Financial Data and Key Metrics Changes - New business bookings reached $24 billion, a $6 billion increase over 2020 and a $2 billion increase over the previous record [12] - Revenues totaled $15.6 billion, representing a 15% growth, which is 15 points over underlying vehicle production [7] - Operating income and earnings per share were $1.2 billion and $2.61 respectively, reflecting strong revenue growth but offset by increased operating expenses [8][29] Business Line Data and Key Metrics Changes - Advanced Safety and User Experience segment revenues increased 13% for the full year, 13 points over vehicle production, driven by new program launches [14] - Signal and Power Solutions segment revenues increased 16% for the full year, 16 points over vehicle production, reflecting increased demand for high-voltage electrification solutions [16] - Fourth-quarter revenues in the Advanced Safety and User Experience segment declined 1%, while revenues in the Signal and Power Solutions segment declined 6% [33][35] Market Data and Key Metrics Changes - North America revenues were down 2%, representing 11 points of growth over market, driven by favorable model mix [33] - Europe saw a strong double-digit outgrowth of 11%, while China reflected 17 points of growth over market due to new program launches [33] - The company expects global vehicle production to increase by 6% in 2022, with a forecasted 15% increase in the second half of the year [36][39] Company Strategy and Development Direction - The company is focused on executing its strategy to enhance capabilities in advanced technologies aligned with safe, green, and connected megatrends [10] - The acquisition of Wind River is aimed at accelerating Aptiv's software strategy and enhancing its position in the software-defined vehicle market [20][25] - The company aims to increase its growth outlook to 8-10 points over market, reflecting confidence in its competitive position and recent strong revenue growth [29][39] Management's Comments on Operating Environment and Future Outlook - Management acknowledged ongoing supply chain disruptions and material cost inflation but remains focused on executing its strategy for sustainable business growth [28] - The company expects supply chain constraints to ease in the latter half of 2022, with inflationary effects likely to persist [29][39] - Management expressed confidence in the company's ability to capitalize on market opportunities and enhance profitability through advanced technologies [46] Other Important Information - The company reported COVID and supply chain disruption costs of $85 million in Q4 2021, with an estimated $230 million for 2022 [31][39] - The company anticipates adjusted earnings per share to be $4.35 for 2022, a 42% increase over 2021 [41] - Capital expenditures are expected to be approximately 5% of sales, reflecting investments in major program launches [41] Q&A Session All Questions and Answers Question: What portion of the record order book is from pureplay EV customers? - Approximately one-third of the order book is from newer battery electric vehicle companies, with two-thirds from legacy OEMs [50] Question: What trends are observed in the Chinese market regarding domestic players? - Domestic competency in China has strengthened, particularly in electrification and software-defined vehicles, with significant acceleration in demand for smart vehicle architecture [52] Question: What is the expected growth for EV and ADAS in 2022? - High-voltage product lines are expected to grow at a rate of 40%, with strong growth anticipated in Active Safety as well [56] Question: What are the mid-decade margin targets? - The company remains focused on the targets set in 2019, with expectations to return to those margins as supply chain challenges are addressed [72] Question: How is the company managing pricing discussions with OEMs? - The company is making good progress in discussions with OEMs regarding cost recovery, with recognition of the challenges faced in the supply chain [75]

Aptiv PLC (NYSE:APTV) Q3 2021 Earnings Conference Call November 4, 2021 8:00 AM ET Company Participants Vicky Apostolakos – Director of Investor Relations Kevin Clark – President and CEO Joseph Massaro – CFO and Senior Vice President of Business Operations Conference Call Participants Rod Lache – Wolfe Research Joseph Spak – RBC Capital Markets David Kelley – Jefferies Mark Delaney – Goldman Sachs Dan Levy – Credit Suisse John Murphy – Bank of America Ittai Miceli – Citi Operator Good day and welcome to th ...

Aptiv PLC (NYSE:APTV) Q2 2021 Results Earnings Conference Call August 5, 2021 8:00 AM ET Company Participants Elena Rosman - Vice President, Investor Relations Kevin Clark - President and Chief Executive Officer Joseph Massaro - Chief Financial Officer and Senior Vice President, Business Operations Conference Call Participants Chris McNally - Evercore ISI Adam Jonas - Morgan Stanley Brian Johnson - Barclays Capital Mark Delaney - Goldman Sachs Dan Levy - Credit Suisse Joseph Spak - RBC Capital Markets Opera ...

Financial Performance - Q2 2021 - Revenue reached $3.8 billion, an increase of 85% compared to Q2 2020[5, 27] - Year-to-date revenue totaled $7.8 billion, up 44%[5] - Operating income was $301 million with a margin of 7.9%[5] - Earnings per share (EPS) were $0.60, up $1.70 from Q2 2020[5] Bookings and Outlook - Year-to-date record bookings exceeded $11 billion[5] - The company anticipates global vehicle production to increase by approximately 10%[6] - The company expects revenue to grow approximately 20% for the full year 2021[39] Segment Performance - Advanced Safety & User Experience (AS&UX) revenue increased by 83% to $970 million[34] - Signal & Power Solutions (S&PS) revenue increased by 86% to $2.846 billion[34] - Electrification high voltage sales growth drivers increased 161%[19] Financial Guidance - Full Year 2021 - The company projects full-year revenue between $16.115 billion and $16.415 billion, representing approximately 20% adjusted growth[39] - The company anticipates adjusted earnings per share between $3.63 and $3.87[39] - The company expects operating cash flow of approximately $1.8 billion[39] Sustainability Initiatives - The company has committed to carbon neutrality by 2040[25] - The company established a new $2 billion sustainability-linked credit facility[47]