Meeting: third quarter 2012 results - Fiat SpA

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Teksid Teksid posted revenues of €183 million for the third quarter, down 20% over the same period in 2011. Lower volumes for the Cast Iron business unit (-20%) were partially offset by a 10% increase for the Aluminum business unit. Trading profit totaled €1 million, compared to €12 million for the same quarter in 2011. EBIT was €2 million compared to €12 million for Q3 2011. For the nine months to September, Teksid recorded revenues of €610 million, a 13% year-over-year decrease attributable to lower volumes for both the Cast Iron (-15%) and Aluminum (-7%) business units. Trading profit came in at €7 million, compared to €26 million for the same period in 2011. EBIT totaled €10 million, in line with the nine months to September 2011, which included €18 million in unusual charges. Comau For Q3 2012, Comau recorded revenues of €358 million, a 4% decrease over the prior year principally attributable to the Robotics operations. Order intake for the period totaled €374 million, representing a 46% increase over Q3 2011. Trading profit was €9 million for the quarter, up from €4 million for Q3 2011 primarily due to improved performance for the Body Welding operations. EBIT was €9 million, compared to €4 million for the same period in 2011. For the nine months to September, revenues came in at €1,080 million, an 8% year-over-year increase. Order intake for the period totaled €1,309 million, representing a 7% increase over the same period in 2011. At 30 September 2012, the order backlog totaled €1,013 million, a 21% increase over year-end 2011, primarily attributable to the Body Welding activities. Comau closed the nine months to September with trading profit of €20 million, compared to €8 million for the corresponding period in 2011. EBIT was €19 million compared to a loss of €121 million for the nine months to September 2011, which included unusual charges of €129 million related to goodwill write-down. 16 Q3 2012
Significant events On July 3rd, Fiat notified VEBA of its intention to exercise the option to purchase a portion of VEBA’s ownership interest in Chrysler. That tranche represents approximately 3.3% of Chrysler’s outstanding equity. On September 26th, Fiat announced that Fiat North America (a wholly-owned subsidiary) was seeking a declaratory judgment from the Delaware Court of Chancery confirming the price to be paid for the stake, since the parties had not reached agreement on the purchase price. Upon completion of the purchase, Fiat will hold 61.8% of the outstanding equity in Chrysler. On July 16 th , Fiat issued a €600 million bond (fixed coupon 7.75% due October 2016). The notes – issued by Fiat Finance and Trade Ltd. S.A., a wholly-owned Group subsidiary, and guaranteed by Fiat S.p.A. under the GMTN Program – have been rated Ba3 by Moody’s, BB- by Standard & Poor’s and BB by Fitch. On July 25 th , the Fiat plant in Pomigliano D’Arco was awarded the prestigious “Automotive Lean Production 2012” award in the OEM category, based on the evaluation of a committee of experts selected by the German magazine Automobil Produktion and a leading consultancy firm. On July 26 th , Fiat Group Automobiles S.p.A. (FGA) and PSA Peugeot Citroën signed an agreement for the transfer of FGA’s shareholding in the SevelNord joint venture to PSA Peugeot Citroën on or before December 31st, 2012. SevelNord will continue to produce LCVs for the two groups until Euro 6 emissions standards come into effect at the end of 2016. The agreement does not impact on other co-operations between FGA and PSA Peugeot Citroën, including the Sevel joint-venture located in Val di Sangro (Italy), which will continue as per current contracts. On September 13 th , for the fourth consecutive year, Fiat S.p.A. was included in the Dow Jones Sustainability Indexes (DJSI) World and Europe, receiving a score of 91/100 compared to an overall average of 74/100 for companies in the Automobiles sector evaluated by SAM, the specialists in sustainability investing. Membership in the prestigious DJSI World and DJSI Europe equity indexes is limited to companies judged best-in-class in terms of their economic, as well as environmental and social performance. On September 19 th , Fitch Ratings confirmed its rating on Fiat S.p.A.’s long-term debt at “BB” and short-term at “B”. On October 10th, Moody’s Investors Service lowered the Corporate Family Rating of Fiat S.p.A. from “Ba2” to “Ba3” and consequently, according to their methodology, the rating on the notes issued by Fiat Finance & Trade Ltd. S.A. and Fiat Finance North America, Inc. from “Ba3” to “B1”. The outlook is negative for both agencies. ***** Pursuant to Articles 70 (8) and 71 (1-bis) of the Consob Issuer Regulations, the Board of Directors approved the opt-out from the obligation to publish an information document for significant transactions (e.g., significant mergers, spin-offs, share capital increases by means of in-kind contributions of assets, acquisitions and disposals). 17 Q3 2012
Page 1 and 2: FIAT GROUP CLOSED THIRD-QUARTER WIT
Page 3 and 4: Trading profit was €2,827 million
Page 5 and 6: Results by segment Third quarter FI
Page 7 and 8: Strategic Vision’s “Total Quali
Page 9 and 10: Nine months to September LATAM YTD
Page 11 and 12: EMEA Third Quarter EMEA 3 rd Quarte
Page 13 and 14: LUXURY AND PERFORMANCE BRANDS LUXUR
Page 15: COMPONENTS AND PRODUCTION SYSTEMS C
Page 19 and 20: Consolidated Income Statement (*) U
Page 21: Consolidated Statement of Cash Flow

Meeting: third quarter 2012 results - Fiat SpA

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