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March 2008 RENAULT INV ESTOR RELATIONS
RENAULT 2008 STATUS
Thierry MoulonguetCFO & Executive Vice President
March 2008 RENAULT INV ESTOR RELATIONS 2
PROGRESS SINCE 200501OUTLOOK FOR 2008 AND BEYOND02
AGENDA
March 2008 RENAULT INV ESTOR RELATIONS 3
01 PROGRESS SINCE 2005
March 2008 RENAULT INV ESTOR RELATIONS 4
0%
1%
2%
6%
2005 2006 2007
RENAULT COMMITTED
3,2%
2,5%
3%
4%
5%
2008 2009
3%
! Purchasing performance
! Manufacturing
! Logistics
! G&A
! Distribution costs
! Investment costs
2009 ObjectivesCOST REDUCTION
- 14%*
- 12%
- 9%
< 4% revenues
- 8% per unit in Europe
- 50%
3,3%
ActualMilestonesCommitment
4,5%
6%
2,56%
* 2008 Objective
March 2008 RENAULT INV ESTOR RELATIONS 5
1,323 1,354
COP2005
COP2007
- 184
- 700
+ 199
+ 148+ 102 + 31G&A
Warranty
Manuf. & Log.
Purchasing
Others
+ 1,398
+ 134
R&D
COST REDUCTION & SALES CLEANING IN 2006 & 2007
- 1098
3.3%
Currency
3.2%
Context Growth Costs
- 2.2% (884) - 2.7% (1,098) + 4.9% (1,981)
Volume / Mix / PriceEnrichment, Rebates
Raw Materials
(all figures in million euros)
March 2008 RENAULT INV ESTOR RELATIONS 6
! Purchasing performance
! Manufacturing
! Logistics
! G&A
! Distribution costs
! Investment costs
2009 Objectives2009 Objectives
- 9.1% - 14%*
- 5.4% - 12%
- 7.3% - 9%
- 5% < 4% revenues(ie 4.8% rev.)
+ 3.1% - 8% per unit in Europe
- 35% - 50%
2007 2007 vsvs 20052005
* 2008 Objective
COST REDUCTION
March 2008 RENAULT INV ESTOR RELATIONS 7
TOTAL WARRANTY EXPENSES
H12001
6-month rolling average
H22001
H12002
H22002
H12003
H22003
H12004
H22004
H12005
H22005
H12006
H22006
H12007
H22007
Selective Commercial Policy
March 2008 RENAULT INV ESTOR RELATIONS 8
SALES CLEANING COMPLETED
2004 2005
6%
8%
10%
12%
14%
J F MA M J J A S O N D J F M A MJ J A S O N D J F MA MJ J A S O N D J F M A MJ J A S O N D J
2005 2006 2006 2007 2007 2008
Retail
CorporateFleet
Self registration
G5 TotalG5 Total
(Sliding average 12 months Car+ LCV)
Renault Group market share by Sales ChannelG5 countries (FRA, GER, ITA, SPA, U-K)
Short-term rental
March 2008 RENAULT INV ESTOR RELATIONS 9
SALES INCENTIVE EVOLUTION
Jan05
4-month rolling average in Europe since Jan. 2005
Apr05
Jul05
Oct05
Jan06
Apr06
Jul06
Oct06
Jan07
Apr07
Jul07
Oct07
Jan08
New Twingo
New Laguna
March 2008 RENAULT INV ESTOR RELATIONS 10
March 2008 RENAULT INV ESTOR RELATIONS 11
LAGUNA’S WORLDWIDE SALES SINCE 2005
0
2,000
4,000
6,000
8,000
10,000
12,000
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J
2005 2006 2006 2007 2007 2008
14,000
16,000Laguna II New Laguna
March 2008 RENAULT INV ESTOR RELATIONS 12
LAGUNA’S EUROPEAN NET SALES REVENUES PER UNIT
Laguna II
New Laguna> + 20%
JAN 2005 JAN 2006 JAN 2007 JAN 2008
March 2008 RENAULT INV ESTOR RELATIONS 13
LAGUNA TOP 3 QUALITY ON TRACK
LAUNCH +2w +4w +6w +8w +10w +12w +14w +16w +18w +20w +22w +24w +26w +28w
Warranty claims up to 28 weeks after sales launch
Modus
Clio
Twingo
Laguna
Laguna Estate
March 2008 RENAULT INV ESTOR RELATIONS 14
March 2008 RENAULT INV ESTOR RELATIONS 15
March 2008 RENAULT INV ESTOR RELATIONS 16
March 2008 RENAULT INV ESTOR RELATIONS 17
RENAULT ‘A’ SEGMENT SALES IN EUROPE SINCE 2005
0
5,000
10,000
15,000
20,000
25,000
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J
2005 2006 2006 2007 2007 2008
NOVO MESTO PLANT CAPACITY
Twingo I
Clio II HB
Twingo II
March 2008 RENAULT INV ESTOR RELATIONS 18
CAPACITY CHANGE
2005 2007
WESTERN EUROPE
- 326k
Outsideof WE*
+ 200k
* Iran figures not incl.
