#1APTIV OVERVIEW Equity Roadshow, June 2020 APTIV#2Disclosure 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, such as the information on slide 9, 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 include, but are not limited to, the following: global and regional economic conditions, including conditions affecting the credit market; uncertainties posed by the novel coronavirus (COVID-19) pandemic and the difficulty in predicting its future course and its impact on the global economy and the Company's future operations; fluctuations in interest rates and foreign currency exchange rates; the cyclical nature of global automotive sales and production; the potential disruptions in the supply of and changes in the competitive environment for raw material integral to the Company's products; the Company's ability to maintain contracts that are critical to its operations; potential changes to beneficial free trade laws and regulations such as the United States-Mexico-Canada Agreement and its predecessor agreement, the North American Free Trade Agreement; the ability of the Company to integrate and realize the expected benefits of recent transactions; the ability of the Company to attract, motivate and/or retain key executives; the ability of the Company to avoid or continue to operate during a strike, or partial work stoppage or slow down by any of its unionized employees or those of its principal customers; and the ability of the Company to attract and retain customers. Additional factors are discussed under the captions "Risk Factors" in the applicable preliminary prospectus supplement and "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. The Company has filed a registration statement with the SEC for the offerings to which this presentation relates. Before you invest in any securities of the Company, you should read the applicable preliminary prospectus supplement, the accompanying prospectus, and other documents the Company has filed with the SEC for more complete information about the Company and the offering. You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, the Company, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it from Goldman, Sachs & Co., Attn: Prospectus Department, 200 West Street, New York, NY 10282, telephone: 1-866-471-2526, facsimile: 212-902-9316 or by emailing [email protected]. In presenting the Company's results, management has included and discussed certain non-GAAP measures. Management believes that these non-GAAP measures, which may be defined differently by other companies, better explain the Company's results of operations in a manner that allows for a more complete understanding of the underlying trends in the Company's business. However, these measures should not be viewed as a substitute for those determined in accordance with GAAP. For a description of non-GAAP measures and reconciliations used in this presentation, please see the slides entitled "Appendix" included in this presentation. This presentation shall not constitute an offer to sell, or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. 2 Aptiv Equity Roadshow APTIV. ●#3Today's Presenters 3 Kevin Clark President and Chief Executive Officer Aptiv Equity Roadshow Joe Massaro Senior VP, Chief Financial Officer ·APTIV.#4Offering 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 ● ● 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 APTIV#5We are a global technology company that develops safer, greener and more connected solutions, which enable the future of mobility. •APTIV.