Renault Megane
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(French)Renault Megane CAR, size: 1.4 MB
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Related manuals Renault Megane Coupe-cabriolet Brochure Renault Megane Hatch Brochure Renault Megane Hatch Accessoires Renault Megane Sport Tourer Brochure Renault Megane Coupe Brochure |
Renault Megane
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RENAULT MEGANE HATCH
DRIVE THE CHANGE
WHY RENAULT?
Were driven by a passion to meet and exceed peoples needs, and thats what drives the industry forward. Its been that way with us for over a hundred years. But in todays rapidly-changing environment, its more important than ever that we source new solutions that will safeguard all our futures. We know that the car is at a turning point, it has to evolve whether you believe in global warming or not; to emit less in cities, to make less noise and to use increasingly scarce energy more efciently. At Renault we are working to create more affordable cars, with radically lower CO2 emissions. For the widest possible audience. Today thats our collection of 35 eco2 models. eco2 indicates that the vehicle produces CO2 emissions lower than 140 g/km, it includes at least 5% recycled plastic in its plastic mass, and has been designed in such a way that 95% of the materials used could have a second life (recyclable for other use or as a source of energy). In addition eco2 means that our factories are ISO 14001 certied. Starting next year there will be a groundbreaking range of electric vehicles, from a nippy town car to a comfortable family saloon and a small van. They will be affordable to run you will be able to drive up to 100 miles using a battery that costs typically 3 to charge, and a lot less using cheaper tariffs. And parking and congestion charges should all be lower, too. We believe its time to make the car a driver of progress once more. We are determined to drive that change. Soon you will be able to join us.
MEGANE HATCH
DISCOVERY DESIGN BALANCE ENVIRONMENT COMFORT INTUITION SECURITY 06 > > > > > > > 19
MEGANE HATCH IN DETAIL
ENGINES EQUIPMENT ACCESSORIES TRIMS COLOURS / DIMENSIONS ADDITIONAL INFORMATION 20 > > > > > > 37
RENAULT. DRIVE THE CHANGE.
THE MEGANE HATCH THE UNIQUE SENSATION OF A DESIGN THAT TURNS HEADS AND QUICKENS PULSES, WITH LINES THAT PROMISE PLEASURE AND PEACE IN ONE. CONTROL AND PRECISION; WHERE PRACTICALITY IS PERFECTLY FUSED WITH PASSION.
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DISCOVER THE MEGANE HATCH
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DESIGN THAT SPEAKS FOR ITSELF
LOVE AT FIRST SIGHT.
With its eye-catching design, the Mgane Hatch delivers a real promise of both dynamism and reliability. Swooping, steeply raked headlights, fluid and forceful lines, harmonious proportions. The precision of its lines takes your breath away, as does the outstanding quality of its finish. With the Mgane Hatch the mix of seduction and sportiness is clear to see.
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POWER WITH HARMONY
BETWEEN PRECISION AND RESPONSIVENESS, A DRIVE THATS UNFORGETTABLE.
This is where control and driving pleasure combine. Its extraordinary roadholding is evident as soon as you take the first corner. The precise steering and the stability provided by a state-of-the-art lower, wider chassis mean ultimate responsiveness. In a nutshell; youre in complete control, whichever of the wide range of engine types you choose: petrol or dCi. Unrivalled road holding, dynamic performance, instant gratificationwho could resist such a potent combination?
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The Mgane Hatch engines combine performance, economy and, respect for the environment. For instance, four of its engines have CO2 emissions below 140 g/km, which allows the Mgane Hatch to use the eco2 symbol. Everything possible has been done to ensure that its impact on the environment is as limited as possible, from its creation right through to end-of-life. The Mgane Hatch is built in an ISO 14001 certied factory. 95% of the car is recyclable at the end of the vehicles useful life, while 11% of the plastic used in its production is recycled.
A BRAND WITH THE MARK OF RESPECT
FOUR ENGINES WITH ECO 2 CERTIFICATION.
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INSIDE THE MEGANE HATCH
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INTUITIVE TECHNOLOGY
INNOVATION AT YOUR FINGERTIPS.
The Mgane Hatch offers supreme levels of comfort and ergonomics. For even more enjoyable travel, each of the versions presents an extensive range of high-end technologies that are both practical and simple to use. This equipment includes, depending on the version, a hands-free card, Dual-Zone climate control, superior sound systems, and an integrated satellite navigation system. Typical of the interior design of the Mgane Hatch, the instruments combine analogue (tachometer) and digital (speedometer) display, making them easy to read at a glance.
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RENAULT SAFETY
PROTECTION REACHES NEW LEVELS.
Renault has always committed itself to making excellence in safety a prime concern. The Mgane Hatch demonstrates how weve now taken steps towards even higher levels of driving security. Control under difficult conditions has been improved with ESC (Electronic Stability Control), combined with CSV Understeer Control for maximum efficiency, particularly on slippery surfaces. At night, the optional Xenon directional headlights allow longer distance vision, with dipped wider beam cornering lights to help see round corners. Thanks to a new system of high-performance braking, stopping distances for the Mgane Hatch rank among the shortest on the market. Theres a heavily reinforced body structure and cutting edge dual-chamber airbags where deployment is both faster and better adjusted, thanks to new crash sensors. Because Renault always goes the extra mile when it comes to your safety.
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ENGINES
1.6 16V 100
1.6 16V 110
130 120
1.6 16V 100 For crisp acceleration and faster response, giving more driving enjoyment and reduced fuel consumption. 1.6 16V 110 Fitted with variable intake control, it combines high torque at low engine speeds and excellent power. TCe 130 The TCe 130 has the output of a 1.8-litre engine and the torque of a 2.0 litre, while keeping the fuel consumption and CO2 emissions of a 1.6 litre engine. 2.0 CVT 140 The variable transmission enables a truly smooth ride combined with seamless gear change.
TCe 180 Boasting exceptional responsiveness and the smooth availability of torque, this engine offers vivid acceleration at minimum engine speeds. dCi 90 FAP and dCi 110 FAP Fitted with the latest generation Commonrail technology, these engines offer optimised levels of torque and power, as well as extremely moderate fuel consumption. dCi 110 EDC FAP The Efficient Dual Clutch (EDC) transmission delivers the best of an automatic gearbox with all the economy of a manual. Gearshifts take only 290 milliseconds, to instantaneously match gears to speed and demand delivering the right amount of power the moment you need it. dCi 130 FAP This astonishingly powerful and quiet engine uses the best of the dCi technology in combustion and supercharging. Yet it only emits 135 CO2 /km, even with its 130 hp. dCi 160 FAP This engine boasts a 0-62mph sprint time of 8.5 seconds and top speed of 134 mph, combined with CO2 emissions of only 155 g/km. dCi 150 Auto FAP The dCi 150 Auto with FAP (particle filter) offers a top performance/consumption ratio and outstandingly quiet running.
