APPENDIX

DEFINITIONS AND NOTES TO PRESENTATION

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For purposes of this presentation, and unless otherwise stated:

• LEV: Low emission vehicles, which include battery electric (BEV), plug-in hybrid (PHEV), range-extender electric vehicle (REEV),
and fuel cell electric (FCEV) vehicles

• EU30: EU 27 (excluding Malta), Iceland, Norway, Switzerland and UK

• Rankings, market share and other industry information are for passenger cars (PC) plus light commercial vehicles (LCV)
and for the full year unless otherwise stated. Information is derived from third-party industry sources (e.g. Agence Nationale
des Titres Sécurisés (ANTS), Associação Nacional dos Fabricantes de Veículos Automotores (ANFAVEA), Ministry of Infrastructure
and Sustainable Mobility (MIMS), S&P Global, Ward’s Automotive) and internal information unless otherwise stated

• All Stellantis reported BEV and LEV sales include Citroën Ami and Opel Rocks-e; in countries where these vehicles are classified
as quadricycles, they are excluded from Stellantis reported combined sales, industry sales and market share figures

• U.S. PHEV and LEV rankings are per S&P Global vehicle registrations; PC + light-duty trucks

• Shipments contained in this presentation refer Combined Shipments which include shipments by Company’s consolidated
subsidiaries and unconsolidated JVs

• Commercial Vehicles revenues are an aggregation of revenues reported in Net Revenues of the respective segments
DEFINITIONS AND NOTES TO PRESENTATION
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• 3rd Engine: Refers to the aggregation of the South America, Middle East & Africa and China and India & Asia Pacific
segments for presentation purposes only

• NEV: New energy vehicle; includes BEVs, PHEVs and fuel cell vehicles.

• CARB: California Air Resources Board

• BCC: Best Cost Countries

• SPW: Stellantis Production Way refers to the unique and optimized production system for all Stellantis Group plants

• OPE: Overall Production Efficiency refers to the ratio of actual number of quality units produced compared to maximum
achievable units possible

• CAGR: Compound Annual Growth Rate

• TSR: Total Shareholder Return

NON-GAAP FINANCIAL MEASURES
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Stellantis monitors our operations through the use of several non-generally accepted accounting principles (“non-GAAP”) financial measures: Adjusted
operating income, Industrial free cash flows and Industrial net financial position. We believe that these non-GAAP financial measures provide useful and
relevant information regarding our operating results and enhance the overall ability to assess our financial performance and financial position. They provide us
with comparable measures which facilitate management’s ability to identify operational trends, as well as make decisions regarding future spending, resource
allocations and other operational decisions. These and similar measures are widely used in the industry in which we operate, however, these financial
measures may not be comparable to other similarly titled measures of other companies and are not intended to be substitutes for measures of financial
performance as prepared in accordance with IFRS as issued by the IASB, as well as IFRS as adopted by the European Union.

Adjusted operating income/(loss) excludes from Net profit/(loss) from continuing operations adjustments comprising restructuring and other
termination costs, impairments, asset write-offs, disposals of investments and unusual operating income/(expense) that are considered rare or discrete
events and are infrequent in nature, as inclusion of such items is not considered to be indicative of the Company's ongoing operating performance, and
also excludes Net financial expenses/(income) and Tax expense/(benefit).

Effective from January 1, 2023, our Adjusted operating income/(loss) includes Share of the profit/(loss) of equity method investees. The comparatives for the
years ended December 31, 2022, 2021 and, only for the purpose of this presentation, 2020 have been adjusted accordingly. This change was implemented as
management believes these results are becoming increasingly relevant due to the number of partnerships Stellantis has recently engaged in, and will continue
to engage in in the future, around electrification and other areas critical to the future of mobility.
NON-GAAP FINANCIAL MEASURES
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Unusual operating income/(expense) are impacts from strategic decisions as well as events considered rare or discrete and infrequent in nature, as
inclusion of such items is not considered to be indicative of the Company's ongoing operating performance. Unusual operating income/(expense) includes,
but may not be limited to:
• Impacts from strategic decisions to rationalize Stellantis’ core operations;
• Facility-related costs stemming from Stellantis’ plans to match production capacity and cost structure to market
demand; and
• Convergence and integration costs directly related to significant acquisitions or mergers.

For the year ended December 31, 2021, Pro Forma Adjusted operating income includes the Adjusted operating income of FCA for the period January 1 -
January 16, 2021. For the year ended December 31, 2020, Pro Forma Adjusted operating income includes the Adjusted operating income result of FCA for
the period January 1 - December 30, 2020.

Industrial free cash flows is our key cash flow metric and is calculated as Cash flows from operating activities less:
(i) cash flows from operating activities from discontinued operations; (ii) cash flows from operating activities related to financial services, net of
eliminations; (iii)investments in property, plant and equipment and intangible assets for industrial activities and (iv) contributions of equity to joint
ventures and minor acquisitions of consolidated subsidiaries and equity method and other investments; and adjusted for: (i) net intercompany
payments between continuing operations and discontinued operations; (ii) proceeds from disposal of assets and (iii) contributions to defined benefit
pension plans, net of tax. The timing of Industrial free cash flows may be affected by the timing of monetization of receivables, factoring and the
payment of accounts payables, as well as changes in other components of working capital, which can vary from period to period due to, among other
things, cash management initiatives and other factors, some of which may be outside of the Company’s control.
2020 NON-GAAP RECONCILIATIONS
NET REVENUES, NET PROFIT TO AOI, AOI TO AOI INCL. JV’S
2021 NON-GAAP RECONCILIATIONS
NET REVENUES, NET PROFIT TO AOI, AOI TO AOI
2022 NON-GAAP RECONCILIATIONS
NET REVENUES, NET PROFIT TO AOI, AOI TO AOI INCL. JV’S
2023 NON-GAAP RECONCILIATIONS
NET REVENUES, NET PROFIT TO AOI, AOI TO AOI INCL. JV’S
NON-GAAP RECONCILIATIONS
AVAILABLE LIQUIDITY

(€ million) 2023 2022 2021

Cash, cash equivalents and financial securities(1) € 49,758 € 49,960 € 51,128
Undrawn committed credit lines 12,621 12,680 12,810
Cash, cash equivalents and financial securities - included with Assets held for sale 231 65 —
Total Available liquidity(2) € 62,610 € 62,705 € 63,938
of which: Available liquidity of the Industrial Activities € 61,056 € 61,316 € 62,706