#6Aptiv Today 2019 FINANCIAL PERFORMANCE $Billions, except per share amount $22.1 6 $14.4 $2.3 $4.80 $1.6 Note: EBITDA and EPS adjusted for restructuring and other special items; see appendix for detail and reconciliation to US GAAP. BOOKINGS REVENUE EBITDA Aptiv Equity Roadshow EARNINGS PER SHARE OPERATING CASH FLOW GLOBAL FOOTPRINT AND CAPABILITIES Aptiv is a global technology company, with more than 160,000 employees across 126 manufacturing facilities and 12 major technical centers worldwide. With a presence in 44 countries, we address mobility's toughest challenges through our deep software and systems integration expertise, delivering market relevant solutions for our customers. SAFE A FUTURE WITH ZERO ACCIDENTS Technical Centers Manufacturing Sites GREEN A FUTURE WITH ZERO EMISSIONS CONNECTED A FUTURE WITH SEAMLESS CONNECTIVITY#7Proactive Portfolio Actions SMART PORTFOLIO ENHANCEMENTS HAVE POSITIONED APTIV TO THRIVE IPO 2011 7 Oct 2012 FCI Oct 2014 Antaya Oct 2014 Unwired AQUISITIONS enhancing automated driving & data management capabilities at attractive valuations Jun 2015 Thermal Jul 2015 ottomatika Aptiv Equity Roadshow Jul 2015 Reception Systems Dec 2015 HellermannTyton Nov 2015 Control-Tec EXITED low growth commodity businesses, where limited opportunity for differentiation was increasingly driving price pressure Dec 2016 Mechatronics ACQUISITIONS increasing our scale and leverage in engineered components and presence in adjacent markets Nov 2017 nu Tonomy 0⁰ Dec 2017 Powertrain Segment Spin-off Jun 2018 KUM Oct 2018 Winchester Nov 2019 gabocom POWERTRAIN SEGMENT SPIN-OFF positioned Aptiv to better leverage brain and nervous system capabilities Mar 2020 Automated Driving 50/50 Joint Venture with Hyundai •APTIV.#8Aptiv Business Segments INDUSTRY LEADING PORTFOLIO OF ADVANCED TECHNOLOGIES ALIGNED TO SAFE, GREEN AND CONNECTED MEGATRENDS ADVANCED SAFETY & USER EXPERIENCE ENCOMPASSES OUR DEEP EXPERTISE IN CENTRALIZED COMPUTING PLATFORMS, ADVANCED SAFETY SYSTEMS AND THE IN-VEHICLE EXPERIENCE. 2019 Actuals REVENUE $4.1 B +12% GOM1 EBITDA MARGIN² 14.5% REVENUE BY PRODUCT LINE² ACTIVE SAFETY CONNECTIVITY & SECURITY OTHER O INFO & USER EXPERIENCE SIGNAL & POWER SOLUTIONS LEVERAGES OUR HERITAGE AS A GLOBAL ARCHITECTURE & COMPONENTS PROVIDER AND SYSTEMS INTEGRATOR TO DELIVER THE HIGH-SPEED DATA AND HIGH-POWER ELECTRICAL SYSTEMS REQUIRED FOR FEATURE-RICH, HIGHLY-AUTOMATED VEHICLES. 2019 Actuals REVENUE $10.3B +8% GOM1 EBITDA MARGIN 17.6% REVENUE BY PRODUCT LINE ELECTRICAL DISTRIBUTION SYSTEMS (EDS) ENGINEERED COMPONENTS GROUP (ECG) Note: EBITDA margin adjusted for restructuring and other special items; see appendix for detail and reconciliation to US GAAP. 1. Adjusted revenue growth over Aptiv weighted market 2. Excludes automated driving investments, which were transferred into Aptiv / Hyundai Autonomous Driving Joint Venture on March 26, 2020; see appendix for detail Aptiv Equity Roadshow 8 COMMERCIAL VEHICLE & INDUSTRIAL END MARKETS •APTIV.#9Rapidly Growing Addressable Markets LEVERAGING OUR STRENGTHS TO UNLOCK INCREMENTAL ADDRESSABLE MARKET OPPORTUNITIES BY 2025 TOTAL ADDRESSABLE MARKET ($ Billions) $80 $13 SAGA 69 $13 $13 $26 2020 Aptiv Equity Roadshow ~1.5x HIGH VOLTAGE ACTIVE SAFETY CONNECTIVITY & SECURITY INFO & USER EXPERIENCE ENGINEERED COMPONENTS ELECTRIAL DISTRIBUTION SYSTEMS $120 $11 $14 $17 $20 $20 $38 ~2.0x H $50 $20 $10 $20 NEW & ADJACENT MARKETS CV & DIVERSIFIED MARKETS AUTOMATED DRIVING CONNECTED SERVICES & DATA STRONG UNDERLYING MARKET GROWTH DRIVEN BY SAFE, GREEN AND CONNECTED MEGATRENDS 2025 $170 Source: Management estimates#10Robust Business Model LEADING PORTFOLIO OF ADVANCED TECHNOLOGIES ENABLING