Q Results July 27, 2016

Q2 2016 Results July 27, 2016 Q2 2016 Results July 27, 2016

Safe Harbor Statement This document, and in particular the section entitled 2016 guidance revised upwards, contains forward-looking statements. These statements may include terms such as may, will, expect, could, should, estimate, anticipate, believe, remain, on track, design, target, objective, goal, forecast, projection, outlook, prospects, plan, intend, or similar terms. Forwardlooking statements are not guarantees of future performance. Rather, they are based on the Group s current expectations and projections about future events and, by their nature, are subject to inherent risks and uncertainties. They relate to events and depend on circumstances that may or may not occur or exist in the future and, as such, undue reliance should not be placed on them. Actual results may differ materially from those expressed in such statements as a result of a variety of factors, including: the Group s ability to reach certain minimum vehicle volumes; developments in global financial markets and general economic and other conditions; changes in demand for automotive products, which is highly cyclical; the Group s ability to enrich the product portfolio and offer innovative products; the high level of competition in the automotive industry; the Group s ability to expand certain of the Group s brands internationally; changes in the Group s credit ratings; the Group s ability to realize anticipated benefits from any acquisitions, joint venture arrangements and other strategic alliances; potential shortfalls in the Group s defined benefit pension plans; the Group s ability to provide or arrange for adequate access to financing for the Group s dealers and retail customers; the Group s ability to access funding to execute the Group s business plan and improve the Group s business, financial condition and results of operations; various types of claims, lawsuits and other contingent obligations against the Group; disruptions arising from political, social and economic instability; material operating expenditures in relation to compliance with environmental, health and safety regulation; developments in labor and industrial relations and developments in applicable labor laws; increases in costs, disruptions of supply or shortages of raw materials; exchange rate fluctuations, interest rate changes, credit risk and other market risks; political and civil unrest; earthquakes or other disasters and other risks and uncertainties. Any forward-looking statements contained in this document speak only as of the date of this document and the Company does not undertake any obligation to update or revise publicly forward-looking statements. Further information concerning the Group and its businesses, including factors that could materially affect the Company s financial results, is included in the Company s reports and filings with the U.S. Securities and Exchange Commission, the AFM and CONSOB. Q2 2016 Results July 27, 2016 2

Group overview Mass-market brands by region Components Industry outlook & guidance Luxury brand - Maserati Appendix Q2 2016 Results July 27, 2016 3

Q2 16 highlights Strongest Q2 performance ever with record Adjusted EBIT margin at 5.8% Adjusted EBIT margin improved in all regions and Components Strong cash flow in the quarter with 1.1B reduction in Net industrial debt Google and FCA enter into first-of-its-kind collaboration FCA will initially design and engineer ~100 Chrysler Pacifica hybrids uniquely built for Google s self-driving technology Both companies to co-locate engineering teams to accelerate design, testing and manufacturing NAFTA capacity realignment plan proceeding on schedule Increased capacity for Jeep and Ram brands starting from Q2 17 Commercial launches of all-new Alfa Romeo Giulia and Maserati Levante in Europe Another key milestone in luxury and premium brand strategies U.S. launches planned for H2 Moody s corporate credit rating upgrade Stable outlook Rating raised to Ba3 from B1 Rating raised to B1 from B2 on bonds issued or guaranteed by FCA 2016 FY guidance revised upwards due to strong H1 operating performance Net revenues raised to > 112B from > 110B Adjusted EBIT raised to > 5.5B from > 5.0B Adjusted net profit raised to > 2.0B from > 1.9B Net industrial debt < 5.0B confirmed Q2 2016 Results July 27, 2016 4

New products All-new hatchback version along with previously launched Tipo sedan and station wagon models marks comeback of Fiat brand to the C-segment (second largest segment in EU) Targets budget conscious consumers with a product providing skills-no-frills concept Hatchback launched in Q2 16 in Europe 4x4 and 4x2 with 1 metric ton payload and 3,100 kg towing capacity to fully address customer needs in mid-size pickup segment Offered in Europe with gasoline or diesel engine, both available with manual or automatic transmission Available from Q2 16 in main European markets The flagship Maserati model has a restyled exterior, interior refinements and additional high-tech features Model line has been expanded with the introduction of the new GranLusso and GranSport trim levels Available from Q2 16 in main European markets Q2 2016 Results July 27, 2016 5

