Slide 1: H1 2025 Results
H1 2025 RESULTS Citroën C5 Aircross
Slide 2: Safe Harbor Statement
SAFE HARBOR STATEMENT This document, in particular references to “H2 2025 Guidance”, contains forward looking statements. In particular, statements regarding future financial performance and the Company’s expectations as to the achievement of certain targeted metrics, including revenues, industrial
Slide 3: H1 2025 Update: Beginning a New Chapter
H1 2025 Update: Beginning a New Chapter ® Jeep Compass Difficult First Half Clear Levers to Re-Establishing Progressing Turnaround Drive Improvement Financial Guidance
Slide 4: Agenda
AGENDA Main Highlights............. Page 5 Financial Review........... Page 6 CEO Update.................... Page 17 Appendix......................... Page 33 Dodge Charger Daytona EV July 29, 2025 H1 2025 RESULTS | 4
Slide 5: H1 '25 Update: Main Highlights
H1 '25 UPDATE: MAIN HIGHLIGHTS €74.3B in Net Revenues and Solid Start to '25 Launch Calendar Early Signs of Commercial Progress €0.5B Adj. Operating Income Launched 4 of 10 planned new '25 EE market share up sequentially, as Difficult H1; recent product launches continue to Industrial FCF of €(3.0)B
Slide 6: Financial Review
FINANCIAL REVIEW Opel /Vauxhall Grandland Electric AWD July 29, 2025 H1 2025 RESULTS | 6
Slide 7: Tough H1 '25 as Directionally Anticipated
TOUGH H1 '25 AS DIRECTIONALLY ANTICIPATED Shipments Net Revenues AOI Margin * Adjusted Diluted EPS * Industrial FCF * (Consolidated) 2.7M €74.3B 0.7% €0.18 -€3.0B -7% -13% -930 bps -92% vs. -€0.4B Due largely to NA fleet sales Lower volume/mix and FX Decreases in volume/mix, Driven mainly by lower A
Slide 8: Net Revenues Down Y-O-Y, Driven Mainly by Volume and Mix
NET REVENUES DOWN Y-O-Y, DRIVEN MAINLY BY VOLUME AND MIX NET REVENUES € billion (13)% 85.0 • Volume & Mix -9% y-o-y, mainly due 0.4 74.3 to declines in NA, driven by lower fleet (7.5) (1.9) sales and tariff impacts, as well as (1.8) decreases in EE, partially offset by stronger volumes in SA • Vehic
Slide 9: Significantly Lower AOI; Volume Decline Combines with Peak Pricing Comparisons
SIGNIFICANTLY LOWER AOI; VOLUME DECLINE COMBINES WITH PEAK PRICING COMPARISONS * ADJUSTED OPERATING INCOME € million * % = Adjusted Operating Income Margin • Volume & Mix -41% y-o-y, with lower 8,463 NA and EE shipments and negative mix impacts in NA, partially offset by increases in SA volumes • Ve
Slide 10: Sequential Improvement Shows Encouraging Preliminary Progress
SEQUENTIAL IMPROVEMENT SHOWS ENCOURAGING PRELIMINARY PROGRESS * ADJUSTED OPERATING INCOME € million • Volume & Mix consolidated * % = Adjusted Operating Income Margin shipment volumes rose 5% h-o-h, while mix was negative due to unfavorable product content and 935 51 nameplate mix in NA (103) • Vehi
Slide 11: Industrial AOI to Industrial FCF Bridge
IFCF NEGATIVE, LARGELY DUE TO AOI AND HEAVY CAPEX AND R&D SPEND Industrial AOI* to Industrial FCF Bridge € million H1 2025 H1 2024 • Industrial Free Cash Flow deteriorated Industrial Adj. Operating Income 284 8,223 by €2.6B y-o-y, due primarily to AOI decline of €8.0B, mitigated by lower capital exp
Slide 12: Maintaining Strong Inventory Discipline After '24 Corrective Actions
MAINTAINING STRONG INVENTORY DISCIPLINE AFTER '24 CORRECTIVE ACTIONS Company Sequential Development Independent dealers 000 units 1,408 1,330 • Total inventory is being managed with 1,191 1,210 1,207 consistent discipline in the first half of 340 374 224 2025 333 298 • Independent dealer stock norma
Slide 13: H1 '25 Regional Review
H1 '25 REGIONAL REVIEW NA and EE in Turnaround Phase, Other Regions Deliver Profitability NORTH AMERICA ENLARGED EUROPE Net Rev: €28.2B AOI: €(1.0)B AOI %: (3.4)% Net Rev: €29.2B AOI: €9.0M AOI %: 0.0% Mkt Share: 7.0% EU30 Mkt Share: 17.0% U.S. tariffs Stabilized pricing Strong pricing New launches
