An undesired hiatus in preparation for a strong second half · 20 Novembre, 2010 . An undesired...

20 Novembre, 2010

An undesired hiatus in preparation for a strong second half

Q1 2013 Results Review

April 29, 2013 Q1 2013 Results Review 2

Ce r ta in i n f o rmat i on i n c luded i n t h i s p resen ta t i on ,

i n c lud ing , w i thou t l im i t a t i on , any f o recas t s i n c luded

he re in , i s f o rwa rd l ook ing and i s sub jec t t o impo r tan t

r i s k s and unce r ta in t i e s t ha t cou ld cause ac tua l r e su l t s

t o d i f f e r ma te r i a l l y . The Group ‟ s bus inesses i n c lude

i t s au tomot i ve , au tomot i ve - r e l a t ed and o the r s ec to r s ,

and i t s ou t l ook i s p redominan t l y based on i t s

i n t e rp re ta t i on o f wha t i t c ons ide r s to be the key

economic f a c to r s a f f e c t i ng these bus inesses . Fo rwa rd -

l ook ing s t a temen t s w i th r ega rd t o the Group ' s

bus ines ses i nvo l ve a number o f impo r tan t f a c to r s tha t

a re sub jec t t o change , i n c lud ing , bu t no t l im i t ed t o :

t he many i n t e r r e l a t ed f a c to r s t ha t a f f ec t c onsumer

con f i dence and wor l dw ide demand f o r au tomot i ve and

au tomot i ve - re l a t ed p roduc t s and changes i n consumer

p re f e rences tha t cou ld r educe r e l a t i ve demand f o r t he

Group ‟ s p roduc t s ; gove rnmen ta l p rog rams ; gene ra l

e conomic cond i t i ons i n each o f t he Group ' s ma rke ts ;

l eg i s l a t i on , pa r t i c u l a r l y t ha t r e l a t i ng to au tomot i ve -

re l a t ed i s sues , t he env i r onmen t , t r ade and commerce

and i n f r a s t ru c tu re deve lopmen t ; a c t i ons o f

c ompet i t o r s i n t he va r i ous i ndus t r i e s i n wh i ch the

G roup competes ; p roduc t i on d i f f i c u l t i e s , i n c lud ing

capac i t y and supp ly cons t r a in t s , excess i nven to 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 r e ca l l s ; l a bo r r e l a t i ons ; i n t e res t r a tes and

cu r rency exchange ra tes ; ou r ab i l i t y t o r ea l i z e

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

the Group ‟ s member s ; subs tan t i a l deb t and l im i t s on

l i qu id i t y tha t may l im i t ou r ab i l i t y to execu te the

Group ‟ s c omb ined bus ines s 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 s k s and unce r ta in t i e s .

Any o f t he as sumpt i ons unde r l y i ng th i s p resen ta t i on o r

any o f t he c i r cums tances o r da ta men t i oned i n t h i s

p resen ta t i on may change . Any fo rward - l ook ing

s t a temen ts con ta ined i n t h i s p resen ta t i on speak on ly

a s o f t he da te o f t h i s p resen ta t i on . We exp ress l y

d i s c l a im a du ty t o p rov ide upda tes t o any f o rwa rd -

l ook ing s t a temen t s . F i a t does no t a ssume and

exp res s 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 n ac cu rac i e s i n any o f t hese fo rward - l ook ing

s t a temen ts o r i n connec t i on w i th any use by any th i r d

pa r t y o f such f o rwa rd - l ook ing s t a temen t s . Th i s

p resen ta t i on does no t r ep resen t i nves tmen t adv i c e o r

a r e commenda t i on f o r t he pu r chase o r sa l e o f f i nanc i a l

p roduc t s and /o r o f any k ind o f f i nanc i a l s e rv i c es .

F i na l l y , t h i s p resen ta t i on does no t r ep resen t an

i nves tmen t so l i c i t a t i on i n I t a l y , pu r suan t 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 Feb rua ry 24 ,

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

s o l i c i t a t i on a s con temp la ted by the l aws i n any o the r

coun t ry o r s t a te .

Safe Harbor Statement


• Worldwide shipments for mass-market brands exceeding 1.0mn units, in line with prior year’s level

• Group financial results reflecting impact of key product launches in NAFTA

Revenues at €19.8bn

Trading profit of €618mn

EBIT of €603mn

Net profit of €31mn

Net industrial debt at €7.1bn

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

• Group repaid a €1bn bond at maturity and successfully tapped debt capital markets with a €1.25bn bond issuance (6.625% fixed coupon, due Mar 2018)

• Group 2013 guidance confirmed, as follows

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

• VEBA

Hearing before Delaware Court held on Apr 25th to resolve dispute on purchase price of 1st tranche of call option

Chrysler continuing to work on preparation for eventual IPO

Q1 „13 Executive summary


20,221

Q1 „13 Q1 ‟12

Net profit (€mn)

Net industrial debt (€bn)

Liquidity (€bn)

Trading profit (€mn)

EBIT (€mn)

806

618

835

603

Cash & Mktable Securities

Undrawn committed credit lines

Net revenues (€mn)

262

31

7.1

Dec 31 „12

6.5

2.9

20.8 21.3

3.0

17.9 18.3

…

• Group top-line down 2% in nominal terms

• Group revenues flat year-over-year at constant exchange as increases for LATAM, APAC and Luxury & Performance brands almost fully compensated decreases in NAFTA, and EMEA

• Decrease in Group trading profit primarily

attributable to a ~€200mn reduction for NAFTA

Trading margin of 3.1%

• Mass-market brands

NAFTA: €397mn (+4.0% margin)

LATAM: €186mn (+7.5% margin)