TECHNICAL SPECIFICATIONS
1.6 16V 100 1.6 16V 110 TCe 130 2.0 16V CVT TCe 180 dCi 90 FAP dCi 110 FAP dCi 110 EDC FAP dCi 130 FAP dCi 160 FAP dCi 150 Auto FAP
ENGINE
Engine capacity Number of cylinders / valves Compression ratio Maximum power Maximum torque Injection type Fuel Particle filter GEARBOX Number of forward gears Manual - Automatic PERFORMANCE Maximum speed 0-100 kph / 0-62 mph 1000 m from rest 80 to 120 kph in 5th / 6th FUEL CONSUMPTION -93/116/EEC CO2 emissions Urban (cold) Extra-urban Combined STEERING Power assisted Turning circle between kerbs Number of wheel turns AXLES Front axle type Rear axle type WHEELS AND TYRES Wheel Tyres reference front / rear (cc) 1598 4/16 9.8 : (100) (4250) 1598 4/16 9.8 : (110) (4250) 1397 4/16 9.1 : (130) (2250) Multipoint Petrol No 6 Manual 1997 4/16 10.2 : (140) (3750) 1998 4/16 9.3 : (180) (2250) 4/8 4/8 4/8 4/8 4/16 4/16 15.2 : 1 15.2 : 1 15.2 : 1 16.6 : 1 16.6 : 1 16.6 : (90) 81 (110) 81 (110) 96 (130) 118 (160) 110 (150) 200 (1750) 240 (1750) 240 (1750) 300 (1750) 380 (2000) 360 (2000) Direct Commonrail Spherical + Turbocompressor Direct Commonrail + Turbocompressor Diesel Yes 5 Manual 6 Manual 6 Auto - EDC 6 Manual 6 Manual 6 Automatic
kW (hp) rpm Nm (rpm)
6000 rpm
1000 2000
TCe 130
2.0 CVT 140
5 Manual
6 Manual
155 145
Continuous Variable Transmission 10,3 31,9 8,27.7 (10.2) 46.3 (6.1) 37.2 (7.6)
(mph) (kph) (seconds) (seconds)
10,9 32,4 15,31.0 (9.1) 51.4 (5.5) 41.5 (6.8)
10,5 31,9 12.9 / 18.29.1 (9.7) 50.4 (5.6) 39.8 (7.1)
9,6 30,8 10.2 / 32.1 (8.8) 53.3 (5.3) 42.8 (6.6)
7,8 28,5 7.0 / 9.25.7 (10.9) 47.9 (5.9) 36.7 (7.7)
12,5 34,5 13,53.3 (5.3) 70.6 (4.0) 64.2 (4.4)
10,5 31,9 9.9 / 11.55.4 (5.1) 70.6 (4.0) 64.2 (4.4)
11,7 33,2 9,53.3 (5.3) 72.4 (3.9) 64.2 (4.4)
9,5 30,5 7.9 / 10.45.6 (6.2) 64.2 (4.5) 55.4 (5.1)
8,5 29,5 7.2 / 8.37.7 (7.5) 56.5 (5.0) 47.9 (5.9)
9,2 30,2 8,32.5 (8.7) 51.4 (5.5) 42.8 (6.6)
TCe 180
dCi 90 FAP
200 180
(g/km) (mpg) (mpg) (mpg)
180 160
Electric with variable power assisted 10,95 1,43 Pseudo MacPherson with lower triangle Semi-rigid axle tree 6.5 J 15 195/65 R H 205/55 R H 205/50 R H 6.5 J 15 195/65 R H 205/55 R H 205/50 R H 6.5 J 15 205/55 R H 205/50 R H 6.5 J 15 205/55 R H 205/50 R H S 11 VD 280 PD 260 2.21 / 0.312 / 0.18K / 2 years 3 years / 60,000 miles / 24 months on unlimited mileage 8.25 J 225/40 R Y 6.5 J 15 195/65 R H 205/55 R H 6.5 J 15 195/65 R H 205/55 R H 205/50 R H 6.5 J 15 195/65 R H 205/55 R H 205/50 R H 6.5 J 16 205/55 R H 205/50 R H 8.25 J 225/40 R Y 7.0 J 17 225/45 R 17 205/40 R 205/50 R H
6000 rpm 5000 rpm
dCi 110 FAP
240 210
dCi 130 FAP
300 260
220 180
1. 5-SPEED MANUAL GEARBOX Cable linkage provides easy and precise gear changing for the ultimate in driving pleasure. 2. 6-SPEED MANUAL GEARBOX Providing precision and a comfortable drive. The sixth gear means enhanced long distance driving pleasure and reduced consumption.
Options front / rear
5000 rpm
dCi 160 FAP
dCi 150 Auto FAP
180 150
Power Torque
EFFICIENT DUAL CLUTCH (EDC) Thanks to the sequential shift, you have a permanent choice between manual and automatic modes. This gives you the choice to vary your driving techniques according to the traffic conditions.
BRAKING SYSTEM Brake booster: simple (S), double (D) - Front: plain discs (PD), ventil. discs (VD) Rear: drum brake, plain discs. (PD), vent. d. (VD) AERODYNAMICS AND CAPACITY Aerodynamic coefficient Fuel tank SERVICING INTERVALS Service interval (whichever is the sooner) WARRANTY Warranty WEIGHT Kerb weight - On the front - On the rear Gross Vehicle Weight (GVW) Limited authorised GVW on the front Limited authorised GVW on the back Gross train weight Payload Maximum towing weight (braked) Maximum towing weight (unbraked)
(") (mm) (mm)
VD 280 PD 260
VD 296 PD 260
(litres)
(kg) (kg) (kg) (kg) (kg) (kg) (kg) (kg) (kg) (kg)
1300 645
1300 640
1300 675
1300 695
1300 725
1300 740
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Mgane meets three criteria: the vehicle produces CO 2 emissions lower than 140g / km. It is manufactured in an ISO 14001 certied factory, minimising its environmental impact, and it includes at least 11% recycled plastic in its plastic mass. With Renault displays its environmental commitment at every stage of the life cycle of the vehicle. The vehicle has been designed in such a way that 95% of the materials used could have a second life (recyclable for other use or as a source of energy), and that pollution control at the end of the vehicles life (in particular extraction of uids) is made easier. Furthermore, this vehicle has parts made of recycled plastic (5%) and renewable materials.
COMFORT
TECHNOLOGY
2 1. HANDS FREE KEYCARD Simply carry the card and the Mgane will track your movements. The car unlocks and the ignition starts at the push of a button, without even inserting the card into the reader. If you move away from the vehicle carrying the card, the doors will lock automatically. 2. CARMINAT TOMTOM The first easily accessible, integrated navigation system. 4. MULTI-FUNCTIONAL TUNEPOINT The USB and MP3 sockets allow you to connect and control your portable music player using the radio controls on the steering wheel, whilst the jack allows you to connect any audio source. 5. CRUISE CONTROL / SPEED LIMITER Cruise control allows you to set a cruising speed or a maximum speed. A control on the steering wheel allows you to adjust the chosen speed. Thanks to the display integrated into the instrument panel visibility is improved: with cruise control a green arc appears once the system has been activated; with the speed limiter the arcs remain white. If you exceed the set speed the arc will change to red. 6. INSTRUMENT PANEL Designed with three reading levels it allows you to read information faster and more accurately. There is a rev counter with analogue display, speedometer with digital display and colour-coded cruise control symbols.
1-2. DUAL ZONE CLIMATE CONTROL Allows driver and front passenger to select a temperature to suit them. The three modes available can be adjusted to individual needs: Auto mode provides balanced temperature control, Fast or Soft modes can be selected to adjust the temperature or noise level as required. 3. SUNROOF The huge electric sunroof, which opens at the front, allows as much light as possible into the interior. 4. HEATED FRONT SEATS 5. CUSTOMISATION MENU This allows you to manage the display and control of various vehicle functions (locking or unlocking of doors, rear windscreen wiper, etc.) 6. FRONT AND REAR PARKING SENSORS Making parking manoeuvres easier: the parking sensors alert you to any obstacles in front or behind with a sequence of beeps that get faster as you approach the object. 7. FRONT DOOR MIRRORS Electric, de-icing and electrically folding. 8. AUTOMATIC LIGHT AND RAIN SENSORS The front windscreen wipers, with automatic speed control, are activated and adjust their speed depending on how heavily it is raining. A light sensor automatically activates the headlights at dusk or when you enter a tunnel.