Slide 14: Maintaining Strong Liquidity
MAINTAINING STRONG LIQUIDITY H1 2025 vs. € million, except as otherwise stated H1 2025 H1 2024 H1 2024 (1) Combined Shipments (000 units) 2,690 2,931 (8)% (1) Consolidated Shipments (000 units) 2,664 2,872 (7)% • Operating Income includes €3.3B of Net Revenues 74,261 85,017 (13)% pre-tax net expense
Slide 15: Tariff Update
TARIFF UPDATE Adapting to Evolving Tariffs; Continued Focus on Mitigation Strong Stellantis Starting Point: Significant Progress: • Diversified global footprint with >50% of Group AOI (1) • Administration introduced 3.75% MSRP credit on U.S. from regions largely unaffected by U.S. tariffs produced v
Slide 16: H2 2025 Guidance: Re-Establishing Financial Guidance
H2 2025 GUIDANCE Re-Establishing Financial Guidance H2 '25 Increased Net Revenues vs. H1 '25 AOI Margin Low-Single Digits Improved Industrial FCF vs. H1 '25 Citroën Ë-C3 Notes: Guidance assumes current tariff/trade rules in place as of July 29, 2025 Refer to Appendix for definitions of supplemental
Slide 17: H1 '25 CEO Update
H1 '25 CEO UPDATE Lancia Ypsilon HF July 29, 2025 H1 2025 RESULTS | 17
Slide 18: New Leadership Team in Place
NEW LEADERSHIP TEAM IN PLACE Empowered to Execute: Restructured and Renewed Leadership Team Renewed Leadership Optimizing a More Effective Partnering with Team In Place Organizational Structure Stakeholders • Number of direct CEO reports • Improved communication and • Unions and Employees streamline
Slide 19: New Leadership Taking Immediate & Decisive Action
NEW LEADERSHIP TAKING IMMEDIATE & DECISIVE ACTION Recovery Actions Started in H1 '25 Decisive Actions Clear Benefits • Fuel Cell Program: Discontinuation of planned hydrogen LCVs, due to lack of Product Better Aligned commercial viability for foreseeable future with Customer Demand • Product Program
Slide 20: Positioned to Advance Recovery
CLEAR SEQUENTIAL PROGRESS EE+NA: Foundation Improved Other Regions: Delivering Well EE+NA Inventory EE+NA Order Portfolio Aggregated ROW(1) AOI -16% +14% +6% Jun '24 Dec '24 Jun '25 Jun '24 Dec '24 Jun '25 H2 '24 H1 '25 (1) ROW includes SA, MEA, China and India & Asia Pacific Regions POSITIONED TO A
Slide 21: Strong Execution on Our Priorities
Strong Execution on Our Priorities GROWTH EXECUTION PROFITABILITY Peugeot E-3008 July 29, 2025 H1 2025 RESULTS | 21
Slide 22: Growth
H1 '25 COMMERCIAL UPDATE GROWTH Opel Grandland Electric AWD July 29, 2025 H1 2025 RESULTS | 22
Slide 23: Growth: Advancing Exciting Product Wave Expands Market Coverage
GROWTH: ADVANCING EXCITING PRODUCT WAVE EXPANDS MARKET COVERAGE July 29, 2025 H1 2025 RESULTS | 23
Slide 24: Product Offensive in Largest European Segment
GROWTH: PRODUCT OFFENSIVE IN LARGEST EUROPEAN SEGMENT 3 Exciting All-New STLA Medium Products To Launch H2 '25 Jeep® Compass Citroën C5 Aircross DS N°8 Complement Recently-Launched C-segment Peugeot 3008, 5008 and Opel/Vauxhall Grandland Significant Opportunity - EU30 Share Improvement July 29, 2025
Slide 25: Iconic Nameplates Return in North America
GROWTH: ICONIC NAMEPLATES RETURN IN NORTH AMERICA Jeep® Cherokee ICE Dodge Charger • On hiatus since Q1 '23 • On hiatus since Q4 '23 • Begins production H2 '25, shipping in late '25 • ICE variants begin production in H2 '25 • Return to largest U.S. segment (mid-SUV) • Prior generation #1 U.S. muscle
Slide 26: Advancing the Freedom of Choice
ADVANCING THE FREEDOM OF CHOICE Expands Opportunity: 40% of U.S. truck buyers will not consider a brand without V8 Incredible Teamwork: Adapted platform & manufacturing for Hemi V8 in only 10 months; available to customers H2 '25 Resounding Response: 10K orders in first 24 hours; 12B media impressio
