Aptiv Overview
Decisive Actions Taken to Enhance Financial Flexibility
$600M OF TARGETED ANNUAL CASH SAVINGS; OFFENSIVE EQUITY RAISE OF $2B PRESERVES FLEXIBIITY
COST REDUCTION
ACTIONS
CAPITAL
PRESERVATION
BALANCE SHEET
PROFILE & LIQUIDITY
SAFELY RESUMING
OPERATIONS
EQUITY OFFERING
25
Aptiv Equity Roadshow
APTIV ACTIONS
Workforce cost actions including executive pay cuts, employee furloughs/TLOs
Cut discretionary spending and extension of travel ban
Suspended dividend of ~$225M annually, share buybacks
-20% reduction in capital spending
Drew down $2B Revolving Credit Facility
Extended substantially all of the credit agreement maturity to August 2022
Deployed Aptiv's Global COVID-19 Pandemic Plan across all sites
Restarts aligned with customer schedules and government approvals
$2B equity issuance provides flexibility for additional growth and debt reduction
Track record of disciplined capital allocation, long-term value creation.
APTIV.View entire presentation