STMicroelectronics Reports 2016 Second Quarter and First Half Financial Results

STMicroelectronics
Supplemental Financial Information

In the first quarter of 2016, ST realigned its product families into three product groups to better leverage the product synergies around its strategic focus on Smart Driving and Internet of Things applications: Automotive and Discrete Group (ADG); Analog and MEMS Group (AMG) and Microcontrollers and Digital ICs Group (MDG). MDG includes ST's set-top-box business which is currently undergoing a restructuring targeting annualized savings of $170 million upon completion. All prior-period amounts have been retrospectively aligned to the 2016 reporting segments.

Product Group Data

(Million US$)
Q2

2016
Q1 2016 H1 2016 Q2 2015 Q1 2015 H1

2015
Automotive and Discrete Group (ADG)            
 - Net Revenues 721 671 1,392 714 674 1,388
 - Operating Income (Loss) 61 39 100 46 36 82
Analog and MEMS Group (AMG)            
 - Net Revenues 376 369 745 445 445 890
 - Operating Income (Loss) 1 2 3 30 37 68
Microcontrollers and Digital ICs Group (MDG)            
 - Net Revenues 556 532 1,089 558 530 1,088
 - Operating Income (Loss) 9 (3) 5 (1) (28) (29)
Others (a)            
 - Net Revenues 50 41 90 43 56 99
 - Operating Income (Loss) (43) (71) (113) (63) (64) (128)
Total            
 - Net Revenues 1,703 1,613 3,316 1,760 1,705 3,465
 - Operating Income (Loss) 28 (33) (5) 12 (19) (7)

(a(a(a)  Net revenues of "Others" includes revenues from sales of Imaging Product Division, Subsystems, assembly services, and other revenue. Operating income (loss) of "Others" includes items such as unused capacity charges, impairment, restructuring charges and other related closure costs, phase out and start-up costs, and other unallocated expenses such as: strategic or special research and development programs, certain corporate-level operating expenses, patent claims and litigations, and other costs that are not allocated to product groups, as well as operating earnings of the Imaging Product Division, Subsystems and other products. "Others" includes $8 million, $10 million, $9 million and $19 million of unused capacity charges in the second and first quarters of 2016 and 2015, respectively; and $12 million, $28 million, $21 million and $29 million of impairment, restructuring charges, and other related closure costs in the second and first quarters of 2016 and 2015, respectively.

  Q2 2016 Q1 2016 H1

2016
Q2 2015 Q1

2015
H1 2015
€/$ Effective Rate 1.12 1.10 1.11 1.17 1.23 1.20
Net Revenues By Market Channel (%) Q2 2016 Q1 2016 H1 2016 Q2 2015 Q1 2015 H1 2015
Total OEM 66% 67% 67% 67% 70% 68%
Distribution 34% 33% 33% 33% 30% 32%

(Appendix - continued)

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