Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ FORM 10-Q ___________________________________________________________________________________________________________________________________________________________ ...

Aptiv PLC (NYSE:APTV) Q2 2023 Earnings Call Transcript August 3, 2023 8:00 AM ET Company Participants Jane Wu - Vice President, Investor Relations and Corporate Development Kevin Clark - Chairman & Chief Executive Officer Joe Massaro - Chief Financial Officer & Senior Vice President of Business Operations Conference Call Participants John Murphy - Bank of America Itay Michaeli - Citi Rod Lache - Wolfe Research Chris McNally - Evercore Adam Jonas - Morgan Stanley Dan Levy - Barclays Mark Delaney - Goldman Sa ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ FORM 10-Q ___________________________________________________________________________________________________________________________________________________________ ...

May 4, 2023 APTIV First Quarter 2023 Earnings Call 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. ...

Financial Data and Key Metrics - Revenue increased 15% to a record $4.8 billion, 6 points above underlying vehicle production [4] - Operating income and earnings per share were $437 million and $0.91, respectively [4] - New business bookings totaled $13.9 billion, driven by Smart Vehicle Architecture and High-Voltage solutions [5] - Adjusted EBITDA and operating income were $594 million and $437 million, respectively, with a 30% flow-through on increased volumes [21] Business Line Data and Key Metrics - Advanced Safety and User Experience (ASUX) segment achieved record revenue of $1.4 billion, growing 9 points above vehicle production [10] - Signal and Power Solutions (SPS) segment grew 14%, 5 points above market, with high-voltage revenues up 28% [13] - Wind River acquisition accelerated customer engagements, with $6.4 billion in ASUX bookings, including $5 billion in Smart Vehicle Architecture [8][11] - Intercable Automotive contributed $500 million in new business awards, with significant progress in North America and China [14][15] Market Data and Key Metrics - North America revenues grew 14%, 4% above market, despite supply chain constraints [23] - Europe revenues increased 24%, driven by active safety programs and recovery from the Ukraine-Russia war impact [23] - China revenues grew 10 points over market, driven by strong demand for battery electric vehicles and active safety growth of over 30% [23] Company Strategy and Industry Competition - The company is focused on optimizing its business foundation, expanding global execution capabilities, and addressing material and labor inflation through supply chain resilience initiatives [6][7] - Aptiv is leveraging its Smart Vehicle Architecture platform and Wind River software to provide full system solutions, reducing complexity and lowering total system costs [16][17] - The company is well-positioned to capitalize on the accelerating trends of safe, green, and connected vehicles, with a target of $32 billion in new business awards for 2023 [9][18] Management Commentary on Operating Environment and Future Outlook - Management highlighted sequential improvements in the supply chain, particularly in semiconductor availability, but noted ongoing challenges with material and labor inflation [5][6] - The company remains confident in achieving its 2023 commitments and 2025 financial targets, with strong commercial momentum and a focus on long-term value creation [19][28] - Full-year 2023 revenue is expected to be in the range of $18.7 billion to $19.3 billion, with EBITDA and operating income of $2.7 billion and $2 billion, respectively [25][26] Other Important Information - The company completed $70 million in share repurchases during the quarter [22] - Wind River is expanding its business in aerospace, defense, and telecom industries, with significant commercial activity in 5G and O-RAN spaces [12][13] - Intercable Automotive is developing new products, including a cell-to-cell connection system, and expanding its global manufacturing capabilities [15] Q&A Session Summary Question: Impact of EV price cuts on volumes and Aptiv's strategy - Management noted that price cuts on EVs could drive higher retail demand, benefiting Aptiv's high-voltage electrification business [39] - The company's Smart Vehicle Architecture and Wind River software solutions enable ongoing revenue opportunities for OEMs, such as enhanced ADAS and battery management systems [40][41] Question: Revenue and profit opportunities beyond initial point of sale - Management emphasized the potential for significant revenue and profit opportunities through life cycle management and software-enabled upgrades, particularly in ADAS and battery management systems [42][43] Question: FX impact and Chinese OEM exports - FX headwinds, particularly from the Mexican peso and RMB, negatively impacted operating income margins by 100 basis points [21][46] - The company sees opportunities in Chinese OEMs exporting vehicles, with 35-40% of China revenue coming from local OEMs, up from 25% in 2019 [50][52] Question: EV market challenges and Aptiv's margin outlook - Management highlighted that Aptiv's high-voltage margins are slightly higher than overall SPS margins, with balanced exposure across Europe, China, and North America [55][56] - The company benefits from cost-cutting efforts by OEMs, as its full system solutions enable cost reductions while enhancing profitability [71][73] Question: Cadence of margins and revenue growth - Management expects margins to follow historical cadence, with stronger performance in Q4 due to engineering credits and volume growth [63][67] - Revenue growth is expected to accelerate in the back half of the year, driven by product launches and supply chain improvements [76][81] Question: Wind River's performance and lumpiness - Wind River's revenue may be lumpy due to the timing of large deals, but the business is on track for strong full-year growth [87][89] Question: FX assumptions and guidance impact - FX assumptions remain unchanged, with the $65 million year-over-year impact primarily due to the Mexican peso and RMB [93] Question: ADAS demand in China - Management noted no significant changes in its outlook for the China market, with strong growth expected despite challenges [95]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ FORM 10-Q ___________________________________________________________________________________________________________________________________________________________ ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission file number: 001-35346 APTIV PLC (Exact name of registrant as specified in its charter) Jersey 98-1029562 (State or other jurisdiction of (I ...

February 2, 2023 APTIV Fourth Quarter 2022 Earnings Call 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 forward-looking statements are subject to many risks, uncertainties and factors relating to the Company's operations and business environment, which may caus ...

Aptiv PLC (NYSE:APTV) Q4 2022 Earnings Conference Call February 2, 2023 8:00 AM ET Company Participants Jessica Kourakos - Vice President, Investor Relations & Environmental, Social, & Governance Kevin Clark - Chairman & Chief Executive Officer Joe Massaro - Chief Financial Officer & Senior Vice President of Business Operations Conference Call Participants Rod Lache - Wolfe Research Adam Jonas - Morgan Stanley John Murphy - Bank of America Emmanuel Rosner - Deutsche Bank Itay Michaeli - Citi Mark Delaney - ...

Aptiv PLC (NYSE:APTV) Q3 2022 Earnings Conference Call November 3, 2022 8:00 AM ET Company Participants Jessica Kourakos - Vice President, Investor Relations & ESG Kevin Clark - Chairman and Chief Executive Officer Joe Massaro - Chief Financial Officer and Senior Vice President, Business Operations Conference Call Participants Rod Lache - Wolfe Research Itay Michaeli - Citi Joe Spak - RBC Capital Markets Adam Jonas - Morgan Stanley Chris McNally - Evercore Emmanuel Rosner - Deutsche Bank David Kelley - Jeff ...