Groupe Renault - 2020 Universal Registration Document

21 GROUPE RENAULT I UNIVERSAL REGISTRATION DOCUMENT 2020 01 OVERVIEW OF RENAULT AND THE GROUP GROUPE RENAULT GROUPE RENAULT: A COMPANY THAT ACTS RESPONSIBLY CORPORATE GOVERNANCE FINANCIAL STATEMENTS RENAULT AND ITS SHAREHOLDERS ANNUAL GENERAL MEETING OF RENAULT ON APRIL 23, 2021 ADDITIONAL INFORMATION The Group’s main activities and strategy 1.1.3 The Group’s activities have been organized into three main types of operating activities, in 134 countries: Automotive , with the design, manufacture and distribution of P products through its distribution network (including the Renault Retail Group subsidiary): new vehicles, with several ranges (PC, LCV and EV [exclusively P Renault]) marketed under five brands: Renault, Dacia, Renault Samsung Motors, Alpine and Lada. Vehicles manufactured by Dacia and RSM may be sold under the Renault badge in some countries, used vehicles and spare parts, P the Renault powertrain range, sold B2B; P Sales financing (RCI Banque group and its subsidiaries): sales P financing, leasing, maintenance and service contracts; Mobility Services , which brings together the new mobility service P activities in the Renault M.A.I. holding company, created in October 2019. In addition, Renault has equity investments in the following two companies: Renault’s equity investment in Nissan; P Renault’s equity investment in AVTOVAZ. P The investment in Nissan is consolidated under the equity method in the Group’s financial statements, that in AVTOVAZ is fully consolidated. STRUCTURE OF GROUPE RENAULT (as a % of shares issued) (1) Indirect interest held by Renault s.a.s. Associated companies Sales Financing Not include in the scope consolidation Mobility Services RCI Bank and services 100% Alliance Rostec Auto B.V. 67.61% AVTOVAZ 100% Mobility Services 100% (1) Automotive division AVTOVAZ Renault SA Nissan Motor 43.4% Dacia 99.4% Daimler AG 1.55% Renault s.a.s 100% Other industrial and commercial companies Strategy Following approval by the Board of Directors on January 14, 2021, Luca de Meo, Groupe Renault CEO, presented Renaulution, a new strategic plan, which aims to shift Groupe Renault’s strategy from volume to value. This strategic plan is structured in three phases that are launched in parallel: “Resurrection”, running up to 2023, will focus on margin and cash P generation recovery; “Renovation”, spanning up to 2025, will see renewed and enriched P line-ups, feeding brand profitability; “Revolution”, from 2025 onwards, will pivot the business model to P tech, energy and mobility; making Groupe Renault a frontrunner in the value chain of new mobility. The Renaulution plan will restore Groupe Renault’s competitiveness by: taking the "2o22 plan" (1) one step further, driving efficiency P through engineering and manufacturing, to reduce fixed costs and to improve variable costs worldwide; leveraging the Group’s current industrial assets and electric P leadership in Europe; building on the Alliance to boost our reach in products, business P and technology coverage; accelerating mobility, energy-dedicated and data-related services; P driving profitability through four differentiated Business Units P based on empowered brands, customers and markets oriented. A new organization will roll-out this plan : the functions , with engineering at the forefront, are accountable P for the competitiveness, costs and time-to-market of the brand products; the fully-fledged, clear and differentiated brands manage their P profitability. In accordance with this value-driven organization, the company will no longer measure its performance on market shares and sales but on profitability, cash generation and investment effectiveness. The "2o22 plan" to reduce fixed costs by more than €2 billion over three years was presented on May 29, 2020. (1)