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INVESTOR RELATIONS / OCTOBER 25, 2019 Q3 2019 CONFERENCE

Présentation PowerPoint - Renault · Investor Relations –Q3 2019 Presentation –October 25, 2019 2 Property of Groupe Renault DISCLAIMER Information contained within this document

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Page 1: Présentation PowerPoint - Renault · Investor Relations –Q3 2019 Presentation –October 25, 2019 2 Property of Groupe Renault DISCLAIMER Information contained within this document

INVESTOR RELATIONS / OCTOBER 25, 2019

Q3 2019 CONFERENCE

Page 2: Présentation PowerPoint - Renault · Investor Relations –Q3 2019 Presentation –October 25, 2019 2 Property of Groupe Renault DISCLAIMER Information contained within this document

2Investor Relations – Q3 2019 Presentation – October 25, 2019 Property of Groupe Renault

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 Registration Document filed with the French Autorité des

Marchés Financiers). Actual results may differ materially from those projected or implied in these forward looking statements.

These forward looking statements are made as of the date of this presentation. 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, exhaustiveness, adequacy, effectiveness

and genuineness of any statements and information contained in this report.

This information does not constitute an invitation to invest in shares or constitute or form a part of any offer for the sale or

subscription of, or any offer to buy or subscribe for, any securities or other financial instruments.

Further information on Renault can be found on Renault’s web site (www.group.renault.com), in the section

Finance/Regulated Information.

Page 3: Présentation PowerPoint - Renault · Investor Relations –Q3 2019 Presentation –October 25, 2019 2 Property of Groupe Renault DISCLAIMER Information contained within this document

3Investor Relations – Q3 2019 Presentation – October 25, 2019 Property of Groupe Renault

01 Q3 2019 Commercial Results UpdateOlivier MurguetActing Deputy Managing Director EVP, Sales and Regions

02 Q3 2019 Revenues & 2019 OutlookClotilde DelbosActing Chief Executive Officer EVP, Group Chief Financial Officer

AGENDA

03 Questions & Answers

Investor Relations – Q3 2019 Presentation – October 25, 2019

Page 4: Présentation PowerPoint - Renault · Investor Relations –Q3 2019 Presentation –October 25, 2019 2 Property of Groupe Renault DISCLAIMER Information contained within this document

4Investor Relations – Q3 2019 Presentation – October 25, 2019 Property of Groupe Renault

Q3 2019 Commercial Results Update

01

Page 5: Présentation PowerPoint - Renault · Investor Relations –Q3 2019 Presentation –October 25, 2019 2 Property of Groupe Renault DISCLAIMER Information contained within this document

5Investor Relations – Q3 2019 Presentation – October 25, 2019 Property of Groupe Renault

* PC+LCV including USA & Canada

TIV Evolution Q3 2019 vs Q3 2018

RUSSIA -1.2%

TURKEY -21.7%

SOUTH KOREA -1.7%

ALGERIA -13.3%

INDIA -27.4%

IRAN -100.0%COLOMBIA +8.7%

BRAZIL +5.0%

ARGENTINA -30.0%

WORLD*

TIV -3.2%

EURASIA

TIV -2.1%

AFRICA-ME-INDIA-PACIFIC

TIV -9.2%

AMERICAS

TIV -3.6%

CHINA

TIV -5.0%

EUROPE

TIV +2.4%

CHINA -5.2%

GERMANY +7.1%

ITALY +3.8%

FRANCE +1.2%

UK -1.2%

SPAIN -9.7%

Page 6: Présentation PowerPoint - Renault · Investor Relations –Q3 2019 Presentation –October 25, 2019 2 Property of Groupe Renault DISCLAIMER Information contained within this document

6Investor Relations – Q3 2019 Presentation – October 25, 2019 Property of Groupe Renault

892

432

175124 111

50

852

417

184

99 11042

2018 2019 2018 2019 2018 2019 2018 2019 2018 2019 2018 2019

Groupe Renault’s Sales Q3 2019 vs Q3 2018

Thousand units

(PC+LCV)

World Market Share:

International

TIV*

GROUP

4.0% (-0.04 pts)

-5.4%

-0.3% w/o Iran

Global Europe EurasiaAfrica-ME-India-

PacificAmericas China

-3.2%-2.3% w/o Iran

+2.4% -2.1% -9.2%-5.5% w/o Iran

-3.6% -5.0%

-4.4%-1.8% w/o Iran

-3.4% +5.1% -20.0%-1.2% w/o Iran

-1.1% -15.5%

* PC+LCV including USA & Canada

Page 7: Présentation PowerPoint - Renault · Investor Relations –Q3 2019 Presentation –October 25, 2019 2 Property of Groupe Renault DISCLAIMER Information contained within this document

7Investor Relations – Q3 2019 Presentation – October 25, 2019 Property of Groupe Renault

