scenic presentation - renault group, constructeur automobile
TRANSCRIPT
UPDATE ON CMF C-D
A. ABBOUD
PROGRAM DIRECTOR, C-SEGMENT
SEPTEMBER 26, 2016 2
INVESTOR RELATIONS
SCENIC TEST DRIVE
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 website (www.group.renault.com),
in the section Finance / Regulated Information.
DISCLAIMER
SEPTEMBER 26, 2016 3
INVESTOR RELATIONS
SCENIC TEST DRIVE
10 MODEL LAUNCHES IN 2016 -> 8 ON CMF C-D
C-D SEGMENT RENEWAL COMPLETED BY YEAR-END -> TOTAL 10 BODIES ON CMF C-D
Renault MEGANE Renault TALISMAN ESTATE Renault KADJAR - CHINE Renault MEGANE ESTATE Renault KAPTUR
Renault KOLEOS Renault ALASKAN Renault SCENIC Renault GRAND SCENIC Renault MEGANE SEDAN
SEPTEMBER 26, 2016 4
INVESTOR RELATIONS
SCENIC TEST DRIVE
REMINDER: CMF & PLATFORMS2WD
4WD
MPV
SUV
SED
H/B
SEPTEMBER 26, 2016 5
INVESTOR RELATIONS
SCENIC TEST DRIVE
REMINDER: WHAT ARE THE EXPECTED BENEFITS?
COST REDUCTIONS
-20 to -30%PURCHASING
-30 to -40%
ENTRY TICKET
(R&D and CAPEX)
SEPTEMBER 26, 2016 6
INVESTOR RELATIONS
SCENIC TEST DRIVE
COST REDUCTION
ENTRY TICKET(w/o China)
C&D
PREVIOUS PROGRAM
C&D PROGRAM
CMF BASED
BODIES 14 10
VOLUMES (Life cycle) ~5m ~5m
C-D SEGMENT
PREVIOUS CMF C-D
~ € 3 bn
~ € 5 bn
C-D SEGMENT
SEPTEMBER 26, 2016 7
INVESTOR RELATIONS
SCENIC TEST DRIVE
CMF C-D: IMPROVED COST STRUCTURE
CMF COST BENEFITS
CMF GAIN
PREVIOUS NEW
REGULATION,
SAFETY & OTHER COSTS
CUSTOMER
VALUE
Better cost structure permits higher customer value
SEPTEMBER 26, 2016 8
INVESTOR RELATIONS
SCENIC TEST DRIVE
LEVERAGING CMF C-D
A NEW STEP TOWARDS GROUP OPERATING MARGIN >5%*
PREVIOUS
GENERATIO
N
PROFITABILITY
NEW
GENERATIO
N
C&D
SEGMENT
* Measured in 2017
SCENIC PRESENTATION
C. MECHAI
CHIEF MARKETING MANAGER, C-SEGMENT
▕ Scenic Saga Success▕
2 257 551
1 650 000
1 005 817
4 913 368
SCENIC I SCENIC II SCENIC III(à fin mai 2016)
TOTAL
5 million car sold in 20 years
YTD 05/16
▕ European C-segment trends by body type ▏
3,000,000
2,500,000
2,000,000
1,500,000
1,000,000
500,000
Hatch
Crossovers / 4x4s
MPVs
Three-volume saloonsCoupes Cabriolets
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
▕ Competitors ▏
Citroën C4 Picasso VW Golf Sportsvan Ford C-MAX BMW Tourer Mercedes B-Class
Citroën Grand C4 Picasso VW Touran Ford Grand C-MAX BMW Gran Tourer Peugeot 5008 Opel Zafira Tourer
▕ New Scenic Price Policy [ France – Business versions]▕
Lis
t P
ric
e
NEW
SCENIC
Business
Comp.
2
Comp.
3
Comp.
4
Comp.
5
▕ Residual value Corporate Forecast [France] : Top 2▕
Residual
Value
NEW
SCENIC
Business
36 months/90 000 km
Comp.
2
Comp.
3
Comp.
4
Comp.
5
Estimated TCO 36 months/90 000 km - versions dCi 110HP or eqvlt SMR = Service Maintenance Repair
▕ TCO at market level [France]▕
Comp.
2Comp.
3
Comp.
4Comp.
5
Diesel ENGINE
ENERGY
dCi 95MT6
dCi 110MT6
dCi 110MT6
dCi 110EDC7
dCi 130MT6
dCi 160EDC6
HYBRID ASSISTECO2
Petrol engine
ENERGY
TCe 115MT6
TCe 130MT6
▕ Leading the way in CO2 thanks to a 92g Hybrid Assist▕
CO2
140
130
120
110
100
Diesel
Petrol
NEW
SCENIC
90
150
Comp.
2
Comp.
