groupe renault natixis – conference industrials plenary … · 2017-06-23 · plenary session. 2...

GROUPE RENAULT NATIXIS – CONFERENCE INDUSTRIALSPLENARY SESSION

2INVESTOR RELATIONSRENAULT PRESENTATION MAY 31, 2017 PROPERTY OF GROUPE RENAULT

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.

DISCLAIMER

3INVESTOR RELATIONSRENAULT PRESENTATION MAY 31, 2017 PROPERTY OF GROUPE RENAULT

DRIVE THE CHANGE HOW WE MET OUR TARGETS

01

4INVESTOR RELATIONSRENAULT PRESENTATION MAY 31, 2017 PROPERTY OF GROUPE RENAULT

HOW WE MET OUR TARGETS (2010 - 2016 UPDATE)

GROWTH TARGETOVER ACHIEVED

39.041.1

51.2

2010 2014 2016

Grouprevenues

PROFITABILITY TARGET OVER ACHIEVED

POSITIVE FCFEVERY 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

5INVESTOR RELATIONSRENAULT PRESENTATION MAY 31, 2017 PROPERTY OF GROUPE RENAULT

HOW WE MET OUR TARGETS PRODUCT ENRICHMENT

RANGE BEFORE 2010 RANGE 2010 - 2016

EXTENDED AUTONOMY

6INVESTOR RELATIONSRENAULT PRESENTATION MAY 31, 2017 PROPERTY OF GROUPE RENAULT

HOW WE MET OUR TARGETS SALES TO PARTNERS

40% contributionto growth of revenues2010 - 2016

7INVESTOR RELATIONSRENAULT PRESENTATION MAY 31, 2017 PROPERTY OF GROUPE RENAULT

2010 – 2016 COST REDUCTIONS

1,0992.8%

3,2826.4%

Volume

EnrichmentNet

FOREX

2011 2016

Raw material

(million euros)

Costreductions

> €3billion

2010 – 2016 CUMULATED

8INVESTOR RELATIONSRENAULT PRESENTATION MAY 31, 2017 PROPERTY OF GROUPE RENAULT

4 KEY-FUNCTIONS CONVERGENCEALLIANCE SYNERGIES

2009 2010 2011 2012 2013 2014 2015 2016e 2018

Renault Nissan

OB

JEC

TIV

E

€5.5bn

€3.8bn

ACCELERATING ALLIANCE SYNERGIES

PURCHASING UPSTREAM ENGINEERING

HUMANRESOURCES

MANUFACTURING& LOGISTICS

€4.3bn

4 KEY-FUNCTIONS CONVERGENCE

≥€4.3bn

9INVESTOR RELATIONSRENAULT PRESENTATION MAY 31, 2017 PROPERTY OF GROUPE RENAULT

2017 SALES RESULTS – YTD APRIL

02

10INVESTOR RELATIONSRENAULT PRESENTATION MAY 31, 2017 PROPERTY OF GROUPE RENAULT

1 044

593

185129 100

37

1168

631

195 162114

66

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

+12.0%+12.5%

EUROPE

+6.5%+6.4%

AMERICAS

+14.4%+14.3%

ASIA-PACIFIC

+79.5%+79.0%

AFRICA-ME-INDIA

+25.8%+25.5%

EURASIA

+5.2%+5.1%

INTERNATIONAL +19.2%

K units

(PC+LCV)

+3.5% TIV +4.2% -0.1% +2.6% +6.7% +5.8%

GROUPGROUP excl. LADA

WORLD MARKET SHARE: 3.8% (+0.3 pts)

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

11INVESTOR RELATIONSRENAULT PRESENTATION MAY 31, 2017 PROPERTY OF GROUPE RENAULT

2017 Q1 RESULTS AND PERSPECTIVES

03

12INVESTOR RELATIONSRENAULT PRESENTATION MAY 31, 2017 PROPERTY OF GROUPE RENAULT

� STRONG START IN ALL REGIONS FOR THE GROUP

� BUOYANT EUROPEAN MARKET DESPITE UNCERTAINTIES

� FIRST POSITIVE SIGNS IN RUSSIA AND BRAZIL

� POSITIVE FX

� AVTOVAZ CONSOLIDATION

� FY GUIDANCE CONFIRMED

KEY TAKE-AWAYS FROM Q1 RESULTS

13INVESTOR RELATIONSRENAULT PRESENTATION MAY 31, 2017 PROPERTY OF GROUPE RENAULT

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

� Renault is leader in Europe (+46% vs Q1 2016)� Renault market share: 28.1% (+2.3 pts vs Q1 2016)

SALES: STRENGTHENING LEADERSHIP ORDERS: BREAKTHROUGH ON ZOE

+90% vs Q1 2016

9476

4977

Jan Feb Mar

ZOE CUMUL ORDERS 2017

ZOE CUMUL ORDERS 2016

14INVESTOR RELATIONSRENAULT PRESENTATION MAY 31, 2017 PROPERTY OF GROUPE RENAULT

RENAULT GROUP REVENUES BY DIVISION IN Q1 2017

In million euros Q1 2017 ChangeQ1 2016

Automotive excl. AVTOVAZ

Sales Financing

AVTOVAZ

Eliminations with AVTOVAZ

TOTALExcl. AVTOVAZ consolidation impact

11,939

621

750

-181

13,12912,560

+20.1%

+13.5%

-

-

+25.2%

+19.7%

9,942

547

-

-

10,48910,489

15INVESTOR RELATIONSRENAULT PRESENTATION MAY 31, 2017 PROPERTY OF GROUPE RENAULT

9,942

11,939

+126

+914-5 +57

+242+350

+313

AUTOMOTIVE EXCLUDING AVTOVAZ REVENUES VARIANCE ANALYSIS

Currency

VolumeGeographic

mixProduct

mixPrice

Sales to partners

Others

+20.1%

+1.3 pts+9.2 pts -0.1 pts +0.6 pts +2.4 pts +3.5 pts +3.2 pts

In million euros CHANGE Q1 2017 / Q1 2016 : +€1,997m

Q1 2016 Q1 2017

16INVESTOR RELATIONSRENAULT PRESENTATION MAY 31, 2017 PROPERTY OF GROUPE RENAULT

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%

BRAZILstable

RUSSIA up to +5%

17INVESTOR RELATIONSRENAULT PRESENTATION MAY 31, 2017 PROPERTY OF GROUPE RENAULT

RISKS

� Raw materials

� Brexit impact

� Trade agreements

2017 OPPORTUNITIES AND RISKS

OPPORTUNITIES

� Full year impact of new products

� Alliance synergies

� Emerging markets recovery (Brazil, Russia)& ramp-up (China, India)

18INVESTOR RELATIONSRENAULT PRESENTATION MAY 31, 2017 PROPERTY OF GROUPE RENAULT

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