Renesas Electronics Corporation · TSE:6723

Renesas Electronics — Merger or Acquisition (September 2016)

14 slides from Renesas Electronics's merger presentation, Sep 13, 2016

1. Slide 1: Renesas and Intersil: Clear Path to Become World's Leading Embedded Solutions Provider

   RENESAS AND INTERSIL CLEAR PATH TO BECOME WORLD’S LEADING EMBEDDED SOLUTIONS PROVIDER September 13, 2016 © 2016 Renesas Electronics Corporation. All rights reserved.

2. Slide 2: Transaction Summary

   TRANSACTION SUMMARY  $22.50 per share in cash Per Share Consideration  Premium of 43.9%(1) to Intersil’s unaffected closing share price on August 19, 2016  $3.2 billion equity value Transaction Value  $3.0 billion enterprise value Source of Financing  100% cash on hand  Approval by Intersil sh

3. Slide 3: Capital Allocation

   Organic In-Organic CAPITAL ALLOCATION DISTINGUISHED STRATEGIC APPROACHES TO BECOME #1 IN FOCUSED INDUSTRIES Automotive Industrial Broad-based, etc. Organic + In-Organic Approaches Intensive R&D Spend to Stay MCUs Leveraging Renesas’ as an Industry Leader Market Recognition Strategic Partnerships and

4. Slide 4: Intersil Snapshot

   The Gartner Report(s) described herein, (the "Gartner Report(s)") represent(s) research opinion or viewpoints published, as part of a syndicated subscription service, by Gartner, Inc. ("Gartner"), and are not representations of fact. Each Gartner Report speaks as of its original publication date (an

5. Slide 5: Intersil Snapshot (Cont'd)

   INTERSIL SNAPSHOT (CONT’D) SUCCESSFUL IMPROVEMENT IN THE QUALITY OF THE BUSINESS THROUGH ITS BUSINESS TRANSFORMATION INITIATIVES UNDER THE CURRENT SOUND LEADERSHIP Historical Revenue and Gross Profit Margin Revenue by Market REVIEW & REBALANCE IMPROVE & STABILIZE  Add horsepower to  Reduce opex to

6. Slide 6: Compelling Strategic and Financial Benefits

   COMPELLING STRATEGIC AND FINANCIAL BENEFITS Combination increases its addressable market with more comprehensive product offering Innovative embedded solution provider across strategically focused spaces with synergistic product portfolio Complementary product portfolio and larger global footprint g

7. Slide 7: Complementary Revenue Profile

   COMPLEMENTARY REVENUE PROFILE STRENGTHEN INDUSTRY COMPETITIVENESS WORLDWIDE By Product (1)(2) By Market Segment (1) Others Analog ASSP Others (OA/PC & Telecom etc.) Automotive Logic Computing Power 5% 10% 8% 10% Automotive 12% 10% 3% 17% 20% Consumer 50% Consumer 18% 35% Industrial 75% 89% 20% 12% L

8. Slide 8: Expansion of Served Available Market

   EXPANSION OF SERVED AVAILABLE MARKET TODAY CROSS-SELL EMBEDDED SOLUTION $42B (USD mm) 5,995 +1.1B 5,643 $35B 5,361 5,085 Others 4,873 20,930 21,787 +3.9B 19,874 17,878 18,738 Analog +2.5B 12,583 13,241 13,983 14,545 MCU 12,024 (Total +7.5B) 2016 2017 2018 2019 2020 2016 － 2020 Source: Renesas Electr

9. Slide 9: Cross-Sell Synergy

   CROSS-SELL SYNERGY COMPLEMENTARY PRODUCT PORTFOLIO AND REGIONAL COVERAGE GENERATE ENHANCED CROSS SELLING OPPORTUNITIES WORLDWIDE Customers MCU, SoC, Power Analog ICs Products MCU SoC Power Converters PMIC Regulators © 2016 Renesas Electronics Corporation. All rights reserved. Page 9

10. Slide 10: Embedded Solution for Multiple Market Segments

    EMBEDDED SOLUTION FOR MULTIPLE MARKET SEGMENTS Energy POWER MANAGEMENT Data Processing SENSING PROCESSING ACTUATION with SECURITY CONNECTIVITY HUMAN INTERFACE Communication © 2016 Renesas Electronics Corporation. All rights reserved. Page 10

11. Slide 11: Financial Synergy Opportunities

    FINANCIAL SYNERGY OPPORTUNITIES Cross-Sell Embedded Solution  Minimal customer, product and regional overlap  Integration opportunities with MCU/SoC + Analog  Increased relevance and content expansion to  Renesas’ R-Car + Intersil’s PMIC existing customers and channel partners  Renesas’ RH850 +

12. Slide 12: Values to Our Stakeholders

    VALUES TO OUR STAKEHOLDERS  Highly complementary businesses accelerate product/technology development to address customers’ system requirements Customers  Synergistic and broader range of product offerings enable “one-stop” system solution proposition  Accessibility to extensive offering of quali

13. Slide 13: Page 13

    © 2016 Renesas Electronics Corporation. All rights reserved. Page 13

14. Slide 14: Forward-Looking Statements

    FORWARD-LOOKING STATEMENTS This presentation contains certain statements that are “forward-looking statements” within the meaning of the securities laws. Renesas Electronics Group (hereinafter “Renesas”) and Intersil Corporation (hereinafter “Intersil”) have identified some of these forward-looking

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