Stellantis N.v. · EURONEXT:STLAP
Stellantis — Investor Day (June 2024)
38 slides from Stellantis's investor day presentation, Jun 13, 2024
Slide 1: Stellantis Investor Day June 13, 2024
INVESTOR ee
Slide 2: Safe Harbor Statement
STELEANTIS SAFE HARBOR STATEMENT See This document, in particular references to “FY 2024 Company Guidance”, contains forward-looking statements. Statements regarding future financial performance and the Company's expectations as to the achievement of certain targeted metrics, including revenues, ind
Slide 3: Today and Tomorrow
ee — TODAY AND TOMORROW gd be - EDDITMIRE HEAD OF INVESTOR RELATIONS . < —“
Slide 4: What You Will Hear Throughout Today
WHAT YOU WILL HEAR - THROUGHOUT TODAY - STELLANTIS IS A HIGHLY DIFFERENTIATED GLOBAL OEM,-LENDING IT SPECIFIC ADVANTAGES AGAINST A DYNAMIC AND DISRUPTIVE INDUSTRY BACKDROP - STAND-OUT, MULTI-ENERGY FLEXIBILITY ALLOWS STELLANTIS TO DELIVER PROFITABLY ACROSS A WIDE VARIETY OF EV ADOPTION SCENARIOS . T
Slide 5: Carlos Tavares, Chief Executive Officer
CARLOS TAVARE CHIEF EXECUTIVE ORBIEER < = Bey
Slide 6: What Drives Stellantis' Edge
STEBLANTIS WHAT DRIVES STELLANTIS’ EDGE ___ TODAY AND TOMORROW 1. EMBRACING INDUSTRY REINVENTION 2. LEVERAGING DIFFERENTIATORS TO UNLOCK VALUE 3. ADDRESSING 2024 CHALLENGES
Slide 7: Embracing Industry Reinvention
1 EMBRACING INDUSTRY REINVENTION THE DISRUPTION AND REINVENTION OF THE AUTO INDUSTRY HISTORICAL SUCCESS FACTORS * Global scale * Leadership in biggest, most sophisticated markets ¢ Brand strength = customer trust, loyalty and service * Outstanding products DISRUPTION * Changing customer expectations
Slide 8: Customer Demands Are More Diverse Than Ever
c U STO M E R Varied economic considerations DEMAN DS Generational divides ARE MORE Urbanization D IVE RS E Fragmentation of climate consciousness THAN EVER : Software lifestyle feature demand - oo LL = SOLUTION: ONE SIZE CANNOT FIT ALL
Slide 9: Electrification: Higher Growth Markets Can Be Seized
STELEANTIS ELECTRIFICATION HIGHER GROWTH MARKETS CAN BE SEIZED WHEN CHALLENGES ARE MET Near-term adoption uncertainties demand flexibility Zero-emissions transportation remains end state Rising bar for product/price competitiveness Rapid progress to achieve margin parity Avoid regulatory fines SOLUT
Slide 10: Rising Role of China Globally Demands Strategic Consideration
STELEANTIS RISING ROLE GLOBALLY DEMANDS STRATEGIC CONSIDERATION EV competitiveness strong Responding requires new kinds of products Customer consideration rising SOLUTION: COST & SPEED ARE IMPERATIVE
Slide 11: Deglobalization & Growth Emerging in New Areas
STELEANTIS DEGLOBALIZATION & GROWTH EMERGING IN NEW AREAS Increasing barriers to trade between regional bubbles and larger incentives to localize costs/contents Specific needs of each region must be addressed and capitalized on Demographic and economic tailwinds are becoming more favorable in emergi
Slide 12: Required Toolkit Expanding to Win in New Global Auto Market
REQUIRED TOOLKIT EXPANDING TO WIN IN NEW GLOBAL AUTO MARKET Global reach Scale in major markets Brand strength = customer trust, loyalty and services Outstanding products
Slide 13: Leveraging Differentiators to Unlock Value
STELEANTIS WHAT DRIVES STELLANTIS’ EDGE TFODAY AND TOMORROW 2. LEVERAGING DIFFERENTIATORS TO UNLOCK VALUE
