H1 2020 Financial Results INVESTOR RELATIONS – H1 2020 PRESENTATION JULY 30, 2020 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 Registration Document filed with the French Autorité des Marchés Financiers ). Actual results may differ materially from those projected or implied in these forward looking statements. These forward looking statements are made as of the date of this presentation. 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, exhaustiveness, adequacy, effectiveness and genuineness of any statements and information contained in this report. This information does not constitute an invitation to invest in shares or constitute or form a part of any offer for the sale or subscription of, or any offer to buy or subscribe for, any securities or other financial instruments. 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 2020 PRESENTATION JULY 30, 2020 PROPERTY OF GROUPE RENAULT 2
Agenda 01 CEO introduction Luca de Meo Chief Executive Officer 02 H1 2020 Financial Results Clotilde Delbos Deputy Chief Executive Officer Group Chief Financial Officer 03 Questions & Answers INVESTOR RELATIONS – H1 2020 PRESENTATION JULY 30, 2020 PROPERTY OF GROUPE RENAULT 3
01 CEO Introduction Luca de Meo Chief Executive Officer INVESTOR RELATIONS – H1 2020 PRESENTATION JULY 30, 2020 PROPERTY OF GROUPE RENAULT 4
02 H1 2020 Financial Results Clotilde Delbos Deputy Chief Executive Officer Group Chief Financial Officer INVESTOR RELATIONS – H1 2020 PRESENTATION JULY 30, 2020 PROPERTY OF GROUPE RENAULT 5
Key Take-Aways H1 : An unprecedented situation COVID-19 crisis impact ▪ Market slowdown even before the COVID-19 crisis ▪ ▪ Too high costs ▪ Adverse Forex & Raw materials ▪ Pricing discipline ▪ RCI resilience INVESTOR RELATIONS – H1 2020 PRESENTATION JULY 30, 2020 PROPERTY OF GROUPE RENAULT 6
Key Take-Aways Levers for recovery: 2o22 plan project ▪ Electrified line-up ▪ RCI Bank & Services ▪ Liquidity reserves ▪ INVESTOR RELATIONS – H1 2020 PRESENTATION JULY 30, 2020 PROPERTY OF GROUPE RENAULT 7
Groupe Renault’s Sales H1 2020 vs H1 2019 1,931 World Market Share: 4.0% 1,257 1,071 International -26.4% 624 346 297 218 206 151 114 90 71 Thousand units 2019 2020 2019 2020 2019 2020 2019 2020 2019 2020 2019 2020 (PC+LCV) Africa-ME-India- Global Europe Eurasia Americas China Pacific TIV* -28.3% -38.9% -14.1% -29.9% -37.7% -20.7% -30.8% GROUP -34.9% -41.8% -14.1% -44.7% -21.1% * PC+LCV including USA & Canada INVESTOR RELATIONS – H1 2020 PRESENTATION JULY 30, 2020 PROPERTY OF GROUPE RENAULT 8
H1 2020 Financial Results H1 2019 H1 2020 Change In million euros Group Revenues 28,050 18,425 -34.3% Operating profit 1,654 -1,203 -2,857 % of Group revenues 5.9% -6.5% -12.4 pts Other operating income & expenses -133 -804 -671 EBIT 1,521 -2,007 -3,528 Net financial income & expenses -184 -214 -30 Associated companies -35 -4,892 -4,857 Current & deferred taxes -254 -273 -19 Net income 1,048 -7,386 -8,434 INVESTOR RELATIONS – H1 2020 PRESENTATION JULY 30, 2020 PROPERTY OF GROUPE RENAULT 9
H1 2020 Group Revenues H1 2019 H1 2020 Change In million euros Global unit sales (units) 1,931,052 1,256,658 -34.9% Group revenues 28,050 18,425 -34.3% o/w Automotive excl. AVTOVAZ 24,791 15,727 -36.6% (1) o/w AVTOVAZ 1,557 1,089 -30.1% (2) o/w Mobility Services - 9 - o/w Sales Financing 1,702 1,600 -6.0% Q1 Q2 -21.3% -48.6% (1) AVTOVAZ net of eliminations (2) New segment as of 01/01/2020 INVESTOR RELATIONS – H1 2020 PRESENTATION JULY 30, 2020 PROPERTY OF GROUPE RENAULT 10
Automotive Excluding AVTOVAZ Revenues Variance Analysis Groupe Renault Change H1 2020 vs H1 2019: - €9,064m Automotive -9,064 Mobility Avtovaz RCI 28,050 Services -468 + 9 -102 18,425 Volume H1 2019 H1 2020 -7,335 Product 24,791 Geographic Price Sales to mix mix partners +496 +88 +57 Currency Others -1,804 -362 -204 -0.8 pts -29.6 pts +0.2 pts +0.4 pts +2.0 pts -7.3 pts -1.5 pts 15,727 -36.6% (million euros) H1 2020 H1 2019 INVESTOR RELATIONS – H1 2020 PRESENTATION JULY 30, 2020 PROPERTY OF GROUPE RENAULT 11
