Slide 1: SMBC's Annual Auto Summit
September 12, 2023 APTIV SMBC’s Annual Auto Summit Bob Hoeppner Vice President, Corporate Controller & Treasurer Evan Goss Senior Manager, Investor Relations
Slide 2: Forward Looking Statements
Forward Looking Statements This presentation, as well as other statements made by Aptiv PLC (the “Company”), contain forward-looking statements that reflect, when made, the Company’s current views with respect to current events, certain investments and acquisitions and financial performance. Such fo
Slide 3: Aptiv Today
Aptiv Today 2022 FINANCIALS LEADING PORTFOLIO ALIGNED WITH INDUSTRY MEGATRENDS… $ Billions, except per share amount SAFE GREEN CONNECTED A FUTURE WITH A FUTURE WITH A FUTURE WITH SEAMLESS ZERO ACCIDENTS ZERO EMISSIONS CONNECTIVITY $17.5 REVENUE …ENABLING THE FUTURE OF MOBILITY $2.2 EBITDA LEADING AD
Slide 4: Uniquely Positioned To Create Long-Term Value
Uniquely Positioned To Create Long-Term Value UNIQUE PORTFOLIO AND EXECUTION FOCUS DELIVERING A TRACK RECORD OF OUTPERFORMANCE MEGATRENDS RIGHT STRATEGY, RIGHT UNIQUE FULL EXPANDING COMPETITIVE POSITIONED FOR ACCELERATING PORTFOLIO SYSTEM SOLUTIONS MOAT OUTPERFORMANCE Consumer expectations and Optim
Slide 5: Built The Right Portfolio
Built The Right Portfolio INTELLIGENT CAPITAL DEPLOYMENT LEVERAGING ORGANIC AND INORGANIC INVESTMENTS 2011 Exited Thermal, Mechatronics, Reception Systems 2014 2017 2022 IPO Cloud / Offboard Pre-production vehicle data Edge platforms for connected vehicles Fleet analytics Services Cloud Internal Dev
Slide 6: Strategy Supports Path To 2030
Strategy Supports Path To 2030 DRIVING SUSTAINABLE OUTPERFORMANCE TODAY AND IN THE FUTURE STRATEGY STAYS THE SAME TECHNOLOGY & CAPABILITY AREAS EVOLVE Executing on current platforms and strengthening our business Leveraging full system capabilities and investments to capitalize on market and foundat
Slide 7: Industry Leading Portfolio
Industry Leading Portfolio ADVANCED TECHNOLOGIES ALIGNED TO SAFE, GREEN AND CONNECTED MEGATRENDS ADVANCED SAFETY & USER EXPERIENCE SIGNAL & POWER SOLUTIONS DEEP DOMAIN EXPERTISE ENABLING THE TRANSITION TO ONLY ARCHITECTURE PROVIDER CAPABLE OF OPTIMIZING SOFTWARE-DEFINED VEHICLES AT A FULL SYSTEM LEV
Slide 8: Aptiv Sustainability
Aptiv Sustainability INTEGRAL TO PRODUCTS WE CREATE AND WAY WE DO BUSINESS 7 SMBC Auto Summit | September 12, 2023 | Aptiv
Slide 9: Financial Track Record & Performance
FINANCIAL TRACK RECORD & PERFORMANCE 8 SMBC Auto Summit | September 12, 2023 | Aptiv
Slide 10: Strengthening Credit Profile Over Time
Strengthening Credit Profile Over Time PROACTIVE PORTFOLIO MANAGEMENT POSITIONING APTIV FOR CONTINUED GROWTH 2012 2015 2022 S&PS 43% S&PS 53% AS&UX 17% S&PS 74% PRODUCT PORTFOLIO POWERTRAIN 30% AS&UX 18% AS&UX 26% POWERTRAIN 29% THERMAL 10% GROWTH OVER MARKET (1)% +5% +11% Reported Revenue $15.5B $1
Slide 11: Relentless Cost Structure Optimization
Relentless Cost Structure Optimization STRONG OPERATING LEVERAGE DRIVEN BY FLEXIBLE AND EFFICIENT COST STRUCTURE FLEXIBLE IMPROVED COST ADJUSTED EBITDA3 BUSINESS MODEL STRUCTURE BREAKEVEN • Flexible business model funds growth • Continued rollout of standardized processes • Relentless focus on drivi
Slide 12: Increasing Cash Flow Generation
Increasing Cash Flow Generation HIGHLY DISCIPLINED CAPITAL DEPLOYMENT RESULTS IN STRONG CASH FLOW CONVERSION STRATEGIC FRAMEWORK OPERATING CFBF1 & CASH Profitable growth with the right customers & CASH FLOW CONVERSION2 platforms ($M) ($M) Leveraging industry-leading operating model to 84% drive
Slide 13: Well-Laddered Debt Maturity Profile
Well-Laddered Debt Maturity Profile NO NEAR-TERM MATURITIES UNTIL 2025 DEBT MATURITY PROFILE OUTSTANDING DEBT • ~15 years weighted average debt maturity 2.396% 3NC1 3.10% Sr Notes • 3.1% weighted average rate $700 $1,500 • 2.0x Net Debt / Adj. EBITDA 4.15% Sr Notes 3.25% Sr Notes $1,000 LIQUIDITY 1.
Slide 14: Capital Deployment Track Record
Capital Deployment Track Record CASH DEPLOYMENT FOCUSED ON VALUE ENHANCING ORGANIC AND INORGANIC INVESTMENT OPPORTUNITIES DISCIPLINED CAPITAL DEPLOYMENT TRACK RECORD M&A TRACK RECORD PURCHASE REVENUE1 SYNERGIES2 PRICE CASH RETURNED MERGERS & $3.5B $360M ~$125M TO SHAREHOLDERS ACQUISITIONS ~30% ~40%
Slide 15: Summary
Summary CONTINUED EXECUTION DRIVING SUSTAINABLE VALUE CREATION STRONG UNDERLYING BUSINESS PERFORMANCE RIGHT • Robust growth across our safe, green and connected portfolio PORTFOLIO • Expanding our competitive moat and key capabilities to win RIGHT DISCIPLINED CAPITAL DEPLOYMENT STRATEGY • Strong ope
Slide 16: Aptiv Overview
Aptiv Overview
Slide 17: Non-US GAAP Financial Metrics
Non-US GAAP Financial Metrics ($ millions) 2022 2015 2012 Net income attributable to Aptiv 594 1,450 1,077 Interest expense 219 127 136 Income tax expense 121 263 212 Net (loss) income attributable to noncontrolling interest (3) 85 83 Net loss attributable to redeemable noncontrolling interest (1) -
Slide 18: Non-US GAAP Financial Metrics
Non-US GAAP Financial Metrics ($ millions) 2022 Cash flows from operating activities: Net income 590 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization 762 Restructuring expense, net of cash paid 18 Working capital (618) Pension contributi
Slide 19: Non-US GAAP Financial Metrics: Adj. NI Per Share
Non-US GAAP Financial Metrics: Adj. NI Per Share ($ millions, except per share amounts) 2022 Net income attributable to ordinary shareholders 531 Mandatory convertible preferred share dividends 63 Net income attributable to Aptiv 594 Adjusting items: Amortization 149 Restructuring 85 Other acquisiti