Stellantis N.V. (STLA) Q4 2022 Earnings Call Transcript

For the period ending December 31, 2021

February 22, 2023 8:00 a.m. ET

Prepared Remarks

Questions and Answers

Call Participants

Prepared Remarks:

Operator

Hello and welcome to the Stellantis Full Year 2022 Results.

I will now hand over to our host, Ed Ditmire, Head of Investor Relations, to begin today's conference. Thank you.

Ed Ditmire

Hello, everyone, joining us today as we review Stellantis' full year 2022 results. Earlier today, the presentation material for this call as well as the related press release were posted under the Investor Relations section of the Stellantis Group website.

Today, our call is hosted by Carlos Tavares, the company's Chief Executive Officer; and Richard Palmer, the company's Chief Financial Officer. After both Mr. Tavares and Mr. Palmer present, they will be available to answer questions.

Before we begin, I want to point out that any forward-looking statements that 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 would like to hand the call over to Carlos Tavares, CEO of Stellantis.

Carlos Tavares

Thank you, Ed, and welcome to all of you. We really value your time and I would like to thank you for your interest in Stellantis.

Let's get started. It's an understatement to say that 2022 has been a challenging year. It has been a year where we saw rising geopolitical tensions, regulatory chaos, supply chain disruptions, strong inflation, and despite all of those headwinds, our company has demonstrated once again that we are resilient, that we are an all-weather company, and that we deliver results.

This is a very high-level summary of 2022. I would like to express to each and every of the Stellantis employees, my sincere and very warm consideration, my deep thanks for what they have done for the company. They have demonstrated that they are a great team, they are resilient, they are focused, they have a great business sense, and here we are to celebrate today the results they have achieved.

I would like also to express my sincere appreciation to our union partners. They have been highly mature, having a perfect understanding of what's going on in the world, understanding that the challenges that are in front of the company right now are external challenges, and because those challenges are external, it's best to align internally to get things done and to execute our strategic plan. So, I would like also to express to our union partners my sincere appreciation.