FY 2016 Results

January 26, 2017

Safe Harbor Statement

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

FY 2016 Results January 26, 2017 2

 Group overview Components

Mass-market brands by region Industry outlook & guidance

Luxury brand - Maserati Appendix

FY 2016 Results January 26, 2017 3

 Highlights

Record performance
Exceeded guidance in all key metrics, all segments profitable
Record margins at Group level with all segments having improved profitability year-over-year
Second consecutive year of generating positive operating cash flows, net of capex

Nine all-new products launched worldwide

Six products were white-space additions to Groups portfolio
Localization of Jeep production completed - Pernambuco and China JV fully operational

Strengthened Group capital structure

Completed separation of Ferrari with spin-off to shareholders
Eliminated ring-fencing of FCA US cash
Reduced gross debt balance by 3.7B

NAFTA capacity realignment strategy enacted

Dodge Dart and Chrysler 200 production ended capacity to be repurposed for truck and SUV production
Capitalize on strength of Jeep and Ram brands and in-line with consumer trends

Group positioned to remain on forefront of new technologies

Entered into first-of-its-kind collaboration with Google
All-new Pacifica Hybrid launched in Q4 Portal concept vehicle positively received at U.S. Consumer Electronics Show

2017 guidance confirms conviction in achievement of 2018 targets

Net revenues 115 120B
Adjusted EBIT * >7.0B
Adjusted net profit * >3.0B
Net industrial debt * <2.5B
These supplemental financial measures are non-GAAP. 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 supplemental financial measures in accordance with our policy are, by definition, not predictable and uncertain.

FY 2016 Results January 26, 2017 4

 New products
First ever Alfa Romeo SUV
All-new Stelvio revealed at
Los Angeles Auto Show
Features an all-new, all-aluminum
2.0-liter direct-injection turbo gas
engine delivering a class-leading
standard 280 hp/306 lb-ft of torque
Stelvio Quadrifoglio with best-in-
class 505 hp, powering it from 0-60
mph in 3.9 seconds and a top speed
of 177 mph
Built at the Cassino (Italy) plant, to
be sold in EMEA in Q1 17 and
NAFTA in Q2 17
FY 2016 Results
Most capable compact SUV
All-new Compass North American
debut at Los Angeles Auto Show
Combines best-in-class 4x4
off-road capability with superior
on-road driving dynamics
Offers advanced fuel-efficient
powertrains, open-air freedom
and innovative safety features
Will be sold globally
Industrys first
electrified minivan
All-new Pacifica Hybrid
production began December 1,
2016
Most fuel-efficient minivan ever,
with EPA fuel-economy rating of
84 MPGe
Advanced hybrid powertrain
delivers a seamless, efficient
driving experience, with 33 miles
of all-electric range and total
range of 566 miles
January 26, 2017 5
 FY 16 summary *
Shipments (000s units) Adjusted net profit (M)
FY Q4 FY Q4
2016 4,482 238 4,720 1,155 78 2016 2,516 539
2015 4,602 136 4,738 1,206 51 2015 1,708 1,041

Consolidated shipments JV shipments

Adjusted net profit up 47% driven by improved operating performance and
reduction in net financial expenses, partially offset by higher income taxes
Combined shipments (including JVs) in line with prior year Net profit was 1,814M compared to 93M in FY 15, due to improved
JV shipments higher due to transition to local Jeep production in China performance and higher level of special items in previous year

Net revenues (M) Net industrial debt (M)

FY Q4
2016 111,018 4,585
29,719 Dec 31 16

2015 110,595 29,414 Dec 31 15 5,049

Net revenues in line with 2015, +1% at constant exchange rates (CER) 1.8B cash flows from operating activities net of capex, partially offset by
Positive pricing and mix largely offset by lower consolidated shipments negative FX impact of 1.1B primarily due to strengthening of Brazilian Real
and negative FX impact

Adjusted EBIT (M) Available liquidity (B)

FY Q4
Dec 31 16 17.6 6.2 23.8
2016 6,056 1,549
Dec 31 15 21.1 3.4 24.6
2015 4,794 1,530
Cash & Marketable Securities Undrawn committed credit lines

Adjusted EBIT up 26% (+27% at CER) with margin at 5.5% (vs. 4.3% in Available liquidity remained strong at 23.8B with gross debt reduced
FY 15) driven by continued strong performance in NAFTA and in the year by 3.7B
improvements in all other segments, in particular EMEA and Maserati Revolver availability increased by 2.5B by removal of ring-fencing of
FCA US cash
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 excludes Ferrari, consistent with Ferraris classification as a discontinued operation for the year ended December 31, 2015.
FY 2016 Results January 26, 2017 6
 FY 16 Adjusted EBIT walk by segment *
M
% = Adjusted EBIT margin

234 50
6,056
327
(177)
92 53
683 5.5%

4,794

4.3%

FY '15 NAFTA LATAM APAC EMEA Maserati Components Other & FY '16
Eliminations

* Information for 2015 excludes Ferrari, consistent with Ferraris classification as a discontinued operation for the year ended December 31, 2015.

