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

In the ongoing “emissions” affair in France, Renault is aware that a formal legal investigation was opened on January 12, 2017 at the request of the Paris public prosecution office. This stage in the procedure was seen as an indication that the French prosecution office wished to pursue this matter. No provision was recognized at December 31, 2019 or December 31, 2018. Beginning in March 2016, Renault decided to roll-out a plan to reduce nitrogen oxide (NO x ) emissions by its Euro 6b vehicles by applying new factory calibrations for vehicle production, and a corresponding €20 million provision was recognized for vehicles manufactured before this decision. A step-up in this plan was decided in October 2017, leading to recognition of an additional €24 million provision. At December 31, 2019 the balance of the provision is €8 million (compared to €23 million at December 31, 2018).

Group companies are also subject to the applicable regulations regarding pollution, notably of soil and groundwater. These regulations vary depending on the country of location. Some of the associated environmental liabilities are potential and will only be recognized in the accounts if the activity is discontinued or the site closed. It is also sometimes difficult to determine the amount of the obligation reliably. Provisions are only established for liabilities that correspond to a legal or constructive obligation at the closing date, and can be estimated with reasonable reliability.

04

Off-balance sheet commitments received and contingent assets 28 – B –

December 31, 2019

December 31, 2018

(€ million)

Sureties, endorsements and guarantees received

2,671 3,790 4,832

2,629 3,739 3,961

Assets pledged or mortgaged  (1)

Buyback commitments  (2)

Other commitments 26 The Sales Financing segment receives guarantees from its customers in the course of sales financing for new or used vehicles. Guarantees received from customers amount (1) to €3,727 million at December 31, 2019 (€3,374 million at December 31, 2018). In addition, AVTOVAZ received €13 million in real estate property rights and ownership rights as guarantees of loans, and €49 million in rights to vehicles as guarantees of customer receivables (€12 million and €78 million respectively at December 31, 2018). Commitments received by the Sales Financing segment for sale to a third party of rental vehicles at the end of the rental contract. (2) Off-balance sheet commitments received concerning confirmed opened credit lines are presented in note 23. 43

FEES PAID TO STATUTORY AUDITORS AND THEIR NETWORK NOTE 29 The fees paid to the Group’s statutory auditors and their networks are reported in section 6.3.3 of the 2019 Universal registration document.

SUBSEQUENT EVENTS NOTE 30

After the selection process conducted by the Governance and Compensation Committee, on January 28, 2020 at a meeting chaired by Jean-Dominique Senard, the Board of Directors decided to appoint Luca de Meo as Chief Executive Officer of Renault SA and Chairman of Renault s.a.s, with effect from July 1, 2020.

Clotilde Delbos, Interim Chief Executive Officer of Renault SA, will continue to exercise her functions until Luca de Meo takes up the post. The Board of Directors also gave a favourable opinion for her appointment as Deputy Chief Executive Officer of Renault SA from July 1, 2020.

411

GROUPE RENAULT I UNIVERSAL REGISTRATION DOCUMENT 2019