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RENAULT GROUP FIRST-HALF 2015 FINANCIAL RESULTS DISCLAIMER Information contained within this document may contain forward looking statements. Although the Company considers that such information and statements are based on reasonable


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SLIDE 1

RENAULT GROUP FIRST-HALF 2015 FINANCIAL RESULTS

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SLIDE 2

JULY 30th, 2015 2 INVESTOR RELATIONS RENAULT H1 2015 PRESENTATION

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

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SLIDE 3

JULY 30th, 2015 3 INVESTOR RELATIONS RENAULT H1 2015 PRESENTATION

01

H1 2015 FINANCIAL RESULTS & OUTLOOK

02 03

QUESTIONS & ANSWERS

AGENDA

COMMERCIAL UPDATE

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SLIDE 4

JULY 30th, 2015 4 INVESTOR RELATIONS RENAULT H1 2015 PRESENTATION

HIGHLIGHTS

  • OPERATING MARGIN IMPROVEMENT
  • GROWTH ACCELERATION
  • FY GUIDANCE CONFIRMED
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SLIDE 5

JULY 30th, 2015 5 INVESTOR RELATIONS RENAULT H1 2015 PRESENTATION

COMMERCIAL UPDATE

01

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SLIDE 6

JULY 30th, 2015 6 INVESTOR RELATIONS RENAULT H1 2015 PRESENTATION

RENAULT GROUP UNIT REGISTRATIONS H1 2015 vs H1 2014

WORLD MARKET SHARE: 3.2% (=)

