RENAULT GROUP –Q3 2013 JÉRÔME STOLL DOMINIQUE … · tiv and group registration evolution sept...
Transcript of RENAULT GROUP –Q3 2013 JÉRÔME STOLL DOMINIQUE … · tiv and group registration evolution sept...
OCTOBER 24, 2013RENAULT GROUP Q3 2013
RENAULT GROUP – Q3 2013 JÉRÔME STOLLDOMINIQUE THORMANN
2OCTOBER 24, 2013RENAULT GROUP Q3 2013
DISCLAIMER
Information contained within this document may contain forward looking statements. Although the Company considers that such information and statements are based on reasonable assumptions taken on the date of this report, due to their nature, they can be risky and uncertain (as described in the Renault documentation registered within the French financial markets regulation authorities) and can lead to a difference between the exact figures and those given or deduced from said information and statements.
Renault does not undertake to provide updates or revisions, should any new statements and information be available, should any new specific events occur or for any other reason. Renault makes no representation, declaration or warranty as regards the accuracy, sufficiency, adequacy, effectiveness and genuineness of any statements and information contained in this report.
Further information on Renault can be found on Renault’s web site (www. Renault.com), in the section Finance / Regulated Information.
3OCTOBER 24, 2013RENAULT GROUP Q3 2013
01 Q3 2013 COMMERCIAL UPDATEJÉRÔME STOLL, EVP & CHIEF PERFORMANCE OFFICER
02 Q3 2013 REVENUES & OUTLOOKDOMINIQUE THORMANNEVP & CFO
03 QUESTIONS & ANSWERS
AGENDA
4OCTOBER 24, 2013RENAULT GROUP Q3 2013
Q3 2013 KEY POINTS
� STABILISATION OF THE SITUATION IN EUROPE AT A LOW LEVEL
� ECONOMIC SLOWDOWN IN EMERGING MARKETS
� FX VOLATILITY
� POSITIVE SALES MOMENTUM
� SUCCESS OF NEW PRODUCTS
5OCTOBER 24, 2013RENAULT GROUP Q3 2013
Q3 2013 COMMERCIAL UPDATEJÉRÔME STOLL, EVP & CHIEF PERFORMANCE OFFICER
01
6OCTOBER 24, 2013RENAULT GROUP Q3 2013
* PC+LCV including USA & Canada
TIV AND GROUP REGISTRATION EVOLUTION Q3 2013 vs Q3 2012
MONDE
EURASIA
EUROMED-AFRICA
ASIA-PACIFIC
AMERICAS
EUROPE
GLOBAL*
TIV + 2.5%GROUP + 10.2%
TIV + 4.6% GROUP + 3.1%
TIV - 4.2%GROUP + 18.2%
TIV - 4.6%GROUP + 2.9%
TIV + 6.1%GROUP - 30.4%
TIV - 2.8%GROUP + 0.5%
w/o IRAN + 6.6%
w/o IRAN + 7.3%
7OCTOBER 24, 2013RENAULT GROUP Q3 2013
596
268
4786
128
67
615
295
5689
129
46
Q3'12 Q3'13 Q3'12 Q3'13 Q3'12 Q3'13 Q3'12 Q3'13 Q3'12 Q3'13 Q3'12 Q3'13GLOBAL EUROPE AMERICAS
+0.5%
ASIA-PACIFIC
-30.4%
EUROMED-AFRICA
+2.9%
EURASIA
+18.2%
INTERNATIONAL -2.6%
Thousand units(PC+LCV)
GROUP REGISTRATION Q3 2013 vs Q3 2012
320 ku
+10.2%+3.1%w/o IRAN + 4.8%
8OCTOBER 24, 2013RENAULT GROUP Q3 2013
Q3 MARKET
SHARE
1 FRANCE 26,4%
2 BRAZIL 7,1%
3 RUSSIA 7,1%
4 ARGENTINA 16,3%
5 GERMANY 5,1%
6 TURKEY 17,0%
7 SPAIN 13,1%
8 ALGERIA 24,4%
9 ITALY 7,3%
10 UNITED KINGDOM 2,9%
TOTAL TOP 10 9,5%
OVERSEAS MARKETS REMAIN >50% DESPITE IRAN & EUROPEAN BREAKTHROUGH
% OF SALES OUTSIDE EUROPE
Q3' 09 Q3' 10 Q3' 11 Q3' 12 Q3' 13
36% 42% 48%55% 52%
TOP 10 MARKETS
9OCTOBER 24, 2013RENAULT GROUP Q3 2013
EUROPE REGION
