Slide 1: 4Q/Full-Year 2024 Presentation
4Q/FULL-YEAR 2024 PRESENTATION RENESAS ELECTRONICS CORPORATION FEBRUARY 6, 2025 © 2025 Renesas Electronics Corporation. All rights reserved.
Slide 2: Non-GAAP Basis Information
NON-GAAP BASIS INFORMATION In this section, Renesas Electronics Group (hereinafter “the Group”) applies non-GAAP financial measures (hereinafter “non-GAAP basis”) used for management’s decision making. Non-GAAP figures are calculated by removing or adjusting non-recurring items and other adjustments
Slide 3: Disclaimer
DISCLAIMER Adoption of IFRS: With the outlook that the Group will continue to expand globally and to provide financial figures that can be compared on a global scale, the Group discloses its consolidated financial statements in accordance with IFRS starting from the annual securities report for FY
Slide 4: 4Q/Full-Year 2024 Financial Snapshot
4Q/FULL-YEAR 2024 FINANCIAL SNAPSHOT NON-GAAP 2023 2024 (B yen) 4Q 4Q Change Full-Year Change 4Q Full-Year 3Q (Oct-Dec) (Oct-Dec) YoY QoQ from Oct 31 (Jan-Dec) YoY from Oct 31 (Oct-Dec) (Jan-Dec) (Jul-Sep) Forecast Actual FCT*1 Actual FCT*1 278.5 Revenue 361.9 1,469.7 345.3 292.6 -19.2% -15.3% +5.1%
Slide 5: 4Q 2024 Revenue and Gross / Operating Margin
4Q 2024 REVENUE AND GROSS / OPERATING MARGIN NON-GAAP vs FCT Industrial / Company Total Automotive Infrastructure / IoT Revenue: Gross Margin: (+) Decreased production cost, Revenue 292.6 B yen 148.8 B yen 140.8 B yen Increased utilization vs FCT: + vs FCT: + Operating Margin: vs FCT: +5.1% Qo
Slide 6: Quarterly Revenue Trends
QUARTERLY REVENUE TRENDS NON-GAAP (B yen) Automotive Industrial/Infrastructure/IoT Others 450 379.4 Revenue 400 368.7 361.9 359.7 2.3 351.8 358.8 YoY: -19.2% 2.8 345.3 2.6 2.2 2.2 QoQ: -15.3% 350 2.1 1.6 292.6 300 168.2 3.0 159.2 161.1 Automotive 172.0 178.2 190.4 250 185.5 YoY: -13.5% QoQ: -19.8% 1
Slide 7: Quarterly Business Trends
QUARTERLY BUSINESS TRENDS NON-GAAP Gross Profit (Margin) Operating Profit (Margin) YoY: -1.5pts YoY: -6.1pts Gross Profit Gross Margin QoQ: -1.0pt Operating Profit Operating Margin QoQ: -2.7pts (B yen) (B yen) 40% 200 57.9% 60% 200 34.7% 35.0% 34.9% 57.4% 150 56.2% 56.4% 56.7% 56.7% 150 31.9% 32.3%
Slide 8: Inventory
INVENTORY In-House Inventory*1 Sales Channel Inventory*3 In-House Inventory/DOI (Financial Accounting Basis) (Management Accounting Basis*4) 4Q Results: Increased (Days) (Weeks) DOI*2 WOI*5 WIP/FG: Increased due to exchange rates 18 WIP: Production based on demand (Incl. die bank) 120 12 FG/RM: In
Slide 9: Front-End Utilization Rate and Capital Expenditures
FRONT-END UTILIZATION RATE*1 AND CAPITAL EXPENDITURES*2 FRONT-END UTILIZATION RATE CAPITAL EXPENDITURES (WAFER INPUT BASIS) (B yen) Capital Expenditures Total 6-inch line 8-inch line 12-inch line 100% 40 % Revenue Ratio 10.2% 80% 30 7.8% 60% 6.4% 5.6% 20 5.9% 40% 3.8% 3.9% 3.4% 10 20% 0% 0 1Q 2Q 3Q
Slide 10: 1Q 2025 Forecast
1Q 2025 FORECAST NON-GAAP 2024 2025 1Q (B yen) 1Q 4Q (Jan-Mar) YoY QoQ (Jan-Mar) (Oct-Dec) Midpoint Forecast (Range)*1 309.0 -12.2% +5.6% Revenue 351.8 292.6 (±7.5) (±2.1pts) (±2.6pts) Revenue (Excluding Foreign - - - -16.1% -0.1% Exchange Impact) Device Revenue*2 (Excluding Foreign - -18.0% +2.2% E
