q3 2016 results - fca group · q3 2016 results 2october 25, 2016 ... with additional production...

Q3 2016 Results October 25, 2016

Q3 2016 Results October 25, 2016 2

This document, and in particular the section entitled “2016

guidance – revised upwards”, contains forward-looking

statements. These statements may include terms such as

“may”, “will”, “expect”, “could”, “should”, “estimate”,

“anticipate”, “believe”, “remain”, “on track”, “design”, “target”,

“objective”, “goal”, “forecast”, “projection”, “outlook”,

“prospects”, “plan”, “intend”, or similar terms. Forward-

looking statements are not guarantees of future

performance. Rather, they are based on the Group’s current

expectations and projections about future events and, by

their nature, are subject to inherent risks and uncertainties.

They relate to events and depend on circumstances that may

or may not occur or exist in the future and, as such, undue

reliance should not be placed on them. Actual results may

differ materially from those expressed in such statements as a

result of a variety of factors, including: the Group’s ability to

reach certain minimum vehicle volumes; developments in

global financial markets and general economic and other

conditions; changes in demand for automotive products,

which is highly cyclical; the Group’s ability to enrich the

product portfolio and offer innovative products; the high

level of competition in the automotive industry; the Group’s

ability to expand certain of the Group’s brands

internationally; changes in the Group’s credit ratings; the

Group’s ability to realize anticipated benefits from any

acquisitions, joint venture arrangements and other strategic

alliances; potential shortfalls in the Group’s defined benefit

pension plans; the Group’s ability to provide or arrange for

adequate access to financing for the Group’s dealers and

retail customers; the Group’s ability to access funding to

execute the Group’s business plan and improve the Group’s

business, financial condition and results of operations;

various types of claims, lawsuits and other contingent

obligations against the Group; disruptions arising from

political, social and economic instability; material operating

expenditures in relation to compliance with environmental,

health and safety regulation; developments in labor and

industrial relations and developments in applicable labor

laws; increases in costs, disruptions of supply or shortages

of raw materials; exchange rate fluctuations, interest rate

changes, credit risk and other market risks; political and

civil unrest; earthquakes or other disasters and other risks

and uncertainties.

Any forward-looking statements contained in this

document speak only as of the date of this document and

the Company does not undertake any obligation to update

or revise publicly forward-looking statements. Further

information concerning the Group and its businesses,

including factors that could materially affect the

Company’s financial results, is included in the Company’s

reports and filings with the U.S. Securities and Exchange

Commission, the AFM and CONSOB.

Safe Harbor Statement


Group overview

Mass-market brands by region

Luxury brand - Maserati

Components

Industry outlook & guidance

Appendix


Highlights

Record performance with highest ever Q3 Adjusted EBIT

All segments improved except LATAM

Maserati returned to double-digit Adjusted EBIT margin

Q3 global Jeep shipments (including JV) up 3% y-o-y, up 11% YTD

FCA named to Dow Jones Sustainability Index World for the 8th consecutive year

Highest sector score for climate strategy, environmental reporting, brand management and supply chain management

New labor agreement with Unifor in Canada ratified on October 16

4-year agreement with wage increases for all eligible represented employees

Modified new hire wage progression plan to provide wage increases each year to eligible employees

Production of all-new Jeep Compass began in September at Pernambuco (Brazil) plant

North American debut at Los Angeles Auto Show in November

To be sold globally, with additional production sites in China and Mexico

2016 FY guidance revised upwards due to strong year-to-date operating performance

Net revenues >€112B confirmed

Adjusted EBIT* raised to >€5.8B from >€5.5B

Adjusted net profit* raised to >€2.3B from >€2.0B

Net industrial debt <€5.0B confirmed

These supplemental financial measures are non-GAAP. Guidance is not provided on the most directly comparable IFRS financial statement line item as

the income or expense excluded from Adjusted EBIT and Adjusted net profit in accordance with our policy are, by definition, not predictable and uncertain.


