FY 2021 Results
RECONCILIATION OF NET PROFIT TO PRO FORMA ADJUSTED OPERATING INCOME
FY 2021 Pro Forma
€ million
Net Profit from Continuing Operations
Tax Expense
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
RESULTS FROM CONTINUING OPERATIONS
STELLANTIS
North
America
South
America
Enlarged
Europe
Middle East
& Africa
China and
India & Asia
Pacific
Maserati
Other (1)
Stellantis
13,218
1,911
734
(737)
15,126
77
96
15,299
Adjustments:
Restructuring and Other Costs, Net of Reversals (2)
Change in Estimate of Non-Contractual Warranties (3)
Reversal of Inventory FV Adjustment in Purchase Accounting (4)
Impairment Expense and Supplier Obligations (5)
Brazilian Indirect Tax - Reversal of Liability/Recognition
of Credits (6)
གྱེསཏྟཱ༞ །
58
(4)
54
781
2
68
401
836
581
57
13
89
233
2516
13
19
-116
39
873
732
522
309
(253)
(253)
Other (7)
Total Adjustments Jan 1 - Dec 31 '21
228
41
(17)
(6)
7
2
274
529
685
(71)
1,667
59
39
20
313
2,712
Pro Forma Adjusted Operating Income
11,356
882
5,370
545
442
103
(687)
18,011
(1)
Other activities, unallocated items and eliminations
(5)
Primarily related to certain vehicle platforms in Enlarged Europe
(2) Restructuring and other costs related to reorganization of operations and dealer network, primarily in Enlarged Europe
(3) Change in estimate for warranty costs incurred after the contractual warranty period
(6)
(7)
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
(4) Reversal of fair value adjustment recognized in purchase accounting on FCA inventories
February 23, 2022
FY 2021 RESULTS | 48View entire presentation