renault group ubs conference: frankfurt 2011 · 2014-07-03 · renault group ubs conference:...

UBS AUTO CONFERENCE - FRANKFURT 13 SEPTEMBER 2011 RENAULT PROPERTY

RENAULT GROUPUBS CONFERENCE: FRANKFURT 2011

2UBS AUTO CONFERENCE - FRANKFURT RENAULT PROPERTY13 SEPTEMBER 2011

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.

DISCLAIMER

3UBS AUTO CONFERENCE - FRANKFURT RENAULT PROPERTY13 SEPTEMBER 2011

01 WHERE WE WERE AT END H1

02 UPDATE JULY & AUGUST

03 OUTLOOK

AGENDA

4RENAULT PROPERTYUBS AUTO CONFERENCE - FRANKFURT 13 SEPTEMBER 2011

1 349

898

133 129 143 46

1 374

832

179 154 12980

H1'10 H1'11 H1'10 H1'11 H1'10 H1'11 H1'10 H1'11 H1'10 H1'11 H1'10 H1'11GLOBAL+ 1.9 %

EUROPE - 7.4 %

AMERICAS+ 34.9 %

EURASIA + 73.3 %

INTERNATIONAL + 20.5 %

THOUSAND UNITS(PC + LCV)

RENAULT GROUP UNIT SALES H1 2011 vs. H1 2010

ASIA / AFRICA- 9.5 %

EUROMED+ 20.0 %


H1 2010 H1 2011 CHANGERevenues 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)

H1 2011 FINANCIAL RESULTS


AUTOMOTIVE NET FINANCIAL DEBT REDUCTION IN H1 2011

+ 121Operational

free cash flow

+ 1,668Cash flow

- 437ChangeIn WCR

Dividendspaid

Net tangible& intangible investments

+ 214Decrease in net debt

Dividends received

fromassociates

Leased vehicles

- 435Capitalized

R&DFinancial

Investments & Others

- 585Net Capex

-90 + 144 - 89+ 38

(million euros)

DEC 31ST 2010 : € 1,435 mJUNE 30TH 2011 : € 1,221 m

UPDATE JULY & AUGUST


TIV & GROUP UNIT SALES 2011 vs. 2010 : JULY & AUGUST

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 %

TIV + 1.5 % GROUP + 4.9 %

*

*Preliminary figures PC+LCV including USA & Canada


379

213

60 44 4617

398

196

68 50 5528

2010 2011 2010 2011 2010 2011 2010 2011 2010 2011 2010 2011 GLOBAL+ 4.9%

EUROPE - 8.2 %

AMERICAS+ 14.6 %

EURASIA + 67.3 %

INTERNATIONAL + 21.6 %

THOUSAND UNITS(PC + LCV)

RENAULT GROUP UNIT SALES 2011 vs. 2010 : JULY & AUGUST INTERNATIONAL SALES MIX AT 51% (+ 7.0 PTS VS. 2010)

ASIA / AFRICA+ 19.9 %

EUROMED+ 15.4 %


EUROPEAN ORDERBOOK

! ORDERBOOK END JUNE:

! +11 % VS JUNE 2010

! O/W FRANCE +18 %

! ORDERTAKE IN JULY & AUGUST IN LINE WITH NORMAL SEASONALITY

! EUROPEAN ORDERBOOK AT END AUGUST 2011: +10 % VS AUGUST 2010

PC + LCV ORDER PORTFOLIO(Europe Region)

JUNE’10JUNE’09JUNE’08JUNE’07 JUNE’11


OUTLOOK


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

OUTLOOK PUBLISHED END H1


4.04.04.14.14.23.74.24.5

7.18.8

6.35.43.4

1.13.63.7

9.510.4

8.2

4.8

7.67.8

12.811.1

Dec

07

June

08

Dec

08

June

09

Dec

09

June

10

Dec

10

June

11

AVAILABLE CREDIT LINES CASH

AUTOMOTIVE LIQUIDITY RESERVE

€ billion


0.7

1.1

0.5

1.6

1.21.2

STD 2011 2012 2013 2014 2015 >2016

RENAULT SA LONG TERM DEBT MATURITY

€ billion


69

80

67

60

5247

50 51 4953

5956

45

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

INVENTORY MANAGEMENT

Number of days of sales (previous period)Renault balance sheet + independent dealers


GROUP UNIT SALES BREAKDOWN

26% 25%

39%32%

35%43%

2007 2011 e

EUROPE

excl. France

FRANCE

INTERNATIONAL


CAPITAL EXPENDITURE AND R&D

10,4%

11,8%11,2% 11,1% 11,1%

8,9%

6,5%7,2%

10%

12,5%11,2%

10,1%

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

June

2011

2011

2012

2013

TARGET: CAP 9%

Net capital expenditure and net R&D in % of group revenues


OPTIMISED R&D AND INVESTMENT EXPENDITURES

LCV PLATFORMSshared with Nissan,

Daimler and GM

A PLATFORMwith Daimler

(Smart/Twingo)

B PLATFORM + M0 PLATFORM

with shared modules

C & D PLATFORMshared with Nissan

2011 2012 2013 2014 - 2016

EV RANGE

Energy 130 dci Energy 110 Tce ….

Tangiers Chennai

New Alliance industrial capacityInternal combustion

AvtoVaz

Zero emission

….


NEW MODEL REGIONAL INDUSTRIALIZATION FACELIFT

2011 2012

A/B

D/E

C

M0

EV KANGOO ZE FLUENCE ZE TWIZY ZOE

TWINGO

C-SEGMENT MODEL YEAR

QM5 / KOLEOS D-SEGMENT MODEL YEAR

LOGANIran

B HATCHIndia

B SEDANIndia CLIO 4 A-ENTRY

Argentina

SM7

FAMILY CAR SMALL LCV

FLUENCEIndia

KOLEOSIndia

DUSTERBrazil

DUSTERRussia

DUSTERColumbia

DUSTERIndia

SANDEROColumbia

SANDEROBrazil

PRODUCT LAUNCHES


FROM CONCEPT … TO REALITY : EV INFRASTRUCTURE


Mantes (France)

Brescia (Italy)

Hamburg (Germany)

First customer deliveries

FROM CONCEPT … TO REALITY : EV COMMERCIALIZATION


2010 2011 2012 2013 2014

TELL THE STORY

DELIVER ONTHE STORY

DEZIR CLIO IV

CAPTURE

R SPACE

FRENZY

Z 28

Z 29

FROM CONCEPT … TO REALITY : NEW DESIGN STRATEGY


CONCEPT CAR FRENDZY


Q&A

renault group ubs conference: frankfurt 2011 · 2014-07-03 · renault group ubs conference:...

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