GROUPE RENAULT 2016 FINANCIAL RESULTS CONFERENCE

GROUPE RENAULT 2016 FINANCIAL RESULTS CONFERENCE

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. 2

AGENDA 01 02 03 FY 2016 FINANCIAL RESULTS CLOTILDE DELBOS EVP, Group Chief Financial Officer 2016 REVIEW AND 2017 OUTLOOK CARLOS GHOSN Chairman & Chief Executive Officer QUESTIONS & ANSWERS 3

01 FY 2016 FINANCIAL RESULTS CLOTILDE DELBOS EVP, Group Chief Financial Officer 4

GROUPE RENAULT UNIT REGISTRATIONS 2016 VS 2015 K units (PC+LCV) 3,183 2,809 1,805 1,614 INTERNATIONAL +15.3% 491 356 364 360 354 354 124 167 GROUP GLOBAL +13.3% EUROPE +11.8% EURASIA +2.3% AFRICA-ME-INDIA +36.4% AMERICAS +0.1% ASIA-PACIFIC +34.5% TIV +4.6% +7.0% -6.3% -1.7% -4.1% +9.3% 5

FY 2016 GROUP REVENUES 2016 2015 CHANGE Global unit sales (units) * 3,182,625 2,808,926 +13.3% Group revenues 51,243 45,327 +13.1% of which: Automotive 48,995 43,108 +13.7% (million euros) Sales financing 2,248 2,219 +1.3% *2015 restated: since January 1, 2016, volumes for China are reported based on retail sales versus wholesales previously. H1 H2 +13.5% +12.7% 6

AUTOMOTIVE REVENUES VARIANCE ANALYSIS CHANGE 2016 vs 2015: + 5,887m Volume +3,816 Geographic mix +68 Product mix +312 Price +1,691 Sales to partners +1,099 Currency -1,686 Others +587 48,995 43,108 +8.9 pts +0.2 pts +0.7 pts +3.9 pts +2.5 pts -3.9 pts +1.4 pts +13.7% FY 2015 FY 2016 (million euros) 7

OPERATING PROFIT BY ACTIVITY 2016 2015* CHANGE AUTOMOTIVE 2,386 1,546 +840 % Automotive revenues 4.9% 3.6% +1.3 pts SALES FINANCING 896 829 +67 GROUP OPERATING PROFIT 3,282 2,375 +907 % Group revenues 6.4% 5.2% +1.2 pts (million euros) * restated IAS 12 H1 H2 4.7% 5.1% 8

GROUP OPERATING PROFIT VARIANCE ANALYSIS CHANGE 2016 vs 2015: + 907m Monozukuri +184 G&A -112 Raw materials +331 Mix / Net Enrichment +115 Volume & partners +1,036 RCI Banque & other activities +55 Currency -702 2,375 COST REDUCTION + 72m GROWTH + 1,091m 3,282 FY 2015* FY 2016 (million euros) * Restated IAS12 9

COST REDUCTION ANALYSIS CHANGE 2016 vs 2015: + 72m Monozukuri -101-260 +656-111 -112 Purchasing (million euros) Warranty R&D Manufacturing & Logistics G&A 10

GROUP OPERATING PROFIT VARIANCE ANALYSIS CHANGE 2016 vs 2015: + 907m Monozukuri +184 G&A -112 Raw materials +331 Mix / Net Enrichment +115 Volume & partners +1,036 RCI Banque & other activities +55 Currency -702 2,375 COST REDUCTION + 72m GROWTH + 1,091m 3,282 FY 2015* FY 2016 (million euros) * Restated IAS12 11

OTHER OPERATING INCOME & EXPENSES 2016 2015 Restructuring costs -283-157 Impairment of assets -38-53 Profit / loss on asset sales -4 +10 AVTOVAZ first full consolidation impact +325 - Others +1 +1 Total other operating income & expenses +1-199 (million euros) 12

