Slides
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APTIV August 4, 2026 Second Quarter 2026 Earnings Call
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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 cause the actual results of the Company to be materially different from any future results. All statements that address future operating, financial or business performance or the Company’s strategies or expectations are forward-looking statements. Factors that could cause actual results to differ materially from these forward-looking statements include, but are not limited to, the following: global and regional economic conditions, including conditions affecting the credit market; global inflationary pressures; uncertainties created by the conflict between Ukraine and Russia, and its impacts to the European and global economies and our operations in each country; uncertainties created by the conflicts in the Middle East, including the Iran war, and their impacts on global economies; fluctuations in interest rates and foreign currency exchange rates; the cyclical nature of global automotive sales and production; the potential disruptions in the supply of and changes in the competitive environment for raw material and other components integral to the Company’s products, including the ongoing semiconductor supply shortage; the Company’s ability to maintain contracts that are critical to its operations; potential changes to beneficial free trade laws and regulations, such as the United States-Mexico-Canada Agreement; the effects of significant increases in trade tariffs, import quotas and other trade restrictions or actions, including retaliatory responses to such actions; changes to tax laws; future significant public health crises; the ability of the Company to integrate and realize the expected benefits of recent transactions; the ability of the Company to attract, motivate and/or retain key executives; the ability of the Company to avoid or continue to operate during a strike, or partial work stoppage or slow down by any of its unionized employees or those of its principal customers; and the ability of the Company to attract and retain customers. Additional factors are discussed under the captions “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in the Company’s filings with the Securities and Exchange Commission. New risks and uncertainties arise from time to time, and it is impossible for us to predict these events or how they may affect the Company. It should be remembered that the price of the ordinary shares and any income from them can go down as well as up. Aptiv disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events and/or otherwise, except as may be required by law. Unless otherwise indicated, all revenue growth rates referenced in this presentation are adjusted, excluding impact of foreign exchange and commodities. Additionally, year-over-year comparisons are based on Q2 2025 Pro Forma New Aptiv results and not Q2 2025 Continuing Operations results, as reported in the associated press release and 10-Q. 2 Q2-2026 Earnings | August 4, 2026 | Aptiv
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Key Messages on Q2 and FY-2026 Solid financial results in Q2-2026, delivering 2% adjusted revenue growth1 and 10bps of EBITDA margin expansion Significant progress in diversifying business towards Non-Automotive markets, evidenced by revenue growth and recent commercial agreements Returned $325M of capital to shareholders YTD via repurchases, with intention to return similar amount in H2-26 Customer mix headwinds, primarily related to China, are weighing on H2-26 revenue growth and leading to a reduction in FY-2026 guidance Note: 1. Adjusted revenue growth excludes impact of foreign exchange and commodities. 3 Q2-2026 Earnings | August 4, 2026 | Aptiv
