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August 1, 2024 APTIV Second Quarter 2024 Earnings Call ·APTIV· 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 ma ...

Financial Performance - Total net sales for the three months ended June 30, 2024, were $5.1 billion, a decrease of 3% compared to the same period in 2023[170]. - Total net sales for the six months ended June 30, 2024, were $10.0 billion, a decrease of 1% compared to the same period in 2023[170]. - Net sales for the three months ended June 30, 2024, decreased by 3% to $5,051 million compared to $5,200 million in the same period of 2023, primarily due to a 3% decline in volumes, particularly in Europe and North America[184]. - Total revenue for the six months ended June 30, 2024, was $9,952 million, a decrease from $10,018 million in the same period of 2023, reflecting a variance of $(66) million[205]. - Operating income for the three months ended June 30, 2024, increased to $441 million, up from $410 million in the same period of 2023, representing a favorable variance of $31 million[181]. - Net income attributable to Aptiv for the three months ended June 30, 2024, was $938 million, significantly higher than $242 million in the same period of 2023, marking an increase of $696 million[181]. - Adjusted Operating Income for the three months ended June 30, 2024, was $436 million, up from $392 million in the same period of 2023, an increase of $44 million[207]. - Adjusted Operating Income for the six months ended June 30, 2024, was impacted by $98 million in favorable pricing, net of contractual price reductions[209]. Production and Operations - Vehicle production for the six months ended June 30, 2024, was flat, down 1% on an Aptiv weighted market basis[172]. - Global automotive vehicle production increased by 9% from 2022 to 2023, but was flat for the first half of 2024[172]. - The ongoing semiconductor supply shortage has impacted production and the ability to meet vehicle production demands[174]. - Approximately 97% of the company's hourly workforce is located in best cost countries, providing flexibility to remain profitable throughout the production cycle[177]. - The number of vehicle recalls globally has increased, which may impact the company's operations and financial results[177]. Costs and Expenses - Selling, general and administrative expenses for the three months ended June 30, 2024, increased to $405 million (8.0% of net sales) from $353 million (6.8% of net sales) in the prior year, reflecting an unfavorable variance of $52 million[190]. - Cost of sales for the three months ended June 30, 2024, decreased by $253 million to $4,083 million compared to $4,336 million in the same period of 2023, primarily due to improved operational performance[186]. - Interest expense decreased to $64 million for the three months ended June 30, 2024, down from $72 million in 2023, reflecting the repayment of the Tranche A Term Loan in October 2023[194]. - The automotive industry is experiencing significant inflationary pressures, particularly in raw materials like copper and petroleum-based resin products[178]. - The global semiconductor supply shortage has led to increased pricing pressures, with expectations for continued volatility in semiconductor supply costs[180]. Strategic Initiatives - The acquisition of Wind River in December 2022 aims to enhance capabilities in software-defined mobility and intelligent edge software solutions[174]. - OEMs are increasingly adopting global vehicle platforms, which benefits suppliers with global scale and strong design capabilities[176]. - The Company expects to incur additional restructuring expenses in 2024, primarily related to manufacturing footprint rotation and alignment with automotive production levels[193]. - The Company plans to implement further restructuring activities to optimize its manufacturing footprint and improve efficiency based on market conditions[194]. Investments and Financing - The company has gross debt of approximately $7.0 billion and available liquidity of approximately $4.6 billion as of June 30, 2024[177]. - Cash and cash equivalents as of June 30, 2024, totaled $1.4 billion, with total available liquidity amounting to $4.638 billion[211]. - The company repurchased 5,372,682 shares for $434 million during the three months ended June 30, 2024, at an average price of $80.69 per share[213]. - An accelerated share repurchase program was initiated on August 1, 2024, to repurchase $3.0 billion of ordinary shares[215]. - The company entered into a new $2.5 billion senior unsecured bridge credit facility on August 1, 2024, to partially finance share repurchases[216]. - Aptiv maintains a $2 billion revolving credit facility, maturing on June 24, 2026, with no amounts outstanding as of June 30, 2024[221]. Tax and Equity - The Company's effective tax rate for the three months ended June 30, 2024 included net discrete tax benefits of approximately $27 million, primarily related to a business reorganization[198]. - Equity loss, net of tax, decreased to $34 million for the three months ended June 30, 2024, compared to $73 million in 2023, due to a reduction in the Company's equity interest in Motional[200]. - The total income tax benefit recorded due to intercompany transfers of intellectual property was approximately $2,080 million during the second half of 2023[198]. Research and Development - The company invested approximately $1.8 billion in research and development in 2023, including $492 million from co-investments by customers and government agencies[176]. - The company holds approximately 10,000 patents and protective rights, reflecting its strong focus on innovation and technology development[176].

