#1STELLANTIS FULL YEAR 2021 RESULTS FEBRUARY 23, 2022#2SAFE HARBOR STATEMENT This document, in particular references to "2022 Guidance", contains forward- looking statements. In particular, statements regarding future financial performance and the Company's expectations as to the achievement of certain targeted metrics, including revenues, industrial free cash flows, vehicle shipments, capital investments, research and development costs and other expenses at any future date or for any future period are forward-looking statements. These statements may include terms such as "may", "will", "expect", "could", "should", "intend", "estimate", "anticipate", "believe", "remain", "on track", "design", "target", "objective", "goal", "forecast", "projection", "outlook", "prospects", "plan", or similar terms. Forward-looking statements are not guarantees of future performance. Rather, they are based on the Company's current state of knowledge, future expectations and projections about future events and are by their nature, subject to inherent risks and uncertainties. They relate to events and depend on circumstances that may or may not occur or exist in the future and, as such, undue reliance should not be placed on them. Actual results may differ materially from those expressed in forward-looking statements as a result of a variety of factors, including: the continued impact of unfilled semiconductor orders; the Company's ability to realize the anticipated benefits of the merger; the continued impact of the COVID-19 pandemic; the Company's ability to launch new products successfully and to maintain vehicle shipment volumes; the Company's ability to successfully manage the industry- wide transition from internal combustion engines to full electrification; changes in the global financial markets, general economic environment and changes in demand for automotive products, which is subject to cyclicality; changes in local economic and political conditions; changes in trade policy, the imposition of global and regional tariffs or tariffs targeted to the automotive industry, the enactment of tax reforms or other changes in tax laws and regulations; the Company's ability to produce or procure electric batteries with competitive performance, cost and at required volumes; the Company's ability to offer February 23, 2022 STELLANTIS innovative, attractive products and to develop, manufacture and sell vehicles with advanced features including enhanced electrification, connectivity and autonomous driving characteristics; various types of claims, lawsuits, governmental investigations and other contingencies, including product liability and warranty claims and environmental claims, investigations and lawsuits; material operating expenditures in relation to compliance with environmental, health and safety regulations; the level of competition in the automotive industry, which may increase due to consolidation; exposure to shortfalls in the funding of the Company's defined benefit pension plans; the Company's ability to provide or arrange for access to adequate financing for dealers and retail customers and associated risks related to the establishment and operations of financial services companies; the Company's ability to access funding to execute its business plans; a significant malfunction, disruption or security breach compromising information technology systems or the electronic control systems contained in the Company's vehicles; the Company's ability to realize anticipated benefits from joint venture arrangements; disruptions arising from political, social and economic instability; risks associated with the Company's relationships with employees, dealers and suppliers; increases in costs, disruptions of supply or shortages of raw materials, parts, components and systems used in the Company's vehicles; developments in labor and industrial relations and developments in applicable labor laws; exchange rate fluctuations, interest rate changes, credit risk and other market risks; political and civil unrest; earthquakes or other disasters; and other risks and uncertainties. Any forward-looking statements contained in this document speak only as of the date of this document and the Company disclaims any obligation to update or revise publicly forward-looking statements. Further information concerning the Company and its businesses, including factors that could materially affect the Company's financial results, is included in the Company's reports and filings with the U.S. Securities and Exchange Commission and AFM. FY 2021 RESULTS | 2#3EXECUTING AT FULL SPEED WITH RECORD PROFITABILITY Record 11.8% Adjusted Operating Income (AOI) Margin(1) up 70%, with all segments profitable; H2 margin up sequentially to 12.2% ~€3.2B of Net Cash Synergies drive €6.1B of Industrial Free Cash Flows (1) LEV(2) Sales Worldwide Reached 388k Units, up 160% y-o-y Commercial Vehicles Market Leader in EU30(3) and South America for 2021 with 33.7% and 30.9% share, respectively Unveiled Electrification and Software Plans with planned investments of more than €30B through 2025 Entered Several Strategic Collaborations to accelerate transformation to sustainable mobility tech company (1) On a Pro Forma basis STELLANTIS FORMULA E Maserati: Back to Racing (2) Low emission vehicles (battery electric, plug-in hybrid and fuel cell electric vehicles) (3) EU 27 (excluding Malta), Iceland, Norway, Switzerland and UK Note: Market share information is derived from third-party industry sources (e.g. European Automobile Manufacturers Association (ACEA), Ward's Automotive, Associação Nacional dos Fabricantes de Veículos Automotores (ANFAVEA)) and internal information February 23, 2022 FY 2021 RESULTS | 3#4NORTH AMERICA - RECORD PROFITABILITY STELLANTIS Record 16.3% AOI Margin (1) despite unfilled semiconductor orders, with strong pricing and mix Highest U.S. Retail ATP Among D3 OEMs(2); 2021 ATP up -20% y-o-y to $47k Entered MOUS for Two Separate Battery JVs(3) to provide at least 63 GWh of total cell capacity by 2025 Successfully Launched Two White-Space Products all-new Jeep Grand Cherokee L and Wagoneer/Grand Wagoneer All-New Jeep Wrangler 4xe #1 Selling PHEV in U.S. Retail for 2021, with 29k units Best Ever U.S. Commercial Fleet Market Share(4) at 18.7% for 2021, up 340 bps y-o-y Grand Wagoneer Jeep Wrangler PHEV Jeep AXC RAM Ram (1) On a Pro Forma basis (2) Per J.D. Power and Associates Power Information Network (PIN) data, D3 includes Ford, GM and Stellantis (3) Transactions subject to agreement on definitive documentation and customary closing conditions, including regulatory approvals (4) Record since at least 2002 per Bobit Business Media February 23, 2022 FY 2021 RESULTS | 4#5ENLARGED EUROPE - STRONG PROFITABILITY GROWTH STELLANTIS FY AOI Margin (1) of 9.1% with H2 up sequentially to 9.4% CO₂ Compliant on Standalone Basis at 110.6 g/km(2), 4% better than 2021 expected target Growth in Eurasia with 2021 market share(3) at 1.6%, up 50 bps y-o-y EU30(4) Market Share at 22.1% for 2021, flat y-o-y(3); ranked #2 in industry EU30 LEV Mix (5) at 18.1% in Dec '21, nearly doubled from Jan '21 Distribution Optimization contracts terminated and consultation with networks on more efficient retail model W-134-BA (1) On a Pro Forma basis Peugeot e-208 45 GG.CO 416E Opel Combo-e Cargo (2) Represents preliminary values for 2021 CO₂ emission performance in EU27, Iceland and Norway for passenger cars (PC) fleet registrations excluding Maserati, subject to official publication (3) PC plus light commercial vehicles (LCV) (4) EU 27 (excluding Malta), Iceland, Norway, Switzerland and UK (5) PC registrations only February 23, 2022 Fiat E-Scudo FY 2021 RESULTS | 5#6REST OF WORLD - DRIVING INCREMENTAL GROWTH STELLANTIS South America AOI Margin (1) of 8.3% with AOI of €882M, up more than 5X y-o-y Clear Market Leader(2) in Region, Brazil and Argentina 22.9%, 32.0% and 29.1% share, respectively Fiat #1 Selling Brand in South America and Brazil, with Strada top selling vehicle Middle East & Africa AOI Margin (1) of 10.5% with AOI nearly doubled y-o-y Market Share(2) Growth in most major markets y-o-y Opel Rocks-e Production Started Q3 2021, joining Ami and AmiCargo; target ~20k units of total production in 2022 China and India & Asia Pacific AOI Margin (1) of 11.1% Net Revenues (1) up 24% y-o-y Plan to Acquire Majority Stake in GAC-Stellantis JV(3) to grow Jeep in China All-new Citroën C3, developed and produced in India, to launch in H1 2022 Fiat Strada (1) On a Pro Forma basis (2) PC + LCV (3) Transaction subject to agreement on definitive documentation and customary closing conditions, including regulatory approvals February 23, 2022 VA-800-HY Opel Rocks-e Citroën C3 FY 2021 RESULTS | 6#7GLOBAL SUV STELLANTIS Pricing Power +6.5%, +1.5% and -0.2% vs. Benchmark for 2021 in U.S., Brazil and EU G7(1), respectively Best Grand Cherokee U.S. Sales Since 2000 with 264k units in 2021 Jeep Launched Compass, Renegade and Wrangler 4xe Variants in four regions, with Compass and Renegade top selling PHEVS in Italy for 2021 SUV Market Leader in South America with 14.1% segment share in 2021 -25% LEV Mix in EU30(2) for 2021, with France at -50% mix and three markets near 100% mix Highest Ever Wrangler Sales in Middle East in 2021 Jeep Grand Cherokee (1) Belgium, France, Germany, Italy, Netherlands, Spain and UK (2) EU 27 (excluding Malta), Iceland, Norway, Switzerland and UK registrations February 23, 2022 Commander Jeep Wrangler FY 2021 RESULTS | 7#8AMERICAN BRANDS CHRYSLER STELLANTIS 100% BEV Portfolio from 2028 with first BEV launched by 2025 and Airflow Concept unveiled at CES 2022 Pricing Power +2.7% vs. Benchmark for 2021 in U.S. Pacifica PHEV Achieved Record U.S. Sales in 2021, with 21k units RAM Best Full-Size Pickup Share Ever in U.S., with 26.2% share for 2021 Pricing Power +2.3% vs. Benchmark for 2021 in U.S. Highest U.S. ATP (1) for Ram 1500 at $51k/unit for 2021 DODGE Challenger #1 Selling Muscle Car in U.S. with 54k units sold in 2021 Pricing Power +7.1% vs. Benchmark for 2021 in U.S. Highest Charger and Challenger Share(2) ever, with total U.S. full-size sedan segment share of 50.9% for 2021 (1) Chrysler Pacifica PHEV Per J.D. Power and Associates Power Information Network (PIN) data (2) Record since at least 1985 February 23, 2022 RAM Ram 1500 Dodge Challenger SRT Hellcat FY 2021 RESULTS | 8#9UPPER MAINSTREAM OPEL VAUXHALL PEUGEOT STELLANTIS Market Share(1) Up in EU30(2) and Germany to 4.3% and 6.2% respectively Mokka-e Awarded Golden Steering Wheel 2021 as "Best Car under €25,000" 208 #1 Selling Vehicle and 2008 #1 Selling B-SUV in EU30 for 2021; brand becomes first time market leader in France (4) for 2021 Worldwide Sales up 5% in 2021 vs. 2020 Pricing Power +0.2% vs. Benchmark for 2021 in Europe G7(3) Corsa #1 in Germany and UK with 16.5% and 15.1% segment share, respectively, for 2021 Pricing Power +1.8% vs. Benchmark for 2021 in Europe G7 EU30 LEV Order Mix Up for passenger cars from 9% in Jan '21 to 25% in Dec '21 Opel Mokka-e (1) PC + LCV share F.OA 718E (2) EU 27 (excluding Malta), Iceland, Norway, Switzerland and UK (3) Belgium, France, Germany, Italy, Netherlands, Spain and UK (4) PC share February 23, 2022 WINNER GOLDEN STEERING WHEEL 2021 HX-808-TH Peugeot 308 SW FY 2021 RESULTS | 9#10CORE CITROËN FIAT ABARTH STELLANTIS South America Market Share Up 30 bps y-o-y to 1.4% for 2021 C4 Top Selling C-Hatch in France and Spain for 2021 with 15.6% and 11.7% segment share, respectively Market Leader(3) in Brazil, Italy and Turkey; Regained South America Leadership with 13.9% share for 2021 #1 Selling BEV in 12 Countries in A-Segment; 44k units sold globally in 2021 Pricing Power +3.0% vs. Benchmark for 2021 in Europe G7(1) BEV Sales Up Nearly 4X y-o-y to 26k units; e-C4 at 8.7% EU30(2) C-Hatch BEV segment share for 2021 Pricing Power +2.7% vs. Benchmark for 2021 in Europe G7 100% BEV Portfolio by 2027 in Europe AH-080-XX (1) Belgium, France, Germany, Italy, Netherlands, Spain and UK (2) EU 27 (excluding Malta), Iceland, Norway, Switzerland and UK (3) PC + LCV February 23, 2022 Citroën ë-C4 Do FI-500AT Fiat 500e (RED) FY 2021 RESULTS | 10#11COMMERCIAL VEHICLES STELLANTIS Market Leader in EU30(1) and South America for 2021 with 33.7% and 30.9% share, respectively; 1.9M vehicles sold globally(2) All-New Ram ProMaster BEV to be Launched in 2023 with Amazon first commercial customer #1 BEV Van Sales in EU30 with 14k vehicles sold in 2021 Best Year Ever for Worldwide Pickup Sales with ~1M vehicles sold in 2021 All-New Fiat Scudo and Ulysse to be launched in H1 2022; first ex FCA brand vehicles on converged platform First Hydrogen Fuel Cell Medium Vans Delivered in Dec '21, with >250 orders FIAT Fiat Toro (1) EU 27 (excluding Malta), Iceland, Norway, Switzerland and UK (2) Includes vans and pickup trucks only Note: Commercial vehicles market share refers to LCVS (all vehicles excluding passenger cars) February 23, 2022 FIAT ESCUDO Fiat E-Scudo HI-CC769E OPEL- VIVARO-C HYDROGEN PLUG-IN FUEL CELL ELECTROVEHOLE Opel Vivaro-e Hydrogen FY 2021 RESULTS | 11#12PREMIUM LFA ROMEO LANCIA STELLANTIS DS AUTOMOBILES 100% BEV Portfolio from 2027 100% Electrified in 2024 with 100% BEV Launches from 2026 100% BEV Launches from 2024 Pricing Power +0.9% and +0.1% vs. Benchmark for 2021 in Europe G7(¹) and U.S., respectively Turnaround on Track new momentum with launch of Tonale, brand's first electrified vehicle, in H1 2022 Pricing Power -19.6% vs. Benchmark for 2021 in Italy B-segment Ypsilon #1 Selling Car in Italy B-Segment with 6.3% share for 2021 ALDERIA FERRETTI ALBERTA FERICI Pricing Power +2.2% vs. Benchmark for 2021 in Europe G7 #2 Best LEV Mix among premium multi-energy brands in EU30(2) with 37% mix for 2021 (1) Alfa Romeo Tonale Belgium, France, Germany, Italy, Netherlands, Spain and UK (2) EU 27 (excluding Malta), Iceland, Norway, Switzerland and UK registrations February 23, 2022 Lancia Ypsilon Alberta Ferretti DS 4 GA-940-SH FY 2021 RESULTS | 12#13LUXURY Maserati STELLANTIS Back to Profitability with AOI Margin (1) at 5.1%; all-new MC20 supercar deliveries ramping up Market Share(2) Growth Globally, North America and China with 2021 share at 2.4%, 2.9% and 2.7%, respectively Worldwide Sales Up 41% y-o-y with industry(2) up 6% All-New Grecale to be unveiled in Mar '22 with deliveries to begin mid-2022 To Debut in Formula E World Championship in 2023 All-New GranTurismo on track to start deliveries in 2023 Grecale (1) On a Pro Forma Basis FORMULA E GranTurismo (2) Calculated based on IHS data and Maserati competitive segment; Global market share and industry reflects aggregate for 17 major markets where Maserati competes February 23, 2022 FY 2021 RESULTS | 13#14MOBILITY BUSINESS EXPANSION STELLANTIS Free2move A Worldwide Mobility Leader • Long-term rental originations up 15% vs. 2020 New mobility business profitable, with revenues up 38% y-o-y driven by U.S. and Europe expansion move with your time LEASYS Growth Across All Business Lines Long-term rental originations up 45% vs. 2020 driven by B2C growth Short/medium-term rental, subscriptions and car-sharing revenues up 139% y-o-y in Europe LEASYS EASIRENT.com © Free move Rear Free2move Free2move 0 e eSolutions SADORENT A CAR LEASYS RENT LEASYS ATP • • • Acceleration in E-Mobility 17% LEV mix in Europe for PC lease sales in 2021, up 800 bps vs. 2020 22% LEV mix in Europe short and medium-term rental fleet for 2021, up 800 bps y-o-y • ~46k Wallboxes sold in 2021 Launch of charging solution offerings in North America from H2 2022 February 23, 2022 New Business Expansion Acquisitions of Easirent (UK) and Sadorent (PT) expand mobility ecosystem • Expanding proprietary electric charging network, with 1,286 e-parking locations at the 665 Leasys Mobility Stores across Europe FY 2021 RESULTS | 14#15AFFILIATE SERVICE BUSINESS STELLANTIS Financial Services U.S. Captive Finco Formed as Stellantis Financial Services US; financing operations in Europe to be simplified and enhanced Creating a Multi-Brand Leasing Company (1) as a European leader; initial operations planned for H1 2023 Record Profitability with results of finance companies totaling €662M in 2021(2) Pre-Owned Vehicles Improved Business Model driven by improved pricing and cost reductions, with logistic costs down ~40% y-o-y Successful IPO of Aramis Group in Jun '21 with initial valuation of €1.9B; Stellantis remains majority shareholder Expanded Spoticar Multi-Brand Label, largest certified pre-owned platform in Europe; started operations in Turkey Parts and Services Double-Digit Sales Growth vs. 2020 driven by Independent After Market (IAM), up ~25%, and Circular Economy, up ~40% Created 4th Largest IAM Distributor in China with sales growth of -30% y-o-y Mopar Selected as OEM parts brand for Stellantis, streamlining operations and enabling parts convergence SPOTICAR SPOTICAR (1) Transaction subject to agreement on definitive documentation and customary closing conditions, including regulatory approvals (2) On a Pro Forma Basis. The results of the joint ventures with our banking partners