2014 3rd quarter results - fca group · q3 2014 results october 29, 2014 4 worldwide shipments were...

2014 3rd Quarter Results

October 29, 2014

Q3 2014 Results October 29, 2014 2

This document, and in part icular the section entit led

“2014 Outlook”, contains forward-looking

statements . These statements may include terms such

as “may”, “wil l”, “expect”, “could”, “should”, “intend”,

“est imate”, “anticipate”, “believe”, “remain”, “on

track”, “design”, “target”, “objective”, “goal”,

“forecast”, “projection”, “outlook”, “prospects”,

“plan”, “intend”, or s imilar terms. Forward-looking

statements are not guarantees of future

performance. Rather, they are based on the Group’s

current expectations and projections about future

events and, by their nature, are subject to inherent

risks and uncertainties . They relate to events and

depend on ci rcumstances 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 such

statements as a result of a variety of factors ,

including: the Group’s abil ity to reach certain

minimum vehicle sales volumes; developments in

global financial markets and general economic and

other condit ions ; changes in demand for automotive

products , which is highly cyclical ; the Group’s abil ity

to enrich the product portfolio and offer innovative

products ; the high level of competit ion in the

automotive industry; the Group’s abil ity to expand

certain of the Group’s brands internationally ;

changes in the Group’s credit rat ings ; the Group’s

ability to realize anticipated benefits from any

acquisit ions, joint venture arrangements and other

strategic all iances ; the Group’s abil ity to integrate its

operations ; potential short falls in the Group’s

defined benefit pension plans; the Group’s abil ity to

provide or arrange for adequate access to financing

for the Group’s dealers and retail customers ; the

Group’s abil ity to access funding to execute the

Group’s business plan and improve the Group’s

business, financial condit ion and results of

operations ; various types of claims, lawsuits and

other contingent obligations against the Group;

material operating expenditures in relat ion to

compliance with environmental, health and safety

regulation; developments in labor and industrial

relat ions and developments in applicable labor laws;

increases in costs , disruptions of supply or shortages

of raw materials ; exchange rate f luctuations, interest

rate changes, credit risk and other market risks ;

polit ical and civil unrest ; earthquakes or other

natural 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 does not undertake any obligation

to update or revise publicly forward-looking

statements . Further information concerning the

Group and its businesses, including factors that

could material ly affect the Company’s financial

results , is included in the Company’s reports and

fi l ings with the U.S. Securit ies and Exchange

Commission, the AFM and CONSOB.

Safe Harbor Statement

Q2 2014 Results July 30, 2014 3

Group overview

Mass-market brands by region

Luxury brands

Components

Product & event information

Industry outlook & guidance Q3 2014 Results

October 29, 2014 3


WORLDWIDE SHIPMENTS WERE 1.1 MILLION UNITS

A 10% increase driven by performance in NAFTA

KEY FINANCIAL METRICS

Net revenues at €23.6B

EBIT at €926M (includes net unusual costs of €36M)

Net profit of €188M

Net industrial debt at €11.4B

Total available liquidity at €21.7B

MERGER TO FORM FIAT CHRYSLER AUTOMOBILES N.V. COMPLETED

August 1, EGM approved merger of Fiat S.p.A. with and into Fiat Investments N.V.

Merger effective on October 12 – listed on NYSE on October 13

SUCCESSFUL DEBT CAPITAL MARKETS TRANSACTIONS

July 10, the Group issued a €850M bond (4.75% coupon) subsequently re-opened and increased by a further

€500M in September 4 (maturing July 2022)

September 17, the Group issued a CHF250M bond (3.125% coupon) to mature September 2019

ALL NEW JEEP RENEGADE LAUNCHED

Expands market coverage of Jeep brand by entering the small SUV segment

FULL-YEAR GUIDANCE CONFIRMED

FIRST VIEW ON 2015 VOLUMES

~4.8-4.9M units

Q3 ’14 executive summary


(*) Adjusted for the retrospective application of IFRS 11: Revenues -€40M, EBIT +€6M, Profit Before Taxes +€2M, Net Profit unchanged.

