RENAULTExane European Seminar June 11th 2009

Thierry MOULONGUETEVP - CFO

2INVESTOR RELATIONS DEPARTMENT

AGENDA

1. Group commercial results

� Update at end May 2009

2. 2009 Funding Plan

� Renault & RCI Banque

3. Renault-Nissan Alliance

� €1.5bn additional synergies in 2009

� All contributing to the 2009 action plan

�Aiming for a positive Free Cash Flow

3INVESTOR RELATIONS DEPARTMENT

01 COMMERCIAL RESULTS END MAY’09RENAULT GROUP

4INVESTOR RELATIONS DEPARTMENT

AT END MAY’09 : SALES AT -20% VS. 2008

Thousand units (PC+LCV)D+1 prelimianry figures

International-22.5%

872

1089

2008 2009

GlobalGlobal--19.9%19.9% 708

577

2008 2009

EuropeEurope--18.5%18.5%

(incl. France(incl. France--11.0%)11.0%)

89116

2008 2009

11997

2008 2009

5332

2008 2009

93 77

2008 2009

EuroMedEuroMed--18.2%18.2%

AsiaAsia //AfricaAfrica--17.7%17.7%

EurasiaEurasia--39.3%39.3%

AmericasAmericas--23.0%23.0%

5INVESTOR RELATIONS DEPARTMENT

- 6.0%

+ 4.0%

- 7.0%

+ 4.2%

+ 0.4%

- 2.2%

+ 6.5%

+ 2.5%

- 3.5%

- 21.8%

Production

Auto RevenuesRegistrations

Q1 2008

Q2 2008 Q3 2008

- 45.0%

Q4 2008

- 30.0%Change vs. previous year

Q4 2008 A RAPID & BRUTAL DOWNTURN

Q1 2009

- 38.2%

-31.8%

- 22.4%

6INVESTOR RELATIONS DEPARTMENT

PRODUCTION LEVEL ADAPTED TO DEMAND

260

80

100

120

140

160

180

200

220

240

JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC

Thousand units 2008

60

Production forecast – Feb’09Renault global industrial output

Actual production level

2009

2009

7INVESTOR RELATIONS DEPARTMENT

2009 EUROPE ORDER BANK ABOVE 2008 SINCE END Q1 – SCRAPPING INCENTIVES STIMULATING DEMAND

Europe Orderbank PC+LCV(At the start of each month)

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

2007 2008 2009

8INVESTOR RELATIONS DEPARTMENT

Megane Renault Sport

Trafic ph3

2009 ACTION PLANPRODUCT LAUNCHES

2009

1st HALF

Scenic& Grand Scenic

Megane Estate

Clio III ph2KangooBe Bop

MeganeCoupé

SM3

2nd HALF

SM5

Vehicles outside Renault Commitment 2009 product planning

9INVESTOR RELATIONS DEPARTMENT

40

44

48

52

56

60

64

68

72

Dec-8

9Ju

n-90

Dec-9

0Ju

n -91

Dec-9

1Ju

n -92

Dec-9

2Ju

n -93

Dec-9

3Ju

n-94

Dec-9

4Ju

n-95

Dec-9

5Ju

n-96

Dec-9

6Ju

n-97

Dec-9

7Ju

n -98

Dec-9

8Ju

n-99

Dec-9

9Ju

n-00

Dec-0

0Ju

n -01

Dec-0

1Ju

n-02

Dec-0

2Ju

n-03

Dec-0

3Ju

n-04

Dec-0

4Ju

n-05

Dec-0

5Ju

n-06

Dec-0

6Ju

n-07

Dec-0

7Ju

n-08

Dec-0

8Ju

n-09

Dec-0

9

Global TIV (million units)

12-month sliding average

2009 level estimation(3-mth seasonal adjustment : Nov 08, Dec 08, Jan 09 )

64YTD end 2008 situation

2009 OUTLOOK

68

-14%-19%

55

10INVESTOR RELATIONS DEPARTMENT

02 2009 FUNDING PLAN

11INVESTOR RELATIONS DEPARTMENT

2009 AUTOMOBILE DIVISION FUNDING SUMMARY

Liquidity reserves(at Dec 31st 2008)

Cash = € 1.1 BnCredit lines = € 4.2 Bn(of which drawn = € 0.5 Bn)

TOTAL = € 4.8 Bn

Funding

>= € 3.4 Bn

French State = € 3 Bn

EIB = € 0.4 Bn

Capital markets ?

Funding needs

€ 3.5 BnCap. Market funding renewal= € 3 Bn

Credit line rebuild = € 0.5 Bn

� Plan on track : €3.4bn received� €0.4 bn from the EIB for CO2 investment support.

