groupe renault roadshow asia2017/06/19 · 14 investor relations renault presentation june 2017...
TRANSCRIPT
GROUPE RENAULT ROADSHOW ASIA
2INVESTOR RELATIONSRENAULT PRESENTATION JUNE 2017 PROPERTY OF GROUPE RENAULT
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 Renault’s web site (www.group.renault.com),
in the section Finance / Regulated Information.
DISCLAIMER
3INVESTOR RELATIONSRENAULT PRESENTATION JUNE 2017 PROPERTY OF GROUPE RENAULT
GROUPE RENAULT HIGHLIGHTS01
4INVESTOR RELATIONSRENAULT PRESENTATION JUNE 2017 PROPERTY OF GROUPE RENAULT
� A FRENCH OEM MOVING TO A MORE GLOBAL ONE (incl.VAZ consolidation)
� A COST CUTTING STORY TURNING INTO A GROWTH STORY
� ALL REGIONS CONTRIBUTING TO PROFIT
� THE ALLIANCE IS A KEY COMPETITIVE ADVANTAGE
� ATTRACTIVE DIVIDEND POLICY
� NEW AMBITIONS FOR 2022: (revenues at €70bn with a 7% operating margin)
INVESTMENT CASE
5INVESTOR RELATIONSRENAULT PRESENTATION JUNE 2017 PROPERTY OF GROUPE RENAULT
A MAJOR ALLIANCE IN THE AUTOMOTIVE LANDSCAPE
52 5254
56 56 5657
6163
6568
6563
71
75
7982
8587
51
91
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
9,96 million units sold in 2016
o/w 94 Ku EV
TIV (PC+LCV) IN MILLION UNITS
5,56056%
2853%
9349%
3,183 32%
Nissan VAZ MMC Renault
MAIN CARS SALES IN 2016 (PC+LCV) IN MILLION UNITS
6INVESTOR RELATIONSRENAULT PRESENTATION JUNE 2017 PROPERTY OF GROUPE RENAULT
2016 OBJECTIVES MET & RECORD RESULTS
* at constant exchange rates
REVENUES 2016 > 2015*
GROUP & AUTOMOTIVE OP. MARGIN 2016 > 2015
AUTOMOTIVE OPERATIONAL FREE CASH FLOW > 0
����
����
����
7INVESTOR RELATIONSRENAULT PRESENTATION JUNE 2017 PROPERTY OF GROUPE RENAULT
2017 TIV OUTLOOK
* PC+LCV INCLUDING USA & CANADA
EUROPE +2%
FRANCE +2%
BRAZIL
-6%
INDIA
+8%
CHINA
+5%
GLOBAL TIV *
+ 1.5% to + 2.5%
BRAZILstable
RUSSIA up to +5%
8INVESTOR RELATIONSRENAULT PRESENTATION JUNE 2017 PROPERTY OF GROUPE RENAULT
2017 OUTLOOK
INCLUDING AVTOVAZ, THE GROUP IS AIMING TO :
� Increase group revenues, beyond the impact of AVTOVAZ (at constant exchange rates)*
� Increase group operating profit in euros*
� Generate a positive Automotive operational free cash flow
* compared with 2016 Groupe Renault published results
9INVESTOR RELATIONSRENAULT PRESENTATION JUNE 2017 PROPERTY OF GROUPE RENAULT
RISKS
� Raw materials
� Brexit impact
� Trade agreements
2017 OPPORTUNITIES AND RISKS
OPPORTUNITIES
� Full year impact of new products
� Alliance synergies
� Emerging markets recovery (Brazil, Russia)& ramp-up (China, India)
10INVESTOR RELATIONSRENAULT PRESENTATION JUNE 2017 PROPERTY OF GROUPE RENAULT
Q1 2017 RESULTS
02
11INVESTOR RELATIONSRENAULT PRESENTATION JUNE 2017 PROPERTY OF GROUPE RENAULT
� STRONG START IN ALL REGIONS FOR THE GROUP
� BUOYANT EUROPEAN MARKET DESPITE UNCERTAINTIES
� FIRST POSITIVE SIGNS IN RUSSIA AND BRAZIL
� POSITIVE FX
� AVTOVAZ CONSOLIDATION
� FY GUIDANCE CONFIRMED
KEY TAKE-AWAYS FROM Q1 RESULTS
12INVESTOR RELATIONSRENAULT PRESENTATION JUNE 2017 PROPERTY OF GROUPE RENAULT
* PC+LCV including USA & Canada
TIV EVOLUTION Q1 2017 VS Q1 2016
RUSSIA +1.0%TURKEY -7.4%
ALGERIA -37.6%MOROCCO +17.6%IRAN +20.1%
INDIA +9.7%
BRAZIL -1.2%ARGENTINA +42.8%COLOMBIA +0.3%
WORLD*TIV +4.0%
EURASIATIV -0.5%
AFRICA-ME-INDIATIV +1.5%
AMERICASTIV +9.0%
ASIA-PACIFICTIV +4.6%
EUROPETIV +8.0%
FRANCE +5.6%GERMANY +6.8%UK +5.4%SPAIN +9.7%ITALY +11.2%
CHINA +4.7%SOUTH KOREA +0.9%
13INVESTOR RELATIONSRENAULT PRESENTATION JUNE 2017 PROPERTY OF GROUPE RENAULT
754
435
95 12872
25
874
479
124 13685 50
Q1'16 Q1'17 Q1'16 Q1'17 Q1'16 Q1'17 Q1'16 Q1'17 Q1'16 Q1'17 Q1'16 Q1'17
GLOBAL
+15.8%+16.6%
EUROPE
+10.0%+10.0%
AMERICAS
+19.0%+18.9%
ASIA-PACIFIC
+99.7%+99.0%
AFRICA-ME-INDIA
+30.9%+30.6%
EURASIA
+6.3%+7.0%
INTERNATIONAL +23.7%
K units
(PC+LCV)
+4.0% TIV +8.0% -0.5% +1.5% +9.0% +4.6%
GROUPGROUP excl. LADA
WORLD MARKET SHARE: 3.8% (+0.4 pts)
GROUPE RENAULT’S UNIT REGISTRATIONS Q1 2017 VS Q1 2016 (incl. Lada)
14INVESTOR RELATIONSRENAULT PRESENTATION JUNE 2017 PROPERTY OF GROUPE RENAULT
FRANCE01
RUSSIA02
03
INDIA
GERMANY04
TURKEY
05
06
07
08
09
IRAN
26.5 %
9.1 %
27.2 %
5.7 %
ITALY
3.6 %
9.0 %
BRAZIL 6.8 %
19.0 %
SPAIN 10.6 %
Market share
(PC+LCV)
-0.0 pts
-0.1 pts
-0.1 pts
+4.9 pts
vs.
