2017 FINANCIAL RESULTS CONFERENCE

INVESTOR RELATIONS – FY 2017 PRESENTATION FEBRUARY 16TH 2018 PROPERTY OF GROUPE 1 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.group.renault.com), in the section Finance / Regulated Information.

INVESTOR RELATIONS – FY 2017 PRESENTATION FEBRUARY 16TH 2018 PROPERTY OF GROUPE RENAULT 2 AGENDA

FY 2017 FINANCIAL RESULTS CLOTILDE DELBOS 01 EVP, Group Chief Financial Officer

2017 KEY ACHIEVEMENTS / 2018 OUTLOOK 02 Chairman & Chief Executive Officer 03 QUESTIONS & ANSWERS

INVESTOR RELATIONS – FY 2017 PRESENTATION FEBRUARY 16TH 2018 PROPERTY OF GROUPE RENAULT 3 01 FY 2017 FINANCIAL RESULTS CLOTILDE DELBOS EVP, Group Chief Financial Officer

INVESTOR RELATIONS – FY 2017 PRESENTATION FEBRUARY 16TH 2018 PROPERTY OF GROUPE GROUPE RENAULT’S UNIT REGISTRATIONS 2017 VS 2016 (incl. )

WORLD MARKET SHARE: 4.03% (+0.2pts) K units (PC+LCV)

3,762 3,468

1,810 1,911 INTERNATIONAL: +11.6% 645 733 491 532 354 389 167 196

2016 2017 2016 2017 2016 2017 2016 2017 2016 2017 2016 2017

GLOBAL EUROPE AMI EURASIA AMERICAS ASPA GROUP 8.5% 5.6% 8.4% 13.6% 9.9% 17.0% TIV 2.3% 3.3% 2.0% 7.0% 7.2% 2.7%

INVESTOR RELATIONS – FY 2017 PRESENTATION FEBRUARY 16TH 2018 PROPERTY OF GROUPE FY 2017 GROUP REVENUES

In million euros 2016 2017 CHANGE

GLOBAL UNIT SALES* (units) 3,468,174 3,761,634 +8.5%

GROUP REVENUES 51,243 58,770 +14.7%

o/w AUTOMOTIVE excl. AVTOVAZ 48,995 53,530 +9.3%

o/w AVTOVAZ** - 2,727 N/A

o/w SALES FINANCING 2,248 2,513 +11.8%

H1 H2

+12.1% +6.5%

* 2016 including Lada sales ** AVTOVAZ net of eliminations Nota Bene: AVTOVAZ accounted for by equity method in 2016 and fully consolidated in 2017

INVESTOR RELATIONS – FY 2017 PRESENTATION FEBRUARY 16TH 2018 PROPERTY OF GROUPE AUTOMOTIVE EXCLUDING AVTOVAZ REVENUES VARIANCE ANALYSIS

CHANGE 2017 vs 2016: +€4,535m

Others Sales to partners Currency +973 -346 +1,298 Price Product +738 Geographic mix Volume mix +355 -68 53,530 +1,585

+3.3 pts -0.1 pts +0.7 pts +1.5 pts +2.6 pts -0.7 pts +2.0 pts 48,995 +9.3% (million euros) 2016 2017

INVESTOR RELATIONS – FY 2017 PRESENTATION FEBRUARY 16TH 2018 PROPERTY OF GROUPE RENAULT 7 FY 2017 OPERATING PROFIT BY ACTIVITY

In million euros 2016 2017 CHANGE

GROUP OPERATING PROFIT 3,282 3,854 +572 % of Group revenues 6.4% 6.6% +0.2pts

o/w AUTOMOTIVE excl. AVTOVAZ 2,386 2,749 +363 % of segment revenues 4.9% 5.1% +0.2pts o/w AVTOVAZ* - 55 +55

o/w SALES FINANCING 896 1,050 +154

H1 H2

4.8% 5.5% * AVTOVAZ net of eliminations Nota Bene: AVTOVAZ accounted for by equity method in 2016 and fully consolidated in 2017

INVESTOR RELATIONS – FY 2017 PRESENTATION FEBRUARY 16TH 2018 PROPERTY OF GROUPE RENAULT 8 GROUP OPERATING PROFIT VARIANCE ANALYSIS

CHANGE 2017 vs 2016: +€572m RCI Banque & others Currency Monozukuri G&A Raw +413 -303 -125 materials AVTOVAZ** Volume & partners +55 +663 -394 Mix / Net Enrichment +493 -230 3,799 3,854 COST GROWTH 3,282 REDUCTION +€906m +€538m

