Renesas Electronics Corporation · TSE:6723

Renesas Electronics — Q1 FY2014/3 Earnings Presentation

19 slides from Renesas Electronics's earnings presentation, Aug 2, 2013

  1. Slide 1: FY14/3 Q1 Financial Results

    FY14/3 Q1 Financial Results Renesas ルネサス Electronics Corporation エレクトロニクス株式会社 部署名 August 2, 2013 Rev. 0.00 - Tetsuya Tsurumaru, Representative Director, President and COO RENESAS Group CONFIDENTIAL 00000-A

  2. Slide 2: Agenda

    Agenda I. FY14/3 Q1 Financial Results II.FY14/3 Q2 Financial Forecasts © 2013 Renesas Electronics Corporation. All rights reserved. 2

  3. Slide 3: Executive Summary

    Executive Summary Ⅰ． FY14/3 Q1 Financial Results  Semiconductor sales were 189.6 B yen, an increase by 9.0% QoQ, mainly due to increased sales of automotive and mid/small sized display driver ICs, and favorable exchange rate.  Further reforms are required to ensure constant positive results, altho

  4. Slide 4: I. FY14/3 Q1 Financial Results

    I. FY14/3 Q1 Financial Results © 2013 Renesas Electronics Corporation. All rights reserved. 4

  5. Slide 5: FY14/3 Q1 Financial Snapshot

    FY14/3 Q1 Financial Snapshot FY13/3 FY14/3 (B yen) YoY QoQ Q1 Q4 Q1 (%) (%) 12.4 13.7 Net Sales 186.6 185.4 199.1 (＋6.7%) (＋7.4%) Semiconductor 21.4 15.7 168.2 173.9 189.6 (＋12.7%) (＋9.0%) Sales Operating -17.6 8.0 9.8 +27.4 +1.8 Income (Loss) Ordinary -17.6 8.7 8.5 +26.1 -0.1 Income (Loss) Net Inco

  6. Slide 6: Quarterly Financial Results

    Quarterly Financial Results FY13/3 FY14/3 Q1 Q2 Q3 Q4 Q1 (B yen) 222.8 2,228 191.0 199.1 1,991 Net Sales 1,910 1,854 186.6 1,866 185.4 205.3 189.6 168.2 177.2 173.9 2,053 Semi. Sales 1,682 1,772 1,739 1,896 8.0 80 9.8 98 Operating Income (Loss) -17.6 △ 176 △ 57 -5.7 -7.9 △ 79 © 2013 Renesas Electron

  7. Slide 7: Semiconductor Sales by Product Categories (1)

    FY14/3 Q1 Semiconductor Sales by Product Categories (1) FY13/3 FY14/3 (B yen) YoY QoQ Q1 Q4 Q1 Semiconductor +21.4 +15.7 168.2 173.9 189.6 (+12.7%) (+9.0%) Sales (Total) +10.2 +8.0 MCU 75.4 77.6 85.6 (+13.5%) (+10.3%) +10.6 +10.7 Analog & Power 54.7 54.6 65.3 (+19.3%) (+19.6%) +2.5 -2.2 SoC 34.4 39.

  8. Slide 8: Semiconductor Sales by Product Categories (2)

    FY14/3 Q1 Semiconductor Sales by Product Categories (2) General- purpose Sales of automotive MCU were solid, almost recovering from approx. the declined sales in China. MCU 45% Q1 Sales of general-purpose MCU increased QoQ mainly due to the Sales partial recovery of industrial applications, and th

  9. Slide 9: Operating Income (Loss) QoQ

    FY14/3 Q1 Operating Income (Loss) QoQ Inventory Influence of -3.2 reduction exchange rate (B yen) +5.9 Increased -2.8 R&D, SG&A +9.8 +8.0 +1.9 Increased profit from sales increase (excluding influence of exchange rate) FY13/3 Q4 FY14/3 Q1 *SG&A: Selling, general and administrative expenses © 2013 Re

