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GROUPE RENAULT DEUTSCHE BANK CONFERENCE FRANKFURT 2017 INVESTOR - - PowerPoint PPT Presentation
GROUPE RENAULT DEUTSCHE BANK CONFERENCE FRANKFURT 2017 INVESTOR RELATIONS H1 RESULTS PRESENTATION SEPTEMBER 2017 PROPERTY OF GROUPE RENAULT 1 DISCLAIMER Information contained within this document may contain forward looking statements.
PROPERTY OF GROUPE RENAULT
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INVESTOR RELATIONS – H1 RESULTS PRESENTATION SEPTEMBER 2017
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INVESTOR RELATIONS – H1 RESULTS PRESENTATION SEPTEMBER 2017
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.
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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
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RANGE BEFORE 2010 RANGE 2010 - 2016 EXTENDED AUTONOMY
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to growth of revenues
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Volume
Cost reduction
Enrichment Net Raw material Provision FOREX
FY2013 > FY2016
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2.8%
6.4%
Volume Enrichment Net FOREX
2011 2016
Raw material
(million euros)
Cost reductions
billion
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4 KEY-FUNCTIONS CONVERGENCE ALLIANCE SYNERGIES
2009 2010 2011 2012 2013 2014 2015 2016 2018 Renault Nissan
OBJECTIVE €5.5bn
€3.8bn
PURCHASING UPSTREAM ENGINEERING HUMAN RESOURCES MANUFACTURING & LOGISTICS €4.3bn
€5 bn
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1 963 1 098 346 253 189 77 2170 1163 386 292 215 115
YTD'16 YTD'17 YTD'16 YTD'17 YTD'16 YTD'17 YTD'16 YTD'17 YTD'16 YTD'17 YTD'16 YTD'17
GLOBAL +10.5%
+10.3%
EUROPE +5.9%
+5.8%
AMERICAS +13.6%
+13.5%
ASIA-PACIFIC +48.8%
+47.7%
AFRICA-ME-INDIA +15.7%
+15.5%
EURASIA +11.4%
+10.6%
INTERNATIONAL +16.5%
K units (PC+LCV)
+2.6% TIV +4.3% +5.1% +0.4% +7.8% +3.8% GROUP
GROUP excl. LADA
WORLD MARKET SHARE: 4.1% (+0.3 pts)
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23 984 13 627 Mar Jun Aug ZOE CUMUL ORDERS 2017 ZOE CUMUL ORDERS 2016
vs
21 238 14 914 #4 8 163 #5 7 416 11 237
YTD JULY 2017
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In million euros
REVENUES
25,185 29,537 +17.3%
OPERATING PROFIT
1,541 1,820 +279
% OF GROUP REVENUES
+6.1% +6.2% +0.1 pts OTHER OPERATING INCOME & EXPENSES
+34
EBIT
1,476 1,789 +313
NET FINANCIAL INCOME & EXPENSES
ASSOCIATED COMPANIES
678 1,317 +639
CURRENT & DEFERRED TAXES
+41
NET INCOME
1,567 2,416 +849
Nota Bene: AVTOVAZ accounted for by equity method in 2016 and fully consolidated in 2017
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In million euros
GROUP OPERATING PROFIT % GROUP REVENUES
1,541
+6.1%
1,820
+6.2%
+279
+0.1pts
% AUTOMOTIVE REVENUES
1,121
+4.7%
1,292
+4.8%
+171
+0.1pts
+3
420 525 +105
*AVTOVAZ net of eliminations Nota Bene: AVTOVAZ accounted for by equity method in 2016 and fully consolidated in 2017
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204
346 177
3
Currency Volume & partners Mix / Net Enrichment G&A RCI Banque & others
COST REDUCTION +€160m
H1 2016* H1 2017
Monozukuri Raw materials
GROWTH +€523m
(million euros) AVTOVAZ**
H1 2017
CHANGE H1 2017 vs H1 2016 : +€279m
* 2016 in previous perimeter excluding AVTOVAZ ** AVTOVAZ net of eliminations
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CHANGE H1 2017 vs H1 2016: +€160m
+382
G&A Manufacturing & Logistics R&D Warranty Purchasing Monozukuri (million euros)
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NEW FINANCINGS (€Bn)
8.9 10.4
AVERAGE PERFORMING ASSETS (€Bn)
31.9 38.6
NET BANKING INCOME
4.39% 4.44%
COST OF RISK (CUSTOMER & DEALER)
OPERATING EXPENSES
PRETAX INCOME
2.71% 2.83%
OPERATING PROFIT (€m)
420 525
( in percentage of average performing assets)
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* PC+LCV INCLUDING USA & CANADA
EUROPE +2% FRANCE +2% BRAZIL
INDIA +8% CHINA +5%
GLOBAL TIV *
BRAZIL +5% RUSSIA at least +5%
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