Q2 2013 Results Review - FCA Group · Q2 2013 Results Review . 3 . Q2 „13 Executive summary • Worldwide shipments for mass-market car brands up 5% year-over-year to 1.2mn units

20 Novembre, 2010

Q2 2013 Results Review

July 30, 2013

July 30, 2013 Q2 2013 Results Review 2

Cer ta i n i n fo rmat i on i nc l uded i n th i s p r esenta t i on ,

i nc l ud i ng , w i thout l im i ta t i on , any f o recas t s i nc l uded

he re i n , i s f o rwa rd l ook i ng and i s sub j ec t t o impo r tan t

r i sks and unce r ta i n t i e s tha t c ou l d cause a c tua l resu l t s

t o d i f f e r mate r i a l l y . The Group ‟ s bus i nesses i nc l ude

i t s au t omot i ve , au t omot i ve - re l a ted and o the r sec t o rs ,

and i t s ou t l ook i s p r edominant l y ba sed on i t s

i n te rp re ta t i on o f wha t i t cons i der s t o be the key

economi c f ac to r s a f f ec t i ng t hese bus i nesses . Fo rwa rd -

l ook i ng s ta tements w i th r ega rd to the G roup ' s

bus i nesses i nvo l ve a number o f impo r tan t f ac to rs tha t

a r e sub jec t t o change, i nc l ud i ng , bu t no t l im i ted to :

the many i n te r r e l a ted f ac to rs tha t a f fe c t consumer

con f i dence and wo r l dw ide demand fo r au t omot i ve and

au tomot i ve - re l a ted produc t s and changes i n consumer

pre fe rences tha t cou l d reduce re l a t i ve demand fo r the

Group ‟ s p roduc t s ; gove rnmenta l p r og rams ; gene ra l

e conomi c cond i t i ons i n each o f the Group ' s ma rket s ;

l eg i s l a t i on , pa r t i cu l a r l y tha t re l a t i ng to au tomot i ve -

r e l a ted i s sues , the env i r onment , t r ade and commerce

and i n f ras t ruc t u re deve l opment ; a c t i ons o f

c ompet i t o rs i n the va r i ous i ndus t r i es i n wh i ch the

G roup competes ; p roduc t i on d i f f i cu l t i es , i nc l ud i ng

capac i t y and supp ly cons t ra i n t s , excess i nvento ry

l eve l s , and the impac t o f veh i c l e de fec t s and/o r

p roduc t reca l l s ; l abo r r e l a t i ons ; i n te res t ra tes and

cu r r ency exchange r a tes ; ou r ab i l i ty t o rea l i ze

bene f i t s and syne rg ie s f rom ou r g l oba l a l l i ance among

the Group ‟ s members ; subs tan t i a l debt and l im i t s on

l i qu i d i t y tha t may l im i t ou r ab i l i t y t o execute the

Group ‟ s combined bus i ness p l ans ; po l i t i c a l and c i v i l

un res t ; ea r thquakes and o the r r i sks and uncer ta i n t i es .

Any o f the assumpt i ons unde r l y i ng th i s p resent a t i on o r

any o f the c i r cumstances o r da ta ment i oned i n th i s

p r esenta t i on may change . Any fo rwa rd - l ook i ng

s ta t ements c onta i ned i n th i s p resent a t i on speak on l y

a s o f the da te o f th i s p r esenta t i on . We exp ress l y

d i s c l a im a duty t o p rov i de upda tes t o any f o rwa rd -

l ook i ng s ta t ements . F i a t does not a ssume and

exp ress l y d i s c l a ims any l i ab i l i t y i n connec t i on w i th

any i nac cu ra c i es i n any o f these f o rwa rd - l ook i ng

s ta t ements o r i n connec t i on w i th any use by any th i rd

pa r ty o f such f o rwa rd - l ook i ng s ta t ements . Th i s

p r esenta t i on does not r ep resent i nves tment adv i ce o r

a recommendat i on f or t he pu rchase o r sa l e o f f i nanc i a l

p r oduc t s and/o r o f any k i nd o f f i nanc i a l se rv i ces .

F i na l l y , th i s p resent a t i on does not r ep resent an

i nves tment so l i c i t a t i on i n I t a l y , pu rsuant t o Sec t i on 1 ,

l e t t e r ( t ) o f Leg i s l a t i ve Dec ree no . 58 o f F eb rua ry 24 ,

1998, as amended, no r does i t r ep resent a s im i l a r

so l i c i t a t i on as c ontempl a ted by t he l aws i n any o the r

c oun t r y o r s t a te .

Safe Harbor Statement


Q2 „13 Executive summary

• Worldwide shipments for mass-market car brands up 5% year-over-year to 1.2mn units

Double-digit growth for LATAM & APAC, NAFTA up 4%, and EMEA down 5%

• Strong quarterly results, underpinning unchanged FY guidance

Revenues at €22.3bn

Trading profit in excess of €1.0bn

EBIT of €1.1bn

Net profit of €435mn

Net industrial debt reduced to €6.7bn

Available liquidity strong at €21bn (including €3.0bn in undrawn committed credit lines)

• Group successfully concluded several transactions in debt capital markets

Chrysler successfully re-priced its $3.0bn term loan and $1.3bn undrawn credit facility, while amending certain loan covenants to be consistent with Company‟s bond agreement

Fiat renewed its 3-year €2.0bn revolving credit facility, subsequently increased to €2.1bn

At beginning of July, Fiat issued a 6-year €850mn bond under GMTN program (6.75% fixed coupon)

• VEBA

On July 8, Fiat notified VEBA of its exercise of its option to purchase a third tranche of interest held by VEBA in Chrysler Group LLC, representing ~3.3% of Chrysler‟s outstanding equity, for ~$255mn (following completion of purchase of 3 tranches, Fiat to hold 68.49% of Chrysler‟s outstanding equity)

Chrysler continuing to work on preparation for eventual IPO


• Unabated implementation of

WCM program continuing

across Group‟s plants

Integrated manufacturing

methodology applying highest

worldwide standards in safety,

environment, maintenance, logistics

and quality

• Pomigliano plant received

“Gold” award in Q2

Group‟s 1st assembly plant to

receive this prestigious recognition

MAJOR ACHIEVEMENTS TO DATE

September

KEY STEPS

June

November

June

“Bronze” status

“Silver” status

“Gold” status

Received prestigious international “Automotive Lean Production 2012” award in OEM category