New products

• Initial versions of new global modular small engine family

• 1.0 liter three-cylinder and 1.3 liter four-cylinder engines, with aluminum block construction

• Launched in LATAM in the refreshed 2017 Fiat Uno, delivering best-in-class torque and fuel economy

• Future versions will incorporate additional technologies, including direct injection and turbocharging

• Return of the iconic roadster further enhances the Abarth brand image

• Class-exclusive 170-horsepower turbocharged engine

• Curb weight of only 1,060 kg and nearly 50/50 weight distribution ensuring performance and agility

• Available from Q3 ‘16 in Europe and NAFTA

Small Engine Family

• Maserati’s first ever SUV

• Available from Q2 ‘16 in Europe and from Q3 ‘16 in NAFTA and APAC

• Over 18,000 orders received worldwide – vast majority are customer orders

• Reaffirms commitment to luxury strategy and business plan targets for the brand

Q3 2016 Results 6 October 25, 2016

• Increase in Adjusted net profit also reflects €93M lower net financial expenses primarily due to gross debt reduction and €100M lower tax expense mainly from higher tax credit utilization

• Net profit was €606M compared to a Net loss of €387M in Q3 ‘15

Q3 ‘16 summary *

• Combined shipments (including JVs) in line with prior year

• JV shipments higher due to transition to local Jeep production in China

Shipments (000s units)

Q3

Refer to Appendix for definitions of supplemental financial measures and reconciliations to applicable IFRS metrics. Figures may not add due to rounding.

* Information for 2015 has been re-presented to exclude Ferrari, consistent with Ferrari’s classification as a discontinued operation for the year ended December 31, 2015. Refer to the Appendix for a reconciliation of these results to amounts previously reported.

• Net revenues in line with Q3 ’15 and flat at constant exchange rates (CER)

• Positive pricing and mix offset 4% reduction in consolidated shipments

Net revenues (€M)

26,798

26,836

2015

2016

Q3

• Adjusted EBIT up 29%, with margin at 5.6% (vs 4.3% in Q3 ’15)

• EBIT increased to €1,341M from €225M in Q3 ’15 primarily due to higher Adjusted EBIT and the change in estimated recall campaign costs recognized in Q3 ‘15

Adjusted EBIT (€M)

1,163

1,500

2015

2016

Q3

• Net industrial debt €1.0B higher than June 30, ’16 primarily due to normal

working capital seasonality

Net industrial debt (€B)

• Lower liquidity due to seasonal cash absorption from operations

Available liquidity (€B)

23.2

24.7

YTD

YTD

81,299

81,181

YTD

4,507

3,264 18.6

17.0

6.2

6.2

Jun 30 ‘16

Sep 30 ‘16

Undrawn committed credit lines Cash & Marketable Securities

5.5

6.5 Sep 30 ‘16

Jun 30 ‘16

Adjusted net profit (€M)

Q3

210

740

2015

2016

YTD

1,977

613 1,112

1,066

26

57

2015

2016 1,123

1,138

JV shipments Consolidated shipments

3,327 160

3,396 85


Q3 ‘16 Adjusted EBIT walk by segment *

* Information for 2015 has been re-presented to exclude Ferrari, consistent with Ferrari’s classification as a discontinued operation for the year ended December 31, 2015 .

Refer to the Appendix for a reconciliation of these results to amounts previously reported.

€M % = Adjusted EBIT margin

95

(44)

104 84

91 14

(7)

Q3 '15 NAFTA LATAM APAC EMEA Maserati Components Other & Eliminations

Q3 '16

B/(W) than

Q2 ‘16 (93) (16) (21) (39) 67 1 (27) (128)

4.3%

5.6%

1,163

1,500


103 57

136

(47)

88

Q3 '15 Volume & Mix Net price Industrial costs SG&A Other Q3 '16

Q3 ‘16 Adjusted EBIT walk by operational driver *

B/(W) than

Q2 ‘16 (172) (23) 6 78 (17) (128)



4.3%

5.6%

€M % = Adjusted EBIT margin

1,163

1,500


Q3 ‘16 Net industrial debt walk

Q3 ’16 Change in Net industrial debt (1,040) €M

* Net of IAS 19

YTD ‘16 8,818 (1,843) (136) (1,362) (5,893) (1,049)

Q3 ’16 Cash flows from operating activities, net of Capex (1,187)

YTD ’16 Change in Net industrial debt (1,465)

YTD ’16 Cash flows from operating activities, net of Capex (416)

(5,474)

2,941

(638) (242)

(1,227)

(2,021)

147

(6,514)

Jun 30 '16 Adjusted industrial EBITDA

Financial charges and

taxes *

Change in funds & other

Working capital

Capex Scope, FX & dividend

Sep 30 '16


NAFTA

Q3 ‘16 Q3 ’15 ∆

Sales (k units) 656 667 (2)%

Market share 12.0% 12.1% (10) bps

U.S. dealer inventory (days of supply) 72 73 (1) d/s

Shipments (k units) 627 685 (8)%

Net revenues (€M) 16,810 17,704 (5)%

Adjusted EBIT walk (€M)

%= Adjusted EBIT margin

Sales data represents sales to retail and fleet customers and limited deliveries to Group-related persons.

