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Renault Group PRESS RELEASE JULY 30 , 2021 2021 first half results Renault Group is ahead of its « Renaulution >> plan • Renault Group should achieve its target of € 2 billion cash fixed cost reductions one year ahead of schedule : € 1.8 billion have already been achieved of which € 0.6 billion during this first half compared to 2019 . • Strong positive net price effect ( +8.7 points on the Automotive excluding AVTOVAZ revenues ) , reflecting the implementation of the new commercial policy as part of " Renaulution " . • Group operating margin at 2.8 % compared to -6.5 % in the first half of 2020 . • Positive Automotive ( including AVTOVAZ ) operating margin improving by more than € 1.7 billion compared to the first half of 2020 , despite the pandemic and the components crisis . • Global sales up 18.7 % in the first half of 2021 compared to the first half of 2020 but still down -24.2 % compared to the first half of 2019 . • Group revenues up 26.8 % at € 23.4 billion . • Net result positive at € 368 million . • Automotive operational free cashflow close to breakeven ( - € 70 million ) . • Reduction of the Automotive net debt by € 0.8 billion and Automotive liquidity position at € 16.7 billion at June 30 , 2021 . • Despite the uncertainties in demand , the continuing negative effects of the components crisis which could lead to a production loss of about 200,000 units over the year and rising raw materials prices , Renault Group is aiming to reach a full year operating margin rate of the same order as the one of the first half . • In line with environmental challenges , the Group's ambition is to achieve carbon neutrality in Europe by 2040 and confirms it is on track to meet its CAFE target in 2021 . Luca de Meo , CEO of Renault Group declared : << these results are the fruits of our strategic Renaulution plan , focused on profitability . They mark only the first step in our turnaround , which should accelerate with the arrival of the new vehicles in preparation . I would like to thank all our employees for their commitment in achieving these results >> . Clotilde Delbos , CFO of Renault Group declared : << we have taken an important step in the restoration of our key financial indicators , notably thanks to the return close to breakeven of our free cashflow this semester . Our strong liquidity position allows us to pursue our recovery with serenity >> . RENAULT PRESS media.renault@renault.fr mediarenault.com 1