1,366 776 177 150 206 57

1,376 849 159 151 164 54

K units (PC+LCV) H1'14 H1'15

GLOBAL +0.8% EUROPE +9.3% AMERICAS

  • 20.3%

ASIA-PACIFIC

  • 5.5%

AMI +0.9% EURASIA

  • 10.2%

+1.2% TIV +8.5%

  • 20.3%

+3.0%

  • 10.6%

+0.4% GROUP

H1'14 H1'15 H1'14 H1'15 H1'14 H1'15 H1'14 H1'15 H1'14 H1'15

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SLIDE 7

JULY 30th, 2015 7 INVESTOR RELATIONS RENAULT H1 2015 PRESENTATION

EUROPE REGION

France 26.9%

  • 0.4 pts

Europe 10.2% +0.1 pts

GROUP MARKET SHARE PC+LCV BREAKDOWN OF GROUP REGISTRATIONS PC+LCV GROUP ORDER BOOK PC+LCV

776 849 H1 2015 H1 2014 776 +8 +64 849 H1’14

TIV & MARKET MIX

H1’15

PERFORMANCE

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SLIDE 8

JULY 30th, 2015 8 INVESTOR RELATIONS RENAULT H1 2015 PRESENTATION

AMERICAS REGION

Americas 5.9%

  • 0.7 pts

Brazil 7.0% +0.1 pts

OROCH TO BE LAUNCHED IN H2 GROUP MARKET SHARE PC+LCV

206

BREAKDOWN OF GROUP REGISTRATIONS PC+LCV

206 164 H1’14 H1’15

PERFORMANCE TIV & MARKET MIX ARGENTINA

  • 21
  • 22

+1

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SLIDE 9

JULY 30th, 2015 9 INVESTOR RELATIONS RENAULT H1 2015 PRESENTATION

EURASIA REGION

Eurasia 11.2% +1.3 pts Russia 7.3%

  • 0.5 pts

DUSTER FACELIFT LAUNCHED IN H2 GROUP MARKET SHARE PC+LCV BREAKDOWN OF GROUP REGISTRATIONS PC+LCV

177

  • 8
  • 10

159 H1 2015 H1 2014 849 H1 2015 177

  • 8
  • 10

159 H1’14

TIV & MARKET MIX

H1’15

PERFORMANCE

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SLIDE 10

JULY 30th, 2015 10 INVESTOR RELATIONS RENAULT H1 2015 PRESENTATION

AFRICA - MIDDLE EAST - INDIA REGION

AMI 3.6%

  • 0.1 pts

Algeria 31.7% +7.1 pts

GROUP MARKET SHARE PC+LCV BREAKDOWN OF GROUP REGISTRATIONS PC+LCV KWID TO BE LAUNCHED IN H2

150 +5

  • 4

151 H1 2015 H1 2014 177

  • 8
  • 10

159 H1 2015 H1 2014 849 H1 2015 150 +5

  • 4

151 H1’14

TIV & MARKET MIX

H1’15

PERFORMANCE

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SLIDE 11

JULY 30th, 2015 11 INVESTOR RELATIONS RENAULT H1 2015 PRESENTATION

ASIA-PACIFIC REGION

Asia-Pacific 0.3% Korea 4.4%

  • 0.2 pts

0.0 pt

WUHAN PLANT ON TRACK GROUP MARKET SHARE PC+LCV BREAKDOWN OF GROUP REGISTRATIONS PC+LCV

150 +5

  • 4

151 H1 2015 H1 2014 177

  • 8
  • 10

159 H1 2015 H1 2014 849 H1 2015 57

  • 6

+3 54 H1’14

TIV & MARKET MIX

H1’15

PERFORMANCE

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SLIDE 12

JULY 30th, 2015 12 INVESTOR RELATIONS RENAULT H1 2015 PRESENTATION

H1 2015 FINANCIAL RESULTS & OUTLOOK

02

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SLIDE 13

JULY 30th, 2015 13 INVESTOR RELATIONS RENAULT H1 2015 PRESENTATION

H1 2014 H1 2015 CHANGE

Revenues

19,820 22,197 +12.0%

Operating margin

+729 +1,069 +340

in % of revenues +3.7% +4.8% +1.1 pts Other operating income & expenses

  • 265
  • 116

+149

EBIT

+464 +953 +489

Net financial income & expenses

  • 124
  • 161
  • 37

Associated companies

+725 +912 +187

Current & deferred taxes

  • 264
  • 235

+29

Net income

+801 +1,469 +668

(million euros)

H1 2015 FINANCIAL RESULTS

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SLIDE 14

JULY 30th, 2015 14 INVESTOR RELATIONS RENAULT H1 2015 PRESENTATION

H1 2014 H1 2015 CHANGE

Global registrations (units)

1,365,988 1,376,356 +0.8%

Group revenues

19,820 22,197 +12.0%

  • f which: Automotive

18,739 21,065 +12.4% Sales financing 1,081 1,132 +4.7%

Q1 Q2 +13.7% +10.8%

H1 2015 GROUP REVENUES

(million euros)

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SLIDE 15

JULY 30th, 2015 15 INVESTOR RELATIONS RENAULT H1 2015 PRESENTATION

AUTOMOTIVE REVENUES VARIANCE ANALYSIS

18,739 21,065 +615

  • 46

+145 +308 +1,112 +225

  • 33

Currency Volume Geographic mix Product mix Sales to partners Others

+12.4%

+3.3pts

  • 0.2pts

+0.8pts +1.6pts +1.2pts

  • 0.2pts

Price

+5.9pts

CHANGE H1 2015 / H1 2014: +€2,326m

H1 2014 H1 2015

(million euros)

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SLIDE 16

JULY 30th, 2015 16 INVESTOR RELATIONS RENAULT H1 2015 PRESENTATION

729 1,069 +236

  • 17

+28

  • 283

+263 +1 +112

GROUP OPERATING MARGIN VARIANCE ANALYSIS

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

COST REDUCTION +€219m

H1 2014 H1 2015

(million euros)

CHANGE H1 2015 / H1 2014: +€340m

Monozukuri Raw materials

GROWTH +€264m

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SLIDE 17

JULY 30th, 2015 17 INVESTOR RELATIONS RENAULT H1 2015 PRESENTATION

OPERATING MARGIN BY ACTIVITY H1 2014 H1 2015 CHANGE

AUTOMOTIVE

+348 +656 +308

% Automotive revenues

+1.9% +3.1% +1.3 pts SALES FINANCING

+381 +413 +32

GROUP OPERATING MARGIN

+729 +1,069 +340

% Group revenues

+3.7% +4.8% +1.1 pts

(million euros)

