Aptiv Overview
Offering Summary
NEW CAPITAL TO ENHANCE FINANCIAL FLEXIBILITY AND STRENGTHEN LONG-TERM POSITION
APTIV PLC
Exchange / Ticker: NYSE / APTV and APTV PRA
$1B COMMON STOCK
Primary: 100%
Greenshoe: 15%
$1B MANDATORY CONVERTIBLE
PREFERRED STOCK
Greenshoe: 15%
Maturity: 3-year
• Dividend Range: 5.25 -5.75%
• Conversion Premium Range: 17.5 - 22.5%
OTHER DETAILS
Lock-up: 60 days for Aptiv and certain of its directors and
executive officers
• Bookrunners: Goldman Sachs & Co. LLC, Citigroup, Barclays,
BofA Securities, Deutsche Bank Securities, J.P. Morgan
Expected Pricing: June 9, 2020
Use of Proceeds: general corporate purposes
4
- Potential future investments (including acquisitions),
capital expenditures, and working capital
- Repayment of indebtedness
Aptiv Equity Roadshow
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INVESTMENT THESIS INTACT
ROBUST BUSINESS MODEL HELPS TO NAVIGATE
THROUGH THE CURRENT ENVIRONMENT
DECISIVE ACTIONS TAKEN TO ENHANCE FLEXIBILITY
AND IMPROVE LIQUIDITY DURING CRISIS
FLEXIBLE AND SUSTAINABLE BUSINESS DRIVES
CONTINUED FINANCIAL OUTPERFORMANCE AND
LONG-TERM VALUE CREATION
CAPITAL RAISED FURTHER POSITIONS APTIV TO
REMAIN ON OFFENSE, EXECUTE STRATEGY, AND
DELIVER ENHANCED SHAREHOLDER RETURNS
APTIVView entire presentation