EX-99.2 3 exhibit992fcanv20190930add.htm EX-99.2 SUPPLEMENTAL INFORMATION FINANCIAL DATA BY ACTIVITY SEPTEMBER 30, 2019 FCA NV 2019.09.30 Additional Information Financial Data by Activity
fcagrouplogoa01.jpg

Exhibit 99.2
Income Statement by activity
Unaudited
 
 
For the three months ended
September 30, 2019
 
 
For the three months ended
September 30, 2018
 
(€ million)
 
Group
 
Industrial activities
 
Financial services
 
Group
 
Industrial activities
 
Financial services
Net revenues
 
27,322

 
27,285

 
71

 
27,594

 
27,530

 
88

Cost of revenues
 
23,768

 
23,761

 
41

 
23,584

 
23,553

 
55

Selling, general and other costs
 
1,601

 
1,596

 
5

 
2,291

 
2,283

 
8

Research and development costs
 
1,456

 
1,456

 
—

 
705

 
705

 
—

Result from investments
 
43

 
(16
)
 
59

 
50

 
1

 
49

Gains on disposal of investments
 
—

 
—

 
—

 
—

 
—

 
—

Restructuring costs
 
(1
)
 
(1
)
 
—

 
24

 
24

 
—

Net financial expenses
 
280

 
280

 
—

 
249

 
249

 
—

Profit before taxes
 
261

 
177

 
84

 
791

 
717

 
74

Tax expense
 
440

 
433

 
7

 
277

 
268

 
9

Result from intersegment investments
 
—

 
77

 
—

 
—

 
65

 
—

Net (loss)/profit from continuing operations
 
(179
)
 
(179
)
 
77

 
514

 
514

 
65

Profit from discontinued operations, net of tax
 
—

 
—

 
—

 
50

 
50

 
—

Net (loss)/profit
 
(179
)
 
(179
)
 
77

 
564

 
564

 
65

 
 
 
 
 
 
 
 
 
 
 
 
 
Adjusted EBIT
 
1,959

 
1,875

 
84

 
1,872

 
1,797

 
75

 
 
For the nine months ended
September 30, 2019
 
 
For the nine months ended
September 30, 2018
 
(€ million)
 
Group
 
Industrial activities
 
Financial services
 
Group
 
Industrial activities
 
Financial services
Net revenues
 
78,544

 
78,385

 
254

 
80,938

 
80,764

 
241

Cost of revenues
 
68,038

 
67,985

 
148

 
69,428

 
69,362

 
133

Selling, general and other costs
 
4,691

 
4,673

 
18

 
5,608

 
5,584

 
24

Research and development costs
 
2,911

 
2,911

 
—

 
2,249

 
2,249

 
—

Result from investments
 
159

 
(16
)
 
175

 
201

 
53

 
148

Gains on disposal of investments
 
7

 
7

 
—

 
—

 
—

 
—

Restructuring costs
 
195

 
195

 
—

 
26

 
26

 
—

Net financial expenses
 
784

 
784

 
—

 
801

 
801

 
—

Profit before taxes
 
2,091

 
1,828

 
263

 
3,027

 
2,795

 
232

Tax expense
 
969

 
943

 
26

 
868

 
840

 
28

Result from intersegment investments
 
—

 
237

 
—

 
—

 
204

 
—

Net profit from continuing operations
 
1,122

 
1,122

 
237

 
2,159

 
2,159

 
204

Profit from discontinued operations, net of tax
 
3,970

 
3,970

 
—

 
180

 
180

 
—

Net profit
 
5,092

 
5,092

 
237

 
2,339

 
2,339

 
204

 
 
 
 
 
 
 
 
 
 
 
 
 
Adjusted EBIT
 
4,553

 
4,290

 
263

 
4,907

 
4,674

 
233




fcagrouplogoa01.jpg

Statement of Financial Position by activity
Unaudited
 
 
At September 30, 2019
 
 
At December 31, 2018
 
(€ million)
 
Group
 
Industrial activities
 
Financial services
 
Group
 
Industrial activities
 
Financial services
Assets
 
 
 
 
 
 
 
 
 
 
 
