Redburn US presentation Sept 2015

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  • RENAULT GROUP

    Redburn Roadshow

  • SEPTEMBER 2015 2

    INVESTOR RELATIONS

    RENAULT PRESENTATION

    Information contained within this document may contain forward looking statements. Although

    the Company considers that such information and statements are based on reasonable

    assumptions taken on the date of this report, due to their nature, they can be risky and uncertain

    (as described in the Renault documentation registered within the French financial markets

    regulation authorities) and can lead to a difference between the exact figures and those given or

    deduced from said information and statements.

    Renault does not undertake to provide updates or revisions, should any new statements and

    information be available, should any new specific events occur or for any other reason. Renault

    makes no representation, declaration or warranty as regards the accuracy, sufficiency,

    adequacy, effectiveness and genuineness of any statements and information contained in this

    report.

    Further information on Renault can be found on Renaults website (www.group.renault.com),

    in the section Finance / Regulated Information.

    DISCLAIMER

  • SEPTEMBER 2015 3

    INVESTOR RELATIONS

    RENAULT PRESENTATION

    HIGHLIGHTS

    OPERATING MARGIN IMPROVEMENT

    REVENUE ACCELERATION

    FY GUIDANCE CONFIRMED

  • SEPTEMBER 2015 4

    INVESTOR RELATIONS

    RENAULT PRESENTATION

    2015 OUTLOOK

    Global car demand should continue to grow about 1% in 2015 despite a

    significant slowdown in emerging markets. On the other hand, the European

    market should grow by at least 5%.

    Within this context, Renault confirms its guidance:

    -increase registrations and Group revenues (at constant exchange rates),

    -improve Group operating profit and that of the Automotive division,

    -achieve positive Automotive operational free cash flow.

  • SEPTEMBER 2015 5

    INVESTOR RELATIONS

    RENAULT PRESENTATION

    H1 2015 - RENAULT KEY FIGURES

    UNIT SALES: 1,376m

    REVENUES: 22,197 m

    OPERATING PROFIT: 1,069 m

    OPERATING MARGIN: 4.8%

    ASSOCIATES : 912 m

    NET PROFIT: 1,469 m

    NET AUTO LIQUIDITY : 1,567 m

    EPS: 5,12

    DPS (2014): 1,90

  • SEPTEMBER 2015 6

    INVESTOR RELATIONS

    RENAULT PRESENTATION

    KEY TAKE-AWAYS FROM H1 RESULTS

    RECOVERY IN EUROPE STRONGER THAN ANTICIPATED

    STRONG CONTRIBUTION OF SALES TO PARTNERS

    CONTINUING DECLINE IN SOME EMERGING MARKETS

  • SEPTEMBER 2015 7

    INVESTOR RELATIONS

    RENAULT PRESENTATION

    RISKS & OPPORTUNITIES FOR THE SECOND HALF

    REGULATORY COST PRESSURE

    EMERGING MARKETS

    SUPPLY CHAIN

    NEW PRODUCTS

    EUROPEAN MARKET MOMENTUM

  • SEPTEMBER 2015 8

    INVESTOR RELATIONS

    RENAULT PRESENTATION

    YTD 2015 COMMERCIAL UPDATE

    01

  • SEPTEMBER 2015 9

    INVESTOR RELATIONS

    RENAULT PRESENTATION

    WORLD

    TIV + 0.7% (including USA/Canada)

    EURASIA

    TIV - 18%

    AMI

    TIV + 0.9%

    AMERICAS

    TIV - 10.7%

    ASIA-PACIFIC

    TIV - 0.3%

    EUROPE

    TIV + 8.8%

    SPAIN +24%

    ITALY +14%

    UK + 8%

    GERMANY + 5%

    FRANCE + 5%

    TURKEY +47%

    ROMANIA +14%

    KAZAKHSTAN -35%

    RUSSIA -33%

    UKRAINE -60%

    EGYPT +5%

    INDIA +5%

    IRAN +3%

    MOROCCO +1%

    ALGERIA -24%

    MEXICO +19%

    COLOMBIA -6%

    BRAZIL -20%

    ARGENTINA -13%

    CHINA +2%

    S. KOREA +8%

    AUSTRALIA +3%

    JAPAN -10%

    TIV EVOLUTION YTD (August)