3 3. 3D SOUND BY ARKAMYS With 3D sound by Arkamys the Mgane Hatch benefits from the outstanding quality of Renault's latest state-of-the-art sound system. The digital sound processing customised by Arkamys for the New Mgane means that eight loudspeakers provide ultimate-quality 3D sound. The sound can be adjusted using the functions "driver only" and "muted at rear".
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STORAGE
1. BOOT Offers a storage capacity of 372 dm3, even with a full size emergency spare wheel. 2. STORAGE SPACE UNDER BOOT FLOOR The boot floor has a storage space that can be divided into compartments.*
* Available with optional tyre inflation kit in lieu of spare wheel.
SECURITY
1. SEATBELTS To reduce the force of impact and to maintain the body in an ideal position, the system uses a dual pretensioner in the front seats, a single pretensioner with load limiter in the outer rear seats and a load limiter in the central rear seat.
2. ANTI-WHIPLASH FRONT HEADRESTS Allow the height and tilt to be adjusted to reduce the risk of whiplash.
3. SRP (SYSTEM FOR RESTRAINT AND PROTECTION) This consists of a comprehensive airbag system with dual chamber front airbags, curtain airbags, and front lateral airbags.
3. MAP POCKETS Mounted on the back of the front seats, they provide a space to keep documents, books and magazines. 4. STORAGE IN REAR ARMREST Rear passengers can use this practical storage compartment to store bottles, CDs, etc. 5. UNDERFLOOR LOCKERS Two 1.8 dm3 spaces have been discreetly built into the floor in the front. 6. STORAGE IN CENTRE CONSOLE Practical and easy access for front passengers. 7. GLOVE COMPARTMENT Very roomy glove compartment, with an in-built light. 5
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TOURING
You, your Renault and the kitchen sink! Planning your holidays? Renault Accessories has developed a range of accessories to maximise the load carrying capacity of your Mgane. If you need more than your boot space, take a look at our towing and roof accessories.
1. ROOF BARS, SKI RACK, BIKE RACK Whether you are planning a ski trip or just a day out with the bikes, we have an accessory for you. Designed to work in harmony with your car, these aluminium Touring Line roof bars are lightweight and easy to mount. Our bike racks can be mounted on the roof or on a tow bar. They are City Crash tested to ensure maximum safety and security. 2. ROOF BOX Going on holiday and need to pack the kitchen sink? Our range of Touring Line roof boxes are the ideal way of increasing your boot space. They are lockable and are designed to perfectly t the Renault Touring Line Roof Bars. 3. TOW BAR Whether you need to pull a trailer, a caravan or simply mount one of our bike racks, Renault has the tow bar for you. This tow bar preserves the aesthetic lines of your Mgane, thanks to a tow ball that can be removed in seconds without the use of tools. 4. STORAGE BOX Both handy and ingenious, this portable storage box can be attached in the centre of the rear seat using the seatbelt to provide additional storage on those long trips with the kids.
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Cutting edge technology in your Renault
7. DVD SYSTEM Are we nearly there yet? Boredom on long journeys is a thing of the past with our DVD player. Mounted onto the back of the headrest, it provides hours of entertainment for the rear passengers. Comes with two screens and infra red headphones. 8. BLUETOOTH CONNECTIVITY Avoid nes and penalty points and get connected. Our range of Bluetooth systems allow you to pair your phone to your Mgane and make and receive calls on the move. To check your handset is compatible, please speak to your Renault dealer.
5. PARTITION GRILL Metal grill that separates the passenger compartment from the boot. Helps to keep the contents of your boot, in the boot!
9. MULTI-FUNCTIONAL TUNEPOINT Allows you to connect your iPod to your Mgane, giving you simple control over your music.
6. SAFETY KIT
Our safety kit, which contains a warning triangle, high visibility vest and rst aid kit, is an essential accessory for your own safety and is a legal requirement when travelling in some European countries.
EXPRESSION Comfort and well-being. For made-to-measure comfort, the drivers seat and headrest can be adjusted in a number of ways. Available in dark interior trim with dashboard and upholstery in dark charcoal (1).
DYNAMIQUE TOMTOM Sporty and high-tech. The trim is available in a charcoal interior, with dashboard and upholstery in dark carbon (2), or with optional carbon leather (3). The leather steering wheel and 16" alloys enhance the sporty character of Mgane Dynamique TomTom.
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EQUIPMENT
PRIVILEGE TOMTOM Style and sophistication. Dual-Zone air conditioning, electric folding door mirrors and rear parking sensors emphasise the style and elegance of the Mgane. Available in three versions: dark interior trim with dashboard and part leather dark carbon upholstery (1), optional dark carbon leather (2) or pale beige leather (3) with two-tone dashboard (pictured).
CORE FEATURES Safety and security ABS with EBD (Electronic Brake Distribution) ESC with ASR (anti skid regulation) and CSV Understeer Control Anti-submarining airbags for front seats De-activation for front passenger airbags Brake Assist Front and rear curtain airbags Driver and front passenger two stage adaptive airbags Additional equipment to Core Features above 60:40 split folding rear seats Electric rear windows Driver's seat with lumbar adjustment Additional equipment to Expression (includes Core Features above) 16" 'Sport' alloy wheels 4 x 15W radio CD with Bluetooth and MP3 connection Automatic headlights and front windscreen wipers Additional equipment to Dynamique TomTom (includes Core Features above) 16" 'Spirale' alloy wheels (except on dCi 150 Auto) 17" 'Sari' alloy wheels (on dCi 150 Auto) Additional equipment to Dynamique TomTom (excludes Carminat TomTom) 18" 'Jetow' alloy wheels Parking sensors rear Renaultsport engineered chassis
Front lateral airbags Front seatbelt double pretensioners ISOFIX child seat mounting points on outer rear seats R.A.I.D (Renault anti intruder device) Emergency spare wheel Comfort, driving and versatility 5 height adjustable new generation headrests and ve 3 point seatbelts Double optic headlights with 'see me home' function Centre console with armrest 'Papeete' dark carbon cloth upholstery Thatcham (category 1) alarm with engine immobiliser and deadlocking Leather steering wheel Front fog lights Carminat TomTom Hands free Renault card Cruise control with speed limiter Dual Zone climate control Rear parking proximity sensors Rear armrest with storage Electrically operated heated folding door mirrors Door mirrors electrically folding and heated Renaultsport seats cloth Dark chrome fog light surrounds, door handles, door mirrors 'GT' embroidered headrests
O O O O O O
Malta Blue RNT (MI) O
Cayenne ENJ(MI) O
Expression Dynamique TomTom Privilge TomTom GT / GT Line
= Standard O = Optional
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Dimensions (mm) A - Wheelbase B - Overall length C - Front overhang D - Rear overhang E - Front track F - Rear track G / G1 - Overall width / with door mirrors H - Unladen height H1 - Unladen height with tailgate open J - Unladen sill height K - Ground clearance, laden L - Cabin length M - Front elbow width M1 - Rear elbow width N - Front shoulder width N1 - Rear shoulder width P - Front seat headroom, measured at 14 degrees Q - Rear seat headroom, measured at 14 degrees Y - Boot entry width, upper Y1 - Boot entry width, lower Z - Rear entry height Z1 - Load platform length max Z2 - Load platform length behind rear seats
* Without spare wheel.
