H1 2022 Results - Stellantis Affiliate Growth and Profitability

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#1STELLANTIS FIRST HALF 2022 RESULTS JULY 28, 2022#2SAFE HARBOR STATEMENT This document, in particular references to "FY 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 innovative, attractive products and to develop, manufacture and sell vehicles July 28, 2022 STELLANTIS 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; the Company's ability to maintain effective internal controls over financial reporting; 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. H1 2022 RESULTS | 2#3RECORD PROFITABILITY WITH LEADING LEV SALES Record 14.1% Adjusted Operating Income (AOI) Margin with all 5 regions posting double-digit margins Industrial Free Cash Flows of €5.3B, including €3.1B of Net Cash Synergies #2 in EU30 for BEV and LEV Sales #3 in U.S. for LEV Sales (1) Global BEV sales up nearly 50% y-o-y to 136k units in H1 Commercial Vehicles Market Leader in EU30 and South America with 33.2% and 30.7% share, respectively, for H1 Strengthened Low-Carbon Lithium Hydroxide Supply; expanded relationship with Vulcan Energy becoming 2nd largest shareholder Completed Share Now Acquisition in July positioning Free2move as a world leader in mobility (1) Per S&P Global May '22 year-to-date vehicle registrations (most current data available); PC + light-duty trucks Refer to Appendix for definitions and notes to the presentation July 28, 2022 Maserati Supercar STELLANTIS Maserati H1 2022 RESULTS | 3#4NORTH AMERICA - RECORD PROFITABILITY STELLANTIS Record 18.1% AOI Margin despite logistics challenges and unfilled semiconductor orders H1 Market Share Up 40 bps y-o-y to 11.3%, with U.S. share up 50 bps to 11.7% Highest U.S. ATP across portfolio vs. competitors (1) at $52k/unit for H1 #3 in U.S. LEV Sales(2) with 28k units sold in H1; all-new Jeep Grand Cherokee PHEV expands offerings All-New Wagoneer L and Grand Wagoneer L deliveries to begin late 2022 Accelerating Electrification Strategy Windsor (Ontario) Assembly Plant to produce vehicles on STLA Large platform from 2024 Jeep Grand Cherokee PHEV (1) Per J.D. Power and Associates Power Information Network (PIN) data and excludes Premium OEMs/Luxury brands; retail sales (2) Per S&P Global May '22 year-to-date vehicle registrations (most current data available); PC + light-duty trucks July 28, 2022 Grand Wagoneer L Windsor Assembly Plant H1 2022 RESULTS | 4#5ENLARGED EUROPE - ELECTRIFICATION TAKEOFF STELLANTIS AOI Margin of 10.4% up 160 bps y-o-y(1) despite unfilled semiconductor orders EU30 LEV Market Share 19.2% for Jun '22, up 690 bps from Dec '21 EU30 H1 Market Share 21.2% down 190 bps y-o-y, up 30 bps from H2 2021 #2 in EU30 for BEV Sales Fiat New 500 #1 selling BEV in Germany and Italy Peugeot e-208 #1 in France 5 Vehicles Among EU30 Top 10 Selling Vehicles for H1, Peugeot 208, Opel Corsa, Citroën C3, Fiat Panda and Fiat 500 B-Segment BEVS to Achieve 400 km WLTP Range(2) from early 2023 Do CK-154BM (1) Compared to H1 2021 Pro Forma (2) Estimated data, subject to regulatory approval July 28, 2022 Fiat New 500 VH-080-TV GG CE 607E Peugeot e-208 Opel Corsa-e H1 2022 RESULTS | 5#6REST OF WORLD - AOI CONTRIBUTION MORE THAN DOUBLED(1) TO €1.8B STELLANTIS MIDDLE EAST & AFRICA Record AOI Margin of 15.5% up 580 bps y-o-y(1), AOI of €472M H1 Market Leader in Algeria, Egypt, French Overseas and Turkey with 47.6%, 22.4% 34.7% and 30.5% share, respectively H1 Market Share Up 20 bps y-o-y to 11.9% SOUTH AMERICA Record AOI Margin of 13.9% H1 AOI above Full Year 2021 results H1 Market Leader in Region, Argentina, Brazil and Chile with 23.5%, 33.7%, 33.6% and 11.1% share, respectively Jeep #1 Selling SUV Brand in Brazil Fiat #1 Selling Brand in Region and Brazil for H1 CHINA AND INDIA & ASIA PACIFIC AOI Margin of 13.4% with AOI up 40% y-o-y(¹) to €289M China Asset-Light Business Model progressing; plan to terminate loss-making GAC-Stellantis JV and focus on Jeep import business All-New Jeep Meridian and Citroën C3 Launched in India deliveries began in June and July, respectively VM-080-VX (1) Compared to H1 2021 Pro Forma July 28, 2022 Citroën C4 X FIAT PULSE Fiat Pulse MENDAN Jeep Meridian H1 2022 RESULTS | 6#7GLOBAL SUV - ON PATH TO ZERO EMISSION FREEDOM Pricing Power +8.2%, +2.6% and +0.5% vs. Benchmark for H1 in U.S., EU G7, and Brazil, respectively Jeep Wrangler 4xe Remains #1 Selling PHEV in U.S.(1) with 19k units sold in H1, up 55% y-o-y STELLANTIS Compass and Renegade #1 and #2 Selling LEVs in Italy for H1; 42% LEV mix for brand in EU30 Highest H1 Grand Cherokee Global Sales Since 2000 with 155k units sold, of which 134k in U.S. First-Ever Fully Electric SUV for brand on track to be launched in early 2023 Further Expanded Gladiator Sales Globally to Brazil, China, Japan and South Africa Jeep Grand Cherokee JJ-516 AV (1) Per S&P Global May '22 year-to-date vehicle registrations (most current data available); PC + light-duty trucks July 28, 2022 Jeep BEV H1 2022 RESULTS | 7#8AMERICAN BRANDS - PRICING POWER BASED ON SHARP POSITIONING STELLANTIS CHRYSLER Pacifica #2 Selling PHEV in U.S.