INVESTOR

PRESENTATION

H1 2020 Results

H1 2020 Results 06/08/2020 | 2

Disclaimer

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H1 2020 Results 06/08/2020 | 3

FCA Bank: a JV between FCA and Crédit Agricole

FCA Bank is one of the largest specialized auto finance and lease companies operating in

Europe, diversified across products, geographies and brands

50 / 50 Joint Venture between Fiat Chrysler Automobiles and Crédit Agricole

Long-Term Partnership signed in December 2006 and extended until December 2024,

automatically renewed unless notice of non-renewal is provided no later than three years

before end of the term

A unique business model, focusing on the automotive industry and combining the commercial

effectiveness of an industrial partner, with the risk discipline and financial strength of a

universal banking group

FCA Bank operates under the Italian Banking Act and is supervised by the European Central

Bank as a "significant" financial institution for prudential purposes, within the framework of the

Crédit Agricole Group

Board Composition: 10 members (2 independent, 4 appointed by each shareholder)

H1 2020 Results 06/08/2020 | 4

JV Agreement Extension

H1 2020 Results 06/08/2020 | 5

Ratings

Long-term: Baa1

Outlook: Negative

Short-term: P-2

Deposits long-term: Baa1

(Stable outlook)

Long-term: BBB

Outlook: Negative

Short-term: A-2

Long-term: BBB+

Outlook: Negative

Short-term: F1

Strengths:

low stock of problem loans;

good profitability;

sound capital;

matched maturities;

affiliate support from CréditAgricole;

Challenges:

mono-line business model;

wholesale funding profile mitigated by CréditAgricole’s support;

Strengths:

resilient profitability,

supporting capital;

strategically important to

French banking group Crédit

Agricole SA;

high geographic

diversification;

Challenges:

business concentration on

car sales financing in Europe

and dependence on FCA;

Strengths:

Crédit Agricole’s high

propensity to provide funding

and sufficiently diversified

funding sources;

sound capitalization;

no direct exposure to Italian

sovereign risk;

Challenges:

significant influence that FCA

has on FCA Bank;

H1 2020 Results 06/08/2020 | 6

Banking business - Wholesale Financing

Banking business - Retail Financing

Mobility business - Rental

Portfolio H1 2020 (average): € 16.5Bn (63% of total)

Portfolio H1 2020 (average): € 6.5Bn (25% of total)

Portfolio H1 2020 (average): € 3.3Bn (12% of total)

19 Brands – 18 Countries

32 Legal entities – 10 Branches

2,348 Employees

€ 26.3Bn Portfolio (average)

Multi-Brand and Multi-Business

Business Overview – H1 2020

H1 2020 Results 06/08/2020 | 7

Financial Products / Insurance / Services Offer

FINANCIAL

PRODUCTS

INSURANCE

& SERVICES

DEPOSITS & OTHER

BANKING PRODUCTS

FULLDAMAGEWAIVER

EXTENTEDWARRANTY

GUARANTEEDASSETPROTECTION

SERVICE &MAIN.CE

FIRE &THEFT

FDW EW GAP S&MF&T

CREDIT PROTECTION

CPI

THIRD PARTY LIABILITY

TPL

TYREPROTECTION

TP

GLASS ETCHING

GE

SMART INSURANCE

SI

CONNECTED TPL

CON

H1 2020 Results 06/08/2020 | 8

Positioning in the Mobility Arena

RIDE-HAILING

RIDE-SHARING

AIRPLANE

TRAIN

PUBLIC

TRANSPORTATION

SHORT / MEDIUM TERM RENTAL

TAXI

BIKE-SHARING

TRADITIONAL FINANCIAL

SERVICES

LONG TERM RENTAL (OPERATING

LEASING)

PEER

TO PEER

CAR

SHARING

CAR SUBSCRIPTIONS

DISTANCE

FLEXIBILITYHIGH MEDIUM LOW

SH

OR

TM

ED

IUM

LON

G

OW

NE

RS

HIP

H1 2020 Results 06/08/2020 | 9

H1 2020 Highlights

Covid-19 pandemic and lockdown measures in many jurisdictions impacted the commercial

performance of FCA Bank in H1 2020: managed portfolio decreasing 7% or € 1.9Bn at €

25.6Bn (vs. € 27.5Bn at December 2019)

Net Banking Income & Rental Margin slightly decreasing 5%, at € 487Mn (vs. € 510Mn at June

2019)

Cost of risk modestly increasing by 5 bps vs Dec.2019, at 0.30% and NPL stable vs.