1808 / >= 862
EQUIPMENT AND OPTIONS
Expression EXTERIOR EQUIPMENT Door Mirrors
Body coloured housings Dark chrome housings Electrically operated and heated Electrically folding
Dual Zone climate control with see clear function (automatic air conditioning) Heated rear windscreen
Expression
Interior lighting
Interior courtesy light controlled by all four doors Driver and front passenger reading lights Rear courtesy lights Rear reading lights Footwell lighting front and rear Illuminated luggage compartment (on opening of boot)
Door Handles
Body coloured door handles Dark chrome door handles
INTERIOR EQUIPMENT Windows
Tinted glass including windscreen 'Smart' windscreen wipers Automatic front windscreen wipers Panoramic electrically operated glass sunroof Electric front windows with one touch control for driver Electric rear windows Extra tinted rear windows
Accessory power point Cigarette lighter Driver / passenger sun visor with illuminated vanity mirrors Driver sun visor vanity mirror Passenger sun visor with vanity mirror Integrated fuel ller cap Leather steering wheel and gear knob Rake and reach adjustable steering wheel
SEATING Front seat
Sport front seats Fully adjustable front headrests Reclining front seats Height adjustment on drivers side seat Lumbar adjustment on drivers side seat Heated front seats Height adjustable front seatbelts
SECURITY EQUIPMENT
Anti-drill door locks and ignition barrel R.A.I.D. (Renault Anti Intruder Device) auto closure >6mph Insurance approved (Category 1) alarm system and immobiliser
DRIVING AND SAFETY
ABS with EBD (Electronic Brake Distribution) and Brake Assist Automatic headlights and windscreen wipers Bluetooth Hands free connectivity Carminat TomTom Cruise control with speed limiter Deactivation of front passenger airbags (for use with child seats) Double optic 'See Me Home' headlights Drivers two stage adaptive airbag Electrochrome rear view mirror ESC (Electronic Stability Control) with ASR (Anti-Skid Regulation) and CSV Understeer Control Front and rear towing rings Front fog lights Front lateral airbags Front passengers two stage adaptive airbag Front/rear curtain airbags Height adjustable front seatbelts with double pretensioners ISOFIX child seat anchorage points on rear outer seats Power assisted steering Rear parking sensors Side impact protection bars Xenon headlights with headlight wash
Rear seat
Three x 3-point inertia reel seatbelts 60:40 split folding seats 3 height adjustable rear head restraints
STORAGE Front
Under oor storage for driver and front passenger Front centre armrest with storage (6 litre) Front door storage with space for water bottle
Rear door pockets with can holders Rear centre armrest with storage Two position rear parcel shelf
Load anchorage points Storage area for rst aid kit, bottle of oil etc (with tyre ination kit)
Dashboard
Trip computer Rev counter Adjustable dashboard illumination Low fuel level warning light Exterior temperature indicator (petrol) "Rear seatbelt undone" audible alert "Driver and passenger seatbelt undone" warning audible alert "Door / boot open" warning light
IN CAR ENTERTAINMENT
Fingertip audio system remote control 4 x 15W radio/single CD 4 x 15W radio/single CD with Bluetooth and MP3 connectivity 4 x 15W radio single CD with Bluetooth and multi-functional TunePoint Arkamys 4 x 30W radio CD with Bluetooth and multi-functional TunePoint
SERVICES
Renault 3 year / 60,000 miles warranty Renault 12 year anti-corrosion warranty Renault 3 year paintwork warranty Renault Accident Services (RAS)
Openings
"Radio frequency" remote control central locking Renault Card Hands Free Renault Card
Heating and ventilation
Air recirculation facility Pollen lter Manual air conditioning
OPTION PACKS
Convenience Pack: Panoramic sunroof, front and rear parking sensors, tyre pressure monitor and heated front seats GT Line Pack: 17" alloys, sports bumpers, rear diffuser, sports chassis, electric folding door mirrors, rear parking sensors
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RENAULT MOBILITY
WHO BETTER THAN RENAULT TO SERVICE YOUR RENAULT ?
Your new Mgane Hatch is covered by a 3-year warranty package the first 2 years of unlimited mileage Renault manufacturer warranty, followed by a further year of cover up to 60,000 miles. Paintwork is also guaranteed for 3 years while the anti-corrosion warranty runs for 12 years. In addition, the Renault Assistance plan ensures prompt help in the UK and Northern Ireland for manufacturer defects for 36 months. For full details please refer to the Renault warranty terms and conditions, available from your Renault Dealer or from www.renault.co.uk.
EXTENDING YOUR WARRANTIES AND COVER
RENAULT NETWORK SERVICES
FINANCE OPTIONS
No-one is better placed than Renault to maintain, fit and repair your Renault Extended Warranty allows you to extend your Renault Warranty Renault, fast. The Renault Minute (maintenance and repair with no appointment necessary) and Renault Rapide Bodycare (bumper scuffs, up to 5 years or 80,000 miles. dings and dents, windscreen, stone chips and interior repairs) Renault Assistance Added Cover provides you with additional cover services deliver the highest level of repair and maintenance and offer a for incidents not covered by Renault Assistance: punctures, incorrect full years guarantee on Original Renault Parts. And dont forget to have (or lack of) fuel, keys lost, stolen or locked inside the vehicle and a look at our wide range of additional equipment and accessories! incidents involving caravans or trailers.
As the market leader in safety, with ten vehicles in the range scoring the maximum five stars in the Euro NCAP safety tests, Renault offers an extensive range of models through the Motability scheme. With our advanced design technology, all of our models can be cost effectively adapted by Motability Accredited Specialists to meet the particular needs of a disabled driver or user. At your nearest Motability Accredited Renault Dealer, you will find a commitment to personal service, facilities for easy access including ramps and wide doors, plus expert assistance from Motability specialists. If youd like more information about these special services or about a specific vehicle adaptation, put us to the test right now by calling Renault Corporate on 626, contacting motability@renault. co.uk or visiting www.motability.renault.co.uk.
There are a wide variety of ways in which the purchase of a new For full information on these products please ask your Renault Dealer car can be financed. Renault Finance offers all of them, so whether or log on to www.renault.co.uk and click on Owner Services, where youre a fleet buyer or a private buyer, Renault Finance is ideally placed you can also buy securely online. to tell you which plan or combination of plans best suits your needs and circumstances. SERVICE PLANS Renault Service Plans are available on new and used vehicles # SERVICE INTERVALS and allow you to budget for your vehicles servicing with convenient All models 18,000 miles / 2 years payment options and inflation proof pricing. For more information Except: please ask your Renault Dealer or log on to www.renault.co.uk and 13,000 miles / 2 years: click on Owner Services. Clio, Modus, Grand Modus dCi 86 engines* # participating dealers only 12,600 miles / 2 years: New Kangoo dCi 68 and 86 engines** RENAULT ACCIDENT SUPPORT LINE 12,500 miles / 2 years: New Mgane, New Scnic, New Grand Scnic dCi 86 engines 8005 Twingo 1.2 TCe 100 engine Twingo Renaultsport and New Mgane Coup Renaultsport engines The Renault Accident Support Line (RASL) is a dedicated service from Renault for all Renault drivers and their families, no matter what car 12,000 miles / 2 years: they drive. This service is available at no cost to you, regardless of Clio, Modus, Grand Modus 1.2 TCe 100 engines fault. RASL will deal with every aspect of your claim, from ensuring Clio Renaultsport engines you are recovered to a Renault Approved Accident Repair Centre to 18,000 miles / 1 year: dealing with all insurance companies giving you total convenience and Espace all engines peace of mind. New Kangoo 1.6 16V 105 engine 8005 is the only number you need so please programme 12,500 miles / 1 year: it into your phone and make sure that in the event of an accident you Laguna 2.Turbo, 3.5 VAuto and dCi 180 FAP call us first and we will take care of everything. 12,000 miles / 1 year: Koleos all engines RASL will: New Kangoo 1.6 8V engine Arrange recovery of your vehicle from the scene of the accident to a Service required at the mileage or time interval shown, whichever Renault Approved Accident Repair Centre is sooner. Organise the repairs at a Renault Approved Accident Repair Centre using only Renault Original Parts ENGINES WITH OIL CONTROL SYSTEM Deal with all insurance companies, both yours and the other parties Provide a like for like replacement vehicle if the accident is not (OCS) your fault - 1.2 TCe 100 / 1.4 TCe 130 / 2.0 TCe 180 Pursue the at fault party for all associated costs if the accident is - 1.6 VVT 128 / Renaultsport 133 and 250 not your fault - All diesel engines (except Koleos) Use the same paint as during manufacture OCS monitors driving conditions that directly affect the quality of your Provide a 5 year repair guarantee on paint and repairs engine oil, protecting your engine from excessive wear and possible Ensure you do not have to pay a policy excess if the accident is not bearing failure. your fault Under certain conditions; low speeds, traffic jams, door-to-door deliveries Provide the same service for your family free of charge regardless (engine turning with little distance travelled) or in high gear for long periods if their car is a Renault or not e.g. sport driving, towing a caravan/trailer over 500kg (engine turning at Ensure that yours and your passengers safety are guaranteed and higher revolutions) the vehicles service interval may be shortened and you your five star NCAP rating will not be compromised will be alerted, via the instrument panel service indicator, that a Renault Service is required earlier (refer to drivers handbook for details).