are included in "Share of the Profit/(Loss) of Equity Method Investees" in the Company's Consolidated Income Statement. February 23, 2022 FY 2021 RESULTS | 15#1634 LEVS AVAILABLE TODAY WITH 17 LAUNCHING IN 2022 AND 2023 Start of Sale ROME CHRYSLER Available Passenger Cars Commercial Vehicles Pacifica 2022 & 2023 Launches Passenger Cars Commercial Vehicles Tonale ✪ 00 0 CITROËN Ami C4 C5 Aircross Berlingo Jumpy Jumper TBA TBA C5X DODGE DS AUTOMOBILES DS3 Crossback DS4 DS7 Crossback DS9 FIAT 0 500 FIAT PROFESSIONAL Jeep W Maserati Compass Grand Renegade Wrangler Commander Ducato TBA TBA TBA Grand Cherokee (Now Available) GranTurismo/ GranCabrio Grecale OPEL VAUXHALL Corsa Mokka Rocks-e GrandLand Combo Vivaro Movano Astra Astra SW 00 + 0 208 2008 308 3008 508 508 SW Partner Expert Boxer 308 308 SW C Crossover RAM STELLANTIS 0 34 LEVs in Market 19 BEVS (o/w 3 BEVS & FCEVs) 15 PHEVS 17 LEVS to Launch in 2022 and 2023 13 BEVs (o/w 3 BEVS & PHEVs) 4 PHEVS Scudo TBA ProMaster February 23, 2022 Note: In instances when a passenger car or commercial vehicle model also has a commercial vehicle or passenger car variant, the vehicle is only presented once based on its primary use 4 Battery Electric (BEV) 4Fuel Cell Electric (FCEV) Plug-in Hybrid (PHEV) TBA To be announced FY 2021 RESULTS | 16#17February 23, 2022 STELLANTIS FINANCIAL RESULTS FY 2021 RESULTS | 17#18BASIS OF PRESENTATION STELLANTIS • • Completed merger of Peugeot S.A. (PSA) with and into Fiat Chrysler Automobiles N.V. (FCA) on Jan 16 '21 (Merger) On Jan 17 '21, combined company was renamed Stellantis N.V. (Stellantis or Company) PSA was determined to be the acquirer for accounting purposes, therefore, historical financial statements of Stellantis represent the continuing operations of PSA, which also reflect the loss of control and the classification of Faurecia S.E. (Faurecia) as a discontinued operation as of Jan 1 '21 with the restatement of comparative periods Acquisition date of business combination was Jan 17 '21, therefore, results of FCA for the period Jan 1 - 16'21 are excluded from FY 2021 results unless otherwise stated For purposes of this presentation, the captions noted below represent the following information: 。 FY2021: excludes results of FCA for the period Jan 1 - 16'21 。 FY 2021 Pro Forma: results are presented as if Merger had occurred on Jan 1 '20 and include results of FCA for the period Jan 1 – 16 '21 。 H2 2020 and FY 2020: represents results of the continuing operations of PSA only and are not directly comparable to previously reported results of PSA and reflect accounting policies and reporting classifications of the Company °H2 2020 Pro Forma and FY 2020 Pro Forma: results are presented as if Merger had occurred on Jan 1'20 Note: All reported data is unaudited. The fair values assigned to the assets acquired and liabilities assumed have been finalized during the one-year measurement period from the acquisition date, as provided for by IFRS 3. Refer to Appendix for additional information related to Pro Forma results and reconciliations to applicable IFRS metrics. February 23, 2022 FY 2021 RESULTS | 18#19RECORD 11.8% MARGIN WITH €6.1B INDUSTRIAL FREE CASH FLOWS STELLANTIS RESULTS FROM CONTINUING OPERATIONS FY 2021 Pro Forma FY 2021 (1) FY 2020 (1) FY 2021 Pro Forma (1) FY 2020 Pro Forma (1) VS. FY 2020 Pro Forma Combined Shipments (2) (000 units) Consolidated Shipments (2) 6,049 2,512 6,142 5,947 +3% (000 units) 5,836 2,466 5,927 5,720 +4% 149,419 47,656 152,119 133,882 +14% Adjusted Operating Income * 17,827 n.a. 18,011 9,224 + 95% Adjusted Operating Income Margin * 11.9% n.a. 11.8% 6.9% +490 bps Pro Forma Consolidated Shipments +4% primarily due to impact of 2020 COVID-related temporary production suspensions, mostly offset by 2021 production losses of ~20% of planned production, or -1.7M units, due to unfilled semiconductor orders Pro Forma Adjusted Operating Income nearly doubled y-o-y to €18.0B, with margin at 11.8% and all segments profitable; H2 margin up sequentially to 12.2% Pro Forma Industrial Free Cash Flows of €6.1B reflect strong profitability and €3.2B of net cash synergies € million, except as otherwise stated Net Revenues FY 2021 (1) FY 2020 (1) FY 2021 Pro Forma (1) Industrial Free Cash Flows * 7,885 n.a. 6,072 FY 2020 Aggregated (3) 3,284 €3.3B Ordinary Dividend to be paid, subject to shareholder approval Industrial Net Financial Position * 19,090 n.a. n.a. (at Dec 31 '21) 62,706 17,826 (at Dec 31 '20) 57,278 n.a. n.a. (at Dec 31 '21) Industrial Available Liquidity (at Dec 31'20) (1) Refer to Basis of Presentation for additional information regarding amounts presented for the respective period and Appendix for additional information related to Pro Forma results and reconciliations to applicable IFRS metrics (2) Combined Shipments include shipments by Company's consolidated subsidiaries and unconsolidated JVs, whereas Consolidated Shipments only include shipments by Company's consolidated subsidiaries (3) Simple aggregation of FCA and PSA (excluding Faurecia) metrics and does not reflect purchase accounting adjustments required by IFRS. Refer to Appendix for additional information related to aggregated figures. Refer to Appendix for definitions of supplemental financial measures and reconciliations to applicable IFRS metrics n.a. - Not applicable February 23, 2022 + 85% (FY '21 Pro Forma vs. FY '20 Aggregated) +7% (Dec vs. Dec) +9% (Dec vs. Dec) FY 2021 RESULTS | 19#20NET PROFIT OF €13.4B, NEARLY TRIPLED Y-O-Y STELLANTIS RESULTS FROM CONTINUING OPERATIONS • Pro Forma Net Revenues up €18.2B, or 14% FY 2021 • Pro Forma Net Financial Expenses up €74M, primarily due to FY 2020 including €57M remeasurement gain related to Dongfeng/PSA share repurchase commitment Pro Forma Tax Expense down €145M, primarily due to recognition of €1.4B of net DTAs, mostly offset by increased taxes on higher North America Profit before Taxes; Pro Forma Effective Tax Rate of 13% due to recognition of DTAs € million, except as otherwise stated Net Revenues Operating Income Net Financial Expenses FY 2021 (1) FY 2020 (1) FY 2021 Pro Forma (1) FY 2020 Pro Forma (1) 149,419 47,656 152,119 133,882 Pro Forma VS. FY 2020 Pro Forma +14% 15,126 3,010 15,299 7,436 + 106% 734 94 746 672 +11% Profit before Taxes 14,392 2,916 14,553 6,764 +115% Tax Expense 1,911 504 1,939 2,084 - 7% Share of the Profit/(Loss) of Equity Method Investees 737 (74) 740 110 +573% of which Results of Finance Companies Net Profit 653 351 662 599 +11% 13,218 2,338 13,354 4,790 + 179% (1) Refer to Basis of Presentation for additional information regarding amounts presented for the respective period and Appendix for additional information related to Pro Forma results and reconciliations to applicable IFRS metrics February 23, 2022 FY 2021 RESULTS | 20#21STRONG MIX AND NET PRICING DRIVE REVENUE GROWTH € billion NET REVENUES +14% 10.2 8.8 2.2 133.9 0.2 152.1 (3.2) (2.7) STELLANTIS 149.4 FY 2020 Pro Forma(1) Volume & Market Mix Vehicle Net Price & Content Vehicle Line Mix FX Translation Other FY 2021 Pro Forma(1) Exclude Pro Forma Adjustments FY 2021(1) (1) Refer to Basis of Presentation for additional information regarding amounts presented for the respective period and Appendix for additional information related to Pro Forma results and reconciliations to applicable IFRS metrics Figures may not add due to rounding February 23, 2022 FY 2021 RESULTS | 21#22PROFITABILITY NEARLY DOUBLED, RECORD 11.8% MARGIN € million % Adjusted Operating Income Margin 817 9,224 6.9% ADJUSTED OPERATING INCOME * 3,299 8,402 (430) (2,783) (147) (589) STELLANTIS 218 18,011 17,827 (184) 11.8% 11.9% FY 2020 Pro Forma (1) Operating Environment Industry & Market Mix Vehicle Performance: +7,970 or + 86% Net Price Vehicle Line Mix Market Share Industrial SG&A R&D FX & Other & Market Mix FY 2021 Pro Forma (1) & Content Exclude Pro Forma Adjustments (1) Refer to Basis of Presentation for additional information regarding amounts presented for the respective period and Appendix for additional information related to Pro Forma results and reconciliations to applicable IFRS metrics Refer to Appendix for definitions of supplemental financial measures and reconciliations to applicable IFRS metrics Figures may not add due to rounding February 23, 2022 FY 2021 (1) FY 2021 RESULTS 22#23North America • RECORD 16.3% MARGIN SHIPMENTS 1,820 (000 units) 1,852 NET REVENUES (€ billion) 69.7 60.6 STELLANTIS ADJUSTED OPERATING INCOME & MARGIN (€ million) 11,356 FY '21 Pro Forma (1) FY '20 Pro Forma (1) Down 2%, mainly due to