APAC: €100mn (+10.3% margin)

EMEA: -€157mn (-3.6% margin)

• Luxury & Performance Brands: €76mn

(+11.1% margin)

• Components: €33mn (+1.7% margin)

• Mass-market brands

NAFTA: €400mn

LATAM: €127mn

APAC: €98mn

EMEA: -€111mn

• Luxury and Performance brands: €76mn

• Components: €35mn

• Loss of €83mn attributable to owners of the parent

(€35mn profit for Q1 2012)

• Fiat excl. Chrysler reduced net loss by €41mn over Q1

2012 to €235mn

• Income taxes of €129mn

Income taxes of €100mn for Fiat excl. Chrysler related

primarily to taxable income of companies operating

outside Italy and employment-related taxes in Italy

• Net industrial debt increased due to seasonal cash absorption for Fiat excl. Chrysler partially offset by cash generation for Chrysler

• For Fiat ex Chrysler net industrial debt at €5.7bn, a €0.7bn increase over year-end 2012 entirely attributable to Capex for the period

Change in net industrial debt for the quarter significantly lower at half the amount for Q1 2012

• Chrysler reduced net industrial debt by €0.1bn to €1.4bn

Over €1bn in positive cash flow from operating activities offset by €0.9bn in Capex

• Group liquidity inclusive of undrawn committed credit lines (unchanged in the quarter) increased vs. 2012 exit levels as exchange rates contributed positively for €0.4bn (€0.3bn for Chrysler)

Fiat excl. Chrysler at €11.0bn (€11.1bn at 2012

year-end)

Chrysler at €10.3bn (€9.8bn at Dec. 31, 2012)

Q1 „13

Q1 „13 Q1 ‟12 (1)

Q1 „13

Mar 31 „13

Dec 31 „12 Mar 31 „13

19,757

(1) Restated for adoption of IAS 19 as amended (Trading Profit/EBIT reduced by €60mn; Net Profit reduced by €117mn)

Q1 ‟12 (1)

Q1 ‟12 (1)

Q1 ‟13 financial highlights A challenging quarter for NAFTA


10.4

2.6 0.7

4.5

0.7 2.0

(0.6)

20.2

10.0

2.5 1.0

4.4

0.7 1.9

(0.7)

19.8

NAFTA LATAM APAC EMEA Ferrari &

Maserati

Components Other &

Eliminations

Fiat Group

MASS-MARKET BRANDS

625

235

85

(170)

71 35

(46)

835

400

127 98

(111)

76 35

(22)

603

NAFTA LATAM APAC EMEA Ferrari &

Maserati

Components Other &

Eliminations

Fiat Group

MASS-MARKET BRANDS

Q1 2012 Q1 2013

(1) 2012 restated for adoption of IAS 19 as amended (NAFTA: -€56mn; Components: -€1mn; Eliminations and Adjustments: -€3mn)

Note: Graphs not to scale

Group revenues in line with prior year

• NAFTA down 3%, due to lower shipments partly offset by positive pricing, and EMEA down 4%

• LATAM down 5% (+6% at constant exchange rates)

• APAC up 35+%

• Luxury and Performance brands up 4%, driven by Ferrari

• Components down 4%

A €232mn decrease in EBIT mainly reflected lower trading profit in NAFTA and LATAM

• NAFTA down 36% due to lower shipments as well as industrial costs associated with new model launches

• LATAM down 21% excl. €59mn in unusual charges related to currency devaluation in Venezuela, or -10% at constant exchange

• APAC up 15%

• EMEA reduced losses by €59mn primarily on the back of discipline in SG&A spending

(1) (1) (1)

(1)

Q1 ‟13 financial highlights Performance by segment

2013 EBIT before unusuals €186mn


Note

(1) Restated for adoption of IAS 19 as amended (Trading Profit/EBIT reduced by €60mn; Profit before Taxes/Net Profit reduced by €117mn)

(2) “Financial charges, net” includes a €15mn gain from the mark-to-market value of stock option-related equity swaps (€38mn in Q1 ‟12)

€mn (unless otherwise stated)

Fiat Group Fiat ex Chrysler

Q1 ‘13 Q1 ’12 (1) Q1 ’13 Q1 ‘12 (1)

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

1,017 1,019 460 452

Net Revenues 19,757 20,221 8,557 8,685

Trading Profit % of revenues

618 +3.1%

806 +4.0%

25 +0.3%

(10) -0.1%

Investment income, net 32 18 32 18

EBIT BEFORE UNUSUALS 650 824 57 8

Unusual items, net (47) 11 8 -

EBIT 603 835 65 8

EBITDA 1,654 1,869 622 546

Financial charges, net 2) (443) (432) (200) (165)

Pre-tax result 160 403 (135) (157)

Taxes (129) (141) (100) (119)

Net result 31 262 (235) (276)

Q1 ‟13 From trading profit to net result


Q1 „13 net industrial debt walk Seasonality for Fiat excl. Chrysler, slight reduction for Chrysler

Change in Net Industrial Debt (560)

Cash Flow from operating activities, net of Capex (476)

€mn

(6,545)

(7,105)

December 31, 2012

March 31, 2013

Industrial EBITDA

Financial Charges & Taxes

Change in Funds & Other

Working capital

Capex Investments, Scope & Other

Capital increase /Repos/

Dividends

FX translation

effect

1,619

(502)

135

(1,568) (1) (57)

(160)

(26)

Seasonal cash absorption for Fiat excluding Chrysler and modest cash generation for Chrysler

Fiat excl. Chrysler: net industrial debt at €5.7bn, a €0.7bn increase over year-end 2012 entirely attributable to Capex for the period; slightly positive cash flow from operating activities

