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

RENAULT SA ANNUAL FINANCIAL STATEMENTS

Redeemable shares 4.4.2.13 These shares, issued in October 1983 and April 1984 by Renault SA, can be redeemed with a premium on the sole initiative of Renault SA. They earn a minimum annual return of 9% comprising a fixed portion (6.75%) and a variable portion, equal to at least 2.25%, that depends on consolidated revenues and is calculated based on identical structure and methods.

797,659 at December 31, 2019, for a total of €130 million including accrued interest. These shares are listed on the Paris Stock Exchange. The market price for redeemable shares with par value of €153 was €557 at December 31, 2019 (€601.02 at December 31, 2018). The 2019 return on redeemable shares, amounting to €20 million (€21 million in 2018) is included in interest and equivalent expenses. redeemable shares remained on the market

Provisions for risks and liabilities 4.4.2.14. Provisions for risks and liabilities break down as follows:

Reversals for application

Reversals without application

04

At start of year

Increases

At year-end

(€ million)

Foreign exchange losses Provisions for expenses* Other provisions for risks

1

1

(1)

1

380

76

(96)

(42)

318

1

(1)

TOTAL

382 108 274

77

(97)

(43)

319 103 216

Of which current (less than 1 year) * Of which long-term (over 1 year)

Financial loans and borrowings 4.4.2.15 Bonds A. Bonds amounted to €6,310 million at December 31, 2019 (€5,240 million at December 31, 2018). The principal changes in bonds over 2019 were as follows: issuance on June 24, 2019 of a 6-year bond (EMTN 54) with total P nominal value of €1 billion, and a coupon of 1.250%; redemption on September 20, 2019 of a 3-year bond (Samurai 18) P issued on September 23, 2016 with nominal value of ¥50 billion and a coupon of 0.23%; issuance on October 4, 2019 of an 8-year bond (EMTN 55) with P total nominal value of €500 million, and a coupon of 1.125%.

A provision of €318 million was booked at December 31, 2019 (€380 million at December 31, 2018) after it was decided to allocate free shares. Under a reinvoicing agreement introduced between Renault SA and Renault s.a.s., a €247 million share of this provision is considered as an unbilled receivable on the subsidiary Renault s.a.s (€299 million in 2018). Each known litigation in which Renault SA is involved is examined at year-end. After seeking the opinion of legal and tax advisors, the provisions deemed necessary are, where appropriate, established to cover the estimated risk.

BREAKDOWN BY MATURITY

December 31, 2019

Total

<1 year 1 to 2 years 2 to 3 years 3 to 4 years 4 to 5 years

> 5 years

(€ million)

Nominal value Accrued interest

6,274

577

821

218

900

758

3,000

36

36

TOTAL

6,310

613

821

218

900

758

3,000

December 31, 2018

Total

<1 year 1 to 2 years 2 to 3 years 3 to 4 years 4 to 5 years

> 5 years

(€ million)

Nominal value Accrued interest

5,209

532

559

811

211

896

2,200

31

31

TOTAL

5,240

563

559

811

211

896

2,200

BREAKDOWN BY CURRENCY

December 31, 2019

December 31, 2018

Before hedging

After hedging

Before hedging

After hedging

(€ million)

Euro

4,986 1,324 6,310

5,621

3,479 1,761 5,240

3,79

Yen

689

1,761 5,240

TOTAL

6,310

433

GROUPE RENAULT I UNIVERSAL REGISTRATION DOCUMENT 2019