Slide 27: Execution
H1 '25 COMMERCIAL UPDATE EXECUTION Opel Grandland Electric AWD July 29, 2025 H1 2025 RESULTS | 27
Slide 28: North America Commercial Recovery Update
EXECUTION: NORTH AMERICA COMMERCIAL RECOVERY UPDATE Earlier Stage of NA Recovery PROGRESS POINTS: • Maintaining disciplined management after '24 corrective actions • Total NA order book up ~90% y-o-y at Jun 30 '25 • Ram turnaround emerging ◦ Retail volumes up 25% y-o-y ◦ Successful Q1 '25 HD refresh
Slide 29: Enlarged Europe Commercial Recovery Update
EXECUTION: ENLARGED EUROPE COMMERCIAL RECOVERY UPDATE Europe Now Rebuilding Market Share PROGRESS POINTS: • EU30 market share of 17% in H1 '25 up 127 bps vs. H2 '24 ◦ Launched 3 all-new products in H1 '25 ◦ +1.4% y-o-y increase in H1 '25 LCV market share ◦ Production ramp of recent launches continue
Slide 30: Profitability
H1 '25 COMMERCIAL UPDATE PROFITABILITY Opel Grandland Electric AWD July 29, 2025 H1 2025 RESULTS | 30
Slide 31: Profitability: Taking Decisive Actions
PROFITABILITY: TAKING DECISIVE ACTIONS Actions to Support Greater Efficiency/Profitability Hemi V8 to Enhance Return of SRT Division MY 2026 Products Each Ram Profitability with Premium Products Targeting Margin Accretion Benefits to Net Pricing from Technical Focus on Optimizing Advancing Ramp Up o
Slide 32: H1 2025 Update: Beginning a New Chapter
H1 2025 Update: Beginning a New Chapter ® Jeep Compass Difficult First Half Clear Levers to Re-Establishing Progressing Turnaround Drive Improvement Financial Guidance
Slide 33: Appendix
APPENDIX Opel/Vauxhall Mokka, Grandland and Frontera July 29, 2025 H1 2025 RESULTS | 33
Slide 34: Definitions and Notes to Presentation
DEFINITIONS AND NOTES TO PRESENTATION 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 MHEV = Mild electric hybrid EU
Slide 35: Non-GAAP Financial Measures
NON-GAAP FINANCIAL MEASURES Stellantis monitors its operations through the use of several non-generally accepted accounting principles (non-GAAP) financial measures. Company management believes that these non-GAAP financial measures provide useful and relevant information regarding our operating res
Slide 36: H1 Key Commercial Metrics
H1 KEY COMMERCIAL METRICS COMBINED SALES 2,992 000 units 2,814 1,333 1,458 703 791 H1 2025 476 404 245 271 29 33 22 25 6.4 8.9 H1 2024 NORTH ENLARGED MIDDLE EAST SOUTH INDIA & TOTAL CHINA AMERICA EUROPE & AFRICA AMERICA ASIA PACIFIC (1) MARKET SHARE 7.0% 8.2% 16.1% 17.6% 11.9% 13.2% 23.5% 22.7% 0.4%
Slide 37: Q2 Key Commercial Metrics
Q2 KEY COMMERCIAL METRICS COMBINED SALES 000 units 1,436 1,467 662 701 363 402 Q2 2025 248 213 133 116 Q2 2024 14 17 13 14 3.2 4.1 NORTH ENLARGED MIDDLE EAST SOUTH INDIA & TOTAL CHINA AMERICA EUROPE & AFRICA AMERICA ASIA PACIFIC (1) MARKET SHARE 7.0% 8.0% 15.9% 16.6% 12.7% 11.7% 23.3% 22.3% 0.4% 0.5
Slide 38: North America
INVENTORY REDUCTION ACTIONS LED TO DECREASED PRODUCTION AND LOWER RESULTS Shipments Net Revenues AOI & Margin (000 units) (€ billion) (€ million) 4,366 838 38.4 647 28.2 11.4% (3.4)% 15.4% 16.4% (951) H1 '25 H1 '24 H1 '25 H1 '24 H1 '25 H1 '24 H1 '25 H1 '24 • Down 23%, mainly due to reduced • Down 26
Slide 39: Enlarged Europe
RESULTS REFLECT IMPACT OF PRODUCT GAPS AND CONTINUED PRICING PRESSURE Shipments Net Revenues AOI & Margin (€ billion) (000 units) 29.2 30.0 (€ million) 1,289 1,387 2,060 0.0% 6.9% 9.8% 9.8% 9 H1 '25 H1 '24 H1 '25 H1 '24 H1 '25 H1 '24 ENLARGED EUROPE • Down 7%, mainly due to the slower ramp up of • D
Slide 40: Middle East & Africa
STEADFAST RESILIENCE DESPITE CHALLENGING ENVIRONMENT Combined Net Revenues AOI & Margin Shipments (€ billion) (€ million) 1,047 (000 units) 4.9 5.0 768 251 273 26 59 20.9% 225 214 15.5% H1 '25 H1 '24 H1 '25 H1 '24 MIDDLE EAST & AFRICA H1 '25 H1 '24 • Consolidated Shipments up 5%, mainly due to • Dow
