H1 2022 Results - Stellantis Affiliate Growth and Profitability
RECORD 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 | 18View entire presentation