Aptiv PLC (APTV)  reported mixed second-quarter 2024 results, with earnings beating the Zacks Consensus Estimate but revenues missing the same.Adjusted earnings of $1.58 per share beat the Zacks Consensus Estimate by 15.3% and increased 26.4% year over year. Revenues of $5.1 billion missed the Zacks Consensus Estimate by 5.1% and decreased 2.9% year over year.The company’s adjusted revenues declined 2% year over year. Adjusted revenues declined 3% in North America and stayed flat in Asia, including a 1% inc ...

Aptiv PLC (NYSE:APTV) Q2 2024 Earnings Conference Call August 1, 2024 8:00 AM ET Company Participants Jane Wu - VP, IR and Corporate Development Kevin Clark - Chairman and CEO Joseph Massaro - Vice Chairman and CFO Conference Call Participants Joe Spak - UBS John Murphy - Bank of America Itay Michaeli - Citi William Tackett - Morgan Stanley Dan Levy - Barclays Mark Delaney - Goldman Sachs Shreyas Patil - Wolfe Research Tom Narayan - RBC Operator Good day and welcome to the Aptiv Q2 2024 Earnings Call. Today ...

Aptiv PLC (APTV) reported $5.05 billion in revenue for the quarter ended June 2024, representing a year-over-year decline of 2.9%. EPS of $1.58 for the same period compares to $1.25 a year ago.The reported revenue represents a surprise of -5.09% over the Zacks Consensus Estimate of $5.32 billion. With the consensus EPS estimate being $1.37, the EPS surprise was +15.33%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expe ...

Aptiv PLC (APTV) came out with quarterly earnings of $1.58 per share, beating the Zacks Consensus Estimate of $1.37 per share. This compares to earnings of $1.25 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 15.33%. A quarter ago, it was expected that this company would post earnings of $1.05 per share when it actually produced earnings of $1.16, delivering a surprise of 10.48%.Over the last four quarters, the company has su ...

Exhibit 99.1 · APTIV· Media Release Aptiv Reports Second Quarter 2024 Financial Results; Delivers Record Quarterly Operating Earnings and Earnings per Share; Announces New $5.0 Billion Share Repurchase Authorization and $3.0 Billion Accelerated Share Repurchase Program DUBLIN - Aptiv PLC (NYSE: APTV), a global technology company focused on making mobility safer, greener and more connected, today reported second quarter 2024 U.S. GAAP earnings of $3.47 per diluted share. Excluding special items, second quart ...

Aptiv PLC (APTV) is set to report its second-quarter 2024 results on Aug 1, before the bell.The Zacks Consensus Estimate for earnings in the to-be-reported quarter stands at $1.37 per share, indicating a year-over-year increase of 9.6%. The consensus mark for revenues is pegged at $5.32 billion, indicating year-over-year growth of 2.3%.Four estimates for the to-be-reported quarter moved south over the past 30 days versus no northward revisions. Over the same period, the Zacks Consensus Estimate for earnings ...

Wall Street analysts expect Aptiv PLC (APTV) to post quarterly earnings of $1.37 per share in its upcoming report, which indicates a year-over-year increase of 9.6%. Revenues are expected to be $5.32 billion, up 2.3% from the year-ago quarter.The current level reflects a downward revision of 1% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.Ahead of a company's ...