FY 2016 Results January 26, 2017 7

 FY 16 Adjusted EBIT walk by operational driver *
M
% = Adjusted EBIT margin

188 188 6,056

1,058 (19)
(153)
5.5%

4.3%
4,794

4.3%

FY '15 Volume & Mix Net price Industrial costs SG&A Other FY '16

* Information for 2015 excludes Ferrari, consistent with Ferraris classification as a discontinued operation for the year ended December 31, 2015.

FY 2016 Results January 26, 2017 8

 FY 16 Net industrial debt walk *
M
Change in Net industrial debt +464

Cash flows from industrial operating activities, net of Capex +1,752

11,799
613
547

(2,395)

(8,812)
(1,288) (4,585)
(5,049)

Dec 31 15 Adjusted Financial Change in Working Capex FX & Other Dec 31 16

industrial charges funds & capital
EBITDA & Taxes** other

vs. FY 15 1,778 64 (1,226) 740 4 (2,326)

Excluding Ferrari

Difference in cash flows from industrial operating

activities, net of Capex FY 16 vs FY 15 +1,360

* Dec 31 15 excludes Ferrari, consistent with Ferraris classification as a discontinued operation for the year ended December 31, 2015.
** Net of IAS 19
FY 2016 Results January 26, 2017 9
 NAFTA
o Industry sales flat y-o-y in the U.S. and up 2% in Canada, with
Group sales down 1% in the region
FY 16 FY 15 U.S. sales flat at 2.2M vehicles despite planned phase-out of
Chrysler 200 and Dodge Dart, with market share flat at
Sales (k units) 2,611 2,631 (1)% 12.6%; Jeep and Ram sales up 6% and 11%, respectively
U.S. dealer days of supply increased to 82 days vs. 78
Market share 12.2% 12.4% (20) bps at year-end 15 partly due to phased-out nameplates
U.S. dealer inventories (days of supply) 82 78 4 d/s U.S. fleet mix of sales at 24% vs. 23% in FY 15; H2 16 mix
at 21% vs. 23% in H2 15
Shipments (k units) 2,587 2,726 (5)% Canada sales of 279k units, down 4% primarily due to
Net revenues (M) 69,094 69,992 (1)% pricing to offset negative FX; market share at 14.2%,
down 90 bps
Sales data represents sales to retail and fleet customers and limited deliveries to Group-related persons. Mexico sales up 1% to 88k units
Sales by dealers to customers are reported through a new-vehicle delivery system. U.S. dealer inventory
days of supply calculated using total sales including fleet.
o Shipments in U.S. down 106k units (-5%), Canada down
29k units (-10%) and Mexico down 4k units (-4%)
o Net revenues down 1% (-1% at CER), primarily due to lower
shipments, partially offset by favorable car line mix
Adjusted EBIT walk (M)
%= Adjusted EBIT margin o Positive car line mix partially offset by lower volumes due to
planned phase-out of Chrysler 200 and Dodge Dart
361 75 5,133
4,450 245 71 o Higher net pricing was partially offset by negative FX
(69) 7.4% transaction impact from CAD and MXN
o Industrial costs improvement driven by purchasing savings,
6.7%
7.7%
6.4% lower warranty costs and positive FX transaction impact,
7.6% partially offset by higher product costs for content
enhancements and higher manufacturing costs
o Higher SG&A primarily due to increased advertising spend
o Other primarily reflects favorable FX impact
FY '15 Volume & Net price Industrial SG&A Other FY '16
Mix costs o Adjusted EBIT excludes net charges of 667M, primarily
related to Takata airbag inflator recalls, capacity realignment
plan costs and estimated net costs associated with a recall
for which costs are being contested with a supplier

FY 2016 Results January 26, 2017 10

 LATAM

o Industry down 11% due to continued macroeconomic

weakness in the region
FY 16 FY 15
Brazil industry down 20% y-o-y, Argentina up 9%
Sales (k units) 473 584 (19)% o Continued as market leader in Brazil with share at 18.4% and
a 100 bps lead over nearest competitor
Market share 12.9% 14.2% (130) bps Fiat leader in A segment with 22.4% share
Inventories (days of supply) 27 39 (12) d/s Fiat maintained leadership in LCV/pickup segments with a
combined share of approximately 38%
Shipments (k units) 456 553 (18)% Jeep leader in SUV segments with combined share of 20.0%
Net revenues (M) 6,197 6,431 (4)% o Shipments in Brazil down 106k units (-23%), Argentina up
10k units (+12%)
o Net revenues decreased 4% (+1% at CER) due to lower
shipments partially offset by favorable vehicle mix

