• Q1 FCA Q1 2019 RESULTS | MAY 3, 2019

• This document, and in particular the section entitled “FY 2019 guidance”, contains forward-looking statements. In particular, these forward-looking statements include statements regarding future financial performance and the Company’s expectations as to the achievement of certain targeted metrics, including net cash/(debt) and net industrial cash/(debt), revenues, industrial free cash flows, vehicle shipments, capital investments, research and development costs and other expenses at any future date or for any future period are forward-looking statements. These statements may include terms such as “may”, “will”, “expect”, “could”, “should”, “intend”, “estimate”, “anticipate”, “believe”, “remain”, “on track”, “design”, “target”, “objective”, “goal”, “forecast”, “projection”, “outlook”, “prospects”, “plan”, or similar terms. Forward-looking statements are not guarantees of future performance. Rather, they are based on the Group’s current state of knowledge, future expectations and projections about future events and are by their nature, subject to inherent risks and uncertainties. They relate to events and depend on circumstances that may or may not occur or exist in the future and, as such, undue reliance should not be placed on them.

• Actual results may differ materially from those expressed in forward-looking statements as a result of a variety of factors, including: the Group’s ability to launch new products successfully and to maintain vehicle shipment volumes; changes in the global financial markets, general economic environment and changes in demand for automotive products, which is subject to cyclicality; changes in local economic and political conditions, changes in trade policy and the imposition of global and regional tariffs or tariffs targeted to the automotive industry, the enactment of tax reforms or other changes in tax laws and regulations; the Group’s ability to expand certain of the Group’s brands globally; the Group’s ability to offer innovative, attractive products; the Group’s ability to develop, manufacture and sell vehicles with advanced features including enhanced electrification, connectivity and autonomous-driving characteristics; various types of claims, lawsuits, governmental investigations and other contingencies affecting the Group, including product liability and warranty claims and environmental claims, investigations and lawsuits; material operating expenditures in relation to compliance with environmental, health and safety regulations; the intense level of competition in the automotive industry, which may increase due to consolidation; exposure to shortfalls in the funding of the Group’s defined benefit pension plans; the Group’s ability to provide or arrange for access to adequate financing for the Group’s dealers and retail customers and associated risks related to the establishment and operations of financial services companies, including capital required to be deployed to financial services; the Group’s ability to access funding to execute the Group’s business plan and improve the Group’s business, financial condition and results of operations; a significant malfunction, disruption or security breach compromising the Group’s information technology systems or the electronic control systems contained in the Group’s vehicles; the Group’s ability to realize anticipated benefits from joint venture arrangements; the Group’s ability to successfully implement and execute strategic initiatives and transactions, including the Group’s plans to separate certain businesses; disruptions arising from political, social and economic instability; risks associated with our relationships with employees, dealers and suppliers; increases in costs, disruptions of supply or shortages of raw materials; developments in labor and industrial relations and developments in applicable labor laws; exchange rate fluctuations, interest rate changes, credit risk and other market risks; political and civil unrest; earthquakes or other disasters and other risks and uncertainties.

• Any forward-looking statements contained in this document speak only as of the date of this document and the Company disclaims any obligation to update or revise publicly forward-looking statements. Further information concerning the Group and its businesses, including factors that could materially affect the Company’s financial results, is included in the Company’s reports and filings with the U.S. Securities and Exchange Commission, the AFM and CONSOB. SAFE HARBOR STATEMENT

• Transaction Closed, extraordinary dividend TO BE PAID MAGNETI MARELLI SALE Sale to calsonic kansei successfully closed on May 2 creating one of the world’s largest independent automotive suppliers with ~$15 billion in sales

• Cash Proceeds of €5.8 Billion received, subject to potential adjustments upon completion of customary final review of Magneti Marelli’s financial position as of May 2

• Extraordinary cash DIVIDEND of €1.30 PER SHARE APPROVED BY BOARD OF DIRECTORS corresponding to a total distribution of ~€2 billion, with ex-date May 20 2019, record date May 21 2019 and payment on May 30 2019

• GROUP RESULTS PRESENTED HEREIN EXCLUDE MAGNETI MARELLI, unless otherwise noted, for comparability with previously provided guidance. In accordance with IFRS, Magneti Marelli is presented as a discontinued operation in the Group’s financial statements for current and prior periods.