PRODUCTION OUTSIDE OF WE FOR SALES IN WE
2005 = 19%2007 = 33%
March 2008 RENAULT INV ESTOR RELATIONS 19
0
5
10
15
20
25
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
2004 2005 2006 2007 2008 2009
R&D EXPENSES TO CONTINUE THE PRODUCT OFFENSIVE
Number of models in development
1.0
1.5
2.0
2.5
3.0R&D (billion euros)
2,4622,400
2,2641,961
1,8501,963
1,676
2,034
Total R&DExpensed R&D
March 2008 RENAULT INV ESTOR RELATIONS 20
16,0
17,9 17,7 17,7
14,5
17,2
4,65,5
5,0 4,9 5,5 5,3
10,3 9,79,1
10,6 10,509,5
dec-02 dec-03 dec-04 IFRS
dec-05IFRS
dec-06IFRS
dec-07IFRS
Customer outstanding Floor plan outstanding New financing
373
457491
460
295
442
189
316
256 266311 305
15,7% 15,1%13,6%
17,5%15,5% 15,1%
2002 2003 2004IFRS
2005IFRS
2006IFRS
2007IFRS
Results before tax Results after tax ROE (without NRE)
RCI 2007 RESULTS AND ROE IN LINE WITH 2006 …
" Despite difficult automotive environment, RCI Banque maintains its customer outstanding.
" ROE in line with 2006 and RCI Banque target
€Bn €M
March 2008 RENAULT INV ESTOR RELATIONS 21
RCIRetail activity accounts for 50 % of the outstanding
" Maintenance contracts " Roadside assistance " Extended warranties " Replacement vehicles" Insurance (credit, damage…)" Fuel cards
" Inventories (new cars, second hand cars, spare parts)
" Standard loans : cash facilities , medium term loans, overdrafts
" Financial lease with a buy-back given by the dealer
" Operational lease with the residual value risk retained mainly by the Renault Group or dealers
" Fleet Management (services and management without financing)
" Retail financing
" Leasing
" Balloon financing packages
" Revolving cards
" Personal loans
" Debit/creditcard
DEALER FINANCING
CORPORATE FINANCING
RETAIL FINANCING
SERVICES
54%
24%
22%Corporate
Retail
Dealer
March 2008 RENAULT INV ESTOR RELATIONS 22
RCI Stability of the gross financial margin and results before tax,as %of average outstandings
" Despite interest rates rise, the gross financial margin has been maintained.
" Cost of risk is kept inside target (0.5%-0.7%)
" The repurchase of 50% in previous UK JV has a non recurring negative impact on operating costs in 2007
*NRE: non recurring elements **In M�
491
2,12%
-0,59%
-1,68%
4,41%
4.46%
1.13%
-1.18%
2006IFRS
460
2,01%
-0,64%
-1,78%
4.50%
4.38%
1.30%
-1.18%
2007 IFRS
457442373295Results before tax
(with NRE) In M�
-0,72%
-1,63%
-0,54%
-1,76%
-0,68%
-1,91%
-0,78%
-1,95%
Cost of risk (customer and dealers)
Operating expenses
4,52%
0,98%
-1,13%
4,41%
1,12%
-1,09%
4,48%
1,12%
-1,24%
4,22%
1,30%
-1,07%
Gross financial margin
Services and others products
Intermediation fees
2005IFRS
2004IFRS20032002In % of average
outstandings
1,61%
4.45%
2.00%2,04%1,87Results before tax
4,38%4,44%4.36%Net banking Income
March 2008 RENAULT INV ESTOR RELATIONS 23
(0,59%)
(0,40%)
5,41
(0,65%)
17,73
2006IFRS
2007IFRS
2005IFRS
2004IFRS20032002
(0,64%)(0,72%)(0,54%)(0,68%)(0,78%)Customer & Dealer cost of risk
17,3917,6016,4914,8013,70Customer average receivable(billion euros)
(0,63%)
4,59
(0,83%)
(0,51%)(0,18%)(0,47%)(0,39%)Dealer cost of risk
(0,69%)(0,86%)(0,57%)(0,78%)Customer cost of risk
5,475,305,235,10Dealer average receivable(billion euros)
RCICost of Customer and Dealer Risk
March 2008 RENAULT INV ESTOR RELATIONS 24
1680
7023
2002
4576
4225
743
2003
2003
2003
2003
2004
2004
2004
2004
2005
2005
2005
2005
2006
2006
2006
2006
2702
9091
3533
4701
3721
752
2002 2003 2004 2005 2006 2007
RCIA balanced funding profile split between different sources and maturities.
" Stand alone funding (without any Renault support)" 4 ABS programs have been launched since 2002 leading to an increase of long term liabilities.
M€
Equity Long term ( Bonds, MTN, SSD ) ABS Public (on B/S)Commercial Paper Banks Renault Group
51% 64%74%
70% 70% 66%
2002 2003 2004 2005 2006 2007
Long Long TermTerm
Short Short TermTerm
%
March 2008 RENAULT INV ESTOR RELATIONS 25
02 OUTLOOK FOR 2008 AND BEYOND
! Our strategy
! Growth in Europe
! Growth outside of Europe
March 2008 RENAULT INV ESTOR RELATIONS 26
FordFord
GM
-3 -2 -1 0 1 2 3
~4% 06-07
Average MOPRenault
2007 consolidated operating profit
THE ROAD TO RENAULT COMMITMENT 2009
-2%
0%
2%
4%
6%
8%
10%
12%
Global market share evolutionCar + LCV since 1999 (%)
Nissan Honda
ToyotaBMW
Daimler
Fiat
PSA
9900
01
0502
03
04
06
07DCX06
09VAG
March 2008 RENAULT INV ESTOR RELATIONS 27
20072006
Logan MCV
Logan Van
Twingo
Laguna
QM5 (Corée)
Sandero (Amér.)
