Genuine Parts : GPC 1Q24 Earnings Presentation Deck

Q1'24

Earnings Presentation

April 18, 2024

GPC Snapshot (as of 3/31/2024)

Key Statistics

Founded	1928
Headquarters	Atlanta, GA
Countries Served	17
Locations	~10,820
•	Distribution Centers	~200
•	Warehouses	~720
•	Retail (Owned/Independent)	~9,900
Employees	~60,000
Market Capitalization	~$21.6B

TTM Financial Highlights

Revenue1	$23.1B
•	Automotive	62%
•	Industrial	38%
Segment Profit Margin2	9.9%
Free Cash Flow2	~$1.0B
Dividend Yield3	2.6%

Global Footprint

TTM Revenue by Region

16%

Europe

75%

North

America

9%

Australasia

Leading Global Distributor in Diversified End Markets

1See Appendix C 2See Appendix D 3Calculated based on annual dividend per share divided by share price as of 3/31/24

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Safe Harbor Statement

FORWARD-LOOKINGSTATEMENTS: Some statements in this presentation, as well as in other materials we file with the Securities and Exchange Commission (SEC), release to the public, or make available on our website, constitute forward-looking statements that are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements in the future tense and all statements accompanied by words such as "expect," "likely," "outlook," "forecast," "preliminary," "would," "could," "should," "position," "will," "project," "intend," "plan," "on track," "anticipate," "to come," "may," "possible," "assume," or similar expressions are intended to identify such forward-looking statements. These forward-looking statements include our view of business and economic trends for the remainder of the year, our expectations regarding our ability to capitalize on these business and economic trends and to execute our strategic priorities, and the updated full-year 2024 financial guidance provided. Senior officers may also make verbal statements to analysts, investors, the media and others that are forward-looking. We caution you that all forward-looking statements involve risks and uncertainties, and while we believe that our expectations for the future are reasonable in view of currently available information, you are cautioned not to place undue reliance on our forward-looking statements. Actual results or events may differ materially from those indicated as a result of various important factors. Such factors may include, among other things, changes in general economic conditions, including unemployment, inflation (including the impact of tariffs) or deflation, financial institution disruptions and geopolitical conflicts such as the conflict between Russia and Ukraine, the conflict in the Gaza strip and other unrest in the Middle East; volatility in oil prices; significant cost increases, such as rising fuel and freight expenses; public health emergencies, including the effects on the financial health of our business partners and customers, on supply chains and our suppliers, on vehicle miles driven as well as other metrics that affect our business, and on access to capital and liquidity provided by the financial and capital markets; our ability to maintain compliance with our debt covenants; our ability to successfully integrate acquired businesses into our operations and to realize the anticipated synergies and benefits; our ability to successfully implement our business initiatives in our two business segments; slowing demand for our products; the ability to maintain favorable supplier arrangements and relationships; changes in national and international legislation or government regulations or policies, including changes to import tariffs, environmental and social policy, infrastructure programs and privacy legislation, and their impact to us, our suppliers and customers; changes in tax policies; volatile exchange rates; our ability to successfully attract and retain employees in the current labor market; uncertain credit markets and other macroeconomic conditions; competitive product, service and pricing pressures; failure or weakness in our disclosure controls and procedures and internal controls over financial reporting, including as a result of the work from home environment; the uncertainties and costs of litigation; disruptions caused by a failure or breach of our information systems, as well as other risks and uncertainties discussed in our Annual Report on Form 10-K for 2023 and from time to time in our subsequent filings with the SEC. Forward-looking statements speak only as of the date they are made, and we undertake no duty to update any forward-looking statements except as required by law. You are advised, however, to review any further disclosures we make on related subjects in our subsequent Forms 10-K,10-Q,8-K and other reports filed with the SEC.

NON-GAAPMEASURES: This presentation contains certain financial information not derived in accordance with United States ("U.S.") generally accepted accounting principles ("GAAP"). These items include adjusted net income, adjusted operating and non-operating expenses, total segment profit, total segment margin, adjusted EBITDA, adjusted diluted earnings per share and free cash flow. We believe that the presentation of these non-GAAP measures when considered together with the corresponding GAAP financial measures and the reconciliations to those measures, provide meaningful supplemental information to both management and investors that is indicative of our core operations. We considered these metrics useful to investors because they provide greater transparency into management's view and assessment of our ongoing operating performance by removing items management believes are not representative of our operations and may distort our longer-term operating trends. We believe these measures are useful and enhance the comparability of our results from period to period and with our competitors, as well as show ongoing results from operations distinct from items that are infrequent or not associated with our core operations. We do not, nor do we suggest investors should, consider such non-GAAP financial measures as superior to, in isolation from, or as a substitute for, GAAP financial information. We have included reconciliations of this additional information to the most comparable GAAP measure in the appendix of this presentation. We do not provide forward-looking guidance for certain financial measures on a GAAP basis because we are unable to predict certain items contained in the GAAP measures without unreasonable efforts. These items may include acquisition-related costs, litigation charges or settlements, impairment charges, and certain other unusual adjustments.