Adjusted EBIT walk (M)

%= Adjusted EBIT margin

o Mix improvement primarily driven by locally produced

96
57 all-new Fiat Toro and all-new Jeep Compass, was partially
5 offset by lower volumes, mainly due to poor market
conditions in Brazil
1.8% (13) 0.1%
(17) o Pricing impacted by strong competition in Brazil
(4.3)%
(31) o Higher industrial costs mainly due to increased product costs
(1.4)% (1.1)% driven by inflation and D&A related to new products
o SG&A improvement driven by continued cost reduction
(87) initiatives to right-size to market volume
FY '15 Volume & Net price Industrial SG&A Other FY '16
Mix costs o Other primarily reflects FX translation impact

FY 2016 Results January 26, 2017 11

 APAC

o Industry up 11% with China +15%, India +7%, Australia +2%,

Japan -2% and South Korea flat
FY 16 FY 15 o Group combined sales increased 8% with market share flat
compared to prior year
Combined sales (k units) 233 215 8%
of which China JV sales 130 47 177% China +27%, Japan +17%, both outperforming their
respective industries
Market share 0.7% 0.7% - Australia -48% due to impact of price increases to offset
Inventories (days of supply) * 82 118 (36) d/s AUD weakness, South Korea -1% and India -24%
Jeep brand (76% of regional Group sales) +51% y-o-y
Combined shipments (k units) 233 189 23% driven by higher sales of locally produced Cherokee and
of which China JV shipments 142 40 255% Renegade
Net revenues (M) 3,662 4,885 (25)% o Combined shipments up 23% with higher JV shipments,
partially offset by reduction of imported vehicles
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.
o Net revenues down 25% (-24% at CER) due to transition to
local Jeep production, partially offset by favorable imported
* Calculated based on combined sales and inventories vehicle mix and increased sales of components

Adjusted EBIT walk (M)

%= Adjusted EBIT margin o Lower imported volumes in China due to transition to local
Jeep production, partially offset by favorable vehicle mix
xx% 152 105 from imported vehicles
2.4%
52 o Lower net price due to incentives to complete the sell-out
2.9% of discontinued and other imported vehicles
1.1%
3.1% 4.4%
136 o Higher industrial costs due to unfavorable FX transaction
(9.9)% impact
2.2% o Lower SG&A primarily due to marketing expenses (now
(197) (11) incurred by China JV)
(27)
FY '15 Volume & Net price Industrial SG&A Other FY '16 o Other reflects improved results from China JV and
Mix costs favorable FX impact

FY 2016 Results January 26, 2017 12

 EMEA

Passenger Cars
o EU28+EFTA (EU) industry up 7% to 15.1M units with growth in
all major markets: Italy (+16%), Spain (+11%), France (+5%),
FY 16 FY 15 Germany (+5%), UK (+2%)
o EU sales up 14% to 985k units, with market share at 6.5%, up
Sales (k units) 1,417 1,281 11% 40 bps: Spain (+70 bps), Italy (+60 bps), France (+30 bps),
Germany (+10 bps), UK (-10 bps)
EU Market share - passenger cars 6.5% 6.1% 40 bps
o Shipments at 1,018k units (+13%)
EU Market share - LCVs 11.6% 11.3% 30 bps LCVs
o EU industry up 12% to 2.2M units with growth in all major
Inventories (days of supply) 70 62 8 d/s markets: Italy (+47%), Spain (+11%), Germany (+11%), France
Shipments (k units) 1,306 1,142 14% (+9%), UK (+3%)
o EU sales up 15% to 250k units with EU market share at 11.6%
Net revenues (M) 21,860 20,350 7% (up 30 bps)
o Shipments at 288k (+19%)
o Increase in inventories due to new model launches and timing
of fleet shipments

Adjusted EBIT walk (M)

%= Adjusted EBIT margin
o Higher volumes and mix improvement driven primarily by
25 all-new Fiat Tipo family, Jeep Renegade and all-new
448
Alfa Romeo Giulia
(46) 55 540
o Industrial costs increase reflects higher R&D and
(155) depreciation, partially offset by purchasing and
2.5%
manufacturing efficiencies
213 o Higher SG&A mainly due to advertising to support new
1.0% product launches, in particular for Alfa Romeo brand
o Other reflects higher results from JVs
FY '15 Volume & Net price Industrial SG&A Other FY '16
Mix costs

FY 2016 Results January 26, 2017 13

 Luxury brand
Maserati

FY 16 FY 15
FY 16 Shipments By Market
Europe
Shipments (units) 42,100 32,474 30% Top-5
17% Japan
3%
Net revenues (M) 3,479 2,411 44%
North Greater
Adjusted EBIT (M) 339 105 223% America China
34% 29%
Adjusted EBIT margin 9.7% 4.4% 530 bps
Other
17%