Sedan, successorto Clio Symbol
H1 2008
Clio Grand Tour
Logan Pick-up
Laguna Coupé
Kangoo PC+LCV
Grand Modus
Kangoo Compact
Mégane
H2 2008
Expansionmodels
Replacementmodels
THE PRODUCT OFFENSIVE 2006-2008
March 2008 RENAULT INV ESTOR RELATIONS 28
YOUNGER MODEL RANGE IN EUROPE
Monthly average estimated model age
1.5
2.0
2.5
3.0
3.5
4.0
4.5
5.0
2001
Age (years)
2002 2003 2004 2005 2006 2007 2008 2009
March 2008 RENAULT INV ESTOR RELATIONS 29
CONDITIONS FOR GROWTH IN EUROPEREJUVENATED LINEUP
Model age(% vol.)
6%
< 2 years
Forecast
> 2 years
1995 1996 1997 2004 2005 2006 2007 2008 20091998 1999 2000 2001 2002 2003
0.2
0.4
0.6
0.8
1.0
1.2
1.4
1.6
14%9%
34%38%30% 21%35%
53%
30%33%30%25%
Renault group sales in Western Europe(million units)
26%43%
61%
March 2008 RENAULT INV ESTOR RELATIONS 30
2008-2009 FORECAST FOR SEGMENT SALES VARIATION
0 +100k 200k
D/E
C
A&B
B0
- 200k - 100k
LCV
0 +100k 200k
C
A&B
B0
- 200k - 100k
FRANCE + EUROPE INTERNATIONAL
D/E
LCV
March 2008 RENAULT INV ESTOR RELATIONS 31
02 OUTLOOK FOR 2008 AND BEYOND
! Our strategy
! Growth in Europe
! Growth outside of Europe
March 2008 RENAULT INV ESTOR RELATIONS 32
WHERE THE GROWTH IS…NON-MATURE MARKETS
0
10
20
30
40
50
60
70
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
Million vehicles
North AmericaWestern EuropeJapan
- 1% pa
Rest of the world+ 11% pa
Source: R&N Corporate Planning
+ 5% pa
+ 1% pa
March 2008 RENAULT INV ESTOR RELATIONS 33
India
W. E
urope
Brazil
S. Kore
aE. E
urope
Iran
Indon
esia
Pakist
anGCCTu
rkey
Ukraine
Mexico
Iraq
Maghre
bVen
ezue
laArge
ntina
Austra
lia
Taiw
an
Malays
ia
Roman
iaChil
e
0
0.2
0.4
0.6
0.8
1.0
1.2
1.4
1.6
1.8
2.0
Mill
ion
units
Colombia
South
Africa
Philipp
ines
Vietna
m
Egypt
Kazak
hstan
Russia
China+4.9M
Thail
and
WHERE THE GROWTH WILL BE…
2006-2015 TIV growthR&N Corporate Planning consensus
Mature markets
Semi-mature
New Fast Growing Markets (NFGM)
BRIC
March 2008 RENAULT INV ESTOR RELATIONS 34
! 6 Logan-platform derivatives by 2009more to come 2010 - 2012:
! Strong transaction price evolution(euro) Q1 20062006 2007 (H1)2007 (H1) 20072007France: ~10,100 ~10,150 ~10,600Romania: ~ 7,900 ~ 8,400 ~8,450Columbia: -- ~$12,150 ~12,100MCV ATP remains 2000 – 2500 euros higher than sedan
Logan SedanSOS: Sept. 2004
Logan MCVSOS: Oct. 2006
Logan VanSOS: Feb. 2007
SanderoSOS: 2008
Pick-upSOS: 2008
CrossoverSOP: 2009
More to come2010 - 2012
Logan…a unique economic equationFull speed in International expansion
March 2008 RENAULT INV ESTOR RELATIONS 35
Logan & SanderoRange extension
Strong sales increase under both brands
! Under the Dacia brand! Logan MCV and Logan Van! Success of Diesel
! Under the Renault brand ! International development
(Iran, India, Brazil)! Strong growth in Russia
! Sandero : 4th body built on same base
March 2008 RENAULT INV ESTOR RELATIONS 36
160160
250
0
100
200
300
00 01 02 03 04 05 06 07 08 09 10
RSM sales in KoreaProduction in KoreaVolumes (thousand units)
Year
119
Max. capacity
BUSAN PLANT OUTPUT
Export
300
Renault Samsung Motors
Full speed in International expansion
March 2008 RENAULT INV ESTOR RELATIONS 37
Renault Samsung Motors
0
20
40
60
80
100
120
2007
Thousand units
SM3SM3
SM5SM5
SM7SM7
QM5QM5
March 2008 RENAULT INV ESTOR RELATIONS 38
48 %48 %48 %
IranIran
85 %85 %85 %KoreaKorea
82 %82 %82 %BrazilBrazil
58 %58 %58 %
RomaniaRomania40 %40 40 %%
TurkeyTurkey
79 %79 %79 %IndiaIndia
2008 Forecast
<70 % >70 % <80 % >80 % (target)
MoroccoMorocco
RussiaRussia60 %60 %60 %
61 %61 %61 %
Logan
New SM5LoganLogan
Logan
Logan
LoganClio III
Localization visibility (vehicle + powertrain)
Logan
Continued swift cost reduction
March 2008 RENAULT INV ESTOR RELATIONS 39
LCC SOURCING: JOINT FORECAST FOR PARTSBY PURCHASING & ENGINEERING TEAMS
LCCfor HCC*
62%
26%
2007status
84%
33%
2009forecast
all projects
LCCfor LI* + LCC
36%
2009J95 forecast* LI: Local Integration
* HCC: High Cost Countries
March 2008 RENAULT INV ESTOR RELATIONS 40
Purchasing PerformanceRenault Commitment 2009
! Without Raw MaterialsVisibility mini.