Q2 16 summary * Shipments (000s units) Q2 2016 2015 1,175 1,191 YTD 2,261 2,284 Adjusted net profit ( M) Q2 2016 2015 372 709 YTD 1,237 403 Shipments down 1% driven by APAC due to transition to localized Jeep production in China Combined shipments (including JVs) up 1% to 1,233k units with increase in EMEA, partially offset by LATAM reduction Net financial charges down due to debt reduction and refinancing at lower rates, with taxes included in Adjusted net profit flat Net profit was 321M vs 257M in Q2 15 Net revenues ( M) Net industrial debt ( B) Q2 YTD 2016 27,893 54,463 Jun 30 16 5.5 2015 28,540 54,383 Mar 31 16 6.6 Net revenues down 2% Up 1% at constant exchange rates (CER) Adjusted EBIT ( M) Net industrial debt reduced by 1.1B from Mar 31 16 due to strong cash generation from operations Available liquidity ( B) Q2 2016 2015 1,401 1,628 YTD 3,007 2,101 Jun 30 16 18.6 Mar 31 16 18.4 Cash & Marketable Securities 6.2 24.7 5.9 24.3 Undrawn committed credit lines Adjusted EBIT up 16%, with margin at 5.8% vs 4.9% in Q2 15 EBIT was 1,060M vs 1,226M in Q2 15, primarily due to charges for Takata airbag inflator recalls excluded from Adjusted EBIT Available liquidity stable at 24.7B with cash generation from operations offsetting debt reduction (including 1B bond repaid at maturity) Refer to Appendix for definitions of supplemental financial measures and reconciliations to applicable IFRS metrics. Figures may not add due to rounding. * Information for 2015 has been re-presented to exclude Ferrari, consistent with Ferrari s classification as a discontinued operation for the year ended December 31, 2015. Refer to the Appendix for a reconciliation of these results to amounts previously reported. Q2 2016 Results July 27, 2016 6

Q2 16 Adjusted EBIT walk by segment * M % = Adjusted EBIT margin 1,401 47 79 (5) 86 (7) 15 12 1,628 5.8% 4.9% Q2 '15 NAFTA LATAM APAC EMEA Maserati Components Other & Eliminations Q2 '16 B/(W) than Q1 16 147 (11) 30 47 20 25 (9) 249 * Information for 2015 has been re-presented to exclude Ferrari, consistent with Ferrari s classification as a discontinued operation for the year ended December 31, 2015. Refer to the Appendix for a reconciliation of these results to amounts previously reported. Q2 2016 Results July 27, 2016 7

Q2 16 Adjusted EBIT walk by operational driver * M % = Adjusted EBIT margin 1,401 359 15 (99) (76) 28 1,628 5.8% 4.9% Q2 '15 Volume & Mix Net price Industrial costs SG&A Other Q2 '16 B/(W) than Q1 16 284 177 12 (163) (61) 249 * Information for 2015 has been re-presented to exclude Ferrari, consistent with Ferrari s classification as a discontinued operation for the year ended December 31, 2015. Refer to the Appendix for a reconciliation of these results to amounts previously reported. Q2 2016 Results July 27, 2016 8

Q2 16 Net industrial debt walk M Q2 16 Change in Net industrial debt 1,119 Q2 16 Cash flows from operating activities, net of Capex 1,810 (6,593) 3,121 131 1,180 (5,474) (570) (2,052) (691) Mar 31 '16 Adjusted industrial EBITDA Financial charges and taxes * Change in funds & other Working capital Capex Scope, FX & dividend Jun 30 '16 YTD 16 5,877 (1,204) 105 (136) (3,872) (1,195) YTD 16 Change in Net industrial debt -425 YTD 16 Cash flows from operating activities, net of Capex 770 * Net of IAS 19 Q2 2016 Results July 27, 2016 9

