Slide 1: Fourth Quarter 2024 Earnings Call
February 6, 2025 APTIV Fourth Quarter 2024 Earnings Call
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: Fourth Quarter Highlights
Fourth Quarter Highlights STRONG UNDERLYING BUSINESS PERFORMANCE RECORD 4Q BOOKINGS OF $10.18 ACROSS PORTFOLIO REVENUE $4.9B $1 9.7B ° OF INDUSTRY-LEADING ADVANCED —_ 4Q down (1%) | FY down (2%) © 4@ REVENUE |(1%) IMPACTED BY CONTINUED WEAKNESS esITDA $811M $3,097M IN SELECT TION SCHEDULES 4Q Margin
Slide 4: Full Year 2024 Achievements
Full Year 2024 Achievements CONTINUED EXECUTION OF OUR LONG-TERM STRATEGY STRENGTHENING LEADERSHIP POSITIONS AND CAPITALIZING ON SAFE, GREEN, AND CONNECTED MEGATRENDS * Two Gen 6 ADAS platform awards for EMEA and China OEMs + Launching Integrated Cockpit Controller solution for Mahindra + Further ex
Slide 5: Winning Across the Portfolio
Winning Across the Portfolio NEW BUSINESS AWARDS DRIVEN BY PORTFOLIO OF ADVANCED TECHNOLOGIES BOOKINGS Lifetime gross program revenues, $ Billions $34 $32 $24 $18 AS&UX S&PS 2020 2021 2022 2023 $31 2024 $31+ 2025T eS ADVANCED SAFETY & USER EXPERIENCE BOOKINGS $4.4, FY 2024' $39B SINCE 20201 & SIGNAL
Slide 6: Advanced Safety & User Experience
Advanced Safety & User Experience FULL SENSOR-TO-CLOUD TECH STACK WITH PRODUCTIZED, MODULAR SOLUTIONS | ] FY 2024 HIGHLIGHTS 4Q 2024 NEW BUSINESS AWARDS | La REVENUE GROWTH: +2% // MULTI-DOMAIN CENTRAL COMBUTE 7; Solid growth in NA and China, partially offset by Europe “7 SOLUTION ACROSS MULTIPLE PR
Slide 7: Signal & Power Solutions
Signal & Power Solutions ENABLING PROLIFERATION OF SIGNAL, POWER, AND DATA DISTRIBUTION ACROSS INDUSTRIES FY 2024 HIGHLIGHTS 4Q 2024 NEW BUSINESS AWARDS REVENUE GROWTH: (3%) | EDS (6)% | ECG flat MAJOR NORTH = ELECTRICAL ARCHITECTURE AWARD FOR AMERICAN OEM —LIGHT/HEAVY DUTY TRUCK PLATFORM Growth in
Slide 8: Strategic Portfolio Transformation
Strategic Portfolio Transformation PURSUING TAX-FREE SPIN-OFF OF APTIV’S ELECTRICAL DISTRIBUTION SYSTEMS BUSINESS Next step in adapting to evolving landscape and positioning for TRANSACTION DETAILS future success • Spin-off expected to be tax-free to Aptiv and its shareholders for both Swiss and U.S
Slide 9: 2025 Outlook
2025 Outlook STRONG PERFORMANCE IN A DYNAMIC ENVIRONMENT <) 7S see heath ees helo NAVIGATING SHIFTING INDUSTRY BACKDROP... ines mu Five see ... WHILE MAINTAINING SUSTAINABLE LONG-TERM tal GROWTH AND MARGIN EXPANSION DYNAMIC MACRO ENVIRONMENT |" Implementing actions in response to trade/tariff polici
Slide 10: 4Q 2024 vs. 4Q 2023
4Q 2024 vs. 4Q 2023 RECORD QUARTERLY OPERATING INCOME AND CASH FLOW ($ Millions, except per share amounts) 4Q 2024 Fav / (Unfav) COMMENTS REPORTED REVENUE ($12) • Lower vehicle production at select customers $4,907 • Strong Active Safety growth offset by High Voltage & UX Adj. Growth %1 (1%) • EBITD
Slide 11: 4Q 2024 Revenue
