groupe renault deutsche bank conference · pdf fileinvestor relations –h1 results...

PROPERTY OF GROUPE RENAULT 1INVESTOR RELATIONS – H1 RESULTS PRESENTATION SEPTEMBER 2017

GROUPE RENAULT

DEUTSCHE BANK CONFERENCE – FRANKFURT 2017


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.


DRIVE THE CHANGE HOW WE MET OUR TARGETS

01


HOW WE MET OUR TARGETS (2010 - 2016 UPDATE)

GROWTH TARGET

OVER ACHIEVED

39.041.1

51.2

2010 2014 2016

Grouprevenues

PROFITABILITY TARGET

OVER ACHIEVED

POSITIVE FCF

EVERY 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


HOW WE MET OUR TARGETS PRODUCT ENRICHMENT

RANGE BEFORE 2010 RANGE 2010 - 2016

EXTENDED AUTONOMY


HOW WE MET OUR TARGETS SALES TO PARTNERS

40% contributionto growth of revenues

2010 - 2016


HOW WE INTENDED TO IMPROVE OPERATING MARGIN

3.0 %

> 5 %

VolumeCost

reduction

Enrichment

Net

Raw

material

Provision

FOREX

FY2013 > FY2016


WHAT WE ACHIEVED

1,0992.8%

3,2826.4%

Volume

EnrichmentNet

FOREX

2011 2016

Raw material

(million euros)

Cost

reductions

> €3billion

2010 – 2016 CUMULATED


4 KEY-FUNCTIONS CONVERGENCEALLIANCE SYNERGIES

2009 2010 2011 2012 2013 2014 2015 2016 2018

Renault NissanO

BJE

CT

IVE

€5.5bn

€3.8bn

ACCELERATING ALLIANCE SYNERGIES

PURCHASINGUPSTREAM

ENGINEERING

HUMANRESOURCES

MANUFACTURING& LOGISTICS

€4.3bn

4 KEY-FUNCTIONS CONVERGENCE

€5 bn


2017 SALES RESULTS – YTD JULY

02


1 963

1 098

346253

18977

2170

1163

386292

215115

YTD'16 YTD'17 YTD'16 YTD'17 YTD'16 YTD'17 YTD'16 YTD'17 YTD'16 YTD'17 YTD'16 YTD'17

GLOBAL

+10.5%

+10.3%

EUROPE

+5.9%

+5.8%

AMERICAS

+13.6%

+13.5%

ASIA-PACIFIC

+48.8%

+47.7%

AFRICA-ME-INDIA

+15.7%

+15.5%

EURASIA

+11.4%

+10.6%

INTERNATIONAL +16.5%

K units

(PC+LCV)

+2.6% TIV +4.3% +5.1% +0.4% +7.8% +3.8%

GROUP

GROUP excl. LADA

WORLD MARKET SHARE: 4.1% (+0.3 pts)

GROUPE RENAULT’S UNIT REGISTRATIONS YTD JULY 2017 VS 2016 (incl. Lada)


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

23 984

13 627

Mar Jun Aug

ZOE CUMUL ORDERS 2017

ZOE CUMUL ORDERS 2016

ZOE is leader in Europe (+48% vs 2016)

ZOE market share: 24.1% (+1 pts vs 2016)

Renault Leader on EV :

SALES: STRENGTHENING ZOE LEADERSHIP ORDERS: BREAKTHROUGH ON ZOE

+76% vs

2016 YTD

12 3

21 238

14 914

#4 8 163

#5 7 41611 237

YTD JULY 2017


2017 H1 RESULTS AND PERSPECTIVES

03


KEY TAKE-AWAYS FROM H1 RESULTS

ROBUST GROWTH IN ALL REGIONS

STRONG CONTRIBUTION FROM SALES TO PARTNERS

COST SAVINGS BACK ON TRACK

NEGATIVE MIX NET PRICE ENRICHMENT

AVTOVAZ IN A RECOVERY MODE


H1 2017 FINANCIAL RESULTS

In million euros H1 2016 H1 2017 CHANGE

REVENUES 25,185 29,537 +17.3%

OPERATING PROFIT 1,541 1,820 +279

% OF GROUP REVENUES +6.1% +6.2% +0.1 pts

OTHER OPERATING INCOME & EXPENSES -65 -31 +34

EBIT 1,476 1,789 +313

NET FINANCIAL INCOME & EXPENSES -67 -211 -144

ASSOCIATED COMPANIES 678 1,317 +639

CURRENT & DEFERRED TAXES -520 -479 +41

NET INCOME 1,567 2,416 +849

Nota Bene: AVTOVAZ accounted for by equity method in 2016 and fully consolidated in 2017


In million euros H1 2016 H1 2017 CHANGE

GROUP OPERATING PROFIT

% GROUP REVENUES

1,541+6.1%

1,820+6.2%

+279+0.1pts

o/w AUTOMOTIVE

% AUTOMOTIVE REVENUES

1,121+4.7%

1,292+4.8%

+171+0.1pts

o/w AVTOVAZ* - 3 +3

o/w SALES FINANCING 420 525 +105

H1 2017 OPERATING PROFIT BY ACTIVITY

*AVTOVAZ net of eliminations

Nota Bene: AVTOVAZ accounted for by equity method in 2016 and fully consolidated in 2017


1,8171,541

1,820

204

-44-132

-180 346

177-95 3

CurrencyVolume &

partnersMix / Net Enrichment

G&A

RCI Banque

& others

COST

REDUCTION

+€160m

H1 2016* H1 2017

incl. AVTOVAZ

Monozukuri Raw materials

GROWTH

+€523m

(million euros)

AVTOVAZ**

H1 2017

excl. AVTOVAZ

GROUP OPERATING PROFIT VARIANCE ANALYSIS

CHANGE H1 2017 vs H1 2016 : +€279m

* 2016 in previous perimeter excluding AVTOVAZ

** AVTOVAZ net of eliminations


CHANGE H1 2017 vs H1 2016: +€160m

+382

-11

-83

-84

-44

G&AManufacturing &

Logistics

R&DWarrantyPurchasing

Monozukuri

(million euros)

COST REDUCTION ANALYSIS EXCLUDING AVTOVAZ


RCI BANQUE

H1 2016 H1 2017

NEW FINANCINGS (€Bn) 8.9 10.4

AVERAGE PERFORMING ASSETS (€Bn) 31.9 38.6

NET BANKING INCOME 4.39% 4.44%

COST OF RISK (CUSTOMER & DEALER) -0.30% -0.29%

OPERATING EXPENSES -1.41% -1.37%

PRETAX INCOME 2.71% 2.83%

OPERATING PROFIT (€m) 420 525

( in percentage of average performing assets)


FX VOLATILITY

RAW MATERIALS

MARKET CHANNEL MIX IN EUROPE

MONOZUKURI

RECOVERY IN RUSSIA AND BRAZIL

NEW PRODUCTS

H2 2017 RISKS & OPPORTUNITIES


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%

BRAZIL

+5%

RUSSIA at least +5%


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


QUESTIONS & ANSWERS

03

groupe renault deutsche bank conference · pdf fileinvestor relations –h1 results...

Documents