Stellantis N.v. · EURONEXT:STLAP
Stellantis — Investor Day (June 2024)
55 slides from Stellantis's investor day presentation, Jun 13, 2024
Slide 1: Carlos Zarlenga and Antonio Filosa
CARLOS ZARLENGA ~~ ANTONIO FILOSA CHIEF OPERATING OFFICER, NORTH AMERICA JEEP.CHIEF EXECUTIVE OFFICER “Jp
Slide 2: North America: Priming for Powerful Push
NORTH AMERICA PRIMING FOR POWERFUL PUSH 1. OUR UNIQUE STRENGTHS TODAY 2. RESPONDING TO CRITICAL CHALLENGES 3. SPECIFIC ELECTRIFICATION OPPORTUNITIES 4. JEEP. BRAND EXPANSION INTO NEW AND SIZEABLE SEGMENTS 5. RAM BRAND PRODUCT AND SERVICE PUSH TO BETTER SERVE CUSTOMERS
Slide 3: North America: Our Unique Strengths Today – Snapshot
NORTH AMERICA 4 | OUR UNIQUE STRENGTHS TODAY SNAPSHOT STELE NTIS STELLANTIS NORTH SN. KEY 2023 KPIs REVENUE all | | €86.5B TTT sik SHIPMENTS UNITS PRODUCED IN REGION ©) 92% 1.9m AOI . MANUFACTURING FACILITIES 34 AOI MARGIN EST STELLANTIS REGIC AND _ BIGGEST AO! Pepityae OR. LEADING postrions IN HIGH
Slide 4: Our Unique Strengths Today
NORTH AMERICA || OU) UN/OUE STRENGTHS Tor - MINIVAN SEGMENT — ~ LEADERSHIP } ““ HARMONY. IN MOTION” wee = THE ORIGINAL a PURELY TRUCKS AND AMERICAN AND ICONIC SUV “ COMMERCIAL VEHICLES MUSCLE/SPORT
Slide 5: #1 in U.S. PHEVs since 2022
WORTH AMERICA + |ou% uisaue sTReNeTH= TODAY #1 IN U.S. PHEVs’ SINCE 2022 WRANGLER 4XE GRAND CHEROKEE 4XE PACIFICA PHEV DOUBLE-DIGIT VOLUME GROWTH (1) 2024 Sales Year To Date - Plug-in Hybrid Re
Slide 6: Growing Through Leveraging Accretive Adjacencies
NORTH AMERICA 4 | OUR UNIQUE STRENGTHS TODAY G ROWI N G LEVERAGING ACCRETIVE TH ROU G | BUSINESSES STELEYS NTIS ADJACENCIES FalNtAN:@ AIL S.E-RViANG@IE:S +CUSTOMER LOYALTY - 2X +FUNDING STABILITY THROUGHOUT THE CYCLE +ATTRACTIVE PROFIT POOL et Scio a Qe wee annem Nov 2021 Q1 2023 2024 Acquisition Fu
Slide 7: Leading Business Performance
NORTH AMERICA = 4 | OUR UNIQUE STRENGTHS TODAY LEADING BUSINESS PERFORMANCE STAND-OUT PROFITABILITY VS PEER GROUP, BASED ON SUSTAINABLE DRIVERS NA AOI MARGIN STRUCTURAL 2023 ADVANTAGES STELUANTIS Pricing benefits from clear brand differentiation and strong dealer network Synergies from largest auto
Slide 8: Responding to Critical Challenges
STELENANTIS NORTH AMERICA PRIMING FOR POWERFUL PUSH 2. RESPONDING TO CRITICAL CHALLENGES
