q1 2015 results - fca group · q1 2015 results april 29, 2015 4 worldwide shipments were 1.1...

Agenda

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Presentation3

Q1 2015 Results April 29, 2015

Q1 2015 Results April 29, 2015 2

This document, and in particular the section entitled “2015

Guidance”, contains 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”,

“intend”, or similar 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

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 such statements as a result of a variety of

factors, including: the Group’s ability to reach certain

minimum vehicle sales volumes; developments in global

financial markets and general economic and other conditions;

changes in demand for automotive products, which is highly

cyclical; the Group’s ability to enrich the product portfolio

and offer innovative products; the high level of competition

in the automotive industry; the Group’s ability to expand

certain of the Group’s brands internationally; changes in the

Group’s credit ratings; the Group’s ability to realize

anticipated benefits from any acquisitions, joint venture

arrangements and other strategic alliances; the Group’s

ability to integrate its operations; potential shortfalls in the

Group’s defined benefit pension plans; the Group’s ability to

provide or arrange for adequate access to financing for the

Group’s dealers and retail customers; the Group’s ability to

access funding to execute the Group’s business plan and

improve the Group’s business, financial condition and results

of operations; various types of claims, lawsuits and other

contingent obligations against the Group; disruptions

arising from political, social and economic instability;

material operating expenditures in relation to compliance

with environmental, health and safety regulation;

developments in labor and industrial relations and

developments in applicable labor laws; increases in costs,

disruptions of supply or shortages of raw materials;

exchange rate fluctuations, interest rate changes, credit risk

and other market risks; our ability to achieve the benefits

expected from the proposed separation of Ferrari; political

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 materially affect the

Company’s financial results, is included in the Company’s

reports and filings with the U.S. Securities and Exchange

Commission, the AFM and CONSOB.

Safe Harbor Statement


Group overview

Mass-market brands by region

Ferrari and Maserati brands

Components

Product & event information

Industry outlook & guidance


WORLDWIDE SHIPMENTS WERE 1.1 MILLIONS UNITS

Jeep brand continued its volume growth with shipments up 11% and sales up 22% y-o-y

FINANCIAL RESULTS HIGHLIGHTS

Net revenues at €26.4B

Adjusted EBIT at €800M (EBIT at €792M)

Net profit of €92M

Net industrial debt at €8.6B

Total available liquidity at €25.2B

NEW MODEL LAUNCHES EXPAND REACH OF FIAT, JEEP AND RAM BRANDS

Fiat 500X crossover vehicle launched in EMEA

Jeep Renegade launched in NAFTA

Ram Pro Master City, derived from Fiat Doblò, was launched in NAFTA

PERNAMBUCO (BRAZIL) PLANT BEGAN PRODUCTION OF JEEP RENEGADE

IN FEBRUARY REPAID €1.5B FCA NOTES AT MATURITY USING EXISTING LIQUIDITY

PLANNED SEPARATION OF FERRARI ON TRACK

10% IPO – Q3 '15

Spin-off of remaining shares to FCA shareholders – Q1 '16

2015 GUIDANCE* - CONFIRMED

Worldwide shipments in 4.8 – 5.0M range

Net revenues ~€108B

Adjusted EBIT in €4.1 - 4.5B range

Net profit of €1.0 - 1.2B

Net industrial debt in €7.5 - 8.0B range

Q1 ’15 executive summary

* Figures do not include any impacts from the previously announced capital transactions regarding Ferrari


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

Shipments (000s units)

NAFTA: 633k (+8%)

LATAM: 135k (-34%)

APAC: 47k (-13%)

EMEA: 271k (+5%)

Ferrari: 1,635 (-6%)

• Maserati: 7,306 (-9%)

Q1 ‘15 highlights

1,113

1,095

2014

2015

Q1

Shipments down 2%

Net revenues (€M)

NAFTA: €16,177M (+38%)

LATAM: €1,551M (-21%)

APAC: €1,512M (+1%)

EMEA: €4,684M (+8%)

Ferrari: €621M (flat)

Maserati: €523M (-19%)

Components: €2,435M (+17%)

22,125

26,396

2014

2015

Q1

Net revenues up 19% (+4% at constant exchange rates - CER)

*

Adjusted EBIT

(€M)

NAFTA: €601M (3.7% margin)

LATAM: -€65M (-4.2%)

APAC: €65M (4.3%)

EMEA: €25M (0.5%)

655

800

2014

2015

Q1

Ferrari: €100M (16.1%)