• BUSINESS HIGHLIGHTS EXECUTING ESSENTIAL ELEMENTS OF BUSINESS PLAN COMMENCEMENT OF ANNUAL ORDINARY DIVIDEND, with €0.65/share paid on May 2 ANNOUNCED $4.5B INVESTMENT in U.S. to expand capacity allowing for 2 new Jeep “white-space” products including electrified variants PARTNERSHIP WITH GROUPE PSA for production of LCVs extended to 2023, with capacity to be increased at Sevel (Italy) joint operation EXECUTED VARIOUS AGREEMENTS LEVERAGING AVAILABLE REGULATORY CREDITS, primarily in U.S. and EU JEEP RENEGADE AND COMPASS PLUG-IN HYBRID ELECTRIC VEHICLES revealed at Geneva International Motor Show in Mar 2019 with production launch in Q1 2020 ALL-NEW RAM HEAVY-DUTY PICKUP launched in North America, with production ramp up proceeding as planned

• KEY COMMERCIAL METRICS LOWER SALES PARTIALLY REFLECTING SLOWING MARKET CONDITIONS NORTH AMERICA LATIN AMERICA ASIA PACIFIC EUROPE, MIDDLE EAST & AFRICA Industry and market share data reflect the following:

• Asia Pacific 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, as well as management’s estimates of industry sales data, which use certain data provided by third party sources. Effective Jan 2019, industry data sourced from China Passenger Car Association.

• Europe, Middle East & Africa reflects aggregate for EU 28 + EFTA markets only and is derived from a combination of passenger car information from European Automobile Manufacturers Association (ACEA) Registration Databases and internal information on LCVs 000 units Q1 2018 Q1 2019

• Combined shipments include shipments by the Group's consolidated subsidiaries and unconsolidated joint ventures, whereas consolidated shipments only include shipments by the Group's consolidated subsidiaries

• Includes €0.4 billion and €0.7 billion related to Magneti Marelli at Mar 31 2019 and Dec 31 2018, respectively FINANCIAL HIGHLIGHTS A CHALLENGING QUARTER, IN LINE WITH EXPECTATIONS * Refer to Appendix for definitions of supplemental financial measures and reconciliations to applicable IFRS metrics

• Q1 2019 ADJUSTED EBIT* WALK LOWER EARNINGS DUE TO ANTICIPATED VOLUME DECLINE, PRINCIPALLY FROM NORTH AMERICA PRODUCT LAUNCH CADENCE AND EMEA SALES CHANNEL MIX OPTIMIZATION BY OPERATIONAL DRIVER€ million Volume & Mix Net Price Industrial Costs SG&A Other Q1 2018 Q1 2019 5.8% 4.4% * Refer to Appendix for definitions of supplemental financial measures and reconciliations to applicable IFRS metrics

• Net of IAS 19 Q1 2019 INDUSTRIAL FREE CASH FLOWS* OUTFLOWS CONTAINED DESPITE LOWER EARNINGS AND WORKING CAPITAL SEASONALITY € million Capex WorkingCapital FinancialCharges& Taxes (1) Changes inProvisions& Other Industrial Free Cash Flows Adjusted Industrial EBITDA * Refer to Appendix for definitions of supplemental financial measures and reconciliations to applicable IFRS metrics

• Q1 2019 ADJUSTED EBIT RESULTS IN LINE WITH EXPECTATIONS 6.5% 7.4% (0.4)% 3.2% 2.3% 11.4% (1.5)% 1.6% 5.4% 3.9% Q1 2018 Q1 2019 NORTH AMERICA LATIN AMERICA ASIA PACIFIC EUROPE, MIDDLE EAST & AFRICA MASERATI € million