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Key Messages

• Delivered solid first quarter results that exceeded our expectations
• Results demonstrate the value of our complimentary business mix paired with our geographic diversity
• Making great progress with our key investment pillars, driving meaningful change in our businesses that is positively impacting our results
• We want to thank our global GPC teammates for their hard work

Strategic Initiatives and Focused Team Execution Delivering Results

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Q1'24 Performance

Sales	Gross Margin	Adj EBITDA1	Segment Profit1	Segment Margin1	Adj Diluted EPS1
$5.8B	35.9% $517M $544M	9.4%	$2.22
Increase of 0.3%	Improved 100 bps	Increase of 2%	Increase of 3%	Improved 30 bps	Increase of 4%

At March 31

Cash From Operations	Working Capital2	Capital	Ample Liquidity	Financial
$318M YTD	Strength and
$1.2B	Structure	$2.5B
	1.8x	Flexibility to
Free Cash Flow1			Drive Growth
$203M YTD		Total Debt to
	Adj EBITDA1
All comparisons are YoY unless otherwise stated 1Non-GAAP financial measures reconciled in Appendix D 2Working capital is defined as current assets less current liabilities.	GPC Q1'24 EARNINGS PRESENTATION | 5

Q1'24 Industrial Performance

Global Sales	Global Comps1	Segment Profit2	Segment Margin2
$2.2B	-2.6%	$271M	12.3%
Decreased 2.2%	12% comp in the PY	Increase of 3%	Improved 70 bps

Market	Total Sales3
North America	(2.4%)
Australasia	+4.7%

Highlights:

• Results were in-line with our expectations, against the backdrop of the most challenging quarterly comparison
• Continue to see sales growth and strong renewal rates with corporate account customers, which represents ~45% of the business
• Remained disciplined on costs to drive profit and margin expansion on lower sales

1See Appendix B; 2See Appendix C; 3Local Currency; All comparisons are YoY unless otherwise stated	GPC Q1'24 EARNINGS PRESENTATION |	6

Q1'24 Automotive Performance

Global Sales	Global Comps1	Segment Profit2	Segment Margin2
$3.6B	+0.2%	$273M	7.6%
Increase of 1.9%	7% comp in the PY	Increase of 3%	Improved 10 bps

Market	Total Sales3	Comp Sales1,3
U.S.	(0.3%)	+0.6%*
Canada	(1.0%)	(3.3%)
Europe	+8.0%	+0.6%
Australasia	+2.3%	+1.2%

*U.S. comp sales excludes a negative impact of 130 basis points from new incentive programs associated with changes to certain supplier arrangements

Highlights:

• Total Automotive results benefited from global diversification, continued growth in Europe and Australasia
• Actions previously outlined at U.S. Automotive are driving improvement and expect benefits to build throughout the year
• Improvement in segment margin from the same period last year

1See Appendix B; 2See Appendix C; 3Local Currency; All comparisons are YoY unless otherwise stated	GPC Q1'24 EARNINGS PRESENTATION |	7

How We Win

Foundational Priorities for Strategic Investments

Talent &	Sales
Culture	Effectiveness
Develop high potential	Utilize data and analytics
talent and infuse	to understand our
capabilities into the	customer segments and
organization to build	drive solution-based
diverse, high-performing	sales and commercial
teams	strategies

Technology

Enhance data and digital capabilities to deliver a best-in-class customer experience, profitable growth and operational productivity

Supply	Emerging
Chain	Technology
Modernize operations	Lead in emerging
to increase productivity	technologies and leverage
and efficiency across	our unique positioning,
inventory, facilities and	global scale and
logistics capabilities	One GPC team approach

Mergers & Acquisitions

Acquire strategic assets and create value via scale, footprint, customer relationships, products and services and technology

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Effective Capital Allocation

YTD 2024 Capital Deployment

27%

32%

~$420M

9%

32%

Reinvestment

M&A

Share Repurchases

Dividend

1 Includes proceeds from divestiture

Key Priorities

Reinvestment

• ~$116M CapEx YTD
• Projecting '24 CapEx of ~$500M

M&A

• ~$135M YTD
• Targeting additional acquisitions in '24

Share Repurchases

• ~$37M spend for ~261K shares YTD
• Continued share buy-backs in '24

Dividend

• ~$133M in cash dividends paid YTD
• 2024 cash dividend of $4.00 per share, +5% from 2023
• • 68th consecutive year of increased dividends paid to our shareholders

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2024 Outlook1

		Current	Previous
	Total Sales Growth	3% to 5%	3% to 5%
	• Automotive	2% to 4%	2% to 4%
	• Industrial	3% to 5%	3% to 5%
	Diluted EPS	$9.05 to $9.20	$8.95 to $9.15
	Adj Diluted EPS	$9.80 to $9.95	$9.70 to $9.90
	Adj EPS Growth	5% to 7%	4% to 6%
	Cash from Operations	$1.3B to $1.5B	$1.3B to $1.5B
	Free Cash Flow2	$800M to $1B	$800M to $1B

	• Corporate expenses ~1.5% to 2% of sales
OTHER ASSUMPTIONS	•	Capex ~$500M
•	Interest expense ~$100M

• Tax rate ~24%

1Our guidance considers several factors, including recent business trends and financial results, current growth plans, strategic initiatives, global economic outlook, geopolitical conflicts and the	GPC Q1'24 EARNINGS PRESENTATION | 10
potential impact on results. We will update full-year guidance during 2024, as appropriate. 2A non-GAAP measure (See Appendix D)