Maserati: €36M (6.9%)

Components: €68M (2.8%)

Net profit (€M)

(173)

92

2014

2015

Q1

Net industrial

debt (€B)

Net industrial debt increased by €0.9B vs Dec ’14 reflecting:

Timing of capital expenditures

Seasonal working capital increase

7.7

8.6

Dec 31 '14

Mar 31 '15

Total available

liquidity (€B)

Total available liquidity was €1B lower than Dec ‘14 resulting from:

Operating cash absorption

€1.5B bond repayments at maturity

Favorable currency translation

23.0

21.9

3.2

3.3

Dec 31 '14

Mar 31 '15

Net profit includes: Net financial expense of €606M

Tax expense of €94M

Net profit attributable to owners of the parent of €78M

Undrawn committed credit lines Cash & Marketable Securities

26.2

25.2

Adjusted EBIT up 22%

EBIT at €792M (vs €270M in Q1 ‘14)


€M

Q1 ‘15 Adjusted EBIT walk

655

800

221

(109)

(70)

97 20

(23)

20

(11)

Q1 '14 NAFTA LATAM APAC EMEA Ferrari Maserati Components Other &

Eliminations

Q1 '15

B/(W) than

Q4 ‘14 (21) (185) (62) (3) (15) (29) (43) 81 (277)


2,140

(608)

399

(985)

(2,078)

179

Dec 31 '14 Adjusted industrial

EBITDA

Financial charges

and taxes

Change in funds &

other

Working capital Capex Scope, FX &

dividend

Mar 31 '15

Change in Net Industrial Debt

(953)

Cash Flow from operating activities, net of Capex

(1,132)

* Net of IAS 19

Q1 ‘15 net industrial debt walk

€M

(7,654)

(8,607)

*


Q1 ’15 Q1 ‘14

Sales (k units) 587 556

Market Share 12.4% 12.5%

U.S. 12.5% 12.5%

Canada 16.4% 16.6%

NAFTA Commercial highlights

o Industry remained strong with U.S. and Canada up 6%

and 3% respectively

o Group sales up 6%

o U.S.

Vehicle sales up 6% to 506k vs 476k last year

Jeep brand posted best quarterly sales performance ever,

up 23% to 179k vehicles as all Jeep models increased sales

Chrysler brand sales increased 13% led by the Chrysler 200

sedan (up 67%)

Ram brand sold 110k units up 9%

March was the 60th consecutive month of y-o-y sales gains

Total market share was 12.5% with fleet mix at 23%, both flat

vs prior year

Dealer inventory at 73 days supply vs 72 days at end of 2014

o Canada

Vehicle sales up 2% to 62k vehicles

Jeep brand sales up 10%

March was the 64th consecutive month of y-o-y sales gains

Q1 ’15 market leader with 16.4% share (-20 bps y-o-y)

Commercial Performance

Brand Portfolio Expansion

Ram ProMaster City Jeep Renegade

• Ram’s first ever compact

commercial van; derived from

Fiat Doblò

• Best-in-class payload, cargo

volume, wheel well span, hp

and torque

• 2,000 lb. towing capacity and

segment-exclusive 9-speed

automatic transmission

• Sales began in March

• First entry into the small SUV

segment

• Named Kelley Blue Book’s

KBB.com’s “10 Favorite New-for-

2015 cars” and named to Ward’s

“10 Best Interiors List for 2015”


NAFTA Financial highlights

Q1 ‘15 Q1 ‘14 ∆

Shipments (k units) 633 585 8%

Net revenues (€M) 16,177 11,732 38%

U.S.: 546k (+11%)

Canada: 68k (-7%)

Mexico: 19k (flat)

o Net revenues +38% y-o-y

(+13% CER) on higher

shipments, positive net

pricing and FX translation

380

601

75

207

(125) (20)

84

Q1 '14 Volume & Mix Net price Industrial costs SG&A Investments/

FX/Other

Q1 '15

Adjusted EBIT Walk €M

o Shipments up 8% y-o-y

o Margin improved to 3.7% from 3.2% a year ago and excluding recall costs was at 5.0% up +120 bps y-o-y

o Volume and Mix improvement reflects higher shipments

o Positive pricing actions partially offset by FX transaction impact of the Canadian Dollar and Mexican Peso

o Industrial costs increased primarily due to higher base material costs for enhanced content and recall campaign costs, partially offset by purchasing efficiencies

o Other reflects FX translation effects B/(W)

Q4 ‘14 (49) (129) 38 55 64 (21)