H1 2020 Operating Profit by Activity H1 2019 H1 2020 Change In million euros Group operating profit 1,654 -1,203 -2,857 % of Group revenues 5.9% -6.5% -12.4 pts o/w Automotive excl. AVTOVAZ 981 -1,648 -2,629 % of segment revenues 4.0% -10.5% -14.5 pts (1) o/w AVTOVAZ 82 -2 -84 (2) o/w Mobility Services - -22 -22 o/w Sales Financing 591 469 -122 (1) AVTOVAZ net of eliminations (2) New segment as of 01/01/2020 INVESTOR RELATIONS – H1 2020 PRESENTATION JULY 30, 2020 PROPERTY OF GROUPE RENAULT 12
Group Operating Profit Variance Analysis Change H1 2020 vs H1 2019 : - €2,857m Raw Mix / Net materials G&A Enrichment Monozukuri Volume & partners -90 -203 +133 -40 1,654 -2,078 H1 2020 (million euros) H1 2019 RCI Banque -1,203 & others -294 Currency AVTOVAZ (1) -201 -84 (1) AVTOVAZ net of eliminations INVESTOR RELATIONS – H1 2020 PRESENTATION JULY 30, 2020 PROPERTY OF GROUPE RENAULT 13
Cost Reduction Analysis Excluding AVTOVAZ Change H1 2020 vs H1 2019: +€93m Monozukuri +50 -133 +122 +133 -79 (million euros) Purchasing Warranty R&D Manufacturing G&A & Logistics INVESTOR RELATIONS – H1 2020 PRESENTATION JULY 30, 2020 PROPERTY OF GROUPE RENAULT 14
Group Operating Profit Variance Analysis Change H1 2020 vs H1 2019 : - €2,857m Raw Mix / Net materials G&A Enrichment Monozukuri Volume & partners -90 -203 +133 -40 1,654 -2,078 H1 2020 (million euros) H1 2019 RCI Banque -1,203 & others -294 Currency AVTOVAZ (1) -201 -84 (1) AVTOVAZ net of eliminations INVESTOR RELATIONS – H1 2020 PRESENTATION JULY 30, 2020 PROPERTY OF GROUPE RENAULT 15
RCI Banque H1 2019 H1 2020 New financings (€ bn) 10.9 7.7 Average performing assets (€bn) 46.7 48.1 Net banking income 4.35% 4.22% Cost of risk (customer & dealer) -0.40% -0.99% Operating expenses -1.36% -1.29% Pretax income 2.62% 1.98% Operating profit (€m) 591 469 (in percentage of average performing assets) INVESTOR RELATIONS – H1 2020 PRESENTATION JULY 30, 2020 PROPERTY OF GROUPE RENAULT 16
Other Operating Income & Expenses H1 2019 H1 2020 In million euros Restructuring costs -117 -166 Impairment of PP&E*, intangible assets and goodwill -12 -445 Capital gain/loss on disposal of assets +3 -153 Others -7 -40 Total other operating income & expenses -133 -804 * Property, Plant and Equipment INVESTOR RELATIONS – H1 2020 PRESENTATION JULY 30, 2020 PROPERTY OF GROUPE RENAULT 17
H1 2020 Financial Results H1 2019 H1 2020 Change In million euros Group Revenues 28,050 18,425 -34.3% Operating profit 1,654 -1,203 -2,857 % of Group revenues 5.9% -6.5% -12.4 pts Other operating income & expenses -133 -804 -671 EBIT 1,521 -2,007 -3,528 Net financial income & expenses -184 -214 -30 Associated companies -35 -4,892 -4,857 Current & deferred taxes -254 -273 -19 Net income 1,048 -7,386 -8,434 INVESTOR RELATIONS – H1 2020 PRESENTATION JULY 30, 2020 PROPERTY OF GROUPE RENAULT 18
Associated Companies H1 2019 H1 2020 Change In million euros -21 -4,817 -4,796 NISSAN -14 -75 -61 Others -35 -4,892 -4,857 Total associated companies Q1 Q2 -3,573 -1,244 INVESTOR RELATIONS – H1 2020 PRESENTATION JULY 30, 2020 PROPERTY OF GROUPE RENAULT 19
H1 2020 Financial Results H1 2019 H1 2020 Change In million euros Group Revenues 28,050 18,425 -34.3% Operating profit 1,654 -1,203 -2,857 % of Group revenues 5.9% -6.5% -12.4 pts Other operating income & expenses -133 -804 -671 EBIT 1,521 -2,007 -3,528 Net financial income & expenses -184 -214 -30 Associated companies -35 -4,892 -4,857 Current & deferred taxes -254 -273 -19 Net income 1,048 -7,386 -8,434 INVESTOR RELATIONS – H1 2020 PRESENTATION JULY 30, 2020 PROPERTY OF GROUPE RENAULT 20
Automotive Net Financial Position December 31, 2019: +€1,734m June 30, 2020: - €4,998m Excl. AVTOVAZ Cash flow* Operational free Net Change +22 in WCR cash flow Change (million euros) -3,829 Net tangible & intangible -6,375 investments -6,732 -2,543 Net capex Dividends -1,421 received Dividends from Financial listed co. paid -658 Capitalized R&D AVTOVAZ investments Restructuring FCF* 0 -7 & others Forex -464 Leased vehicles IFRS 16 impact -135 +110 -427 +77 -912 * w/o restructuring INVESTOR RELATIONS – H1 2020 PRESENTATION JULY 30, 2020 PROPERTY OF GROUPE RENAULT 21
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