Renault Group Midterm Plan "futuREady" Conference Call Summary Company Overview - **Company**: Renault Group - **Plan**: "futuREady" - **Duration**: Midterm plan focusing on growth, profitability, and operational excellence Key Points and Arguments Industry Positioning - Renault aims to become the reference European OEM, focusing on growth and product innovation across three brands [2][5] - By 2030, Renault plans to launch **36 new models**, including **22 in Europe** and **14 in international markets** [10][18] Growth and Revenue Expectations - Total revenue is expected to grow at a **mid-single-digit rate** over the midterm [3] - Targeting a sustainable group operating margin of **5%-7%** of revenue from 2026 onwards [4] - Aiming for strong automotive free cash flow of **EUR 1.1 billion-1.5 billion** per year on average, more than twice historical performance [4] Product and Technology Development - Focus on developing and mastering technologies in electric vehicles and AI-driven cars [2] - Commitment to **50% electric and 50% full hybrid** sales for Renault Brand by 2030 [10] - Introduction of a new **EV platform** and **full hybrid powertrains** to enhance electrification [16][42] Operational Excellence - Quality improvement initiatives have reduced quality incidents by **50%** over the last five years, with a goal to reduce incidents by another **50%** in the next three years [3][54] - Plans to cut production hours per unit by **30%** and reduce variable costs by **EUR 400** per vehicle per year [51][56] Customer Experience and Engagement - Aiming for **80% customer loyalty** over a 10-year vehicle lifecycle, leveraging AI and digital solutions for personalized customer interactions [39][40] - Development of a digital twin for cars and customers to enhance service and maintenance [39] Sustainability and ESG Goals - Commitment to achieving **net zero** in Europe by **2040** and globally by **2050** [63] - Targeting **30% recycled content** per car and focusing on circular economy initiatives [63][64] Brand-Specific Strategies - **Renault Brand**: Focus on European leadership and electrification with 12 new models by 2030 [14] - **Dacia**: Emphasis on value for money, launching **4 electric vehicles** by 2030, and maintaining a strong market presence [26][27] - **Alpine**: Aiming to redefine the brand with a focus on high-performance electric sports cars, targeting **11,000 sales in 2025** [31] Additional Important Insights - Renault's strategy includes a **balanced geographical approach**, focusing on both European and international markets, particularly in fast-growing regions like India and South America [9][10] - The company is adopting a **de-risked business model** to mitigate exposure to challenges faced by competitors in the Chinese and U.S. markets [9] - The introduction of **AI and digital technologies** is central to enhancing operational efficiency and customer engagement [39][49] This summary encapsulates the key points from Renault Group's midterm plan conference call, highlighting the company's strategic direction, growth expectations, and commitment to innovation and sustainability.

Core Insights - Renault Group held its Annual General Meeting on April 30, 2025, where all resolutions were adopted, highlighting the success of the Renaulution strategic plan and the Group's commitment to sustainability and employee engagement [2][5][7] Group Transformation and Strategy - The Group aims for deep transformation with a long-term vision, focusing on employee empowerment and value sharing as key priorities [3] - The transformation has led to historic results, with the best product range in three decades and a commitment to innovation and adaptability [4] Shareholder Engagement - A total of 12,212 shareholders participated in the meeting, representing 213,891,381 shares and 307,753,860 voting rights, achieving a quorum of 74.04% [5] - A dividend of €2.20 per share was approved, marking a 19% increase from the previous year, with a payout ratio of 21.5% [6][7] Employee Involvement and Welfare - The company has distributed over €2.3 billion to employees since the start of the Renaulution plan, emphasizing a proactive policy focused on rewarding employee investment [6] - Renault Group launched a unique employee share ownership plan, allowing over 90% of employees to become shareholders, increasing employee-held capital from 3.6% to 5.63% [9] Health and Training Initiatives - The Group introduced the OneHealth program to ensure equitable access to quality care for employees, aiming for 100% coverage by June 2025 [10] - The "ReKnow University" was established to provide training in key areas such as electrification and cybersecurity, having trained nearly 40,000 individuals since 2021 [12] Economic Commitment - Renault Group has invested over €14 billion in France since 2020 to modernize its sites and support local economies, creating approximately 30,000 indirect jobs within the supplier network [13][14] - The Group sold 2.265 million vehicles in 2024 and employs over 98,000 people, reinforcing its commitment to sustainable mobility solutions [16]