  • SEPTEMBER 2015 10

    INVESTOR RELATIONS

    RENAULT PRESENTATION

    RENAULT GROUP UNIT REGISTRATIONS YTD (August)

    WORLD MARKET SHARE: 3.1% (=)

    1750

    969

    233 199 273

    76

    1765

    1051

    218 196 229

    71

    K units

    (PC+LCV)

    08'14 08'15

    GLOBAL

    +0.9%

    EUROPE

    +8.5%

    AMERICAS

    -16.1%

    ASIA-PACIFIC

    -6.3%

    AMI

    -1.9%

    EURASIA

    -6.3%

    +0.7% TIV +8.8% -18% +0.9% -10.7% -0.3%

    GROUP

    08'14 08'15 08'14 08'15 08'14 08'15 08'14 08'15 08'14 08'15

  • SEPTEMBER 2015 11

    INVESTOR RELATIONS

    RENAULT PRESENTATION

    RENAULT GROUP UNIT REGISTRATIONS H1 2015 vs H1 2014

    WORLD MARKET SHARE: 3.2% (=)

    1,366

    776

    177 150 206

    57

    1,376

    849

    159 151 164 54

    K units

    (PC+LCV)

    H1'14 H1'15

    GLOBAL

    +0.8%

    EUROPE

    +9.3%

    AMERICAS

    -20.3%

    ASIA-PACIFIC

    -5.5%

    AMI

    +0.9%

    EURASIA

    -10.2%

    +1.2% TIV +8.5% -20.3% +3.0% -10.6% +0.4%

    GROUP

    H1'14 H1'15 H1'14 H1'15 H1'14 H1'15 H1'14 H1'15 H1'14 H1'15

  • SEPTEMBER 2015 12

    INVESTOR RELATIONS

    RENAULT PRESENTATION

    EUROPE KEEPS PUSHING SALES MOMENTUM

    TOP 15 COUNTRIES

    COUNTRIES Volumes % MS Ranking

    FRANCE 325 360 26,9% 0

    BRAZIL 89 527 7,0% 0

    GERMANY 86 254 5,0% 1

    ITALY 85 867 9,2% 1

    SPAIN 81 907 13,0% 1

    TURKEY 67 849 15,7% 3

    UK 62 892 4,0% 0

    RUSSIA 57 116 7,3% -5

    BELGIUM+LUX 47 968 13,6% 1

    ALGERIA 47 918 31,7% 1

    SOUTH KOREA 37 260 4,4% 1

    ARGENTINA 32 312 10,6% -4

    MOROCCO 23 864 38,4% 1

    NETHERLANDS 23 611 10,1% 1

    INDIA 23 346 1,5% -2

    % OF SALES OUTSIDE EUROPE

    33% 40%

    47% 50%

    H1' 10 H1' 11 H1' 12 H1' 13 H1' 14

    43%

    H1' 15

    38%

  • SEPTEMBER 2015 13

    INVESTOR RELATIONS

    RENAULT PRESENTATION

    EUROPE REGION

    France 26.9%

    -0.4 pts

    Europe 10.2%

    +0.1 pts

    GROUP MARKET SHARE PC+LCV

    BREAKDOWN OF GROUP REGISTRATIONS PC+LCV

    GROUP ORDER BOOK PC+LCV

    776

    849

    H1 2015 H1 2014 776

    +8

    +64 849

    H114

    TIV

    & MARKET MIX H115 PERFORMANCE

  • SEPTEMBER 2015 14

    INVESTOR RELATIONS

    RENAULT PRESENTATION

    AMERICAS REGION

    Americas 5.9%

    -0.7 pts

    Brazil 7.0%

    +0.1 pts

    OROCH TO BE LAUNCHED IN H2 GROUP MARKET SHARE PC+LCV

    206

    BREAKDOWN OF GROUP REGISTRATIONS PC+LCV

    206

    164

    H114

    H115

    PERFORMANCE

    TIV

