P137 AERTEL 1 137 Wed 23 Feb 08:41:51  1/4   STELLANTIS BEATS PROFITS TARGETS 23 Feb 2022 08:18 Stellantis said the margin on its adjusted operating profit climbed to 11.8% in its debut year, above its target of around 10%, thanks to strong execution on synergies. These synergies generated around E3.2 billion in net cash benefits. "Record results prove that Stellantis is well positioned to deliver strong performance, even in the most uncertain market environments," chief executive Carlos Tavares said. AERTEL ONLINE - RTE.IE/AERTEL Next ISEQ Dublin Stocks Business

P137 AERTEL 1 137 Wed 23 Feb 08:42:11  2/4   STELLANTIS BEATS PROFITS TARGETS 23 Feb 2022 08:18 Tavares will next week present the group's detailed business plan, just over a year after Stellantis was created through the merger of Fiat Chrysler and Peugeot maker PSA. Stellantis guided for a double-digit margin again this year. The pro-forma figure for 2020 was 6.9%. Margins in North America region climbed to a record 16.3% last year. AERTEL ONLINE - RTE.IE/AERTEL Next ISEQ Dublin Stocks Business

P137 AERTEL 1 137 Wed 23 Feb 08:41:09  3/4   STELLANTIS BEATS PROFITS TARGETS 23 Feb 2022 08:18 Its chief financial officer Richard Palmer told reporters that cash synergies booked last year put the group ahead of schedule to reach 80% of its E5 billion cost saving target by 2024. He said raw material inflation would remain a problem for the whole industry this year, while the semiconductors shortage, which cost the group around 20% of its planned production in 2021, had peaked in the third quarter of last year. AERTEL ONLINE - RTE.IE/AERTEL Next ISEQ Dublin Stocks Business

P137 AERTEL 1 137 Wed 23 Feb 08:41:30  4/4   STELLANTIS BEATS PROFITS TARGETS 23 Feb 2022 08:18 He added Stellantis did not have any significant direct exposure to Russia, which is being hit be international economic sanctions over Ukraine. "We have flexibility in production," Palmer said. "We are confident we can manage the Russia crisis". The group, which generated an industrial free cash flow of over E6 billion last year, proposed to pay out E3.3 billion in ordinary dividends, equal to E1.05 per share. AERTEL ONLINE - RTE.IE/AERTEL Next ISEQ Dublin Stocks Business