Renault : Présentation gouvernance avril 2024 (anglais seulement)
April 16, 2024 at 03:57 am EDT
Share
2024 Governance Roadshow
APRIL 2024
1
2023 Results
&
2024 Outlook
2
2023 : breaking records and strong improvement
Operating margin
Free cash flow
In percentage of Group revenue
7.9%
5.5%
2.8%
-1.0%
In billion euros
2.1
0.9
-4.8
3.0
2020(1)
2021 (1)
2022(2)
2023
2020(1)
2021 (1)
2022(2)
2023
(1)
Adjusted to reflect the exit from Russia
3
(2)
After IFRS 17 restatement
The Alliance re-ignited: focused on operations
4
Value creation shared with our shareholders :
increased dividend to €1.85 per share
PRIORITY:
RETURN TO
INVESTMENT
GRADE
€0.25
per share
2023
(based on FY 2022 result)
Proposed dividend of
€1.85 per share,
payable in cash
17.5%
2024
(based on FY 2023 result)
DIVIDEND POLICY
Progressive ramp-up to
35% payout ratio
on Group consolidated net income parent share
35%
Mid-term
FY 2023 dividend pending Shareholders' General Meeting approval
5
Value creation shared with our people: employee
shareholding plan #2
Renaulution
Employee
Employee
Shareplan
shareholding(1)
shareholding
2030 ambition
>95,000
employees benefitted from
8 free shares in 2023
&
>38,000
employees subscribed to shares
at a preferential price
5.1%10%
vs. 3.8% as of Dec. 31, 2022
6
2024 financial outlook
Operating margin
Free cash flow
≥7.5%
≥€2.5bn
7
Playing offense…
10 launches in 2024
Scenic E-Tech
Rafale
Renault 5 E-Tech*
KardianSymbioz
Master
D-SUV South Korea
(*) Prototypes - illustrative
10 new vehicles launches in 2024 without Renault Duster (outside Europe) and Captur facelift
Duster
A290*
Spring
Electric vehicle (100% electric exclusively
or as part of the powertrains proposed for Renault Master)
8
…the best defense
Cost reduction
EV
competitiveness
40% cost reduction program
to reach EV/ICE price parity
before competition(1)
Twingo
Developed in ~2years
Costs -40% vs. Renault 5
Industrial base transformation
Production cost reduction
by 2027
-30% on ICE & hybrid
-50% on EV
€270m savings in 2023
thanks to predictive maintenance
Energy
efficiency
Consumption reduction
in the plants
2025 vs. 2021, per vehicle
-30% target Worldwide -40% target in France
-20% achieved as of 2023
(1) 40% cost reduction by 2027/2028 between the 1st and the 2nd generation of C-segment electric vehicles.
9
The EV/ICE price parity is expected to be reached by 2027/2028 with the 2nd generation.
2
2024 AGM & Board and Committees composition
10
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Disclaimer
Renault SA published this content on
16 April 2024 and is solely responsible for the information contained therein. Distributed by
Public, unedited and unaltered, on
16 April 2024 07:56:01 UTC.
Renault is one of the world's leading automobile constructors. Net sales break down by activity as follows:
- sale of vehicles (91.9%): 2.2 million passenger and commercial vehicles sold in 2023, distributed by brand between Renault (1,548,748), Dacia (658,321), Renault Korea Motors (21,980), Alpine (4,328) and other (1,968);
- services (8.1%): financing services for vehicle sales (purchasing, renting, leasing, etc.; RCI Banque), related services (maintenance, warranty extension, assistance, etc.) and mobility services.
At the end of 2023, the group had 38 industrial sites worldwide.
Net sales are distributed geographically as follows: France (29.2%), Europe (49.3%), Americas (8.7%), Eurasia (6.1%), Asia/Pacific (3.5%), Africa and Middle East (3.2%).