2016 FINANCIAL RESULTS CONFERENCE DISCLAIMER Information contained - - PowerPoint PPT Presentation

▶
2016 financial results conference disclaimer
SMART_READER_LITE
LIVE PREVIEW

2016 FINANCIAL RESULTS CONFERENCE DISCLAIMER Information contained - - PowerPoint PPT Presentation

Sep 09, 2023 332 likes •752 views

GROUPE RENAULT 2016 FINANCIAL RESULTS CONFERENCE DISCLAIMER Information contained within this document may contain forward looking statements. Although the Company considers that such information and statements are based on reasonable

slide-1
SLIDE 1

GROUPE RENAULT 2016 FINANCIAL RESULTS CONFERENCE

slide-2
SLIDE 2

2

INVESTOR RELATIONS RENAULT FY 2016 PRESENTATION FEBRUARY 10TH 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

slide-3
SLIDE 3

3

INVESTOR RELATIONS RENAULT FY 2016 PRESENTATION FEBRUARY 10TH 2017 PROPERTY OF GROUPE RENAULT

AGENDA

01

FY 2016 FINANCIAL RESULTS

CLOTILDE DELBOS EVP, Group Chief Financial Officer

02

2016 REVIEW AND 2017 OUTLOOK

CARLOS GHOSN Chairman & Chief Executive Officer

03 QUESTIONS & ANSWERS

slide-4
SLIDE 4

4

INVESTOR RELATIONS RENAULT FY 2016 PRESENTATION FEBRUARY 10TH 2017 PROPERTY OF GROUPE RENAULT

FY 2016 FINANCIAL RESULTS

CLOTILDE DELBOS

EVP, Group Chief Financial Officer

01

slide-5
SLIDE 5

5

INVESTOR RELATIONS RENAULT FY 2016 PRESENTATION FEBRUARY 10TH 2017 PROPERTY OF GROUPE RENAULT

2,809 1,614 356 360 354 124 3,183 1,805 364 491 354 167

GROUPE RENAULT UNIT REGISTRATIONS 2016 VS 2015

GLOBAL +13.3% EUROPE +11.8% AMERICAS +0.1% ASIA-PACIFIC +34.5% AFRICA-ME-INDIA +36.4% EURASIA +2.3%

K units (PC+LCV)

+4.6% TIV +7.0%

  • 6.3%
  • 1.7%
  • 4.1%

+9.3% GROUP

INTERNATIONAL +15.3%

slide-6
SLIDE 6

6

INVESTOR RELATIONS RENAULT FY 2016 PRESENTATION FEBRUARY 10TH 2017 PROPERTY OF GROUPE RENAULT

2016 2015

CHANGE

Global unit sales (units) * 3,182,625 2,808,926 +13.3% Group revenues 51,243 45,327 +13.1%

  • f which: Automotive

48,995 43,108 +13.7% Sales financing 2,248 2,219 +1.3%

FY 2016 GROUP REVENUES

(million euros)

*2015 restated: since January 1, 2016, volumes for China are reported based

  • n retail sales versus wholesales previously.

H1 H2 +13.5% +12.7%

slide-7
SLIDE 7

7

INVESTOR RELATIONS RENAULT FY 2016 PRESENTATION FEBRUARY 10TH 2017 PROPERTY OF GROUPE RENAULT

AUTOMOTIVE REVENUES VARIANCE ANALYSIS

Currency Volume Geographic mix Sales to partners Others

+13.7%

+8.9 pts +0.2 pts +0.7 pts +3.9 pts

  • 3.9 pts

+1.4 pts Price +2.5 pts

CHANGE 2016 vs 2015: +€5,887m

FY 2015 FY 2016

(million euros) Product mix

43,108 48,995

+3,816 +1,099 +1,691 +312 +68 +587

  • 1,686
slide-8
SLIDE 8

8

INVESTOR RELATIONS RENAULT FY 2016 PRESENTATION FEBRUARY 10TH 2017 PROPERTY OF GROUPE RENAULT

OPERATING PROFIT BY ACTIVITY

2016 2015*

CHANGE

AUTOMOTIVE 2,386 1,546 +840 % Automotive revenues 4.9% 3.6%

+1.3 pts

SALES FINANCING 896 829 +67 GROUP OPERATING PROFIT 3,282 2,375 +907 % Group revenues 6.4% 5.2%

