United Microelectronics Corp. · TWSE:2303
United Microelectronics — Q3 2005 Earnings Presentation
15 slides from United Microelectronics's earnings presentation, Oct 26, 2005
Slide 1: UMC 2005 Q3 Financial Review
UMC 2005 Q3 Financial Review October 26, 2005 P. 1
Slide 2: Note Concerning Forward-Looking Statements
NOTE CONCERNING FORWARD-LOOKING STATEMENTS Except for statements in respect of historical matters, the statements in this release contain "forward-looking statements" within the meaning of Section 27A of the U.S. Securities Act of 1933 and Section 21E of the U.S. Securities Exchange Act of 1934. The
Slide 3: Operating Results Summary
Operating Results Summary Unit: NT M 2005 2005 2004 Q3 / Sep Q2 / Jun Q3 / Sep Net Operating Revenues 23,579 19,443 34,580 Net Income 2,165 299 10,914 EPS (NTD) 0.12 0.02 0.58 Cash and Cash Equivalents 71,792 68,065 85,270 Total Assets 314,326 311,984 338,672 Total Liabilities 54,074 53,924 72,267 S
Slide 4: Income Statement - QoQ
Income Statement - QoQ Unit: NT M Change Q3-05 % Q2-05 % % Net Operating Revenues 23,579 100.0 19,443 100.0 21.3 Gross Profit 2,954 12.5 212 1.1 1,293.4 Operating Expenses (3,514) (14.9) (3,551) (18.3) (1.0) Operating Income (Loss) (560) (2.4) (3,339) (17.2) (83.2) Net Non-operating Income (Expense)
Slide 5: Income Statement - YoY: 9 Months
Income Statement - YoY: 9 Months Unit: NT M 2005 2004 Change % % Jan~Sep Jan~Sep % Net Operating Revenues 63,307 100.0 89,083 100.0 (28.9) Gross Profit 6,223 9.8 29,333 32.9 (78.8) Operating Expenses (9,819) (15.5) (7,717) (8.6) 27.2 Operating Income (Loss) (3,596) (5.7) 21,616 24.3 - Net Non-operat
Slide 6: Investment Income
Investment Income Unit: NT M Q3-05 Q2-05 Investment income accounted for under the equity method (617) (439) UMCJ (381) (407) Faraday 74 63 Novatek 201 138 SiS (103) (65) UMO (22) (49) Unimicron 180 68 Others (566) (187) Cash dividends 728 37 Total 111 (402) P. 6
Slide 7: Balance Sheet Highlight - Sep. 30, 2005
Balance Sheet Highlight - Sep. 30, 2005 Unit: NT M Cash and Cash Equivalents 71,792 Long-term Investments 45,046 Fixed Assets 153,598 Total Assets 314,326 Current Liabilities 21,814 Long-term Debts 28,501 Stockholders' Equity 260,252 Depreciation Expense (YTD) 34,065 P. 7
Slide 8: Average Selling Price Trend - 8" Wafer Equivalent
Average Selling Price Trend- 8” Wafer Equivalent Unit: USD 1,500 1,000 500 0 Q3-04 Q4-04 Q1-05 Q2-05 Q3-05 P. 8
Slide 9: Sales Breakdown by Geography
Sales Breakdown by Geography 2005 Q3 2005 Q2 Japan Europe Japan Europe 2% 2% 9% 7% North North America America 44% Asia 48% 43% Asia 45% P. 9
Slide 10: Sales Breakdown by Customer
Sales Breakdown by Customer 2005 Q3 2005 Q2 IDM IDM 24% 29% Fabless 71% Fabless 76% P. 10
Slide 11: Sales Breakdown by Application
Sales Breakdown by Application 2005 Q3 2005 Q2 Other Other 1% Memory 2% Memory 1% 2% Computer Computer 19% 20% Communication Communication 47% 44% Consumer Consumer 32% 32% P. 11
Slide 12: Sales Breakdown by Technology
Sales Breakdown by Technology 2005 Q3 2005 Q2 90nm ≥ 0.5u 90nm ≥ 0.5u 9% 14% 9% 11% 0.13u 14% 0.35u 22% 0.13u 18% 0.35u 25% 0.15u 10% 0.25u 8% 0.15u 10% 0.25u 0.18u 0.18u 11% 20% 19% P. 12
Slide 13: Quarterly Capacity
Quarterly Capacity unit: in thousands (8" wafer eq.) FAB 1Q05 2Q05 3Q05 4Q05E Fab 6A 86 86 86 86 Fab 8AB 204 204 204 204 Fab 8C 101 100 100 100 Fab 8D 72 68 68 68 Fab 8E 101 101 101 101 Fab 8F 95 95 95 95 Fab 8S 71 69 69 69 Fab 12A 139 145 153 153 Fab 12i 81 94 94 94 Total 950 962 970 970 P. 13
Slide 14: 2005 Capital Expenditure Plan
2005 Capital Expenditure Plan 8" Fab 12" Fab 12" R&D Total UMC 5% 83% 12% 1 billion USD UMCJ 100% - - 34 million USD P. 14
Slide 15: www.umc.com [email protected]
For more information regarding UMC www.umc.com For all inquiries, suggestions, and comments [email protected] P. 15
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