First Half 2022 Results

• July 28, 2022
• Net revenues of €88.0 billion, up 17% compared to H1 2021 Pro Forma⁽³⁾ reflecting strong net pricing, favorable vehicle mix and positive FX translation effects
• Adjusted operating income⁽¹⁾ of €12.4 billion, up 44% compared to H1 2021⁽³⁾, with margin at 14.1%; all five regions⁽⁴⁾ with double-digit margins
• Net profit of €8.0 billion, up 34% compared to H1 2021⁽³⁾
• Industrial free cash flows⁽²⁾ of €5.3 billion, up €6.5 billion compared to H1 2021⁽³⁾
• Strong Industrial available liquidity at €59.7 billion
• Stellantis ranked second in BEV sales and LEV sales in EU30 market; third in the U.S. market for LEV sales
• Global BEV sales up nearly 50% y-o-y to 136k units
• _{ll financial comparisons are to H1 2021 Pro Forma⁽³⁾.}

“In a demanding global context, we continue to ‘Dare Forward’, delivering an outstanding performance and executing our bold electrification strategy. Together with our employees’ resiliency, agility and entrepreneurial mindset, and our innovative partners, we are shaping Stellantis into a sustainable mobility tech company that’s fit for the future. I would like to express my sincere appreciation to all Stellantis employees for their commitment and their contribution to these results.”

Carlos Tavares, CEO

AMSTERDAM – Stellantis’ Dare Forward 2030 strategic plan is progressing at full speed, supported by record profitability and accelerating sales of low emission vehicles (LEV), which include battery electric (BEV), plug-in hybrid (PHEV) and fuel cell electric vehicles.

The Company ranked second in the EU30 market for BEV and LEV sales (less than 1k vehicles gap with LEV leader) and third in the U.S. market for LEV sales⁽⁶⁾. Stellantis’ global BEV sales were up nearly 50% y-o-y to 136k units in H1. The Company now offers 20 BEVs, with an additional 28 BEVs to be launched through 2024.

Battery Ecosystem Strengthened: Confirmed locations for five gigafactories (three in Europe and two in North America), partnering with Automotive Cells Company, Samsung SDI and LG Energy Solution; and strengthened supply of low-carbon lithium hydroxide, by signing agreements with Vulcan Energy and Controlled Thermal Resources in Europe and North America, respectively. Samsung SDI and LG Energy Solution agreements remain subject to customary closing conditions and regulatory approvals.

Global Mobility Leadership: Acquired Share Now, positioning Free2move as a world leader in mobility with more than 6 million customers worldwide.

Transformational Partnerships: Announced global, multi-year agreements with Amazon and Qualcomm that will transform the in-vehicle experience for millions of Stellantis customers.

North America: Achieved record profitability, with Adjusted operating income (AOI) margin of 18.1%; market share was up 40 bps y-o-y to 11.3%, with U.S. share up 50 bps to 11.7%. Jeep® Wrangler 4xe remains the best-selling PHEV in the U.S.⁽⁶⁾ with 19k units sold in H1, up 55% y-o-y. The all-new Jeep Grand Cherokee 4xe is arriving in dealerships, soon to be followed by the all-new Wagoneer L and Grand Wagoneer L in late 2022.