Genuine Parts Co. (GPC): Separation plans remains on track; Confirmed not in discussions with a competitor regarding the auto business

Research evidence excerpt

Genuine Parts Co. (GPC): Separation plans remains on track; Confirmed not in discussions with a competitor regarding the auto business

Goldman Sachs Genuine Parts Co. (GPC)

Exhibit 1: GPC FY26 EBITDA guidance and incremental Exhibit 2: Segment NTM EV/EBITDA valuation multiples

run-rate costs assumed in illustrative SOTP

In $ millions Using current peer valuations (as of 7/20/2026)

Peer NTM EV/EBITDA valuations

FY26 Segment EBITDA Guidance Range

Segment Low Mid High Global Automotive

Global Automotive North American Automotive

North America Automotive 700 715 730 Advance Auto Parts, Inc. 5.5x

International Automotive 560 580 600

Global Automotive 1,260 1,295 1,330 AutoZone, Inc. 12.1x

O'Reilly Automotive, Inc. 17.1x

Industrial 1,220 1,250 1,280 North American Automotive peer average 11.6x

Corporate (480) (445) (410)

International Automotive

Consolidated 2,000 2,100 2,200 LKQ Corporation 6.4x

International Automotive peer average 6.4x

Incremental run-rate costs Global Automotive Segment Weighting

Type Low Mid High

Dis-synergies 50.0 62.5 75.0 North America Automotive 57%

Automotive 25.0 31.3 37.5 International Automotive 43%

Industrial 25.0 31.3 37.5

Weighted average Global Automotive 9.4x Allocation to Automotive 50.0%

Allocation to Industrial 50.0%

Industrial

Corporate expense allocation Applied Industrial Technologies, Inc. 19.4x

Fastenal Company 23.2x

Global Automotive

Functional support costs 190.0 200.0 210.0 W.W. Grainger, Inc. 19.2x

Product liability annual expense 20.0 20.0 20.0 Industrial peer average 20.6x

Standalone costs - - -

A/R financing annual fees 25.0 25.0 25.0

Total Global Automotive 235.0 245.0 255.0

Functional support costs - - -

Product liability annual expense - - -

Standalone costs 50.0 62.5 75.0

Total Industrial 75.0 87.5 100.0

Allocation