Chrysler: reduced by €0.1bn to €1.4bn, with over €1bn in positive cash flow from operating activities offset by €0.9bn in Capex

MASS-MARKET BRANDS BY REGION

LUXURY AND PERFORMANCE BRANDS

COMPONENTS AND

PRODUCTION SYSTEMS

BUSINESS ENVIRONMENT OVERVIEW

2013 GUIDANCE

1

2

3

4

5

9 April 29, 2013 Q1 2013 Results Review

TOTAL NAFTA Q1 ’13 Q1 ’12

Shipments (k units)

510 519

Revenues (€mn)

10,012 10,375

Trading Profit (1)

(€mn) 397 614

EBIT (1)

(€mn) 400 625

Mass-market brands Highlights

FINANCIAL PERFORMANCE

• Quarter impacted by ongoing launches of new 2014 Jeep Grand Cherokee and 2013 Ram HD Pickups, and no production of Jeep Liberty as plant prepared for launch of all-new 2014 Jeep Cherokee, even as sales remain strong

• Revenues down 3.5% primarily due to lower shipment volume partially offset by continued favorable pricing

• Trading profit down 35% due to lower volumes and industrial costs related to launch of new products partially offset by continued strong net pricing

Trading margin down 190 bps to 4.0%

COMMERCIAL PERFORMANCE & HIGHLIGHTS

• Overall vehicle shipments down 2% in the region

U.S.: 420k vehicles (down 0.5%)

Canada: 70k (down 7%)

Mexico: 20k (down 8%)

• Group vehicle sales increased 7% to 508k units, with sales in U.S. up 8% and Canada up 4%, outpacing both markets

• U.S. & Canada combined sales

Dodge +22%, Ram +13%, Fiat +3%, Chrysler +2%, Jeep -10%

• During the quarter, Group also leveraged inventory to compensate for lower production volumes due to changeover of some key models

U.S. dealer inventory reduced 10% to 66 days supply in the quarter

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


Mass-market brands EBIT walk

€mn

• Volume decrease of 9k vehicles due to preparation for all-new Jeep Cherokee and also to launches of key products, namely Jeep Grand Cherokee and Ram HD trucks

• Positive net price reflecting pricing actions primarily driven by vehicle content enhancements

• Industrial costs impacted by start-up costs and content enhancements related to new Jeep Grand Cherokee and Ram HD pickups

625

400 (108)

192

(277) (2) (30)

Q1 2012 (1) Net price Industrial costs

SG&A Investments / FX / Other

Q1 2013 Volume & Mix

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


9.1 9.2

11.2 11.4

13.7 14.7 15.0

16.0

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

Mass-market brands Market trends & business dynamics

Q3 Q1 Q2 Q4 Q2 Q1 Q3 Q4 Q1

2010 2011 2012

QUARTERLY MARKET SHARE

(%)

INDUSTRY VOLUME & OUTLOOK (MN UNITS)

0.37 0.36

Q1 '12 Q1 '13

3.5 3.8

Q1 '12 Q1 '13

Q2

U.S.

• Q1 „13 industry up 6% vs. prior year

Cars +3%; Trucks +9%

• Q1 „13 Group sales up 8% vs. a year ago

March being the 36th consecutive month of year-over-year sales gains

March sales posted the best month since Dec 2007

• Market share up 20 bps, driven by 12% increase in retail (excl. fleet) sales

Retail of retail market share* at 10.4%, up 40 bps

Fleet mix at 28%, down from 31% in Q1 „12

CANADA

• Q1 ‟13 industry down 2% vs. prior year

Cars -5%; Trucks flat

• Q1 „13 Group sales up 4% vs. last year

Market leader for the quarter

With March sales, Group posted the 40th consecutive month of year-over-year sales gains

Best March sales since 2000, and also the best month ever for Ram truck sales

• Market share up 100 bps vs. prior year

Gain mainly driven by strong performance for Ram truck, Jeep Compass and sales of new Dodge Dart

Retail of retail market share* at 14.1%, up 90 bps Q3 Q4 Q1

2013


TOTAL LATAM Q1 ‘13 Q1 ‘12

Shipments (k units)

230 215

Revenues (€mn)

2,468 2,587

Trading Profit (€mn)

186 235

EBIT (€mn)

127 235



• Key markets holding up well throughout the region, with positive trading conditions particularly in Brazil Q1 all-time record for Brazilian market

Other LATAM countries down 3% mainly due to political uncertainty in Venezuela

• Revenues down 5% due to negative FX translation (+6% at constant exchange rate, reflecting overall shipment volumes improvement)

• Trading profit performing to expectations, in line with FY €1+bn target Net of currency translation impacts, trading profit down 10%

due to a less favorable production mix and lower volumes for Freemont and 500 (effect of import quotas from Mexico introduced during 2012)

Results for Brazilian ops in line with prior year

Trading margin at ~8%


• Total Group shipments up 7% Brazil: 191k units (+8%)

Argentina: 29k units (+14%) on the back of improved supply of imported vehicles from Brazil

Other LATAM markets: 10k units (-24%)

• Group outpaced industry in both Brazil & Argentina Best Q1 share in Brazil since 2010

Increased distance with nearest competitor, now at 300 bps

• Sound company & dealer inventory levels (~30 days supply at quarter-end) in support of sustained industry trend also backed by extension of IPI tax reduction



€mn

235

127

33 2

(35) (10)

(98)

Q1 „12 Net price Industrial costs

SG&A Investments FX / Other

Q1 „13 Volume & Mix

• Positive volume effect (mainly in Brazil) and better mix, notwithstanding lower imports from Mexico

