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TOKYO--(BUSINESS WIRE)--Renesas Electronics Corporation (TSE:6723) today announced consolidated financial results in accordance with IFRS for the year ended December 31, 2020. Summary of Consolidated Financial Results (Note 1) Year ended December 31, 2020 Billion Yen % of Revenue Revenue 715.7 100.0 Operating profit 65.1 9.1 Profit attributable to owners of parent 45.6 6.4 Capital expenditures (Note 2) 22.2 Depreciation and others (Note 3) 141.5 R&D expenses (Note 4) 135.1 Yen Exchange rate (USD) 107 Exchange rate (EUR) 121 As of December 31, 2020 Billion Yen Total assets 1,609.0 Total equity 619.7 Equity attributable to owners of parent 616.7 Equity ratio attributable to owners of parent (%) 38.3 Interest-bearing liabilities 693.7 Note 1: All figures are rounded to the nearest 100 million yen. Note 2: Capital expenditures refer to the amount of capital for property, plant and equipment (manufacturing equipment) and intangible assets based on the amount of investment decisions made during the year ended December 31, 2020. From the quarter ended March 31, 2020, capital expenditures include former Integrated Device Technology, Inc. (hereinafter IDT)s investments as well as investments including fixed costs of masks and tools. Note 3: Depreciation and others includes depreciation of property, plant and equipment, amortization of intangible assets and amortization of long-term prepaid expenses in consolidated statements of cash flows. Note 4: R&D expenses includes capitalized R&D expenses recorded as intangible assets. RENESAS ELECTRONICS CORPORATION Consolidated Financial Results for the Year Ended December 31, 2020 English translation from the original Japanese-language document February 10, 2021 Company name : Renesas Electronics Corporation Stock exchanges on which the shares are listed : Tokyo Stock Exchange, First Section Code number : 6723 URL : https://www.renesas.com Representative : Hidetoshi Shibata, Representative Director, President and CEO Contact person : Fujiko Yamaguchi, Vice President, CEO Office Tel. +81 (0)3-6773-3002 Filing date of Yukashoken Hokokusho (scheduled) : March 31, 2021 (Amounts are rounded to the nearest million yen) 1. Consolidated financial results for the year ended December 31, 2020 1.1 Consolidated financial results (% of change from corresponding period of the previous year) Revenue Operating profit Profit (loss) before tax Profit (loss) Profit (loss) attributable to owners of parent Total comprehensive income Million yen % Million yen % Million yen % Million yen % Million yen % Million yen % Year ended December 31, 2020 715,673 (0.4) 65,142 940.1 65,216 --- 45,726 --- 45,626 --- (19,228) --- Year ended December 31, 2019 718,243 (5.1) 6,263 --- (325) --- (6,228) --- (6,317) --- (22,027) --- Basic earning (loss) per share Diluted earnings (loss) per share Net income per equity attributable to owners Profit before tax ratio per net assets Operating profit ratio per revenue Yen Yen % % % Year ended December 31, 2020 26.54 25.97 7.4 4.0 9.1 Year ended December 31, 2019 (3.73) (3.73) (1.0) (0.0) 0.9 1.2 Consolidated financial position Total assets Total equity Equity attributable to owners Ratio of equity attributable to owners Equity attributable to owners per share Million yen Million yen Million yen % Yen December 31, 2020 1,608,985 619,661 616,701 38.3 356.1 December 31, 2019 1,668,148 624,404 621,455 37.3 363.4 1.3 Consolidated cash flows Cash flows from operating activities Cash flows from investing activities Cash flows from financing activities Cash and cash equivalents at the end of the year Million yen Million yen Million yen Million yen Year ended December 31, 2020 223,889 (40,163) (104,470) 219,786 Year ended December 31, 2019 201,960 (742,162) 500,466 146,468 2. Cash dividends Cash dividends per share Total dividend during the year Dividends payout ratio (consolidated) Dividends ratio per assets (consolidated) At the end of first quarter At the end of second quarter At the end of third quarter At the end of year Total Yen Yen Yen Yen Yen Year ended December 31, 2019 --- 0.00 --- 0.00 0.00 --- --- --- Year ended December 31, 2020 --- 0.00 --- 0.00 0.00 --- --- --- Year ending December 31, 2021 (forecast) --- --- --- --- --- --- Note: For the year ending December 31, 2021, whether the Group provides dividend payments remains undecided. 3. Forecast of consolidated results for the three months ending March 31, 2021 Non-GAAP Revenue Non-GAAP Gross Margin Non-GAAP Operating Margin Million yen % % %pts % %pts Three months ending March 31, 2021 197,000 to 205,000 10.2 to 14.7 48.5 1.2 22.0 3.2 Note 1: The Group reports its consolidated forecast on a quarterly basis (cumulative quarters) as substitute for a yearly forecast in a range format. For details, please refer to Appendix 1.4. Consolidated Forecasts page 6. Note 2: Non-GAAP figures are calculated by removing or adjusting non-recurring items and other adjustments from GAAP figures following a certain set of rules. The Group believes non-GAAP measures provide useful information in understanding and evaluating the Groups constant business results, and therefore forecasts are provided on a non-GAAP basis. 