discontinuation of Dodge Grand Caravan and Journey in H2 2020, partially offset by 2021 Jeep and Wagoneer white-space launches, as well as higher Ram pickup volumes • FY '21 Pro Forma (1) FY '20 Pro Forma (1) Up 15%, primarily due to favorable vehicle mix and strong net pricing, partially offset by unfavorable FX translation effects • 6,123 16.3% 10.1% FY '20 Pro Forma (1) FY '21 Pro Forma (1) Up €5.2B, primarily due to higher Net Revenues, with purchasing and manufacturing efficiencies, partially offsetting increased raw materials, logistics and R&D costs € million % = Adjusted Operating Income Margin ADJUSTED OPERATING INCOME 4,897 2,638 557 6,123 (786) (1,651) (30) (500) 10.1% Operating Environment Performance: +4,676 or + 76% 108 11,356 11,103 16.3% (253) 16.4% FY 2020 Pro Forma (1) Industry & Market Mix Vehicle Net Price & Content Vehicle Line Mix Market Share Industrial SG&A R&D FX & Other & Market Mix FY 2021 Pro Forma (1) Exclude Pro Forma Adjustments FY 2021 (1) (1) Refer to Basis of Presentation for additional information regarding amounts presented for the respective period and Appendix for additional information related to Pro Forma results and reconciliations to applicable IFRS metrics February 23, 2022 FY 2021 RESULTS 23#24South America MARKET SHARE LEADERSHIP WITH STRONG FINANCIAL RESULTS SHIPMENTS (000 units) NET REVENUES (€ billion) 830 560 • FY '21 Pro Forma (1) FY '20 Pro Forma (1) Up 48%, primarily due to extended COVID interruptions in 2020 and strong demand for Fiat Strada and all-new Fiat Pulse, as well as mid- cycle refreshes of Fiat Toro and Jeep Compass € million % = Adjusted Operating Income Margin 136 156 2.5% • 10.7 6.3 FY '21 FY '20 Pro Forma (1) Pro Forma (1) Up 71%, mainly due to higher volumes and strong net pricing, as well as favorable vehicle and market mix, partially offset by negative FX translation effects, mainly Brazilian real and Argentine peso 1,796 123 171 ADJUSTED OPERATING INCOME STELLANTIS ADJUSTED OPERATING INCOME & MARGIN (€ million) 882 8.3% 156 2.5% • FY '21 Pro Forma (1) FY '20 Pro Forma (1) Up €726M, primarily due to increased Net Revenues, more than offsetting higher raw materials costs and unfavorable FX translation and transaction effects 882 873 (1,046) (72) (51) (331) 8.3% (9) 8.3% Operating Environment Performance: +590 or + 378% FY 2020 Pro Forma (1) Industry & Market Mix Vehicle Net Price & Content Vehicle Line Mix Market Share & Market Mix Industrial SG&A R&D FX & Other FY 2021 Pro Forma (1) Exclude Pro Forma Adjustments FY 2021 (1) (1) Refer to Basis of Presentation for additional information regarding amounts presented for the respective period and Appendix for additional information related to Pro Forma results and reconciliations to applicable IFRS metrics February 23, 2022 FY 2021 RESULTS | 24#25Enlarged Europe • STRONG PROFITABLE FOUNDATION, H2 UP SEQUENTIALLY TO 9.4% SHIPMENTS 2,860 (000 units) 2,939 NET REVENUES (€ billion) 59.1 56.5 STELLANTIS ADJUSTED OPERATING INCOME & MARGIN (€ million) 5,370 FY '21 Pro Forma (1) FY '20 Pro Forma (1) Down 3%, with higher volumes of all-new Opel Mokka, Citroën C4 and Fiat New 500 more than offset by impact of unfilled semiconductor orders € million % = Adjusted Operating Income Margin • FY '21 Pro Forma (1) FY '20 Pro Forma (1) Up 5%, mainly due to favorable vehicle mix, primarily higher BEV and PHEV volumes, net pricing, as well as parts and services, partially offset by reduced new and used vehicle volumes 472 37 1,034 3,059 7 5.4% Operating Environment ADJUSTED OPERATING INCOME (38) (3) (10) Performance: +2,304 or + 75% • 3,059 9.1% 5.4% FY '21 Pro Forma (1) FY '20 Pro Forma (1) Up €2.3B, primarily due to increased Net Revenues, purchasing and manufacturing efficiencies, as well as reduced compliance costs, more than offsetting higher raw materials costs 812 5,370 49 5,419 9.1% 9.2% FY 2020 Pro Forma (1) Industry & Market Mix Vehicle Net Price & Content Vehicle Line Mix Market Share & Market Mix Industrial SG&A R&D FX & Other FY 2021 Pro Forma (1) Exclude Pro Forma Adjustments FY 2021 (1) (1) Refer to Basis of Presentation for additional information regarding amounts presented for the respective period and Appendix for additional information related to Pro Forma results and reconciliations to applicable IFRS metrics February 23, 2022 FY 2021 RESULTS 25#26Middle East & Africa DOUBLE-DIGIT MARGIN DRIVEN BY STRONG PRICING COMBINED SHIPMENTS (000 units) NET REVENUES (€ billion) ■ JV ■Consolidated 389 398 116 141 273 257 FY '21 Pro Forma (1) FY '20 Pro Forma (1) Consolidated Shipments Up 6%, primarily driven by all-new Citroën C4, Opel Mokka and Jeep Grand Cherokee L, as well as higher Peugeot 208 and Jeep Wrangler volumes € million % = Adjusted Operating Income Margin • 5.2 4.8 FY '21 Pro Forma (1) FY '20 Pro Forma (1) Up 9%, mainly due to higher net pricing, including pricing actions for Turkish lira devaluation, and increased volumes, partially offset by negative FX translation effects, mainly from Turkish lira ADJUSTED OPERATING INCOME 492 27 17 79 (24) (8) (12) 300 6.3% Operating Environment Performance: +166 or + 55% STELLANTIS ADJUSTED OPERATING INCOME & MARGIN (€ million) 545 300 10.5% 6.3% FY '21 Pro Forma (1) FY '20 Pro Forma (1) • Up 82%, primarily due to increased Net Revenues, partially offset by negative FX transaction effects 9 545 554 (326) 10.5% 10.7% FY 2020 Pro Forma (1) Industry & Market Mix Vehicle Net Price & Content Vehicle Line Mix Market Share FY 2021 Industrial SG&A R&D FX & Other & Market Mix Pro Forma (1) Exclude Pro Forma Adjustments FY 2021 (1) (1) Refer to Basis of Presentation for additional information regarding amounts presented for the respective period and Appendix for additional information related to Pro Forma results and reconciliations to applicable IFRS metrics February 23, 2022 FY 2021 RESULTS 26#27PROFITABILITY GROWTH FOR CHINA, INDIA & ASIA PACIFIC AND MASERATI China and India & Asia Pacific Improved results mainly driven by favorable net pricing, volumes and vehicle mix, primarily related to Jeep Wrangler and Ram 1500, partially offset by increased product costs Maserati Improved results mainly due to higher volumes and net pricing driven by launch of refreshed lineup, favorable market mix, particularly in China, and improved residual values, € million, except as otherwise stated China and India & Asia Pacific FY 2021 Pro Forma (1) FY 2020 Pro Forma (1) STELLANTIS W Maserati FY 2021 Pro Forma (1) FY 2020 Pro Forma (1) RESULTS FROM CONTINUING OPERATIONS Combined Shipments (2) (000 units) 219 181 + 21% n.a. n.a. n.a. Consolidated Shipments (2) (000 units) 120 95 + 26% 24.2 16.9 + 43% Net Revenues 3,980 3,200 + 24% 2,021 1,375 + 47% partially offset by negative FX transaction effects Adjusted Operating Income/(Loss) 442 231 + 91% 103 (91) n.m. Adjusted Operating Income Margin 11.1% 7.2% +390 bps 5.1% (6.6)% + 1,170 bps (1) Refer to Basis of Presentation for additional information regarding amounts presented for the respective period and Appendix for additional information related to Pro Forma results and reconciliations to applicable IFRS metrics (2) Combined Shipments include shipments by Company's consolidated subsidiaries and unconsolidated JVs, whereas Consolidated Shipments only include shipments by Company's consolidated subsidiaries n.a. Not applicable February 23, 2022 FY 2021 RESULTS | 27#28STRONG CASH GENERATION AND €3.2B NET CASH SYNERGIES € million 5,988 17,923 INDUSTRIAL FREE CASH FLOWS * STELLANTIS 1,813 (10,875) (1,043) 7,885 6,072 (1,810) (747) (3,364) FY 2021 Pro Forma (1) Industrial Adjusted Operating Income Depreciation & Amortization Capex, Capitalized R&D & Other Investments Working Capital Changes in Provisions & Other Financial Charges Restructuring & Taxes FY 2021 Pro Forma (1) Industrial Free Cash Flows Exclude FCA Jan 1-16 '21 Industrial Free Cash Flows FY 2021 (1) Industrial Free Cash Flows (1) Refer to Basis of Presentation for additional information regarding amounts presented for the respective period and Appendix for additional information related to Pro Forma results and reconciliations to applicable IFRS metrics Refer to Appendix for definitions of supplemental financial measures and reconciliations to applicable IFRS metrics February 23, 2022 FY 2021 RESULTS 28#29DISCIPLINED INVENTORY REBUILDING Rebuilding inventory in all regions, with strong discipline, in order to meet consumer demand 000 units NEW VEHICLE INVENTORY 1,256 171 STELLANTIS North America dealer inventory 882 791 down 186k units from Dec 31'20 689 Company 110 