H1 2018 FINANCIAL RESULTS INVESTOR RELATIONS – H1 2018 PRESENTATION JULY 27TH 2018 PROPERTY OF GROUPE RENAULT 1
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. INVESTOR RELATIONS – H1 2018 PRESENTATION JULY 27TH 2018 PROPERTY OF GROUPE RENAULT 2
AGENDA 01 COO HIGHLIGHTS & OUTLOOK THIERRY BOLLORÉ EVP & COO 02 H1 2018 FINANCIAL RESULTS CLOTILDE DELBOS EVP & CFO 03 H2 2018 RISKS & OPPORTUNITIES THIERRY BOLLORÉ EVP & COO 04 QUESTIONS & ANSWERS INVESTOR RELATIONS – H1 2018 PRESENTATION JULY 27TH 2018 PROPERTY OF GROUPE RENAULT 3
01 COO HIGHLIGHTS & OUTLOOK INVESTOR RELATIONS – H1 2018 PRESENTATION JULY 27TH 2018 PROPERTY OF GROUPE RENAULT 4
H1 2018 RECORD RESULTS RECORD REVENUES RECORD SALES in billion euros in million units 30.0 29.5 2.1* 1.9 H1 2017 H1 2018 H1 2017 H1 2018 GLOBAL SALES GROUP TURNOVER +9.8%* +1.4% * Including Jinbei & Huasong. Change without Jinbei & Huasong registrations: +5.3% INVESTOR RELATIONS – H1 2018 PRESENTATION JULY 27TH 2018 PROPERTY OF GROUPE RENAULT 5
H1 2018 RECORD RESULTS RECORD OPERATING PROFIT POSITIVE FREE CASH FLOW in million euros in million euros 418 1,914* 1,820 358 6.4%* 6.2% H1 2017 H1 2018 H1 2017 H1 2018 GROUP OPERATING MARGIN OPERATING FREE CASH FLOW +0.2 pts * Including IFRS15 impact for - € 70m INVESTOR RELATIONS – H1 2018 PRESENTATION JULY 27TH 2018 PROPERTY OF GROUPE RENAULT 6
NEW MODELS – PERFORMANCE YTD JUNE 2018 DUSTER & NEW DUSTER KWID AMERICAS In C-Crossover segment In A-segment FRANCE : #2 BRAZIL : #2 EUROPE : #5 ARGENTINA : #2 Duster 1st SUV in Europe PC Retail (All SUV segments – YTD May 2018 ) EV LEADER IN EUROPE ALPINE #1 on the EV Market (PC & LCV) 4800 reservations since with ZOE & Kangoo ZE launch. INVESTOR RELATIONS – H1 2018 PRESENTATION JULY 27TH 2018 PROPERTY OF GROUPE RENAULT 7
CAPEX AND R&D In million euros and in % of Group revenues 1,988 2,165 2,605 7.9% 7.3% 8.7% 1,126 842 873 Net CAPEX Net R&D Expenses 1,146 1,292 1,479 H1 2016* H1 2017 H1 2018 * without AVTOVAZ INVESTOR RELATIONS – H1 2018 PRESENTATION JULY 27TH 2018 PROPERTY OF GROUPE RENAULT 8
2018 TIV OUTLOOK RUSSIA > +10% FRANCE +2% EUROPE +1.5% CHINA +5% INDIA +8% BRAZIL +10% + 3 % GLOBAL TIV * * PC+LCV including USA & Canada INVESTOR RELATIONS – H1 2018 PRESENTATION JULY 27TH 2018 PROPERTY OF GROUPE RENAULT 9
2018 OUTLOOK THE GROUP IS AIMING TO: INCREASE GROUP REVENUES* (AT CONSTANT EXCHANGE RATES AND PERIMETER) MAINTAIN GROUP OPERATING MARGIN ABOVE 6.0%* GENERATE A POSITIVE AUTOMOTIVE OPERATIONAL FREE CASH FLOW * Excluding IFRS 15 impact INVESTOR RELATIONS – H1 2018 PRESENTATION JULY 27TH 2018 PROPERTY OF GROUPE RENAULT 10
