Groupe Renault - 2019 Universal Registration Document

RENAULT: A RESPONSIBLE COMPANY

ANNUAL GENERAL MEETING OF RENAULT ON APRIL 24, 2020

FINANCIAL STATEMENTS

GROUPE RENAULT

CORPORATE GOVERNANCE

RENAULT AND ITS SHAREHOLDERS

ADDITIONAL INFORMATION

CONSOLIDATED FINANCIAL STATEMENTS

OPERATIONAL FREE CASH FLOW

2019

Automotive (excluding AVTOVAZ) AVTOVAZ

Intra-Automotive transactions

TOTAL AUTOMOTIVE

(€ million)

Cash flows (excluding dividends from listed companies) before interest and tax

4,739 1,829

240

(1)

4,978 1,844

Changes in working capital before tax

15

- -

Interest received by the Automotive segments Interest paid by the Automotive segments

73

5

78

(301) (367)

(87) (11)

1

(387) (378)

Current taxes (paid)/received

-

Acquisitions of property, plant and equipment, and intangible assets net of disposals

(4,846) (1,002)

(135)

1

(4,980) (1,002)

Capitalized leased vehicles and batteries

-

-

Operational free cash flow of the Automotive segments* 153 The definition of Operational free cash flow used in 2019 is the same as in 2018. In 2018, Operational free cash flow was presented after deduction of rental expenses in * cash flows from operating activities, while from 2019, as a result of application of IFRS 16, only cash flows relating to interest paid are presented in cash flows from operating activities. The residual balance, consisting of lease payments, is presented in cash flows from financing activities (net change in financial liabilities of the Automotive segments) and is thus excluded from the Operational free cash flow. Without application of IFRS 16, the Operational free cash flow for 2019 would amount to €57 million. 125 27 1

04

2018

Automotive (excluding AVTOVAZ) AVTOVAZ

Intra-Automotive transactions

TOTAL AUTOMOTIVE

(€ million)

Cash flows (excluding dividends from listed companies) before interest and tax

4,966

287

(1)

5,252

Changes in working capital before tax

781

16

6

803

Interest received by the Automotive segments Interest paid by the Automotive segments

71

5

(2)

74

(263) (388)

(95) (14) (84)

2

(356) (402)

Current taxes (paid)/received

-

Acquisitions of property, plant and equipment, and intangible assets net of disposals

(4,166)

(5)

(4,255)

Capitalized leased vehicles and batteries

(509)

-

- -

(509)

Operational free cash flow of the Automotive segments

492

115

607

Information by Region B – The Regions presented correspond to the Geographic divisions used for Group management. The Regions are defined in section 1.3.1.3 of the Universal registration document. Consolidated revenues are presented by location of customers. The Group adjusted its international organization in 2019. The former Asia-Pacific and Africa-Middle East-India Regions were reorganized to form two new Regions: the China region specifically covers the Group’s activities in China; P

the Africa – Middle East – India – Asia-Pacific region covers Africa P and Middle East countries, India, the countries of the ASEAN (Association of South-East Asian Nations), Korea, Japan and Australia. Figures for 2018 correspond to the new segments adopted in 2019. Property, plant and equipment and intangibles are presented by location of subsidiaries and joint operations.

Africa – Middle East – India– Asia-Pacific

Europe  (1)

Americas

China

Eurasia CONSOLIDATED TOTAL

(€ million)

2019 Revenues

36,516

4,435

127

7,038

7,421 3,317 4,119 1,740 7,562 3,292 3,416 1,422

55,537

Including AVTOVAZ

42

3

-

14

3,376

Property, plant and equipment and intangibles

17,392

852

179

1,307

23,849

Including AVTOVAZ

-

-

-

-

1,740

2018 Revenues

36,704

4,684

275

8,194

57,419

Including AVTOVAZ

39

2

- - -

18

3,351

Property, plant and equipment and intangibles

14,800

821

1,180

20,217

Including AVTOVAZ

-

-

-

1,422

Including the following for France: (1) (€ million)

2019

2018

Revenues

13,581 13,773

13,533 11,735

Property, plant and equipment and intangibles

351

GROUPE RENAULT I UNIVERSAL REGISTRATION DOCUMENT 2019