THE FUTURE OF MOBILITY CONNECTED A FUTURE WITH SEAMLESS CONNECTIVITY SAFE A FUTURE WITH ZERO ACCIDENTS PROVIDING END-TO-END SOLUTIONS THE BRAIN AND THE NERVOUS SYSTEM, TOGETHER, ALLOW US TO SOLVE CUSTOMERS' TOUGHEST CHALLENGES WITH VALUABLE, LOWER COST ARCHITECTURAL SOLUTIONS AS&UX | THE BRAIN COMPUTE SOFTWARE Collect and process Act on the information the information to enable functionality 10 GREEN A FUTURE WITH ZERO EMISSIONS Aptiv Equity Roadshow S&PS | THE NERVOUS SYSTEM POWER Energize sensors and components DATA Transmission and processing throughout the vehicle WITH A CONSISTENT MANAGEMENT PHILOSOPHY DISCIPLINED REVENUE GROWTH Focused on Safe, Green and Connected Balanced customer, platform and regional growth ● COST STRUCTURE OPTIMIZATION Increase leverage in operating model, footprint optimization Continuous improvement culture ● DISCIPLINED CAPITAL ALLOCATION Maintain investment grade ratings Driving organic growth and acquisitions; return excess cash to shareholders ● ● • APTIV.#11Strong Operating Execution. BUILDING A MORE SUSTAINABLE MODEL OUR FLEXIBLE AND SUSTAINABLE BUSINESS MODEL... 11 Optimized portfolio of advanced technologies Leading market positions around safe, green and connected megatrends III B offrerte 911 SCABIOE MCGIS 101601fd 3000LLIS 08900108 fosforte olttolfs Triioite feererte stofffre 1888ofre GIFSFITO DELE 30808198 01691110 1111110 01180118 88889100 GLITBITS Irrierie ree10110 00101110 10000rre ODIONTIS FITTON Reduced overhead expenses by $350M last 5 years oferre ererrire resserre erreurs E rearts rrrerie orre rerrcors egree rare Grse woorrreste 60000100 perterre roerer1e 00000106 eroorrre rercorre sesorris 80098168 16910rro G1110110 rritorio reororro srorrrro recurry Significantly feererte BIOFILEO 10850TES, OLIAL fixed cost DIIS LITIOrte Isorerie s9101FTO FORGOLIO OLIBEMB SOBOTGO BECette reterite openerse areerrre rererTTO DETTOIO 80881118 68900108 01110110 110110 18018118 001ODLIO 16000LIS 81501DIO te preferio retreere 99506189 firierte eragirre sofortie FISSETTO rritorio errigere 00000rse oorrorro reeforre 00000100 oreorite ferestre cosofrio 00000100 feeretio offrorto trietro rootorie oferrite rea80110 SADEUTOS SIGettre firperre erresire 6000ores offretro rrriorre resterie SOPOTTIS 180004 No single customer more than ~10% of salestrierre rosierre oportere receptio for pressert restorie reestre ressorte orrorELS TELE Balanced regional, customer, platform and end market mix tortoate desseree Niterio eroorrro cotorrre troorrie irrerte orridoro 600001 Stores118 90091119 08608168 issierie ertterre rirrerie reeferre orefttre resserre erreftro FEFE LOTTOLIES trrrerte oTTIALLO STE INDUSTRY LEADING TECHNOLOGY PORTFOLIO OPTIMIZED COST STRUCTURE DIVERSIFIED REVENUES FINANCIAL STRENGTH Aptiv Equity Roadshow ● ...IMPROVING OUR ABILITY TO PERFORM THROUGH-CYCLE ● More sustainable business, improved through-cycle resiliency • Investment grade credit rating ● APTIV.#12Addressing Challenging Problems VEHICLE FATALITIES COMING DOWN GLOBALLY, BUT PASSIVE SAFETY AT ITS LIMIT; ADVANCED SAFETY SOLUTIONS CRITICAL IN REDUCING VEHICLE FATALITIES World Health Organization 1.35M ROAD TRAFFIC DEATHS ANNUALLY ADDRESSING THE PROBLEM 12 EU and China NCAP continue to toughen safety protocols, with several features mandated in 2022+ >30% L2/2+/L3 ADAS penetration by 2030¹ High customer satisfaction, 90% of consumers intend to repurchase² Aptiv Equity Roadshow ~ EMISSIONS REGULATIONS BECOMING INCREASINGLY STRINGENT GLOBALLY TO HELP IMPROVE AIR QUALITY AND REDUCE TRANSPORTATIONS ENVIRONMENTAL IMPACT European Environment Agency #1 AIR POLLUTION IS THE NUMBER