Aptiv Plc · NYSE:APTV
Aptiv — Delphi Automotive — Q2 2012 Earnings Presentation
29 slides from Aptiv's earnings presentation, Jul 31, 2012
Slide 1: Second Quarter 2012 Earnings Call
Exhibit 99.2 DELPHI Innovation for the Real World Second Quarter 2012 Earnings Call July 31%, 2012
Slide 2: Forward-Looking Statements
DELPHI Forward-Looking Statements aay This presentation, as well as other statements made by Delphi Automotive ("Delphi or the “Company’). contain forward-looking statements that reflect. when made, the Company's current views with respect to current events and financial performance. Such forward-lo
Slide 3: Business Overview, Financial Results, Q&A
Business Overview @ Q2 2012 in Review @ The Road Ahead Rodney O’Neal Chief Executive Officer Financial Results @ Q2 2012 Results @ Updated 2012 Guidance Kevin Clark Chief Financial Officer Q&A Session Conclusion Rodney O’Neal Chief Executive Officer
Slide 4: Business Overview
CONNECTED ——— DELPHI Innovation for the Real World Rodney O’Neal Business Overview
Slide 5: Financial Highlights
Financial Highlights Ep milling eteepeperistiare aotnta] Q2 2012 Year-over-Year Revenue $3,997 @& (5.1%) 1.3% EBITDA $581 6.8% EBITDA Margin 14.5% t 160 bps Operating Income $468 & 9.3% Operating Margin 11.7% t 150 bps Earnings per Share $1.01 15% Cash Flow Before Financing $335 52%
Slide 6: EuroNCAP
EuroNCAP Vehicles sold in Europe will need automatic emergency braking by 201410 earna five-star Safety rating from EuroNCAP DELPHI ” Innovation for the Real NHS The Insurance Institute for Highway Safety says forwara-collision avoidance technology reduces front-to-rear crashesupto 14% orld
Slide 7: Advanced Technology Solving Real Problems
DELPHI Advanced | nology — Solving r Be cicr ine nent Yantai, China — Delphi signed an agreement with the Chinese government to launch a new diesel fuel injection operation in China Auburn Hills, Ml — Delphi is developing Gasoline Direct Injection Compression Ignition technology
Slide 8: Innovation for the Real World
jon for the Real World Heated Tip Injector Cadillac XTS/ATS/SRX Reconfigurable Cluster
Slide 9: Customer awards and recognition
DELPHI Partner Supplier Award John Deere Automotive Business recognition as the best Electric/Electronic supplier Excellence In Partnership Award Subaru Supplier Quality Excellence Process Certificate for 5“ straight year from Caterpillar Achievement award from Isuzu for zero defects and 100- percen
Slide 10: New Business Bookings Growth
New Business Bookings Growth 7 cy 2011 $23.5B YTD 2012 New Business an 2010 Bookings by Region 7 $19.9B YTD 2012 $15.7B $15 7 $10 $5 $0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dee Note: Bookings = lifetime gross program revenues awarded, based upon expected volumes and pricing
Slide 11: The Road Ahead
The Road Ahead Sen Continue to Provide Customer Solutions — Safety, Fuel Efficiency, In-Vehicle Connectivity Leverage our Global Footprint — Capitalize on Mature and Emerging Market Growth Relentless Focus on Cost Structure — Maintaining Industry Leading Position Execute, Execute, Execute — Continue
Slide 12: Financial Results
CONNECTED ——— DELPHI Innovation for the Real World Kevin Clark Financial Results
Slide 13: Q2 2012 vs. Q2 2011
Q2 2012 vs. Q2 2011 ($ millions, except per share amounts) Q2 2012 Q2 2011 BI(W) Revenue $3,997 $4,213 ($216) Growth % - - (5.1%) / 1.3%! EBITDA $581 $544 $37 EBITDA % 14.5% 12.9% 160 bps Net Income $330 $298 $32 Growth% - - 10.7% Earnings per share $1.01 $0.88 $0.13 Growth % = e 15% Wed. avg. dilut
Slide 14: Revenue Growth
Revenue Growth Q2 ‘12 vs. Q2 ‘11 ($ millions) 129 (10) Q2"11 Price Foreign | Commodity — Divestiture Sales Q2 "12 (1.8%) Exchange Growth Continued Revenue Growth Above Market