Q1 2016
UNITED KINGDOM 4.3 %
+0.9 pts
-0.1 pts
+0.3 pts36% 42%48%
55% 52%48%
Q1 2011 Q1 2012 Q1 2013 Q1 2014 Q1 2015 Q1 2016 Q1 2017 Q1 2017incl.
LADA
37% 49% 44% 38%45%
+2.0 pts
+0.0 pts
+1.5 pts
37%
INTERNATIONALEUROPE
63% 51% 56% 62%55% 63%
REGIONAL SALES BREAKDOWN
WEIGHT OF SALES OUTSIDE EUROPE INCREASING
10
TOP 10 MARKETS BY VOLUME YTD
Excl. LADA
41% 45%
59% 55%
15INVESTOR RELATIONSRENAULT PRESENTATION JUNE 2017 PROPERTY OF GROUPE RENAULT
FOCUS ON EV
ZOE IS THE ONLY AFFORDABLE EV WITH 400KM HOMOLOGATED RANGE
� New ZE 40 battery with 400km NEDC range� 300km in real life driving conditions� New ‘pay as you drive’ battery rental scheme
� Renault is leader in Europe (+46% vs Q1 2016)� Renault market share: 28.1% (+2.3 pts vs Q1 2016)
SALES: STRENGTHENING LEADERSHIP ORDERS: BREAKTHROUGH ON ZOE
+90% vs Q1 2016
9476
4977
Jan Feb Mar
ZOE CUMUL ORDERS 2017
ZOE CUMUL ORDERS 2016
16INVESTOR RELATIONSRENAULT PRESENTATION JUNE 2017 PROPERTY OF GROUPE RENAULT
RENAULT GROUP REVENUES BY DIVISION IN Q1 2017
In million euros Q1 2017 ChangeQ1 2016
Automotive excl. AVTOVAZ
Sales Financing
AVTOVAZ
Eliminations with AVTOVAZ
TOTALExcl. AVTOVAZ consolidation impact
11,939
621
750
-181
13,12912,560
+20.1%
+13.5%
-
-
+25.2%
+19.7%
9,942
547
-
-
10,48910,489
17INVESTOR RELATIONSRENAULT PRESENTATION JUNE 2017 PROPERTY OF GROUPE RENAULT
9,942
11,939
+126
+914-5 +57
+242+350
+313
AUTOMOTIVE EXCLUDING AVTOVAZ REVENUES VARIANCE ANALYSIS
Currency
VolumeGeographic
mixProduct
mixPrice
Sales to partners
Others
+20.1%
+1.3 pts+9.2 pts -0.1 pts +0.6 pts +2.4 pts +3.5 pts +3.2 pts
In million euros CHANGE Q1 2017 / Q1 2016 : +€1,997m
Q1 2016 Q1 2017
18INVESTOR RELATIONSRENAULT PRESENTATION JUNE 2017 PROPERTY OF GROUPE RENAULT
NEW VEHICLE DISTRIBUTION STOCK* EXCLUDING AVTOVAZ
526 527 520481
593 571 591564
670
264
178
260
141
298
200 267
165
326262
349
260
340
295
371324
399344
MAR'15 JUN'15 SEP'15 DEC'15 MAR'16 JUN'16 SEP'16 DEC'16 MAR '17
GROUP
INDEPENDENTDEALERS
TOTAL
Number of days of sales
(previous period)787775 5566 60
(IN K UNITS)
76
* 2014 & 2015 restated
59 78
19INVESTOR RELATIONSRENAULT PRESENTATION JUNE 2017 PROPERTY OF GROUPE RENAULT
RCI BANQUE PERFORMANCE
Q1 2017 Change (%)Q1 2016
Revenues (in € m)
Average Performing Assets(in € m)
New contracts (in units)
New financings(in € m)
547
31,128
353,007
4,091
621
37,930
428,586
5,021
+13.5%
+21.9%
+21.4%
+22.7%
20INVESTOR RELATIONSRENAULT PRESENTATION JUNE 2017 PROPERTY OF GROUPE RENAULT
FY 2016 RESULTS
03
21INVESTOR RELATIONSRENAULT PRESENTATION JUNE 2017 PROPERTY OF GROUPE RENAULT
2,809
1,614
356 360 354124
3,183
1,805
364491
354167
GROUPE RENAULT UNIT REGISTRATIONS 2016 VS 2015
GLOBAL
+13.3%
EUROPE
+11.8%
AMERICAS
+0.1%
ASIA-PACIFIC
+34.5%
AFRICA-ME-INDIA
+36.4%
EURASIA
+2.3%
K units
(PC+LCV)
+4.6% TIV +7.0% -6.3% -1.7% -4.1% +9.3%
GROUP
INTERNATIONAL +15.3%
22INVESTOR RELATIONSRENAULT PRESENTATION JUNE 2017 PROPERTY OF GROUPE RENAULT
2016 2015 CHANGE
Global unit sales (units) * 3,182,625 2,808,926 +13.3%
Group revenues 51,243 45,327 +13.1%
of which: Automotive 48,995 43,108 +13.7%
Sales financing 2,248 2,219 +1.3%
FY 2016 GROUP REVENUES
(million euros)
*2015 restated: since January 1, 2016, volumes for China are reported based
on retail sales versus wholesales previously.