Note: Graphs not to scale. Numbers may not add due to rounding

Shipments (000s units)

NAFTA: 613k (+21%)

LATAM: 202k (-14%)

APAC: 55k (+22%)

EMEA: 218k (+3%)

Luxury Brands: 11k (+94%)

Q3 2014 highlights

1,002

1,099

2013

2014

YTD Q3

3,393

3,181

Worldwide shipments up 10%

Net revenues (€M)

NAFTA: €13,134M (+20%)

LATAM: €2,162M (-12%)

APAC: €1,578M (+30%)

EMEA: €4,080M (+6%)

Luxury Brands: €1,248M (+35%)

Components: €2,086M (+11%)

20,693

23,553

2013

2014

Q3

62,681

69,006

World-wide revenues up 14%, (+14% at constant exchange rates - CER)

*

EBIT (€M)

NAFTA: €549M (4.2% margin)

LATAM: €51M (2.4% margin)

APAC: €169M (10.7% margin)

862

926

2013

2014

Q3

2,542

2,157

Increased by 7% (+10% CER)

EMEA: -€63M (-1.5% margin)

Luxury brands: €179M (14.3% margin)

Components: €48M (2.3% margin)

Net profit

(€M) 189

188

2013

2014

Q3

655

212

Net industrial

debt (€B)

• €1.7B increase primarily reflects the seasonal cash absorption and is in line with prior year

• Capex increased to €2.1B, from €1.8B Q3 ’13 – in line with full year guidance

9,7

11,4

Jun 30 '14

Sept 30 '14

Total available

liquidity (€B)

Total available liquidity was in line with June 30, 2014

• Operational absorption and bond repayments at maturity (€2.1B) were offset by new bond issuances (€1.6B), and bank financing, as well as a favorable €0.9B currency translation effect

18,7

18.6

3.1

3.1

Jun 30 '14

Sep 30 '14

Net profit in line with Q3 ‘13 and includes:

Net financial expenses of €511M, €18M higher than Q3 ‘13

Income taxes of €227M, €47M higher than Q3 ‘13

Net profit of €174M attributable to owners of the parent (vs €15M loss for Q3 ‘13)

Cash & Mktable Securities

Undrawn committed credit lines

21.8

21.7

YTD

YTD

YTD

*

*

*


€M

Q3 ‘14 EBIT walk

862 926

13

(118)

70

53 48 11

(13)

0

100

200

300

400

500

600

700

800

900

1000

1100

Q3 '13 NAFTA LATAM APAC EMEA Luxury Components Other & Eliminations

Q3 '14

B/(W) than

Q2 ‘14 (49) (11) 63 (57) 13 (12) 18 (35)

Unusuals

(36) Unusuals

(1)


2,116

(654) (102)

(879)

(2,116) (84)

0 51

Change in Net Industrial Debt

(1,668)

Cash Flow from operating activities, net of Capex

(1,635)

(9,704)

June 30, 2014

September 30, 2014

Industrial EBITDA

Financial charges & taxes*

Change in funds & other

Working capital

Capex Investments, scope & other

Capital increase /repos/

dividends

FX translation effect

* Net of IAS 19

Q3 ‘14 net industrial debt walk

€M

(11,372)


Q3 ‘14 Q3 ‘13

Sales (k units) 633 536

Market Share 12.2% 11.3%

U.S. 12.3% 11.2%

Canada 14.9% 14.3%

2014 Texas Auto Writers Association Awards

Texas is the largest truck and SUV market in the U.S.

NAFTA Commercial highlights

Commercial Performance

o Total NAFTA vehicle sales up 18%, outpacing the

industry in both the U.S. and Canada

U.S industry in Q3 ‘14 up 8% vs prior year

Canada industry up 11% vs prior year

o U.S.