FY 2016 FINANCIAL RESULTS 2016 2015 CHANGE Revenues 51,243 45,327 +13.1% Operating profit * 3,282 2,375 +907 in % of revenues 6.4% 5.2% +1.2pts Other operating income & expenses 1-199 +200 EBIT 3,283 2,176 +1,107 Net financial income & expenses -323-221 -102 Associated companies ** 1,638 1,371 +267 Current & deferred taxes * -1,055-366 -689 Net income ** (million euros) in % of revenues * 2015 restated IAS 12 ** 2015 restated for AVTOVAZ 3 month difference 3,543 6.9% 2,960 6.5% +583 +0.4pts 13

ASSOCIATED COMPANIES 2016 2015 CHANGE NISSAN 1,741 1,976-235 AVTOVAZ * -89-620 +531 Others -14 15-29 Total associated companies 1,638 1,371 +267 (million euros) * 2015 restated 14

FY 2016 FINANCIAL RESULTS 2016 2015 CHANGE Revenues 51,243 45,327 +13.1% Operating profit * 3,282 2,375 +907 in % of revenues 6.4% 5.2% +1.2pts Other operating income & expenses 1-199 +200 EBIT 3,283 2,176 +1,107 Net financial income & expenses -323-221 -102 Associated companies ** 1,638 1,371 +267 Current & deferred taxes * -1,055-366 -689 Net income ** (million euros) in % of revenues * 2015 restated IAS 12 ** 2015 restated for AVTOVAZ 3 month difference 3,543 6.9% 2,960 6.5% +583 +0.4pts 15

AUTOMOTIVE NET FINANCIAL POSITION (million euros) AUTO EXCL.VAZ AUTO INCL.VAZ Cash flow Change in WCR +356 Net tangible & intangible investments -3,611 DEC 31, 2015 2,661 N/A DEC 31, 2016 3,925 2,720 Net capex -2,144 4,362 Capitalized R&D -903 Leased Vehicles -564 Operational free cash flow Dividends received from listed co. Dividends paid +772-794 Share Buy-back Nissan +1,119 Financial investments & others -940 Net Change Auto Excl.VAZ 1,107 1,264 16

NEW VEHICLE DISTRIBUTION STOCK* EXCLUDING AVTOVAZ (IN K UNITS) 468 526 527 520 481 593 571 591 564 TOTAL 362 264 262 349 260 260 340 298 295 371 324 267 399 INDEPENDENT DEALERS 106 178 141 200 165 GROUP DEC'14 MAR'15 JUN'15 SEP'15 DEC'15 MAR'16 JUN'16 SEP'16 DEC'16 58 75 66 77 55 78 60 76 59 Number of days of sales (previous period) * 2014 & 2015 restated 17

AUTOMOTIVE DIVISION LIQUIDITY EXCLUDING AVTOVAZ DECEMBER 2015 DECEMBER 2016 LIQUIDITY RESERVES LIQUIDITY RESERVES Cash 11.6bn Cash 11.8bn Available credit lines 3.3bn Available credit lines 3.3bn TOTAL 14.9bn TOTAL 15.1bn 18

RCI BANQUE 2016 2015 New financings ( bn) 17.9 15.6 Average performing assets ( bn) 33.3 28.6 Net banking income 4.41% 4.75% Cost of risk (customer & dealer) -0.31% -0.33% Operating expenses* -1.39% -1.47% Pretax income* 2.74% 2.97% Operating profit ( m)* 896 829 (in percentage of average performing assets) * 2015 restated IAS12 19

RCI BANQUE RETAIL DEPOSIT ACTIVITY End 2016 End 2015 DEPOSITS 12.6 10.2 (billion euros) o/w GERMANY 8.1 7.0 o/w UNITED KINGDOM 2.6 1.3 o/w FRANCE 1.2 1.3 o/w AUSTRIA 0.7 0.6 20

02 2016 REVIEW & 2017 OUTLOOK CARLOS GHOSN Chairman - Chief Executive Officer 21

2016 FINANCIAL RESULTS GROUPE RENAULT 01 02 03 04 2016 RESULTS WRAP-UP DRIVE THE CHANGE UPDATE 2017 OUTLOOK FUTURE TRENDS 22

2016 OBJECTIVES MET & RECORD RESULTS REVENUES 2016 > 2015* * at constant exchange rates GROUP & AUTOMOTIVE OP. MARGIN 2016 > 2015 AUTOMOTIVE OPERATIONAL FREE CASH FLOW > 0 23

