GROUPE RENAULT DEUTSCHE BANK CONFERENCE FRANKFURT 2017 INVESTOR - - PowerPoint PPT Presentation

groupe renault
SMART_READER_LITE
LIVE PREVIEW

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.


slide-1
SLIDE 1

PROPERTY OF GROUPE RENAULT

1

INVESTOR RELATIONS – H1 RESULTS PRESENTATION SEPTEMBER 2017

GROUPE RENAULT DEUTSCHE BANK CONFERENCE – FRANKFURT 2017

slide-2
SLIDE 2

PROPERTY OF GROUPE RENAULT

2

INVESTOR RELATIONS – H1 RESULTS PRESENTATION SEPTEMBER 2017

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 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.

slide-3
SLIDE 3

PROPERTY OF GROUPE RENAULT

3

INVESTOR RELATIONS – H1 RESULTS PRESENTATION SEPTEMBER 2017

DRIVE THE CHANGE HOW WE MET OUR TARGETS

01

slide-4
SLIDE 4

PROPERTY OF GROUPE RENAULT

4

INVESTOR RELATIONS – H1 RESULTS PRESENTATION SEPTEMBER 2017

HOW WE MET OUR TARGETS (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-5
SLIDE 5

PROPERTY OF GROUPE RENAULT

5

INVESTOR RELATIONS – H1 RESULTS PRESENTATION SEPTEMBER 2017

HOW WE MET OUR TARGETS PRODUCT ENRICHMENT

RANGE BEFORE 2010 RANGE 2010 - 2016 EXTENDED AUTONOMY

slide-6
SLIDE 6

PROPERTY OF GROUPE RENAULT

6

INVESTOR RELATIONS – H1 RESULTS PRESENTATION SEPTEMBER 2017

HOW WE MET OUR TARGETS SALES TO PARTNERS 40% contribution

to growth of revenues

2010 - 2016

slide-7
SLIDE 7

PROPERTY OF GROUPE RENAULT

7

INVESTOR RELATIONS – H1 RESULTS PRESENTATION SEPTEMBER 2017

HOW WE INTENDED TO IMPROVE OPERATING MARGIN

3.0 % > 5 %

Volume

Cost reduction

Enrichment Net Raw material Provision FOREX

FY2013 > FY2016

slide-8
SLIDE 8

PROPERTY OF GROUPE RENAULT

8

INVESTOR RELATIONS – H1 RESULTS PRESENTATION SEPTEMBER 2017

WHAT WE ACHIEVED

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-9
SLIDE 9

PROPERTY OF GROUPE RENAULT

9

INVESTOR RELATIONS – H1 RESULTS PRESENTATION SEPTEMBER 2017

4 KEY-FUNCTIONS CONVERGENCE ALLIANCE SYNERGIES

2009 2010 2011 2012 2013 2014 2015 2016 2018 Renault Nissan

OBJECTIVE €5.5bn

€3.8bn

ACCELERATING ALLIANCE SYNERGIES

PURCHASING UPSTREAM ENGINEERING HUMAN RESOURCES MANUFACTURING & LOGISTICS €4.3bn

4 KEY-FUNCTIONS CONVERGENCE

€5 bn

slide-10
SLIDE 10

PROPERTY OF GROUPE RENAULT

10

INVESTOR RELATIONS – H1 RESULTS PRESENTATION SEPTEMBER 2017

2017 SALES RESULTS – YTD JULY

02

slide-11
SLIDE 11

PROPERTY OF GROUPE RENAULT

11

INVESTOR RELATIONS – H1 RESULTS PRESENTATION SEPTEMBER 2017

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)

GROUPE RENAULT’S UNIT REGISTRATIONS YTD JULY 2017 VS 2016 (incl. Lada)

slide-12
SLIDE 12

PROPERTY OF GROUPE RENAULT

12

INVESTOR RELATIONS – H1 RESULTS PRESENTATION SEPTEMBER 2017

FOCUS ON EV

ZOE IS THE ONLY AFFORDABLE EV WITH 400KM HOMOLOGATED RANGE

  • New ZE 40 battery with 400km NEDC range
  • 300km in real life driving conditions
  • New ‘pay as you drive’ battery rental scheme

23 984 13 627 Mar Jun Aug ZOE CUMUL ORDERS 2017 ZOE CUMUL ORDERS 2016

  • ZOE is leader in Europe (+48% vs 2016)
  • ZOE market share: 24.1% (+1 pts vs 2016)
  • Renault Leader on EV :

SALES: STRENGTHENING ZOE LEADERSHIP ORDERS: BREAKTHROUGH ON ZOE

+76%

vs

2016 YTD

1

2

3

21 238 14 914 #4 8 163 #5 7 416 11 237

YTD JULY 2017

slide-13
SLIDE 13

PROPERTY OF GROUPE RENAULT

13

INVESTOR RELATIONS – H1 RESULTS PRESENTATION SEPTEMBER 2017

2017 H1 RESULTS AND PERSPECTIVES

03

slide-14
SLIDE 14

PROPERTY OF GROUPE RENAULT

14

INVESTOR RELATIONS – H1 RESULTS PRESENTATION SEPTEMBER 2017

KEY TAKE-AWAYS FROM H1 RESULTS

  • ROBUST GROWTH IN ALL REGIONS
  • STRONG CONTRIBUTION FROM SALES TO PARTNERS
  • COST SAVINGS BACK ON TRACK
  • NEGATIVE MIX NET PRICE ENRICHMENT
  • AVTOVAZ IN A RECOVERY MODE
slide-15
SLIDE 15

