FINANCIAL RESULTS FOR THE 1st HALF OF 2020

In the context of the health crisis, Group sales fell by 34.9% in the first half (1.26 1 million units sold) in a global market down 28.3% . • As a consequence of this trend, first half revenues amounted to €18.4 billion (-34.3%). At constant exchange rates and perimeter2, the decrease would have been 32.9%. • After taking into account a negative impact of the health crisis estimated at approximately €1.8 billion3, the Group recorded a negative operating margin of -€1,203 million in the first half. • Group operating result stood at -€2,007 million after booking non-recurring charges. • Net income amounted to -€7,386 million and was heavily impacted by Nissan’s negative contribution (-€4,817 million). • Automotive operational free cash flow at June 30, 2020 was negative at -€6,375 million, notably due to the impact of the activity decline on working capital requirement. • On June 30, 2020, liquidity reserves of the Automotive activity showed an improvement of €6.5 billion compared to March 31, 2020 and stood at €16.8 billion. This amount includes the €5 billion credit facility agreement benefiting from the guarantee of the French State. • High level order book at June 30, 2020. • ZOE sales up nearly 50% and very warm welcome for the E-TECH hybrid technology developed by the Group. • The Group is on track to meet its CAFE targets for 2020. • Confirmation of the fixed cost reduction target of €600 million this year. • Given the uncertainties around the health situation, both in Europe and in emerging markets, Groupe Renault estimates that it is not in a position to give a reliable guidance for the full year.