• Inflationary cost increases in labor and other expenses, negative production mix (shift of annual shutdown of Brazilian plant from Dec 2012 to Feb 2013), partially offset by Inovar Auto Program benefits and industrial efficiencies

• SG&A driven by new advertising campaigns in Brazil

• Other mainly relates to currency translation effects and €59mn unusual impact related to currency devaluation in Venezuela


REGIONAL Q1 OVERVIEW

• Brazil

Q1 historical sales record for the Group (3% higher than a year ago), notwithstanding longer downtime at Betim plant for Carnival season

Strengthened market leadership driven by continued success of Novo Palio, Siena, Grand Siena and Strada models

• Argentina

Share gain on the back of improved flow for imported vehicles and components from Brazil and strong performance of new locally-produced Novo Palio

UPDATE ON INCENTIVE SCHEMES IN BRAZIL

• IPI tax reduction

In May 2012, Brazilian Government reduced IPI tax by up to 7% to boost vehicle sales

Reduced IPI rates originally set to be gradually phased out during H1 2013, with progressive quarterly rate increases starting from January

In March 2013, Government extended current reduced rates until 2013 year-end, therefore only January partial increase applies

• Inovar Auto Program: implementation ongoing to strengthen Brazilian industry

Program to provide a series of tax incentive schemes for investment dedicated to energy efficiency improvements, R&D and engineering to promote technological development

Group well positioned to participate in and fully benefit from this program


(PASSENGER CARS & LCVS; %)

INDUSTRY VOLUME & OUTLOOK (TOTAL LATAM; MN UNITS)

12.0 11.0 12.1 12.2

22.4 22.3 22.7 22.9

Passenger cars LCVs

1.01 1.08

0.34 0.27

Q1 '12 Q1' 13

1.35 1.35

2010 2011 2012


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

2013



TOTAL APAC Q1 ‘13 Q1 ’12

Shipments

(k units) 32 25

Revenues

(€mn) 968 714

Trading Profit

(€mn) 100 77

EBIT (€mn)

98 85


• Positive demand conditions in the region with double-digit growth in China offsetting weaker demand in India & Japan

• Revenues up 36% (+38% at constant exchange rates) primarily driven by Jeep, Chrysler and Dodge brands (90% of total revenues)

Shipments up 28%

• Trading profit up 30%

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

Trading margin at 10.3%

• EBIT up 15%


• Retail sales (incl. JVs) up 45% on the back of strong performance of Jeep and Fiat brands

Continued share gain for Jeep with sales (more than half of total APAC) up 26% vs. prior year

Fiat, region‟s second best selling brand, up 71% driven by recent launch of Fiat Viaggio

• Re-launch of Fiat brand in South Korea, with introduction of Fiat 500, 500C and Freemont in February

• Increased penetration of Fiat, Alfa Romeo and Fiat Professional brands in Australia on track thanks to smooth Group integration in the country

• Dodge Journey returning to China market with best-in-class spaciousness and safety features APAC industry reflects aggregate key markets where Group is

competing (i.e. China, India, Australia, Japan, South Korea)



€mn

85 98

47

(1) (6)

(21) (6)

Q1 2012 Net price Industrial costs

SG&A Investments / FX / Other

Q1 2013 Volume & Mix

• Improved volumes driven by 28% higher shipments

• Industrial costs impacted mostly by higher ER&D related to new product launches and higher fixed manufacturing costs associated with increased production volume

• Increased selling expenses to support volume growth and continued regional expansion including introduction of Dodge, Fiat, Alfa Romeo and Fiat Professional brands in several key markets


INDUSTRY VOLUME (1)

(PASSENGER CARS & LCVS; MN UNITS)

0.2% 0.3% 0.3%

0.6%

1.1%

1.4%

2.0%

3.0%

1.2%

0.8%

0.7%

0.1% 0.2% 0.3% 0.3%

0.3%

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


(PASSENGER CARS & LCVS; %)


6.2 6.5

Q1 '12 Q1 '13

2010 2011 2012

REGIONAL OVERVIEW

Group sales (incl. JV) up 45% outperforming industry (+6%) driven by strong performance in China and Australia

CHINA

• Group sales more than double last year‟s levels, driven primarily by Jeep and Fiat brands, representing best sales improvement in market (industry +18%)

Jeep Compass and Fiat Viaggio as top-selling nameplates

AUSTRALIA

• Q1 sales up 65% outperforming industry (up 5%), posting share gain of almost 110 bps, second best in market

Fiat +48%, Alfa Romeo +32%, Fiat Professional more than double in volumes vs. a year ago

Strong sales growth for Jeep (+45%) with share gain of 580 bps for Grand Cherokee in full-size SUV segment

JAPAN

• Group sales continued to be driven by Jeep brand (+3%) despite a normalizing industry (-9%) after strong recovery in 2012 from earthquake

SOUTH KOREA

• Demand slightly down with Group sales bucking the trend up 20%, driven by Jeep brand (+50%) and launch of Fiat brand in February

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

2013



TOTAL EMEA Q1 ‘13 Q1’ 12

Shipments (k units)

245 260

Revenues (€mn)

4,350 4,508

Trading Profit (€mn)

(157) (207)

EBIT (€mn)

(111) (170)


• Still difficult trading conditions in the Eurozone, prolonging market weakness to 18 consecutive months Passenger car segment registered a significant year-over-year

decline

Weak LCV industry with overall demand again reflecting sharp decline in Italy

Highly competitive environment driven by price pressure, particularly for mass-market segments

• Revenues down 3.5% mainly reflecting volume declines

• Trading loss significantly reduced A ~25% improvement, or €50mn, driven by discipline in SG&A

spend and positive results for 500L more than offsetting lower volumes and continued pricing pressure

