Slide 1: Q1 2026 Results: Return to Profitability
Jeep® Wrangler Willys 392 Q1 2026 RESULTS Return to Profitability
Slide 2: Agenda
AGENDA CEO Update............................................... Page 4 Investor Day.............................................. Page 10 Financial Review....................................... Page 11 2026 Guidance.......................................... Page 18 Appendix.........................
Slide 3: Safe Harbor Statement
SAFE HARBOR STATEMENT This document, in particular references to “FY 2026 Financial 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, i
Slide 4: CEO Update
CEO UPDATE RAM 1500 SRT® TRX COMING SOON 4
Slide 5: Q1 2026 Executive Summary
COMPANY REVIEW Q1 2 0 2 6 E X E C U T I V E S U M M A R Y Financial Metrics Returning to Profitability Path to Sustainable Growth Fueled Improving Driven by North America by Market Share Gains • Net Revenues of €38.1B, up 6% y-o-y • First positive Net Income since H1 '24 • North America market share
Slide 6: 2026 Product Launches Continue Momentum
CEO UPDATE 2026 PRODUCT LAUNCHES CONTINUE MOMENTUM ALL-NE W REFRESHED Ram 1500 SRT® TRX Jeep® Recon Fiat Grande Panda ICE Opel/Vauxhall Astra Chrysler Pacifica Jeep® Grand Wagoneer REV Ram ProMaster City Peugeot E-208 GTi Maserati GT/GC Peugeot 408 DS №7 Lancia Gamma Fiat New Nameplates Jeep® Avenge
Slide 7: North America Update
CEO UPDATE NORTH AMERICA UPDATE Jeep ® Recon Progress Points Key Growth Levers • U.S. sales increased 4%, outperforming the broader industry • All-new Jeep® Cherokee & Dodge Charger SIXPACK now arriving decline of 6% in dealer showrooms • Market share improved 80bps y-o-y, driven by Ram and Jeep, •
Slide 8: Enlarged Europe Update
CEO UPDATE ENLARGED EUROPE UPDATE Fiat Grande Panda Progress Points Key Growth Levers • EU30 market share increased to 17.5%, up 20bps y-o-y; LCV • Smart Car sales to expand further with Fiat Grande Panda leadership maintained in EU30, with 28.7% market share ICE launched in Mar '26 • STLA + LPM* ma
Slide 9: Regional Updates
CEO UPDATE REGIONAL UPDATES Ram Dakota Peugeot Traveller Citroën Aircross X SOUTH MIDDLE EAST ASIA AMERICA & AFRICA PACIFIC • Maintained overall market leadership • Sustained #1 market share in Türkiye • Strong sales growth in India, up 71% y-o-y in the region and Algeria • Citroën’s refreshed line-
Slide 10: Investor Day 2026
STELEANTIS — INVESTOR DAY 2026 — AUBURN HILLS, MI, US | MAY 21 —
Slide 11: Financial Review
FINANCIAL REVIEW Opel/Vauxhall Astra 11
Slide 12: Q1 2026 Overview
FINANCIAL REVIEW Q1 2026 OVERVIEW SHIPMENTS NET AOI* AOI ADJUSTED INDUSTRIAL (CONSOLIDATED) REVENUES MARGIN* DILUTED EPS* FCF* 1.4M €38.1B €1.0B 2.5% €0.21 -€1.9B +12% +6% +194% +160 bps n.m. +€1.1B 2026 RETURN TO PROFITABILITY * Refer to Appendix for definitions of supplemental financial measures a
Slide 13: Q1 2026 Adjusted Operating Income
FINANCIAL REVIEW Q1 2026 ADJUSTED OPERATING INCOME* Q1 '26 VS Q1 '25 VOLUME & MIX VEHICLE NET PRICE INDUSTRIAL COSTS Higher volumes across all regions, led Positive net pricing in NA and MEA, Product, logistics and manufacturing cost by NA and EE, with NA delivering more than offsetting pricing pres
Slide 14: Industrial AOI to IFCF Walk
