Stellantis Reiterates 2024 Financial Guidance 

Today at the first Stellantis Investor Day at 8:00 a.m. EDT / 2:00 p.m. CEST in Auburn Hills, Michigan, U.S., CEO Carlos Tavares will outline the Company’s nine key strategic differentiators that the Company is leveraging to unlock value and address the disruption and reinvention of the auto industry worldwide.

Chief Financial Officer Natalie Knight and other members of the Top Executive Team will share updates on the Company’s regions, functions and brands.

Stellantis management confirms its 2024 financial guidance and capital return plan:

  • Double-digit Adjusted Operating Income (AOI) margin and positive industrial free cash flows.
  • Capital Return: Delivering ≥€7.7 billion in dividends and buybacks in 2024.

CFO Natalie Knight will reiterate more specific color on first and second-half expectations within the 2024 period:

  • H1 outlook of 10-11% AOI margin, with industrial free cash flows visibly below the prior year period.
  • Significant product launches, cost initiatives and anticipated improvement in working capital together support H2 sequential improvement opportunity in AOI and industrial free cash flow.

Stellantis is also updating its capital plan in several significant ways:

  • Setting target liquidity levels of 25-30% of revenues for the medium-term, shifting focus to capital efficiency and supporting strong shareholder returns.
  • The Company will continue to use share buybacks and ordinary dividends to return excess cash to shareholders.
  • In 2025, Stellantis will target the upper range of its 25-30% dividend payout policy vs. 25% in recent years.

A webcast of the live event is available at:
https://stellantis-ir-day-june-13-2024.open-exchange.net/registration

Details for watching the Stellantis Investor Day are also available under the Investors section of the Company’s website (www.stellantis.com). The presentation material will be available at the beginning of the event.