  10. Slide 10: Net Income (Loss)

    FY14/3 Q1 Net Income (Loss) FY14/3 Q1 (B yen) Operating Non-operating loss: Net Loss -1.2 B yen Income +9.8 Special Income (loss): -8.7 B yen ＜Breakdown of special loss＞ Structural reforms of business and production such as 4th generation wireless modem business -4.0 Income taxes, minority interests

  11. Slide 11: Balance Sheets

    FY14/3 Q1 Balance Sheets As of Mar.31, As of Jun.30, (B yen) 2013 2013 Total Assets 669.1 668.4 Cash and Cash Equivalents 77.7 95.8 Inventories 151.3 143.7 Liabilities 591.2 588.1 Interest-Bearing Debt 306.4 299.4 Shareholders’ Equity 75.8 71.9 Net Assets 77.9 80.3 D/E Ratio (Gross) 4.59 4.41 D/E Ra

  12. Slide 12: Cash Flows

    FY14/3 Q1 Cash Flows FY13/3 FY14/3 (B yen) Q1 Q2 Q3 Q4 Q1 Cash Flows from Operating -18.1 4.6 -47.5 6.9 28.4 Activities Cash Flows from Investing -10.7 -9.8 -6.1 -16.6 -2.5 Activities Free Cash Flows -28.7 -5.2 -53.6 -9.7 25.9 © 2013 Renesas Electronics Corporation. All rights reserved. 12

  13. Slide 13: II. FY14/3 Q2 Financial Forecasts

    II. FY14/3 Q2 Financial Forecasts © 2013 Renesas Electronics Corporation. All rights reserved. 13

  14. Slide 14: Change in Disclosure Method for Financial Forecasts

    Change in Disclosure Method for Financial Forecasts <Before Change> Net income Operating Ordinary Net income Net sales (loss) per income (loss) income (loss) (loss) share Q2 (and Half-year) Full-year <After Change> Net income Operating Ordinary Net income Net sales (loss) per income (loss) income (l

  15. Slide 15: Q2 Consolidated Financial Forecasts

    FY14/3 Q2 Consolidated Financial Forecasts FY2013/3 FY2014/3 (B yen) Q2 Q1 Q2 YoY QoQ 1H Net Sales 222.8 199.1 208.9 -13.9 +9.8 408.0 Semiconductor 205.3 189.6 200.4 -4.9 +10.8 390.0 Sales Operating Income -5.7 9.8 4.2 +9.9 -5.6 14.0 (Loss) Ordinary Income -6.8 8.5 0 +6.8 -8.5 8.5 (Loss) Net Income

  16. Slide 16: Q2 Semiconductors Sales Forecast (QoQ)

    FY14/3 Q2 Semiconductors Sales Forecast (QoQ) Growth rate Factors of 【Semiconductor sales】 changes in Q2 +5.5% 【200.4】 (B yen) 【189.6】 <SoC> Approx. - Automotive SoCs (Car navigation) SoC 36.8 368 +15% grows steadily - Consumer SoCs increases by the growing demands for amusement Approx. <A&P> A&P 65

  17. Slide 17: Operating Income (Loss) of Q2 Forecast

    FY14/3 Operating Income (Loss) of Q2 Forecast Increased profit from sales increase (including Inventory reduction and influence of exchange rate) increase of -5.2 manufacturing fixed cost +3.6 +9.8 Increased (B yen) -4.0 R&D, SG&A +4.2 FY2014/3 Q1 FY2014/3 Q2 *SG&A: Selling, general and administrati

  18. Slide 18: Q2 Net Income (Loss) Forecast

    FY14/3 Q2 Net Income (Loss) Forecast FY2014/3 Q2 (B yen) Ordinary income (loss) Operating -4.2 Net loss income +4.2 Special income (loss) -32.0 <Breakdown of the special loss> Early retirement program -36.0 Structural reforms of business and production Income taxes, minority interests in income (los

  19. Slide 19: Renesas Electronics Corporation

    Renesas ルネサスElectronics Corporation エレクトロニクス株式会社 © 2013 Renesas Electronics Corporation. All rights reserved.

Renesas Electronics — Q1 FY2014/3 Earnings Presentation on 6ix