1. Magna International Meeting of Shareholders May 2, 2006 Vincent J. Galifi Executive Vice-President and Chief Financial Officer

2. Overview 2005 highlights 2005 financial results Current environment First quarter results – March 31, 2006 2006 outlook

3. 2005 Highlights Solid financial results Record sales of $22.8 billion Modest decline in earnings per share

4. 2005 Highlights Solid financial results Completed Privatizations Improve strategic positioning Better exploit competencies Re-align product portfolio Avoid duplication of investment

5. Solid financial results Completed Privatizations Rationalization strategy implemented New facility/program launches Mexico supplying stampings for Ford Fusion Kentucky supplying frames for Explorer and F-Series Superduty Georgia supplying fascias for Mercedes M and R class Metz, France supplying stampings for Peugeot 2005 Highlights

6. Solid financial results Completed Privatizations Rationalization strategy implemented New facility/program launches Progress in diversifying customer base Asian and French-based OEMs Acquisition of Car Top Systems (CTS)

7. Solid Stock Performance Source: BMO Nesbitt Burns Total Shareholder Return December 31, 2005 (%) MagnaS&PS&P Auto Parts Index

8. 28% Solid Stock Performance Source: BMO Nesbitt Burns Total Shareholder Return (%) 15% 18% MagnaS&PS&P Auto Parts Index AGM 2005 to AGM 2006

9. 2005 Financial Results December 31, 2005

10. Sales Up 10% in 2005 $ Billions 21% compound sales growth over the last 10 years 10%

11. Vehicle Production North AmericaEurope (4%) Millions of units Sales higher than production growth

12. $731 +17% North America Growth in Content Per Vehicle 2005 New Venture Gear Acquisition Strong Canadian Dollar

13. Growth in Content Per Vehicle $731 +17% North America 2005 $317 Europe +11% New Venture Gear Acquisition

14. Diluted Earnings Per Share Higher commodity costs Investment in new programs and facilities Lower production on key platforms Customer pricing pressures 1.00 2.00 3.00 4.00 5.00 6.00 7.00 8.00 Unusual Items * Excluding unusual items $ 7.23* 6.95* 00

15. $1.5 Billion Strong Operating Cash Flow* Capitalize on Opportunities * Before changes in non-cash working capital $ Millions

16. Investment Spending Capital investments – key drivers for growth Disciplined investment process Best process in industry Realistic assumptions Driving Strong Returns

17. Current Environment Higher commodity costs

18. Indexed Commodity Prices July 2000 March 2006 Sources: CRU, CDI 1994 = 100 SteelPolypropylene

19. Current Environment Higher commodity costs Declining share for key customers

20. U.S. Sales Market Share North American OEMs Asian OEMs European OEMs 1996 - 2005 Source: Merrill Lynch 74% 58%

21. Current Environment Higher commodity costs Declining share for key customers Ongoing OEM pricing pressures

22. Current Environment Higher commodity costs Declining share for key customers Ongoing OEM pricing pressures Financial health of competitors Grow business by targeting winning platforms Vehicle segment shifts

23. Vehicle Segment Shifts Source: CSM Worldwide Small Cars Pickups Vans SUV's Mid-Size Cars CUVs Share of North American Production 0% 5% 10% 15% 20% 25% 30% 200320042005200620072008200920102011

24. Current Environment Higher commodity costs Declining share for key customers Ongoing OEM pricing pressures Financial health of competitors Grow business by targeting winning platforms Vehicle segment shifts Well Positioned in Changing Marketplace

25. First Quarter Results March 31, 2006

26. Record Consolidated Sales 5% $ Billions

27. Vehicle Production North AmericaEurope +4% (3%) Millions of units

28. Growth in Content Per Vehicle North America $759 6% First Quarter 2006

29. Growth in Content Per Vehicle North America $759 6% First Quarter 2006 $343 Europe 8%

30. Diluted EPS $ * Excluding unusual items 1.85* 1.99* 8% Unusual Items

31. Strong Balance Sheet Well Positioned for Profitable Growth Debt to Capitalization

32. 2006 Outlook

33. New Launches - North America

34. New Launches - Europe

35. Magna Well Positioned Solid presence in a competitive industry Strong balance sheet and cash flow Strong returns from investment spending Enhance Shareholder Value