UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_______________________________
FORM 6-K
_______________________________
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 OF
THE SECURITIES EXCHANGE ACT OF 1934
For the month of August 2021
Commission File No. 001-36675
_______________________________
STELLANTIS N.V.
(Translation of Registrant’s Name Into English)
_______________________________
Singaporestraat 92-100
1175 RA Lijnden
The Netherlands
Tel. No.: +31 20 3421 707
(Address of Principal Executive Offices)
_______________________________
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F x Form 40-F o
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule101(b)(1): o
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule101(b)(7): o
The following exhibits are furnished herewith:
| Exhibit 99.1 | Stellantis N.V. Supplemental information as of and for the six months ended June 30, 2021 | ||||
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Date: August 5, 2021 | STELLANTIS N.V. | ||||||||||
By: | /s/ Richard K. Palmer | ||||||||||
Name: Richard K. Palmer | |||||||||||
Title: Chief Financial Officer | |||||||||||
Index of Exhibits
| Exhibit Number | Description of Exhibit | ||||
| Exhibit 99.1 | Stellantis N.V. Supplemental information as of and for the six months ended June 30, 2021 | ||||
Exhibit 99.1
Income Statement by activity
Unaudited
For the six months ended June 30, 2021(1) | ||||||||||||||||||||
| (€ million) | Group | Industrial activities | Financial services | |||||||||||||||||
Net revenues | 72,610 | 72,543 | 125 | |||||||||||||||||
Cost of revenues | 58,301 | 58,289 | 70 | |||||||||||||||||
Selling, general and other costs | 4,550 | 4,531 | 19 | |||||||||||||||||
Research and development costs | 2,046 | 2,046 | — | |||||||||||||||||
Gains on disposal of investments | 2 | 2 | — | |||||||||||||||||
Restructuring costs | 371 | 371 | — | |||||||||||||||||
| Operating income | 7,344 | 7,308 | 36 | |||||||||||||||||
Net financial expenses/(income) | 217 | 217 | — | |||||||||||||||||
Profit before taxes | 7,127 | 7,091 | 36 | |||||||||||||||||
Tax expense | 1,729 | 1,714 | 15 | |||||||||||||||||
| Share of profit of equity method investees | 402 | 73 | 329 | |||||||||||||||||
Net profit from continuing operations | 5,800 | 5,450 | 350 | |||||||||||||||||
Profit from discontinued operations, net of tax | 990 | 990 | — | |||||||||||||||||
Net profit | 6,790 | 6,440 | 350 | |||||||||||||||||
Pro Forma Adjusted operating income(2) | 8,622 | 8,580 | 42 | |||||||||||||||||
______________________________________________________________________________________________________________________________________________
(1) The merger of Peugeot S.A. (“PSA”) with and into Fiat Chrysler Automobiles N.V. (“FCA”) was completed on January 16, 2021 (“Merger”). On January 17, 2021, the combined company was renamed Stellantis N.V. (“Stellantis” or “Group”). PSA was determined to be the acquirer for accounting purposes, therefore, the historical financial statements of Stellantis represent the continuing operations of PSA, which also reflect the loss of control and the classification of Faurecia S.E. (Faurecia) as a discontinued operation as of January 1, 2021. Acquisition date of business combination was January 17, 2021, therefore, results of FCA for the period January 1 -16, 2021 are excluded from H1 2021 results. The 2020 Financial Statements included in the Stellantis Semi-Annual Report as of and for the six months ended June 30, 2021 represents results of PSA only and therefore have not been included in these Additional Information as they are not comparable. Amounts are subject to change, as the Group’s purchase price allocation (“PPA”) accounting has not been finalized.
(2) The reconciliation of Net profit from continuing operations to Pro Forma Adjusted operating income for the Group is included in the Stellantis Semi-Annual Report As of and for the six months ended June 30, 2021 - Management discussion and analysis - Group results.
