First Half 2021 Results August 3, 2021 Safe Harbor Statement
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FIRST HALF 2021 RESULTS AUGUST 3, 2021 SAFE HARBOR STATEMENT This document, in particular references to “2021 Guidance”, contains forward- claims, investigations and lawsuits; material operating expenditures in relation looking statements. In particular, statements regarding future financial to compliance with environmental, health and safety regulations; the intense performance and the Company’s expectations as to the achievement of certain level of competition in the automotive industry, which may increase due to targeted metrics, including revenues, industrial free cash flows, vehicle consolidation; exposure to shortfalls in the funding of the Group’s defined shipments, capital investments, research and development costs and other benefit pension plans; the ability to provide or arrange for access to adequate expenses at any future date or for any future period are forward-looking financing for dealers and retail customers and associated risks related to the statements. These statements may include terms such as “may”, “will”, “expect”, establishment and operations of financial services companies; the ability to “could”, “should”, “intend”, “estimate”, “anticipate”, “believe”, “remain”, “on access funding to execute the Group’s business plans and improve their track”, “design”, “target”, “objective”, “goal”, “forecast”, “projection”, “outlook”, businesses, financial condition and results of operations; a significant “prospects”, “plan”, or similar terms. Forward-looking statements are not malfunction, disruption or security breach compromising information technology guarantees of future performance. Rather, they are based on the Group’s current systems or the electronic control systems contained in the Group’s vehicles; the state of knowledge, future expectations and projections about future events and Group’s ability to realize anticipated benefits from joint venture arrangements; are by their nature, subject to inherent risks and uncertainties. They relate to disruptions arising from political, social and economic instability; risks associated events and depend on circumstances that may or may not occur or exist in the with our relationships with employees, dealers and suppliers; increases in costs, future and, as such, undue reliance should not be placed on them. disruptions of supply or shortages of raw materials, parts, components and systems used in the Group’s vehicles; developments in labor and industrial Actual results may differ materially from those expressed in forward-looking relations and developments in applicable labor laws; exchange rate fluctuations, statements as a result of a variety of factors, including: the impact of the COVID- interest rate changes, credit risk and other market risks; political and civil unrest; 19 pandemic; the ability of the Group to launch new products successfully and to earthquakes or other disasters; the risk that the operations of Peugeot S.A. and maintain vehicle shipment volumes; changes in the global financial markets, Fiat Chrysler Automobiles N.V. will not be integrated successfully and other risks general economic environment and changes in demand for automotive products, and uncertainties. which is subject to cyclicality; changes in local economic and political conditions, changes in trade policy and the imposition of global and regional tariffs or tariffs Any forward-looking statements contained in this document speak only as of targeted to the automotive industry, the enactment of tax reforms or other the date of this document and the Group disclaims any obligation to update or changes in tax laws and regulations; the Group’s ability to expand certain of revise publicly forward-looking statements. Further information concerning the their brands globally; its ability to offer innovative, attractive products; its ability Group and its businesses, including factors that could materially affect the to develop, manufacture and sell vehicles with advanced features including Group’s financial results, is included in the Group’s reports and filings with the enhanced electrification, connectivity and autonomous driving characteristics; U.S. Securities and Exchange Commission, AFM, CONSOB and AMF. various types of claims, lawsuits, governmental investigations and other contingencies, including product liability and warranty claims and environmental August 3, 2021 H1 2021 RESULTS | 2 STRONG START WITH RECORD PROFITABILITY Record 11.4% Group Adjusted Strong Start to Synergies Operating Income (AOI) Margin(1) Execution, with ~€1.3B of net driven by North America at record 16.1% cash synergies in H1 2021 Market leader(2) in All In On Electrification South America in H1 2021 with 11 BEVs currently available with 23.6% share, up 620 bps y-o-y Established Purpose Governance Fully Operative and Values of Group New Peugeot 9X8 Hybrid Hypercar (1) On a Pro Forma basis (2) Passenger cars (PC) plus light commercial vehicles (LCV) Note: Market share information is derived from