Slide 15: Regional Revenue Growth
Regional Revenue Growth Q2 ‘12 vs. Q2 ‘11 ($ millions) Q2 2011 HQ2 2012 I EXiCommodity! Divestiture Adj. aoe 666 Solid Growth in a Challenging Market
Slide 16: EBITDA Growth
EBITDA Growth Q2 ‘12 vs. Q2 ‘11 ($ millions) 107 (32) a2" Price Variable Foreign Sales Performance/ EBITDA (1.8%) Accounting LT| Exchange Growth ‘Other Margin 12.9% Significant Performance Drives EBITDA Growth
Slide 17: Segment Financials
Segment Financials Q2 ‘12 vs. Q2 ‘11 ($ millions) Revenue EBITDA ¢ FXiCommodity/ HA Dhresuture Ach, Ss Q2 2011 mQ2 2012 1,741 A833. 1,309 1,322 ea 764142 g ~ 473 440 EIEA Powertrain E&s Thermal EIEA Powertrain E&s Thermal Margin 12.5% 14.7% 14.4% 16.2% 12.2% 13.2% 9.7% 8.8% Robust EBITDA Margin Expa
Slide 18: Earnings Per Share Growth
DELPHI Innovat R Q2 ‘12 vs. Q2711 $0.03 Reported Share, EBITDA Interest Taxes/Other Q2"11 Repurchase Strong Earnings Per Share Growth
Slide 19: Q2 2012 Cash Flow
Q2 2012 Cash Flow Se ($ millions) ($ millions) EBITDA 581 . . Cash Flow Before Financin Working Capital 113 Capital Expenditures (140) (+62%) Net Cash Interest (39) 335 Cash Taxes (126) 221 Restructuring, net of cash paid (15) Other (39) ‘ : 7 : . Q2"11 Q2"12 Cash Flow before Financing 385 Continued
Slide 20: Solid Balance Sheet
DELPHI Solid Balance. Sheet ($ millions) 3/3112 6/30/12 Cash’ $1,425 $1,535 Return on Net Assets? Debt $2.085 $2.064 (20%) Net Debt $660 $529 38% Debt to LTM EBITDA 1.0x 0.9x 26% Net Debt to LTM EBITDA 0.3x 0.2x Pension Benefit Obligation $694 $671 r ; 1 LTM '11 LTM ‘12 Total Liquidity $2,718 $2,828
Slide 21: Credit Ratings Actions
Credit Ratings Actions April ‘11 March ‘12 July ‘12 Fitch N/A N/A BBB- (Stable) S&P BB BB+ BB+ (Stable) (Stable) (Stable) Moody’s Ba2 Ba1 Ba1 (Stable) (Stable) (Stable) Improving Ratings Outlook
Slide 22: Key 2012 Assumptions
Key 2012 Assumptions Production Volume in 000s 2011 Actual _2012Fest___ Variance Foreign Exchange __ Commodities GMNA 3,084 3,173 3% Calendar Year Ave.|| Calendar Year Ave. Japanese NA 3,727 4,654 25%| Euro 1.26 Copper $3.70/Ib Other NA 6.723 7,503 12%| Mexico 13.4 Aluminum — $0.95/Ib North America
Slide 23: 2012 Guidance
2012 Guidance DELPHI (S millions, except per share amounts) Revenue EBITDA EBITDA % Earnings per share Tax Rate Cash Flow Before Financing Capital Expenditures Q3 2012 Prior 2012 2012 Outlook Outlook Qutlook 3,650 - 3,750 16,200-16,500 15,600-15,900 450 - 500 2,175-2,250 2,175-2,250 12.3% - 13.3% 13
Slide 24: Conclusion
CONNECTED ——— DELPHI Innovation for the Real World Rodney O’Neal Conclusion
Slide 25: Appendix
CONNECTED —— DELPHI Innovation for the Real World Appendix
Slide 26: Cash Flow Statement
DELPH Innovation for the Re ($ Millions) Q2 2012 Q22011 Cash flow from operating activities: Net income 316 Depreciation/Amortization 116 Working Capital (17) Other operating activities (72) Cash flow from investing activities: Capital Expenditures (111) Purchase/Maturity of time deposits - Other in
Slide 27: EBITDA Reconciliation
DELPHI Innovation fo: ($ Millions) Q2 2012 Q2 2011 Not $330 Income Tax Interest Expense Other (Income)/Expense, net Non-controlling Interest Equity (Income)/Loss, net of tax Depreciation & Amortization $98 $33 $(5) $20 $(8) $113 $581
Slide 28: Shares Outstanding
DELPHI Shares Outstandii td TTS . Innovation for a (Millions) Quarter-ended Quarter-ended 6/30/12 6/30/11 Weighted average ordinary shares outstanding as result of the initial public offering: 328.24 328.24 Repurchase of Class B membership interests (Weighted average) - 9.54 Executed share repurchas
Slide 29: Innovation for the Real World
DeELPFI Innovation for the Real World