United Microelectronics Corp. · TWSE:2303
United Microelectronics — Q1 2008 Earnings Presentation
15 slides from United Microelectronics's earnings presentation, Apr 30, 2008
Slide 1: UMC 2008 Q1 Financial Review
UMC 2008 Q1 Financial Review Apr 30, 2008 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 2008 2007 2007 Q1 / Mar Q4 / Dec Q1 / Mar Net Operating Revenues 24,003 27,621 23,025 Net Income 206 1,359 1,459 EPS (NTD) 0.02 0.16 0.08 Cash and Cash Equivalents 29,635 37,453 80,989 Total Assets 262,179 290,763 357,246 Total Liabilities 38,018 54,296 63,414 St
Slide 4: Income Statement - QoQ
Income Statement - QoQ Unit: NT M Change Q1-08 % Q4-07 % % Net Operating Revenues 24,003 100.0 27,621 100.0 (13.1) Gross Profit 3,576 14.9 5,649 20.5 (36.7) Operating Expenses (3,386) (14.1) (4,323) (15.7) (21.7) Operating Income (Loss) 190 0.8 1,326 4.8 (85.7) Net Non-operating Income (Expense) 71
Slide 5: Income Statement - YoY: 3 Months
Income Statement - YoY: 3 Months Unit: NT M Change Q1-08 % Q1-07 % % Net Operating Revenues 24,003 100.0 23,025 100.0 4.2 Gross Profit 3,576 14.9 3,676 16.0 (2.7) Operating Expenses (3,386) (14.1) (3,658) (15.9) (7.4) Operating Income (Loss) 190 0.8 18 0.1 955.6 Net Non-operating Income (Expense) 71
Slide 6: Investment Income
Investment Income Unit: NT M Q1-08 Q4-07 Investment loss accounted for under the equity method (319) (213) Impairment loss (10) - Gain (Loss) on valuation of financial assets 51 (752) Others - (159) Total (278) (1,124) P. 6 Page 6
Slide 7: Balance Sheet Highlight - Mar. 31, 2008
Balance Sheet Highlight - Mar. 31, 2008 Unit: NT M Cash and Cash Equivalents 29,635 Funds and Investments 71,854 Fixed Assets 119,922 Total Assets 262,179 Current Liabilities 26,923 Bonds Payable 7,496 Stockholders' Equity 224,161 Depreciation Expense (YTD) 9,228 P. 7 Page 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 Q1-07 Q2-07 Q3-07 Q4-07 Q1-08 P. 8 Page 8
Slide 9: Sales Breakdown by Geography
Sales Breakdown by Geography 2008 Q1 2007 Q4 Japan Japan Europe Europe 2% 2% 11% 10% Asia Asia 29% 37% North North America America 58% 51% P. 9 Page 9
Slide 10: Sales Breakdown by Customer
Sales Breakdown by Customer 2008 Q1 2007 Q4 IDM IDM 30% 24% Fabless Fabless 70% 76% P. 10 Page 10
Slide 11: Sales Breakdown by Application
Sales Breakdown by Application 2008 Q1 2007 Q4 Other Other 1% Memory 1% Memory 1% 1% Computer Computer 21% 19% Communication Communication 56% 56% Consumer Consumer 21% 23% P. 11 Page 11
Slide 12: Sales Breakdown by Technology
Sales Breakdown by Technology 2008 Q1 2007 Q4 65nm 65nm ≥0.5um 7% ≥0.5um 3% 6% 7% 0.25 / 0.35um 90nm 0.25 / 0.35um 90nm 14% 30% 18% 23% 0.15 / 0.18um 0.15 / 0.18um 22% 27% 0.13um 0.13um 21% 22% P. 12 Page 12
Slide 13: Quarterly Capacity
Quarterly Capacity unit: in thousands (8" wafer eq.) FAB 3Q07 4Q07 1Q08 2Q08E Fab 6A 82 82 82 82 Fab 8AB 204 204 204 204 Fab 8C 100 100 100 101 Fab 8D 65 65 65 66 Fab 8E 102 102 102 102 Fab 8F 93 93 93 93 Fab 8S 69 69 69 72 Fab 12A 216 216 216 218 Fab 12i 164 169 169 169 Total 1,095 1,100 1,100 1,10
Slide 14: 2008 Capital Expenditure Plan
2008 Capital Expenditure Plan 8" Fab 12" Fab 12" R&D Total UMC 11% 63% 26% 500-700 million USD P. 14 Page 14
Slide 15: For more information regarding UMC
For more information regarding UMC www.umc.com For all inquiries, suggestions, and comments [email protected] P. 15 Page 15
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