third-party industry sources (e.g. European Automobile Manufacturers Association (ACEA), Ward’s Automotive, Associação Nacional dos Fabricantes de Veículos Automotores (ANFAVEA)) and internal information August 3, 2021 H1 2021 RESULTS | 3 NORTH AMERICA – RECORD PROFITABILITY Record 16.1% AOI Margin(1) Highest U.S. Retail ATP(2) Top 50 despite unfilled semiconductor orders, across portfolio in May and Jun ‘21 Diversity Company with strong pricing and mix at $46K and $48K, respectively, in U.S. from DiversityInc vs. competitors All-New Jeep Wrangler 4xe All-New Grand Wagoneer All-New Jeep #1 Selling PHEV in U.S. Retail Production Started Grand Cherokee 2-Row in Q2 2021 following commercial launch in June, with commercial launch to be revealed at NY Auto Show in Mar ‘21 late Q3 2021 Jeep Jeep Wrangler PHEV Grand Wagoneer Grand Cherokee PHEV (1) On a Pro Forma basis (2) Per J.D. Power and Associates Power Information Network (PIN) data and excludes Premium OEMs August 3, 2021 H1 2021 RESULTS | 4 ENLARGED EUROPE – MEANINGFUL PROFITABILITY IMPROVEMENT (1) 8.8% AOI Margin CO2 Compliant Expansion in Eurasia with commercial and industrial on Standalone Basis with ramp-up of LCV business performance improvements Growing Market Share Ellesmere Port (UK) Signed Performance in EU30(2) to be First All-BEV Agreements in Italy and with 23.1% share, up 80 bps manufacturing site from late 2022 Announced Third vs. H1 2020 European Gigafactory at Termoli (Italy) Powertrain Plant Termoli Plant Fiat Professional Vauxhall E-Ducato Combo-e (1) On a Pro Forma basis (2) EU 27 (excluding Malta), Iceland, Norway, Switzerland and UK (PC + LCV share) August 3, 2021 H1 2021 RESULTS | 5 REST OF WORLD – STRONG GROWTH China and South America Middle East & Africa India & Asia Pacific Market Leader(1) in Region, 9.7% AOI Margin(2) Market Share(1) Up ~20% Brazil and Argentina with strong pricing performance in India & Asia Pacific with share of 23.6%, 31.6% and vs. H1 2020 27.7%, respectively Fiat Strada #1 Selling Market Share(1) Up 30 bps Successful Launches of Vehicle in Brazil to 11.9% in H1 2021 vs. prior year Jeep Compass and Citroën C5 Aircross in India Fiat Toro and Jeep Compass Ami Production Increasing Developing New mid-cycle refreshes launched in Apr ‘21 with expansion into China Strategy commercial business Fiat Citroën Toro Ami Cargo Citroën C5 Aircross (1) PC + LCV (2) On a Pro Forma basis August 3, 2021 H1 2021 RESULTS | 6 GLOBAL SUV Pricing Power +2.8%, +0.1% Achieved ~30% Market Leader and +4.4% vs. Benchmark LEV Mix in EU30(2) in South America for H1 2021 in Brazil, EU G7(1) and U.S., in Jun ‘21 with 14.9% SUV segment respectively share in H1 2021 Record Wrangler Compass and Renegade Record H1 Sales U.S. Retail Sales in H1 2021 Best Selling PHEVs in Japan and Korea with 115k units in Italy for H1 2021 with Wrangler and Renegade top sales models Jeep Jeep Wrangler Renegade (1) Belgium, France, Germany, Italy, Netherlands, Spain and UK (2) EU 27 (excluding Malta), Iceland, Norway, Switzerland and UK August 3, 2021 H1 2021 RESULTS | 7 AMERICAN BRANDS Pacifica #3 Selling Best Ever H1 Global and Best H1 Muscle Car PHEV in U.S. U.S. Retail Sales for Brand Market Share Ever(2), for H1 2021 since becoming standalone brand in 2009 with 49.3% U.S. retail segment share Pricing Power -1.6% Pricing Power -0.2% Pricing Power +6.3% vs. Benchmark vs. Benchmark vs. Benchmark for H1 2021 in U.S. for H1 2021 in U.S. for H1 2021 in U.S. Pacifica PHEV Achieved Record H1 U.S. ATP(1) Durango Achieved Best H1 Highest U.S. Sales for Ram 1500 U.S. Retail Sales Since 2005, in H1 2021, with 10k units at $49k/unit with 31k units and 2021 Durango SRT Hellcat awarded SUV of Texas Chrysler Dodge Pacifica PHEV Ram 1500 Durango SRT Hellcat August 3, 2021 (1) Per J.D. Power and Associates Power Information Network (PIN) data H1 2021 RESULTS | 8 (2) Record since at least 1986 UPPER MAINSTREAM H1 2021 Market Share Up in +50% Sales Growth #2 in EU30(1) More Than 40 Countries EU30(1), Germany and UK outside of Europe vs. H1 2020 with 7.1% market share Worldwide with Record H1 y-o-y to 4.4%, 6.1% and 6.6%, for H1 2021 Market Share since 2015 respectively Pricing Power +0.6% Corsa #1 in Pricing Power +2.3% Regional Launches of New vs. Benchmark Germany and UK vs. Benchmark Landtrek Pickup Continue, for H1 2021 in Europe G7(2) with 21.3% and 18.9% segment for H1 2021 in Europe G7(2) All-New 308 Launch share, respectively in H1 2021 on track for Q4 2021 Opel Peugeot Astra 308 (1) EU 27 (excluding Malta), Iceland, Norway, Switzerland and UK (PC + LCV share) (2) Belgium, France, Germany, Italy, Netherlands, Spain and UK August 3, 2021 H1 2021 RESULTS | 9 CORE H1 2021 Volumes and All-Electric Ami Cargo Market Leader(3) in Brazil, #1 Electric City Car Market Share Up in EU30(1) Launched in Five Italy and Turkey; First Time in 10 Countries y-o-y with 363k units and 4.8% European Markets Leader in South America 30K sold to date share for last mile delivery solutions with 14.8% share in H1 2021 due to success of Fiat Toro and Strada Pricing Power +2.4% Launch of Pricing Power +1.2% Brand to Return to vs.