Vehicle sales up 19% to 536k

Jeep brand posted best Q3 sales ever; Chrysler brand

posted best Q3 sales since 2007

Q3 ‘14 Jeep and Ram sales up 46% and 30% respectively,

versus prior year

Jeep Cherokee sales were 48k in the quarter

Market share up 110 bps vs prior year, driven by 20%

increase in retail sales

Fleet mix in line with prior year at 18%

Dealer inventory at 71 days supply vs 72 days at end of Q2

o Canada

Vehicle sales up 16% to 78k

Q3 ‘14 Jeep brand sales more than doubled vs prior year

Best September YTD sales ever

Market share up 60 bps vs prior year

Ram 2500

Heavy Duty

Heavy Duty truck of

Texas for the 2nd

consecutive year

Jeep

Grand Cherokee

SUV of Texas for the

5th consecutive year

Jeep

Cherokee

Compact SUV of

Texas for the 2nd

consecutive year


o Volume improved due to 108k higher shipments partially offset by negative mix

o Higher net price due to positive pricing actions partially offset by higher incentives on certain vehicles

o Industrial costs reflect higher vehicle content enhancements, increased warranty and recall costs partially offset by purchasing savings

NAFTA Financial highlights

Q3 ‘14 Q3 ‘13

Shipments (k units) 613 505

Revenues (€M) 13,134 10,965

U.S.: 524k (+23%)

Canada: 70k (+21%)

Mexico & other: 19k (-11%)

o Revenues +20% y-o-y

(+20% CER) on higher

shipments and positive net

pricing

536 549

405

126

(466) (27) (25)

Q3 '13 Volume & Mix Net price Industrial Costs SG&A Investments/

FX/Other

Q3 '14

B/(W)

Q2 ‘14 (9) 210 (262) 5 7 (49)

Unusuals

1

Unusuals

(5)

EBIT Walk €M

o Shipments up 21% y-o-y


Q3 ‘14 Q3 ‘13

Sales (k units) 209k 242k

Market Share 15.9% 15.8%

Brazil 21.4% 21.3%

Argentina 14.1% 12.4%


o Industry down 14% over last year reflecting weaker

trading conditions and record Q3 ’13 in Brazil resulting

from higher government incentives

Brazil industry down 12% y-o-y

Argentina industry down 30%, due to import restrictions

introduced in 2014 and taxes on higher-end models

o Sales down 33k units due to general market weakness

o Market share at 15.9%, 10 bps higher than Q3 ‘13

Brazilian share up 10 bps and Group maintained market

leadership with a 360 bps lead over the nearest competitor

o Strada continued strong performance with 57.2% segment share

In Argentina, share up 170bp

o combined A/B segment share at 16.7% with strong performance for new Palio (up 50% y-o-y)

o Stock levels managed in line with previous year

at ~1 month of supply

Refreshed model launched in September

1st model produced in Brazil with the stop & start technology

New Mopar touchscreen multimedia central

All new interior design and refreshed exterior

LATAM Commercial highlights

Upgraded Novo Uno


Q3 ‘14 Q3 ‘13

Shipments (k units) 202k 235k

Revenues (€M) 2,162M 2,446M

Brazil: declined by 9% vs Q3 ‘13 due to

market weakness

Argentina: down 27% reflecting overall

market deterioration partially offset by

market share increase

o Shipments at 202k down 14% o Revenues: down 12%

(-12% CER)

169

(94)

98

(83)

(29) (10)

51

Q3 '13 Volume & Mix Net price Industrial costs SG&A Investments/

FX/Other

Q3 '14

B/(W)

Q2 ‘14 19 (5) (5) (4) (16) (11)

Unusuals

4

Unusuals

(11)

