Slides
Page 1
SHIPMENTS AND REVENUES Q3 2025 Jeep® Cherokee
Page 2
This document, in particular references to “H2 2025 Financial Guidance”, contains forward looking statements. In particular, statements regarding future financial performance and the Company’s expectations as to the achievement of certain targeted metrics, including revenues, industrial free cash flows, vehicle shipments, capital investments, research and development costs and other expenses at any future date or for any future period are forward-looking statements. These statements may include terms such as “may”, “will”, “expect”, “could”, “should”, “intend”, “estimate”, “anticipate”, “believe”, “remain”, “on track”, “design”, “target”, “objective”, “goal”, “forecast”, “projection”, “outlook”, “prospects”, “plan”, or similar terms. Forward- looking statements are not guarantees of future performance. Rather, they are based on the Company’s current state of knowledge, future expectations and projections about future events and are by their nature, subject to inherent risks and uncertainties. They relate to events and depend on circumstances that may or may not occur or exist in the future and, as such, undue reliance should not be placed on them. Actual results may differ materially from those expressed in forward-looking statements as a result of a variety of factors, including: the Company’s ability to launch new products successfully and to maintain vehicle shipment volumes; the Company's ability to attract and retain experienced management and employees; changes in trade policy, the imposition of global and regional tariffs or tariffs targeted to the automobile industry; changes in the global financial markets, general economic environment and changes in demand for automotive products, which is subject to cyclicality; the Company’s ability to successfully manage the industry-wide transition from internal combustion engines to full electrification and accurately predict the market demand for electrified vehicles; the Company’s ability to offer innovative, attractive products and to develop, manufacture and sell vehicles with advanced features including enhanced electrification, connectivity and autonomous-driving characteristics; the Company’s ability to produce or procure electric batteries with competitive performance, cost and at required volumes; the Company’s ability to successfully launch new businesses and integrate acquisitions; a significant malfunction, disruption or security breach compromising information technology systems or the electronic control systems contained in the Company’s vehicles; exchange rate fluctuations, interest rate changes, credit risk and other market risks; increases in costs, disruptions of supply or shortages of raw materials, parts, components and systems used in the Company’s vehicles; changes in local economic and political conditions; the enactment of tax reforms or other changes in tax laws and regulations; the level of governmental economic incentives available to support the adoption of battery electric vehicles; the impact of increasingly stringent regulations regarding fuel efficiency and greenhouse gas and tailpipe emissions; various types of claims, lawsuits, governmental investigations and other contingencies, including product liability and warranty claims and environmental claims, investigations and lawsuits; material operating expenditures in relation to compliance with environmental, health and safety regulations; the level of competition in the automotive industry, which may increase due to consolidation and new entrants; exposure to shortfalls in the funding of the Company’s defined benefit pension plans; the Company’s ability to provide or arrange for access to adequate financing for dealers and retail customers and associated risks related to the operations of financial services companies; the Company’s ability to access funding to execute its business plan; the Company’s ability to realize anticipated benefits from joint venture arrangements; disruptions arising from political, social and economic instability; risks associated with the Company’s relationships with employees, dealers and suppliers; the Company’s ability to maintain effective internal controls over financial reporting; developments in labor and industrial relations and developments in applicable labor laws; earthquakes or other disasters; and other risks and uncertainties. Any forward-looking statements contained in this document speak only as of the date of this document and the Company disclaims any obligation to update or revise publicly forward- looking statements. Further information concerning the Company and its businesses, including factors that could materially affect the Company’s financial results, is included in the Company’s reports and filings with the U.S. Securities and Exchange Commission and AFM. SAFE HARBOR STATEMENT OCTOBER 30, 2025 2Q3 2025 REVENUES |