• Safety front and center

540+ days without any injuries

• Strong commitment from shop floor to top management

100% people involvement

34 suggestions for improvement per person in 2012

• Significant improvement in product quality

Wide application of tools for process control

New Panda recording best quality tracking index among peers

• Environmental impact strongly reduced

CO2 emissions (tons/car) down 50% vs. 2007 levels

Waste (kg/car) reduced by 70% vs. 2007 levels

• Yearly percent savings (as percent of transformation costs) at Pomigliano plant above Group‟s average

World Class Manufacturing Pomigliano plant – Striving for excellence


21,524

Q2 „13 Q2 „12

Net profit (€mn)

Net industrial debt (€bn)

Liquidity (€bn)

Trading profit (€mn)

EBIT (€mn)

947 1,029

932 1,057

Cash & Mktable Securities

Undrawn committed credit lines

Net revenues (€mn)

239

435

6.7

Mar 31 „13

7.1

3.0

21.3 21.0

3.0

18.3 18.0

• Group revenues increased 4% driven by NAFTA, APAC and LATAM (EMEA reporting a 3% contraction) with double-digit growth for Luxury and Performance

• A 9% improvement in nominal terms (+12% at

constant exchange rates)

Trading margin of 4.6%

• Mass-market brands

NAFTA: €668mn (+5.8% margin)

LATAM: €224mn (+7.9% margin)

APAC: €99mn (+8.9% margin)

EMEA: -€98mn (-2.1% margin)

• Luxury & Performance Brands: €105mn

(+11.9% margin)

• Components: €60mn (+2.8% margin)

• Mass-market brands

NAFTA: €733mn

LATAM: €224mn

APAC: €76mn

EMEA: -€74mn

• Luxury and Performance brands: €105mn

• Components: €60mn

• Profit of €142mn attributable to owners of the parent

(€32mn profit for Q2 2012)

• Loss of €247mn, in line with Q2 2012, for Fiat excl.

Chrysler

• Income taxes of €120mn

Fiat excl. Chrysler amounted to €89mn related

primarily to taxable income of companies operating

outside Italy and employment-related taxes in Italy

• Reduction in net industrial debt mainly driven by positive operating cash flow for Fiat ex Chrysler

• Group liquidity inclusive of undrawn credit lines in line with Q1 levels despite a significant impact in negative currency translation

• Fiat excl. Chrysler at €10.9bn (€11.0bn at end Q1)

• Chrysler at €10.1bn (unchanged over Q1-end in local currency at $13.2bn including $1.3bn in undrawn committed lines)

Q2 „13

Q2 „13 Q2 „12 (1)

Q2 „13

Jun 30 „13

Mar 31 „13 Jun 30 „13

22,325

(1) Restated for adoption of IAS 19 as amended (Trading Profit/EBIT reduced by €63mn; Net Profit reduced by €119mn) Note: Graphs not to scale

Q2 „12 (1)

Q2 „12 (1)

Q2 „13 financial highlights All regions contributing to improvement in profitability


11.0

2.6 0.8

4.9

0.8 2.0

(0.6)

21.5

11.5

2.8 1.1

4.8

0.9 2.1

(0.9)

22.3

NAFTA LATAM APAC EMEA Ferrari &Maserati

Components Other &Eliminations

Fiat Group

MASS-MARKET BRANDS

687

238 60

(184)

104 47

(20)

932 733

224 76

(74)

105 60

(67)

1,057

NAFTA LATAM APAC EMEA Ferrari &Maserati

Components Other &Eliminations

Fiat Group

MASS-MARKET BRANDS

Q2 2012 Q2 2013

(1) 2012 restated for adoption of IAS 19 as amended (NAFTA: -€57mn; Components: -€1; Eliminations and Adjustments: -€6mn)

Note: Graphs not to scale

Group revenues up 4% (+6% at constant exchange rates)

• NAFTA up 5% (+7% in USD terms)

• LATAM up 8% (+15% at constant exchange rates)

• APAC up 46%

• EMEA down 3%

• Luxury and Performance brands up 14%, driven by Maserati

EBIT performance reflecting further reduction in trading losses in EMEA, a strong performance in APAC with results in NAFTA and LATAM supportive of FY Group target

• NAFTA up 7%

• LATAM in line with Q2 2012 net of unfavorable currency translation impacts

• APAC up 27%

• Net of unusuals, EBIT losses in EMEA reduced by €34mn

• Luxury and Performance brands in line with Q2 2012

(1) (1) (1)

(1)

Q2 „13 financial highlights Performance by segment

EBIT before unusuals • 2012: €(93)mn • 2013: €(59)mn

EBIT before unusuals • 2012: €999mn • 2013: €1,045mn

EBIT before unusuals • 2012: €660mn • 2013: €667mn


Note

(1) Restated for adoption of IAS 19 as amended (Trading Profit/EBIT reduced by €63mn; Profit before Taxes/Net Profit reduced by €119mn)

(2) “Financial charges, net” includes a €21mn gain from the mark-to-market value of stock option-related equity swaps (€9mn loss in Q2 „12)

€mn (unless otherwise stated)

Fiat Group Fiat ex Chrysler

Q2 „13 Q2 „12 (1) Q2 „13 Q2 „12 (1)

Worldwide Shipments (mass-market brands - Units „000)

1,155 1,102 530 507

Net Revenues 22,325 21,524 9,404 9,240

Trading Profit % of revenues

1,029 +4.6%

947 +4.4%

125 +1.3%

138 +1.5%

Investment income, net 16 52 20 52

EBIT BEFORE UNUSUALS 1,045 999 145 190

Unusual items, net 12 (67) (55) (94)

EBIT 1,057 932 90 96

EBITDA 2,199 1,973 677 610

Financial charges, net 2) (502) (519) (248) (252)

Pre-tax result 555 413 (158) (156)

Taxes (120) (174) (89) (92)

Net result 435 239 (247) (248)

Q2 „13 From trading profit to net result


(€mn)

Salaried pension plans freeze

166

NHTSA recall request (115)

Other, net (39)

TOTAL UNUSUAL ITEMS 12

Breakdown of unusual items Q2 2013

SALARIED PENSION PLANS FREEZE

• Chrysler Group amended its U.S. and Canadian salaried defined benefit pension plans to cease accrual of future benefits (effective Dec 31, 2013 and Dec 31, 2014, respectively) and enhance retirement factors

Going forward, impacted employees will be covered by existing defined contribution plans

• Plan changes resulted in a curtailment gain and plan amendments which were recognized as a €166mn ($218mn) net reduction to pension obligation with a corresponding gain in Q2 2013