+1.2 pts

(million euros)

* restated IAS 12

H1 H2 4.7% 5.1%

slide-9
SLIDE 9

9

INVESTOR RELATIONS RENAULT FY 2016 PRESENTATION FEBRUARY 10TH 2017 PROPERTY OF GROUPE RENAULT

2,375 3,282

+184

  • 112

+331 +115 +1,036 +55

  • 702

GROUP OPERATING PROFIT VARIANCE ANALYSIS

Currency Volume & partners Mix / Net Enrichment G&A RCI Banque & other activities

COST REDUCTION +€72m

FY 2015* FY 2016

CHANGE 2016 vs 2015: +€907m

Monozukuri Raw materials

GROWTH +€1,091m

(million euros)

* Restated IAS12

slide-10
SLIDE 10

10

INVESTOR RELATIONS RENAULT FY 2016 PRESENTATION FEBRUARY 10TH 2017 PROPERTY OF GROUPE RENAULT

+656

  • 101
  • 260
  • 111
  • 112

COST REDUCTION ANALYSIS

CHANGE 2016 vs 2015: +€72m

G&A Manufacturing & Logistics R&D Warranty Purchasing Monozukuri (million euros)

slide-11
SLIDE 11

11

INVESTOR RELATIONS RENAULT FY 2016 PRESENTATION FEBRUARY 10TH 2017 PROPERTY OF GROUPE RENAULT

2,375 3,282

+184

  • 112

+331 +115 +1,036 +55

  • 702

GROUP OPERATING PROFIT VARIANCE ANALYSIS

Currency Volume & partners Mix / Net Enrichment G&A RCI Banque & other activities

COST REDUCTION +€72m

FY 2015* FY 2016

CHANGE 2016 vs 2015: +€907m

Monozukuri Raw materials

GROWTH +€1,091m

(million euros)

* Restated IAS12

slide-12
SLIDE 12

12

INVESTOR RELATIONS RENAULT FY 2016 PRESENTATION FEBRUARY 10TH 2017 PROPERTY OF GROUPE RENAULT

OTHER OPERATING INCOME & EXPENSES

2016 2015

Restructuring costs

  • 283
  • 157

Impairment of assets

  • 38
  • 53

Profit / loss on asset sales

  • 4

+10 AVTOVAZ first full consolidation impact +325

  • Others

+1 +1 Total other operating income & expenses +1

  • 199

(million euros)

slide-13
SLIDE 13

13

INVESTOR RELATIONS RENAULT FY 2016 PRESENTATION FEBRUARY 10TH 2017 PROPERTY OF GROUPE RENAULT

FY 2016 FINANCIAL RESULTS

2016 2015

CHANGE

Revenues 51,243 45,327 +13.1% Operating profit * 3,282 2,375 +907

in % of revenues

6.4% 5.2% +1.2pts Other operating income & expenses 1

  • 199

+200 EBIT 3,283 2,176 +1,107 Net financial income & expenses

  • 323
  • 221
  • 102

Associated companies ** 1,638 1,371 +267 Current & deferred taxes *

  • 1,055
  • 366
  • 689

Net income **

in % of revenues

3,543 6.9% 2,960 6.5% +583 +0.4pts

(million euros)

* 2015 restated IAS 12 ** 2015 restated for AVTOVAZ 3 month difference

slide-14
SLIDE 14

14

INVESTOR RELATIONS RENAULT FY 2016 PRESENTATION FEBRUARY 10TH 2017 PROPERTY OF GROUPE RENAULT

ASSOCIATED COMPANIES

2016 2015

CHANGE

NISSAN 1,741 1,976

  • 235

AVTOVAZ *

  • 89
  • 620

+531 Others

  • 14

15

  • 29

Total associated companies 1,638 1,371 +267

(million euros)