2006 – 2007Expected
2006 – 2008
- 4%
- 9%
- 14%
2006
March 2008 RENAULT INV ESTOR RELATIONS 41
COST COMPETITIVENESS: TODAY & TOMORROW
Iran
China
Russia & Thailand
Morocco
South KoreaRomania
Turkey
India
Com
petit
iven
ess
Com
petit
iven
ess
Colombia
Brazil
Argentina
Renault assembly plant
South Africa
Nissan assembly plant
Russia (Av tovaz)
Russia (Av toframos)
Partner assembly plant
Sourcing for Renault group plants
South Korea
China
India (Chennai)
India (Mumbai)
Iran (PK & IK)
Romania
Turkey
Morocco
26%
2007status
33%
2009forecast
LCCfor HCC*
*LCC: low cost countriesHCC: high cost countries
+
-
March 2008 RENAULT INV ESTOR RELATIONS 42Above 1 million vehicle capacity710k vehicle output in 2007 + 170k CKD
#1 Car OEM in Russia
March 2008 RENAULT INV ESTOR RELATIONS 43
…A permanent benchmark! A common purchasing structure: RNPO
! Common platforms
! Development of Interchangeable components־ Opportunity -- �500 M / year (2010 and beyond)
! Cross-manufacturing
! Cooperation on leading technologies
! Contribution to net result and dividend flows
Leveraging the Renault-Nissan Alliance…
431
FY 2006
456
FY 2007
383DividendsDividends
FY 2005In million euros
March 2008 RENAULT INV ESTOR RELATIONS 44
Pooling resources: Common platformsC platformsB platform C platform
- Nissan March / Micra- Nissan Cube- Renault Modus/Grand Modus- Nissan Tiida / Tiida Latio- Nissan Note- Renault Clio III- Nissan Wingroad- Nissan Bluebird Sylphy- Nissan Versa- Nissan Livina Genis
- Renault Mégane II / Scénic II- Renault Koleos- Nissan XTRAIL- Nissan Lafesta - Nissan Serena- Nissan Sentra- Nissan Qashqai/Rogue
B platformB platform C platformC platform
Leveraging the Renault-Nissan Alliance…
March 2008 RENAULT INV ESTOR RELATIONS 45
Common engines
Nissan LafestaNissan Tiida/LatioNissan SerenaNissan WingloadNissan Bluebird SylphyRenault Clio
S2G (1.5-L)
M1G (1.8,2.0-L)
Nissan Tiida/LatioNissan NoteNissan WingloadNissan Bluebird SylphyRenault TBD
M1D (2.0-L)
K9K (1.5-L)
Renault Clio Nissan Almera Renault Modus Nissan MicraRenault Kangoo Nissan Note Renault Megane Nissan Qashqai Renault ScenicRenault Logan
Nissan QashqaiRenault LagunaRenault MeganeRenault Scenic
Gasoline EngineGasoline Engine Diesel EnginePooling resources: Common engines
Leveraging the Renault-Nissan Alliance…
March 2008 RENAULT INV ESTOR RELATIONS 46
Leveraging the Renault-Nissan Alliance…
Diesel technologies! Alliance V6 for Infiniti & Renault high Infiniti & Renault high
end end ! Nissan European line-up! Maxima in US in 2010
Environmental Technology! RNO � diesel, flex-fuel, electric! NIS � hybrid, battery, fuel cell
Maxima � U.S. 2010Maxima Maxima �� U.S. 2010U.S. 2010
Laguna -- 2008Laguna Laguna ---- 20082008
Europe -- 2010Europe Europe ---- 20102010
March 2008 RENAULT INV ESTOR RELATIONS 47
Evolution of % of the Evolution of % of the RenaultRenault--Nissan Nissan commoncommon supplierssuppliers among top 100 suppliersamong top 100 suppliers
Evolution of the purchasing scope managed by RNPO Evolution of the purchasing scope managed by RNPO as % of the total purchases of Renault and Nissanas % of the total purchases of Renault and Nissan
2001
2006
30%
75% €€58 billion purchased 58 billion purchased by RNPO in 2007by RNPO in 2007
200420021999
64%
2006
21%32%
48%
2007 83%
RNPO
Leveraging the Renault-Nissan Alliance…
Cross-company purchasing (FY 2007):Renault to Nissan: € 1.5 bnNisan to Renault: €1.4 bn
