Meeting: third quarter 2012 results - Fiat SpA

Trading profit was €2,827 million. Excluding Chrysler, trading profit was €243 million compared to
€921 million in the same period of 2011. For Luxury and Performance brands, trading profit increased 10% to
€264 million, while Components reported a 25% decrease to €122 million.
EBIT was €2,770 million. Excluding Chrysler, EBIT was €175 million (compared to €2,215 for 2011); net of
unusuals, EBIT totaled €319 million.
Net financial expense totaled €1,237 million. Excluding Chrysler, net financial expense was €612 million,
compared to €632 million for the same period in 2011. Net of the impact of the mark-to-market of the Fiat
stock option-related equity swaps (a €30 million gain for the nine months to September 2012 and a
€115 million loss for the same period in 2011), net financial expense increased by €125 million mainly
reflecting higher debt levels.
Profit before taxes was €1,533 million. Excluding Chrysler, there was a €437 million loss compared to a
€1,583 million profit in 2011. Net of unusuals, the loss was €293 million in 2012, compared to a profit of
€362 million for the same period in 2011; the €655 million difference over the nine months to September
2011 mainly reflects the €678 million decrease in trading profit.
Income taxes totaled €510 million. Excluding Chrysler, income taxes were €363 million and related primarily
to the taxable income of companies operating outside Europe and employment-related taxes in Italy.
Net profit was €1,023 million for the nine months to September. Profit attributable to the owners of the
parent totaled €246 million. Excluding Chrysler, there was an €800 million loss, compared to a €1,207 million
profit for 2011; excluding unusuals, the loss was €656 million, compared to a €37 million loss for the nine
months to September 2011.
Net industrial debt at 30 September 2012 was €6.7 billion, compared to €5.5 billion at year-end 2011.
Chrysler improved net industrial debt by €1.8 billion, partially offsetting absorption of €3.0 billion for the rest
of the Group. Capital expenditure totaled €5.3 billion (of which €2.1 billion for Fiat excluding Chrysler),
progressing in line with full-year expectation.
3
Q3 2012