• % = Adjusted EBIT margin

• NORTH AMERICA STRONG RESULTS DESPITE KNOWN VOLUME CHALLENGES Q1 ‘18 Volume & Mix Net Price Industrial Costs SG&A Other Q1 ‘19 ADJUSTED EBIT WALK € million

• % = Adjusted EBIT margin 7.4% 6.5% Shipments down 14% primarily from non-repeat of overlapping all-new and prior generation Jeep Wrangler, as well as lower Chrysler and Dodge volumes, partially offset by increased Ram volumes

• Net revenues down slightly, with lower volumes substantially offset by favorable FX and positive pricing

• Adjusted EBIT down primarily from lower shipments and increased compliance costs, partially offset by positive net pricing, as well as lower launch and advertising costs

• ASIA PACIFIC RECENT TREND OF OPERATING LOSSES SIGNIFICANTLY REDUCED ADJUSTED EBIT WALK € million

• % = Adjusted EBIT margin Combined shipments down 30%, primarily in China

• Consolidated shipments down 11%, mainly from decreased India and Australia volumes

• Net revenues reflect favorable mix and FX, offsetting lower volumes and negative pricing

• Adjusted EBIT decrease due to negative volume, price and lower results from China JV, partially offset by improved mix and lower industrial costs 1.6% (1.5)% Q1 ‘18 Volume & Mix Industrial Costs SG&A Other Q1 ‘19 56 53 46 54 39 Net Price

• EUROPE, MIDDLE EAST & AFRICA LOWER RESULTS WHILE TRANSITIONING TO NEW COMMERCIAL STRATEGY ADJUSTED EBIT WALK € million

• % = Adjusted EBIT margin Combined and consolidated shipments down 12%, primarily due to planned optimization of sales channel mix, partially offset by increased Jeep volumes

• Net revenues down 10%, due to lower volumes, partially offset by favorable mix

• Adjusted EBIT down due to lower volumes, negative net pricing and increased industrial costs reflecting unfavorable FX and increased compliance costs 3.2% Q1 ‘18 Volume & Mix Industrial Costs SG&A Other Q1 ‘19 (0.4)% 361 414 281 324 317 Net Price

• LATIN AMERICA POSITIVE PERFORMANCE IN BRAZIL OFFSETS LOWER RESULTS IN ARGENTINA ADJUSTED EBIT WALK € million

• % = Adjusted EBIT margin Shipments down 9%, with increased volumes in Brazil, more than offset by lower volumes due to Argentina market decline

• Net revenues reflect positive net pricing largely driven by one-off recognition of credits related to indirect taxes, offset by lower volumes and negative FX

• Adjusted EBIT up 42% and margin up 150 bps, with positive net pricing, partially offset by lower volumes, negative FX and lower export tax benefits 3.9% 5.4% Q1 ‘18 Volume & Mix Industrial Costs SG&A Other Q1 ‘19 Net Price

• Actions on track to deliver improved Performance in H2 2019 Lower sales across all markets

• Shipments down partially due to planned inventory management actions

• Net revenues and Adjusted EBIT down primarily due to lower volumes

• 2019 INDUSTRY OUTLOOK AND GUIDANCE GUIDANCE CONFIRMED, WITH PERFORMANCE EXPECTED TO EXCEED RECORD 2018 APAC Industry reflects aggregate for major markets where Group competes (China, Australia, Japan, South Korea and India). Effective Jan 2019, industry data sourced from China Passenger Car Association.