Photography by: renault communication / DR / r. falcucci, A. BERNIER, C. CUGNY, D. Dumas, O. Banet, P. CURTET Printed in EC September 2010 - Part Number 700 Renault UK Limited Customer Services, The Rivers Ofce Park, Denham Way, Maple Cross, Rickmansworth. Hertfordshire, WD3 9YS-Tel: 51 50
News Release
TRW Automotive 12025 Tech Center Drive Livonia, Mich. 48150 USA
Investor Relations Contact: Patrick R. Stobb (734) 853-6966 Media Contact: Manley Ford (734) 266-2616
TRW Automotive Reports Second-Quarter 2004 Financial Results; Increases Full-Year Outlook
LIVONIA, MICHIGAN, July 27, 2004 TRW Automotive Holdings Corp. (NYSE: TRW), the global leader in active and passive safety systems, today reported secondquarter 2004 results with sales of $3.2 billion, an increase of 6 percent over the prior year. The Company also reported net earnings for the quarter of $75 million or $0.74 per diluted share compared to net losses of $20 million, or ($0.23) per share in the prior year quarter. During the second quarter of 2004, the Companys gross debt declined by $71 million, contributing to a first-half 2004 reduction of $565 million. We are very pleased with our financial results and the improved debt position we achieved in the first half of the year, said John C. Plant, president and chief executive officer. We posted very solid earnings growth driven mainly by demand for our innovative safety related technologies and products and exceptional operating and financial performance despite facing a challenging pricing and inflationary environment. Although we maintain our cautious views on inflationary pressures and industry volumes for the second half of 2004 and beyond, we expect to exceed our full-year 2004 guidance provided at the beginning of the year. For the first half of 2004, the Company reported sales of $6.1 billion and net earnings of $77 million or $0.77 per diluted share, which included expenses of $48 million or $0.48 per diluted share primarily for prepayment premiums on high yield notes redeemed with proceeds from the Companys February 2004 initial public offering and other expenses related to a January 2004 bank debt refinancing.
First half earnings excluding these charges were $125 million or $1.26 per diluted share, assuming weighted average shares of 99.5 million. In comparison, the Company reported sales of $3.9 billion and net losses of $66 million for the four-month period ended June 27, 2003. This four-month period represents the reporting period following the February 28, 2003, acquisition of the former TRW Inc.s automotive business by affiliates of The Blackstone Group L.P. (Blackstone) from Northrop Grumman Corporation. Prior to the acquisition, the predecessor company reported sales of $1.9 billion and net earnings of $31 million for the two-month period ended February 28, 2003. As a result of the Blackstone acquisition, certain consolidated and combined financial information relating to the second quarter and first half of 2003 periods contained within this release (labeled as pro forma) has been adjusted to illustrate the estimated pro forma effects of such acquisition, and a subsequent July 2003 debt refinancing, as if these transactions had occurred on January 1, 2003. Second-Quarter 2004 Compared to Pro Forma Second-Quarter 2003 The Company reported second-quarter 2004 sales of $3.2 billion, an increase of $186 million, or about 6 percent compared to prior year sales of $3.0 billion. The increase resulted primarily from increased customer volumes from new product areas and foreign currency translation, partially offset by pricing provided to customers and a reduction in sales due to divestitures. Operating income for second-quarter 2004 was $201 million, an increase of $11 million, or about 6% compared to the prior year pro forma operating income. This increase resulted primarily from a higher level of customer volumes, and to a lesser extent, currency translation, partially offset by the effects of ferrous metals inflation, a higher level of restructuring costs and the nonrecurrence of certain unrealized foreign currency exchange gains that occurred in the prior year quarter. The Company reported second-quarter 2004 net earnings of $75 million, or $0.74 per diluted share, compared to pro forma net earnings of $54 million, or $0.60 per diluted share in the prior year. In addition to the higher level of operating income, net interest expense and the Companys effective tax rate were both lower in this years quarter compared to last year.
The second quarter of 2004 included pre-tax restructuring costs of $8 million. The quarter also included amortization of intangibles, principally customer relationships resulting from the application of purchase accounting, of $8 million. In comparison, the prior year quarter included $2 million of pre-tax restructuring costs and amortization of intangibles of $9 million. Additionally, as referenced previously, the second-quarter 2003 included $15 million of unrealized foreign currency exchange gains that did not recur in the second-quarter 2004 primarily due to the Companys hedging strategy on inter-company loans. The Company reported earnings before interest, losses on sales of receivables, gain (loss) on retirement of debt, taxes, depreciation and amortization (EBITDA) of $324 million for second-quarter 2004. In the prior year, pro forma EBITDA was $312 million, which included $15 million of unrealized foreign currency exchange gains, as discussed previously. Excluding these gains, second-quarter 2004 EBITDA was up 9 percent compared to pro forma EBITDA in the prior year period. Please see the accompanying schedules for a reconciliation of EBITDA and pro forma EBITDA to the closest GAAP equivalent. First-Half 2004 Compared to Pro Forma First-Half 2003 The Company reported first-half 2004 sales of $6.1 billion, an increase of $296 million or 5 percent compared to prior year pro forma sales of $5.8 billion. Operating income for first-half 2004 was $354 million, a decrease of $13 million compared to the prior year pro forma operating income. This decrease occurred mainly as a result of a $39 million first quarter decline in net pension and OPEB income primarily due to the application of purchase accounting in 2003 and the absence of the previously mentioned unrealized foreign currency exchange gains of $15 million in secondquarter 2004. The Company reported first-half 2004 net earnings of $77 million, which compares to $102 million pro forma for the same period a year ago. As described previously, first-half 2004 results included expenses of $48 million or $0.48 per diluted share for charges associated with debt repayment transactions. First half earnings excluding these charges were $125 million or $1.26 per diluted share, an increase of $23 million or 23% from the prior year. The first half of 2004 included pre-tax restructuring costs of $13 million and amortization of intangibles, principally customer relationships, of $17 million.