Page 3
$13B U.S. Investment Marks Powerful Change Affirming H2 2025 Outlook Q3 Delivers Return to Top-Line Growth Commercial Performance Progressing Ram 1500 RHO
Page 4
Q3 Executive Summary.......................... Commercial Progress ............................. U.S. Investments...................................... Financial Review...................................... H2 Guidance.............................................. Appendix.................................................... AGENDA OCTOBER 30, 2025 Page 5 Page 6 Page 16 Page 20 Page 25 Page 28 Dodge SIXPACK-Powered Charger 4Q3 2025 REVENUES |
Page 5
5Q3 2025 REVENUES | Q3 2025 EXECUTIVE SUMMARY Addressing Key Strategic Needs Management team in H2 '25 is continuing the work begun in H1 '25, to better align important elements of the business, supporting long-term sustainable and profitable growth $13B U.S. Investment Marks Powerful Change Affirming H2 '25 Outlook Q3 Delivers Return to Top-Line Growth OCTOBER 30, 2025 2025 Financial Guidance Unchanged(1) with H2 '25 expected to show improved Net Revenues and IFCF vs. H1 '25 and deliver low-single digits AOI margin Refer to Appendix for definitions and notes to the presentation (1) See slide page 26 for further information 5Q3 2025 REVENUES | Global Freedom of Choice Building what customers need, demand, and love. Expanding powertrain options to enlarge opportunity, and re-entering segments to provide a more complete lineup and market coverage $13B in U.S. Investment Announced Investing in U.S. products, plants and production. Delivering the products that customers love and want, adding >5,000 jobs and expanding U.S. production by 50% Shipments 1.3M, Net Revenues €37.2B Both up 13% y-o-y, primarily driven by growth in NA where shipments rebounded 35% compared to prior year, which was impacted by stock reduction initiatives, while the other regions in total also delivered positive net y-o-y shipment growth NA Market Share Improving Sequentially, EE Softer NA sequential improvement of +40bps vs. Q2 '25, reversing almost 2 years of declines; while EE saw lower share sequentially (and y-o-y), due in part to high exposure to softer France, Italy and LCV segment industry volumes
Page 6
Commercial Progress Jeep® Wrangler OCTOBER 30, 2025 6Q3 2025 REVENUES |
Page 7
ADVANCING THE 2025 PRODUCT WAVE OCTOBER 30, 2025 7Q3 2025 REVENUES | Citroën C5 Aircross DS Nº8 Fiat 500 mHEV Dodge SIXPACK-Powered 2/4 Door ChargerJeep® Cherokee Jeep® Compass Q3 '25 LaunchedH1 '25 Launched Upcoming Launches Fiat Grande Panda Citroën C3 Aircross Ram ProMaster Cargo BEV Opel/Vauxhall Frontera Represents vehicles launched in 2025
Page 8
• On hiatus since Q1 '23 • Begins production Q4 '25, shipping in late '25 • Return to largest U.S. segment (mid-SUV) • New hybrid powertrain • >1.7M prior generation Cherokees sold(1) • On hiatus since Q4 '23 • ICE variants begin production in Q4 '25 • Prior generation #1 U.S. muscle car years 2014 - 2024 • >2.6M prior generation Charger/Challengers sold(2) 1) Represents Jeep® Cherokee total sales volume from Jan '13 - Sep '25 2) Represents Dodge Charger and Challenger total sales volume from May '05 - Sep '25 ICE Dodge ChargerJeep® Cherokee GROWTH: ICONIC NAMEPLATES RETURN IN NORTH AMERICA OCTOBER 30, 2025 8Q3 2025 REVENUES |
Page 9
Exciting All-New Products To Launch Q4 '25 GROWTH: PRODUCT OFFENSIVE IN LARGEST EUROPEAN SEGMENT Jeep® Compass Clear Opportunities - EU30 C-Segment and A-Segment Popular C-SUV Expands Choice to Now Include BEV, PHEV & MHEV OCTOBER 30, 2025 9Q3 2025 REVENUES | Fiat 500 MHEV Fiat 500 to Now Offer Both ICE and BEV Powertrains
Page 10
Q3 '25 PROGRESS POINTS: • U.S. sales +6% y-o-y, largely driven by Jeep® Wrangler, Gladiator and Wagoneer, up 18%, 43% and 122%, respectively • Total NA order book up >200% y-o-y at Sep 30 '25 • NA market share of 7.4%, +40bps vs. Q2 '25, with U.S. market share of 7.8%, +50bps vs. Q2 '25 • Launched 2 new Ram offerings: 1500 HEMI® V-8 and Express trim • Jeep® Cherokee & Dodge SIXPACK-Powered 2/4 Door Charger revealed in Aug '25; Dodge 2 door Scat Pack Charger sold out MY26 production NEXT STEPS: • Q4 '25 launch of updated Jeep® Grand Wagoneer, sets stage for breakthrough range extender powertrain model to follow • Q4 '25 launch of all-new Jeep® Cherokee; Brand's first HEV powertrain North America Update COMMERCIAL PROGRESS: NORTH AMERICA OCTOBER 30, 2025 Ram Express 2500 10Q3 2025 REVENUES |