Key Success models

CLIO

#2 Europe

#1 B Segment

ZOE

+46% vs 2018 in Europe

GRANTA

#1 Russia

KWID

+44% vs 2018 in Brazil

LCV

+10%vs 2018 in Europe

Page 8: Présentation PowerPoint - Renault · Investor Relations –Q3 2019 Presentation –October 25, 2019 2 Property of Groupe Renault DISCLAIMER Information contained within this document

8Investor Relations – Q3 2019 Presentation – October 25, 2019 Property of Groupe Renault

2,970

1,503

546428 325

168

2,791

1,489

536319 315

132

2018 2019 2018 2019 2018 2019 2018 2019 2018 2019 2018 2019

Groupe Renault’s Sales YTD 2019 vs YTD 2018

Thousand units

(PC+LCV)

World Market Share:

International

TIV*

GROUP

4.3% (stable)

-11.2%

-4.6% w/o Iran

Global Europe EurasiaAfrica-ME-India-

PacificAmericas China

-6.1%-4.8% w/o Iran

-1.0% -7.8% -9.6%-3.4% w/o Iran

-5.7% -10.4%

-6.0%-2.7% w/o Iran

-1.0% -1.9% -25.5%-2.3% w/o Iran

-2.9% -21.3%

* PC+LCV including USA & Canada

Page 9: Présentation PowerPoint - Renault · Investor Relations –Q3 2019 Presentation –October 25, 2019 2 Property of Groupe Renault DISCLAIMER Information contained within this document

9Investor Relations – Q3 2019 Presentation – October 25, 2019 Property of Groupe Renault

Russia~ -3%

Brazil~ +7%

Europe0% to -1%

2019 TIV OUTLOOK

~ -4%

Global Automotive Market (1)

(1) The evolution of the global automotive market for all brands also called Total Industry Volume (TIV) indicates the annual variation in sales* volumes of passenger cars and light commercial vehicles** in the main countries

including USA & Canada, provided by official authorities or statistical agencies in each country, and consolidated by Groupe Renault to constitute this world market (TIV).

*Sales: registrations or deliveries or invoices according to the data available in each consolidated country.

**Light commercial vehicles of less than 5.1 tons.

Page 10: Présentation PowerPoint - Renault · Investor Relations –Q3 2019 Presentation –October 25, 2019 2 Property of Groupe Renault DISCLAIMER Information contained within this document

10Investor Relations – Q3 2019 Presentation – October 25, 2019 Property of Groupe Renault

Q3 2019 Revenues & 2019 Outlook

02

Page 11: Présentation PowerPoint - Renault · Investor Relations –Q3 2019 Presentation –October 25, 2019 2 Property of Groupe Renault DISCLAIMER Information contained within this document

11Investor Relations – Q3 2019 Presentation – October 25, 2019 Property of Groupe Renault

Q3 2019 Group Revenues

In million euros Q3 2018 Q3 2019 Change

Global unit sales (units) 891,584 852,198 -4.4%

Group revenues 11,484 11,296 -1.6%

o/w Automotive excl. AVTOVAZ 10,057 9,662 -3.9%

o/w AVTOVAZ(1) 627 791 +26.2%

o/w Sales Financing 800 843 +5.4%

(1) AVTOVAZ net of eliminations

Page 12: Présentation PowerPoint - Renault · Investor Relations –Q3 2019 Presentation –October 25, 2019 2 Property of Groupe Renault DISCLAIMER Information contained within this document

12Investor Relations – Q3 2019 Presentation – October 25, 2019 Property of Groupe Renault

Currency

VolumeGeographic

mix

Sales to

partners

Others

-3.9%

-0.8 pts +0.1 pts -0.3 pts +2.1 pts -0.7 pts +1.2 pts

Price

-5.5 pts

CHANGE Q3 2019 vs Q3 2018: -€395m

Q3 2018 Q3 2019

(million euros)

Product

mix

10,057

-85 -553+215-37+14

+118

Revenues Variance Analysis

-241

9,662

-67

Automotive Excluding Avtovaz

Groupe Renault

Q3 2018 Q3 2019

AutomotiveRCI Avtovaz

-395 +164 +43

11,29611,484

Page 13: Présentation PowerPoint - Renault · Investor Relations –Q3 2019 Presentation –October 25, 2019 2 Property of Groupe Renault DISCLAIMER Information contained within this document

13Investor Relations – Q3 2019 Presentation – October 25, 2019 Property of Groupe Renault

(In thousand units)

New Vehicle Distribution Stock Excluding Avtovaz

Group

Independentdealers

Total

Number of days of sales (backward)

71 57 76 61 69 70 76 65 75

603 613

697660

588622

656 630603

273190

340

236285

182

300

218

290

330

423357

424

303

440

356412

313

SEP'17 DEC'17 MAR'18 JUN'18 SEP'18 DEC'18 MAR'19 JUN'19 SEP'19

Page 14: Présentation PowerPoint - Renault · Investor Relations –Q3 2019 Presentation –October 25, 2019 2 Property of Groupe Renault DISCLAIMER Information contained within this document