In comparison, the prior year period included pre-tax restructuring and other unusual costs of $12 million and amortization of intangibles of $15 million. The Company reported EBITDA of $600 million for first-half 2004 compared to pro forma EBITDA of $607 million in the prior year. When compared to the prior year period, first-half 2004 EBITDA was negatively impacted by the previously mentioned $39 million first quarter decline in net pension and OPEB income and $15 million for unrealized foreign currency exchange gains in 2003, which did not recur in 2004. Excluding these two items, EBITDA increased by approximately 8 percent in the first half of 2004 compared to pro forma EBITDA in the prior year. Please see the accompanying schedules for a reconciliation of EBITDA and pro forma EBITDA to the closest GAAP equivalent. Capital/Liquidity As of June 25, 2004, the Company had $3,243 million of debt and $534 million of cash and marketable securities, providing for net debt (defined as debt less cash and marketable securities) of $2,709 million, a decline of $140 million from the March 26, 2004, level. When compared to year-end 2003, net debt at the end of second-quarter 2004 was down $255 million. Net cash provided by operating activities during the second quarter of 2004 totaled $207 million. For the first half of 2004, net cash used in operating activities totaled $2 million. Capital expenditures during the second quarter totaled $95 million, compared to $54 million in the prior year. Capital expenditures in first-half 2004 were $162 million, an increase of $31 million compared to the prior year pro forma. 2004 Outlook Based on the strong first half financial performance, the Company is increasing its full-year guidance from previous levels, and now expects sales in the range of $11.6 to $11.8 billion and diluted earnings per share in the range of $1.22 to $1.32. The earnings per share range includes the previously mentioned first half charges of $48 million or $0.48 per diluted share for expenses related to debt repayment and refinancing transactions. Excluding these charges, diluted earnings per share are expected to be in the range of $1.70 to $1.80.
Such risks, uncertainties and other important factors which could cause our actual results to differ materially from those contained in our forward-looking statements are set forth in the TRW Automotive Holdings Corp. final prospectus dated as of February 2, 2004 (the "Prospectus") filed with the Securities and Exchange Commission (the "SEC") pursuant to Rule 424(b)(4), our Report on Form 10-K for the fiscal year ended December 31, 2003 (the 10K), and our Report on Form 10-Q for the quarter ended March 26, 2004, and include: our substantial leverage; the highly competitive automotive parts industry and its cyclicality; pricing pressures from our customers; increasing costs for purchased components and raw materials; nonperformance by, or insolvency of, our suppliers; product liability and warranty and recall claims; our dependence on our largest customers; limitations on flexibility in operating our business contained in our debt agreements; increases in interest rates; fluctuations in foreign exchange rates; the possibility that our owners' interests will conflict with ours; work stoppages or other labor issues and other risks and uncertainties set forth under "Risk Factors" in the Prospectus, in the 10-K and in our other SEC filings. We do not intend or assume any obligation to update any of these forward-looking statements.
TRW Automotive Holdings Corp. Index of Historical and Pro Forma Consolidated and Combined Financial Information
Page Periods Ended June 25, 2004, June 27, 2003, and February 28, 2003 Consolidated Interim Statements of Operations for the three months ended June 25, 2004 and June 27, 2003.... A2 Consolidated and Combined Interim Statements of Operations for the six months ended June 25, 2004, the four months ended June 27, 2003 and the two months ended February 28, 2003.... A3 Consolidated Balance Sheets June 25, 2004 and December 31, 2003...A4 Reconciliation of Historical to Pro Forma Combined Statements of Operations for the three months ended June 27, 2003...A5 Reconciliation of Historical to Pro Forma Consolidated and Combined Statements of Operations for the four months ended June 27, 2003 and the two months ended February 28, 2003.... A6 Historical and Pro Forma Consolidated Statements of Operations for the three months ended June 25, 2004 and June 27, 2003....A7 Historical and Pro Forma Consolidated and Combined Statements of Operations for the six months ended June 25, 2004 and June 27, 2003... A8 Reconciliation of GAAP Net Earnings (Losses) to Historical and Pro Forma EBITDA for the three months ended June 25, 2004 and June 27, 2003... A9 Reconciliation of GAAP Net Earnings (Losses) to Historical and Pro Forma EBITDA for the six months ended June 25, 2004 and June 27, 2003... A10
The accompanying historical and pro forma consolidated and combined financial information and reconciliation of GAAP net income to historical and pro forma EBITDA should be read in conjunction with the TRW Automotive Holdings Corp. Form 10-K for the year ended December 31, 2003, which contains historical consolidated and combined financial statements and the accompanying notes to consolidated and combined financial statements and unaudited pro forma consolidated and combined financial information and accompanying notes to unaudited pro forma consolidated and combined financial information. The accompanying unaudited pro forma consolidated and combined financial information is intended to give effect to the February 28, 2003 acquisition of the former TRW Inc.s automotive business by affiliates of The Blackstone Group L.P. from Northrop Grumman Corporation and the July 22, 2003 refinancing of a portion of debt entered into in connection with the acquisition, as if these transactions had occurred on January 1, 2003. The unaudited pro forma consolidated and combined financial information is based upon available information and certain assumptions we believe are reasonable. However, these statements are for informational purposes only and are not intended to represent or be indicative of the consolidated results of operations or financial position that would have been reported had the acquisition been completed as of January 1, 2003, and should not be taken as representative of future consolidated results of operations or financial position.
TRW Automotive Holdings Corp. Consolidated Interim Statements of Operations (Unaudited)
Three months ended June 27, June 25, $ 3,163 2,8 (12) 65 $ 75 $ $ 2,977 2,(18) 98 78
(In millions, except per share amounts)
Sales.... Cost of sales... Gross profit.. Administrative and selling expenses.. Research and development expenses.. Purchased in-process research and development. Amortization of intangible assets.. Other (income) net... Operating income... Interest expense, net... Loss on retirement of debt... Loss on sales of receivables... Earnings before income taxes.. Income tax expense... Net earnings (losses).. Basic earnings (losses) per share: Earnings (losses) per share... Weighted average shares.. Diluted earnings (losses) per share: Earnings (losses) per share... Weighted average shares..
TRW Automotive Holdings Corp. Reconciliation of Historical to Pro Forma Combined Statements of Operations (Unaudited)
Historical Three months ended June 27, 2003 $ 2,977 2,(18) 33 $ (20) $ Pro Forma Three months ended June 27, 2003 $ 2,977 2,9 (18) 56 $ 54
Sales... Cost of sales.. Gross profit.. Administrative and selling expenses.. Research and development expenses.. Purchased in-process research and development. Amortization of intangible assets.. Other (income) expense net. Operating income.. Interest expense, net.. Loss on sales of receivables.. (Losses) earnings before income taxes.. Income tax expense.. Net (losses) earnings...
Pro Forma Adjustments $ (7) (a) 7 (85) (b) 92 (5) (c) 74
(a) (b)
Reflects the elimination of the effects of a $7 million inventory write-up recorded as a result of the Acquisition. Reflects the elimination of the fair value of purchased in-process research and development expensed as a result of purchase accounting. Reflects adjustments to present pro forma net financing costs based upon our new capital structure and the initiation of our receivables facility. Reflects the tax effect of the above adjustments at the applicable tax rates.
