Slide 1: Aptiv Investor Outreach
APTIV INVESTOR OUTREACH April 2021
Slide 2: Executive Summary
Executive Summary EXECUTING OUR STRATEGY TO BUILD A MORE SUSTAINABLE BUSINESS – BEFORE, DURING AND AFTER THE DISRUPTIVE IMPACT OF COVID BUILDING A MORE IMPACT OF THE EXECUTIVE SUSTAINABLE BUSINESS COVID-19 PANDEMIC COMPENSATION • Industry-leading Product • Unprecedented 6-Month • Consistently Strong
Slide 3: Building A More Sustainable Business
Building A More Sustainable Business MANAGEMENT AND BOARD OF DIRECTORS ALIGNED ON BUSINESS TRANSFORMATION AND VALUE CREATION TRANSFORMING OUR …RESULTING IN BUSINESS FOUNDATION… SUSTAINABLE VALUE CREATION CREATED INDUSTRY LEADING GROWTH PORTFOLIO TOTAL SHAREHOLDER RETURN 2015 TO 20201 • Improved mark
Slide 4: Proactive Portfolio Actions Since 2015
Proactive Portfolio Actions Since 2015 SMART PORTFOLIO ENHANCEMENTS HAVE POSITIONED APTIV TO THRIVE IN A MORE DYNAMIC ENVIRONMENT ACQUISITIONS / JOINT VENTURE enhancing ACQUISITIONS increasing our scale automated driving & data management capabilities and leverage in engineered components at attract
Slide 5: Human Capital Tightly Aligned to Business Strategy
Human Capital Tightly Aligned to Business Strategy ATTRACTING, DEVELOPING AND RETAINING TOP INDUSTRIAL AND EMERGING TECH TALENT TO DELIVER VISION EXPANDING DIVERSITY OF EXPERIENCE Executive hire examples since 2018 INDUSTRIAL INDUSTRIAL TECH TECHNOLOGY Outsized impact driven by decades of Agility an
Slide 6: Active Board of Directors Engagement
Active Board of Directors Engagement CORPORATE GOVERNANCE ALIGNED TO SHAREHOLDER INTERESTS WITH STRONG PARTNERSHIP BETWEEN BOARD OF DIRECTORS AND MANAGEMENT RISK MANAGEMENT CHARACTERISTICS OF WEEKLY UPDATES FROM OUR CEO AND SIX ADDITIONAL BOARD MEETINGS DURING COVID DIRECTOR NOMINEES DIVERSITY STRAT
Slide 7: Financial Performance Drives Value Creation
Financial Performance Drives Value Creation ROBUST REVENUE AND EARNINGS RELATIVE TO PEERS DRIVES CONSISTENT OUTPERFORMANCE GROWTH PROFITABILITY SHAREHOLDER RETURN Revenue, IHS Production Adjusted EBITDA1 2015 – 2020 Total Shareholder Return (TSR)3 129% | 120 82% Peers2 | 110 | 96 49% Production | 81
Slide 8: Impact of COVID-19
Impact of COVID-19 UNPRECEDENTED INDUSTRY DECLINES FIRST HALF OF 2020 DUE TO COVID-19 ($ millions, except per share amounts) 1H 2020 2H 2020 GLOBAL VEHICLE COVID IMPACT PRODUCTION (36%) (1%) GLOBAL VEHICLE PRODUCTION REVENUE $5,186 $7,880 • (20%) 1Q production decline Adj Growth %1 | GoM (26%) | 10%
Slide 9: Navigating Through The Crisis
Navigating Through The Crisis IMMEDIATE AND DECISIVE ACTIONS TO PROTECT EMPLOYEES, CUSTOMERS AND SHAREHOLDERS FOCUS AREAS MANAGEMENT AND BOARD ACTIONS KEY 2020 RESULTS EMPLOYEE HEALTH & • Plant and facility closures at over 200 sites • Implemented safety protocols and contact tracing technologies $1
Slide 10: Proactive Shareholder Outreach Throughout 2020