(1) with 8k units sold in H1 Pricing Power +4.3% vs. Benchmark for H1 in U.S. Chrysler Airflow Graphite Concept unveiled at New York Auto Show in April RAM Highest Ever U.S. ATP(2) for Ram 1500 at $57k/unit for H1 Pricing Power +3.8% vs. Benchmark for H1 in U.S. Best Ever H1 ProMaster Share with total U.S. large van segment share of 18.2%, up 110 bps y-o-y DODGE Best Ever U.S. ATP(2) for Challenger and Charger at $47k and $44k/unit, respectively for H1 Pricing Power +6.9% vs. Benchmark for H1 in U.S. Record Challenger and Charger Share with total U.S. full-size sedan segment share of 52.9% for H1 Chrysler Airflow Graphite (1) (2) Per S&P Global May '22 year-to-date vehicle registrations (most current data available); PC + light-duty trucks Per J.D. Power and Associates Power Information Network (PIN) data; retail sales July 28, 2022 Ram ProMaster Dodge Challenger SRT Super Stock Dodge Charger SRT Hellcat H1 2022 RESULTS | 8#9UPPER MAINSTREAM - GAINING ELECTRIFICATION MOMENTUM OPEL VAUXHALL PEUGEOT STELLANTIS Corsa #1 Selling Car in Germany B-Segment and overall best-selling car in UK Global BEV Sales Up 52% in H1 to 32k units 208 #1 Selling Vehicle in EU30 #1 LEV Brand in France brand market leader in France (1) for H1 H1 South America Market Share Up 43% y-o-y to 3.3%; fastest growing brand in Brazil Pricing Power +1.2% vs. Benchmark for H1 in Europe G7 Launched All-New Astra in Europe in March; BEV to launch in 2023 Pricing Power +3.4% vs. Benchmark for H1 in Europe G7 Unveiled All-New 408 in June, deliveries to start in late 2022 (1) PC share July 28, 2022 Opel Astra Peugeot 408 H1 2022 RESULTS | 9#10CORE - AFFORDABLE AND ASPIRATIONAL STELLANTIS South America H1 Market Share Up 30 bps y-o-y to 1.6% CITROËN All-New C3 Production Started in India and Brazil deliveries to start in July and September, respectively ABARTH FIAT → Market Leader in Brazil, Italy and Turkey with H1 share of 21.9%, 16.3% and 17.4%, respectively #1 Selling BEV in Germany and Italy across all segments in H1 Pricing Power +5.6% vs. Benchmark for H1 in Europe G7 Ë-C4 #3 Selling C-Hatch BEV in EU30 C4 at 33% BEV sales mix for H1 Pricing Power +7.0% vs. Benchmark for H1 in Europe G7 Strada #1 in Brazil Cronos #1 in Argentina for H1 sales July 28, 2022 FT-662-YP Citroën Strada E-C4 STRADA H1 2022 RESULTS | 10#11COMMERCIAL VEHICLES - CLEAR LEADERSHIP IN BEV SALES H1 Market Leader in EU30 and South America with 33.2% and 30.7% share, respectively, 1,550 bps and 1,670 bps ahead of competition STELLANTIS Best Ever Market Share in Middle East & Africa with H1 share of 12.9%; #2 in Region #1 BEV Sales in EU30 with nearly 50% BEV market share for H1, 3,460 bps ahead of competition Record H1 Ram Brand Sales Outside North America up 17% y-o-y to 15k units Partnering with Engie to offer fleet customer full solution for hydrogen fuel cell vehicle usage Accelerating Synergies with 3 Fiat vans on converged platforms in 2022 RAM Ram 1500 Rebel HYDROGEN HOPEL VIVARO-O HYDROGEN Citroën Peugeot Opel e-Jumpy e-Expert Vivaro-e Hydrogen Hydrogen Hydrogen Note: Commercial vehicles market share refers to LCVS (all vehicles excluding passenger cars) July 28, 2022 42500 O Fiat E-Doblo H1 2022 RESULTS | 11#12PREMIUM - GAINING MOMENTUM LFA ROMED LANCIA STELLANTIS DS AUTOMOBILES 100% BEV Portfolio from 2027 100% Electrified in 2024 100% BEV Launches from 2026 100% BEV Launches from 2024 EU30 LEV sales mix at 39% for H1 Pricing Power +3.5% and -1.2% vs. Benchmark for H1 in Europe G7 and U.S., respectively Successful Turnaround with improved operating performance and launch of Tonale in H1 Pricing Power -17.6% vs. Benchmark for H1 in Italy B-segment Ypsilon #1 Selling Vehicle in Italy B-Segment with 6.2% share for H1 Pricing Power +2.2% vs. Benchmark for H1 in Europe G7 EU30 Market Share Up 33% y-o-y to 0.4% for H1 July 28, 2022 AB-022TH LY-022AF Alfa Romeo Lancia Tonale Ypsilon JP-080-DS DS 7 H1 2022 RESULTS | 12#13LUXURY - ON PATH TO DOUBLE-DIGIT PROFITABILITY W Maserati STELLANTIS AOI Margin of 6.6% up 330 bps y-o-y(1), AOI more than doubled to €62M H1 Market Share(2) Up y-o-y in all key markets except China down 40 bps to 1.9% Pricing Power +2.7% vs. Benchmark for H1 in Europe G5(3) All-New MC 20 Cielo unveiled in May; deliveries to begin Q1 2023 Launched All-New Grecale with first deliveries in Europe at end of June Limited Edition Supercar unveiled in July; brand's top performance vehicle Maserati Maserati MC20 Cielo Grecale (1) Compared to H1 