96 Enlarged Europe dealer inventory 148 1,085 Independent dealers down 211k units from Dec 31' 20 695 772 541 Dec 31 '21 Sep 30 '21 Jun 30 '21 Dec 31'20 Aggregated (1) (1) Represents simple aggregation of FCA and PSA inventory units as of period end February 23, 2022 FY 2021 RESULTS 29#302022 INDUSTRY OUTLOOK AND GUIDANCE FY 2022 GUIDANCE Adjusted Operating Income Margin * Double-Digit Industrial Free Cash Flows * Positive Assumes economic and COVID-19 conditions remain substantially unchanged * Refer to Appendix for definitions of supplemental financial measures and reconciliations to applicable IFRS metrics. Source: IHS Global Insight, Wards, China Passenger Car Association and Company estimates February 23, 2022 STELLANTIS North America South America Enlarged Europe +3% Moderate growth expected in all markets, particularly U.S. +3% Moderate growth expected, particularly in Brazil +3% Moderate growth expected in all major markets, particularly in Germany, Spain and U.K. Middle East & Africa India & Asia Pacific Stable China + 5% Stable Solid growth expected in India and Japan FY 2021 RESULTS | 30#31RECORD RESULTS DRIVEN BY SPEED OF EXECUTION FROM DAY ONE STELLANTIS Powered by Our Diversity, Record Profitability and We Lead the Way the World Moves Accelerated Achievement of Synergies Key Strategic Partnerships in Electrification and Software February 23, 2022 Long-Term Strategic Plan to be Unveiled on March 1 TotalEnergies 000 PEUGEOT LIN ORT Peugeot 9x8 Hybrid Hyper Car FY 2021 RESULTS | 31#32February 23, 2022 STELLANTIS APPENDIX FY 2021 RESULTS | 32#33NON-GAAP FINANCIAL MEASURES STELLANTIS Stellantis monitors its operations through the use of several non-generally accepted accounting principles (non-GAAP) financial measures. Company management believes that these non-GAAP financial measures provide useful and relevant information regarding our operating results and enhance the overall ability to assess our financial performance. These measures provide comparable measures which facilitate management's ability to identify operational trends, as well as make decisions regarding future spending, resource allocations and other operational decisions. These and similar measures are widely used in the industry in which the Company operates, however, these financial measures may not be comparable to other similarly titled measures of other companies and are not intended to be substitutes for measures of financial performance as prepared in accordance with International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB), as well as IFRS as adopted by the European Union. Stellantis' non-GAAP financial measures are defined as follows: Adjusted Operating Income/(Loss) excludes from Net Profit/(Loss) from Continuing Operations adjustments comprising restructuring, impairments, asset write-offs, disposals of investments and unusual operating income/(expense) that are considered rare or discrete events and are infrequent in nature, as inclusion of such items is not considered to be indicative of the Company's ongoing operating performance, and also excludes Net Financial Expenses/(Income), Tax Expense/(Benefit) and Share of the Profit/(Loss) of Equity Method Investees. Unusual operating income/(expense) are impacts from strategic decisions, as well as events considered rare or discrete and infrequent in nature, as inclusion of such items is not considered to be indicative of the Company's ongoing operating performance. Unusual operating income/(expense) includes, but may not be limited to: impacts from strategic decisions to rationalize Stellantis' core operations; facility-related costs stemming from Stellantis' plans to match production capacity and cost structure to market demand, and; convergence and integration costs directly related to significant acquisitions or mergers. Industrial Free Cash Flows is calculated as Cash Flows from Operating Activities less: cash flows from operating activities from discontinued operations; cash flows from operating activities related to financial services, net of eliminations; investments in property, plant and equipment and intangible assets for industrial activities; contributions of equity to joint ventures and minor acquisitions of consolidated subsidiaries and equity method investments; and adjusted for: net intercompany payments between continuing operations and discontinued operations; proceeds from disposal of assets and contributions to defined benefit pension plans, net of tax. The timing of Industrial Free Cash Flows may be affected by the timing of monetization of receivables and the payment of accounts payables, as well as changes in other components of working capital, which can vary from period to period due to, among other things, cash management initiatives and other factors, some of which may be outside of the Company's control. Industrial Net Financial Position is calculated as Debt plus derivative financial liabilities related to industrial activities less: cash and cash equivalents; financial securities that are considered liquid; current financial receivables from the Company or its jointly controlled financial services entities; and derivative financial assets and collateral deposits. Therefore, debt, cash and cash equivalents and other financial assets/liabilities pertaining to Stellantis' financial services entities are excluded from the computation of Industrial Net Financial Position. Industrial Net Financial Position includes the Industrial Net Financial Position Classified as Held for Sale. February 23, 2022 FY 2021 RESULTS | 33#34FULL YEAR KEY COMMERCIAL METRICS 000 units 6,579 6,333 FY 2021 2,005 2,058 FY 2020 812 593 MARKET SHARE (1) FY INDUSTRY (1) (2021 vs. 2020) COMBINED SALES 3,101 3,080 STELLANTIS 412 396 103 84 122 106 24.3 17.2 Total North America South America Enlarged Europe Middle East & Africa India & Asia Pacific China Maserati 11.1% 11.8% 22.9% 19.1% 19.4% 19.3% 11.9% 13.6% 0.8% 0.7% 0.6% 0.5% 2.4% 1.9% +4% +14% Flat + 19% +6% + 4% +6% (1) Industry and market share information is derived from third-party industry sources (e.g. European Automobile Manufacturers Association (ACEA), Ward's Automotive, Associação Nacional dos Fabricantes de Veículos Automotores (ANFAVEA)) and internal information. Represents PC and LCVs, except as noted below India & Asia Pacific reflects aggregate for major markets where Stellantis competes (Japan (PC), India (PC), South Korea (PC + Pickups), Australia and South East Asia) Middle East & Africa exclude Iran, Sudan and Syria ⚫ Maserati reflects aggregate for 17 major markets where Maserati competes and is derived from IHS data, Maserati competitive segment and internal information Figures may not add due to rounding February 23, 2022 FY 2021 RESULTS | 34#35H2 KEY COMMERCIAL METRICS 000 units H2 2021 H2 2020 MARKET SHARE (1) H2 INDUSTRY (1) (2021 vs. 2020) 2,988 3,644 1,140 928 400 376 COMBINED SALES 1,755 1,323 STELLANTIS Total North America South America Enlarged Europe 202 254 51 50 72 60 13.0 10.2 Middle East & Africa India & Asia Pacific China Maserati 11.4% 11.7% 22.2% 20.2% 18.1% 19.0% 11.9% 15.1% 0.9% 0.7% 0.7% 0.5% 2.7% 1.9% -16% - 4% - 21% +2% - 11% - 12% - 11% (1) Industry and market share information is derived from third-party industry sources (e.g. European Automobile Manufacturers Association (ACEA), Ward's Automotive, Associação Nacional dos Fabricantes de Veículos Automotores (ANFAVEA)) and internal information. Represents PC and LCVs, except as noted below India & Asia Pacific reflects aggregate for major markets where Stellantis competes (Japan (PC), India (PC), South Korea (PC + Pickups), Australia and South East Asia) Middle East & Africa exclude Iran, Sudan and Syria ⚫ Maserati reflects aggregate for 17 major markets where Maserati competes and is derived from IHS data, Maserati competitive segment and internal information Figures may not add due to rounding February 23, 2022 FY 2021 RESULTS | 35#36H2 KEY FINANCIAL METRICS STELLANTIS RESULTS FROM CONTINUING OPERATIONS H2 2021 € million, except as otherwise stated Combined Shipments (2) (000 units) H2 2021 H2 2020 (1) H2 2020 Pro Forma (1) VS. H2 2020 Pro Forma 2,868 1,480 3,673 - 22% Consolidated Shipments (2) (000 units) 2,756 1,456 3,522 - 22% Net Revenues 76,809 28,042 82,214 - 7% Adjusted Operating Income * 9,389 n.a. 8,472 +11% Adjusted Operating Income Margin * 12.2% n.a. 10.3% + 190 bps Industrial Free Cash Flows * Industrial Net Financial Position * Industrial Available Liquidity H2 2021 H2 2020 (1) 7,235 n.a. Dec 31 