 
Goodwill and intangible assets with indefinite useful lives
 
14,722

 
14,722

 
—

 
13,970

 
13,970

 
—

Other intangible assets
 
12,097

 
12,093

 
4

 
11,749

 
11,745

 
4

Property, plant and equipment
 
28,287

 
28,284

 
3

 
26,307

 
26,305

 
2

Investments and other financial assets
 
2,918

 
3,354

 
1,577

 
2,979

 
3,364

 
1,416

Deferred tax assets
 
1,753

 
1,721

 
32

 
1,814

 
1,778

 
36

Inventories
 
11,474

 
11,474

 
—

 
10,694

 
10,694

 
—

Assets sold with a buy-back commitment
 
2,208

 
2,208

 
—

 
1,707

 
1,707

 
—

Trade receivables
 
2,211

 
2,213

 
41

 
2,048

 
2,050

 
20

Receivables from financing activities
 
3,412

 
1,363

 
3,408

 
3,614

 
1,213

 
3,697

Tax receivables
 
375

 
381

 
4

 
490

 
483

 
7

Other assets
 
4,994

 
4,984

 
10

 
4,250

 
4,239

 
11

Cash and cash equivalents
 
15,974

 
15,852

 
122

 
12,450

 
12,275

 
175

Assets held for sale
 
51

 
51

 
—

 
4,801

 
4,861

 
—

TOTAL ASSETS
 
100,476

 
98,700

 
5,201

 
96,873

 
94,684

 
5,368

Equity and Liabilities
 
 
 
 
 
 
 
 
 
 
 
 
Equity
 
27,606

 
27,606

 
2,008

 
24,903

 
24,903

 
1,782

Employee benefits liabilities
 
8,903

 
8,901

 
2

 
8,470

 
8,468

 
2

Provisions
 
15,200

 
15,196

 
9

 
16,044

 
16,054

 
9

Deferred tax liabilities
 
1,303

 
1,303

 
—

 
937

 
937

 
—

Debt
 
15,085

 
13,479

 
2,965

 
14,528

 
12,379

 
3,364

Trade payables
 
21,585

 
21,584

 
40

 
19,229

 
19,221

 
18

Other financial liabilities
 
442

 
442

 
—

 
207

 
207

 
—

Tax payables
 
104

 
82

 
32

 
115

 
97

 
28

Other liabilities
 
10,221

 
10,080

 
145

 
9,509

 
9,346

 
165

Liabilities held for sale
 
27

 
27

 
—

 
2,931

 
3,072

 
—

TOTAL EQUITY AND LIABILITIES
 
100,476

 
98,700

 
5,201

 
96,873

 
94,684

 
5,368





fcagrouplogoa01.jpg

Statement of Cash Flows by activity
Unaudited


 
For the nine months ended
September 30, 2019
 
 
For the nine months ended
September 30, 2018
 
(€ million)
 
Group
 
Industrial activities
 
Financial services
 
Group
 
Industrial activities
 
Financial services
CASH FLOW FROM OPERATING ACTIVITIES:
 
 
 
 
 
 
 
 
 
 
 
 
Net profit from continuing operations
 
1,122

 
1,122

 
237

 
2,159

 
2,159

 
204

Amortization and depreciation
 
4,080

 
4,078

 
2

 
4,175

 
4,174

 
1

Net losses/(gains) on disposal of non-current assets and other non-cash items
 
1,497

 
1,433

 
(173
)
 
29

 
(17
)
 
(158
)
Dividends received
 
66

 
69

 
—

 
75

 
96

 
—

Change in provisions
 
(1,390
)
 
(1,390
)
 
—

 
618

 
618

 
—

Change in deferred taxes
 
469

 
465

 
4

 
221

 
213

 
8

Change in items due to buy back commitments
 
122

 
122

 
—

 
322

 
322

 
—

Change in working capital
 
436

 
444

 
(8
)
 
(1,976
)
 
(1,993
)
 
17

Cash flows (used in)/from operating activities - discontinued operations
 
(308
)
 
(308
)
 
—

 
340

 
340

 
—

TOTAL
 
6,094

 
6,035

 
62

 
5,963

 
5,912

 
72

CASH FLOWS (USED IN)/FROM INVESTING ACTIVITIES:
 
 
 
