Magnetic forces do not perform work because they are always perpendicular to the motion of the charged particle they act on. However, it is possible to transform the energy stored in a magnetic field into the bulk motion of a conductor carrying a current. I'll give one heuristic.
Consider two long wires running parallel. Give them currents running in the same direction, and hold the wires still for a time that's long compared to the distance between them divided by the speed of light.
Now there is a magnetic field from the first wire at the location of the second and vice versa. The wires attract each other. Once released, they experience an acceleration towards each other.
However, this analysis only holds up until the first moment the wires are released. After that, they are moving towards each other. This motion of the wires entails a motion of the charge they carry - a current. We will need to account for this current.
Say the wires run horizontally on your computer monitor, and the current is to the right. Then the top wire is pulled down, and its current is now mostly to the right and a little bit down. The magnetic field it feels is pointing towards you, out of the monitor. Thus, the force on this top wire points mostly down, but it also points a little bit backwards.
Similarly, the force on the bottom wire is mostly up, but also a little bit backwards. The backwards components of the magnetic forces act to decrease the currents in the wires. If the currents in the wire decrease, the magnetic field gets weaker. In this way energy from the magnetic fields gets converted into the bulk motion of the wires carrying the currents.
The magnetic forces did not actually do any of the work here, though. In the absence of any wire, the charged particles in the magnetic field would like to move in circles. Instead, electrical forces between the particles and the wire they're trapped in forced the particles to stay inside the wire instead. These electrical interactions between the charged particles and the rest of the wire did the work that accelerated the wires towards each other.