2021 19,090 62,706 H2 2020 Aggregated (3) H2 2021 VS. H2 2020 Aggregated - 57% 16,857 Jun 30 2021 11,506 Jun vs. Dec 51,445 +66% +22% (1) Refer to Basis of Presentation for additional information regarding amounts presented for the respective period and reconciliations included herein of the Pro Forma results to applicable IFRS metrics (2) Combined Shipments include shipments by Company's consolidated subsidiaries and unconsolidated JVs, whereas Consolidated Shipments only include shipments by Company's consolidated subsidiaries (3) Simple aggregation of FCA and PSA (excluding Faurecia) metrics and does not reflect purchase accounting adjustments required by IFRS. Additional information included herein related to aggregated figures. Refer to definitions of supplemental financial measures and reconciliations to applicable IFRS metrics included herein n.a. Not applicable February 23, 2022 FY 2021 RESULTS | 36#37H2 KEY P&L METRICS STELLANTIS RESULTS FROM CONTINUING OPERATIONS H2 2021 VS. H2 2020 € million, except as otherwise stated H2 2021 H2 2020 (1) Net Revenues Operating Income 76,809 28,042 H2 2020 Pro Forma (1) 82,214 Pro Forma - 7% 7,782 2,294 7,371 +6% Net Financial Expenses 517 254 581 - 11% Profit before Taxes 7,265 2,040 6,790 +7% Tax Expense 182 349 1,148 - 84% Share of the Profit/(Loss) of Equity Method Investees 335 (150) (39) n.m. of which Results of Finance Companies 324 182 322 +1% Net Profit 7,418 1,541 5,603 +32% (1) Refer to Basis of Presentation for additional information regarding amounts presented for the respective period and reconciliations included herein of the Pro Forma results to applicable IFRS metrics February 23, 2022 FY 2021 RESULTS | 37#38H2 2021 NET REVENUES € billion 82.2 (14.7) NET REVENUES -7% 5.3 0.9 4.5 (1.4) STELLANTIS 76.8 H2 2020 Pro Forma(1) Volume & Market Mix Vehicle Net Price & Content Vehicle Line Mix FX Translation Other H2 2021 (1) Refer to Basis of Presentation for additional information regarding amounts presented for H2 2020 Pro Forma and reconciliations included herein of the Pro Forma results to applicable IFRS metrics Figures may not add due to rounding February 23, 2022 FY 2021 RESULTS | 38#39H2 2021 ADJUSTED OPERATING INCOME € million % Adjusted Operating Income Margin 8,472 10.3% (2,579) H2 2020 Pro Forma (1) Operating Environment Industry & Market Mix 4,250 ADJUSTED OPERATING INCOME * 1,597 (300) (2,201) 342 Performance: +3,496 or + 41% Vehicle Net Price Vehicle Line Mix Market Share Industrial & Market Mix & Content (204) STELLANTIS 12 9,389 12.2% SG&A R&D FX & Other H2 2021 (1) Refer to Basis of Presentation for additional information regarding amounts presented for H2 2020 Pro Forma and reconciliations included herein of the Pro Forma results to applicable IFRS metrics Refer to definitions of supplemental financial measures and reconciliations to applicable IFRS metrics included herein Figures may not add due to rounding February 23, 2022 FY 2021 RESULTS | 39#40H2 RESULTS North America SHIPMENTS (000 units) NET REVENUES (€ billion) 37.3 37.8 1,155 947 H2'21 H2'20 Pro Forma (1) H2'21 H2'20 Pro Forma (1) € million ADJUSTED OPERATING INCOME % Adjusted Operating Income Margin 5,247 13.9% (1,407) 1,283 2,282 (194) (1,261) 75 (220) 315 6,120 € million SHIPMENTS (000 units) 406 374 H2'21 H2'20 Pro Forma (1) STELLANTIS South America NET REVENUES (€ billion) 5.7 4.1 H2'21 H2 '20 Pro Forma (1) ADJUSTED OPERATING INCOME % Adjusted Operating Income Margin 16.4% 219 5.4% (10) 977 84 37 556 (505) (13) (45) 9.7% (188) Operating Environment Performance: +2,280 or + 43% Operating Environment Performance: +347 or +158% Net Price Vehicle Line Mix Market Share & Industrial SG&A R&D & Content Market Mix FX & Other H2 2021 H2 2020 Industry & Vehicle Pro Market Net Price Forma (1) Mix & Content Vehicle Line Mix Market Share & Market Industrial SG&A R&D FX & Other H2 2021 Mix H2 2020 Industry & Vehicle Pro Market Forma (1) Mix (1) Refer to Basis of Presentation for additional information regarding amounts presented for H2 2020 Pro Forma and reconciliations included herein of the Pro Forma results to applicable IFRS metrics February 23, 2022 FY 2021 RESULTS | 40#41H2 RESULTS Enlarged Europe NET REVENUES (€ billion) STELLANTIS Middle East & Africa SHIPMENTS COMBINED SHIPMENTS (000 units) (000 units) 1,758 JV ■Consolidated 1,196 33.8 27.0 H2'21 H2'20 Pro Forma (1) H2'21 H2'20 Pro Forma (1) € million ADJUSTED OPERATING INCOME % Adjusted Operating Income Margin 268 189 104 54 135 164 H2'21 H2'20 Pro Forma (1) NET REVENUES (€ billion) 2.7 3.0 H2'21 H2'20 Pro Forma (1) € million ADJUSTED OPERATING INCOME % Adjusted Operating Income Margin 2,865 646 172 285 229 71 2,541 238 24 21 00 8 7 8.5% (1,148) Operating (204) (375) 9.4% 257 8.6% (35) (8) 298 (196) 11.2% Performance: +824 or + 29% Environment Operating Environment Performance: +34 or + 13% H2 2020 Industry & Pro Market Forma (1) Mix Vehicle Vehicle Market Share & Net Price Industrial SG&A R&D Line Mix & Content Market Mix FX & Other H2 2021 H2 2020 Industry & Vehicle Pro Market Net Price Forma (1) Mix & Content Vehicle Line Mix Market Share & Market Industrial SG&A R&D FX & Other H2 2021 Mix (1) Refer to Basis of Presentation for additional information regarding amounts presented for H2 2020 Pro Forma and reconciliations included herein of the Pro Forma results to applicable IFRS metrics February 23, 2022 FY 2021 RESULTS 41#42H2 RESULTS € million, except as otherwise stated China and India & Asia Pacific H2 2021 H2 2020 Pro Forma (1) Maserati H2 2021 H2 2020 Pro Forma (1) RESULTS FROM CONTINUING OPERATIONS STELLANTIS Combined Shipments (2) (000 units) 117 106 + 10% n.a. n.a. n.a. Consolidated Shipments (2) (000 units) 59 59 flat 13.4 11.8 +14% Net Revenues 2,097 2,000 +5% 1,136 930 +22% Adjusted Operating Income 236 164 +44% 74 13 +469% Adjusted Operating Income Margin 11.3% 8.2% +310 bps 6.5% 1.4% +510 bps (1) Refer to Basis of Presentation for additional information regarding amounts presented for H2 2020 Pro Forma and reconciliations included herein of the Pro Forma results to applicable IFRS metrics Combined Shipments include shipments by Company's consolidated subsidiaries and unconsolidated JVs, whereas Consolidated Shipments only include shipments by Company's consolidated subsidiaries n.a. Not applicable (2) February 23, 2022 FY 2021 RESULTS | 42#43H2 2021 INDUSTRIAL FREE CASH FLOWS € million 9,343 3,193 H2 2021 Industrial Adjusted Operating Income * February 23, 2022 INDUSTRIAL FREE CASH FLOWS * (5,542) 2,303 575 (423) (2,214) Depreciation & Amortization Capex, Capitalized R&D & Other Investments Working Capital Changes in Provisions & Other Restructuring Refer to definitions of supplemental financial measures and reconciliations to applicable IFRS metrics included herein STELLANTIS 7,235 Financial Charges & Taxes H2 2021 Industrial Free Cash Flows FY 2021 RESULTS | 43#44RECONCILIATION OF NET REVENUES FROM EXTERNAL CUSTOMERS TO PRO FORMA NET REVENUES FY 2021 Pro Forma RESULTS FROM CONTINUING OPERATIONS STELLANTIS China and € million North America South America Enlarged Middle East & India & Europe Africa Asia Pacific Maserati Other (1) Stellantis Net Revenues from External Customers (2) 67,706 10,474 58,602 5,165 3,924 2,002 1,546 149,419 Add: FCA Net Revenues from External Customers - Jan 1-16'21 (3) 2,015 189 335 36 51 18 60 2,704 Add: Pro Forma Adjustments (4) 3 (7) (4) Pro Forma Net Revenues from External Customers - Jan 1 Dec 31 '21 69,724 10,663 58,930 5,201 3,975 2,020 1,606 152,119 Net Revenues from Transactions with Other Segments 12 18 130 5 1 (166) Pro Forma Net Revenues (5) 69,736 10,681 59,060 5,201 3,980 2,021 1,440 152,119 (1) Other activities, unallocated items and eliminations (2) PSA was identified as the accounting acquirer in the Merger, which was accounted for as a reverse acquisition, under IFRS 3 - Business Combinations, and, as such, it contributed to the results of the Company beginning Jan 1 '21. FCA was consolidated into Stellantis effective Jan 17 '21, the day after the Merger became effective. (3) FCA consolidated Net Revenues, Jan 1-16 '21, excluding intercompany transactions (4) Reclassifications made to present FCA's Net Revenues Jan 1-16 '21 consistently with that of PSA (5) Pro Forma Stellantis consolidated Net Revenues, Jan 1 - Dec 31 '21 February 23, 2022 FY 2021 RESULTS | 44#45RECONCILIATION OF NET REVENUES FROM EXTERNAL CUSTOMERS TO NET REVENUES H2 2021 RESULTS FROM CONTINUING OPERATIONS STELLANTIS € million North America South America Enlarged Middle East & China and India & Europe Africa Asia Pacific Maserati Other (1) Stellantis Net Revenues from External Customers 37,286 5,732 27,098 2,654 2,102 1,139 798 76,809 Net Revenues from Transactions with Other Segments 3 13 (78) (3) 70 Net Revenues 37,289 5,745 27,020 2,654 2,097 1,136 868 76,809 (1) Other activities, unallocated items and eliminations February 23, 2022 FY 2021 RESULTS | 45#46RECONCILIATION OF NET REVENUES FROM EXTERNAL CUSTOMERS TO PRO FORMA NET REVENUES FY 2020 Pro Forma RESULTS FROM CONTINUING OPERATIONS STELLANTIS Middle China and India & € million North America South Enlarged East & America Europe Africa Asia Pacific Maserati Other (1) Stellantis Net Revenues from External Customers - Restated (2) 122 1,153 42,383 3,055 864 79 47,656 Add: FCA Net Revenues from External Customers - Jan 1 Dec 31 '20 (3) 60,307 5,236 14,497 1,680 2,267 1,376 1,313 86,676 Add: Pro Forma Adjustments (4) 189 (134) (490) 15 (3) (27) (450) Pro Forma Net Revenues from External Customers - Jan 1 Dec 31 '20 60,618 6,255 56,390 4,735 3,146 1,373 1,365 133,882 Net Revenues from Transactions with Other Segments 15 (3) 90 21 54 2 (179) Pro Forma Net Revenues (5) 60,633 6,252 56,480 4,756 3,200 1,375 1,186 133,882 (1) Other activities, unallocated items and eliminations (2) Net Revenues from external customers of PSA as reported, re-presented to reflect the reportable segments presented by the Company, and to exclude the results of Faurecia, which is presented as a discontinued operation in the Income Statement of the Company for the year ended Dec 31 '20 (3) Net Revenues from external customers of FCA as reported, re-presented to reflect the reportable segments presented by the Company (4) Reclassifications made to present FCA's Net Revenues consistently with that of PSA (5) Pro Forma Stellantis consolidated Net Revenues presented as if the Merger had been completed on Jan 1 '20 February 23, 2022 FY 2021 RESULTS | 46#47RECONCILIATION OF NET REVENUES FROM EXTERNAL CUSTOMERS TO PRO FORMA NET REVENUES H2 2020 Pro Forma RESULTS FROM CONTINUING OPERATIONS STELLANTIS € million North America South Enlarged Middle East & China and India & America Europe Africa Asia Pacific Maserati Other (1) Stellantis Net Revenues from External Customers - Restated (2) 77 674 24,760 1,959 530 42 28,042 Add: FCA Net Revenues from External Customers - Jul 1 Dec 31 '20 (3) 37,563 3,479 9,232 1,027 1,424 941 736 54,402 Add: Pro Forma Adjustments (4) 143 (95) (251) 10 (10) (27) (230) Jul 1 Pro Forma Net Revenues from External Customers - - Dec 31 '20 37,783 4,058 33,741 2,986 1,964 931 751 82,214 Net Revenues from Transactions with Other Segments 9 2 56 13 36 (1) (115) Pro Forma Net Revenues (5) 37,792 4,060 33,797 2,999 2,000 930 636 82,214 (1) Other activities, unallocated items and eliminations (2) Net Revenues from external customers of PSA as reported, re-presented to reflect the reportable segments presented by the Company, and to exclude the results of Faurecia, which is presented as a discontinued operation in the Income Statement of the Company for the year ended Dec 31 '20 (3) Net Revenues from external customers of FCA as reported, re-presented to reflect the reportable segments presented by the Company (4) Reclassifications made to present FCA's Net Revenues consistently with that of PSA (5) Pro Forma Stellantis consolidated Net Revenues presented as if the Merger had been completed on Jan 1 '20 February 23, 2022 FY 2021 RESULTS | 47#48RECONCILIATION OF NET PROFIT TO PRO FORMA ADJUSTED OPERATING INCOME FY 2021 Pro Forma € million Net Profit from Continuing Operations Tax Expense Net Financial Expenses Share of the Profit of Equity Method Investees Operating Income Add: FCA Operating Income - Jan 1-16'21 Add: Pro Forma Adjustments Pro Forma Operating Income RESULTS FROM CONTINUING OPERATIONS STELLANTIS North America South America Enlarged Europe Middle East & Africa China and India & Asia Pacific Maserati Other (1) Stellantis 13,218 1,911 734 (737) 15,126 77 96 15,299 Adjustments: Restructuring and Other Costs, Net of Reversals (2) Change in Estimate of Non-Contractual Warranties (3) Reversal of Inventory FV Adjustment in Purchase Accounting (4) Impairment Expense and Supplier Obligations (5) Brazilian Indirect Tax - Reversal of Liability/Recognition of Credits (6) གྱེསཏྟཱ༞ ། 58 (4) 54 781 2 68 401 836 581 57 13 89 233 2516 13 19 -116 39 873 732 522 309 (253) (253) Other (7) Total Adjustments Jan 1 - Dec 31 '21 228 41 (17) (6) 7 2 274 529 685 (71) 1,667 59 39 20 313 2,712 Pro Forma Adjusted Operating Income 11,356 882 5,370 545 442 103 (687) 18,011 (1) Other activities, unallocated items and eliminations (5) Primarily related to certain vehicle platforms in Enlarged Europe (2) Restructuring and other costs related to reorganization of operations and dealer network, primarily in Enlarged Europe (3) Change in estimate for warranty costs incurred after the contractual warranty period (6) (7) Benefit related to final decision of Brazilian Supreme Court on calculation of state value added tax Includes other costs primarily related to merger and integration activities (4) Reversal of fair value adjustment recognized in purchase accounting on FCA inventories February 23, 2022 FY 2021 RESULTS | 48#49RECONCILIATION OF NET PROFIT TO ADJUSTED OPERATING INCOME FY 2021 RESULTS FROM CONTINUING OPERATIONS STELLANTIS € million North America South America Enlarged Europe Middle East & Africa China and India & Asia Pacific Maserati Other (1) Stellantis Net Profit from Continuing Operations 13,218 1,911 Tax Expense Net Financial Expenses Share of the Profit of Equity Method Investees Operating Income Adjustments: Restructuring and Other Costs, Net of Reversals (2) Change in Estimate of Non-Contractual Warranties (3) Reversal of Inventory FV Adjustment in Purchase Accounting (4) Impairment Expense and Supplier Obligations (5) Brazilian Indirect Tax - Reversal of Liability/Recognition of Credits (6) Other (7) Total Adjustments Jan 1 - Dec 31 '21 Less: Adjustments Jan 1 - 16 '21 (8) 734 (737) 15,126 (4) 54 781 མཧཱུྃ༞ ། 2 68 581 401 13 89 58 6 233 2516 57 13 19 1116 39 873 11 732 522 309 (253) 1 (253) 228 41 (17) (6) 7 2 274 529 685 (71) 1,667 59 39 20 313 2,712 11 5,419 554 444 116 (682) 17,827 Adjusted Operating Income 11,103 873 (1) Other activities, unallocated items and eliminations (5) Primarily related to certain vehicle platforms in Enlarged Europe (2) Restructuring and other costs related to reorganization of operations and dealer network, primarily in Enlarged Europe (3) Change in estimate for warranty costs incurred after the contractual warranty period (6) Benefit related to final decision of Brazilian Supreme Court on calculation of state value added tax (7) Includes other costs primarily related to merger and integration activities (4) Reversal of fair value adjustment recognized in purchase accounting on FCA inventories (8) Primarily costs related to the Merger February 23, 2022 FY 2021 RESULTS | 49#50RECONCILIATION OF NET PROFIT TO ADJUSTED OPERATING INCOME H2 2021 STELLANTIS RESULTS FROM CONTINUING OPERATIONS North America South America Enlarged Europe Middle East & Africa China and India & Asia Pacific Maserati Other (1) Stellantis 7,418 182 517 (335) 7,782 € million Net Profit from Continuing Operations Tax Expense Net Financial Expenses Share of the Profit of Equity Method Investees Operating Income Adjustments: Restructuring and Other Costs, Net of Reversals (2) Change in Estimate of Non-Contractual Warranties (3) Reversal of Inventory FV Adjustment in Purchase Accounting Impairment Expense and Supplier Obligations (4) Brazilian Indirect Tax - Reversal of Liability/Recognition of Credits (5) Other (6) Total Adjustments Jul 1 - Dec 31 '21 (2) 6806 22 18 581 57 13 294 རྨེཡྻོ 1516 1116 32 332 11 732 58 212 288 (31) (31) 192 41 (102) (6) 7 154 286 250 90 985 58 20 18 186 1,607 6,120 556 2,541 298 236 74 (436) 9,389 FY 2021 RESULTS | 50 Adjusted Operating Income (1) Other activities, unallocated items and eliminations (4) (2) Restructuring and other costs related to reorganization of operations and dealer network, primarily in Enlarged Europe (3) Change in estimate for warranty costs incurred after the contractual warranty period (5) Primarily related to certain vehicle platforms in Enlarged Europe Benefit related to final decision of Brazilian Supreme Court on calculation of state value added tax (6) Includes other costs primarily related to merger and integration activities February 23, 2022#51RECONCILIATION OF NET PROFIT TO PRO FORMA ADJUSTED OPERATING