Groupe Renault - 2020 Universal Registration Document

475 GROUPE RENAULT I UNIVERSAL REGISTRATION DOCUMENT 2020 GLOSSARY A Alliance: Renault, Nissan, Mitsubishi and AVTOVAZ are members of the Alliance (a legal structure described in Section 1.2 of this document), with a cumulative sales volume for 2016 of over 9.9 million units. AVES: Alliance Vehicle Evaluation System. A system of quality checks conducted on new vehicles as they come off the assembly lines. AVES applies a detailed method comprising a static/visual component and a dynamic component to detect any visual or mechanical defects or abnormal noises. AVTOVAZ: Russian company, manufacturer of the Lada brand in which Renault has a controlling interest, via a joint-venture, fully consolidated in Renault’s financial statements since the end of 2016. C CAFE: the “CAFE” (Corporate Average Fuel Economy) represents the average level of fuel consumption or CO 2 emissions for all passenger cars sold by a carmaker. CMF: Common Module Family, a sharing principle, via a series of platforms shared between Renault and Nissan, based on a modular system of architecture that enables a wide range of vehicles to be built from a smaller pool of parts, creating higher added-value for the Group’s customers. CCT: Cross-Company Team, a team consisting of representatives from Renault and Nissan who explore opportunities for synergies between the two companies within the framework of the Alliance. CVT: Continuously Variable Transmission. A gearbox technology that enables the vehicle to run at optimum power. A CVT delivers better fuel economy than a conventional automatic transmission. It provides a smoother, more comfortable driving experience by shifting seamlessly through gear ratios with no break in acceleration. D DPF: Diesel Particulate Filter: a particulate filter removes diesel particulate matter from exhaust gases by trapping them in a microporous honeycomb structure. The filter is automatically regenerated every 500 km. Downsizing: reduction in engine capacity. Optimizing internal combustion engines remains one of the most effective ways of limiting fuel consumption, and therefore greenhouse gas emissions. Downsizing involves reducing the capacity of the engines – and thus fuel consumption and CO 2 emissions – while maintaining performance. E EBA: emergency brake assist, a system that detects emergency braking situations and instantaneously increases braking pressure to shorten the distance the vehicle takes to stop. Euro NCAP: European New Car Assessment Program. Safety standards for crash tests in Europe. Euro NCAP performs crash tests to give consumers precise information about the safety of their cars. Since 2009, Euro NCAP has released a single overall rating for each vehicle tested, which comprises assessments of Adult Occupant Protection, Child Occupant Protection, Pedestrian Protection and Safety Assist. Euro NCAP also publishes information about ESC fitment and the results of rear impact (whiplash) tests in terms of seat design. Euro 5 and Euro 6: the Euro 5 emission standards are part of the Euro emission standards, which set the maximum pollutant emission limits, excluding CO 2 , for cars and other vehicles. The Euro 5 emission standard came into effect in September 2009 for new car certifications and covers all new cars since January 2011. In 2014, Euro 6, which focuses mainly on NO x emissions, took its place. F FCF: Free Cash Flow is the amount of cash generated by a company after interest payments, tax and net investments. FCF is used to: reduce the Net Financial Debt of Automotive; P pay dividends; P buy back the company’s own shares and minority interests; P carry out external growth operations: acquire companies or make P investments in associated companies. The FCF for Automotive sectors is an indicator defined by Groupe Renault and calculated from the accounting data in the Statement of Changes in Cash. However, this indicator is neither defined in nor required by IFRS. The Group has chosen to calculate this indicator on the scope of the Automotive sectors, excluding all elements from the Sales Financing sector, with the exception of dividends paid and capital increases in Sales Financing. Free Cash Flow is obtained from the elements in the Statement of Changes in Cash for Automotive sectors by summing the following elements: Cash flow (excluding dividends received from publicly listed companies and including dividends received from Sales Financing) + Change in working capital requirements + Tangible and intangible investments net of disposals + Change in capitalized leased assets (vehicles and batteries) - Subscription to capital increases from Sales Financing = Automotive segments’ operational free cash flow