H1 H2
+13.5% +12.7%
23INVESTOR RELATIONSRENAULT PRESENTATION JUNE 2017 PROPERTY OF GROUPE RENAULT
AUTOMOTIVE REVENUES VARIANCE ANALYSIS
Currency
Volume
Geographic
mix
Sales to
partnersOthers
+13.7%
+8.9 pts +0.2 pts +0.7 pts +3.9 pts -3.9 pts +1.4 pts
Price
+2.5 pts
CHANGE 2016 vs 2015: +€5,887m
FY 2015 FY 2016
(million euros)
Product
mix
43,108
48,995
+3,816
+1,099
+1,691
+312+68
+587-1,686
24INVESTOR RELATIONSRENAULT PRESENTATION JUNE 2017 PROPERTY OF GROUPE RENAULT
OPERATING PROFIT BY ACTIVITY
2016 2015* CHANGE
AUTOMOTIVE 2,386 1,546 +840
% Automotive revenues 4.9% 3.6% +1.3 pts
SALES FINANCING 896 829 +67
GROUP OPERATING PROFIT 3,282 2,375 +907
% Group revenues 6.4% 5.2% +1.2 pts
(million euros)
* restated IAS 12
H1 H2
4.7% 5.1%
25INVESTOR RELATIONSRENAULT PRESENTATION JUNE 2017 PROPERTY OF GROUPE RENAULT
2,375
3,282
+184 -112+331
+115
+1,036
+55-702
GROUP OPERATING PROFIT VARIANCE ANALYSIS
CurrencyVolume &
partners
Mix / Net Enrichment
G&A
RCI Banque
& other
activities
COST
REDUCTION
+€72m
FY 2015* FY 2016
CHANGE 2016 vs 2015: +€907m
Monozukuri
Raw materials
GROWTH
+€1,091m
(million euros)* Restated IAS12
26INVESTOR RELATIONSRENAULT PRESENTATION JUNE 2017 PROPERTY OF GROUPE RENAULT
+656
-101
-260
-111
-112
COST REDUCTION ANALYSIS
CHANGE 2016 vs 2015: +€72m
G&AManufacturing &
Logistics
R&DWarrantyPurchasing
Monozukuri
(million euros)
27INVESTOR RELATIONSRENAULT PRESENTATION JUNE 2017 PROPERTY OF GROUPE RENAULT
2,375
3,282
+184 -112+331
+115
+1,036
+55-702
GROUP OPERATING PROFIT VARIANCE ANALYSIS
CurrencyVolume &
partners
Mix / Net Enrichment
G&A
RCI Banque
& other
activities
COST
REDUCTION
+€72m
FY 2015* FY 2016
CHANGE 2016 vs 2015: +€907m
Monozukuri
Raw materials
GROWTH
+€1,091m
(million euros)* Restated IAS12
28INVESTOR RELATIONSRENAULT PRESENTATION JUNE 2017 PROPERTY OF GROUPE RENAULT
OTHER OPERATING INCOME & EXPENSES
2016 2015
Restructuring costs -283 -157
Impairment of assets -38 -53
Profit / loss on asset sales -4 +10
AVTOVAZ first full consolidation impact +325 -
Others +1 +1
Total other operating income & expenses +1 -199
(million euros)
29INVESTOR RELATIONSRENAULT PRESENTATION JUNE 2017 PROPERTY OF GROUPE RENAULT
FY 2016 FINANCIAL RESULTS
2016 2015 CHANGE
Revenues 51,243 45,327 +13.1%
Operating profit * 3,282 2,375 +907
in % of revenues 6.4% 5.2% +1.2pts
Other operating income & expenses 1 -199 +200
EBIT 3,283 2,176 +1,107
Net financial income & expenses -323 -221 -102
Associated companies ** 1,638 1,371 +267
Current & deferred taxes * -1,055 -366 -689
Net income **
in % of revenues
3,543
6.9%
2,960
6.5%
+583
+0.4pts
(million euros)
* 2015 restated IAS 12** 2015 restated for AVTOVAZ 3 month difference
30INVESTOR RELATIONSRENAULT PRESENTATION JUNE 2017 PROPERTY OF GROUPE RENAULT
ASSOCIATED COMPANIES
2016 2015 CHANGE
NISSAN 1,741 1,976 -235
AVTOVAZ * -89 -620 +531
Others -14 15 -29
Total associated companies 1,638 1,371 +267
(million euros)
* 2015 restated
31INVESTOR RELATIONSRENAULT PRESENTATION JUNE 2017 PROPERTY OF GROUPE RENAULT
FY 2016 FINANCIAL RESULTS
2016 2015 CHANGE
Revenues 51,243 45,327 +13.1%
Operating profit * 3,282 2,375 +907
in % of revenues 6.4% 5.2% +1.2pts
Other operating income & expenses 1 -199 +200
EBIT 3,283 2,176 +1,107
Net financial income & expenses -323 -221 -102
Associated companies ** 1,638 1,371 +267
Current & deferred taxes * -1,055 -366 -689
Net income **
in % of revenues
3,543
6.9%
2,960
6.5%
+583
+0.4pts
(million euros)
* 2015 restated IAS 12** 2015 restated for AVTOVAZ 3 month difference
32INVESTOR RELATIONSRENAULT PRESENTATION JUNE 2017 PROPERTY OF GROUPE RENAULT
4,362
1,107
-940
1,264
+356
+772 -794 +1,119
AUTOMOTIVE NET FINANCIAL POSITION
Operational free
cash flow
Cash flow
Changein WCR
Dividendspaid
Net tangible& intangible
investments
-3,611
Net Change
AutoExcl.VAZ
Dividends received
fromlisted co.