Slide 14: Stellantis Differentiators
STELLANTIS DIFFERENTIATORS FORTIFIED BY DARE FORWARD 2030 Portfolio of iconic and innovative brands reaching all price points across multiple regional markets Global market presence that combines scaled NA/EE regions w/ rapidly expanding 3" Engine Comprehensive multi-energy approach, spanning produc
Slide 15: Stellantis Differentiators
STELLANTIS DIFFERENTIATORS FORTIFIED BY DARE FORWARD 2030 Portfolio of iconic and innovative brands reaching all price points across multiple regional markets Global market presence that combines scaled NA/EE regions w/ rapidly expanding 3" Engine Comprehensive multi-energy approach, spanning produc
Slide 16: Portfolio of Iconic Brands
STELEANTIS Bo © see FAT citROEN * ps AUTOMOBILES: sop @ Ke oS o. & € Manerati. Ram VAUXHALL PORTFOLIO OF ICONIC BRANDS ADDRESSING DIVERSE NEEDS BRAND PORTFOLIO CONTRIBUTES TO W/ ENVIABLE REACH LEADING PERFORMANCE Full coverage of pricing spectrum ENABLES TOP 3 GLOBAL SCALE Local hero brands leading
Slide 17: Stellantis Differentiators
STELLANTIS DIFFERENTIATORS FORTIFIED BY DARE FORWARD 2030 Bee ice pes pe ee nce uly ecole CV bsetness with regional markets 9 P Global market presence that Vie combines scaled NA/EE regions owen ten: Bh A w/ rapidly expanding 3" Engine PI Comprehensive multi-energy approach, . spanning products, pla
Slide 18: Leading Commercial Vehicle Business
)) 2 }Leveracinc DIFFERENTIATORS LEADING COMMERCIAL VEHICLE BUSIN esstill | #1 IN EU30, #1INSA, #1INEU30BEV #1IN! ~33% OF 2023 TOTAL COMMERCIAL VEHICL #1 IN MEA AND #3 IN NA NET REVENUES ‘ = rea (as of Q1'24) ie ABOVE-GROUP || TARGETING GLOBAL | AOI MARGINS | LEADERSHIP
Slide 19: Stellantis Differentiators
STELLANTIS DIFFERENTIATORS FORTIFIED BY DARE FORWARD 2030 Portfolio of iconic and innovative brands reaching all price points across multiple regional markets Fully scaled CV business, with mid-to-high teens profitability Global market presence that combines scaled NA/EE regions w/ rapidly expanding
Slide 20: Aligned to Win on China Dynamics
CEO ALIGNED TO WIN ON CHINA DYNAMICS STELENNTIS >20% owner of #3-ranked Chinese startup NEV Fastest growing category in China STLA brands focus on profitable niches JV distributes Leapmotor ex-China Complementary brand strengths Launching Sep 2024 in 9 EU countries, followed by other regions Q4 2024
Slide 21: Addressing 2024 Challenges
STELEANTIS WHAT DRIVES STELLANTIS’ EDGE TODAY AND TOMORROW 3. ADDRESSING 2024 CHALLENGES
Slide 22: Assessing Key '24 YTD Performance Drivers
Slide 23: Improve North American Performance
IMPROVE NORTH AMERICAN PERFORMANCE New, experienced NA senior More productive inventory mix, leadership team including impactful new product Enhanced marketing initiatives Improvement of ‘days supply’ Measured recalibration Increased competitiveness of pricing/incentive mix Continued profit leadersh
Slide 24: Progressing LEV/BEV Mix Amid Significant Uncertainties
=) PROGRESSING LEV/BEV MIX AMID SIGNIFICANT UNCERTAINTIES Attractive new CARB deal Maintaining strong margin while improving the LEV mix Exploit multi-energy capabilities Narrowing ICE/BEV margin gaps Leverage leadership in hybrids
Slide 25: Managing a Generational Transition in Product Offering