Page 11
Q3 '25 PROGRESS POINTS: • B-segment EU30 market share at 22.8% up 230bps y-o-y, driven by continued roll out of 4 new Smart Car launches across EE • Leader in European LCV and BEV LCV markets, with 28.0% and 17.3% EU30 market share, respectively • Remains EU30 market leader in total hybrid sales (including PHEV and HEV), with 15.2% EU30 market share YTD '25 Q3 '25 CHALLENGES: • EU30 market share -70bps y-o-y, in part due to our higher exposure to French, Italian and overall European LCV markets NEXT STEPS: • Q4 '25 launch of Jeep® Compass and Fiat 500 MHEV • Continue intensive engagement with European institutions to secure rapid regulatory changes Enlarged Europe Update COMMERCIAL PROGRESS: ENLARGED EUROPE OCTOBER 30, 2025 11Q3 2025 REVENUES | Citroën C5 Aircross
Page 12
PROFITABILITY: TAKING DECISIVE ACTIONS HEMI® V-8 to Enhance Ram Profitability Recap from H1 '25 Actions to Support Greater Efficiency/Profitability Return of SRT Lineup Advancing Ramp Up of European Smart Car Products Benefits to Net Pricing from Improved Inventory Discipline Technical Focus on Optimizing Total Production Cost MY 2026 Products Each Targeting Margin Accretion OCTOBER 30, 2025 12Q3 2025 REVENUES |
Page 13
PROFITABILITY: TAKING DECISIVE ACTIONS HEMI® V-8 to Enhance Ram Profitability Progress Made in Q3 '25 and Continuing OCTOBER 30, 2025 • Arrived at dealers in Sep '25 • Projecting >25% of Ram 1500 to feature HEMI V-8 • Shipments of 78k units in Q3 '25, +57k units y-o-y • Fiat Grande Panda: EE orders open for all powertrains Return of SRT Lineup • Dodge Durango SRT Hellcat launches in Q4 '25 • Multiple SRT products to launch by 2030 ✔ ✔ ✔ 13Q3 2025 REVENUES | Advancing Ramp Up of European Smart Car Products (1) Based on initial units sold by dealers through September 30, 2025
Page 14
North AmericaEnlarged Europe South America Middle East & Africa Launch of compact van production at Oran Plant in Algeria Strengthening Commercial Vehicle Position OCTOBER 30, 2025 14Q3 2025 REVENUES | #3 In the Region 5.7L HEMI® V-8 makes powerful return to Ram 1500 #2 In the Region #1 In the Region #1 In the Region Expanding presence of mid- size pickup with reveal of new Ram Dakota Delivering customized products with high-quality standards, reduced time and cost • Commercial Vehicles include vans, light and heavy-duty trucks and passenger vehicles registered or converted for commercial use. Region rankings as of Q3 2025 Ram Dakota Fiat Doblo Ram 1500Fiat Professional Ducato
Page 15
Advancing Global Robotaxi Strategy OCTOBER 30, 2025 Q3 2025 REVENUES | 15 More to Come • Jointly develop L4 AVs integrating Stellantis mid-size LCV AV-Ready BEV • Test vehicles to be deployed Q1 '26 in Luxembourg, European rollout to follow • Builds on mid-size LCV and STLA Small • Combines engineering, AI, ride-hailing and electronics into a scalable solution • Uber plans to deploy AVs with SOP 2028 Reinforcing Approach to Collaboration with Leading Partners Building on Stellantis AV-Ready Platforms What's Been Done
Page 16
Major U.S. Investment Plans OCTOBER 30, 2025 Q3 2025 REVENUES | 16
Page 17
OCTOBER 30, 2025 • Grow in U.S. market by increasing how we leverage existing U.S. footprint • Introduction of 5 new vehicles; plus complete renewal of current lineup • Advances multi-energy strategy, giving customers the freedom to choose products they want • Brings >5,000 American jobs to the states we call home • Creating opportunities for suppliers and dealers 17Q3 2025 REVENUES | U.S. Production by 50% With Five New Vehicle Launches and 19 Product Actions Over Next Four Years, Adding More Than 5,000 New Jobs at Plants in Illinois, Ohio, Michigan and Indiana • • Belvidere, Illinois, plant to reopen for production of two new Jeep® vehicles • All-new midsize truck to be assembled in Toledo, Ohio • Warren, Michigan, plant to produce all-new range- extended EV and internal combustion engine large SUV • Next-generation Dodge Durango to be built in Detroit • Kokomo, Indiana, facilities to produce all-new GMET4 EVO engine $13B* INVESTMENT IN U.S. OPERATIONS OVER 4 YEARS *CapEx includes all research and development costs, as well as supplier tooling associated with bringing products to market Stellantis Announces Major U.S. Investment Plans +50% INCREASE IN FINISHED VEHICLE PRODUCTION
