Présentation PowerPoint - Renault · Investor Relations –Q3 2019 Presentation –October 25,...
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INVESTOR RELATIONS / OCTOBER 25, 2019
Q3 2019 CONFERENCE
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2Investor Relations – Q3 2019 Presentation – October 25, 2019 Property of Groupe Renault
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 Registration Document filed with the French Autorité des
Marchés Financiers). Actual results may differ materially from those projected or implied in these forward looking statements.
These forward looking statements are made as of the date of this presentation. 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, exhaustiveness, adequacy, effectiveness
and genuineness of any statements and information contained in this report.
This information does not constitute an invitation to invest in shares or constitute or form a part of any offer for the sale or
subscription of, or any offer to buy or subscribe for, any securities or other financial instruments.
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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3Investor Relations – Q3 2019 Presentation – October 25, 2019 Property of Groupe Renault
01 Q3 2019 Commercial Results UpdateOlivier MurguetActing Deputy Managing Director EVP, Sales and Regions
02 Q3 2019 Revenues & 2019 OutlookClotilde DelbosActing Chief Executive Officer EVP, Group Chief Financial Officer
AGENDA
03 Questions & Answers
Investor Relations – Q3 2019 Presentation – October 25, 2019
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4Investor Relations – Q3 2019 Presentation – October 25, 2019 Property of Groupe Renault
Q3 2019 Commercial Results Update
01
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5Investor Relations – Q3 2019 Presentation – October 25, 2019 Property of Groupe Renault
* PC+LCV including USA & Canada
TIV Evolution Q3 2019 vs Q3 2018
RUSSIA -1.2%
TURKEY -21.7%
SOUTH KOREA -1.7%
ALGERIA -13.3%
INDIA -27.4%
IRAN -100.0%COLOMBIA +8.7%
BRAZIL +5.0%
ARGENTINA -30.0%
WORLD*
TIV -3.2%
EURASIA
TIV -2.1%
AFRICA-ME-INDIA-PACIFIC
TIV -9.2%
AMERICAS
TIV -3.6%
CHINA
TIV -5.0%
EUROPE
TIV +2.4%
CHINA -5.2%
GERMANY +7.1%
ITALY +3.8%
FRANCE +1.2%
UK -1.2%
SPAIN -9.7%
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6Investor Relations – Q3 2019 Presentation – October 25, 2019 Property of Groupe Renault
892
432
175124 111
50
852
417
184
99 11042
2018 2019 2018 2019 2018 2019 2018 2019 2018 2019 2018 2019
Groupe Renault’s Sales Q3 2019 vs Q3 2018
Thousand units
(PC+LCV)
World Market Share:
International
TIV*
GROUP
4.0% (-0.04 pts)
-5.4%
-0.3% w/o Iran
Global Europe EurasiaAfrica-ME-India-
PacificAmericas China
-3.2%-2.3% w/o Iran
+2.4% -2.1% -9.2%-5.5% w/o Iran
-3.6% -5.0%
-4.4%-1.8% w/o Iran
-3.4% +5.1% -20.0%-1.2% w/o Iran
-1.1% -15.5%
* PC+LCV including USA & Canada
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7Investor Relations – Q3 2019 Presentation – October 25, 2019 Property of Groupe Renault
Key Success models
CLIO
#2 Europe
#1 B Segment
ZOE
+46% vs 2018 in Europe
GRANTA
#1 Russia
KWID
+44% vs 2018 in Brazil
LCV
+10%vs 2018 in Europe
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8Investor Relations – Q3 2019 Presentation – October 25, 2019 Property of Groupe Renault
2,970
1,503
546428 325
168
2,791
1,489
536319 315
132
2018 2019 2018 2019 2018 2019 2018 2019 2018 2019 2018 2019
Groupe Renault’s Sales YTD 2019 vs YTD 2018
Thousand units
(PC+LCV)
World Market Share:
International
TIV*
GROUP
4.3% (stable)
-11.2%
-4.6% w/o Iran
Global Europe EurasiaAfrica-ME-India-
PacificAmericas China
-6.1%-4.8% w/o Iran
-1.0% -7.8% -9.6%-3.4% w/o Iran
-5.7% -10.4%
-6.0%-2.7% w/o Iran
-1.0% -1.9% -25.5%-2.3% w/o Iran
-2.9% -21.3%
* PC+LCV including USA & Canada
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9Investor Relations – Q3 2019 Presentation – October 25, 2019 Property of Groupe Renault
Russia~ -3%
Brazil~ +7%
Europe0% to -1%
2019 TIV OUTLOOK
~ -4%
Global Automotive Market (1)
(1) The evolution of the global automotive market for all brands also called Total Industry Volume (TIV) indicates the annual variation in sales* volumes of passenger cars and light commercial vehicles** in the main countries
including USA & Canada, provided by official authorities or statistical agencies in each country, and consolidated by Groupe Renault to constitute this world market (TIV).
*Sales: registrations or deliveries or invoices according to the data available in each consolidated country.