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Strategic Progress in Q2-2026 Note: 1. Adjusted revenue growth excludes impact of foreign exchange and commodities. 2. Pro Forma, refers to New Aptiv Pro Forma results. Comprehensive product portfolio… … and robust operating model … … with additional value creation via capital allocation … translate into an attractive financial profile … • First commercial award of Gen 8 Radar for Automotive • Organic expansion into Robotics via first perception systems award • NVIDIA collaboration to support production-ready Edge AI platforms • Launched industry’s first camera- only occupant detection system • ~$5B in new commercial awards • $2.4B in Intelligent Systems $2.5B in Engineered Components • Reached long-term agreement with key memory chip supplier • Ford’s Supplier of the Year in Supply Chain Resiliency category • Sequential acceleration in revenue growth to +2% 1 • Non-Automotive revenue growth of +12%1; • Software & Services of +10%1 • Margin expansion of 10bps, despite stranded costs • EPS up YoY versus PF2 Q2-25, despite higher effective tax rate • Repurchased $250M of shares in Q2, bringing YTD total to $325M • Expect to return ~50% of free cash flow to shareholders through repurchases over next few years 4 Q2-2026 Earnings | August 4, 2026 | Aptiv
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• Deliver sustainable revenue growth: • Revenue growth1 of (1%) YoY • Expand business with target OEMs and in target regions: • >30% growth in bookings YTD for China Local OEM export programs • 5% revenue growth in APAC ex. China • Drive bookings across next-gen technology areas: • >25% growth in Active Safety and In- Cabin Experience bookings YTD Automotive Market Highlights FOCUSED EXECUTION TO DRIVE SUSTAINED GROWTH ACROSS KEY TECH AREAS, OEMS, AND REGIONS Program Launches: • Full-Stack ADAS2: Expansion of full system to multiple models for luxury EU OEM • Next-Gen Digital Cockpit: 1st prod. launch for luxury EU OEM with SW-enabled OTA3 • Driver Monitoring System: EV program for premium EU OEM, with co-developed SW4 • HV5 Power: High-performance interconnects for EU OEM’s next-gen 800V architectures Product Development: • Adv. Occupancy Classification: Industry’s 1st camera-only occupant detection system • Optimized Domain Controller: Single SoC platform integrating L2 ADAS and parking • Gen 8 Radar: Latest generation radar for Volvo Cars SW-defined architectures • Advanced Compute: Zone controller for NA OEM SDV6 architecture • HV Busbars: Awards across NA and China, increasing Aptiv content on key platforms • Local China OEMs: High-voltage inlets across local and export platforms • High-Speed Data: Cross-platform award for leading Local China OEM Notes: Launches and awards are selective and illustrative, not exhaustive. 1. Adjusted revenue growth excludes impact of foreign exchange and commodities. 2. ADAS = Advanced Driver Assistance System. 3. OTA = Over-the-Air. 4. SW = Software. 5. HV = High Voltage. 6. SDV = Software-Defined Vehicle. STRATEGIC PRIORITIES & PROGRESS AWARDSLAUNCHES 5 Q2-2026 Earnings | August 4, 2026 | Aptiv
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Awards: • Robotics: AI/ML-powered perception solutions for Robust.AI’s Gen 3 Carter robot • Solar / Energy Storage: High-performance protection solutions for large-scale projects • Commercial Vehicle: Conquest award for in-cabin compute/control of HD3 trucks Partnerships: • Enterprise Software: Cloud platform, eLxr ProTM, VxWorks, and Helix Virtualization deployed in Kyndryl’s solutions portfolio • Edge AI with NVIDIA: Long-term support for customers for prod. on next-gen platforms Program Launches: • Energy Storage: High-voltage connectors for utility-scale energy storage provider • Commercial Vehicle: Integrated cockpit controller for long-haul multi-powertrain trucks Product Development: • High-Performance Interconnect Expansion: Enabling next-gen A&D platforms • SW Credential: eLxr ProTM 12 achieved key government & defense cybersecurity rating • HV for Data Center: Collaborating on 800V DC for next-gen power conversion • Expand presence organically across higher growth, higher margin markets: • Revenue growth1 of +12%, driven by strength in Other Industrial markets • Capitalize on growth opportunity across nascent areas of existing markets: • Successfully extended core technologies into new high-growth end markets • Growing opportunity in BESS2 / AI Data Center and Satellites / Space • Augment portfolio via bolt-on M&A • Acquired manufacturer of specialty fiber optic assemblies and optical solutions Non-Automotive Market Highlights CONTINUED MOMENTUM IN EXISTING MARKETS AND PROGRESS ACROSS NEW VERTICALS OF EDGE AI Notes: Launches and awards are selective and illustrative, not exhaustive. 1. Adjusted revenue growth excludes impact of foreign exchange and commodities. 2. BESS = Battery Energy Storage System. 3. HD = Heavy Duty. STRATEGIC PRIORITIES & PROGRESS AWARDSLAUNCHES 6 Q2-2026 Earnings | August 4, 2026 | Aptiv
