Post on 30-Apr-2020
APTIV OVERVIEW David SherbinSVP, General Counsel, Chief Compliance Officer & Secretary
Elena RosmanVP, Investor Relations
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 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. The Company 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.
Forward Looking Statements
Aptiv Overview | November 20192
15
OPERATING
CASH FLOW$1.5
Aptiv Overview
$20+ BOOKINGS
$14.3 REVENUE
$4.65 EARNINGS
PER SHARE
2019E FINANCIAL PERFORMANCE1
$ billions, except per share amounts
$1.5 OPERATING
INCOME
GLOBAL FOOTPRINT AND CAPABILITIES2
160,000+ EMPLOYEES IN 44 COUNTRIES
22,000 SALARIED EMPLOYEES
18,600 ENGINEERS
6,500 FOCUSED ON
SOFTWARE
MAJOR TECHNICAL
CENTERS
126 MANUFACTURING
SITES
POSITIONED TO WIN
3
1. Reflects 2019 guidance communicated on October 30, 2019
2. Reflects 2018 actuals communicated on February 4, 2019
Aptiv Overview | November 2019
4 Aptiv Overview | November 2019
Our Sustainability JourneyCOMMITTED TO IMPROVING THE WORLD THROUGH OUR TECHNOLOGY SOLUTIONS, PEOPLE, AND VALUES
CLICK HERE TO
VIEW APTIV’S 2019
SUSTAINABILITY REPORT
Advanced Solutions Delivered Responsibly
Aptiv Overview | November 20195
SUSTAINABILITY EFFORTS FOCUSED ON PEOPLE, PORTFOLIO AND PLANET
OUR STAKEHOLDERS
APTV
Assessing and reducing the impact
of our products and supply chain on the
environment; improving our local communities
Leading portfolio of advanced
technologies aligned to solving
our customers’ toughest challenges
Creating exceptional value for
customers, which generates best-
in-class returns for shareholders
The right people, organized
and incentivized to create
long-term value
PLANET
PEOPLE
PORTFOLIO
Our People
HUMAN RIGHTS & LABOR
• Recognize relevant ILO principles and comply with all global human rights policies and laws
• Click here for Aptiv’s Diversity Equality & Human Rights Policy
ETHICS & COMPLIANCE
• Named one of the world’s most ethical companies by Ethisphere for the 7th straight year
SAFETY
• Top quartile performance versus peers: Lost Work Day Cases per 100 employees rate of 0.02
DIVERSITY & EMPLOYEE ENGAGEMENT
• Promote acceptance and respect across perspectives; 47% of workforce are female
• Continuous interaction with our workforce –quarterly all-employee broadcasts, monthly global leadership
calls, and interactive employee digital platform and mobile app
ATTRACTING AND RETAINING TALENT
• Provide incentives to encourage our values, behaviors and sustainable results
• Leveraging university partnerships to engage with students & provide continued education for employees
COMMUNITY INVOLVEMENT
• Local community, STEM education and other philanthropic efforts through volunteering and
Aptiv’s self-funding foundation
THE BEST TALENT, ORGANIZED THE RIGHT WAY
6 Aptiv Overview | November 2019
SAFE
Our Products
GREEN CONNECTED
Aptiv Overview | November 20197
PORTFOLIO ALIGNED TO SAFE, GREEN AND CONNECTED MEGA TRENDS
APTIV MISSION
A SOCIETY THAT SEES ZERO FATALITIES,
ZERO INJURIES AND ZERO ACCIDENTS
APTIV TECHNOLOGIES
• Perception systems and sensor fusion
• Active Safety software and multidomain controllers
• High fidelity / reliability interconnects and signal distribution
• Gesture and voice recognition for hands free control
ADDRESSABLE CPV
$5,000+
APTIV MISSION
ZERO EMISSIONS: MINIMIZE THE VEHICLE’S
TOTAL LIFECYCLE ENVIRONMENTAL IMPACT
APTIV TECHNOLOGIES
• High Voltage wiring and electrical centers
• High Voltage connectors, plug-in chargers and cord sets
• Aluminum wire harnesses for light-weighting
• Architecture optimization for mass and weight reduction
ADDRESSABLE CPV
$2,000+
APTIV MISSION
SEAMLESS INTEGRATION BETWEEN THE CAR,
ITS PASSENGERS, AND THE WORLD AROUND IT
APTIV TECHNOLOGIES
• Secure connected gateways (Cellular, Satellite, DSRC, GPS)
• Wireless (Wifi, BT), Media Modules and Consumer Ports
• Over-The-Air (OTA) for Software and Firmware
• Edge Processing, cloud analytics and cybersecurity
ADDRESSABLE CPV
$3,000+
Our Planet
