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1RENAULT RESTRICTED BNOVEMBER 2017INVESTMENT ANALYSTS MISSION - AMERICAS
RENAULT
AMERICAS
RENAULT RESTRICTED B 2NOVEMBER 2017INVESTMENT ANALYSTS MISSION - AMERICAS
AGENDA
01 DRIVE THE FUTURE O. MURGUET
02 CUSTOMER G. LE-MERRER
03 MARKET & PRICING R. GONDO
04 RCI G. LECERF
05 REGULATORY F. LIMA
06 SUPPLIERS R. POSTEMA
07 Q&A
RENAULT RESTRICTED B 3NOVEMBER 2017INVESTMENT ANALYSTS MISSION - AMERICAS
O. MURGUET
SVP CHAIRMAN OF AMERICAS REGION
01 DRIVE THE FUTURE
4RENAULT RESTRICTED BNOVEMBER 2017INVESTMENT ANALYSTS MISSION - AMERICAS
3,6 2,0 3,1
7,05,4
7,6
2013 2016 2022
RENAULT 2X FASTER THAN MARKET
REGIONAL PILLARS
BRAZIL
LATAM
2016 PROFIT: Among Best in Class in LATAM
2022 PROFIT: Operating Profit x3
Brazil 2X from 2017 to 2020UNPRECEDENTED PRODUCT OFFENSIVE
ROBUST REGIONAL MODEL
ENLARGED CUSTOMER BASE
TIV RECOVERY +40%
BRAZIL +60%
DRIVEN BY A PROFITABLE BUSINESS MODEL
Vol (Mu)
+ 60%
VOLUME +80%
TOP PLAYER IN BRAZIL @ 10% MS
354
>6006,5%
8,6%
0,0%
2,0%
4,0%
6,0%
8,0%
10,0%
50
150
250
350
450
550
650
750
2016 2022
BRAZIL
LATAM 2X 150 | 7,5 %
302 | 10 %
Vol (ku) | MS %
- 44%
5RENAULT RESTRICTED BNOVEMBER 2017INVESTMENT ANALYSTS MISSION - AMERICAS
UNPRECEDENTED PRODUCT OFFENSIVE
ONE REGIONAL MARKET, ONE LINE UP, LOCALLY PRODUCED
FULL
SUV
FULL
LCV
FULL
ACCESS
FULL PWT &
CONNECTIVITY
CURRENT RANGE
CAPTUR DUSTER STEPWAY
MASTER OROCH ALASKAN
LOGAN SANDERO
2 New Engines
2 New GearboxesNew *IVIMEDIA NAV2 Pedals
CVT
KWID
*In-Vehicle Infotainment
1 Facelifts | 1 New Car
3 Facelifts | 3 New Cars
2 Facelifts | 2 New Cars
New 3 Cylinders 1.0 New 4 Cylinders 1.6
KANGOO
MTP 2018 - 2022
6RENAULT RESTRICTED BNOVEMBER 2017INVESTMENT ANALYSTS MISSION - AMERICAS
ROBUST REGIONAL MODEL
LATAM-BASED MONOZUKURI
REGIONAL MULTI & CROSS SOURCINGFLEXIBILITY TO MANAGE VOLATILE MARKET DYNAMICS
* ALLIANCE standard 3 Shifts – 5000 hours / year
PLANTS FULLY UTILIZED * & MODERNIZED
56%97%
2016 2022
Close to customer needs
Operation @ Worldwide level
95%Sales manufactured in the region
40%Production exported in 2022
(Multiple free trade agreements)
900Local Engineers
Productivity +25%Increasing automation
Plant % Utilization
LOCAL
RNPO
Deep Local Integration
Efficient Cost Management
Platform / PWT Alliance Synergies
INCREASED LOCAL MANAGEMENT
6 Nationalities(ARG, BRA, COL, FRA, NED, MEX)
RTA
RTA
RTA
RTA
RTA
RENAULT
DIGITAL 40%Latin Executives (o/w 2 CEOs)
7RENAULT RESTRICTED BNOVEMBER 2017INVESTMENT ANALYSTS MISSION - AMERICAS
RENAULT PRODUCTION IN LATAM
Colombia
Sandero Logan Stepway Duster
Capacity: 79 k/Year
Chile
Argentina
Capacity:500 k/Year
Sandero Logan
Capacity: 151 k/Year
FluenceKangoo
Brasil
Sandero Logan Stepway Duster
Duster
Oroch
Captur Master Kwid
1.6 16V
K4
1.6 8V
K7
1.0
SCe
1.6
SCe
Capacity:
CVP (PC) 320 k/Year
