Mr. Pat D'Eramo reports

MARTINREA INTERNATIONAL INC. PUBLISHES 2023 SUSTAINABILITY REPORT

Martinrea International Inc. has released its 2023 sustainability report. This report showcases Martinrea's commitment to environmental, social and governance (ESG) by featuring sustainability achievements over the past year and the company's strategy for further improvement.

"As a company, our people recognize the need to truly make a difference and 'leave it better' is going to require innovative thinking and creativity," said Pat D'Eramo, chief executive officer. "By utilizing our expertise in product development and lightweighting technologies, we are committed to advancing our sustainability initiatives, helping to decrease global carbon emissions and remain ahead of market changes."

"Our sustainability and success also comes down to culture, as emphasized in our 2023 sustainability report," said Rob Wildeboer, executive chairman. "It's this culture that not only makes us a great company but also solidifies our competitive advantage, enabling us to truly 'leave it better' for generations to come."

The 2023 sustainability report highlights various achievements and notable accomplishments, including:

• In 2022, Martinrea committed to reduce its carbon emissions by 35 per cent by 2035. To reach this goal, Martinrea is focusing on energy optimization projects throughout all its plants and gradual global expansion of renewable electricity sources while not relying on purchasing carbon offset credits.
• Martinrea cut energy intensity by 23 per cent and carbon intensity by 32 per cent and reduced absolute carbon emissions by 6 per cent since its 2019 baseline, highlighting the company's sustainability initiatives and environmental responsibility.
• Martinrea further contributed to reducing its carbon emissions by installing on-site solar panels at its facilities in Spain. This instalment enables Martinrea to utilize renewable energy to help power its operations.
• Martinrea received a B-minus for CDP climate change disclosure, in recognition of the company's management of climate issues. This score surpasses not only the North American regional average but also the metal product manufacturing sector average.
• Martinrea has demonstrated its commitment to responsible waste management by diverting more than 90 per cent of all waste from landfills in 73 per cent of its facilities. Martinrea's companywide Zero Landfill initiative is making significant progress in minimizing its environmental impact.
• Martinrea achieved a 12.2-per-cent increase in sales in 2023, demonstrating the company's capacity for prudent and profitable growth. Adjusted net income also increased by 24.6 per cent, while the company's employee count has increased by 3.3 per cent, providing more opportunities to the people in the communities where Martinrea operates.
• Martinrea's accident frequency rate has seen an 87-per-cent improvement since 2014 and a 50-per-cent improvement since 2019. This underscores the company's unwavering commitment to employee health and safety as Martinrea strives to create a secure work environment for all.
• Martinrea was honoured with the 2023 CADIA Impact Award for Systemic Change and also received the Leadership Commitment Award. Martinrea continues to lead in advancing diversity, equity and inclusion goals and initiatives throughout its organization. These awards highlight the company's commitment to fostering a diverse and inclusive workplace culture.

About Martinrea International Inc.

Martinrea International is a leader in the development and production of quality metal parts, assemblies and modules, fluid management systems, and complex aluminum products focused primarily on the automotive sector. Martinrea operates in 56 locations in Canada, the United States, Mexico, Brazil, Germany, Slovakia, Spain, China, South Africa and Japan. Martinrea's vision is making lives better by being the best supplier it can be in the products it makes and the services it provides.

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