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Renault Investor Presentation 2010

Jul 30, 2010

1625_ir_2010-07-30_cf8a8774-5af7-4d69-b140-76d882e00f37.pdf

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RENAULT GROUPFIRST HALF 2010 FINANCIAL RESULTSPATRICK PÉLATA, COODOMINIQUE THORMANN, CFO

RENAULT GROUPH1 2010

30 JULY 2010 RENAULT PROPERTY

DISCLAIMER

Information contained within this document may contain forward looking statements. Although the Company considers that such information and statements are basedon 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.

RENAULT GROUP – H1 2010

AGENDA

01H1 2010 FINANCIAL RESULTS

02H1 2010 OPERATIONS UPDATE

03QUESTIONS & ANSWERS

01

H1 2010 FINANCIAL RESULTSDOMINIQUE THORMANNCFO

01 H1 2010 FINANCIAL RESULTS

RENAULT GROUP

H1 2010

RENAULT GROUP SALES +21.7 %

30 JULY 2010 RENAULT PROPERTY

H1 2010 FINANCIAL RESULTS

H
1
2
0
0
9		 H
1
2
0
1
0		 C
H
A
N
G
E
R
e
e
n
e
s
v
u		 (
)
1
1
5
9
9
1
,		 1
9
6
6
8
,		 2
3
1
%
+
O
i
i
t
p
e
r
a
n
g
m
a
r
g
n		 6
2
0
-		 7
8
0
+		 1
4
0
0
+
,
i
f
%
n
o
r
e
e
n
e
s
v
u		 3
9
%
-		 4
0
%
+		 7
9
t
+
p
s
O
h
i
i
&
t
t
e
r
o
p
e
r
a
n
g
n
c
o
m
e
e
x
p
e
n
s
e
s		 3
2
6
-		 6
2
-		 2
6
4
+
f
i
i
i
N
l
&
t
e
n
a
n
c
a
n
c
o
m
e
e
x
p
e
n
s
e
s		 1
8
1
-		 2
4
6
-		 5
6
-
i
i
A
d
t
s
s
o
c
a
e
c
o
m
p
a
n
e
s		 5
1
8
4
-
,		 5
3
1
+		 5
2
1
1
+
,
C
f
&
d
d
t
t
r
r
e
n
e
e
r
r
e
a
e
s
u
x		 1
-		 1
8
0
-		 1
9
7
-
N
i
t
e
n
c
o
m
e		 2
1
2
7
-
,		 8
2
3
+		 3
5
3
5
+
,

(1) On a consistent basis, H1 2009 = €15,977m

million euros

H1 2010 GROUP REVENUES UP 23.1 %

H
1
2
0
0
9		 H
1
2
0
1
0		 C
H
A
N
G
E
G
l
b
l
l
(
i
)
t
o
a
s
a
e
s
n
s
u		 1
1
0
5
0
6
7
,
,		 1
3
4
8
3
4
5
,
,		 2
1
%
7
+
(
1
)
G
R
r
o
p
e
e
n
e
s
u
v
u		 1
5
9
7
7
,		 1
9
6
6
8
,		 2
3
1
%
+
f
h
i
h
A
b
i
l
t
o
c
o
m
o
e
w
u		 1
5
0
9
7
,		 1
8
7
7
8
,		 2
4
4
%
+
S
l
f
i
i
a
e
s
n
a
n
c
n
g		 8
8
0		 8
9
0		 1
1
%
+
(
1
)
H
1
'0
9
d
f
2
0
1
0
d
h
d
t
t
t
r
e
s
a
e
o
r
s
c
o
p
e
a
n
m
e
o
s		 i
l
l
i
m
o
n
e
u
r
o
s
Q
1		 Q
2
3
0
3
+		 %
1
9
8
%
+

EVOLUTION OF AUTOMOBILE REVENUES

H1 2010 AUTOMOBILEREVENUES vs. H1 2009*

€
1
8
7
7
8
,		 2
4
4
%
V
l
o
u
m
e		 1
6
8
t
p
s
+
M
i
/
i
p
r
c
e
x		 1.
5
t
p
s
+
C
i
r
r
e
n
c
e
s
u		 3
2
t
p
s
+
O
h
t
e
r
i
i
i
t
t
a
c
v
e
s		 2
9
t
p
s
+
f
*
2
0
0
9
d
t
t
r
e
s
a
e
o		 2
0
1
0
r