Page 18
Strengthening an American Icon • Q3 U.S. sales +11% y-o-y • Q4 brings all-new Cherokee and refreshed Grand Cherokee and Grand Wagoneer • New products increase Jeep portfolio coverage of the U.S. mainstream SUV market* from ~55% to ~95% • Combining Cherokee and Compass into Belvidere, Indiana plant, increasing utilization of U.S. manufacturing footprint • Bringing additional technologies and strong product actions for both Wrangler and Gladiator • Creating opportunity with strong offensive in sub-$40k U.S. market with Cherokee and Compass • Comprehensive coverage of largest mid-size SUV segment with Cherokee & Recon • Breadth of lineup increases, enabling true powertrain freedom of choice Growth Plans Accelerated by Planned $13 Billion Investment Building Momentum in 2025 Investment Raises Potential Mid/Long-Term Products OCTOBER 30, 2025 18Q3 2025 REVENUES |
Page 19
Best Truck Brand in the World Growth Plans Accelerated by Planned $13 Billion Investment • U.S. retail sales +26% y-o-y, gaining +2ppts of retail market share* • Return of the HEMI® V-8 to Ram 1500 • Product actions in the <$50k vehicle segment (Express) • Launched refreshed HD in Q1 • Return to mid-size pickup segment in 2028 with investment in the Toledo Assembly Complex in Ohio • Entering large-SUV segment in 2028 • Comprehensive coverage with HD, LD and mid-size trucks in U.S., smaller truck segments covered in other markets • Leading on innovation with industry's first range extender LD truck in 2026 • Unbridled passion, introducing 2 SRT products within next 90 days Building Momentum in 2025 Investment Raises Potential Mid/Long-Term Products Refer to Appendix for definitions and notes to the presentation OCTOBER 30, 2025 19Q3 2025 REVENUES |*In relevant segments (LD Truck, HD Truck, Large Van, Med/Heavy Buses)
Page 20
Financial Review Citroën C5 Aircross OCTOBER 30, 2025 20Q3 2025 REVENUES |
Page 21
OCTOBER 30, 2025 Q3 2025 Q3 2024 % Change YTD 2025 YTD 2024 % Change Combined Shipments(1) (000 units) 1,334 1,174 14% 4,024 4,105 (2)% Consolidated Shipments(1) (000 units) 1,300 1,148 13% 3,964 4,020 (1)% Net Revenues (€ billion) 37.2 33.0 13% 111.5 118.0 (6)% • Consolidated Shipments up 13% y-o-y, reflecting improvements in NA of 35% and 8% in EE; NA increase largely due to 2025 normalized inventory dynamics, vs. 2024 reduction initiatives, which temporarily reduced production • Net Revenues up 13% y-o-y, primarily driven by growth in NA, EE and MEA, partially offset by a moderate decrease in SA and negative FX impacts of U.S. Dollar, Turkish Lira and Brazilian Real to Euro NET REVENUES RETURN TO TOP-LINE GROWTH: UP 13% Y-O-Y (1) Combined Shipments include shipments by the Company‘s consolidated subsidiaries and unconsolidated JVs, whereas Consolidated Shipments only include shipments by the Company‘s consolidated subsidiaries. Consolidated Shipments includes the vehicles produced by our joint ventures and associates (including Leapmotor) which are distributed by our consolidated subsidiaries. In addition to the volumes included in Consolidated Shipments, Combined Shipments also includes the vehicles distributed by our unconsolidated JVs (such as Tofas) 21Q3 2025 REVENUES |
Page 22
OCTOBER 30, 2025 Q3 2025 NET REVENUES UP 13% Y-O-Y, PRIMARILY DUE TO VOLUME AND MIX 37.2 33.0 5.3 0.5 (1.7) 0.1 Q3 2024 Volume & Mix Vehicle Net Price FX Translation Other Q3 2025 € billion NET REVENUES Figures may not add due to rounding 13% 22Q3 2025 REVENUES |
Page 23
Q3 '25 REGIONAL REVIEW OCTOBER 30, 2025 Dodge Charger Ram 1500 MIDDLE EAST & AFRICASOUTH AMERICA NORTH AMERICA Q3 '25 Brings Y-o-Y Net Revenue Improvement in NA, EE and MEA CHINA AND INDIA & ASIA PACIFIC ENLARGED EUROPE 23Q3 2025 REVENUES | Shipments presented represent Consolidated shipments. Refer to Appendix for definitions and notes to the presentation Shipments: Net Revenues: Market Share: +35% +29% +0bps 403k €16.0B 7.4% Shipments: Net Revenues: EU30 Market Share: +8% +4% -70bps 534k €13.0B 15.4% Shipments: Net Revenues: Market Share: -3% -5% -180bps 252k €4.0B 22.1% Shipments: Net Revenues: Market Share: +21% +9% +180bps 94k €2.1B 12.0% Shipments: Net Revenues: +7% +0.2% 15k €0.4B
Page 24
