Renault SA · EURONEXT:RNO
Renault SA — Q1 2019 Earnings Presentation
16 slides from Renault SA's earnings presentation, Apr 26, 2019
Slide 1: Q1 2019 Conference
Q1 2019 Conference INVESTOR RELATIONS – Q1 2019 PRESENTATION APRIL 26, 2019 PROPERTY OF GROUPE RENAULT 1
Slide 2: 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
Slide 3: Agenda
Agenda 01 Q1 2019 Commercial Results Update Olivier Murguet EVP, Sales and Regions 02 Q1 2019 Revenues & 2019 Outlook Clotilde Delbos EVP, Group Chief Financial Officer 03 Questions & Answers INVESTOR RELATIONS – Q1 2019 PRESENTATION APRIL 26, 2019 PROPERTY OF GROUPE RENAULT 3
Slide 4: Key Takeaways From Q1
Key Takeaways From Q1 ▪ Slow start for European and Russian markets ▪ Argentine and Turkish demand still at a standstill ▪ Tough H1 comparison basis for Renault ▪ Good market share resilience ▪ H2 will benefit from launches ▪ Full-Year guidance confirmed INVESTOR RELATIONS – Q1 2019 PRESENTATION APR
Slide 5: Q1 2019 Commercial Results Update
01 Q1 2019 Commercial Results Update INVESTOR RELATIONS – Q1 2019 PRESENTATION APRIL 26, 2019 PROPERTY OF GROUPE RENAULT 5
Slide 6: TIV Change Q1 2019 vs Q1 2018
TIV Change Q1 2019 vs Q1 2018 Germany +1% France +0% (1) World (1) UK -1% Russia ~0% TIV -7% Spain -5% Turkey -44% Europe Italy -6% TIV -2% Eurasia TIV -9% Algeria +37% Morocco +6% Africa-ME-India TIV -21% Iran -100% South Korea -3% China -12% Americas TIV -7% India -1% Asia-Pacific TIV -9% Brazil +
Slide 7: Groupe Renault's Sales Q1 2019 vs Q1 2018 including Jinbei & Huasong
Groupe Renault’s Sales Q1 2019 vs Q1 2018 including Jinbei & Huasong World market share: 4.1% (+0.1 pts) Thousand units (PC+LCV) Global Europe Eurasia Americas AMI** Asia-Pacific TIV -7.2% -2.4% -9.4% -7.1% -20.6% -8.6% +0.2% w/o Iran GROUP -5.6% +2.0% -4.4% -5.3% -30.5% -18.1% +1.8% w/o Iran * AMI:
Slide 8: Top Models / Countries Performance
Top Models / Countries Performance Key success models Top 10 countries performance Duster Volume Market vs. +22% vs Q1 2018 in Europe PC+LCV Q1 2019 share Q1 2018 (in Kunits) LCV 01 FRANCE 178 26.4% 0.0 pts +9% vs Q1 2018 in Europe RUSSIA 112 28.5% -0.1 pts 02 03 GERMANY 60 6.3% +0.2 pts Zoe 04 ITAL
Slide 9: 2019 TIV Outlook
2019 TIV Outlook Russia ~ +3% Europe stable (w/o hard Brexit) Brazil +10% Global Automotive Market (1) (1) PC+LCV including USA & Canada -1.6% (w/o hard Brexit) INVESTOR RELATIONS – Q1 2019 PRESENTATION APRIL 26, 2019 PROPERTY OF GROUPE RENAULT 9
Slide 10: Q1 2019 Revenues & Outlook
02 Q1 2019 Revenues & Outlook INVESTOR RELATIONS – Q1 2019 PRESENTATION APRIL 26, 2019 PROPERTY OF GROUPE RENAULT 10
Slide 11: Q1 2019 Group Revenues
Q1 2019 Group Revenues In million euros Q1 2018 Q1 2019 Change Global unit sales (units) 962,125 908,348 -5.6% Group Revenues 13,155 12,527 -4.8% o/w Automotive excl. AVTOVAZ 11,646 10,916 -6.3% o/w AVTOVAZ (1) 716 767 +7.1% o/w Sales Financing 793 844 +6.4% (1) AVTOVAZ net of eliminations INVESTOR
Slide 12: Automotive Excluding Avtovaz Revenues Variance Analysis
Automotive Excluding Avtovaz Revenues Variance Analysis Change Q1 2019 vs Q1 2018: -€730 m Currency Volume -175 -575 Sales to Product Price partners Geographic mix mix +36 Others 11,646 -546 +43 +76 -361 +197 10,916 -1.5 pts -4.7 pts +0.4 pts +0.6 pts +0.3 pts -3.1 pts +1.7 pts -6.3% (million euros)
Slide 13: New Vehicle Distribution Stock Excluding Avtovaz
New Vehicle Distribution Stock Excluding Avtovaz (In thousand units) 670 697 660 656 618 603 613 622 Total 588 423 424 440 344 411 357 356 Independent 330 303 dealers 326 340 273 285 300 Group 207 236 190 182 MAR'17 JUN'17 SEP'17 DEC'17 MAR'18 JUN'18 SEP'18 DEC'18 MAR'19 78 63 71 57 76 61 69 70 76 N
Slide 14: RCI Bank and Services Performance
RCI Bank and Services Performance Q1 2018 Q1 2019 Change Revenues (€m) 793 844 +6.4% Average performing assets (€m) 42,939 46,462 +8.2% New contracts (units) 448,783 436,509 -2.7% New Financings (€m) 5,238 5,128 -2.1% INVESTOR RELATIONS – Q1 2019 PRESENTATION APRIL 26, 2019 PROPERTY OF GROUPE RENAUL
Slide 15: 2019 Outlook
2019 Outlook Within this context, Europe Russia Brazil Groupe Renault confirms its guidance : ▪ Increase revenues (at constant exchange rates and perimeter) ▪ Achieve Group operating stable ~+3% +10% margin around 6% (w/o hard Brexit) ▪ Generate a positive Automotive operational free cash flow Globa
Slide 16: Questions & Answers
03 Questions & Answers INVESTOR RELATIONS – Q1 2019 PRESENTATION APRIL 26, 2019 PROPERTY OF GROUPE RENAULT 16