RENAULT GROUP Q3 2015 · RENAULT Q3 2015 PRESENTATION OCTOBER 29TH 2015 PROPERTY OF GROUPE RENAULT...
Transcript of RENAULT GROUP Q3 2015 · RENAULT Q3 2015 PRESENTATION OCTOBER 29TH 2015 PROPERTY OF GROUPE RENAULT...
RENAULT GROUP
Q3 2015JÉRÔME STOLL
DOMINIQUE THORMANN
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INVESTOR RELATIONS
RENAULT Q3 2015 PRESENTATION OCTOBER 29TH 2015 PROPERTY OF GROUPE RENAULT
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.
DISCLAIMER
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INVESTOR RELATIONS
RENAULT Q3 2015 PRESENTATION OCTOBER 29TH 2015 PROPERTY OF GROUPE RENAULT
01Q3 2015 COMMERCIAL RESULTS UPDATEJÉRÔME STOLLEVP & CHIEF PERFORMANCE OFFICER
02Q3 2015 REVENUES & OUTLOOKDOMINIQUE THORMANNEVP & CFO
03 QUESTIONS & ANSWERS
AGENDA
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INVESTOR RELATIONS
RENAULT Q3 2015 PRESENTATION OCTOBER 29TH 2015 PROPERTY OF GROUPE RENAULT
RECOVERY IN EUROPE GAINS TRACTION
EMERGING MARKETS AND CURRENCIES STILL ADVERSE & VOLATILE
SUCCESS OF OUR NEW PRODUCTS WITH POSITIVE MIX IMPACT
STILL STRONG CONTRIBUTION OF SALES TO PARTNERS
FY GUIDANCE CONFIRMED
KEY TAKE-AWAYS FROM Q3 RESULTS
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INVESTOR RELATIONS
RENAULT Q3 2015 PRESENTATION OCTOBER 29TH 2015 PROPERTY OF GROUPE RENAULT
Q3 2015 COMMERCIAL RESULTS UPDATEJÉRÔME STOLLEVP & CHIEF PERFORMANCE OFFICER
01
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INVESTOR RELATIONS
RENAULT Q3 2015 PRESENTATION OCTOBER 29TH 2015 PROPERTY OF GROUPE RENAULT
* PC+LCV including USA & Canada
TIV EVOLUTION Q3 2015 VS Q3 2014
RUSSIA -25.3%
TURKEY +23.5%
ALGERIA -48.6%
MOROCCO +11.2%
INDIA +4.4%
BRAZIL -25.4%
ARGENTINA +3.5%
COLOMBIA -11.8%
WORLD*
TIV -0.2%
EURASIA
TIV -13.9%
AFRICA-ME-INDIA
TIV -6.6%
AMERICAS
TIV -12.5%
ASIA-PACIFIC
TIV -2.3%
EUROPE
TIV +9.8%
FRANCE +5.7%
GERMANY +5.3%
UK +8.1%
SPAIN +25.1%
ITALY +14.2%
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INVESTOR RELATIONS
RENAULT Q3 2015 PRESENTATION OCTOBER 29TH 2015 PROPERTY OF GROUPE RENAULT
613
318
88 75102
30
621
339
87 72 97
27
Q3'14 Q3'15 Q3'14 Q3'15 Q3'14 Q3'15 Q3'14 Q3'15 Q3'14 Q3'15 Q3'14 Q3'15
RENAULT GROUP UNIT REGISTRATIONS Q3 2015 VS Q3 2014
GLOBAL
+1.2%
EUROPE
+6.5%
AMERICAS
-5.3%
ASIA-PACIFIC
-11.2%
AFRICA-ME-INDIA
-4.8%
EURASIA
-1.2%
K units
(PC+LCV)
WORLD MARKET SHARE: 3.01% (+0.04 pts)
-0.2% TIV +9.8% -13.9% -6.6% -12.5% -2.3%
GROUP
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RENAULT Q3 2015 PRESENTATION OCTOBER 29TH 2015 PROPERTY OF GROUPE RENAULT
FRANCE01
BRAZIL02
03
ITALY
TURKEY04
SOUTH KOREA
05
06
07
08
09
SPAIN
10
24.4%
4.7%
7.4%
17.1%
GERMANY
8.1%
12.9%
ARGENTINA 14.6%
4.5%
RUSSIA 7.4%
M/S
(PC+LCV)
EUROPE KEEPS PUSHING SALES MOMENTUM
-1.4 pts
+0.5 pts
+2.6 pts
-1.0 pts
VS.
