RENAULT GROUP Q1 2016 THIERRY KOSKAS DOMINIQUE THORMANN
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.
INVESTOR RELATIONS RENAULT Q1 2016 PRESENTATION
APRIL 21, 2016
PROPERTY OF GROUPE RENAULT
2
AGENDA
01
Q1 2016 COMMERCIAL RESULTS UPDATE THIERRY KOSKAS EVP, SALES & MAKETING
02
Q1 2016 REVENUES & OUTLOOK DOMINIQUE THORMANN EVP & CFO
03
QUESTIONS & ANSWERS
INVESTOR RELATIONS RENAULT Q1 2016 PRESENTATION
APRIL 21, 2016
PROPERTY OF GROUPE RENAULT
3
KEY TAKE-AWAYS FROM Q1 RESULTS
STRONG EUROPEAN MARKET
MIXED SITUATION IN EMERGING MARKETS SUCCESS OF OUR NEW PRODUCTS STRONG FOREX HEADWIND FY GUIDANCE CONFIRMED
INVESTOR RELATIONS RENAULT Q1 2016 PRESENTATION
APRIL 21, 2016
PROPERTY OF GROUPE RENAULT
4
01
Q1 2016 COMMERCIAL RESULTS UPDATE THIERRY KOSKAS EVP, SALES & MARKETING INVESTOR RELATIONS RENAULT Q1 2016 PRESENTATION
APRIL 21, 2016
PROPERTY OF GROUPE RENAULT
5
TIV EVOLUTION Q1 2016 VS Q1 2015
WORLD* TIV
+1.5%
EUROPE TIV
FRANCE GERMANY UK SPAIN ITALY
+8.4% +4.8% +4.5% +7.1% +21.1%
RUSSIA TURKEY
-16.9% -2.7%
+8.2%
EURASIA TIV
-12.4%
AFRICA-ME-INDIA TIV
-7.8%
ALGERIA MOROCCO
-54.4% +17.5% CHINA +5.9% SOUTH KOREA +5.2%
AMERICAS TIV
-11.5% INDIA
ASIA-PACIFIC TIV
+3.3%
+2.8% BRAZIL ARGENTINA COLOMBIA
-28.3% +1.6% -16.3%
* PC+LCV including USA & Canada INVESTOR RELATIONS RENAULT Q1 2016 PRESENTATION
APRIL 21, 2016
PROPERTY OF GROUPE RENAULT
6
RENAULT GROUP UNIT REGISTRATIONS Q1 2016 VS Q1 2015 K units (PC+LCV)
WORLD MARKET SHARE: 3.1% (+0.2 pts) 692
646
399
434
INTERNATIONAL +4.7%
Q1'15
Q1'16
GLOBAL GROUP +7.3% TIV
+1.5%
Q1'15
Q1'16
69
67
70
Q1'15
Q1'16
Q1'15
95
Q1'16
80 Q1'15
72 Q1'16
28
25
Q1'15
Q1'16
EUROPE +8.9%
EURASIA -2.0%
AFRICA-ME-INDIA +36.1%
AMERICAS -11.1%
ASIA-PACIFIC -11.5%
+8.2%
-12.4%
-7.8%
-11.5%
+2.8%
INVESTOR RELATIONS RENAULT Q1 2016 PRESENTATION
APRIL 21, 2016
PROPERTY OF GROUPE RENAULT
7
EUROPE KEEPS PUSHING SALES MOMENTUM REGIONAL SALES BREAKDOWN
69%
31% 36%
Q1 2010
63%
37%
42%
Q1 2011
55%
48%45%
Q1 2012
EUROPE
51%
55%
49%
56%
52%
Q1 2013
48%
44%
Q1 2014
62%
38%
Q1 2015
TOP 10 MARKETS BY VOLUME
63%
37%
Q1 2016
APRIL 21, 2016
vs.
