FY 2021 Results
RECORD 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 | 19View entire presentation