EBIT Walk €M

LATAM Financial highlights

o Overall shipments down 33k

units, (Brazil and Argentina

down 17k and 8k

respectively) reflecting worse

trading conditions partially

offset by better mix

o Disciplined pricing actions in

Brazil and Argentina nearly

offset the increased industrial

costs and SG&A which were

impacted by higher input

cost inflation, Pernambuco

startup costs and higher

advertising related to new

product launches


Q3 ‘14 Q3 ‘13

Sales – incl. JVs (k units) 66 53

Market Share

China 1.1% 0.8%

Australia 4.3% 3.6%

India 0.5% 0.5%

Japan 0.4% 0.3%


o Strong industry demand in the region (+4%) with

continued growth in China (+7%), India (+10%) and

South Korea (+5%), partially offset by slight decline in

Japan (-5%) and Australia (-1%)

o Group sales were 66k vehicles (incl. JVs) up 25%

outperforming industry:

China +33%, South Korea +28%, Australia +16%, Japan +9%

with decline in India -18%

Jeep (52% of total Group sales in the region) up 37%

year over year due to Grand Cherokee and newly-launched

Cherokee

Fiat brand volumes +16% driven by Viaggio & Ottimo

o Share gains in all major markets (except India) with

Australia increasing the most (+70 bps)

2014 Jeep Cherokee at Indonesia auto show

APAC Commercial highlights

Note: APAC industry reflects aggregate for key markets where Group competes

(China, Australia, Japan, South Korea, and India.) India-reports wholesale volume

on industry and market share.


o Positive contribution from both

volume & mix

o Net price deterioration primarily

reflects competitive environment in

China and negative FX impact for

vehicles exported to Australia

o SG&A increased to support volume

growth

APAC Financial highlights

Q3 ‘14 Q3 ’13*


Revenues (€M) 1,578 1,215

Jeep +26%

Fiat +23%

Dodge +21%

o Shipments up 22% o Revenues up 30% (+30% CER)

driven by higher shipments

B/(W)

Q2 ‘14 3 (11) 26 8 37 63

Unusuals

1

Unusuals

0

EBIT Walk €M

(1)Adjusted for retrospective application of IFRS11 (EBIT increased by €3M)

(1)

* Adjusted for retrospective application of IFRS 11. Revenues increased by €10M.

99

169 89

(19) (3)

(31)

34

Q3 '13 Volume & Mix Net Price Industrial costs SG&A Investments/

FX / Other

Q3 '14


Q3 ’14 Q3 ‘13

Sales (k units)

Cars 199 197

LCV 60 55

Market Share (EU28+EFTA)

Cars 5.5% 5.6%

LCV 10.9% 10.6%

Passenger Cars

o EU28+EFTA industry up 5% to 3.1M units (5th

consecutive positive quarter)

Recovery in Italy and Germany (+4%), France flat; UK up

6% softening its positive trend while Spain up double

digit (+16%)

o Q3 ‘14 sales up 1% to 199k units

167k units sales in EU28+EFTA and 32k units in other EU

markets

Group share down slightly (10 bps) in EU, driven by share

loss in Italy (100 bps) on the back of run-out models,

share stable in EU ex-Italy at 3.2%

Continued market leadership for 500 family, in A & L0

segments

LCVs

o EU28+EFTA industry up 12% to 407K units driven by

recovery in all major markets

Italy +24%, UK +20%, Spain +24%, Germany +10%,

France +1%

o Q3 ‘14 sales up 11% to 60k units

Group share increase in EU28+EFTA, +30 bps to 10.9%,

with share gain in the main markets (+150 bps Italy, +80

bps UK, +160 bps Spain)

EMEA Commercial highlights

Prelaunch tour in main European markets from July

European media drive in September with very positive reviews

Market launch in Italy began end of September and will be followed

by other European markets in Q4 2014

New Jeep Renegade



o Volume increase and

favorable mix driven by Jeep,

500 family and LCVs growth

o Negative pricing driven by

continued competitive

pressure in the mass market

segments

o Industrial costs reflecting

improved manufacturing and

purchasing efficiencies

partially offset by start-up

costs in Melfi

o SG&A increase driven by

Jeep advertising to support

brand growth and the launch

of all-new Renegade

EMEA Financial highlights

Q3 ‘14 Q3 ’13*


Revenues (€M) 4,080 3,843

Passenger Cars up 1% to 169k, in

line with the sales increase

LCVs at 49k units, increasing 6k or

13% , driven by Italy performance

o Overall shipments up 3% o Revenues up 6% on the

back of volume increase

and favorable mix

driven by Jeep and LCV

(116)