France 26.4%
+1.9 pts
GROUP PC+LCV : BREAKDOWN OF REGISTRATIONS
Europe 9.1%
+0.6pts
GROUP ORDER BOOK, PC+LCVGROUPMARKET SHARE PC+LCV
268
+25
+2
295
Q3’12 TIV & MARKET MIX
Q3’13
PERFORMANCE
10OCTOBER 24, 2013RENAULT GROUP Q3 2013
EUROPE REGION: GAINING MARKET SHARE ON RETAIL & FLEET CHANNELS
% TIV YTD 2012 43% 29% 9% 19%
% TIV YTD 2013 42% 29% 9% 20%
IN FRA, GER, BEL+LUX, NED (YTD August)
11OCTOBER 24, 2013RENAULT GROUP Q3 2013
AMERICAS REGION
GROUPMARKET SHARE PC+LCV
Americas 7.2%
+0.2 pts
Brazil 7.1%
+0.4 pts
GROUP PC+LCV : BREAKDOWN OF REGISTRATIONS
BEST QUARTER EVER IN BRAZIL: 7.1% MS
TIV & MARKET MIX
PERFORMANCE128
-1
129Q3 ’12 Q3’13+2
12OCTOBER 24, 2013RENAULT GROUP Q3 2013
EURASIA REGION
GROUPMARKET SHARE PC+LCV
Eurasia 6.6%
+1.2pts
Russia 7.1%
+1.5 pts
GROUP PC+LCV : BREAKDOWN OF REGISTRATIONS
RENAULT DUSTER
47
56Q3’12
Q3’13PERFORMANCE
TIV & MARKET MIX
+12
-3
13OCTOBER 24, 2013RENAULT GROUP Q3 2013
EUROMED-AFRICA REGION
GROUPMARKET SHARE PC+LCV
Euromed-Africa 14.9%
+1.1 pts
Turkey 17.0%
+3.4 pts
GROUP PC+LCV : BREAKDOWN OF REGISTRATIONS
TIV & MARKET MIX
PERFORMANCE86- 3-7 89
Q3 ’12Q3’13
+10
CLIO IV
14OCTOBER 24, 2013RENAULT GROUP Q3 2013
ASIA-PACIFIC REGION
GROUPMARKET SHARE PC+LCV
Asia-Pacific 0.5%
- 0.3 pts
India 1.6%
+0.1 pts
RENAULT DUSTER
GROUP PC+LCV : BREAKDOWN OF REGISTRATIONS
67 1
+1
46
Q3’12
Q3’13PERFORMANCE
TIV & MARKET MIX
-23
IRAN
15OCTOBER 24, 2013RENAULT GROUP Q3 2013
THE NEW PRODUCTS ARE ACHIEVING GOOD PERFORMANCE
Figures based on D1-data
NEW CLIO: 251Ku sold YTD#1 in France, #3 in Algeria, #4 in Turkey First Imported car in Italy
CAPTUR: 52Ku sold YTD#1 Crossover in France (Q3)#1 of its segment in Europe (Q3)
NEW SANDERO: 103Ku sold YTDSales +53% in EuropeDacia fastest growing PC brand in Europe
16OCTOBER 24, 2013RENAULT GROUP Q3 2013
Q3 2013 REVENUESDOMINIQUE THORMANNEVP & CFO
02
17OCTOBER 24, 2013RENAULT GROUP Q3 2013
RENAULT GROUP REVENUES BY DIVISION IN Q3
In million euros Q3 2013Change
(%)Q3 2012*
Automotive
Sales Financing
TOTAL
7,748
513
8,261
7,483
515
7,998
-3.4%
+0.4%
-3.2%
* Restated from retrospective application of IFRS 1 1 « joint Arrangements » & Iran deconsolidation on July 1, 2013
18OCTOBER 24, 2013RENAULT GROUP Q3 2013
AUTOMOTIVE REVENUE VARIANCE ANALYSIS
Currency
Volume
Geographicalmix
Product / Version mix
Price
Sales to partners
Others
- 3.4%
-5.7 pts +0.1 pts +1.2 pts -1.3 pts +0.9 pts +1.3 pts +0.0 pts
In million euros CHANGE Q3 2013 / Q3 2012 : €-265m
Q3 2012 Q3 2013
* Restated from retrospective application of IFRS 1 1 « joint Arrangements » & Iran deconsolidation on July 1, 2013
19OCTOBER 24, 2013RENAULT GROUP Q3 2013
DISTRIBUTION STOCK
NEW VEHICLE DISTRIBUTION STOCK (IN K UNITS)
405
482459
421445
481507 503
153
262
180
228
131
241
140
243252220
279
193
314
240
367
260
DEC'11 MAR'12 JUN'12 SEP'12 DEC'12 MAR'13 JUN'13 SEP'13
GROUP
INDEPENDENTDEALERS
TOTAL
Number of days of sales
(previous period)52 69 61 65 7265 67 75
20OCTOBER 24, 2013RENAULT GROUP Q3 2013
RCI BANQUE PERFORMANCE
Q3 2013Change
(%)Q3 20121
Revenues(in € m)
Average loans outstanding (in € bn)
