Borgwarner Inc at Robert W Baird Global Industrial Conference Transcript

Nov 10, 2022 / 04:15PM GMT
Luke L. Junk - Robert W. Baird & Co. Incorporated, Research Division - Senior Research Analyst

We'll go ahead and kick it off. Thanks for joining us. My name is Luke Junk. I cover vehicle, tech and mobility for Baird. We're very pleased to have BorgWarner here with us this morning. $9 billion market cap. Borg is aggressively pivoting into electrification, which is expected to comprise more than 25% of sales by mid-decade.

Joining us today, we have Fred Lissalde, CEO; and Kevin Nowlan, CFO. We have 30 minutes for this session. I'll do my best to work in any questions that you've got. You can send those to [email protected]. With that, let's jump right into things.

Fred, given that this is an industrial conference, now all the audience likely familiar with your Charging Forward Strategy. Can you just walk us through the key elements of the strategy and where you stand today?

Frederic B. Lissalde - BorgWarner Inc. - President, CEO & Director

Absolutely. And good morning, everyone. Back in March 2021, we announced our challenging

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