Carlos GHOSN President and CEO 2009 MIXTE GENERAL MEETING MAY 6th, 2009
EXECUTIVE COMMITTEE Carlos GHOSN President & CEO Patrick PELATA COO Odile DESFORGES Philippe KLEIN Michel GORNET EVP, Plan, Product planning EVP, Manufacturing EVP, Engineering and Quality Programs and Logistics Jérôme STOLL Katsumi NAKAMURA Thierry MOULONGUET EVP, Sales & Marketing Asia-Africa Region Leader EVP, CFO Europe Region Leader 2009 MIXTE GENERAL MEETING MAY 6th, 2009
ORDRE DU JOUR Christian HUSSON Secrétaire de l’Assemblée 2009 MIXTE GENERAL MEETING MAY 6th, 2009
DOCUMENTS ON THE FLOOR OF THE MEETING Legal gazette, Bulletin des Annonces Légales Obligatoires, ! of 20 February 2009, in which notice of this General Meeting was published Legal gazettes, Bulletin des Annonces Légales Obligatoires of 23 ! March 2009 and Le Journal des Petites Affiches of 23 March 2009, in which the notice of call to the meeting was published Legal gazettes, Bulletin des Annonces Légales Obligatoires of 15 ! April 2009 and Le Journal des Petites Affiches of 15 April 2009, in which the amended notice of call to the meeting was published Report on the company’s activity ! Annual financial statements for the company Renault SA ! 2009 MIXTE GENERAL MEETING MAY 6th, 2009
DOCUMENTS ON THE FLOOR OF THE MEETING Report by the Statutory Auditors on the company’s financial ! statements Report on regulated agreements concerning Renault s.a.s. ! Report by the Statutory Auditors on internal control procedures, ! and the report by the Chairman of the Board of Directors pertaining thereto Articles of Association in force ! List of registered shareholders in the form of a CD ROM ! Attendance sheet, currently being checked, which will be placed ! on the floor of the meeting very shortly, as well as the proxy powers of represented shareholders 2009 MIXTE GENERAL MEETING MAY 6th, 2009
DOCUMENTS ON THE FLOOR OF THE MEETING Documents contained in the brochure : Presentation of the resolutions and their wording ! CVs of the directors whose renewal and appointment are being proposed ! to the General Meeting Reports by the Statutory Auditors (on the consolidated financial ! statements, the company’s financial statements, regulated agreements, equity loans, financial operations concerning the registered capital (12th, 13th, 14th, 15th, 16th and 20th resolutions) Special reports to the General Meeting on stock options and bonus share ! awards Report by the Board of Directors to the General Meeting deciding as ! Extraordinary General Meeting Description of the share buy-back programme to be authorised by ! the General Meeting Table setting out the company’s results over the last five financial years ! 2009 MIXTE GENERAL MEETING MAY 6th, 2009
AGENDA OF SHAREHOLDERS’ GENERAL MEETING As ordinary: Approval of the consolidated financial statements for the 2008 financial year ! ( 1 st resolution ) Approval of the Company’s financial statements for the 2008 financial year ! ( 2 nd resolution ) ( 3 rd résolution ) Appropriation of the results for 2008 ! ( 4 th resolution ) Agreements referred to in the article L.225-38 of the Commercial code ! ( 5 th resolution ) Renewal of a director’s term office ! ( 6 th resolution ) Appointment of a director ! ( 7 th resolution ) Appointment of a director ! ( 8 th resolution ) Appointment of a director elected by the employee shareholders ! ( 9 th resolution ) Appointment of a director elected by the employee shareholders ! Report by the statutory auditors on elements used to determine the remuneration of ! ( 10 th resolution ) redeemable shares Authorisation for the Company to trade in its own shares on the stock market ! ( 11 th resolution ) 2009 MIXTE GENERAL MEETING MAY 6th, 2009
AGENDA OF SHAREHOLDERS’ GENERAL MEETING As extraordinary: (12 th resolution) Authorisation to cancel holdings of the Company’s own shares ! ! Delegation of powers to the Board of directors in order to issue ordinary shares and securities granting access to the registered capital, with maintenance of the (13 th resolution) shareholders’ preferential subscription right ! Delegation of powers to the Board of Directors in order to issue ordinary shares and securities granting acess to the registered capital, with exclusion of the (14 th resolution) shareholders’ preferential right ! Delegation of powers of the Board of Directors in order to issue ordinary shares and securities granting access to the share capital of another company, as remuneration for contributions in kind made to the Company in the form of shares or securities granting access to share capital of another company (15 th resolution) (16 th resolution) ! Global limitation of authorisations 2009 MIXTE GENERAL MEETING MAY 6th, 2009
