Stellantis N.V.

Hello, I welcome to Stellantis half year 2025 results. And I had the opportunity to host today, Mr. Ed Dittmeyer, head of investor relations, to begin today's conference.

Thank you. Thank you, George. Hello everyone, and thank you for joining us today as we review Stellantis' first half 2025 results. Earlier today, the presentation material for this call, along with the related press release, were posted under the investor section of the Stellantis Group website. Today, our call is hosted by Antonio Felosa, chief executive officer, and Doug Osterman, chief financial officer. After their prepared remarks, Antonio and Doug will be available to answer questions from the analysts. Before we begin, I want to point out that any forward-looking statements we might make during today's call are subject to the risks and uncertainties mentioned in the Safe Harbor statement included in page two of today's presentation. As customary, the call will be governed by that language. Now, I'll hand over the call to Antonio Felosa, chief executive officer, Stellantis. Thank

you. Good afternoon and good morning to everyone, and thank you all for joining us today. Before we dive into the presentation, I just want to say that it is a great privilege for me to talk to you today for the first time as Stellantis' CEO. I want to thank you for your interest in our company and the time and effort you put into understanding our performance, our perspectives, and our plans. Just a few words about me before I start. I have spent over 25 years working at this company. I have learned a lot about what drives performance and what gets in the way of performance, as well as the enduring value of our brands and the need to constantly ensure that they remain relevant. Most importantly, I have learned about the importance of our people and our culture. I believe in empowering our teams, encouraging them to be thoughtful, open, and decisive. I don't like blame. I like responsibility and accountability. And I like to be clear with our teams about the challenges we face and the opportunities we can unlock by acting with courage, with energy, and yes, with joy. These are simple observations, I know, but they are not simplistic. They will be at the heart of the way we will work together. If we have lost some of these in recent times, we are here to put that right, rolling up our sleeves, running towards the difficult decisions, and moving ahead. So let's begin with a summary overview of H1 and the outlook for H2. 2025 has been and will be a tough year, and these H1 results make that very clear. At the same time, we are making progress on our product wave and beginning to see early, but encouraging improvement. Our new leadership team is in place and is committed to taking the decisive actions. Our key commercial KPIs are much stronger now than they were six or 12 months ago. And the second half is a range of new products that will catalyze growth. We are establishing our financial guidance. What we want to achieve for the rest of the year is a gradual, sequential acceleration. We do that by launching new products, improving our execution, and by taking all the tough decisions needed as we start doing in H1. Now, I will ask Doug to walk us through the H1 financial review.