Slide 1: FY14/3 Q3 Financial Results
FY14/3 Q3 Financial Results Renesas Electronics Corporation February 6, 2014 Hidetoshi Shibata, Executive Vice President, Member of the Board and CFO
Slide 2: I. FY14/3 Q3 Financial Results; II. FY14/3 Financial Forecasts
I. FY14/3 Q3 Financial Results II. FY14/3 Financial Forecasts © 2014 Renesas Electronics Corporation. All rights reserved. 2
Slide 3: Executive Summary
Executive Summary I. FY14/3 Q3 Financial Results Despite a decline in sales from seasonal factors, semiconductor sales remained almost the same level as the previous quarter, covered by steady sales of automotive and industrial devices Secured operating profit by four quarters in a row with 30.0
Slide 4: I. FY14/3 Q3 Financial Results
I. FY14/3 Q3 Financial Results © 2014 Renesas Electronics Corporation. All rights reserved. 4
Slide 5: Q3 Financial Results
FY14/3 Q3 Financial Results Secured operating profit by four quarters in a row with 30.0 billion yen operating income, increase by 19.1 billion yen QoQ, mainly due to improved profit from the reduction of fixed cost through the structural reforms Net income was 23.0 billion yen, mainly due to sp
Slide 6: Quarterly Financial Results
Quarterly Financial Results Semiconductor sales remained flat from the previous quarter, and increased by 17.2% YoY Secured operating profit by four quarters in a row, due to the reduction of fixed costs from implementing structural reform measures FY13/3 FY14/3 (B yen) Q1 Q2 Q3 Q4 Q1 Q2 Q3 222.
Slide 7: Q3 Semiconductor Sales by Product Categories (1)
FY14/3 Q3 Semiconductor Sales by Product Categories (1) Despite a decline in sales from seasonal factors, semiconductor sales remained almost the same level as the previous quarter, covered by steady sales of automotive and industrial devices FY13/3 FY14/3 (B Yen) Q3 Q2 Q3 YoY QoQ Semiconductor +3
Slide 8: Q3 Semiconductor Sales by Product Categories (2)
FY14/3 Q3 Semiconductor Sales by Product Categories (2) Automotive Sales of automotive MCU increased by a mid-single digit percent QoQ, Approx. mainly due to strong demand from car makers in Japan, whose seasonal 55％ MCU General- peak of production occur in this quarter. Q3 purpose Despite strong
Slide 9: Q3 Operating Income (Loss) in QoQ Comparison
FY14/3 Q3 Operating Income (Loss) in QoQ Comparison Although semiconductor sales were flat from the previous quarter, operating income for the three months ended December 31, 2013 was 30.0 billion yen, due to the reduction of fixed cost from structural reforms Decrease in R&D and SG&A +30.0 (B Yen
Slide 10: Q3 Operating Income in Comparison with Forecasts
FY14/3 Q3 Operating Income (Loss) in Comparison with Forecasts (As of October 30, 2013) Operating income improved by 14.0 billion yen from the previous forecast, mainly due to decreased cost from the company’s efforts focusing thoroughly on profits, in addition to improved profit from increase in
Slide 11: Q3 Net Income (Loss)
FY14/3 Q3 Net Income (Loss) Net income was 23.0 billion yen, mainly due to recording of special income of 15.5 billion yen from gain on LTE modem business transfer etc., despite the recording of special impairment loss etc. of 16.4 billion yen through asset transfer of Tsuruoka factory Special inc
Slide 12: Balance Sheets
Balance Sheets Equity ratio rose to above 30% and financial standing has been improving (B Yen) As of Mar. 31, 2013 As of Sep. 30, 2013 As of Dec. 31, 2013 Total Assets 669.1 796.2 795.8 Cash and Cash 77.7 239.3 266.0 Equivalents Inventories 151.3 136.7 128.5 Liabilities 591.2 574.4 543.6 Interest
Slide 13: Q3 Cash Flows
FY14/3 Q3 Cash Flows Retained positive free cash flows by three quarters in a row by continuously securing operating income FY13/3 FY14/3 (B yen) 9 months 9 months Q3 cumulative Full-year Q1 Q2 Q3 cumulative (Apr-Dec) (Apr-Dec) Cash Flows from Operating -47.5 -61.0 -54.1 28.4 9.0 33.9 71.4 Activit
Slide 14: II. FY14/3 Financial Forecasts
II. FY14/3 Financial Forecasts 14
Slide 15: FY14/3 Consolidated Financial Forecasts
FY14/3 Consolidated Financial Forecasts While semiconductor sales are expected to increase by 9.0% YoY, mainly due to strong sales of automotive and small- to medium- sized display driver ICs, if currency impact was excluded, they are expected to decline by several percent as a result of the imp
Slide 16: Forecast for FY14/3 Q4 Semiconductor Sales (QoQ Comparison)
Forecast for FY14/3 Q4 Semiconductor Sales (QoQ Comparison) Growth (B Yen) rate 【Semiconductor Sales】 【207.6】 -10.9% 【185.0】 [Major factors affecting Q4 semiconductor sales] SoC 43.8 -13 to -17% ・Expect automotive products for all three product segments to show steady growth A&P 72.4 -16 to -20% ・Wh
Slide 17: Q4 Operating Income (Loss) Forecasts (QoQ Comparison)
FY14/3 Q4 Operating Income (Loss) Forecasts (QoQ Comparison) Operating income is expected to decrease by 26.0 billion yen, due to various expenses concentrated in the year-end, in addition to decreased profit from decline in sales and production Decreased profit from (B Yen) sales decline (includi
Slide 18: Q4 Net Income (Loss) Forecasts
FY14/3 Q4 Net Income (Loss) Forecasts Net loss is expected to be 32.0 B yen, mainly due to recording of special loss of 29.0 billion yen FY14/3 Q4 (B Yen) Special income (loss) -29.0 B Yen Operating Net [Factors affecting special income (loss)] Income (Loss) Income (Loss) Business- and manufacturi
Slide 19: Forecast for FY14/3 Full-year Semiconductor Sales (YoY Comparison)
Forecast for FY14/3 Full-year Semiconductor Sales (YoY Comparison) While sales of SoC are expected to decrease as a result of the impact of shift to focus business, sales of MCU and A&P are both expected to increase by 13 to 17% YoY Growth rate （B yen） 【724.7】 +9.5% 【790.0】 【Semiconductor Sales】 S
Slide 20: Full-year Operating Income (Loss) Forecasts (YoY Comparison)
FY14/3 Full-year Operating Income (Loss) Forecasts (YoY Comparison) Operating income is expected improved by 77.9 billion yen, as a result of structural reforms in addition to improved profit from currency impact Decreased R&D and SG&A +54.7 （B yen） Improved cost +19.2 Improved profit from currenc
Slide 21: Full-year Net Income (Loss) Forecasts
FY14/3 Full-year Net Income (Loss) Forecasts Expect net loss of 21.8 billion yen, mainly owing to recording of special loss related to the structural reforms Special income (loss) -49.7 B Yen [Factors affecting special income (25.0 B yen)] FY14/3 Gain on transfer of LTE modem （B yen） business Oper
Slide 22: Summary
Summary Semiconductor sales for the three months ended December 31, 2013 remained flat from the previous quarter, due to strong sales of automotive and industrial semiconductors. Secured operating income by four quarters in a row, mainly due to increase in profit from reduction of fixed costs thro
Slide 23: Forward-Looking Statements
(FOREWARD-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. We caution you in advance that actual r