H1 2007

Financial ResultsJuly 25th, 2007

Carlos Ghosn, CEOThierry Moulonguet, CFO

1

Key highlights H1 2007

! Unit sales decrease of 3.7%

! 1.4% decrease in Group revenues

! A Group operating margin of 3.5%

! Automotive free cash flow of €1,339 million

! A net income of €1.3 billion

Full-year outlook confirmed

2

France-10.5%

Thousands of units (Cars+LCVs)

Renault group worldwide sales

Europe-8.0%

H1 06 H1 07

World-3.7%

France + Europe

-9.1%

France + Europe

-9.1%

1,3161,267

278.8256.8

H1 06 H1 07

567522

H1 06 H1 07

385 345

3

11%

17% 17% 17%19%

23%

27%

30%

≥ 40%

0100200300400500600700800900

1,0001,1001,2001,3001,400

1999 2000 2001 2002 2003 2004 2005 2006 20090%

5%

10%

15%

20%

25%

30%

35%

40%

Group internationalization Group sales in Asia-Africa + Americas + Euromed Thousands of units (Cars+ LCVs)

4H1 06 H1 07 H1 06 H1 07H1 06 H1 07

France-10.5%

Thousands of units (Cars+LCVs)

Renault group worldwide sales

Asia-Africa+2.6%

Euromed+5.4%

H1 06 H1 07

Americas+27.0%

France + Europe

-9.1%

France + Europe

-9.1%

International+10.2%

International+10.2%

1,3161,267

278.8256.8

H1 06 H1 07

567522

92 116 85 88

187 197

Europe-8.0%

World-3.7%

H1 06 H1 07

385 345

5

Scénic II phase 2

Registrations in France - Thousands of units (Cars)

0

10

20

30

40

50

60

70

H1 2006 H1 2007

+5.1%+5.1%

55.3Grand Scénic 5 seats

Grand Scénic 7 seats

Scénic (5 seats)

58.1

6

020406080

100120140160180200

H1 2005 H1 2006 H1 2007

Renault brand LCV sales

Clio Kangoo Trafic Master Others

France + Europe Regions – Thousands of units (Cars+LCVs)

Clio

Kangoo

Master

Trafic

Others

168 169 167

Master

Trafic

Kangoo Express

7

New Twingo

! An encouraging start in France, Italy and Slovenia

! Price range in France:from 7,990€ up to 16,200€

! Diesel engine

! Right-hand drive

8

0

20

40

60

80

100

120

140

160

180

H1 2006 H1 2007

Logan worldwide sales

Thousands of units (Cars+LCVs)

+28.6%+28.6%

124

159

Logan MCV Logan VanLogan Sedan

Logan Sedan

Logan MCV

9

In million euros

H1 2007 ChangeH1 2006restated*

Automobile

Sales Financing

TOTAL

19,871

985

20,856

19,567

995

20,562

-1.5%

+1.0%

-1.4%

Renault group revenues by divisionH1 2007

* 2006 data has been restated on a consistent basis - (H1 2006 published: 21,547m€).The changes in accounting methods chiefly concern operations related to contracts with subcontractors and sales of parts under warranty to customers, previously recorded as revenue.

10

+0.3France + Europe

+1.1

Contribution to the change in revenues

Others

+0.3

+0.2 +0.1

+1.7

-0.5

Automobile division revenues down 1.5% in H1 2007

Euromed + Americas+ Asia-Africa

-4.1 +2.3

-4.4

ExchangerateVolume

Mix/price

ExchangerateVolume

Mix/price

11

Worldwide sales – in K units 1,316 1,267 -3.7%

Summarized results

In million euros

H1 2007 ChangeH1 2006

(1) On a consistent basis - (H1 2006 published: 21,547m€)(2) The ratio of 2.7% reported for 2006 was restated 0.1 points higher to reflect the impact of new accounting

methods on revenues.