ONE ENVIRONMENTAL CAUSE OF DEATH IN THE EUROPEAN UNION ADDRESSING THE PROBLEM EU and China regulations / incentives to drive EV adoption. Nearly 50% of new vehicle sales in 2030 expected to be xEV Lower battery costs expected to drive total cost of owning BEV equal to or better than ICE by ~2023 URBANIZATION AND CONSUMER EXPECTATIONS DRIVING DEMAND FOR MORE INTELLIGENT, INTEGRATED AND PRODUCTIVE SOLUTIONS IHS Markit 125B CONNECTED loT DEVICES WORLDWIDE BY 2030 ADDRESSING THE PROBLEM ********** 85% of all vehicles expected to be connected by 2025, up from approximately 67% today Data / analytics plus OTA could reduce up to 50% of OEM warranty costs 1.BCG Consulting estimates 2. McKinsey Survey APTIV.#13Acceleration of Safe, Green & Connected Megatrends ADVANCED TECHNOLOGIES ADDRESSING CUSTOMERS TOUGHEST CHALLENGES SAFE 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 ASIL-D engineering, design and test competencies ADDRESSABLE CPV 13 $5,000+ Aptiv Equity Roadshow GREEN 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 Driver assistance systems with V21 ADDRESSABLE CPV $2,000+ CONNECTED APTIV MISSION SEAMLESS INTEGRATION BETWEEN THE CAR, ITS PASSENGERS, AND THE WORLD AROUND IT APTIV TECHNOLOGIES Secure connected gateways (Cellular, Satellite, DSRC, GPS) V2X Modules: Vehicle To Vehicle / Infrastructure 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+ •APTIV.#14Strengthening Leadership Positions COMPETITIVE MOAT CONTINUES TO EXPAND NOUVERESSENT CAPITALIZING ON 42 SAFE, GREEN AND CONNECTED 14 MEGATRENDS WHICH ENABLE THE FUTURE OF MOBILITY me Aptiv Equity Roadshow 0 ACTIVE SAFETY Industry-leader in advanced perception systems, compute platforms, and scalable satellite architecture solutions ARCHITECTURE Unique ability to integrate the vehicle's brain and nervous system to conceive, specify and deliver the advanced architectures of the future ELECTRIFICATION Leader in robust high voltage connectors, fastening, and electrical distribution systems ENGINEERED COMPONENTS Leading auto and non-auto interconnect and engineered fastening systems provider CONNECTIVITY Global provider of edge processing, data analytics and OTA data management solutions AUTOMATED DRIVING Aptiv / Hyundai JV focused on commercializing autonomous driving technology APTIV#15Scalable Platform Solutions APTIV IS A PARTNER OF CHOICE AS OEMS LOOK FOR COST EFFECTIVE TECHNOLOGY SOLUTIONS » 15 APTIV'S OPTIMIZED SOLUTION SATELLITE ARCHITECTURE Provides a flexible solution capable of scaling active safety from LO and beyond HV VEHICLE ARCHITECTURE Packaging our high voltage electrification solutions - wiring harness, connectors, electrical centers, cable management VEHICLE CONNECTIVITY Provides a solution to identify root cause of warranty issues with edge analytics, cloud warranty application, and hardware Aptiv Equity Roadshow SAVINGS TO OEM CUSTOMERS 30-40% REDUCTION IN WEIGHT AND SIZE Errorro BIOSTIO 801GILIO Alternative material technology on heavy gauge cables forre 6000ores erfferte Frrierre roerente corettes 19 Optimization of traditional gauge cable routing Eliminating complex welding splice interfaces 10% OEM COST SAVINGS ON LIKE-FOR-LIKE FEATURES Additional savings from the overlay across multiple vehicle models in the customer's line-up DOLLS SLIGHTLO INVOLLE OLFIGLIO DIE Launching with 5 customers over next 1-2 years or socorris 09909158 losion Hoffe Tiitelle iceronte sfoffris 18069110 orrorts In 19666/98 91691716 FEIOTIO 81180118 89999100 e1118110 Irrier18 10010110 0010111e 10000rre errore FISI 35966109 91001110 18169811S 808B1TIG 68688186 18818118 91rrerie prire110 100101re