Slide 1: Full Year 2024 Results
FULL YEAR 2024 RESULTS Jeep® Grand Cherokee 4xe
Slide 2: Safe Harbor Statement
SAFE HARBOR STATEMENT This document, in particular references to “FY 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: Agenda
AGENDA 1. Last 90 days 2. 2024 3. 2025 4. Future Fiat Grande Panda FEBRUARY 26, 2025 FY 2024 RESULTS | 3
Slide 4: Last 90 Days
Last 90 Days PRODUCT LAUNCHES BUILD TRUST EMPOWER OUR REGIONS Jeep® Wagoneer S FEBRUARY 26, 2025 FY 2024 RESULTS | 4
Slide 5: Our Priorities Ahead
Our Priorities Ahead GROWTH EXECUTION PROFITABILITY Peugeot E-3008 FEBRUARY 26, 2025 FY 2024 RESULTS | 5
Slide 6: Freedom to Choose for Customers
Freedom to Choose for Customers STLA Frame Platform Expanding B and C segment LEV line-up Leapmotor offensive in EE, MEA and IAP Return of ICE Dodge Charger and mid-size Jeep® PHEV leadership in U.S., launching HEV & REEV Dramatic expansion of EV offering in Europe Innovative Bio-Hybrid technology i
Slide 7: 2024
2024 Alfa Romeo Junior FEBRUARY 26, 2025 FY 2024 RESULTS | 7
Slide 8: Clearing Path for Improved 2025
CLEARING PATH FOR IMPROVED 2025 Shipments Net Revenues AOI Margin* Adjusted Diluted EPS* Industrial FCF* (Consolidated) 5.4M €156.9B 5.5% €2.48 -€6.0B -12% -17% -730 bps -61% -147% Decline driven by lower Lower volume/mix and FX Due to decline in volume/mix, Lower AOI, partly offset Driven mainly by
Slide 9: Prioritizing What Matters
2024 KEY PERFORMANCE INHIBITORS IDENTIFIED AND ADDRESSED Prioritizing What Matters Action Result Year-end inventory reduced 268k Excess Reduced production in NA/EE; units, EE days supply -20 y-o-y, U.S. incentivized MY24 & older product Inventory days supply -30 from mid-year Product and powertrain
Slide 10: New Vehicle Inventory: 2024 Actions Achieve Normalized Inventory Levels
NEW VEHICLE INVENTORY: 2024 ACTIONS ACHIEVE NORMALIZED INVENTORY LEVELS Sequential Development Company 12-Month Comparisons 000 units 000 units Independent dealers 1,330 1,191 1,459 1,191 • Company inventory down significantly, largely due to • 12-month comparison shows de-stocking initiatives in bo
Slide 11: Net Revenues
VOLUME, MIX AND FX HEADWINDS RESULTED IN REVENUE DECLINE NET REVENUES € billion (17.2)% • Volume & Mix -15% y-o-y mainly due to declines in North America and Enlarged Europe, with positive contribution from South America • Vehicle Net Price down slightly y-o-y driven by declines in North America and
Slide 12: Adjusted Operating Income
VOLUME DECREASES DRIVE LOWER AOI; FX CONTINUES TO IMPACT BOTTOM LINE ADJUSTED OPERATING INCOME* € million • Volume & Mix -45% y-o-y with lower % = Adjusted Operating Income Margin* shipments and negative product mix impacts in NA and EE • Vehicle Net Price -5% y-o-y led by declines in NA and EE, lar
Slide 13: Industrial AOI to Industrial FCF Bridge
IFCF NEGATIVE: LARGELY DUE TO LOWER PROFITABILITY Industrial AOI* to Industrial FCF Bridge € million FY 2024 FY 2023 H2 2024 H2 2023 FY 2024 vs. FY 2023 Industrial Adj. Operating Income 8,160 23,877 (63) 10,029 • Industrial Free Cash Flow decline of Depreciation & Amortization 7,180 7,513 3,601 3,78
Slide 14: Regional Review: NA & EE Headwinds Buffered by Stronger SA & MEA
Regional Review: NA & EE Headwinds Buffered by Stronger SA & MEA NORTH AMERICA ENLARGED EUROPE Net Rev: €63.5B AOI: €2.7B AOI %: 4.2% Net Rev: €59.0B AOI: €2.4B AOI %: 4.1% Mkt Share: 7.8% EU30 Mkt Share: 17.0% U.S. de-stocking Normalized H1 '24 inventory Significant production actions completed pri