NAFTA Q2 16 Q2 15 Sales (k units) 698 686 2% Market share 12.5% 12.4% 10 bps U.S. dealer inventory (days of supply) 75 74 1 d/s Shipments (k units) 666 677 (2%) Net revenues ( M) 17,479 17,186 2% Sales data represents sales to retail and fleet customers and limited deliveries to Group-related persons. Sales by dealers to customers are reported through a new vehicle delivery system. Reporting methodology consistent with FCA US press release issued July 26, 2016. U.S. dealer inventory days of supply calculated using total sales including fleet. Adjusted EBIT walk ( M) %= Adjusted EBIT margin 1,327 (32) 1,374 (137) (19) (16) 7.7% Q2 '15 B/(W) Q1 16 251 Volume & Mix Net price Industrial costs 7.9% SG&A Other Q2 '16 56 161 66 (67) (69) 147 o Industry sales down 1% in U.S. and up 3% in Canada, with Group sales up 2% in the region U.S. sales up 2% to 589k vehicles with share up 30 bps to 12.7%; Jeep and Ram sales up 12% and 10%, respectively U.S. dealer days of supply decreased to 75 vs 83 days at end of Q1 16 U.S. fleet mix at 24% vs 21% in Q2 15 with improved channel and model mix In Canada, maintained market leadership with sales of 90k units, up 4%; market share at 15.2% Mexico sales down 3% to 19k units o Shipments in U.S. down 7k units (-1%) with Canada flat and Mexico down 4k units (-17%) o Net revenues up 2% (+4% at CER), due to improved mix and net pricing, partially offset by unfavorable FX o Mix favorability primarily driven by improved truck and SUV model mix o Positive net pricing actions more than offset by negative FX transaction impact from CAD and MXN o Purchasing efficiencies more than offset by higher product costs for content enhancements and higher manufacturing and D&A costs o Adjusted EBIT excludes total charges of 519M related to Takata airbag inflator recalls and incremental costs for NAFTA capacity realignment plan Q2 2016 Results July 27, 2016 10

LATAM Q2 16 Q2 15 Sales (k units) 112 143 (22%) Market share 12.5% 14.0% (150) bps Inventories (days of supply) 41 39 2 d/s Shipments (k units) 112 138 (19%) Net revenues ( M) 1,469 1,851 (21%) o Industry down 12% due to continued macroeconomic weakness Brazil industry down 22% y-o-y, Argentina up 12% o Continued as market leader in Brazil with share at 17.8% Jeep Renegade and all-new Fiat Toro continued strong performance in Brazil with segment share of 23.8% and 76.0%, respectively Shipments in Brazil down 29k units (-25%), Argentina up 1k units (+8%) o Net revenues down 9% at CER due to lower volumes, partially offset by better product mix Adjusted EBIT walk ( M) %= Adjusted EBIT margin 49 6 12 0 o Mix improvement driven primarily by newly launched Fiat Toro, more than offset by lower volumes due to poor market conditions in Brazil (4.3)% (4.3)% (79) Q2 '15 3 Volume & Mix 9 Net price Industrial costs SG&A Other Q2 '16 o Lower industrial costs mainly due to non-repeat of launch costs in prior period, partially offset by input cost inflation o SG&A improvement driven primarily by continued cost reduction initiatives to rightsize to market volume o Other primarily reflects FX translation impact mainly due to Brazilian Real B/(W) Q1 16 (9) 28 (15) (13) (2) (11) Q2 2016 Results July 27, 2016 11

APAC Sales (k units) Of which China JV sales Q2 16 Q2 15 Market share 0.8% 0.8% - APAC market share reflects aggregate for major markets where Group competes (China, Australia, Japan, South Korea and India). Market share is based on retail registrations except in India where market share is based on wholesale volumes. 55 30 55 10-200% Inventories (days of supply) 114 158 (44) d/s Shipments (k units) 23 46 (50%) Net revenues ( M) 957 1,523 (37%) o Industry demand increased 7% with China +9%, South Korea +14%, India +7%, Australia +4%, Japan -2% o Group sales flat China +17% and Japan +21%, both outperforming their respective industries Australia -54% due to price increases to offset AUD weakness, South Korea -15% and India -35% Jeep brand (73% of regional Group sales) +32% y-o-y driven by strong sales of locally produced Jeep Cherokee in China o Shipments -50% due to transition to localized Jeep production o Net revenues -34% at CER primarily as a result of lower shipments, partially offset by favorable vehicle mix Adjusted EBIT walk ( M) %= Adjusted EBIT margin xx% 47 3.1% 25 4.4% 3.1% 4.4% 21 Q2 '15 (71) Volume & Mix 2 Net price Industrial costs 18 42 2.2% SG&A Other Q2 '16 o Volume & mix decrease driven by reduced shipments due to transition to Jeep localized production in China and lower volumes in Australia due to pricing actions to offset negative FX impacts o Industrial costs improved due to localization of Jeep production o SG&A improved primarily due to lower direct marketing expenses, now incurred by China JV o Other primarily reflects improved results from China JV B/(W) Q1 16 26 (9) 7 (7) 13 30 Q2 2016 Results July 27, 2016 12

