BorgWarner Inc (NYSE:BWA)

$ 31.64 -0.55 (-1.71%) Market Cap: 6.92 Bil Enterprise Value: 9.97 Bil PE Ratio: 8.03 PB Ratio: 1.12 GF Score: 78/100

Borgwarner Inc at Bank of America Automotive Summit Transcript

Apr 05, 2023 / 07:00PM GMT

Release Date Price: $40.81 (-2.17%)

Transcript

John Joseph Murphy

BofA Securities, Research Division - MD and Lead United States Auto Analyst

Thanks for joining us. Our next session is with BorgWarner. We're very happy to have Frederic Lissalde, Chief Executive Officer; and Kevin Nowlan, Chief Financial Officer, with us. BorgWarner is a global powertrain technology leader. They are making the transition, we believe faster than the industry is from ICE to EVs. They don't get a lot of credit for it in their stock. We think they should get a whole lot more over time. In 2021, they outlined their CHARGING FORWARD plan, which was a great plan, I think, to outline the strategy. And are actually executing faster than expected on EV wins. And really making some great acquisitions. One part of it that's a little bit behind schedule, but is being solved later this year. With the spin of some of the ICE assets were intended for sale, but the $3.3 billion in sales there are going to be spun later this year. So the pro forma company will be on track and probably even well ahead of track of the other 2 pillars of the plan. So we're happy to have Fred and Kevin here

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