Slide 1: 2024 Financial Results
2024 Financial Results FEBRUARY 20, 2025 1
Slide 2: Agenda
Agenda Highlights & Strategy Financial Results Outlook & Conclusion Appendix 2
Slide 3: Highlights & Strategy
1 Highlights & Strategy Luca de Meo CEO Renault Group 3
Slide 4: Stay on track with a strong performance
Stay on track with a strong performance Operating margin Free cash flow Automotive net cash position New record New record €4.3bn € 2.9bn € 7.1bn 7.6% 4
Slide 5: Coherent portfolio, strong and differentiated brands
Coherent portfolio, strong and differentiated brands Repositioned Newly created 5
Slide 6: RG
RG
Slide 7: Agility and flexibility over uncertainty
Agility and flexibility over uncertainty No matter the energy, we are ready EV & SOFTWARE ICE & HYBRID Growth tech Highly cash-generating weapon businesses Ampere democratizing Power with supplied by EV & software in Europe PC + LCV 7
Slide 8: #1: Accelerate and make EVs affordable for all
#1: Accelerate and make EVs affordable for all Twingo E-Tech Electric showing the way Best-in-class Learning Right Local Reducing Amongst development from the best battery for local parts: the most time in their field technology production less is more affordable 8
Slide 9: RG
RG
Slide 10: #1: Accelerate and make EVs affordable for all
#1: Accelerate and make EVs affordable for all Twingo E-Tech Electric showing the way Best-in-class Learning development from the best time in their field Co-conception <2years in China with advanced R&D center 10
Slide 11: #1: Accelerate and make EVs affordable for all
#1: Accelerate and make EVs affordable for all Twingo E-Tech Electric showing the way Right Local battery for local technology 10kWh/100km Production LFP chemistry in Europe 11
Slide 12: #1: Accelerate and make EVs affordable for all
#1: Accelerate and make EVs affordable for all Twingo E-Tech Electric showing the way Reducing Amongst parts: the most less is more affordable -30% in parts vs. <€20k Renault 5 Price does not include subsidies 12
Slide 13: 13
13
Slide 14: #1: Accelerate and make EVs affordable for all
#1: Accelerate and make EVs affordable for all Best-in-class Learning Right Local Reducing Amongst development from the best battery for local parts: the most time in their field technology production less is more affordable 2-year development process (Leap 100): the new standard 14
Slide 15: RG
RG 6
Slide 16: #2: Affirm our position as #2 HEV OEM in Europe
#2: Affirm our position as #2 HEV OEM in Europe Fast growth Full hybrid: a competitive in HEV market share(1) advantage to lower CO2 emissions 20% 10 to 20grams/km 16% 12% 9% better than direct peers on C-segment vehicles 2% 2020 2021 2022 2023 2024 Enhancing flexibility & profitability while suppor
Slide 17: #3: Horse, the bold move to create value
#3: Horse, the bold move to create value, financially and operationally From perceived liability to value creation • Scale effect: 15 customers, in 130 countries • Powertrain cost competitiveness for Renault Group: >€2bn from 2024-2030 • 5 R&D centers & Aramco’s expertise to support innovation € 7.4
Slide 18: Solid foundations & execution excellence
Solid foundations & execution excellence Brands, products Value Disciplined Residual Capacity & distribution over volume distribution values utilization 4 ~+20pts ~2 4 to 12pts ~ 90% differentiated above market months of above European utilization rate of & complementary average on retail orderbook(
Slide 19: Financial Results
2 Financial Results Thierry Piéton CFO Renault Group 19
Slide 20: Group revenue
Group revenue Change at € million 2023 2024 Change constant FX Global unit sales (Kunits) 2,236 2,265 +1.3% Group revenue 52,376 56,232 +7.4% +9.0% o/w Automotive 48,150 50,519 +4.9% +6.3% o/w Mobility Services 45 69 +53.3% +52.6% o/w Sales Financing (Mobilize Financial Services) 4,181 5,644 +35.0%