4Q 2024 Revenue GROWTH IMPACTED BY LOWER VEHICLE PRODUCTION WITH SELECT CUSTOMERS REVENUE REGIONAL GROWTH $ Millions (1%) Adj 1 N. AMERICA EUROPE CHINA2 ($57) $68 ($23) Adj. Growth1 3% (8%) 4% Vehicle Production (4%) (9%) 8% $4,919 $4,907 4Q 2023 Sales Net Price & Foreign 4Q 2024 Growth Commodities
Slide 12: AS&UX Recap
AS&UX Recap RECORD FULL YEAR AND QUARTERLY REVENUE AND OPERATING INCOME MARGIN 4Q 2024 FY 2024 4Q COMMENTARY $ Millions, % of sales $ Millions, % of sales • Strong vehicle program launches REVENUE1 OPERATING INCOME2 REVENUE1 OPERATING INCOME2 • Solid execution driven by engineering and manufacturing
Slide 13: S&PS Recap
S&PS Recap STRONG MARGIN PERFORMANCE DESPITE TOP-LINE IMPACT FROM SELECT CUSTOMERS 4Q 2024 FY 2024 4Q COMMENTARY $ Millions, % of sales $ Millions, % of sales • Overall revenue impacted by lower production volumes at select customers REVENUE1 OPERATING INCOME2 REVENUE1 OPERATING INCOME2 • Non-auto g
Slide 14: 2025 Macro Overview
2025 Macro Overview EXPECTING FULL YEAR GLOBAL VEHICLE PRODUCTION DOWN 3 PERCENT GLOBAL NORTH AMERICA EUROPE CHINA 36% of Revenue2 33% of Revenue2 21% of Revenue2 Aptiv Revenue Growth1 Aptiv Revenue Growth1 Aptiv Revenue Growth1 Aptiv Revenue Growth1 (3%) 2% (3%) 4% (5%) 1% (4%) (1%) 1Q 2025 FY 2025
Slide 15: 2025 Guidance
2025 Guidance CONSERVATIVE APPROACH TO FULL YEAR OUTLOOK ($ Millions, except per share amounts) 1Q 2025 FY 2025 COMMENTS REPORTED REVENUE $4,635 – 4,835 $19,600 – 20,400 • 1Q: Global vehicle production (5%) Adj. Growth %1 ~(3%) ~2% • FY: AS&UX up mid-SD; ECG up low-SD; EDS flat EBITDA2 $685 – 735 $3
Slide 16: Full Year 2025 Outlook Versus 2024
Full Year 2025 Outlook Versus 2024 CONTINUED PROFITABLE GROWTH AND MARGIN EXPANSION REVENUE OPERATING INCOME1 $ Billions $ Billions, % of Sales ($0.0) ($0.2) $0.2 $0.5 ($0.1) ($0.1) 12.1% 12.0% ($0.4) $0.4 $20.0 $2.4 $2.4 $19.7 2024 Sales Growth Net Price Foreign 2025E 2024 Sales Growth Net Price Fo
Slide 17: Strong Adjusted EPS Growth
Strong Adjusted EPS Growth EARNINGS GROWTH AND PROACTIVE CAPITAL ALLOCATION DECISIONS DRIVING UPSIDE RELEVANT COMMENTARY EARNINGS PER SHARE1 • 17% YoY EPS growth $0.28 • Incremental volume flow-through reflecting a more normalized market environment $0.21 $0.91 ($0.09) • Tax rate reflecting Pillar I
Slide 18: Cash Flow Generation
Cash Flow Generation CONTINUED STRATEGIC CAPITAL DEPLOYMENT OPERATING CASH FLOW BALANCED CAPITAL ALLOCATION $ Billions Capital • Maintenance & growth capex to support new product Expenditures and program launches $0.1 ($0.4) $0.1 • $350M in Term Loan A paid down in Q4 2024 ($0.1) Accelerated • Remai
Slide 19: Summary
ummary es WELL-POSITIONED FOR 2025 AND BEYOND cowie and proactive capital allocation actions (e) SOLID 2024 FULL YEAR EXECUTION Record earnings and cash flow and strong EPS growth reflecting solid operational performance © COMMITTED TO DELIVERING STRONG PERFORMANCE IN 2025 Enabling the transition to
Slide 20: “APTIV:
“APTIV:
Slide 21: Appendix
» APPENDIX
Slide 22: YoY Revenue Growth Metrics
