Groupe Renault - 2020 Universal Registration Document

04

RENAULT SA ANNUAL FINANCIAL STATEMENTS FINANCIAL STATEMENTS

Renault SA’s ownership structure was as follows at December 31, 2020:

Ownership structure

Voting rights

Number of shares held % of du capital

Number

%

French State Employees

44,387,915 14,380,361 4,538,199 44,358,343 9,167,391 178,890,075 295,722,284

15.01% 88,775,830 4.86% 24,377,299

28.61% 7.86%

Treasury shares

1.53% 15.00%

Nissan

Daimler AG

3.10% 15,741,908 60.49% 181,368,881 100% 310,263,918

5.07% 58.46%

Other TOTAL

100%

The par value of the Renault SA share is €3.81.

Redeemable shares 4.4.2.13 These shares, issued in October 1983 and April 1984 by Renault SA, which 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 scope of consolidation and methods.

At December 31, 2020, 797,659 redeemable shares remained in circulation, for a total of €130 million including accrued interest. These shares are listed on the Paris Stock Exchange. The market price for one redeemable shares with a par value of €153 was €373.65 at December 31, 2020 (€557 at December 31, 2019). The 2020 return on redeemable shares, amounting to €20 million (€20 million in 2019) is included in interest and equivalent expenses.

Provisions for liabilities and charges 4.4.2.14 Provisions for liabilities and charges break down as follows:

At start of year

Increases Reversals used Reversals unused

At year-end

(€ million)

Foreign exchange losses Provisions for charges* Other provisions for risks

1

(1)

0

318

44

(101)

(6)

255

0

3

3

TOTAL

319 103 216

47

(102)

(6)

258 117 141

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

Loans and financial debts 4.4.2.15 Bonds A. Bonds amounted to €6,718 million at December 31, 2020 (€6,310 million at December 31, 2019). The principal changes in bonds over 2020 were as follows: redemption on April 13, 2020 of a 3-year bond (EMTN 50) issued P on April 11, 2017 with a nominal value of ¥7 billion and a coupon of 0.5138%; redemption on July 6, 2020 of a 3-year bond (Samurai 19) issued P on June 29, 2017 with nominal value of ¥63.4 billion and a coupon of 0.36%; issuance on November 25, 2020 of a 5.5-year bond (EMTN 57) with P total nominal value of €1 billion, and a coupon of 2.375%.

A liability provision of €255 million was booked at December 31, 2020 (€318 million at December 31, 2019) after it was decided to allocate free existing shares. Under a reinvoicing agreement introduced between Renault SA and Renault s.a.s, a €198 million share of this provision is considered as an unbilled receivable on the subsidiary Renault s.a.s (€247 million in 2019). 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.

432 GROUPE RENAULT I UNIVERSAL REGISTRATION DOCUMENT 2020

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