Groupe Renault - 2020 Universal Registration Document

307 GROUPE RENAULT I UNIVERSAL REGISTRATION DOCUMENT 2020 03 COMPENSATION OF DIRECTORS AND CORPORATE OFFICERS GROUPE RENAULT GROUPE RENAULT: A COMPANY THAT ACTS RESPONSIBLY CORPORATE GOVERNANCE FINANCIAL STATEMENTS RENAULT AND ITS SHAREHOLDERS ANNUAL GENERAL MEETING OF RENAULT ON APRIL 23, 2021 ADDITIONAL INFORMATION Compensation components submitted for approval Amounts paid during the past financial year Amounts awarded in respect of the past financial year or book value Presentation Achievement rate of the criteria of the annual variable compensation for the 2020 financial year (expressed as a percentage of the annual fixed compensation): Maximum % Awarded % Quantifiable criteria 100% 20% Group operating margin (Group OM) 30% 0% Free cash-flow (FCF) 30% 0% Group Revenues 20% 0% CO 2 emissions 20% 20% Qualitative criteria 50% 44.43% Renault-Nissan-Mitsubishi Alliance 16.66% 16.66% Quality of CSR commitments 16.66% 16.66% Customer satisfaction / Quality 16.66% 11.11% TOTAL 150% 64.43% Assessment of the achievement of the performance criteria Quantifiable criteria related to financial performance 1. 20% (out of a maximum of 100%) of the quantifiable criteria were met, according to the following breakdown: 0% (out of a maximum of 30%) for the Group operating margin criterion. P Group operating margin was 3.7% in the 2020 budget and the actual Group operating margin for 2020 was -0.8%; 0% (out of a maximum of 30%) for the free cash flow (FCF) criterion. P FCF (before restructuring costs) was €150 million in the 2020 budget and amounted to €-4,212 million as at December 31, 2020; 0% (out of a maximum of 20%) for the Group revenues criterion. P Revenues were €55,5 billion in the 2020 budget and amounted to €43,5 billion for 2020; 20% (out of a maximum of 20%) for the CO 2 emissions criterion (CAFE regulation). P The Group's CAFE performance in 2020 was 102.72g, (these results should be consolidated and formalized by the European Commission in the coming months), below the regulatory ceiling of 103.46g. Qualitative criteria 2. The achievement rates of the qualitative criteria should be assessed in the context of the Covid-19 pandemic, which rendered this exercise very complicated. 44.43% (out of a maximum of 50%) of the qualitative criteria were met, according to the following breakdown: Renault-Nissan-Mitsubishi Alliance: 16.66% (out of a maximum of 16.66%) a) All indicators related to this criterion have been met or exceeded: Meetings of the Alliance Operating Board: despite an environment severely P disrupted by the pandemic and the priority given by each company of the Alliance to optimise its own cost structure as quickly as possible, work meetings of the Alliance Operating Board have been maintained in order to make further progress on ongoing joint projects. The number of meetings scheduled has therefore been reached. Due to health restrictions, these meetings were held by videoconference, but they kept the momentum of the projects under consideration. In particular, the Board valued the presentation of the Alliance's new cooperation model by the management teams of the 3 companies to journalists and analysts on May 27, 2020 in Paris, Yokohama and Tokyo. On the recommendation of the Governance and Compensation Committee, the Board has considered that this indicator has been achieved; Implementation of leader/follower projects: the leader/follower concept, which P leads to a rationalisation of the financial efforts allocated to developments, was announced in January 2020. The portfolio of joint projects was presented in May 2020 and since then this model has continued to be deployed. A certain number of technical developments (platforms, components, electronic architectures, etc .) have been reviewed in order to integrate them into this approach. On the recommendation of the Governance and Compensation Committee, the Board considered that the number of projects reviewed met the expectations and considered that this indicator had been achieved; Formalization of the regional optimization plans: the formalization of a P geographical optimisation plan was carried out. The members of the Alliance explored the rationalisation of regional structures in order to assess their potential advantages and disadvantages and determine which ones would be the most meaningful. On the recommendation of the Governance and Compensation Committee, the Board considered that the formalization process was consistent with the commitments;