GROUP OPERATING MARGIN VARIANCE ANALYSIS

CHANGE H1'10 / H1'09 : + € 1,400m

OPERATING MARGIN BY ACTIVITY

H
1
2
0
0
9		 H
1
2
0
1
0		 C
H
A
N
G
E
A
U
T
O
M
O
B
I
L
E		 8
6
9
-		 4
1
0		 1
2
7
9
+
,
A
b
i
l
%
t
u
o
m
o
e
r
e
v
e
n
u
e
s		 8
%
5
-		 2
2
%		 8
t
+
p
s
S
S
C
A
L
E
F
I
N
A
N
I
N
G		 2
4
9		 3
0
7		 1
2
1
+
S
l
F
i
i
%
a
e
s
n
a
n
c
n
g
r
e
v
e
n
u
e
s		 2
8
0
%		 4
1
6
%		 1
3
6
t
+
p
s
T
O
T
A
L		 6
2
0
-		 7
8
0		 1
4
0
0
+
,
G
%
r
o
p
r
e
e
n
e
s
u
v
u		 3
9
%
-		 4
0
%		 9
7
t
+
p
s
i
l
l
i
m
o
n
e
u
r
o
s

AN EXCEPTIONAL PERFORMANCE FOR RCI BANQUE

H
1
2
0
0
9		 H
1
2
0
1
0
A
l
d
i
t
t
e
r
a
g
e
o
a
n
s
o
s
a
n
n
g
v
u
(
i
l
l
i
)
m
o
n
e
u
r
o
s		 2
0
1
3
0
,		 2
0
3
4
7
,
N
b
k
i
i
t
e
a
n
n
g
n
c
o
m
e		 5
2
3
%		 5
5
%
7
C
f
i
k
(
&
d
l
)
t
t
o
s
o
r
s
c
s
o
m
e
r
e
a
e
r
u		 1
0
3
%
-		 0
4
9
%
-
O
i
t
p
e
r
a
n
g
e
p
e
n
s
e
s
x		 1
7
5
%
-		 1
6
6
%
-
P
i
t
r
e
a
n
c
o
m
e
x		 2
4
4
%		 3
5
9
%

in percentage of average loans outstanding

RCI - IMPROVEMENT IN MARGIN AND COST OF RISK

GROSS FINANCIAL MARGIN & MARGIN ON SERVICES & OTHERS

CUSTOMER & DEALER COST OF RISK

OTHER OPERATING INCOME & EXPENSES

H
1
2
0
0
9		 H
1
2
0
1
0
R
i
h
t
t
e
s
r
u
c
u
r
n
g
c
a
r
g
e
s		 6
0
-		 3
9
-
f
I
i
i
l
i
d
t
t
t
m
p
a
r
m
e
n
o
c
a
p
a
z
e
a
s
s
e
s		 2
9
7
-		 5
0
-
P
f
i
/
l
l
t
t
r
o
o
s
s
o
n
a
s
s
e
s
a
e
s		 3
1
-		 2
7
T
O
T
A
L		 3
2
6
-		 6
2
-

million euros

01 H1 2010 FINANCIAL RESULTS

H1 2010 FINANCIAL RESULTS

H
1
2
0
0
9		 H
1
2
0
1
0		 C
H
A
N
G
E
R
e
e
n
e
s
v
u		 (
)
1
1
5
9
9
1
,		 1
9
6
6
8
,		 2
3
1
%
+
O
i
i
t
p
e
r
a
n
g
m
a
r
g
n		 6
2
0
-		 7
8
0
+		 1
4
0
0
+
,
i
f
%
n
o
r
e
e
n
e
s
v
u		 3
9
%
-		 4
0
%
+		 9
7
t
+
p
s
O
h
i
i
&
t
t
e
r
o
p
e
r
a
n
g
n
c
o
m
e
e
x
p
e
n
s
e
s		 3
2
6
-		 6
2
-		 2
6
4
+
f
i
i
i
N
l
&
t
e
n
a
n
c
a
n
c
o
m
e
e
p
e
n
s
e
s
x		 1
8
1
-		 2
4
6
-		 5
6
-
i
i
A
d
t
s
s
o
c
a
e
c
o
m
p
a
n
e
s		 5
1
8
4
-
,		 5
3
1
+		 5
2
1
1
+
,
C
&
d
f
d
t
t
r
r
e
n
e
e
r
r
e
a
e
s
u
x		 1
-		 1
8
0
-		 1
9
7
-
N
i
t
e
n
c
o
m
e		 2
1
2
7
-
,		 8
2
3
+		 3
5
3
5
+
,
(
)
1
O
i
b
i
H
1
2
0
0
9
€
1
5,
9
7
7
t
t
n
a
c
o
n
s
s
e
n
a
s
s,
m
=		 i
l
l
i
m
o
n
e
r
o
s
u

