Aptiv (APTV) Barclays 43rd Annual Industrial Select Conference summary

Portfolio transition and strategic focus

• Spinning off the EDS business into Versigent to sharpen focus on intelligent systems and interconnects.

• New Aptiv will emphasize software stack, advanced compute, and sensor suite for automotive and non-automotive markets.

• 25% of revenues already come from non-automotive sectors, with strong positions in aerospace, defense, industrial, telecom, and datacom.

• The new structure aims for higher growth, margins, and cash generation, enabling investment and shareholder returns.

Growth drivers and market expansion

• Bookings of $25–$30 billion over the past 3–5 years underpin confidence in future growth.

• Program cancellations in China and legacy UX headwinds will abate in 2026, supporting improved growth.

• Significant progress with China domestic and non-China APAC OEMs, especially in Japan, Korea, and India.

• Non-automotive bookings at $4 billion annually, with industrial revenues growing 8–10%.

• Commercial vehicle growth driven by delivery vans; industrial segment is the fastest-growing non-auto area.

Competitive positioning and product application

• Existing presence in A&D, robotics, and drones through Wind River and Winchester portfolios.

• Automotive technology and scale provide cost and quality advantages in new markets.

• Validation for non-auto applications is less stringent, enabling faster adaptation and market entry.