March 2008 RENAULT INV ESTOR RELATIONS 48
China
Indonesia
Iran*
Japan
Taiwan
MalaysiaColombia
Morocco Thailand
Russia
MexicoUnited States
South Africa
Spain
United Kingdom
Argentina
Brazil
Slovenia
Chile
TurkeyFrance
South KoreaRomania
Egypt
Philippines
India*
* Utilization of partners’ facilities
Cross-manufacturing*:RENAULT PLANTSCuritiba: Frontier, XterraCuritiba: Aprio (Logan)
Maubeuge: KubistarBatilly: InterstarKorea (RSM): Almera
Renault Samsung Motors
NISSAN
Dacia
Renault
RENAULT GROUP
NISSAN PLANTS Barcelona: Trafic, PrimastarMexico: Clio, Scénic, PlatinaSouth Africa: Sandero
Leveraging the Renault-Nissan Alliance…
March 2008 RENAULT INV ESTOR RELATIONS 49
ALLIANCE EXTENSION ON INTERNATIONAL OPERATIONS
PARTNER INDUSTRIALSUPPORT AVTOVAZ
INDUSTRIALCAPACITY
EXTENSION
TangerTangerMorrocoMorroco
ChennaiChennaiIndiaIndia
March 2008 RENAULT INV ESTOR RELATIONS 50
CO2 UPDATE03
March 2008 RENAULT INV ESTOR RELATIONS 51
! CO2 is key driver of environmental policies
! The EU is most severe on CO2 regulation and taxes
! The US had to accelerate on CO2
! Outside EU, dieselization is on the move
CO2 REDUCTION: A GLOBAL ACCELERATION
March 2008 RENAULT INV ESTOR RELATIONS 52
averagecustomer
value:*2004 : 24 €/g2012 : 52 €/g
1g CO2/km
CUSTOMER VALUE OF CO2 REDUCTION
Fuel consumption
CO2 National Taxations*Value is based on fuel savings over life of the vehicle, plus impact of CO2 taxes
March 2008 RENAULT INV ESTOR RELATIONS 530
200
400
600
800
1,000
1,200
2000 2001 2002 2003 2004 2005 2006 2007 2008
1,000,000
1/3 emitting less than 120 g/km CO2
1 million vehicles emitting less than 140 g/km CO2 in 2008
42 versions42 versions
16 versions16 versions
121-140101-120European Union
sales(thousand vehicles)
ENVIRONMENTA WIDE OFFER UNDER 140 g/km CO2
122 versions122 versions
35 versions35 versions
333,333
Emission level (g/km CO2)
March 2008 RENAULT INV ESTOR RELATIONS 54
eco²3 CRITERIA FOR ECOLOGICAL & ECONOMICAL VEHICLES
& &
Low fuel consumption, tax management, affordabilityto a wide majority of customers supported by the ecological efficiency.
Below 140 g/CO2or biofuel-compatible
Produced in anIso-14001-certified plant
PRODUCTION
95% reusable by weight &at least 5% of recycled plastics
END-OF-LIFECO2 EMISSIONS
Ecological & Economical
March 2008 RENAULT INV ESTOR RELATIONS 55
OIL REFINEMENT
OIL
100,000
YEARS
SOLAR ENERGY
GAS STATIONCO
2
BREAKTHROUGH TECHNOLOGYCHANGE FROM OIL CYCLE
March 2008 RENAULT INV ESTOR RELATIONS 56
OIL REFINEMENT
OIL
100,000
YEARS
SOLAR ENERGY
GAS STATION
CHANGE FROM OIL CYCLE TO SOLAR CYCLE
SOLAR ENERGY 15
m²
15,000 km a yearCO
2
Zero emission
A ZERO EMISSION CAR IS TECHNICALLY FEASIBLE
March 2008 RENAULT INV ESTOR RELATIONS 57
CO2 EMISSION REDUCTION ISA CHALLENGE AND AN OPPORTUNITY FOR RENAULT
!Kaizen:! Compact cars
! Efficient diesel
! Downsized gasoline turbo
!Breakthroughs: ! Electric Vehicle
! Hybrid electric vehicle
! Fuel cells
March 2008 RENAULT INV ESTOR RELATIONS 58
VISIBILITY ON DIVIDEND INCREASE
In � per share
Dividends paid*
Dividends to be proposed
2.42.43.13.1
1.81.8
4.54.5
0
1
2
3
4
5
2005 2006 2007 2008 2009
Nissan dividend policy
3.83.8
March 2008 RENAULT INV ESTOR RELATIONS 59
!QUALITYNext Laguna in the Top 3 models of its category in quality.
!PROFITABILITY6% operating margin in 2009.
!GROWTH+ 800,000 vehicles between 2005 and 2009strongest period of growth in the history of Renault.