INCOME FY 2020 Pro Forma RESULTS FROM CONTINUING OPERATIONS STELLANTIS € million North America South America Enlarged Europe Middle East & Africa China and India & Asia Pacific Maserati Other (1) Stellantis Net Profit from Continuing Operations 2,338 Tax Expense Net Financial Expenses Share of the Loss of Equity Method Investees Add: FCA Operating Income - Jan 1 - Dec 31 '20 Add: Pro Forma Adjustments Pro Forma Operating Income Adjustments: Impairment Expense and Supplier Obligations (2) Restructuring Costs, Net of Reversals (3) Provision for U.S. Investigation Matters (4) Loss/(Gain) on Disposal of Investments (5) Other (6) Total Adjustments - Jan 1 - Dec 31 '20 504 94 74 2,165 2,261 7,436 Pro Forma Adjusted Operating Income (1) Other activities, unallocated items and eliminations 154 176 319 32 27 414 ཤྰ i p (1) 135 297 49 1,129 3 14 490 222 222 10 (204) 16 (178) 10 (199) (4) 4 316 125 196 6,123 201 156 544 (5) (69) 304 617 1,788 3,059 300 231 (91) (554) 9,224 (2) Primarily related to impairment expense in North America, South America, Enlarged Europe and China and India & Asia Pacific due to reduced volume expectations primarily as a result of the estimated impacts of COVID, impairments of certain assets in Maserati and certain B-segment assets in Enlarged Europe, as well as impairments in North America due to the change in CAFE penalty rates for future model years (3) Restructuring costs related to reorganization of operations, primarily in Enlarged Europe (4) Provision recognized for estimated probable losses to settle matters under investigation by the U.S. Department of Justice, primarily related to criminal investigations associated with U.S. diesel emissions matters (5) Primarily related to disposal of Changan PSA Auto Company Ltd (CAPSA), which was a JV in China (6) Primarily includes other costs related to merger and litigation proceedings February 23, 2022 FY 2021 RESULTS | 51#52RECONCILIATION OF NET PROFIT TO PRO FORMA ADJUSTED OPERATING INCOME H2 2020 Pro Forma RESULTS FROM CONTINUING OPERATIONS STELLANTIS € million North America South America Enlarged Europe Middle East & Africa China and India & Asia Pacific Maserati Other (1) Stellantis Net Profit from Continuing Operations 1,541 Tax Expense Net Financial Expenses Share of the Loss of Equity Method Investees Add: FCA Operating Income - Jul 1 - Dec 31'20 Add: Pro Forma Adjustments Pro Forma Operating Income Adjustments: Impairment Expense and Supplier Obligations (2) Restructuring Costs, Net of Reversals (3) Provision for U.S. Investigation Matters (4) Loss on Disposal of Investments (5) Other (6) Total Adjustments - Jul 1 - Dec 31 '20 Pro Forma Adjusted Operating Income 349 254 150 3,840 1,237 7,371 138 14 3 3212 (3) 111 (1) 376 40 (2) (165) (4) 155 5,247 (3) 362 219 2,865 257 ༄༑ I mགྱི ཙེརྦེ 55 9 49 358 11 403 222 222 20 63 4 219 55 55 13 521 1,101 164 13 (293) 8,472 (1) Other activities, unallocated items and eliminations (2) Primarily related to impairment of certain B-segment assets in Enlarged Europe, as well as impairments in North America due to the change in CAFE penalty rates for future model years (3) Restructuring costs related to reorganization of operations, primarily in Enlarged Europe (4) Provision recognized for estimated probable losses to settle matters under investigation by the U.S. Department of Justice, primarily related to criminal investigations associated with U.S. diesel emissions matters (5) Primarily related to loss on disposal of investment in Enlarged Europe (6) Primarily includes other costs related to merger and litigation proceedings February 23, 2022 FY 2021 RESULTS | 52#53RECONCILIATION OF CASH FLOWS FROM OPERATING ACTIVITIES TO PRO FORMA INDUSTRIAL FREE CASH FLOWS € million Cash Flows from Operating Activities Less: Cash Flows from Operating Activities - Discontinued Operations STELLANTIS H2 2021 FY 2021 13,031 18,646 Cash Flows from Operating Activities - Continuing Operations 13,031 18,646 Less: Operating Activities not Attributable to Industrial Activities 298 276 Less: Capital Expenditures and Capitalized R&D Expenditures and Change in Amounts Payable on Property, Plant and Equipment and Intangible Assets for Industrial Activities 5,099 10,081 Add: Proceeds from Disposal of Assets and Other Changes in Investing Activities 227 327 Less: Contributions of Equity to JVs and Minor Acquisitions of Consolidated Subsidiaries and Equity Method Investments 670 811 Add: Net Intercompany Payments between Continuing Operations and Discontinued Operations Add: Defined Benefit Pension Contributions, Net of Tax Industrial Free Cash Flows Add: FCA Industrial Free Cash Flows - Jan 1-16'21 Pro Forma Industrial Free Cash Flows February 23, 2022 44 80 7,235 7,885 (1,813) 6,072 FY 2021 RESULTS | 53#54RECONCILIATION OF DEBT TO INDUSTRIAL NET FINANCIAL POSITION February 23, 2022 STELLANTIS € million Debt Current Financial Receivables from Jointly-Controlled Financial Services Companies Derivative Financial Assets/(Liabilities), Net and Collateral Deposits Financial Securities Cash and Cash Equivalents Jun 30 2021 (31,359) 67 Dec 31 2021 (33,582) 103 (214) (9) 937 1,499 40,812 49,629 Net Financial Position Classified as Held for Sale (54) Net Financial Position 10,189 17,640 Less: Net Financial Position of Financial Services (1,317) (1,450) Industrial Net Financial Position 11,506 19,090 FY 2021 RESULTS | 54#55AGGREGATED INDUSTRIAL FREE CASH FLOWS, NET FINANCIAL POSITION AND AVAILABLE LIQUIDITY € million PSA Automotive Free Cash Flows FCA Industrial Free Cash Flows Aggregated Industrial Free Cash Flows (1) STELLANTIS RESULTS FROM CONTINUING OPERATIONS H2 2020 Aggregated FY 2020 Aggregated 6,261 2,660 10,596 624 16,857 3,284 PSA Automotive Net Financial Position FCA Net Industrial Cash Aggregated Industrial Net Financial Position (2) PSA Automotive Available Liquidity FCA Industrial Available Liquidity Aggregated Industrial Available Liquidity (1) (1) Simple aggregation of FCA and PSA (excluding Faurecia) and does not reflect purchase accounting adjustments required by IFRS Dec 31 2020 Aggregated 13,231 4,595 17,826 26,048 31,230 57,278 (2) Simple aggregation of FCA and PSA (excluding Faurecia) and does not reflect a) fair value adjustments increasing debt by €1.4B as of Jan 17 '21 recorded as part of the purchase accounting adjustments required by IFRS; and b) €0.2B of a reduction in the Industrial Net Financial Position to align to the Stellantis definition of Industrial Net Financial Position February 23, 2022 FY 2021 RESULTS | 55#56DEBT MATURITY SCHEDULE - INDUSTRIAL ACTIVITIES € billion Outstanding STELLANTIS Dec 31 2021 2022 2023 2024 2025 2026 Beyond 17.5 Capital Markets Debt 1.4 3.2 2.0 0.7 2.5 7.8 9.4 Bank Debt (1) 6.5 1.7 0.4 0.9 0.0 0.0 0.5 Other Debt 0.4 0.0 0.0 0.0 0.0 0.0 2.5 Lease Liabilities 0.4 0.4 0.4 0.2 0.1 1.0 29.9 Total Industrial Cash Maturities (2) 8.6 5.3 2.8 1.7 2.7 8.8 50.0 Cash, Cash Equivalents and Financial Securities 12.7 Undrawn Committed Credit Lines 62.7 Total Industrial Available Liquidity (1) Includes €6.3B credit facility with Intesa Sanpaolo, which was repaid in Jan 2022 in advance of the original maturity date of Mar 2023; €5.0B included in 2022 and €1.3B in 2023 (2) Excludes accruals and asset backed financing of €0.4B and purchase accounting effects of €0.8B at Dec 31 2021 Figures may not add due to rounding February 23, 2022 FY 2021 RESULTS | 56#57RESEARCH AND DEVELOPMENT COSTS AND EXPENDITURES STELLANTIS RESULTS FROM CONTINUING OPERATIONS € million H2 2021 H2 2020 (1) H2 2020 Pro Forma (1) FY 2021 (1) FY 2020 (1) FY 2021 Pro Forma (1) FY 2020 Pro Forma (1) Research and Development Expenditures Expensed Amortization of Capitalized Development Expenditures 1,456 701 1,509 2,761 1,281 2,818 2,808 849 406 560 1,575 822 1,591 1,112 Impairment and Write-off of Capitalized Development Expenditures 136 47 255 151 128 151 631 Total Research and Development Costs 2,441 1,154 2,324 4,487 2,231 4,560 4,551 Capitalized Development Expenditures (2) 1,492 661 1,812 2,976 1,199 3,055 3,402 Research and Development Expenditures Expensed 1,456 701 1,509 2,761 1,281 2,818 2,808 Total Research and Development Expenditures 2,948 1,362 3,321 5,737 2,480 5,873 6,210 (1) Refer to Basis of Presentation for additional information regarding amounts presented for the respective period and additional information related to Pro Forma results included herein (2) Does not include capitalized borrowing costs in accordance with IAS 23 - Borrowing costs (Revised) February 23, 2022 FY 2021 RESULTS | 57#58STELLANTIS