H1 2022 Results - Stellantis Affiliate Growth and Profitability
STRONG 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 | 26View entire presentation