14Investor Relations – Q3 2019 Presentation – October 25, 2019 Property of Groupe Renault

RCI BANQUE PERFORMANCE

Q3 2018 Q3 2019 CHANGE

Revenues (€m) 800 843 +5.4%

Average Performing Assets (€m) 45,311 47,630 +5.1%

New Contracts (units) 424,004 420,819 -0.8%

New Financings (€m) 5,016 5,005 -0.2%

Page 15: Présentation PowerPoint - Renault · Investor Relations –Q3 2019 Presentation –October 25, 2019 2 Property of Groupe Renault DISCLAIMER Information contained within this document

15Investor Relations – Q3 2019 Presentation – October 25, 2019 Property of Groupe Renault

2019 OUTLOOK

Groupe Renault guidance :

▪ Published Group Revenues should

decline between -3% and -4%

▪ Group operating margin should be around 5%

▪ The Automotive operating free cash flow

should be positive in H2 while not

guaranteed for the full year

BrazilEurope

0% to -1% ~ -3%

Russia

~ +7%

Global Automotive Market (1)

~ -4%

(1) The evolution of the global automotive market for all brands also called Total Industry Volume (TIV) indicates the annual variation in sales* volumes of passenger cars and light commercial vehicles** in the main countries

including USA & Canada, provided by official authorities or statistical agencies in each country, and consolidated by Groupe Renault to constitute this world market (TIV).

*Sales: registrations or deliveries or invoices according to the data available in each consolidated country.

**Light commercial vehicles of less than 5.1 tons.

Page 16: Présentation PowerPoint - Renault · Investor Relations –Q3 2019 Presentation –October 25, 2019 2 Property of Groupe Renault DISCLAIMER Information contained within this document

16Investor Relations – Q3 2019 Presentation – October 25, 2019 Property of Groupe Renault

Questions & Answers

03

Page 17: Présentation PowerPoint - Renault · Investor Relations –Q3 2019 Presentation –October 25, 2019 2 Property of Groupe Renault DISCLAIMER Information contained within this document

17Investor Relations – Q3 2019 Presentation – October 25, 2019 Property of Groupe Renault

Appendix

04

Page 18: Présentation PowerPoint - Renault · Investor Relations –Q3 2019 Presentation –October 25, 2019 2 Property of Groupe Renault DISCLAIMER Information contained within this document

18Investor Relations – Q3 2019 Presentation – October 25, 2019 Property of Groupe Renault

Q3 2019 YTD Group Revenues

In million eurosQ3 2018

YTD

Q3 2019

YTDCHANGE

Global unit sales (Kunits) 2,970 2,791 -6.0%

Group revenues 41,441 39,347 -5.1%

o/w Automotive excl. AVTOVAZ 36,924 34,453 -6.7%

o/w AVTOVAZ(1) 2,104 2,348 +11.6%

o/w Sales Financing 2,413 2,546 +5.5%

(1) AVTOVAZ net of eliminations

Page 19: Présentation PowerPoint - Renault · Investor Relations –Q3 2019 Presentation –October 25, 2019 2 Property of Groupe Renault DISCLAIMER Information contained within this document

19Investor Relations – Q3 2019 Presentation – October 25, 2019 Property of Groupe Renault

Currency

Volume

Geographic

mix

Sales to

partners

Others

-6.7%

-3.6 pts -0.1 pts -0.2 pts +1.3 pts -1.0 pt +0.6 pts

Price

-3.7 pts

CHANGE Q3 YTD 2019 vs Q3 YTD 2018: -€ 2,471 m

Q3 2018

YTD

Q3 2019

YTD

(million euros)

Product

mix

34,453

36,924

-1,314

-1,376+472

-67-20

+213

Automotive Excluding Avtovaz Revenues Variance Analysis

-379

Page 20: Présentation PowerPoint - Renault · Investor Relations –Q3 2019 Presentation –October 25, 2019 2 Property of Groupe Renault DISCLAIMER Information contained within this document

20Investor Relations – Q3 2019 Presentation – October 25, 2019 Property of Groupe Renault

RCI BANQUE PERFORMANCE YTD

Q3 2018YTD

Q3 2019

YTDCHANGE

Revenues (€m) 2,413 2,546 +5.5%

Average Performing Assets (€m) 44,238 47,010 +6.3%

New Contracts (units) 1,371,150 1,339,323 -2.3%

New Financings (€m) 16,071 15,868 -1.3%

Page 21: Présentation PowerPoint - Renault · Investor Relations –Q3 2019 Presentation –October 25, 2019 2 Property of Groupe Renault DISCLAIMER Information contained within this document