2021 Pro Forma (2) Calculated based on S&P Global data and Maserati competitive segment (3) France, Germany, Italy, Spain and UK July 28, 2022 Maserati Supercar H1 2022 RESULTS | 13#14AFFILIATES - GROWING NEW PROFITABLE BUSINESSES FINANCIAL SERVICES CIRCULAR ECONOMY STELLANTIS PRE-OWNED VEHICLES U.S. Captive Finco Development On Track expanded to near-prime and prime consumer bases, representing ~30% of June originations Record Europe Lease Vehicle Fleet, with 800k units at end of June, ahead of creation of multi-brand leasing company(1) Strong Profitability with results of finance companies (2) totaling €342M in H1 Reman Parts Sales Growth up 32% y-o-y(3) Acquired Majority Stake in Stimcar specialist in reconditioning used vehicles Europe Circular Economy Hub to be announced in H2 2022 Robust Business Model driven by continuous pricing improvements and synergies Aramis Group to Acquire Onlinecars(4) Austrian market leader for refurbished vehicle sales Further Expansion of Spoticar Multi-Brand Label to Fiat and Jeep networks in Europe (1) Transaction subject to agreement on definitive documentation and customary closing conditions, including regulatory approvals (2) 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. (3) Compared to H1 2021 Pro Forma (4) Aramis Group has made a commitment, subject to minor conditions precedent, particularly concerning antitrust aspects, to acquire all of the capital of Onlinecars July 28, 2022 SPOTICAR H1 2022 RESULTS | 14#15ELECTRIFICATION STRATEGY PROGRESSING AT FULL SPEED 5 Gigafactories Confirmed -188 GWh initial production capacity STELLANTIS 16+0 + TotolEnergies acc AUTOMOTIVE CELLS Global BEV Sales Up Nearly 50% STELLANTIS + SAMSUNG (1) #2 in EU30 for BEV and LEV Sales SAMSUNG SDI STELLANTIS + LG Energy Solution (1) NextStar Energy Emotors Production to Start in H2 2022 STELLANTIS + All for dreams E EMOTORS BEV #3 in U.S. for LEV Sales(2) 246 181 PHEV 110 90 H1'22 H1'21 Global LEV Sales 000 units (1) Closing subject to customary closing conditions, including regulatory approvals (2) Per S&P Global May '22 year-to-date vehicle registrations (most current data available); PC + light-duty trucks (3) Supply agreement is subject to successful start of commercial operation at Vulcan facility and full product qualification July 28, 2022 STELLANTIS Strengthened Low-Carbon Lithium Hydroxide Supply STELLANTIS + VULCAN ENERGY ZERO CARBON LITHIUM™ STELLANTIS + (3) CONTROLLED THERMAL RESOURCES eDCT Gearboxes Production to Start early 2023 STELLANTIS + punch powertrain Etransmissi Gransmissions H1 2022 RESULTS | 15#16July 28, 2022 STELLANTIS FINANCIAL RESULTS H1 2022 RESULTS | 16#17BASIS 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 H1 2021 results unless otherwise stated For purposes of this presentation, the captions noted below represent the following information: 。 H12021: excludes results of FCA for the period Jan 1 – 16 '21 。 H1 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 Note: All reported data is unaudited. Refer to Appendix for additional information related to Pro Forma results and reconciliations to applicable IFRS metrics. July 28, 2022 H1 2022 RESULTS | 17#18RECORD 14.1% MARGIN WITH €5.3B INDUSTRIAL FREE CASH FLOWS Consolidated Shipments down 7% vs. H1 2021 Pro Forma due to impact of increased unfilled semiconductor orders in H1 2022 Adjusted Operating Income up 44% y-o-y(3) to €12.4B, with margin at 14.1%; all 5 regions with double-digit margins Industrial Free Cash Flows of €5.3B reflect strong profitability and €3.1B of net cash synergies, partially offset by negative working capital impacts STELLANTIS RESULTS FROM CONTINUING OPERATIONS H1 2022 VS. € million, except as otherwise stated H1 2022 H1 2021 (1) Combined Shipments (2) (000 units) Consolidated Shipments (2) (000 units) 3,033 3,181 H1 2021 Pro Forma (1) 3,274 H1 2021 Pro Forma - 7% 2,934 3,080 3,171 - 7% Net Revenues 87,999 72,610 75,310 +17% Adjusted Operating Income Adjusted Operating Income Margin * * 12,374 8,438 8,622 +44% 14.1% 11.6% 11.4% +270 bps Industrial Free Cash Flows * Industrial Net Financial Position * Industrial Available Liquidity H1 2022 H1 2021 (1) H1 2021 Pro Forma (1) 5,319 650 (1,163) n.m. 22,054 (at Jun 30 '22) 19,090 (at Dec 31 '21) n.a. +16% (Jun vs. Dec) 59,728 62,706 - 5% n.a. (at Jun 30 '22) (at Dec 31 '21) (Jun vs. Dec) (2) (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 Combined Shipments include shipments by Company's consolidated subsidiaries and unconsolidated JVs, whereas Consolidated Shipments only include shipments by Company's consolidated subsidiaries (3) Compared to H1 2021 Pro Forma * Refer to Appendix for definitions of supplemental financial measures and reconciliations to applicable IFRS metrics n.a. Not applicable; n.m. - Not meaningful July 