Slide 1: Third Quarter 2024 Earnings Call
October 31, 2024 APTIV Third 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: Third Quarter Overview
Third Quarter Overview CONTINUED STRONG OPERATING PERFORMANCE OFFSET INDUSTRY HEADWINDS REVENUE $4.9B $14.8B 3Q down (6%)1 YTD down (2%)1 New program launches partially offsetting customer mix and EBITDA2 reduction in select OEM production schedules $778M $2,286M 3Q Margins of 16.0% YTD Margins of 1
Slide 4: Strong Execution in Dynamic Environment
Strong Execution in Dynamic Environment ROBUST BUSINESS MODEL DELIVERING RECORD THIRD QUARTER EARNINGS NAVIGATING NEAR-TERM HEADWINDS RESILIENT BUSINESS MODEL RESPONDING TO A DYNAMIC ENVIRONMENT WEAKER INDUSTRY BACKDROP Portfolio aligned to safe, green Focused investments in productized, full- Furth
Slide 5: New Business Bookings
New Business Bookings REVISED BOOKINGS TARGET REFLECTS SHIFTING TIMELINES ACROSS BOTH SEGMENTS BOOKINGS Lifetime gross program revenues, $ Billions TARGET ADVANCED SAFETY SIGNAL & POWER ~$34 FY 2024 & USER EXPERIENCE SOLUTIONS ~$32 ~$30 ~$24 BOOKINGS BOOKINGS $3.6 $20.7 ~$18 $12.8 $4.3 AS&UX $ 3.8B
Slide 6: Advanced Safety & User Experience
Advanced Safety & User Experience INDUSTRY-LEADING SENSOR-TO-CLOUD TECHNOLOGY STACK 3Q 2024 REVENUE GROWTH1: (1%) • Growth in excess of vehicle production across NA, EMEA & China • Solid Active Safety growth of 14%; FY growth of ~20% • Strong YTD vehicle program launches OPERATING INITIATIVES • Adop
Slide 7: ADAS Tech Stack Addressing OEM Needs
ADAS Tech Stack Addressing OEM Needs FLEXIBLE, SCALABLE APPROACH TO TECH STACK ADDRESSING OEM NEEDS TODAY AND IN THE FUTURE SERVICES-BASED ARCHITECTURE AND TOOLCHAIN SUPPORT ENABLING EFFICIENT SCALABILITY FROM COMPLIANCE TO MODULAR SW RUNNING ON ABSTRACTED HW HANDS-FREE DRIVING SOLUTIONS Wind River
Slide 8: Signal & Power Solutions
Signal & Power Solutions INDUSTRY-LEADING VEHICLE ARCHITECTURE SOLUTIONS 3Q 2024 REVENUE GROWTH1: (8%) • Electrical Distribution Systems revenue down (12%) • Engineered Components revenue down (4%) • Record YTD vehicle program launches OPERATING EFFICIENCIES • Accelerating footprint consolidation an
Slide 9: Tech Events Supporting Customer Engagement
Tech Events Supporting Customer Engagement UNDERSCORES APTIV’S ROLE AS A TRUSTED TECHNOLOGY PARTNER ACROSS INDUSTRIES AND REGIONS DEEPENING REGIONAL ENGAGEMENT ENGAGING ACROSS FULL VALUE CHAIN DIVERSIFYING END-MARKET OUTREACH On-site tech events showcasing full-system IZB an opportunity to collabora
Slide 10: Intelligent Edge Solutions At CES 2025
Intelligent Edge Solutions At CES 2025 DEMONSTRATING INDUSTRY-LEADING TECH STACK, FULLY INTEGRATED INTO DRIVABLE VEHICLES ENABLING SOFTWARE DEFINED VEHICLES Demonstrating productized hardware, software and tools capable of democratizing advanced and personalized mobility solutions over the complete
Slide 11: 3Q 2024 vs. 3Q 2023
3Q 2024 vs. 3Q 2023 RECORD QUARTERLY EARNINGS PER SHARE ($ Millions, except per share amounts) 3Q 2024 Fav / (Unfav) COMMENTS REPORTED REVENUE ($260) • Lower vehicle production at select customers $4,854 • Active Safety up 14% Adj. Growth %1 (6%) • EBITDA up 7% YoY EBITDA2 $778 $51 • Operational per
Slide 12: 3Q 2024 Revenue
3Q 2024 Revenue GROWTH IMPACTED BY LOWER VEHICLE PRODUCTION WITH SELECT CUSTOMERS REVENUE $ Millions (6%) Adj 1 ($345) $82 $3 $5,114 $4,854 3Q 2023 Volume Net Price & Foreign 3Q 2024 Commodities Exchange 1. Revenue growth excludes impact of foreign exchange and commodities. 12 3Q 2024 Earnings | Oct
Slide 13: 3Q 2024 AS&UX Recap
3Q 2024 AS&UX Recap RECORD QUARTERLY EARNINGS AND MARGIN REFLECTING STRONG EXECUTION REVENUE OPERATING INCOME2 RELEVANT COMMENTARY $ Millions $ Millions, % of sales • Active Safety and SV Compute & Software adjusted growth offset by User Experience (1%)1 80% • Strong vehicle program launches 13.7% •
Slide 14: 3Q 2024 S&PS Recap