EMEA Q2 16 Q2 15 Sales (k units) 407 359 13% EU Market share - passenger cars 6.8% 6.4% 40 bps EU Market share - LCVs 12.9% 13.0% (10) bps Inventories (days of supply) 57 57 - Shipments (k units) 367 322 14% Net revenues ( M) 5,770 5,470 5% Passenger Cars o EU28+EFTA (EU) industry up 10% to 4.2M units with growth in all major markets: Spain and Italy +17%, France +8%, Germany +9% and UK +1% o EU sales up 17% to 285k units. EU market share up 40 bps driven by increases in Italy and Spain (+60 bps each), UK (+20 bps), France and Germany (+10 bps each) o Shipments of 292k (+13%) LCVs o EU industry up 14% to 573k units with growth in all major markets: Italy +26%, France +15%, Spain +18%, Germany +12% and UK +5% o EU sales up 13% to 74k units with market share down 10 bps o Shipments of 75k (+16%) Adjusted EBIT walk ( M) %= Adjusted EBIT margin 57 1.0% Q2 '15 142 Volume & Mix 7 9 Net price Industrial costs 4 143 (76) 2.5% SG&A Other Q2 '16 o Volume increase and favorable mix driven by Fiat 500 and Tipo vehicle families, and LCVs o Positive net price driven by pricing actions and positive FX impact offsetting increased incentives in EU o Industrial costs improvement due to manufacturing and purchasing efficiencies, partially offset by higher R&D and D&A costs o Higher SG&A primarily due to increased advertising to support new product launches B/(W) Q1 16 127 12 (33) (67) 8 47 Q2 2016 Results July 27, 2016 13

Luxury brand Maserati Q2 16 Q2 15 Q2 16 Shipments By Market Shipments 6,912 8,281 (17%) Net revenues ( M) 579 610 (5%) Adjusted EBIT ( M) 36 43 (16%) North America 35% Europe Top-5 18% Japan 3% Greater China 28% Commercial Performance o Shipments down due to lower volumes in North America (-26%) and Europe (-17%), partially offset by increase in China (+20%) Financial Performance o Net revenues decrease mainly due to lower volumes, partially offset by favorable vehicle and market mix and positive FX impacts o Adjusted EBIT down due to lower volumes, higher industrial and SG&A costs for all-new Levante and restyled Quattroporte launch activities, partially offset by favorable mix and FX o Q2 16 Adjusted EBIT margin at 6.2%, double Q1 16 margin of 3.1% Others 16% All-new Levante Creates a whole new class of SUV European commercial launch in Q2 Q2 2016 Results July 27, 2016 14

Components ( M) Net revenues Adjusted EBIT Margin Q2 '16 2,430 Q2 '16 111 4.6% Q2 '15 2,549 Q2 '15 96 3.8% o Net revenues reflects higher volumes at Magneti Marelli, more than offset by volume reduction at Comau and unfavorable FX impacts o Adjusted EBIT increase reflects higher volumes and favorable mix, partially offset by increased industrial costs. Adjusted EBIT margin improvement attributable to Magneti Marelli. o Magneti Marelli order intake was 603M in line with Q2 15, with non-captive orders at 57% o Comau order backlog was 1.2B, up 186M from March 31, 2016 Q2 2016 Results July 27, 2016 15

Industry outlook M units NAFTA (passenger cars, UVs, pickup trucks & LCVs) LATAM (passenger cars & LCVs) FY '16E 21.0 21.5 FY '16E 3.6-4.1 FY '15 21.1 FY '15 4.1 Forecast unchanged U.S. industry remains strong Forecast unchanged awaiting resolution of impeachment process expected in Aug 16 Continued weak market conditions indicates low-end of range APAC (passenger cars only) EMEA (EU28+EFTA) (passenger cars & LCVs) FY '16E 28.9-29.4 FY '16E 16.1 16.6 FY '15 28.2 FY '15 16.1 Forecast unchanged Modest industry growth continues Forecast unchanged H1 16 trend indicates high-end of range with minimal impact expected from Brexit Q2 2016 Results July 27, 2016 16

