United Microelectronics Corp. · TWSE:2303
United Microelectronics — Q4 2008 Earnings Presentation
20 slides from United Microelectronics's earnings presentation, Feb 10, 2009
Slide 1: UMC 2008 Q4 Financial Review
UMC 2008 Q4 Financial Review Feb 10, 2009
Slide 2: Note Concerning Forward-Looking Statements
NOTE CONCERNING FORWARD-LOOKING STATEMENTS This release contains forward-looking statements. These statements constitute “forward-looking” statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and a
Slide 3: Operating Results Summary
Operating Results Summary Unit: NT M 2008 2008 2007 Q4 / Dec Q3 / Sep Q4 / Dec Net Operating Revenues 18,541 24,748 27,621 Net Income (Loss) (23,510) (1,413) 1,359 EPS (NTD) (1.81) (0.11) 0.14 Cash and Cash Equivalents 36,124 25,194 37,453 Total Assets 207,988 224,523 290,763 Total Liabilities 23,31
Slide 4: Income Statement - QoQ
Income Statement - QoQ Unit: NT M Change Q4-08 % Q3-08 % % Net Operating Revenues 18,541 100.0 24,748 100.0 (25.1) Gross Profit 1,899 10.2 4,368 17.6 (56.5) Operating Expenses (3,073) (16.5) (3,421) (13.8) (10.2) Operating Income (Loss) (1,174) (6.3) 947 3.8 - Net Non-operating Income (Expense) (21,
Slide 5: Income Statement - YoY: 12 Months
Income Statement - YoY: 12 Months Unit: NT M 2008 2007 Change % % Jan~Dec Jan~Dec % Net Operating Revenues 92,530 100.0 106,771 100.0 (13.3) Gross Profit 15,638 16.9 22,506 21.1 (30.5) Operating Expenses (13,334) (14.4) (15,701) (14.7) (15.1) Operating Income 2,304 2.5 6,805 6.4 (66.1) Net Non-opera
Slide 6: Investment Income
Investment Income Unit: NT M Q4-08 Q3-08 Investment gain (loss) accounted for under the equity method (12,324) 37 Impairment loss (2,819) (3,222) Loss on valuation of financial assets (334) (1,348) Cash dividends 12 1,673 Total (15,465) (2,860) P. 6
Slide 7: Balance Sheet Highlight - Dec. 31, 2008
Balance Sheet Highlight - Dec. 31, 2008 Unit: NT M Cash and Cash Equivalents 36,124 Funds and Investments 46,657 Fixed Assets 100,443 Total Assets 207,988 Current Liabilities 11,429 Bonds Payable 7,497 Stockholders' Equity 184,676 Depreciation Expense (YTD) 36,092 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 Q4-07 Q1-08 Q2-08 Q3-08 Q4-08 P. 8
Slide 9: Sales Breakdown by Geography
Sales Breakdown by Geography 2008 Q4 2008 Q3 Europe Japan Europe Japan 10% 2% 6% 2% Asia Asia 31% 32% North North America America 57% 60% P. 9
Slide 10: Sales Breakdown by Geography
Sales Breakdown by Geography 2008 2007 Europe Japan Europe Japan 10% 2% 9% 3% Asia Asia 32% 40% North North America America 56% 48% P. 10
Slide 11: Sales Breakdown by Customer
Sales Breakdown by Customer 2008 Q4 2008 Q3 IDM IDM 20% 26% Fabless Fabless 80% 74% P. 11
Slide 12: Sales Breakdown by Customer
Sales Breakdown by Customer 2008 2007 IDM IDM 27% 25% Fabless Fabless 73% 75% P. 12
Slide 13: Sales Breakdown by Application
Sales Breakdown by Application 2008 Q4 2008 Q3 Other Other 1% Memory 1% Memory 1% 1% Computer Computer 15% 16% Communication Communication 61% 59% Consumer Consumer 22% 23% P. 13
Slide 14: Sales Breakdown by Application
Sales Breakdown by Application 2008 2007 Other Other 1% Memory 1% Memory 1% 1% Computer Computer 18% 18% Communication Communication 58% 56% Consumer Consumer 22% 24% P. 14
Slide 15: Sales Breakdown by Technology
Sales Breakdown by Technology 2008 Q4 2008 Q3 ≥ 0.5um 65nm ≥ 0.5um 65nm 5% 8% 5% 7% 0.25 / 0.35um 0.25 / 0.35um 15% 16% 90nm 90nm 27% 31% 0.15 / 0.18um 0.15 / 0.18um 23% 21% 0.13um 0.13um 22% 20% P. 15
Slide 16: Sales Breakdown by Technology
Sales Breakdown by Technology 2008 2007 ≥ 0.5um 65nm ≥ 0.5um 65nm 5% 7% 7% 2% 0.25 / 0.35um 90nm 0.25 / 0.35um 90nm 16% 30% 21% 21% 0.15 / 0.18um 0.15 / 0.18um 21% 27% 0.13um 0.13um 21% 22% P. 16
Slide 17: Quarterly Capacity
Quarterly Capacity unit : in thousands (8" wafer eq.) FAB 2Q08 3Q08 4Q08 1Q09E Fab 6A 82 82 82 82 Fab 8A 204 204 204 204 Fab 8C 101 108 108 105 Fab 8D 66 63 63 66 Fab 8E 102 102 102 102 Fab 8F 93 93 93 93 Fab 8S 72 75 75 75 Fab 12A 218 220 222 222 Fab 12i 169 202 202 202 Total 1,107 1,149 1,151 1,15
Slide 18: 2008 Capital Expenditure
2008 Capital Expenditure 8" Fab 12" Fab Total UMC 17% 83% 349 million USD P. 18
Slide 19: 2009 Capital Expenditure Plan
2009 Capital Expenditure Plan 8" Fab 12" Fab Total Not to exceed UMC 7% 93% 400 million USD P. 19
Slide 20: www.umc.com [email protected]
For more information regarding UMC www.umc.com For all inquiries, suggestions, and comments [email protected] P. 20
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