Borgwarner, Inc. (BWA) CEO Frederic Lissalde on Q2 2022 Results - Earnings Call Transcript

Borgwarner, Inc. (NYSE:BWA) Q2 2022 Earnings Conference Call August 3, 2022 9:00 AM ET

Company Participants

Patrick Nolan - VP, IR

Frederic Lissalde - President, CEO & Director

Kevin Nowlan - EVP & CFO

Conference Call Participants

John Murphy - Bank of America Merrill Lynch

Emmanuel Rosner - Deutsche Bank

David Kelley - Jefferies

Colin Langan - Wells Fargo Securities

James Picariello - BNP Paribas Exane

Luke Junk - Robert W. Baird & Co.

Rod Lache - Wolfe Research

Noah Kaye - Oppenheimer

Joseph Spak - RBC Capital Markets

Mark Delaney - Goldman Sachs Group

Operator

Good morning. My name is Chelsea, and I will be your conference facilitator. At this time, I would like to welcome everyone to the BorgWarner 2022 Second Quarter Results Conference Call. [Operator Instructions]. I would now like to turn the call over to Patrick Nolan, Vice President of Investor Relations. Mr. Nolan, you may begin your conference.

Patrick Nolan

Thank you, Chelsea. Good morning, everyone. Thank you for joining us today. We issued our earnings release earlier this morning. It's posted on our website, borgwarner.com, on our homepage and on our Investor Relations home page. With regard to our Investor Relations calendar, we will be attending multiple conferences between now and our next earnings release. Please see the Events section of our IR homepage for a full list.

Before we begin, I need to inform you that during this call, we may make forward-looking statements, which involve risks and uncertainties as detailed in our 10-K. Our actual results may differ significantly from the matters discussed today. During today's presentation, we will highlight certain non-GAAP measures in order to provide a clearer picture of how the core business performed and for comparison purposes with prior periods. When you hear us say on a comparable basis, that means excluding the impact of FX, net M&A and other noncomparable items. When you hear us say adjusted, that means excluding noncomparable items. When you hear us say organic, that means excluding the impact of FX and net M&A.

We will also refer to our growth compared to our markets. When you hear us say market, that means the change in light vehicle and commercial vehicle production weighted for our geographic exposure. Please note that we have posted an earnings call presentation to the IR page of our website. We encourage you to follow along with these slides during our discussion.