UPDATE ON CMF C-D A. ABBOUD PROGRAM DIRECTOR, C-SEGMENT 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 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 website (www.group.renault.com), in the section Finance / Regulated Information.

INVESTOR RELATIONS SCENIC TEST DRIVE SEPTEMBER 26, 2016 2 10 MODEL LAUNCHES IN 2016 -> 8 ON CMF C-D C-D SEGMENT RENEWAL COMPLETED BY YEAR-END -> TOTAL 10 BODIES ON CMF C-D

Renault MEGANE ESTATE - CHINE Renault MEGANE ESTATE Renault KAPTUR

Renault KOLEOS Renault ALASKAN Renault SCENIC Renault GRAND SCENIC Renault MEGANE

INVESTOR RELATIONS SCENIC TEST DRIVE SEPTEMBER 26, 2016 3 REMINDER: CMF & PLATFORMS 2WD SUV

4WD

MPV

SED

H/B

INVESTOR RELATIONS SCENIC TEST DRIVE SEPTEMBER 26, 2016 4 REMINDER: WHAT ARE THE EXPECTED BENEFITS?

PURCHASING ENTRY TICKET -20 to -30% (R&D and CAPEX) -30 to -40%

COST REDUCTIONS

INVESTOR RELATIONS SCENIC TEST DRIVE SEPTEMBER 26, 2016 5 COST REDUCTION ENTRY TICKET(w/o China)

C&D C&D PROGRAM PREVIOUS PROGRAM CMF BASED BODIES 14 10 VOLUMES (Life cycle) ~5m ~5m ~ € 5 bn

~ € 3 bn

C-D SEGMENT C-D SEGMENT PREVIOUS CMF C-D

INVESTOR RELATIONS SCENIC TEST DRIVE SEPTEMBER 26, 2016 6 CMF C-D: IMPROVED COST STRUCTURE CMF COST BENEFITS

CMF GAIN CUSTOMER VALUE

REGULATION, SAFETY & OTHER COSTS

PREVIOUS NEW

Better cost structure permits higher customer value

INVESTOR RELATIONS SCENIC TEST DRIVE SEPTEMBER 26, 2016 7 LEVERAGING CMF C-D A NEW STEP TOWARDS GROUP OPERATING MARGIN >5%*

PROFITABILITY

C&D SEGMENT

PREVIOUS NEW GENERATIO GENERATIO N N

* Measured in 2017

INVESTOR RELATIONS SCENIC TEST DRIVE SEPTEMBER 26, 2016 8 SCENIC PRESENTATION C. MECHAI CHIEF MARKETING MANAGER, C-SEGMENT ▕ Scenic Saga Success▕

4 913 368

2 257 551 1 650 000 1 005 817

SCENIC I SCENIC II SCENIC III TOTAL (à finYTD mai 05/16 2016)

5 million car sold in 20 years ▕ European C-segment trends by body type ▏

3,000,000

2,500,000

2,000,000 Hatch Crossovers / 4x4s 1,500,000

1,000,000 MPVs

500,000

Three-volume saloons Coupes Cabriolets 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 ▕ Competitors ▏

Citroën C4 Picasso VW Golf Sportsvan Ford C-MAX BMW Tourer Mercedes B-Class

Citroën Grand C4 Picasso VW Touran Ford Grand C-MAX BMW Gran Tourer Peugeot 5008 Tourer

▕ New Scenic Price Policy [ France – Business versions]▕ List Price List

NEW Comp. Comp. Comp. Comp. SCENIC 2 3 4 5 Business ▕ Residual value Corporate Forecast [France] : Top 2▕

Residual Value 36 months /90 000 km

NEW Comp. Comp. Comp. Comp. SCENIC 2 3 4 5 Business ▕ TCO at market level [France]▕

Comp. Comp. Comp. Comp. 3 5 2 4

Estimated TCO 36 months/90 000 km - versions dCi 110HP or eqvlt SMR = Service Maintenance Repair ENERGY

dCi 95 dCi 110 dCi 110 MT6 MT6 MT6 ECO2 HYBRID ASSIST

dCi 110 dCi 130 dCi 160 EDC7 MT6 EDC6 ENERGY

TCe 115 TCe 130 MT6 MT6

▕ Leading the way in CO2 thanks to a 92g Hybrid Assist▕

CO2

150

140

130 Petrol

120 Diesel

110

100

90

Comp. Comp. Comp. Comp. Comp. 6 2 3 7 5 NEW SCENIC ▕ In a nutshell▕

 A 4th Generation with 2 new cars (Short & Long Version) after 20 years success

 A breakthrough design, smart modularity and latest technology

 A wide engine range with a new Hybrid assist Technology at 92g CO2

 An increased Residual Value

 Manufactured in , France BUSINESS UPDATE C. DELBOS EVP, CFO TIV EVOLUTION JULY & AUGUST 2016 (VS 2015)

