Documentos de Académico
Documentos de Profesional
Documentos de Cultura
2014 2018
January 27, 2016
Before we begin
2018E
Volumes
~7.0M
Net Revenues
~132B
Adjusted EBIT
8.7-9.8B
4.7- 5.5B
0.5-1.0B
2018E
2015A *
Net Revenues
96B
113B
Adjusted EBIT
3.8B
5.3B
Margin %
3.9%
Adjusted
Net Profit
1.1B
2.0B
Net Industrial
(Debt) Cash
(7.7)B
(5.0)B **
4.7%
2018E
May 14
Plan ex-Ferrari
Jan 16
Update
~129B
~136B
Revised Upwards
8.3-9.4B
6.4-7.2%
8.7-9.8B
6.4-7.2%
Revised Upwards
4.5-5.3B
4.7-5.5B
Revised Upwards
1.9-2.4B
4.0-5.0B
Revised Upwards
2014
Q1
5-Year Business
Plan
(May 14)
Executing premium
strategy
Transition away
from mass market
focus in Europe
Jeep globalization
and localization
Q2
Q3
Q4
Increasing volumes
globally
Achieving financial
objectives around
growth, margin,
deleveraging and
liquidity
Q1
Q2
2016
Q3
Q4
U.S. Unsecured
Notes Offering
Ferrari IPO
(April 15)
Issued $3.0B of
USD-denominated
senior unsecured
notes
(Jan 16)
Terminate FCA US
$1.3B Revolving
Credit Facility
(November 15)
To be replaced by 2nd
tranche of 5.0B RCF upon
elimination of ring-fencing
Q2
Spin-off of Ferrari
(October 15)
(December 14)
100M shares of common stock issued on
NYSE
Q1
Removal of FCA US
Ring-fencing
(Expected Q1 16)
Provides free flow of
capital within the Group
Enables unified Group
financing platform
(Dec 15)
19.9
19.2
21.0 21.5
19.5-20.5
19.9
19.5
18.0
20.0
17.5 18.0
Current Plan
16.0-17.0
16.8
16.3
2014
Current Plan
May 14 Plan
2015
17.0
16.9
16.6
2016E
May 14 Plan
NAFTA
IMPLICATIONS
FOR
FCA
U.S.
2018E
6 - 7%
4.2%
operations
2014
2015
2018
May '14 Plan
2018
Current Plan
January 27, 2016
May 14 Plan
6.3
6.0
5.8
5.2
3.6
4.1
3.8
4.0
3.6 4.1
4.4
May 14 Plan
3.3
Current Plan
2.5
2014
2015E
2.0 2.5
IMPLICATIONS
2.6 3.0
2016E
2018E
LATAM
FOR
FCA
Brazil
> 10%
> 7%
3.3%
currency
-1.4%
2014
2015
2018
May '14 Plan
2018
Current Plan
January 27, 2016
37.3
38.1
22.4
May 14 Plan
42.5
40.0
38.1
46.2
Current Plan
43.0 43.5
39.5 40.0
28.8
26.2
24.5
23.2
23.5
24.0 24.5
2014
2015E
2016E
May 14 Plan
Current Plan
26.7 27.2
APAC
IMPLICATIONS
FOR
FCA
China
vehicles in China
More intense competition from Chinese local brands
Significant weakening of AUD against USD
2018E
8.6%
1.1%
2014
2015
2018
May '14 Plan
2018
Current Plan
January 27, 2016
22.0
22.5
22.7-23.2
16.1
16.1 16.6
May 14 Plan
24.5-25.0
Current Plan
16.7 -17.2
Current Plan
May 14 Plan
14.7
14.2
2014
14.7
2015
16.1
15.2
2016E
FOR
FCA
2018E
EMEA
IMPLICATIONS
EU28+EFTA
vehicles
1.0%
-0.2%
2014
2015
2018
May '14 Plan
2018
Current Plan
January 27, 2016
10
~15%
all-new Levante
9.9%
2014
4.4%
2015
2018
May '14 Plan
2018
Current Plan
COMPONENTS
2018 MARGIN TARGET INCREASED
>6%
4.0%
2014
2015
2018
May '14 Plan
2018
Current Plan
January 27, 2016
11
NAFTA
EMEA
LATAM
APAC
~1,900
63K
58K
35K
2K
1,238
158
233
+162%
205
(16)
Discontinued
Model
+288%
All
New
Compass
Renegade
+371%
151
338
88
81
+284%
+144%
2009
Wrangler
Gr. Cherokee
Cherokee
Patriot
Commander
2015
LATAM
APAC
2014-2018 Business Plan Update
2018E
Revised
Production
~1,100k
NAFTA
EMEA
2018E
Original
2014
~200k
2015
~200k
~500k
January 27, 2016
12
4C
4C Spider
Giulietta
Mito
Giulia
(2016)
Mid-size
UV
(2016/17)
Full-size
UVs (2)
Specialty (2)
Hatchback
13
2009
shift
15%
56%
29%
10 ppts
17%
46%
37%
8 ppts
Action Plan
2015
2 ppts
Passenger
Cars
UVs
MPVs
Truck/ LCV
14
Measures fuel
economy and CO2
Footprint based
Car / truck fleets
Zero emission req.
Prioritize vehicle
efficiency improvements and
powertrain technologies
(1st application)
Plans in place to be
compliant in all regions
2014-2018 Business Plan Update
Measures CO2
Measures CO2
Measures CO2
Vehicle weight
based
Vehicle weight
based
Based on engine
size
One fleet
Separate import
and export fleets
15
FCA Regulatory
Target
Compliance
Zone
Lower is
Better
FCA
Status
16
CO2 (grams/mile)
Current 4 door
Jeep Wrangler*
Current
T&C*
Next Generation
4-door Wrangler*
Requirement
2015
2018
2022
Next Generation
4-door Wrangler with:
next gen powertrains
mild hybrid
Chrysler Pacifica*
Next Generation
Ram 1500 with:
next gen powertrains
mild hybrid
Next Generation
4-door Wrangler Diesel
Next Generation
4-door Wrangler HEV
Chrysler
Pacifica PHEV
Next generation architectures become compliant with adaptation of advanced powertrain systems
and reduced vehicle energy demand through:
Significant weight reduction with extensive use of high strength steel and alternative materials
Active aero systems to reduce drag
Advanced electronic systems such as axle disconnect and electric steering systems
2014-2018 Business Plan Update
17
In light of recent sector issues related to vehicle emissions, FCA has taken the following
actions:
The audit revealed all current production vehicle calibrations are compliant with
applicable regulations and they operate in the same way on the road as they do in the
laboratory under the same operating conditions.
Formalized compliance training for all software and emission calibration engineers
Established a best practice calibration and certification oversight group
Instituted regular internal and supplier software and calibration audits
Formalized a random, on-road emissions audit testing program
18
Key takeaways
19
Refer to the presentation of FCA 2015 Full Year Results for a reconciliation of FCAs supplemental financial measures to their most directly comparable IFRS measures.
20
21