Stellantis N.v. · EURONEXT:STLAP
Stellantis — Q1 2022 Earnings Presentation
16 slides from Stellantis's earnings presentation, May 5, 2022
Slide 1: First Quarter 2022 Revenues
FIRST QUARTER 2022 REVENUES MAY 5, 2022
Slide 2: Safe Harbor Statement
SAFE HARBOR STATEMENT This document, in particular references to “FY 2022 Guidance”, contains forward- with advanced features including enhanced electrification, connectivity and looking statements. In particular, statements regarding future financial autonomous driving characteristics; various type
Slide 3: Basis of Presentation
BASIS OF PRESENTATION • Completed merger of Peugeot S.A. (PSA) with and into Fiat Chrysler Automobiles N.V. (FCA) on Jan 16 ’21 (Merger) • On Jan 17 ’21, combined company was renamed Stellantis N.V. (Stellantis or Company) • PSA was determined to be the acquirer for accounting purposes, therefore, h
Slide 4: Continued strong commercial performance and strategic partnerships execution
CONTINUED STRONG COMMERCIAL PERFORMANCE AND STRATEGIC PARTNERSHIPS EXECUTION Q1 2022 Net Revenues of €41.5B, Strengthened South America Global LEV Sales(3) Up 36k Units up 12% vs. Q1 2021 Pro Forma, with Leadership(1), with 23.6% share in Q1 y-o-y to 109k vehicles in Q1 2022, positive net pricing, v
Slide 5: Double-digit revenue growth despite semiconductor situation
DOUBLE-DIGIT REVENUE GROWTH DESPITE SEMICONDUCTOR SITUATION RESULTS FROM CONTINUING OPERATIONS Q1 2022 • Consolidated Shipments down 12% vs. Q1 2021 Q1 2021 vs. Q1 2021 Pro Forma, primarily due to Q1 2022 Q1 2021 (1) Pro Forma (1) Pro Forma Q1 2022 production losses as a result of unfilled semicondu
Slide 6: Net Revenues
STRONG NET PRICING AND MIX MORE THAN OFFSET SEMICONDUCTOR IMPACT NET REVENUES € billion + 12% 1.9 1.6 0.6 41.5 37.0 2.6 (2.2) Q1 2021 Volume & Vehicle Net Price Vehicle FX Other Q1 2022 Pro Forma (1) Market Mix & Content Line Mix Translation (1) Refer to Basis of Presentation for additional informat
Slide 7: Continued strong pricing and favorable vehicle mix
CONTINUED STRONG PRICING AND FAVORABLE VEHICLE MIX NORTH AMERICA ENLARGED EUROPE MIDDLE EAST & AFRICA SHIPMENTS NET REVENUES SHIPMENTS NET REVENUES COMBINED SHIPMENTS NET REVENUES (000 units) (€ billion) (000 units) (€ billion) (000 units) (€ billion) JV Consolidated 20.7 823 15.9 622 16.0 480 451 1
Slide 8: Continued strong pricing and favorable vehicle mix
CONTINUED STRONG PRICING AND FAVORABLE VEHICLE MIX SOUTH AMERICA CHINA AND INDIA & ASIA PACIFIC MASERATI SHIPMENTS NET REVENUES COMBINED SHIPMENTS NET REVENUES SHIPMENTS NET REVENUES (000 units) (€ billion) (000 units) (€ billion) (000 units) (€ billion) JV Consolidated 174 189 2.9 2.1 51 50 0.9 0.9
Slide 9: Dealer inventories remain at low levels
DEALER INVENTORIES REMAIN AT LOW LEVELS NEW VEHICLE INVENTORY • Dealer inventories reduced from Dec 31 ‘21 000 units in all regions except North America and 1,234 China up slightly, primarily due to unfilled semiconductor orders continuing to 273 impact production 807 791 Company • North America dea
Slide 10: 2022 Industry Outlook and Guidance
2022 INDUSTRY OUTLOOK AND GUIDANCE NORTH AMERICA ENLARGED EUROPE MIDDLE EAST & AFRICA FY 2022 GUIDANCE – CONFIRMED Stable - 2% Stable Adjusted Operating Income Margin * Double-Digit Outlook for region reduced Outlook for region reduced Outlook for region from +3% y-o-y from +3% y-o-y unchanged Indus
Slide 11: Appendix
APPENDIX May 5, 2022 Q1 2022 REVENUES | 11
Slide 12: 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 13: QTD Key Commercial Metrics
QTD KEY COMMERCIAL METRICS COMBINED SALES 000 units 1,752 Q1 2022 1,472 864 Q1 2021 532 678 462 93 104 184 193 24 28 25 26 5.1 5.3 NORTH ENLARGED MIDDLE EAST SOUTH INDIA & TOTAL CHINA AMERICA EUROPE & AFRICA AMERICA ASIA PACIFIC MARKET SHARE (1) 11.7% 11.4% 19.0% 20.9% 11.2% 11.6% 23.6% 22.1% 0.7% 0
Slide 14: Reconciliation of Net Revenues from External Customers to Net Revenues
RECONCILIATION OF NET REVENUES FROM EXTERNAL CUSTOMERS TO NET REVENUES Q1 2022 RESULTS FROM CONTINUING OPERATIONS China and North Enlarged Middle East South India & € million America Europe & Africa America Asia Pacific Maserati Other(1) Stellantis Net Revenues from External Customers 20,693 14,609
Slide 15: Reconciliation of Net Revenues from External Customers to Pro Forma Net Revenues
RECONCILIATION OF NET REVENUES FROM EXTERNAL CUSTOMERS TO PRO FORMA NET REVENUES Q1 2021 Pro Forma RESULTS FROM CONTINUING OPERATIONS China and North Enlarged Middle East South India & € million America Europe & Africa America Asia Pacific Maserati Other (1) Stellantis Net Revenues from External Cus
Slide 16: STELEANTIS
STELEANTIS