Proactive Shareholder Outreach Throughout 2020 INFORMED AND REINFORCED MANAGEMENT AND BOARD OF DIRECTOR DECISIONS DISCUSSION TOPICS SHAREHOLDER FEEDBACK RISK MANAGEMENT DURING THE PANDEMIC • Aptiv Safety Protocols and resuming operations • Clear evidence of extraordinary execution throughout the yea
Slide 11: Incentives Aligned to Long-Term Value
Incentives Aligned to Long-Term Value1 STRONG SHAREHOLDER SUPPORT REFLECTED IN 97.8% 9-YEAR AVERAGE2 SAY-ON-PAY PERFORMANCE BASED LONG-TERM VALUE FOCUSED ACHIEVED THE RIGHT WAY Named Executive Officer Pay Mix Incentives Aligned To Creating Strategic Results Modifier (SRM) Component of AIP SHAREHOLDE
Slide 12: Compensation Governance
Compensation Governance REFLECTS FEEDBACK FROM SHAREHOLDER OUTREACH KEY PRINCIPLES IMPLICATIONS Preserve value for our • Management’s actions preserved and enhanced Aptiv’s financial strength during the COVID-19 pandemic and generated strong returns following the restart of our global operations – i
Slide 13: Board Discretion Restores Motivational/Retentive Impact
Board Discretion Restores Motivational/Retentive Impact WHILE PRESERVING VALUE FOR SHAREHOLDERS TOTAL SHAREHOLDER RETURN1 STRONG MEANINGFUL 6-MO COVID IMPACT SHAREHOLDER COMPENSATION COLLAPSED SHORT & 1-YEAR (2020) VALUE2 REDUCTIONS L-TERM INCENTIVES +37.5% +30.9% 49.6% 50% /10% 65% 3-YEAR TSR CEO/S
Slide 14: Right Plan Adjustments for More Volatile Outlook
Right Plan Adjustments for More Volatile Outlook DESPITE CONTINUED END MARKET UNCERTAINTY, REDUCED MAXIMUM PAYOUT OPPORTUNITY Payout Payout After Application Holistic Plan Changes Before Adjustments1 After Adjustments of Further Discretion 2020 ANNUAL INCENTIVE PLAN 10% 65% Based on Achievement of 2
Slide 15: 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 16: Appendix
Aptiv Investor Outreach, April 2021
Slide 17: YoY Revenue Growth Metrics
YoY Revenue Growth Metrics 1H 2020 2H 2020 2020 Reported net sales % change (28%) 10% (9%) Less: foreign currency exchange and commodities (2%) 2% -% Less: divestitures and other, net -% -% -% Adjusted revenue growth (26%) 8% (9%) 17 Aptiv Investor Outreach, April 2021
Slide 18: Non-US GAAP Financial Metrics
Non-US GAAP Financial Metrics ($ millions) 1H 2020 2H 2020 2020 Net income attributable to Aptiv 1,206 598 1,804 Interest expense 87 77 164 Other expense (income), net 7 (7) - Income tax (benefit) expense (4) 53 49 Equity loss, net of tax 16 67 83 Net (loss) income attributable to noncontrolling int
Slide 19: Non-US GAAP Financial Metrics
Non-US GAAP Financial Metrics ($ millions, except per share amounts) 1H 2020 2H 2020 2020 Net income attributable to ordinary shareholders 1,203 566 1,769 Mandatory convertible preferred share dividends 3 32 35 Net income attributable to Aptiv 1,206 598 1,804 Adjusting items: Restructuring 100 36 13
Slide 20: Shares Outstanding
Shares Outstanding (millions) 1H 2020 2H 2020 2020 Weighted average ordinary shares outstanding, basic 256.77 270.03 263.43 Dilutive shares related to RSUs 0.25 0.62 0.44 Weighted average MCPS Converted Shares 1.57 12.37 6.83 Adjusted weighted average ordinary shares outstanding, including dilutive