Slide 1: FY13/3 Financial Results
FY13/3 Financial Results Renesas Electronics Corporation May 9, 2013 Tetsuya Tsurumaru, President © 2013 Renesas Electronics Corporation. All rights reserved.
Slide 2: Executive Summary
Executive Summary I. FY13/3 Financial Results FY13/3 full-year semiconductor sales were 724.7 B yen, a decrease by 7.8% YoY, mainly due to the continued downturn of the global market. Operating loss was recorded in FY13/3 mainly due to a sales decrease despite implementation of cost reduction me
Slide 3: I. FY13/3 Financial Results
I. FY13/3 Financial Results © 2013 Renesas Electronics Corporation. All rights reserved. 3
Slide 4: FY13/3 Financial Snapshot
FY13/3 Financial Snapshot FY13/3 Difference Q4 QoQ 2nd half from previous Full-year YoY (B yen) forecasts Net Sales 185.4 -5.6 376.4 +15.8 785.8 -97.3 Semiconductor Sales 173.9 -3.3 351.1 +13.7 724.7 -61.4 Operating Income (Loss) 8.0 +16.0 0.1 +2.8 -23.2 +33.5 Ordinary Income (Loss) 8.7 +19.8 -2.4 +
Slide 5: Quarterly Financial Results
FY13/3 Quarterly Financial Results FY13/3 Q1 Q2 Q3 Q4 (B yen) Net Sales 222.8 2,228 186.6 191.0 1,910 185.4 1,854 1,866 Semi. Sales 168.2 205.3 177.2 173.9 Operating +8.0 Income (Loss) △5.7 △7.9 △17.6 © 2013 Renesas Electronics Corporation. All rights reserved. 5
Slide 6: Semiconductor Sales by Business (1)
FY13/3 Semiconductor Sales by Business (1) FY13/3 QoQ YoY (B yen) Q4 （％） Full Year （％） Semiconductor Sales (Total) 173.9 -1.8% 724.7 -7.8% MCU 77.6 +9.0% 305.2 -9.3% Analog & Power 54.6 -5.5% 235.2 -3.5% ＳｏＣ 39.1 -13.4% 173.5 -13.7% Other Semiconductors 2.7 10.8 © 2013 Renesas Electronics Corporatio
Slide 7: Semiconductor Sales by Business (2)
FY13/3 Semiconductor Sales by Business (2) General- purpose General-purpose MCU sales were down approx. 15% YoY due to a approx. sales decrease in industrial and consumer applications mainly caused MCU 45% by the continued downturn of the global market. FY13/3 Automotive MCU sales kept almost the
Slide 8: Q4 FY13/3 Operating Income (Loss) QoQ
Q4 FY13/3 Operating Income (Loss) QoQ FY13/3 FY13/3 Q3 Expense Q4 reduction (R&D, SG&A*1) +8.0 (B yen) +2.6 Cost reduction (Fixed manufacturing cost) +12.3 Lower profit from sales decrease (excluding currency impact) -7.9 Influence of exchange rate -5.2 +6.3 *SG&A: Selling, general and administrativ
Slide 9: FY13/3 Net Income (Loss)
FY13/3 Net Income (Loss) FY13/3 Full-year <Breakdown of special loss> (B yen) -Early retirement program in Japan: 84 B yen Operating -Business and production reforms : 36 B yen Net Loss Loss -Others: 14 B yen -TOTAL: 133.9 B yen -23.2 Non-operating loss: -3.6 B yen Special loss: -130.9 B yen -167.6
Slide 10: Q4 FY13/3 Net Income (Loss)
Q4 FY13/3 Net Income (Loss) Q4 FY13/3 <Breakdown of special loss> (B yen) -Business and production reforms : 8.5 B yen Operating -Others: 2.0 B yen Net Loss Income -TOTAL: 10.5 B yen +8.0 Non-operating income: +0.7 B yen Special loss: -10.1 B yen -5.9 Income taxes, minority interests in income (loss
Slide 11: Balance Sheets
FY13/3 Balance Sheets As of Apr. 1, As of Dec. 31, As of Mar. 31, (B yen) 2012 2012 2013 Total Assets 858.2 716.7 669.1 Cash and Cash Equivalents 131.9 95.1 77.7 Inventories 151.8 149.3 151.3 Liabilities 631.7 643.3 591.2 Interest-Bearing Debt 258.3 316.2 306.4 Shareholders’ Equity 243.4 81.7 75.8 N
Slide 12: Cash Flows
FY13/3 Cash Flows FY13/3 (B yen) Q1 Q2 Q3 Q4 Full-year Cash Flows from Operating -18.1 4.6 -47.5 6.9 -54.1 Activities Cash Flows from Investing -10.7 -9.8 -6.1 -16.6 -43.2 Activities Free Cash Flows -28.7 -5.2 -53.6 -9.7 -97.3 © 2013 Renesas Electronics Corporation. All rights reserved. 12
Slide 13: II. Progress of Structural Reforms
II. Progress of Structural Reforms © 2013 Renesas Electronics Corporation. All rights reserved. 13
Slide 14: Measures regarding Company Organization and Human Resources
1. Measures regarding Company Organization and Human Resources Speed up decision-making and achieve increased adequacy and efficiency in business operations Restructure company organization including design, Purpose development, production, and sales in accordance with our growth strategy Impr
Slide 15: Production Reforms: (1) Stable Supply
2. Measures regarding Production Reforms: (1) Stable Supply In the past Future Customer Customer Outsource Outsource Outsource (foundry) (foundry) (foundry) Continue stable supply by enhancement of fab-network © 2013 Renesas Electronics Corporation. All rights reserved. 15
Slide 16: Production Reforms: (2) Progress of Production Realignment
2. Measures regarding Production Reforms: (2) Progress of Production Realignment Sites/Lines after Current Direction Production Sites/Lines Structural Reforms Enlarge and miniaturize wafers Front- Outsource leading-edge products 9 Sites 7 Sites end Continue in-house production of 14 Lines 9 Li
Slide 17: FY14/3 Forecasts
FY14/3 Forecasts We do not present the consolidated forecast for FY14/3 at this point since we are awaiting the capital injection by Innovation Network Corporation of Japan and 8 companies, which was approved at the extraordinary shareholders’ meeting held on February 22, 2013, and are developing
Slide 18: Renesas Electronics Corporation
Renesas Electronics Corporation © 2013 Renesas Electronics Corporation. All rights reserved.