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Aptiv — Jan 22, 2025 release

Fiscal 2024 fourth-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001521332-25-000003
Open on SEC.gov ↗
Showing in the filing
Separation transaction completion target
“completion of the separation by March 31, 2026”
Period
FY2026
Measure
Company-defined measure
Source
Prose
All guidance in this release · 5
Revenue growth (Aptiv)
“mid-to-high single digit revenue growth”
U.S. GAAP operating income margins (Aptiv)
“low-to-mid teens U.S. GAAP operating income margins”
Adjusted EBITDA margins (Aptiv)
“high-teens-to-low-twenties Adjusted EBITDA margins”
Free cash flow (Aptiv)
“significant free cash flow”
Separation transaction completion target for FY2026
“completion of the separation by March 31, 2026”
Exhibit 99.1 · the passage around this item
… earlier in the release
Separation Transaction Details The separation transaction is expected to be effected through a spin-off of EDS, under which Aptiv shareholders will retain their current shares of Aptiv stock and receive a pro-rata dividend of shares of the new EDS company stock. The transaction is expected to be tax-free to Aptiv and its shareholders for both Swiss and U.S. federal income tax purposes. Aptiv is targeting completion of the separation by March 31, 2026, subject to final approval by Aptiv’s Board of Directors and other customary conditions, including the receipt of opinions from tax advisors and the filing and effectiveness of a Form 10 registration statement with the U.S. Securities and Exchange Commission. There can be no assurance that any separation transaction will ultimately occur or, if one does occur, of its terms or timing. Full-Year 2024 Outlook Affirmed In connection with today’s announcement, Aptiv affirmed its full-year 2024 outlook, as previously provided on October 31, 2024. As previously announced, Aptiv will release its fourth quarter 2024 financial results on February 6, 2025, and will hold an investor call the same day at 8:00 a.m. ET. Conference Call and Webcast Today The Company will host a conference call to discuss this announcement at 8:00 a.m. ET today, which is accessible by dialing +1 323-994-2093 (U.S.) or +1 888-394-8218 (international) or through a webcast at ir.aptiv.com . The conference ID number is 5856118. A slide presentation will accompany the prepared remarks and be posted on the investor relations section of the Company’s website. A replay will be available following the conference call. 3 Ad
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.