3Q 2024 S&PS Recap STRONG MARGIN PERFORMANCE DESPITE TOP-LINE IMPACT FROM SELECT CUSTOMERS REVENUE OPERATING INCOME2 RELEVANT COMMENTARY $ Millions $ Millions, % of sales • Electrical Distribution product line impacted by lower production at select customers, partially (12%) (8%)1 offset by Engineer
Slide 15: 2024 Full Year Outlook
2024 Full Year Outlook REVISED TO REFLECT LOWER PRODUCTION SCHEDULES Fav / (Unfav) ($ Millions, except per share amounts) FY 2024 vs Prior Year FY 2024 COMMENTS REPORTED REVENUE ($301) • AWM3 (4%); NA (3%), EU (6%), China +1% $19,600 – 19,900 • Schedule reductions at select customers Adj. Growth %1
Slide 16: Balanced Financial Policy
Balanced Financial Policy STRONG CASH FLOW PROVIDING STRATEGIC FLEXIBILITY CONTINUED STRONG STRATEGIC CAPITAL OPTIMIZED CAPITAL CASH FLOW GENERATION DEPLOYMENT STRUCTURE Operating Cash Flow ($ Millions) Capital Expenditures Well-laddered debt maturity profile 9% ─ Maintenance & growth capex to ─ 17
Slide 17: Strong Performance in a Dynamic Market
Strong Performance in a Dynamic Market RECORD 3Q OPERATING INCOME AND EPS Strong operating execution and cost reduction initiatives offset revenue headwinds UPDATED 2024 OUTLOOK Reflecting slower growth in EV adoption, customer mix and reduction in select OEM production schedules, partially offset b
Slide 18: Restricted
Restricted
Slide 19: Appendix
» APPENDIX
Slide 20: YoY Revenue Growth Metrics
YoY Revenue Growth Metrics Q3 2024 YTD 2024 Reported net sales % change (5%) (2%) Less: foreign currency exchange and commodities (1%) - Adjusted Revenue Growth (6%) (2%) Q3 2024 YTD 2024 Reported Revenue Growth (5%) (2%) Signal And Power Solutions Reported Revenue Growth (7%) (4%) Advanced Safety A
Slide 21: Non-US GAAP Financial Metrics: Adjusted OI
Non-US GAAP Financial Metrics: Adjusted OI ($ millions) Q3 2024 Q3 2023 YTD 2024 YTD 2023 Net income attributable to Aptiv 363 1,629 1,519 2,033 Interest expense 101 75 230 214 Other income, net (5) (26) (30) (36) Gain on Motional transactions - - (641) - Income tax expense (benefit) 32 (1,312) 159
Slide 22: Non-US GAAP Financial Metrics: Adjusted EBITDA
Non-US GAAP Financial Metrics: Adjusted EBITDA ($ millions) Q3 2024 Q3 2023 YTD 2024 YTD 2023 Net income attributable to Aptiv 363 1,629 1,519 2,033 Interest expense 101 75 230 214 Income tax expense (benefit) 32 (1,312) 159 (1,248) Net income attributable to noncontrolling interest 7 8 18 15 Net lo
Slide 23: Non-US GAAP Financial Metrics: Adj. NI Per Share
Non-US GAAP Financial Metrics: Adj. NI Per Share ($ millions, except per share amounts) Q3 2024 Q3 2023 YTD 2024 YTD 2023 Net income attributable to ordinary shareholders 363 1,629 1,519 2,004 Mandatory convertible preferred share dividends (a) - - - 29 Net income attributable to Aptiv 363 1,629 1,5
Slide 24: Non-US GAAP Guidance Metrics: Adjusted Operating Income
Non-US GAAP Financial Guidance Metrics: Adjusted Operating Income ($ millions) 20241 Net income attributable to Aptiv 1,790 Interest expense 335 Other income, net (45) Gain on Motional transactions (640) Income tax expense 230 Equity loss, net of tax 125 Net income attributable to noncontrolling int
Slide 25: Non-US GAAP Guidance Metrics: Adjusted EBITDA
Non-US GAAP Financial Guidance Metrics: Adjusted EBITDA ($ millions) 20241 Net income attributable to Aptiv 1,790 Interest expense 335 Income tax expense 230 Net income attributable to noncontrolling interest (a) 20 Depreciation and amortization 955 EBITDA 3,330 Other income, net (45) Gain on Motion
Slide 26: Non-US GAAP Guidance Metrics: Adjusted NI Per Share
Non-US GAAP Financial Guidance Metrics: Adjusted NI Per Share ($ millions, except per share amounts) 20241 Net income attributable to Aptiv 1,790 Adjusting items: Amortization 210 Restructuring 210 Other acquisition and portfolio project costs 70 Asset impairments 20 Compensation expense related to