March 2008 RENAULT INV ESTOR RELATIONS 60
March 2008 RENAULT INV ESTOR RELATIONS 61
March 2008 RENAULT INV ESTOR RELATIONS 62
March 2008 RENAULT INV ESTOR RELATIONS 63
March 2008 RENAULT INV ESTOR RELATIONS
QUESTIONS & ANSWERS
March 2008 RENAULT INV ESTOR RELATIONS 65
Koleos
March 2008 RENAULT INV ESTOR RELATIONS 66
New Kangoo PC
March 2008 RENAULT INV ESTOR RELATIONS 67
New Kangoo LCV
March 2008 RENAULT INV ESTOR RELATIONS 68
Grand Modus
March 2008 RENAULT INV ESTOR RELATIONS 69
Clio Grand Tour
March 2008 RENAULT INV ESTOR RELATIONS 70
Logan Pick-up
March 2008 RENAULT INV ESTOR RELATIONS 71
Kangoo Express Compact
March 2008 RENAULT INV ESTOR RELATIONS 72
Laguna Coupé Concept
March 2008 RENAULT INV ESTOR RELATIONS
2007 FINANCIAL RESULTSRENAULT GROUP
March 2008 RENAULT INV ESTOR RELATIONS 74
OPERATING PROFIT VARIANCE ANALYSIS
CHANGE 2007 / 2006 : + €291m1,063 1,354
2006 2007
- 154
+ 210
- 241
+ 137
+ 134 + 44
- 20
- 57
Currency
VolumeSalesFinancing
G&A
Warranty
Mix / Price Enrichment
Manufacturing & Logistics
Purchasing
Other
(million euros)
+ 390
- 270 Rawmaterials
- 152
R&D
March 2008 RENAULT INV ESTOR RELATIONS 75
2007 Change2006(million euros)
Other operating income & expenses - 186 - 116 + 37.6%
Associated companies 2,277 1,675 - 26.4%
Net income 2,960 2,734 - 7.6%
Automobile net financial debt 2,414 2,088 - 13.5%
2007 FINANCIAL RESULTS
Worldwide sales – in K units 2,434 2,484 + 2.1%
Revenues 40,332 40,682 + 1.8%(1)
Operating margin 1,063 1,354 + 27.4%
in % of revenues 2.6% 3.3% + 0.7pt
(1) On a consistent basis, FY2006 = €39,969m
March 2008 RENAULT INV ESTOR RELATIONS 76
Cash FlowChangeIn WCR
Net tangible & intangible Investments
Dividends paid
Free Cash Flow
+ 4,552
- 1,287
- 2,278
+ 961
Development expensescapitalized
- 26
+ 37
Fairvalue
Net debt decrease
+ 326
Dec 31st 2007 : €2,088m
+ 241
Others
(million euros)
+ 936Dividends received from associated companies
- 913
- 109 Leasedvehicles
- 2,169 NetInv estments
AUTOMOBILE NET FINANCIAL DEBT EVOLUTION
March 2008 RENAULT INV ESTOR RELATIONS 77
OPERATING MARGIN EVOLUTION
380
592471
2,4 %
722632
0
200
400
600
800
1,000
1,200
H1 2005 H2 2005 H1 2006 H2 2006 H1 2007 H2 20070.0%
1.0%
2.0%
3.0%
4.0%
5.0%
6.0%Automobile
Sales Financing (RCI)
Group operating margin
Automobile operating margin
2.4%
1.3%
3.1%
943
4.4%
3.3%
1.9%
0.9%
1.6%
2.7%2.3%
3.5%
2.2%
March 2008 RENAULT INV ESTOR RELATIONS
2007 COMMERCIAL RESULTS
March 2008 RENAULT INV ESTOR RELATIONS 79
International
+ 16.5%
- 4.1%
2006
669
2007
FranceFrance-- 1,8%1,8%
EuropeEurope
20072006
1,024 968
-- 5.5%5.5%WorldWorld
20072006
2,434
+ 2.2%+ 2.2%
1752006 2007
192
AmericasAmericas+ 33.4%+ 33.4%
2006
2472007
185 381
2006
EuroMedEuroMed
2007
424
+ 11.4%+ 11.4%
France+ Europe
2,487
657
2007 ResultsGrowth by region
Thousand units (Cars + LCVs)J+1 Data
Asia AfricaAsia Africa+ 9.8%+ 9.8%
March 2008 RENAULT INV ESTOR RELATIONS 80Renault Dacia
91134
+ 11.4%+ 2.3% - 1.4%
EUROMEDRomania Turkey Russia
2006 20072006 20072006 2007
381424
+ 9.5%
67 74
N. Africa
2006 2007
131
Euromed Record unit sales in Russia
92
+ 39.6%
72101
2006 2007
Thousand units (Cars + LCVs) 802007 COMMERCIAL RESULTS FRIDAY, JANU ARY, 4th
March 2008 RENAULT INV ESTOR RELATIONS 81
ASIA AFRICAFr. Territories2006 2007
175192
9.3 8.8
+ 9.8%
- 5.6%Sth Korea
119 117
- 1.4%2006 20072006 2007
018
India
2006 2007
1316
Sth Africa
8
- 46.1%2006 2007
Iran
2006 2007
0.9
Renault RSMDacia
Asia AfricaSales ramp-up in Iran and India
Thousand units (Cars + LCVs)
Feb 08 YTDFeb 08 YTD7,0977,097
Feb 08 YTDFeb 08 YTD5,0525,052
March 2008 RENAULT INV ESTOR RELATIONS 82
Renault Group LCV sales
Global – (Thousands of units LCVs)
Kangoo
394 390 404
Master
Trafic
Kangoo Express
0
50
100
150
200
250
300
350
400
450
2005 2006 2007
Clio
Trafic
Master
Dacia
Others
March 2008 RENAULT INV ESTOR RELATIONS 83Renault RSM
2006 2007
2006 20072006 2007
185
247
5274
4867
AMERICASBrazil Argentina+ 33.4%
+ 42.9% + 39.0%2006 2007
13 29
Venezuela+ 133%
2006 2007
33 39
+ 17.8%Colombia
AmericasStrong growth for Renault in buoyant markets
Thousand units (Cars + LCVs)
March 2008 RENAULT INV ESTOR RELATIONS 84
France + Europe2007 sales evolution by quarter
-10%
-8%
-6%
-4%
-2%
0%
2%
4%
6%
8%
Q1 Q2 Q3
Q4
842007 COMMERCIAL RESULTS FRIDAY, JANU ARY, 4th
- 8.0%- 9.2%
- 1.2%
+ 4.8%
March 2008 RENAULT INV ESTOR RELATIONS 85
Spain CentralEurope
- 1.4%- 3.6%FRANCE
