First Quarter 2023 Earnings Call
1Q 2023 vs. 1Q 2022
($ Millions, except per share amounts)
REPORTED REVENUE
Adjusted Growth %¹ | Growth Over Market
EBITDA²
EBITDA Margin
OPERATING INCOME²
Operating Margin
EARNINGS PER SHARE²
Growth %
OPERATING CASH FLOW
10
1Q 2023
1Q 2023 Earnings | May 4, 2023 | Aptiv
$4,818
$594
12.3%
$437
9.1%
$0.91
Fav / (Unfav)
$640
15% | 6%
$116
90 bps
$113
130 bps
($9)
1. Revenue growth excludes impact of foreign exchange, commodities and acquisitions.
2. Adjusted for restructuring and other special items; see appendix for detail and reconciliation to US GAAP. Earnings per share assumes
conversion of preferred shares and excludes anticipated preferred share cash dividends; see appendix for additional detail.
$0.28
44%
$193
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COMMENTS
Active Safety and High Voltage launches in EU and China
NA impacted by program timing and supply chain constraints
-30% incremental flow on higher volumes
Lower disruption costs of +$30M
100 bps YoY margin impact due to FX/Comm headwind
Performance offset labor economics headwind
12.3% adjusted tax rate
Motional JV equity loss of $80M
Lower YoY working capital investment
Capital expenditures of $269M
•APTIV.View entire presentation