956 967 877 909 889 374 224 333 298 363 Sep 30 '24 Dec 31 '24 Mar 31 '25 Jun 30 '25 Sep 30 '25 NEW VEHICLE INVENTORY: MAINTAINING LEVELS; BENEFITTING FROM STRONG DISCIPLINE Independent dealers Company 1,210 Sequential Development 000 units 1,330 • Company inventory declined slightly vs. Q3 '24, driven by decrease in Middle East & Africa, partially offset by South America • Independent dealer stock contracted vs. Q3 '24, driven principally by North America, reflecting benefits of normalized inventory dynamics • Sequential inventory increase vs. Q2 '25, reflects 4% increase primarily in North America where inventory reflects portfolio expansion to include the new HEMI V-8-powered Ram 1500 and Express models OCTOBER 30, 2025 1,191 Refer to Appendix for definitions and notes to the presentation 1,207 1,252 24Q3 2025 REVENUES |
Page 25
LOOKING FORWARD & 2025 CONSIDERATIONS Opel Corsa GSE Vision Gran Turismo OCTOBER 30, 2025 25Q3 2025 REVENUES |
Page 26
OCTOBER 30, 2025 Affirming Financial Guidance Refer to Appendix for definitions of supplemental financial measures and reconciliations to applicable IFRS metric AOI Margin Low-Single Digits Improved vs. H1 '25 Increased vs. H1 '25Net Revenues Industrial FCF H2 2025 FINANCIAL GUIDANCE H2 '25 • Tariff policies in place as of Oct 30 '25, with 2025 estimated net tariff expense now expected to be approximately €1.0B • No major impact from supply chain disruptions • As we continue making important and necessary changes to our strategic and product plans, also in response to regulatory, geopolitical, macro-economic and other external and internal developments, we anticipate incurring charges in H2 2025, which, once finalized, we expect will largely be excluded from AOI • We have also initiated a review of our warranty estimation process, which we expect to result in changes in those estimates and one-off charges in H2 2025 Key Considerations & Assumptions 26Q3 2025 REVENUES |
Page 27
$13B U.S. Investment Marks Powerful Change Affirming H2 2025 Outlook Q3 Delivers Return to Top-Line Growth Ram 1500 RHO Commercial Performance Progressing
Page 28
APPENDIX Dodge Durango Dodge Charger OCTOBER 30, 2025 28Q3 2025 REVENUES |
Page 29
DEFINITIONS AND NOTES TO PRESENTATION For purposes of this presentation, and unless otherwise stated: NA = North America, U.S. = United States, EE = Enlarged Europe, SA = South America, MEA = Middle East & Africa, IAP = India & Asia Pacific EU30 = EU 27 (excluding Malta), Iceland, Norway, Switzerland and UK U.S. PHEV rankings are per S&P Global 2024 vehicle registrations (most current data available); PC + light-duty trucks Rankings, market share and other industry information are for passenger cars (PC) plus light commercial vehicles (LCV) and for the full year unless otherwise stated. Information is derived from third-party industry sources (e.g. Agence Nationale des Titres Sécurisés (ANTS), Associação Nacional dos Fabricantes de Veículos Automotores (ANFAVEA), Ministry of Infrastructure and Sustainable Mobility (MIMS), S&P Global, Ward’s Automotive) and internal information unless otherwise stated All Stellantis reported BEV sales include Citroën Ami, Opel Rocks-e and Fiat Topolino; in countries where these vehicles are classified as quadricycles, they are excluded from Stellantis reported combined sales, industry sales and market share figures SRT = Street and Racing Technology HD = Heavy duty, LD = Light duty MY = Model year Other activities = primarily consists of our pre-owned car business, mobility businesses through the brands Free2move and Share Now, the Company's software and data businesses, and other investments, including Archer, as well as the financial services activities of dealer and customer financing primarily in North America, Enlarged Europe, South America and China and until December 2024, the Company’s industrial automation systems design and production business, operating under the Comau brand name. Also included are our companies that provide services, including accounting, payroll, tax, insurance, purchasing, information technology, facility management and security for the Company and management of central treasury activities OCTOBER 30, 2025 29Q3 2025 REVENUES |
Page 30