2016 guidance revised upwards Net revenues Original > 110B Revised Raised to > 112B Adjusted EBIT > 5.0B Raised to > 5.5B Adjusted net profit Net industrial debt > 1.9B < 5.0B Raised to > 2.0B Confirmed Q2 2016 Results July 27, 2016 17

APPENDIX Q2 2016 Results July 27, 2016 18

Supplemental financial measures FCA monitors its operations through the use of various supplemental financial measures that may not be comparable to other similarly titled measures of other companies. Accordingly, investors and analysts should exercise appropriate caution in comparing these supplemental financial measures to similarly titled financial measures reported by other companies. Group management believes these supplemental financial measures provide comparable measures of its financial performance which then facilitate management s ability to identify operational trends, as well as make decisions regarding future spending, resource allocations and other operational decisions. FCA s supplemental financial measures are defined as follows: Adjusted Earnings Before Interest and Taxes ( Adjusted EBIT ) is computed as EBIT excluding: gains/(losses) on the disposals of investments, restructuring, impairments, asset write-offs and other unusual items that are considered rare or discrete events that are infrequent in nature Adjusted Net Profit is calculated as Net Profit excluding after-tax impacts of the same items excluded from Adjusted EBIT Adjusted Earnings Before Interest, Taxes, Depreciation and Amortization ( Adjusted EBITDA ) is computed starting with Adjusted EBIT and then adding back depreciation and amortization expense Net Industrial Debt is computed as debt plus other financial liabilities related to Industrial Activities less (i) cash and cash equivalents, (ii) current securities, (iii) current financial receivables from Group or jointly controlled financial services entities and (iv) other financial assets. Therefore, debt, cash and other financial assets/liabilities pertaining to Financial Services entities are excluded from the computation of Net Industrial Debt Q2 2016 Results July 27, 2016 19

Key performance metrics M Three months ended June 30, Six months ended June 30, 2016 2015 2016 2015 1,175 1,191 Worldwide shipments (units 000) 2,261 2,284 27,893 28,540 Net revenues 54,463 54,383 1,060 1,226 EBIT 2,367 1,922 (568) (175) Adjustments (640) (179) 1,628 1,401 Adjusted EBIT 3,007 2,101 79 45 Of which: Result from investments 141 95 (491) (619) Net financial expenses (1,003) (1,227) 569 607 Profit before taxes 1,364 695 (248) (350) Tax expense (565) (411) 321 257 Net profit 799 284 709 372 Adjusted net profit 1,237 403 Q2 2016 Results July 27, 2016 20

Reconciliation of Adjusted EBIT to EBIT and Adjusted net profit to Net profit M Adjusted EBIT to EBIT Three months ended June 30, Six months ended June 30, 2016 2015 2016 2015 1,628 1,401 Adjusted EBIT 3,007 2,101 (414) Recall campaigns - airbag inflators (414) (105) NAFTA capacity realignment (156) (80) Venezuela currency devaluation (19) (80) (81) U.S. National Highway Traffic Safety Administration (NHTSA) consent order (81) (60) (8) Restructuring costs (67) (12) (4) Impairment expense (4) 5 Gains on disposal of investments 5 6 (2) Other 11 (2) (568) (175) Total adjustments (640) (179) 1,060 1,226 EBIT 2,367 1,922 Adjusted net profit to Net profit Three months ended June 30, Six months ended June 30, 2016 2015 2016 2015 709 372 Adjusted net profit 1,237 403 (568) (175) Adjustments (as above) (640) (179) 180 60 Tax impact on adjustments 202 60 (388) (115) Total adjustments, net of taxes (438) (119) 321 257 Net profit 799 284 Q2 2016 Results July 27, 2016 21

Reconciliation of Net industrial debt to Debt M Jun 30 16 Mar 31 16 Dec 31 15 Net industrial debt 5,474 6,593 5,049 Net financial services debt 1,689 1,442 1,499 Net debt 7,163 8,035 6,548 Intercompany financial receivables/(payables), net (39) Current financial receivables from jointly-controlled financial services companies 50 35 16 Other financial assets/(liabilities), net (397) 63 117 Current securities 414 459 482 Cash and cash equivalents 18,144 17,963 20,662 Debt 25,374 26,555 27,786 Q2 2016 Results July 27, 2016 22

