Groupe Renault - 2020 Universal Registration Document

477 GROUPE RENAULT I UNIVERSAL REGISTRATION DOCUMENT 2020 Operating margin: the operating margin corresponds to the operating income before taking into account other operating income and expenses which by nature or exception have a significant unusual character and may affect margin comparisons. Other operating income and expenses mainly include: restructuring provisions associated with activity stoppages and P the costs of workforce adjustment measures; income from disposals of activities or operational investments P (total or partial), the income from disposals of investments in associates and joint ventures (total or partial), other income from changes in scope such as takeovers under IFRS 10 of entities previously consolidated under the equity method and the direct acquisition costs of companies consolidated by full consolidation or according to the percentage share specific to each balance sheet and income statement item; gains and losses on disposal of property, plant and equipment and P intangible assets (except leased asset sales); impairment of intangible assets and property, plant and P equipment and goodwill (excluding goodwill from associated companies and joint ventures); income and expenses that are unusual in their frequency, nature P or amount, in respect of disputes or impairment on significant operating receivables. Oyak-Renault: Renault’s manufacturing partner in Turkey. P PGE: State-guaranteed loan ( Prêt garanti par l'État ). R R&AE: Research and Advanced Engineering. R&AE activities are managed across the company’s Engineering departments using a shared, structured plan. The plan covers all vehicle, powertrain, product, process and service applications. REACH: (for Registration, Evaluation and Authorization of CHemicals) is a regulation adopted in 2006 by the European Parliament and Council. It has enabled the creation of a Community system for the registration, evaluation and authorization of chemical substances managed by the new European Chemicals Agency (ECHA) based in Helsinki. The implementation of REACH is the result of three main intentions: to expand knowledge of the health and environmental risks of over 30,000 chemical substances, to implement a substitution policy for the most harmful substances and to entrust manufacturing and exporting companies with the evaluation and management of risks linked to these substances. Revenues: revenues include all income from the sale of the Group’s automotive products, less rebates for services linked to these sales, and the different sales financing revenues sold to customers by Group companies. RMC: Regional Management Committee, which represents most of the Company’s central business functions, meets monthly and contributes to growing the Company’s presence, in both volume and market share, in the markets of the region in question. GEC: Group Executive Committee, which is in charge of the Company’s strategic directions and decisions. RNPO: Renault-Nissan Purchasing Organization, Shared Renault and Nissan division, created in 2001, responsible for purchasing parts and all other activities for the two companies. ROCE (Return On Capital Employed): is an indicator that measures the profitability of invested capital S Shareholders’ equity: the Group manages the equity for the Automotive division excluding AVTOVAZ using a ratio, equal to net debt for the Automotive segment excluding AVTOVAZ divided by the amount of shareholders’ equity. Net financial indebtedness includes all non-operating interest-bearing financial liabilities and commitments less cash and cash equivalents and other non- operating financial assets such as marketable securities or the segment’s loans. Shareholders’ equity is as reported in the Group’s financial position. T TAM: Total Automotive Market. The TAM is an aggregate figure representing new registrations of all automotive brands in the same market. TAM is frequently used in conjunction with Market Share (MS). TCe: Turbo Control Efficiency. TCe engines are equipped with a low inertia turbo that ensures minimal lag, thanks to its small-diameter turbine and compressor. The marriage of small capacity and low inertia turbo ensures lively response from low revs. W WLTP: Worldwide harmonized Light vehicles Test Procedure. In the vehicle approval process, WLTP is the new procedure for measuring CO 2 emissions and pollutant consumption and emissions under conditions more representative of customer use and the diverse nature of vehicle equipment. It has gradually been replacing the NEDC procedure since September 1, 2017. In line with the Euro 6d standard, which has gradually been implemented since September 1, 2017, this standard laboratory test procedure is supplemented by road tests that use the new Real Driving Emissions (RDE) protocol.