* 2015 restated

slide-15
SLIDE 15

15

INVESTOR RELATIONS RENAULT FY 2016 PRESENTATION FEBRUARY 10TH 2017 PROPERTY OF GROUPE RENAULT

FY 2016 FINANCIAL RESULTS

2016 2015

CHANGE

Revenues 51,243 45,327 +13.1% Operating profit * 3,282 2,375 +907

in % of revenues

6.4% 5.2% +1.2pts Other operating income & expenses 1

  • 199

+200 EBIT 3,283 2,176 +1,107 Net financial income & expenses

  • 323
  • 221
  • 102

Associated companies ** 1,638 1,371 +267 Current & deferred taxes *

  • 1,055
  • 366
  • 689

Net income **

in % of revenues

3,543 6.9% 2,960 6.5% +583 +0.4pts

(million euros)

* 2015 restated IAS 12 ** 2015 restated for AVTOVAZ 3 month difference

slide-16
SLIDE 16

16

INVESTOR RELATIONS RENAULT FY 2016 PRESENTATION FEBRUARY 10TH 2017 PROPERTY OF GROUPE RENAULT

4,362 1,107

  • 940

1,264

+356 +772

  • 794

+1,119

AUTOMOTIVE NET FINANCIAL POSITION

Operational free cash flow

Cash flow

Change in WCR Dividends paid Net tangible & intangible investments

  • 3,611

Net Change Auto

Excl.VAZ

Dividends received from listed co. Capitalized R&D

  • 903

Financial investments & others Net capex

  • 2,144

(million euros)

Leased Vehicles

  • 564

Share Buy-back Nissan

AUTO EXCL.VAZ AUTO INCL.VAZ DEC 31, 2015

2,661

N/A DEC 31, 2016

3,925 2,720

slide-17
SLIDE 17

17

INVESTOR RELATIONS RENAULT FY 2016 PRESENTATION FEBRUARY 10TH 2017 PROPERTY OF GROUPE RENAULT

NEW VEHICLE DISTRIBUTION STOCK* EXCLUDING AVTOVAZ

468 526 527 520 481 593 571 591 564 106 264 178 260 141 298 200 267 165 362 262 349 260 340 295 371 324 399

DEC'14 MAR'15 JUN'15 SEP'15 DEC'15 MAR'16 JUN'16 SEP'16 DEC'16

GROUP INDEPENDENT DEALERS TOTAL

Number of days of sales (previous period)

55 66 58 77 75 78

(IN K UNITS)

60

* 2014 & 2015 restated

76 59

slide-18
SLIDE 18

18

INVESTOR RELATIONS RENAULT FY 2016 PRESENTATION FEBRUARY 10TH 2017 PROPERTY OF GROUPE RENAULT

LIQUIDITY RESERVES Cash €11.6bn Available credit lines €3.3bn TOTAL €14.9bn LIQUIDITY RESERVES Cash €11.8bn Available credit lines €3.3bn TOTAL €15.1bn

AUTOMOTIVE DIVISION LIQUIDITY EXCLUDING AVTOVAZ

DECEMBER 2015 DECEMBER 2016

slide-19
SLIDE 19

19

INVESTOR RELATIONS RENAULT FY 2016 PRESENTATION FEBRUARY 10TH 2017 PROPERTY OF GROUPE RENAULT

RCI BANQUE

2016 2015

New financings (€bn) 17.9 15.6 Average performing assets (€bn) 33.3 28.6 Net banking income 4.41% 4.75% Cost of risk (customer & dealer)

  • 0.31%
  • 0.33%

Operating expenses*

  • 1.39%
  • 1.47%

Pretax income* 2.74% 2.97% Operating profit (€m)* 896 829

(in percentage of average performing assets)

* 2015 restated IAS12

slide-20
SLIDE 20

20

INVESTOR RELATIONS RENAULT FY 2016 PRESENTATION FEBRUARY 10TH 2017 PROPERTY OF GROUPE RENAULT

End 2016 End 2015

DEPOSITS 12.6 10.2

  • /w GERMANY

8.1 7.0

  • /w UNITED KINGDOM

2.6 1.3

  • /w FRANCE

1.2 1.3

  • /w AUSTRIA

0.7 0.6

RCI BANQUE RETAIL DEPOSIT ACTIVITY

(billion euros)