• Reduced EBIT loss reflecting improvement in both trading performance and result from investments, with JVs contributing €38mn in the quarter


• Total shipments down 15k units, a 6% decline fully attributable to Italy Passenger cars: down 8% to 195k units

LCVs: up 5% to 50k units with increases in EU27+EFTA ex Italy more than compensating for decline in domestic market

• Strict management of supply and demand function Company & dealer inventory remained at optimal levels (~2 months

supply)

Utilization rate at plants in EMEA, including JVs, stable at 65% (Harbor(1) definition) or 40+% (Technical(2) definition)

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



€mn

• Negative volume, reflecting decline in passenger car shipments, more than compensated for by better mix (mainly 500L)

• Continued pricing pressure, particularly for mass-market segments

• Industrial costs slightly positive on the back of WCM program efficiencies

• Continued tight grip on SG&A spend backed up by actions undertaken in latter part of 2012

(170)

(111) 15

(53)

2

88 7

Q1 2012 Net price Industrial costs

SG&A Q1 2013 Volume & Mix

Investments / FX / Other


3.4 3.1

Q1 '12 Q1 '13


(%)


8.8 7.3 6.3 6.4

31.6 29.3 27.9 29.0

0.41 0.36

Q1 '12 Q1 '13

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

EU27+EFTA

EU27+EFTA

2010 2011 2012

EU27+EFTA

• Q1 industry declined 10% with sales down in all major markets, except UK (+7%)

Double-digit decreases in France (-15%), Germany (-13%), Italy (-13% ), Spain (-11%)

An average of 13% decrease in demand elsewhere in Europe with economic downturn also significantly impacting northern Europe

• Q1 Group sales down 9% to 197k cars with Fiat brand flat vs. a year ago

• Share gain of 10 bps in Q1

Gain in Italy largely overridden by further reduction in weighting of Italian market (now 11.5% of total European market)

Fiat Panda & 500 ranked #1 & 2 respectively in A-segment

Few months after launch, Fiat 500L ranked #2 in its segment for the quarter

ITALY

• Higher demand in alternative fuel segment (CNG & LPG combined market +48%) unable to counter persisting weakness in market demand

• Q1 share gain (110 bps) driven by performance in A- & Small MPV- segments

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

2013


Mass-market brands LCVs: market trends & business dynamics

QUARTERLY MARKET SHARE*

(%)


0.42 0.38

Q1 '12 Q1 '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

13.5 12.8 11.2 11.6

46.8 46.9 42.3 43.5

0.03 0.02

Q1 '12 Q1 '13

• Continued industry decline in EU27+EFTA in Q1 (-10%) with overall demand reflecting sharp reduction in Italy (-24%)

All major markets posted double-digit declines with UK bucking the trend (+11%)

• Q1 Group sales down 7% to 44k units in EU27+EFTA

Fiat Ducato outperformed market, posting a 180 bps share gain in Q1

• Fiat Professional outpaced the industry with performance in all markets contributing to 40 bps share gain in EU27+EFTA, including

Germany +180 bps

Spain +160 bps

Italy +120 bps

EU27+EFTA

2010 2011 2012

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

2013


• Revenues up 8% to €551mn, primarily on the back of higher sales volumes

Shipments of 1,798 street cars (+4% vs. Q1 2012)

8-cyl models +5% driven by 458 Spider

12-cyl in line with prior year, supported by F12 Berlinetta

USA +14%, remaining brand‟s #1 market

Asia-Pacific +18% with double-digit growth in Japan and continued positive performance in Australia

China in line with prior year

Europe: positive performance in Switzerland unable to offset declines in major markets, particularly Italy (-54%)

Middle East (+74%); South Africa (+45%)

• Trading profit up 43% to €80mn

Strong performance reflected higher sales volumes, as well as contribution from licensing and personalization program

Trading margin at 14.5%

• Revenues down 4% to €157mn compared to a year ago

Shipments of 1,304 vehicles, down 5% vs. prior year

Volumes for Quattroporte down as a result of changeover to new model (production entered in late January)

As a consequence, Greater China (China, Hong Kong and Taiwan) down 16%, Japan down 14%, Mid-East down 48%

By contrast, shipments up in Latin America (+56%), Europe (+42%), and USA (+1%)

• Trading loss of €4mn vs. €16mn profit a year ago

Performance primarily reflected lower volumes and higher costs associated with launch of new Quattroporte

Luxury & Performance brands Ferrari & Maserati

2

USA 45%

European Top-4 13%

China 12%

Japan 5%

Others 25%

USA 25%

European Top-5 34%

China, Hong Kong & Taiwan

8%

Japan 4%

Others 29%


357 307

3 9

• Revenues down 22%

Cast iron business unit down 18% in both Europe and Latin America

Volumes for Aluminum business unit up 2%

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

• Revenues down 14%

Decline attributable primarily to Powertrain Systems and Service activities in Latin America

• Improvement in trading profit mainly attributable to Body Welding ops

• Order backlog at €930mn at quarter-end, +6% over year-end 2012

173

3

(6) Q1 „12 Q1 „13

1,451 1,469

29 30

Q1 „12 Q1 „13

• Revenues up 1% over prior year (+4% at constant exchange rates)

Lighting up 7% on the back of performance in China, as well as NAFTA with several new products launched in H2 „12, only partially offset by a general decline in Europe

Electronic Systems up 20% due to sales of telematics box and navigation systems to third-party customers

Powertrain up 3% with a significant contribution from captive sales of components for Dodge Dart

• Trading profit in line with Q1 ’12

Top-line increase partly offset by costs associated with new product launches

Trading margin at 2%, flat over prior year

223

Operational Highlights

• Positive performance (at constant exchange rates) in NAFTA, China and Brazil, partly offset by contractions in Europe