Under U.S. GAAP, curtailment gain and plan amendments were a net reduction to pension obligation offset in accumulated other comprehensive income

PROVISION FOLLOWING NHTSA RECALL REQUEST

• Charge of €115mn ($151mn) related to voluntary safety recall for 1993-1998 Jeep Grand Cherokee and 2002-2007 Jeep Liberty as well as customer satisfaction action for 1999-2004 Jeep Grand Cherokee


Q2 „13 net industrial debt walk

Change in Net Industrial Debt +394

Cash Flow from operating activities, net of Capex +219

€mn

(7,105) (6,711)

March 31, 2013

June 30, 2013

Industrial EBITDA

Financial Charges & Taxes

Change in Funds & Other

Working capital

Capex Investments, Scope & Other

Capital increase /Repos/

Dividends

FX translation

effect

2,162

(578)

648

(1,904)

2 82 (109)

91

• For Fiat excl. Chrysler, net industrial debt decreased €0.3bn over March-end to €5.4bn

Cash from operating activities (including a seasonally positive contribution from working capital) exceeded Capex of €0.9bn

• Chrysler reduced net industrial debt by €0.1bn to €1.3bn

Capex covered by cash from operating activities

MASS-MARKET BRANDS BY REGION

LUXURY AND PERFORMANCE BRANDS

COMPONENTS AND

PRODUCTION SYSTEMS

BUSINESS ENVIRONMENT OVERVIEW

2013 GUIDANCE

1

2

3

4

5

11 July 30, 2013 Q2 2013 Results Review

TOTAL NAFTA Q2 „13 Q2 „12

Shipments (k units)

572 549

Revenues (€mn)

11,497 10,979

Trading Profit (1)

(€mn) 668 660

EBIT (1)

(€mn) 733 687

Mass-market brands Highlights

FINANCIAL PERFORMANCE

• Generally good trading conditions in the region with Group outpacing growing U.S. and Canada markets

• Revenues up 5% (+7% in USD terms) primarily due to higher shipment volumes

• Slight increase in trading profit reflecting impact of higher shipments and improved pricing partly offset by increased industrial costs related to new product launches and content enhancements

Trading margin down 20bps to 5.8%

• EBIT up €46mn mostly due to unusual items

Charge related to voluntary safety recall for 1993-1998 Jeep Grand Cherokee and 2002-2007 Jeep Liberty as well as customer satisfaction action for 1999-2004 Jeep Grand Cherokee

Net gain resulting from freeze of U.S. and Canadian salaried employee defined benefit pension plans effective Dec 31, 2013, and Dec 31, 2014, respectively

COMMERCIAL PERFORMANCE & HIGHLIGHTS

• Shipments up 4%

U.S.: 468k vehicles (+5%)

Canada: 80k (+9%)

Mexico: 21k (-11%)

• Group vehicle sales up 10% to 582k units, with U.S. up 10% and Canada up 9%

• U.S. & Canada combined sales

Ram +29%; Dodge +16%; Jeep +1%; Fiat -2%; Chrysler -4%

• U.S. dealer inventory at 68 days supply (1) 2012 restated for adoption of IAS 19 as amended


Mass-market brands EBIT walk

€mn • Volume increase of 23k units primarily related to new vehicle launches, partly offset by lack of Jeep Liberty production in 2013

• Positive mix primarily reflecting higher retail volumes

• Positive net price partly driven by vehicle content enhancements on recent launches

• Industrial costs impacted by key product launches and content enhancements

• SG&A increased to support business growth

• Other includes a charge related to Jeep voluntary safety recall / customer satisfaction action and a net benefit as a result of U.S. and Canadian salaried employee defined benefit pension plan changes

687 733

123

211

(241) (46) (1)

Q2 2012 (1) Net price Industrial costs

SG&A Investments / FX / Other

Q2 2013 Volume & Mix

(1) 2012 restated for adoption of IAS 19 as amended


9.4 10.6

11.2 11.4

12.9

14.9 14.5 15.1

*Company calculation; retail sales (excluding fleet) versus industry retail sales (excluding fleet)

Mass-market brands Market trends & business dynamics

Q3 Q2 Q4 Q2 Q1 Q3 Q4 Q1

2010 2011

QUARTERLY MARKET SHARE

(%)

INDUSTRY VOLUME (MN UNITS)

0.51 0.54

Q2 '12 Q2 '13

3.9 4.2

Q2 '12 Q2 '13

Q2

U.S.

• Q2 „13 industry up 8% vs. prior year

Cars +4%; Trucks +12%

• Q2 Group sales up 10% vs. a year ago

Ram brand posting best Q2 sales since 2007

June marked the 39th consecutive month of year-over-year sales gains

Best June sales since 2007

• Market share up 20 bps, driven by a 17% increase in retail (excl. fleet) sales

Retail of retail market share* at 11.0%, up 70 bps

Fleet mix at 22%, down from 27% in Q2 „12

CANADA

• Q2 „13 industry up 5% vs. prior year

Cars -0.5%; Trucks +9%

• Q2 „13 Group sales up 9% vs. a year ago

June marked the 43rd consecutive month of year-over-year sales growth (longest streak in company‟s history)

June passenger car sales up 46% in June, confirming Chrysler Canada as #1 seller of mid-size cars in Canada

• Market share up 60 bps vs. prior year

Gain driven by strong performance for Dodge Dart, Dodge Avenger, Jeep Compass and Ram 1500 pickup

Retail of retail* market share at 12.6%, up 40 bps

Q3 Q4 Q1

2013

Q2

2012


TOTAL LATAM Q2 „13 Q2 „12

Shipments (k units)

258 226

Revenues (€mn)

2,839 2,624

Trading Profit (€mn)

224 238

EBIT (€mn)

224 238



• Quarter characterized by strong industry (+9%), particularly Brazil and Argentina, and generally good trading conditions throughout the region

Brazil up 7%, best Q2 ever (H1: +5% to 1.7mn units, all-time industry record)

Argentina up 21%

Other LATAM countries up 8%

• Revenues up 8% (+15% at constant exchange rates) driven by volume growth

• Trading profit in line with last year‟s level, net of unfavorable currency translation

Positive impact of higher volumes and favorable mix compensating for inflationary increases in industrial costs and SG&A

Trading margin at 7.9% (9.1% in Q2 „12)


• Total Group shipments up 14%

Brazil: 215k shipments (+11%)

Argentina: 29k shipments (+46%)

Other LATAM markets: 14k shipments (+14%)

• Strong sales performance in quarter (+10%)

• Company & dealer inventory slightly increased to support H2 seasonality, in line with competition