slide-21
SLIDE 21

21

INVESTOR RELATIONS RENAULT FY 2016 PRESENTATION FEBRUARY 10TH 2017 PROPERTY OF GROUPE RENAULT

2016 REVIEW & 2017 OUTLOOK

CARLOS GHOSN

Chairman - Chief Executive Officer

02

slide-22
SLIDE 22

22

INVESTOR RELATIONS RENAULT FY 2016 PRESENTATION FEBRUARY 10TH 2017 PROPERTY OF GROUPE RENAULT

2016 FINANCIAL RESULTS – GROUPE RENAULT

2016 RESULTS WRAP-UP

01

DRIVE THE CHANGE UPDATE

02

2017 OUTLOOK

03

FUTURE TRENDS

04

slide-23
SLIDE 23

23

INVESTOR RELATIONS RENAULT FY 2016 PRESENTATION FEBRUARY 10TH 2017 PROPERTY OF GROUPE RENAULT

2016 OBJECTIVES MET & RECORD RESULTS

* at constant exchange rates

REVENUES 2016 > 2015* GROUP & AUTOMOTIVE OP. MARGIN 2016 > 2015 AUTOMOTIVE OPERATIONAL FREE CASH FLOW > 0

  

slide-24
SLIDE 24

24

INVESTOR RELATIONS RENAULT FY 2016 PRESENTATION FEBRUARY 10TH 2017 PROPERTY OF GROUPE RENAULT

2016 ACHIEVEMENTS – PRODUCT LAUNCHES

9. KAPTUR

  • 10. ALASKAN

1. MEGANE 2. TALISMAN SW 3. MEGANE ESTATE 4. SCENIC 5. MEGANE SEDAN 6. GRAND SCENIC

OTHER INTERNATIONAL LAUNCHES COMPLETE RENEWAL WITH C & D SEGMENT

  • 7. KADJAR
  • 8. KOLEOS

PRODUCT OFFENSIVE IN CHINA WITH LOCAL PRODUCTION

slide-25
SLIDE 25

25

INVESTOR RELATIONS RENAULT FY 2016 PRESENTATION FEBRUARY 10TH 2017 PROPERTY OF GROUPE RENAULT

2016 ACHIEVEMENTS – CONSOLIDATION OF AVTOVAZ

  • SUCCESSFUL

RECAPITALIZATION

  • NEW

RECOVERY PLAN

  • OPERATIONAL PROFITABILITY

EXPECTED BY 2018

slide-26
SLIDE 26

26

INVESTOR RELATIONS RENAULT FY 2016 PRESENTATION FEBRUARY 10TH 2017 PROPERTY OF GROUPE RENAULT

DRIVE THE CHANGE 2010 - 2016 UPDATE

GROWTH TARGET OVER ACHIEVED

39.0 41.1 51.2

2010 2014 2016

Group revenues

PROFITABILITY TARGET OVER ACHIEVED POSITIVE FCF EVERY 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 flow

1,107

slide-27
SLIDE 27

27

INVESTOR RELATIONS RENAULT FY 2016 PRESENTATION FEBRUARY 10TH 2017 PROPERTY OF GROUPE RENAULT

2010 – 2016 MORE DIVERSIFIED PRODUCT MIX

PRODUCTS RENEWAL

  • Complete renewal of C&D segment
  • Reinforced leadership in B segment

NEW PRODUCTS

  • Pioneer & leader in E.V
  • Full cross-over line-up for all our markets
  • Enlarged LCV range and Pick-ups

Twizy Zoe Kangoo ZE Dokker Oroch Alaskan Kwid Captur Kadjar Koleos (+QM6) Megane 4 Scenic 4 Talisman (+SM6) Espace 5 Clio 4 Captur