TRW Automotive Holdings Corp. Reconciliation of Historical to Pro Forma Consolidated and Combined Statements of Operations (Unaudited)
Historical Successor Predecessor Four months ended June 27, 2003 $ 3,917 3,(24) 25 (16) 50 $ (66) $ Two months ended February 28, 2003 $ 1,916 1,31 $ Pro Forma Six months ended June 27, 2003 $ 5,790 5,(c) (d) (e) (f) 15 (21) 107 $ 102
Sales... Cost of sales.. Gross profit.. Administrative and selling expenses.. Research and development expenses. Purchased in-process research and development Amortization of intangible assets.. Other (income) expense net.. Operating income.. Interest expense, net.. Loss on sales of receivables.. (Losses) earnings before income taxes. Income tax expense... Net (losses) earnings..
Pro Forma Adjustments $ (43) (a) (99) (b) 56 (2) (85) 3 (1) 141 (17) (g) (17) (g) 137
Reflects the elimination of the sales of TRW Koyo Steering Systems Company (TKS), which was not transferred to us as part of the Acquisition. Reflects the elimination of $40 million of cost of sales of TKS, $12 million in pension and OPEB adjustments as a result of purchase accounting, the elimination of the effects of a $42 million inventory write-up recorded as a result of the Acquisition and $5 million net decrease in depreciation and amortization expense resulting from fair value adjustments to fixed assets and certain intangibles. Reflects the elimination of $1 million administrative and selling expense of TKS, the addition of $1 million in the annual monitoring fee payable to an affiliate of Blackstone and $2 million decrease in depreciation and amortization expense resulting from fair value adjustments to fixed assets and capitalized software. Reflects the elimination of the fair value of purchase in-process research and development expensed as a result of purchase accounting. Reflects the incremental increase in amortization resulting from assignment of fair value to certain intangibles. Reflects elimination of $1 million other expense related to TKS. Reflects adjustments to present pro forma net financing costs based upon our new capital structure and the initiation of our receivables facility. Reflects the tax effect of the above adjustments at the applicable tax rates.
(e) (f) (g)
TRW Automotive Holdings Corp. Historical and Pro Forma Consolidated Statements of Operations (Unaudited)
Historical Pro Forma Three months ended June 25, 2004 June 27, 2003 $ 3,163 $ 2,977 2,790 2,8 (12) 65 $ 75 $ (18) 190 73
Sales... Cost of sales.... Gross profit... Administrative and selling expenses.. Research and development expenses.. Amortization of intangible assets.. Other (income) net.. Operating income... Interest expense, net... Loss on retirement of debt.. Losses on sales of receivables.. Earnings before income taxes... Income tax expense... Net earnings... Basic earnings per share: Earnings per share... Weighted average shares.. Diluted earnings per share: Earnings per share... Weighted average shares..
0.62 86.8
0.60 90.3
TRW Automotive Holdings Corp. Historical and Pro Forma Consolidated and Combined Statements of Operations (Unaudited)
Historical Pro Forma Six months ended June 25, 2004 June 27, 2003 $ 6,086 $ 5,790 5,394 5,17 (16) 106 $ 77 $ (21) 107 102
1.18 86.8
1.15 89.0
TRW Automotive Holdings Corp. Reconciliation to Historical and Pro Forma EBITDA (unaudited)
The reconciliation schedule below should be read in conjunction with the TRW Automotive Holdings Corp. Form 10-K for the year ended December 31, 2003, which contains summary historical and pro forma financial data. The accompanying unaudited pro forma financial information is intended to give effect to the February 28, 2003 acquisition of the former TRW Inc.s automotive business by affiliates of The Blackstone Group L.P. from Northrop Grumman Corporation and the July 22, 2003 refinancing of a portion of debt entered into in connection with the acquisition, as if these transactions had occurred on January 1, 2003. The EBITDA measure calculated in the following schedule is a measure used by management to evaluate operating performance. Management believes that EBITDA is useful to investors because it is frequently used by securities analysts, institutional investors and other interested parties in the evaluation of companies in our industry. EBITDA is not a recognized term under GAAP and does not purport to be an alternative to net earnings (losses) as an indicator of operating performance or to cash flows from operating activities as a measure of liquidity. Because not all companies use identical calculations, this presentation of EBITDA may not be comparable to other similarly titled measures of other companies. Additionally, EBITDA is not intended to be a measure of free cash flow for managements discretionary use, as it does not consider certain cash requirements such as interest payments, tax payments and debt service requirements.
GAAP net (losses) earnings... Income tax expense.. Interest expense, net of interest income.. Loss on retirement of debt.. Loss on sales of receivables.. GAAP operating income... Pro forma adjustments: Inventory fair value adjustment.. Purchased in-process research and development.. Operating income... Depreciation and amortization.. EBITDA...
Historical Pro Forma Three months ended June 25, 2004 June 27, 2003 $ 75 $ (20) 1 98
$ 324 $
GAAP net (losses) earnings... Income tax expense.. Interest expense, net of interest income.. Loss on retirement of debt.. Loss on sales of receivables.. GAAP operating income... Pro forma adjustments: Inventory fair value adjustment.. Depreciation and amortization.. Purchased in-process research and development.. Other.... Operating income... Depreciation and amortization, net of a $5 million pro forma adjustment.... EBITDA(1)....
Historical Pro Forma Six months ended June 25, 2004 June 27, 2003 $ 77 $ (35) 48 226
$ 600 $
Reflects primarily non-cash decline in net pension and OPEB income of $39 million between the two first quarter periods. Restructuring and unusual charges for the first half were $13 million in 2004 and $12 million in 2003.
TRW Automotive Holdings Corp.
2004 Second Quarter Financial Results Conference Call Presentation
July 27, 2004
Introduction
Patrick Stobb
Director, Investor Relations
Second Quarter Summary
John C. Plant
President and Chief Executive Officer
TRW Automotive Holdings Corp. 2004
Safe Harbor Statement
This material contains statements that are not statements of historical fact, but instead are forward-looking statements. All forward-looking statements involve risks and uncertainties. Our actual results could differ materially from those contained in forward-looking statements made in this release. Such risks, uncertainties and other important factors which could cause our actual results to differ materially from those contained in our forward-looking statements are set forth in the TRW Automotive Holdings Corp. final prospectus dated as of February 2, 2004 (the "Prospectus") filed with the Securities and Exchange Commission (the "SEC") pursuant to Rule 424(b)(4), our Report on Form 10-K for the fiscal year ended December 31, 2003 (the 10-K), and our Report on Form 10-Q for the quarter ended March 26, 2004, and include: our substantial leverage; the highly competitive automotive parts industry and its cyclicality; pricing pressures from our customers; increasing costs for purchased components and raw materials; non-performance by, or insolvency of, our suppliers; product liability and warranty and recall claims; our dependence on our largest customers; limitations on flexibility in operating our business contained in our debt agreements; increases in interest rates; fluctuations in foreign exchange rates; the possibility that our owners' interests will conflict with ours; work stoppages or other labor issues and other risks and uncertainties set forth under "Risk Factors" in the Prospectus, in the 10-K and in our other SEC filings. We do not intend or assume any obligation to update any of these forward-looking statements.
Second Quarter Highlights
Achieved solid financial results measurably above high-end of guidance range, driven by: Better than expected European volumes Momentum of cost performance initiatives Sales of $3.2 billion, up 6% vs. 2003 Net Earnings of $75 million or $0.74 per diluted share, up $21 million, or 39% from prior year pro forma Total gross debt down $71 million from end of first quarter; $565 million year-to-date
Restructuring efforts on plan Closed Danville, Pennsylvania plant Headcount reductions in Western Europe Opened new plant in low-cost Eastern Europe (Romania) China efforts proceeding, exploring opportunities for growth 2004 net new sales awards at targeted levels Major volume win in occupant safety, air bags and seat belts Trend of wins indicative of present sales diversification Safety Sells strategic focus supporting revenue growth NHTSA making progress on side-impact requirements Final tire pressure monitoring decision expected this summer
Demand for Safety Products Supports Growth Expectations Demand for Safety Products Supports Growth Expectations
First Half 2004 Summary
Completed IPO Sales of $6.1 billion, up 5% vs. 2003 pro forma Net earnings of $77 million or $0.77 per share: Includes $48 million or $0.48 per share related to debt repayment transactions Earnings up 23% at $125 million or $1.26 per share, excluding debt repayment charges Total gross debt down $565 million from year-end 2003 Achieved operational and financial objectives
Per share amounts are based on weighted average diluted shares outstanding of 99.5 million shares.
