United Microelectronics Corp. · TWSE:2303
United Microelectronics — Q3 2006 Earnings Presentation
15 slides from United Microelectronics's earnings presentation, Oct 25, 2006
Slide 1: UMC 2006 Q3 Financial Review
UMC 2006 Q3 Financial Review October 25, 2006 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 2006 2006 2005 Q3 / Sep Q2 / Jun Q3 / Sep Net Operating Revenues 27,852 25,751 23,579 Net Income 8,592 6,052 2,165 EPS (NTD) 0.48 0.34 0.11 Cash and Cash Equivalents 83,004 90,050 71,792 Total Assets 346,678 341,831 314,326 Total Liabilities 68,620 70,871 54,074
Slide 4: Income Statement - QoQ
Income Statement - QoQ Unit: NT M Change Q3-06 % Q2-06 % % Net Operating Revenues 27,852 100.0 25,751 100.0 8.2 Gross Profit 6,814 24.5 5,171 20.1 31.8 Operating Expenses (3,777) (13.6) (3,541) (13.8) 6.7 Operating Income (Loss) 3,037 10.9 1,630 6.3 86.3 Net Non-operating Income (Expense) 6,438 23.1
Slide 5: Income Statement - YoY: 9 Months
Income Statement - YoY: 9 Months Unit: NT M 2006 2005 Change % % Jan~Sep Jan~Sep % Net Operating Revenues 77,987 100.0 63,307 100.0 23.2 Gross Profit 15,240 19.5 6,223 9.8 144.9 Operating Expenses (10,488) (13.4) (9,819) (15.5) 6.8 Operating Income (Loss) 4,752 6.1 (3,596) (5.7) - Net Non-operating
Slide 6: Investment Income
Investment Income Unit: NT M Q3-06 Q2-06 Investment income accounted for under the equity method 821 584 Impairment loss of long-term investments - (22) Gain (Loss) on valuation of financial assets 10 (155) Cash dividends 816 26 Total 1,647 433 P. 6 Page 6
Slide 7: Balance Sheet Highlight - Sep. 30, 2006
Balance Sheet Highlight - Sep. 30, 2006 Unit: NT M Cash and Cash Equivalents 83,004 Long-term Investments 74,001 Fixed Assets 139,316 Total Assets 346,678 Current Liabilities 34,408 Long-term Debts 30,566 Stockholders' Equity 278,058 Depreciation Expense (YTD) 32,955 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 Q3-05 Q4-05 Q1-06 Q2-06 Q3-06 P. 8 Page 8
Slide 9: Sales Breakdown by Geography
Sales Breakdown by Geography 2006 Q3 2006 Q2 Japan Japan Europe Europe 3% 3% 10% 11% Asia Asia 27% 35% North North America America 60% 51% P. 9 Page 9
Slide 10: Sales Breakdown by Customer
Sales Breakdown by Customer 2006 Q3 2006 Q2 IDM IDM 44% 37% Fabless Fabless 56% 63% P. 10 Page 10
Slide 11: Sales Breakdown by Application
Sales Breakdown by Application 2006 Q3 2006 Q2 Other Other Memory Memory 1% 1% 1% Computer 1% Computer 15% 14% Communication Communication 55% 56% Consumer Consumer 28% 28% P. 11 Page 11
Slide 12: Sales Breakdown by Technology
Sales Breakdown by Technology 2006 Q3 2006 Q2 ≥ 0.5u ≤ 90nm ≥ 0.5u 90nm 9% 21% 9% 16% 0.35u 0.35u 13% 18% 0.25u 0.25u 6% 6% 0.13u 0.13u 22% 25% 0.18u 0.18u 19% 0.15u 0.15u 20% 7% 9% P. 12 Page 12
Slide 13: Quarterly Capacity
Quarterly Capacity unit: in thousands (8" wafer eq.) FAB 1Q06 2Q06 3Q06 4Q06E Fab 6A 82 82 82 80 Fab 8AB 204 204 204 204 Fab 8C 100 100 100 100 Fab 8D 63 63 63 63 Fab 8E 101 101 102 102 Fab 8F 93 93 93 93 Fab 8S 69 69 69 69 Fab 12A 178 191 192 193 Fab 12i 95 99 105 114 Total 985 1,002 1,010 1,018 P.
Slide 14: 2006 Capital Expenditure Plan
2006 Capital Expenditure Plan 8" Fab 12" Fab 12" R&D Total UMC 3% 87% 10% 1 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
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