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SLIDE 18

JULY 30th, 2015 18 INVESTOR RELATIONS RENAULT H1 2015 PRESENTATION

RCI BANQUE

in % of average loans outstanding

H1 2014 H1 2015

New financings (€bn)

6.0 7.7

Average performing loans outstanding (€bn)

24.8 27.6

Net banking income*

5.14% 4.93%

Cost of risk* (customer & dealer)

  • 0.47%
  • 0.31%

Operating expenses*

  • 1.58%
  • 1.54%

Pretax income*

2.92% 3.08%

(* in percentage of average performing loans outstanding)

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SLIDE 19

JULY 30th, 2015 19 INVESTOR RELATIONS RENAULT H1 2015 PRESENTATION

OTHER OPERATING INCOME & EXPENSES H1 2014 H1 2015

Net restructuring costs (incl. competitiveness agreement in France)

  • 152
  • 106

Impairment of assets / reversal

  • 135
  • 11

Profit / loss on asset sales

+30 +6

Others

  • 8
  • 5

TOTAL OTHER OPERATING INCOME & EXPENSES

  • 265
  • 116

(million euros)

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SLIDE 20

JULY 30th, 2015 20 INVESTOR RELATIONS RENAULT H1 2015 PRESENTATION

H1 2015 FINANCIAL RESULTS H1 2014 H1 2015 CHANGE

Revenues

19,820 22,197 +12.0%

Operating margin

+729 +1,069 +340

in % of revenues +3.7% +4.8% +1.1 pts Other operating income & expenses

  • 265
  • 116

+149

EBIT

+464 +953 +489

Net financial income & expenses

  • 124
  • 161
  • 37

Associated companies

+725 +912 +187

Current & deferred taxes

  • 264
  • 235

+29

Net income

+801 +1,469 +668

(million euros)

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SLIDE 21

JULY 30th, 2015 21 INVESTOR RELATIONS RENAULT H1 2015 PRESENTATION

ASSOCIATED COMPANIES H1 2014 H1 2015 CHANGE

Nissan

+789 +979 +190

AVTOVAZ (1)

  • 55
  • 70
  • 15

Others

  • 9

+3 +12

TOTAL ASSOCIATED COMPANIES

+725 +912 +187

(1) AVTOVAZ is consolidated with a 3-month time lag

Q1 Q2 494 485

(million euros)

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SLIDE 22

JULY 30th, 2015 22 INVESTOR RELATIONS RENAULT H1 2015 PRESENTATION

H1 2015 FINANCIAL RESULTS H1 2014 H1 2015 CHANGE

Revenues

19,820 22,197 +12.0%

Operating margin

+729 +1,069 +340

in % of revenues +3.7% +4.8% +1.1 pts Other operating income & expenses

  • 265
  • 116

+149

EBIT

+464 +953 +489

Net financial income & expenses

  • 124
  • 161
  • 37

Associated companies

+725 +912 +187

Current & deferred taxes

  • 264
  • 235

+29

Net income

+801 +1,469 +668

(million euros)

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SLIDE 23

JULY 30th, 2015 23 INVESTOR RELATIONS RENAULT H1 2015 PRESENTATION

  • 369

+267

  • 591
  • 118

AUTOMOTIVE NET CASH POSITION

Operational free cash flow Cash flow +1,727 Change in WCR Dividends paid Net tangible & intangible investments

  • 1,453

Net cash decrease

Dividends received from listed co.

  • 123

Leased Vehicles

  • 431

Capitalized R&D Financial investments & others

  • 899

Net capex

  • DEC. 31, 2014: €2,104m

JUNE 30, 2015: €1,567m

  • 95
  • 537

(million euros)

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SLIDE 24

JULY 30th, 2015 24 INVESTOR RELATIONS RENAULT H1 2015 PRESENTATION

DISTRIBUTION STOCK

NEW VEHICLE DISTRIBUTION STOCK (IN K UNITS)

445 481 507 503 488 527 495 493 459 515 510 131 241 140 243 100 255 158 253 106 251 177 314 240 367 260 388 272 337 240 353 264 333

