Slide 1: 1Q 2025 Presentation
1Q 2025 PRESENTATION RENESAS ELECTRONICS CORPORATION APRIL 24, 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: 1Q 2025 Financial Snapshot
1Q 2025 FINANCIAL SNAPSHOT NON-GAAP 2024 2025 (B yen) 1Q 1Q 1Q 4Q Change from (Jan-Mar) (Jan-Mar) YoY QoQ (Jan-Mar) (Oct-Dec) Feb. 6 FCT*1 Forecast Actual 309.0 Revenue 351.8 292.6 308.8 -12.2% +5.5% -0.1% (±7.5) Revenue (Excluding Foreign - - - - -16.8% -0.9% -0.8% Exchange Impact) Device Revenue*2
Slide 5: 1Q 2025 Revenue and Gross / Operating Margin
1Q 2025 REVENUE AND GROSS / OPERATING MARGIN NON-GAAP vs FCT Industrial / Company Total Automotive Infrastructure / IoT Revenue: Gross Margin: (+) Decreased production cost, Improved product mix, Increased utilization Revenue 308.8 B yen 155.3 B yen 150.8 B yen vs FCT: - vs FCT: + Operating Ma
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 2.3 351.8 358.8 YoY: -12.2% 2.8 345.3 2.2 2.2 QoQ: +5.5% 350 2.1 1.6 292.6 308.8 2.7 300 168.2 3.0 161.1 Automotive 172.0 178.2 190.4 185.5 YoY: -12.8% 250 155.3 QoQ: +4.4% 148
Slide 7: Quarterly Business Trends
QUARTERLY BUSINESS TRENDS NON-GAAP Gross Profit (Margin) Operating Profit (Margin) YoY: +0.1pt YoY: -5.1pts Gross Profit Gross Margin QoQ: +1.9pts Operating Profit Operating Margin QoQ: +1.4pts (B yen) (B yen) 40% 200 57.9% 60% 200 35.0% 34.9% 57.4% 150 56.4% 56.7% 56.7% 56.7% 150 31.9% 32.3% 35% 55
Slide 8: Inventory
INVENTORY In-House Inventory*1 Sales Channel Inventory*3 In-House Inventory/DOI (Financial Accounting Basis) (Management Accounting Basis*4) 1Q Results: Decreased (Days) (Weeks) WIP: Die bank replenishment based on demand DOI*2 WOI*5 18 outlook 120 12 FG: Inventory consumption 90 6 2Q Forecast:
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) Total 6-inch line (B yen) Capital Expenditures 8-inch line 12-inch line % Revenue Ratio 100% 40 10.2% 80% 30 60% 6.4% 5.6% 20 5.9% 40% 3.8% 3.9% 3.4% 4.1% 10 20% 0% 0 2Q 3Q 4Q
Slide 10: 2Q 2025 Forecast
2Q 2025 FORECAST NON-GAAP 2024 2025 2Q (B yen) (Apr-Jun) 1H 2Q 1H 1Q Midpoint YoY QoQ (Jan-Jun) YoY (Apr-Jun) (Jan-Jun) (Jan-Mar) Forecast Forecast (Range)*1 302.0 -15.8% -2.2% 610.8 -14.0% Revenue 358.8 710.6 308.8 (±7.5) (±2.1pts) (±2.4pts) (±75.0pts (±1.1pts Revenue (Excluding - - - - -13.1% +4.8
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 NON-GAAP 2024 2025 (B yen) 1Q 2Q 3Q 4Q Full-Year 1Q YoY QoQ (Jan-Mar) (Apr-Jun) (Jul-Sep) (Oct-Dec) (Jan-Dec) (Jan-Mar) Revenue 351.8 358.8 345.3 292.6 1,348.5 308.8 -12.2% +5.5% Automotive 178.2 190.4 185.5 148.8 702.8 155.3 -12.8% +4.4% Industrial, 171.6 166.2 1
Slide 13: Operating Profit and EBITDA by Segment
OPERATING PROFIT AND EBITDA*1 BY SEGMENT NON-GAAP 2024 2025 (B yen) 1Q 2Q 3Q 4Q Full-Year 1Q YoY QoQ (Jan-Mar) (Apr-Jun) (Jul-Sep) (Oct-Dec) (Jan-Dec) (Jan-Mar) Operating Profit 113.5 110.6 98.4 75.4 397.9 83.8 -29.7 +8.4 (Margin) (32.3%) (30.8%) (28.5%) (25.8%) (29.5%) (27.1%) (-5.1pts) (+1.4pts) 5
Slide 14: Statement of Financial Position
STATEMENT OF FINANCIAL POSITION GAAP (B yen) 24/3 24/6 24/9 24/12 25/3 Total Assets 3,233.7 3,663.0 4,201.6 4,490.4 4,195.5 Cash and Cash Equivalents*1 231.8 288.4 239.1 229.2 177.6 Inventories 171.4 178.1 173.1 176.5 175.6 Goodwill 1,453.8 1,589.1 2,036.7 2,256.2 2,134.5 Intangible Assets 417.9 463
Slide 15: GAAP / Non-GAAP Reconciliation
GAAP / NON-GAAP RECONCILIATION 2024 2025 (B yen) 1Q (Jan-Mar) Full Year (Jan-Dec) 1Q (Jan-Mar) 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 199.3 113.5 105.9 133.8 756.3 397.9 360.4 486.
Slide 16: 1Q 2025 Consolidated Operating Profit Bridge from Non-GAAP to GAAP
1Q 2025 CONSOLIDATED OPERATING PROFIT BRIDGE FROM NON-GAAP TO GAAP (B yen) Former-Intersil 83.8 PPA Effects Former-IDT PPA Effects Former-Dialog PPA Effects Former-Altium PPA Effects Other Stock-Based PPA Effects Compensation Others 21.5 Recurring Items Non-Recurring Items Non-GAAP GAAP © 2025 Renes
Slide 17: 1Q 2025 Financial Snapshot (GAAP)
1Q 2025 FINANCIAL SNAPSHOT GAAP 2024 2025 (B yen) 1Q 4Q 1Q YoY QoQ (Jan-Mar) (Oct-Dec) (Jan-Mar) Revenue 351.8 292.6 308.8 -12.2% +5.5% Gross Margin 56.1% 54.4% 56.0% -0.1pt +1.6pts Operating Profit 77.8 22.1 21.5 -56.3 -0.6 (Margin) (22.1%) (7.5%) (7.0%) (-15.2pts) (-0.6pt) Profit Attributable to 7
Slide 18: Highlights
HIGHLIGHTS Altium PMI Divestiture of RF Business embedded world Acquisition of Part Analytics: The RF business, including Introduction of new products at Altium acquired Part Analytics, an AI- mmWave front-end components embedded world in Germany in early powered supply chain management and WiGi
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