Historical 2023 results - strong improvement of all financials

“Today, Renault Group is posting record results. These results are the outcome of a tremendous teamwork and reflects the success of our Renaulution strategy. Our fundamentals have never been stronger, and we will not stop there. In 2024, we will benefit from an unprecedented number of vehicles launches, showcasing Renault Group's renewal while continuing to optimize our cost structure. At the same time, we are leading at an incredible speed the in-depth transformation of the Group with important steps achieved for our major projects and an acceleration of our EV and software strategy. Our organization brings flexibility and boosts performance. This is a strength in a challenging environment! I would like to thank the teams for these achievements. All together, we are giving birth to a new Renault Group much more efficient and performant which is creating value for all stakeholders.” said Luca de Meo, CEO of Renault Group.

2022 [1]

2023
Initial
guidance

2023 Upgraded
guidance

2023

Change
vs 2022

Group operating margin

5.5%

≥6%

7% to 8%

7.9%

+2.4 pts

Free cash flow

€2.1bn

≥€2.0bn

≥€2.5bn

€3.0bn

+€0.9bn

·• €52.4bn, +13.1% and+17.9% at constant exchange rates vs 2022

•€4.1bn or 7.9% of revenue (+2.4 pts vs 2022), up €1.5bn vs 2022

•or 6.3% of revenue (+3.0 pts vs 2022), up €1.6bn vs 2022

•, up €3.0bn vs 2022

•€3.0bn, up €0.9bn vs 2022

•: €3.7bnat December 31, 2023 (up €3.2bn vs December 31, 2022)

•: 28.5% in2023 vs 12.6% in 2022

·Renault Group back in the spotlight for its customersthanks to the successful renewal of the
line-up. In 2023 and in Europe, Renault Group has 2 vehicles in the Top 3 ofthe best-selling cars and Renault brand has risen from 5^th place to2^nd

·^[2] and the acceleration ofcost reductions will be the drivers for operational performance and strong cashgeneration. Renault Group is aiming to achieve in 2024:

••·of €1.85 will be proposed to the vote of the AnnualGeneral Meeting on May 16, 2024 versus €0.25 per share in respect of 2022financial year (+€1.60 per share)

[1]

[2]10 new vehicleslaunches in 2024 without Renault Duster (outside Europe) and Captur facelift.

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Historical 2023 results - strong improvement of all financials

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