Commercial Performance Maserati Models

o Shipments increase driven by all-new Levante
o Sales of Levante increased each month since launch
with 11,055 units sold worldwide in 2016

Financial Performance
o Increase in Net revenues driven by higher volumes Levante Quattroporte
and better mix
o Adjusted EBIT at record level driven by higher
volumes and mix, partially offset by increase in
industrial costs and commercial launch activities
o H2 16 margins at 12.0% driving FY 16 margins to
more than double FY 15
Ghibli Gran Turismo
FY 2016 Results January 26, 2017 14
 Components

(M)
Adjusted
EBIT
Net revenues Adjusted EBIT Margin

FY '16 9,659 FY '16 445 4.6%

FY '15 9,770 FY '15 395 4.0%

o Net revenues slightly lower, reflecting reduced volumes at Comau and negative FX
transaction effects, largely offset by volume increase at Magneti Marelli
o Adjusted EBIT increased primarily due to favorable mix, partially offset by higher
industrial costs
o Magneti Marelli non-captive Net revenues at 69%, in line with 2015

FY 2016 Results January 26, 2017 15

 Industry outlook and guidance

FY 2016 Results January 26, 2017 16

 FCA performance to Plan

All key targets achieved or exceeded in first 3 years of Plan

B (except per share amounts)

2014* 2015* 2016

NET REVENUES 94 111 111

ADJUSTED EBITDA 8.0 10.2 12.0

ADJUSTED EBIT 3.4 4.8 6.1

ADJUSTED NET PROFIT 0.8 1.7 2.5

ADJUSTED DILUTED EPS 0.600 1.122 1.641

NET INDUSTRIAL DEBT 7.7 5.0 4.6

Achieved or exceeded targets

* Information for 2014 and 2015 excludes Ferrari, with the exception of the December 31, 2014 Net industrial debt, consistent with Ferraris classification as a discontinued operation for the year ended
December 31, 2015.

Refer to Appendix for definitions of supplemental financial measures and reconciliations to applicable IFRS metrics

FY 2016 Results January 26, 2017 17

 Industry outlook

NAFTA industry expected to be stable, with modest growth anticipated in other regions
M Units
NAFTA & U.S. APAC & CHINA
(total vehicle sales including medium/heavy trucks) (passenger cars only)

33.4
21.5 32.2 32.2
21.1 21.1 21.1
29.1
19.9 27.6

22.4 22.3 23.1

17.8 17.9 19.7
17.5 17.5 18.1
16.8

2014 2015 2016 2017E 2018E 2014 2015 2016 2017E 2018E
APAC reflects aggregate for major markets where Group
NAFTA U.S. competes (China, Australia, Japan, South Korea and India) APAC China

LATAM & BRAZIL EMEA & EU28+EFTA

(passenger cars and LCVs) (passenger cars and LCVs)
5.2
24.2
23.1 23.3
4.2 4.3
22.0
3.8 21.4
3.7

3.3

17.3 17.4 17.5

2.5 2.5
2.2 16.1
2.0 14.7

2014 2015 2016 2017E 2018E 2014 2015 2016 2017E 2018E

LATAM Brazil EMEA EU28+EFTA

FY 2016 Results Source: IHS and Group estimates January 26, 2017 18
 2017 guidance
Transition year, with modest top line growth and focus on cash generation
Tough Q1 comparative due to NAFTA manufacturing changes
2017
2016 Cash Drivers
B Guidance
NET REVENUES 111 115 - 120 EBITDA GROWTH
WORKING CAPITAL
ADJUSTED EBIT * 6.1 > 7.0
FINANCIAL CHARGES
ADJUSTED NET PROFIT * 2.5 > 3.0 CAPEX
TAXES
NET INDUSTRIAL DEBT * 4.6 < 2.5
Maturing capital market debt
NAFTA Leverage strength in truck APAC Joint venture fully operational to be repaid with cash on hand
and SUV segments with three Jeep products
Financial charges reduced due
to gross debt reduction
LATAM Pernambuco fully operational with EMEA Modest growth with continued
three white space products capacity utilization improvement Cash taxes increase due to
higher profitability
Luxury/premium strategy elements Capital expenditures in line
Growth driven by Magneti Marelli
emerge - Levante, Giulia, Stelvio with 2016

Key Recent Product Launches Continue cost reduction

initiatives

Targeting investment grade

credit metrics by end of 2017
Tipo Levante Stelvio Giulia Compass Pacifica

* Refer to Appendix for definitions of supplemental financial measures and reconciliations to applicable IFRS metrics. 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 supplemental financial measures in accordance with our policy are, by definition, not predictable and uncertain.