• New orders of €465mn acquired in Q1 (+25% vs. Q1 2012), mainly related to Powertrain and Exhaust Systems

Q1 „12 Q1 „13 Q1 „12

Q1 „13

Q1 „12 Q1 „13 Q1 ‟12 (1) Q1 „13

(1) Restated for amendments to IAS 19

3 Components & Production Systems


4 Business environment overview


Business environment overview Jeep Grand Cherokee and Ram HD Pickup launched in Q1

4

Vehicles (000s)

SALES GROWTH (U.S. & CANADA)

454

Dodge Dart

Jeep Liberty Ram

Pickup

Q1 ‘12 Q1’ 13

+12 (+15%)

+11 (+49%)

+25 (new)

(10) (-13%) (17)

(-78%) +7

Chrysler T&C / Dodge

Caravan

487

+8%

+4%

SALES

Other

+33 (+7%)

Dodge Avenger

Dodge Journey

+5 (+20%)

2014 JEEP GRAND CHEROKEE

• New 3.0L EcoDiesel V-6 Engine • Best-in-class mileage

(30 mpg hwy)

• Best-in-class towing

• First intro by a domestic OEM in segment with 8-speed automatic transmission

• New exterior

2013 RAM HD PICKUP

• Ram 2500: best-in-class towing

• Ram 3500: best-in-class maximum trailer weight

• Availability of 6.7L Cummins turbo-diesel engine with best-in-class torque

2014 JEEP CHEROKEE REVEALED

• Production launch at Q2-end

• Further expanding volume base for Compact common architecture

• Competing in largest SUV segment in NAFTA

• Best-in-class capability – Trailhawk model

• Competitive powertrain package • First mid-size SUV with 9-speed automatic transmission

• 2.4L Tiger Shark MultiAir engine delivering ~45% fuel efficiency improvement vs. Jeep Liberty


Business environment overview Fundamentals of leadership in Brazil

• More than 13mn vehicles produced in the course of 37-year presence in Brazil

Market leader for 11 years

• Fiat as full-line player in Brazil with up-to-date, competitive, award-winning product line-up

Strong brand image, perceived as a domestic player being part of Brazilian society

Quick response to market needs in product developments

Advertising actions (“Big Brother Brazil” currently on-air and merchandising campaign with Ronaldo Fenômeno)

• Continuing to keep fresh product offerings with constant cadence of new intros (all-new models, refreshes, special series…)

Complete product offerings with 19 models & 67 versions

Expanding towards higher segments thanks to Chrysler Group‟s branded products (Jeep and Dodge in particular)

• Best distribution network in the country

More than 600 dealers

• Highly productive company, cost competitiveness coupled with high quality

1 vehicle every 20 seconds out of Betim plant

• New complex in Pernambuco proceeding apace

Production capacity of 200-250k a year available starting late 2014 to expand product offerings in upper layer of certain segments

FRESH, TOP-SELLING NAMEPLATES LAUNCHED AT THE HEART OF BRAZILIAN MARKET

2012 NEW PUNTO

• Full of technology an sportiveness, elected “Best Buy” national Sport

SIENA

• Leveraged with Grand Siena, Siena the best-selling sedan in Brazil

NEW PALIO WEEKEND

• Premium-priced, offering best-in- class technology in its category

NEW STRADA

• 49% segment share in Q1 „13

2013 NOVO UNO

• Launched in 2010, MY14 introduced in March 2013, adding College version

DODGE DURANGO

• Increasing coverage of CUV segment

2011 NOVO PALIO

• Strong success since first intro in market (1997), being completely redesigned for a new cycle


Business environment overview

Focus on China operations

CHINA SALES GROWTH

11

23

8

2 1 1

Q1 „12 Q1 „13

Vehicles (000s)

SALES

+109%

Fiat Viaggio

Jeep Compass/

Patriot

Chrysler 300C

Dodge Journey

• Dodge Journey returned to China in February

Newly imported 7-seater high-end CUV

Featuring class leading space, best-in-class rear seat entertainment system and best-in-class integrated child safety seat

• Fiat Viaggio sales continued to gain momentum

Winner of 59 awards since its launch in September 2012, including “2012 Sedan of the Year” by China Mainstream Media Alliance

• JV expanding further Fiat dealer network, exiting Q1 with 120 points of sale covering 80+ cities across China

JEEP BRAND IN CHINA

• Sales in China (~60% of total China sales) up 25% compared to Q1 2012, in one of fastest growing segments in the country

• Line-up enhanced by Asian premier of all-new Jeep Cherokee at Shanghai Auto Show in April

Featuring best-in-class capability, a segment-first 9-speed automatic transmission, cutting-edge sleek, revolutionary design with world-class craftsmanship

Debuted in Asia along with new 2014 Jeep Grand Cherokee and Jeep Wrangler Rubicon 10th Anniversary special edition

Complete Jeep line-up now to include Jeep Compass, Patriot, Wrangler, Cherokee and Grand Cherokee

• Jeep dealer network continued to expand coverage across China, exiting Q1 with 150+ points of sale in ~90 cities


Business environment overview Successful Fiat branded models, a halo-car for Alfa Romeo

4

4C

• A 2-seat compact supercar for brand global relaunch

Targeting ~3,500 units per year worldwide (~1,000 in Europe)

Very good initial acceptance for “Launch Edition” in EMEA (orders received for twice scheduled production)

• Produced in Modena plant

• Market intro in 2013

September in EMEA

Late year in U.S., marking brand‟s return to North American market

• Extremely powerful model

Carbon fiber mono-coque

Brand-new 1750 turbo gas all-aluminum engine

Sophisticated "Alfa TCT" twin dry clutch transmission

Alfa DNA selector with brand-new race mode, launch control and 0-100 km/h in 4.5 secs