YoY Revenue Growth Metrics 4Q 2024 2024 Reported net sales % change - (2%) Less: foreign currency exchange and commodities 1% - Adjusted revenue growth (1%) (2%) 4Q 2024 2024 Reported Revenue Growth -% (2%) Signal And Power Solutions Reported Revenue Growth (1%) (3%) Advanced Safety And User Experie
Slide 23: Non-US GAAP Financial Metrics: Adjusted OI
Non-US GAAP Financial Metrics: Adjusted OI ($ millions) 4Q 2024 4Q 2023 2024 2023 Net income attributable to Aptiv 268 905 1,787 2,938 Interest expense 107 71 337 285 Other income, net (11) (27) (41) (63) Net loss (gain) on equity method transactions 36 - (605) - Income tax expense (benefit) 64 (680
Slide 24: Non-US GAAP Financial Metrics: Adjusted EBITDA
Non-US GAAP Financial Metrics: Adjusted EBITDA ($ millions) 4Q 2024 4Q 2023 2024 2023 Net income attributable to Aptiv 268 905 1,787 2,938 Interest expense 107 71 337 285 Income tax expense (benefit) 64 (680) 223 (1,928) Net income attributable to noncontrolling interest 6 13 24 28 Net income (loss)
Slide 25: Non-US GAAP Financial Metrics: Adj. NI Per Share
Non-US GAAP Financial Metrics: Adj. NI Per Share ($ millions, except per share amounts) 4Q 2024 4Q 2023 2024 2023 Net income attributable to ordinary shareholders 268 905 1,787 2,909 Mandatory convertible preferred share dividends (a) - - - 29 Net income attributable to Aptiv 268 905 1,787 2,938 Adj
Slide 26: Guidance Metrics: Adjusted Operating Income
Non-US GAAP Financial Guidance Metrics: Adjusted Operating Income ($ millions) 1Q 20251 20251 Net income attributable to Aptiv 235 1,250 Interest expense 95 365 Other income, net (5) (20) Income tax expense 50 280 Equity loss, net of tax 10 50 Net income attributable to noncontrolling interest (a) -
Slide 27: Guidance Metrics: Adjusted EBITDA
Non-US GAAP Financial Guidance Metrics: Adjusted EBITDA ($ millions) 1Q 20251 20251 Net income attributable to Aptiv 235 1,250 Interest expense 95 365 Income tax expense 50 280 Net income attributable to noncontrolling interest (a) - 20 Depreciation and amortization 240 975 EBITDA 620 2,890 Other in
Slide 28: Guidance Metrics: Adjusted NI Per Share
Non-US GAAP Financial Guidance Metrics: Adjusted NI Per Share ($ millions, except per share amounts) 1Q 20251 20251 Net income attributable to Aptiv 235 1,250 Adjusting items: Amortization 50 210 Restructuring 60 175 Other acquisition and portfolio project costs 20 70 Compensation expense related to
Slide 29: Recast Segment Information: 2024
Recast Segment Information: 2024 Revenue, $M 1Q 2024 2Q 2024 3Q 2024 4Q 2024 2024 Electrical Distribution Systems 2,081 2,065 2,035 2,128 8,309 Engineered Components Group 1,596 1,626 1,582 1,580 6,384 Advanced Safety and User Experience 1,429 1,554 1,427 1,381 5,791 Eliminations and Other (a) (205)
Slide 30: Recast Segment Information: 2023
Recast Segment Information: 2023 Revenue, $M 1Q 2023 2Q 2023 3Q 2023 4Q 2023 2023 Electrical Distribution Systems 2,111 2,278 2,259 2,184 8,832 Engineered Components Group 1,559 1,622 1,652 1,582 6,415 Advanced Safety and User Experience 1,366 1,532 1,441 1,356 5,695 Eliminations and Other (a) (218)