20080402-socgen isr roadshow
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RENAULT SRI ROADSHOW, LONDON APR. 2ND, 2008
Guillaume VAUDESCALSRI IR
2APRIL 2ND 2008
SOCIAL PERFORMANCE0102
AGENDA
03 ENVIRONMENT : POLLUTANTS & RECYCLING
ENVIRONMENT : CO2
3APRIL 2ND 2008
01 SOCIAL PERFORMANCE
4APRIL 2ND 2008
THE BASIS OF THE SOCIAL POLICY :THE DECLARATION OF SOCIAL FUNDAMENTAL RIGHTS
! Signed in 2004 by Group Committee, trade unions, and tier-1 suppliers
5APRIL 2ND 2008
THE BASIS OF THE SOCIAL POLICY : THE DECLARATION OF SOCIAL FUNDAMENTAL RIGHTS
! Health, safety and working conditions Renault considers EU standards as the benchmark for preventing occupational accidents. These standards are the basis of the Group's policy on working conditions, implemented at all sites worldwide.
! No child labor Renault agrees not to employ children below the school-leaving age or, in any case, under the age of 15.
! No forced labor Renault condemns forced or compulsory labor in any form, and agrees not to make use of it.
6APRIL 2ND 2008
ACTIONS
! Early retirement programs (CASA, Spain…)! Commitment on work force balance (e.g. transfer from
Douai to Maubeuge)! Employers grouping (North of France)! Diversity workgroup (implies senior hiring)! Ergonomics : ability to have seniors and disabled
people
7APRIL 2ND 2008
1946
8APRIL 2ND 2008
1989
9APRIL 2ND 2008
2007
ENVIRONMENT : CO202
11APRIL 2ND 2008
! CO2 is key driver of environmental policies
! The EU is more severe on CO2 regulation and taxes
! The US had to accelerate on CO2
! Outside EU, dieselization is on the move
CO2 REDUCTION: A GLOBAL ACCELERATION
12APRIL 2ND 2008
"
2007-2008
Annual tax Reg. tax0
10
20
30+
0
20
40
80+
€/gCO2 / year €/gCO2
EU COUNTRIES INCREASE THE CO2 CUSTOMER VALUE WITH TAXES
" : project
Annual or Registration taxes based on CO2 / FE criterion :
Average indicative cost of one additional gCO2/km on mid-market [100g-200g CO2/km]
13APRIL 2ND 2008
B-segmentB-segment
C-segmentC-segment
D-segmentD-segment
SUVSUV
A-segmentA-segment
THE BIG MIX SHIFT – French segment evolution
14APRIL 2ND 2008
2012 / 2015 EUROPEAN CO2 REGULATION PROJECT
In December 2007 European Commission project on CO2 regulation broken up in :! 130g CO2/km vehicle technologies OEM CAFE in 2012! 10g CO2/km « additional measures » :
# Efficient air conditioning# Tire pressure monitoring# Low rolling resistance tire# Gear shift indicator# Biofuels compatible cars# Other measures : CO2 taxation reinforcement# Modification of labeling directive
15APRIL 2ND 2008
averagecustomer
value:*2004 : 24 €/g2012 : 52 €/g
1g CO2/km
CUSTOMER VALUE OF CO2 REDUCTION
Fuel consumption
CO2 National Taxations*Value is based on fuel savings over life of the vehicle, plus impact of CO2 taxes
16APRIL 2ND 2008
POSITIONING TECHNOLOGIES ACCORDING TO CO2 VALUE …
0%0€/g
2% 4% 6% 8% 12% 14% 16% 18% 20%
20€/g
40€/g
60€/g
100€/g
80€/g
10%
Customer value
52€/g/km
62€/g/km
82€/g/km
Vehicle managementPowertrain technologies
CO2 benefit
Confidentiel Renault
17APRIL 2ND 2008
PICK UP THE RIGHT OPTIONS
0%0€/g
10% 20% 30% 40% 60% 70% 80% 90% 100%50%
Customer value
100€/g
200€/g
300€/g
400€/g
Vehicle managementPowertrain technologiesHEV & EV
52€/g/km62€/g/km82€/g/km
CO2 benefit
Confidentiel Renault
18APRIL 2ND 2008
HEV IS NOT YET A CASE
USA
Europe
~ 37 000
~250 000Japan
~80 000
HEV 2006 SALES(compared to 60M vehicles)
19APRIL 2ND 2008
RENAULT ECO²3 CRITERIA FOR ECOLOGICAL & ECONOMICAL VEHICLES
& &
Low fuel consumption, tax management, affordabilityto a wide majority of customers supported by the ecological efficiency.