Capitalized
R&D
-903
Financial investments
& others
Net capex
-2,144
(million euros)
LeasedVehicles -564
Share Buy-back
Nissan
AUTO
EXCL.VAZ
AUTO
INCL.VAZ
DEC 31, 2015 2,661 N/A
DEC 31, 2016 3,925 2,720
33INVESTOR RELATIONSRENAULT PRESENTATION JUNE 2017 PROPERTY OF GROUPE RENAULT
NEW VEHICLE DISTRIBUTION STOCK* EXCLUDING AVTOVAZ
468
526 527 520
481
593571
591564
106
264
178
260
141
298
200
267
165
362
262
349
260
340
295
371
324
399
DEC'14 MAR'15 JUN'15 SEP'15 DEC'15 MAR'16 JUN'16 SEP'16 DEC '16
GROUP
INDEPENDENTDEALERS
TOTAL
Number of days of sales
(previous period)556658 7775 78
(IN K UNITS)
60
* 2014 & 2015 restated
76 59
34INVESTOR RELATIONSRENAULT PRESENTATION JUNE 2017 PROPERTY OF GROUPE RENAULT
LIQUIDITY RESERVES
Cash €11.6bn
Available credit lines €3.3bn
TOTAL €14.9bn
LIQUIDITY RESERVES
Cash €11.8bn
Available credit lines €3.3bn
TOTAL €15.1bn
AUTOMOTIVE DIVISION LIQUIDITY EXCLUDING AVTOVAZ
DECEMBER 2015 DECEMBER 2016
35INVESTOR RELATIONSRENAULT PRESENTATION JUNE 2017 PROPERTY OF GROUPE RENAULT
RCI BANQUE
2016 2015
New financings (€bn) 17.9 15.6
Average performing assets (€bn) 33.3 28.6
Net banking income 4.41% 4.75%
Cost of risk (customer & dealer) -0.31% -0.33%
Operating expenses* -1.39% -1.47%
Pretax income* 2.74% 2.97%
Operating profit (€m)* 896 829
(in percentage of average performing assets)
* 2015 restated IAS12
36INVESTOR RELATIONSRENAULT PRESENTATION JUNE 2017 PROPERTY OF GROUPE RENAULT
End 2016 End 2015
DEPOSITS 12.6 10.2
o/w GERMANY 8.1 7.0
o/w UNITED KINGDOM 2.6 1.3
o/w FRANCE 1.2 1.3
o/w AUSTRIA 0.7 0.6
RCI BANQUE RETAIL DEPOSIT ACTIVITY
(billion euros)
37INVESTOR RELATIONSRENAULT PRESENTATION JUNE 2017 PROPERTY OF GROUPE RENAULT
FY 2015 RESULTS04
38INVESTOR RELATIONSRENAULT PRESENTATION JUNE 2017 PROPERTY OF GROUPE RENAULT
2,712
1,465
390 308417
133
2,802
1,613
356 360 355117
RENAULT GROUP UNIT REGISTRATIONS 2015 VS 2014
GLOBAL
+3.3%
EUROPE
+10.2%
AMERICAS
-14.8%
ASIA-PACIFIC
-12.3%
AFRICA-ME-INDIA
+16.9%
EURASIA
-8.6%
K units
(PC+LCV)
+1.6% TIV +9.4% -21.1% -1.6% -12.8% +2.3%
GROUP
INTERNATIONAL -4.8%
39INVESTOR RELATIONSRENAULT PRESENTATION JUNE 2017 PROPERTY OF GROUPE RENAULT
2015 2014 CHANGE
Global unit sales (units) 2,801,592 2,712,432 +3.3%
Group revenues 45,327 41,055 +10.4%
of which: Automotive 43,108 38,874 +10.9%
Sales financing 2,219 2,181 +1.7%
FY 2015 GROUP REVENUES
(million euros)
40INVESTOR RELATIONSRENAULT PRESENTATION JUNE 2017 PROPERTY OF GROUPE RENAULT
AUTOMOTIVE REVENUES VARIANCE ANALYSIS
Currency
VolumeGeographic
mix
Sales to
partners Others
+10.9%
+3.2 pts -0.1 pts +1.3 pts +2.1 pts -0.1 pts -0.3 pts
Price
+4.8 pts
CHANGE 2015 vs 2014: +€4,234m
FY 2014 FY 2015
(million euros)
Product
mix
38,874
43,108
+1,260
+1,874
+809
+491
-34
-115-51
41INVESTOR RELATIONSRENAULT PRESENTATION JUNE 2017 PROPERTY OF GROUPE RENAULT
OPERATING PROFIT BY ACTIVITY
2015 2014 CHANGE
AUTOMOTIVE 1,496 858 +638
% Automotive revenues 3.5% 2.2% +1.3pts
SALES FINANCING 824 751 +73
GROUP OPERATING PROFIT 2,320 1,609 +711
% Group revenues 5.1% 3.9% +1.2pts
(million euros)
H1 H2
3.1% 3.8%
42INVESTOR RELATIONSRENAULT PRESENTATION JUNE 2017 PROPERTY OF GROUPE RENAULT
1,609
2,320
+596-69
+61
-379 +441
+39 +22
GROUP OPERATING PROFIT VARIANCE ANALYSIS
CurrencyVolume &
partnersMix / Net EnrichmentG&A
RCI Banque
& other
activities
COST
REDUCTION
€527m
FY 2014 FY 2015
CHANGE 2015 vs 2014: +€711m
Monozukuri
Raw materials
GROWTH
€480m
(million euros)
43INVESTOR RELATIONSRENAULT PRESENTATION JUNE 2017 PROPERTY OF GROUPE RENAULT
+492
+197 -155+62 -69
COST REDUCTION ANALYSIS
CHANGE 2015 vs 2014: +€527m
G&AManufacturing &
Logistics
R&DWarrantyPurchasing
Monozukuri
(million euros)
44INVESTOR RELATIONSRENAULT PRESENTATION JUNE 2017 PROPERTY OF GROUPE RENAULT
OTHER OPERATING INCOME & EXPENSES
2015 2014
Net restructuring costs
(incl. competitiveness agreement in France)-157 -305
Impairment of assets / reversal -53 -153
RCI Banque (mainly change in regulation) 0 -50
Profit / loss on asset sales +10 +7
Others +1 -3
Total other operating income & expenses -199 -504
(million euros)
45INVESTOR RELATIONSRENAULT PRESENTATION JUNE 2017 PROPERTY OF GROUPE RENAULT
FY 2015 FINANCIAL RESULTS
2015 2014 CHANGE
Revenues 45,327 41,055 +10.4%
Operating profit 2,320 1,609 +711
in % of revenues 5.1% 3.9% +1.2pts
Other operating income & expenses -199 -504 +305
EBIT 2,121 1,105 +1,016
Net financial income & expenses -221 -333 +112
Associated companies 1,371 1,362 +9
Current & deferred taxes -311 -136 -175
Net income 2,960 1,998 +962
(million euros)
46INVESTOR RELATIONSRENAULT PRESENTATION JUNE 2017 PROPERTY OF GROUPE RENAULT
ASSOCIATED COMPANIES
2015 2014 CHANGE
NISSAN 1,976 1,559 +417
AVTOVAZ (1) -620 -182 -438
Others 15 -15 +30
Total associated companies 1,371 1,362 +9
(1) In 2015 the 3-month time lag has been removed, therefore AVTOVAZ contribution is based on net income between January 1, 2015 and December 31, 2015
In 2014, AVTOVAZ contribution was based on net income between October 1, 2013 and September 30, 2014
(million euros)
47INVESTOR RELATIONSRENAULT PRESENTATION JUNE 2017 PROPERTY OF GROUPE RENAULT
3,451
1,033557
+663
+581 -599
-458
AUTOMOTIVE NET CASH POSITION
Operational free
cash flow
Cash flow
Changein WCR
Dividendspaid
Net tangible& intangible
investments
-3,081
Net changeIn cash
Dividends received
fromlisted co.
