Magna International Inc.: Magna Announces First Quarter 2021 Results Global light vehicle production was up 18% driven by an 87% increase in China Income from operations before income taxes increased 109% Adjusted EBIT was up 91% Diluted earnings per share and adjusted diluted earnings per share increased 136% and 116%, respectively Increased 2021 outlook to reflect modestly higher sales and Adjusted EBIT margin expectations AURORA, Ontario, May 06, 2021for full first quarter Financial Statements and MD&A. THREE MONTHS ENDED $ 0.86 All results are reported in millions of U.S. dollars, except per share figures, which are in U.S. dollars (1) Adjusted EBIT and Adjusted diluted earnings per share are Non-GAAP financial measures that have no standardized meaning under U.S. GAAP, and as a result may not be comparable to the calculation of similar measures by other companies. A reconciliation of these Non-GAAP financial measures is included in the back of this press release.