Magna International 2024 Outlook Updated: Expects Sales Of $42.6B-$44.2B (Prior $43.8B-$45.4B) Vs $44.443B Est, Sees Adj. Net Income Of $1.5B – $1.7B (Prior $1.6B-$1.8B)

Updated 2024 Outlook     Current(2)  Previous Segment Sales  Body Exteriors & Structures   Power & Vision         Seating Systems   Complete Vehicles     $17.3 – $17.9 billion $15.4 – $15.8 billion $5.4 – $5.7 billion $5.0 – $5.3 billion   $17.4 – $18.0 billion $15.8 – $16.2 billion $5.5 – $5.8 billion $5.6 – $5.9 billion Total Sales   $42.6 – $44.2 billion  $43.8 – $45.4 billion       Adjusted EBIT Margin(3)   5.4% – 6.0%  5.4% – 6.0%       Equity Income (included in EBIT)   $120 – $150 million  $120 – $150 million       Interest Expense, net   Approximately $230 million  Approximately $230 million       Income Tax Rate(4)   Approximately 22%  Approximately 21%       Adjusted Net Income attributable to Magna(5)   $1.5 – $1.7 billion  $1.6 – $1.8 billion       Capital Spending   $2.4 – $2.5 billion  Approximately $2.5 billion