Slide 21: Automotive revenue
Automotive revenue Change 2024 vs. 2023 +4.9% +6.3% at constant FX Currency Volume Sales to Price Product Geographic Other Partners mix Mix +1,026 +210 50,519 +1,319 +624 +308 48,150 -686 -432 -1.4pts +1.3pts -0.9pts +0.6pts +2.7pts +0.4pts +2.2pts € million 2023 2024 21
Slide 22: Automotive revenue
Automotive revenue Change 2024 vs. 2023 +4.9% +6.3% at constant FX Currency Volume Sales to Price Product Geographic Other Partners mix Mix +1,026 +210 50,519 +1,319 +624 +308 48,150 -686 -432 -1.4pts +1.3pts -0.9pts +0.6pts +2.7pts +0.4pts +2.2pts € million 2023 2024 22
Slide 23: Renault Group sales
Renault Group sales Sales evolution by brand(1) 2,236 2,265 2023 2024 1,549 1,577 658 676 4 5 RENAULT GROUP RENAULT DACIA ALPINE In % Δ / 2023 +1.3% +1.8% +2.7% +5.9% (1) PC+LCV in thousand units. Renault Group data comprises other brands such as Renault Korea Motors, Mobilize and Eveasy (Eveasy sal
Slide 24: Best-selling French car brand in the world
Best-selling French car brand in the world #3 in Europe >1 million units PC+LCV #1 in Europe in commercial vans 24
Slide 25: Dacia: on the podium for retail in Europe
Dacia: on the podium for retailin Europe, sales PC Sandero: best-selling model in Europe, across all channels Bigster: THE C-SUV available from 2025 25
Slide 26: Product offensive starting with the A290
Product offensive 4,585 starting with Car Of The Year 2025 the A290 A110 + A290 total units sold 26
Slide 27: Electrification across all our brands
Electrification across all our brands 27
Slide 28: New vehicle distribution inventories
New vehicle distribution inventories ~2 months orderbook(1) In thousand units 580 569 542 530 528 540 Total 480 484 500 437 Independent 409 dealers 375 369 340 307 316 302 297 273 160 226 228 231 131 140 109 Group 103 Dec'22 Mar'23 Jun'23 Sep'23 Dec'23 Mar'24 Jun'24 Sep'24 Dec'24 (1) Forward sales,
Slide 29: Automotive revenue
Automotive revenue Change 2024 vs. 2023 +4.9% +6.3% at constant FX Currency Volume Sales to Price Product Geographic Other Partners mix Mix +1,026 +210 50,519 +1,319 +624 +308 48,150 -686 -432 -1.4pts +1.3pts -0.9pts +0.6pts +2.7pts +0.4pts +2.2pts € million 2023 2024 29
Slide 30: Automotive revenue
Automotive revenue Change 2024 vs. 2023 +4.9% +6.3% at constant FX Currency Volume Sales to Price Product Geographic Other Partners mix Mix +1,026 +210 50,519 +1,319 +624 +308 48,150 -686 -432 -1.4pts +1.3pts -0.9pts +0.6pts +2.7pts +0.4pts +2.2pts € million 2023 2024 30
Slide 31: Automotive revenue
Automotive revenue Change 2024 vs. 2023 +4.9% +6.3% at constant FX Currency Volume Sales to Price Product Geographic Other Partners mix Mix +1,026 +210 50,519 +1,319 +624 +308 48,150 -686 -432 -1.4pts +1.3pts -0.9pts +0.6pts +2.7pts +0.4pts +2.2pts € million 2023 2024 31
Slide 32: Operating margin
Operating margin € million 2023 2024 Change Group operating margin 4,117 4,263 +146 % of Group revenue 7.9% 7.6% -0.3pts o/w Automotive 3,051 2,996 -55 % of segment revenue 6.3% 5.9% -0.4pts o/w Mobility Services -35 -28 +7 o/w Sales Financing (Mobilize Financial Services) 1,101 1,295 +194 Group ope
Slide 33: Group operating margin variance analysis
Group operating margin variance analysis Raw Purchasing Warranty Industrials, Change 2024 Materials logistics & other vs 2023 +1 +2 +€146m +498 +291 Currency Volume Price / Mix / Costs R&D SG&A Mobilize Others Horse Enrichment Financial impact Services +792 +157 +194 +143 +4 -115 -177 -385 4,117 4,2
Slide 34: Mobilize Financial Services
Mobilize Financial Services 2023 2024 Change New financings (€bn)(1) 21.0 21.5 +2.4% Average performing assets (€bn) 51.2 56.0 +9.4% Net banking income 3.84% 3.93% +0.09pts Cost of risk (customer & dealer) -0.29% -0.31% -0.02pts Operating expenses -1.38% -1.30% +0.08pts Pretax income 2.02% 2.13% +0.
