Version 0.3
As of Apr 18

STATE OF THE COMPANY
TBD

MAY 16, 2024
HIDETOSHI SHIBATAPRESIDENT AND CEO
RENESAS ELECTRONICS CORPORATION© 2024 Renesas Electronics Corporation. All rights reserved.

OUR JOURNEY(oku yen)

16,00080%

No.3 TSR

Revenue*1 Gross margin Operating margin
(LHS)
(RHS)
(RHS)

12,000

60%

8,000

40%

4,00020%

00%

2019

2020

2021

2022

2023

*1: IFRS/Non-GAAP. Revenue of IDT consolidated from April 2019, Dialog from September 2021, Celeno from January 2022
© 2024 Renesas Electronics Corporation. All rights reserved.

2Among SOXNikkei
225

Kofu Factory

2030 ASPIRATION: 6 = 2 X 32x3x×＝6x2030 aspiration

Execution of mid-term plan

Valuation gap-fill
Multiple expansion

Downcycle
management

INCJ exit

Scale

Progressing

As of 2023 endIndex© 2024 Renesas Electronics Corporation. All rights reserved.

2xDividend
3Digitalization

SCALE

Reorganization
Segment-based

Product-based

R&D

Operations

Focus on 20%*1

Focus on 70%*2

Outsourcing partners

Process technologies, packages and testers

Larger strategic engagements

Efficient use of resources & investment*1: To be achieved within the next five years. *2: To be achieved within the next six years. Based on capability, capacity, cost, quality and geo-diversification metrics.
© 2024 Renesas Electronics Corporation. All rights reserved.

4

DIGITALIZATION

SoftwareTools

Quick-Connect
StudioApplications

Platform© 2024 Renesas Electronics Corporation. All rights reserved.

5

AS KEY FOR UNLOCKING NEW OPPORTUNITIESIndia semiconductor market($B)

Renesas India headcount10 employees

Key enablers~1,000~10%
Share ofglobal market~5%

System PoCs
70~75

+16-18%

University programs

33~3851
2022

2027

20192025

Digitalization

Source: A joint research by the India Electronics & Semiconductor Association (IESA) and Counterpoint Research. India Semiconductor Total Market is the sales value of semiconductors consumed in and exported from India in a calendar year. This will
include local manufacturing of semiconductors and imported semiconductors. (Whether as SKDs, CKDs or content in CBUs). The semiconductor market includes semiconductor content in Handset, Information Technology, Industrial, Consumer
Electronics, Telecom, Automotive, A&D and Wearables industries in India.
© 2024 Renesas Electronics Corporation. All rights reserved.

6

OUR PURPOSETo Make Our Lives Easierby complementing human capabilities© 2024 Renesas Electronics Corporation. All rights reserved.

7

PROGRESS OF ESG JOURNEY
2024 Focus areas

Progress on greenhouse gas ("GHG") vs 2021

Scope 1 & 2

Scope 3 (Category 1)

Reduction of GHG emissions

Supplier engagement target*1

Health & Safety-38%

by 2030-18%

43%

Human resources

70%

~2023

by 2026~2023▪ Energy saving▪ Green energy▪ Information sharing
and follow ups▪ Solar panel (PPA)*1: Including production outsourcing.

SBT: Science-based Targets© 2024 Renesas Electronics Corporation. All rights reserved.

PPA: Power Purchase Agreement

8Disclosure& Index

GHG

Supply chain

RENESAS CULTURE

TAGI▪ Be open to share knowledge
across borders▪ Asking questions▪ Adapting communications▪ Critical thinking▪ Delivering of honest andconstructive feedback▪ Speak up▪ Championing new ideas▪ Act quickly and decisively▪ Understanding youraudience▪ Collaboration with others▪ Action-oriented behavior
when approaching a task

▪ Open and honestcommunication▪ Strengthen relationship▪ Being adaptable to change▪ Iterative approach▪ Collaborative approach© 2024 Renesas Electronics Corporation. All rights reserved.