Slide 11: Appendix
APPENDIX The figures in this section are mainly based on segment disclosure and GAAP (IFRS) stated on a financial reporting basis and are provided as additional information. © 2025 Renesas Electronics Corporation. All rights reserved. Page 11
Slide 12: Revenue and Gross Profit by Segment
REVENUE AND GROSS PROFIT BY SEGMENT*1 NON-GAAP 2023 2024 (B yen) 1Q 2Q 3Q 4Q Full-Year 1Q 2Q 3Q 4Q Full-Year YoY QoQ YoY (Jan-Mar) (Apr-Jun) (Jul-Sep) (Oct-Dec) (Jan-Dec) (Jan-Mar) (Apr-Jun) (Jul-Sep) (Oct-Dec) (Jan-Dec) Revenue 359.7 368.7 379.4 361.9 1,469.7 351.8 358.8 345.3 292.6 -19.2% -15.3% 1
Slide 13: Operating Profit and EBITDA by Segment
OPERATING PROFIT AND EBITDA*1 BY SEGMENT*2 NON-GAAP 2023 2024 (B yen) 1Q 2Q 3Q 4Q Full-Year 1Q 2Q 3Q 4Q Full-Year YoY QoQ YoY (Jan-Mar) (Apr-Jun) (Jul-Sep) (Oct-Dec) (Jan-Dec) (Jan-Mar) (Apr-Jun) (Jul-Sep) (Oct-Dec) (Jan-Dec) Operating Profit 124.8 129.1 132.3 115.5 501.6 113.5 110.6 98.4 75.4 -40.1
Slide 14: Statement of Financial Position
STATEMENT OF FINANCIAL POSITION GAAP (B yen) 23/3 23/6 23/9 23/12 24/3 24/6 24/9 24/12 Total Assets 2,840.8 3,123.5 3,292.2 3,167.0 3,233.7 3,663.0 4,201.6 4,490.4 Cash and Cash Equivalents*1 361.4 458.1 392.5 434.7 231.8 288.4 239.1 229.2 Inventories 188.2 177.9 177.8 163.1 171.4 178.1 173.1 176.5
Slide 15: GAAP / Non-GAAP Reconciliation
GAAP / NON-GAAP RECONCILIATION 2024 Full-Year 2023 (Jan-Dec) 4Q (Oct-Dec) Full-Year (Jan-Dec) (B yen) Gross Operating Net Gross Operating Net Gross Operating Net EBITDA EBITDA EBITDA Profit Profit Profit*1 Profit Profit Profit*1 Profit Profit Profit*1 Non-GAAP 837.4 501.6 432.9 581.9 160.5 75.4 71.9
Slide 16: 4Q 2024 Consolidated Operating Profit Bridge
4Q 2024 CONSOLIDATED OPERATING PROFIT BRIDGE FROM NON-GAAP TO GAAP (B yen) Former-Intersil 75.4 PPA Effects Former-IDT PPA Effects Former-Dialog PPA Effects Former-Altium PPA Effects Other Stock-Based PPA Effects Compensation Others 22.1 Recurring Items Non-Recurring Items Non-GAAP GAAP © 2025 Renes
Slide 17: 4Q/Full-Year 2024 Financial Snapshot (GAAP)
4Q/FULL-YEAR 2024 FINANCIAL SNAPSHOT GAAP 2023 2024 (B yen) 4Q Full Year 3Q 4Q Full-Year YoY QoQ YoY (Oct-Dec) (Jan-Dec) (Jul-Sep) (Oct-Dec) (Jan-Dec) Revenue 361.9 1,469.4 345.3 292.6 -19.2% -15.3% 1,348.5 -8.2% Gross Margin 56.2% 56.8% 55.7% 54.4% -1.8pts -1.2pts 55.6% -1.2pts Operating Profit 72.
Slide 18: Highlights
HIGHLIGHTS Altium PMI Continuation of Dividends Update on R-Car Gen5 Completed PPA: Reflected Dividends: 28 yen per share, Total Honda and Renesas Sign retroactively from 3Q 2024 results 50.3 billion yen Agreement to Develop High- Performance SoC for Software- PMI Progress: Integration of th
Slide 19: Renesas at a Glance
RENESAS AT A GLANCE 2024 Highlight*1 Growth Trajectory*1 Revenue Gross Operating 1,500 (B yen) Margin Margin 60% Revenue Operating Margin FCF Margin *2 1,348.5 B yen 29.5% 12.5% 1,000 40% Gross Margin EBIDTA Margin EPS 500 20% 56.1% 36.1% 201.53 yen 0 0% 2019 2020 2021 2022 2023 2024 Revenue Composi
Slide 20: Renesas.com (Forward-Looking Statements)
Renesas.com (FORWARD-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. Such forward looking stateme