Cars Engines Gearboxes Light Commercial Veh.A COMPLETE AND INTEGRATED SYSTEM(Ref. 2017 – 3 shifts capacity)
CVU (LCV) 60 k/Year
CMO (engines) 500 k/Year
8RENAULT RESTRICTED BNOVEMBER 2017INVESTMENT ANALYSTS MISSION - AMERICAS
19%
45%
35%
INCREASE C & A-ENTRY COVERAGE
ENLARGING CUSTOMER BASE
LCV 2X – PU OFFENSIVE296 ku 560 ku
A
B
C
D 55
29
43
29
2022
2016
PU
VANS
58
98
LEVERAGING RCI COVERAGEPRESENT IN MAJOR MARKETS – 45% NEW VEHICLE FINANCING
CUSTOMER
DATAScoring
& Clustering
LOYALTY
VME Efficiency
FLEET
Fleet Management
Connected Vehicles
USED CAR
C2C / C2B2C
Risk based pricing
SERVICES
Stand Alone contracts
Service Platform
GEOGRAPHICAL EXPANSIONSETTING NEW CLUSTER STRATEGY FOR IMPORTERS
CENTRAL AMERICA
BOLIVIA – CHILE – PERU
PARAGUAY – URUGUAY
Vol (ku)2016 2022
14%
58%
27%
9RENAULT RESTRICTED BNOVEMBER 2017INVESTMENT ANALYSTS MISSION - AMERICAS
ALLIANCE SYNERGIES AS IMPORTANT REGIONAL LEVER
REGIONAL MATURE PROCESS
Country TT
Region
SC
AllianceSC
Established since 2012
3 Main steps : Country, Region & Corporate
Highest executives level involved on the process
ORGANIZATION
PRODUCT
OTHERS
SYNERGIES
Purchasing – RNPO
Human Resources
PWT & Chassis Engineering
Cost Organization
1 Ton Pick-up
PWT Line-up convergence
Common bought out parts
(Engineering/Purchase actions)
Logistics contracts & operation
Aftersales operation
Common financial operation (RCI, NRFM)
Services & Media contracts negotiation
Duties savings
Spot actions (São Paulo/Bs. Aires motor show,
Rio Olympics ‘16)
TT = Task Team / SC = Steering Committee
10RENAULT RESTRICTED BNOVEMBER 2017INVESTMENT ANALYSTS MISSION - AMERICAS
G. LE MERRER
PRODUCT PLANNING DIRECTOR
02 CUSTOMER
11RENAULT RESTRICTED BNOVEMBER 2017INVESTMENT ANALYSTS MISSION - AMERICAS
BRAZIL
129 163 000| Currency: Mexican Peso (MXN)
MÉXICOPOPULATION
32 000 000| Currency: Bolivar (VEF)
CAR
POPULATIONVENEZUELA
ARGENTINACHILE
COLOMBIA
MAIN DATAS
49 065 000| Currency: Colombian Peso (COP)
POPULATION
18 079 000| Currency: Chilean Peso (CLP)
POPULATION
209 288 000| Currency: Real (BRL)
POPULATION
44 302 000| Currency: Argentinian Peso (ARS)
POPULATION
THE LATAM MARKETSPRODUCT PLANNING
12RENAULT RESTRICTED BNOVEMBER 2017INVESTMENT ANALYSTS MISSION - AMERICAS
BRAZIL
286 cars | 1000 inhab
MÉXICO
140 cars | 1000 inhab
VENEZUELA
293 cars | 1000 inhab
304 cars | 1000 inhab
ARGENTINA269 cars | 1000 inhab
CHILE
102 cars | 1000 inhab
COLOMBIA
599 cars | 1000 inhab
FRANCE
A VERY LOW MOTORIZATION RATETHE LATAM MARKETSPRODUCT PLANNING
Car/1000 inhab.
13RENAULT RESTRICTED BNOVEMBER 2017INVESTMENT ANALYSTS MISSION - AMERICAS
Argentina
of total population in
Gran Buenos Aires
Urbanization level 91,7%
30%
Brazil
Urbanization level 85,4%
people living in
the coast area70M
17
people living in
Mexico D.F
Urbanization level 79,2%
10M
cities with more
than 1M inhabit.