28, 2022 H1 2022 RESULTS | 18#19NET PROFIT OF €8.0B, UP 34% Net Revenues up €12.7B or 17% y-o-y(2) Unusual Charges of €2.1B, up from €1.1B for H1 2021 Pro Forma, includes accruals for restructuring, campaign costs and CAFE penalty rate adjustments Net Financial Expenses up €202M y-o-y(2), primarily due to impact of hyperinflation in Turkey Equity Method Investees Profit offset by non-cash impairment of investment in GAC-Stellantis JV in China for €0.3B Tax Expense up €228M y-o-y(2), with Effective Tax Rate of 20.1%, down from 24.1% € million, except as otherwise stated Net Revenues Operating Income Net Financial Expenses Profit before Taxes Tax Expense Share of the Profit of Equity Method Investees of which Results of Finance Companies Net Profit STELLANTIS RESULTS FROM CONTINUING OPERATIONS H1 2022 VS. H1 2022 87,999 H1 2021 (1) 72,610 H1 2021 Pro Forma (1) H1 2021 Pro Forma 75,310 +17% 10,320 7,344 7,517 +37% 431 217 229 + 88% 9,889 7,127 7,288 +36% 1,985 1,729 1,757 +13% 56 402 405 - 86% 342 329 338 +1% 7,960 5,800 5,936 + 34% (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) Compared to H1 2021 Pro Forma July 28, 2022 H1 2022 RESULTS | 19#20STRONG NET PRICING, FAVORABLE VEHICLE MIX AND POSITIVE FX TRANSLATION July 28, 2022 € billion 75.3 (2.0) NET REVENUES +17% STELLANTIS 4.6 1.3 5.8 3.0 88.0 H1 2021 Pro Forma (1) Volume & Market Mix Vehicle Net Price & Content Vehicle Line Mix FX Other H1 2022 Translation (1) Refer to Basis of Presentation for additional information regarding amounts presented for H1 2021 Pro Forma and Appendix for additional information related to Pro Forma results and reconciliations to applicable IFRS metrics Figures may not add due to rounding H1 2022 RESULTS | 20#21RECORD 14.1% MARGIN, PRICING MORE THAN OFFSETTING RAW MATERIAL HEADWINDS € million % Adjusted Operating Income Margin 8,622 11.4% (2,426) Operating Environment ADJUSTED OPERATING INCOME * 678 5,848 (55) (3,785) 457 Performance: +6,178 or + 72% H12021 Pro Forma (1) Industry & Market Mix Vehicle Net Price & Content Vehicle Line Mix Market Share Industrial & Market Mix STELLANTIS 3,217 12,374 14.1% (182) Change in dealer stock +€2.3B SG&A R&D FX & Other H1 2022 (1) Refer to Basis of Presentation for additional information regarding amounts presented for H1 2021 Pro Forma 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 * July 28, 2022 H1 2022 RESULTS | 21#22NORTH AMERICA RECORD 18.1% MARGIN SHIPMENTS (000 units) 959 873 NET REVENUES (€ billion) 42.4 32.4 H1'22 H1'21 Pro Forma (1) Up 10%, mainly due to strong demand for all-new Wagoneer/Grand Wagoneer, mid-cycle refresh of Jeep Compass, all-new Jeep Grand Cherokee L and Chrysler Pacifica, partially offset by lower volumes of Ram pickups, Dodge Durango and discontinued Grand Cherokee WK • H1'22 H1'21 Pro Forma (1) Up 31%, primarily due to higher volumes, strong net pricing, favorable vehicle mix and positive FX translation effects € million % = Adjusted Operating Income Margin 5,236 16.1% (1,226) ADJUSTED OPERATING INCOME 2,337 120 125 STELLANTIS ADJUSTED OPERATING INCOME & MARGIN (€ million) 7,683 5,236 18.1% 16.1% H1'22 H1'21 Pro Forma (1) • Up €2.4B, primarily due to higher Net Revenues and favorable FX translation and transaction effects, partially offset by increased raw materials and logistics costs 2,725 7,683 177 18.1% (1,810) (1) Change in dealer stock + €2.0B H12021 Pro Forma (1) Operating Environment Industry & Market Mix Performance: + 3,673 or + 70% Vehicle Net Price & Content Vehicle Line Mix Market Share Industrial & Market Mix SG&A R&D FX & Other H1 2022 (1) Refer to Basis of Presentation for additional information regarding amounts presented for H1 2021 Pro Forma and Appendix for additional information related to Pro Forma results and reconciliations to applicable IFRS metrics July 28, 2022 H1 2022 RESULTS | 22#23ENLARGED EUROPE DOUBLE-DIGIT MARGIN ACHIEVED AHEAD OF PLAN SHIPMENTS (000 units) 1,362 1,664 NET REVENUES (€ billion) 31.3 32.0 STELLANTIS ADJUSTED OPERATING INCOME & MARGIN (€ million) 3,267 2,829 10.4% 8.8% H1'22 H1'21 • H1'22 H1'21 Pro Forma (1) Down 18%, with demand for all-new Peugeot 308, Fiat Professional Scudo and DS4 more than offset by impact of increased unfilled semiconductor orders in H1 2022 H1'22 H1'21 Pro Forma (1) ⚫ Down 2%, with favorable net pricing, improved vehicle mix, primarily increased BEVs and PHEVS, and lower volumes with buyback commitments, more than offset by reduced new vehicle volumes • Pro Forma (1) Up €438M, primarily due to positive net pricing, favorable vehicle mix, cost containment actions and lower buyback volumes, partially offset by higher raw materials and energy costs € million % = Adjusted Operating Income Margin 2,829 8.8% (1,160) ADJUSTED OPERATING INCOME 1,764 274 994 3,267 324 (158) 10.4% (1,516) (84) Change