Slide 1: Q3 2024 Shipments and Revenues
Q3 2024 SHIPMENTS AND REVENUES Ram 2500 Rebel Heavy Duty
Slide 2: Safe Harbor Statement
SAFE HARBOR STATEMENT This document, in particular references to “FY 2024 Guidance”, contains forward and political conditions; changes in trade policy, the imposition of global and regional looking statements. In particular, statements regarding future financial performance tariffs or tariffs targe
Slide 3: Q3 2024: Clearing the Path for 2025
Q3 2024: Clearing the Path for 2025 Top-Line Reflects On Track to Resolve Navigating Extraordinary Temporary Challenges Vehicle Stock Issues Product Transition
Slide 4: Q3 '24 Highlights: Resetting and Preparing for Improved 2025
Q3 ‘24 HIGHLIGHTS: RESETTING AND PREPARING FOR IMPROVED 2025 Net Revenues of €33B Down 27% vs. Q3 ‘23 driven Shipments of 1.15M Down 20%, or 279k vs. Q3 ‘23, with principally by ~21% lower volume & mix, as well as a decline driven by transitory gaps in the product portfolio, Top-Line Reflects Tempor
Slide 5: Net Revenues Down 27% Due Principally to Volume Declines
NET REVENUES DOWN 27% DUE PRINCIPALLY TO VOLUME DECLINES RESULTS FROM CONTINUING OPERATIONS • Consolidated Shipments down 20% Q3 2024 Q3 2023 % Change YTD 2024 YTD 2023 % Change vs. Q3 ‘23, with majority of segments reporting y-o-y declines Combined Shipments (1,2) 1,174 1,478 - 21% 4,105 4,805 - 15
Slide 6: Net Revenues Decline Driven by Product Transition and Inventory Reduction
NET REVENUES DECLINE DRIVEN BY PRODUCT TRANSITION AND INVENTORY REDUCTION NET REVENUES € billion - 27% 45.1 33.0 (9.7) (1.3) (0.1) (1.1) Volume & Vehicle FX Q3 2023 Other Q3 2024 Mix Net Price Translation Figures may not add due to rounding October 31, 2024 Q3 2024 Revenues | 6
Slide 7: Net Revenues Down Significantly on Lower Volumes
NET REVENUES DOWN SIGNIFICANTLY ON LOWER VOLUMES 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 21.5 599 139 470 496 104 34 3.0 12
Slide 8: South America Shipment Resilience Partially Offsets Other Declines
SOUTH AMERICA SHIPMENT RESILIENCE PARTIALLY OFFSETS OTHER DECLINES 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 259 4.2 4.3 2
Slide 9: Progress on Inventory Reduction Largely Driven by North American Region
PROGRESS ON INVENTORY REDUCTION LARGELY DRIVEN BY NORTH AMERICAN REGION Company Sequential Development (000 units) Independent dealers • Inventory down vs. Q2 ‘24 and year-end ‘23, primarily due to de-stocking in North America and 1,387 1,459 1,393 1,408 continued focus in Enlarged Europe 1,330 331
Slide 10: Reducing U.S. Dealer Inventory
U.S. EXECUTING THE PLAN AND SETTING THE STAGE FOR 2025 Reducing U.S. Dealer Inventory (000’s of Vehicles) 431 406 388 380 < 350 Jun '24 Jul '24 Aug '24 Sep '24 Oct '24 • Reduced dealer inventory by 51k in Q3 ‘24 compared to the mid-year starting point of 431K, and with additional reductions of at le
Slide 11: U.S. Sales Improvement Initiatives Seeing Encouraging Early Results
U.S. SALES IMPROVEMENT INITIATIVES SEEING ENCOURAGING EARLY RESULTS U.S. Market Share: Process of Stabilization 9.4% 8.2% 7.9% 8.0% 7.2% Q3 '23 Q2 '24 Jul '24 Aug '24 Sep '24 +15% New Tracked Leads from Aug ‘24 to Sep ‘24 Enhancing 4%–6% MY ‘25 MSRP Reductions Jeep® Grand Cherokee, Compass, Gladiato
Slide 12: Near-Term Product Wave: Remains On Track
Near-Term Product Wave: Remains On Track 2024 Transition Timing Impacted By Critical Realities Multi-energy flexibility entails substantive Consistent, thorough approach to product validation facility upgrades and re-training, as with Peugeot as reputational and other costs of initial quality issues
Slide 13: Affordable High-Tech EVs
Affordable High-Tech EVs Complementing Stellantis Portfolio • Leapmotor International JV began shipping in Europe in September, launching in India & Asia Pacific and Middle East & Africa in Q4 ‘24 and South America in ‘25 • Robust Product Plan: o 2024: T03 A-Seg BEV (starting at €18.9k) and C10 D-SU