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 results and enhance the overall ability to assess our financial performance and financial position. These measures provide comparable measures which facilitate management’s ability to identify operational trends, as well as make decisions regarding future spending, resource allocations and other operational decisions. The non-GAAP measure, Adjusted diluted EPS is also presented, which is not used to monitor our operations but which we believe provides investors with a more meaningful comparison of the Company’s ongoing quality of earnings. These and similar measures are widely used in the industry in which the Company operates, however, these financial measures may not be comparable to other similarly titled measures of other companies and are not intended to be substitutes for measures of financial performance as prepared in accordance with International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB), as well as IFRS as adopted by the European Union. Stellantis’ non-GAAP financial measures are defined as follows: • Adjusted Operating Income/(Loss) excludes from Net profit/(loss) adjustments comprising restructuring and other termination costs, impairments, asset write-offs, disposals of investments and unusual operating income/(expense) that are considered rare or discrete events and are infrequent in nature, as inclusion of such items is not considered to be indicative of the Company's ongoing operating performance, and also excludes Net financial expenses/(income) and Tax expense/(benefit). 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 operating income/(expense) includes, but may not be limited to: impacts from strategic decisions to rationalize Stellantis' core operations; facility-related costs stemming from Stellantis' plans to match production capacity and cost structure to market demand, and convergence and integration costs directly related to significant acquisitions or mergers. • Adjusted Operating Income/(Loss) Margin is calculated as Adjusted operating income/(loss) divided by Net revenues • Industrial Free Cash Flows is our key cash flow metric and is calculated as Cash flows from operating activities less: (i) cash flows from operating activities from discontinued operations; (ii) cash flows from operating activities related to financial services, net of eliminations; (iii) investments in property, plant and equipment and intangible assets for industrial activities, (iv) contributions of equity to joint ventures and minor acquisitions of consolidated subsidiaries and equity method and other investments; and adjusted for: (i) net intercompany payments between continuing operations and discontinued operations; (ii) proceeds from disposal of assets and (iii) contributions to defined benefit pension plans, net of tax. The timing of Industrial free cash flows may be affected by the timing of monetization of receivables, factoring and the payment of accounts payables, as well as changes in other components of working capital, which can vary from period to period due to, among other things, cash management initiatives and other factors, some of which may be outside of the Company’s control. In addition Industrial free cash flows is one of the metrics used in the determination of the annual performance for eligible employees, including members of the Senior Management. • Adjusted Diluted Earnings Per Share (“EPS") is calculated by adjusting Diluted earnings per share for the post-tax impact per share of the same items excluded from Adjusted operating income as well as tax expense/(benefit) items that are considered rare or infrequent, or whose nature would distort the presentation of the ongoing tax charge of the Company. We believe this non-GAAP measure is useful because it also excludes items that we do not believe are indicative of the Company’s ongoing operating performance and provides investors with a more meaningful comparison of the Company’s ongoing quality of earnings. Adjusted diluted EPS should not be considered as a substitute for Basic earnings per share, Diluted earnings per share from operations or other methods of analyzing our quality of earnings as reported under IFRS. • Industrial Net Financial Position is calculated as Debt plus derivative financial liabilities related to industrial activities less (i) cash and cash equivalents; (ii) financial securities that are considered liquid; (iii) current financial receivables from the Company or its jointly controlled financial services entities and (iv) derivative financial assets and collateral deposits. Therefore, debt, cash and cash equivalents and other financial assets/liabilities pertaining to Stellantis’ financial services entities are excluded from the computation of the Industrial net financial position. Industrial net financial position includes the Industrial net financial position classified as held for sale. OCTOBER 30, 2025 30Q3 2025 REVENUES |
Page 31