PROPERTY OF GROUPE RENAULT

15

INVESTOR RELATIONS – H1 RESULTS PRESENTATION SEPTEMBER 2017

H1 2017 FINANCIAL RESULTS

In million euros

H1 2016 H1 2017 CHANGE

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

  • 65
  • 31

+34

EBIT

1,476 1,789 +313

NET FINANCIAL INCOME & EXPENSES

  • 67
  • 211
  • 144

ASSOCIATED COMPANIES

678 1,317 +639

CURRENT & DEFERRED TAXES

  • 520
  • 479

+41

NET INCOME

1,567 2,416 +849

Nota Bene: AVTOVAZ accounted for by equity method in 2016 and fully consolidated in 2017

slide-16
SLIDE 16

PROPERTY OF GROUPE RENAULT

16

INVESTOR RELATIONS – H1 RESULTS PRESENTATION SEPTEMBER 2017

In million euros

H1 2016 H1 2017 CHANGE

GROUP OPERATING PROFIT % GROUP REVENUES

1,541

+6.1%

1,820

+6.2%

+279

+0.1pts

  • /w AUTOMOTIVE

% AUTOMOTIVE REVENUES

1,121

+4.7%

1,292

+4.8%

+171

+0.1pts

  • /w AVTOVAZ*
  • 3

+3

  • /w SALES FINANCING

420 525 +105

H1 2017 OPERATING PROFIT BY ACTIVITY

*AVTOVAZ net of eliminations Nota Bene: AVTOVAZ accounted for by equity method in 2016 and fully consolidated in 2017

slide-17
SLIDE 17

PROPERTY OF GROUPE RENAULT

17

INVESTOR RELATIONS – H1 RESULTS PRESENTATION SEPTEMBER 2017

1,817 1,541 1,820

204

  • 44
  • 132
  • 180

346 177

  • 95

3

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

COST REDUCTION +€160m

H1 2016* H1 2017

  • incl. AVTOVAZ

Monozukuri Raw materials

GROWTH +€523m

(million euros) AVTOVAZ**

H1 2017

  • excl. AVTOVAZ

GROUP OPERATING PROFIT VARIANCE ANALYSIS

CHANGE H1 2017 vs H1 2016 : +€279m

* 2016 in previous perimeter excluding AVTOVAZ ** AVTOVAZ net of eliminations

slide-18
SLIDE 18

PROPERTY OF GROUPE RENAULT

18

INVESTOR RELATIONS – H1 RESULTS PRESENTATION SEPTEMBER 2017

CHANGE H1 2017 vs H1 2016: +€160m

+382

  • 11
  • 83
  • 84
  • 44

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

COST REDUCTION ANALYSIS EXCLUDING AVTOVAZ

slide-19
SLIDE 19

PROPERTY OF GROUPE RENAULT

19

INVESTOR RELATIONS – H1 RESULTS PRESENTATION SEPTEMBER 2017

RCI BANQUE

H1 2016 H1 2017

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)

  • 0.30%
  • 0.29%

OPERATING EXPENSES

  • 1.41%
  • 1.37%

PRETAX INCOME

2.71% 2.83%

OPERATING PROFIT (€m)

420 525

( in percentage of average performing assets)

slide-20
SLIDE 20

PROPERTY OF GROUPE RENAULT

20

INVESTOR RELATIONS – H1 RESULTS PRESENTATION SEPTEMBER 2017

  • FX VOLATILITY
  • RAW MATERIALS
  • MARKET CHANNEL MIX IN EUROPE
  • MONOZUKURI
  • RECOVERY IN RUSSIA AND BRAZIL
  • NEW PRODUCTS

H2 2017 RISKS & OPPORTUNITIES

slide-21
SLIDE 21

PROPERTY OF GROUPE RENAULT

21

INVESTOR RELATIONS – H1 RESULTS PRESENTATION SEPTEMBER 2017

2017 TIV OUTLOOK

* PC+LCV INCLUDING USA & CANADA

EUROPE +2% FRANCE +2% BRAZIL

  • 6%

INDIA +8% CHINA +5%

GLOBAL TIV *

+ 1.5% to + 2.5%

BRAZIL +5% RUSSIA at least +5%

slide-22
SLIDE 22

PROPERTY OF GROUPE RENAULT

22

INVESTOR RELATIONS – H1 RESULTS PRESENTATION SEPTEMBER 2017

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-23
SLIDE 23

PROPERTY OF GROUPE RENAULT

23

INVESTOR RELATIONS – H1 RESULTS PRESENTATION SEPTEMBER 2017

QUESTIONS & ANSWERS

03