€mn

238 224

94 46

(113) (19)

(22)

Q2 2012 Net price Industrial costs

SG&A Investments FX / Other


• Better volume and mix on the back of 32k increase in shipments, mainly driven by strong performance in Brazil

• Positive price impact driven by select model price repositioning and new product initiatives

• Higher industrial costs due to higher labor cost and less favorable production mix (Argentina vs. Brazil)

• Higher SG&A driven by new advertising campaigns in Brazil

• Other mainly related to FX translation impact


REGIONAL OVERVIEW

Brazil

• Strengthened leadership in Brazil market (now 350bps ahead of nearest competitor)

• Group products continued to perform well Continued success of New Palio driving increase to a

27% share of A/B segment

Siena and Grand Siena up 44%

Strada up 29% with a 53% segment share

• Market pointing to record sales in 2013, entering H2, seasonally stronger than H1 Tough comps in Q3 due to exceptionally strong 2012

after IPI tax cut introduction


(PASSENGER CARS & LCVS; %)

INDUSTRY VOLUME (TOTAL LATAM; MN UNITS)

11.8 11.2 11.2 12.8

23.5 22.7 22.1 22.1

Passenger cars LCVs

1.1 1.2

0.3 0.3

Q2 '12 Q2 '13

1.5 1.4

Q3 Q2 Q4 Q2 Q1 Q3 Q4 Q1

2010 2011

Q2 Q3 Q4 Q1

2013

Q2

2012

11,486

12,416 12,915

12,242 12,470

17,033

15,972

17,629

14,609

14,848

14,858

17,187

13,509

12,377

13,435

14,412 14,336

15,160

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

2012 2013

Industry average daily sales by month (passenger cars & LCVs; units)

Argentina

• Group sales up 38% in Argentina, outpacing industry Share gain of 160bps facilitated by improved customs

clearance for vehicle imports from Brazil




TOTAL APAC Q2 „13 Q2 „12

Shipments

(k units) 38 26

Revenues

(€mn) 1,117 763

Trading Profit

(€mn) 99 64

EBIT (€mn)

76 60

APAC industry reflects aggregate for key markets where Group competes (i.e. China, India, Australia, Japan, South Korea)


• Stable demand conditions in the region with continual growth in China and Australia partly offset by weaker demand in Japan, India and South Korea

• Revenues up 46% primarily driven by Jeep, Chrysler and Dodge brands (over 90% of total revenue)

Shipments up 46%

• Trading profit 1.5x last year‟s levels

Increase primarily driven by volume growth, partly offset by increased industrial and SG&A expenses to support business expansion plans

Trading margin at 8.9% up 50 bps

• EBIT up 27% with trading profit performance not fully reflected mainly due to start-up costs for the Chinese joint venture


• Retail sales (incl. JVs) +75% to 46k vehicles on the back of strong performance of Jeep, Fiat and Dodge brands

Continued share gain for Jeep with sales (~50% of total APAC) up 14% vs. prior year

Launch of Dodge Journey in China well-received with Q2 sales placing vehicle third-best selling for the Group in the region (after Jeep Compass and Fiat Viaggio)

Fiat brand volumes more than tripled last year‟s levels thanks to Viaggio model

• 2014 Jeep Grand Cherokee with new styling and 8-speed automatic transmission launched in China and Australia

• Completed transition from previous JV to Group‟s newly-formed commercial and marketing operations in India

Industrial activities still managed through a JV with Tata



€mn

60

76

66

(6)

(35) (10)

1


SG&A Investments / FX / Other


• Impact from increased shipments (+12k units) partly offset by less favorable mix due to higher penetration of sedans and smaller-sized SUVs

• Increased industrial costs due to higher R&D and fixed manufacturing costs related to new product initiatives and increased production volume

• Increased SG&A expenses to support volume growth and continued regional expansion


INDUSTRY VOLUME1

(PASSENGER CARS & LCVS; MN UNITS)

0.2%

0.3%

0.4%

0.7% 1.1%

1.4%

1.9%

2.5%

1.1% 1.0%

0.4%

0.3% 0.2%

0.5%

0.4%

0.4%

1.Reflects aggregate for key markets where Group competes (i.e. China, India, Australia, Japan, South Korea)


(PASSENGER CARS & LCVS; %)


5.9 6.2

Q2 '12 Q2 '13

2010 2011 2012

REGIONAL OVERVIEW

Group sales (incl. JV) significantly outperforming industry in region (up 6%) driven by strong performance in China and Australia

CHINA

• Group sales up 145% posting the best sales improvement in a market growing 13%

Share gain of 40bps driven by recently launched Fiat Viaggio & Dodge Journey and continued growth of Jeep brand in China

Jeep Compass, Fiat Viaggio, Dodge Journey are top-selling nameplates

AUSTRALIA

• Market up 5% with Group continuing to gain share on the back of 39% sales growth led by strong performance of Jeep brand (+18%)

Jeep brand making up two-thirds of total Q2 Group sales

Fiat, Alfa Romeo, Abarth and LCV vehicles up 173% vs. a year ago

JAPAN

• Group sales up 9% primarily driven by robust performance of Fiat brand (+45%) despite normalizing industry (-8% vs. last year) following strong recovery in 2012 from earthquake

SOUTH KOREA

• Demand slightly down with Group sales bucking the trend, +3% mainly driven by Jeep brand (+12%)

Q3 Q2 Q4 Q2 Q1 Q3 Q4 Q1 Q2 Q3 Q4

2013

Q1 Q2



TOTAL EMEA Q2 „13 Q2 „12

Shipments (k units)

287 301

Revenues (€mn)

4,780 4,920

Trading Profit (€mn)

(98) (138)

EBIT (€mn)

(74) (184)

Note (!) Harbour definition: 235 days p.a. / 16 hours per day (2) Technical definition: 280 days p.a. / 3 shifts per day


• Persisting market weakness in the Eurozone, exacerbated by highly competitive environment Decline in EU27+EFTA Passenger Car segment softened in the

quarter thanks to improved year-over-year trend in April, but May down 6% and June down 6% (worst June since 1996 with registrations below 1.2mn mark)

LCV segment performance in Q2 in Europe mostly impacted by poor demand in Italy (-22% vs. a year ago)

• Revenues down 3%

• Trading loss further reduced by €40mn A ~30% improvement as a result of continued discipline on cost

management more than offsetting lower volumes and continued pricing pressures

• EBIT loss excl. unusuals reflecting improvement in trading profit performance Q2 2012 included €91mn charge due to a write-down of investment

in SevelNord JV

Positive result from investments of €39mn (€45mn in Q2 2012)