(PC+LCV)
Q1 2015
26.5 %
+0.1 pts
ITALY
9.2 %
+0.1 pts
03
GERMANY
4.7 %
+0.1 pts
04
UK
4.4 %
+0.3 pts
05
SPAIN
10.4 %
-1.5 pts
06
BRAZIL
6.9 %
+0.1 pts
07
TURKEY
17.5 %
+1,5 pts
08
INDIA
+2,3 pts
09
RUSSIA
3.6 % 7.3 %
10
BELGIUM+LUX
11.7 %
-0,6 pts
01
FRANCE
02
INTERNATIONAL
INVESTOR RELATIONS RENAULT Q1 2016 PRESENTATION
Market share
PROPERTY OF GROUPE RENAULT
8
+0.2 pts
EUROPE REGION GROUP PC+LCV : BREAKDOWN OF REGISTRATIONS K units (PC+LCV)
-1
+36
GROUP MARKET SHARE PC+LCV Europe
Q1’15 399
TIV & MARKET MIX
Q1 2015
TIV
PERFORMANCE
Q1’16 434
PERF
Q1 2016
GROUP ORDER BOOK PC + LCV
9.8%
+0.1 pts France
26.5%
+0.1 pts
INVESTOR RELATIONS RENAULT Q1 2016 PRESENTATION
APRIL 21, 2016
PROPERTY OF GROUPE RENAULT
9
EURASIA REGION GROUP PC+LCV : BREAKDOWN OF REGISTRATIONS K units (PC+LCV)
Q1’15
GROUP MARKET SHARE PC+LCV Eurasia
-5 -4 TIV
69
& MARKET MIX
Q1 2015
TIV
+3 PERFORMANCE +3
Q1’16
PERF
Q1 2016
RENAULT KADJAR
11.9%
+1.3 pts Turkey
17.5%
+1.5 pts
INVESTOR RELATIONS RENAULT Q1 2016 PRESENTATION
APRIL 21, 2016
PROPERTY OF GROUPE RENAULT
10
67
AFRICA-MIDDLE EAST-INDIA REGION GROUP PC+LCV : BREAKDOWN OF REGISTRATIONS K units (PC+LCV)
Q1’15 70
GROUP MARKET SHARE PC+LCV Africa-ME-India
Q1 2015
+39
Q1’16
PERFORMANCE
95
-14 TIV & MARKET MIX
TIV PERF RENAULT KWID
4.6%
+1.5 pts India
3.6%
+2.3 pts
INVESTOR RELATIONS RENAULT Q1 2016 PRESENTATION
APRIL 21, 2016
PROPERTY OF GROUPE RENAULT
11
Q1 2016
AMERICAS REGION GROUP PC+LCV : BREAKDOWN OF REGISTRATIONS K units (PC+LCV)
Q1’15 80
Q1 2015 GROUP MARKET SHARE PC+LCV Americas
-13
-17 +5
TIV PERFORMANCE & MARKET MIX
TIV
PERF
RENAULT OROCH
5.7%
=
+0.0 pt Brazil
6.9%
+0.1 pts
INVESTOR RELATIONS RENAULT Q1 2016 PRESENTATION
APRIL 21, 2016
PROPERTY OF GROUPE RENAULT
12
Q1’16 72
Q1 2016
ASIA-PACIFIC REGION GROUP PC+LCV : BREAKDOWN OF REGISTRATIONS* K units (PC+LCV)
Q1’15 Q3’14 28 30
+1 +2
-5
TIV -4 & MARKET MIX PERFORMANCE
Q1’16 Q3’15 25 27
* Restatement on 2015 & 2016 Chinese sales: reported on retail sales basis versus wholesales previously
Q1 2015
GROUP MARKET SHARE PC+LCV Asia-Pacific
0.3%
0.0 pt
=
TIV
PERF
RENAULT SAMSUNG SM6
South Korea 4.0% -0.3 pts
INVESTOR RELATIONS RENAULT Q1 2016 PRESENTATION
APRIL 21, 2016
PROPERTY OF GROUPE RENAULT
13
Q1 2016
NEW MODELS ON THE RIGHT TRACK NEW ESPACE
NEW MEGANE
Registrations Q1: 7,735 RV* France: +18 pts vs Espace IV
Registrations Q1: 13,587 RV France: +9.3 pts vs Mégane III
KADJAR
KWID
Registrations Q1: 35,358
Registrations Q1: 23,288
TALISMAN
DUSTER OROCH
Registrations Q1: 5,007 RV France: +13.5 pts vs Laguna
Registrations Q1: 3,191
* RV : Residual Value INVESTOR RELATIONS RENAULT Q1 2016 PRESENTATION