• Launched in Q4 2012 throughout Europe, good market reception

Segment share of 17% (43% in Italy)

#1 in small MPV segment in March

• Enlarging model offerings in 2013

1.6L MultiJet II and RHD in March

Trekking in Q2

7-seater in Q3

• Global reach to expand, with export for NAFTA distribution starting Q2-end

• The most sold city-car in EU27+EFTA in Q1, again

• A-Segment leadership maintained in Q1

15% segment share (45% in Italy)

• The widest-range car offered in market

Panda Trekking & 4x4 represented ~15% of total Panda orders

Alternative-fuel (CNG & LPG) powered versions accounted for ~25% of total nameplate orders


Business environment overview The luxury market “redefined”

4

Maserati plant started working on 2-shift basis on April 29th to support increasing volumes for New Quattroporte and preparation for start of production of Ghibli

• World Premiere at Geneva Motor Show

• The finest expression of marque’s technical capabilities in both GT and F1 engineering

Performance, technological innovation, style, driving emotion

Over 960hp equipped with V12 6.3L V12 800hp engine coupled with HY-KERS technology delivering 163hp

Emissions reduced by 50% vs. Enzo

Most powerful naturally-aspirated engine ever used on a Ferrari road car

Top speed over 217mph (350+km/h)

0-62mph (0-100km/h) in less than 3 secs

• A limited edition supercar, just 499 units

Orders received 2x production run

• Priced over €1mn, tax excluded

• Brand-new flagship sedan, launched Q1 ‘13

With production volumes inching in Q1, run-rate expected from Q2

• Sporty and versatile engines produced in Maranello, tied up with 8-speed transmission

New 3.8L twin turbo V8 530hp, raising brand‟s tradition to new heights

Innovative 3L Twin Turbo V6 (330-410hp), also available in AWD version

• Very good initial market acceptance, particularly NAFTA & Asia, in line with FY target of 8+k units

• Unveiled at Shanghai Motor Show

• High-end E-segment sedan

Add-on to Maserati line-up, available in market from Q3

• A highly efficient yet powerful driving experience

Innovative 3L V6 Twin Turbo engine (ranging 330-410hp), specifically designed for Maserati and built at Ferrari plant, also available with Q4 “on demand” AWD

Brand‟s first-time diesel engine offering (3L 275hp)

8-speed ZF transmission

• Targeting 5+k shipments in 2013

http://www.maseratiquattroporte.it/exteriors.php


4 Business environment overview Market outlook (mn units)

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

APAC

FY '12 FY '13E

23.8 ~25.0

• Industry projected up ~5%

Improvement driven by strong growth in China and Australia offset by contraction in Japan as industry normalizes after strong recovery in 2012

• Group targeting to double sales growth (incl. JVs) in 2013

Growth driven primarily by Jeep, Fiat, Dodge and Chrysler brands

Group targeting significant growth in Fiat, Alfa Romeo and Fiat Professional brands in Australia

NAFTA

14.8

FY '12 FY '13E

1.7 ~1.7

FY '12 FY '13E

~15.5

• U.S.: Q1 annualized volumes (15.6mn vehicles) supportive of unchanged Company outlook for FY 2013 for industry

Expected growth of mid-single digit over prior year with cars estimated to be up ~8%, trucks up ~2%

• Canada industry for 2013 projected at 1.7mn vehicles

Q1 „13 annualized industry consistent with prior year‟s level

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

Passenger cars

• In light of demand levels during Q1, market outlook for 2013 in EU27+EFTA pointing to a further contraction, albeit moderate, resulting in the 6th consecutive year of decline

Market now seen down in the 3-5% range

• Italy projected at ~1.3mn units

LCVs

• Unchanged FY market outlook for the segment in EU27+EFTA (down ~5% vs. last year‟s levels)

LATAM

Passenger cars LCVs

4.5 ~4.7

1.3 ~1.3

FY '12 FY '13E

5.8 ~6.1

• Q1 market trend supportive of unchanged FY industry outlook of mid-single digit growth for the region

GDP growth of low/mid-single digit to drive Brazilian market up ~5%

Argentinian market performing well and in line with FY expectations for growth in line with GDP

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

(1)

(1)


• Q1 2013 challenged by ongoing product changeovers in NAFTA

End of production of Jeep Liberty in 2012 to prepare for start of production in Q2 2013 of all-new 2014 Jeep Cherokee at Toledo plant (Ohio)

Ongoing launches of the new 2014 Jeep Grand Cherokee and 2013 Ram Heavy Duty pickup truck

• Q1 revenue for Chrysler Group down 6% from €12.5bn a year ago

Decline primarily attributable to lower shipments related to new vehicle launches as well as reduced international shipments due to continued economic weakness in Europe and import restrictions in Latin America

• Chrysler Group trading profit of €593mn, down 27% vs. Q1 2012 on a like-for-like basis (1)

Decrease attributable to lower shipment volumes and industrial costs associated with key model changeovers, partly offset by favorable net pricing in North America

• Key product launches and resulting shipment growth expected to position Chrysler Group for a strong performance in H2

CHRYSLER GROUP (Q1 TO Q2E 2013 SHIPMENTS BRIDGE)

574

650+ ~50

~30

Q1 2013 Other vehicles

Q2 2013E Grand Cherokee & Ram trucks

(1) Q1 2012: €816mn, restated for adoption of IAS 19 as amended

Q1 ‟13 shouldered impact of aggressive product launch schedule for Chrysler Group