ASSOCIATED COMPANIES

H
1
2
0
0
9		 H
1
2
0
1
0		 C
H
A
N
G
E
N
i
s
s
a
n		 1
2
1
1
-
,		 4
6
0		 1
6
7
1
+
,
V
l
o
v
o		 1
9
6
-		 1
2
1		 3
1
7
+
A
V
*
t
v
o
a
z		 1
8
2
-		 5
6
-		 1
2
6
+
O
h
t
e
r
s		 5 6 1
+
T
O
T
A
L		 5
1
8
4
-
,		 5
3
1		 2
1
1
5
+
,
*A
V
i
l
i
d
d
i
h
h
i
l
t
t
t
3
t
t
v
o
a
z
s
c
o
n
s
o
a
e
w
a
m
o
n
m
e
a
g.		 i
l
l
i
m
o
n
e
u
r
o
s
Q
1		 Q
2
0
7		 3
9
0

01 H1 2010 FINANCIAL RESULTS

H1 2010 FINANCIAL RESULTS

H
1
2
0
0
9		 H
1
2
0
1
0		 C
H
A
N
G
E
R
e
v
e
n
u
e
s		 (
1
)
1
5
9
9
1
,		 1
9
6
6
8
,		 2
3
1
%
+
i
i
O
t
p
e
r
a
n
g
m
a
r
g
n		 6
2
0
-		 8
0
7
+		 1
4
0
0
+
,
f
i
%
n
o
r
e
v
e
n
u
e
s		 3
9
%
-		 4
0
%
+		 7
9
t
+
p
s
i
i
O
h
&
t
t
e
r
o
p
e
r
a
n
g
n
c
o
m
e
e
p
e
n
s
e
s
x		 3
2
6
-		 6
2
-		 2
6
4
+
N
f
i
i
l
i
&
t
e
n
a
n
c
a
n
c
o
m
e
e
p
e
n
s
e
s
x		 1
8
1
-		 2
4
6
-		 6
5
-
A
i
d
i
t
s
s
o
c
a
e
c
o
m
p
a
n
e
s		 1
5
8
4
-
,		 5
3
1
+		 2
1
1
5
+
,
C
&
d
f
d
t
t
u
r
r
e
n
e
e
r
r
e
a
x
e
s		 1
-		 1
8
0
-		 1
7
9
-
N
i
t
e
n
c
o
m
e		 2
7
1
2
-
,		 8
2
3
+		 5
5
3
3
+
,

(1) On a consistent basis, H1 2009 = €15,977m

million euros

CHANGE IN AUTOMOBILE NET FINANCIAL DEBT

DEC 31ST2009 : € 5,921M

JUN 30TH2010 : € 4,663 M

NET DEBT vs. SHAREHOLDERS EQUITY

01 H1 2010 FINANCIAL RESULTS

AUTOMOBILE DIVISION LIQUIDITY

E
N
D
2
0
0
9		 E
N
D
H
1
2
0
1
0
L
I
Q
U
I
D
I
T
Y
R
E
S		 E
R
V
E
S
C
h
a
s
C
d
i
l
i
t
r
e
n
e
s
(
f
h
i
h
d
o
w
c
r
a
w
n
z
e
r		 €
5
4
B
n
=
€
4
1
B
n
=
)
o		 C
h
a
s
C
d
i
l
i
t
r
e
n
e
s
(
f
h
i
h
d
o
w
c
r
a
w
n
z
e
r
T
O
T
A
L		 €
9
5
B
n
=

LIQUIDITY RESERVESCash = € 6.3 BnCredit lines = € 4.1 Bn(of which drawn zero)TOTAL = € 10.4 Bn

2 BONDS ISSUED IN H1 2010

  • €500m 2017 @ 5.625 %
  • €400m 2015 @ 5.625 %

01 H1 2010 FINANCIAL RESULTS

RCI LIQUIDITY

€
6
4
B
n
=
)
r
o		 (
f
h
i
h
d
o
w
c
r
a
w
n
z
e
r
€
4
5
B
n
=		 C
d
i
l
i
t
r
e
n
e
s
€
1
2
B
n
=		 C
i
i
E
B
l
b
l
e
g
e
€
B
0
7
n
=		 C
h
a
s
S
S
E
R
V
E
E
N
D
H
1
2
0
1
0

LIQUIDITY RESERVESCash = € 0.2 BnECB eligible = € 1.5 BnCredit lines = € 4.6 Bn(of which drawn zero)TOTAL = € 6.3 Bn

