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Hello and welcome to the Stellantis Q2 2026 Financial Results Call. You will have the opportunity to ask questions at the end of the call by typing £5 on your telephone keypad. Please do not exceed one question per person and, if necessary, an additional one. I now give the floor to Mr. Charlie Christman, Head of Investor Relations, to begin today's conference. Sir, the floor is yours.

Thank you. Hello, everyone, and thank you for joining us today as we review the Stellantis Q2 2026 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 Filosa, Chief Executive Officer, and Joao Laranjo, Chief Financial Officer. After their prepared remarks, Antonio and Joao 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 on page two of today's presentation. As customary, the call will be governed by that language. Now, I will hand the call over to Antonio Filosa, Chief Executive Officer of Stellantis.

Thank you, Charlie. And thank you all very much for joining us today as we discuss our quarter two results. Our second quarter execution and financial performance reflect the meaningful progress that the team and I have been focused on delivering over the last 12 months. All key financial metrics are significantly improved year over year. Net revenues are up 13%. AOI margin is up 120 basis points. Industrial free cash flow is positive 1 billion euros, up 1 billion euros compared to last year. This year-over-year improvement gives us confidence in our full year 26 financial guidance, which we are reaffirming again today, including our expectation that we will have positive industrial free cash flow in 2027. We set out our Fast Lane 2030 strategy and its financial targets at our May 21st investor day. And these Q2 results demonstrate that we are very much on track in our journey towards those targets. In Q2, we made strong and significant progress on industrial execution. Through the good work of our operating teams, we have stabilized production and are running our plants much more efficiently. Year over year, overall production efficiency was improved 870 basis points in North America and 170 basis points in Europe. We also kept improving quality. With three months in service, quality improving 38% in North America and 24% in Europe. And we are making encouraging daily progress in the implementation of our value creation program, VCP. And as we shared with you at Investor Day, partnerships are a key pillar of our Fastlane 2030 plan. The announcements we made give you a strong sense on how attractive Stellantis is as a strategic partner both to other OEMs and to leading names in the tech space. We are also making good progress with the execution of our large-scale new product plan. One of the key strategies in our Fastlane 2030 plan is to invest in our brands, invest in our products, and expand market coverage. In line with this plan, we are excited to have introduced the all-new RAM 1500 TRX SRT, the DS number 7, and the Fiat Grande Panda IC in H1. alongside six refreshed vehicles including Opel Astra, Chrysler Pacifica and Peugeot 408 which is gaining strong momentum in Turkey. The Ram Dakota introduced in Brazil in early 26 is also delivering strong sales performance in the region's largest profit pool. We look forward to the nine remaining new and refreshed vehicles still to come this year. And we are laser focused on executing every one of these launches on time with the right cost and with the right quality. Now let me touch on some Q2 highlights from a regional perspective. In North America, we keep making significant progress and improving performance, powered by our great brands, our great products, and our great people. Sales in Q2 were up 6% year-over-year for a fourth consecutive quarter of year-over-year gains. REM was up 12% year-over-year. Chrysler was up 54% with the launch of the new Pacifica. And Jeep Grand Wagoneer also posted significant gains. Overall, market share was up 40 basis points in North America, including 50 basis points in the U.S. Canada market share was also sliding up, and Mexico with its strongest second quarter on record. Let me share a few highlights on REM. The REM1500 was a key driver of both volume growth and profitability in the quarter, with strong demand for the reintroduction of the legendary AME V8 engine. Building on that momentum, We are now shipping the highly profitable Ram 1500 TRX SRT to customers, just six months after its unveiling. This is the first off-road product from our SRT performance division, which we relaunched only one year ago. This product follows the Dodge Durango SRT, launched in December 25, and the SRT bus call truck, the Ram Rumblebee, arrives later this year, right on plan. As we presented during Investor Day, SRT brings unique capabilities and the powerful halo effect across all our lineup, while delivering margins from two to three times higher than comparable non-SRT variants. Still on the product side, We have the upcoming Jeep Recon BEV and Jeep Grand Wagoneer REV launch coming this year. Now a few words also on our U.S. dealer inventory. The increase seen in June was the result of a proactive decision to support new product launches and powertrain offerings, such as the Ram Hemis, for instance, ahead of the sale that we expect to achieve in the coming months. It was also driven by a temporary build-up in advance of our planned summer production shutdowns. Based on preliminary sales rates in July, we expect that in July you will see inventory already reduced from June levels. Turning to Europe. Growth in Europe was driven by strong demand for smart car platform nameplates, such as Citroën C3 and C3 Aircross. Opel Frontera, Fiat Grande Panda, resulting in a 3% EOR increase in Stellantis brand sales in Q2. Including LEAP model, sales were up 7% EOR, supported by the success of the T03 and the B10. This growth also reflects the acceleration we are seeing in the European passenger car BV markets. where Stellantis BV sales increased by 20% year-over-year and by 61% year-over-year when including LEAP model. In light commercial vehicles, our Pro-1 division maintains the number one position in the Euro 30 with over 28% market share. The ongoing product offensive in Europe will further strengthen our growth drivers. First through the expansion of the smart car portfolio with the upcoming Fiat Grizzly and Fiat Fastback. We will also have a broader coverage of the CSUV segment with the new Jeep Compass 4xe as well as the recently launched DS number 7 and the upcoming Lancia Gamma. Finally, LEAP model represents another important growth leader and keeps gaining commercial momentum. Quarter to 26, sales increased sixfold year over year, making Leap Modern the fifth largest Chinese automotive brand in the region. Turning to South America, we maintained our clear overall leadership position in the region. We are number one in the region's two major markets with over 26% market share in both Brazil and Argentina. We also further strengthen our leadership in PCAS track in Brazil, home of the region's largest profit pool, with REM sales increasing by 10% year over year. Moving now to Middle East and Africa. We delivered the resilience results in a declining market, with market share increasing 20 basis points despite an 8% decline in total industry volumes. The region achieved the number one position in light commercial vehicles and maintained its number two position overall. Lastly, in APAC, June deliveries reached a six-month high, and we have localized Leap Motor branded vehicle assembly in Malaysia for C10 with the B10 launch on track for the third quarter. We also announced the partnership with Dongfeng to develop and manufacture Peugeot and Jeep models in China. So in summary, we are continuing the positive trend of quarter one with significant year-over-year improvements in all financial metrics. And our strong discipline execution keeps driving significant improvements both in quality and industrial efficiency. Let me now hand you to João to walk you through the numbers. João?