Q3 KEY COMMERCIAL METRICS ENLARGED EUROPE MIDDLE EAST & AFRICA NORTH AMERICA CHINASOUTH AMERICA Q3 2024 Q3 2025 MARKET SHARE (1) 7.4% 7.4% 14.4% 15.3% 12.0% 10.2% 22.1% 23.9% 0.4% 0.4% 0.1% 0.2% 1.5% 1.4% Q3 INDUSTRY (1) (2025 vs. 2024) +5% +9% +4% +9% +3% +3% (17)% 000 units COMBINED SALES INDIA & ASIA PACIFICTOTAL (1) Industry and market share information is derived from third-party industry sources (e.g. Agence Nationale des Titres Sécurisés (ANTS), Associação Nacional dos Fabricantes de Veículos Automotores (ANFAVEA), Ministry of Infrastructure and Sustainable Mobility (MIMS), Ward’s Automotive) and internal information. Represents PC and LCVs, except as noted below: • Enlarged Europe excludes Russia and Belarus. From 2025, this includes Israel and Palestine (prior periods have not been restated); • Middle East & Africa exclude Iran, Sudan and Syria. From 2025, this excludes Israel and Palestine (prior periods have not been restated); • South America excludes Cuba; • India & Asia Pacific reflects aggregate for major markets where Stellantis competes (Japan (PC), India (PC), South Korea (PC + Pickups), Australia, New Zealand and South East Asia); • China represents PC only and includes licensed sales from DPCA; and • Maserati reflects aggregate for 17 major markets where Maserati competes and is derived from S&P Global data, Maserati competitive segment and internal information Figures may not add due to rounding. Prior period figures have been updated to reflect current information provided by third party industry sources. OCTOBER 30, 2025 31 1,350 374 559 131 259 16 9 2 1,297 358 544 106 259 16 10 3Q3 2025 REVENUES |
Page 32
YTD KEY COMMERCIAL METRICS ENLARGED EUROPE MIDDLE EAST & AFRICA NORTH AMERICA CHINASOUTH AMERICA YTD 2024 YTD 2025 MARKET SHARE (1) 7.2% 7.9% 15.6% 16.9% 11.9% 12.2% 23.0% 23.2% 0.4% 0.5% 0.2% 0.2% 1.5% 1.7% YTD INDUSTRY (1) (2025 vs. 2024) +4% +2% +1% +12% +3% +7% (16)% 000 units COMBINED SALES INDIA & ASIA PACIFICTOTAL OCTOBER 30, 2025 32 4,165 1,078 1,892 375 736 45 31 9 4,289 1,150 2,002 378 663 49 36 12Q3 2025 REVENUES | (1) Industry and market share information is derived from third-party industry sources (e.g. Agence Nationale des Titres Sécurisés (ANTS), Associação Nacional dos Fabricantes de Veículos Automotores (ANFAVEA), Ministry of Infrastructure and Sustainable Mobility (MIMS), Ward’s Automotive) and internal information. Represents PC and LCVs, except as noted below: • Enlarged Europe excludes Russia and Belarus. From 2025, this includes Israel and Palestine (prior periods have not been restated); • Middle East & Africa exclude Iran, Sudan and Syria. From 2025, this excludes Israel and Palestine (prior periods have not been restated); • South America excludes Cuba; • India & Asia Pacific reflects aggregate for major markets where Stellantis competes (Japan (PC), India (PC), South Korea (PC + Pickups), Australia, New Zealand and South East Asia); • China represents PC only and includes licensed sales from Dongfeng Peugeot Citroën Automobiles ("DPCA"); and • Maserati reflects aggregate for 17 major markets where Maserati competes and is derived from S&P Global data, Maserati competitive segment and internal information Figures may not add due to rounding. Prior period figures have been updated to reflect current information provided by third party industry sources.
Page 33
OCTOBER 30, 2025 YTD '25 REVENUES DOWN 5.5% Y-O-Y, PRIMARILY DRIVEN BY FX HEADWINDS, VOLUME & MIX 111.5118.0 (1.6) (1.7) (3.6) 0.4 YTD 2024 Volume & Mix Vehicle Net Price FX Translation Other YTD 2025 € billion NET REVENUES Figures may not add due to rounding (5.5)% 33Q3 2025 REVENUES |
Page 34
Shipments 403 299 Q3 '25 Q3 '24 Net Revenues 16.0 12.4 Q3 '25 Q3 '24 NORTH AMERICA ENLARGED EUROPE Shipments 534 496 Q3 '25 Q3 '24 Net Revenues 13.0 12.5 Q3 '25 Q3 '24 MIDDLE EAST & AFRICA Combined Shipments 94 78 34 26 Q3 '25 Q3 '24 Net Revenues 2.1 1.9 Q3 '25 Q3 '24 (000 units) Shipments +35%, reflects the benefits of normalized inventory dynamics in comparison to the prior year’s inventory reduction initiative, which temporarily reduced production Shipments +8%, primarily driven by increases in the B segment nameplates: Citroën C3, Citroën C3 Aircross, Opel/ Vauxhall Frontera and Fiat Grande Panda Consolidated Shipments +21%, primarily driven by production growth in Algeria, where local production of FIAT products has been expanding, as well as positive market developments in Türkiye and Egypt Net Revenues +29%, primarily driven by increased volume, specifically in Jeep® Wrangler and Ram light duty trucks, partially offset by unfavorable FX translation headwinds Net Revenues +4%, due to higher shipment volumes and improved mix, partially offset by higher incentives and unfavorable FX translation headwinds Net Revenues +9%, driven by higher shipment volumes in Algeria, Türkiye and Egypt combined with positive net price, partially offset by negative translation effects related to the Turkish Lira (000 units) (000 units)(€ billion) (€ billion) (€ billion) Q3 '25 RESULTS 128 104 34OCTOBER 30, 2025 Q3 2025 REVENUES |
