow (FCF) is Cash from Operations plus Proceeds from normal course Dispositions of fixed and other assets minus Fixed Asset Ad
Slide 20: Maintaining Strong Balance Sheet
THIRD QUARTER 2025 RESULTS WEBCAST 20 Maintaining Strong Balance Sheet Leverage Ratio (LTM, 30SEP25) ($millions) 7,605 Adjusted Debt 4,053 Adjusted EBITDA 1.88x Adjusted Debt / Adjusted EBITDA Total Liquidity (30SEP25) ($millions) 1,327 Cash 3,417 Available Term & Operating Lines of Credit 4,744 Tot
Slide 21: In Summary: Magna's Performance and Outlook
THIRD QUARTER 2025 RESULTS WEBCAST 21 In Summary: Magna’s Performance and Outlook Strong Q3 financial performance • Better year over year and ahead of our expectations Increasing Outlook • Higher sales range • Raising low end of Adj. EBIT margin range • Increasing Adj. net income attributable to Mag
Slide 22: Q&A
THIRD QUARTER 2025 RESULTS WEBCAST 22 Q&A
Slide 23: THIRD QUARTER 2025 RESULTS WEBCAST 23
THIRD QUARTER 2025 RESULTS WEBCAST 23
Slide 24: Appendix
THIRD QUARTER 2025 RESULTS WEBCAST 24 Appendix
Slide 25: Q3 2025 Reconciliation of Reported Results
THIRD QUARTER 2025 RESULTS WEBCAST 25 Q3 2025 Reconciliation of Reported Results Adjusted (2) (1) Reported Excluding: (1) Other Expense (Income), Net and (2) Amortization of Acquired Intangible Assets $Millions, except for share figures $ 548 $ 27 $ 48 $ 473 Income Before Income Taxes 5.2% 4.5% % of
Slide 26: Q3 2024 Reconciliation of Reported Results
THIRD QUARTER 2025 RESULTS WEBCAST 26 Q3 2024 Reconciliation of Reported Results Adjusted (2) (1) Reported Excluding: (1) Other Expense (Income), Net and (2) Amortization of Acquired Intangible Assets $Millions, except for share figures $ 540 $ 28 $ (188) $ 700 Income Before Income Taxes 5.3% 6.8% %
Slide 27: Q3 2025 vs Q3 2024 Sales Performance vs Market
THIRD QUARTER 2025 RESULTS WEBCAST 27 Q3 2025 vs Q3 2024 Sales Performance vs Market Performance vs Weighted Global Production (Weighted GoM ) Organic 1 Reported (3%) 2% 3% Body Exteriors & Structures (7%) (2%) 0% Power & Vision 4% 9% 10% Seating Systems (17%) (12%) (6%) Complete Vehicles (5%) 0% 2%
Slide 28: Q3 2025 vs Q3 2024 Segment Impact on Adjusted EBIT
THIRD QUARTER 2025 RESULTS WEBCAST 28 Q3 2025 vs Q3 2024 Segment Impact on Adjusted EBIT % of Sales Adjusted EBIT as a Percentage of Sales Adjusted EBIT Sales ($Millions) 5.8% $ 594 $ 10,280 3 rd Quarter of 2024 Increase (Decrease) Related to: 0.2% $ 32 $ 109 Body Exteriors & Structures (0.4%) $ (43
Slide 29: Q3 2025 vs Q3 2024 Geographic Sales
THIRD QUARTER 2025 RESULTS WEBCAST 29 Q3 2025 vs Q3 2024 Geographic Sales Q3 2024 Q3 2025 Asia Asia Production 3% China Production 4% $1.57B $1.40B $0.00B $0.20B $0.40B $0.60B $0.80B $1.00B $1.20B $1.40B $1.60B $1.80B $2.00B $5.02B $5.30B $0.00B $1.00B $2.00B $3.00B $4.00B $5.00B $6.00B North Americ
Slide 30: 2025 Segment Adjusted EBIT Margin
THIRD QUARTER 2025 RESULTS WEBCAST 30 2025 Segment Adjusted EBIT Margin 2024 August 2025 Outlook October 2025 Outlook Seating Body Exteriors & Structures Power & Vision Complete Vehicles 7.5% 7.1 - 7.7% 5.3% 5.0 - 5.6% 3.8% 2.4 - 3.0% 2.5% 2.0 - 2.6% 7.4 - 7.7% 2.8 - 3.1% 5.0 - 5.3% 2.8 - 3.1%
Slide 31: Leverage Ratio Q3 2025
THIRD QUARTER 2025 RESULTS WEBCAST 31 Leverage Ratio Q3 2025 ($Millions) $7,478 Debt and Operating Lease Liabilities per Balance Sheet 127 Est. Credit Rating Agency Adjustments $7,605 Adjusted Debt $3,761 LTM EBITDA 292 Est. Credit Rating Agency Adjustments $4,053 Adjusted EBITDA 1.88x Adjusted Debt
Slide 32: THIRD QUARTER 2025 RESULTS WEBCAST 32
THIRD QUARTER 2025 RESULTS WEBCAST 32