Dec.2019, at 1.25%

Net Profit decreasing 5%, at € 225Mn (vs. € 238Mn at June 2019)

Solid liquidity position

CET 1* set at 15.34% (Consolidated perimeter); Total Capital of € 3.3Bn setting the Total

Capital Ratio at 17.10%

* preliminary

H1 2020 Results 06/08/2020 | 10

Outstanding by Business Line (End of Period)

1.6 1.5 1.3 1.3 1.3 1.4 1.7 2.2 2.8 3.5 3.6

10.8 10.3 9.5 9.8 10.0 11.013.0

14.415.8

16.9 16.3

3.7 4.13.7 3.9 4.0

4.8

6.0

7.3

8.27.1

5.7

16.1 15.914.5 15.0 15.3

17.2

20.7

23.9

26.827.5

25.6

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 H1 2020

Mobility - Rental Banking business - Retail financing Banking business - Dealer Financing

(€/Bn)

Business volumes: -7% globally, mainly driven by the lesser

profitable dealer financing business line (-20%)

FCA Brands currently accounting for ~ 80% of FCA Bank

average total portfolio

Italy48%

Germany18%

France8%

UK8%

Spain6%

Others12%

H1 2020

H1 2020 Results 06/08/2020 | 11

Performance Indicators

Basel III Banking Group

(effective 2015)

Note: Managed Portfolio figures are net of credit risk funds

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 H1 2020

Average Managed

Outstanding (€/Bn) 14.6 15.5 15.5 16.4 15.8 14.9 14.6 14.7 16.1 18.5 21.8 24.4 26.3 26.3

Net Banking Income /

Average Managed

Outstanding (%)

3.5% 3.5% 3.7% 3.7% 3.9% 4.1% 4.0% 3.8% 4.2% 4.0% 3.9% 3.9% 3.9% 3.7%

Net Profit

(€/Mn)119 137 105 147 153 167 172 182 249 312 383 388 467 225

CET 1

(Banking Group)

(%)

7.2% 8.2% 8.0% 8.8% 9.2% 10.6% 11.0% 11.7% 11.2% 11.3% 12.0% 12.5% 14.2% 15.3%*

* preliminary

H1 2020 Results 06/08/2020 | 12

Key Financial Indicators

Net Banking Income (€/M) & Percentage on Avg. Outstanding

Pre-Tax Income (€/M) & Percentage on Average Outstanding

Net Operating Expenses (€/M) &

Percentage on Net Banking Income

Cost of Risk (€/M) & Percentage on Average Outstanding

517 536 576 596 609 608 587 566667

732 841

9541025

487

3.5% 3.5%3.7% 3.7%

3.9%4.1% 4.0%

3.8%4.1% 4.0% 3.9% 3.9% 3.9% 3.7%

0.00%

0.50%

1.00%

1.50%

2.00%

2.50%

3.00%

3.50%

4.00%

4.50%

0

200

400

600

800

1,000

1,200

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 H12020

Net Banking Income NBI / Average Outstanding

87

117

145 145 144

116109

8370

5543 44

66

400.59%0.76%

0.93%0.89%0.91%0.78%0.75%

0.57%0.44%

0.30%0.20%0.18%0.25%

0.30%

0.00%

0.50%

1.00%

1.50%

2.00%

2.50%

0

20

40

60

80

100

120

140

160

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 H12020

Provisions (€/M) Cost of Risk (%)

190 189 184 213 229 257 248 257

359417

521 548638

301

1.3% 1.2% 1.2% 1.3% 1.4%1.7% 1.7% 1.7%

2.2% 2.3% 2.4% 2.2%2.4%

2.3%

-0.5%

0.0%

0.5%

1.0%

1.5%

2.0%

2.5%

-50

50

150

250

350

450

550

650

750

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 H12020

Pre-Tax Income Pre-Tax Income / Average Outstanding

240 230 234 239 236 235 231 227 236 245 264 277 293

133

47%43%

41% 40% 39% 39% 39% 40%35% 33%

31%29% 29% 27%

0.00%

5.00%

10.00%

15.00%

20.00%

25.00%

30.00%

35.00%

40.00%

45.00%

50.00%

0

100

200

300

400

500

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 H12020

Net Operating Expenses Cost/Income (%)