Sales by dealers to customers are reported through a new vehicle delivery system. U.S. dealer inventory

days of supply calculated using total sales including fleet.

o Planned reduction in Chrysler 200 and Dodge Dart volumes and higher fleet mix, partially offset by favorable vehicle mix

o Positive net pricing, partially offset by negative FX transaction impact from CAD and MXN

o Industrial costs improved due to purchasing efficiencies and lower warranty costs, partially offset by higher product costs for content enhancements and higher manufacturing costs

o Higher SG&A primarily due to advertising expense to support product launches

o Adjusted EBIT excludes net charges of €149M primarily relating to estimated costs associated with a planned recall for which there is ongoing litigation with a component supplier; although FCA believes supplier has responsibility, no recovery recognized as resolution with supplier is pending

7.7%

B/(W)

Q2 ‘16 (171) (3) 59 15 7 (93)

6.7%

7.6%

o Industry sales down 1% y-o-y in the U.S. and down 2% in Canada, with Group sales down 2% in the region

U.S. sales up 1% to 570k vehicles, with share up 30 bps to

12.5%; Jeep and Ram sales up 5% and 11%, respectively

U.S. dealer days of supply decreased to 72 days vs 75

at the end of Q2 ‘16 and vs 73 at the end of Q3 ‘15

U.S. fleet mix of sales at 21% vs 17% in Q3 ‘15

In Canada, sales of 65k units, down 18%; market share

at 12.6%, down 240 bps

Mexico sales down 6% to 21k units

o Shipments in U.S. down 45k units (-8%), Canada down 9k units (-13%) and Mexico down 4k units (-13%)

o Net revenues down 5% at CER, due to lower shipments, partially offset by favorable vehicle mix

1,186 1,281

(204)

40

285

(37)

11

Q3 '15 Volume & Mix

Net price Industrial costs

SG&A Other Q3 '16

7.6%

6.7%




B/(W)

Q2 ‘16 8 (18) (8) 2 0 (16)

Q3 ‘16 Q3 ‘15 ∆

Sales (k units) 124 149 (17)%

Market share 12.9% 14.3% (140) bps

Inventories (days of supply) 48 39 9 d/s

Shipments (k units) 111 140 (21)%

Net revenues (€M) 1,491 1,515 (2)%

LATAM

(4.3)%

1.8%

(1.1)%

o Industry down 8% due to continued macroeconomic weakness in Brazil

Brazil industry down 17% y-o-y, Argentina up 12%

o Continued as market leader in Brazil with share at 18.6%

Jeep Renegade and all-new Fiat Toro continued strong performance in Brazil and were market leaders in their segments with a share of 24.6% and 75.5%, respectively

Shipments in Brazil down 30k units (-26%), Argentina up 2k units (+8%)

o Net revenues down 7% at CER

o Lower volumes due to poor market conditions in Brazil more than offset by higher volumes in Argentina and mix improvement primarily from all-new Fiat Toro

o Higher industrial costs mainly due to increased input costs driven by inflation and FX effects

o SG&A improvement driven by continued cost reduction initiatives to right size to market volume

o Other primarily reflects FX translation impact

28

(16)

3

7

(50)

6

(10) Q3 '15 Volume &

Mix Net price Industrial

costs SG&A Other Q3 '16

1.8%

(1.1)%


APAC

APAC market share reflects aggregate for major markets where Group competes (China, Australia, Japan,

South Korea and India). Market share is based on retail registrations except in India where market share is

based on wholesale volumes.