Slide 15: 2025
2025 Ram 1500 Ramcharger FEBRUARY 26, 2025 FY 2024 RESULTS | 15
Slide 16: Capital Returns: Dividend Proposed, Balance Sheet Remains Strong
CAPITAL RETURNS: DIVIDEND PROPOSED, BALANCE SHEET REMAINS STRONG Committed to Initiating 2025 Capital Returns Capital Plan Calibrated to Results €0.68 Per Share(1) Balance Sheet While Ensuring Continued Resiliency Dividend to Common Shareholders Strongly-Positioned • High-quality balance sheet enabl
Slide 17: 2025 Financial Guidance
2025 Financial Guidance Revenue Growth Positive Mid-Single Digits AOI Margin Mid-Single Digits Industrial FCF Positive Notes: Due to targeted commercial recovery as '25 progresses, the Company expects H2 '25 to see higher Net Revenues and AOI margins which are several points higher than in H1 '25 Po
Slide 18: Full Quarterly Reporting
Upcoming Events 2025 2026 Full Quarterly Reporting Annual General Meeting April 15th Responding to Investor Feedback requesting Q1 Shipments & Revenues April 30th more frequent, comprehensive metrics and guidance H1 Full Earnings Results July 24th Increased Transparency with progress on strategy, ta
Slide 19: Future
FUTURE C5 Aircross Concept FEBRUARY 26, 2025 FY 2024 RESULTS | 19
Slide 20: Industry Forces Rising Challenges
Industry Forces Rising Challenges Electrification Regulation Software Tariffs Scale Competition FEBRUARY 26, 2025 FY 2024 RESULTS | 20
Slide 21: Our People: CEO Selection on Track
OUR PEOPLE CEO SELECTION ON TRACK FEBRUARY 26, 2025 FY 2024 RESULTS | 21
Slide 22: Appendix
APPENDIX Opel Combo, Vivaro and Movano FEBRUARY 26, 2025 FY 2024 RESULTS | 22
Slide 23: 5.5% AOI Margin and -€6.0B Industrial Free Cash Flows
5.5% AOI MARGIN AND -€6.0B INDUSTRIAL FREE CASH FLOWS FY 2024 vs. € million, except as otherwise stated FY 2024 FY 2023 FY 2023 Combined Shipments(1) (000 units) 5,526 6,393 (14)% Consolidated Shipments(1) (000 units) 5,415 6,168 (12)% • Operating Income includes unusual charges of €5.0B, up y-o-y d
Slide 24: 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), mild hybrid electric (MHEV) and fuel cell electric (FCEV) vehicles E
Slide 25: Non-GAAP Financial Measures (1 of 3)
NON-GAAP FINANCIAL MEASURES (1 of 3) 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 oper
Slide 26: Full Year Key Commercial Metrics
FULL YEAR KEY COMMERCIAL METRICS COMBINED SALES 000 units FY 2024 FY 2023 NORTH ENLARGED MIDDLE EAST SOUTH INDIA & TOTAL CHINA AMERICA EUROPE & AFRICA AMERICA ASIA PACIFIC MARKET SHARE (1) 7.8% 9.4% 16.4% 17.5% 12.4% 14.8% 22.9% 23.5% 0.5% 0.6% 0.2% 0.3% 1.5% 2.4% FY INDUSTRY (1) +4% +2% +4% +7% (2)
Slide 27: H2 Key Commercial Metrics
H2 KEY COMMERCIAL METRICS COMBINED SALES 000 units H2 2024 H2 2023 NORTH ENLARGED MIDDLE EAST SOUTH INDIA & TOTAL CHINA AMERICA EUROPE & AFRICA AMERICA ASIA PACIFIC MARKET SHARE (1) 7.4% 8.7% 14.9% 16.7% 11.7% 14.7% 23.1% 23.2% 0.4% 0.6% 0.2% 0.3% 1.3% 2.2% H2 INDUSTRY (1) +4% (2)% +4% +10% (1)% +7%
Slide 28: H2 Key Financial Metrics
H2 KEY FINANCIAL METRICS H2 2023 vs. € million, except as otherwise stated H2 2024 H2 2023 H2 2022 Combined Shipments(1) (000 units) 2,595 3,066 (15)% Consolidated Shipments(1) (000 units) 2,543 2,966 (14)% Net Revenues 71,861 91,176 (21)% Operating Income (2,952) 8,835 (133)% Net Financial Expenses
Slide 29: North America