oferntre 18088110 61FOLLIS MILL DA PAR Fastere. Terent is. AbgerFFER ROASAFAG FASTBETS orristrs TIFIGLIO 19OTOLTE ATOLLLER. FORORE IA OFERLER torto otrrorro rrrrorro rorroero 00000100 1111er10 erserire corortie risorris irrorro orrisero 60000100 serierre roerer1e 00000100 eroorrre 1ercorre esser11s 00000100 10010rro orriente rritorie reororre storrrre toodrzu 140 6581811S 801GILIS 08699168 0180rre trenIQ OLIGOTTO 69000168 91LIGHTS TITIOLIS 18018110 SSIOPEIO LOBOGLIO OFIBILID 10 0009110 00900109 GITIBETO LETTORIO 10010110 00101110 1600219 054RIES AN 11011 18310110 60000100 1110 refoorre 00001110 00000100 roerotto offrorio irristie roororre orele 1666911 ● ● 198118 00891118 88899188 18819118 01118110 ILLIOLIS 10010110 01011110 10000119 TL 90serire sessores erforre FISSION TESSSOR reererte pressure recorre GETOFEED THE e 90corrre esseres erfrente preorror rressort 10990 FICCONES CONSTLS GEIGELIS FELL ma picha morte retroure dodegree fattorio eregrrro cororte troonte rriterte orridore 00000 ferestre 98001110 00000100 1801811O OTTIOLIO Irrorro 1801OTIO OIGTITIO 16890118 errorrie tr HECROSIETES 90889106 9111stre Firrorre reoretre sereptre resserre errortre tirretre 9111918 911 UP TO 50% REDUCTION IN SOFTWARE-RELATED WARRANTY COSTS Aptiv's Connectivity Platform develops meaningful insights from vehicle data collected over the air, identifying issues earlier while improving customer experiences and relationship management ● ● APTIV.#16Aptiv Technology Solutions Delivered Responsibly SUSTAINABILITY EFFORTS FOCUSED ON PEOPLE, PRODUCT AND PLANET Creating exceptional value for customers which generates best- in-class returns for shareholders APTV OUR STAKEHOLDERS 16 Assessing and reducing the impact of our products and supply chain on the environment; improving our local communities PLANET Aptiv Equity Roadshow PEOPLE The right people, organized and incentivized to create long-term value PRODUCT APTIV Leading portfolio of advanced technologies aligned to solving our customers toughest challenges RECENT RECOGNITIONS WORLD'S MOST ETHICAL COMPANIES WWW.ETHISPHERE.COM MSCI ESG RATINGS CCC B BB BBB A AA AAA SUSTAINALYTICS MEMBER OF Dow Jones Included in the Dow Jones Sustainability Indices Sustainability Indices (DJSI). In Collaboration with RobecoSAM < CDP DRIVING SUSTAINABLE ECONOMIES Ethisphere Institute: 2020 World's Most Ethical Companies® for the eighth year in a row. In 2019, Aptiv received a rating of A (on a scale of AAA-CCC) in the MSCI ESG Ratings assessment. FTSE4Good Ranked #3 in the Auto Parts industry category; ESG Risk Rating: Low Risk Carbon Disclosure Project: Volunteer respondent to the climate investor carbon and water reporting since 2012. CDP Score: B. Ranked #4 in the Autos & Parts JUST capital industry category and included in the JUST U.S. Large Cap Equity ETF. Included in the FTSE4Good Index Series ● APTIV.#17Financial Framework STRONG FOUNDATION WITH PATH TO FURTHER VALUE CREATION GROWTH OVER MARKET COST STRUCTURE OPTIMIZATION INVESTMENTS FOR GROWTH CAPITAL DEPLOYMENT UPSIDE 2015 1. Adjusted revenue growth over Aptiv weighted Market Aptiv Equity Roadshow 17 RECORD NEW BUSINESS WINS DRIVE CONSISTENT MARKET OUTPERFORMANCE $6B+ HIGH VOLTAGE BOOKINGS SINCE 2015 $14B+ ACTIVE SAFETY BOOKINGS SINCE 2015 EXPANDED INTO CV & DIVERSIFIED MARKETS DIVESTED LOW GROWTH COMMODITY BUSINESSES MARKET OUTPERFORMANCE Growth Above Market 1; Aptiv weighted market growth GROWTH ABOVE MARKET 8% MARKET GROWTH 0% 9% 1Q18 3% 13% -2% 2Q18 3Q18 2018: (1%) 11% -3% 2019 9% -4% 4Q18 1Q19 Global Vehicle Production 9% -5% 8% -2% 2Q19 3Q19 2019: (5%) 9% -7% 4Q19 •APTIV.