Stellantis Full Year 2022 Results

STRONG NET PRICING, VEHICLE MIX AND FX TRANSLATION DRIVE REVENUE GROWTH.

North America: Net revenue Up 23%, primarily due to strong net pricing,
favorable vehicle mix and positive FX translation
effects.

Europe: Net revenue Up 7%, mainly due to positive net pricing,
favorable vehicle mix, driven by new models,
BEVs and PHEVs, and lower volumes with
buyback commitments, partially offset by
reduced shipment volumes.

Middle East and Africa: Net revenue Up 24%, primarily due to strong net pricing,
including pricing actions to offset Turkish lira
devaluation, and improved market mix, partially
offset by negative FX translation effects, mainly
from Turkish lira.

South America: Net revenue Up 46%, due to a combination of favorable net
pricing, vehicle mix, volumes and FX translation
effects, mainly Brazilian real.

China and India & Asia Pacific: Improved results primarily driven
by favorable net pricing and
vehicle mix, primarily related to
Jeep Grand Cherokee L, Jeep
Meridian and Ram 1500, partially
offset by unfavorable market mix

Record 13.0% AOI Margin
up 120 bps y-o-y
(1) exceeds 2030 target
of >12%; all segments contributing
to both top and bottom line growth.

Parts and Services Double-digit sales growth y-o-y,
with improvements in all regions
driven by Independent After Market
(IAM) and improved pricing.