4


Q1 ‟12 Q1 „13

LATAM +7%

APAC +28%

NAFTA -2%

EMEA -6%

- 1017 1,019

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

245

230

510

32

260

215

519

25

4

(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


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

July

Q3 RESULTS

October

2013 Financial calendar

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

Three Months ended Mar 31, 2013

EURO (mn)

USD (mn)

Chrysler Net Income – IFRS (1) 266 351

Reconciling Items:

Capitalization of development costs, net of amortization (2)

(214) (282)

Pension/OPEB adjustments 105 137

Other (31) (40)

(140) (185)

Chrysler Net Income - US GAAP 126 166


Mar 31, 2013

EURO (mn)

USD (mn)

Chrysler Net Debt - IFRS 1,364 1,746

Unamortized purchase accounting adjustments (1)

(510) (653)

Classification and other differences:

Accrued interest (401) (514)

Other 30 40

(371) (474)

Net Industrial Debt - US GAAP 483 619

(1) In connection with the 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

Q1 2013 Q1 2012

Avg. Outstanding

(€bn)

Rate (%)

P&L (€mn)

Avg. Outstanding

(€bn)

Rate (%)

P&L (€mn)

Capital Market (11.9) 7.0% (207) (11.3) 7.2% (205)

Other Financial Debt (1) (14.2) 6.6% (233) (13.8) 6.9% (239)

Gross Industrial Debt (26.1) 6.7% (440) (25.2) 7.0% (444)

Industrial Cash & Net Intersegment Financial Receivables (2)

19.0 0.9% 44 19.2 1.3% 62

Net Industrial Debt (3) (7.1) (396) (5.9) (382)

IAS 19 (interest cost on pension & OPEB)

(92) (91)

Equity Swap 15 38

Others (4) 30 3

Net Financial Charges (443) (432)

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

Q1 2013 Q1 2012 (1) Q1 2013 Q1 2012 (1)

Adj. Net Industrial (Debt)/Cash beginning of period (6,545) (5,529) (5,048) (2,449)

Net Income 31 262 (235) (276)

D&A 1,051 1,034 557 538

Change in Funds & Others (125) 108 (116) (161)

Cash Flow from Op. Activities bef. Chg. in W.C. 957 1,404 206 101

Change in Working Capital 135 (236) (167) (1,068)

Cash Flow from Operating Activities 1,092 1,168 39 (967)

Tangible & Intangible Capex (1,568) (1,581) (653) (618)

Cash Flow from Operating Activities net of Capex (476) (413) (614) (1,585)

Change in Investments, Scope & Others (26) 151 (74) 188

Net Industrial Cash Flow (502) (262) (688) (1,397)

Capital Increase / Share Repurchases / Dividends (1) 1 (1) 1

FX Translation Effect (57) 18 (4) (1)

Change in Net Industrial Debt (560) (243) (693) (1,397)

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



Dec. 31, ‘12

Mar. 31, ‘13

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

17.5 14.1 3.4 Gross Debt* 18.3 14.7 3.6

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

(9.1) (8.8) (0.3) Cash & Mktable Securities (9.1) (8.8) (0.3)

8.1 5.0 3.1 Net Debt 9.0 5.7 3.3

* Net of intersegment receivables

Fiat ex Chrysler Net debt breakdown (€bn)



Outstanding Dec. 31, ‟12

Outstanding Mar. 31, ‟13

16.6 Cash Maturities 17.5

5.5 Bank Debt 5.9 9.9 Capital Market 10.2 1.2 Other Debt 1.3

0.4 Asset-backed financing 0.5

0.0 ABS / Securitization 0.0 0.0 Warehouse Facilities 0.0 0.4 Sale of Receivables 0.5

0.4 Accruals & Other Adjustments 0.4

17.5 Gross Debt 18.3

(9.1) Cash & Mktable Securities (9.1)

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

8.1 Net Debt 9.0

2.0 Undrawn committed credit lines 2.0

Fiat ex Chrysler Gross debt (€bn)


Outstanding Dec. 31, ‟12

Outstanding Mar. 31, ‟13

10.1 Cash Maturities 10.3

2.7 Bank Debt 2.8

2.4 Capital Market 2.5

5.0 Other Debt 5.0

0.0 Asset-backed financing 0.0

0.0 ABS / Securitization 0.0

0.2 Accruals & Other Adjustments 0.4

10.3 Gross Debt 10.7

(8.8) Cash & Mktable Securities (9.3)

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

1.5 Net Debt 1.4

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 Mar. 31, ‘13

Fiat ex Chrysler 9M 2013 2014 2015 2016 2017 Beyond

5.9 Bank Debt 2.3 1.3 1.2 0.5 0.3 0.3

10.2 Capital Market 0.1 2.2 1.9 2.3 1.9 1.9

1.3 Other Debt 0.9 0.1 0.0 0.0 0.0 0.3

17.5 Total Cash Maturities 3.4 3.6 3.1 2.8 2.1 2.5

9.1 Cash & Mktable Securities

2.0 Undrawn committed credit lines

11.0 Total Available Liquidity

3.7 Sale of Receivables (IFRS de-recognition compliant)

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

Outstanding Mar. 31, ‘13

Chrysler 9M 2013 2014 2015 2016 2017 Beyond

2.8 Bank Debt 0.0 0.0 0.0 0.0 2.3 0.3

2.5 Capital Market 0.0 0.0 0.0 0.0 0.0 2.5

5.0 Other Debt 0.2 0.3 0.3 0.4 0.4 3.4

10.3 Total Cash Maturities 0.3 0.4 0.4 0.4 2.7 6.2

9.3 Cash & Mktable Securities

1.0 Undrawn committed credit lines

10.3 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

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