#18Financial Framework STRONG FOUNDATION WITH PATH TO FURTHER VALUE CREATION GROWTH OVER MARKET COST STRUCTURE OPTIMIZATION INVESTMENTS FOR GROWTH CAPITAL DEPLOYMENT UPSIDE 18 Aptiv Equity Roadshow 2015 CONSTANTLY IMPROVING COST STRUCTURE, REDEPLOYING SAVINGS IN HIGH RETURN INVESTMENTS REDUCED OVERHEAD EXPENSES BY $350M LAST 5 YEARS SIGNIFICANTLY LOWERED FIXED COST BASE OPTIMIZED GLOBAL EXECUTION CAPABILITIES 91% BEST COST COUNTRY FOOTPRINT EBITDA BREAKEVEN Production volume decline vs. today's levels $14B 2019 Revenue -45% Sales Reduction 2019 $8B 2019 Breakeven Revenue Level •APTIV.#19Financial Framework STRONG FOUNDATION WITH PATH TO FURTHER VALUE CREATION GROWTH OVER MARKET COST STRUCTURE OPTIMIZATION INVESTMENTS FOR GROWTH CAPITAL DEPLOYMENT UPSIDE 2015 REINVESTING FOR ACCELERATED GROWTH AND MARGIN EXPANSION THROUGH THE CYCLE Supporting record customer awards in Active Safety and Electrification Implementation of agile methods and platform reuse drives more efficiency Funding development of next-gen vehicle architectures → SVA™M Leveraging engineering footprint rotation to best cost countries with right capacity in right locations ENGINEERING INVESTMENTS Net,, % of Total Revenue -6% Of Sales 2019 2015 1. Excludes automated driving investments, which were transferred into Aptiv / Hyundai Autonomous Driving Joint Venture on March 26, 2020; see appendix for detail 19 Aptiv Equity Roadshow ~7% Of Sales 20191 •APTIV.#20Financial Framework STRONG FOUNDATION WITH PATH TO FURTHER VALUE CREATION GROWTH OVER MARKET COST STRUCTURE OPTIMIZATION INVESTMENTS FOR GROWTH CAPITAL DEPLOYMENT UPSIDE 20 Aptiv Equity Roadshow 2015 DISCIPLINED CAPITAL DEPLOYMENT TRACK RECORD CASH RETURNED TO SHAREHOLDERS -40% CAPITAL EXPENDITURES -30% MERGERS & ACQUISITIONS -30% $11.8B 2015-2019 CAPITAL DEPLOYMENT M&A TRACK RECORD PURCHASE PRICE HellermannTyton $1.8B KUM Winchester $680M Interconnect. 2019 gabocom $311M REVENUE $526M $250M $750M $300M $100M ANNUAL SYNERGY 1.5x 1.4x 1.4x 1.0x •APTIV.#21Aptiv Performance Track Record DISCIPLINED PORTFOLIO MANAGEMENT TRANSLATING INTO STRONGER FINANCIAL RETURNS 2015 20191 PRODUCT PORTFOLIO REVENUE BY REGION GROWTH OVER MARKET² Reported Revenue EBITDA MARGIN ³ EBITDA ³ OPERATING CASH FLOW DEBT Average Tenor NET DEBT/EBITDA 3 Debt / EBITDA³ O O 2012 S&PS AS&UX POWERTRAIN THERMAL SYSTEMS ΝΑ ΕΜΕΑ APAC ROW (1%) $15.5B 13.8% $2.1B $1.5B $2.5B 5.3 yrs 0.6x 1.2x 43% 17% 30% 10% 35% 41% 18% 6% O O S&PS AS&UX POWERTRAIN ΝΑ ΕΜΕΑ APAC ROW +5% $15.2B 16.5% $2.5B $1.7B $4.0B 7.5 yrs 1.4x 1.6x 53% 18% 29% 38% 35% 25% 2% O S&PS AS&UX ΝΑ EMEA APAC ROW +9% $14.4B 16.8% $2.4B $1.8B $4.4B 9.4 yrs 1.6x 1.8x 72% 28% 38% 33% 27% 2% 1. 2019 pro forma to exclude automated driving investments, which were transferred into Aptiv / Hyundai Autonomous Driving Joint Venture; see appendix for detail and reconciliation to US GAAP 21 2. Adjusted revenue growth over Aptiv weighted market APTIV. 3. Adjusted for restructuring and other special items; see appendix for detail and reconciliation to US GAAP#22Financial Performance Drives Value Creation ROBUST REVENUE AND EARNINGS RELATIVE TO PEERS DRIVES CONSISTENT OUTPERFORMANCE GROWTH Revenue, IHS Production 2015 2016 2017 Aptiv | 132 2018 Peers² | 115 Production | 101 2019 EBITDA Adjusted EBITDA¹ 2015 2016 2017 2018 Aptiv | 142 Peers² | 100 2019 TSR 2015-20193 1-Year (2019) 3-Year (2017-19) 5-Year (2015-19) 1. Adjusted EBITDA excludes automated driving investments which were transferred into Aptiv / Hyundai Autonomous Driving Joint Venture on March 26, 2020; Excludes restructuring, stranded and other costs related to accounting treatment for Discontinued Operations (DO) and other special items 2. Peer group includes: CON, DENSO, LEA, MGA, VALEO, VC 3. Growth, Income, and Total Shareholder Return data sourced from Capital IQ 22 Aptiv Equity Roadshow S&P 500 Peers² APTV S&P 500 S&P 500 29% Peers² APTV 12% Peers² 10% APTV 44% 56% 15% 57% 75% 67% •APTIV.