Colombia
of total population divided
between 6 major cities
Urbanization level 76,4%
36%
Population is mainly concentrated in big urban areas
BRA, COL, ARG & MEX have a high urbanization level, even with a great importance of agriculture on their economies.
Mexico
Urbanization level 77%
France
A PREDOMINANTLY URBAN POPULATION PRODUCT PLANNING
14RENAULT RESTRICTED BNOVEMBER 2017INVESTMENT ANALYSTS MISSION - AMERICAS
PARIS BUENOS AIRES BOGOTA MEXICO CITY SÃO PAULO
Area 105.4km²
Pop. 2.244M
Subway 212km
Area 203,3km²
Pop. 3.054M
Subway 56.6km
Area 859,1km²
Pop. 7.776M
Subway NA
Area 1485km²
Pop. 8.874M
Subway 202km
Area 1523km²
Pop. 11.895M
Subway 78km
In a city like São Paulo, car is a necessity. Back to the problems of our country, if we had subways going everywhere... But we don´t.So, a car is a necessity. With that necessity, you want comfort, you want safety, you want pleasure. If you´re going to spend all day in acar, it should be pleasant.Man – Small SUV owner
BIG SPRAWLING CITIES, INFRASTRUCTURE COULD IMPROVEPRODUCT PLANNING
15RENAULT RESTRICTED BNOVEMBER 2017INVESTMENT ANALYSTS MISSION - AMERICAS
ARGENTINA
14% in 2016
BRAZIL
15% in 2016
x2 since 2014
COLOMBIA
28% in 2016
MEXICO
18% in 2016
STEPWAY DUSTER DUSTER
OROCHCAPTURKWID
SUV is a growing trend in all countries, answering to customer expectations of Design, Roominess and High drive position.“You get more visibility, which brings a feeling of safety.”
Female – Small SUV owner – Recife – UPPER class
RENAULT offers a full SUV line up
SUV 28% in 2016
FRANCE
SUV : A GROWING TREND IN ALL COUNTRIESPRODUCT PLANNING
16RENAULT RESTRICTED BNOVEMBER 2017INVESTMENT ANALYSTS MISSION - AMERICAS
R. GONDO
VP SALES & MARKETING AMERICAS
03 MARKET & PRICING
17RENAULT RESTRICTED BNOVEMBER 2017INVESTMENT ANALYSTS MISSION - AMERICAS
SALES & MARKETING
TIV Ku
M/S
Sales Ku
2016 2017 e 2018 e
5 454 5 896 6 146
6,5% 6,7%
~354 ~394
Total Market PC+LCV
Renault
SubsidiariesImporters
A STEADY RECOVERY
LATAM CAR MARKET 2016-2018SALES & MARKETING
18RENAULT RESTRICTED BNOVEMBER 2017INVESTMENT ANALYSTS MISSION - AMERICAS
2016 2017 e 2018 e
TIV Ku
M/S
Sales Ku
5 454
6,5%
~ 354
5 896 6 146
6,7%
~ 394
AMERICAS
2016 2017 e 2018 e
TIV Ku
M/S
Sales Ku
843
2,9%
24
932 945
3,1%
29
IMPORTERS
2016 2017 e 2018 e
TIV Ku
M/S
Sales Ku
1 602
1,9%
30
1 550 1 610
1,9%
30
MEXICO
2016 2017 e 2018 e
TIV Ku
M/S
Sales Ku
240
21,3%
51
235 250
21,4%
50
COLOMBIA
2016 2017 e 2018 e
TIV Ku
M/S
Sales Ku
1 987
7,6%
150
2 200 2 330
7,7%
169
BRAZIL
2016 2017 e 2018 e
TIV Ku
M/S
Sales Ku
683
14,5%
99
870 900
13,3%
116
ARGENTINA
Importers Countries
BoliviaChile
EcuadorPeru
ParaguayUruguay
VenezuelaCentral America & Caribbean
A STEADY RECOVERY
LATAM CAR MARKET 2016-2018SALES & MARKETING
19RENAULT RESTRICTED BNOVEMBER 2017INVESTMENT ANALYSTS MISSION - AMERICAS
KOLEOS
LOCAL NEEDS = LOCAL PRODUCT LINE
THE
GLOBAL
ACCESS
RANGE
CAPTUR DUSTER STEPWAY
