Renesas Electronics Corporation · TSE:6723
Renesas Electronics — Q3 2025 Earnings Presentation
22 slides from Renesas Electronics's earnings presentation, Oct 30, 2025
Slide 1: 3Q 2025 Presentation
3Q 2025 PRESENTATION RENESAS ELECTRONICS CORPORATION OCTOBER 30, 2025 © 2025 Renesas Electronics Corporation. All rights reserved.
Slide 2: Altium Business Update
ALTIUM BUSINESS UPDATE Progress to date Pivot To come ▪ Cost synergy ▪ Pivot from a product company to a ▪ Renesas 365 to debut by year-end ▪ Organic growth platform ▪ Platform metrics to be set by full- ▪ Revenue synergy initiated ▪ Accelerate scaling year earnings (e.g. up-leveling, ▪ Renesas 365
Slide 3: Progress To Date
PROGRESS TO DATE Group ARR*1 Progression Cost synergy Immediate cuts completed +15% YoY in 1Q25 Organic growth Group ARR grew 15% YoY Revenue synergy initiated Enterprise cross-sell launched Pivot from a product company to a platform Renesas 365 in development; 3Q24 3Q25 revenue recognition policy c
Slide 4: Non-GAAP Basis Information
NON-GAAP BASIS INFORMATION In this section, Renesas Electronics Group (hereinafter “the Group”) applies non-GAAP financial measures (hereinafter “non-GAAP basis”) used for management’s decision making. Non-GAAP figures are calculated by removing or adjusting non-recurring items and other adjustments
Slide 5: Disclaimer
DISCLAIMER ▪ Adoption of IFRS: With the outlook that the Group will continue to expand globally and to provide financial figures that can be compared on a global scale, the Group discloses its consolidated financial statements in accordance with IFRS starting from the annual securities report for FY
Slide 6: 3Q 2025 Financial Snapshot
3Q 2025 FINANCIAL SNAPSHOT NON-GAAP 2024 2025 (B yen) 3Q 3Q Change 9 months Change 3Q 9 months 2Q (Jul-Sep) (Jul-Sep) YoY QoQ from Jul 25 (Jan-Sep) YoY from Jul 25 (Jul-Sep) (Jan-Sep) (Apr-Jun) Forecast Actual FCT*1 Actual FCT*1 330.0 Revenue 345.3 1,055.9 324.6 334.2 -3.2% +2.9% +1.3% 967.6 -8.4% +
Slide 7: 3Q 2025 Revenue and Gross / Operating Margin
3Q 2025 REVENUE AND GROSS / OPERATING MARGIN NON-GAAP vs FCT Industrial / Company Total Automotive Infrastructure / IoT ✓ Revenue: ✓ Gross Margin: (+) Mix improvement, Increased utilization ✓ Operating Margin: Revenue 334.2 B yen 159.2 B yen 173.7 B yen (+) Shift of R&D expenses to 4Q25, vs FCT: +1.
Slide 8: Quarterly Revenue Trends
QUARTERLY REVENUE TRENDS NON-GAAP (B yen) Automotive Industrial/Infrastructure/IoT Others 450 Revenue 400 361.9 358.8 YoY: -3.2% 351.8 345.3 2.2 2.2 324.6 334.2 QoQ: +2.9% 2.1 1.6 350 308.8 1.3 292.6 1.5 2.7 300 3.0 Automotive 172.0 178.2 190.4 159.2 YoY: -14.1% 250 185.5 161.8 155.3 QoQ: -1.6% 148.
Slide 9: Quarterly Business Trends
QUARTERLY BUSINESS TRENDS NON-GAAP Gross Profit (Margin) Operating Profit (Margin) YoY: +1.7pts YoY: +2.4pts Gross Profit Gross Margin QoQ: +0.8pt Operating Profit Operating Margin QoQ: +2.6pts (B yen) (B yen) 56.4% 56.7% 56.7% 57.6% 40% 200 55.9% 56.8% 60% 200 54.9% 56.7% 150 150 31.9% 32.3% 30.8%
Slide 10: Inventory
INVENTORY In-House Inventory*1 Sales Channel Inventory*3 In-House Inventory/DOI (Financial Accounting Basis) (Management Accounting Basis*4) ✓ 3Q Results: Increased (Days) (Weeks) DOI*2 WOI*5 WIP: Increase Diebank 18 120 ✓ 4Q Forecast: Increase 12 WIP: Increase Diebank, Production based on 90 6 dema
Slide 11: Front-End Utilization Rate and Capital Expenditures
FRONT-END UTILIZATION RATE*1 AND CAPITAL EXPENDITURES*2 FRONT-END UTILIZATION RATE CAPITAL EXPENDITURES (WAFER INPUT BASIS) Total 6-inch line (B yen) Capital Expenditures % Revenue Ratio 8-inch line 12-inch line 100% 40 10.2% 80% 30 60% 6.4% 20 5.3% 5.9% 40% 3.9% 3.4% 4.1% 10 2.6% 20% 0% 0 4Q 1Q 2Q