FRANCE -1.5% GERMANY +2.8% WORLD* UK +0.9% RUSSIA -17.3% TIV +4.6% SPAIN +8.2% TURKEY -21.8% EUROPE ITALY +12.5% TIV +4.0% EURASIA TIV -17.1% AFRICA-ME-INDIA ALGERIA -12.5% IRAN +55.6% TIV +7.7% AMERICAS TIV -2.1% INDIA +14.6% ASIA-PACIFIC TIV +12.3% BRAZIL -15.8% ARGENTINA +15.4% COLOMBIA -18.8% * PC+LCV including USA & Canada

INVESTOR RELATIONS SCENIC TEST DRIVE SEPTEMBER 26, 2016 22 RENAULT GROUP UNIT REGISTRATIONS JULY & AUGUST 2016 (vs 2015)

WORLD MARKET SHARE: 3.24% (+0.28 pts) K units (PC+LCV) 447 390

222 203

86 64 65 59 52 44 19 22

2015 2016 2015 2016 2015 2016 2015 2016 2015 2016 2015 2016

GLOBAL EUROPE EURASIA AFRICA-ME-INDIA AMERICAS ASIA-PACIFIC GROUP +14.6% +9.5% -12.7% +93.5% +1.1% +16.1% TIV +4.6% +4.0% -17.1% +7.7% -2.1% +12.3%

INVESTOR RELATIONS SCENIC TEST DRIVE SEPTEMBER 26, 2016 23 TIV EVOLUTION YTD AUGUST 2016 (VS 2015)

FRANCE +7.0% GERMANY +6.3% WORLD* UK +2.7% RUSSIA -14.9% TIV +3.3% SPAIN +11.5% TURKEY -5.0% EUROPE ITALY +18.7% TIV +8.3% EURASIA TIV -11.2% AFRICA-ME-INDIA ALGERIA -49.6% IRAN +5.4% TIV -2.5% AMERICAS TIV -6.4% INDIA +7.3% ASIA-PACIFIC TIV +6.6% BRAZIL -22.8% ARGENTINA +8.5% COLOMBIA -14.1% * PC+LCV including USA & Canada

INVESTOR RELATIONS SCENIC TEST DRIVE SEPTEMBER 26, 2016 24 RENAULT GROUP UNIT REGISTRATIONS YTD AUGUST 2016 (vs 2015)

WORLD MARKET SHARE: 3.45% (+0.32 pts) K units (PC+LCV) 2 015 1 772

1 191 1 052

295 218 217 195 228 223 78 89

2015 2016 2015 2016 2015 2016 2015 2016 2015 2016 2015 2016

GLOBAL EUROPE EURASIA AFRICA-ME-INDIA AMERICAS ASIA-PACIFIC GROUP +13.7% +13.2% -0.6% +50.7% -1.9% +13.6% TIV +3.3% +8.3% -11.2% -2.5% -6.4% +6.6%

INVESTOR RELATIONS SCENIC TEST DRIVE SEPTEMBER 26, 2016 25 H2 2016 RISKS & OPPORTUNITIES

. BREXIT . NEW PRODUCTS IN EUROPE . R&D COSTS . NEW SEGMENT COVERAGE IN EM . SUPPLY . LOWER LAUNCH COSTS

INVESTOR RELATIONS SCENIC TEST DRIVE SEPTEMBER 26, 2016 26 OUTLOOK 2016

. In 2016, the global market is expected to record growth around 1,7% compared to 2015. The European market, as well as the French one, are now expected to increase by at least 5%.

. Outside Europe, the Brazilian and Russian markets are expected to decline : - 15% to -20% for Brazil and -12% for Russia. On the contrary, China (+4% to +5%) and India (+7% to +9%) should pursue their positive momentum.

THE GROUP* CONFIRMS ITS FY 2016 GUIDANCE :

. Increase group revenues (at constant exchange rates)

. Improve group operating margin

. Generate a positive Automotive operational free cash flow

* at constant scope of consolidation

INVESTOR RELATIONS SCENIC TEST DRIVE SEPTEMBER 26, 2016 27