#231Q 2020 vs. 1Q 2019 ($ millions, except per share amounts) REPORTED REVENUE Adjusted Growth %1 | Growth Over Market EBITDA² EBITDA Margin OPERATING INCOME² Operating Margin EARNINGS PER SHARE² OPERATING CASH FLOW NET DEBT / EBITDA² Debt / EBITDA² 1Q 2020 $3,226 $411 12.7% $231 7.2% $0.68 $161 1.9x 2.9x Fav / (Unfav) ($349) (7%) | 13% ($107) (180) bps ($114) (250) bps ($0.37) (35%) $77 • Vehicle production down (20%) AS&UX Up 11% GoM, S&PS Up 13% GoM ● ● ● ● ● ● ● COMMENTS ● Lower volume, partially offset by favorable performance Higher engineering supporting investments for growth Variable cost structure softens volume decrementals FX/Commodities of ($8M) YOY $57M share repurchases 11.2% tax rate Working capital source of cash of $13M Capital expenditures of $205M, lower by $30M YOY Reflects full drawdown of revolver in 1Q 2020 1. Revenue growth excludes impact of foreign exchange, commodities and divestitures; see appendix for growth rates and reconciliation to US GAAP 2. Adjusted for restructuring and other special items; see appendix for detail and reconciliation to US GAAP 23 Aptiv Equity Roadshow •APTIV.#242020 Vehicle Production Outlook RECOVERY IN PROCESS, VISIBILITY REMAINS LOW 24 CURRENT EXPECTATIONS KEY APTIV ASSUMPTIONS: FY20 GLOBAL LVP (20-30%) Restart activity commenced mid/late-May in Europe and North America Plants resuming operations with new safety protocols Restarts will be phased, as OEMs prioritize production of their platforms Aptiv Equity Roadshow 2020 GLOBAL LVP BY QUARTER: APTIV WEIGHTED MARKET ASSUMPTIONS Q3-20 Q1-20 Q2-20 0% -10% -20% -30% -40% -50% -60% Q4-20 APTIV#25Decisive 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.#26Summary STRATEGY FOCUSED ON PORTFOLIO OF ADVANCED TECHNOLOGIES AND OPERATING EXECUTION CREATES A MORE SUSTAINABLE BUSINESS, AND DELIVERS EXCEPTIONAL VALUE FOR SHAREHOLDERS APTIV 110 01101110 81105 1111 01110110 0110 Glioff 101111 01110110 80081 01110100 01101001 0 1111 01110110 01100 01111010 01101001 01187 11558140.03 199 11 0110100100100000 0101 011000001 01100001 01111010 01101001 0110111 26 STRATEGY of developing safer, greener and more connected platform solutions accelerating revenue growth and optimizing cost structure increases earnings and cash flow growth Aptiv Equity Roadshow PORTFOLIO of advanced technologies across brain and nervous system of the vehicle solving Tung aufsee01 6 1010 010108 01101111 01101110 01101001 00100000 01110000 01100101 01110010 00100000 01101001 01101100 00100000 01001110 01101111 01110011 01110100 01110010 01101111 00100000 01001101 01101111 01 HORST CHEC100 01101001 01101111 01101110 00100000 01100110 01101111 01110010 00100000 01100001 01111010 01101001 01101111 011011101101001 00100000 ciziege: 211931 0101001 110110 01100001 01100011 01101081 11000011 10110011011011 81111 01110110 01100001 01100011 01101001 11800011 10110011 011011 100000 01001110 01101111 01110011 01110100 01110010 01101111 00100000 01001101 01101111 01101-10 OPTORE= EXECUTION track record has created significant value for all stakeholders, disciplined capital deployment 1111 01110110 01100001 01111010 01101001 01101111 01101110 01101001 001 provides lever for additional value creation 110 01101110 01101111 01110110 01100001 01110100 01101001 01101111 01181118 8 herme 91881 1/11 01101110 001000806 1101110101081 001000 customers toughest challenges 0110010 00100000 0110001 01101100 00100000 01001110 01101111 01110011 01110100 01110010 01101111 00100000 01001101 01101111 01101110 011009 PAIG DREY 01111 01101110 00100000 01100110 01101111 01110010 88168000 61118100 81101680 6110101 0818380 81101001 011111 01101110 88100800 01110000 01101111 01110101 01110010 00100000 01110101 81181118 8010080 ·APTIV •#27● APTIV.