Reconciliation of results for Ferrari separation M The following is a reconciliation of the Group's results as reported herein for the three and six months ended June 30, 2015 (represented to exclude Ferrari) to the Group's results previously reported. The amounts presented in the table below are not representative of the income statement of Ferrari on a stand-alone basis, as these amounts are net of transactions between Ferrari and other companies of the Group Three months ended June 30, 2015 Six months ended June 30, 2015 Results excluding Ferrari (as reported herein) Ferrari, net of intercompany Results including Ferrari (previously reported) Results excluding Ferrari (as reported herein) Ferrari, net of intercompany Results including Ferrari (previously reported) 1,191 2 1,193 Shipments (units 000) 2,284 4 2,288 28,540 688 29,228 Net revenues 54,383 1,241 55,624 1,226 122 1,348 EBIT 1,922 218 2,140 1,401 124 1,525 Adjusted EBIT 2,101 224 2,325 257 76 333 Net profit 284 141 425 Q2 2016 Results July 27, 2016 23

YTD Adjusted EBIT walk * M 2,101 673 155 (58) 157 (27) 33 (27) 3,007 H1 YTD '15 NAFTA LATAM APAC EMEA Maserati Components Other & Jun 30 15 Eliminations H1 YTD '16 Jun 30 16 650 143 4 34 75 3,007 2,101 YTD Jun 30 15 Volume & Mix Net price Industrial costs SG&A Other YTD Jun 30 16 * Information for 2015 has been re-presented to exclude Ferrari, consistent with Ferrari s classification as a discontinued operation for the year ended December 31, 2015. Refer to the Appendix for a reconciliation of these results to amounts previously reported. Q2 2016 Results July 27, 2016 24

Market Share - mass-market brands % NAFTA LATAM 15.1 15.3 15.1 15.2 22.1 20.9 19.0 17.8 11.5 12.2 12.4 12.7 12.8 15.8 12.2 11.5 Q2 13 Q2 14 Q2 15 Q2 16 Q2 13 Q2 14 Q2 15 Q2 16 APAC EMEA 3.9 2.5 1.2 0.7 0.4 0.4 0.4 0.3 3.5 1.5 0.8 1.0 0.4 0.5 0.3 0.2 Q2 13 Q2 14 Q2 15 Q2 16 LCV Passenger Cars LCV Passenger Cars 43.6 44.5 45.1 43.9 29.2 27.9 28.6 29.2 13.6 13.0 13.0 12.9 6.3 6.1 6.4 6.8 Q2 13 Q2 14 Q2 15 Q2 16 Market share is based on retail registrations except in India where market share is based on wholesale volumes Q2 2016 Results July 27, 2016 25

Debt maturity schedule B Outstanding Jun 30 16 6M 2016 2017 2018 2019 2020 Beyond 9.6 Bank Debt 2.1 3.1 2.5 0.5 0.4 1.0 13.8 Capital Market 1.7 2.4 1.9 1.5 1.4 5.0 1.6 Other Debt 0.5 0.2 0.2 0.2 0.1 0.4 25.0 Total Cash Maturities* 4.3 5.7 4.5 2.2 1.9 6.4 18.6 Cash & Mktable Securities 6.2 Undrawn Committed Revolving Facilities 24.7 Total Available Liquidity 5.8 Sale of Receivables (IFRS de-recognition compliant) 3.6 Of which receivables sold to financial services JVs (FCA Bank) Note: Numbers may not add due to rounding * Represents total cash maturities excluding accruals Q2 2016 Results July 27, 2016 26

Contacts Investor Relations Team Joe Veltri +1-248-576-9257 Vice President Erin Banyas +1-248-512-3224 Francesca Ferragina +39-011-006-2308 Tim Krause +1-248-512-2923 Alois Monger +1-248-512-1549 Paolo Mosole +39-011-006-1064 fax: +39-011-006-3796 email: websites: investor.relations@fcagroup.com www.fcagroup.com www.fcausllc.com Q2 2016 Results July 27, 2016 27