DEC'12 MAR'13 JUN'13 SEP'13 DEC'13 MAR'14 JUN'14 SEP'14 DEC'14 MAR'15 JUN'15

GROUP INDEPENDENT DEALERS TOTAL

Number of days of sales (previous period)

65 67 72 75 76 63 62 74 57 74 64

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SLIDE 25

JULY 30th, 2015 25 INVESTOR RELATIONS RENAULT H1 2015 PRESENTATION

RISKS & OPPORTUNITIES FOR THE SECOND HALF

  • REGULATORY COST PRESSURE
  • LATIN AMERICA
  • SUPPLY CHAIN
  • NEW PRODUCTS
  • EUROPEAN MARKET MOMENTUM
  • FOREX
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SLIDE 26

JULY 30th, 2015 26 INVESTOR RELATIONS RENAULT H1 2015 PRESENTATION

OUTLOOK 2015

  • Global car demand should continue to grow about 1% in 2015 despite a

significant slowdown in emerging markets. On the other hand, the European market should grow by at least 5%.

  • Within this context, Renault confirms its guidance:
  • increase registrations and Group revenues (at constant exchange rates),
  • improve Group operating profit and that of the Automotive division,
  • achieve positive Automotive operational free cash flow.
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SLIDE 27

JULY 30th, 2015 27 INVESTOR RELATIONS RENAULT H1 2015 PRESENTATION

Q&A

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SLIDE 28

JULY 30th, 2015 28 INVESTOR RELATIONS RENAULT H1 2015 PRESENTATION

APPENDIX

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SLIDE 29

JULY 30th, 2015 29 INVESTOR RELATIONS RENAULT H1 2015 PRESENTATION

CHANGE IN WORKING CAPITAL REQUIREMENT

JUNE 30, 2015 vs DEC. 31, 2014 +700

  • 1,291
  • 237

+459

  • 369

Others Inventory Account receivables Total Account payables

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SLIDE 30

JULY 30th, 2015 30 INVESTOR RELATIONS RENAULT H1 2015 PRESENTATION

LIQUIDITY RESERVES

Cash = €11.6bn Available credit lines = €3.2bn

TOTAL = €14.8bn LIQUIDITY RESERVES

Cash = €10.2bn Available credit lines = € 3.3bn

TOTAL = €13.5bn

AUTOMOTIVE DIVISION LIQUIDITY

DECEMBER 2014 JUNE 2015

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SLIDE 31

JULY 30th, 2015 31 INVESTOR RELATIONS RENAULT H1 2015 PRESENTATION

RCI LIQUIDITY*

LIQUIDITY RESERVES

Cash = €0.1bn HQLA = €0.9bn ECB eligible = €1.9bn Available credit lines = €4.0bn

TOTAL = €6.9bn LIQUIDITY RESERVES

Cash = €0.1bn HQLA = €0.8bn ECB eligible = €1.8bn Available credit lines = €4.1bn

TOTAL = €6.8bn

DECEMBER 2014 JUNE 2015

*Central funding perimeter

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SLIDE 32

JULY 30th, 2015 32 INVESTOR RELATIONS RENAULT H1 2015 PRESENTATION

RCI BANQUE RETAIL DEPOSIT ACTIVITY

  • Dec. 2014

June 2015 DEPOSITS 6.5 7.0

  • /w GERMANY

4.4 5.1

  • /w FRANCE

1.8 1.4

  • /w AUSTRIA

0.4 0.5

  • /w UNITED KINGDOM

N/A 0.04

  • 2016 TARGET: 30% OF RCI BANQUE OUTSTANDINGS

(billion euros)

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SLIDE 33

JULY 30th, 2015 33 INVESTOR RELATIONS RENAULT H1 2015 PRESENTATION

EUROPE REGION: SALES BY CHANNEL

PC GROUP MARKET SHARE BY CHANNEL IN F, D, BE JUNE 2015 vs JUNE 2014 (YTD)

H1 2015 H1 2014

% TIV H1 2014 45% 23% 11% 21% % TIV H1 2015 42% 24% 11% 23%

13.3% 16.7% 11.8% 11.6% 8.6% 12.9% 16.3% 11.3% 12.2% 8.7% Total Retail Fleet STR Self Regs