in dealer stock + €0.3B H12021 Pro Forma (1) Operating Environment Industry & Market Mix Performance: +1,598 or + 56% Vehicle Net Price & Content Vehicle Line Mix Market Share Industrial & Market Mix SG&A R&D FX & Other H1 2022 (1) Refer to Basis of Presentation for additional information regarding amounts presented for H1 2021 Pro Forma and Appendix for additional information related to Pro Forma results and reconciliations to applicable IFRS metrics July 28, 2022 H1 2022 RESULTS | 23#24MIDDLE EAST & AFRICA . AOI NEARLY DOUBLED WITH FLAT VOLUMES COMBINED SHIPMENTS (000 units) ■ JV ■Consolidated 199 200 61 62 138 H1'21 138 H1'22 Pro Forma (1) Consolidated Shipments flat, with higher volumes of all-new Jeep Grand Cherokee L and Citroën C4, as well as Opel Mokka and Peugeot 3008 and 208, offset by impact of increased unfilled semiconductor orders in H1 2022 € million % = Adjusted Operating Income Margin • NET REVENUES (€ billion) 3.0 2.5 H1'22 H1'21 Pro Forma (1) Up 19%, primarily due to higher net pricing, including pricing actions for Turkish lira devaluation, and improved vehicle mix, partially offset by negative FX translation effects, mainly from Turkish lira ADJUSTED OPERATING INCOME STELLANTIS ADJUSTED OPERATING INCOME & MARGIN (€ million) 472 247 15.5% 9.7% H1'22 H1'21 Pro Forma (1) • Up 91%, mainly due to increased Net Revenues, partially offset by negative FX transaction and translation effects 247 9.7% H12021 Pro Forma (1) Operating Environment Industry & Market Mix 693 40 2 22 5 (9) 472 (523) 15.5% Performance: +230 or + 93% Vehicle Net Price & Content Vehicle Line Mix Market Share Industrial & Market Mix SG&A R&D FX & Other H1 2022 (1) Refer to Basis of Presentation for additional information regarding amounts presented for H1 2021 Pro Forma and Appendix for additional information related to Pro Forma results and reconciliations to applicable IFRS metrics July 28, 2022 H1 2022 RESULTS | 24#25SOUTH AMERICA H1 ALREADY EXCEEDS FULL YEAR 2021 RESULTS SHIPMENTS (000 units) 403 424 • H1'22 H1'21 Pro Forma (1) Down 5%, with strong demand for all-new Fiat Pulse, as well as Peugeot 208 and Jeep Compass more than offset by impact of increased unfilled semiconductor orders in H1 2022 € million % = Adjusted Operating Income Margin 326 6.6% (5) • NET REVENUES (€ billion) 7.2 4.9 H1'22 H1'21 Pro Forma (1) Up 47%, mainly due to very strong net pricing, favorable vehicle mix and positive FX translation effects, mainly Brazilian real, partially offset by lower volumes ADJUSTED OPERATING INCOME 947 168 19 (448) STELLANTIS ADJUSTED OPERATING INCOME & MARGIN (€ million) • (55) (86) 1,002 13.9% 326 6.6% H1'22 H1'21 Pro Forma (1) Up €676M, primarily due to higher Net Revenues and favorable FX translation and transaction effects, more than offsetting higher raw materials and logistics costs 136 1,002 13.9% H1 2021 Pro Forma (1) Operating Environment Industry & Market Mix Performance: +681 or + 209% Vehicle Net Price & Content Vehicle Line Mix Market Share Industrial & Market Mix SG&A R&D FX & Other H1 2022 (1) Refer to Basis of Presentation for additional information regarding amounts presented for H1 2021 Pro Forma and Appendix for additional information related to Pro Forma results and reconciliations to applicable IFRS metrics July 28, 2022 H1 2022 RESULTS | 25#26STRONG PROFITABILTY DESPITE COVID LOCKDOWNS China and India & Asia Pacific Improved results mainly driven by favorable net pricing and vehicle mix, primarily related to Ram 1500 and Jeep brand vehicles, partially offset by unfavorable market mix Maserati Improved results mainly due to higher net pricing, favorable vehicle mix, driven by all-new MC20, and positive FX transaction effects, partially € million, except as otherwise stated CHINA AND INDIA & ASIA PACIFIC H1 2022 H1 2021 Pro Forma (1) STELLANTIS MASERATI H1 2022 H1 2021 Pro Forma (1) RESULTS FROM CONTINUING OPERATIONS Combined Shipments (2) (000 units) 100 102 - 2% n.a. n.a. n.a. Consolidated Shipments (2) (000 units) 62 61 +2% 10.2 10.8 - 6% Net Revenues 2,152 1,883 +14% 941 885 + 6% offset by increased D&A for new vehicle launches Adjusted Operating Income 289 206 + 40% 62 29 +114% Adjusted Operating Income Margin 13.4% 10.9% +250 bps 6.6% 3.3% +330 bps (1) Refer to Basis of Presentation for additional information regarding amounts presented for H1 2021 Pro Forma 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 July 28, 2022 H1 2022 RESULTS | 26#27STRONG CASH GENERATION INCLUDES €3.1B NET CASH SYNERGIES A vs. H1 2021 € million 12,292 3,213 INDUSTRIAL FREE CASH FLOWS * (4,430) (3,204) (67) (405) H1 2022 Capex, Industrial Adjusted Operating Income Depreciation Capitalized Working & Amortization R&D & Other Capital Changes in Provisions & Other Restructuring Investments Pro Forma (1) 3,712 418 903 142 2,318 (81) STELLANTIS (2,080) Financial Charges & Taxes 5,319 H1 2022 Industrial Free Cash Flows (930) 6,482 (1) Refer to Basis of Presentation for additional information regarding amounts presented for H1 2021 Pro Forma 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 July 28, 2022 H1 2022 RESULTS | 27#28DEALER INVENTORY LEVELS REMAIN LOW Dealer inventories down 381k units from Dec 31 '20 reflecting disciplined inventory management Dealer inventories relatively flat from Dec 31 '21 in all regions except North America and Enlarged Europe 。 