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STELLANTIS Stellantis Reports Record H1 Pro Forma ( 1 ) Results with 11.4 % Margin , All Segments Profitable Full - Year Guidance Raised to -10 % Adjusted Operating Income ( 2 ) Margin ( 1 ) • Pro Forma Net revenues of € 75.3 billion , up 46 % • Pro Forma ( 1 ) Adjusted operating income ( 2 ) ( " AOI " ) of € 8.6 billion , with 11.4 % margin ; record North America margin at 16.1 % Strong start to synergies execution , with ~ € 1.3 billion of net cash synergies in H1 2021 Pro Forma ( ¹ ) Industrial free cash outflows ( 3 ) of € 1.2 billion , reflecting negative working capital impacts due to unfilled semiconductor orders , offsetting positive net synergies Strong Industrial available liquidity of € 51.4 billion RESULTS FROM CONTINUING OPERATIONS " I would like to thank warmly all Stellantis employees for their outstanding focus on operational excellence and synergies execution that have led the Company to achieve very strong H1 financial results . While delivering this strong operational performance the Company also made significant progress on strategic matters related to electrification acceleration and software , which are fundamental pillars of our strategy . " -Carlos Tavares , CEO ( € million ) H12021 H12020 Net revenues 72,610 19,614 Net profit / ( loss ) * 5,800 797 Cash flows from 5,615 n.a. operating activities -FRS S PRO FORMA Net revenues Net profit / ( loss ) PRO FORMA H12020 Pro Forma ( ¹ ) 51,668 ( 813 ) H1 2021 Pro Forma vs. H1 2020 Pro Forma + 46 % n.m. H1 2021 Pro Forma vs. H1 2020 Pro Forma H12021 Pro Forma ( ¹ ) 75,310 5,936 H12021 Pro Forma ( ¹ ) H12020 Pro Forma ( ¹ ) N Adjusted operating income ( 2 ) 8,622 752 Adjusted operating income margin ( 2 ) 11.4 % 1.5 % +990 bps PIndustrial free cash flows ( 3 ) ( 1,163 ) n.a. n.a. ZONICAAP FY 2021 Guidance - Raised # ( 2 ) of ~ 10 % . + 1,047 % Adjusted operating income margin Assumes no further deterioration of semiconductor supply and no further significant lockdowns in Europe and U.S. 2021 Industry Outlook ( 7 ) All regions unchanged vs. Q1 2021 , except North America + 10 % , up from + 8 % , South America + 20 % , Enlarged Europe + 10 % , Middle East & Africa + 15 % , India & Asia Pacific + 10 % , and China + 5 % . n.a. = Not applicable ; n.m. = Not meaningful Basis of preparation EV Strategy : Full speed ahead with the launch of 11 BEVs and 10 PHEVS over the next 24 months ; fully - electrified LCV range in Europe , along with hydrogen fuel cell medium vans , by end of 2021 ; a third ' gigafactory ' announced for Termoli ( Italy ) ; transformation of Ellesmere Port ( UK ) plant into the Company's first purely BEV factory from late 2022 . Innovative Partnerships Announced : With Archer to create vertical take - off vehicles and with Engie EPS to develop fast- charging networks . North America : Record profitability , with record H1 Ram Global and U.S. retail sales . Jeep Wrangler 4xe the best - selling PHEV in the U.S for Q2 2021 , following its launch in March 2021. Jeep is expanding market coverage with the forthcoming premium Grand Wagoneer and Wagoneer . Enlarged Europe : Standalone CO₂ compliance , H1 EU30 market share increased to 23.1 % , with LCV leadership at 34.4 % share . Peugeot # 2 in EU30 with 7.1 % H1 market share . Opel Corsa H1 segment leader in Germany and UK ; Fiat H1 market leader in Italy , with 500e the # 1 electric city car in ten countries . Other Regions : H1 market leader in South America , with 23.6 % share and Fiat Strada is Brazil's top selling vehicle ; H1 Middle East & Africa market share up 30 basis points to 11.9 % . Maserati : Back in the black with H1 Adjusted operating income of € 29 million and H1 market share up in all key markets . Refer to page 9 for market and industry information " H1 2021 " and " H1 2020 " represent results as reportable under IFRS , which include FCA from January 17 , 2021 , following the closure of the Merger ; " H1 2021 Pro Forma " and " H1 2020 Pro Forma " are presented as if the Merger had occurred January 1 , 2020. Refer to the section " Notes " and " Unaudited Pro Forma Condensed Consolidated Financial Information " for additional detail . Reference should be made to the section " Safe Harbor Statement " included elsewhere within this document . * Reconciliation of Net profit / ( loss ) to Pro Forma Adjusted Net profit and of Pro Forma Diluted EPS to Pro Forma Adjusted diluted EPS are included on pages 6-7 Guidance includes impacts from purchase accounting and changes in accounting policies as required by IFRS in connection with the Merger . Guidance refers to Pro Forma results , which include results of FCA for the period January 1 - 16 , 2021 . Refer to page 9 for an explanation of the items referenced on this page . 1