* Calculated based on combined sales and inventories



B/(W)

Q2 ‘16 4 (12) (25) 5 7 (21)

xx%

3.1%

Q3 ‘16 Q3 ‘15 ∆

Combined sales (k units)

of which China JV sales

61 35

48 8

27% 338%

Market share 0.8% 0.7% 10 bps

Inventories (days of supply) * 97 138 (41) d/s

Combined shipments (k units)

of which China JV shipments

61 39

36 6

69% 550%

Net revenues (€M) 861 842 2%

4.4%

2.2%

(9.9)%

2.4%

o Industry up 18% with China +26%, India +18%, Australia +2%,

Japan flat and South Korea -12%

o Group combined sales increased 27% with market share up

10 bps compared with prior year

China +52%, Japan +23%, both outperforming their

respective industries

Australia -49% due to impact of price increases to offset

AUD weakness, South Korea -2% and India -4%

Jeep brand (81% of regional Group sales) +76% y-o-y

driven by higher sales of Cherokee and Renegade

o Combined shipments up 69% with higher JV shipments, partially offset by reduction of imported vehicles

o Net revenues +2% at CER

o Lower imported volumes in China due to transition to local Jeep production, more than offset by favorable vehicle mix from imported vehicles

o Lower net price due to incentives for completion of the sell-out of discontinued and other imported vehicles

o Higher industrial costs due to unfavorable FX transaction impact

o Lower SG&A primarily due to marketing expenses now incurred by China JV

o Other reflects improved results from China JV and favorable FX impact

(83)

40

(23) (17)

33

71 21

Q3 '15 Volume & Mix


SG&A Other Q3 '16

(9.9)%

2.4%


EMEA

Passenger Cars o EU28+EFTA (EU) industry up 5% to 3.5M units with growth in

all major markets: Italy (+12%), Spain (+10%), Germany (+4%) and UK (+1%) except France (-1%)

o EU Sales up 11% to 215k units. EU market share up 40 bps driven by increases in Italy (+70 bps), France (+30 bps), Spain (+80 bps), Germany (+50 bps)

o Shipments at 229k (+16%)

LCVs

o EU industry up 14% to 508k units with growth in all major markets: Italy (+43%), France (+4%), Spain (+11%), Germany (+22%) and UK (+4%)

o EU sales up 17% to 56k units with EU market share at 11.0%

o Shipments at 66k (+24%)

o Increase in inventories due to new model launches and timing of fleet shipments

o Volume increase and favorable mix driven primarily by

all-new Fiat Tipo family

o Industrial costs increase reflects higher R&D and

manufacturing costs, partially offset by purchasing efficiencies

o Higher SG&A mainly due to advertising to support new

product launches

o Other reflects improved results from JVs and favorable FX



20

104

130 10

(48)

(35)

27

Q3 '15 Volume & Mix


SG&A Other Q3 '16

2.1%

0.4%

B/(W)

Q2 ‘16 (105) 9 10 54 (7) (39)

Q3 ‘16 Q3 ‘15 ∆

Sales (k units) 310 286 8%

EU Market share - passenger cars 6.1 5.7 40 bps

EU Market share - LCVs 11.0 10.7 30 bps

Inventories (days of supply) 72 64 8

Shipments (k units) 295 250 18%

Net revenues (€M) 5,070 4,611 10%


Luxury brand Maserati

Q3 ‘16 Q3 ’15 ∆

Shipments (units) 10,656 6,916 54%

Net revenues (€M) 873 516 69%

Adjusted EBIT (€M) 103 12 758%

Adjusted EBIT margin 11.8% 2.3% 950 bps

Commercial Performance

o Higher shipments from all-new Levante, partially offset by lower Ghibli shipments

o Over 18,000 global orders for Levante, vast majority of which are customer orders, reflecting strong demand in all regions

Financial Performance

o Increase in Net revenues driven by higher volumes,

positive net pricing, as well as favorable vehicle and

market mix mainly due to all-new Levante

o Adjusted EBIT increase due to higher Net revenues,

partially offset by increase in industrial costs and

commercial launch activities

Q3 ‘16 Shipments By Market

North

America

28%

Europe

Top-5

19%

Greater

China

32%

Japan

2%

Other

19%

All-new Levante SUV


2,348

2,390

Q3 '15

Q3 '16

Components

o Increase in Net revenues reflects higher volumes and favorable mix at Magneti

Marelli, partially offset by lower volumes at Comau

o Adjusted EBIT increase due to higher Net revenues, partially offset by higher

industrial costs

o Magneti Marelli non-captive Net revenues at 69%, in line with Q3 ‘15

98

112

Q3 '15

Q3 '16

Adjusted EBIT

(€M) Adjusted

EBIT

Margin

4.7%

4.2%

Net revenues


NAFTA (passenger cars, UVs, pickup trucks & LCVs)

LATAM (passenger cars & LCVs)