**Light commercial vehicles of less than 5.1 tons.
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10Investor Relations – Q3 2019 Presentation – October 25, 2019 Property of Groupe Renault
Q3 2019 Revenues & 2019 Outlook
02
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11Investor Relations – Q3 2019 Presentation – October 25, 2019 Property of Groupe Renault
Q3 2019 Group Revenues
In million euros Q3 2018 Q3 2019 Change
Global unit sales (units) 891,584 852,198 -4.4%
Group revenues 11,484 11,296 -1.6%
o/w Automotive excl. AVTOVAZ 10,057 9,662 -3.9%
o/w AVTOVAZ(1) 627 791 +26.2%
o/w Sales Financing 800 843 +5.4%
(1) AVTOVAZ net of eliminations
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12Investor Relations – Q3 2019 Presentation – October 25, 2019 Property of Groupe Renault
Currency
VolumeGeographic
mix
Sales to
partners
Others
-3.9%
-0.8 pts +0.1 pts -0.3 pts +2.1 pts -0.7 pts +1.2 pts
Price
-5.5 pts
CHANGE Q3 2019 vs Q3 2018: -€395m
Q3 2018 Q3 2019
(million euros)
Product
mix
10,057
-85 -553+215-37+14
+118
Revenues Variance Analysis
-241
9,662
-67
Automotive Excluding Avtovaz
Groupe Renault
Q3 2018 Q3 2019
AutomotiveRCI Avtovaz
-395 +164 +43
11,29611,484
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13Investor Relations – Q3 2019 Presentation – October 25, 2019 Property of Groupe Renault
(In thousand units)
New Vehicle Distribution Stock Excluding Avtovaz
Group
Independentdealers
Total
Number of days of sales (backward)
71 57 76 61 69 70 76 65 75
603 613
697660
588622
656 630603
273190
340
236285
182
300
218
290
330
423357
424
303
440
356412
313
SEP'17 DEC'17 MAR'18 JUN'18 SEP'18 DEC'18 MAR'19 JUN'19 SEP'19
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14Investor Relations – Q3 2019 Presentation – October 25, 2019 Property of Groupe Renault
RCI BANQUE PERFORMANCE
Q3 2018 Q3 2019 CHANGE
Revenues (€m) 800 843 +5.4%
Average Performing Assets (€m) 45,311 47,630 +5.1%
New Contracts (units) 424,004 420,819 -0.8%
New Financings (€m) 5,016 5,005 -0.2%
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15Investor Relations – Q3 2019 Presentation – October 25, 2019 Property of Groupe Renault
2019 OUTLOOK
Groupe Renault guidance :
▪ Published Group Revenues should
decline between -3% and -4%
▪ Group operating margin should be around 5%
▪ The Automotive operating free cash flow
should be positive in H2 while not
guaranteed for the full year
BrazilEurope
0% to -1% ~ -3%
Russia
~ +7%
Global Automotive Market (1)
~ -4%
(1) The evolution of the global automotive market for all brands also called Total Industry Volume (TIV) indicates the annual variation in sales* volumes of passenger cars and light commercial vehicles** in the main countries
including USA & Canada, provided by official authorities or statistical agencies in each country, and consolidated by Groupe Renault to constitute this world market (TIV).
*Sales: registrations or deliveries or invoices according to the data available in each consolidated country.
**Light commercial vehicles of less than 5.1 tons.
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16Investor Relations – Q3 2019 Presentation – October 25, 2019 Property of Groupe Renault
Questions & Answers
03
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17Investor Relations – Q3 2019 Presentation – October 25, 2019 Property of Groupe Renault
Appendix
04
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18Investor Relations – Q3 2019 Presentation – October 25, 2019 Property of Groupe Renault
Q3 2019 YTD Group Revenues
In million eurosQ3 2018
YTD
Q3 2019
YTDCHANGE
Global unit sales (Kunits) 2,970 2,791 -6.0%
Group revenues 41,441 39,347 -5.1%
o/w Automotive excl. AVTOVAZ 36,924 34,453 -6.7%
o/w AVTOVAZ(1) 2,104 2,348 +11.6%
o/w Sales Financing 2,413 2,546 +5.5%
(1) AVTOVAZ net of eliminations
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19Investor Relations – Q3 2019 Presentation – October 25, 2019 Property of Groupe Renault
Currency
Volume
Geographic
mix
Sales to
partners
Others
-6.7%
-3.6 pts -0.1 pts -0.2 pts +1.3 pts -1.0 pt +0.6 pts
Price
-3.7 pts
CHANGE Q3 YTD 2019 vs Q3 YTD 2018: -€ 2,471 m
Q3 2018
YTD
Q3 2019
YTD
(million euros)
Product
mix
34,453
36,924
-1,314
-1,376+472
-67-20
+213
Automotive Excluding Avtovaz Revenues Variance Analysis
-379
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20Investor Relations – Q3 2019 Presentation – October 25, 2019 Property of Groupe Renault
RCI BANQUE PERFORMANCE YTD
Q3 2018YTD
Q3 2019
YTDCHANGE
Revenues (€m) 2,413 2,546 +5.5%
Average Performing Assets (€m) 44,238 47,010 +6.3%
New Contracts (units) 1,371,150 1,339,323 -2.3%
New Financings (€m) 16,071 15,868 -1.3%
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