________________________________________________________________________________________________________________________________________________Presenta that the reported knowledge is unaudited. Reference will be made to the “Safe Harbor Statement” segment elsewhere herein.
AMSTERDAM, October 31, 2023 – Stellantis N. V. continued its momentum in the third quarter of 2023, posting a 7% year-over-year increase in net sales, driven by strong and continued shipments. The company’s “third mover”(5) delivered 25% year-over-year earnings growth. Global BEV sales increased by 37% through the third quarter of 2022, driven by the following vehicles: Jeep® Avenger, Citroën Ami, Peugeot E-208, Fiat New 500e and Citroën ë-Berlingo. Key activities undertaken to achieve the Dare Forward 2030 strategic plan include:
Technology: Peugeot has unveiled the first application of STLA Medium, the first of Stellantis’ 4 global BEVs across design platforms, with the new E-3008, providing best-in-class diversity of up to 700km, charging time, performance and power. and the pleasure of driving. Fiat returns to the B-segment, paving the way for sustainable urban mobility, with the new 600 km, equipped with protective elements and an electrical diversity of more than 400 km (WLTP(6) combined) and more than 600 kilometers (WLTP(6) urban cycle) in the city. Fiat also presented the new Topolino micromobility, which offers a range of 75 km and a safe top speed of 45 km/h. The company also announced the start of all-electric van production at Ellesmere Port, the UK’s first committed company. Dedicated volume production facility for electric vehicles and the world’s first committed Stellantis EV plant.
The all-electric Citroën ë-C3 will soon hit the market. The ë-C3, Europe’s first affordable electric car, offers best-in-class comfort and easy electric diversity thanks to a 44 kWh battery that provides up to 320 km (199 miles). WLTP(6), at fair and net costs in many European markets, starting at €23,300.
Stellantis celebrated the opening of its battery generation center at the Mirafiori complex in Turin, Italy. The center complements the company’s functions to design, expand and test batteries, modules, high-voltage cells and software to power long-life Stellantis-branded vehicles.
The Company continued its global electrification ecosystem and contributed to its carbon neutrality ambitions: (i) concluded trials with Aramco on the compatibility of 24 engine families to use complex eFuels, which will reduce CO2 emissions across 28 million potential Stellantis cars. road; (ii) present with Saft the Integrated Intelligent Battery System, which the project team aims to commercialize in Stellantis cars before the end of this decade; (iii) announce plans for a sixth gigafactory globally to support its ambitious electrification plan to secure approximately 400 GWh of battery capacity; It will be the second facility built in the U. S. U. S. with Samsung SDI; (iv) invest in Controlled Thermal Resources Holdings Inc. ‘s Hell’s Kitchen allocation. to produce up to 300,000 metric tons of lithium carbonate equivalent each year; and (v) complete its acquisition of 33. 3% of Symbio, a leader in zero-emission hydrogen mobility, to help solidify Stellantis’ leadership position in hydrogen vehicles.
Stellantis is also implementing a multi-faceted strategy designed to manage and protect the long-term source of important microchips, achieving the goals set out in Dare Forward 2030. Stellantis’ strategy combines agreements with chipmakers for critical semiconductors, the procurement of critical parts, and complete visibility into long-term chip needs.
The Company repurchased €500 million of percentages in the third quarter of 2023. In the nine months ended September 30, 2023, €1. 2 billion of percentages were repurchased. The Company expects to complete the 2023 percentage buyback program of €1. 5 billion announced in the fourth quarter. of 2023.
In October 2023, the company announced plans to acquire approximately 20% of Leapmotor for approximately €1. 5 billion and form Leapmotor International, a 51/49 joint venture led by Stellantis with exclusive rights to export, sell and manufacture Leapmotor products. of the gates of Greater China.
In October 2023, the Company introduced Pro One as the enhanced strategic offensive of its advertising vehicles business to achieve global leadership, encompassing the commercial offerings of six iconic Stellantis brands: Citroën, FIAT Professional, Opel, Peugeot, Ram and Vauxhall , and to achieve the objectives of the Dare Forward 2030 strategic plan.
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About Stellantis
Stellantis N. V. (NYSE: STLA/ Euronext Milan: STLAM/ Euronext Paris: STLAP) is one of the world’s leading automotive brands and mobility providers. Its historic and iconic brands reflect the passion of its visionary founders and current consumers for its cutting-edge products and services, including Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS Automobiles, Fiat, Jeep, Lancia®, MaseratiArray Opel, Peugeot, Ram, Opel, Free2move and Leasys. With our diversity, we are leading the way globally: aspiring to be the largest sustainable mobility generation company, not the largest, while creating an aggregate price for all stakeholders, as well as the communities in which it operates. For more information, scale in www. stellantis. com.