MASTER OROCH ALASKAN
LOGAN SANDERO
KWID
KANGOO
A COMPLETE (AND YOUNG) PRODUCT RANGE
A COMPLETE
OFFER OF
SUV
A
COMPLETE
LINE OF
LCV
2015 2016
2016 20162017
RENAULT LATAM PORTFOLIOSALES & MARKETING
20RENAULT RESTRICTED BNOVEMBER 2017INVESTMENT ANALYSTS MISSION - AMERICAS
Rank Models 2017BR
Represent.1 SANDERO + STPW 116481 51,2%
2 LOGAN 52334 41,4%
3 DUSTER 48858 28,9%
4 OROCH 26116 33,5%
5 CAPTUR 22429 44,5%
6 KANGOO VU 18139 5,6%
7 KWID 17532 100,0%
8 MASTER 7252 68,6%
9 FLUENCE 4596 19,4%
10 KOLEOS 3127 -
11 CLIO 4 2113 -
12 KANGOO VP 2048 -
13 CLIO 2 1994 3,0%
14 DOKKER VU 731 -
15 ALASKAN 564 -
TOP 10 SALES – 2017 YTD OCTOBERSALES & MARKETING
TOP 5 models in region represent 82%
of the sales
Sales representativeness per
country– 2017
Brazilian
Share
21RENAULT RESTRICTED BNOVEMBER 2017INVESTMENT ANALYSTS MISSION - AMERICAS
SEGMENT EVOLUTIONSALES & MARKETING
ARGENTINA (%)
3,3 3,9 4,0
8,1 8,4 11,1
32,1 33,5 31,3
16,016,6 15,7
5,8
13,6 15,37,7
4,3 4,312,66,5 6,1
10,2 9,4 8,7
2014 2017 2018
C - SUV
C - SEDAN
C - HATCH
B - SUV
A - HATCH
B - HATCH
B - SEDAN
B OTHERS
BRAZIL (%)
4,8 5,7 7,6
46,042,7 40,9
19,8
16,2 15,5
2,912,2 14,5
2,8 1,3 1,1
8,7 9,0 8,0
5,3 6,5 6,8
2014 2017 2018
A - HATCH
B - SEDAN
B - SUV
C - SEDAN
C - SUV
B - HATCH
C - HATCH
22RENAULT RESTRICTED BNOVEMBER 2017INVESTMENT ANALYSTS MISSION - AMERICAS
PRODUCT WEIGHT EVOLUTION (PC) – LATIN AMERICASALES & MARKETING
14,2%
56,4%
22,3%
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
2016 2018
23RENAULT RESTRICTED BNOVEMBER 2017INVESTMENT ANALYSTS MISSION - AMERICAS
PRODUCT WEIGHT EVOLUTION (LCV) – LATIN AMERICASALES & MARKETING
24RENAULT RESTRICTED BNOVEMBER 2017INVESTMENT ANALYSTS MISSION - AMERICAS
• 100 is the basket average,
• Higher than 100 means Renault sells its cars above basket price.
• New product as opportunity to increase price positioning as illustrated by Captur :
• Brazil: 102,5
• Argentina: 104,4
• Colombia: 106,5
Zoom Brazil : Evolution of last 7 years
PRICE STRATEGY: TPVA (TRANSACTION PRICE VALUE ADJUSTED ) > 100 SALES & MARKETING
TPVA 2015 2016Oct
2017
AMERICA 100,4 100,2 101,9
BRAZIL 100,4 100,3 101,5
ARGENTINA 100,2 100,1 103,8
COLOMBIA 100,4 100,0 100,4
RENAULT RESTRICTED B 25NOVEMBER 2017INVESTMENT ANALYSTS MISSION - AMERICAS
G. LECERF
AMERICAS RCI DIRECTOR
04
26RENAULT RESTRICTED BNOVEMBER 2017INVESTMENT ANALYSTS MISSION - AMERICAS
RCI BANK & SERVICES IN THE AMERICAS
BrazilPartner: 60% RCI / 40% Santander
Rating: Aaa.br Moodys
ArgentinaPartner: 60% RCI / 40% BBVA
Rating Aa2 (arg) Moodys
ColombiaPartner: 51% RCI / 49% BBVA
Retail Customer Portfolio 333,039 102,452 30,511
Brands supported
Contract Volume 114,234 55,605 25,646
% Financing / Total Sales 39% 36% 50%
% Services / Total Sales 84% 235% 105%
Employees (Full Time + Contractors) 316 140 138
FTEs: 47
Temp. employees: 2
Outsourcing (F&I): 89
FTEs: 139
Outsourcing (F&I): 177
FTEs: 62
Temp. employees: 23