• Overall shipments down 5%, or 14k units Passenger cars down 5% to 234k units, with 13k units decline

almost fully attributable to contraction in demand in Italy and supply shortage of components for certain models

Shipments of LCVs down 3% to 53k units with improved performance in several EMEA markets partly compensating for 3k volume decline in Italy

• Overall production capacity utilization in the region slightly improved vs. prior quarter while maintaining rigorous management of inventory Utilization rate at 70% under Harbor definition (44% under

Technical definition)

Total inventory levels stable at ~2 months supply



€mn

• Negative volume, reflecting decline in passenger car shipments, offset by better mix, mostly attributable to success of Fiat 500L

• Continued pricing pressure in key segments

• Industrial costs positive on the back of WCM program and sourcing efficiencies

• Continued positive trend on SG&A spending

• Other includes unusual charge related to write-down in Q2 ‟12, partially offset by unfavorable FX, lower result from investments and negative unusual items in 2013

(184)

(74)

3

(61)

37

68

63


SG&A Q2 2013 Volume & Mix

Investments / FX / Other


3.5 3.3

Q2 '12 Q2 '13


(%)


7.7 7.4 6.8 6.3

30.6 30.0 31.2 29.3

0.41 0.38

Q2 '12 Q2 '13

Mass-market brands Passenger cars: market trends & business dynamics

EU27+EFTA

EU27+EFTA EU27+EFTA

• Q2 industry down 4% (H1: down 7%) with mixed performance across major markets An 8% market drop in Italy and France and a 4%

contraction in Germany

UK market up 13% fostered by fleets renewals; Spain up 2% on the back of Pive2 incentive program

Continued reduction in weight of Italian market (down 50bps to 11.2% of total industry)

• Group sales down 11% to 210k units

• Share loss of 50bps with gains in France and Spain (+30bps each) unable to counter performance in Italy and Germany Share performance affected by supply shortage

of components for certain models

Undisputed leadership in A-segment with Fiat 500 and Panda ranked in top-2 positions (share of 14.3% and 13.5%, respectively)

Fiat 500 at 14.2% segment share in June (200bps gain)

Strong performance of 500L, topping 18k sales in the quarter, competing for leadership of Small MPV segment with a 16.1% share

ITALY

• Group share down 190bps vs. a year ago Tough comps due to recovery in Q2 „12 of sales

loss caused by car hauler strikes in Q1 ‟12

Q3 Q2 Q4 Q2 Q1 Q3 Q4 Q1

2010 2011

Q2 Q3 Q4 Q1

2013

Q2

2012


Mass-market brands LCVs: market trends & business dynamics

QUARTERLY MARKET SHARE*

(%)


0.43 0.41

Q2 '12 Q2 '13

* Due to unavailability of official data for the LCV market since Jan 2011, figures reported beyond that date are an extrapolation. Therefore, marginal discrepancies versus actual data may exist

EU27+EFTA

EU27+EFTA

13.8 14.5 13.5 13.5

44.7 45.5 44.3 43.6

0.03 0.03

Q2 '12 Q2 '13

• Q2 industry demand still negative (-3%) in EU27+EFTA, but contraction softening compared to Q1

Growth in UK (+8%) and Spain (+12%) more than offset by declines in Italy (-22%) and France (-9%); stable market in Germany

• Group sales of 56k units substantially in line with industry trend

• Fiat Professional share stable, notwithstanding unfavorable market mix

Strong performance by Fiat Ducato posting 120bps share gain, now ranked #1 in segment

Brand gaining 60bps share in EU27+EFTA excl. Italy (11.4% in Q2 „13) on the back of +10bps in Germany, +70bps in France, +180bps in UK, +240bps in Spain

EU27+EFTA

Q3 Q2 Q4 Q2 Q1 Q3 Q4 Q1

2010 2011

Q2 Q3 Q4 Q1

2013

Q2

2012


Luxury & Performance brands Ferrari & Maserati

2

• Q2 revenues up 6% to €626mn

Shipments of 1,969 street cars (+2% vs. Q2 2012)

Positive performance for 12-cyl models (+29%), particularly F12 Berlinetta; 8-cyl models down 5% over prior year

U.S. up 6%, undisputed #1 market for brand

Higher volumes in Europe, with gains in UK (+17%), Germany (+8%), Switzerland (+6%) more than offsetting contractions in Italy (-9%) and France (-17%)

Middle East up 13%

Asia-Pacific down 9%

• Trading profit up 9% to €96mn

Improvement reflecting both higher sales volumes and strong contributions from licensing and personalization program

Trading margin up 30bps to 15.3%

• Revenues up 34% to €282mn

Shipments of 2,291 vehicles, up ~30% vs. prior year on the back of continued success of GranTurismo and GranCabrio, in addition to commercial launch of new Quattroporte

All models driving significant gains in nearly all markets

• Trading profit of €9mn vs. €15mn a year ago

Decrease primarily attributable to higher costs associated with launch of new Quattroporte

Trading margin at 3.2% (Q2 2012: 7.1%)

• New product highlights

New Quattroporte very well received by markets with order intake of ~8k units since launch

Production of high-end E-segment Ghibli to ramp up in Q3; a model expected to generate significant growth for Maserati brand over next few years (2k+ orders already taken to-date)

USA 24%

European Top-5 34%

China, Hong Kong & Taiwan 10%

Japan 5%

Others 27%

USA 47%

European Top-4 11%

China 15%

Japan 3%

Others 24%


Q2 „12 Q2 „13

1,467 1,587

37 50

Q2 „12 Q2 „13

• Revenues up 8% over prior year (+10% at constant exchange rates)

Lighting up 16% on the back of performance in China, as well as NAFTA where several new products launched in H2 „12, while Europe substantially unchanged

Electronic Systems up 15% primarily reflecting higher sales of telematics box and navigation systems to non-captive customers

Powertrain up 11% with sales to Chrysler making a significant contribution

• Trading profit up 35%

Benefit of higher revenues being partially offset by higher costs associated with launch of new high-tech products in NAFTA

Trading margin up 70bps to 3.2%

Operational Highlights

• Operations in NAFTA, China and Brazil registered increase (at constant exchange rates), while Europe was substantially flat despite contractions in Germany and Czech Republic

• Order acquisition (+86% in Q2) progressing in line with growth plans

3 Components & Production Systems

Q2 „12 Q2 „13

204 189

3

(1)

