H1 2022 Results - Stellantis Affiliate Growth and Profitability
RECONCILIATION 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 | 39View entire presentation