Slide 35: Group consolidated income statement
Group consolidated income statement € million 2023 2024 Change Group revenue 52,376 56,232 +7.4% Operating margin 4,117 4,263 +146 % of Group revenue 7.9% 7.6% -0.3pts Other operating income & expenses -1,632 -1,687 -55 of which capital loss on Nissan shares disposal -880 -1,527 -647 EBIT 2,485 2,57
Slide 36: Free cash flow generation
Free cash flow generation Tangible & intangible • Capex: -€1,856m Cash flow investments • Disposals: +€94m • Capitalized R&D: -€1,153m • Leased vehicles: +€94m 5,239 o/w €600m Change Operational MFS(1) dividend in WCR Restructuring free cash flow -379 -2,821 +844 2,883 € million (1) MFS: Mobilize Fi
Slide 37: Automotive net financial position
Automotive net financial position Change Dec. 2024vs. Dec. 2023 +€3,372m Operational Net Financial Horse Nissan shares Forex IFRS 16 free cash investments & deconsolidation disposal impact & flow dividends others +852 +2,883 +1,058 -454 7,096 -967 of which €324m from 10% stake sale 3,724 to Aramco €
Slide 38: Proposed dividend: €2.20 per share, +19%
Proposed dividend: €2.20 per share, +19% Proposed dividend of €2.20 per share, payable in cash +19% 21.5% payout ratio €1.85 vs. last year per share, paid in cash 17.5% payout ratio 2023 2024 (paid in 2024) (payable in 2025) FY 2024 dividend pending Shareholders’ General Meeting approval 38
Slide 39: Outlook & Conclusion
Outlook & Conclusion Luca de Meo CEO Renault Group 39
Slide 40: Tackling the CAFE 2025 challenge
Tackling the CAFE 2025 challenge Key levers 1 Maximize EV & HEV penetration 2 ICE volume arbitrages Key principles 1 CAFE contribution embedded at every level 2 Control tower at Group level to ensure of the operations global optimization 40
Slide 41: 2025 financial outlook
2025 financial outlook Operating margin Free cash flow ≥ % 7 ≥€ 2bn including ~1 point of estimated including €150m of MFS dividend CAFE negative impact (vs. €600m in 2024) 41
Slide 42: Cost reduction 4.0
Cost reduction 4.0 Cost reduction Speed of -40% by design Lightness EV costs Significant improvement Productivity focus High double-digit cost in variable costs on R&D and IT reduction on serial life in 2024 (>€700/vehicle) in 2024 Stronger partnerships, Fully on track with the -50% key processes’ c
Slide 43: Continuing the product offensive
Continuing the product offensive across all our brands and powertrains EV PC ICE/HYBRID PC for Europe & International for Europe & International RENAULT 4 E-TECH DACIA BIGSTER MOBILIZE RENAULT C-SUV DUO/BENTO (international) ALPINE A390β* RENAULT B-Seg (Europe & international) RENAULT (international
Slide 44: Already preparing the next chapter
Innovation & Technology Already preparing the next chapter Scale: Markets expansion & Partnerships Synergetic diversification 44
Slide 45: Questions Answers
Questions Answers 45
Slide 46: Appendix
4 Appendix 46
Slide 47: Our people drive the Revolution
Our people drive the Revolution 39,000+ employees & partners International trained on key topics expansion of Renaulution accelerating Renaulution Shareplan 5.6% of employee ownership(1) 10% ambition in 2030 (1) As of December 31, 2024. To be compared to 5.07% as of December 31, 2023. 47
Slide 48: Renault Group sales – by region
Renault Group sales – by region Market and sales evolution by region(1) 2,236 2,265 2023 2024 1,545 1,599 314 310 267 245 88 92 Global Europe (2) Eurasia Asia Pacific (3) Latin America Africa & Middle East In % Car Market +1.7% +4.0% +1.1% +7.7% Δ / 2023 Renault Group +3.5% -1.4% +4.4% -8.3% (1) PC+
Slide 49: Other income & expenses
Other income & expenses € million 2023 2024 Change Restructuring costs -389 -304 +85 Impairment of PP&E(1), intangible assets and goodwill -501 -307 +194 Capital gain/loss on disposal of assets or shares -562 -887 -325 Others -180 -189 -9 Total other operating income & expenses -1,632 -1,687 -55 (1)
Slide 50: Associated companies
Associated companies € million 2023 2024 Change Nissan 797 -483(1) -1,280 Others 83 -38 -121 Total associated companies 880 -521 -1,401 (1) It includes +€211 million related to Nissan's contribution and -€694 million of impairment of the investment in Nissan following the impairment test carried out
Slide 51: Dividend payout calculation
Dividend payout calculation 2023 2024 Net income, Group share (€m) 2,198 752 Capital loss on Nissan shares disposal (€m) 880 1,527 Impairment of investment in Nissan (€m) - 694 Net income adjusted, Group share 3,078 2,973 Dividend by share (€) 1.85 2.20(1) Variation vs. previous year +18.9% Dividend
Slide 52: Debt and liquidity
Debt and liquidity Auto division liquidity reserves Credit ratings € billion Evolution vs. December 2023 17.8 18.5 17.6 16.8 S&P Global BB+/Stable (unchanged) Moody’s Ba1/Positive (in €bn) from Ba1/Stable R&I A-/Stable (unchanged) JCR A-/Stable (unchanged) June 2023 Dec. 2023 June 2024 Dec. 2024 52
Slide 53: Debt redemption schedule
Debt redemption schedule Renault S.A. – € billion – as of Dec. 31, 2024 Bond & Assimilated 2025 2.35 0.66 3.0 NEU CP 2026 3.0 3.0 € 7.7bn 2027 1.1 1.1 2028 0.6 0.6 53
Slide 54: Evolution of Nissan's capital held by Renault Group
Evolution of Nissan’s capital held by Renault Group €1.6bn in cash received by Renault Group 1,831.8m shares 211m 1,620.8m 43.40% shares shares 99.1m 40.42% 195.5m 1,326.2m shares shares shares 1,198.7m Bought at Bought at 35.71% shares ¥568.5 and 987.7m ¥593.4 and cancelled shares Bought at 693.1m
Slide 55: Disclaimer
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 i
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