Slide 1: FY11/3 Q3 Financial Results
FY11/3 Q3 Financial Results Renesas Electronics Corporation January 28, 2011 Kazuaki Ogura, Executive Vice President © 2011 Renesas Electronics Corporation. All rights reserved.
Slide 2: Forward-Looking Statements
(FOREWARD-LOOKING STATEMENTS) FY10/3 consolidated results are sum of respective results of the former NEC Electronics Corporation and the former Renesas Technology Corp. The amount of “Net sales” and “Sales from semiconductors” are presented by rearranging the former Renesas Technology’s sales accou
Slide 3: Executive Summary
Executive Summary ■ Operating profit in the three months ended December 31, 2010 increased due to improved cost of sales ratio and streamlining of R&D cost through merger synergies and product portfolio review. ■ Aim to achieve full-year operating profit of 7.0 billion. 3 © 2011 Renesas Electronics
Slide 4: I. FY11/3 Q3 Financial Results
I. FY11/3 Q3 Financial Results 4 © 2011 Renesas Electronics Corporation. All rights reserved.
Slide 5: Q3 Financial Snapshot
FY11/3 Q3 Financial Snapshot Q3 sales decreased by 7% QoQ Operating profit increased due to cost improvement and streamlining of R&D cost FY11/3 (B Yen) Q3 Q2 QoQ Net Sales 275.2 295.4 -20.3 Semiconductor Sales 244.4 263.5 -19.1 Operating Income 3.4 1.1 +2.3 (Loss) Ordinary Income 1.1 -4.3 +5.3 (Los
Slide 6: Q3 Semiconductor Sales (QoQ)
Q3 Semiconductor Sales (QoQ) Despite strong sales in overseas market, sales of both Analog & Power devices and SoCs decreased due to a downturn in demand for consumer electronics in the Japanese market FY11/3 (B Yen) Q3 Q2 QoQ （％） Sales from Semiconductors 244.4 263.5 -7％ MCU 93.9 95.9 -2％ Analog &
Slide 7: Factors in Operating Income in QoQ Comparison
Factors in Operating Income in QoQ Comparison Q3 operating income increased QoQ (B Yen) 3.4 1.1 Improved cost of sales ratio: Approx. -5.0 B Yen FY11/3 Q2 FY11/3 Q3 Decreased GP from Decreased selling, general and decreased semiconductor administrative expenses: sales (including currency +3.7 B Yen
Slide 8: Balance Sheets
Balance Sheets As of As of Sep. 30, As of Dec. 31, Apr. 1, 2010 (After the capital 2010 2010 (B yen) injection) Total Assets 1,215.4 1,162.7 1,151.3 Cash and Cash Equivalents 337.7 331.8 334.3 Inventories 126.6 135.9 144.0 Liabilities 801.7 799.2 808.4 Interest-Bearing Debt 372.0 374.4 366.7 Shareho
Slide 9: Cash Flow
Cash Flow FY11/3 (B Yen) 9 months Q1 Q2 Q3 Cumulative Cash Flows from Operating -2.0 35.0 53.9 86.9 Activities Cash Flows from Investing -14.4 -18.4 -39.0 -71.8 Activities Free Cash Flows -16.4 16.6 15.0 15.1 9 © 2011 Renesas Electronics Corporation. All rights reserved.
Slide 10: II. FY11/3 2H and Full-Year Forecasts
Ⅱ. FY11/3 2H and Full-Year Forecasts 10 © 2011 Renesas Electronics Corporation. All rights reserved.
Slide 11: Financial Forecasts
FY11/3 Financial Forecasts Revised full-year and second-half sales due to lower-than-expected recovery of domestic demand. Due to realization of merger synergies and cost of sales reduction, operating income remain unchanged from the original forecast. FY11/3 (B Yen) Q4 Full-Year Difference from 1H
Slide 12: Forecast for FY11/3 Q4 Semiconductor Sales
Forecast for FY11/3 Q4 Semiconductor Sales Expect Q4 semiconductor sales to increase in all product areas Sales from (B Yen) semiconductors Sales Overview by BU (QoQ) 244.4 260.6 +7% MCU [↑]: Demands for automotive MCUs are expected to recover. Q3→Q4 Demands for general-purpose MCU +10% +10％ MCUs ar
Slide 13: Q4 MCU Sales Forecast
FY11/3 Q4 MCU Sales Forecast (B Yen) Sales Overview by business segment (QoQ) Market Company’s Outlook Trend Breakdown of MCU Business Q4 Q4 +10％ 93.9 Continue to expect steady Automotive demand from China and other Automotive emerging markets. 45% Expect recovery in demand General-purpose from Japa
Slide 14: Q4 Analog & Power Device Sales Forecast
FY11/3 Q4 Analog & Power Device Sales Forecast Sales Overview by business segment (QoQ) Market Trend Company’s Outlook Q4 Q4 (B Yen) Power device Expect demands from consumer electronics and Breakdown of Analog & automobiles to recover after Power Devices Business completion of inventory adjustments
Slide 15: Q4 SoC Sales Forecast
FY11/3 Q4 SoC Sales Forecast Sales Overview by business segment (QoQ) Market Trend Company’s Outlook Q4 Q4 Expect low demand for (B Yen) communication SoCs in Japan. Mobile Expect solid demand for image Breakdown of SoC processing SoCs with increasing Business demand for smartphones. 76.1 +3％ Expect
Slide 16: 2H Operating Income (Loss) Forecasts (QoQ Comparison)
FY11/3 2H Operating Income (Loss) Forecasts (QoQ Comparison) (B Yen) 3.4 2.9 Increased R&D cost from acquisition of Nokia wireless modem business: Approx. 2.0 B Yen FY11/3 Q3 FY11/3 Q4 Increased expenses: Increased GP from Approx. 4.5 B Yen increased semiconductor sales: Approx. 6.0 B Yen 16 © 2011
Slide 17: Progress on the 100-Day Project
Progress on the 100-Day Project Implementing plans formulated through the 100-Day Project as scheduled Major Plans Progress Early retirement program Application from Jan 17 to Feb 15 Under way Transfer resources to dealerships and Sales related measures (Oct 1) Complete, Others Measures to other
Slide 18: Summary
Summary Q4 sales are expected to increase QoQ despite the uncertain market condition Target full-year operating profit of 7.0 billion yen Continue to promote structural reform plans formulated through the 100-Day Project 18 © 2011 Renesas Electronics Corporation. All rights reserved.
Slide 19: Renesas Electronics Corporation
Renesas Electronics Corporation © 2011 Renesas Electronics Corporation. All rights reserved.