(million euros) 2016* 2017 2017 * 2016 excluding AVTOVAZ excl. AVTOVAZ incl. AVTOVAZ ** AVTOVAZ net of eliminations

INVESTOR RELATIONS – FY 2017 PRESENTATION FEBRUARY 16TH 2018 PROPERTY OF GROUPE RENAULT 9 COST REDUCTION ANALYSIS EXCLUDING AVTOVAZ

CHANGE 2017 vs 2016: +€538m

Monozukuri

+75 -100 -43 -125

+731

(million euros) Purchasing Warranty R&D Manufacturing & G&A Logistics

INVESTOR RELATIONS – FY 2017 PRESENTATION FEBRUARY 16TH 2018 PROPERTY OF GROUPE RENAULT 10 GROUP OPERATING PROFIT VARIANCE ANALYSIS

CHANGE 2017 vs 2016: +€572m RCI Banque & others Currency Monozukuri G&A Raw +413 -303 -125 materials AVTOVAZ** Volume & partners +55 +663 -394 Mix / Net Enrichment +493 -230 3,799 3,854 COST GROWTH 3,282 REDUCTION +€906m +€538m

(million euros) 2016* 2017 2017 * 2016 excluding AVTOVAZ excl. AVTOVAZ incl. AVTOVAZ ** AVTOVAZ net of eliminations

INVESTOR RELATIONS – FY 2017 PRESENTATION FEBRUARY 16TH 2018 PROPERTY OF GROUPE RENAULT 11 OTHER OPERATING INCOME & EXPENSES

In million euros 2016* 2017

NET RESTRUCTURING COSTS -283 -56

IMPAIRMENT OF ASSETS -38 -52

CAPITAL GAIN/LOSS ON DISPOSAL OF FIXED ASSETS -4 +96

IMPACT OF AVTOVAZ FIRST FULL CONSOLIDATION +325 -

OTHERS +1 -36

TOTAL OTHER OPERATING INCOME & EXPENSES +1 -48

* 2016 excluding AVTOVAZ

INVESTOR RELATIONS – FY 2017 PRESENTATION FEBRUARY 16TH 2018 PROPERTY OF GROUPE FY 2017 FINANCIAL RESULTS

In million euros 2016 2017 CHANGE REVENUES 51,243 58,770 +14.7% OPERATING PROFIT 3,282 3,854 +572 % of Group revenues 6.4% 6.6% +0.2 pts OTHER OPERATING INCOME & EXPENSES +1 -48 -49 EBIT 3,283 3,806 +523 NET FINANCIAL INCOME & EXPENSES -323 -504 -181 ASSOCIATED COMPANIES 1,638 2,799 +1,161 CURRENT & DEFERRED TAXES -1,055 -891 +164 NET INCOME 3,543 5,210* +1,667

* Excluding the impact of the US tax reform and Calsonic Kansei divestiture on contribution (-€1,021m): Net income = €4,189m Nota Bene: AVTOVAZ accounted for by equity method in 2016 and fully consolidated in 2017

INVESTOR RELATIONS – FY 2017 PRESENTATION FEBRUARY 16TH 2018 PROPERTY OF GROUPE RENAULT 13 ASSOCIATED COMPANIES

In million euros 2016 2017 CHANGE

NISSAN 1,741 2,791* +1,050

AVTOVAZ -89 - +89

OTHERS -14 8 +22

TOTAL ASSOCIATED COMPANIES 1,638 2,799 +1,161

H1 H2

1,288 1,503

* €1,770m excluding the impact of the US tax reform and Calsonic Kansei divestiture on Nissan contribution (-€1,021m) Nota Bene: AVTOVAZ accounted for by equity method in 2016 and fully consolidated in 2017

INVESTOR RELATIONS – FY 2017 PRESENTATION FEBRUARY 16TH 2018 PROPERTY OF GROUPE RENAULT 14 FY 2017 FINANCIAL RESULTS

In million euros 2016 2017 CHANGE REVENUES 51,243 58,770 +14.7% OPERATING PROFIT 3,282 3,854 +572 % of Group revenues 6.4% 6.6% +0.2 pts OTHER OPERATING INCOME & EXPENSES +1 -48 -49 EBIT 3,283 3,806 +523 NET FINANCIAL INCOME & EXPENSES -323 -504 -181 ASSOCIATED COMPANIES 1,638 2,799 +1,161 CURRENT & DEFERRED TAXES -1,055 -891 +164 NET INCOME 3,543 5,210* +1,667