North America dealer inventory up 22k units from Dec 31 '21 to meet consumer demand • Enlarged Europe dealer inventory down 20k units from Dec 31 '21, primarily due to unfilled semiconductor orders continuing to impact production 000 units (1) Represents simple aggregation of FCA and PSA inventory units as of period end July 28, 2022 NEW VEHICLE INVENTORY STELLANTIS 1,256 171 882 845 807 791 Company 110 141 179 96 1,085 Independent dealers 704 628 695 772 Jun 30 '22 Mar 31 '22 Dec 31 '21 Jun 30 '21 Dec 31 '20 Aggregated (1) H1 2022 RESULTS | 28#292022 INDUSTRY OUTLOOK AND GUIDANCE STELLANTIS NORTH AMERICA ENLARGED EUROPE MIDDLE EAST & AFRICA -8% Outlook for region reduced from Stable y-o-y, primarily due to slowdown in U.S. - 12% Stable Outlook for region reduced from -2% y-o-y, mainly due to slowdown in EU30 Outlook for region unchanged FY 2022 GUIDANCE - CONFIRMED Adjusted Operating Income Margin Industrial Free Cash Flows * * Double-Digit Positive Assumes economic and COVID-19 conditions remain substantially unchanged SOUTH AMERICA Stable INDIA & ASIA PACIFIC CHINA +5% Stable Outlook for region reduced from +3% y-o-y, primarily due to slowdown in Brazil Outlook for region unchanged Outlook for region unchanged Source: China State Information Center (SIC), S&P Global, Ward's Automotive and Company estimates * Refer to Appendix for definitions of supplemental financial measures July 28, 2022 H1 2022 RESULTS | 29#30RESILIENT, ALL-WEATHER COMPANY FOCUSED ON EV LEADERSHIP STELLANTIS Sustainable Profitability with breakeven point at <50% of 2021 consolidated shipments BEVs Gaining Momentum 20 BEVS currently available; additional 28 BEVS to be launched through 2024 Dare Forward 2030 our blueprint for how we plan to lead the industry A DODGE Tear Up the Streets....Not the Planet August 16 & 17 Upcoming Electrification Events Jeep Day Freedom is Electric September RAM REVOLUTION Built to Serve a Sustainable Planet November July 28, 2022 H1 2022 RESULTS | 30#31July 28, 2022 STELLANTIS APPENDIX H1 2022 RESULTS | 31#32DEFINITIONS AND NOTES TO PRESENTATION STELLANTIS • For purposes of this presentation, and unless otherwise stated: Rankings, market share and other industry information are for passenger cars (PC) plus light commercial vehicles (LCV) and are derived from third-party industry sources (e.g. Agence Nationale des Titres Sécurisés (ANTS), Associação Nacional dos Fabricantes de Veículos Automotores (ANFAVEA), Unione Nazionale Rappresentanti Autoveicoli Esteri (UNRAE), Ward's Automotive) and internal information LEV = Low emission vehicles, which include battery electric (BEV), plug-in hybrid (PHEV) and fuel cell electric (FCEV) vehicles EU30 = EU 27 (excluding Malta), Iceland, Norway, Switzerland and UK Europe G7 = Belgium, France, Germany, Italy, Netherlands, Spain and UK July 28, 2022 H1 2022 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. July 28, 2022 H1 2022 RESULTS | 33#34H1 KEY COMMERCIAL METRICS 000 units H1 2022 H1 2021 MARKET SHARE (1) H1 INDUSTRY (1) (2022 vs. 2021) 3,019 3,595 1,779 1,377 936 1,077 COMBINED SALES STELLANTIS 395 412 202 210 52 56 47 50 10.3 11.3 TOTAL NORTH AMERICA ENLARGED EUROPE MIDDLE EAST & AFRICA SOUTH AMERICA INDIA & ASIA PACIFIC CHINA Maserati 11.3% 10.9% 19.6% 20.3% 11.9% 11.7% 23.5% 23.5% 0.8% 0.8% 0.5% 0.5% 2.1% 2.1% -17% - 20% - 6% - 4% +1% -10% (1) Industry and market share information is derived from third-party industry sources (e.g. Agence Nationale des Titres Sécurisés (ANTS), Associação Nacional dos Fabricantes de Veículos Automotores (ANFAVEA), Unione Nazionale Rappresentanti Autoveicoli Esteri (UNRAE), Ward's Automotive) and internal information. Represents PC and LCVS, except as noted below: Middle East & Africa exclude Iran, Sudan and Syria India & Asia Pacific reflects aggregate for major markets where Stellantis competes (Japan (PC), India (PC), South Korea (PC + Pickups), Australia, New Zealand and South East Asia) China represents PC only Maserati reflects aggregate for 17 major markets where Maserati competes and is derived from S&P Global data, Maserati competitive segment and internal information Figures may not add due to rounding. Prior period figures have been updated to reflect current information provided by third party industry sources. 