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

RELATED PARTIES NOTE 27 Remuneration of directors and executives and 27 – A – Executive Committee members At its meeting of January 24, 2019, the Groupe Renault’s Board of Directors decided to separate the functions of Chairman of the Board and Chief Executive Officer.

The table below reports the remuneration paid to the Chairman and CEO (2018), the Chairman of the Board of Directors (2019), the Chief Executive Officer (2019), directors and executives and Group Executive Committee members. Amounts are allocated prorata to expenses of the periods in which the functions were occupied. Since April 1, 2019 the Groupe Renault’s Executive Committee has had 12 members.

2019

2018

(€ million)

Basic salary

6.0 4.6 2.7

5.5 7.4

04

Variable remuneration

Employer’s social security charges

11.1

Complementary pension and retirement indemnities

(23.2)

9.5

Agreed indemnities

7.8 0.2

-

Other components of remuneration TOTAL REMUNERATION IN CASH

0.5

(1.8) 11.3 11.3

34.0 16.1 16.1 50.1

Stock-options, performance shares and other share-based payments

TOTAL REMUNERATION IN SHARES

TOTAL

9.5

Directors’ fees amounted to €1.5 million in 2019 (€1.5 million in 2018) There are no longer any commitments under the collective top-up pension plan arranged for members of the Group Executive Committee at December 31, 2019 (€52 million at December 31, 2018) due to settlement of this plan in 2019 (see note 19-A). Reversals from provisions concerning directors and executives and members of the Executive Committee that had an impact on net income are included in the line ’Complementary pension and retirement indemnities’ in the above table. In 2018, this table did not reflect the resignation of Renault’s Chairman and CEO announced by the Board of Directors on January 24, 2019, and the potential consequences for the elements of his remuneration included in the 2018 figures above. As Renault’s Chairman and CEO at December 31, 2018 was unable to exercise his management duties during the first half-year of 2019 and resigned (i) from his position as Chief Executive Officer and Chairman of the Board of Directors of Renault on January 23, 2019, (ii) from his positions in Groupe Renault companies other than his position as director on January 23, 2019, and (iii) from his position as Director of Renault SA after the General Shareholders’ Meeting of June 12, 2019, he is not considered to be one of the Group’s key executives for the year 2019, as defined in IAS 24 “Related party disclosures”, as he has had no management authority in Renault since the end of 2018. The figures for 2019 presented above thus contain no compensation concerning the former Chairman and CEO.

Renault’s investments in associates 27 – B – Details of Renault’s investments in Nissan and in other companies accounted for by the equity method are provided in notes 12 and 13-A Transactions with the French State and public 27 – C – companies In the course of its business the Group undertakes transactions with the French State and public companies such as UGAP, EDF, and La Poste. These transactions, which take place under normal market conditions, represent sales of €257 million in 2019, an automotive receivable of €53 million, a sales financing receivable of €403 million and a financing commitment of €26 million at December 31, 2019. Transactions with unconsolidated controlled 27 – D – entities A certain number of controlled entities are not consolidated, as explained in note 2-C, because their contribution to the consolidated financial statements is considered non-significant (note 17). The only company with sales of more than €100 million and/or a balance sheet value of more than €100 million are Renault Nissan Global Management, which manages Renault’s expatriates. In 2019, the Groupe Renault’s expenses with this company amounted to approximately €255 million (€284 million in 2018). In the Group’s financial position at December 31, 2019, the balances of transactions between Renault Nissan Global Management and the Groupe Renault consist mainly of operating receivables amounting to €120 million (€41 million at December 31, 2018) and operating payables amounting to €59 million (€25 million at December 31, 2018).

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GROUPE RENAULT I UNIVERSAL REGISTRATION DOCUMENT 2019