3
Comp.
7
Comp.
5
Comp.
6
▕ In a nutshell▕
A 4th Generation with 2 new cars (Short & Long Version) after 20 years success
A breakthrough design, smart modularity and latest technology
A wide engine range with a new Hybrid assist Technology at 92g CO2
An increased Residual Value
Manufactured in Douai, France
BUSINESS UPDATE
C. DELBOS
EVP, CFO
SEPTEMBER 26, 2016 22
INVESTOR RELATIONS
SCENIC TEST DRIVE
* PC+LCV including USA & Canada
TIV EVOLUTION JULY & AUGUST 2016 (VS 2015)
RUSSIA -17.3%
TURKEY -21.8%
ALGERIA -12.5%
IRAN +55.6%
INDIA +14.6%
BRAZIL -15.8%
ARGENTINA +15.4%
COLOMBIA -18.8%
WORLD*
TIV +4.6%
EURASIA
TIV -17.1%
AFRICA-ME-INDIA
TIV +7.7%
AMERICAS
TIV -2.1%
ASIA-PACIFIC
TIV +12.3%
EUROPE
TIV +4.0%
FRANCE -1.5%
GERMANY +2.8%
UK +0.9%
SPAIN +8.2%
ITALY +12.5%
SEPTEMBER 26, 2016 23
INVESTOR RELATIONS
SCENIC TEST DRIVE
390
203
5944
64
19
447
222
5286
65
22
RENAULT GROUP UNIT REGISTRATIONS JULY & AUGUST 2016 (vs 2015)
GLOBAL
+14.6%
EUROPE
+9.5%
AMERICAS
+1.1%
ASIA-PACIFIC
+16.1%
AFRICA-ME-INDIA
+93.5%
EURASIA
-12.7%
K units
(PC+LCV)
WORLD MARKET SHARE: 3.24% (+0.28 pts)
+4.6% TIV +4.0% -17.1% +7.7% -2.1% +12.3%
GROUP
2015 2016 2015 2016 2015 2016 2015 2016 2015 2016 2015 2016
SEPTEMBER 26, 2016 24
INVESTOR RELATIONS
SCENIC TEST DRIVE
* PC+LCV including USA & Canada
TIV EVOLUTION YTD AUGUST 2016 (VS 2015)
RUSSIA -14.9%
TURKEY -5.0%
ALGERIA -49.6%
IRAN +5.4%
INDIA +7.3%
BRAZIL -22.8%
ARGENTINA +8.5%
COLOMBIA -14.1%
WORLD*
TIV +3.3%
EURASIA
TIV -11.2%
AFRICA-ME-INDIA
TIV -2.5%
AMERICAS
TIV -6.4%
ASIA-PACIFIC
TIV +6.6%
EUROPE
TIV +8.3%
FRANCE +7.0%
GERMANY +6.3%
UK +2.7%
SPAIN +11.5%
ITALY +18.7%
SEPTEMBER 26, 2016 25
INVESTOR RELATIONS
SCENIC TEST DRIVE
1 772
1 052
218 195 22878
2 015
1 191
217 295
223 89
RENAULT GROUP UNIT REGISTRATIONS YTD AUGUST 2016 (vs 2015)
GLOBAL
+13.7%
EUROPE
+13.2%
AMERICAS
-1.9%
ASIA-PACIFIC
+13.6%
AFRICA-ME-INDIA
+50.7%
EURASIA
-0.6%
K units
(PC+LCV)
WORLD MARKET SHARE: 3.45% (+0.32 pts)
+3.3% TIV +8.3% -11.2% -2.5% -6.4% +6.6%
GROUP
2015 2016 2015 2016 2015 2016 2015 2016 2015 2016 2015 2016
SEPTEMBER 26, 2016 26
INVESTOR RELATIONS
SCENIC TEST DRIVE
H2 2016 RISKS & OPPORTUNITIES
BREXIT
R&D COSTS
SUPPLY
NEW PRODUCTS IN EUROPE
NEW SEGMENT COVERAGE IN EM
LOWER LAUNCH COSTS
SEPTEMBER 26, 2016 27
INVESTOR RELATIONS
SCENIC TEST DRIVE
OUTLOOK 2016
In 2016, the global market is expected to record growth around 1,7%
compared to 2015. The European market, as well as the French one, are now
expected to increase by at least 5%.
Outside Europe, the Brazilian and Russian markets are expected to decline : -
15% to -20% for Brazil and -12% for Russia. On the contrary, China (+4% to
+5%) and India (+7% to +9%) should pursue their positive momentum.
THE GROUP* CONFIRMS ITS FY 2016 GUIDANCE :
Increase group revenues (at constant exchange rates)
Improve group operating margin
Generate a positive Automotive operational free cash flow
* at constant scope of consolidation