APAC

(passenger cars only)

EMEA (EU28+EFTA) (passenger cars & LCVs)

FY '15

FY '16E

FY '15

FY '16E

FY '15

FY '16E

Industry outlook

28.9 - 29.4

21.1

21.0 – 21.5 ~3.6

4.1

16.6 – 17.1

16.1

M units

Xxx

xxx

Forecast unchanged

Market trend indicates high-end of range

FY '15

FY '16E 28.9 – 29.4

28.2

Forecast unchanged

U.S. industry stable

Forecast increased by 0.5M due to continued positive market momentum

YTD September trend indicates high-end of range

Forecast adjusted to low-end of prior range reflecting continued weak market conditions in Brazil, currently forecasted at ~2M units

17 Q3 2016 Results October 25, 2016

2016 guidance – revised upwards

>110 Net revenues

>5.0 Adjusted EBIT*

>1.9 Adjusted net profit*

<5.0 Net industrial debt

Raised to >112

Raised to >5.5

Raised to >2.0

Confirmed

Original

January ‘16

Revised

July ‘16

Confirmed

Raised to >5.8

Raised to >2.3

Confirmed

Current

Revision

€B

These supplemental financial measures are non-GAAP. Guidance is not provided on the most directly comparable IFRS financial statement line item as

the income or expense excluded from Adjusted EBIT and Adjusted net profit in accordance with our policy are, by definition, not predictable and uncertain.


APPENDIX


FCA 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. Group management believes

these supplemental financial measures provide comparable

measures of its financial performance which then facilitate

management’s ability to identify operational trends, as well as

make decisions regarding future spending, resource

allocations and other operational decisions.

Supplemental financial measures

FCA’s supplemental financial measures are defined as follows:

Adjusted Earnings Before Interest and Taxes (“Adjusted

EBIT”) is computed as EBIT excluding: gains/(losses) on the

disposals of investments, restructuring, impairments, asset

write-offs and other unusual items that are considered rare

or discrete events that are infrequent in nature

Adjusted Net Profit is calculated as Net Profit excluding

after-tax impacts of the same items excluded from

Adjusted EBIT

Adjusted Earnings Before Interest, Taxes, Depreciation and

Amortization (“Adjusted EBITDA”) is computed starting

with Adjusted 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


Key performance metrics

Three months ended Sep 30 Nine months ended Sep 30

2016 2015 2016 2015

1,123 1,138 Combined shipments (units ‘000) 3,487 3,481

1,066 1,112 Consolidated shipments (units ‘000) 3,327 3,396

26,836 26,798 Net revenues 81,299 81,181

1,341 225 EBIT 3,708 2,147

159 938 Adjustments 799 1,117

1,500 1,163 Adjusted EBIT 4,507 3,264

80 25 Of which: Result from investments 221 120

(528) (621) Net financial expenses (1,531) (1,848)

813 (396) Profit/(Loss) before taxes 2,177 299

207 (9) Tax expense/(benefit) 772 402

606 (387) Net profit/(loss) 1,405 (103)

740 210 Adjusted net profit 1,977 613

€M, except as otherwise stated


Reconciliation of Adjusted EBIT to EBIT and Adjusted net profit to Net profit/(loss)

Adjusted EBIT to EBIT


2016 2015 2016 2015

1,500 1,163 Adjusted EBIT 4,507 3,264

- - Recall campaigns - airbag inflators (414) -

(157) - Planned recall – in litigation with supplier (157) -

- - NAFTA capacity realignment (156) -

- (761) Change in estimate for future recall campaign costs - (761)

- (142) Tianjin (China) port explosions - (142)

- - Venezuela currency devaluation (19) (80)

- -

U.S. National Highway Traffic Safety Administration

(NHTSA) consent order - (81)

1 (13) Restructuring reversal/(costs) (66) (25)

(16) (11) Impairment expense (16) (15)

8 - Gains on disposal of investments 13 -

5 (11) Other 16 (13)

(159) (938) Total adjustments (799) (1,117)

1,341 225 EBIT 3,708 2,147

Adjusted net profit to Net profit/(loss)


2016 2015 2016 2015

740 210 Adjusted net profit 1,977 613

(159) (938) Adjustments - as above (799) (1,117)

25 341 Tax impact on adjustments 227 401

(134) (597) Total adjustments, net of taxes (572) (716)

606 (387) Net profit/(loss) 1,405 (103)