AGENDA OF SHAREHOLDERS’ GENERAL MEETING As extraordinary: Delegation of powers to the Board of Directors to increase the Company’s capital ! by incorporating reserves or profits, share issue premiums or contribution issue (17 th resolution) premiums ( 20 th resolution) ! Capital increase by the issue of shares reserved to employees As ordinary: (21 st resolution) Powers for formalities ! 2009 MIXTE GENERAL MEETING MAY 6th, 2009
COMMERCIAL RESULTS Jérôme STOLL EVP, Sales & Marketing 2009 MIXTE GENERAL MEETING MAY 6th, 2009
2008 COMMERCIAL RESULTS FOR RENAULT GROUP Global - 4.1% Outside Europe Europe - 7.2% + 1.7% 2,485 2,382 EuroMed Americas Asia Africa 1,624 + 4.1% - 4.6% + 12.3% 1,507 424 405 255 245 215 192 2007 2008 2007 2008 2007 2008 2007 2008 2007 2008 Thousands of units PC+LCV 2009 MIXTE GENERAL MEETING MAY 6th, 2009
SUCCESS OF THE ENTRY RANGE 550 Thousands of units 500 Over 500,000 sales Sandero 450 Logan pick up 400 350 Logan van 300 Logan MCV 250 200 150 Logan berline 100 50 0 2008 2004 2005 2006 2007 2009 MIXTE GENERAL MEETING MAY 6th, 2009
2009 OUTLOOK 72 World TIV (million of units) 68 68 64 64 - 19% 60 56 55 52 2009 forecast 48 44 40 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 1991 1993 1995 1997 1999 2001 2003 2005 2007 2009 2009 MIXTE GENERAL MEETING MAY 6th, 2009
UNCERTAIN CAR MARKETS IN EUROPE Europe France Germany Italy GB Spain 20% 10% 0% -10% -20% -30% -40% -50% H1 2008 Q3 2008 Q4 2008 Q1 2009 2009 MIXTE GENERAL MEETING MAY 6th, 2009
UNCERTAIN CAR MARKETS OUTSIDE EUROPE South Romania Russia Turkey India Brazil Argentina Korea 40% 20% 0% -20% -40% -60% -80% H1 2008 Q3 2008 Q4 2008 Q1 2009 2009 MIXTE GENERAL MEETING MAY 6th, 2009
2009: ONGOING PRODUCT OFFENSIVE 1 st HALF Mégane Kangoo Clio 3 Scénic Mégane Coupe be bop phase 2 & Grand Scénic Estate 2 nd HALF Mégane SM5 Trafic ph3 New Master SM3 Renault Sport 2009 MIXTE GENERAL MEETING MAY 6th, 2009
MÉGANE COUPE 2009 MIXTE GENERAL MEETING MAY 6th, 2009
KANGOO BE-BOP 2009 MIXTE GENERAL MEETING MAY 6th, 2009
NEW CLIO RANGE 2009 MIXTE GENERAL MEETING MAY 6th, 2009
NEW GRAND SCENIC 2009 MIXTE GENERAL MEETING MAY 6th, 2009
NEW MEGANE ESTATE 2009 MIXTE GENERAL MEETING MAY 6th, 2009
NEW MEGANE: SUCCESSFUL LAUNCH 1 2 3 4 2009 4 5 6 7 8 9 10 11 12 2008 12 13 14 2009 MIXTE GENERAL MEETING MAY 6th, 2009
2009 COMMERCIAL PERSPECTIVE Uncertain markets ! Full year for: New Mégane, Sandero et Symbol ! Product offensive ongoing in 2009: ! Clio 3 ph2, Mégane Estate, Scénic, Master… " Improvement of market share 2009 MIXTE GENERAL MEETING MAY 6th, 2009
Q1 2009 COMMERCIAL RESULTS Global - 22.4% Europe - 22% incl. France - 11.3% Outside Europe 639 496 - 23.1% Americas EuroMed Eurasia Asia Africa 418 - 17.8% - 23.8% - 40.3% - 20.2% 326 17 28 66 67 55 51 59 47 2008 2009 2008 2009 2008 2009 2008 2009 2008 2009 2008 2009 Thousands of units (PC + LCV) 2009 MIXTE GENERAL MEETING MAY 6th, 2009
ORDERBANK: VEHICLES NOT YET REGISTERED Europe Orderbank PC+LCV 2009 2008 2007 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2009 MIXTE GENERAL MEETING MAY 6th, 2009
FINANCIAL RESULTS Thierry MOULONGUET Executive Vice President Chief Financial Officer 2009 MIXTE GENERAL MEETING MAY 6th, 2009
FY 2008 FINANCIAL RESULTS: HIGHLIGHTS €37.8 bn Group revenues €212 m Group operating margin €599 m Net income €7.9 bn Automobile net financial debt 2009 MIXTE GENERAL MEETING MAY 6th, 2009
Q4 2008: A RAPID & BRUTAL DOWNTURN + 6.5% Q2 2008 Q3 2008 Q4 2008 + 4.2% + 4.0% + 2.5% + 0.4% - 2.2% - 3.5% Q1 2008 - 6.0% - 7.0% - 21.8% Production - 30.0% Change vs. 2007 Auto Revenues Registrations - 45.0% 2009 MIXTE GENERAL MEETING MAY 6th, 2009
A YEAR OF TWO HALVES Change (million euros) 2008 2007 2008/2007 Revenues 37,791 - 7.0% (1) 40,682 Operating margin 212 - 1,142 1,354 In % of revenues 0.6% 3.3% - 2.7pt Other operating income - 329 - 213 - 116 & expenses Financial result 441 + 365 76 Associated companies 437 - 1,238 1,675 Net income 599 - 2,135 2,734 (1) On a consistent basis, FY2007 = €40,620 m 2009 MIXTE GENERAL MEETING MAY 6th, 2009
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