Presentation3
Agenda
Page
Q1 2015 Results
April 29, 2015
Safe Harbor Statement
This document, and in particular the section entitled “2015
Guidance”, contains forward-looking statements. These
statements may include terms such as “may”, “will”, “expect”,
“could”, “should”, “intend”, “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 sales 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; the Group’s
ability to integrate its operations; potential shortfalls in the
Q1 2015 Results
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; our ability to achieve the benefits
expected from the proposed separation of Ferrari; political
and civil unrest; earthquakes or other natural 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.
April 29, 2015
2
Group overview
Components
Mass-market brands by region
Product & event information
Ferrari and Maserati brands
Industry outlook & guidance
Q1 2015 Results
April 29, 2015
3
Q1 ’15 executive summary
WORLDWIDE SHIPMENTS WERE 1.1 MILLIONS UNITS
 Jeep brand continued its volume growth with shipments up 11% and sales up 22% y-o-y
FINANCIAL RESULTS





HIGHLIGHTS
Net revenues at €26.4B
Adjusted EBIT at €800M (EBIT at €792M)
Net profit of €92M
Net industrial debt at €8.6B
Total available liquidity at €25.2B
NEW MODEL L AUNCHES EXPAND REACH OF FIAT, JEEP AND RAM BRANDS
 Fiat 500X crossover vehicle launched in EMEA
 Jeep Renegade launched in NAFTA
 Ram Pro Master City, derived from Fiat Doblò, was launched in NAFTA
PERNAMBUCO (BRAZIL) PLANT BEGAN PRODUCTION OF JEEP RENEGADE
IN FEBRUARY REPAID €1.5B FCA NOTES AT MATURITY
USING EXISTING LIQUIDITY
PLANNED SEPARATION OF FERRARI ON TRACK
 10% IPO – Q3 '15
 Spin-off of remaining shares to FCA shareholders – Q1 '16
2015 GUIDANCE* - CONFIRMED





Worldwide shipments in 4.8 – 5.0M range
Net revenues ~€108B
Adjusted EBIT in €4.1 - 4.5B range
Net profit of €1.0 - 1.2B
Net industrial debt in €7.5 - 8.0B range
* Figures do not include any impacts from the previously announced capital transactions regarding Ferrari
Q1 2015 Results
April 29, 2015
4
Q1 ‘15 highlights
Q1
Shipments
(000s units)
Q1
2015
Net profit
1,095
2014
(€M)
1,113


2014
92
(173)
Net profit includes:
Shipments down 2%

2015
NAFTA: 633k (+8%)
LATAM: 135k (-34%)
APAC: 47k (-13%)


EMEA: 271k (+5%)
Ferrari: 1,635 (-6%)
• Maserati: 7,306 (-9%)
Net financial expense of €606M
Tax expense of €94M
Net profit attributable to owners of the parent of €78M



Q1
Net revenues
(€M)
2015
2014
26,396
*
22,125
Net revenues up 19% (+4% at constant exchange rates - CER)




NAFTA: €16,177M (+38%)
LATAM: €1,551M (-21%)
APAC: €1,512M (+1%)
EMEA: €4,684M (+8%)

Ferrari: €621M (flat)
Maserati: €523M (-19%)

Components: €2,435M (+17%)

Net industrial
debt
(€B)
Mar 31 '15
8.6
Dec 31 '14
7.7
Net industrial debt increased by €0.9B vs Dec ’14 reflecting:


Timing of capital expenditures
Seasonal working capital increase
Q1
Adjusted EBIT
(€M)
2015
800
2014
655
Adjusted EBIT up 22%




NAFTA: €601M (3.7% margin)
LATAM: -€65M (-4.2%)
APAC: €65M (4.3%)
EMEA: €25M (0.5%)
Total available
liquidity
(€B)
Mar 31 '15
Dec 31 '14
21.9
23.0
Cash & Marketable Securities