Capitalized
R&D
-876 Financial investments
& others
Net capex
-1,853
DEC 31, 2014 : €2,104m
DEC 31, 2015 : €2,661m
(million euros)
LeasedVehicles -352
48INVESTOR RELATIONSRENAULT PRESENTATION JUNE 2017 PROPERTY OF GROUPE RENAULT
LIQUIDITY RESERVES
Cash €11.6bn
Available credit lines €3.2bn
TOTAL €14.8bn
LIQUIDITY RESERVES
Cash €11.6bn
Available credit lines €3.3bn
TOTAL €14.9bn
AUTOMOTIVE DIVISION LIQUIDITY
DECEMBER 2014 DECEMBER 2015
49INVESTOR RELATIONSRENAULT PRESENTATION JUNE 2017 PROPERTY OF GROUPE RENAULT
RCI BANQUE
(in percentage of average loans outstanding)
2015 2014
New financings (€bn) 15.6 12.6
Average loans outstanding (€bn) 28.2 25.4
Net banking income* 4.82% 4.95%**
Cost of risk (customer & dealer) -0.33% -0.43%
Operating expenses* -1.51% -1.58%
Pretax income* 2.99% 2.93%**
Operating profit (€m) 824 751
* Excluding non recurring items** Restated
50INVESTOR RELATIONSRENAULT PRESENTATION JUNE 2017 PROPERTY OF GROUPE RENAULT
DRIVE THE CHANGE HOW WE MET OUR TARGETS
05
51INVESTOR RELATIONSRENAULT PRESENTATION JUNE 2017 PROPERTY OF GROUPE RENAULT
HOW WE MET OUR TARGETS (2010 - 2016 UPDATE)
GROWTH TARGETOVER ACHIEVED
39.041.1
51.2
2010 2014 2016
Grouprevenues
PROFITABILITY TARGET OVER ACHIEVED
POSITIVE FCFEVERY YEAR
1.1%
2.2%
4.9%
2.8%
3.9%
6.4%
2010 2014 2016
Automotive COP
Group COP 1,084
597
827
1,083 1,033
2011 2012 2013 2014 2015 2016
Free cash flow1,107
52INVESTOR RELATIONSRENAULT PRESENTATION JUNE 2017 PROPERTY OF GROUPE RENAULT
KADJAR
TRAFIC MASTER
KWID OROCH
HOW WE MET OUR TARGETS
RECENT LAUNCHES 2014-2015
EUROPE
OUTSIDE EUROPE
A SegmentMarch 2014
May 2015
April 2014
LCV April 2014
C Segment - MPV
Global AccessNov. 2015Sept. 2015
LCV
NEW TWINGO
NEW ESPACE
March 2015
D Segment
TALISMAN
Dec. 2015
D Segment -Sedan
Pick-up 1/2T
2014
2015
2015
53INVESTOR RELATIONSRENAULT PRESENTATION JUNE 2017 PROPERTY OF GROUPE RENAULT
MEGANE ESTATETALISMAN SCENIC SHORT SCENIC LONG
KADJAR China KOLEOS CHN/KOR PICK-UP 1T LATAM KAPTUR RUS
HOW WE MET OUR TARGETS
10 LAUNCHES IN 2016
EUROPE
OUTSIDE EUROPE
C Segment - HatchJan. 2016 Dec. 2016Sept. 2016April 2016
C Segment - MPVSept. 2016
C Segment C Segment - MPV
D Segment Dec. 2016Sept. 2016Sept. 2016
B Segment June 2016
C SegmentMarch 2016
MEGANE SEDAN
D Segment - Estate
NEW MEGANE
C Segment
54INVESTOR RELATIONSRENAULT PRESENTATION JUNE 2017 PROPERTY OF GROUPE RENAULT
HOW WE MET OUR TARGETS PRODUCT ENRICHMENT
RANGE BEFORE 2010 RANGE 2010 - 2016
EXTENDED AUTONOMY
55INVESTOR RELATIONSRENAULT PRESENTATION JUNE 2017 PROPERTY OF GROUPE RENAULT
HOW WE MET OUR TARGETS SALES TO PARTNERS
40% contributionto growth of revenues2010 - 2016
56INVESTOR RELATIONSRENAULT PRESENTATION JUNE 2017 PROPERTY OF GROUPE RENAULT
4 KEY-FUNCTIONS CONVERGENCEALLIANCE SYNERGIES
2009 2010 2011 2012 2013 2014 2015 2016e
Renault Nissan
≥ €4.3bn
€3.8bn
ACCELERATING ALLIANCE SYNERGIES
PURCHASING UPSTREAM ENGINEERING
HUMANRESOURCES
MANUFACTURING& LOGISTICS
€4.3bn
4 KEY-FUNCTIONS CONVERGENCE
57INVESTOR RELATIONSRENAULT PRESENTATION JUNE 2017 PROPERTY OF GROUPE RENAULT
CAPEX AND R&D CAPPED at 9%
2008 2009 2010 2011 2012 2013 2014 2015 2016
NET CAPEX 5.6 % 4.4 % 2.5 % 3.1% 4.3 % 3.8 % 3.4% 3.5% 3.7 %
NET R&D 5.5 % 4.5 % 4.0 % 3.8% 3.8 % 3.7 % 4.0% 4.4% 4.5%
TOTAL 11.1 % 8.9 % 6.5 % 7.0% 8.1% 7.5% 7.4% 7.9% 8.2%
% OF GROUP REVENUES
ALLIANCE BENEFITS TO RENAULT: R&D AND CAPEX
58INVESTOR RELATIONSRENAULT PRESENTATION JUNE 2017 PROPERTY OF GROUPE RENAULT
A LEADER IN CO2 EMISSION REDUCTION
59INVESTOR RELATIONSRENAULT PRESENTATION JUNE 2017 PROPERTY OF GROUPE RENAULT
OPERATING MARGIN IMPROVEMENT
3.0 %
> 5 %
VolumeCostreduction
Enrichment Net
Raw material
ProvisionFOREX
FY2013 > FY2016
60INVESTOR RELATIONSRENAULT PRESENTATION JUNE 2017 PROPERTY OF GROUPE RENAULT
2010 – 2016 COST REDUCTIONS
1,0992.8%
3,2826.4%
Volume
EnrichmentNet
FOREX
2011 2016
Raw material
(million euros)
Costreductions
> €3billion
2010 – 2016 CUMULATED
61INVESTOR RELATIONSRENAULT PRESENTATION JUNE 2017 PROPERTY OF GROUPE RENAULT
2016 : A ROBUST MILESTONE FOR OUR MID-TERM PLANMARGIN IMPROVEMENT
1,9%
3,0%
3,9%
5,1%
6,4%
0,1%
1,3%
2,2%
3,5%
4,9%
2012 restated 2013 2014 2015 2016 GROUP OPERATING MARGIN AUTOMOTIVE OPERATING MARGIN
> 5% in 2017*
* target
62INVESTOR RELATIONSRENAULT PRESENTATION JUNE 2017 PROPERTY OF GROUPE RENAULT
DIVIDEND POLICY
0,000,30
1,16
1,72 1,721,90
2,40
3,15
2009 2010 2011 2012 2013 2014 2015 2016proposal
DIVIDENDS PAID IN € PER SHARES
� First phase of the plan, dividend paid based on dividends received from shareholdings in listed companies, with a one-year time lag.
