United Microelectronics Corp. · TWSE:2303
United Microelectronics — UMC — Q2 2007 Earnings Presentation
15 slides from United Microelectronics's earnings presentation, Aug 1, 2007
Slide 1: UMC 2007 Q2 Financial Review
UMC 2007 Q2 Financial Review Aug 1, 2007 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 2007 2007 2006 Q2 / Jun Q1 / Mar Q2 / Jun Net Operating Revenues 25,097 23,025 25,751 Net Income 4,911 1,459 6,052 EPS (NTD) 0.28 0.08 0.34 Cash and Cash Equivalents 77,058 80,989 90,050 Total Assets 355,554 357,246 341,831 Total Liabilities 66,009 63,414 70,871
Slide 4: Income Statement - QoQ
Income Statement - QoQ Unit: NT M Change Q2-07 % Q1-07 % % Net Operating Revenues 25,097 100.0 23,025 100.0 9.0 Gross Profit 4,958 19.8 3,676 16.0 34.9 Operating Expenses (3,732) (14.9) (3,658) (15.9) 2.0 Operating Income (Loss) 1,226 4.9 18 0.1 6,711.1 Net Non-operating Income (Expense) 4,182 16.7
Slide 5: Income Statement - YoY: 6 Months
Income Statement - YoY: 6 Months Unit: NT M Change H1-07 % H1-06 % % Net Operating Revenues 48,122 100.0 50,135 100.0 (4.0) Gross Profit 8,634 17.9 8,426 16.8 2.5 Operating Expenses (7,390) (15.3) (6,711) (13.4) 10.1 Operating Income (Loss) 1,244 2.6 1,715 3.4 (27.5) Net Non-operating Income (Expens
Slide 6: Investment Income
Investment Income Unit: NT M Q2-07 Q1-07 Investment income accounted for under the equity method 434 697 Impairment loss (246) - Gain (Loss) on valuation of financial assets 517 (588) Cash dividends 55 - Total 760 109 P. 6 Page 6
Slide 7: Balance Sheet Highlight - Jun. 30, 2007
Balance Sheet Highlight - Jun. 30, 2007 Unit: NT M Cash and Cash Equivalents 77,058 Funds and Investments 90,626 Fixed Assets 140,715 Total Assets 355,554 Current Liabilities 54,920 Long-term Debts 7,495 Stockholders' Equity 289,545 Depreciation Expense (YTD) 17,766 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 Q2-06 Q3-06 Q4-06 Q1-07 Q2-07 P. 8 Page 8
Slide 9: Sales Breakdown by Geography
Sales Breakdown by Geography 2007 Q2 2007 Q1 Japan Europe Europe Japan 2% 3% 8% 7% Asia Asia 43% 43% North North America America 47% 47% P. 9 Page 9
Slide 10: Sales Breakdown by Customer
Sales Breakdown by Customer 2007 Q2 2007 Q1 IDM IDM 25% 24% Fabless Fabless 75% 76% P. 10 Page 10
Slide 11: Sales Breakdown by Application
Sales Breakdown by Application 2007 Q2 2007 Q1 Other Other Memory Memory 1% 1% 1% Computer 1% Computer 17% 18% Communication Communication 55% 56% Consumer Consumer 26% 24% P. 11 Page 11
Slide 12: Sales Breakdown by Technology
Sales Breakdown by Technology 2007 Q2 2007 Q1 ≥ 0.5u ≤ 90nm ≥ 0.5u 7% 8% ≤ 90nm 17% 21% 0.35u 0.35u 18% 19% 0.25u 0.13u 4% 25% 0.13u 0.25u 16% 6% 0.18u 20% 0.15u 0.18u 0.15u 9% 19% 11% P. 12 Page 12
Slide 13: Quarterly Capacity
Quarterly Capacity unit: in thousands (8" wafer eq.) FAB 4Q06 1Q07 2Q07 3Q07E Fab 6A 82 82 82 82 Fab 8AB 204 204 204 204 Fab 8C 100 100 100 100 Fab 8D 63 65 65 65 Fab 8E 102 102 102 102 Fab 8F 93 93 93 93 Fab 8S 69 69 69 69 Fab 12A 193 200 215 220 Fab 12i 114 128 140 160 Total 1,020 1,043 1,070 1,09
Slide 14: 2007 Capital Expenditure Plan
2007 Capital Expenditure Plan 8" Fab 12" Fab 12" R&D Total UMC 2% 80% 18% 1.0~1.2 billion 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 ir@umc.com P. 15 Page 15