Martinrea International Inc. (TSX: MRE), a diversified and global automotive supplier engaged in the design, development and manufacturing of highly engineered, value-added Lightweight Structures and Propulsion Systems, today announced the release of its financial results for the third quarter ended September 30, 2020 and that it has declared a quarterly cash dividend of $0.05 per share.

HIGHLIGHTS - Total sales of $971 million; production sales of $933 million - Record third quarter fully diluted net earnings per share of $0.57 - Quarterly adjusted operating income(1) margin of 7.8%, above year-ago levels - Balance sheet ended the quarter strong, with a reduction in net debt during the quarter of over $100 million - Production volumes recovering more quickly than expected following the industry-wide COVID-19 shutdowns earlier this year - Strong fourth quarter anticipated - Dividend of $0.05 per share declared

CONFERENCE CALL DETAILS

A conference call to discuss the financial results will be held on Wednesday, November 11, 2020 at 5:30 p.m. (Toronto time) which can be accessed by dialing 416-641-6104 or toll free 800-952-5114 (participant code 4636275#). Please call 10 minutes prior to the start of the conference call. A webcast of the Q3 slide presentation will be available in listen-only mode at the following link https://bell.mediaserver.com/mmc/p/c5aq96dh beginning at 5:30 p.m. (Toronto time). Please note that to participate in the question and answer session, the dial in numbers and participant code must be used. There will also be a rebroadcast of the call available by dialing 905-694-9451 or toll free 800-408-3053 (conference id -4851137#). The rebroadcast will be available until December 5, 2020. The webcast presentation will be available for replay on the Martinrea website.

Contact:

Tel: 416-749-0314

Fax: 289-982-3001

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