9▪ Try new ways of working▪ Growth mindset

E▪ Be accountable and takeresponsibility in the workplace▪ Be alert to emerging issues
and trends▪ Problem-solve to overcomeobstacles

PROGRESSING ON “GLOBAL”
2023 Renesas Culture survey

2024 Pulse check*1
Global Interconnectivity and Global Collaboration

TAGIE

Opportunities

Agile

GlobalInnovative

Engagement
Opportunities

69pts

72pts

2023

2024

Employee experience▪ Well-Being▪ Collaboration

Japan and APAC
*1: The weighted average of the 5-level evaluation results (max 100pts) about the achievements.
© 2024 Renesas Electronics Corporation. All rights reserved.

10IT infrastructureNon-GAAP

MAINTAINING MODEL2019

2020

2021

2022

2023

Mid-term model*1

Adjusted*1

6,204

6,357

8,894

12,282

11,648

Grow
@SAM+

Gross
margin

43%

48%

54%

56%

57%

55%

Operatingmargin

12%

19%

29%

35%

32%

30%

Revenue(oku yen)*1: FX $1 = 100yen, €1 = 120yen. Excluding 6” fab shutdown & structural reform-related EOLs. Excluding NREs

© 2024 Renesas Electronics Corporation. All rights reserved.

11DRIVING GROWTH

High
PerformanceComputingScalable & tailored
AI & tools

Embedded
Processing

Scalability
UX
Power efficiency
Domain intimacy

Analog &Connectivity

Power© 2024 Renesas Electronics Corporation. All rights reserved.

Broad & integrated
Attach12

EMBEDDED COMPUTE FRANCHISE
Total semiconductor

MCU

Initiatives

Cost optimization

No.16

No.5
R&D

2022

1.9%

2023

2.0%

2022

2023

16.5%

15.0%

Graphs created by Renesas based on Gartner Research. Calculations performed by Renesas Source: Gartner®, Market Share: Semiconductors by End Market, Worldwide, 2023, Andrew Norwood et al., 31 March 2024, MCU = Total Microcontroller GARTNER is aregistered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and is used herein with permission. All rights reserved. Gartner does not endorse any vendor, product or service depicted in its research publications, and does
not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims allwarranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

© 2024 Renesas Electronics Corporation. All rights reserved.

13

DigitalizationDESIGN-IN PROGRESS
Automotive

Industrial, Infra and IoT(oku yen) *1(oku yen) *1

+30%

+50%

10,00010,00000
2019*1: FX $1 = 100yen, €1 = 120yen

2020

2021*2 2022

2023

2019

*2: Proforma (Dialog and Celeno included)© 2024 Renesas Electronics Corporation. All rights reserved.

1420202021*2 2022

2023

SUMMARY
Good progress for 5 years…

And now in the middle of laying a foundation…

For a sustained long-term growth…. to make our lives easier© 2024 Renesas Electronics Corporation. All rights reserved.

15

THANK YOU© 2024 Renesas Electronics Corporation. All rights reserved.

16

(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 statements do not represent any
guarantee by management of future performance. In many cases, but not all, we use such words as “aim,” “anticipate,” “believe,” “continue,”“endeavor,” “estimate,” “expect,” “initiative,” “intend,” “may,” “plan,” “potential,” “probability,” “project,” “risk,” “seek,” “should,” “strive,”“target,” “will” and similar expressions to identify forward looking statements. You can also identify forward-looking statements by discussionsof strategy, plans or intentions. These statements discuss future expectations, identify strategies, contain projections of our results ofoperations or financial condition, or state other forward-looking information based on our current expectations, assumptions, estimates andprojections about our business and industry, our future business strategies and the environment in which we will operate in the future.
Known and unknown risks, uncertainties and other factors could cause our actual results, performance or achievements to differ materiallyfrom those contained or implied in any forward-looking statement, 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, our products and services in themarketplace; our ability to continue to win acceptance of its products and services in these highly competitive markets; and movements incurrency exchange rates, particularly the rate between the yen and the U.S. dollar. Among other factors, a worsening of the world economy, aworsening of financial conditions in the world markets, and a deterioration in the domestic and overseas stock markets, would cause actual
results to differ from the projected results forecast.

This presentation is based on the economic, regulatory, market and other conditions as in effect on the date hereof. It should be understoodthat subsequent developments may affect the information contained in this presentation, which neither we nor our advisors orrepresentatives are under an obligation to update, revise or affirm.

© 2024 Renesas Electronics Corporation. All rights reserved.

17