2021 includes FCA for the period Jan 1-16. July 28, 2022 - 7% H1 2022 RESULTS | 34#35Q2 KEY COMMERCIAL METRICS 000 units 1,843 1,547 Q2 2022 Q2 2021 MARKET SHARE (1) Q2 INDUSTRY (1) (2022 vs. 2021) 915 699 474 545 COMBINED SALES 109 105 211 219 28 28 STELLANTIS 22 22 25 25 TOTAL NORTH AMERICA ENLARGED EUROPE MIDDLE EAST & AFRICA SOUTH AMERICA INDIA & ASIA PACIFIC CHINA 11.0% 10.4% 20.2% 19.8% 12.7% 11.8% 23.3% 24.9% 0.9% 0.9% 0.5% 0.5% - 18% -25% - 4% +3% +9% - 18% (1) Industry and market share information is derived from third-party industry sources (e.g. Agence Nationale des Titres Sécurisés (ANTS), Associação Nacional dos Fabricantes de Veículos Automotores (ANFAVEA), Unione Nazionale Rappresentanti Autoveicoli Esteri (UNRAE), Ward's Automotive) and internal information. Represents PC and LCVS, except as noted below: Middle East & Africa exclude Iran, Sudan and Syria India & Asia Pacific reflects aggregate for major markets where Stellantis competes (Japan (PC), India (PC), South Korea (PC + Pickups), Australia, New Zealand and South East Asia) China represents PC only Maserati reflects aggregate for 17 major markets where Maserati competes and is derived from S&P Global data, Maserati competitive segment and internal information Figures may not add due to rounding. Prior period figures have been updated to reflect current information provided by third party industry sources. July 28, 2022 5.1 6.0 Maserati 2.0% 2.1% -1% H1 2022 RESULTS | 35#36RECONCILIATION OF NET REVENUES FROM EXTERNAL CUSTOMERS TO NET REVENUES H1 2022 RESULTS FROM CONTINUING OPERATIONS STELLANTIS € million North America Enlarged Europe Middle East & Africa South America China and India & Asia Pacific Maserati Other (1) Stellantis Net Revenues from External Customers 42,442 31,275 3,039 7,233 2,150 943 917 87,999 Net Revenues from Transactions with Other Segments 1 44 2 (2) (45) Net Revenues 42,443 31,319 3,039 7,233 2,152 941 872 87,999 (1) Other activities, unallocated items and eliminations July 28, 2022 H1 2022 RESULTS | 36#37RECONCILIATION OF NET REVENUES FROM EXTERNAL CUSTOMERS TO PRO FORMA NET REVENUES STELLANTIS H1 2021 Pro Forma RESULTS FROM CONTINUING OPERATIONS China and North Enlarged € million America Europe Middle East & Africa South America India & Asia Pacific Maserati Other (1) Stellantis Net Revenues from External Customers (2) 30,420 31,504 2,511 4,742 1,822 863 748 72,610 Add: FCA Net Revenues from External Customers - Jan 1-16 '21 (3) 2,015 335 36 189 51 18 60 2,704 Add: Pro Forma Adjustments (4) 3 (7) (4) Pro Forma Net Revenues from External Customers - Jan 1-Jun 30 '21 32,438 31,832 2,547 4,931 1,873 881 808 75,310 Net Revenues from Transactions with Other Segments 9 208 5 10 4 (236) Pro Forma Net Revenues (5) 32,447 32,040 2,547 4,936 1,883 885 572 75,310 (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 - Jun 30 '21 July 28, 2022 H1 2022 RESULTS | 37#38RECONCILIATION OF NET PROFIT TO ADJUSTED OPERATING INCOME H1 2022 RESULTS FROM CONTINUING OPERATIONS STELLANTIS € 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) CAFE Penalty Rate (3) Takata Recall Campaign (4) North America Enlarged Europe Middle East & Africa South America China and India & Asia Pacific Maserati Other (1) Stellantis 7,960 1,985 431 (56) 10,320 157 619 33 660 538 22 2 Patents Litigation (5) 93 40 1 IIII Impairment Expense and Supplier Obligations 18 4 45 Other (6) (62) (210) (1) Total Adjustments 866 991 22 Adjusted Operating Income 7,683 3,267 472 81 1,002 (1) 289 62 29 838 660 562 134 67 66 (207) 95 2,054 (401) 12,374 (1) Other activities, unallocated items and eliminations (5) (2) Primarily related to workforce reductions, mainly in Enlarged Europe, North America and South America (3) Increase in provision related to Model Year 2019-2021 CAFE penalty rate adjustment (6) Provision related to litigation by certain patent owners related to the use of certain technologies in prior periods Mainly related to release of litigation provisions, changes in ownership of equity method investments, partially offset by net losses on disposals (4) Extension of Takata airbags recall campaign in Enlarged Europe, Middle East & Africa and South America July 28, 2022 H1 2022 RESULTS | 38#39RECONCILIATION OF NET PROFIT TO PRO FORMA ADJUSTED OPERATING INCOME H1 2021 Pro Forma RESULTS FROM CONTINUING OPERATIONS STELLANTIS € million North America Enlarged Europe Middle East & Africa South America China and India & Asia Pacific Maserati Other (1) Stellantis Net Profit from Continuing Operations 5,800 Tax Expense 1,729 217 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 Adjustments: Restructuring and Other Costs, Net of Reversals (2) Reversal of Inventory FV Adjustment in Purchase Accounting (3) Impairment