FY 2016 Results January 26, 2017 19

 Drivers to 2018 Net industrial cash target

EBITDA growth primary driver of cash generation; capex held flat with 2016
2017 EBITDA >13.5B
B ~30
~3

~(6)

Change in Net industrial cash / (debt) 8.6-9.6B

4.0-5.0
~(18)

(4.6)
Dec 31 16 Adjusted Financial Working Capex Dec 31 18
Actual industrial charges capital Plan
EBITDA & Taxes
NAFTA capacity Lower financial Primarily related Annual spend
realignment plan charges from to volume growth consistent with
driving higher repayment of 2016
truck and SUV debt maturities Major product
volumes Higher taxes renewals: Ram
Globalization of from improved pickup line-up,
Jeep brand profitability Jeep Wrangler and
Continued roll-out Grand Cherokee
of Alfa Romeo and White-space
Maserati brand products: Alfa
strategies Romeo brand, Jeep
Gr. Wagoneer/
Wagoneer and
pickup truck
FY 2016 Results January 26, 2017 20
 Bridge to Plan targets

Performance to date and 2017 Guidance confirms conviction in achievement of 2018 targets
2013-16 2017 2018 2016-18
2013 2016
B CAGR Guidance Plan CAGR

NET REVENUES 85 111 9% 115 - 120 ~ 136 11%

ADJUSTED EBIT * 3.2 6.1 24% > 7.0 8.7 9.8 23%

ADJUSTED NET PROFIT * 0.7 2.5 53% > 3.0 4.7 5.5 43%

NET INDUSTRIAL
CASH / (DEBT) * (7.0) (4.6) n.a. < (2.5) 4.0 5.0 n.a.

MAY 2014 JAN 2016

Note: Information for 2013 has been re-presented to exclude Ferrari, with the exception of the December 31, 2013 Net industrial debt consistent with Ferraris classification as a discontinued operation for the year
ended December 31, 2015.
* Refer to Appendix for definitions of supplemental financial measures and reconciliations to applicable IFRS metrics. 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 supplemental financial measures in accordance with our policy are, by definition, not predictable and uncertain.

FY 2016 Results January 26, 2017 21

 Appendix

FY 2016 Results January 26, 2017 22

 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 managements ability
to identify operational trends, as well as make decisions
regarding future spending, resource allocations and
other operational decisions.
FCAs supplemental financial measures are defined as
follows:
Earnings Before Interest, Taxes, Depreciation and
Amortization (EBITDA) is computed starting with
Net profit from continuing operations and adding
back Net financial expenses, Tax expense/(benefit)
and depreciation and amortization expense
FY 2016 Results
Adjusted Earnings Before Interest and Taxes (Adjusted
EBIT) excludes certain adjustments from Net profit from
continuing operations including gains/(losses) on the
disposal of investments, restructuring, impairments, asset
write-offs and unusual income/(expenses) that are
considered rare or discrete events that are infrequent in
nature, and also excludes Net financial expenses and Tax
expense/(benefit)
The same items excluded from Adjusted EBIT, on a tax
effected basis, are excluded from Adjusted net profit and
Adjusted diluted EPS, as well as financial
income/(expenses) and tax income/(expenses) considered
rare or discrete events that are infrequent in nature
Net industrial cash/(debt) is computed as: Debt plus
derivative financial liabilities related to industrial activities
less (i) cash and cash equivalents, (ii) current available-
for-sale and held-for-trading securities, (iii) current
financial receivables from Group or jointly controlled
financial services entities and (iv) derivative financial
assets and collateral deposits; therefore, debt, cash and
other financial assets/liabilities pertaining to financial
services entities are excluded from the computation of
Net industrial cash/(debt)
January 26, 2017 23
 Key performance metrics *
2016 and 2015
M, except as otherwise stated

Three months ended Dec 31 Years ended Dec 31

2016 2015 2016 2015
1,233 1,257 Combined shipments (000s units) 1 4,720 4,738
1,155 1,206 Consolidated shipments (000s units) 1 4,482 4,602
29,719 29,414 Net revenues 111,018 110,595
135 1,050 Adjustments 934 2,169
1,549 1,530 Adjusted EBIT 6,056 4,794
95 23 of which Result from investments 316 143
485 518 Net financial expenses 2,016 2,366
929 (38) Profit/(Loss) before taxes 3,106 259
520 (234) Tax expense/(benefit) 1,292 166
409 196 Net profit 1,814 93
539 1,041 Adjusted net profit 2,516 1,708

* Information for 2015 excludes Ferrari, consistent with Ferraris classification as a discontinued operation for the year ended December 31, 2015.
(1) Combined shipments include shipments by the Group's consolidated subsidiaries and unconsolidated joint ventures, whereas consolidated shipments
only include shipments from the Group's consolidated subsidiaries.