� The purpose of that policy was to raise the profile of the dividend while achieving the debt reduction target.
� For the second phase of the plan, pay-out policy independent of the dividends received on holdings in listed companies.
� Aim of this policy : offer returns at least equivale nt to the average of European automakers.
� The dividend will be paid on June 23rd
63INVESTOR RELATIONSRENAULT PRESENTATION JUNE 2017 PROPERTY OF GROUPE RENAULT
GROUPE RENAULT GLOBAL ACCESS 06
64INVESTOR RELATIONSRENAULT PRESENTATION JUNE 2017 PROPERTY OF GROUPE RENAULT
23145
248367
510 535687
814954
1 084 1 142 1 123
1 343
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
GLOBAL ACCESS PROGRAM SALES EVOLUTION – OVER 1.3M UNITS IN 2016
IN K UNITS
65INVESTOR RELATIONSRENAULT PRESENTATION JUNE 2017 PROPERTY OF GROUPE RENAULT
GLOBAL ACCESS PLATFORM : THE RIGHT TOOL FOR INTERNATIONAL EXPANSION
% OF INTERNATIONAL SALES UPON M0 PLATFORM
66%
34%
MO Others
66INVESTOR RELATIONSRENAULT PRESENTATION JUNE 2017 PROPERTY OF GROUPE RENAULT
GLOBAL ACCESS PROGRAM RECIPE FOR SUCCESS
� Two different business models:
� Dacia Brand in Europe and Euromed (43% of the sales)
� Renault Brand for International development (57% of the sales)
� The “right” level of vehicle content
� Adjusted for the different markets
� High carry-over to minimize investment
� Seven bodies on the same platform
� Localization
NEW LOGAN
DUSTER
67INVESTOR RELATIONSRENAULT PRESENTATION JUNE 2017 PROPERTY OF GROUPE RENAULT
PRODUCT LINE-UP07
68INVESTOR RELATIONSRENAULT PRESENTATION JUNE 2017 PROPERTY OF GROUPE RENAULT
PRODUCT RENEWALRENAULT ESPACE
69INVESTOR RELATIONSRENAULT PRESENTATION JUNE 2017 PROPERTY OF GROUPE RENAULT
PRODUCT RENEWALRENAULT TALISMAN
KADJAR
70INVESTOR RELATIONSRENAULT PRESENTATION JUNE 2017 PROPERTY OF GROUPE RENAULT
PRODUCT RENEWALRENAULT MEGANE
71INVESTOR RELATIONSRENAULT PRESENTATION JUNE 2017 PROPERTY OF GROUPE RENAULT
PRODUCT RENEWALRENAULT SCENIC
72INVESTOR RELATIONSRENAULT PRESENTATION JUNE 2017 PROPERTY OF GROUPE RENAULT
PRODUCT EXTENSIONRENAULT KWID
KADJAR
73INVESTOR RELATIONSRENAULT PRESENTATION JUNE 2017 PROPERTY OF GROUPE RENAULT
PRODUCT EXTENSIONRENAULT KAPTUR
74INVESTOR RELATIONSRENAULT PRESENTATION JUNE 2017 PROPERTY OF GROUPE RENAULT
PRODUCT EXTENSIONRENAULT KADJAR
KADJAR
75INVESTOR RELATIONSRENAULT PRESENTATION JUNE 2017 PROPERTY OF GROUPE RENAULT
PRODUCT EXTENSIONRENAULT OROCH
76INVESTOR RELATIONSRENAULT PRESENTATION JUNE 2017 PROPERTY OF GROUPE RENAULT
PRODUCT EXTENSIONRENAULT ALASKAN
77INVESTOR RELATIONSRENAULT PRESENTATION JUNE 2017 PROPERTY OF GROUPE RENAULT
RENAULT RANGE
78INVESTOR RELATIONSRENAULT PRESENTATION JUNE 2017 PROPERTY OF GROUPE RENAULT
RENAULT RANGE
79INVESTOR RELATIONSRENAULT PRESENTATION JUNE 2017 PROPERTY OF GROUPE RENAULT
DACIA & RSM RANGE
80INVESTOR RELATIONSRENAULT PRESENTATION JUNE 2017 PROPERTY OF GROUPE RENAULT
ANNEXES08
81INVESTOR RELATIONSRENAULT PRESENTATION JUNE 2017 PROPERTY OF GROUPE RENAULT
P&L STATEMENT SINCE 2000 PUBLISHED
2000* 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016in K units
Registration 2 289 2 409 2 404 2 389 2 489 2 533 2 433 2 484 2 382 2 309 2 626 2 722 2 550 2 628 2 712 2 802 3 183production 2 348 2 375 2 344 2 385 2 472 2 516 2 385 2 659 2 421 2 199 2 599 2 637 2 725 2 520 2 574 2 864 3 175
in€ m
Revenues 40 175 36 351 36 336 37 525 40 715 41 338 41 528 40 682 37 791 33 712 38 971 42 628 40 720 40 932 41 055 45 327 51 243o/w Automotive 31 486 33 841 34 456 35 535 38 645 39 458 39 605 38 679 35 757 31 951 37 172 40 679 38 612 38 775 38 874 43 108 48 995
o/w sales financing 1 656 1 828 1 880 1 990 2 070 1 880 1 923 2 003 2 034 1 761 1 799 1 949 2 108 2 157 2 181 2 219 2 248Cost of goods and services sold -30 214 -28 240 -28 17 8 -29 273 -31 162 -32 137 -32 499 -31 408 -29 659 -26 978 -30 620 -33 848 -33 017 -33 611 -33 310 -36 094 -40 256Research and development expenses -2 048 -1 935 -1 143 -1 243 -1 383 -2 034 -1 963 -1 850 -1 858 -1 795 -1 834 -2 017 -1 915 -1 812 -1 721 -2 044 -2 370SG&A -4 838 -4 538 -4 363 -4 452 -4 581 -4 918 -5 018 -4 949 -4 770 -4 382 -4 605 -4 751 -4 534 -4 267 -4 415 -4 814 -5 335Operating margin 2 022 473 1 483 1 402 2 418 1 323 1 063 1 354 212 -396 1 099 1 091 782 1 242 1 609 2 375 3 282Operating margin in % 5,0% 1,3% 4,1% 3,7% 5,9% 3,2% 2,6% 3,3% 0,6% -1,2% 2,8% 2,6% 1,9% 3,0% 3,9% 5,2% 6,4%