APRIL 21, 2016
PROPERTY OF GROUPE RENAULT
14
02
Q1 2016 REVENUES & OUTLOOK DOMINIQUE THORMANN EVP & CFO INVESTOR RELATIONS RENAULT Q1 2016 PRESENTATION
APRIL 21, 2016
PROPERTY OF GROUPE RENAULT
15
RENAULT GROUP REVENUES BY DIVISION IN Q1 2016
In million euros
Automotive
Sales Financing
TOTAL
INVESTOR RELATIONS RENAULT Q1 2016 PRESENTATION
Q1 2015
Q1 2016
Change (%)
8,829
9,942
+12.6%
559
547
-2.1%
9,388
10,489
+11.7%
APRIL 21, 2016
PROPERTY OF GROUPE RENAULT
16
AUTOMOTIVE REVENUE VARIANCE ANALYSIS CHANGE Q1 2016 / Q1 2015 : +€1,113m
In million euros
Volume
Geographic mix
Product mix
+76
+168
Price
Sales to partners
Currency
+238
-394
+237
Others
-116
+904 9,942 +10.2 pts
+0.9 pts
+1.9 pts
+2.7 pts
+2.7 pts
-4.5 pts
-1.3 pts
8,829 +12.6%
Q1 2016
Q1 2015 INVESTOR RELATIONS RENAULT Q1 2016 PRESENTATION
APRIL 21, 2016
PROPERTY OF GROUPE RENAULT
17
NEW VEHICLE DISTRIBUTION STOCK (IN K UNITS)
488
527
495
353
337
255
503
333 264
260
240
251
243 178
TOTAL
298
GROUP
465
324
254
158
100
511
459
388
272
515
493
575
277
141
106
DEC'13
MAR'14
JUN'14
SEP'14
DEC'14
MAR'15
JUN'15
SEP'15
DEC'15
MAR'16
63
76
62
74
57
74
64
75
53
76
INVESTOR RELATIONS RENAULT Q1 2016 PRESENTATION
APRIL 21, 2016
INDEPENDENT DEALERS
PROPERTY OF GROUPE RENAULT
Number of days of sales (previous period) 18
RCI BANQUE PERFORMANCE Q1 2015 Revenues
Q1 2016
Change (%)
559
547
-2.1%
27.6
31.1
+12.8%
320
353
+10.2%
3.7
4.1
+11.3%
(in € m)
Average Performing Assets* (in € bn)
New contracts (in thousand units)
New financings (in € bn)
* Restated to include operating leases since the beginning of 2016, representing : € 0.3 bn in Q1 2015 and € 0.5 bn in Q1 2016 INVESTOR RELATIONS RENAULT Q1 2016 PRESENTATION
APRIL 21, 2016
PROPERTY OF GROUPE RENAULT
19
OUTLOOK 2016 In 2016, the global market is expected to grow 2% compared to 2015. The
European market is now expected to increase by at least 5% (vs +2% previously). Outside Europe, the Brazilian and Russian markets are expected to decline
further, by 15% to 20% (vs -6% previously) and 12% respectively. On the contrary, China (+4% to +5%) and India (+8%) should pursue their positive momentum. THE GROUP* IS AIMING TO: Increase group revenues (at constant exchange rates) Improve group operating margin Generate a positive Automotive operational free cash flow * at constant scope of consolidation INVESTOR RELATIONS RENAULT Q1 2016 PRESENTATION
APRIL 21, 2016
PROPERTY OF GROUPE RENAULT
20
03
QUESTIONS & ANSWERS
INVESTOR RELATIONS RENAULT Q1 2016 PRESENTATION
APRIL 21, 2016
PROPERTY OF GROUPE RENAULT
21
INVESTOR RELATIONS RENAULT Q1 2016 PRESENTATION
APRIL 21, 2016
PROPERTY OF GROUPE RENAULT
22