slide-28
SLIDE 28

28

INVESTOR RELATIONS RENAULT FY 2016 PRESENTATION FEBRUARY 10TH 2017 PROPERTY OF GROUPE RENAULT

2010 – 2016 BETTER BALANCED REGIONAL MIX

BRAZIL

AMERICAS

  • S. KOREA

ASIA PACIFIC

TURKEY

EURASIA

SPAIN ITALY UK GERMANY FRANCE

EUROPE

2010 : 8 countries > 100,000 units sold

slide-29
SLIDE 29

29

INVESTOR RELATIONS RENAULT FY 2016 PRESENTATION FEBRUARY 10TH 2017 PROPERTY OF GROUPE RENAULT

2010 – 2016 BETTER BALANCED REGIONAL MIX

INDIA IRAN

AMI

BRAZIL

AMERICAS

  • S. KOREA

ASIA PACIFIC

TURKEY

EURASIA

RUSSIA

SPAIN ITALY UK GERMANY FRANCE

EUROPE

2010 : 8 countries > 100,000 units sold

2016 : 11 countries > 100,000 units sold

slide-30
SLIDE 30

30

INVESTOR RELATIONS RENAULT FY 2016 PRESENTATION FEBRUARY 10TH 2017 PROPERTY OF GROUPE RENAULT

2010 – 2016 SALES TO PARTNERS 40% contribution

to growth of revenues

2010 - 2016

slide-31
SLIDE 31

31

INVESTOR RELATIONS RENAULT FY 2016 PRESENTATION FEBRUARY 10TH 2017 PROPERTY OF GROUPE RENAULT

2010 – 2016 SCALE EFFECTS

KADJAR QASHQAI KOLEOS XTRAIL

CMF C-D SUV PLATFORM MODULAR APPROACH 60% <10% 2010 > 2016

2/3 of value of upcoming vehicles from standardized modules

slide-32
SLIDE 32

32

INVESTOR RELATIONS RENAULT FY 2016 PRESENTATION FEBRUARY 10TH 2017 PROPERTY OF GROUPE RENAULT

2010 – 2016 COMPETITIVENESS AGREEMENT

  • €500m investment
  • 3600 recruitments
  • €220m in training

2017 – 2019 AGREEMENT

slide-33
SLIDE 33

33

INVESTOR RELATIONS RENAULT FY 2016 PRESENTATION FEBRUARY 10TH 2017 PROPERTY OF GROUPE RENAULT

2010 – 2016 COST REDUCTIONS

1,099

2.8%

3,282

6.4%

Volume Enrichment Net FOREX

2011 2016

Raw material

(million euros)

Cost reductions

> €3

billion

2010 – 2016 CUMULATED

slide-34
SLIDE 34

34

INVESTOR RELATIONS RENAULT FY 2016 PRESENTATION FEBRUARY 10TH 2017 PROPERTY OF GROUPE RENAULT

2010 – 2016 PRODUCT ENRICHMENT

RANGE BEFORE 2010 RANGE 2010 - 2016 EXTENDED AUTONOMY

slide-35
SLIDE 35

35

INVESTOR RELATIONS RENAULT FY 2016 PRESENTATION FEBRUARY 10TH 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)

slide-36
SLIDE 36

36

INVESTOR RELATIONS RENAULT FY 2016 PRESENTATION FEBRUARY 10TH 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%

BRAZIL stable RUSSIA stable

slide-37
SLIDE 37

37

INVESTOR RELATIONS RENAULT FY 2016 PRESENTATION FEBRUARY 10TH 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

slide-38
SLIDE 38

38

INVESTOR RELATIONS RENAULT FY 2016 PRESENTATION FEBRUARY 10TH 2017 PROPERTY OF GROUPE RENAULT

BEYOND 2017 PREPARING FOR THE FUTURE

ELECTRIC CONNECTED AUTONOMOUS

slide-39
SLIDE 39

39

INVESTOR RELATIONS RENAULT FY 2016 PRESENTATION FEBRUARY 10TH 2017 PROPERTY OF GROUPE RENAULT

OUTLOOK 2017 AND BEYOND

DRIVE NEXT

2010 - 2016 THE

CHANGE

2017

MID-TERM PLAN

slide-40
SLIDE 40

40

INVESTOR RELATIONS RENAULT FY 2016 PRESENTATION FEBRUARY 10TH 2017 PROPERTY OF GROUPE RENAULT

QUESTIONS & ANSWERS

03

slide-41
SLIDE 41

41

INVESTOR RELATIONS RENAULT FY 2016 PRESENTATION FEBRUARY 10TH 2017 PROPERTY OF GROUPE RENAULT