Renault Half-Year Report 2023

• Strong 2023 H1 results:

• Group revenue: €26.8bn, +27.3% vs 2022 H1
• Record profitability:
o Group operating margin: 7.6% of revenue (+3.0 points vs 2022 H1), more than doubled in value at €2bn vs 2022 H1
o Automotiveoperating margin: 6.2% of revenue (+4.1 points vs 2022 H1), more than tripled in value at €1.5bn vs 2022 H1
• Net income: €2.1bn, +€3.8bn vs 2022 H1
• Record free cash flow: €1.8bn including a €0.6bn dividend from Mobilize Financial Services,
+€0.8bn vs 2022 H1 driven by a strong operational performance
• Solid Automotive net cash financial position: €2.2bn at June 30, 2023 (+€1.6bn vs December
2022)
• Breakeven point lowered by 50% vs 2019 H1

Automotive revenue stood at €24,850 million, up 27.0% compared to 2022 H1. Itincludes 3.2 points of negative exchange rates effect mainly related to the Argentinean peso and the Turkish lira devaluation. At constant exchange rates, it increased by 30.2%. Volume effect stood at +15.0 points thanks to the commercial success of vehicles combined with an improved availability of electronic components. Invoices outperformed sales because of the high level of vehicles still in transit between our plants and our final customers due to remaining outbound logistic tensions in the first half.

The price effect, positive by +8.8 points, continued to be very strong and reflects the Group’s commercial policy focused on value over volume, as well as price increases to offset cost inflation, and an optimization ofcommercial discounts.