Ferrari: €100M (16.1%)
Maserati: €36M (6.9%)
Components: €68M (2.8%)
EBIT at €792M (vs €270M in Q1 ‘14)
3.3
3.2
25.2
26.2
Undrawn committed credit lines
Total available liquidity was €1B lower than Dec ‘14 resulting from:

Operating cash absorption

€1.5B bond repayments at maturity

Favorable currency translation
Note: Graphs not to scale. Numbers may not add due to rounding
Q1 2015 Results
April 29, 2015
5
Q1 ‘15 Adjusted EBIT walk
€M
221
97
(109)
655
(23)
(70)
Q1 '14
NAFTA
LATAM
APAC
EMEA
Ferrari
B/(W) than
Q4 ‘14
(21)
(185)
(62)
(3)
(15)
Q1 2015 Results
20
20
Maserati
(29)
800
(11)
Components
(43)
Other &
Eliminations
81
Q1 '15
(277)
April 29, 2015
6
Q1 ‘15 net industrial debt walk
€M
Change in Net Industrial Debt
(953)
Cash Flow from operating activities, net of Capex
(1,132)
2,140
399
(608)
(985)
(7,654)
179
(8,607)
(2,078)
Dec 31 '14
Adjusted industrial Financial charges Change in funds &
EBITDA
and taxes *
other
Working capital
Capex
Scope, FX &
dividend
Mar 31 '15
* Net of IAS 19
Q1 2015 Results
April 29, 2015
7
NAFTA
Commercial highlights
Q1 ’15
Q1 ‘14
Sales (k units)
587
556
Market Share
12.4%
12.5%
U.S.
12.5%
12.5%
Canada
16.4%
16.6%
Commercial Performance
o Industry remained strong with U.S. and Canada up 6%
and 3% respectively
o Group sales up 6%
o U.S.

Vehicle sales up 6% to 506k vs 476k last year
 Jeep brand posted best quarterly sales performance ever,
up 23% to 179k vehicles as all Jeep models increased sales
Brand Portfolio Expansion
 Chrysler brand sales increased 13% led by the Chrysler 200
sedan (up 67%)
 Ram brand sold 110k units up 9%
 March was the 60th consecutive month of y-o-y sales gains
Jeep Renegade
• Sales began in March
• First entry into the small SUV
segment
Ram ProMaster City
• Ram’s first ever compact
commercial van; derived from
Fiat Doblò
• Best-in-class payload, cargo
• Named Kelley Blue Book’s
volume, wheel well span, hp
KBB.com’s “10 Favorite New-forand torque
2015 cars” and named to Ward’s
“10 Best Interiors List for 2015”
• 2,000 lb. towing capacity and
segment-exclusive 9-speed
automatic transmission
Q1 2015 Results

Total market share was 12.5% with fleet mix at 23%, both flat
vs prior year

Dealer inventory at 73 days supply vs 72 days at end of 2014
o Canada

Vehicle sales up 2% to 62k vehicles
 Jeep brand sales up 10%
 March was the 64th consecutive month of y-o-y sales gains

Q1 ’15 market leader with 16.4% share (-20 bps y-o-y)
April 29, 2015
8
NAFTA
Financial highlights
Q1 ‘15 Q1 ‘14
Shipments (k units)
Net revenues (€M)
633
585
16,177 11,732
∆
o
8%
38%
Shipments up 8% y-o-y



U.S.:
546k (+11%)
Canada: 68k (-7%)
Mexico: 19k (flat)
€M
207
84
(125)
601
(20)
B/(W)
Q4 ‘14
Q1 2015 Results
Volume & Mix
(49)
Net price
(129)
Industrial costs
38
SG&A
55
o Volume and Mix improvement
reflects higher shipments
o Positive pricing actions partially
offset by FX transaction impact
of the Canadian Dollar and
Mexican Peso
380
Q1 '14
Net revenues +38% y-o-y
(+13% CER) on higher
shipments, positive net
pricing and FX translation
o Margin improved to 3.7% from
3.2% a year ago and excluding
recall costs was at 5.0% up +120
bps y-o-y
Adjusted EBIT Walk
75
o
Investments/
FX/Other
64
Q1 '15
(21)
o Industrial costs increased
primarily due to higher base
material costs for enhanced
content and recall campaign
costs, partially offset by
purchasing efficiencies
o Other reflects FX translation
effects
April 29, 2015
9
LATAM
Commercial highlights
Q1 ‘15
Q1 ‘14
Sales (k units)
153k
214k
Market Share
14.5%
16.7%
Brazil
19.7%
22.7%
Argentina
12.6%
13.2%
Novo Bravo
Commercial
CommercialPerformance
Performance
o Industry down 18% in the quarter as macroeconomic
weakness and political uncertainty impacted auto sales