Q3 2014
UK 4.3%
+1.1 pts
-0.2 pts
-0.5 pts
+0.3 pts
-1.0 pts
+0.2 pts
REGIONAL SALES BREAKDOWN
36% 42%48%
55% 52%48%
Q3 2010 Q3 2011 Q3 2012 Q3 2013 Q3 2014 Q3 2015
42% 48% 52% 48% 45%55%
58% 52% 45% 48% 52% 55%
INTERNATIONALEUROPE
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INVESTOR RELATIONS
RENAULT Q3 2015 PRESENTATION OCTOBER 29TH 2015 PROPERTY OF GROUPE RENAULT
EUROPE REGIONGROUP PC+LCV : BREAKDOWN OF REGISTRATIONS
318
-11+32
339Q3’14 TIV
& MARKET MIX
Q3’15PERFORMANCE
France 24.4%
-1.4 pts
Europe 9.0%
-0.3 pts
GROUP MARKET SHARE PC+LCV
sept.-07 sept.-08 sept.-09 sept.-10 sept.-11 sept.-12 sept.-13 sept.-14 sept.-15
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RENAULT Q3 2015 PRESENTATION OCTOBER 29TH 2015 PROPERTY OF GROUPE RENAULT
NEW MODELS ON THE RIGHT TRACK
KADJAR - ORDERS (YTD September)
NET REVENUE (K€ vs SCENIC)
37,301
+3.7
+11.7
New ESPACE - ORDERS (YTD September)
NET REVENUE (K€ vs ESPACE IV)
18,905
+4.7
RV LEVEL (% pts vs ESPACE IV) +9.0
Residual Value sources : industry
RV LEVEL (% pts vs SCENIC)
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INVESTOR RELATIONS
RENAULT Q3 2015 PRESENTATION OCTOBER 29TH 2015 PROPERTY OF GROUPE RENAULT
EURASIA REGION
RENAULT KADJAR
8887
Q3’14Q3’15
PERFORMANCETIV
& MARKET MIX
-4
GROUP PC+LCV : BREAKDOWN OF REGISTRATIONS
+3
GROUP MARKET SHARE PC+LCV
Eurasia 11.6%
+1.5 pts
Turkey 17.1%
+1.1 pts
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RENAULT Q3 2015 PRESENTATION OCTOBER 29TH 2015 PROPERTY OF GROUPE RENAULT
AFRICA-MIDDLE EAST-INDIA REGION
GROUP MARKET SHARE PC+LCV
Africa-ME-India 3.7%
+0.1 pts
Algeria 34 %
+6.4 pts
RENAULT KWID
75
+10-13
72
Q3’14Q3’15
PERFORMANCETIV
& MARKET MIX
GROUP PC+LCV : BREAKDOWN OF REGISTRATIONS
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RENAULT Q3 2015 PRESENTATION OCTOBER 29TH 2015 PROPERTY OF GROUPE RENAULT
AMERICAS REGION
GROUP MARKET SHARE PC+LCV
Americas 6.8%
+0.5 pts
Brazil 7.4%
+0.3 pts
RENAULT OROCH
-17
PERFORMANCETIV &
MARKET MIX
-16
102 97
Q3’14 Q3’15+10
GROUP PC+LCV : BREAKDOWN OF REGISTRATIONS
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INVESTOR RELATIONS
RENAULT Q3 2015 PRESENTATION OCTOBER 29TH 2015 PROPERTY OF GROUPE RENAULT
ASIA-PACIFIC REGION
GROUP MARKET SHARE PC+LCV
Asia-Pacific 0.3%
South Korea 4.5%
+0.2 pts
0.0 pt
WUHAN
=
3027
Q3’14Q3’15
-5+2
PERFORMANCE
TIV
& MARKET MIX
GROUP PC+LCV : BREAKDOWN OF REGISTRATIONS
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INVESTOR RELATIONS
RENAULT Q3 2015 PRESENTATION OCTOBER 29TH 2015 PROPERTY OF GROUPE RENAULT
2015 COMMERCIAL OUTLOOK
The European car market should grow 8% this year, with a French market
up 5%. Our main emerging markets should remain adverse and volatile in
the fourth quarter.
Within this context, the Group confirms its commercial objectives:
Increase global registrations
Strengthen the Renault Brand in Europe
Improvement of our positions in emerging markets
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RENAULT Q3 2015 PRESENTATION OCTOBER 29TH 2015 PROPERTY OF GROUPE RENAULT
Q3 2015 REVENUES & OUTLOOKDOMINIQUE THORMANNEVP & CFO
02
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INVESTOR RELATIONS
RENAULT Q3 2015 PRESENTATION OCTOBER 29TH 2015 PROPERTY OF GROUPE RENAULT
RENAULT GROUP REVENUES BY DIVISION IN Q3 2015
In million euros Q3 2015 Change (%)Q3 2014
Automotive
Sales Financing
TOTAL
8,802
534
9,336
+10.2%
-2.2%
+9.4%
7,984
546
8,530
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RENAULT Q3 2015 PRESENTATION OCTOBER 29TH 2015 PROPERTY OF GROUPE RENAULT
AUTOMOTIVE REVENUE VARIANCE ANALYSIS
7,984
8,802
-173
+45 -45+184
+178
+413+216
Currency
Volume
Geographic
mixProduct
mixPrice
Sales to partners Others
+10.2%
-2.2 pts+0.6 pts -0.6 pts +2.3 pts +2.3 pts +5.2 pts +2.6 pts
In million euros CHANGE Q3 2015 / Q3 2014 : +€818m
Q3 2014 Q3 2015
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INVESTOR RELATIONS
RENAULT Q3 2015 PRESENTATION OCTOBER 29TH 2015 PROPERTY OF GROUPE RENAULT
DISTRIBUTION STOCK
NEW VEHICLE DISTRIBUTION STOCK (IN K UNITS)
503 488 527 495 493 459 515 510 503
243
100
255
158253
106
251177
260260
388
272337
240
353
264
333
243
SEP'13 DEC'13 MAR'14 JUN'14 SEP'14 DEC'14 MAR'15 JUN'15 SEP'15
GROUP
INDEPENDENTDEALERS
TOTAL
Number of days of sales
(previous period)75 7663 62 74 57 74 64 75
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INVESTOR RELATIONS
RENAULT Q3 2015 PRESENTATION OCTOBER 29TH 2015 PROPERTY OF GROUPE RENAULT
RCI BANQUE PERFORMANCE
Q3 2015 Change (%)Q3 2014
Revenues (in € m)
Average loans
outstanding (in € bn)
New contracts (in thousand units)
New financing(in € bn)
534
28.8
348
3.8
546
25.6
302
3.2
-2.2%
+12.8%
+15.2%
+21.9%
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RENAULT Q3 2015 PRESENTATION OCTOBER 29TH 2015 PROPERTY OF GROUPE RENAULT
2015 OUTLOOK
The European car market should grow 8% this year, with a French market
up 5%. Our main emerging markets should remain adverse and volatile in
the fourth quarter.