Page 35
Shipments -3%, primarily reflects an unusually high comparison base in Q3 '24, when Stellantis recovered Brazilian shipments that had been delayed by the Q2 '24 flood in Rio Grande do Sul Shipments +7%, driven by an increase in IAP, particularly in New Zealand and Japanese markets, despite challenging economic pressures Shipments -14%, resulting from a significantly reduced product portfolio Net Revenues -5%, driven by lower volumes in Brazil vs. prior year's elevated levels from Q2 '24 flood recovery as well as unfavorable FX translation effects from Brazilian Real and Argentine Peso, partially offset by positive net price and mix impacts Net Revenues +0.2%, due to higher shipments and mix in IAP and favorable y-o-y pricing in China, offset by lower volume of parts and services in China and unfavorable FX translation impacts Net Revenues -4%, primarily due to lower shipment volumes, unfavorable FX translation impacts, partially offset by higher mix SOUTH AMERICA Shipments 252 259 Q3 '25 Q3 '24 Net Revenues 4.0 4.2 Q3 '25 Q3 '24 CHINA AND INDIA & ASIA PACIFIC MASERATI Shipments 1.8 2.1 Q3 '25 Q3 '24 Net Revenues 0.2 0.2 Q3 '25 Q3 '24 Shipments 15 14 Q3 '25 Q3 '24 Net Revenues 0.4 0.4 Q3 '25 Q3 '24 (000 units)(000 units) (000 units)(€ billion) (€ billion) (€ billion) Q3 '25 RESULTS 35OCTOBER 30, 2025 Q3 2025 REVENUES |
Page 36
Combined Shipments 319 292 60 85 YTD '25 YTD '24 Shipments 1,050 1,137 YTD '25 YTD '24 Net Revenues 44.2 50.8 YTD '25 YTD '24 NORTH AMERICA ENLARGED EUROPE Shipments 1,823 1,883 YTD '25 YTD '24 Net Revenues 42.2 42.5 YTD '25 YTD '24 MIDDLE EAST & AFRICA Net Revenues 7.0 6.9 YTD '25 YTD '24 (000 units) (000 units) (000 units)(€ billion) (€ billion) (€ billion) YTD SHIPMENTS AND NET REVENUES BY SEGMENT 36OCTOBER 30, 2025 Q3 2025 REVENUES | 377 SOUTH AMERICA Shipments 723 653 YTD '25 YTD '24 Net Revenues 11.8 11.6 YTD '25 YTD '24 CHINA AND INDIA & ASIA PACIFIC MASERATI Shipments 6.0 8.6 YTD '25 YTD '24 Net Revenues 0.6 0.8 YTD '25 YTD '24 Net Revenues 1.4 1.5 YTD '25 YTD '24 (000 units) (000 units)(€ billion) (€ billion) (€ billion) Shipments 43 46 YTD '25 YTD '24 379 (000 units)
Page 37
RECONCILIATION OF NET REVENUES FROM EXTERNAL CUSTOMERS TO NET REVENUES 37 Q3 2025 € million North America Enlarged Europe Middle East & Africa South America China and India & Asia Pacific Maserati Other(1) Stellantis Net Revenues from External Customers 16,039 12,933 2,046 3,927 427 186 1,648 37,206 Net Revenues from Transactions with Other Segments 8 40 7 62 — 2 (119) — Net Revenues 16,047 12,973 2,053 3,989 427 188 1,529 37,206 (1) Other activities, unallocated items and eliminations OCTOBER 30, 2025 Q3 2024 € million North America Enlarged Europe Middle East & Africa South America China and India & Asia Pacific Maserati Other(1) Stellantis Net Revenues from External Customers 12,424 12,458 1,892 4,216 426 193 1,351 32,960 Net Revenues from Transactions with Other Segments 1 24 — (1) — 2 (26) — Net Revenues 12,425 12,482 1,892 4,215 426 195 1,325 32,960 Q3 2025 REVENUES |
Page 38
RECONCILIATION OF NET REVENUES FROM EXTERNAL CUSTOMERS TO NET REVENUES 38 YTD 2025 € million North America Enlarged Europe Middle East & Africa South America China and India & Asia Pacific Maserati Other(1) Stellantis Net Revenues from External Customers 44,237 42,096 6,984 11,623 1,346 554 4,627 111,467 Net Revenues from Transactions with Other Segments 8 118 13 135 4 3 (281) — Net Revenues 44,245 42,214 6,997 11,758 1,350 557 4,346 111,467 (1) Other activities, unallocated items and eliminations OCTOBER 30, 2025 YTD 2024 € million North America Enlarged Europe Middle East & Africa South America China and India & Asia Pacific Maserati Other(1) Stellantis Net Revenues from External Customers 50,775 42,306 6,897 11,589 1,497 824 4,089 117,977 Net Revenues from Transactions with Other Segments 3 145 — (7) 1 2 (144) — Net Revenues 50,778 42,451 6,897 11,582 1,498 826 3,945 117,977 Q3 2025 REVENUES |