4. Others 4.1 Changes in significant subsidiaries for the year ended December 31, 2020: Yes (Changes in specified subsidiaries resulting in changes in scope of consolidation) Exclusion: 2 (Company name) Renesas Electronics America Inc., IDT Singapore Pte. Ltd. Renesas Electronics America Inc. which was a specified subsidiary of the Group has been excluded from the scope of consolidation upon merger into IDT on January 1, 2020. IDT took an absorption-type merger with Renesas Electronics America Inc. and changed the trade name to Renesas Electronics America Inc. 4.2 Changes in Accounting Policies, Changes in Accounting Estimates and Corrections of Prior Period Errors 1. Changes in accounting policies with revision of accounting standard: No 2. Changes in accounting policies except for 4.2.1: Yes 3. Changes in accounting estimates: No (Note) For details, please refer to page 14. 4.3 Number of shares issued and outstanding (common stock) 1. Number of shares issued and outstanding (including treasury stock) As of December 31, 2020: 1,731,898,990 shares As of December 31, 2019: 1,710,276,790 shares 2. Number of treasury stock As of December 31, 2020: 2,581 shares As of December 31, 2019: 2,581 shares 3. Average number of shares issued and outstanding Year ended December 31, 2020: 1,719,344,659 shares Year ended December 31, 2019: 1,694,150,509 shares (Reference) Non-consolidated results for the year ended December 31, 2020 Non-consolidated financial results Net sales Operating income Ordinary income Net income Million yen % Million yen % Million yen % Million yen % Year ended December 31, 2020 563,908 1.7 49,447 46.2 52,843 223.2 47,458 178.7 Year ended December 31, 2019 554,313 (12.2) 33,822 (53.8) 16,349 (76.3) 17,029 (65.4) Net income per share: basic Net income per share: diluted Yen Yen December 31, 2020 27.60 27.01 December 31, 2019 10.05 9.90 Non-consolidated financial position Total assets Net assets Equity ratio Net assets per share Million yen Million yen % Yen December 31, 2020 December 31, 2019 1,628,721 1,614,467 566,100 505,219 33.8 30.3 317.65 286.02 Reference: Equity at the end of the year ended December 31, 2020: 550,141 million yen Equity at the end of the year ended December 31, 2019: 489,167 million yen (Note) Information regarding the implementation of audit procedures. These financial results are not subject to audit review procedures. Cautionary Statement The Group will hold an earnings conference for institutional investors and analysts on February 10, 2021. The Group plans to post the materials which are provided at the meeting, on the Groups website on that day. The statements with respect to the financial outlook of Renesas Electronics Corporation (hereinafter the Company) and its consolidated subsidiaries (hereinafter the Group) are forward-looking statements involving risks and uncertainties. We caution you in advance that actual results may differ materially from such forward-looking statements due to changes in several important factors. Forward-Looking Statements The statements in this press release with respect to the plans, strategies and financial outlook of Renesas Electronics Corporation and its consolidated subsidiaries (collectively we) are forward-looking statements involving risks and uncertainties. We caution you in advance that actual results may differ materially from such forward-looking statements due to several important factors including, but not limited to, general economic conditions in our markets, which are primarily Japan, North America, Asia, and Europe; demand for, and competitive pricing pressure on, products and services in the marketplace; ability to continue to win acceptance of products and services in these highly competitive markets; and fluctuations in currency exchange rates, particularly between the yen and the U.S. dollar. Among other factors, downturn of the world economy; deteriorating financial conditions in world markets, or deterioration in domestic and overseas stock markets, may cause actual results to differ from the projected results forecast. About Renesas Electronics Corporation Renesas Electronics Corporation (TSE: 6723) delivers trusted embedded design innovation with complete semiconductor solutions that enable billions of connected, intelligent devices to enhance the way people work and livesecurely and safely. A global leader in microcontrollers, analog, power, and SoC products and integrated platforms, Renesas provides the expertise, quality, and comprehensive solutions for a broad range of Automotive, Industrial, Home Electronics, Office Automation and Information Communication Technology applications to help shape a limitless future. Learn more at renesas.com.

Answer: Renesas Electronics Reports Financial Results for the Year Ended December 31, 2020