02 H1 2018 FINANCIAL RESULTS INVESTOR RELATIONS – H1 2018 PRESENTATION JULY 27TH 2018 PROPERTY OF GROUPE RENAULT 11
GROUPE RENAULT’S UNIT REGISTRATIONS H1 2018 VS H1 2017 Renault, Dacia, Lada, RSM, Alpine WORLD MARKET SHARE: 4.3% +0.2pts Renault, Dacia, Lada, RSM, Alpine Jinbei, Huasong (J/H) 85 1,982 1,882 INTERNATIONAL +6.4% w/o J/H 1,071 +16.4% with J/H 1,026 323 372 240 252 85 182 214 100 86 K units (PC+LCV) GLOBAL EUROPE EURASIA AFRICA-ME-INDIA AMERICAS ASIA-PACIFIC TIV +4.2% +2.8% +9.4% +10.1% +6.3% +4.3% +5.3% w/o J/H -14.8% w/o J/H GROUP +4.4% +15.1% -4.5% +18.1% +9.8% with J/H +69.5% with J/H INVESTOR RELATIONS – H1 2018 PRESENTATION JULY 27TH 2018 PROPERTY OF GROUPE RENAULT 12
H1 2018 FINANCIAL RESULTS H1 2017 H1 2018 CHANGE In million euros 29,537 29,957 +1.4% REVENUES 1,820 1,914 +94 OPERATING PROFIT % OF GROUP REVENUES 6.2% 6.4% +0.2 pts OTHER OPERATING INCOME & EXPENSES -31 -180 -149 EBIT 1,789 1,734 -55 NET FINANCIAL INCOME & EXPENSES* -187 -121 +66 ASSOCIATED COMPANIES 1,317 814 -503 CURRENT & DEFERRED TAXES* -482 -387 +95 2,437 2,040 -397 NET INCOME* * 2017 restatement related to allocation of the purchase price paid for the AVTOVAZ Group and Renault SA redeemable shares INVESTOR RELATIONS – H1 2018 PRESENTATION JULY 27TH 2018 PROPERTY OF GROUPE RENAULT 13
H1 2018 GROUP REVENUES H1 2017 H1 2018 CHANGE In million euros 1,882,391 2,067,695* +9.8%* GLOBAL UNIT SALES (units) 29,537 29,957 +1.4% GROUP REVENUES 26,995 26,867 -0.5%** o/w AUTOMOTIVE 1,291 1,477 +14.4% o/w AVTOVAZ*** o/w SALES FINANCING 1,251 1,613 +28.9%** Q1 Q2 -2.5% +1.1% * Including Jinbei & Huasong. Change without Jinbei & Huasong registrations: +5.3 % **Change in the accounting treatment of interest rate subsidies : - € 278m on the Automotive excluding AVTOVAZ segment / + € 278m on sales financing *** AVTOVAZ net of eliminations INVESTOR RELATIONS – H1 2018 PRESENTATION JULY 27TH 2018 PROPERTY OF GROUPE RENAULT 14
AUTOMOTIVE EXCLUDING AVTOVAZ REVENUES VARIANCE ANALYSIS CHANGE H1 2018 vs H1 2017: - € 128m Sales to partners Geographic Price Product Currency Volume mix mix +324 -95 -119 +23 +839 -1,240 Others* +140 26,995 26,867* +3.1 pts -0.4 pts +0.1 pts +1.2 pts -0.4 pts -4.6 pts +0.5 pts -0.5% H1 2018 H1 2017 (million euros) * Including a change in the accounting treatment of interest rate subsidies for - € 278m on the Automotive excluding AVTOVAZ segment INVESTOR RELATIONS – H1 2018 PRESENTATION JULY 27TH 2018 PROPERTY OF GROUPE RENAULT 15