Below 140 g/CO2or biofuel-compatible
Produced in anIso-14001-certified plant
PRODUCTION
95% reusable by weight &at least 5% of recycled plastics
END-OF-LIFECO2 EMISSIONS
Ecological & Economical
20APRIL 2ND 2008
0
200
400
600
800
1,000
1,200
2000 2001 2002 2003 2004 2005 2006 2007 2008
1,000,000
1/3 emitting less than 120 g/km CO2
1 million vehicles emitting less than 140 g/km CO2 in 2008
42 versions42 versions
16 versions16 versions
121-140101-120
European Union sales(thousand vehicles)
ENVIRONMENTA WIDE OFFER UNDER 140 g/km CO2
122 versions122 versions
35 versions35 versions
333,333
Emission level (g/km CO2)
21APRIL 2ND 2008
Breakdown of CO2 classes by carmakers2007 – EU 15
22APRIL 2ND 2008
CO2 EMISSION REDUCTION ISA CHALLENGE AND AN OPPORTUNITY FOR RENAULT
! Kaizen:! Compact cars
! Aerodynamics! Losing weight : Laguna 3 67kg lighter than Laguna 2! Gearbox : 6-shift gearbox on small cars too
! Efficient diesel! Downsized gasoline turbo
! Breakthroughs: ! Electric Vehicle! Hybrid electric vehicle
! Fuel cells
! leverage
23APRIL 2ND 2008
Diesel 2.0 dCi 130, 150 & 175hp Leader in performance & driving pleasurePerforming, Silent, Economical & Clean
Diesel 1.5 dCi 110hpLeader in consumption & CO2 emissionsin this market segment
ALLIANCE
ALLIANCE
RENAULT
Petrol 2.0L 16v 140hpSilent, smooth & Dynamic
Petrol 3.5L V6 24v 245hpPerforming & smooth
NISSAN
Engine Origin
ENVIRONMENTAL COMPETITIVENESS
ELECTRIC VEHICLE PROJECT
25APRIL 2ND 2008
OIL REFINEMENT
OIL
100,000YEARS
SOLAR ENERGY
GAS STATION
CO2
CHANGE FROM OIL CYCLE
26APRIL 2ND 2008
OIL REFINEMENT
OIL
100,000YEARS
SOLAR ENERGY
GAS STATION
CHANGE FROM OIL CYCLE TO SOLAR CYCLE
SOLAR ENERGY
15 m²
15,000 km a yearCO2
Zero emission
A ZERO EMISSION CAR IS TECHNICALLY FEASIBLE
27APRIL 2ND 2008
WHY NOW?! CO2 value increases
! LITHIUM-ION battery :! Safety of use! Cost
28APRIL 2ND 2008
START OF THE ELECTRIC VEHICLE PROJECT : ISRAEL
Why Israel?$Government subsidies on zero
emission vehicles #60% minimum until 2015#30% minimum until 2019
$Small, compact country
$High-Tech industry
$cooperation with “Project Better Place” that will develop the charging network
50Km50Km
29APRIL 2ND 2008
WHY AN ELECTRIC VEHICLE?