Slide 12: 4Q and Full Year 2025 Forecast
4Q AND FULL YEAR 2025 FORECAST NON-GAAP 2024 2025 4Q (B yen) (Oct-Dec) Full year 4Q Full year 3Q Midpoint YoY QoQ (Jan-Dec) YoY (Oct-Dec) (Jan-Dec) (Jul-Sep) Forecast Forecast (Range)*1 340.0 +16.2% +1.7% 1,307.6 -3.0% Revenue 292.6 1,348.5 334.2 (±7.5) (±2.6pts) (±2.2pts) (±7.5) (±0.6pt) Revenue (E
Slide 13: Appendix
APPENDIX The figures in this section are mainly based on segment disclosure and GAAP (IFRS) stated on a financial reporting basis and are provided as additional information. © 2025 Renesas Electronics Corporation. All rights reserved. Page 13
Slide 14: Revenue and Gross Profit by Segment
REVENUE AND GROSS PROFIT BY SEGMENT NON-GAAP 2024 2025 (B yen) 1Q 2Q 3Q 4Q Full-Year 1Q 2Q 3Q 9 months YoY QoQ YoY (Jan-Mar) (Apr-Jun) (Jul-Sep) (Oct-Dec) (Jan-Dec) (Jan-Mar) (Apr-Jun) (Jul-Sep) (Jan-Sep) Revenue 351.8 358.8 345.3 292.6 1,348.5 308.8 324.6 334.2 -3.2% +2.9% 967.6 -8.4% Automotive 17
Slide 15: Operating Profit and EBITDA by Segment
OPERATING PROFIT AND EBITDA*1 BY SEGMENT NON-GAAP 2024 2025 (B yen) 1Q 2Q 3Q 4Q Full-Year 1Q 2Q 3Q 9 months YoY QoQ YoY (Jan-Mar) (Apr-Jun) (Jul-Sep) (Oct-Dec) (Jan-Dec) (Jan-Mar) (Apr-Jun) (Jul-Sep) (Jan-Sep) Operating Profit 113.5 110.6 98.4 75.4 397.9 83.8 91.9 103.2 +4.8 +11.3 278.9 -43.6 (Margi
Slide 16: Statement of Financial Position
STATEMENT OF FINANCIAL POSITION GAAP (B yen) 24/3 24/6 24/9 24/12 25/3 25/6 25/9 Total Assets 3,233.7 3,663.0 4,201.6 4,490.4 4,195.5 3,872.2 4,012.7 Cash and Cash Equivalents*1 231.8 288.4 239.1 229.2 177.6 211.1 238.4 Inventories 171.4 178.1 173.1 176.5 175.6 165.7 174.5 Goodwill 1,453.8 1,589.1 2
Slide 17: GAAP / Non-GAAP Reconciliation
GAAP / NON-GAAP RECONCILIATION 2024 2025 (B yen) 3Q (Jul-Sep) Full Year (Jan-Dec) 3Q (Jul-Sep) Gross Operating Net Gross Operating Net Gross Operating Net EBITDA EBITDA EBITDA Profit Profit Profit*1 Profit Profit Profit*1 Profit Profit Profit*1 Non-GAAP 192.8 98.4 86.0 121.4 756.3 397.9 360.4 486.2
Slide 18: 3Q 2025 Consolidated Operating Profit
3Q 2025 CONSOLIDATED OPERATING PROFIT BRIDGE FROM NON-GAAP TO GAAP (B yen) 103.2 Former-Intersil PPA Effects Former-IDT PPA Effects Former-Dialog PPA Effects 72.6 Former-Altium Other PPA Effects PPA Effects Stock-Based Others Compensation Recurring Items Non-Recurring Items Non-GAAP GAAP © 2025 Rene
Slide 19: 3Q 2025 Financial Snapshot (GAAP)
3Q 2025 FINANCIAL SNAPSHOT GAAP 2024 2025 (B yen) 3Q 9 months 2Q 3Q 9 months YoY QoQ YoY (Jul-Sep) (Jan-Sep) (Apr-Jun) (Jul-Sep) (Jan-Sep) Revenue 345.3 1,055.9 325.5 335.4 -2.9% +3.0% 969.7 -8.2% Gross Margin 55.7% 55.9% 55.7% 57.3% +1.7pts +1.6pts 56.4% +0.4pt Operating Profit 53.4 200.9 39.8 72.6
Slide 20: Wolfspeed Status Update
WOLFSPEED STATUS UPDATE Holding structure Value of assets Financial impact in 3Q25 Post-RSA*1 asset and equity At 2Q end At 3Q end*3 c.$299mm (44.5bn yen)*4 gain interests P/L 8.74 億米ドル from mark to market evaluation (Fully diluted basis) (130.1bn yen)*4 Recorded 2nd lien convertible notes $204mm B/
Slide 21: Renesas At a Glance
RENESAS AT A GLANCE 2024 Highlight*1 Growth Trajectory*1 Revenue Gross Operating 1,500 (B yen) Margin Margin 60% Revenue Operating Margin FCF Margin *2 1,348.5 B yen 29.5% 12.5% 1,000 40% Gross Margin EBIDTA Margin EPS 500 20% 56.1% 36.1% 201.53 yen 0 0% 2019 2020 2021 2022 2023 2024 Revenue Composi
Slide 22: Renesas.com (Forward-Looking Statements)
Renesas.com (FORWARD-LOOKING STATEMENTS) The statements in this presentation with respect to the plans, strategies and forecasts of Renesas Electronics and its consolidated subsidiaries (collectively “we”) are forward-looking statements involving risks and uncertainties. Such forward looking stateme