RENAULT GROUP UBS CONFERENCE: FRANKFURT 2011
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.renault.com), in the section Finance / Regulated Information. UBS AUTO CONFERENCE - FRANKFURT 13 SEPTEMBER 2011 2
AGENDA 01 WHERE WE WERE AT END H1 02 UPDATE JULY & AUGUST 03 OUTLOOK UBS AUTO CONFERENCE - FRANKFURT 13 SEPTEMBER 2011 3
RENAULT GROUP UNIT SALES H1 2011 vs. H1 2010 THOUSAND UNITS (PC + LCV) 1 349 1 374 898 832 179 154 129 133 129 143 46 80 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 + 1.9 % -7.4% + 34.9 % + 20.0 % -9.5% + 73.3 % INTERNATIONAL + 20.5 % 4
H1 2011 FINANCIAL RESULTS H1 2010 H1 2011 CHANGE Revenues 19,668 21,101 + 7.3 % Operating margin + 780 + 630-150 in % of revenues + 4.0 % + 3.0 % - 1.0 pts Other operating income & expenses -62 + 142 + 204 Net financial income & expenses -246-81 + 165 Associated companies + 531 + 557 + 26 Current & deferred taxes -180 + 5 + 185 Net income + 823 + 1,253 + 430 (million euros) 5
AUTOMOTIVE NET FINANCIAL DEBT REDUCTION IN H1 2011 DEC 31ST 2010 : 1,435 m JUNE 30TH 2011 : 1,221 m + 1,668 Cash flow - 437 Change In WCR Net tangible & intangible investments Leased vehicles - 585 Net Capex - 435 Capitalized R&D + 121 Operational free cash flow Dividends received from associates Dividends paid -90 + 144-89 Financial Investments & Others + 38 + 214 Decrease in net debt (million euros) 6
UPDATE JULY & AUGUST
TIV & GROUP UNIT SALES 2011 vs. 2010 : JULY & AUGUST * TIV + 1.5 % GROUP + 4.9 % TIV + 28.7 % GROUP + 67.3 % TIV + 2.1 % GROUP - 8.2 % TIV + 3.8 % GROUP + 15.4 % TIV - 3.4 % GROUP + 19.9 % TIV + 8.8 % GROUP + 14.6 % *Preliminary figures PC+LCV including USA & Canada 8
RENAULT GROUP UNIT SALES 2011 vs. 2010 : JULY & AUGUST INTERNATIONAL SALES MIX AT 51% (+ 7.0 PTS VS. 2010) THOUSAND UNITS (PC + LCV) 379 398 213 196 60 68 50 55 44 46 17 28 2010 2011 2010 2011 2010 2011 2010 2011 2010 2011 2010 2011 GLOBAL EUROPE AMERICAS EUROMED ASIA / AFRICA EURASIA + 4.9% -8.2% + 14.6 % + 15.4 % + 19.9 % + 67.3 % INTERNATIONAL + 21.6 % 9
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 2010 10
OUTLOOK 11
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
AUTOMOTIVE LIQUIDITY RESERVE AVAILABLE CREDIT LINES CASH 8.2 3.7 7.8 3.6 4.8 1.1 7.6 3.4 9.5 5.4 10.4 6.3 12.8 8.8 11.1 7.1 4.5 4.2 3.7 4.2 4.1 4.1 4.0 4.0 Dec 07 June 08 Dec 08 June 09 Dec 09 June 10 Dec 10 June 11 billion 13
RENAULT SA LONG TERM DEBT MATURITY 1.6 1.2 1.2 1.1 0.5 0.7 STD 2011 2012 2013 2014 2015 >2016 billion 14
INVENTORY MANAGEMENT 80 Number of days of sales (previous period) Renault balance sheet + independent dealers 69 67 60 45 52 47 50 51 56 49 53 59 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
GROUP UNIT SALES BREAKDOWN 35% INTERNATIONAL 43% 39% EUROPE excl. France 32% 26% FRANCE 25% 2007 2011 e 16
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% 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 June 2011 2011 2012 2013 Net capital expenditure and net R&D in % of group revenues 17
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 2011 2012 2013 2014-2016 Energy 130 dci Energy 110 Tce. EV RANGE. Tangiers Chennai AvtoVaz Internal combustion Zero emission New Alliance industrial capacity 18
PRODUCT LAUNCHES 2011 2012 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
FROM CONCEPT TO REALITY : EV INFRASTRUCTURE 20
FROM CONCEPT TO REALITY : EV COMMERCIALIZATION First customer deliveries Mantes (France) Brescia (Italy) Hamburg (Germany) 21
FROM CONCEPT TO REALITY : NEW DESIGN STRATEGY 2010 2011 2012 2013 2014 DEZIR CLIO IV CAPTURE R SPACE FRENZY Z 28 Z 29 TELL THE STORY DELIVER ON THE STORY 22
CONCEPT CAR FRENDZY 23
Q&A 24