GROUPE RENAULT NATIXIS CONFERENCE INDUSTRIALS PLENARY SESSION

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Transcription:

GROUPE RENAULT NATIXIS CONFERENCE INDUSTRIALS PLENARY SESSION

DISCLAIMER 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. 2

01 DRIVE THE CHANGE HOW WE MET OUR TARGETS 3

HOW WE MET OUR TARGETS (2010-2016 UPDATE) GROWTH TARGET OVER ACHIEVED PROFITABILITY TARGET OVER ACHIEVED POSITIVE FCF EVERY YEAR Group revenues 51.2 6.4% Automotive COP Free cash flow Group COP 4.9% 1,084 1,083 1,107 1,033 39.0 41.1 2.8% 2.2% 3.9% 597 827 1.1% 2010 2014 2016 2010 2014 2016 2011 2012 2013 2014 2015 2016 4

HOW WE MET OUR TARGETS PRODUCT ENRICHMENT RANGE BEFORE 2010 RANGE 2010-2016 EXTENDED AUTONOMY 5

HOW WE MET OUR TARGETS SALES TO PARTNERS 40% contribution to growth of revenues 2010-2016 RENAULT PRESENTATION MAY 31, 2017 PROPERTY OF GROUPE RENAULT 6

2010 2016 COST REDUCTIONS Cost reductions Raw material Enrichment Net Volume FOREX 1,099 2.8% > 3 billion 3,282 6.4% 2011 2016 (million euros) 2010 2016 CUMULATED 7

ACCELERATING ALLIANCE SYNERGIES 4 KEY-FUNCTIONS CONVERGENCE ALLIANCE SYNERGIES 5.5bn 4 KEY-FUNCTIONS CONVERGENCE 3.8bn 4.3bn 4.3bn OBJECTIVE PURCHASING UPSTREAM ENGINEERING 2009 2010 2011 2012 2013 2014 2015 2016e 2018 Renault Nissan MANUFACTURING & LOGISTICS HUMAN RESOURCES 8

02 2017 SALES RESULTS YTD APRIL 9

GROUPE RENAULT S UNIT REGISTRATIONS YTD APRIL 2017 VS 2016 (incl. Lada) K units (PC+LCV) 1168 1 044 WORLD MARKET SHARE: 3.8% (+0.3 pts) 593 631 INTERNATIONAL +19.2% 185 195 129 162 100 114 37 66 YTD'16 YTD'17 YTD'16 YTD'17 YTD'16 YTD'17 YTD'16 YTD'17 YTD'16 YTD'17 YTD'16 YTD'17 GROUP GROUP excl. LADA GLOBAL +12.0% +12.5% EUROPE +6.5% +6.4% AFRICA-ME-INDIA +25.8% +25.5% EURASIA +5.2% +5.1% AMERICAS +14.4% +14.3% ASIA-PACIFIC +79.5% +79.0% TIV +3.5% +4.2% +2.6% -0.1% +6.7% +5.8% 10

03 2017 Q1 RESULTS AND PERSPECTIVES 11

KEY TAKE-AWAYS FROM Q1 RESULTS 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 12

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 SALES: STRENGTHENING LEADERSHIP Renault is leader in Europe (+46% vs Q1 2016) Renault market share: 28.1% (+2.3 pts vs Q1 2016) ORDERS: BREAKTHROUGH ON ZOE 9476 4977 +90% vs Q1 2016 Jan Feb Mar ZOE CUMUL ORDERS 2017 ZOE CUMUL ORDERS 2016 13

RENAULT GROUP REVENUES BY DIVISION IN Q1 2017 In million euros Q1 2016 Q1 2017 Change Automotive excl. AVTOVAZ 9,942 11,939 +20.1% Sales Financing 547 621 +13.5% AVTOVAZ - 750 - Eliminations with AVTOVAZ - -181 - TOTAL 10,489 13,129 +25.2% Excl. AVTOVAZ consolidation impact 10,489 12,560 +19.7% 14

AUTOMOTIVE EXCLUDING AVTOVAZ REVENUES VARIANCE ANALYSIS In million euros CHANGE Q1 2017 / Q1 2016 : + 1,997m Volume +914 Geographic mix Product mix -5 +57 Price +242 Sales to partners +350 Currency +126 Others +313 11,939 9,942 +9.2 pts -0.1 pts +0.6 pts +2.4 pts +3.5 pts +1.3 pts +3.2 pts +20.1% Q1 2016 Q1 2017 15

2017 TIV OUTLOOK EUROPE +2% FRANCE +2% RUSSIA up to +5% GLOBAL TIV * + 1.5% to + 2.5% INDIA +8% CHINA +5% * PC+LCV INCLUDING USA & CANADA BRAZIL BRAZIL stable -6% 16

2017 OPPORTUNITIES AND RISKS OPPORTUNITIES RISKS Full year impact of new products Alliance synergies Emerging markets recovery (Brazil, Russia) & ramp-up (China, India) Raw materials Brexit impact Trade agreements 17

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 18