FINANCIAL REVIEW INDUSTRIAL AOI* TO IFCF WALK Q1 26 VS Q1 25 INDUSTRIAL FREE CASH FLOWS CAPITAL EXPENDITURES WORKING CAPITAL Improvement of €1.1B y-o-y, driven by stronger AOI, Reduction of €0.8B, reflecting disciplined Improvement of €0.5B y-o-y, largely driven normal seasonal working capital dynam
Slide 15: Inventory
FINANCIAL REVIEW INVENTORY Company Independent dealers (000 units) • Total inventory* increased 11% y-o-y and 1,278* 1,338 5% vs. Q4 '25, primarily driven by higher 1,210 1,252 1,277 North America inventory to support Ram 1,207 1500, Jeep® Cherokee and Dodge Charger 289 367 298 363 SIXPACK launches,
Slide 16: Q1 2026 Delivers Y-o-Y Volume Growth in All Regions
FINANCIAL REVIEW Q1 2026 DELIVERS Y-O-Y VOLUME GROWTH IN ALL REGIONS NORTH AMERICA ENLARGED EUROPE Shipments 379K +17% Shipments 637K +12% Net Revenues €16,114M +11% Net Revenues €14,375M +1% AOI €263M +149% AOI €8M (97)% AOI Margin 1.6% +530bps AOI Margin 0.1% (200)bps STLA Market Share 7.9% +80bps
Slide 17: Key Group Metrics
FINANCIAL REVIEW KEY GROUP METRICS € million Q1 2026 Q1 2025 Δ% Combined Shipments(1) (000 units) 1,365 1,233 11% Consolidated Shipments(1) (000 units) 1,361 1,217 12% Net Revenues 38,132 35,813 6% Operating Income/(Loss) 688 (316) n.m. Net Financial Expenses/(Income) 150 97 55% Profit/(Loss) Before
Slide 18: 2026 Financial Guidance - Confirmed
FINANCIAL REVIEW 2026 FINANCIAL GUIDANCE - CONFIRMED AOI Considerations: • Revenue growth reflects recently expanded product portfolio Net Revenues Mid-Single Digit % Increase • Pricing trends, outside of hyper-inflationary countries, projected at neutral to nominally positive • Estimated net tariff
Slide 19: Appendix
APPENDIX Dodge Charger SIXPACK-Powered 2/4 Door 19
Slide 20: Definitions and Notes
DEFINITIONS AND NOTES For purposes of this presentation, and unless otherwise stated: NA = North America, U.S. = United States, EE = Enlarged Europe, SA = South America, MEA = Middle East & Africa and APAC = Asia Pacific EU30 = EU 27 (excluding Malta), Iceland, Norway, Switzerland and UK BEV = batte
Slide 21: Non-GAAP Financial Measures (1 of 2)
NON-GAAP FINANCIAL MEASURES (1 OF 2) 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 22: Non-GAAP Financial Measures (2 of 2)
NON-GAAP FINANCIAL MEASURES (2 OF 2) • Combined shipments include shipments by the Company's consolidated subsidiaries and unconsolidated joint ventures, whereas Consolidated shipments only include shipments by the Company's consolidated subsidiaries. This includes the vehicles produced by our joint
Slide 23: Q1 2026 Key Commercial Metrics
Q1 2026 KEY COMMERCIAL METRICS 000 units STLA Combined Sales STLA Market Share STLA + LPM Combined Sales* STLA + LPM Market Share* Q1 '26 Q1 '25 Δ% Q1 '26 Q1 '25 Δ Q1 '26 Q1 '25 Δ% Q1 '26 Q1 '25 Δ North America 362 342 6% 7.9% 7.1% +80bps 362 342 6% 7.9% 7.1% +80bps Enlarged Europe 706 672 5% 16.8%
Slide 24: Q1 2026 Regional Results
Q1 2026 REGIONAL RESULTS NORTH AMERICA ENLARGED EUROPE (000 units) (€ billion) (000 units) (€ billion) Shipments Net Revenues Shipments Net Revenues 379 1 6.1 1 4.5 325 637 1 4.4 1 4.2 568 Q1 '26 Q1 '25 Q1 '26 Q1 '25 Q1 '26 Q1 '25 Q1 '26 Q1 '25 € million Adjusted Operating Income € million Adjusted
Slide 25: Q1 2026 Regional Results