Brazil industry down 16% impacted by end of IPI incentive
scheme
Argentina market down 27% reflecting import restrictions
o Sales down 28% reflecting continued poor trading
conditions and lower market share
o Market share at 14.5% down 220 bps
 Brazil market share down 300 bps y-o-y (-20 bps vs Q4 ’14) due
to tough comparison against Q1 ’14 and competitive pressure
from new models and pricing actions
Refreshed model launched in February
New exterior and interior design elements
Uconnect™ system in all versions


Group remained market leader with a 250 bps lead over the
nearest competitor

Palio retained its best selling position with 11.9% segment
share, 60 bps higher than previous year

Strada and Fiorino continued to be leader in their segment,
with 55% and 74% share, respectively
In Argentina share decline to 12.6% due to continued import
restrictions and tough comparison versus Q1 '14
 Combined A/B segment share at 16.6% compared to 16.1% last
year with Palio sales up 29%
o Stock was at 46 days of supply at quarter-end
Q1 2015 Results
April 29, 2015
10
LATAM
Financial highlights
∆
Q1 ‘15 Q1 ’14
o
Shipments (k units)
135
205
(34%)
Net revenues (€M)
1,551
1,965
(21%)
o
Shipments down 34%


Brazil: down 34% due to market
weakness
Net revenues: down 21%
(-24% CER)
Argentina: down 35% due to market
deterioration and import restrictions
Adjusted EBIT Walk
€M
o Volume impact of reduced
shipments more than offset by
positive pricing actions
154
44
o Industrial costs up due to higher
input cost inflation, Pernambuco
start-up costs
o SG&A increased due to Jeep
Renegade launch expenses
(98)
(109)
(50)
(6)
(65)
Q1 '14
Volume & Mix
Net price
Industrial costs
SG&A
Investments/
FX/Other
Q1 '15
B/(W)
Q4 ‘14
(138)
44
(49)
(36)
(6)
(185)
Q1 2015 Results
o Adjusted EBIT at break-even
excluding Pernambuco start-up
costs
April 29, 2015
11
APAC
Commercial highlights
Sales – incl. JVs (k units)
Q1 ‘15
Q1 ‘14
59
59
Commercial Performance
o Industry demand was up 3% in the region with China up
9%, South Korea up 6%, India up 5%, and Australia up
4% offsetting declines in Japan 15%
Market Share
China
0.8%
0.8%
Australia
4.0%
3.8%
India
0.3%
0.6%
Japan
0.3%
0.3%
 Jeep (50% of regional group sales) +8% y-o-y driven by
Cherokee and Compass
South Korea
0.5%
0.4%
 Fiat brand -11% y-o-y driven by Viaggio and Grande Punto
Chrysler 200 launched
in South Korea
Alfa Romeo 4C
launched in Australia
o Group sales were level with prior year
 China +7%, South Korea +31%, Australia +8%, Japan -17% and
India -55%
 Dodge brand +22% driven by Journey
o Regional market share was stable vs last year
 Australia +20 bps
 South Korea +10 bps
 China and Japan flat
• Launched in February
• Launched in January
• Class-exclusive nine-speed
automatic transmission
• Alfa D.N.A. system with Race
Mode
• Available best-in-class 295
horsepower with the 3.6L
Pentastar® V6 engine
• Rear-wheel drive
Q1 2015 Results
• Alfa TCT dry twin-clutch
transmission with Launch
Control
 India -30 bps
o Inventories at end of March in line with year-end
Note: APAC industry reflects aggregate for major markets where Group competes
(China, Australia, Japan, South Korea, and India.) India-reports wholesale volume
on industry and market share.
April 29, 2015
12
APAC
Financial highlights
∆
Q1 ‘15 Q1 ’14
o
Shipments (k units)
47
54
(13%)
Net revenues (€M)
1,512
1,497
+1%
Shipments down 13%