H1 2020 Results 06/08/2020 | 13

(€/Bn)2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

H1

2020Outstanding

EOP 14.9 15.2 16.1 16.1 15.9 14.5 15.0 15.3 17.2 20.7 23.9 26.8 27.5 25.6

Performance Indicators

119 137 105147 153 167 172 182

249312

383 388467

225

7.2%8.2% 8.0%

8.8% 9.2%

10.6% 11.0%11.7%

11.2% 11.3%

13.7% 14.0%

15.8% 17.1%

7.2%8.2% 8.0%

8.8% 9.2%

10.6% 11.0%11.7%

11.2% 11.3%

12.0%12.5%

14.2%15.3%

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 H1 2020

Total Capital Ratio including Tier 2 – Subordinated loans in place since 2017

JVA perimeter / Basel II Rules Basel III

Banking Group – CET 1

FCA Bank Group – Net Profit (€/M)

Banking Group – Total Capital Ratio

*

*

* preliminary

H1 2020 Results 06/08/2020 | 14

(€/M)

Gross

Exposure

weight

Net Exposure

weight

Coverage

ratio

Gross

Exposure

weight

Net Exposure

weight

Coverage

ratio

Gross

Exposure

weight

Net Exposure

weight

Coverage

ratio

Non-performing

loans1.21% 0.60% 50.80% 1.24% 0.64% 49.03% 1.25% 0.58% 53.95%

Performing

loans98.79% 99.40% 0.54% 98.76% 99.36% 0.52% 98.75% 99.42% 0.56%

Total 100.00% 100.00% 1.15% 100.00% 100.00% 1.12% 100.00% 100.00% 1.22%

December 31st, 2018 December 31st, 2019 June 30th, 2020

(€/M)Gross

Exposure

Allowance for

loan and

lease losses

Net

Exposure

Gross

Exposure

Allowance for

loan and

lease losses

Net

Exposure

Gross

Exposure

Allowance for

loan and

lease losses

Net

Exposure

Non-performing

loans287.8 (146.2) 141.6 299.4 (146.8) 152.6 274.2 (147.9) 126.2

Performing

loans23,574.1 (127.7) 23,446.4 23,876.5 (124.0) 23,752.5 21,693.4 (120.5) 21,572.9

Total 23,861.9 (273.9) 23,588.0 24,175.9 (270.8) 23,905.1 21,967.6 (268.4) 21,699.2

December 31st, 2018 December 31st, 2019 June 30th, 2020

Credit Quality – Banking Perimeter

* Coverage ratio refers to the ratio between risk fund provisions and loans exposure.

H1 2020 Results 06/08/2020 | 15

Residual Value

(€/M) December 31st, 2018 December 31st, 2019 June 30th, 2020

Consumer loans and leases:

- Residual Value assumed by FCA Bank 912 1,102 1,037

of which UK market 700 687 568

Provision for residual value 41 37 32

Provision (%) 4.50% 3.36% 3.09%

(€/M) December 31st, 2018 December 31st, 2019 June 30th, 2020

Rental:

- Residual Value assumed by Leasys 1,230 1,497 1,563

Provision for residual value 34 24 24

Provision (%) 2.76% 1.60% 1.54%

H1 2020 Results 06/08/2020 | 16

Residual Value by Country

(€/M) FCA Bank (Retail/PCP) Leasys (Rental)

December 31st, 2018 912 1,230

December 31st, 2019 1,102 1,497

June 30th, 2020 1,037 1,563

N. of Vehicles

with RV

Exposure in H1

2020 (units / K)

Total Residual

Values in H1

2020 (€/M)

