Aptiv Plc · NYSE:APTV
Aptiv — Delphi Automotive — Deutsche Bank Global Auto Industry Conference 2014
22 slides from Aptiv's conference presentation, Jan 14, 2014
Slide 1: Deutsche Bank Global Auto Industry Conference
Deutsche Bank Global Auto Industry Conference January 14, 2014 Exhibit 99.1
Slide 2: Forward-looking statements
Forward-looking statements 2 This presentation, as well as other statements made by Delphi Automotive PLC (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-looking statement
Slide 3: Rodney O'Neal, Chief Executive Officer and President
Rodney O’Neal Chief Executive Officer and President
Slide 4: 2013 highlights: Increased shareholder value
2013 highlights 4 Increased shareholder value • Further rotated Western European footprint • MVL integration running ahead of schedule • Expanded margins and increased earnings • Returned significant cash to shareholders • Upgraded to investment grade by S&P and Fitch
Slide 5: 2014 environment: Market dynamics appear to be positive
2014 environment 5 Market dynamics appear to be positive • Underlying trends in vehicle production are positive • OEMs developing and launching more global platforms • Continued strong demand for increased fuel efficiency • Increased demand for active safety • Increased interest in automated driving
Slide 6: 2014 priorities: Further increase shareholder value
2014 priorities 6 Further increase shareholder value • Disciplined above market revenue growth • Further optimize operating footprint • Accelerate introduction of advanced technologies • Further expand margins and increase earnings • Disciplined capital allocation
Slide 7: Revenue growth across all segments
7 Revenue growth across all segments 2014 priorities Disciplined revenue growth • Increased vehicle production • Continued growth in new products Gasoline Direct injection (GDi) Diesel Common Rail Connected Safety Systems • Continued strong growth in China
Slide 8: Continuing to rotate footprint
Continuing to rotate footprint 8 2014 priorities Optimize operating footprint • Rationalizing cost structure Rotating footprint from W. Europe to E. Europe and N. Africa • Adding capacity to support growth Expansion in China
Slide 9: Introduction of advanced technologies driving revenue growth
9 Introduction of advanced technologies driving revenue growth 2014 priorities Accelerate introduction of advanced technologies ErgoMate™ Connection System Aluminum Cable Airbag Squib AK2 Connection System Ammonia (NH3) Sensor Heated Tip Cold Start System Heavy Duty Diesel Common Rail Systems RACam
Slide 10: 2014 Consumer Electronics Show
10 2014 Consumer Electronics Show Featuring our technology solutions
Slide 11: Kevin Clark, Executive Vice President and Chief Financial Officer
Kevin Clark Executive Vice President and Chief Financial Officer
Slide 12: 2013 highlights: New business bookings
2013 highlights New business bookings 12 Further increase shareholder value Continued strong bookings momentum 2013 bookings by region North America 34% Europe 33% Asia 29% South America 4% $13.6 $19.9 $23.5 $26.3 $26.6 2009 2010 2011 2012 2013 Note: Bookings = lifetime gross program revenues awarde
Slide 13: Delivering solid financial results
13 Operating income1 Revenue $15.5 $16.4 2012 2013 guidance EPS1 Operating income margin1 Delivering solid financial results $3.84 $4.30 2012 2013 guidance $ billions 1. Adjusted for restructuring and acquisition-related integration costs Note: 2013 data represents the midpoint of current Delphi gui
Slide 14: Industry-leading financial metrics
EBIT margin EBITDA margin 5.3% 7.8% 11.1% Peer range Peer average Delphi consensus 12.3% Industry-leading financial metrics 14 2013 highlights Financial metrics comparison ROIC 12% 18% 33% 21% Peer range Peer average Delphi consensus FCF % to EBIT Note: Range and averages are for a peer group consis
Slide 15: Guidance assumptions
2014 priorities Guidance assumptions 15 Macro environment improving • Global vehicle production increasing ~3% North America increasing ~4% Europe increasing ~1% China increasing ~9% South America increasing ~5% • FX and commodity rates expected to be relatively stable Source: December 2013
Slide 16: 2014 Guidance
Revenue $17,200 - $17,600 Growth % ~6% Operating income1 $1,950 - $2,050 Operating income % 11.3% - 11.6% EPS1 $4.70-$4.95 Growth % ~12% Average share count 309 Cash flow before financing $1,100 Capital expenditures $800 Tax rate 18% 16 2014 priorities Guidance 1. Adjusted for restructuring and acqu
Slide 17: Disciplined capital allocation
Drives additional shareholder value 2014 priorities Disciplined capital allocation 17 • Increase annual dividend payout from $0.68 to $1.00 per share Increase of approximately 50% Total spend of $310M • Board authorized a new $1.0 billion share repurchase program ~$200M remaining on current $7
Slide 18: 2014 priorities: Further increase shareholder value
2014 priorities 18 Further increase shareholder value • Disciplined above market revenue growth • Further optimize operating footprint • Accelerate introduction of advanced technologies • Further expand margins and increase earnings • Disciplined capital allocation
Slide 19: Appendix
Appendix
Slide 20: Non-US GAAP financial metrics
20 2012 Net income attributable to Delphi $1,077 Income tax expense $212 Interest expense $136 Other income, net ($5) Noncontrolling interest $83 Equity income, net of tax ($27) Restructuring $171 Asset impairments $15 Other acquisition-related costs $9 Adjusted operating income $1,671 Revenue $15,5
Slide 21: Adjusted net income per share reconciliation
21 2012 Net income attributable to Delphi $1,077 Adjusting items Restructuring charges $171 Acquisition-related integration costs $9 Acquisition-related advisory and transaction costs $13 Asset impairments $15 Debt extinguishment costs $1 Tax impact of adjusting items (a) ($45) Adjusted net income a
Slide 22: Delphi: Innovation for the Real World
DELPHI Innovation for the Real World
Delphi Automotive — Deutsche Bank Global Auto Industry Conference 2014 on 6ix