BorgWarner : Charging Forward The Next Decade +

Charging Forward

The Next Decade +

Forward-Looking Statements

Statements in this presentation may constitute forward-looking statements as contemplated by the 1995 Private Securities Litigation Reform Act (the "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," "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. Forward-looking statements are subject to risks and uncertainties, many of which are difficult to predict and generally beyond the Company's 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, include, among others: the difficulty in forecasting demand for electric vehicles and our EV 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; 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 COVID- 19/coronavirus ("COVID-19"), including additional production disruptions; the failure to realize the expected benefits of the acquisition of Delphi Technologies PLC that the Company 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 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 original equipment manufacturer ("OEM") customers; commodities availability and pricing; supply disruptions; the uncertainty of the global economic environment; 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 transaction; and the other risks, described in Part I, Item 1A, "Risk Factors," in the Company's Annual Report on Form 10-K for the year ended December 31, 2020. The Company does not undertake any obligation to update any forward-looking statements, except as required by law.

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Intentional Growth for a Sustainable Future

• This high-impact change is a product of our vision and strategy
• Our vision of a clean, energy-efficientworld is as relevant today as ever
• And our accelerated electrification strategy to advance that vision is today's story

	Revenue from EVs
Electric Vehicles	~45%
(% Sales)

>25%

<3%

2021¹20252030

1	Estimate at the midpoint of FY21 guidance	3

Source: BorgWarner estimate

BorgWarner Is Evolving Its Mission

Our mission was focused on balance:

Propulsion System Leader for Combustion, Hybrid and Electric Vehicles

Today and Tomorrow

We're accelerating

toward electrification

We deliver innovative and sustainable mobility solutions for the vehicle market

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We're Moving Electrification to the Forefront of Our Strategy

2021-2025: Accelerating Our Shift

• Significantly shifting our organic investments towards electrification
• More aggressively deploying capital toward M&A
• Steadily optimizing our combustion portfolio, targeting dispositions of products with $3B to $4B in annual revenue

These actions alone expected to lead to

~45%

revenue from EV

by 2030

…and future actions could increase

this further as appropriate

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