Slide 9: Improving Market Share
NORTH AMERICA, IMPROVING MARKET SHARE CHALLENGES May YTD Change Y-o-Y -1.7Pts US Market Share Re-calibration of MSRP and incentive levels of several models to increase consideration Dealer Coverage Identified opportunities to better match supply/demand, ramping supply of RAM LD MCA MAR April - May Y
Slide 10: Addressing Inventory
NORTH AMERICA, ADDRESSING INVENTORY CHALLENGES RESPONSE IN ACTION US DAYS SUPPLY TOO HIGH Up 33 days Y-o-Y INVENTORY TRANSITION: Sell-down discontinued models Days sales in 9 @) Days Improvement May vs. April DoS May Actuals LEV MANAGEMENT: Optimizing distribution w/CARB agreement PRODUCTION: Stock
Slide 11: Responding to Critical Challenges
UMORTHAMERIEA >| ne=PoWoWN6TO.HiTIeAL cHALLENGES CHALLENGES Vas PRICING: Industry-wide deterioration a neg — : {1 \\ ; LABOR: Cost increase : Wi \\ \\X rd spect -cost coy celeration CAPITAL NEEDS: Funding electrification transition and product roadmap ION: Continue eduction
Slide 12: Specific Electrification Opportunities
STELENANTIS NORTH AMERICA PRIMING FOR POWERFUL PUSH 3. SPECIFIC ELECTRIFICATION OPPORTUNITIES
Slide 13: Specific Electrification Opportunities
[WORTH AMERICA =| sorcricstscrniicavion opPoRTunimis STELEANTIS EVEN AT LOWER END OF EXPECTATIONS
Slide 14: Managing Uncertainty – Maximum Choice
NORTH AMERICA 2 | SPECIFIC ELECTRIFICATION OPPORTUNITIES MANAGING UNCERTAINTY - MAXIMUM CHOICE 2024-2025 NEW PRODUCT POWERTRAIN SPECTRUM CORE/TRADITIONAL SUSTAINED COMMITMENTS) HIGHLY PROFITABLE CORE PRODUCTS ICE MHEV / HEV PROPULSION ; = © © ee Increase Efficiency VALUE Sica ne ore and Reduce Emiss
Slide 15: Our NA BEV Wave – Unique Value Propositions
|) 3 | SPECIFIC ELECTRIFICATION OPPORTUNITIES | OUR NA BEV WAVE - UNIQUE VALUE PROPOSITIONS BUILT ON NEXT-GENERATION, STLA LARGE AND STLA FRAME MULTI-ENERGY PLATFORMS bald Evy CHARGER DAYTONA WAGONEER S First BEV with Jeep. Trail Ratede off-road capability and, doors-off, open-air experience
Slide 16: Jeep Brand: Antonio Filosa
Jeep ANTONIO FILOSA JEEP, BRAND CHIEF EXECUTIVE OFFICER
Slide 17: The Original Freedom Machine
THE ORIGINAL FREEDOM MACHINE
Slide 18: Jeep brand strength
Jeep Source: Brand Keys Survey ae
Slide 19: Highest Loyalty in Segment
Jeep HIGHEST LOYALTY IN SEGMENT.
