Groupe Renault - 2020 Universal Registration Document

STRATEGIC PLAN FROM VOLUME TO VALUE CREATION

A plan structured in three phases that are launched in parallel, which will restore competitiveness by: P improving the efficiency of functional divisions thanks to strict cost control; P taking advantage of Groupe Renault’s industrial strengths and position as leader in electrics throughout Europe; P drawing on the Alliance’s technological expertise to boost efficiency; P exploring even further into the world of data, mobility and energy services; P driving profitability through four differentiated, empowered, brand business units, that are customer and market-driven..

REVOLUTION AS OF 2025

RENOVATION THROUGH 2025 Phase two: renew and enrich our line-ups, feeding brand profitability.

RESURRECTION THROUGH 2023 Phase one: become competitive once again by reducing costs and generating profit.

Phase three: redirect our business model towards technology, energy, and mobility, to define our position as precursor in the new-mobility value chain.

New financial objectives

Commitments and ambitions based on current known emission standards

(1) ROCE= Auto Operating Profit (incl. AVTOVAZ) * (1- average tax rate) / (PP&E + intangible assets + financial assets - investments in RCI/Nissan/ Daimler + WCR). (2) Automotive operational free cash flow: cash flows after interest and tax (excluding dividends received from publicly listed companies) minus tangible and intangible investments net of disposals +/- change in the working capital requirement.

10 GROUPE RENAULT I UNIVERSAL REGISTRATION DOCUMENT 2020

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