Jeep:
-9%
Fiat : -10%
Dodge: -12%
Adjusted EBIT Walk
135
(46)
15
65
8
(37)
B/(W)
Q4 ‘14
Q1 2015 Results
Net revenues up 1%
(-17% CER)
o Lower volume and mix due to
aggressive local OEM actions and
reduced shipments in advanced of
beginning localized production
€M
Q1 '14
o
Volume & Mix
(60)
Net price
22
o Higher industrial cost primarily
due to recall expenses
(10)
Industrial costs
(4)
o Net price down primarily from
negative FX impact on sales in
China, Australia, and Japan as well
as some increase in incentive
levels in China
SG&A
0
Investments/
FX / Other
(20)
Q1 '15
o SG&A improved due to lower
marketing expenses
(62)
o Positive impact from FX
translations
April 29, 2015
13
EMEA
Commercial highlights
Q1 ’15
Q1 ‘14
Commercial Performance
Passenger Cars
Sales (k units)
Cars
LCVs
252
228
66
59
Market Share (EU28+EFTA)
o EU28+EFTA (EU) industry up 8% y-o-y to 3.6M units
 Growth in all countries with Italy up 13%, Spain up 32%,
France up 7%, UK up 7% and Germany up 6%
o Sales up 11% to 252k units
Cars
6.2%
6.0%
 225k sales in EU
LCVs*
11.0%
11.4%
 EU share up 20 bps driven by good performance in Spain
(+50 bps), Germany and Italy (+20 bps each); France and
UK substantially flat
Fiat 500X introduced in Q1
 Continued leadership in the A and L0 segments
LCVs
o EU industry up 12% to 463k units
 Growth driven by Italy (+4%), Spain (+44%), UK (+22%),
Germany (+10%) with France flat y-o-y
o Sales up 13% to 66k units
Further expands the 500 family by offering to today’s
crossover customers a vehicle with Italian style,
modern design, versatility and off-road capability
Launched in Q1 in 14 countries across Europe
 Group share in EU down 40 bps as share gains in Italy
(+110 bps), Germany (+40 bps), France and Spain (+30
bps each) have been more than offset by share loss in UK
(-130 bps) where Q1 ’14 benefited from exceptional sales
 Ducato continued its segment leadership with 15% sales
growth over Q1 ’14
 Good acceptance for the New Doblò as order intake
increased by over 30% y-o-y
* Due to unavailability of market data for Italy since January 2012, the figures reported are an extrapolation and discrepancies with actual data could exist
Q1 2015 Results
April 29, 2015
14
EMEA
Financial highlights
Q1 ‘15 Q1 ’14
∆
o
Shipments (k units)
271
259
5%
Net revenues (€M)
4,684
4,341
8%
Overall shipments up 12k units