    & MARKET MIX ARGENTINA

    -21

    -22

    +1

  • SEPTEMBER 2015 15

    INVESTOR RELATIONS

    RENAULT PRESENTATION

    EURASIA REGION

    Eurasia 11.2%

    +1.3 pts

    Russia 7.3%

    -0.5 pts

    DUSTER FACELIFT LAUNCHED IN H2 GROUP MARKET SHARE PC+LCV

    BREAKDOWN OF GROUP REGISTRATIONS PC+LCV

    177

    -8

    -10

    159

    H1 2015 H1 2014

    849

    H1 2015

    177 -8

    -10

    159

    H114

    TIV

    & MARKET MIX H115 PERFORMANCE

  • SEPTEMBER 2015 16

    INVESTOR RELATIONS

    RENAULT PRESENTATION

    AFRICA - MIDDLE EAST - INDIA REGION

    AMI 3.6%

    -0.1 pts

    Algeria 31.7%

    +7.1 pts

    GROUP MARKET SHARE PC+LCV

    BREAKDOWN OF GROUP REGISTRATIONS PC+LCV

    KWID TO BE LAUNCHED IN H2

    150 +5

    -4

    151

    H1 2015 H1 2014

    177

    -8

    -10

    159

    H1 2015 H1 2014

    849

    H1 2015

    150

    +5 -4 151

    H114

    TIV

    & MARKET MIX

    H115

    PERFORMANCE

  • SEPTEMBER 2015 17

    INVESTOR RELATIONS

    RENAULT PRESENTATION

    ASIA-PACIFIC REGION

    Asia-Pacific 0.3%

    Korea 4.4%

    -0.2 pts

    0.0 pt

    WUHAN PLANT ON TRACK GROUP MARKET SHARE PC+LCV

    BREAKDOWN OF GROUP REGISTRATIONS PC+LCV

    150 +5

    -4

    151

    H1 2015 H1 2014

    177

    -8

    -10

    159

    H1 2015 H1 2014

    849

    H1 2015

    57

    -6 +3

    54

    H114

    TIV

    & MARKET MIX

    H115 PERFORMANCE

  • SEPTEMBER 2015 18

    INVESTOR RELATIONS

    RENAULT PRESENTATION

    H1 2015 FINANCIAL RESULTS

    02

  • SEPTEMBER 2015 19

    INVESTOR RELATIONS

    RENAULT PRESENTATION

    H1 2014 H1 2015 CHANGE

    Global registrations (units) 1,365,988 1,376,356 +0.8%

    Group revenues 19,820 22,197 +12.0%

    of which: Automotive 18,739 21,065 +12.4%

    Sales financing 1,081 1,132 +4.7%

    Q1 Q2

    +13.7% +10.8%

    H1 2015 GROUP REVENUES

    (million euros)

  • SEPTEMBER 2015 20

    INVESTOR RELATIONS

    RENAULT PRESENTATION

    AUTOMOTIVE REVENUES VARIANCE ANALYSIS

    18,739

    21,065

    +615 -46

    +145+308

    +1,112

    +225

    -33

    Currency

    Volume

    Geographic

    mix

    Product mix

    Sales to

    partners

    Others

    +12.4%

    +3.3pts -0.2pts +0.8pts +1.6pts +1.2pts -0.2pts

    Price

    +5.9pts

    CHANGE H1 2015 / H1 2014: +2,326m

    H1 2014 H1 2015

    (million euros)

  • SEPTEMBER 2015 21

    INVESTOR RELATIONS

    RENAULT PRESENTATION

    DISTRIBUTION STOCK

    NEW VEHICLE DISTRIBUTION STOCK (IN K UNITS)