FY 2016 Results January 26, 2017 24

 Reconciliation of Net profit to Adjusted EBIT *
2016 and 2015
M

Three months ended Dec 31 Years ended Dec 31

2016 2015 2016 2015
409 196 Net profit 1,814 93
520 (234) Tax expense/(benefit) 1,292 166
485 518 Net financial expenses 2,016 2,366
Adjustments:
- - Recall campaigns airbag inflators 414 -
Costs for recall, net of supplier recoveries contested
(25) - with supplier 132 -
- 834 NAFTA capacity realignment 156 834
- - Change in estimate for future recall campaign costs - 761
Tianjin (China) port explosions, net of insurance
(38) - recoveries (55) 142
- 83 Currency devaluations 19 163
U.S. National Highway Traffic Safety
Administration (NHTSA) consent order and
- - amendment - 144
22 28 Restructuring costs 88 53
209 103 Impairment expense 225 118
- - Gains on disposal of investments (13) -
(33) 2 Other (32) (46)
135 1,050 Total adjustments 934 2,169
1,549 1,530 Adjusted EBIT 6,056 4,794

* Information for 2015 excludes Ferrari, consistent with Ferraris classification as a discontinued operation for the year ended December 31, 2015.

FY 2016 Results January 26, 2017 25

 Reconciliation of Net profit to Adjusted EBIT *
2014 and 2013
M

Years ended Dec 31

2014 2013
Net profit 359 1,708
Tax expense/(benefit) 424 (1,059)
Net financial expenses 2,051 1,989
Adjustments:
Jeep voluntary recall charge - 115
Pension curtailment gain - (166)
Currency devaluations 98 43
Restructuring costs - 28
Impairment expense 115 362
Gains on disposal of investments - (8)
Other 315 169
Total adjustments 528 543
Adjusted EBIT 3,362 3,181

* Information for 2013 and 2014 has been re-presented to exclude Ferrari, consistent with Ferraris classification as a discontinued operation for the year ended
December 31, 2015.

FY 2016 Results January 26, 2017 26

 Reconciliation of Net profit to Adjusted net profit *
2016 and 2015
M

Three months ended Dec 31 Years ended Dec 31

2016 2015 2016 2015
409 196 Net profit 1,814 93
135 1,050 Adjustments 934 2,169
(5) (205) Tax impact on adjustments (232) (554)
130 845 Total adjustments, net of taxes 702 1,615
539 1,041 Adjusted net profit 2,516 1,708

* Information for 2015 excludes Ferrari, consistent with Ferraris classification as a discontinued operation for the year ended December 31, 2015.

FY 2016 Results January 26, 2017 27

 Reconciliation of Net profit to Adjusted net profit *
2014 and 2013
M

Years ended Dec 31

2014 2013
Net profit 359 1,708
Adjustments 528 543
Tax impact on adjustments (115) (27)
Total adjustments, net of taxes 413 516
One-time recognition of deferred tax asset - (1,500)
Adjusted net profit 772 724

* Information for 2013 and 2014 has been re-presented to exclude Ferrari, consistent with Ferraris classification as a discontinued operation for the year ended
December 31, 2015.

FY 2016 Results January 26, 2017 28

 Reconciliation of Diluted EPS to Adjusted diluted EPS *
2016 and 2015
per share, except as otherwise stated

Three months ended Dec 31 Years ended Dec 31

2016 2015 2016 2015
0.268 0.129 Diluted EPS 1.181 0.055
130 845 Total adjustments, net of taxes (M) 702 1,615
0.085 0.557 Impact of adjustments on Diluted EPS 0.460 1.067
0.353 0.686 Adjusted diluted EPS 1.641 1.122
Weighted average number of shares outstanding
1,534,037 1,518,117 for Diluted EPS (000s) 1,526,376 1,514,007

* Information for 2015 excludes Ferrari, consistent with Ferraris classification as a discontinued operation for the year ended December 31, 2015.

FY 2016 Results January 26, 2017 29

 Reconciliation of Diluted EPS to Adjusted diluted EPS *
2014
per share, except as otherwise stated

Year ended Dec 31

2014
Diluted EPS 0.265
Total adjustments, net of taxes (M) 413
Impact of adjustments on Diluted EPS 0.335
Adjusted diluted EPS 0.600
Weighted average number of shares outstanding for Diluted EPS (000s) 1,234,097

* Information for 2014 has been re-presented to exclude Ferrari, consistent with Ferraris classification as a discontinued operation for the year ended
December 31, 2015.