* Excluding the impact of the US tax reform and Calsonic Kansei divestiture on Nissan contribution (-€1,021m): Net income = €4,189m Nota Bene: AVTOVAZ accounted for by equity method in 2016 and fully consolidated in 2017

INVESTOR RELATIONS – FY 2017 PRESENTATION FEBRUARY 16TH 2018 PROPERTY OF GROUPE RENAULT 15 AUTOMOTIVE NET FINANCIAL POSITION

Excl. AVTOVAZ

Net tangible & intangible investments Change DEC 31, 2016*: €2,416m in WCR -3,891 Cash flow 447 DEC 31, 2017*: €2,928m

Net capex -2,169

Dividends Capitalized received 4,327 R&D from Dividends listed co. paid -1,193 Operational free AVTOVAZ 761 Financial Leased -529 -996 Share Vehicles FCF cash flow investments & others buy-back Others from Net 62 for employees AVTOVAZ change 945 -163 -121 86 512 (million euros)

* The figures at December 31, 2016 include adjustments relating to the allocation of the purchase price paid for the AVTOVAZ Group.

INVESTOR RELATIONS – FY 2017 PRESENTATION FEBRUARY 16TH 2018 PROPERTY OF GROUPE NEW VEHICLE DISTRIBUTION STOCK EXCLUDING AVTOVAZ

(K units)

670 TOTAL 618 593 591 609 613 571 564 481 INDEPENDENT 399 410 423 DEALERS 371 340 343 333 298 324 327 295 267 277 GROUP 200 208 190 141 165

DEC'15 MAR'16 JUN'16 SEP'16 DEC'16 MAR'17 JUN'17 SEP'17 DEC'17 55 78 60 76 59 78 63 71 57 Number of days of sales (backward)

INVESTOR RELATIONS – FY 2017 PRESENTATION FEBRUARY 16TH 2018 PROPERTY OF GROUPE RENAULT 17 RCI BANQUE

2016 2017

NEW FINANCINGS (€bn) 17.9 20.6

AVERAGE PERFORMING ASSETS (€bn) 33.3 39.6

NET BANKING INCOME 4.41% 4.11%

COST OF RISK (CUSTOMER & DEALER) -0.31% -0.11%

OPERATING EXPENSES -1.39% -1.32%

PRETAX INCOME 2.74% 2.72%

OPERATING PROFIT (€m) 896 1,050

All percentages are calculated on average performing assets

INVESTOR RELATIONS – FY 2017 PRESENTATION FEBRUARY 16TH 2018 PROPERTY OF GROUPE 02 2017 KEY ACHIEVEMENTS 2018 OUTLOOK CARLOS GHOSN Chairman & Chief Executive Officer

INVESTOR RELATIONS – FY 2017 PRESENTATION FEBRUARY 16TH 2018 PROPERTY OF GROUPE RENAULT 19 DRIVE THE CHANGE MAIN OBJECTIVES ACHIEVED A YEAR AHEAD

REVENUES €50bn* GROUP OPERATING MARGIN 5%

* Without AVTOVAZ consolidation. Based on bank consensus FX rate at the beginning of 2014.

INVESTOR RELATIONS – FY 2017 PRESENTATION FEBRUARY 16TH 2018 PROPERTY OF GROUPE RENAULT 20 2017 OBJECTIVES OVERACHIEVED & RECORD RESULTS

RECORD SALES RECORD REVENUES RECORD OPERATING PROFIT in million units in billion euros in million euros

3.76 58.8 3,854

3.47 51.2 3,282

2016* 2017 2016 2017 2016 2017

GLOBAL SALES GROUP TURNOVER GROUP OPERATING PROFIT +8.5% +14.7% +17.4% * 2016 including Lada sales

INVESTOR RELATIONS – FY 2017 PRESENTATION FEBRUARY 16TH 2018 PROPERTY OF GROUPE 2017 HIGHLIGHT: NEW STRATEGIC PLAN

2017 - 2022 OBJECTIVES

€70bn 7% €4.2bn REVENUES COP SAVINGS

INVESTOR RELATIONS – FY 2017 PRESENTATION FEBRUARY 16TH 2018 PROPERTY OF GROUPE RENAULT 22 2017 ACHIEVEMENTS: WORLDWIDE PRODUCT LAUNCHES