Passenger Cars at 212k up 4%

LCVs at 59k up 7%
o
Net revenues up 8% on
the back of volume
increase and favorable
mix driven by Fiat 500X
and Jeep Renegade
Adjusted EBIT Walk
€M
o Volume increase and
favorable mix due to Fiat 500X
and Jeep Renegade
52
o Improved net price due to
positive pricing actions
(24)
106
9
25
(46)
(72)
Q1 '14
B/(W)
Q4 ‘14
Q1 2015 Results
Volume & Mix
(9)
Net price
25
Industrial costs
(37)
SG&A
1
Investments/
FX / Other
Q1 '15
17
(3)
o Industrial costs reflect higher
costs for US imported vehicles
due to weaker Euro, partially
offset by purchasing savings
and manufacturing efficiencies
o SG&A increase driven by Fiat
and Jeep brand advertising to
support the launch of 500X
and Jeep brand growth
o Other includes better result of
JVs
April 29, 2015
15
Luxury brands
Ferrari
Q1 ‘15 Q1 ‘14
Shipments
∆
1,635
1,732
(6%)
Net revenues (€M)
621
620
-
Adjusted EBIT (€M)
100
80
25%
Commercial Performance
o Shipments down 6% with 12-cyl models down 37% and
Financial Performance
o Net Revenues were flat y-o-y reflecting favorable
currency exchange effects, offset by lower shipments
o Adjusted EBIT up €20M y-o-y reflecting lower R&D
costs, due to timing of model development, and
favorable currency exchange effects
SCUDERIA FERRARI BACK TO VICTORY
Sebastian Vettel finishes first
at Malaysian Grand Prix
Team achieves podium position in
each of the first 3 races of F1 season
8-cyl models up 10%
 US down 10%
 APAC volumes up 12%
 Volume down 12% in the 5 major European markets
Q1 '15 Shipments By Market
New Ferrari 488
Presented at Geneva Motor Show
Power (670 cv), engine and vehicle
response times (0.8 s and 0.06 s
respectively) give the
488 GTB a unique character
Q1 2015 Results
Europe
Top-5
30%
Japan
8%
China,
Hong Kong
& Taiwan
US
28%
8%
Others
26%
April 29, 2015
16
Luxury brands
Maserati
Q1 ‘15 Q1 ‘14
∆
Financial Performance
7,306
8,041
(9%)
o Net revenues down 19%, primarily due to weaker
Net revenues (€M)
523
649
(19%)
o Adjusted EBIT decreased by €23M primarily due to
Adjusted EBIT (€M)
36
59
(39%)
Shipments
demand in China
lower volume and unfavorable mix, partially offset by
cost efficiencies
Commercial Performance
o Shipments down 9% mainly due to lower shipments
of Quattroporte
 North America: +6%; #1 market for the brand
 Greater China: -33%
 Europe: -4%
Q1 ‘15 Shipments By Market
Europe
Top-5
18%
North
America
38%
Alfieri honored as
“Concept Car of the Year”
by Car Design News
at Geneva Motor Show in March
Q1 2015 Results
Japan
5%
Greater
China,
20%
Others
19%
April 29, 2015
17
Components
(€M)
(€M)
Net revenues
1,807
Q1 '15
Q1 '14
1,574
Net revenues
Adjusted EBIT
56
1
162
Q1 '14
43
Adjusted EBIT
180
Q1 '15
(4)
o Net revenues up 11%