2016 ACHIEVEMENTS PRODUCT LAUNCHES 1. MEGANE 2. TALISMAN SW 3. MEGANE ESTATE 4. SCENIC 5. MEGANE SEDAN 6. GRAND SCENIC 7. KADJAR 8. KOLEOS COMPLETE RENEWAL WITH C & D SEGMENT PRODUCT OFFENSIVE IN CHINA WITH LOCAL PRODUCTION 9. KAPTUR 10. ALASKAN OTHER INTERNATIONAL LAUNCHES 24

2016 ACHIEVEMENTS CONSOLIDATION OF AVTOVAZ SUCCESSFUL RECAPITALIZATION NEW RECOVERY PLAN OPERATIONAL PROFITABILITY EXPECTED BY 2018 25

DRIVE THE CHANGE 2010-2016 UPDATE GROWTH TARGET OVER ACHIEVED PROFITABILITY TARGET OVER ACHIEVED POSITIVE FCF EVERY YEAR Group revenues 51.2 6.4% Automotive COP Free cash flow Group COP 4.9% 1,084 1,083 1,107 1,033 39.0 41.1 2.8% 2.2% 3.9% 597 827 1.1% 2010 2014 2016 2010 2014 2016 2011 2012 2013 2014 2015 2016 26

2010 2016 MORE DIVERSIFIED PRODUCT MIX NEW PRODUCTS Pioneer & leader in E.V Twizy Zoe Kangoo ZE Full cross-over line-up for all our markets Kwid Captur Kadjar Koleos (+QM6) Enlarged LCV range and Pick-ups Dokker Oroch Alaskan PRODUCTS RENEWAL Complete renewal of C&D segment Megane 4 Scenic 4 Talisman (+SM6) Espace 5 Reinforced leadership in B segment Clio 4 Captur 27

2010 2016 BETTER BALANCED REGIONAL MIX EUROPE SPAIN ITALY UK GERMANY FRANCE EURASIA TURKEY ASIA PACIFIC S. KOREA AMERICAS BRAZIL 2010 : 8 countries > 100,000 units sold 28

2010 2016 BETTER BALANCED REGIONAL MIX EURASIA EUROPE SPAIN ITALY UK GERMANY FRANCE TURKEY RUSSIA AMERICAS BRAZIL AMI INDIA IRAN ASIA PACIFIC S. KOREA 2010 : 8 countries > 100,000 units sold 2016 : 11 countries > 100,000 units sold 29

2010 2016 SALES TO PARTNERS 40% contribution to growth of revenues 2010-2016 30

2010 2016 SCALE EFFECTS CMF C-D SUV PLATFORM MODULAR APPROACH 2/3 of value of upcoming vehicles from standardized modules KADJAR KOLEOS <10% 60% QASHQAI XTRAIL 2010 > 2016 31

2010 2016 COMPETITIVENESS AGREEMENT 2017 2019 AGREEMENT 500m investment 3600 recruitments 220m in training 32

2010 2016 COST REDUCTIONS Cost reductions Raw material Enrichment Net Volume FOREX 1,099 2.8% > 3 billion 3,282 6.4% (million euros) 2011 2016 2010 2016 CUMULATED 33

2010 2016 PRODUCT ENRICHMENT RANGE BEFORE 2010 RANGE 2010-2016 EXTENDED AUTONOMY 34

2017 OPPORTUNITIES AND RISKS OPPORTUNITIES RISKS Full year impact of new products Alliance synergies Emerging markets recovery (Brazil, Russia) & ramp-up (China, India) Raw materials Brexit impact Trade agreements 35

2017 TIV OUTLOOK EUROPE +2% FRANCE +2% RUSSIA stable GLOBAL TIV * + 1.5% to + 2% INDIA +8% CHINA +5% * PC+LCV INCLUDING USA & CANADA BRAZIL BRAZIL stable -6% 36

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 37

BEYOND 2017 PREPARING FOR THE FUTURE ELECTRIC AUTONOMOUS CONNECTED 38

OUTLOOK 2017 AND BEYOND DRIVE THE CHANGE NEXT 2017 MID-TERM PLAN 2010-2016 39

03 QUESTIONS & ANSWERS 40

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