Expense and Supplier Obligations Brazilian Indirect Tax - Reversal of Liability/Recognition of Credits (4) (2) 487 1 48 401 89 13 19 21 I (222) (402) 7,344 77 96 7,517 7 541 NIT 522 21 (222) Other (5) Total Adjustments Jan 1 - Jun 30 '21 36 85 2 120 243 435 682 1 (161) 19 2 127 1,105 Pro Forma Adjusted Operating Income 5,236 2,829 247 326 206 29 (251) 8,622 (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) Reversal of fair value adjustment recognized in purchase accounting on FCA inventories (5) 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 July 28, 2022 H1 2022 RESULTS | 39#40RECONCILIATION OF NET PROFIT TO ADJUSTED OPERATING INCOME H1 2021 RESULTS FROM CONTINUING OPERATIONS STELLANTIS North € million America Enlarged Europe Middle East & Africa South America China and India & Asia Pacific Maserati Other (1) Stellantis Net Profit from Continuing Operations 5,800 1,729 Tax Expense Net Financial Expenses Share of the Profit of Equity Method Investees Operating Income Adjustments: Restructuring and Other Costs, Net of Reversals (2) Reversal of Inventory FV Adjustment in Purchase Accounting (3) 401 Impairment Expense and Supplier Obligations Brazilian Indirect Tax - Reversal of Liability/Recognition of Credits (4) Other (5) Total Adjustments Jan 1 - Jun 30 '21 Less: Adjustments Jan 1 - 16 '21 (6) Adjusted Operating Income (2) ལྕི་བ་༔ 21 487 1 48 89 13 19 I . (222) 36 85 435 682 I I 217 (402) 7,344 7 541 NII 522 21 (222) 2 120 243 (161) 19 2 127 1,105 317 208 42 (246) 11 8,438 4,983 2,878 256 (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) Reversal of fair value adjustment recognized in purchase accounting on FCA inventories (5) 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 (6) Primarily costs related to the Merger July 28, 2022 H1 2022 RESULTS 140#41RECONCILIATION OF CASH FLOWS FROM OPERATING ACTIVITIES TO INDUSTRIAL FREE CASH FLOWS € million Cash Flows from Operating Activities Less: Cash Flows from Operating Activities - Discontinued Operations STELLANTIS H1 2022 H1 2021 9,843 5,615 Cash Flows from Operating Activities - Continuing Operations 9,843 5,615 Less: Operating Activities not Attributable to Industrial Activities 129 (22) Less: Capital Expenditures and Capitalized R&D Expenditures and Change in Amounts Payable on Property, Plant and Equipment and Intangible Assets for Industrial Activities 4,388 4,982 Add: Proceeds from Disposal of Assets and Other Changes in Investing Activities 251 100 Less: Contributions of Equity to JVs and Minor Acquisitions of Consolidated Subsidiaries and Equity Method Investments Add: Net Intercompany Payments between Continuing Operations and Discontinued Operations 293 141 I 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 July 28, 2022 35 36 5,319 650 (1,813) (1,163) H1 2022 RESULTS | 41#42RECONCILIATION OF DEBT TO INDUSTRIAL NET FINANCIAL POSITION July 28, 2022 € 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 Net Financial Position Less: Net Financial Position of Financial Services Industrial Net Financial Position STELLANTIS Jun 30 2022 (28,164) Dec 31 2021 (33,582) 332 103 14 (9) 1,779 1,499 46,355 49,629 20,316 17,640 (1,738) (1,450) 22,054 19,090 H1 2022 RESULTS | 42#43DEBT MATURITY SCHEDULE - INDUSTRIAL ACTIVITIES € billion Outstanding Jun 30 2022 STELLANTIS 6M 2022 2023 2024 2025 2026 Beyond 18.8 Capital Markets Debt 1.4 3.4 2.0 0.7 2.5 8.9 2.9 Bank Debt 1.1 0.4 0.4 0.9 0.0 0.0 0.6 Other Debt 0.5 0.1 0.0 0.0 0.0 0.0 2.5 Lease Liabilities 0.4 0.5 0.4 0.2 0.1 1.0 24.7 Total Industrial Cash Maturities (1) 3.3 4.4 2.7 1.7 2.6 9.9 46.9 Cash, Cash Equivalents and Financial Securities 12.8 Undrawn Committed Credit Lines 59.7 Total Industrial Available Liquidity (1) Excludes accruals and asset backed financing of €0.6B and purchase accounting effects of €0.6B at Jun 30 2022 Figures may not add due to rounding July 28, 2022 H1 2022 RESULTS | 43#44RESEARCH AND DEVELOPMENT COSTS AND EXPENDITURES July 28, 2022 STELLANTIS RESULTS FROM CONTINUING OPERATIONS € million H1 2022 H1 2021 (1) H1 2021 Pro Forma (1) Research and Development Expenditures Expensed 1,605 1,305 1,362 Amortization of Capitalized Development Expenditures 931 726 742 Impairment and Write-off of Capitalized Development Expenditures 11 15 15 Total Research and Development Costs 2,547 2,046 2,119 Capitalized Development Expenditures (2) Research and Development Expenditures Expensed Total Research and Development Expenditures (1) Refer to Basis of Presentation for additional information regarding amounts presented for the respective period (2) Does not include capitalized borrowing costs in accordance with IAS 23 - Borrowing costs (Revised) 1,444 1,484 1,563 1,605 1,305 1,362 3,049 2,789 2,925 H1 2022 RESULTS |44#45STELLANTIS

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