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• Target applications: Autonomous Mobile Robots (AMRs) for industrial material handling, cleaning, security, etc. Robotics and Drones: High Potential New Markets AEROSPACE & DEFENSE: DRONES 2030E ~$240B DIVERSIFIED INDUSTRIAL: ROBOTICS 10% 14% CAGR – 2025-2030E Aptiv Total Addressable Market Outlined at 2025 Investor Day APPLYING APTIV TECHNOLOGIES TOWARDS TWO ATTRACTIVE, HIGH GROWTH MARKETS OPPORTUNITY • Target applications: Autonomous Commercial UAVs 1, Defense UAVs, & Unmanned Ground Vehicles (UGVs) • 3 partnerships announced: Robust.AI, Vecna, Comau • First commercial award with Robust.AI o Perception system with PULSE TM o High performance compute o High performance interconnects • First commercial award with drone manufacturer in July o Perception system incl. thermal cameras o High performance compute o High performance interconnects COMMERCIAL PROGRESS Notes: 1. UAV = Unmanned aerial vehicle. Content opportunity per device ~$5K across sensors, compute, high performance interconnects, and software 7 Q2-2026 Earnings | August 4, 2026 | Aptiv
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• Adj. revenue growth / vs. production by region: NA = 10% / (0%); Europe = (8%) / (1%); APAC = 6% / 0%; China = 5% / (3%) Q2-2026 vs. Q2-2025 REVENUE ADJUSTED GROWTH1 EBITDA2 EBITDA MARGIN EARNINGS PER SHARE2 FREE CASH FLOW3 Q2-2026 Fav / (Unfav) – vs. Pro Forma COMMENTS • Margin expansion despite onset of stranded costs • 30bps FX/Comm headwind, in line with expectations • Higher interest/other income benefit of $0.13 • Lower share count benefit of $0.05 • Higher tax expense impact of ($0.07) • ~$70M of EDS separation costs • Continue to expect recoupment of certain transaction costs (tax refunds) in H2 $3,274 $67 2% ($ Millions, except per share amounts) $613 18.7% $15 10 BPS $1.63 $0.12 ($33) N/A Notes: 1. Adjusted revenue growth excludes impact of foreign exchange and commodities. 2. EBITDA and EPS adjusted for restructuring and other special items. See Appendix for detail and reconciliation to US GAAP. 3. Free cash flow referenced herein is on a Pro Forma basis, which includes the payment of $45M in Q2 primarily related to success fees associated with the EDS spin-off, which are excluded from Continuing Operations results reported in press release. See appendix for detail and reconciliation to US GAAP. ACCELERATION IN REVENUE GROWTH AND CONTINUED EXECUTION TO DELIVER STRONG Q2 EBITDA 8 Q2-2026 Earnings | August 4, 2026 | Aptiv
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ENGINEERED COMPONENTS Q2-2026 Consolidated and Segment Recap Notes: 1. Revenue growth excludes impact of foreign exchange and commodities. 2. Adjusted for restructuring and other special items. See Appendix for detail and reconciliation to US GAAP. INTELLIGENT SYSTEMS STRONG NON-AUTO GROWTH ACROSS SEGMENTS; EXECUTION TO DELIVER CONSOLIDATED EBITDA GROWTH CONSOLIDATED APTIV $ Millions % of Sales $ Millions % of Sales $ Millions % of Sales REVENUE EBITDA2 $229 15.2% $210 14.0% 2Q 25 2Q 26 $1,507 $1,501 2Q 25 2Q 26 • Sensors & Compute (1%); Software & Services +10% • Auto (3%); Non-Auto +12% • Performance initiatives offset by increased engineering investments and stranded costs (0%)1 REVENUE EBITDA2 REVENUE EBITDA2 $1,723 $1,800 2Q 25 2Q 26 • Auto 0%; Non-Auto +11% • Driven primarily by strength in North America • Flow through on volume and solid performance despite stranded costs • Favorable timing of recoveries 3%1 $369 21.4% $403 22.4% 2Q 25 2Q 26 $3,207 $3,274 2Q 25 2Q 26 $598 18.6% $613 18.7% 2Q 25 2Q 26 2%1 • Growth in North America and Asia Pacific, offset by a decline in Europe • Driven primarily by flow- through on revenue growth • Stranded costs offset by performance initiatives 3% (8%) 9% 9 Q2-2026 Earnings | August 4, 2026 | Aptiv
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REVENUE ADJUSTED GROWTH1 EBITDA2 EBITDA MARGIN EARNINGS PER SHARE2 FREE CASH FLOW $3,120 – $3,220 1% $12,600 – $12,800 2% ($ Millions, except per share amounts) $545 – $575 17.7% $2,310 – $2,370 18.4% $1.25 – $1.35 $5.60 – $5.80 (~18% tax rate) $625 – $725 Q3-2026 FULL YEAR 2026 Notes: 1. Adjusted Revenue Growth at Midpoint of Guidance; excludes impact of foreign exchange and commodities. FY-2026 FX and Commodity assumptions as follows: Copper = 6.25, USD/MXN = 17.50, EUR/USD = 1.16, USD/CNY = 6.80. 2. EBITDA and EPS adjusted for restructuring and other special items. See appendix for detail and reconciliation to US GAAP. FY-2026 and Q3-2026 Financial Guidance LOWERING GUIDANCE TO REFLECT PRODUCTION AND CUSTOMER MIX IN AUTO, LARGELY RELATED TO CHINA 10 Q2-2026 Earnings | August 4, 2026 | Aptiv
