Annual Information Form Dated March 25, 2021
Annual Information Form MARCH 25, 2021 Magna International Inc. Contents Annual Information Form 2 Forward-Looking Statements 4 Corporate Structure 4 About Magna 6 Our Industry 9 Our Business & Strategy 15 Risk Factors 21 Description of the Business 34 Innovation and Research & Development 37 Capital Structure, Financings & Credit Ratings 40 Directors & Executive Officers 43 Legal Proceedings 44 Other Information 45 Schedules A-1 Appendix 1 – Sustainability Report 2020 26MAR202116283793 Important Information About this Document This Annual Information Form (‘‘AIF’’) provides information about Magna International Inc. (‘‘Magna’’), including its industry, corporate structure, strategy, risk factors relating to its business and operations, products and services, sustainability activities, and other information related to its business activities. Readers should note that in this AIF: • we use the terms ‘‘you’’ and ‘‘your’’ to refer to the shareholder, • sales figures disclosed have been prepared in accordance with while ‘‘we’’, ‘‘us’’, ‘‘our’’, ‘‘company’’ and ‘‘Magna’’ refer to Magna United States Generally Accepted Accounting Principles International Inc. and, where applicable, its subsidiaries; (U.S. GAAP); • we use the term ‘‘Executive Management’’ to refer to our Chief • where we have referred to specific customers or competitors, the Executive Officer, together with all other corporate Executive reference includes the customers’ or competitors’ operating Vice-Presidents; divisions and subsidiaries, unless otherwise stated; • we use the term ‘‘Operating Group management’’ to refer to our • facility and employee figures include certain equity-accounted management within each of the product-based business units operations, unless otherwise indicated; corresponding to the capabilities described in ‘‘Section 6 – • references to our ‘‘Circular’’ refer to our Management Information Description of the Business – Products & Services’’ in this AIF; Circular/Proxy Statement dated March 25, 2021 for our • dollar amounts in this AIF are stated in U.S.
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