Stellantis N.V.

- In H1 2025, Stellantis issued bonds worth EUR 3.6 billion, bolstering cash and liquid securities to EUR 31 billion. - Industrial liquidity at EUR 47 billion includes EUR 16 billion in undrawn committed credit facilities. - The net outflow from financial services (Finco) investment in the US in 2025 is expected to be less than EUR 0.5 billion. - There is no explicit mention of new planned fundraising through debt or equity within the provided transcript. - The company continues to invest in business and product plans, focusing on achieving positive cash flow and stabilizing working capital. - Current liquidity and credit facilities provide a strong financial position, suggesting no immediate need for new fundraising announcements.

- Stellantis is continuing to invest in the business and product plan, aiming for positive cash flow turnaround. - Technical teams are engaged in several programs/projects focused on total production cost reduction, including technical changes in current and upcoming products to maintain value proposition while decreasing costs. - The company is launching new products with improved trim lineups for model year ’26 in North America, expected to be margin accretive. - Investments are being made to ramp up production of new Smart Car platform models in Europe, with plants in Slovakia and Serbia. - Growth of the financial services (Finco) business, especially in the U.S., is underway, requiring some capital but with strong potential. - Stellantis is working on updating its long-term strategic plan, to be presented at the Capital Markets Day in early 2026, likely reflecting future strategic investments.

- Commitment to gradual, sequential improvement quarter-by-quarter in all key business KPIs, including volumes and shipments (Page 11). - Second half 2025 expected to see stepped-up production, volume growth, and better pricing, especially in the U.S., supported by diminishing pre-tariff vehicle inventory and stronger industry dynamics (Page 11). - New product launches like the Jeep Cherokee, Dodge Charger ICE, and Hemi V8 expected to drive volume and revenue growth in the U.S. from H2 2025 onward (Pages 4-5). - Expansion with 10 new products and several refreshes in 2025, including 3 STLA Medium products in Europe, aiming to boost market coverage and accelerate sales (Page 4). - Fleet sales strategy revamped for higher-margin segments (commercial, governmental) to recover and grow fleet volumes (Page 11). - Inventory discipline and healthier order books underpin growth potential (Pages 4, 10). - Expectation of revenue increase and AOI margin improvement in H2 2025, with industrial free cash flow improving vs. H1 (Page 3).

- Stellantis expects gradual and sequential improvement in the second half of 2025, driven by new product launches and improved execution (Page 5, 10, 11). - AOI margin is expected to be in the low single digits in H2 2025, improving from the breakeven position in H1 (Page 3, 10, 11). - Adjusted diluted earnings per share (EPS) generally track AOI development; EPS showed improvement in H1 compared to H2 2024 but remains below prior peak levels (Page 2). - Growth levers include volume increases, better pricing particularly in North America, and product mix improvement (Page 11). - Tariff costs remain a headwind with EUR ~1.5 billion expected in 2025, mostly paid in H2, pressuring profits but offset by richer product mix and pricing (Page 3, 10, 11). - Free cash flow is expected to improve in H2 2025 compared to H1 but remains challenged by tariff and working capital impacts (Page 3, 10, 11). - Long-term strategic plan update is expected in early 2026, signaling focus on sustained profitability and growth (Page 5).

- Combined order books for North America and Europe increased by 14% year-over-year. - Order books grew 34% in the last 6 months alone, indicating strong momentum with dealers and customers. - Dealer order inflow, mainly retail-driven, grew more than 90% year-over-year, signifying restored confidence. - New leadership actions in fleet sales, diversifying into rent-a-car, commercial, and governmental channels, have already led to initial growth and partial recovery in fleet orders. - Order banks for all-new Smart Car products in Europe are very large, supporting ramp-up plans. - Overall, order books and pending orders signal healthier demand and improving market conditions going into H2 2025 and beyond.