EuropeanEuropean marketmarket
Ecological and Economical for a multi-purpose daily use
… living in the urban centers(17%)
… Households possessing at least one vehiclenot used for holidays or week-ends (29%)
Elec. Vehicle target
ENVIRONMENT : POLLUTANTS & RECYCLING03
31APRIL 2ND 2008
REACH REGULATION
!Chemicals control and substance data management already in the Renault culture for years
!Special 6 people project team dedicated to REACH compliance at Renault
!ACEA+Japanese & Korean automotiveassociations grouping as a taskforce
32APRIL 2ND 2008
0,7HydroCarbon g/km
NOx g/km
CO g/km
Particulates g/km
Euro 2
Euro 3
0,70,08
1,0
Euro 4
Euro
6 Euro5
Euro 11993 1996 2000
Euro 22005
Euro 3 Euro 42010
Euro 52015
Euro 6
DECREASE BOTH CO2 AND POLLUTANTS EMISSIONS
(Nitrogen Oxyds)
33APRIL 2ND 2008
EURO5 AND EURO6 TECHS
! Euro5 : ! Particulate filter on Diesel engines
! Euro 6 :! NOx traps, EGR Exhaust Gas Recirculation
34APRIL 2ND 2008
RECYCLING : ELV EUROPEAN REGULATION
! EU target : effective recovery of 95% of all vehicles by 2015! JV with SITA to speed up ELV treatment! SITA, a Suez subsidiary, is Europe's leading global waste
management specialist.! Renault and SITA France will both take control of INDRA, a
network of 200+ certified vehicle dismantling business throughout France.
35APRIL 2ND 2008
RECYCLING! Production phase : The amount of packaging waste per
vehicle dropped 50% between 1996 and 2006. ! Increase the use of recycled plastics (target of 50 kg (i.e. 20
to 25%) by 2015)
36APRIL 2ND 2008
40
50
60
70
80
90
100Best score 2007 DJSI
Renault positioning (SAM score/ 100)
2007 Results 2006 Results
Economy Environment Social Global
OEKOM RESEARCHRenault (ranking over 17 OEMs)
0
1
2
3
4
5
6
7 GlobalEnvironmentSocial
2004
20052006
6th in 2000
2nd in 2003
1st in 2006
2007
PROVEN AND WIDELY ACKNOWLEDGED RESULTS
QUESTIONS & ANSWERS
Guillaume VAUDESCALSRI IR
38APRIL 2ND 2008
! QUALITYNew Laguna in the Top 3 models of its category in quality.
! PROFITABILITY6% operating margin in 2009.
! GROWTH+ 800,000 vehicles between 2005 and 2009strongest period of growth in the history of Renault.
39APRIL 2ND 2008
THE RENAULT BOARD
40APRIL 2ND 2008
THE BASIS OF THE SOCIAL POLICY : THE DECLARATION OF SOCIAL FUNDAMENTAL RIGHTS
! Equal opportunitiesRenault agrees to combat all forms of discrimination and to promote the integration of people in difficulty.
! JobsRenault has a commitment to protect jobs. In the event of reorganization or restructuring, it agrees to help employees and, where possible, to find other jobs for them within the Group.
! The right to trainingRenault ensures that all employees have access to training throughout their careers.
! Working hours and the right to paid holidaysIn compliance with national legislation, Renault is implementing a policy based on the adjustment of working hours. It also grants paid holidays to all employees.
! Salaries and wagesRenault recognizes the principles of fair compensation for work and equal pay for equal work.
! Employee representationRenault seeks to ensure that all personnel are represented. It places particular importance on trade union rights and the freedom of association.
! Supplier relationsRenault encourages its suppliers to observe these fundamental principles. Their commitment to preventing occupational risk and to banning child labor and forced labor will be considered a selection criterion.
No affirmative action : criteria based on competenciesExample : non-working day atDouai=>workers sent to Maubeuge (circ. 70km)
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