FY 2016 Results January 26, 2017 30

 Reconciliation of Debt to Net industrial debt *
2016 and 2015
M

Dec 31 16 Sep 30 16 Dec 31 15

Debt (24,048) (25,292) (27,786)
Intercompany, net - - (39)
Current financial receivables from jointly-controlled
80 62 16
financial services companies
Derivative financial (assets)/liabilities, net and
(150) 48 117
collateral deposits
Current Available-for-sale and Held-for-trading
241 334 482
securities
Cash and cash equivalents 17,318 16,626 20,662
Debt classified as held for sale (9) - -
Net debt (6,568) (8,222) (6,548)
Less: Net financial services debt 1,983 1,708 1,499
Net industrial debt (4,585) (6,514) (5,049)

* Dec 31 15 excludes Ferrari, consistent with Ferraris classification as a discontinued operation for the year ended December 31, 2015.

FY 2016 Results January 26, 2017 31

 Reconciliation of Debt to Net industrial debt *
2014 and 2013
M

Dec 31 14 Dec 31 13
Debt (33,724) (30,283)
Current financial receivables from jointly-controlled
58 27
financial services companies
Derivative financial (assets)/liabilities, net and
(233) 396
collateral deposits
Current Available-for-sale and Held-for-trading
210 247
securities
Cash and cash equivalents 22,840 19,455
Net debt (10,849) (10,158)
Less: Net financial services debt 3,195 3,144
Net industrial debt (7,654) (7,014)

* Information for 2013 and 2014 includes Ferrari

FY 2016 Results January 26, 2017 32

 Q416 Adjusted EBIT walk *
M

170 3
1,530 7 86 1,549

(85) (19) (143)

5.2% 5.2%

Q4'15
Q4 15 NAFTA LATAM APAC EMEA Maserati Components Other & Q4'16
Q4 16
Eliminations

305
1,530 (12) 26 1,549
(160)
(140)

5.2% 5.2%

Q4 15 Volume & Net price Industrial SG&A Other Q4 16

Mix costs

* Information for 2015 excludes Ferrari, consistent with Ferraris classification as a discontinued operation for the year ended December 31, 2015

FY 2016 Results January 26, 2017 33

 Q4 16 Net industrial debt walk
M

Change in Net industrial debt +1,929

Cash flows from industrial operating activities, net of Capex +2,167

1,975

2,981 682

(552)
(2,919)
(238) (4,585)

(6,514)
Sep 30 16 Adjusted Financial Change in Working Capex FX & Other Dec 31 16
industrial charges funds & other capital
EBITDA & Taxes *

* Net of IAS 19

FY 2016 Results January 26, 2017 34

 Q4 16 Regional results

NAFTA Q4 16 Q4 15 LATAM Q4 16 Q4 15

Sales (k units) 617 689 (10)% Sales (k units) 129 139 (7)%
Market share 11.3% 12.8% (150) bps Market share 13.4% 13.8% (40) Bps
U.S. dealer inventory (days of supply) 82 78 4 d/s Inventories (days of supply) 28 39 (11) d/s
Shipments (k units) 645 731 (12)% Shipments (k units) 131 140 (6)%
Net revenues (M) 17,669 18,925 (7)% Net revenues (M) 1,926 1,514 +27%
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. U.S. dealer inventory
days of supply calculated using total sales including fleet.

Adjusted EBIT walk (M) Adjusted EBIT walk (M)

%= Adjusted EBIT margin %= Adjusted EBIT margin

80
1,336
96 12 1,251
(111) (33) (49)
6.7%
7.7% (37)
7.1% 7.1%
7.6%
29 11

1.9% 10
(52)
(21) 0.5%
Q4 '15 Volume & Net price Industrial SG&A Other Q4 '16 Q4 '15 Volume & Net price Industrial SG&A Other Q4 '16
Mix costs Mix costs

B/(W) B/(W)
101 (107) (6) (67) 49 (30) 103 (18) (70) 9 2 26
Q3 16 Q3 16

FY 2016 Results January 26, 2017 35

 Q4 16 Regional results

APAC Q4 16 Q4 15 EMEA Q4 16 Q4 15
Combined sales (k units) 63 53 19% Sales (k units) 347 317 9%
of which China JV sales 42 16 163%
EU Market share - passenger cars 6.3% 5.9% 50 bps
Market share 0.7% 0.6% 10 bps
EU Market share - LCVs 11.5% 10.5% 100 bps
Inventories (days of supply) * 82 118 (36) d/s
Inventories (days of supply) 70 62 8 d/s
Combined shipments (k units) 63 42 50%
of which China JV shipments 42 16 163% Shipments (k units) 340 299 14%
Net revenues (M) 895 1,008 (11)% Net revenues (M) 5,980 5,585 7%
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.