Average exposure per vehicle: ~ € 9.7K

3

6

14

15

114

152

Other

ES

UK

FR

IT

Tot. FCA Bank

5

5

6

9

91

116

Other

ES

FR

IT

UK

Tot. FCA Bank

48

65

174

194

1,082

1,563

Other

ES

FR

UK

IT

Tot. FCA Bank

81

117

133

138

568

1,037

Other

ES

FR

IT

UK

Tot. FCA Bank

H1 2020 Results 06/08/2020 | 17

4.3 3.5 3.0 3.5 3.8 3.3 4.1 3.8 3.1 3.5 4.4 5.7 5.6

4.1

1.0 1.8

1.8 1.2 1.3

1.8

4.8

3.9 3.5 3.2 3.1 3.0

2.4 2.7 4.1

3.8

4.8

6.2 5.9

4.4 0.2

0.5

0.9 1.1

1.4 5.2

6.4 8.4 8.0 7.1

5.2 5.1 4.1

2.7 2.8

2.7

3.0 3.5

4.1

0.1 0.2

0.3

0.5 0.5 0.5

1.5 2.3

3.1

5.1

7.5

8.9

8.7 9.0

8.6

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 H1 2020

Bonds

CPs

CA Group

Deposits

Banks

ECB

Securitizations

24.7

Funding Sources Evolution

(€ / Bn)

16.0

13.713.913.0

14.514.714.914.314.9

23.1

19.5

25.9 26.7

17%

17%

7%

17%6%

35%

1%

H1 2020

H1 2020 Results 06/08/2020 | 18

Italian Antitrust Authority – AGCM

On 15 May 2017, the Italian Anti-Trust Authority (Autorità Garante della Concorrenza e del Mercato - AGCM) announced the launch of an inquiry into nine car

financing operators, or “captives”, which represent the industry in almost its entirety, and two trade associations Assofin “Associazione Italiana del Credito al

Consumo e Immobiliare” and Assilea “Associazione Italiana Leasing” to ascertain if there was any violation of the TFEU (Article 101 of the Treaty on the

Functioning of the European Union – Anti-competitive agreements) in the automotive financing industry. FCA Bank S.p.A. (“Company”) was one of the nine

operators covered by the inquiry, which was intended to investigate alleged exchanges of information.

AGCM communicated that the procedure, which was scheduled to end on 31 July 2018, was extended until 31 December 2018.

The Decision was served to the company on 9th January 2019 indicating that the AGCM found the company, together with the other captives, had been

exchanging commercially sensitive information via direct contacts, as well as through the local industry associations Assofin and Assilea, with a view –

according to the AGCM – to coordinating their commercial strategies with respect to car loans and leasing offerings, in breach of the TFEU.

The AGCM imposed a total sanction of euro 678 million to the involved parties, and specifically fined the Company euro 178.9 million.

Whilst respecting the work of the AGCM, the Company believes that the charges raised in the decision against FCAB are inaccurate. In this respect the

Company considers that the grounds of appeal are relevant and worth pursuing. Therefore, the Company will challenge the decision before the competent

administrative Courts along with a request for an order from the Court to suspend the payment of the fine.

However, the Company has recognized a provision, amounting to euro 60 million, to cover the related risks.

This provision did not have a material impact on any of the prudential ratios of the banking Group (both on consolidated and on a standalone basis). For the

sake of clarification, had a provision for the maximum amount of the fine been set aside, the consolidated and the standalone prudential ratios would still have

been above the regulatory requirements.

On 4th April 2019 the Regional Administrative Court of Rome (Lazio), considering the need to pursue the complex case in details (including the magnitude of

the sanction), ruled in favor of the suspension of the payment and set the date of the court hearing concerning the trial on the merits. Court hearing is

scheduled on 26th February 2020. Pursuant to the ruling, FCA Bank will provide AGCM with a bank guarantee for an amount equal to the sanction, which will

be retained by AGCM until the decision on the merits becomes enforceable.

On 26° February 2020 the Regional Administrative Court of Rome (Lazio) decided to postpone any decision following the introduction of additional reasons by

some plaintiffs. Next Court Hearing has been scheduled on 21 October 2020.

H1 2020 Results 06/08/2020 | 19

Contacts

Riccardo Mesturino Group Treasurer riccardo.mesturino@fcagroup.com

Giovanni Gili Debt Capital Markets & IR giovanni.gili@fcagroup.com

Ticker: FCABNK

www.fcabankgroup.com

FCA Bank SpA

Bloomberg

Website