66

(20)

19

(11) (1) (63)

Q3 '13 Volume & Mix Net price Industrial costs SG&A Investments/

FX / Other

Q3 '14

B/(W)

Q2 ‘14 (85) (6) 1 38 (5) (57)

Unusuals

6

Unusuals

0

EBIT Walk - €M

(1)Adjusted for retrospective application of IFRS11 (EBIT increased by €3M)

(1)

* Adjusted for retrospective application of IFRS 11. Revenues decreased by €17M


Q3 ‘14 Q3 ‘13

Shipments 1,612 1,499

Revenue (€M) 662 534

EBIT (€M) 89 88


o Street cars shipments up 8% in the quarter with

12-cyl models down 10% and 8-cyl models up 15%

U.S. down 14%, #1 market for the brand

Volume up 4% in the 5 major European markets

Asia Pacific volumes up 81%

Luxury brands Ferrari

Financial Performance

o Q3 revenues up 24% y-o-y

o EBIT in line with last year

Improvement driven by sales mix on the back of

LaFerrari model

EBIT includes €15M for compensation costs related to

the resignation of the former chairman

EBIT margin (ex-unusuals) of 15.7% vs 16.5% last year

Q3 ‘14 Shipments By

Geography

LaFerrari USA

28%

Europe

Top-5

28%

China,

Hong Kong

& Taiwan

13%

Japan

6%

Others

25%


Q3 ‘14 Q3 ‘13

Shipments 8,896 3,953

Revenue (€M) 652 444

EBIT (€M) 90 43


o Higher shipments of 4,943 units due to continued

strong performance of the Quattroporte and Ghibli

North America: up +106% vs Q3 ‘13; #1 market for the

brand

Greater China: growing 106%; #2 largest market for the

brand

Europe: up 177% to 1.5k units

Luxury brands Maserati

Financial Performance

o Revenues up 47% to €652M

o EBIT at €90M vs €43M a year ago

Improvement driven by strong volume growth

EBIT margin at 13.8% vs 9.7% last year

North

America

40%

Europe

Top-4

12%

China,

Honk Kong

& Taiwan

27%

Japan

4%

Others

17%

Q3 ‘14 Shipments By

Geography

Ghibli


Components

Revenues & EBIT (€M)