Slide 14: Citroën C3 / ëC3
Citroën C3 / ëC3 New Generation brings BEV & MHEV to Citroën’s most popular nameplate Initial Orders >50k ∙ 47% BEV Mix ∙ 49% High-End Trim
Slide 15: Peugeot 3008 / E-3008
Peugeot 3008 / E-3008 New Generation lineup includes first-ever E-3008 BEV with segment-leading 700km range Initial Orders ~75k ∙ ~60% Mix High-End Trim ∙ ~25% BEV Mix
Slide 16: 2024 Financial Guidance Reflects Impacts from Efforts to Resolve Challenges
2024 FINANCIAL GUIDANCE REFLECTS IMPACTS FROM EFFORTS TO RESOLVE CHALLENGES Adj. Operating Income Margin* Industrial Free Cash Flows * 5.5 - 7.0% -€5 to -€10B Due primarily to corrective inventory and other Reflects the significantly suppressed AOI actions to improve North American performance, expe
Slide 17: Q3 2024: Clearing the Path for 2025
Q3 2024: Clearing the Path for 2025 Top-Line Reflects On Track to Resolve Navigating Extraordinary Temporary Challenges Vehicle Stock Issues Product Transition
Slide 18: Appendix
J.D. Power 2024 U.S. APEAL StudyS™
Slide 19: Definitions and Notes to Presentation
DEFINITIONS AND NOTES TO PRESENTATION For purposes of this presentation, and unless otherwise stated: • EU30 = EU 27 (excluding Malta), Iceland, Norway, Switzerland and UK • NA = North America, U.S. = United States, SA = South America, MEA = Middle East & Africa, IAP = India & Asia Pacific • MY = Mo
Slide 20: 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 21: Q3 Key Commercial Metrics
Q3 KEY COMMERCIAL METRICS COMBINED SALES 000 units 1,515 1,296 651 Q3 2024 543 444 358 Q3 2023 259 236 106 144 16 20 10 14 2.9 5.9 NORTH ENLARGED MIDDLE EAST SOUTH INDIA & TOTAL CHINA AMERICA EUROPE & AFRICA AMERICA ASIA PACIFIC MARKET SHARE (1) 7.4% 9.1% 15.2% 17.3% 10.3% 13.9% 24.0% 23.8% 0.4% 0.5
Slide 22: YTD Key Commercial Metrics
YTD KEY COMMERCIAL METRICS 4,693 COMBINED SALES 000 units 4,290 2,002 2,091 YTD 2024 1,383 1,150 YTD 2023 663 646 378 437 50 70 36 45 11.8 20.4 NORTH ENLARGED MIDDLE EAST SOUTH INDIA & TOTAL CHINA AMERICA EUROPE & AFRICA AMERICA ASIA PACIFIC MARKET SHARE (1) 7.9% 9.7% 16.9% 18.0% 12.2% 14.6% 23.2% 2
Slide 23: YTD Net Revenues
YTD NET REVENUES NET REVENUES € billion - 18% 143.5 118.0 (21.1) (0.8) (3.0) (0.7) Volume & Vehicle FX YTD 2023 Other YTD 2024 Mix Net Price Translation Figures may not add due to rounding October 31, 2024 Q3 2024 Revenues | 23
Slide 24: YTD Shipments and Net Revenues by Segment
YTD SHIPMENTS AND NET REVENUES BY SEGMENT 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 67.4 2,077 1,883 377 440 1,493 50.8 49.0
Slide 25: Reconciliation of Net Revenues from External Customers to Net Revenues: Q3 2024
RECONCILIATION OF NET REVENUES FROM EXTERNAL CUSTOMERS TO NET REVENUES Q3 2024 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 12,424 12,458
Slide 26: Reconciliation of Net Revenues from External Customers to Net Revenues: Q3 2023
RECONCILIATION OF NET REVENUES FROM EXTERNAL CUSTOMERS TO NET REVENUES Q3 2023 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 21,522 14,077
Slide 27: Reconciliation of Net Revenues from External Customers to Net Revenues: YTD 2024
RECONCILIATION OF NET REVENUES FROM EXTERNAL CUSTOMERS TO NET REVENUES YTD 2024 RESULTS FROM CONTINUING OPERATIONS Middle China and North Enlarged East & South India & € million America Europe Africa America Asia Pacific Maserati Other(1) Stellantis Net Revenues from External Customers 50,775 42,306
Slide 28: Reconciliation of Net Revenues from External Customers to Net Revenues: YTD 2023
RECONCILIATION OF NET REVENUES FROM EXTERNAL CUSTOMERS TO NET REVENUES YTD 2023 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 67,438 48,888
Slide 29: STELENANTIS
STELENANTIS CHRYSLER CITROEN i GR AES rg LEASYS reser