Slide 20: Brand Strategy
Jeep BRAND STRATEGY a 4 =e lh) « PROTECT “te ° THE CORE BROADEN THE REACH
Slide 21: U.S. PHEV Leadership
U.S. PHEV _ LEADERSHIP»
Slide 22: Conquest Momentum
CONQUEST MOMENTUM ~
Slide 23: Sil
Sil o i el 2
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Slide 27: New Launches: Mid-Size UV – Increase Market Coverage
Jeep NEW LAUNCHES: MID-SIZE UV INCREASE MARKET COVERAGE From 45% in2023 to-85%-.in\2027 North America REMIMAINSTREANA UV 4.6M JEEP, RECON 2.6M 1.5M SMALL UV SEGMENT 0.5M 0.6M 0.4M SMALL COMPACT MIDSIZE FULL LARGE OFF-ROAD ‘ALL-NEW RENEGADE UNDER $25K FOR BEV VARIANT
Slide 28: Expansion of Manufacturing Footprint and Global Sales
EXPANSION OF MANUFACTURING FOOTPRINT GLOBAL SALES =- >1.5M NA EE 1M © & 2023 2027 2023 2027 SA ASIA poz? Om Vs 10k), 1 60K 2023 ©2027 cu) 2027 NORTH AMERICA SALES >1.0M PRODUCTION STRATEGY — om i 2023 FN “csi os (2027 DD com ae ae 2023 2027
Slide 29: Market Coverage
MARKET COVERAGE COMPASS WAGONEER GRAND CHEROKEE L WRANGLER 85% gS MID-CYCLE ACTION
Slide 30: Jeep Recon
JEEP. RECON 100% Electric, Rubicon Ready + Jeep, Trail Rated, with high off-road capability * Open-air freedom with fully removable doors and roof + On sale in 2025
Slide 31: Wagoneer S
WAGONEER S$ Fastest Jeep, Ever, 300+ Mile Range * First 100% electric Jeep, vehicle in North America ¢ First global Wagoneer nameplate with over 300 miles of range * Quickest EV in class 3.4s 0-60mph *Class-leading 4WD capability with Jeep, Selec-Terrain,
Slide 32: Ram Brand: Chris Feuell
i ee — SS CHRIS FEVUELL RAM BRAND CHIEF EXECUTIVE OFFICER
Slide 33: Who We Are and Our Strategic Pillars
1. WHO WE ARE AND OUR STRONG'STRATEGIC PILLARS 2. CLEAR GROWTH OPPORTUNITIES 3. RESPONDING TO TODAY’S CHALLENGES P SLR
Slide 34: Trucks Are What We Do
wl er le ee TRUCKS ARE WHAT WE DO BUILT TO SERVE FROM THE GROUND UP, FRAME FIRST
Slide 35: Three Core Pillars of the Lineup
CORE REDESIGNED EXTERIOR, LUXURIOUS INTERIOR & TECHNOLOGY AT EVERY TURN, INCREASED CAPABILITY —— —O Oe Le SF aN | 3 CORE PILLARS OF THE LINEUP TO SERVE ALL CUSTOMERS SPORT THE MOST CAPABLE & AFFORDABLE OFF-ROAD TRUCK LINEUP IN THE INDUSTRY COMMERCIAL INTEGRATED OFFERINGS OF BEST-IN-CLASS PRODUOTS AN
Slide 36: Brand Core
BRAND CORE REFRESHED LIGHT & HEAVY-DUTY TRUCKS LAUNCH MIDSIZE TRUCKS IN MEXICO AND SOUTH AMERICA PICK YOUR POWER WITH MULTI-ENERGY LINEUP UNIQUELY AMPLIFIED LUXURY TECHNOLOGY LEADERSHIP TRUCK CAPABILITY FIRST
Slide 37: One Size Does Not Fit All
i <7ur2z ONE SIZE DOES NOT FIT ALL TRAIN STRATEGIES FOR CUSTOMER NEEDS REGIONAL DIFFERENCES IN TODAY'S BUYING BEHAVIORS Ge ls ol >
Slide 38: Flexible Powertrain Strategies for Customer Needs
ONE SIZE DOES NOT FIT ALL FLEXIBLE POWERTRAIN STRATEGIES FOR CUSTOMER NEEDS RAM’S ANSWER REV 1500 ICE RAMCHARGER PURE EV 350 / 500 mile RANGE MORE HORSEPOWER & TORQUE FIRST UNLIMITED RANGE EV HIGHEST PERFORMING BEV TRUCK PREMIER ICE POWERPLANT ASEGMENT OF ITS OWN, NOTHING IN THE SEGMENT ELSE LIKE IT
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Slide 40: Driving Commercial Growth to Be #1
Save > 20NE DRIVING COMMERCIAL GROWTH TO BE #1 STRONG FOUNDATION TODAY DEDICATED TEAM 2025 AND BEYOND STELEANTIS a aaa = Sooo" _ Ea 2023 RECORD VOLUMES DEDICATED TEAM ENHANCE FURTHER SUCCESS OF RAM IN EXPANSION OF PRODUCTS AND ARP Ara ee, COMMERCIAL SEGMENTS SERVICES INCLUDING EV’S DEEPEN RELATIONSH
