Renesas Electronics Corporation · TSE:6723
Renesas Electronics — Q1 FY12/3 Earnings Presentation
18 slides from Renesas Electronics's earnings presentation, Aug 2, 2011
Slide 1: FY12/3 Q1 Financial Results
FY12/3 Q1 Financial Results Renesas Electronics Corporation August 2, 2011 Yasushi Akao, President © 2011 Renesas Electronics Corporation. All rights reserved.
Slide 2: Executive Summary
Executive Summary Ⅰ．FY12/3 Q1 Financial Results Q1 semiconductor sales decreased by 26% QoQ due to the impacts of the earthquake Q1 net loss was 33.2 billion yen with 11.9 billion yen of special loss on disaster II ．FY12/3 Financial Forecasts Expect to achieve operating profit and net profit i
Slide 3: I. FY12/3 Q1 Financial Results
I. FY12/3 Q1 Financial Results 3 © 2011 Renesas Electronics Corporation. All rights reserved.
Slide 4: Q1 Financial Snapshot
FY12/3 Q1 Financial Snapshot Semiconductor sales decreased to 184 billion yen, a reduction by 26% QoQ Operating loss recorded 19.1 billion yen due to sales decrease FY11/3 FY12/3 (B yen) Q1 Q4 Q1 YoY QoQ Net Sales 292.0 275.3 207.2 -84.8 -68.0 (-29%) (-25%) Semiconductor 261.5 249.5 184.0 -77.4 -65.
Slide 5: Quarterly Financial Results
FY12/3 Quarterly Financial Results FY11/3 FY12/3 Q1 Q2 Q3 Q4 Q1 292.0 295.4 275.2 275.3 (B yen) Net Sales Impacts of the earthquake: -30 207.2 261.5 263.5 244.4 249.5 184.0 Semi. Sales 10.4 3.4 1.1 Operating -0.3 Income -19.1 (Loss) 5 © 2011 Renesas Electronics Corporation. All rights reserved.
Slide 6: Q1 Semiconductor Sales Breakdown by Business
FY12/3 Q1 Semiconductor Sales Breakdown by Business Sales of MCU and Analog & Power decreased by less than 20% QoQ SoC sales significantly decreased by 44% QoQ FY11/3 FY12/3 (B yen) Q1 Q4 Q1 YoY QoQ Total Semiconductor -77.4 -65.4 261.5 249.5 184.0 Sales (-30%) (-26%) -22.1 -17.8 MCU 99.3 95.0 77.2
Slide 7: Q1 Semiconductor Sales Breakdown by Business
FY12/3 Q1 Semiconductor Sales Breakdown by Business Automotive General-purpose MCUs decreased sales for applications approx.45% including HDDs and consumer electronics since the Naka factory was affected by the earthquake MCU FY12/3 Q1 Automotive MCUs also decreased sales from the impact Sales Gen
Slide 8: Q1 Balance Sheet
FY12/3 Q1 Balance Sheet “Cash and cash equivalents” and “Interest-bearing debt” significantly decreased due to redemption of convertible corporate bond (110 billion yen on May 27) As of Mar. 31, As of Jun. 30, (B yen) 2011 2011 Total Assets 1,145.0 937.4 Cash and Cash Equivalents 337.3 177.0 Invento
Slide 9: Q1 Cash Flows
FY12/3 Q1 Cash Flows Cash flows from operating activities recorded 29.2 billion yen loss due to sales decrease as well as payments for extra retirement benefit for those applying early retirement program FY11/3 FY12/3 ( B yen) Q1 Q4 Full-year Q1 Cash Flows from Operating -2.0 15.6 102.5 -29.2 Activi
Slide 10: II. FY12/3 Financial Forecasts
II. FY12/3 Financial Forecasts 10 © 2011 Renesas Electronics Corporation. All rights reserved.
Slide 11: Consolidated Financial Forecasts
FY12/3 Consolidated Financial Forecasts Full-year semiconductor sales are expected to decrease by 11% YoY due to the impacts of the earthquake, etc. Operating loss of 28 billion yen are also expected. Target to achieve operating profit and net profit in FY12/3 2H, recovering its sales to the level o
Slide 12: Full-year Semiconductor Sales (YoY)
FY12/3 Full-year Semiconductor Sales (YoY) Expect FY12/3 MCU sales to remain flat YoY to overcome the earthquake impacts, especially due to demand recovery for automotive in FY12/3 2H Expect FY12/3 sales of Analog & Power and SoC to decline YoY from selection and concentration of business resources
Slide 13: Quarterly Semiconductor Sales Forecasts
FY12/3 Quarterly Semiconductor Sales Forecasts Expect recovery in semiconductor sales after Q2 thanks to early restoration from the earthquake and demand increase in FY12/3 2H FY12/3 1H FY12/3 2H (B yen) <Semiconductor Sales> <408.0> <500.0> <224.0> <184.0> Q1 Q2 Q3 Q4 FY12/3 13 © 2011 Renesas Elect
Slide 14: 1H & 2H Operating Income (Loss) Forecasts
FY12/3 1H & 2H Operating Income (Loss) Forecasts Expect operating income to grow from semiconductor sales increase of 92 billion yen in 2H compared to 1H Forecast to improve operation ratio after Q2 due to the early restoration from the earthquake and demand increase 7.0 Improved cost of sales ratio
Slide 15: Q2 Semiconductor Sales Forecasts (QoQ)
FY12/3 Q2 Semiconductor Sales Forecasts (QoQ) Expect semiconductor sales of three businesses to increase QoQ owing to the early restoration of the earthquake and demand increase (B yen) QoQ (%) <224.0> +22% <Semiconductor Sales> <184.0> + around 55% SoC 41.8 418 Analog 62.9 629 +15 to 19% & Power MC
Slide 16: Q2 Operating Income (Loss) Forecasts (QoQ)
FY12/3 Q2 Operating Income (Loss) Forecasts (QoQ) Expect Q2 operating income to improve due to profit increase from sales increase despite of concentration of expense at the end of 1H FY12/3 FY12/3 Q1 Q2 (B yen) -15.9 -19.1 Increased R&D and SG&A Increased profit -) Concentration of from higher sale
Slide 17: 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
Slide 18: Renesas Electronics Corporation
Renesas Electronics Corporation © 2011 Renesas Electronics Corporation. All rights reserved.
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