GREENHOUE GAS EMISSIONSScope 1+2 CO2 emissions in tons / employee
GLOBAL WASTE DISPOSALKilograms / employee
GLOBAL WATER
CONSUMPTIONThousand liters / employee
Aptiv Overview | November 20198
3.0 2.92.6 2.4 2.3
2014 2015 2016 2017 2018
(6.4%)Per Year
CONTINUOUSLY IMPROVING OUR SUSTAINABILITY AND CARBON FOOTPRINT;
ON TRACK TO EXCEED 2012 TARGET OF 30% REDUCTION BY 2020
8576 70 65 65
2014 2015 2016 2017 2018
(6.5%)Per Year
1613 13 13 12
2014 2015 2016 2017 2018
(6.9%)Per Year
9
Board And Committee Overview
Aptiv Overview | November 2019
KEY CHARACTERISTICS
• ELECTIONS
Held Annually
• LEADERSHIP
Proven management track record
• EXPERIENCE
Decades of diverse industry expertise
• BOARD TENURE Mandatory retirement age
• DIVERSITY
27% Board Diversity
CONTINUOUSLY FOCUSED ON BOARD DIVERSITY
• Composition: 11 prominent business leaders
• Independent Chairman of the Board: Raj Gupta
• Chairman: Cooper
• Current members: Dellaquila, Parris, Pinczuk
• Chairman: Gupta
• Current members: Meister, Orberg, Zimmerman
• Chairman: Zimmerman
• Current members: Dellaquila, Mahoney, Meister
• Chairman: Donofrio
• Current members: Cooper, Ortberg, Parris, Pinczuk
• Chairman: Gupta
• Current members: Donofrio, Mahoney
FINANCE
COMPENSATION & HUMAN RESOURCES
AUDIT
NOMINATING & GOVERNANCE
BOARD
INNOVATION & TECHNOLOGY
SUSTAINABILITY
Board Of Directors EngagementSTRONG PARTNERSHIP BETWEEN BOARD OF DIRECTORS AND LEADERSHIP
ON STRATEGY AND RISK MANAGEMENT
GOVERNANCE ETHICS & COMPLIANCE
STRATEGY FINANCE INVESTOR SENTIMENT
• Product portfolio review
• Operational planning
• Long-term enterprise risks and opportunities
• Strategic investments
• Financial performance and disclosures
• Annual budget and long-term business plan
• Capital deployment
• Market and industry insight and assessment
• Investor and analyst feedback / perception
• Communication strategy
• ESG priorities
• Long-term environmental goals and commitments
• Safety and compliance
• Community involvement
• Selection and evaluation of Board members
• Corporate governance guidelines
• Compensation philosophy
• Enterprise risk
• Company culture
• DRIVE Line
• Diversity and inclusion
• Training and communications
10 Aptiv Overview | November 2019
PERFORMANCE BASEDNamed Executive Officer Pay Mix
LONG-TERM VALUE FOCUSED ACHIEVED THE RIGHT WAYStrategic Results Modifier (SRM) Component of AIP
Aptiv Overview | November 201911
1. Segment performance metrics based on Operating Income and Simplified Operating Cash Flow
2. TSR performance relative to Russel 3000 Auto Index peers
3. For Executive Officers
79%Aptiv Performance
Based
BASE PAY | 21%
Incentives Aligned To Creating
SHAREHOLDER VALUE10% SRMSTRATEGIC RESULTS MODIFIER
+ -
2019 SRM GOALS
TALENT
Attract and retain the best
CULTURE
Reinforce values and behaviors of a
winning team
QUALITY
Drive flawless launch and delivery
AIP
• 50% | NET INC1
• 10% | BOOKINGS
• 40% | CASH (CFBF) 1
ANNUAL
INCENTIVE
PLAN
(AIP) | 19%
LTIP
• 25% | NET INC
• 25% | TSR2
• 50% | RONA
75% Performance3
25% Time Based3
SRM Goals drive
strategic factors
52%Russell 3000
Average
LONG-TERM
INCENTIVE
PLAN
(LTIP) | 60%
Performance Based LTIP linked to
business plan; strongly incentivizing
commitment to outperformance
Incentives Aligned to Long-Term ValuePAY-FOR-PERFORMANCE CULTURE WITH METRICS TIGHTLY LINKED TO LONG-TERM VALUE CREATION
12 Aptiv Overview
• TRACK RECORD OF DELIVERING ON COMMITMENTS
• DIVERSITY AND SOCIAL RESPONSIBILITY CORE VALUES TO APTIV
• PRODUCT PORTFOLIO ALIGNED WITH SAFE, GREEN & CONNECTED
• BOD ACTIVELY ENGAGED ON STRATEGY & RISK ASSESSMENT
• EXECUTIVE PAY ALIGNED WITH SHAREHOLDER INTEREST
Aptiv A Sustainable Business
Aptiv
Peers
S&P 500
Returns from Nov 17, 2011 through Nov 6, 2019
Peers - Market cap weighted index of TEL, ST, APH, CON, LEA, VNE, Valeo, VC, Denso, MGA, LFUS
CREATING VALUE FOR OUR SHAREHOLDERS
153%
189%
489%
Total Shareholder Return since IPO
ETHISPHERE INSTITUTE:
WORLD’S MOST ETHICAL
COMPANIES® FOR THE
SEVENTH YEAR IN A ROW.