 
 
 
 
 
 
 
 
 
Investments in property, plant and equipment and intangible assets
 
(5,482
)
 
(5,481
)
 
(1
)
 
(3,785
)
 
(3,784
)
 
(1
)
Proceeds from the sale of non-current assets
 
60

 
60

 
—

 
38

 
38

 
—

Net cash proceeds from disposal of discontinued operations
 
5,348

 
5,348

 
—

 
—

 
—

 
—

Net change in receivables from financing activities
 
96

 
61

 
35

 
(388
)
 
(44
)
 
(344
)
Change in securities
 
15

 
15

 
—

 
(184
)
 
(184
)
 
—

Other changes
 
27

 
27

 
—

 
13

 
13

 
—

Cash flows used in investing activities - discontinued operations
 
(155
)
 
(155
)
 
—

 
(415
)
 
(415
)
 
—

TOTAL
 
(91
)
 
(125
)
 
34

 
(4,721
)
 
(4,376
)
 
(345
)
CASH FLOWS (USED IN)/FROM FINANCING ACTIVITIES:
 
 
 
 
 
 
 
 
 
 
 
 
Net change in debt and other financial assets/liabilities
 
(1,006
)
 
(862
)
 
(144
)
 
(1,957
)
 
(2,215
)
 
258

Capital increase
 
—

 
—

 
—

 
11

 
11

 
—

Distributions paid
 
(3,056
)
 
(3,056
)
 
(3
)
 
(1
)
 
(1
)
 
(21
)
Cash flows from/(used in) financing activities - discontinued operations
 
325

 
325

 
—

 
(61
)
 
(61
)
 
—

TOTAL
 
(3,737
)
 
(3,593
)
 
(147
)
 
(2,008
)
 
(2,266
)
 
237

Translation exchange differences
 
539

 
541

 
(2
)
 
54

 
69

 
(15
)
TOTAL CHANGE IN CASH AND CASH EQUIVALENTS
 
2,805

 
2,858

 
(53
)
 
(712
)
 
(661
)
 
(51
)
 
 
 
 
 
 
 
 
 
 
 
 
 
CASH AND CASH EQUIVALENTS AT BEGINNING OF THE PERIOD
 
12,450

 
12,275

 
175

 
12,638

 
12,423

 
215

ADD: CASH AND CASH EQUIVALENTS AT BEGINNING OF THE PERIOD - INCLUDED WITHIN ASSETS HELD FOR SALE
 
719

 
719

 
—

 
—

 
—

 
—

TOTAL CHANGE IN CASH AND CASH EQUIVALENTS
 
2,805

 
2,858

 
(53
)
 
(712
)
 
(661
)
 
(51
)
LESS: CASH AND CASH EQUIVALENTS AT END OF THE PERIOD - INCLUDED WITHIN ASSETS HELD FOR SALE
 
—

 
—

 
—

 
508

 
508

 
—

CASH AND CASH EQUIVALENTS AT END OF THE PERIOD
 
15,974

 
15,852

 
122

 
11,418

 
11,254

 
164



fcagrouplogoa01.jpg

Net Debt by activity
Unaudited
 
 
At September 30, 2019
 
 
At December 31, 2018
 
(€ million)
 
Group
 
Industrial activities
 
Financial services
 
Group
 
Industrial activities
 
Financial services
Third parties debt (Principal)
 
(15,037
)
 
(13,228
)
 
(1,809
)
 
(14,575
)
 
(12,169
)
 
(2,406
)
Capital market(1)
 
(8,055
)
 
(7,625
)
 
(430
)
 
(8,112
)
 
(7,699
)
 
(413
)
Bank debt
 
(4,598
)
 
(3,415
)
 
(1,183
)
 
(5,320
)
 
(3,772
)
 
(1,548
)
Other debt(2)
 
(727
)
 
(533
)
 
(194
)
 
(882
)
 
(437
)
 
(445
)
Lease liabilities(3)
 
(1,657
)
 
(1,655
)
 
(2
)
 
(261
)
 
(261
)
 
—

Accrued interest and other adjustments(4)
 
(48
)
 
(45
)
 
(3
)
 
47

 
47

 
—

Debt with third parties from continuing operations (excluding Magneti Marelli)
 