New contracts (in thousand units)
New financing(in € bn)
513
23.9
229.7
2.6
515
24.5
286.3
3.0
+0.4%
+2.5%
+24.6%2
+15.2%3
1 Restated from retrospective application of IFRS 11 « joint Arrangements »2 +13% before the retroactive consolidation of the Turkish JV on January 1, 20133 +10% before the retroactive consolidation of the Turkish JV on January 1, 2013
21OCTOBER 24, 2013RENAULT GROUP Q3 2013
OUTLOOK 2013 MAINTAINED
THE GROUP IS STILL TARGETING
� UNITS SALES 2013 > 2012
� POSITIVE AUTOMOTIVE OPERATING MARGIN
� POSITIVE AUTOMOTIVE OPERATIONAL FREE CASH FLOW
22OCTOBER 24, 2013RENAULT GROUP Q3 2013
Q&A
OCTOBER 24, 2013RENAULT GROUP Q3 2013
APPENDIX
24OCTOBER 24, 2013RENAULT GROUP Q3 2013
GROUP PC+LCV : Q3’13 MARKET SHARE CHANGE IN GROUP TOP 15 COUNTRIESVolume M/S PC+LCV M/S Q3 2013 Q3 2013 vs 2012
FRANCE 120 513 26,4% +1,9
BRAZIL 66 143 7,1% +0,4
RUSSIA 50 448 7,1% +1,5
ARGENTINA 39 870 16,3% -0,1
GERMANY 39 084 5,1% -0,1
TURKEY 34 819 17,0% +3,4
SPAIN 23 571 13,1% +2,1
ALGERIA 21 609 24,4% -2,4
ITALY 21 062 7,3% +1,8
UNITED KINGDOM 20 110 2,9% +0,6
SOUTH KOREA 15 140 4,0% +0,4
BELGIUM+LUXEMBOURG 14 553 12,0% +0,5
COLOMBIA 11 496 16,5% +0,8
INDIA 11 318 1,6% +0,1
NETHERLANDS 10 868 10,7% +0,3
25OCTOBER 24, 2013RENAULT GROUP Q3 2013
MONDE
* PC+LCV including USA & Canada
EURASIA
EUROMED-AFRICA
ASIA-PACIFIC
AMERICAS
EUROPE
GLOBAL*
TIV - 4,0%GROUP - 2,4%
TIV + 3,6% GROUP - 0.3%w/o IRAN + 2.3%
TIV - 3.6%GROUP + 12.5%
TIV + 3.7%GROUP + 5.5%
TIV + 5.7%GROUP - 6.2%w/o IRAN+ 35.6%
TIV + 2.5%GROUP - 1.3%
TIV AND GROUP REGISTRATION EVOLUTION Sept 2013 vs Sept 2012 YTD
26OCTOBER 24, 2013RENAULT GROUP Q3 2013
1 924
976
151271
343
183
1 918
952
170285 339
172
Sept '12 SEPT '13 Sept '12 SEPT '13 Sept '12 SEPT '13 Sept '12 SEPT '13 Sept '12 SEPT '13 Sept '12 SEPT '13GLOBAL EUROPE
-2.4%
AMERICAS
-1.3%
ASIA-PACIFIC
-6.2%
EUROMED-AFRICA
+5.5%
EURASIA
+12.5%
INTERNATIONAL +1.9%
w/o Iran +7.6%
Thousand units(PC+LCV)
GROUP REGISTRATION Sept 2013 vs Sept 2012 YTD
966ku
-2.4%-0.3%
27OCTOBER 24, 2013RENAULT GROUP Q3 2013
RENAULT GROUP REVENUES BY DIVISION IN Q3 YTD
In million euros Q3 2013 YTD
Change(%)
Q3 2012 YTD*
Automotive
Sales Financing
TOTAL
27,301
1,582
28,883
26,866
1,573
28,439
-1.6.%
-0.6%
-1.5%
* Restated from retrospective application of IFRS 1 1 « joint Arrangements » & Iran deconsolidation on July 1, 2013
28OCTOBER 24, 2013RENAULT GROUP Q3 2013
AUTOMOTIVE REVENUE VARIANCE ANALYSIS
CurrencyVolume
Geographicalmix
Product / Version mix Price
Sales to partners
Others
- 1.6%
-3.8 pts -0.5 pts +0.3 pts -0.1 pts +1.7 pts +1.1 pts -0.5 pts
In million euros CHANGE 2013 / Q3 2012 : €-435m
Q3 2012 Q3 2013
* Restated from retrospective application of IFRS 1 1 « joint Arrangements » & Iran deconsolidation on July 1, 2013
29OCTOBER 24, 2013RENAULT GROUP Q3 2013
RENAULT GROUP REVENUES BY DIVISION IN Q3
In million eurosQ3 2012
RESTATEDQ3 2012
PUBLISHED
Automotive
Sales Financing
TOTAL
7,928
519
8,447
7,748
513
8,261
* Restated from retrospective application of IFRS 1 1 « joint Arrangements » & Iran deconsolidation on July 1, 2013