o Net revenues up 15% (+11% CER)
 Performance was positive in Europe, partially offset by
contraction of the market in Brazil
Growth is primarily attributable to a 37% increase in
aluminum business volumes
o Adjusted EBIT improvement primarily reflects increased
cost efficiencies and favorable currency exchange effects
o Adjusted EBIT increased €13M y-o-y to €56M
 Growth primarily related to higher volumes and the benefit
of cost containment actions and efficiencies, partially
offset by start-up costs related to the plant in Pernambuco
 Margin was 3.1% vs 2.7% last year
o Order intake was at €558M with captive at €269M and
€289M for non-captive
(€M)
Net revenues
Q1 '14
Adjusted EBIT
468
Q1 '15
361
11
9
o Net revenues up 30% (+18% CER) primarily due to body
welding, powertrain and robotics businesses
o Adjusted EBIT increased driven by volumes
o Order intake totaled €463M, +57% y-o-y
o Order backlog totaled €1.6B, +22% y-o-y
Note: graphs not to scale
Q1 2015 Results
April 29, 2015
18
Product & other information
Capital Structure
Alfa Romeo
First FCA Annual General
Meeting of Shareholders
FCA Issues Senior Notes and
FCA US to Redeem Notes
In April Issued US $3B Senior Notes
• US $1.5B principal amount at 4.5%
due 2020 and US$1.5B principal
amount at 5.25% due 2023
• First step towards a unified financing
platform as announced in October
2014
• Extension of maturity profile
leveraging FCA’s European and US
investor base
Historic Day – April 16th
• AGM took place in Amsterdam
Engine Production in Termoli
(Netherlands) - the first outside Italy for
Fiat and the first outside US for Chrysler
• Plant to produce two new engines for
future Alfa Romeo models: an advanced,
high output 4-cylinder and a Ferrariderived 6-cylinder engine
• Over €500M will be invested in design,
development and engineering of the
engines and construction of new
production lines
• Installed production capacity of more
than 200,000 units
FCA US Issues Notice to Redeem Notes
• Following completion of the FCA
notes offering, FCA US LLC notified
holders of its $2.875B 8% senior
secured notes due 2019 that such
notes would be redeemed on May 14,
2015 pursuant to their terms
• Will result in $0.1B reduction in
interest expense after considering
new FCA notes above
Q1 2015 Results
• Works to be completed within 6 months
Agreement with Unions in Italy
• FCA and its unions agree on new
New Model to be Presented
on June 24th in Milan (Italy)
compensation arrangement for all its
employees in the automobile business in
Italy
• Incentives for all employees based on
achievement of productivity, quality and
profitability targets established in the
business plan
Mid-size sedan
• The maximum cost to FCA over the
four-year period will be just over €600M
April 29, 2015
19
Industry outlook (M units)
NAFTA
LATAM
FY '14
APAC
slight increase to 17.1M
vehicles
19.9
FY '14
FY '15E
o Estimate for US reflects
20.2
FY '15E
Passenger cars
LCVs
3.7
4.3
0.7
seen declining to
~4.4M vehicles
affected by worse
trade conditions in
key markets
4.4
5.2
o
29.5
28.2
FY '14
now expected to be flat at
1.9M vehicles
o LATAM industry o Brazil industry
0.9
FY '15E
o Canada industry estimate
expected to be
down due to GDP
contraction and to
full IPI increase in
Jan ’15
o Argentina industry
expected to
decline due to
continued
economic
uncertainties
Industry projected up 5% with improvement in China,
India, Australia, and South Korea partially offset by expected
declines in Japan
Note: APAC reflects aggregate for key markets where Group competes (China, India, Australia, Japan, South Korea)
Passenger cars
EMEA
EU28+EFTA
FY '15E
FY '14
13.6
13.0
o Outlook reflects an improvement for both passenger cars and
LCVs
1.8
1.7
15.4
14.7
LCVs
Passenger Cars
 All major markets in a
positive trend
LCVs
 Forecasts improved slightly
to 1.8M vehicles
Note: Graphs not to scale. Numbers may not add due to rounding
FY 2014 Results
January 28, 2015
20
2015 guidance - confirmed
World-wide shipments
4.8 - 5.0M units
Net revenues
~€108B
Adjusted EBIT
€4.1 - 4.5B
Net profit
€1.0 - 1.2B
Net industrial debt
€7.5 - 8.0B
EPS* €0.64 - €0.77
* EPS calculated including the mandatory convertible securities conversion at minimum number of shares at 222 million
Note: Figures do not include any impacts from the previously announced capital transactions regarding Ferrari
Q1 2015 Results
April 29, 2015
21
APPENDIX
Q1 2015 Results
April 29, 2015
22
Supplemental financial measures
FCA monitors its operations through the use of various
supplemental financial measures that may not be
comparable to other similarly titled measures of other
FCA’s supplemental financial measures are defined as
follows:

Adjusted Earnings Before Interest and Taxes
(“Adjusted EBIT”) is computed starting from EBIT
and then adjusting to exclude gains and losses on
the disposals of investments, restructuring costs,
impairments, asset write-offs and other unusual
items, which are considered rare or discrete events
that are infrequent in nature.

