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

The vesting period for shares awarded to French tax residents is three years followed by a holding period of one year (two years for plan 22). For non-French tax residents, the vesting period is four years and there is no minimum holding period. As from plan 26, the vesting period is 3 years with no holding period for French or foreign tax residents.

Performance share plan and other share-based payment G3 agreements For plans 22 to 25, vesting and minimum holding periods are different depending on whether beneficiaries are French tax residents or tax residents of other countries, in order to take account of local tax constraints.

Share rights awarded at December 31, 2019

Plan

Type of plan

Grant date

Vesting date

Holding period

Plan 22

Performance shares

February 11, 2015

-*

February 11, 2019

None

-* 314,610

April 29, 2019 April 29, 2020 July 27, 2020

April 29, 2019 – April 29, 2020 None

Plan 23

Performance shares Performance shares

April 29, 2016 July 27, 2016

04

Plan 23 bis

-*

None

983,010 292,650

February 9, 2020 February 9, 2021 February 15, 2021 February 15, 2022

February 9, 2020 – February 9, 2021 None February 15, 2021 – February 15, 2022 None

Plan 24

Performance shares

February 9, 2017

1,062,759 278,150 1,412,150 4,343,329

Plan 25 Plan 26 TOTAL

Performance shares Performance shares

February 15, 2018

June 12, 2019

June 12, 2022

None

The share rights concerned by this plan expired or vested in 2019. *

Share of non-controlling interests 18 – H –

Net income – non-controlling interests’ share (€ million)

Shareholders’ equity – non-controlling interests’ share (€ million)

Dividends paid to non-controlling interests (minority shareholders) (€ million)

Percentage of ownership and voting rights held by non-controlling interests

Country of location

December 31, 2019

December 31, 2019

December 31, 2018

December 31, 2018

2019

2019

Entity

2018

2018

Automotive (excl. AVTOVAZ) Renault Samsung Motors Oyak Renault Otomobil Fabrikalari

Korea Turkey

20% 48% 50%

20% 48%

24 83 (6)

36 55

202 295 123

205 270

(24) (56)

(33) (41)

JMEV Other

China

 -

 - 6

 -

-

-

3

12

27

(4)

(7)

TOTAL - AUTOMOTIVE (EXCLUDING AVTOVAZ)

104

97

632

502

(84)

(81)

Sales Financing Banco RCI Brasil*

Brazil

40% 40%

40% 40%

24

19 (2)

- -

- -

(9)

(8)

Rombo Compania Financiera*

Argentina

-

-

-

Other

7

7

52 52

45 45

(2)

(5)

TOTAL – SALES FINANCING AVTOVAZ Alliance Rostec Auto b.v.

31

24

(11)

(13)

Netherlands

32% 32% 32%

32% 32% 32%

-

-

756

663

-

- - - - -

AVTOVAZ

Russia Russia

11

16

(668)

(603)

7

LLC Lada Izhevsk

6 8

7 5

(21)

(19)

(5) (3) (1)

Other

16 83

11 52

TOTAL AVTOVAZ

25

28

TOTAL (94) The Group has granted to minority shareholders in these companies put options to sell their investments. A liability corresponding to these put options is included in other * liabilities, amounting to €144 million for the Brazilian subsidiary and €7 million for the Argentinian subsidiary at December 31, 2019 (€127 million and €13 million respectively at December 31, 2018). A corresponding charge is made to shareholders’ equity, allocated in priority to the non-controlling interests’ share with any residual amount allocated to the parent company shareholders’ share. The liability is stated at fair value. Fair value is determined by estimating the potential purchase price, taking into account future results of the financing portfolio as it exists at the closing date and the provisions of the partnership contracts. This is a level 3 fair value, as it uses recognized models but their significant data are not based on observable market data. 160 149 767 599 (96)

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GROUPE RENAULT I UNIVERSAL REGISTRATION DOCUMENT 2019