Outsourcing: 55
2017
27RENAULT RESTRICTED BNOVEMBER 2017INVESTMENT ANALYSTS MISSION - AMERICAS
BRAZIL – FINANCING IS A KEY SALES TOOL
34%
21%28% 26% 30% 33% 34%
19%
51%60%
51%
31%
55%
27%
66%
33%
5%
2%
4% 6%5%
9% 5%
3%
6%
5%
6%
2%
3%
2%
3%
2%
51%68%
59% 60% 52%50% 51%
67%
35%26%
29%
61%
29%
62%
16%
55%
7% 4% 5% 6%11%
6% 7% 6% 7% 8% 12%3%
11%7%
11%7%
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
TIV RENAULT NISSAN CHEVROLET FIAT VW HYUNDAI FORD TOYOTA HONDA JEEP PEUGEOT MITSUBISHI CITROEN MERCEDES BMW
Other Financed outside of the dealership Financed within the dealership Leasing Consortium Cash
Sources : NCBS Survey
COMPETITORS
A B C D E F G H I J K L M N
CAPTIVE BANKS COMMERCIAL AGREEMENT RETAIL BANKS
28RENAULT RESTRICTED BNOVEMBER 2017INVESTMENT ANALYSTS MISSION - AMERICAS
BRAZIL – GROWTH WITH A SOUND PORTFOLIO
1,6%
1,9%2,1%
1,7%
1,7%
2,1%
2,4%2,2%
1,1 0%
1,6 0%
2,1 0%
2,6 0%
3,1 0%
Jan15 Jul15 Jan16 Jul16 Jan17 Jul17
RCI Other Brands
2015 2016 2017
Past due over 90 days (% of receivables)
Source: ANEF
RCI share of Auto Finance Market
Source: Santander Financiamento
Banco RCI Brazil maintained high credit standards while growing throughout the crisis
29RENAULT RESTRICTED BNOVEMBER 2017INVESTMENT ANALYSTS MISSION - AMERICAS
Funding diversification
Static Liquidity Position (daily):
Full matching between assets and liabilities.
Dynamic Liquidity Position (monthly):
Secure the activity in case funding becomes unavailable
Instruments : committed lines, cash or partner support agreement.
Actual Rules:
Maintain a minimum of 120 days financing activity.
Contingency Plan if reserves fall below 90 days.
SOURCES OF FUNDING AND LIQUIDITY POLICY
*September closing
Liquidity Policy
Largest Public Bond issuer in the Brazilian capital Market
Bank 1: Shareholder Partner
30RENAULT RESTRICTED BNOVEMBER 2017INVESTMENT ANALYSTS MISSION - AMERICAS
F. LIMA
GM SYSTEMS, PLATFORMS & COMPONENTS
05 REGULATORY
31RENAULT RESTRICTED BNOVEMBER 2017INVESTMENT ANALYSTS MISSION - AMERICAS
CURRENT SCENARIO - INOVAR AUTO
2019 2020 2021 202220182017
LEV 6 LEV 7
INOVAR AUTO
Attained GOAL
EMISSIONS
32RENAULT RESTRICTED BNOVEMBER 2017INVESTMENT ANALYSTS MISSION - AMERICAS
FORTHCOMING SCENARIO - ROTA 2030
2019 2020 2021 202220182017
LEV 6 LEV 7
Connectivity
Energy(Fuel) Efficiency
Safety
3 Main Clusters
EMISSIONS
ROTA 2030
Not enacted – Still under government internal discussions
33RENAULT RESTRICTED BNOVEMBER 2017INVESTMENT ANALYSTS MISSION - AMERICAS
R. POSTEMA
ALLIANCE GLOBAL DIRECTOR PURCHASING AMERICAS
06 SUPPLIERS
34RENAULT RESTRICTED BNOVEMBER 2017INVESTMENT ANALYSTS MISSION - AMERICAS
MEXICO
BRAZIL
COLOMBIA
ARGENTINA
Purchasing Value 1,9B €
381 BOP Suppliers
ArgentinaPurchasing Mass 154M €
105 BOP Suppliers
ColombiaPurchasing Mass 115M €
37 BOP Suppliers
BrazilPurchasing Mass 1,61B €
239 BOP Suppliers
PURCHASING
SO UT H AMERICAZOOM IN: ALLIANCE SUPPLIERS
