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 ...

Financial Data and Key Metrics Changes - Revenues totaled $4.1 billion, up 9% from the prior year, driven by strong demand across the portfolio [11][26] - Operating income was $213 million, with earnings per share at $0.22, reflecting strong revenue growth offset by material inflation and supply chain disruptions [11][27] - Adjusted EBITDA was $365 million, with operating cash flow at $95 million [27] Business Line Data and Key Metrics Changes - Advanced Safety and User Experience revenues rose 7%, with Active Safety revenue up 21%, while User Experience revenues decreased by 6% due to semiconductor constraints [21][30] - Signal and Power Solutions revenues increased by 10%, driven by high-voltage product line growth of 22% [23][31] - Bookings for Advanced Safety and User Experience reached a record $8.8 billion, while Signal and Power Solutions bookings totaled $5.4 billion [18][20] Market Data and Key Metrics Changes - North American revenues were up 21%, reflecting strong demand, while European production faced significant weakness due to semiconductor shortages [28][29] - Revenues in China decreased by 1.9% due to COVID-related shutdowns, but the company outperformed the market by 7 points [29] - Overall vehicle production is estimated to be 81.5 million units, reflecting a 3% increase over 2021, with European production expected to decline [32][34] Company Strategy and Development Direction - The company is focused on improving profitability and cash flow while investing in growth initiatives, particularly in high-voltage electrification and smart vehicle architecture [10][15] - The acquisition of Wind River is expected to enhance software capabilities and drive future growth [15] - The company aims to balance short-term profitability improvements with long-term growth strategies, including cost reductions and pricing adjustments [10][40] Management's Comments on Operating Environment and Future Outlook - Management anticipates continued constraints on production and inflationary pressures for several more quarters, but remains confident in the company's competitive positioning [8][25] - The company expects to finish the year with strong growth and margin expansion, despite macroeconomic challenges [25][37] - Management highlighted the importance of customer price recoveries and cost-saving initiatives to improve profitability [14][36] Other Important Information - The company has increased its estimate for total price recovery in 2022 to approximately $500 million [34] - The impact of the Wind River acquisition is included in the financial outlook, but the acquisition itself is excluded from revenue estimates [34] Q&A Session Summary Question: Confidence in second half performance and disruption costs - Management expressed confidence in achieving a 32% incremental conversion rate, with an expected $80 million improvement in disruption costs from the first half to the second half [43][44] Question: Future margins for Advanced Safety and User Experience - Management indicated expectations for mid to high single-digit margins in the second half for the Advanced Safety and User Experience segment [47][48] Question: Commitment to Motional and its impact - Management reaffirmed commitment to Motional, highlighting ongoing advancements and commercialization efforts [55] Question: Outlook for Europe and macroeconomic factors - Management acknowledged concerns regarding European macro conditions and semiconductor availability impacting vehicle production schedules [58][59] Question: Clarification on operating income guidance - Management clarified that the lower operating income guidance is primarily driven by European market conditions, while expecting strong performance in North America and China [60][61]

Financial Data and Key Metrics Changes - Revenues totaled $4.2 billion, up 4% from the prior year, despite a 7% decline in vehicle production [7][19] - Operating income was $324 million, with earnings per share at $0.63 [7][19] - Adjusted EBITDA was $478 million, reflecting strong flow through and higher volumes [19] Business Line Data and Key Metrics Changes - Advanced Safety and User Experience (ASUX) revenues increased 7%, reflecting 14 points of growth over underlying vehicle production [15][21] - Signal and Power Solutions revenues rose 2%, reflecting 9 points of growth over market [24] - High voltage revenues increased 10%, driven by electric vehicle program launches [10] Market Data and Key Metrics Changes - North America revenue was up 7%, 8% above vehicle production [20] - European revenue growth was 13%, despite an 18% contraction in vehicle production [20] - In China, revenues increased 14% over a flat market [20] Company Strategy and Development Direction - The company is focused on expanding its portfolio of safe, green, and connected technologies, including software solutions [18] - The acquisition of Wind River is expected to enhance competitive positioning and drive new business opportunities [11][48] - The company aims to strengthen its business model's resiliency and capitalize on the trend towards electrified software-defined vehicles [18][30] Management's Comments on Operating Environment and Future Outlook - Management acknowledged ongoing supply chain disruptions and material inflation as significant challenges but expressed confidence in the full-year outlook [8][25] - The company expects to recover lost vehicle production in China in the second half of the year [25] - Management remains optimistic about achieving revenue growth and margin expansion despite current macroeconomic challenges [18][30] Other Important Information - New business bookings reached $6.1 billion, the highest first-quarter level in several years [12] - The company is actively pursuing multiple paths to mitigate material inflation costs, including product redesign and supplier negotiations [22][36] Q&A Session Summary Question: Material pressure in the quarter - The material pressure was around $80 million for the entire business on a year-over-year basis, with ongoing efforts to offset these costs [31][32] Question: Process for clawing back margin pressure - The company is engaged in commercial discussions with customers and suppliers to recover costs, focusing on redesign efforts and sourcing alternatives [35][36] Question: Incremental margins as the world normalizes - Management indicated that while material inflation will persist, costs related to COVID and supply chain disruptions are expected to abate, providing a positive margin outlook [41][42] Question: Business bookings and competitive set with Wind River - The company is experiencing strong commercial momentum due to its unique product portfolio and the increasing demand for software-defined vehicles [47][48] Question: Second half margin expectations - The second half is expected to see improved margins due to volume growth and price recoveries, with a significant difference from the first half [50][51] Question: Semiconductor supplier redesign efforts - The redesign efforts are well underway, with approximately 100 engineers focused on hardware redesign and software changes, expected to take six months to a year [67][68]