RENAULT GROUP UBS CONFERENCE: FRANKFURT 2011 UBS AUTO CONFERENCE - FRANKFURT 13 SEPTEMBER 2011 RENAULT PROPERTY

Transcription

1 RENAULT GROUP UBS CONFERENCE: FRANKFURT 2011

2 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 ( in the section Finance / Regulated Information. UBS AUTO CONFERENCE - FRANKFURT 13 SEPTEMBER

3 AGENDA 01 WHERE WE WERE AT END H1 02 UPDATE JULY & AUGUST 03 OUTLOOK UBS AUTO CONFERENCE - FRANKFURT 13 SEPTEMBER

4 RENAULT GROUP UNIT SALES H vs. H THOUSAND UNITS (PC + LCV) H1'10 H1'11 H1'10 H1'11 H1'10 H1'11 H1'10 H1'11 H1'10 H1'11 H1'10 H1'11 GLOBAL EUROPE AMERICAS EUROMED ASIA / AFRICA EURASIA % -7.4% % % -9.5% % INTERNATIONAL % 4

5 H FINANCIAL RESULTS H H CHANGE Revenues 19,668 21, % Operating margin in % of revenues % % pts Other operating income & expenses Net financial income & expenses Associated companies Current & deferred taxes Net income , (million euros) 5

6 AUTOMOTIVE NET FINANCIAL DEBT REDUCTION IN H DEC 31ST 2010 : 1,435 m JUNE 30TH 2011 : 1,221 m + 1,668 Cash flow Change In WCR Net tangible & intangible investments Leased vehicles Net Capex Capitalized R&D Operational free cash flow Dividends received from associates Dividends paid Financial Investments & Others Decrease in net debt (million euros) 6

7 UPDATE JULY & AUGUST

8 TIV & GROUP UNIT SALES 2011 vs : JULY & AUGUST * TIV % GROUP % TIV % GROUP % TIV % GROUP % TIV % GROUP % TIV % GROUP % TIV % GROUP % *Preliminary figures PC+LCV including USA & Canada 8

9 RENAULT GROUP UNIT SALES 2011 vs : JULY & AUGUST INTERNATIONAL SALES MIX AT 51% (+ 7.0 PTS VS. 2010) THOUSAND UNITS (PC + LCV) GLOBAL EUROPE AMERICAS EUROMED ASIA / AFRICA EURASIA + 4.9% -8.2% % % % % INTERNATIONAL % 9

10 EUROPEAN ORDERBOOK PC + LCV ORDER PORTFOLIO (Europe Region)! ORDERBOOK END JUNE:! +11 % VS JUNE 2010! O/W FRANCE +18 % JUNE 07 JUNE 08 JUNE 09 JUNE 10 JUNE 11! ORDERTAKE IN JULY & AUGUST IN LINE WITH NORMAL SEASONALITY! EUROPEAN ORDERBOOK AT END AUGUST 2011: +10 % VS AUGUST

11 OUTLOOK 11

12 OUTLOOK PUBLISHED END H1 FULL YEAR 2011 TOTAL INDUSTRY VOLUMES (PC+LCV VS FY 2010)! GLOBAL + 3 % to + 4%! EUROPE 0 % to - 2 %! FRANCE - 4 % to - 6 % SUPPLY CONSTRAINTS IMPROVING IN Q3! PRODUCTION RAMP UP 2011 FULL YEAR OUTLOOK CONFIRMED! UNIT SALES AND REVENUES > 2010! AUTOMOTIVE OPERATIONAL FREE CASH FLOW > 500m! CAPEX + R&D < 9 % OF GROUP REVENUES 12

13 AUTOMOTIVE LIQUIDITY RESERVE AVAILABLE CREDIT LINES CASH Dec 07 June 08 Dec 08 June 09 Dec 09 June 10 Dec 10 June 11 billion 13

14 RENAULT SA LONG TERM DEBT MATURITY STD >2016 billion 14

15 INVENTORY MANAGEMENT 80 Number of days of sales (previous period) Renault balance sheet + independent dealers JUN'08 SEP'08 DEC'08 MAR'09 JUN'09 SEP'09 DEC'09 MAR'10 JUN'10 SEP'10 DEC'10 MAR'11 JUN'11 15

16 GROUP UNIT SALES BREAKDOWN 35% INTERNATIONAL 43% 39% EUROPE excl. France 32% 26% FRANCE 25% e 16

17 CAPITAL EXPENDITURE AND R&D 10% 12,5% 11,8% 10,4% 11,2% 10,1% 11,2% 11,1% 11,1% TARGET: CAP 9% 8,9% 6,5% 7,2% June Net capital expenditure and net R&D in % of group revenues 17

18 OPTIMISED R&D AND INVESTMENT EXPENDITURES LCV PLATFORMS shared with Nissan, Daimler and GM B PLATFORM + M0 PLATFORM with shared modules A PLATFORM with Daimler (Smart/Twingo) C & D PLATFORM shared with Nissan Energy 130 dci Energy 110 Tce. EV RANGE. Tangiers Chennai AvtoVaz Internal combustion Zero emission New Alliance industrial capacity 18

19 PRODUCT LAUNCHES EV KANGOO ZE FLUENCE ZE TWIZY ZOE A/B TWINGO B HATCH India B SEDAN India CLIO 4 A-ENTRY Argentina C FLUENCE India C-SEGMENT MODEL YEAR D/E SM7 QM5 / KOLEOS KOLEOS India D-SEGMENT MODEL YEAR M0 SANDERO Brazil DUSTER Brazil DUSTER Russia DUSTER Columbia DUSTER India SANDERO Columbia LOGAN Iran FAMILY CAR SMALL LCV NEW MODEL REGIONAL INDUSTRIALIZATION FACELIFT 19

20 FROM CONCEPT TO REALITY : EV INFRASTRUCTURE 20

21 FROM CONCEPT TO REALITY : EV COMMERCIALIZATION First customer deliveries Mantes (France) Brescia (Italy) Hamburg (Germany) 21

22 FROM CONCEPT TO REALITY : NEW DESIGN STRATEGY DEZIR CLIO IV CAPTURE R SPACE FRENZY Z 28 Z 29 TELL THE STORY DELIVER ON THE STORY 22

23 CONCEPT CAR FRENDZY 23

24 Q&A 24