GROUP OPERATING PROFIT VARIANCE ANALYSIS CHANGE H1 2018 vs H1 2017 : + € 94m RCI Banque Volume & & others* Currency partners +10 Monozukuri G&A Raw +160 Mix / Net materials Enrichment -56 -368 +254 AVTOVAZ** -192 +184 +102 1,914* COST GROWTH 1,820 REDUCTION + € 170m + € 198m H1 2017 H1 2018 (million euros) * Including IFRS15 impact for - € 70m **AVTOVAZ net of eliminations INVESTOR RELATIONS – H1 2018 PRESENTATION JULY 27TH 2018 PROPERTY OF GROUPE RENAULT 16
COST REDUCTION ANALYSIS EXCLUDING AVTOVAZ CHANGE H1 2018 vs H1 2017: + € 198m Monozukuri -28 +30 -109 -56 +361 Purchasing Warranty R&D Manufacturing & G&A Logistics (million euros) INVESTOR RELATIONS – H1 2018 PRESENTATION JULY 27TH 2018 PROPERTY OF GROUPE RENAULT 17
GROUP OPERATING PROFIT VARIANCE ANALYSIS CHANGE H1 2018 vs H1 2017 : + € 94m RCI Banque Volume & & others* Currency partners +10 Monozukuri G&A Raw +160 Mix / Net materials Enrichment -56 -368 +254 AVTOVAZ** -192 +184 +102 1,914* COST GROWTH 1,820 REDUCTION + € 170m + € 198m H1 2017 H1 2018 (million euros) * Including IFRS15 impact for - € 70m **AVTOVAZ net of eliminations INVESTOR RELATIONS – H1 2018 PRESENTATION JULY 27TH 2018 PROPERTY OF GROUPE RENAULT 18
H1 2018 OPERATING PROFIT BY ACTIVITY H1 2017 H1 2018 CHANGE In million euros 1,820 1,914* GROUP OPERATING PROFIT +94 % GROUP REVENUES 6.2% 6.4% +0.2pts 1,292 1,215* -77 o/w AUTOMOTIVE % AUTOMOTIVE REVENUES 4.8% 4.5% -0.3pts 3 105 +102 o/w AVTOVAZ** 525 594 +69 o/w SALES FINANCING * Including IFRS15 impact for - € 70m **AVTOVAZ net of eliminations INVESTOR RELATIONS – H1 2018 PRESENTATION JULY 27TH 2018 PROPERTY OF GROUPE RENAULT 19
RCI BANQUE H1 2017 H1 2018 10.4 11.1 NEW FINANCINGS ( € Bn) 38.6 43.7 AVERAGE PERFORMING ASSETS ( € Bn) NET BANKING INCOME 4.44% 4.54% * -0.29% -0.37% COST OF RISK (CUSTOMER & DEALER) -1.37% -1.37% OPERATING EXPENSES 2.83% 2.85% PRETAX INCOME 525 594 OPERATING PROFIT ( € m) (in percentage of average performing assets) * From 2018 Cost of risk includes IFRS9 standards INVESTOR RELATIONS – H1 2018 PRESENTATION JULY 27TH 2018 PROPERTY OF GROUPE RENAULT 20
OTHER OPERATING INCOME & EXPENSES (INCL. AVTOVAZ) H1 2017 H1 2018 In million euros -65 -187 NET RESTRUCTURING COSTS IMPAIRMENT OF ASSETS -13 -34 +64 +46 CAPITAL GAIN/LOSS ON DISPOSAL OF FIXED ASSETS -17 -5 OTHERS -31 -180 TOTAL OTHER OPERATING INCOME & EXPENSES INVESTOR RELATIONS – H1 2018 PRESENTATION JULY 27TH 2018 PROPERTY OF GROUPE RENAULT 21
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