� €3 bn loan from the French Government

� Net automobile financial indebtedness :� The automobile division is focused on its priority : optimizing FCF

� At end Q1’09, net automotive financial debt increased by less than 10% vs. end Dec 2008 (€7.9 bn), including the change in law for supplier payables in France

� For information : Yen liabilities decreased from Y503 bn at end Dec’08 to Y282 bn at end Mar’09

12INVESTOR RELATIONS DEPARTMENT

2009 RCI BANQUE FUNDING SUMMARY

Liquidity reserves(at Dec 31st 2008)

Cash = € 0.5 BnECB eligible = € 1.5 BnCredit lines = € 5.2 Bn(of which drawn = € 0.75 Bn)

TOTAL = € 6.5 Bn

Funding

€ 3 Bn

SFEF funding = € 1 BnAdditional securitization = € 1 Bn

Capital market / Bank funding

Funding needs

€ 3 Bnof which…

� Plan on track : new funding concluded� RCI medium and long term funding :

� €0.8 bn SFEF : 2/3 of the available envelop. At end Q1

� € 750m 3-year bond ( 8.125% coupon)

� € 500m 18-month bond (5.875% coupon) finally increased by €250m, i.e. € 750m issued in total

� In line for its 2009 securitization plan

13INVESTOR RELATIONS DEPARTMENT

03 €1.5bn SYNERGIES : RENAULT-NISSAN ALLIANCE

14INVESTOR RELATIONS DEPARTMENT

Yesterday

The Alliance was a preferred option to optimize the performance of each partner in an environment where each company h ad the ability to grow.

Today

The Alliance is a priority lever to go through the crisis and prepare for the future growth to follow post-crisis

�Collaboration is no longer optional, but MANDATORY

�Our 10 year relationship is a UNIQUE COMPETITIVE ADVANTAGE to push the synergies further in a context of industry consolidation

A NEW STEP FOR THE ALLIANCE

15INVESTOR RELATIONS DEPARTMENT

ALLIANCE TEAM TO ACCELERATE SYNERGIES(within existing RNBV structure)

44%

15%

Joint companiesRNPO - RNIS

RE

NA

ULT

NIS

SA

N

50%50% RENAULT-NISSAN B.V.

Dedicated Alliance team

16INVESTOR RELATIONS DEPARTMENT

11 people fully dedicated to the generation and implem entation of existingand future synergies

� 4 Alliance Managing Directors responsible for managing both company’s functions andaccountable of their performance

�Purchasing – RNPO �Zero emission business�Global logistics�IS/IT

� 5 Alliance Directors coordinating functions in maximizing synergies (with po wer to stop projects)

�Powertrain�Common platforms and parts�Support functions�Research and advanced technologies�Global sourcing

� 1 Alliance Director acting as Economic advisor helping arbitration and providing commonmethodology

� 1 Alliance Director of the Alliance CEO-Office dedicated to global coordination, corporategovernance and global monitoring of synergies

A DEDICATED ALLIANCE TEAM TO ACCELERATE SYNERGIES

17INVESTOR RELATIONS DEPARTMENT

REINFORCE ALLIANCE SYNERGIES

1.5 billion euros of Alliance synergies

o/w : 45% for Renault – 55% for Nissan

18INVESTOR RELATIONS DEPARTMENT

ALLIANCE SYNERGIES: €1.5 billion FOR 2009

breakdown

279

289

115363

102

48

Vehicle Engineering Powertrain EngineeringResearch and Advanced Engineering Manufacturing and logisticsLCV PurchasingSales & Marketing IS & Support functions

157*

147

* €231m including synergies on purchasing costs spread in other functions

19INVESTOR RELATIONS DEPARTMENT

SOME CONCRETE EXAMPLES OF SYNERGIES

� LCV

Co-development on a common platform to build two diff erentiated light commercial vehicle with cancellation of Nissan M1 V an for Europe stand-alone development

� Powertrain engineering

New development and co-ownership of a new 1.6L Dies el

� Research and advanced technology

Fuel cell and next generation Li-ion battery are de veloped by Nissan and Renault stopped planned development on these techno logies

� Manufacturing & Logistics

11 cross-manufactured models – including 4 new vehic les in 2009 (2 in South Africa, 2 in Brazil) with 78% of Curitiba Ren ault LCV Plant capacity used by Nissan

20INVESTOR RELATIONS DEPARTMENT

04 CONCLUSION

21INVESTOR RELATIONS DEPARTMENT

2009 ACTION PLAN8 MEASURES & 2 LEVERS TO FACE THE CRISIS

AIMING FOR A POSITIVE FREE CASH FLOW

Maximization of revenue sources1. Increase market shares (10 model launches in 2009)

Cost reduction2. Reduce R&D expenses (-15% vs. 2007)

3. Decrease G&A and overheads (-€1bn vs. 2007)

Free Cash Flow management4. Reduce inventories (-€0.8bn to -€1bn vs. 2008)

5. Adapt our production level (Q1’09 +7% vs. Q4’08)

6. Cut investments (-24% vs. 2007)

7. Cash in customer receivables (>€200m vs. 2008)

8. Carry out real estate divestments (€300m to €500m)

� Reinforce the Renault Nissan Alliance synergies

� Work conjointly with governments in France & in Eur opeLEVERS

22INVESTOR RELATIONS DEPARTMENT

Q&A