o/w Automotive 1 574 216 1 189 1 035 1 974 858 571 882 -275 -902 396 330 34 495 858 1 546 2 386Operating AUTO margin in % 5,0% 0,6% 3,5% 2,9% 5,1% 2,2% 1,4% 2,3% -0,8% -2,8% 1,1% 0,8% 0,1% 1,3% 2,2% 3,6% 4,9%
o/w sales financing 253 252 294 367 444 465 492 472 487 506 703 761 748 747 751 829 896Other operating income and expenses -319 231 -266 -168 -270 191 -186 -116 -329 -559 -464 153 -599 -1 276 -504 -199 1Operating income 1 703 704 1 217 1 234 2 148 1 514 877 1 23 8 -117 -955 635 1 244 183 -34 1 105 2 176 3 283Financial expense -69 -64 -91 -71 -348 -327 61 76 441 -404 -376 -121 -321 -282 -333 -221 -323Capital gain on sale of shares in Volvo AB 2 000 924
Share in net income of companies accounted for by the equity method
89 380 1 331 1 860 2 020 2 597 2 260 1 675 437 -1 561 1 289 1 524 1 504 1 444 1 362 1 371 1 638
o/w Nissan 56 497 1 335 1 705 1 767 2 275 1 871 1 288 345 -902 1 084 1 332 1 234 1 498 1 559 1 976 1 741o/w Volvo -26 71 175 240 308 384 352 226 -301 214 136 80
o/w AvtoVAZ -370 -21 49 186 -34 -182 -605 -89Current and deferred taxes -649 -67 -447 -510 -634 -331 -255 -255 -162 -148 -58 -508 -549 -433 -136 -366 -1 055Group net income 1 074 953 2 010 2 513 3 186 3 453 2 943 2 734 599 -3 068 3 490 2 139 1 712 695 1 998 2 960 3 543Renault net income 1 080 1 051 1 956 2 480 3 119 3 367 2 869 2 669 571 -3 125 3 420 2 092 1 749 586 1 890 2 823 3 419EPS 4,5 4,4 7,5 9,3 11,7 13,2 11,2 10,3 2,2 -12,1 12,7 7,7 6,4 2,2 6,9 10,4 12,6Number of shares 239 798 239 998 259 560 265 960 265 960 255 177 256 994 258 621 256 532 257 514 269 292 272 381 272 256 272 290 273 049 272 708 271 968
workforce 166 114 140 417 132 351 130 740 130 573 126 584 128 893 130 179 129 069 121 422 122 615 128 322 127 086 121 807 117 395 120 136 124 849o/w Europe NA NA NA NA NA 107 519 93 580 87 080 83 712 76 633 74 431 74 769 71 444 66 467 65 902 67 973 70 664
BEFORE IFRS IFRS
82INVESTOR RELATIONSRENAULT PRESENTATION JUNE 2017 PROPERTY OF GROUPE RENAULT
CASH FLOW STATEMENT
PUBLISHED
IFRSin € m 2000* 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016AUTO EBIT 1 467 458 928 858 1 710 1 058 303 767 -608 -1 457 -78 478 -615 -770 406 1 347 2 326Depreciation & amortization 1 817 1 683 1 938 2 117 2 133 2 658 2 817 2 815 2 892 3 124 3 045 2 820 3 299 3 164 2 702 2 689 2 779AUTOMOTIVE EBITDA 3 284 2 141 2 866 2 975 3 843 3 716 3 120 3 582 2 284 1 667 2 967 3 298 2 684 2 394 3 108 4 036 5 105
Cash flow 3 027 1 290 2 919 2 806 3 798 3 589 3 288 3 616 2 373 1 386 3 074 2 910 2 577 2 914 3 138 3 451 4 362Change in WC -1 657 1 751 322 239 401 -533 -346 -26 -2 704 2 923 395 627 922 790 596 663 356Capex and R&D cost -2 289 -2 546 -2 968 -2 533 -2 823 -2 879 -3 585 -3 565 -3 385 -2 054 -1 644 -2 212 -2 674 -2 543 -2 416 -2 729 -3 047
CAPEX -2 253 -2 497 -2 284 -1 927 -2 035 -2 046 -2 494 -2 278 -2 260 -1 465 -978 -1 325 -1 910 -1 811 -1 571 -1 853 -2 144CAPITALIZED R&D -36 -49 -684 -606 -788 -833 -1 091 -1 287 -1 125 -589 -666 -887 -764 -732 -845 -876 -903
Others 135 -248 -155 -241 -228 -334 -235 -352 -564OPERATIONAL FCF -919 495 273 512 1 376 177 -508 25 -3 716 2 007 1 670 1 084 597 827 1 083 1 033 1 107
Dividends received from Nissan 99 183 267 345 383 431 456 418 0 88 274 427 406 432 547 728Dividends received from Volvo 0 77 77 208 120 158 477 258 81 0 38 47Dividends received from Daimler 22 27 27 32 34 44Dividends received from others excl; RCI 7 6 13 13 3 12 0 0 1 6FCF -912 600 533 856 1 929 693 94 961 -3 028 2 088 1 758 1 419 1 077 1 260 1 547 1 614 1 879
DIVIDEND PAID 183 219 258 316 383 493 684 883 1 054 0 0 88 -402 -537 -542 -599 -794
BEFORE IFRS
83INVESTOR RELATIONSRENAULT PRESENTATION JUNE 2017 PROPERTY OF GROUPE RENAULT
-919
495273
512
1377
177
-508
25
-3716
20071670
1084
597827
1083 1033 1107738
-1256
-49
273
845 710
-162
51
-1012 -916
1275
457
-325
37
487 370751
-4000
-2000
0
2000
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Operational Free Cash Flow Operational Free Cash Flow excluding WCR evolution
(million euros)
A STRONGER FCF MANAGEMENT