Slide 41: Facing Challenges
FACING BROADENING THE RAM LINEUP. FOR GLOBAL AUDIENCES INCREASING PRODUCTION AND STRIVING FOR #1 POSITION IN PICKUP QUALITY OPTIMIZE COMPETITIVENESS WHILE MAINTAINING PRICING POWER LEVERAGING WORLD-CLASS STELLANTIS GLOBAL PLATFORMS TO GROW PROFITABILITY UPGRADING FACILITIES AND REALLOCATING PRODUCT
Slide 42: Global Growth
GLOBAL GROWTH SERVING CUSTOMERS IN NEW WAYS, SHARPENING EXECUTION
Slide 43: North America: Priming for Powerful Push
Masa aa) NORTH AMERICA PRIMING FOR POWERFUL PUTS in attractive segments i a . Responding to critical challenges, and addressing profitability headwinds efi pi . Specific electrification opportunities, maximizing choice to manage uncertainty 4. Jeep, Brand expansion into new and sizeable segments, of
Slide 44: Appendix
APPENDIX
Slide 45: Safe Harbor Statement
STELEANTIS SAFE HARBOR STATEMENT See This document, in particular references to “FY 2024 Company Guidance”, contains forward-looking statements. Statements regarding future financial performance and the Company's expectations as to the achievement of certain targeted metrics, including revenues, ind
Slide 46: Definitions and Notes to Presentation (1 of 2)
DEFINITIONS AND NOTES TO PRESENTATION (1 of 2) 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 • EU30: EU 27 (excl
Slide 47: Definitions and Notes to Presentation (2 of 2)
DEFINITIONS AND NOTES TO PRESENTATION (2of 2) • 3rd Engine: Refers to the aggregation of the South America, Middle East & Africa and China and India & Asia Pacific segments for presentation purposes only • NEV: New energy vehicle; includes BEVs, PHEVs and fuel cell vehicles. • CARB: California Air R
Slide 48: Non-GAAP Financial Measures (1 of 2)
NON-GAAP FINANCIAL MEASURES (1 of 2) Stellantis monitors our operations through the use of several non-generally accepted accounting principles (“non-GAAP”) financial measures: Adjusted operating income, Industrial free cash flows and Industrial net financial position. We believe that these non-GAAP
Slide 49: Non-GAAP Financial Measures (2 of 2)
NON-GAAP FINANCIAL MEASURES (2of 2) Unusual operating income/(expense) are impacts from strategic decisions as well as events considered rare or discrete and infrequent in nature, as inclusion of such items is not considered to be indicative of the Company's ongoing operating performance. Unusual op
Slide 50: 2020 Non-GAAP Reconciliations
2020 NON-GAAP RECONCILIATIONS NET REVENUES, NET PROFIT TO AOI, AOI TO AOI INCL. JV’S
Slide 51: 2021 Non-GAAP Reconciliations
2021 NON-GAAP RECONCILIATIONS NET REVENUES, NET PROFIT TO AOI, AOI TO AOI
Slide 52: 2022 Non-GAAP Reconciliations
2022 NON-GAAP RECONCILIATIONS NET REVENUES, NET PROFIT TO AOI, AOI TO AOI INCL. JV’S
Slide 53: 2023 Non-GAAP Reconciliations
2023 NON-GAAP RECONCILIATIONS NET REVENUES, NET PROFIT TO AOI, AOI TO AOI INCL. JV’S
Slide 54: Non-GAAP Reconciliations: Available Liquidity
NON-GAAP RECONCILIATIONS AVAILABLE LIQUIDITY (€ million) 2023 2022 2021 Cash, cash equivalents and financial securities(1) € 49,758 € 49,960 € 51,128 Undrawn committed credit lines 12,621 12,680 12,810 Cash, cash equivalents and financial securities - included with Assets held for sale 231 65 — Tota
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