Q2 „12 Q2 „13

• Revenues down 7%

Volumes for Cast iron business unit down 6% due to lower activities in Europe and NAFTA

Volumes for Aluminum business unit up 23%

• Trading performance primarily reflecting decrease in volumes for Cast Iron business unit

Note: graphs not to scale

Q2 „12 Q2 „13

365 358

7 11

Q2 „12 Q2 „13

• Revenues substantially in line with Q2 2012

• Trading profit +57%

Increase mainly attributable to Body Welding ops

• Order intake up 75% to €491mn




4 Business environment overview


Business environment overview 2013 product launches key to Group performance in H2

• Full volumes of Grand Cherokee and Ram HD Pickups in H2 along with new Jeep Cherokee, Fiat 500L and Ram ProMaster volumes positioning Group for a strong second half performance

• Launch execution and running capacity at 100+% key challenges in H2 „13

JEEP GRAND CHEROKEE

• Refreshed in Q1 ‟13

• New 8-speed transmission and new front & rear exterior

• New 3.0L V6 EcoDiesel engine to provide best-in-class 30 MPG highway

RAM HD PICKUP JEEP CHEROKEE

FIAT 500L RAM PROMASTER

• Refreshed in Q1 „13

• Best-in-class towing (Ram 2500) and best-in-class max trailer weight (Ram 3500)

• 6.7L Cummins Turbo Diesel with best-in-class torque

• All-new, into largest SUV segment (by sales volume) in NAFTA

• Built in upgraded Toledo plant

Production to gradually ramp up to up

800+ units/day on 2-shift basis

• Enlarging Fiat brand offerings, building on Fiat 500 success

5-seater version

Competitive 33 MPG highway

• Imported from EMEA

Deliveries to Fiat studios underway

• Ram‟s first full-size van offering into an expanding, purpose-built segment

Available in market starting Q3

• Developed from Fiat Ducato architecture and built at Saltillo (Mexico) plant


Business environment overview Zoom in on Brazil: positive prospects remain

• Recent mass protests against poor government service standards under control by government

In June, President Dilma Roussef proposed several actions with the aim of broad and deep political reforms

• Notwithstanding limited impact of social unrest on economic activities, uncertainty remaining as to potential slow down of economy

Few production stoppages due to strikes, still manageable

Government managing inflationary pressures through controlled monetary policy

Consumer confidence currently under pressure, but expected to return to normality

• Brazilian economy to remain solid

GDP expected to grow 2.0-2.5% in 2013 and 2.5-3.0% in 2014

Unemployment rate at historical lows

70,0

75,0

80,0

85,0

90,0

95,0

100,0

105,0

110,0

115,0

120,0

125,0

130,0

Dec-05 Jun-06 Dec-06 Jun-07 Dec-07 Jun-08 Dec-08 Jun-09 Dec-09 Jun-10 Dec-10 Jun-11 Dec-11 Jun-12 Dec-12 Jun-13

Industry Confidence Index

Consumer Confidence

Index

Jun „13

Jun „06

Dec „06

Jun „07

Dec „07

Dec „08

Jun „08

Jun „09

Dec „09

Jun „10

Dec „10

Jun „11

Dec „11

Jun „12

Dec „12

Dec „05

130

75

125

120

115

110

105

100

95

90

85

80

Key Economic Growth Indicators

2000 2005 2009 2010 2011 2012 2013E (consensus)

2014E (consensus)

GDP (R$ bn) 1,180 2,147 3,185 3,675 4,143 4,403 4,765 5,171

GDP (%) 4.3 3.2 (0.6) 7.5 2.7 0.9 2.3 2.6

Credit/GDP ratio (%) 26.4 28.1 43.7 45.3 49.1 53.8 57.0 60.0

GDP per capita (R$) 6,901 11,668 16,763 19,265 21,246 22,404 24,066 25,922

Unemployment rate (%) 7.8 9.8 8.1 6.7 6.0 5.5 5.5 5.5

Consumer Confidence Index - 103.6 114.1 124.1 122.1 121.4 117.8 120.3

Wide range of short-, mid- & long-term investment (e.g. development of infrastructure, agricultural and commodity capacity expansion, exploration and extraction of natural resources from “pre-salt” layer)

Strong foreign currency reserves


Business environment overview On track to double FY sales in 2013

26

46

10

5 3

2

APAC SALES GROWTH BY BRAND

Q2 „12 Q2 „13

Vehicles (000s)

NEW 2014 JEEP GRAND CHEROKEE ROLLED OUT THROUGHOUT KEY MARKETS IN APAC

• Debuted in Asia at Shanghai Auto Show in April

• Featuring 8-speed automatic transmission powered by 3.6L Pentastar V6 engine

Significant reduction in fuel consumption and emissions and enhanced on-and off-road driving experience

New & elegant styling with unique technology features

• Launched in Shangri-La, a scenic and mountainous region in southwest of China bordering Tibet

Described as most powerful luxury SUV in China by trade media

• Fiat Viaggio sales continuing to gain momentum

• Dodge brand sales boosted by recently re-introduced Journey

• Strong performance of Jeep brand with Q2 2013 sales being the 15th consecutive quarter of solid year-over-year growth

Q2 SALES +75%

(+60% IN H1)


Business environment overview Growing families

Ypsilon Elefantino

• Broadening family of New Lancia Ypsilon with latest addition of special Elefantino series

Lancia Ypsilon being second best-selling car in B-segment in Italy at Jun YTD

• Back once again a “lucky charm” symbol making accessible a trend-setting car to young customers

Available since April (20+% of total Lancia sales in Q2)

• Highly competitive low emissions engine offerings, improved with intro of a CNG version since Jan 2013

Alternative-fuel engines (CNG & LPG) representing 50% of mix 500L Living, the “cool”

• “Magic Purpose Wagon” balancing functionality and design, in just 4.35mt

Most compact 5+2 seater MPV in its category, best-in-class trunk capacity

Charm of a 500, compactness of a mid-sized car, comfort of a C-segment station wagon and versatility of an MPV

• Orders opened in Italy in July, progressively extending to rest of Europe by Q4 ‟13

500L Trekking, the “capable”

• A free-spirit car with all-round look teamed with high ride and special interiors

• Equipped with Traction+, smart front-wheel drive technology improving grip on snow and rough terrains

• Launched in Italy in July, commercial launch in rest of EU markets starting Sep 2013

• Exclusive Mopar accessories for vehicle customization

• Continuously expanding product offerings of 500 family

• Just launched 2 extensions of 500's identity, produced in Kragujevac plant (Serbia), breaking conventional segment barriers while offering a wide array of environmentally-friendly powertrain options