Metal-Based Inflation
Metal-based inflationary pressures remains an industry-wide issue Pricing levels remain high in North America; extending to Europe and Asia First half impact lessened by: Active supply chain management Aggressive cost savings throughout the company Other favorable business variances Maintain cautious view regarding potential impact to the second half and beyond
Looking Ahead
2004 Production Forecast(1) (units in millions)
2003 2004
15.9 16.0
2004 Comments Lowering North American production to 16.0 million units to reflect weaker second half production Full-year Big 3 production expected to be down 3-4% compared to the prior year Third Quarter Big 3 production especially weak, down 5% yearover-year Europe production remains strong Industry-wide attention to safety related technologies and products remains at a high level
North America 18.8 19.3
Europe
(1) Source: Primarily CSM Worldwide and internal company estimates.
2004 Expectations- Revised Guidance
Sales of $11.6 to $11.8 billion Earnings per share of $1.22 to $1.32(1): Includes $48 million, or $0.48 per share for charges relating to debt repayment transactions Earnings per share of $1.70 to $1.80 excluding these charges Earnings per share guidance also includes: $33 million of amortization of intangibles (principally customer relationships) $35 million of restructuring charges EBITDA of $1,070 to $1,090 million(2)
(1) (2) Per share amounts based on weighted average diluted shares outstanding of approximately 101 million shares. Based on expected operating income in the range of $570 to $590 million, adding back expected depreciation and amortization of approximately $500 million.
Financial Overview
Joseph S. Cantie
Executive Vice President and Chief Financial Officer
Second Quarter 2004 Results
(dollars in millions)
QSales Operating Income Interest(2) Taxes Net Earnings Earnings Per Share
Effective Tax Rate Weighted Avg. Diluted Shares
QPro Forma(1) $ 2,(80) (56) $ $ 54 0.60
51% 90.3
2004 B/(W) 2003 $ 19 (9) $ 21
3,(61) (65)
75 0.74
46% 101.3
(1) (2)
Pro forma for the acquisition and July 2003 debt refinancing. Please refer to pages A5-A8 of the press release schedules that accompany this presentation for a reconciliation of pro forma to actual consolidated and combined financials. Includes interest expense and income for both years; Qalso includes loss on sales of receivables of $7 million; Qincludes $1 million for loss on debt retirement.
QNet Earnings Income Tax Expense Interest(2) Operating Income Depreciation and amortization EBITDA(3) $ $ $ 123 324
QPro Forma(1) $ 80 $ $ 312
Memo: Qincludes $15 million of unrealized currency exchange gains for inter-company loans, which did not recur in 2004
(1) (2) (3) Qis pro forma for the acquisition and July 2003 debt refinancing. For a reconciliation of pro forma to actual consolidated and combined sales please refer to pages A5-A8 of the press release schedules that accompany this presentation. Includes interest expense and income for both years; Qalso includes loss on sales of receivables of $7 million; Qincludes $1 million for loss on debt retirement. Please see page A9 of the press release schedules that accompany this presentation for a reconciliation of EBITDA to net earnings and our rationalization for using this metric.
First Half 2004 Results
1st Half 2004 Sales Operating Income Interest(2) Loss on Retirement of Debt Taxes Net Earnings Earnings Per Share
Weighted Avg. Diluted Shares Effective Tax Rate
1st Half 2004 Less Debt Charges $ 6,086 354
Excludes $48 million for debt repayment charges
1st Half 2003 Pro Forma(1) $ 5,(158) (107) $ $ 102 1.15
89.0 51%
6,(123) (48) (106)
(123) (106) 125 1.26
99.5 46%
77 0.77
99.5 58%
Pro forma for the acquisition and July 2003 debt refinancing. Please refer to pages A5-A8 of the press release schedules that accompany this presentation for a reconciliation of pro forma to actual consolidated and combined financials. Includes interest expense and income for both years; first-half 2003 also includes loss on sales of receivables of $8 million.
1st Half 2004 $ $ $ 600
1st Half Pro Forma(1) $ 158 $ $ 607
Net Earnings Income Tax Expense Interest(2) Loss on Retirement of Debt Operating Income Depreciation and amortization EBITDA(3)
Memo: Net Pension and OPEB income down $39 million in Qcompared to pro forma QQincludes $15 million of unrealized currency exchange gains for inter-company loans, which did not recur in 2004
(1) (2) (3) Pro forma for the acquisition and July 2003 debt refinancing. Please refer to pages A5-A8 of the press release schedules that accompany this presentation for a reconciliation of pro forma to actual consolidated and combined financials. Includes interest expense and income for both years; first-half 2003 also includes loss on sales of receivables of $8 million. Please see page A10 of the press release schedules that accompany this presentation for a reconciliation of EBITDA to net earnings and our rationalization for using this metric.
Deleveraging Continues
Net Debt(1)
$4,000 $3,500 $3,000 $2,500 $2,000 $1,500 $1,000 $500 $0 'Feb 28 'Sep 26 'Dec 31 'Mar 26 'Jun 25 $3,089 $2,923 $2,582 $2,456 $2,304 $3,437 $3,295 $2,964 $2,849 $2,709
Comments
Reduced debt by $71 million in Q2 2004, down $565 million year to date Net debt down $140 million in Q2 2004, down $255 year to date As of Jun 25, 2004, the Company had over $1 billion of liquidity $500 million revolver $400 million A/R facility $519 million of cash on balance sheet
Operating Co. Debt
PIK Seller Note
Net debt is equal to total indebtedness (including receivables facility) minus cash, cash equivalents and marketable securities. For net debt reconciliation to closest GAAP equivalent, please refer to the reconciliation on slide 19 of this presentation.
Third Quarter 2004 Expectations
Sales of approximately $2.7 billion Earnings per share of $0.09 to $0.14 Earnings per share guidance includes: $10 million of restructuring charges $8 million for amortization of intangibles (principally customer relationships)
Per share range based on weighted average diluted shares outstanding of approximately 102 million shares.
Defining Success in 2004
IPO completed on February 6, 2004 New business wins at planned rates Achieve financial commitments, including Sales and earnings Implement cost savings at targeted levels Complete restructuring actions Reduction in effective tax rate Strengthen balance sheet by lowering debt
Automotive
Net Debt Reconciliation (Support Slide)
3/1/03 $ 1,510 1,3,564 $ 3,$ 3,437 Period-End Balances 9/26/03 12/31/03 3/26/04 $ 399 $ 828 $ 1,469 1,3,338 $ 2,$ 3,1,480 1,3,426 $ 2,$ 2,1,263 1,2,921 $ 2,$ 2,849 6/25/04 $ 1,211 1,2,838 $ 2,$ 2,709 Cash Marketable securities Total Short term debt Long term debt: Term loan facilities Senior notes Senior subordinated notes Lucas Varity senior notes Other borrowings Total Short & Long Term Debt Net debt operating company Seller note Net debt TRW Holdings
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