1.399

1.604

Q3 '13

Q3 '14

28

37

Note: graphs not to scale

Performance was positive in North America and Europe,

down in Brazil while flat in China

Growth mainly reflects higher volumes

Unusual items related to Brazilian restructuring

o Orders up 40% to €840M of which captive €340M (more

than double vs Q3 2013: €152M), and non captive €500M

(up 12% vs Q3 last year) mainly in Lighting and Powertrain

business

o Revenues up 15%

169

152

Q3 '13

Q3 '14

-2

2


Volumes down 12% (at constant perimeter) for the Cast

Iron business while up 17% for the Aluminum business

o Revenues down 10%, substantially unchanged at constant

scope of operations

o EBIT performance improved due to mix and pricing

323

335

Q3 '13

Q3 '14

11

9


o Revenues up 4% mainly attributable to the Body Welding business

o EBIT slightly down y-o-y

o Order intake totaled €484M, a 19% increase mainly

attributable to the Body Welding business



o EBIT up 32% or 53% excluding unusual items


Events

• EGM on 1 August, approved

the cross-border merger of

Fiat with and into its wholly-

owned subsidiary

incorporated in the

Netherlands Fiat Investments

N.V. (“Fiat Investments”) then

renamed FCA

• Merger became effective on

12 October, following

satisfaction of all conditions

precedent

cash exit rights were

exercised for 60M shares and

no creditors’ oppositions

were filed, therefore the

€500M cumulative cap was

not exceeded

• FCA made its debut on the

NYSE on October 13

Products

Product & event information

o Developed from the successful

Fiat Doblo

o Best-in-class features include

combined fuel economy, 178hp

and 174lb-ft of torque, 1,883lb

payload, cargo volume of ~132

cubic ft

o First 9-speed automatic

transmission in a commercial van

o Two-seat Tradesman cargo van

and 5-seat passenger wagon

RAM ProMaster City

(to be launched in Q4 2014)

FIAT 500X

(to be launched in Q1 2015)

o From 14th Oct. available for

customers pre-orders in the

limited “Opening Edition” in

EMEA (available at dealership in

early 2015)

o New compact crossover in the

500 family, that combines style

and function

o Available in two 4x2 options with

the 140 HP 1.4 Turbo MultiAir II

or the 120 HP 1.6 MultiJet II

engines, and one 4x4 with the

140 HP 2.0 MultiJet II engine


Industry outlook (M units)

NAFTA 18,7

~19.6

FY '13

FY '14E

o US: FY estimate increased slightly to ~16.7M vehicles (from 16.5M previously) in line with year-to-date SAAR of 16.7M

o Canada: FY industry estimate expected to be flat with prior year level of 1.8M vehicles

Note: APAC reflects aggregate for key markets where Group competes (China, India, Australia, Japan, South Korea)

LATAM 4,7

4.2

1,1

1,0

FY '13

FY '14E

o Outlook for LATAM adjusted downward to ~5.2M (from 5.6M previously) reflecting economic uncertainties

o Brazil industry expected to be down 8% as poor market conditions continued

o Argentina industry to decline double-digit due to import restrictions and increased sales tax on high-end segments

Passenger cars LCVs

5.9

~5.2

EMEA EU28+EFTA

Passenger cars LCVs o Outlook substantially unchanged for passenger cars and LCVs vs prior expectations

Passenger Cars EU28+EFTA: +5%

Slight increase for UK & Spain

Italy, Germany & France outlook unchanged

LCVs EU28+EFTA confirmed at

1.7M

Italy expected to post a 14% increase y-o-y

12,3

13.0

1,6

1,7

FY '13

FY '14E

13.9

~14.7

APAC 26,2

28,0

FY '13

FY '14E

o Industry projected up 7%

Improvement driven by China, India and South Korea partially offset by contraction in Australia

Note: Graphs not to scale. Numbers may not add due to rounding


2014 guidance

* Excludes unusual items

~4.7M World-wide shipments

≥€93B Revenues

€3.6-4.0B* EBIT

€0.6-0.8B (EPS €0.44-€0.60)* Net profit

€9.8-10.3B Net industrial debt

Q2 2014 Results July 30, 2014 22

APPENDIX


FCA monitors its operations through the use of various

supplemental financial measures that may not be

comparable to other similarly titled measures of other

companies. Accordingly, investors and analysts should

exercise appropriate caution in comparing these

supplemental financial measures to similarly titled

financial measures reported by other companies. Group

management believes these supplemental financial

measures provide comparable measures of its financial

performance which then facilitate management’s ability

to identify operational trends, as well as make decisions

regarding future spending, resource allocations and

other operational decisions.

