Magna International Inc Investor Event Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Peter Sklar - BMO Capital Markets Equity Research - Analyst : Swamy, the first thing I wanted to ask you about is your initiatives and your progress in eDrive. So it sounds like that's going to be a big part of your electrification future. And the 2 things I was hoping you could address is, your capabilities or your future plans in eDrive seems to be in pockets. Like you have the partnership with LG, you have the partnership with HASCO, plus you have your own proprietary business. So I'm just wondering how we should look upon that. REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. APRIL 13, 2021 / 12:30PM, MG.TO - Magna International Inc Investor Event And then lastly, I mean, there's going to be a lot of players who are pursuing the eDrive. So if you could talk a little bit more about what advantages Magna has. You kind of inferred in your presentation, because of your -- Magna's long background in 4-wheel drive, all-wheel drive systems, that a lot of that expertise carries over. But I'm wondering if you could just elaborate a little bit further.

Question: Peter Sklar - BMO Capital Markets Equity Research - Analyst : Okay. And then, Vince, just a quick question. On the $600 million of CapEx that you're -- you think you'll be investing in megatrends annually, is that -- like should we look at - the total CapEx level, which has been pretty level the last few years, should we expect that the total CapEx number is going to go up? Or is that just going to be, the composition of the CapEx is going to be changing and more and more of it is going into megatrends?

Question: Peter Sklar - BMO Capital Markets Equity Research - Analyst : Okay. And then Swamy, if I may, just one last question for you, kind of an open-ended question. But now that you've been in the CEO seat for a period of time and have had the opportunity to meet with investors, I'm just wondering, like what in your opinion is the most underappreciated aspects about Magna and your capability in terms of addressing these megatrends and otherwise? I'm just wondering what your -- how you see the prospective investors on Magna.