BNP Parisbas Exane - ESG Conference - September 29, 2022
BNP Parisbas Exane - ESG Conference - September 29, 2022
BNP Parisbas Exane - ESG Conference - September 29, 2022
tech &
sustainable
company
EXANE ESG Conference
September 29, 2022
1
Agenda
Overview of Renault Group
2
Overview of
Renault Group
3
Capital & structure of Renault Group
as of June 30, 2022 Breakdown of capital
as of December 31, 2021
Renault
S.A
64.83% 15.01%
Nissan Public French State
Dacia
Motor 99.4%
43.4%
Renault
s.a.s
15.00%
100% Nissan
Mobility
Other 3.61%
RCI industrial and
Banque services Employees
100% 100% commercial
companies
1.55%
Treasury stock
4
Key figures
2021
Group turnover Vehicles
46.2 33 sold
billions of Industrial
sites
2. 7
millions
euros
Operating
margin Net profit including
Renaulution
outlook
>3% ~€3bn 8-9% >€2bn -30%
in 2023 2021-2023 2021-2023 reduction by 2022 as of 2023
2021
achievements 2 years in advance
3.6% €1.3bn 8.5% >€2bn -40%
1 year in advance 2 years in advance
6
2022 H1: a new step in Renault Group recovery
Operating Automotive operational Net debt
margin free cash flow June 30, 2022
• In May 2022, the Board of Directors unanimously approved the signing of agreements to sell 100% of
Renault Group's shares in Renault Russia to Moscow City entity and its 67.69% interest in AVTOVAZ to
NAMI (the Central Research and Development Automobile and Engine Institute) : a responsible choice
towards our 45,000 employees in Russia, while preserving the Group's performance
• As a consequence,
• The Russian Automotive activities were deconsolidated in 2022 H1 and treated as discontinued
operations with retroactive effect to January 1, 2022
• 2022 H1 impact: net income of discontinued operations -€2.3bn
• 2022 H1 financial aggregates of continuing activities no longer include Russian Automotive
activities
• 2021 was adjusted in line
8
2022 outlook upgraded
H2 market
outlook Europe Eurasia Latam
excluding Russia
The Group confirms an impact of the semiconductor crisis estimated at 300,000 vehicles in 2022
9
Ambitious product line-up
to fuel sustainable & profitable growth
Global PC+ LCV
4 3 12 6
25
Launches
2022 2023 2024 2025
Assets E-TECH
11
Board &
committees
composition
12
Current composition of the Board of Directors post 2022 AGM
Jean-Dominique Senard
Chairman of the Board
16
Noël
Desgrippes
Directors Pierre
Fleuriot*
Director
representing employee shareholders 66.7% (1)
41.7% (2)
Independent Women
Vincent Directors
Le Biez Miriem Catherine Bernard
Director Bensalah Chaqroun Barba Delpit
designed by order
as representative of the French State
Thomas
Courbe Marie-Annick Frédéric Annette
Director Darmaillac Mazella Winkler
appointed by the AGM (1) 50% recommended by the AFEP-MEDEF Code
upon proposal of the French State (2) 40% provided by law Independent Directors
appointed by the AGM
* Lead independent Director.
(1) Excluding the 3 directors representing employees and the director representing employee shareholders,
but including Mr. Jean-Dominique Senard.