* Calculated based on combined sales and inventories

Adjusted EBIT walk (M) Adjusted EBIT walk (M)

%= Adjusted EBIT margin %= Adjusted EBIT margin

53 30 32
xx% 23
103
2.4%
3.4% 20 197
2.3% (34)
3.1% 4.4 (35)
0.9% % 111 3.3%
1 28
(9.9)%
(46) 2.0%
2.2
%
(29)
Q4 '15 Volume & Net price Industrial SG&A Other Q4 '16 Q4 '15 Volume & Net price Industrial SG&A Other Q4 '16
Mix costs Mix costs

B/(W) B/(W)
13 6 -0- (10) 0 9 110 15 (10) (17) (5) 93
Q3 16 Q3 16

FY 2016 Results January 26, 2017 36

 Q4 16 Results - Maserati and Components

Q4 16 Q4 15 Q4 16 Q4 15

Shipments (units) 18,237 9,971 83% Net revenues (M) 2,520 2,438 3%

Net revenues (M) 1,519 762 99% Adjusted EBIT (M) 136 133 2%

Adjusted EBIT (M) 184 14 1,214% Adjusted EBIT margin 5.4% 5.5% (10) bps

Adjusted EBIT margin 12.1% 1.8% 1,030 bps

FY 2016 Results January 26, 2017 37

 Market share mass-market brands
Market Share (%)

NAFTA
APAC

4.2
14.8 14.7
3.4
13.3
13.3 2.1
13.3 1.4
12.8 0.9 0.9
11.7 0.7 0.7
11.4 0.5 0.5 0.4 0.5
0.4 0.4 0.3 0.2
Q4 13 Q4 14 Q4 15 Q4 16
Q4 13 Q4 14 Q4 15 Q4 16

APAC industry 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 wholesales.

LATAM EMEA

46.0 47.0 47.5

42.4
20.0 19.9 19.4 18.9 LCV

27.7 27.3 28.2 28.7

Passenger
Cars

10.5 9.7 11.2 11.2 10.4 10.4 10.5 11.5

LCV
Passenger
Cars
Q4 13 Q4 14 Q4 15 Q4 16 5.6 5.7 5.9 6.3

Q4 13 Q4 14 Q4 15 Q4 16

FY 2016 Results January 26, 2017 38

 Pension and OPEB plans funded status
B
Pension plan funded status 1 OPEB funded status 2

NAFTA
NAFTA

0.1
1.8 - - -
(3.5) (0.1) (3.5)

(1.3)
0.5 (0.1)
(0.1) (4.7)

(5.2) Dec 31 '15 Discount Benefit Interest, FX Other FCA Dec 31 '16
rate payments service costs, translation Group
(0.3) & other companies

Dec 31 '15 Discount Contributions Earnings on Interest, FX Other FCA Dec 31 '16
rate plan assets service costs translation Group
& other companies

A 100 basis point change in the discount rate would impact pension and OPEB obligations by ~3.3 billion

1 Balances include prepaid pension plans of 0.3B at Dec 31 16 and 0.2 at Dec 31 15
2 Includes TFR (termination service indemnity) in Italian entities of 0.8B at Dec 31 16 and Dec 31 15

FY 2016 Results January 26, 2017 39

 Common shares outstanding walk
M shares

239 1,528

1,289

Common shares Conversion of MCS Common shares

outstanding Dec 31 '15 outstanding Dec 31 '16

o Approximately 239 million common shares were issued in December 2016 pursuant to the terms of
the Mandatory Convertible Securities (MCS) issued in December 2014
o The conversion rate used was 8.3077 shares for each $100 notional amount of the MCS

FY 2016 Results January 26, 2017 40

 Debt maturity schedule
B

Outstanding
Dec 31 16 2017 2018 2019 2020 2021 Beyond
9.8 Bank debt 4.4 2.8 0.9 0.5 0.4 0.8
12.5 Capital market debt 2.6 2.0 1.5 1.4 1.0 4.0
1.4 Other debt 0.6 0.2 0.2 0.1 0.1 0.3
23.6 Total cash maturities * 7.5 4.9 2.6 2.0 1.5 5.1
17.6 Cash and marketable securities
6.2 Undrawn committed revolving facilities
23.8 Total available liquidity

Sale of receivables (IFRS de-recognition

6.6
compliant)
of which receivables sold to financial
4.1
services JVs (FCA Bank)

Note: Numbers may not add due to rounding

* Excludes accruals

FY 2016 Results January 26, 2017 41

 Contacts

Group Investor Relations Team

Joe Veltri +1-248-576-9257 Vice President

Erin Banyas +1-248-512-3224

Tim Krause +1-248-512-2923

Alois Monger +1-248-512-1549

Paolo Mosole +39-011-006-1064

fax: +39-011-006-3796

email: investor.relations@fcagroup.com

websites: www.fcagroup.com
www.fcausllc.com

FY 2016 Results January 26, 2017 42