€M


Reconciliation of Net industrial debt to Debt

Sep 30 ’16 Jun 30 ’16 Dec 31 ‘15

Net industrial debt 6,514 5,474 5,049

Net financial services debt 1,708 1,689 1,499

Net debt 8,222 7,163 6,548

Intercompany financial receivables/(payables), net - - (39)

Current financial receivables from jointly-controlled

financial services companies 62 50 16

Other financial assets/(liabilities), net 48 (397) 117

Current securities 334 414 482

Cash and cash equivalents 16,626 18,144 20,662

Debt 25,292 25,374 27,786

€M


Reconciliation of results for Ferrari separation

Results excluding

Ferrari (as reported

herein)

Ferrari, net of

intercompany

Results including

Ferrari (previously reported)

Results excluding

Ferrari (as reported

herein)

Ferrari, net of

intercompany

Results including

Ferrari (previously reported)

1,112 2 1,114 Shipments (units ‘000) 3,396 6 3,402

26,798 670 27,468 Net revenues 81,181 1,911 83,092

225 135 360 EBIT 2,147 353 2,500

1,163 140 1,303 Adjusted EBIT 3,264 364 3,628

(387) 88 (299) Net profit/(loss) (103) 229 126

The following is a reconciliation of the Group's results as reported herein for the three and nine months ended September 30,

2015 (re-presented to exclude Ferrari) to the Group's results previously reported. The amounts presented in the table below are

not representative of the income statement of Ferrari on a stand-alone basis, as these amounts are net of transactions between

Ferrari and other companies of the Group.

Nine months ended Sep 30, 2015 Three months ended Sep 30, 2015

€M, except as otherwise stated


YTD Adjusted EBIT walk *

3,264

4,507 768 111 46

241 64 47

(34)

9m '15 NAFTA LATAM APAC EMEA Maserati Components Other & Eliminations

9m '16 YTD

Sep 30 ‘15

YTD

Sep 30 ‘16

€M

3,264

753 200 141

(13)

162 4,507

Volume & Mix


SG&A Other YTD

Sep 30 ‘15

YTD

Sep 30 ‘16



5.5%

4.0%

4.0%

5.5%


Market Share - mass-market brands

LATAM

12.414.1

11.6 11.2

21.3 21.4 19.8 18.6

Q3 ‘13 Q3 ‘14 Q3’ 15 Q3 ‘16

%

NAFTA

Q3 ‘13 Q3 ‘14 Q3’ 15 Q3 ‘16

10.9

12.3 12.2 12.5

13.9 14.8 15.0

12.6

Market share based on retail registrations except in India where it is based on wholesale volumes

Q3 ‘13 Q3 ‘14 Q3’ 15 Q3 ‘16

APAC

0.8

1.00.8 0.9

3.64.3

2.8

1.4

0.5

0.3 0.20.3

0.4

0.40.50.5

LCV

Passenger

Cars

LCV

Passenger Cars

EMEA

Q3 ‘13 Q3 ‘14 Q3’ 15 Q3 ‘16


Note: Numbers may not add due to rounding

* Represents total cash maturities excluding accruals

Outstanding

Sept 30 ’16 FCA Group Q4 2016 2017 2018 2019 2020 Beyond

9.6 Bank Debt 1.6 3.2 2.7 0.6 0.4 1.1

13.8 Capital Market 1.6 2.5 1.9 1.5 1.3 5.0

1.4 Other Debt 0.4 0.2 0.2 0.2 0.1 0.3

24.8 Total Cash Maturities* 3.7 5.9 4.8 2.3 1.9 6.3

17.0 Cash & Mktable Securities

6.2 Undrawn Committed Revolving

Facilities

23.2 Total Available Liquidity

5.5 Sale of Receivables (IFRS de-recognition compliant)

3.5 of which receivables sold to financial services JVs (FCA Bank)

Debt maturity schedule

€B


Investor Relations Team

Joe Veltri +1-248-576-9257 Vice President

Erin Banyas +1-248-512-3224

Francesca Ferragina +39-011-006-2308

Tim Krause +1-248-512-2923

Alois Monger +1-248-512-1549

Paolo Mosole +39-011-006-1064

fax: +39-011-006-3796

email: [email protected]

websites: www.fcagroup.com

Contacts

q3 2016 results - fca group · q3 2016 results 2october 25, 2016 ... with additional production...

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