2005 ANNUAL REPORT - Renault

Renault-Nissan Alliance sales outside top three markets
The Renault-Nissan
Alliance
Outside the world's three largest automobile markets,
which are North America, Western Europe and Japan,
sales showed a general rise in all regions. Asia-Pacific
turned in a particularly strong performance, with China
and South Korea the main sources of momentum,
and Central and Eastern Europe, especially Romania
and Russia, also doing well.
‘000 units sold 2005 2004 Change 2005/2004
‘000 units %
Central and Eastern Europe 484 414 70 16.9%
Middle East and Africa 287 248 39 15.7%
Latin and South America 483 449 34 7.6%
Asia-Pacific 667 503 164 32.6%
Total rest of the world 1,921 1,614 307 19.0%
Alliance key performance indicators
Since 2003, Renault has published a number of key
performance indicators broadly quantifying
the economic significance of the Renault-Nissan
Alliance 1 .
Renault and Nissan cooperate in the fields of vehicle
and powertrain development, purchasing, production
resources and distribution. In 2005, Renault sales
to Nissan were an estimated 51,060 million
and Renault purchases from Nissan an estimated
51,200 million. These intercompany transactions
have been eliminated to produce the revenue
indicator.
In 2005, the operating profit margin of the Alliance
amounted to 57.4 billion, representing 7.1%
of combined revenues.
Renault-Nissan Alliance revenues in 2005
r million 2005
Renault 41,338
Nissan 1 66,072
Eliminations (2,260)
Renault-Nissan Alliance 105,150
Operating margin, operating income and net income in 2005 (*)
r million Operating Operating Net
margin income income 3
Renault 1,323 1,514 1,178
Nissan 2 6,100 7,856 5,186
Renault-Nissan
Alliance 7,423 9,370 6,364
(*) Intercompany transactions impacting the indicators are minor and have therefore not been
eliminated.
1 - The specificity of the Alliance means, among other things, that Renault and Nissan’s assets and liabilities cannot be combined. Consequently, these data
do not correspond to a consolidation as defined by generally accepted accounting principles. Information concerns the two groups in the period from January 1
to December 31, 2005 and is presented in accordance with the accounting policies applied by Renault in 2005. Data concerning Nissan reflect the impact
of the adjustments for fair value applied by Renault on the occasion of acquisitions in 1999 and 2002. Other indicators, in particular key balance sheet items,
will be published in Renault's registration document.
2 - Converted at the average exchange rate for 2005, which is r1 to ¥136.80.
3 - Renault net income shown above does not include Nissan's contribution, nor does the net income figure for Nissan include Renault's contribution.
2005 Renault Annual Report
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