(1) Non-GAAP Basis: Results excluding non-recurring and certain other items. Non-GAAP basis excludes the impact of sales and profit/loss of Renesas SP Drivers, impact of profit/loss of LTE modem business and profit/loss from inventory buildup until the end of FY2016 ended December 2016. Starting from FY2017 ending December 2017, Non-GAAP definition was revised to exclude amortization of goodwill, amortization of purchased intangible assets, costs related to the Intersil acquisition, stock-based compensation cost and costs related to the offering. (Reference: The impact of inventory buildup in FY2017 Q2 was 0 yen in operating income.) See page 5 for reconciliation of Japan GAAP and Non-GAAP.

(2) EBITDA: Operating income + Depreciation and amortization + Amortization of long-term prepaid expenses. Amortization of goodwill is also included for Japan GAAP-based EBITDA.

Quarterly Semiconductor Sales by Application (Billion yen) Pro-Forma Basis⁽³⁾

Following the completion of the acquisition of Intersil in February 2017, Renesas integrated Intersil into its operations and reformed its business organization into three business units. To align with this change, Renesas redefined its semiconductor sales breakdown to: “Automotive,” “Industrial” and “Broad-based,” the three application categories that constitute the main business of the Group, and “Other semiconductors,” that constitute the businesses that do not belong to the above three application categories.

Semiconductor sales by		Q2 2017		Q1 2017		Q2 2016		QoQ		YoY
Application		(Apr-Jun 2017)		(Jan-Mar 2017)		(Apr-Jun 2016)
(Billion yen)
Automotive (4)		102.9		96.9		84.5		+6.2%		+21.8%
Industrial (5)		54.0		50.6		45.4		+6.8%		+18.9%
Broad-based (6)		36.3		33.0		31.1		+10.0%		+16.7%
Other semiconductors		1.1		0.8		1.0		+31.0%		+8.9%
Total		194.3		181.3		162.0		+7.2%		+19.9%

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