2006 2007
- 1.8%2006 2007 2006 2007
206 19995 94
EUROPE
2006 2007
- 5.5%
1,024968
RenaultMilliers d’unités (VP + VU)
4.72
Germany- 8.7%
2006 2007
173 158
4.6710.81
8.15
U-K- 7.0%
2006 2007
160 149
5.415.98
Italy+ 1.0%
2006 2007
142 144
5.275.58
10.549.2826.30
24.8120072006 6.68
6.24
669 657
Renault Dacia
France + EuropeTowards growth recovery
Thousand units (Cars + LCVs)
Market share (in %)
March 2008 RENAULT INV ESTOR RELATIONS 86
2008 PRODUCT LAUNCHES BY REGION
AmericasAmericas
66
EuromedEuromed
1212
Asia Asia AfricaAfrica
1111
EuropeEurope
1414
Phase 2 + Derivatives
FranceFrance
1313
Models from the 2007 product planning
March 2008 RENAULT INV ESTOR RELATIONS 87
LAGUNA – MARKET SHARE PROGRESSION
March 2008 RENAULT INV ESTOR RELATIONS 88
THE BIG MIX SHIFT – French segment evolution
B-segmentB-segment
C-segmentC-segment
D-segmentD-segment
SUVSUV
A-segmentA-segment
March 2008 RENAULT INV ESTOR RELATIONS
RCI Banque:2007 Highlights
March 2008 RENAULT INV ESTOR RELATIONS 90
RCI Banque : Cost of credit risk
March 2008 RENAULT INV ESTOR RELATIONS 91
RCI Banque: Debt Structure
March 2008 RENAULT INV ESTOR RELATIONS
A new business model … KEY ISSUES
March 2008 RENAULT INV ESTOR RELATIONS 93
+376K
0
500
1,000
1,500
2,000
99 00 01 02 03 04 05 06 07 08 09
+200K
98979695
Thousands of units (Car+LCV including NRS)
+441K
2,0002,063
2,042
Europe: firing for profitoutlook for volume evolution
23 new models23 new modelsReplacementReplacement
++ExpansionExpansion
March 2008 RENAULT INV ESTOR RELATIONS 94
2005-2007 SALES VARIATION BY SEGMENT
0 +100k 200k
D/E
C
A&B
B0
- 200k - 100k
+ 49k
- 60k
- 191k
LCV
- 53k
- 2k
0 +100k 200k
D/E
C
A&B
B0
- 200k - 100k
+ 172k+ 8k
LCV
- 3k
- 8k
+ 11k
FRANCE + EUROPE INTERNATIONAL(number of units) (number of units)
Total volume variation
- 77,000 units
March 2008 RENAULT INV ESTOR RELATIONS 95
2008 FIRST MONTHS ORDERS UP
70,000
90,000
110,000
130,000
150,000
170,000
190,000
210,000
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC
200520062007
Monthly orders
2008
March 2008 RENAULT INV ESTOR RELATIONS 96
Europe: firing for profit More products – younger age
Product launch events in EuropeProduct launch events in Europe
2005 2006 2007 2008 2009Clio3 Logan
Logan
TwingoLaguna
Laguna SW
11 44
~11~11 ~7~7
Average Average ageage
2.2 yrs2.2 yrs
Average Average ageage
3.5 yrs3.5 yrs
March 2008 RENAULT INV ESTOR RELATIONS 97
Sedan Estate
Laguna III
2010>200,000 sales >27,000€
Coupé
Renault Commitment 2009 Beyond
Range extension
Sedan Crossover
MPV Crossover
Sedan10
20
30
40
50
Laguna II
SM7 Espace
Transaction price (K€)
27
Vel SatisEstateSedan
Upper range strategy : reviving profit
2005101,000 sales >27,000€incl. high end Megane & Scenic
Actual range
Price range for model
Proportion of sales future product (e)
March 2008 RENAULT INV ESTOR RELATIONS 98
UK (source CAP monitor)for Laguna Sedan 2.0 dCi 15036-month / 60,000 miles (100,000 km) + 7.2 pts vs Laguna II Sedan
Germany (source Eurotax)36-month / 60,000 km+ 7.8 pts for Sedan vs Laguna II + 5.7 pts for Grandtour vs Laguna II
Residual value improvement
3032343638404244464850
Laguna II(2006)
Laguna III(2007)
37.9%
45.7%+7.8 pts
March 2008 RENAULT INV ESTOR RELATIONS 99
Environmental excellence
! Less than 140g/km of CO2
! Model for France label
Between 121 and 140 g/km C
Low CO2 emission
High CO2 emissions
Less thanEqual to 100 g/km
between 101 and 120 g/km
between 141 and 160 g/km
between 161 and 200 g/km
between 201 and 250 g/km
More than 250 g/km
A
B
between 121 and 140 g/km C
D
E
F
G
Clio III TCE 100139 g
between 101 and 120 g/km B
New Twingo 1.5 dCi113 g
Laguna III dCi 110130g130g
March 2008 RENAULT INV ESTOR RELATIONS 100
Diesel 2.0 dCi 130, 150 & 175hp Leader in performance & driving pleasurePerforming, Silent, Economical & Clean
Diesel 1.5 dCi 110hpLeader in consumption & CO2 emissionsin this market segment
ALLIANCE
ALLIANCE
RENAULT
Petrol 2.0L 16v 140hpSilent, smooth & Dynamic
Petrol 3.5L V6 24v 245hpPerforming & smooth
NISSAN
Engine Origin
Environmental competitiveness
March 2008 RENAULT INV ESTOR RELATIONS 101
130135140145
Renault’s technology road map towards 130g/km
CO2 impact (g/km)
Cost im
pact (€)
New technology
March 2008 RENAULT INV ESTOR RELATIONS 102
� 2006 429 M�
� 2007 270 M�
� 2008 250-300 M�
Raw Materials Impact 2006-2008
March 2008 RENAULT INV ESTOR RELATIONS 103