INVENTORY REDUCTION ACTIONS LED TO DECREASED PRODUCTION AND LOWER RESULTS (000 units) (€ billion) (€ million) 15.4% 15.4% 16.4% 4.2% • Down 25%, mainly due to reduced production • Down 27%, primarily due to lower volumes • Down €11B due to significant impacts from NORTH AMERICA in support of the U.S
Slide 30: Enlarged Europe
RESULTS REFLECT IMPACT OF PRODUCT GAPS AND CONTINUED PRICING PRESSURE (000 units) (€ billion) (€ million) 9.8% 9.8% 9.8% 4.1% ENLARGED EUROPE • Down 8%, driven by reduction in dealer stock from • Down 11%, due to decreased volumes, higher • Down €4,100M, due to negative product H1 '24, as well as pr
Slide 31: Middle East & Africa
STEADFAST RESILIENCE DESPITE CHALLENGING ENVIRONMENT (€ billion) (€ million) (000 units) 534 616 23.7% 18.8% MIDDLE EAST & AFRICA • Consolidated Shipments down 5%, mainly due • Down 4%, primarily due to negative FX • Down €602M, mainly due to negative FX to changeover in medium-sized K9 van in Turke
Slide 32: South America
SUSTAINED LEADERSHIP IN REGION DRIVES CONSISTENT PERFORMANCE (000 units) (€ billion) (€ million) 14.3% 14.8% SOUTH AMERICA • Up 4%, driven primarily by increased volumes in • Down 1%, due to FX impacts from Brazilian Real and • Down €97M, primarily due to increased vehicle Brazil and the continued s
Slide 33: China and India & Asia Pacific; Maserati
CHALLENGING ENVIRONMENT WITH CONTINUED PRESSURE ON RESULTS CHINA AND INDIA & ASIA PACIFIC MASERATI China and India & Asia Pacific FY 2024 FY 2024 • Lower results due to decline in vs. vs. shipments, negative mix impacts, € million, except as otherwise stated FY 2024 FY 2023 FY 2023 FY 2024 FY 2023 F
Slide 34: H2 Results: North America, Enlarged Europe
H2 RESULTS NORTH AMERICA ENLARGED EUROPE (000 units) (€ billion) (000 units) (€ billion) € million € million % = Adjusted Operating Income Margin % = Adjusted Operating Income Margin ADJUSTED OPERATING INCOME ADJUSTED OPERATING INCOME 13.0% 8.8% -6.8% (610) 1.2% • Refer to Appendix for definitions o
Slide 35: H2 Results: Middle East & Africa, South America
H2 RESULTS MIDDLE EAST & AFRICA SOUTH AMERICA (€ billion) (000 units) (€ billion) (000 units) 315 261 ADJUSTED OPERATING INCOME ADJUSTED OPERATING INCOME € million € million % = Adjusted Operating Income Margin % = Adjusted Operating Income Margin 15.2% 13.2% 21.9% 16.8% . • Refer to Appendix for de
Slide 36: H2 Results: China and India & Asia Pacific, Maserati
H2 RESULTS CHINA AND INDIA & ASIA PACIFIC MASERATI € million, except as otherwise stated H2 2024 H2 2023 H2 2024 H2 2023 Combined Shipments(1) (000 units) 29 64 (55)% n.a. n.a. n.a. Consolidated Shipments(1) (000 units) 29 44 (34)% 4.8 11.3 (58)% Net Revenues 921 1,542 (40)% 409 1,026 (60)% Adjusted
Slide 37: Reconciliation of Net Revenues from External Customers to Net Revenues
RECONCILIATION OF NET REVENUES FROM EXTERNAL CUSTOMERS TO NET REVENUES FY 2024 China and North Enlarged Middle East South India & Asia € million America Europe & Africa America Pacific Maserati Other(1) Stellantis Net Revenues from External Customers 63,449 58,844 10,109 15,883 1,991 1,038 5,564 156
Slide 38: Reconciliation of Net Revenues from External Customers to Net Revenues
RECONCILIATION OF NET REVENUES FROM EXTERNAL CUSTOMERS TO NET REVENUES FY 2023 China and North Enlarged Middle East South India & Asia € million America Europe & Africa America Pacific Maserati Other(1) Stellantis Net Revenues from External Customers 86,498 66,444 10,560 16,148 3,526 2,335 4,033 189