Q1 2015 Results April 29, 2015 10

Q1 ‘15 Q1 ‘14

Sales (k units) 153k 214k

Market Share 14.5% 16.7%

Brazil 19.7% 22.7%

Argentina 12.6% 13.2%

LATAM Commercial highlights


o Industry down 18% in the quarter as macroeconomic

weakness and political uncertainty impacted auto sales

Brazil industry down 16% impacted by end of IPI incentive

scheme

Argentina market down 27% reflecting import restrictions

o Sales down 28% reflecting continued poor trading

conditions and lower market share

o Market share at 14.5% down 220 bps

Brazil market share down 300 bps y-o-y (-20 bps vs Q4 ’14) due

to tough comparison against Q1 ’14 and competitive pressure

from new models and pricing actions

Group remained market leader with a 250 bps lead over the

nearest competitor

Palio retained its best selling position with 11.9% segment share, 60 bps higher than previous year

Strada and Fiorino continued to be leader in their segment, with 55% and 74% share, respectively

In Argentina share decline to 12.6% due to continued import

restrictions and tough comparison versus Q1 '14

Combined A/B segment share at 16.6% compared to 16.1% last year with Palio sales up 29%

o Stock was at 46 days of supply at quarter-end


Novo Bravo

Refreshed model launched in February

New exterior and interior design elements

Uconnect™ system in all versions

Q1 2015 Results April 29, 2015 11

Q1 ‘15 Q1 ’14 ∆

Shipments (k units) 135 205 (34%)

Net revenues (€M) 1,551 1,965 (21%)

Brazil: down 34% due to market

weakness

Argentina: down 35% due to market

deterioration and import restrictions

o Shipments down 34%


LATAM Financial highlights

o Net revenues: down 21%

(-24% CER)

B/(W)

Q4 ‘14 (138) 44 (49) (36) (6) (185)

o Volume impact of reduced

shipments more than offset by

positive pricing actions

o Industrial costs up due to higher

input cost inflation, Pernambuco

start-up costs

o SG&A increased due to Jeep

Renegade launch expenses

o Adjusted EBIT at break-even

excluding Pernambuco start-up

costs

44

(65) (109)

154

(98)

(50) (6)


FX/Other

Q1 '15

Q1 2015 Results April 29, 2015 12


o Industry demand was up 3% in the region with China up

9%, South Korea up 6%, India up 5%, and Australia up

4% offsetting declines in Japan 15%

o Group sales were level with prior year

China +7%, South Korea +31%, Australia +8%, Japan -17% and

India -55%

Jeep (50% of regional group sales) +8% y-o-y driven by

Cherokee and Compass

Fiat brand -11% y-o-y driven by Viaggio and Grande Punto

Dodge brand +22% driven by Journey

o Regional market share was stable vs last year

Australia +20 bps

South Korea +10 bps

China and Japan flat

India -30 bps

o Inventories at end of March in line with year-end

Q1 ‘15 Q1 ‘14

Sales – incl. JVs (k units) 59 59

Market Share

China 0.8% 0.8%

Australia 4.0% 3.8%

India 0.3% 0.6%

Japan 0.3% 0.3%

South Korea 0.5% 0.4%

APAC Commercial highlights

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

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

on industry and market share.

Chrysler 200 launched

in South Korea

• Launched in February

• Class-exclusive nine-speed

automatic transmission

• Available best-in-class 295

horsepower with the 3.6L

Pentastar® V6 engine

Alfa Romeo 4C

launched in Australia

• Launched in January

• Alfa D.N.A. system with Race

Mode

• Rear-wheel drive

• Alfa TCT dry twin-clutch

transmission with Launch

Control

Q1 2015 Results April 29, 2015 13

APAC Financial highlights

Q1 ‘15 Q1 ’14 ∆

Shipments (k units) 47 54 (13%)

Net revenues (€M) 1,512 1,497 +1%

Jeep: -9%

Fiat : -10%

Dodge: -12%

o Shipments down 13% o Net revenues up 1%

(-17% CER)


B/(W)

Q4 ‘14 (60) 22 (4) 0 (20) (62)

o Lower volume and mix due to

aggressive local OEM actions and

reduced shipments in advanced of

beginning localized production

o Net price down primarily from

negative FX impact on sales in

China, Australia, and Japan as well as some increase in incentive

levels in China

o Higher industrial cost primarily due to recall expenses

o SG&A improved due to lower

marketing expenses

o Positive impact from FX

translations

135

65 (46)

(37) (10)