Statement of Financial Position by activity
Unaudited
| At June 30, 2021 | ||||||||||||||||||||
| (€ million) | Group | Industrial activities | Financial services | |||||||||||||||||
| Assets | ||||||||||||||||||||
| Goodwill and intangible assets with indefinite useful lives | 28,559 | 28,559 | — | |||||||||||||||||
Other intangible assets | 15,669 | 15,592 | 77 | |||||||||||||||||
Property, plant and equipment | 34,658 | 34,644 | 14 | |||||||||||||||||
Equity method investments | 5,701 | 1,720 | 3,980 | |||||||||||||||||
Deferred tax assets | 1,371 | 1,347 | 25 | |||||||||||||||||
Inventories | 12,181 | 12,161 | 20 | |||||||||||||||||
| Assets sold with a buy-back commitment | 2,370 | 2,370 | — | |||||||||||||||||
| Trade receivables | 3,117 | 3,147 | 110 | |||||||||||||||||
| Tax receivables | 312 | 301 | 18 | |||||||||||||||||
| Other assets and prepaid expenses | 11,483 | 9,318 | 3,010 | |||||||||||||||||
| Financial assets | 1,803 | 2,402 | 145 | |||||||||||||||||
| Cash and cash equivalents | 40,812 | 40,023 | 789 | |||||||||||||||||
| Assets held for sale | 506 | 506 | — | |||||||||||||||||
TOTAL ASSETS | 158,542 | 152,090 | 8,188 | |||||||||||||||||
| Equity and Liabilities | ||||||||||||||||||||
| Equity | 46,738 | 42,076 | 5,385 | |||||||||||||||||
| Employee benefits liabilities | 8,615 | 8,614 | 1 | |||||||||||||||||
| Provisions | 16,002 | 15,908 | 95 | |||||||||||||||||
| Deferred tax liabilities | 4,194 | 4,190 | 4 | |||||||||||||||||
| Debt | 31,359 | 29,854 | 2,365 | |||||||||||||||||
| Trade payables | 27,402 | 27,408 | 115 | |||||||||||||||||
| Other financial liabilities | 416 | 416 | — | |||||||||||||||||
| Tax liabilities | 1,590 | 1,567 | 27 | |||||||||||||||||
| Other liabilities | 21,953 | 21,781 | 196 | |||||||||||||||||
| Liabilities held for sale | 273 | 276 | — | |||||||||||||||||
TOTAL EQUITY AND LIABILITIES | 158,542 | 152,090 | 8,188 | |||||||||||||||||
Statement of Cash Flows by activity
Unaudited
| For the six months ended June 30, 2021 | ||||||||||||||||||||
| (€ million) | Group | Industrial activities | Financial services | |||||||||||||||||
| Consolidated profit from continuing operations | 5,800 | 5,450 | 350 | |||||||||||||||||
Adjustments for non-cash items | ||||||||||||||||||||
| depreciation and amortization | 2,647 | 2,662 | (15) | |||||||||||||||||
| other non-cash movements | (416) | (305) | (111) | |||||||||||||||||
| provisions | (2,440) | (2,447) | 7 | |||||||||||||||||
| change in deferred taxes | 206 | 206 | — | |||||||||||||||||
| (gains) losses on disposals and other | 36 | 36 | — | |||||||||||||||||
| Dividends received from, net of share in net result of, equity method | 117 | 200 | (83) | |||||||||||||||||
| Fair value remeasurement of cash flow hedges | 39 | 39 | — | |||||||||||||||||
| Change in carrying amount of leased vehicles | 391 | 398 | (7) | |||||||||||||||||
Change in working capital(1) | (765) | (602) | (160) | |||||||||||||||||
| Net cash from (used in) operating activities of discontinued operations | — | — | — | |||||||||||||||||
| Net cash from (used in) operating activities | 5,615 | 5,637 | (19) | |||||||||||||||||
| Proceeds from disposals of shares in consolidated companies and of investments in non-consolidated companies | (3) | (4) | 1 | |||||||||||||||||
| Acquisitions of consolidated subsidiaries and equity method investments | (137) | (137) | — | |||||||||||||||||
| Cash and cash equivalents of FCA at the Merger | 22,514 | 22,185 | 329 | |||||||||||||||||
| Proceeds from disposals of property, plant and equipment and intangible assets | 53 | 53 | — | |||||||||||||||||
| Investments in property, plant and equipment and intangible assets | (4,623) | (4,614) | (9) | |||||||||||||||||
| Change in amounts payable on property, plant and equipment and intangible assets | (368) | (368) | — | |||||||||||||||||
| Net change in receivables from financing activities | (560) | 67 | (693) | |||||||||||||||||
| Other | 48 | 48 | — | |||||||||||||||||
| Net cash from (used in) investing activities of discontinued operations | (3,117) | (3,117) | — | |||||||||||||||||
| Net cash from (used in) investing activities | 13,807 | 14,113 | (372) | |||||||||||||||||
| Dividends paid | (4,199) | (4,199) | — | |||||||||||||||||
| Proceeds from issuance of shares | 242 | 242 | — | |||||||||||||||||
| (Purchases) sales of treasury shares | (2) | (2) | — | |||||||||||||||||
| Changes in debt and other financial assets and liabilities | 2,200 | 1,686 | 577 | |||||||||||||||||
| Change in securities | — | — | — | |||||||||||||||||
| Other | (42) | (48) | 6 | |||||||||||||||||
| Net cash from (used in) financing activities of discontinued operations | — | — | — | |||||||||||||||||
| Net cash from (used in) financing activities | (1,801) | (2,321) | 583 | |||||||||||||||||
| Effect of changes in exchange rates | 298 | 293 | 5 | |||||||||||||||||
| Increase (decrease) in cash from held for sale | — | — | — | |||||||||||||||||
| Increase (decrease) in cash | 17,919 | 17,722 | 197 | |||||||||||||||||
| Net cash and cash equivalents at beginning of period | 22,893 | 22,301 | 592 | |||||||||||||||||
| NET CASH AND CASH EQUIVALENTS AT END OF PERIOD | 40,812 | 40,023 | 789 | |||||||||||||||||
(1) Change in working capital for Financial Services include movements related to Banque Peugeot Finance that are classified consistent with its published Financial Statements.