MANAGING A GENERATIONAL TRANSITION IN PRODUCT OFFERING Action plans to improve manufacturing plants ramp-up EV offerings mitigate range anxiety with best-in-class range Complexity reduction: parts reduced by up to 75% per model Improve transition between generation of products Executing timely launc
Slide 26: Executing with Determination While Delivering Materially
EO 3 | ADDRESSING 2024 CHALLENGES STELEANTIS EXECUTING WITH DETERMINATION WHILE DELIVERING MATERIALLY GUIDANCE CONFIRMED FOR 2024 WHILE SUSTAINING STRONG SHAREHOLDER RETURNS * Cash generation and balance sheet enable uninterrupted strong capital returns * On-track delivery of 2024's record €7.7B in
Slide 27: Appendix
APPENDIX
Slide 28: Safe Harbor Statement
STELEANTIS SAFE HARBOR STATEMENT See This document, in particular references to “FY 2024 Company Guidance”, contains forward-looking statements. Statements regarding future financial performance and the Company's expectations as to the achievement of certain targeted metrics, including revenues, ind
Slide 29: Definitions and Notes to Presentation (1 of 2)
DEFINITIONS AND NOTES TO PRESENTATION (1 of 2) For purposes of this presentation, and unless otherwise stated: • LEV: Low emission vehicles, which include battery electric (BEV), plug-in hybrid (PHEV), range-extender electric vehicle (REEV), and fuel cell electric (FCEV) vehicles • EU30: EU 27 (excl
Slide 30: Definitions and Notes to Presentation (2 of 2)
DEFINITIONS AND NOTES TO PRESENTATION (2of 2) • 3rd Engine: Refers to the aggregation of the South America, Middle East & Africa and China and India & Asia Pacific segments for presentation purposes only • NEV: New energy vehicle; includes BEVs, PHEVs and fuel cell vehicles. • CARB: California Air R
Slide 31: Non-GAAP Financial Measures (1 of 2)
NON-GAAP FINANCIAL MEASURES (1 of 2) Stellantis monitors our operations through the use of several non-generally accepted accounting principles (“non-GAAP”) financial measures: Adjusted operating income, Industrial free cash flows and Industrial net financial position. We believe that these non-GAAP
Slide 32: Non-GAAP Financial Measures (2 of 2)
NON-GAAP FINANCIAL MEASURES (2of 2) Unusual operating income/(expense) are impacts from strategic decisions as well as events considered rare or discrete and infrequent in nature, as inclusion of such items is not considered to be indicative of the Company's ongoing operating performance. Unusual op
Slide 33: 2020 Non-GAAP Reconciliations
2020 NON-GAAP RECONCILIATIONS NET REVENUES, NET PROFIT TO AOI, AOI TO AOI INCL. JV’S
Slide 34: 2021 Non-GAAP Reconciliations
2021 NON-GAAP RECONCILIATIONS NET REVENUES, NET PROFIT TO AOI, AOI TO AOI
Slide 35: 2022 Non-GAAP Reconciliations
2022 NON-GAAP RECONCILIATIONS NET REVENUES, NET PROFIT TO AOI, AOI TO AOI INCL. JV’S
Slide 36: 2023 Non-GAAP Reconciliations
2023 NON-GAAP RECONCILIATIONS NET REVENUES, NET PROFIT TO AOI, AOI TO AOI INCL. JV’S
Slide 37: Non-GAAP Reconciliations: Available Liquidity
NON-GAAP RECONCILIATIONS AVAILABLE LIQUIDITY (€ million) 2023 2022 2021 Cash, cash equivalents and financial securities(1) € 49,758 € 49,960 € 51,128 Undrawn committed credit lines 12,621 12,680 12,810 Cash, cash equivalents and financial securities - included with Assets held for sale 231 65 — Tota
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