Groupe Renault - 2020 Universal Registration Document

GROUPE RENAULT: A COMPANY THAT ACTS RESPONSIBLY

ANNUAL GENERAL MEETING OF RENAULT ON APRIL 23, 2021

FINANCIAL STATEMENTS

GROUPE RENAULT

CORPORATE GOVERNANCE

RENAULT AND ITS SHAREHOLDERS

ADDITIONAL INFORMATION

CONSOLIDATED FINANCIAL STATEMENTS

For the Automotive segments , the impact on net income of a 100 base point rise in interest rates applied to financial instruments exposed to interest rate risks would be a favorable €91.3 million. Shareholders’ equity would be unaffected. For the Sales Financing segment , the overall sensitivity to interest rate risks in 2020 remained below the limit set by the RCI Banque group (€50 million at December 31, 2020). At December 31, 2020, a 100 base point rise in interest rates would have the following impacts on net income and shareholders’ equity (before taxes): +€4.3 million for items denominated in euros; P

+€0.6 million for items denominated in Korean won; P +€0.5 million for items denominated in Swiss francs; P +€0.2 million for items denominated in Czech korunas; P -€0.6 million for items denominated in Brazilian real; P -€0.3 million for items denominated in pounds sterling; P -€0.1 million for items denominated in Polish zloty. P The sum of the absolute sensitivities in each currency amounts to €9.4 million.

FIXED RATE/FLOATING RATE BREAKDOWN OF THE GROUP’S FINANCIAL ASSETS, AFTER THE EFFECT OF DERIVATIVES

04

December 31, 2020

December 31, 2019

Automotive excluding

Automotive excluding

Mobility Services

Sales Financing

Sales Financing

Total

AVTOVAZ AVTOVAZ

Total

AVTOVAZ AVTOVAZ

(€ million)

Financial assets before hedging: fixed rate (a) Financial assets before hedging: floating rate (a’)

1,468

525

-

-

943

2,015

67

-

1,948 2,762 4,710

21,273 22,741

11,962 12,487

558 558

15 15

8,738 9,681

15,112 17,127

12,278 12,345

72 72

Financial assets before hedging Hedges: floating rate/fixed (b) Hedges: fixed rate/floating (b’)

- - -

- - -

- - - -

- - - -

- - -

- - -

- - -

- - - -

- - -

Hedges

Financial assets after hedging: fixed rate (a+b-b’) Financial assets after hedging: floating rate (a’+b’-b)

1,468

525

943

2,015

67

1,948 2,762 4,710

21,273 22,741

11,962 12,487

558 558

15 15

8,738 9,681

15,112 17,127

12,278 12,345

72 72

Financial assets after hedging

FIXED RATE/FLOATING RATE BREAKDOWN OF THE GROUP’S FINANCIAL LIABILITIES, AFTER THE EFFECT OF DERIVATIVES

December 31, 2020

December 31, 2019

Automotive excluding

Automotive excluding

Mobility Services

Sales Financing

Sales Financing

Total

AVTOVAZ AVTOVAZ

Total

AVTOVAZ AVTOVAZ

(€ million)

Financial liabilities before hedging: fixed rate (a) Financial liabilities before hedging: floating rate (a’)

34,580 28,659 63,239 10,302 18,885 36,299 26,940 63,239 8,583

12,204

251 915

18 11 29

22,107 25,356 47,463 10,302 18,721 23,990 23,473 47,463 8,419

34,979 22,552 57,531

7,604 1,643 9,247

328 583 911

27,047 20,326 47,373

2,377

Financial liabilities before hedging Hedges: floating rate/fixed (b) Hedges: fixed rate/floating (b’)

14,581

1,166

-

- - -

- - -

8,631 8,758

95

- - -

8,536 8,332

164 164

426 521

Hedges

17,389 34,852 22,679 57,531

16,868 27,251 20,122 47,373

Financial liabilities after hedging: fixed rate (a+b-b’) Financial liabilities after hedging: floating rate (a’+b’-b)

12,040

251 915

18 11 29

7,273 1,974 9,247

328 583 911

2,541

Financial liabilities after hedging

14,581

1,166

Equity risk B4 The Group’s exposure to equity risk essentially concerns the Daimler shares acquired in connection with cooperation agreements, and marketable securities indexed to share prices. The Group does not use equity derivatives to hedge these risks. The Group made no major changes to its equity risk management policy in 2020. The sensitivity to equity risks resulting from application of a 10% decrease in share prices to the financial assets concerned at the year-end would have an unfavorable impact of €95 million on shareholders’ equity. The impact on net income is not significant at December 31, 2020.

Commodity risk B5 MANAGEMENT OF COMMODITY RISK

Commodity purchase prices can change suddenly and significantly and cannot necessarily be passed on through vehicle sale prices. This may lead Renault’s Purchases department to hedge part of its commodity risks using financial instruments. These hedges are subject to volume, duration and price limits. In 2020, Renault undertook hedging operations on base metals and precious metals, within the limits validated by the CEO of Renault SA for a temporary period.

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GROUPE RENAULT I UNIVERSAL REGISTRATION DOCUMENT 2020