BorgWarner Inc. (BWA) CEO Frédéric Lissalde on Q1 2022 Results - Earnings Call Transcript

Start Time: 09:30 January 1, 0000 10:27 AM ET

BorgWarner Inc. (NYSE:BWA)

Q1 2022 Earnings Conference Call

May 04, 2022, 09:30 AM ET

Company Participants

Frédéric Lissalde - President and CEO

Kevin Nowlan - EVP and CFO

Patrick Nolan - VP, IR

Conference Call Participants

Colin Langan - Wells Fargo

Aileen Smith - Bank of America Merrill Lynch

Noah Kaye - Oppenheimer

Rod Lache - Wolfe Research

Emmanuel Rosner - Deutsche Bank

Brian Johnson - Barclays

Dan Levy - Credit Suisse

James Picariello - BNP Paribas

Mark Delaney - Goldman Sachs

Gavin Kennedy - Jefferies

Operator

Good morning. My name is Jerome, and I will be your conference facilitator. At this time, I would like to welcome everyone to the BorgWarner 2022 First Quarter Results Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question-and-answer period. [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, Jerome. Good morning everyone and thank you for joining us today. We issued our earnings release earlier this morning. It's posted on our Web site, borgwarner.com, on both our home page and 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 home page 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 during this call. During today's presentation, we will highlight certain non-GAAP measures in order to provide a clearer picture of how the core business performs 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 non-comparable items. When you hear us say adjusted, that means excluding non-comparable 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 market. When you hear us say market, that means the change in light and commercial vehicle production weighted for our geographic exposure. Please note that we posted an earnings call presentation to the IR page of our Web site. We encourage you to follow along with these slides during the discussion.