13
Skills mapping of the members if the Board of Directors
Auto industry
Ms. Winkler, Messrs. Barrat,
Delpit, Desgrippes, Gentil,
8 9 Finance
Ms. Winkler, Messrs. Courbe, Delpit, Fleuriot,
Personne, Senard, Tagawa, Le Biez
Personne, Senard, Tagawa
8
International experience Mazzella, Senard
Ms. Barba, Bensalah-Chaqroun,
Serizawa, Winkler,
Messrs.Mazzella, Senard,
Tagawa 6 Environmental, social and governance
Ms. Bensalah-Chaqroun, Darmaillac, Serizawa,
Winkler, Messrs. Sernard, Tagawa
Automotive industry: automotive industry experience; knowledge of Renault Group business and competitive environment
Finance : experience in financial sector(banks, accounting, financial market), capital management or risk management; in-depth understanding of financial reporting processes and
corporate finance
Environmental, Social and Governance: experience in managing ESG issues
Senior Executive experience : experience serving as CEO or senior executive in organization of significant size
International experience: extensive professional experience acquired thanks to activities in multiple regions ofthe world and in multinational organizations
Digital and innovation: expertise or experience with the development and implementation of technology strategies; experience in companies having a strong technology focus
14
Current composition of the Committees of the Board of Directors
Governance and Compensation Committee Audit and Risks Committee Strategy and CSR Committee
66,67%(*) 60%(*) 60%(*)
Independence Independence Independence
Pierre Fleuriot Bernard Delpit Annette Winkler
Thomas Courbe
Eric Personne Miriem Bensalah Chaqroun
Noël Desgrippes
Vincent Le Biez Pierre Fleuriot
Richard Gentil
Permanent guest to Joji Tagawa
the Committees meetings
Frédéric Mazzella
Jean-Dominique Senard
Vincent Le Biez
Yu Serizawa
15
Sustainability
at Renault Group
16
A dedicated governance for ESG
Group
Sustainability
Committee
17
Our ESG strategy ensures Renaulution’s sustainable deployment
CORPORATE « Our spirit of innovation takes mobility further to bring people closer »
PURPOSE
CORPORATE
STRATEGY
Green company Tech company New businesses
ESG
VISION GREEN AS A BUSINESS CARING CARS CARING COMPANY
ESG « Carmakers, care makers. We make cars while taking care of the people who design and manufacture them, of
CLAIM our customers who use them, of the resources from which they’re produced and of the planet on which they run. »
Suppliers
-30% Decarbonization -65% 120,000 vehicles 80% of recycled
CO2 materials* of all European well-to-wheel refurbished / year battery minerals
-35% plants emissions in 20,000 batteries injected in new
2030 by 2030 Europe* batteries
CO2 battery* repaired / year
New initiatives
& partners ElectriCity
19
GREEN AS A BUSINESS CARING CARS CARING COMPANY
SALES* K units
+52% 203
133
EV
46
EV
EV Hybrid Hybrid
2030
target 70% 100% 0% 100% 100% 100% 100%
92%
coverage
Covered directly
by RG battery
suppliers
Key partnerships
in 2022 H1 to secure the EV value chain
Low-carbon cobalt JV creation for 200kW new generation for EV and hybrid
battery casings rare-earth free powertrains in
in ElectriCity in France
Produced in Morocco with electric motor “One box”
traceability of supply chain
5,000t/y from 2025 for Capacity of 300,000 Start of production from All components* in one
7 years representing an battery casings/year by 2025,
for electric vehicles
2027 housing with start of
annual battery production production from
capacity of up to 15 GWh
2026
Production scrap
Closed loop recycl. (steel) Remanu-
Used Car life End-of-Life Battery Battery
materials facture/
Production scrap extension valorization 2nd life recycling
sourcing recycl. (batteries) repair
(Out of recycling
market scope)
23
GREEN AS A BUSINESS CARING CARS CARING COMPANY
Regulatory incorporation of
recycled materials 2030:
▪ Cobalt 12%
▪ Nickel 4%
▪ Lithium 4%
24
GREEN AS A BUSINESS CARING CARS CARING COMPANY
25
A new ambition for sustainability
Scenic Vision concept-car
26
GREEN AS A BUSINESS CARING CARS CARING COMPANY
27
GREEN AS A BUSINESS CARING CARS CARING COMPANY
3 KNOWLEDGE AREAS
5+ CAMPUSES
N
Circular economy business : €1bn revenue by 2030 €587m
29