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YoY ADJ. REVENUE GROWTH1 – H1-26 TO H2-26 PRIOR GUIDE VERSUS CURRENT GUIDE FY-26 REVENUE – PRIOR TO CURRENT GUIDE FY-2026 Revenue Guidance – Supplemental Walks $ Billions Note: 1. Revenue growth excludes impact of foreign exchange and commodities. Adjusted Revenue Growth – YoY % Current Guide Prior Guide ~1% ~6.5% 1.5% 3.0% 1.0% $13.0 $12.7 Local China OEMs China Programs Europe OEMs EU Program Prior Guide Schedule Changes Launch & Ramp Delays Software Timing Current Guide ($150M) ($100M) ($50M) ~1% ~3%1.5% 2.0% (1.5%) H1 YoY Growth Headwinds Annualization Launches & Ramps Production & Customer Mix H2 YoY Growth 11 Q2-2026 Earnings | August 4, 2026 | Aptiv
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Execution to Deliver Shareholder Value Continuing to navigate and remain flexible amid dynamic macroeconomic landscape and deliver value to customers with leading portfolio of performance- and cost-optimized solutions Intending to allocate over 50% of free cash flow to repurchases over next few years, while simultaneously pursuing bolt-on M&A and strategic investments as a commitment to shareholder value creation Demonstrating near-term progress in diversifying business across strategic focus areas, including growth within Non-Automotive markets and with target OEMs to improve customer mix Continually evaluating business portfolio in line with ongoing changes in macroeconomic environment and within our industries/customers to ensure long-term success 12 Executing with best-in-class operating model to deliver continued performance improvements and margin expansion despite macroeconomic and industry/customer-specific headwinds Q2-2026 Earnings | August 4, 2026 | Aptiv
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13 Q2-2026 Earnings | August 4, 2026 | Aptiv
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YoY Revenue Growth Metrics Q2-2026 Reported net sales % change 2% Less: foreign currency exchange and commodities -% Adjusted revenue growth 2% Q2-2026 Reported Revenue Growth 2% Engineered Components Reported Revenue Growth 4% Intelligent Systems Reported Revenue Growth -% Adjusted Revenue Growth 2% Engineered Components Adjusted Revenue Growth (a) 3% Intelligent Systems Adjusted Revenue Growth (a) -% a) Adjusted revenue growth excludes impact of foreign exchange and commodities. 14 Q2-2026 Earnings | August 4, 2026 | Aptiv
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Non-US GAAP Financial Metrics: Adjusted EBITDA ($ millions) Q2-2026 Pro Forma Q2-2025 Net income attributable to Aptiv 248 393 (Loss) income from discontinued operations, net of tax (50) 128 Income from continuing operations 298 265 Interest expense 62 92 Income tax expense 52 16 Net loss attributable to redeemable noncontrolling interest (1) (1) Depreciation and amortization (a) 195 190 EBITDA 606 562 Other income, net (58) (15) Net gain on equity method transactions (3) (46) Equity loss, net of tax 17 14 Restructuring 24 27 Separation costs 18 1 Other acquisition and portfolio project costs 8 5 Compensation expense related to acquisitions 1 4 Gain on asset sale - (5) Pro forma adjustment to continuing operations presentation (b) - 51 Adjusted EBITDA 613 598 (a) Includes asset impairments. (b) Adjustment to the Company’s presentation of U.S. GAAP continuing operations in historical periods to the New Aptiv Pro Forma basis; which represents the Company’s historical segment basis, with the Electrical Distribution Systems segment not included. 15 Q2-2026 Earnings | August 4, 2026 | Aptiv
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Non-US GAAP Financial Metrics: Adj. NI Per Share ($ millions, except per share amounts) Q2-2026 Pro Forma Q2-2025 Net income attributable to Aptiv 248 393 (Loss) income from discontinued operations, net of tax (50) 128 Income from continuing operations 298 265 Adjusting items: Amortization 52 52 Restructuring 24 27 Separation costs 18 1 Other acquisition and portfolio project costs 8 5 Asset impairments 3 1 Compensation expense related to acquisitions 1 4 Gain on asset sale - (5) Gain on extinguishment of debt (44) - Gain on change in fair value of publicly traded equity securities - (3) Net gain on equity method transactions (3) (46) Tax impact of adjusting