8

15


FX / Other

Q1 '15

Q1 2015 Results April 29, 2015 14

Q1 ’15 Q1 ‘14

Sales (k units)

Cars 252 228

LCVs 66 59

Market Share (EU28+EFTA)

Cars 6.2% 6.0%

LCVs* 11.0% 11.4%

EMEA Commercial highlights


Passenger Cars

o EU28+EFTA (EU) industry up 8% y-o-y to 3.6M units

Growth in all countries with Italy up 13%, Spain up 32%,

France up 7%, UK up 7% and Germany up 6%

o Sales up 11% to 252k units

225k sales in EU

EU share up 20 bps driven by good performance in Spain

(+50 bps), Germany and Italy (+20 bps each); France and

UK substantially flat

Continued leadership in the A and L0 segments

LCVs

o EU industry up 12% to 463k units

Growth driven by Italy (+4%), Spain (+44%), UK (+22%),

Germany (+10%) with France flat y-o-y

o Sales up 13% to 66k units

Group share in EU down 40 bps as share gains in Italy

(+110 bps), Germany (+40 bps), France and Spain (+30

bps each) have been more than offset by share loss in UK

(-130 bps) where Q1 ’14 benefited from exceptional sales

Ducato continued its segment leadership with 15% sales

growth over Q1 ’14

Good acceptance for the New Doblò as order intake

increased by over 30% y-o-y

Due to unavailability of market data for Italy since January 2012, the figures reported are an extrapolation and discrepancies with actual data could exist *

Fiat 500X introduced in Q1

Further expands the 500 family by offering to today’s crossover customers a vehicle with Italian style,

modern design, versatility and off-road capability

Launched in Q1 in 14 countries across Europe

Q1 2015 Results April 29, 2015 15

EMEA Financial highlights

Q1 ‘15 Q1 ’14 ∆

Shipments (k units) 271 259 5%

Net revenues (€M) 4,684 4,341 8%

Passenger Cars at 212k up 4%

LCVs at 59k up 7%

o Overall shipments up 12k units o Net revenues up 8% on

the back of volume

increase and favorable

mix driven by Fiat 500X

and Jeep Renegade

Adjusted EBIT Walk

€M

B/(W)

Q4 ‘14 (9) 25 (37) 1 17 (3)

(72)

106

52

(24)

(46)

9 25


FX / Other

Q1 '15

o Volume increase and

favorable mix due to Fiat 500X

and Jeep Renegade

o Improved net price due to

positive pricing actions

o Industrial costs reflect higher

costs for US imported vehicles

due to weaker Euro, partially

offset by purchasing savings

and manufacturing efficiencies

o SG&A increase driven by Fiat

and Jeep brand advertising to

support the launch of 500X

and Jeep brand growth

o Other includes better result of

JVs

Q1 2015 Results April 29, 2015 16

Q1 ‘15 Q1 ‘14 ∆

Shipments 1,635 1,732 (6%)

Net revenues (€M) 621 620 -

Adjusted EBIT (€M) 100 80 25%


o Shipments down 6% with 12-cyl models down 37% and

8-cyl models up 10%

US down 10%

APAC volumes up 12%

Volume down 12% in the 5 major European markets

Financial Performance

o Net Revenues were flat y-o-y reflecting favorable

currency exchange effects, offset by lower shipments

o Adjusted EBIT up €20M y-o-y reflecting lower R&D

costs, due to timing of model development, and

favorable currency exchange effects

Q1 '15 Shipments By Market New Ferrari 488

Presented at Geneva Motor Show

Power (670 cv), engine and vehicle

response times (0.8 s and 0.06 s

respectively) give the

488 GTB a unique character

US

28%

Europe

Top-5

30%

China,

Hong Kong

& Taiwan

8%

Japan

8%

Others

26%

Luxury brands Ferrari

SCUDERIA FERRARI BACK TO VICTORY

Sebastian Vettel finishes first

at Malaysian Grand Prix

Team achieves podium position in

each of the first 3 races of F1 season

Q1 2015 Results April 29, 2015 17

Q1 ‘15 Q1 ‘14 ∆

Shipments 7,306 8,041 (9%)

Net revenues (€M) 523 649 (19%)