Slide 39: Reconciliation of Net Profit to Adjusted Operating Income
RECONCILIATION OF NET PROFIT TO ADJUSTED OPERATING INCOME FY 2024 China and India Enlarged Middle East & & € million North America Europe Africa South America Asia Pacific Maserati Other (*) Stellantis Net Profit 5,520 Tax Expense (1,488) Net Financial Expenses/(Income) (345) Operating Income 3,687
Slide 40: Reconciliation of Net Profit to Adjusted Operating Income
RECONCILIATION OF NET PROFIT TO ADJUSTED OPERATING INCOME H2 2024 Enlarged Middle East & China and India € million North America Europe Africa South America & Asia Pacific Maserati Other (*) Stellantis Net Profit (127) Tax Expense (2,830) Net Financial Expenses/(Income) 5 Operating Income (2,952) Ad
Slide 41: Reconciliation of Net Profit to Adjusted Operating Income
RECONCILIATION OF NET PROFIT TO ADJUSTED OPERATING INCOME FY 2023 China and North Enlarged Middle East & South India & € million America Europe Africa America Asia Pacific Maserati Other(*) Stellantis Net Profit 18,625 Tax Expense 3,793 Net Financial Expenses/(Income) (42) Operating Income 22,376 Ad
Slide 42: Reconciliation of Net Profit to Adjusted Operating Income
RECONCILIATION OF NET PROFIT TO ADJUSTED OPERATING INCOME H2 2023 China and India Enlarged Middle East & & € million North America Europe Africa South America Asia Pacific Maserati Other(*) Stellantis Net Profit 7,707 Tax Expense 1,101 Net Financial Expenses/(Income) 27 Operating Income 8,835 Adjust
Slide 43: Reconciliation of Diluted EPS to Adjusted Diluted EPS
RECONCILIATION OF DILUTED EPS TO ADJUSTED DILUTED EPS € million, except as otherwise stated FY 2024 FY 2023 H1 2024 H1 2023 H2 2024 H2 2023 Net profit attributable to owners of the parent 5,473 18,596 5,624 10,923 (151) 7,673 Weighted average number of shares outstanding (000) 2,949,652 3,107,725 3,
Slide 44: Reconciliation of Cash Flows from Operating Activities to Industrial Free Cash Flows
RECONCILIATION OF CASH FLOWS FROM OPERATING ACTIVITIES TO INDUSTRIAL FREE CASH FLOWS € million H2 2024 H2 2023 FY 2024 FY 2023 Cash Flows from Operating Activities (881) 9,092 4,008 22,485 Less: Financial services, net of inter-segment eliminations (1,271) (542) (2,736) (753) Less: Capital Expenditu
Slide 45: Reconciliation of Debt to Industrial Net Financial Position
RECONCILIATION OF DEBT TO INDUSTRIAL NET FINANCIAL POSITION € million Dec 31 2024 Jun 30 2024 Dec 31 2023 Debt (37,227) (32,174) (29,463) Current Financial Receivables from Jointly-Controlled Financial Services Companies 674 1,245 767 Derivative Financial Assets/(Liabilities), Net and Collateral Dep
Slide 46: Debt Maturity Schedule – Industrial Activities
DEBT MATURITY SCHEDULE – INDUSTRIAL ACTIVITIES € billion Outstanding Dec 31 2024 2025 2026 2027 2028 2029 Beyond 18.5 Capital Markets Debt 0.7 2.5 2.3 2.3 1.9 9.0 1.9 Bank Debt 1.5 0.2 0.1 0.1 — 0.1 0.5 Other Debt 0.3 — — — — — 2.5 Lease Liabilities 0.9 0.3 0.2 0.2 0.2 0.8 23.5 Total Industrial Cash
Slide 47: Research and Development Costs and Expenditures
RESEARCH AND DEVELOPMENT COSTS AND EXPENDITURES € million H2 2024 H2 2023 FY 2024 FY 2023 Research and Development Expenditures Expensed 1,390 1,669 2,932 3,300 Amortization of Capitalized Development Expenditures 1,073 1,105 2,149 2,193 Impairment and Write-off of Capitalized Development Expenditur
Slide 48: Stellantis
STELENNTIS