NEW MODELS

NEW DUSTER

INVESTOR RELATIONS – FY 2017 PRESENTATION FEBRUARY 16TH 2018 PROPERTY OF GROUPE RENAULT 23 2017 ACHIEVEMENTS: WORLDWIDE PRODUCT LAUNCHES

GEOGRAPHICAL EXTENSIONS

KWID CAPTUR ALASKAN

INVESTOR RELATIONS – FY 2017 PRESENTATION FEBRUARY 16TH 2018 PROPERTY OF GROUPE RENAULT 24 2017 ACHIEVEMENTS: IMPROVED REGIONAL MIX

SALES & MARKET SHARES UP IN ALL REGIONS

INVESTOR RELATIONS – FY 2017 PRESENTATION FEBRUARY 16TH 2018 PROPERTY OF GROUPE 2017 ACHIEVEMENTS: IMPROVED REGIONAL MIX

GLOBAL 2017 SALES

EUROPE OUTSIDE 51 49 EUROPE

>100,000 SALES IN 12 COUNTRIES

INVESTOR RELATIONS – FY 2017 PRESENTATION FEBRUARY 16TH 2018 PROPERTY OF GROUPE RENAULT 26 2017 ACHIEVEMENTS: AVTOVAZ RETURN TO OPERATING PROFIT

RETURN TO OPERATING PROFIT

LADA #1 BRAND IN RUSSIA

+17% GROWTH

INVESTOR RELATIONS – FY 2017 PRESENTATION FEBRUARY 16TH 2018 PROPERTY OF GROUPE RENAULT 27 2017 ACHIEVEMENTS: EV LEADERSHIP

+38% WORLDWIDE EV SALES

25% MARKET SHARE IN EUROPE 90,000 ZOE CUMULATED SALES

INVESTOR RELATIONS – FY 2017 PRESENTATION FEBRUARY 16TH 2018 PROPERTY OF GROUPE RENAULT 28 2017 ACHIEVEMENTS: SCALE EFFECTS

CHENNAÏ

CMF-A PLATFORM

INVESTOR RELATIONS – FY 2017 PRESENTATION FEBRUARY 16TH 2018 PROPERTY OF GROUPE RENAULT 29 2017 ACHIEVEMENTS: SCALE EFFECTS

FLINS MEXICO BARCELONA CORDOBA

INVESTOR RELATIONS – FY 2017 PRESENTATION FEBRUARY 16TH 2018 PROPERTY OF GROUPE RENAULT 30 2017 ALLIANCE INITIATIVE: LCV BUSINESS

MARKET 18 MODELS 77% COVERAGE

INVESTOR RELATIONS – FY 2017 PRESENTATION FEBRUARY 16TH 2018 PROPERTY OF GROUPE RENAULT 31 2018 OUTLOOK

OPPORTUNITIES RISKS

. NEW DUSTER . RISING RAW MATERIALS

. ALLIANCE SYNERGIES ACCELERATION . FOREX UNCERTAINTIES

. CONTINUING EMERGING MARKETS RECOVERY . VOLATILITY IN MATURE MARKETS

INVESTOR RELATIONS – FY 2017 PRESENTATION FEBRUARY 16TH 2018 PROPERTY OF GROUPE RENAULT 32 2018 TIV OUTLOOK RUSSIA ~ +10% FRANCE +1% EUROPE +1% CHINA >+5% INDIA +6% BRAZIL >+5% +2.5% * * PC+LCV including USA & Canada GLOBAL TIV

INVESTOR RELATIONS – FY 2017 PRESENTATION FEBRUARY 16TH 2018 PROPERTY OF GROUPE RENAULT 33 2018 OUTLOOK

THE GROUP IS AIMING TO:

. INCREASE GROUP REVENUES* (AT CONSTANT EXCHANGE RATES AND PERIMETER)

. MAINTAIN GROUP OPERATING MARGIN ABOVE 6.0%*

. GENERATE A POSITIVE AUTOMOTIVE OPERATIONAL FREE CASH FLOW

* Excluding IFRS 15 impact

INVESTOR RELATIONS – FY 2017 PRESENTATION FEBRUARY 16TH 2018 PROPERTY OF GROUPE RENAULT 34 03 QUESTIONS & ANSWERS

INVESTOR RELATIONS – FY 2017 PRESENTATION FEBRUARY 16TH 2018 PROPERTY OF GROUPE RENAULT 35 2017 FINANCIAL RESULTS CONFERENCE

INVESTOR RELATIONS – FY 2017 PRESENTATION FEBRUARY 16TH 2018 PROPERTY OF GROUPE RENAULT 36