84INVESTOR RELATIONSRENAULT PRESENTATION JUNE 2017 PROPERTY OF GROUPE RENAULT
8,2 9,7 10,1 11,8 13,615,9
19,721,2 22,119,4
16,5
22,824,6 24,6 23,2 24,928,5
30,9
- 2,7
- 4,8- 3,9- 2,5 - 1,7
- 1,6
- 2,3- 2,4- 2,1
- 7,9- 5,9
- 1,4- 0,3
1,5 1,8 2,1 2,7 2,7
1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Shareholders' equityAutomotive Net cash
*
AUTOMOTIVE DIVISION FULLY DELEVRAGED
(billion euros)FormerGAAPs
IFRSGAAPs
* From 2016, automotive net cash & Shareholder’s equity include AvtoVAZ
85INVESTOR RELATIONSRENAULT PRESENTATION JUNE 2017 PROPERTY OF GROUPE RENAULT
FUNDING & LIQUIDITY PROFILE- RENAULT SA ONLY
� RSA total funding : 5.9 billions €In million euros at December 31, 2016
Bonds, Banks & assimilated (in millions euros *)
� Liquidity reserve: - Available back-up lines : 3.3 billions €- Cash & cash equivalents: 11.8 billions €
Automobile Division
86INVESTOR RELATIONSRENAULT PRESENTATION JUNE 2017 PROPERTY OF GROUPE RENAULT
RENAULT IN BRIEF09
87INVESTOR RELATIONSRENAULT PRESENTATION JUNE 2017 PROPERTY OF GROUPE RENAULT
RENAULT – IN BRIEF
� Renault was founded in 1898 and is listed on the Pa ris NYSE Euronext since 1995
� Renault created an Alliance with Nissan in 1999
� Renault has strategic cooperation with Daimler
� Market capitalization of €25 bn as of Dec 2016
� Renault employs 124,849 employees worldwide
� 3,182,625 vehicles sold worldwide in 2016
� The Renault brand is ranked # 2 in Europe
� The company is a bond issuer via two entities:
� Renault, rated BBB- by S&P (positive outlook) / Baa3 (stable outlook) by Moody’s
� RCI Banque, its financing arm, rated Baa1 (stable outlook) by Moody’s / BBB (stable outlook) by S&P
OWNERSHIP OF CAPITAL AT END 2016
1 Nissan does not exercise the voting rights attached to these shares2 Shares acquired for the purposes of stock option an d performance shares
programs. These shares have no voting rights attach ed3 A strategic cooperation between the Renault-Nissan Alliance and Daimler AG
was announced in April 2010;
Total share capital €1,127mm
Total number of shares 295,722,284
Source: Renault SA
88INVESTOR RELATIONSRENAULT PRESENTATION JUNE 2017 PROPERTY OF GROUPE RENAULT
GROUP STRUCTURE AT DEC. 31 2016
RCIBANQUE
RENAULTSAMSUNGMOTORS
AvtoVAZ
OTHER COMPANIESindustrial, commercial,
refinancing and cash management concerns
RENAULT
S.A.S.DACIA
NISSAN MOTOR
RENAULT SA
100 %
43.4 %
99.4 %
1.55 %
100 % 80.1 %64.6%
DAIMLER AG
Renault GroupAlliance and Cooperation
Alliance Rostec
Auto B.V.
73.3%
MITSUBISHI
MOTORS
34 %
89INVESTOR RELATIONSRENAULT PRESENTATION JUNE 2017 PROPERTY OF GROUPE RENAULT
57%
11%
15%
12%5%
Sales by Region
Europe
Americas
Africa - ME -
India
Eurasia
Asia-Pacific
RENAULT SALES IN 2016
3%
23%
39%
15%
5%
15%
Sales by segmentA
B
MO (excl. LCV)
C
D/E
LCV
MAIN CARS SALES IN 2015 (PC+LCV) IN KUNITS
461 404337 329
261 259
150 112 99
0
100
200
300
400
500
CLIO
- B seg
SANDERO - M
O
LOGAN - M
O
DUSTER - M
O
CAPTUR - B
SEG
MEGANE/SCENIC
KANGOO - LC
V
KWID - M
0
TRAFIC - LC
V
78%
18% 4%
Sales by brand
RENAULT DACIA RSM
90INVESTOR RELATIONSRENAULT PRESENTATION JUNE 2017 PROPERTY OF GROUPE RENAULT
HEADCOUNT EVOLUTION
74 73 71 70 70 68 63 60 55 54 55 50 49 46 46 46
28 2423 26 24 26
24 2422 20 20
18 17 20 22 25
3531 31 28 33 35 43 45
44 49 5356 56 51 52
54
0
20
40
60
80
100
120
140
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
France EUROPE Outside Europe
129 130 129121 123 128
Headcount in thousand of employees
excluding early retirement schemes
137128 125 127 127 117124 122
125
91INVESTOR RELATIONSRENAULT PRESENTATION JUNE 2017 PROPERTY OF GROUPE RENAULT
INTERNATIONAL SALES EXPANSION
11%
17% 17% 17%19%
23%27%
30%
35%37%
34%37%
43%
50% 50%
46%
42%43%
1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
% OF UNIT SALES OUTSIDE EUROPE
92INVESTOR RELATIONSRENAULT PRESENTATION JUNE 2017 PROPERTY OF GROUPE RENAULT
RENAULT INVESTORS RELATION CONTACT
Thierry Huon
Investor Relations Director
+33 1 76 84 53 09
Nicolas Chaillan
Investor Relations
+33 1 76 83 05 13
Clémentine de Quatrebarbes
Investor Relations
+33 1 76 84 60 89
Investor relations internet site: http://group.renault.com/finance
93INVESTOR RELATIONSRENAULT PRESENTATION JUNE 2017 PROPERTY OF GROUPE RENAULT