Adjusted EBIT (€M) 36 59 (39%)


o Shipments down 9% mainly due to lower shipments

of Quattroporte

North America: +6%; #1 market for the brand

Greater China: -33%

Europe: -4%

Financial Performance

o Net revenues down 19%, primarily due to weaker

demand in China

o Adjusted EBIT decreased by €23M primarily due to

lower volume and unfavorable mix, partially offset by

cost efficiencies

Q1 ‘15 Shipments By Market

North

America

38%

Europe

Top-5

18%

Greater

China,

20%

Japan

5%

Others

19%

Luxury brands Maserati

Alfieri honored as

“Concept Car of the Year”

by Car Design News

at Geneva Motor Show in March

Q1 2015 Results April 29, 2015 18

Components

Net revenues

1,574

1,807

Q1 '14

Q1 '15

43

56

Note: graphs not to scale

Performance was positive in Europe, partially offset by

contraction of the market in Brazil

o Net revenues up 15% (+11% CER)

162

180

Q1 '14

Q1 '15

(4)

1

Growth is primarily attributable to a 37% increase in aluminum business volumes

o Net revenues up 11%

o Adjusted EBIT improvement primarily reflects increased cost efficiencies and favorable currency exchange effects

361

468

Q1 '14

Q1 '15

9

11

o Net revenues up 30% (+18% CER) primarily due to body welding, powertrain and robotics businesses

o Adjusted EBIT increased driven by volumes

o Order intake totaled €463M, +57% y-o-y

o Order backlog totaled €1.6B, +22% y-o-y

o Adjusted EBIT increased €13M y-o-y to €56M

Growth primarily related to higher volumes and the benefit

of cost containment actions and efficiencies, partially

offset by start-up costs related to the plant in Pernambuco

Margin was 3.1% vs 2.7% last year

o Order intake was at €558M with captive at €269M and

€289M for non-captive

Adjusted EBIT Net revenues Adjusted EBIT

Net revenues Adjusted EBIT

(€M) (€M)

(€M)

Q1 2015 Results April 29, 2015 19

Alfa Romeo Capital Structure

Product & other information

Engine Production in Termoli

• Plant to produce two new engines for

future Alfa Romeo models: an advanced,

high output 4-cylinder and a Ferrari-

derived 6-cylinder engine

• Over €500M will be invested in design,

development and engineering of the

engines and construction of new

production lines

• Installed production capacity of more

than 200,000 units

• Works to be completed within 6 months

FCA Issues Senior Notes and

FCA US to Redeem Notes

In April Issued US $3B Senior Notes

• US $1.5B principal amount at 4.5%

due 2020 and US$1.5B principal

amount at 5.25% due 2023

• First step towards a unified financing

platform as announced in October

2014

• Extension of maturity profile

leveraging FCA’s European and US

investor base

FCA US Issues Notice to Redeem Notes

• Following completion of the FCA

notes offering, FCA US LLC notified

holders of its $2.875B 8% senior

secured notes due 2019 that such

notes would be redeemed on May 14,

2015 pursuant to their terms

• Will result in $0.1B reduction in

interest expense after considering

new FCA notes above

New Model to be Presented on June 24th in Milan (Italy)

Mid-size sedan

Historic Day – April 16th

First FCA Annual General Meeting of Shareholders

• AGM took place in Amsterdam

(Netherlands) - the first outside Italy for

Fiat and the first outside US for Chrysler

Agreement with Unions in Italy

• FCA and its unions agree on new

compensation arrangement for all its

employees in the automobile business in

Italy

• Incentives for all employees based on

achievement of productivity, quality and

profitability targets established in the

business plan

• The maximum cost to FCA over the

four-year period will be just over €600M

FY 2014 Results January 28, 2015 20

Industry outlook (M units)

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

NAFTA 19.9

20.2

FY '14

FY '15Eo Estimate for US reflects

slight increase to 17.1M vehicles

o Canada industry estimate now expected to be flat at 1.9M vehicles

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

APAC 28.2

29.5

FY '14

FY '15E

LATAM

Passenger cars

EMEA EU28+EFTA

Passenger cars LCVs

Passenger Cars

All major markets in a

positive trend

13.0

13.6

1.7

1.8

FY '14

FY '15E

14.7

15.4

o Outlook reflects an improvement for both passenger cars and LCVs

LCVs

Forecasts improved slightly

to 1.8M vehicles

LATAM

4.3

3.7

0.9

0.7

FY '14

FY '15E

LCVs

5.2

4.4

o LATAM industry seen declining to ~4.4M vehicles affected by worse trade conditions in key markets

o Brazil industry expected to be down due to GDP contraction and to full IPI increase in Jan ’15

o Argentina industry expected to decline due to continued economic uncertainties

o Industry projected up 5% with improvement in China, India, Australia, and South Korea partially offset by expected declines in Japan