#28APPENDIX#29Automated Driving Non-US GAAP Financial Metrics ($ millions) Total Aptiv - Reported Revenue Adjusted EBITDA Operating Cash Flow Less Mobility JV Revenue Adjusted EBITDA Operating Cash Flow Total Aptiv - Pro Forma Revenue Adjusted EBITDA Operating Cash Flow 29 Aptiv Equity Roadshow 2019 14,357 2,254 1,624 1 (151) (152) 14,356 2,405 1,776 •APTIV.#30Non-US GAAP Financial Metrics ($ millions) Net income attributable to Aptiv Interest expense Other expense (income), net Income tax expense Equity income, net of tax Net (loss) income attributable to noncontrolling interest Operating income Restructuring Other acquisition and portfolio project costs Asset impairments Deferred compensation related to nu Tonomy acquisition Gain on business divestitures and other transactions Adjusted operating income 30 Aptiv Equity Roadshow 1Q 2020 1,572 43 1 10 (2) (5) 1,619 28 14 4 (1,434) 231 1Q 2019 240 38 (16) 33 (3) 5 297 26 11 11 345 2019 990 164 (14) 132 (15) 19 1,276 148 71 11 42 1,548 •APTIV.#31Non-US GAAP Financial Metrics ($ millions, except per share amounts) Net income attributable to Aptiv Adjusting items: Restructuring Other acquisition and portfolio project costs Asset impairments Deferred compensation related to nuTonomy acquisition Gain on business divestitures and other transactions Debt extinguishment costs Transaction and related costs associated with acquisitions Gain on changes in fair value of equity investments Tax impact of adjusting items (a) Adjusted net income attributable to Aptiv Weighted average number of diluted shares outstanding Diluted net income per share attributable to Aptiv Adjusted net income per share 31 1Q 2020 1,572 Aptiv Equity Roadshow 28 14 4 (1,434) (11) 173 255.83 6.14 0.68 1Q 2019 240 26 11 11 6 (19) (2) 273 259.55 0.92 1.05 2019 990 148 71 11 42 (a) Represents the income tax impacts of the adjustments made for restructuring and other special items by calculating the income tax impact of these items using the appropriate tax rate for the jurisdiction where the charges were incurred. 6 5 (19) (18) 1,236 257.39 3.85 4.80 •APTIV.#32Non-US GAAP Financial Metrics 1Q 2020 1,572 43 1 10 (2) ($ millions) Net income attributable to Aptiv Interest expense Other expense (income), net Income tax expense Equity income, net of tax Income from discontinued operations, net of tax Net (loss) income attributable to noncontrolling interest Operating income Depreciation and amortization EBITDA Restructuring Other acquisition and portfolio project costs Deferred compensation related to nu Tonomy acquisition Gain (loss) on business divestitures and other transactions Adjusted EBITDA 32 Aptiv Equity Roadshow - (5) 1,619 180 1,799 28 14 4 (1,434) 411 1Q 2019 240 38 (16) 33 (3) 5 297 173 470 26 11 11 - 518 2019 990 164 (14) 132 (15) 19 1,276 717 1,993 148 71 42 2,254 2015 1,450 127 88 263 (16) (274) 85 1,723 540 2,263 177 47 8 2,495 2012 1,077 136 (5) 212 (27) 83 1,476 486 1,962 171 9 2,142 •APTIV.#33Non-US GAAP Financial Metrics Reported net sales % change Less: foreign currency exchange and commodities Less: divestitures and other, net Adjusted revenue growth 33 Aptiv Equity Roadshow 1Q 2020 (10%) (2%) (1%) (7%) •APTIV.