Within this context, the Group confirms its guidance:
increase registrations and Group revenues (at constant exchange rates)
improve Group operating margin and that of the Automotive division,
achieve positive Automotive operational free cash flow.
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RENAULT Q3 2015 PRESENTATION OCTOBER 29TH 2015 PROPERTY OF GROUPE RENAULT
QUESTIONS & ANSWERS03
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RENAULT Q3 2015 PRESENTATION OCTOBER 29TH 2015 PROPERTY OF GROUPE RENAULT
APPENDIX04
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INVESTOR RELATIONS
RENAULT Q3 2015 PRESENTATION OCTOBER 29TH 2015 PROPERTY OF GROUPE RENAULT
1,979
1,094
265 225308
87
1,998
1,188
246 223 261
80
09'14 09'15 09'14 09'15 09'14 09'15 09'14 09'15 09'14 09'15 09'14 09'15
RENAULT GROUP UNIT REGISTRATIONS SEPT 2015 (YTD) VS SEPT 2014 (YTD)
GLOBAL
+0.9%
EUROPE
+8.5%
AMERICAS
-15.3%
ASIA-PACIFIC
-7.5%
AFRICA-ME-INDIA
-1.0%
EURASIA
-7.2%
K units
(PC+LCV) WORLD MARKET SHARE: 3.12% (=)
+0.7% TIV +9.0% -18.4% -0.6% -11.1% -0.5%
GROUP
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INVESTOR RELATIONS
RENAULT Q3 2015 PRESENTATION OCTOBER 29TH 2015 PROPERTY OF GROUPE RENAULT
RENAULT GROUP REVENUES BY DIVISION IN Q3 2015 YTD
In million euros
Q3 2015YTD
Change
(%)Q3 2014
YTD
Automotive
Sales Financing
TOTAL
29,867
1,666
31,533
+11.8%
+2.4%
+11.2%
26,723
1,627
28,350
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INVESTOR RELATIONS
RENAULT Q3 2015 PRESENTATION OCTOBER 29TH 2015 PROPERTY OF GROUPE RENAULT
AUTOMOTIVE REVENUE VARIANCE ANALYSIS
26,723
29,867
+52
+660 -91+329
+486+1,525
+183Currency
VolumeGeographic
mix
Product mix
Price
Sales to partners
Others
+11.8%
+0.2 pts+2.5 pts -0.3 pts +1.2 pts +1.8 pts +5.7 pts +0.7 pts
In million euros CHANGE 2015 / 2014 : +€3,144m
Q3 2014YTD
Q3 2015YTD
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INVESTOR RELATIONS
RENAULT Q3 2015 PRESENTATION OCTOBER 29TH 2015 PROPERTY OF GROUPE RENAULT
RCI BANQUE PERFORMANCE YTD
Q3 2015
YTD
Change
(%)
Q3 2014
YTD
Revenues (in € m)
Average loans
outstanding (in € bn)
New contracts (in thousand units)
New financing(in € bn)
1,666
27.9
1,034
11.6
1,627
25.1
902
9.2
+2.4%
+10.9%
+14.7%
+26.7%
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RENAULT Q3 2015 PRESENTATION OCTOBER 29TH 2015 PROPERTY OF GROUPE RENAULT
% TIV YTD 2014 40% 30% 9% 20%
% TIV YTD 2015 39% 30% 10% 21%
13,3%
15,8%
13,9%
10,9%
8,5%
12,9%
15,3%
13,4%
11,4%
8,7%
Total Retail Fleet ST Rental OEM
YTD 2014
YTD 2015
IN FRA, GER, BEL+LUX, NL (YTD Sept)
GROUP MARKET SHARE BY CHANNEL
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RENAULT Q3 2015 PRESENTATION OCTOBER 29TH 2015 PROPERTY OF GROUPE RENAULT