INCLUDED IN THE DOW
JONES SUSTAINABILITY
INDICES (DJSI)
INCLUDED IN THE
FTSE4GOOD INDEX SERIES
RANKED #4 IN THE AUTO &
PARTS INDUSTRY CATEGORY
AND INCLUDED IN THE JUST
U.S. LARGE CAP EQUITY ETF
RECEIVED AN A RATING
IN THE MSCI ESG
RATINGS ASSESSMENT
CARBON DISCLOSURE
PROJECT: VOLUNTEER
RESPONDENT SINCE 2012.
CDP SCORE: B
RECENT RECOGNITION
14
Board of DirectorsRajiv L. GuptaChairman of the Board• Director since November 2009
• Former Chairman and CEO of Rohm and Haas Company
• Other Directorships: Avantor, Inc., Arconic Inc., DuPont de Nemours, Inc., HP Inc.
(formerly Hewlett Packard) (2009-2017), The Vanguard Group, Inc. (2001-2017) and
Tyco International plc (2005-2016)
Nicholas M. Donofrio• Director since December 2009
• Former Executive Vice President, Innovation & Technology, International Business
Machine Corporation
• Other Directorships: Advanced Micro Devices, Inc. (2009 – 2018) and Bank of New
York Mellon (1999 – 2017)
Kevin P. ClarkPresident & Chief Executive Officer• Director since March 2015
• Founding partner of Liberty Lane Partners, LLC
• Former Chief Financial Officer of Fisher Scientific International Inc.
Paul M. Meister• Director since July 2019
• Co-Founder and CEO, Liberty Lane Partners
• Other Directorships: Oaktree Acquisition Corp., Quanterix Corporation, Scientific Games
Corporation, LKQ Corporation (1999-2018), Revlon, Inc. (2016-2018) and vTv Therapeutics Inc.
(2015-2018)
Ana G. Pinczuk• Director since November 2016
• Chief Development Officer for Anaplan
• Other Directorships: KLA-Tencor Corporation
Nancy E. Cooper• Director since February 2018
• Former Executive Vice President & CFO of CA Technologies
• Other Directorships: Brunswick Corporation, Guardian Life Insurance Company of America,
The Mosaic Company and Teradata Corporation (2009-2017)
Frank J. Dellaquila• Director since December 2017
• Senior Executive Vice President & CFO of Emerson Electric Co.
Colin J. Parris• Director since December 2017
• Vice President, GE Software Research for the General Electric Company
• Former Vice President, Systems Research in the IBM T.J. Watson Research Division
Robert K. (Kelly) Ortberg• Director since September 2018
• Chief Executive Officer, Collins Aerospace
• Other Directorships: Rockwell Collins, Inc. (2013 - 2018)
Lawrence A. Zimmerman• Director since November 2009
• Former Vice Chairman and Chief Financial Officer of Xerox Corporation
• Other Directorships: Flextronics International Ltd., Brunswick Corporation (2006-2015),
and Computer Sciences Corporation (2012-2014)
Sean O. Mahoney• Director since November 2009
• Former Partner and Head of Financial Sponsors Group at Goldman Sachs & Co
• Other Directorships: Arconic Inc., iHeartMedia, Inc., Post-bankruptcy Board of Lehman
Brothers Holdings Inc., Alcoa Inc. (2016), Cooper-Standard Holdings, Inc. (2015-2018)
and Formula One Holdings (2014-2017)
15
Senior Leadership
Kevin P. ClarkPresident and Chief Executive Officer
Glen De VosSenior Vice President and
Chief Technology Officer
William H. GugginaVice President, Global Operations
Joseph R. MassaroSenior Vice President
and Chief Financial Officer
Wendy F. MillerSenior Vice President
and Chief Marketing Officer
Mariya TrickettSenior Vice President and
Chief Human Resources Officer
Michael GassenSenior Vice President, Sales and President,
Aptiv Europe, Middle East, Africa and Russia
Elena Doom RosmanVice President, Investor Relations
David M. SherbinSenior Vice President, General Counsel,
Chief Compliance Officer and Secretary
Tim J. ClarkSenior Vice President,
Supply Chain Management
Matthew PetersonSenior Vice President and
Chief Information Officer
David PajaSenior Vice President and President,
Advanced Safety & User Experience