Revenues 20,856 (1) 20,562 -1.4%

Operating margin 592 722 +22.0%

In % of revenues 2.8% (2) 3.5% +0.7pt

12

Group operating margin by division H1 2007

In million euros

H1 2007 ChangeH1 2006

Automobile

Sales Financing

TOTAL

323

269

592

455

267

722

+40.9%

-0.1%

+22.0%

13

592

-127Volume

-65Mix / PriceEnrichment

+155Purchasing

+59G&A

-67Warranty

-147Raw

Materials

722

-79Currency

-2Sales

Financing

+125R&D

(in million euros)H1 2006 H1 2007

Change H1 2007 / H1 2006: + €130 million

+8Others

+123Industrial

perfor-mance

Operating profit variance analysis

14

Models (bodies) in development(PreContract→ SOP)

9

11

9

12

16

19

23

25

22

0

5

10

15

20

25

30

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

2004 2005 2006 2007 2008 2009

15

592

-127Volume

-65Mix / PriceEnrichment

+155Purchasing

+59G&A

-67Warranty

-147Raw

Materials

722

-79Currency

-2Sales

Financing

+125R&D

(in million euros)H1 2006 H1 2007

Operating profit variance analysis

Change H1 2007 / H1 2006: + €130 million

+8Others

+123Industrial

perfor-mance

16

Summarized results

H1 2007 ChangeH1 2006

Worldwide sales – in K units 1,316 1,267 -3.7%

Operating margin 592 722 +22.0%

In % of revenues 2.8% 3.5% +0.7pt

Other operating income and expenses 57 -33 -157.9%

Revenues 20,856 20,562 -1.4%(1)

Associated companies 1,212 837 -30.9%

In million euros

Net income – Renault share 1,659 1,317 -20.6%

(1) On a consistent basis - (H1 2006 published: 21,547m€)(2) the ratio of 2.7% reported for 2006 was restated 0.1 points higher to reflect the impact of new accounting

methods on revenues.

(2)

17

Cash flow Change in WCR

Net tangible& intangibleinvestmentsexcl. IAS 38

Dividendspaid

Free Cash Flow

+2,679

-666

-1,100

+1,339

Developmentexpenses

capitalized

-911

687: Dividends received

+426

-93Fair value

Net debtdecrease

+861

At June 29, 2007: €1,553 million

+526

Others

Net financial debt evolution in H1 2007

Automobile DivisionIn million euros

18

0%

2%

4%

6%

8%

10%

12%

14%

H1 2005 H1 2006 H1 2007

Net Capex and R&D expensesNet Capex and R&D expenses

In % of Group revenuesCash impact

3.5%

8.9%

5.4%

R&D expenses

Net Capex

10.2%

4.5%

5.7%

4.7%

5.9%

10.7%

19

2007 Outlook

! Challenging environment

! Implementation of Renault Commitment 2009

! 2007 operating margin target confirmed at 3%

France + Europe Regions International

Logan MCV

New SM5

New Twingo

New Laguna

Koleos

20

Questions & Answers

New Laguna Estate

22

Thousands of units (Cars+LCVs)

H1 06 H1 07

1,097

Renault

1,154

-4.9%

58

Samsung

59-2.0%

H1 06 H1 07

112

Dacia

104

+8.1%

H1 06 H1 07

1,2671,316

-3.7%

GroupH1 06 H1 07

Renault group worldwide salesH1 2007 down 3.7% to 1,267K units

23

Change H1 2007 / H1 2006 – In units (Cars+LCVs)

Group sales outside France & Europe Regionsup 10.2% or + 36,948 units in H1 07 vs. H1 06

-279

+14,305

-10,821

+1,424 +3,777+10,035 +7,213

-3,650 -886

EUROMED: +10,022 AMERICAS: +24,696ASIA-AFRICA:

+2,230of which: of which: of which:

Romania Russia Turkey Morocco Colombia Argentina BrazilS. Africa +

Namibia S. Korea

+5,167

India

+2,000

Iran