Renault presents its strategy towards a Next Gen automotive company

Building an open partnerships ecosystem to enable future growth:

Solid financial outlook entering in a new era:

“Announcements are a new sign of Renault Group team’s determination to prepare the company for the future challenges and opportunities generated by the transformation of our industry. After having executed one of the fastest and unexpected recovery plans, after having prepared the company for growth by securing the development of the best product line-up in decades, we intend to position ourselves faster and stronger than competition on the new automotive value chains: EV, software, new mobility and circular economy. We focus full-fledged teams on each of the automotive and mobility value chains. We design an agile and innovative organization to manage the volatility and fast technological evolution of our times. Speed, accountability, transparency, and specialization for excellence are the key words. Renault Group is one team of teams, benefiting from simplified governance and digital management platforms boosting collaboration and breaking silos typical of traditional organizations. Allocating up to 10% of the capital to our employees, will contribute to foster a new common culture oriented to value creation. We believe also in cooperation when it comes to invest, create and scale new businesses and technologies. This is the core of our horizontal approach, and the network of partners that are participating in our different projects, is the proof of the quality of our initiatives. All this is one of the most progressive re-engineering projects of the recent years in our industry, a Revolution in its kind“. said Luca de Meo, Chief Executive Officer of Renault Group.

“What the Group has achieved in terms of financial turnaround in just 2 years is outstanding and we will not stop here. We are bringing our non-negotiable fundamentals – value over volume, competitiveness, and capital efficiency – to the next level. This new corporate architecture will allow us to improve our financial performance, targeting benchmark profitability, free cash-flow generation and return on capital employed. By addressing structurally more profitable value chains, it will transform our business mix and create value. Powered by the focus on growing and cash generating businesses, our plan is ambitious but also realistic in the light of the current macroeconomic context. The Renaulution plan foundation is self-financed but will be accelerated by external fundings and partnerships enabling the access to key value chains, to boost growth and innovation while reducing capital requirements. All in all, the Revolution is also financial and aims at creating value for all our stakeholders as illustrated by our dividend policy and our target to reinforce employee shareholding”. said Thierry Piéton, Chief Financial Officer of Renault Group.