Q1 2015 Results April 29, 2015 21

2015 guidance - confirmed

4.8 - 5.0M units World-wide shipments

~€108B Net revenues

€4.1 - 4.5B Adjusted EBIT

€1.0 - 1.2B EPS* €0.64 - €0.77 Net profit

€7.5 - 8.0B Net industrial debt

* EPS calculated including the mandatory convertible securities conversion at minimum number of shares at 222 million

Note: Figures do not include any impacts from the previously announced capital transactions regarding Ferrari

Q1 2015 Results April 29, 2015 22

APPENDIX

Q1 2015 Results April 29, 2015 23

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:

Adjusted Earnings Before Interest and Taxes

(“Adjusted EBIT”) is computed starting from EBIT

and then adjusting to exclude gains and losses on

the disposals of investments, restructuring costs,

impairments, asset write-offs and other unusual

items, which are considered rare or discrete events

that are infrequent in nature.

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

Q1 2015 Results April 29, 2015 24

€M

(unless otherwise stated)

Q1 ‘15 Q1 ‘14

World-wide shipments (units ‘000) 1,095 1,113

Net revenues 26,396 22,125

EBIT 792 270

Adjustments 8 385

Adjusted EBIT 800 655

Of which: Investment income, net 50 33

Financial charges, net (606) (493)

Pre-tax result 186 (223)

Taxes (94) 50

Net profit 92 (173)

EBITDA 2,189 1,438

Key performance metrics

Q1 2015 Results April 29, 2015 25

Quarterly Market Share (%)

Mass-market brands Market share by key market

Quarterly Market Share (%)

NAFTA

2012 2013 2014

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

11.2 11.4 12.5 12.5

15.0 16.0 16.6 16.4

2015

Q1

APAC

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

volume on industry, Japan, South Korea)

2015

Q1

LATAM

12.1 12.2 13.2 12.6

22.7 22.9 22.719.7

2012 2013 2014

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

2015

Q1

27.9 29.0 28.1 28.3

42.3 43.5 44.3 45.4

6.3 6.4 6.0 6.2

11.2 11.7 11.4 11.0

LCV

Passenger Cars

LCV

Passenger Cars

EMEA

2012 2013 2014

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1

2015 2012 2013 2014

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

0.3%

0.6% 0.8% 0.8%

1.9%

3.0%

3.9% 4.0%

0.7%

0.1%

0.6% 0.3%

0.3% 0.3% 0.3% 0.3%

Q1 2015 Results April 29, 2015 26

Q1 ‘14 Q1 ‘15

LATAM -34%

APAC -13%

NAFTA +8%

EMEA +5%

-2%

1,095 1,113

259

205

585

(units in thousands)

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

FY ‘15E

(units in millions)

FY ‘14

4.8 – 5.0

~1.1

~XX

>xx

54

10

Ferrari and Maserati

-9%

0.04

~xx

0.04 4.6

EMEA

NAFTA

LATAM

APAC

Ferrari and

Maserati

633

271

135

9 47

Group shipments outlook (excl. JVs)

~1.1

~2.7 2.5

0.8

1.0

~0.8

~0.2

0.2

Q1 2015 Results April 29, 2015 27

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

Debt maturity schedule

€B

Outstanding

Mar. 31 ‘15 FCA Group 9M 2015 2016 2017 2018 2019 Beyond

13.6 Bank Debt 3.4 2.1 4.3 2.3 0.4 1.0

17.1 Capital Market 0.9 2.7 2.3 1.9 4.2 5.2

2.1 Other Debt 0.7 0.2 0.3 0.1 0.2 0.6

32.8 Total Cash Maturities 4.9 5.0 6.9 4.3 4.8 6.9

21.9 Cash & Mktable Securities

3.3 Undrawn committed credit lines

25.2 Total Available Liquidity

5.0 Sale of Receivables (IFRS de-recognition compliant)

2.6 of which receivables sold to financial services JVs (FCA Bank)

Q1 2015 Results April 29, 2015 28

Group Investor Relations Team

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

Francesca Ferragina +39-011-006-2308

Tim Krause +1-248-512-2923

Alois Monger +1-248-512-1549

Paolo Mosole +39-011-006-1064

fax: +39-011-006-3796

email: [email protected]

websites: www.fcagroup.com

www.fcausllc.com

Contacts

q1 2015 results - fca group · q1 2015 results april 29, 2015 4 worldwide shipments were 1.1...

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