Q1 2026 REGIONAL RESULTS MIDDLE EAST & AFRICA SOUTH AMERICA ASIA PACIFIC (000 units) (€ billion) (000 units) (€ billion) (000 units) (€ million) Shipments Net Revenues Shipments Net Revenues Shipments Net Revenues Consolidated JV 3.6 3.7 15 2.4 13 486 2.3 21 9 211 435 11 5 11 6 4 16 111 1 00 Q1 '26
Slide 26: Reconciliation of Net Profit to Adjusted Operating Income - Q1 '26
RECONCILIATION OF NET PROFIT TO ADJUSTED OPERATING INCOME - Q1 '26 North America Enlarged Europe Middle East & Africa South America Asia Pacific Other* Stellantis € million Net revenues from external customers 16,114 14,374 2,387 3,583 435 1,239 38,132 Net revenues from transactions with other segme
Slide 27: Reconciliation of Net Profit to Adjusted Operating Income - Q1 '25
RECONCILIATION OF NET PROFIT TO ADJUSTED OPERATING INCOME - Q1 '25 North America Enlarged Europe Middle East & Africa South America Asia Pacific Other* Stellantis € million Net revenues from external customers 14,469 14,168 2,282 3,668 485 741 35,813 Net revenues from transactions with other segment
Slide 28: Reconciliation of Diluted EPS to Adjusted Diluted EPS
RECONCILIATION OF DILUTED EPS TO ADJUSTED DILUTED EPS € million, unless otherwise stated Q1 2026 Q1 2025 Net profit attributable to owners of the parent 390 (371) Coupon and tax impacts on Hybrid perpetual notes(1) 8 - Weighted average number of shares outstanding (000) 2,897,491 2,880,496 Number of
Slide 29: Reconciliation of Operating Cash Flows to Industrial Free Cash Flows
RECONCILIATION OF CASH FLOWS FROM OPERATING ACTIVITIES TO INDUSTRIAL FREE CASH FLOWS € million Q1 2026 Q1 2025 Cash Flows from Operating Activities (2,718) (2,846) Less: Financial Services, Net of Inter-Segment Eliminations (2,493) (2,341) Less: Capital Expenditures and Capitalized R&D Expenditures
Slide 30: Reconciliation of Debt to Industrial Net Financial Position
RECONCILIATION OF DEBT TO INDUSTRIAL NET FINANCIAL POSITION € million At March 31, 2026 At December 31, 2025 Debt (47,919) (45,947) Current Financial Receivables from Jointly-Controlled Financial Services Companies 870 603 Derivative Financial Assets/(Liabilities), Net and Collateral Deposits 127 18
Slide 31: Debt Maturity Schedule - Industrial Activities
DEBT MATURITY SCHEDULE - INDUSTRIAL ACTIVITIES Outstanding Dec 31 2025 2026 2027 2028 2029 2030 Beyond (€ billion) 19.8 Capital Markets Debt 1.3 2.2 2.7 1.9 2.7 9.2 0.9 Bank Debt 0.6 0.1 0.1 - - 0.1 0.3 Other Debt 0.1 - 0.1 - - - 2.5 Lease Liabilities 0.8 0.4 0.2 0.2 0.1 0.8 23.5 Total Industrial Ca
Slide 32: Industrial Available Liquidity
INDUSTRIAL AVAILABILITY LIQUIDITY Industrial Available Liquidity € billion Outstanding Mar 31 2026 Group Industrial Activities Financial Services Cash, Cash Equivalents and Financial Securities 32.8 30.3 2.5 Undrawn Committed Credit Lines 15.5 13.8 1.6 Total Industrial Available Liquidity 48.3 44.1
Slide 33: Research and Development Costs and Expenditures
RESEARCH AND DEVELOPMENT COSTS AND EXPENDITURES € million Q1 2026 Q1 2025 Research and Development Expenditures Expensed 862 733 Amortization of Capitalized Development Expenditures 461 575 Impairment and Write-off of Capitalized Development Expenditures 117 125 Total Research and Development Costs
Slide 34: Stellantis
STELEANTIS ——