Internationalization of the Group367,000 Logan sold in 2007
0
50
100
150
200
250
300
2004 2005 2006 2007
Euromed
Europe
France
Americas
Asia Africa350
Thousand units
8.9%
58.4%
8.6%
11.4%
12.7%
2007 Sales per Region
March 2008 RENAULT INV ESTOR RELATIONS 104
Logan -- a new cost structure
Logan(E Europe)
Clio Campus(W Europe)
0%
25%
50%
75%
100%
Logan Clio II
Commercial expenses
Commercial expenses
Powertrain depreciation
Other
Entry ticket depreciation
Warranty
Transportation
Production costsProduction costs
Outsourced parts
& powertrain
Outsourced parts
& powertrain
Full speed in International expansion
March 2008 RENAULT INV ESTOR RELATIONS 105
COLOMBIA16k
200kBRAZIL
RUSSIA160k
IRAN200K
80%
Capacity utilization for LoganCapacity utilization for other models
Logan: a growing global footprint
33%
ROMANIA350k100%
100%
100%16k Industrial capacity installed by 2009
65%
MOROCCO30k (2009)
Expansion projects beyond 2009
100%MOROCCO PHASE II300k+ (2009-13)
INDIA50k+ (2009)
INDIA PHASE II400k+ (2009-12)150K for Logan
Full speed in International expansion
March 2008 RENAULT INV ESTOR RELATIONS 106
160160
250
0
100
200
300
00 01 02 03 04 05 06 07 08 09 10
RSM sales in KoreaProduction in KoreaVolumes (thousand units)
Year
119
Max. capacity
BUSAN PLANT OUTPUT
Export
300
Renault Samsung Motors
Full speed in International expansion
March 2008 RENAULT INV ESTOR RELATIONS 107
Global D-segment: SM5 acountsfor 45% of global “d-segment “2006 sedan sales
SM3: RSM produced 40 thousand units for Nissan in 2007 (sold as Almera by Nissan)
Renault Samsung Motors
Full speed in International expansion
SM5SM5
SM7SM7
SM3SM3
KoleosConcept (2008)KoleosKoleosConcept (2008)Concept (2008)
March 2008 RENAULT INV ESTOR RELATIONS 108
0
500
1,000
1,500
2,000
2,500
3,000
3,500
1999 2000 2001 2002 2003 2004 2005 2006 20090%
5%
10%
15%
20%
25%
30%
35%
40%
Group internationalization
Total Group sales Thousands of units (Cars+ LCVs)
2007
% of group sales outside of Europe
11%
17% 17%17%
19%
23%
27%
30%
≥ 40%
Actual 0735%
2009-10Western Europe: 50%International: 50%
35%
March 2008 RENAULT INV ESTOR RELATIONS
Leveraging the Alliance...Leveraging the Alliance...
� Shared platforms� Interchangeable components� RNPO� Joint manufacturing
March 2008 RENAULT INV ESTOR RELATIONS 110
Performance driven organization! Renault Commitment 2009:
� Fully deployed internally and worldwide� Key performance indicators set and monitored
! New Management Organization:� Regional management committees� 11 cross – functional teams (500 people involved)� Globalized Functions (Target: world class level
of support services)
! Milestones for profitability� Operating margin 3% in 2007, 4.5% in 2008 and 6% in 2009
! Transparency on dividend
New management incentive schemes
March 2008 RENAULT INV ESTOR RELATIONS 111
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
Wider product range -- model mix
2005
o/w 5R & 2N
2009
M1M1Megane.etcMegane.etc..
Entry levelEntry levelTwingo, Clio, ModusTwingo, Clio, Modus
Logan FamilyLogan Family& derivatives& derivatives
LCVLCVLight commercial vehiclesLight commercial vehicles
M2 M2 HighHigh--endend
Vans & othersVans & others
2.5 mln2.5 2.5 mlnmln 3.3 mln3.3 3.3 mlnmln
March 2008 RENAULT INV ESTOR RELATIONS 112
12 competitors12 competitors
Improving qualityNew Laguna in TopNew Laguna in Top--3 for quality in its class3 for quality in its class
22 11 33
PassatPassat(VW)(VW)
S60S60(Volvo)(Volvo)
MondeoMondeo(Ford)(Ford)
407407(Peugeot)(Peugeot)
3 Series3 Series(BMW)(BMW)
C ClassC Class(Mercedes)(Mercedes)
AccordAccord(Honda)(Honda)
A4A4(Audi)(Audi)
AvensisAvensis(Toyota)(Toyota)
VectraVectra((OpelOpel))
C5C5(Citro(Citroëën)n)
� For product quality
� For service quality
March 2008 RENAULT INV ESTOR RELATIONS 113
Leveraging Renault strengths
! The International expansion
! The Renault Nissan Alliance
! The light commercial vehicles range
March 2008 RENAULT INV ESTOR RELATIONS 114
RC2009 incremental growth versus 2005VEHICLES SOLD SALES TURNOVER
Logan program
B + C
Upper end
France + Europe
Rest of World
By region
By model range
LCV
OPERATING MARGIN
115March 2008 RENAULT INV ESTOR RELATIONS
RENAULT INVESTOR RELATIONS
Veronique Dosdat Gerry Spahn+33 176 84 53 09 +33 176 83 05 13veronique.dosdat@renault.com gerry.spahn@renault.com
Sophie Burel+33 176 84 60 26sophie.burel@renault.com
Investor internet site:www.renault.com finance