Contacts: comunicaciones@stellantis. com or invest. relations@stellantis. com
Reconciliations Net Profit from External to Net Profit
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(*) Other Activities, Unassigned Parts, and Deletions
REMARKS
(1) Combined shipments include shipments from the Company’s consolidated subsidiaries and unconsolidated joint ventures, while consolidated shipments include only shipments from the Company’s consolidated subsidiaries. Segment numbers may not load due to rounding. (2) Adjusted operating source of income excludes net source of income from replacements by adding restructurings, impairments, asset write-offs, investment disposals and unusual operating effects. ) which are considered infrequent or discrete occasions and are infrequent in nature as the inclusion of such parts is not considered an indication of the Company’s continued operational functionality and also excludes net monetary expenses/(source of income) and tax charges/(get advantages). As of January 1, 2023, our adjusted operating source of revenue includes the percentage of source revenue from companies with fair accounting. The comparisons of the respective eras for 2022 have been adjusted accordingly. This update was implemented because the controller believes that these effects are increasingly applicable due to the number of partnerships that Stellantis has recently interacted with, and will continue to interact with in the long term, around electrification and other critical spaces for the future. of mobility. Unusual operating sources of income/(expenses) are effects of strategic decisions, as well as occasions considered to be infrequent or discrete and infrequent in nature, as the inclusion of those pieces is not considered an indication of the continued operational functionality of the company. Company. Unusual operating sources of income/(expenses) come with, but are not limited to: the effects of strategic decisions to optimize Stellantis’ core operations; service prices arising from Stellantis’ plans to adapt production capacity and charge design to market demand, as well as convergence and integration prices directly similar to significant acquisitions or mergers. (3) Industrial loose change is calculated as cash from operating activities less: cash from operating activities from discontinued operations; money from operating activities of money centers, net of eliminations; investments in tangible and intangible assets intended for commercial activities; equity contributions to joint ventures and minor acquisitions of consolidated and fairly accounted for subsidiaries and other interests; and adjusted for: net intercorporate invoices between ongoing operations and discontinued operations; Income from asset sales and contributions to pension plans with explained benefits, net of taxes. The timing of loose trade money would likely be affected by the timing of accounts receivable monetization, factoring and payment of accounts payable, as well as replenishments in other parts of current capital, which would likely vary from time to time. era to another. to the other in reason, among other things. Money control projects and other factors, some of which would possibly be outside the Company’s control. (4) Source: IHS Global Insight, Wards, China Passenger Car Association and corporate estimates(5) Refers to the aggregation of the South America and Middle East, East, Africa, China, India and Asia Pacific segments for presentation purposes only (6) Harmonized Global Test Cycle for Light Vehicles.
For the purposes of this document, and unless otherwise specified, industry and market percentage data relates to passenger cars (PCs) and light commercial vehicles (LCVs), unless otherwise stated below:
Figures from previous periods have been updated to reflect existing data provided through third-party industry sources.
Commercial vehicles include vans, light and heavy trucks, and passenger cars registered or transferred for advertising purposes.
EU30 = EU 27 (excluding Malta), Iceland, Norway, Switzerland and the United Kingdom.
SECURITY STATEMENT
This document, with specific references to the “Fiscal Year 2023 Guidance,” comprises forward-looking statements. In particular, statements relating to the Company’s long-term financial functionality and expectations to achieve certain specific indicators, aggregate revenues, loose business cash flow, vehicle shipments, capital investments, production costs, studies and progression and other expenses at or for any long term. Date. era are forward-looking statements. These statements would possibly come with words like “possibly,” “will,” “hope,” “could,” “intend,” “estimate,” “anticipate,” “believe” array “stay,” “on the right path. “”, “design”, “goal”, “objective”, “goal”, “forecast”, “projection”, “perspective”, “perspective”, “perspective”, “plan” or similar terms. Forward-looking statements are not promises of long-term functionality. Rather, they are based on the Company’s existing state of knowledge, long-term expectations and projections related to long-term events and, by their nature, are subject to inherent risks and incertainties. They relate to occasions and have cases that would possibly happen or not exist in the long run and, as such, cannot be unduly trusted.
Actual effects would likely differ materially from those expressed in the forward-looking statements due to various factors, including: the Company’s ability to effectively launch new products and maintain vehicle shipment volumes; changes in global financial markets, the general economic environment and changes in demand for automotive products, which is subject to cyclicality; the Company’s ability to realize the expected benefits of the merger; the Company’s ability to offer innovative, cutting-edge, uncooked products and to develop, manufacture and sell automobiles with complex functionalities, adding enhanced electrification, connectivity and autonomous driving features; the continued impact of unfilled semiconductor orders; the Company’s ability to effectively manage the industry-wide transition from internal combustion engines to full electrification; the Company’s ability to produce or acquire electric batteries with performance, competitive prices and in the required volumes; a significant malfunction, interruption or security breach that compromises the computer systems or electronic control systems contained in the Company’s automobiles; fluctuations in currency exchange rates, adjustments in interest rates, credit threats and other market threats; load accumulation, supply interruptions or shortages of raw materials, spare parts, parts and systems used in the Company’s automobiles; adjustments in local economic and political conditions; adjustments in industrial policy, the imposition of global and regional price lists or specific price lists on the automobile industry, the enactment of tax reforms or other adjustments to tax legislation and regulations; the goal of government economic incentives to help the adoption of battery electric cars; various types of claims, lawsuits, government investigations and other contingencies, including claims for damages and product warranties and environmental claims, investigations and proceedings; significant operating expenses such as compliance with environmental, health and safety regulations; the festival point in the automobile industry, which is likely to be accentuated due to consolidation and the access of new entrants; the Company’s ability to retain and retain experienced employees and management; exposure to investment shortfalls of the Company’s explained benefit pension plans; the Company’s ability to obtain or establish access to sufficiently good financing for distributors and retail consumers and relevant threats with the formation and operations of money services companies; the Company’s ability to access financing to execute its business plan; the Company’s ability to realize the expected benefits of joint venture agreements; disruptions resulting from political, social and economic instabilities; relevant threats to the Company’s relationships with employees, distributors and suppliers; the Company’s ability to maintain effective internal controls over monetary reporting; advances in professional and business relationships and advances in applicable hard work law; earthquakes or other disasters; and other threats and uncertainties.
All forward-looking statements contained herein speak only as of the date hereof and the Company assumes no legal responsibility to update or revise any forward-looking public statements. More data related to the Company and its business, adding points that may be materially those of the Company. monetary results, is included in the Company’s reports and documents filed with the U. S. Securities and Exchange Commission and the AFM.
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