Stellantis H1 2023 Summary

• Net revenues of €98.4 billion, up 12% compared to H1 2022 primarily due to higher shipments.
• Adjusted operating income(1) of €14.1 billion, up 11% compared to H1 2022(#), with strong 14.4% margin.
• Net profit of €10.9 billion, up 37% compared to H1 2022.
• Industrial free cash flows(2) of €8.7 billion, up €3.3 billion compared to H1 2022.
• Record results enable continued strategic investments to drive a sustainable road to Carbon Net Zero transformation.
• Global BEV and LEV sales went up 24% y-o-y to 169,000 units and up 28% y-o-y to 315,000, respectively.
• Stellantis ranked third in EU30 overall BEV sales; second in the U.S. market for LEV sales(3)
• The company repurchased €0.7 billion in shares in the first half of 2023, and expects to complete the announced €1.5 billion share buyback program before the end of 2023
• Stellantis announced a new, streamlined structure for financing and leasing services in Europe, simplifying its multi-brand capacity with the new Stellantis Financial Services and Leasys organizations. The Company also boosted its activity in the U.S. with receivables at approximately €4 billion (~$4 billion) as of June 30, 2023, and a €9 billion (~$10 billion) target by end of 2024.