Supplemental financial measures

FCA’s supplemental financial measures are defined as

follows:

Earnings Before Interest, Taxes (“EBIT”) is computed

starting from Net profit/(loss) and then adding back

Tax (income)/expenses and Net financial expenses

Earnings Before Interest, Taxes, Depreciation and

Amortization (“EBITDA”) is computed starting with

EBIT and then adding back depreciation and

amortization expense

Net Industrial Debt is computed as debt plus other

financial liabilities related to Industrial Activities less

(i) cash and cash equivalents, (ii) current securities,

(iii) current financial receivables from Group or

jointly controlled financial services entities and (iv)

other financial assets. Therefore, debt, cash and

other financial assets/liabilities pertaining to

Financial Services entities are excluded from the

computation of Net Industrial Debt


(1) Adjusted for the retrospective application of IFRS 11: Revenues -€40M, EBIT +€6M, Profit before Taxes +€2M, Net profit unchanged.

Shipments adjusted to include Luxury Brands.

€M

(unless otherwise stated)

Q3 ‘14 Q3 ‘13 (1)

Worldwide total shipments (units ‘000) 1,099 1,002

Net revenues 23,553 20,693

EBIT 926 862

Of which: Investment income, net 36 29

Unusual items, net (36) (1)

Financial charges, net (511) (493)

Pre-tax result 415 369

Taxes (227) (180)

Net profit 188 189

Net profit excluding unusual items 224 190

EBITDA 2,166 2,030

Q3 ’14 Key performance metrics


12.6

9.312.4

14.1

22.024.3

21.3 21.4

APAC EMEA

1.Reflects aggregate for key markets where Group is competing (China, Australia, India-reports wholesale

volume on industry, Japan, South Korea)

Quarterly Market Share (%)

Mass-market brands Market share by key market

NAFTA

Q1 Q4 Q2

2011 2012

Q1 Q3 Q4 Q2 Q1 Q3 Q4 Q2

2013 2014

Q3 Q3

Q1 Q4 Q2

2011 2012

Q1 Q3 Q4 Q2 Q1 Q3 Q4 Q2

2013 2014

Q3 Q3

Q1 Q4 Q2

2011 2012

Q1 Q3 Q4 Q2 Q1 Q3 Q4 Q2

2013 2014

Q3 Q3

Q4 Q3 Q1

2011 2012

Q4 Q2 Q3 Q1 Q4 Q2 Q3 Q1

2013 2014

Q2 Q3

LATAM

LCV

Passenger

Cars

LCV

Passenger

Cars


Q3 ‘13 Q3 ‘14

LATAM -14%

APAC +22%

NAFTA +21%

EMEA +3%

10% 1,099

1,002

211

235

505

(units in thousands)

Note: Numbers may not add due to rounding; Graphs not to scale

2.2

0.2

FY ‘14E

(units in M)

FY ‘13

~4.7

~1.0

~2.5

>0.2

45

5 Luxury +94%

0.02

~0.9

0.05

4.4

EMEA

NAFTA

LATAM

APAC

Luxury

613

1.0

1.0 218

202

11 55

Group shipments (excl. JVs) outlook


Note: Numbers may not add due to rounding; total cash maturities excluding accruals

Outstanding

Sept. 30 ‘14 FCA 3M 2014 2015 2016 2017 2018 Beyond

12.5 Bank Debt 1.6 2.8 1.7 3.6 1.9 0.9

17.2 Capital Market 0.1 2.1 2.4 2.2 1.9 8.5

2.2 Other Debt 0.8 0.2 0.2 0.2 0.1 0.7

31.9 Total Cash Maturities 2.5 5.1 4.3 6.0 3.9 10.2

18.6 Cash & Mktable Securities

3.1 Undrawn committed credit lines

21.7 Total Available Liquidity

3.7 Sale of Receivables (IFRS de-recognition compliant)

2.2 of which receivables sold to financial services JVs (FGA Capital)

Debt maturity schedule (€bn)


Group Investor Relations Team

Joe Veltri +1-248-576-9257 Vice President

Timothy Krause +1-248-512-2923

Paolo Mosole +39-011-006-1064

fax: +39-011-006-3796

email: [email protected]

websites: www.fcagroup.com

www.chryslergroupllc.com

Contacts

2014 3rd quarter results - fca group · q3 2014 results october 29, 2014 4 worldwide shipments were...

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