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
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.
Q1 2015 Results
April 29, 2015
23
Key performance metrics
€M
(unless otherwise stated)
Q1 ‘15
Q1 ‘14
World-wide shipments (units ‘000)
1,095
1,113
Net revenues
26,396
22,125
792
270
8
385
800
655
50
33
Financial charges, net
(606)
(493)
Pre-tax result
186
(223)
Taxes
(94)
50
Net profit
92
(173)
2,189
1,438
EBIT
Adjustments
Adjusted EBIT
Of which: Investment income, net
EBITDA
Q1 2015 Results
April 29, 2015
24
Mass-market brands
Market share by key market
Quarterly Market Share (%)
NAFTA
LATAM
Q2
Q3
Q4
Q1
2012
16.4
12.5
11.4
11.2
Q1
16.6
16.0
15.0
Q2
Q3
Q4
Q1
2013
12.5
Q2
Q3
Q4
Q1
22.7
22.9
22.7
12.1
12.2
13.2
Q1
Q2
Q3
Q4
44.3
43.5
42.3
Q3
Q4
Q1
Q2
2013
Q3
Q4
Q1
2014
45.4
2015
3.9%
4.0%
0.8%
0.8%
0.3%
0.3%
3.0%
LCV
LCV
Q2
12.6
APAC
EMEA
Passenger
Cars
Q1
2012
2015
2014
19.7
27.9
29.0
28.1
28.3
11.2
11.7
11.4
11.0
Passenger
Cars
6.3
Q1
Q2
Q3
2012
Q4
Q1
6.2
6.0
6.4
Q2
Q3
2013
Q4
Q1
Q2
Q3
2014
Q4
Q1
2015
1.9%
0.7%
0.6%
0.3%
0.3%
Q1
Q2 Q3
2012
Q4
0.3%
0.1%
Q1
Q2
0.6%
0.3%
Q3
2013
Q4
Q1
Q2
Q3
2014
Q4
Q1
2015
1.Reflects aggregate for key markets where Group is competing (China, Australia, India-reports wholesale
volume on industry, Japan, South Korea)
Q1 2015 Results
April 29, 2015
25
Group shipments outlook (excl. JVs)
(units in thousands)
(units in millions)
0.04
4.6
0.2
Ferrari
and
Maserati
4.8 – 5.0
0.04
APAC
~0.2
>xx
~0.8
0.8
LATAM
~xx
-2%
10
1,113
54
Ferrari and
Maserati
-9%
APAC -13%
1,095
47
135
9
205
LATAM -34%
585
NAFTA +8%
633
259
EMEA +5%
271
1.0
Q1 ‘15
FY ‘14
Q1 ‘14
2.5
NAFTA
~XX
~2.7
EMEA
~1.1
~1.1
FY ‘15E
Note: Numbers may not add due to rounding; Graphs not to scale
Q1 2015 Results
April 29, 2015
26
Debt maturity schedule
€B
Outstanding
Mar. 31 ‘15
FCA Group
9M 2015
2016
2017
2018
2019
Beyond
13.6
Bank Debt
3.4
2.1
4.3
2.3
0.4
1.0
17.1
Capital Market
0.9
2.7
2.3
1.9
4.2
5.2
2.1
Other Debt
0.7
0.2
0.3
0.1
0.2
0.6
4.9
5.0
6.9
4.3
4.8
6.9
32.8
Total Cash Maturities
21.9
Cash & Mktable Securities
3.3
25.2
Undrawn committed credit lines
Total Available Liquidity
5.0
Sale of Receivables (IFRS de-recognition compliant)
2.6
of which receivables sold to financial services JVs (FCA Bank)
Note: Numbers may not add due to rounding; total cash maturities excluding accruals
Q1 2015 Results
April 29, 2015
27
Contacts
Group Investor Relations Team
Joe Veltri
 +1-248-576-9257
Francesca Ferragina
 +39-011-006-2308
Tim Krause
 +1-248-512-2923
Alois Monger
 +1-248-512-1549
Paolo Mosole
 +39-011-006-1064
Vice President
fax: +39-011-006-3796
Q1 2015 Results
email:
investor.relations@fcagroup.com
websites:
www.fcagroup.com
www.fcausllc.com
April 29, 2015
28