Aptiv Overview
Balanced Capital Deployment
FOCUSED ON VALUE ENHANCING ORGANIC AND INORGANIC INVESTMENT OPPORTUNITIES
OPERATING CASH FLOW
$ Billions, Free Cash Flow Conversion ¹
723
$1.4
73%
$1.6
90%
-10%
CAGR²
$1.6
85%
$2.2-2.4
85-90%
Long Term Capital Allocation Priorities4
M&A AND SHARE REPURCHASES
45% -55%
O
CAPITAL
EXPENDITURES
35% -40%
DIVIDENDS
10%-15%
DRIVING GROWTH
Organic reinvestment to support active safety,
infotainment and engineered components growth
Adding accretive acquisitions and technology
enablers; M&A pipeline remains full
RETURNING CASH TO SHAREHOLDERS
Opportunistic share buybacks take advantage of
market dislocations
Maintaining a competitive dividend
41
2017 3 2018
2019
2022T
1. FCF Conversion: (Operating Cash Flow - CAPEX + Spin Related Cash Payments) / Net Income; Spin Related Cash Payments of $38M in 2017 and $167M in 2018
CAGR represents growth of operational cash flow only
2.
G
3. 2017 excludes the $310M payment for unsecured creditors settlement in 2017
4.
Net of cash required to support business operations
14
Aptiv Overview
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