TOP 20 ALLIANCE SUPPLIERS(random order within TOP20)
YAZAKI
CONTINENTAL
BOSCH
BRIDGESTONE
ANTOLIN
CIE AUTOMOTIVE
EBERSPACHER
FAURECIA
GKN
AUTOPARTS
JOHNSON CONTROL
JTEKT
MAHLE
TAKATA
SUMITOMO
TREVES
USIMINAS
VALEO
YOROZU
MAXION
Available technologies
Macroeconomic conditions
Distressed suppliers
Macroeconomic conditions
Dependency of Brazilian
market
New Government
incentives to industry
Macroeconomic conditions
Competitiveness
COUNTRIES + & -
Missing Technologies
Region
• ESC
• PADs
• Electronic components
• Subatrate PGM
35RENAULT RESTRICTED BNOVEMBER 2017INVESTMENT ANALYSTS MISSION - AMERICAS
LO CAL INTEG RATION – FO CUS BRAZIL
2014 2017 Objective
80%
Competitiveness
FX Exposure
Legislation
*Projects Average LI Performance (ISO FX and w/O CAFB effect)
2017 PRR* Ratio - Logan: 73%
2017 PRR* Ratio - Kwid: 58%
* PRODUCT REGIONAL RATIO
PURCHASING
65%
Localization (with higher price/cost) is not an objective by itself.
Region performs arbitration process on competitiveness
65%
36RENAULT RESTRICTED BNOVEMBER 2017INVESTMENT ANALYSTS MISSION - AMERICAS
07Q&A
RENAULT RESTRICTED B 37NOVEMBER 2017INVESTMENT ANALYSTS MISSION - AMERICAS
38RENAULT RESTRICTED BNOVEMBER 2017INVESTMENT ANALYSTS MISSION - AMERICAS
MARKETRENAULT BRAZIL BUSINESS REVIEW – 2017 RESULTS
WINNERS & LOSERS – 2017 YTD
Vol PdM
1º 319.418 18,0%
2º 239.937 13,6%
3º 220.872 12,5%
4º 167.281 9,4%
5º 165.010 9,3%
6º 154.603 8,7%
7º 138.647 7,8%
8º 108.438 6,1%
9º 71.732 4,1%
10º 61.509 3,5%
11º 21.665 1,2%
12º 18.499 1,0%
2017 TOTAL
YTD October
RENAULT RESTRICTED B 39NOVEMBER 2017INVESTMENT ANALYSTS MISSION - AMERICAS
PRO+ & PROJECT TITANSales & Marketing
AMERICA BRAZIL
Points of Sales 690 269
Points Pro+ 88 56
PROJECT TITAN
40RENAULT RESTRICTED BNOVEMBER 2017INVESTMENT ANALYSTS MISSION - AMERICAS
MAIN DRIVERS FOR AMBITION
Sales efficiency• Maintain high campaign level thru competitiveness/efficiency • Small fleet financing increase• Sales process thru quotation tool & digital sales implementation
Network support• Sales organization and training• Insurances roll out to preserve dealer profitability • Support thru adequate floor plan
Customer loyalty• CRM and database enrichment• Loyalty enhancers and new Services
Sustainable profitability• Competitive Funding• Maintain cost of risk while approving more with improved collection• Increase productivity and reduce costs (automation)
Vision: The bank of the Alliance, partner with networks and customers
41RENAULT RESTRICTED BNOVEMBER 2017INVESTMENT ANALYSTS MISSION - AMERICAS
BRAZIL – A WIDE RANGE OF PRODUCTS
RETAIL CLIENTS WHOLESALE CLIENTS
FINANCING
CDC & FINANCIAL LEASING NEW/USED
BALLOON / TROCA FACIL
CONSORCIO
CAR CENTRIC SERVICES
CAR INSURANCE
WARRANTY EXT NEW CAR AND USED
MAINTENANCE
CUSTOMER CENTRIC SERVICES
GAP
DISABILITY AND UNEMPLOYMENT
FINANCIAL PROTECTION SPF
FINANCING
NEW
USED
PARTS
FIDC FLOOR PLAN
SERVICES
INSURANCE FOR PATIO
CREDIT INSURANCE