4 BONDS ISSUED IN H1 2010

  • €600m 2015 @ 4.38%
  • €500m 2013 @ 3.38%
  • €600m 2012 @ 2.88%
  • €500m 2013 @ 4.00%
  • 1 PUBLIC ABS FOR €873M BACKED BY GERMAN AUTO LOANS @ EURIBOR 1M +1.15% IN JULY

2010 OPERATIONS UPDATEPATRICK PÉLATACOO

GLOBAL TOTAL INDUSTRY VOLUME +16.9 % VS. H1 2009

GLOBAL TIV (ROLLING AVERAGE 4 MONTHS)

TIV EVOLUTION BY REGION TOTAL INDUSTRY VOLUMES H1 2010 VS. H1 2009 (PC+LCV)

T
I
V		 1
6
9
%
+
*

TIV EVOLUTION BY REGION TOTAL INDUSTRY VOLUMES H1 2010 VS. H1 2009 (PC+LCV)

*
T
I
V
G
R
O
U
P		 1
6
9
%
+
2
1.
7
%
+
T
I
V
G
R
O
U
P		 0
8
%
-
1
4
1
%
+
T
I
V
G
R
O
U
P		 1.
%
7
+
2
1.
7
%
+
T
I
V
G
O
R
U
P		 7
0
%
-
3
%
7
+
T
I
V
G
O
R
U
P		 3
1.
3
%
+
4
5
6
%
+
T
I
V
G
O
R
U
P		 1
0
6
%
+
2
4
1
%
+		 *
I
l
d
i
U
S
A
&
C
d
n
c
u
n
g
a
n
a
a
RE
NA
UL
T G
RO
UP
H1
20
10		 30
JU
LY
20
10		 RE
NA
UL
T P
RO
PE
RT
Y		 24

GAINS IN MARKET SHARE IN 12 OUT OF OUR TOP 15 MARKETS

S
U
N
I
T		 S
M
A
R
K
E
T
H
A
R
E		 C
H
A
N
G
E
I
N
S
M
A
R
K
E
T
H
A
R
E
C
F
R
A
N
E		 4
0
0
9
7
7
,		 2
8
%
5		 3
3
+
I
T
A
L
Y		 8
6
9
6
9
,		 6
9
%		 2
3
+
S
O
U
T
H
K
O
R
E
A		 8
5
1
4
2
,		 1
1.
4
%		 3
0
+
E
R
M
A
N
Y
G		 8
4
0
8
3
,		 4
%
5		 0
4
-
S
P
A
I
N		 2
9
2
0
7
,		 1
0
9
%		 0
4
+
B
R
A
Z
I
L		 6
4
5
9
9
,		 4
3
%		 0
7
+
U
N
I
T
E
D
K
I
N
G
D
O
M
-		 5
9
4
0
3
,		 4
9
%		 2
1
+
/
B
E
L
G
I
U
M
L
U
X
E
M
B
O
U
R
G		 4
9
2
7
5
,		 1
2
8
%		 1.
7
+
R
U
S
S
I
A		 4
2
2
2
7
,		 5
3
%		 0
6
+
T
U
R
K
E
Y		 4
0
6
2
7
,		 1
4
6
%		 0
4
+
A
R
G
E
N
T
I
N
A		 3
7
6
2
0
,		 1
1.
6
%		 0
6
-
A
L
G
E
R
I
A		 3
7
3
0
6
,		 2
9
3
%		 6
5
+
S
N
E
T
H
E
R
L
A
N
D		 2
5
8
6
1
,		 8
7
%		 2
1
+
R
O
M
A
N
I
A		 2
3
9
7
1
,		 4
1.
9
%		 4
8
+
I
R
A
N		 2
0
6
2
6
,		 2
8
%		 0
2
-

group PC + LCV

30 JULY 2010 RENAULT PROPERTY

ALL 3 BRANDS CONTRIBUTED TO SALES GROWTH

NEW SM5

30 JULY 2010 RENAULT PROPERTY

NEW RENAULT FLUENCE

30 JULY 2010 RENAULT PROPERTY

SANDERO

RENAULT GROUPH1 2010

30 JULY 2010 RENAULT PROPERTY

ZOOM EUROPE: STRONG MOMENTUM FOR BOTH BRANDS

GROUP PC+LCV MARKET SHARE IN EUROPE

ZOOM EUROPE: TAKING MARKET SHARE IN MOST SEGMENTS

EVOLUTION OF TIV AND RENAULT GROUP SALES IN EUROPE BY SEGMENT H1 2010 VS. H1 2009

PURCHASING SAVINGS

2
0
0
8		 2
0
0
9		 J
U
N
E
2
0
1
0		 2
0
1
0
e
P
h
i
i
r
c
a
s
n
g
s
a
n
g
s
u
v		 2
8
2		 2
5
3		 3
3
0		 5
0
0
~
O
i
t
p
e
r
a
n
g		 i
i
-1
(
i
i
l
l
i
)
t
m
a
r
g
n
m
p
a
c
v
s.
y
n
m
o
n
e
u
r
o
s

