Groupe Renault - 2019 Universal Registration Document

RENAULT: A RESPONSIBLE COMPANY

ANNUAL GENERAL MEETING OF RENAULT ON APRIL 24, 2020

GROUPE RENAULT

CORPORATE GOVERNANCE

FINANCIAL STATEMENTS

RENAULT AND ITS SHAREHOLDERS

ADDITIONAL INFORMATION

EARNINGS REPORT – 2019

Automotive net cash position at December 31, 2019 1.3.2.1.4 CHANGE IN AUTOMOTIVE NET CASH POSITION (€ million) Automotive Net cash position at December 31, 2018

01

+3,702

2019 operational free cash flow

+153 +625

Dividends received

Dividends paid to Renault’s shareholders and minority shareholders

-1,120

Financial investments and others

-887 -739

Impact of the application IFRS 16 “Leases”

AUTOMOTIVE NET CASH POSITION AT DECEMBER 31, 2019

+1,734

Beyond the Automotive segment reported positive operational free cash flow of +€153 million, the €1,968 million decrease in the net cash position of the Automotive segment compared with December 31, 2018 is mainly due to: the usual mismatch between dividends received from Nissan (paid P in two times, one in the first half and the other in the second half) and dividends paid by Renault in June;

the application of IFSR 16 for -€739 million; P financial investment and others for -€887 million notably related P to impacts of changes in the scope of consolidation and investments in mobility and autonomous driving.

AUTOMOTIVE NET CASH POSITION

12/31/2019

12/31/2018

(€ million)

Non-current financial liabilities Current financial liabilities

-7,927 -3,875

-6,196 -3,343

Non-current financial assets - other securities, loans and derivatives on financial operations

+64

+55

Current financial assets Cash and cash equivalents

+1,174 +12,298 +1,734

+1,409 +11,777 +3,702

AUTOMOTIVE NET CASH POSITION

In 2019, Renault issued two Eurobonds of €1 billion and €500 million (maturity six and eight years respectively) via its EMTN program. The Automotive segment’s liquidity reserves (including AVTOVAZ) stood at €15.8 billion as of December 31, 2019. This reserve consisted of: €12.3 billion in cash and cash equivalents; P €3.5 billion in undrawn committed credit lines. P

At December 31, 2019, RCI Banque had available liquidity of €9.6 billion, consisting of:

€4.5 billion of undrawn confirmed credit lines; P €2.4 billion of central-bank eligible collateral; P €2.2 billion of high-quality liquid assets (HQLA); P €0.5 billion of financial assets. P

77 GROUPE RENAULT I UNIVERSAL REGISTRATION DOCUMENT 2019