FY 2021 Results
RECONCILIATION 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 | 51View entire presentation