• Export of 5-seater 500L to NAFTA started in quarter


Business environment overview Market outlook (mn units)

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

APAC

FY '12 FY '13E

23.8 ~25.0

• Unchanged FY industry outlook, projected up ~5%

Growth in China and Australia, partially offset by contracting demand in Japan and India

• Group targeting doubling of 2013 sales (incl. JVs) vs. prior year

Performance of Fiat, Jeep and Dodge brands to play key role in Group expansion activities

• Preparations underway to launch Jeeps in India, first-time brand entry in the country

1.4 ~1.4

0.12 ~0.1

FY '12 FY '13E

EMEA

Passenger cars LCVs

12.5 ~12.0

1.6 ~1.5

FY '12 FY '13E

EU27+EFTA

Unchanged FY 2013 industry outlook

• Passenger cars

EU27+EFTA market expected to contract in 3-5% range vs. prior year

Italy projected at ~1.3mn units (1.4mn vehicles in FY 2012)

• LCVs

Segment expected to post a ~5% decline vs. last year‟s levels

NAFTA

14.8

FY '12 FY '13E

1.7 ~1.7

FY '12 FY '13E

~15.5

• U.S. industry up 7% at June YTD to 15.7mn SAAR, similar to Company‟s FY „13 forecast

Cars projected up ~5%

Trucks up ~6%

• Canada FY industry expected in line with prior year‟s levels

Annualized industry to-date supportive of Company outlook

LATAM

Passenger cars LCVs

4.5 ~4.7

1.3 ~1.3

FY '12 FY '13

5.8 ~6.0

• Q2 market trend underpinning FY industry outlook of mid-single digit growth for the region

Brazil market to post all-time record

Argentina expected to keep performing well

(1) Restated due to reclassification of SUV into passenger car segment

(1)

(1)

4


Q2 ‟12 Q2 „13

LATAM +14%

APAC +46%

NAFTA +4%

EMEA -5%

+5% 1,155 1,102

Business environment overview Group shipments unit volumes (excl. JVs)

287

258

572

38

301

226

549

26

(Mass-market brands; units in thousands)

Note: Numbers may not add due to rounding

4.3-4.5

~1.0

~1.0

~2.2

~0.2

FY „13E

EMEA

LATAM

NAFTA

APAC

(Mass-market brands; units in millions)

FY „12

4.2

1.0

1.0

2.1

0.1

4


5 2013 guidance unchanged

• Revenues in €88-92bn range

• Trading profit in €4.0-€4.5bn range

• Net profit in €1.2-€1.5bn range

• Net industrial debt of ~€7.0bn


February

CONSOLIDATED AND PARENT COMPANY FINANCIAL STATEMENTS FOR 2012

April

Q1 RESULTS

Q2 & H1 RESULTS

Q3 RESULTS

October

2013 financial calendar

July

APPENDIX


Fiat Group 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. Fiat Group management believes these supplemental financial

measures provide comparable measures of its financial performance based on normalized operational factors,

which then facilitate management‟s ability to identify operational trends, as well as make decisions regarding

future spending, resource allocations and other operational decisions.

Fiat Group‟s supplemental financial measures are defined as follows:

Trading Profit (Loss) is computed starting with Net Revenues less operating costs (cost of sales, SG&A,

R&D costs, other operating income and expenses)

Earnings Before Interest, Taxes (“EBIT”) is computed starting from Trading profit (loss) and then

adding restructuring costs, other income/expenses that are unusual in the ordinary course of business

(such as gains and losses on the disposal of investments) and the Result from investments

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

Supplemental financial measures


Chrysler Net income reconciliation (from IFRS to US GAAP)

(1) Including unusual items and restructuring

(2) Under IFRS, development costs for vehicle programs are capitalized as intangible assets if the development costs can be measured reliably and the economic feasibility of the product supports the view that the development expenditure will generate future economic benefits. Capitalized development costs include all direct and indirect costs that are directly attributable to the development process. These costs are subsequently amortized to expense on a straight-line basis from the start of production over the estimated production cycle. Under US GAAP, with the exception of certain software development costs, development costs are expensed as incurred in accordance with ASC 730, Research and Development Costs

(3) Under U.S. GAAP, curtailment gain and plan amendments were a net reduction to pension obligation offset in accumulated other comprehensive income

Three Months ended June 30, 2013

EURO (mn)

USD (mn)

Chrysler Net Income – IFRS (1) 682 894

Reconciling Items:

Capitalization of development costs, net of amortization (2)

(186) (243)

Pension/OPEB adjustments 106 140

Other (49) (66)

(129) (169)

Unusual Items:

Pension plan changes (3) (166) (218)

(166) (218)

Chrysler Net Income - US GAAP 387 507


• August 2010 – NHTSA opened a Preliminary Evaluation, upgraded to an Engineering Analysis in

June 2012, covering certain Jeep Cherokee, Jeep Grand Cherokee and Jeep Liberty vehicles with

fuel tanks located behind the rear axle

Chrysler Group cooperated with NHTSA throughout the investigation, sharing data on incidents, engineering

specifications and additional information, concluding at each stage that the subject vehicles are not defective

• June 4, 2013 – Chrysler Group responded to NHTSA recall request letter covering only the 1993-

2004 Jeep Grand Cherokee and 2002-2007 Jeep Liberty vehicles, noting its disagreement with

NHTSA‟s preliminary finding of defect and its intent to file a more detailed response supporting its

position

• June 18, 2013 – Chrysler Group and NHTSA resolve their differences; Chrysler Group filed its

response to the recall request, maintaining that none of the subject vehicles were defective

NHTSA agreed there will be no final finding of a defect in the subject vehicles and Chrysler Group agrees to undertake

a voluntary safety recall to inspect and, if necessary, install a trailer hitch on 1993-1998 Jeep Grand Cherokee and

2002-2007 Jeep Liberty vehicles to provide incremental improvement for low-speed rear impacts

Chrysler Group agreed to conduct a Customer Satisfaction Notification campaign to inspect aftermarket trailer hitches

installed on 1999-2004 Jeep Grand Cherokee vehicles and take corrective action, as necessary

• June 20, 2013 – Transportation Secretary Ray LaHood in a press interview notes the matter has

been resolved satisfactorily

NHTSA recall request update


June 30, 2013

EURO (mn)

USD (mn)

Chrysler Net Debt - IFRS 1,263 1,652

Unamortized purchase accounting adjustments (1)

(476) (622)

Classification and other differences:

Accrued interest (430) (563)