Slide 41: South America
SUSTAINED LEADERSHIP IN REGION DRIVES CONSISTENT PERFORMANCE Shipments Net Revenues AOI & Margin (000 units) (€ billion) (€ million) 471 7.8 7.4 1,188 1,150 394 15.3% 15.6% H1 '25 H1 '24 H1 '25 H1 '24 H1 '25 H1 '24 SOUTH AMERICA • Up 20%, driven primarily by increased • Up 5%, largely due to increas
Slide 42: China and India & Asia Pacific; Maserati
CHALLENGING ENVIRONMENT WITH CONTINUED PRESSURE ON RESULTS CHINA AND INDIA & ASIA PACIFIC MASERATI China and India & Asia Pacific H1 2025 H1 2025 • Lower results due to decline in vs. vs. shipments, continued pricing € million, except as otherwise stated H1 2025 H1 2024 H1 2024 H1 2025 H1 2024 H1 20
Slide 43: Reconciliation of Net Revenues from External Customers to Net Revenues
RECONCILIATION OF NET REVENUES FROM EXTERNAL CUSTOMERS TO NET REVENUES H1 2025 China and North Enlarged Middle East South India & Asia (1) € million America Europe & Africa America Pacific Maserati Other Stellantis Net Revenues from External Customers 28,198 29,163 4,938 7,696 919 368 2,979 74,261 N
Slide 44: Reconciliation of Net Profit to Adjusted Operating Income H1 2025
RECONCILIATION OF NET PROFIT TO ADJUSTED OPERATING INCOME H1 2025 China and India Enlarged Middle East & & (*) € million North America Europe Africa South America Asia Pacific Maserati Other Stellantis Net Profit (2,256) Tax Expense/(Benefit) (614) Net Financial Expenses/(Income) 160 Operating Incom
Slide 45: Reconciliation of Net Profit to Adjusted Operating Income H1 2024
RECONCILIATION OF NET PROFIT TO ADJUSTED OPERATING INCOME H1 2024 Enlarged Middle East & China and India (*) € million North America Europe Africa South America & Asia Pacific Maserati Other Stellantis Net Profit 5,647 Tax Expense 1,342 Net Financial Expenses/(Income) (350) Operating Income 6,639 Ad
Slide 46: Reconciliation of Diluted EPS to Adjusted Diluted EPS
RECONCILIATION OF DILUTED EPS TO ADJUSTED DILUTED EPS € million, except as otherwise stated H1 2025 H1 2024 Net (Loss/)Profit Attributable to Owners of the Parent (2,240) 5,624 Weighted Average Number of Shares Outstanding (000) 2,882,611 3,002,791 (1) Number of Shares Deployable for Share-based Com
Slide 47: Reconciliation of Cash Flows to Industrial Free Cash Flows
RECONCILIATION OF CASH FLOWS FROM OPERATING ACTIVITIES TO INDUSTRIAL FREE CASH FLOWS € million H1 2025 H1 2024 Cash Flows from Operating Activities (2,287) 3,970 (1) Less: Financial Services, Net of Inter-segment Eliminations (4,397) (2,384) Less: Capital Expenditures and Capitalized R&D Expenditure
Slide 48: Reconciliation of Debt to Industrial Net Financial Position
RECONCILIATION OF DEBT TO INDUSTRIAL NET FINANCIAL POSITION € million June 30 2025 Dec 31 2024 Debt (40,799) (37,227) Current Financial Receivables from Jointly-Controlled Financial Services Companies 1,371 674 Derivative Financial Assets/(Liabilities), Net and Collateral Deposits 202 222 Financial
Slide 49: Debt Maturity Schedule – Industrial Activities
DEBT MATURITY SCHEDULE – INDUSTRIAL ACTIVITIES € billion Outstanding June 30 2025 6M 2025 2026 2027 2028 2029 2030 Beyond 21.0 Capital Markets Debt - 2.5 2.2 2.6 1.9 2.6 9.2 1.5 Bank Debt 1.1 0.1 0.1 0.1 — — 0.1 0.4 Other Debt 0.2 0.1 — — — — — 2.3 Lease Liabilities 0.5 0.5 0.2 0.2 0.1 0.1 0.6 (1) 2
Slide 50: Research and Development Costs and Expenditures
RESEARCH AND DEVELOPMENT COSTS AND EXPENDITURES € million H1 2025 H1 2024 Research and Development Expenditures Expensed 1,411 1,542 Amortization of Capitalized Development Expenditures 1,088 1,076 Impairment and Write-off of Capitalized Development Expenditures 872 201 Total Research and Developmen
Slide 51: STELENNTIS
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