items (a) (12) (16) Pro forma adjustment to continuing operations presentation (b) - 44 Adjusted net income attributable to Aptiv 345 329 Weighted average number of diluted shares outstanding 212.10 218.11 Diluted net income (loss) per share attributable to Aptiv 1.40 1.21 Adjusted net income per share 1.63 1.51 (a) Represents the income tax impacts of the adjustments made for amortization, restructuring and other special items by calculating the income tax impact of these items using the appropriate tax rate for the jurisdiction where the charges were incurred. (b) Adjustment to the Company’s presentation of U.S. GAAP continuing operations in historical periods to the New Aptiv Pro Forma basis; which represents the Company’s historical segment basis, with the Electrical Distribution Systems segment not included. 16 Q2-2026 Earnings | August 4, 2026 | Aptiv
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Non-US GAAP Financial Metrics: Free Cash Flow ($ millions) Q2-2026 Net cash provided by operating activities from continuing operations 137 Less: capital expenditures (125) Pro forma adjustment to continuing operations presentation (a) (45) Total Free Cash Flow (33) 1. Prepared at the estimated mid-point of the Company's financial guidance range. (a) Pro forma adjustment to include payments made in Q2-2026, primarily related to success fees associated with the EDS spin-off. 17 Q2-2026 Earnings | August 4, 2026 | Aptiv
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Non-US GAAP Financial Guidance Metrics: Adjusted EBITDA ($ millions) 3Q-20261 Pro Forma 20261 Net income attributable to Aptiv 190 880 Interest expense 60 245 Income tax expense 50 220 Net loss attributable to noncontrolling interest (a) - (5) Depreciation and amortization 195 775 EBITDA 495 2,115 Other income, net (5) (60) Net gain on equity method transactions - (5) Equity loss, net of tax 20 70 Restructuring 30 95 Other acquisition and portfolio project costs, including separation costs 20 70 Pro forma adjustment to continuing operations presentation (b) - 55 Adjusted EBITDA 560 2,340 1. Prepared at the estimated mid-point of the Company's financial guidance range. (a) Includes portion attributable to redeemable noncontrolling interest. (b) Adjustment to the Company’s presentation of U.S. GAAP continuing operations in historical periods to the New Aptiv Pro Forma basis; which represents the Company’s historical segment basis, with the Electrical Distribution Systems segment not included. 18 Q2-2026 Earnings | August 4, 2026 | Aptiv
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Non-US GAAP Financial Guidance Metrics: Adjusted NI Per Share ($ millions, except per share amounts) 3Q-20261 Pro Forma 20261 Net income attributable to Aptiv 190 880 Adjusting items: Amortization 50 210 Restructuring 30 95 Other acquisition and portfolio project costs, including separation costs 20 70 Asset impairments - 5 Net gain on equity method transactions - (5) Gain on extinguishment of debt - (45) Tax impact of adjusting items (20) (60) Pro forma adjustment to continuing operations presentation (a) - 55 Adjusted net income attributable to Aptiv 270 1,205 Weighted average number of diluted shares outstanding 208.00 211.50 Diluted net income per share attributable to Aptiv 0.91 4.16 Adjusted net income per share 1.30 5.70 1. Prepared at the estimated mid-point of the Company's financial guidance range. (a) Adjustment to the Company’s presentation of U.S. GAAP continuing operations in historical periods to the New Aptiv Pro Forma basis; which represents the Company’s historical segment basis, with the Electrical Distribution Systems segment not included. 19 Q2-2026 Earnings | August 4, 2026 | Aptiv
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Non-US GAAP Financial Guidance Metrics: Free Cash Flow ($ millions) Pro Forma 20261 Net cash provided by operating activities 1,320 Less: capital expenditures (600) Pro forma adjustment to continuing operations presentation (a) (45) Total Free Cash Flow 675 1. Prepared at the estimated mid-point of the Company's financial guidance range. (a) Adjustment to the Company’s presentation of U.S. GAAP continuing operations in historical periods to the New Aptiv Pro Forma basis; which represents the Company’s historical segment basis, with the Electrical Distribution Systems segment not included. 20 Q2-2026 Earnings | August 4, 2026 | Aptiv
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