Other 145 189

(761) (996)

Net Industrial Debt - US GAAP 502 656

(1) In connection with the May 24, 2011 transaction, all financial liabilities were re-measured to their fair value as of the date of consolidation. The unamortized balance primarily relates to the fair value adjustment on the VEBA Trust Note

Chrysler Net debt reconciliation (from IFRS to US GAAP)


Financial charges breakdown

Q2 2013 Q2 2012

Avg. Outstanding

(€bn)

Rate (%)

P&L (€mn)

Avg. Outstanding

(€bn)

Rate (%)

P&L (€mn)

Capital Market (12.5) 7.0% (218) (12.4) 7.2% (222)

Other Financial Debt (1) (14.0) 7.0% (244) (13.8) 7.1% (245)

Gross Industrial Debt (26.5) 7.0% (462) (26.2) 7.1% (467)

Industrial Cash & Net Intersegment Financial Receivables (2)

19.3 0.7% 35 20.4 0.9% 43

Net Industrial Debt (3) (7.2) (427) (5.7) (424)

IAS 19 (interest cost on pension & OPEB)

(93) (91)

Equity Swap 21 (9)

Others (4) (3) 5

Net Financial Charges (502) (519)

Note

(1) Include sale of receivables, committed lines fees, Hedges (2) Net of charges on financial intersegment sales of receivables and floor plan fees (3) Excluding derivatives fair values (4) Include FX gain/losses, interest cost capitalized (IAS23), bank fees and other financial charges



(1) Restated for adoption of IAS 19 as amended

Detailed cash flow

(€mn)

Fiat Group Fiat ex Chrysler

Q2 2013 Q2 2012 (1) Q2 2013 Q2 2012 (1)

Net Industrial (Debt)/Cash beginning of period (7,105) (5,772) (5,741) (3,846)

Net Income 435 239 (247) (248)

D&A 1,141 1,040 586 513

Change in Funds & Others (101) 302 39 38

Cash Flow from Op. Activities bef. Chg. in W.C. 1,475 1,581 378 303

Change in Working Capital 648 559 853 291

Cash Flow from Operating Activities 2,123 2,140 1,231 594

Tangible & Intangible Capex (1,904) (1,667) (947) (693)

Cash Flow from Operating Activities net of Capex 219 473 284 (99)

Change in Investments, Scope & Others 91 (27) 7 (94)

Net Industrial Cash Flow 310 446 291 (193)

Capital Increase / Share Repurchases / Dividends 2 (39) 2 (39)

FX Translation Effect 82 (70) 0 (6)

Change in Net Industrial Debt 394 337 293 (238)

Net Industrial (Debt)/Cash end of period (6,711) (5,435) (5,448) (4,084)



Mar. 31, 2013 June 30, 2013

Cons. Ind. Fin. Cons. Ind. Fin.

18.3 14.7 3.6 Gross Debt* 18.0 14.5 3.5

(0.2) (0.2) - Derivatives M-to-M, Net (0.3) (0.3) -

(9.1) (8.8) (0.3) Cash & Mktable Securities (8.9) (8.7) (0.1)

9.0 5.7 3.3 Net Debt 8.8 5.4 3.4

* Net of intersegment receivables

Fiat ex Chrysler Net debt breakdown (€bn)



Outstanding Mar. 31, ‟13

Outstanding June 30, ‟13

17.5 Cash Maturities 17.1

5.9 Bank Debt 5.8 10.2 Capital Market 10.2 1.3 Other Debt 1.1

0.5 Asset-backed financing 0.5

0.0 ABS / Securitization 0.0 0.0 Warehouse Facilities 0.0 0.5 Sale of Receivables 0.5

0.4 Accruals & Other Adjustments 0.4

18.3 Gross Debt 18.0

(9.1) Cash & Mktable Securities (8.9)

(0.2) Derivatives (Assets)/Liabilities (0.3)

9.0 Net Debt 8.8

2.0 Undrawn committed credit lines 2.0

Fiat ex Chrysler Gross debt (€bn)


Outstanding Mar. 31, ‟13

Outstanding June 30, ‟13

10.3 Cash Maturities 10.1

2.8 Bank Debt 2.7

2.5 Capital Market 2.4

5.0 Other Debt 4.9

0.0 Asset-backed financing 0.0

0.0 ABS / Securitization 0.0

0.4 Accruals & Other Adjustments 0.4

10.7 Gross Debt 10.5

(9.3) Cash & Mktable Securities (9.1)

(0.0) Derivatives (Assets)/Liabilities (0.1)

1.4 Net Debt 1.3

1.0 Undrawn committed credit lines 1.0


Chrysler Gross debt (€bn)


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

Outstanding June 30, „13

Fiat ex Chrysler 6M 2013 2014 2015 2016 2017 Beyond

5.8 Bank Debt 1.6 1.4 1.4 0.6 0.3 0.4

10.2 Capital Market 0.1 2.2 1.9 2.3 1.9 1.9

1.1 Other Debt 0.7 0.0 0.0 0.0 0.0 0.3

17.1 Total Cash Maturities 2.4 3.7 3.3 2.9 2.2 2.6

8.9 Cash & Mktable Securities

2.0 Undrawn committed credit lines

10.9 Total Available Liquidity

3.7 Sale of Receivables (IFRS de-recognition compliant)

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

Outstanding June 30, „13

Chrysler 6M 2013 2014 2015 2016 2017 Beyond

2.7 Bank Debt 0.0 0.0 0.0 0.0 2.2 0.3

2.4 Capital Market 0.0 0.0 0.0 0.0 0.0 2.4

4.9 Other Debt 0.2 0.3 0.3 0.4 0.4 3.3

10.1 Total Cash Maturities 0.2 0.4 0.4 0.4 2.6 6.1

9.1 Cash & Mktable Securities

1.0 Undrawn committed credit lines

10.1 Total Available Liquidity

Debt maturity schedule (€bn)


GROUP INVESTOR RELATIONS TEAM

Marco Auriemma +39-011-006-3290 Vice President

Timothy Krause +1-248-512-2923

Paolo Mosole +39-011-006-1064

Sara Nicola +39-011-006-2572

Maristella Borotto +39-011-006-2709

fax: +39-011-006-3796

email: [email protected]

websites: www.fiatspa.com

www.chryslergroupllc.com

Contacts

Documents

Q2 2013 Results Review - FCA Group · Q2 2013 Results Review . 3 . Q2 „13 Executive summary • Worldwide shipments for mass-market car brands up 5% year-over-year to 1.2mn units