FCA 2017 results. FCA reports record results with Adjusted EBIT up 16% to €7.1 billion and margin at 6.4%, up 90 bps, Adjusted Net Profit up 50% to €3.8 billion, Net Profit up 93% to €3.5 billion. Net Industrial Debt nearly halved to €2.4 billion. 2018 Guidance confirms Business Plan key targets.

  • Worldwide combined shipments(1) of 4,740 thousand units, in line with prior year
  • Net revenues of €111 billion, in line with 2016 (up 1% at constant exchange rates, or CER)
  • Adjusted EBIT of €7.1 billion, up 16% (up 19% at CER); continued profitability in all segments with year-over-year improvement
  • Group margin of 6.4%, up 90 bps; improved margin in all segments
  • Adjusted net profit of €3.8 billion, up 50%; Net profit of €3.5 billion, up 93% including net charges of €0.1 billion for U.S. tax reform
  • Net industrial debt of €2.4 billion, improved by €2.2 billion

FCA 2017 results

ADJUSTED EBIT

  • Improved product mix contributed to record results
  • NAFTA Adjusted EBIT margin up 50 bps to 7.9%, Maserati up 410 bps to 13.8%, Components up 70 bps to 5.3%
  • LATAM improved €146 million and EMEA up 36% to €735 million
  • Adjusted EBIT excludes net pre-tax gains of €576 million(2)

ADJUSTED NET PROFIT

  • Adjusted net profit up 50%, reflecting continued strong operating performance
  • Net financial expenses of €1.5 billion, down €0.5 billion primarily as a result of year-over-year debt reduction
  • Includes Tax expense of €1.8 billion, up €0.3 billion
  • Adjusted net profit excludes net expenses of €260 million(2)

NET INDUSTRIAL DEBT

  • Improved by €2.2 billion from year end 2016
  • Cash flows from industrial operating activities at €1.6 billion, net of capital expenditures of €8.7 billion
  • Available liquidity remained strong at €20.4 billion

2018 GUIDANCE(3)

Net revenues ~ €125 billion
Adjusted EBIT €8.7 billion
Adjusted net profit ~ €5.0 billion
Net industrial cash ~ €4.0 billion

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(1) Combined shipments include all shipments by the Group’s unconsolidated joint ventures, whereas consolidated shipments only include shipments from the Group’s consolidated subsidiaries;
(2) Refer to page 6 for the reconciliation of Net profit to Adjusted EBIT and page 7 for the reconciliations of Net profit to Adjusted net profit, Diluted EPS to Adjusted diluted EPS and Debt to Net industrial debt;
(3) Guidance is not provided on the most directly comparable IFRS financial statement line item for Adjusted EBIT and Adjusted net profit as the income or expense excluded from
these non-GAAP financial measures in accordance with our policy are, by definition, not predictable and uncertain.

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