Financial Performance - Third quarter revenue reached $5.1 billion, a 7% increase[4] - Year-to-date revenue is $15.1 billion, up 16%[4] - Third quarter EBITDA was $727 million with a margin of 14.2%[4] - Third quarter operating income was $560 million, representing a margin of 11.0%[4] - Year-to-date operating income reached $1.527 billion, with a margin of 10.1%[4] - Earnings per share for the third quarter were $1.30, an increase of $0.02[4] - Year-to-date earnings per share were $3.46, up $1.32[4] - Operating cash flow for the third quarter was $746 million due to improved working capital[4] Bookings and Business Segments - New business bookings for the third quarter totaled $6.6 billion, driven by active safety and high voltage electrification[4] - Advanced Safety & User Experience (AS&UX) revenue grew by 13% in the third quarter, exceeding market growth by 8%[17] - AS&UX bookings totaled $2.2 billion, including $1.2 billion in active safety, $0.7 billion in user experience, and $0.2 billion in smart vehicle compute & software[17] - Signal & Power Solutions (S&PS) revenue grew by 5% in the third quarter, in line with market growth[20] - S&PS bookings totaled $4.4 billion, including $1.1 billion in high voltage bookings[20] Impact Factors and Outlook - The UAW strike impacted revenue by approximately $180 million and operating income by approximately $80 million through October[11, 51] - The company is maintaining its full-year revenue guidance of $19.95 billion to $20.25 billion, representing an adjusted growth of approximately 12% and growth over market of approximately 5%[51]

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 ___________________________________________________________________________________________________________________________________________________________ ...

Financial Performance - Aptiv reported net sales of $17,489 million for the year ended December 31, 2022, an increase of 12% from $15,618 million in 2021[235]. - The company's operating income for 2022 was $1,263 million, compared to $1,189 million in 2021, reflecting a growth of 6%[235]. - Net income attributable to Aptiv for 2022 was $594 million, slightly up from $590 million in 2021[235]. - Basic net income per share attributable to ordinary shareholders was $1.96 for 2022, compared to $1.95 in the previous year[235]. - The total operating expenses for 2022 were $16,226 million, an increase from $14,429 million in 2021[235]. - The company incurred interest expenses of $219 million in 2022, up from $150 million in 2021[235]. - Comprehensive income attributable to Aptiv for 2022 was $475 million, compared to $463 million in 2021[238]. - Currency translation adjustments resulted in a loss of $198 million in 2022, compared to a loss of $143 million in 2021[238]. Market and Growth Strategy - In 2022, Aptiv's net sales from the Asia Pacific region accounted for 30% of total sales, indicating a key market for long-term growth[15]. - The automotive technology industry is expected to grow, driven by increasing consumer demand for electrified and software-defined vehicles[18]. - The company aims to address the "Safe," "Green," and "Connected" mega-trends, which are shaping the future of the automotive industry[19]. - The company has identified the Asia Pacific region, particularly China, as a key market for growth, focusing on intelligent systems software, advanced driver assistance systems, and autonomous driving technologies[63]. Acquisitions and Investments - The company completed the acquisition of Wind River Systems, Inc. in December 2022 to strengthen its capabilities in software-defined mobility[20]. - Aptiv acquired 85% of Intercable Automotive Solutions in 2022, with an agreement to purchase the remaining 15% starting in 2026[252]. - The acquisition of Wind River Systems, Inc. was completed on December 23, 2022, for total consideration of approximately $3.5 billion, with technology-related and customer-based intangible assets valued at $750 million and $630 million, respectively[220]. Workforce and Talent Development - The company employed approximately 160,000 people as of December 31, 2022, with 53% in North America and 31% in Europe, Middle East, and Africa[37]. - In 2022, over 43,000 hours of leadership and management training were completed by employees, emphasizing talent development[38]. - The percentage of the global workforce represented by women was approximately 50%, with women in management at 24% as of December 31, 2022[41]. Environmental and Sustainability Goals - The company aims to reduce Scope 1 and 2 absolute CO2e emissions by 25% from the baseline year 2019 by 2025[44]. - The company is committed to becoming carbon-neutral in its global operations by 2030 and achieving net carbon neutrality by 2040[44]. - The company targets a 2% annual reduction in water consumption in high-risk (water-scarce) locations[46]. - The company has set a waste recycling target of 80% for the volume of recycled waste divided by total waste volume[46]. - The company plans to source 100% of electricity for operations from renewable sources by 2030[44]. - The company is committed to delivering only carbon-neutral products by 2039, from sourcing to disposal[44]. Supply Chain and Production Challenges - The global semiconductor supply shortage is impacting production in the automotive industry, with supply chain disruptions expected to persist in 2023[55]. - The organization has seen a substantial increase in raw material inventories due to production volatility and semiconductor shortages[33]. - Supply chain disruptions could potentially cause complete shutdowns of customer assembly lines, exposing the company to material claims for compensation[55]. - The company is actively monitoring and managing inventory levels to maximize supply continuity and efficient use of working capital[55]. Financial Position and Liabilities - As of December 31, 2022, the company's non-U.S. defined benefit pension plans were underfunded by $73 million, with total obligations related to these plans amounting to $344 million[73]. - The total liabilities increased to $12,790 million in 2022 from $9,446 million in 2021, a rise of 35%[240]. - Long-term debt increased significantly to $6,460 million in 2022 from $4,059 million in 2021, a rise of 59%[240]. - The company recorded approximately $224 million related to uncertain tax positions as of December 31, 2022[213]. Risks and Market Conditions - The automotive technology and components industry remains highly competitive, with ongoing industry consolidation affecting the number of top competitors[28]. - The automotive industry is experiencing significant volatility, which may lead to further adverse impacts on operating earnings and cash flows[57]. - The company is subject to ongoing pricing pressures from OEMs, with customer agreements typically requiring annual price reductions of 1% to 3%[67]. - A prolonged economic downturn could require the company to seek additional financing, which may not be available on acceptable terms[60]. Research and Development - Total research and development expenses were approximately $1,120 million, $1,030 million, and $1,024 million for the years ended December 31, 2022, 2021, and 2020, respectively[256]. - The company is focused on developing advanced driver assistance technologies and responding to evolving consumer preferences for mobility on demand services[61].

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 - ...