FIXED COST REDUCTION

H
1
'1
0
H
1
'0
9
s
v		 H
1
'1
0
H
1
'0
8
s
v
R
E
V
E
N
U
E
S		 2
3
%
+		 6
%
-
N
R
&
D
t
e		 9
%
-		 3
2
%
-
G
&
A		 1
%
+		 1
4
%
-
f
f
M
i
i
d
t
t
a
n
u
a
c
u
r
n
g
x
e
c
o
s
s		 1
3
%
+		 3
%
-
C
N
t
e
a
p
e
x		 2
%
5
-		 6
%
5
-
F
i
d
k
i
t
e
m
a
r
e
n
g
e
p
e
n
s
e
s
x
x		 7
%
-		 2
2
%
-
T
O
T
A
L
F
I
X
E
D
C
O
S
T
S		 8
%
-		 2
3
%
-

NET R&D

NET CAPEX REDUCTION

NET CAPEX AUTOMOBILE (EXCLUDING LEASED VEHICLES)

NET CAPEX AND R&D

2
0
0
7		 2
0
0
8		 2
0
0
9		 H
1
2
0
1
0		 2
0
1
0
e
C
N
E
T
A
P
E
X		 5
3
%		 5
6
%		 4
4
%		 2
2
%
N
E
T
R
&
D		 5
%
7		 5
5
%		 4
5
%		 4
0
%
T
O
T
A
L		 1
1
1
%		 1
1
1
%		 8
9
%		 6
1
%		 8
%
~

% of Group revenues

H1 2010

CHANGE IN WCR H1 2010 vs 31ST DEC 2009

H1 2010

RECEIVABLES CONTROL

AUTOMOBILE NET RECEIVABLES IN €M (IN % ANNUALIZED REVENUES = Q2*4)

INVENTORY CONTROL

DISTRIBUTION STOCK REDUCTION

WHAT WAS BETTER / WORSE THAN EXPECTED IN H1?

  • TIV
  • GROUP MARKET SHARE
  • RCI BANQUE
  • CURRENCIES

  • PURCHASING SAVINGS

  • COMMERCIAL PRESSURE IN EUROPE

  • INDEXED RAW MATERIALS

2010 OUTLOOK: SECOND HALF

TAILWINDS

  • GROUP ORDER BOOK
  • COST REDUCTIONS
  • CURRENCIES
  • TIV OUTSIDE EUROPE

HEADWINDS

  • RAW MATERIALS
  • TIV EUROPE
  • H2 WCR payment terms in Spain

TIV FORECAST TOTAL INDUSTRY VOLUMES FY2010 VS. FY2009 (PC+LCV)

*TIV + 8 %

LEVERAGING INTERNATIONAL TIV GROWTH

KOLEOS FLUENCE

MÉGANE HB

DUSTER SANDERO SYMBOL

LOGAN PICK-UP LOGAN

RENAULT GROUPH1 2010

30 JULY 2010 RENAULT PROPERTY

2010 EUROPEAN TIV: -7 % to -9 % vs 2009

PC + LCV - 4 MONTH ROLLING AVG

GROUP ORDERBOOK IN EUROPE PC + LCV

EUROPE ORDERBOOK MIX IMPROVING

EUROPEAN ORDERBOOK PC+LCV BY SEGMENT

NEW RENAULT MEGANE COUPE CABRIOLET

RENAULT GROUPH1 2010

NEW RENAULT WIND

49

RENAULT GROUPH1 2010

30 JULY 2010 RENAULT PROPERTY

NEW RENAULT MASTER

NEW DACIA DUSTER

RENAULT GROUPH1 2010

30 JULY 2010 RENAULT PROPERTY

CONCLUSION : OUTLOOK 2010

2010 TIV FORECAST PC + LCV VS. 2009

  • Europe down - 7 % to - 9 %
  • Global up + 8 %

2010 GROUP OUTLOOK

  • Positive Automobile free cash flow
  • Market share improvement in Renault's main markets

Z24 DEZIR NEW RENAULT DESIGN STRATEGY

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