(15,085
)
 
(13,273
)
 
(1,812
)
 
(14,528
)
 
(12,122
)
 
(2,406
)
Debt classified as held for sale
 
—

 
—

 
—

 
(177
)
 
(177
)
 
—

Debt with third parties including discontinued operations
 
(15,085
)
 
(13,273
)
 
(1,812
)
 
(14,705
)
 
(12,299
)
 
(2,406
)
Intercompany, net(5)
 
—

 
947

 
(947
)
 
—

 
560

 
(560
)
Current financial receivables from jointly-controlled financial services companies(6)
 
133

 
133

 
—

 
242

 
242

 
—

Debt, net of intercompany, and current financial receivables from jointly-controlled financial service companies, including discontinued operations
 
(14,952
)
 
(12,193
)
 
(2,759
)
 
(14,463
)
 
(11,497
)
 
(2,966
)
Derivative financial assets/(liabilities), net of collateral deposits, from continuing operations(7)
 
(241
)
 
(241
)
 
—

 
151

 
150

 
1

Current debt securities(8)
 
234

 
234

 
—

 
219

 
219

 
—

Cash and cash equivalents
 
15,974

 
15,852

 
122

 
12,450

 
12,275

 
175

Cash and cash equivalents, current debt securities and Derivative financial assets/(liabilities), net, classified as held for sale(9)
 
—

 
—

 
—

 
725

 
725

 
—

Total Net cash/(debt) including discontinued operations
 
1,015

 
3,652

 
(2,637
)
 
(918
)
 
1,872

 
(2,790
)
Net industrial cash/(debt) from continuing operations (excluding Magneti Marelli)(10)
 
 
 
3,652

 
 
 
 
 
1,768

 
 
Net industrial cash/(debt) from discontinued operations(10)
 
 
 
—

 
 
 
 
 
104

 
 
Total Net industrial cash/(debt)
 
 
 
3,652

 
 
 
 
 
1,872

 
 
________________________________________________________________________________________________________________________________________________
Note: The assets and liabilities of Magneti Marelli have been classified as Assets held for sale and Liabilities held for sale within the Consolidated Statement of Financial Position at December 31, 2018. The disposal of Magneti Marelli was completed on May 2, 2019.
(1) Includes notes issued under the Medium Term Programme, or MTN Programme, and other notes (€7,612 million at September 30, 2019 and €7,699 million at December 31, 2018) and other debt instruments (€443 million at September 30, 2019 and €413 million at December 31, 2018) issued in financial markets, mainly from LATAM financial services companies.
(2) Includes asset-backed financing, i.e. sales of receivables for which de- recognition is not allowed under IFRS (€186 million at September 30, 2019 and €464 million at December 31, 2018), and other debt.
(3) Includes Lease liabilities determined in accordance with IFRS 16 - Leases effective January 1, 2019, which resulted in an increase in Lease liabilities of €1,069 million, of which €1,067 million related to the Industrial activities. Finance leases previously included in Other debt have been reclassified to Lease liabilities.
(4) Includes adjustments for fair value accounting on debt and net (accrued)/deferred interest and other amortizing cost adjustments.
(5) Net amount between industrial activities entities' financial receivables due from financial services entities (€1,153 million at September 30, 2019 and €958 million at December 31, 2018) and industrial activities entities' financial payables due to financial services entities (€206 million at September 30, 2019 and €398 million at December 31, 2018).
(6) Financial receivables due from FCA Bank.
(7) Fair value of derivative financial instruments (net negative €288 million at September 30, 2019 and net positive €90 million at December 31, 2018) and collateral deposits (€47 million at September 30, 2019 and €61 million at December 31, 2018).
(8) Excludes certain debt securities held pursuant to applicable regulations (€47 million at September 30, 2019 and €72 million at December 31, 2018).
(9) At December 31, 2018 this amount included current debt securities of €9 million and there were no collateral deposits classified as held for sale.
(10) Amounts above include balances between Magneti Marelli and other companies of the Group (net financial payables due from Magneti Marelli to other group companies of €444 million at December 31, 2018, and nil at September 30, 2019, following the sale of Magneti Marelli on May 2, 2019.)