• Source: IHS Global Insight, Wards, China Passenger Car Association and Group estimates € billion, except as otherwise stated FY 2019 GUIDANCE * 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 diluted EPS as the income or expense excluded from these non-GAAP financial measures in accordance with our policy are, by definition, not predictable and uncertain. PASSENGER CARS AND LCVs PASSENGER CARS ONLY (1) million units FY 2019 INDUSTRY OUTLOOK Outlook unchanged TOTAL VEHICLE SALES INCLUDING MEDIUM/HEAVY TRUCKS

• APPENDIX

• SUPPLEMENTAL FINANCIAL MEASURES FCA monitors its operations through the use of various supplemental financial measures. These and similar measures are widely used in the industry in which the Group operates, however, these financial measures may not be comparable to other similarly titled measures of other companies and are not intended to be substitutes for measures of financial performance as prepared in accordance with IFRS as issued by the IASB, as well as IFRS adopted by the European Union. Group management believes these supplemental financial measures provide comparable measures of its financial performance which then facilitate management’s ability to identify operational trends, as well as make decisions regarding future spending, resource allocations and other operational decisions.

• FCA’s supplemental financial measures are defined as follows:

• Earnings before interest, taxes, depreciation and amortization (“EBITDA”) is computed starting with Net profit and adding back Net financial expenses, Tax expense/(benefit) and depreciation and amortization expense

• 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) Adjusted net profit is calculated as Net profit from continuing operations excluding post-tax impacts of the same items excluded from Adjusted EBIT, as well as financial income/(expenses) and tax income/(expenses) considered rare or discrete events that are infrequent in nature

• Adjusted diluted EPS is calculated by adjusting Diluted EPS from continuing operations for the impact per share of the same items excluded from Adjusted net profit

• Industrial free cash flows is calculated as Cash flows from operating activities less: cash flows from operating activities from discontinued operations; cash flows from operating activities related to financial services, net of eliminations; investments in property, plant and equipment and intangible assets for industrial activities; adjusted for net intercompany payments between continuing operations and discontinued operations; and adjusted for discretionary pension contributions in excess of those required by the pension plans, net of tax. The timing of Industrial free cash flows may be affected by the timing of monetization of receivables and the payment of accounts payable, as well as changes in other components of working capital, which can vary from period to period due to, among other things, cash management initiatives and other factors, some of which may be outside of the Group’s control.

• KEY FINANCIAL METRICS* ADJUSTED EBIT

• € million ADJUSTED EBIT MARGIN ADJUSTED DILUTED EPS

• € INDUSTRIAL FREE CASH FLOWS

• € million RESULTS FROM CONTINUING OPERATIONS * Refer to definitions of supplemental financial measures and reconciliations to applicable IFRS metrics included herein

• KEY PERFORMANCE METRICS Combined shipments include shipments by the Group's consolidated subsidiaries and unconsolidated joint ventures, whereas consolidated shipments only include shipments by the Group's consolidated subsidiaries

• * Refer to definitions of supplemental financial measures and reconciliations to applicable IFRS metrics included herein

• RECONCILIATION OF NET PROFIT TO ADJUSTED EBIT Q1 2019 Adjusted EBIT excludes adjustments primarily related to:

• Restructuring costs primarily related to LATAM, EMEA and North America

• Impairment expense primarily related to North America

• Credits recognized related to indirect taxes in Brazil

•

• RECONCILIATION OF NET PROFIT TO ADJUSTED NET PROFIT AND DILUTED EPS TO ADJUSTED DILUTED EPS Reflects tax impact on adjustments excluded from Adjusted EBIT noted on Page 20

• RECONCILIATION OF CASH FLOWS FROM OPERATING ACTIVITIES TO INDUSTRIAL FREE CASH FLOWS

• DEBT MATURITY SCHEDULE Includes effects of adoption of IFRS 16, which resulted in a €1.1 billion increase in Lease liabilities (excluding Magneti Marelli) as of Jan 1 2019. Finance leases previously included in Other debt have been reclassified to Lease liabilities.

• Excludes accruals and asset backed financing of €0.3B at Mar 31 2019

• Figures may not add due to rounding

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• RESEARCH AND DEVELOPMENT COSTS AND EXPENDITURES