United Microelectronics Corp. · TWSE:2303
United Microelectronics — UMC — Q2 2008 Earnings Presentation
15 slides from United Microelectronics's earnings presentation, Jul 30, 2008
Slide 1: UMC 2008 Q2 Financial Review
UMC 2008 Q2 Financial Review July 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 2008 2007 Q2 / Jun Q1 / Mar Q2 / Jun Net Operating Revenues 25,238 24,003 25,097 Net Income 2,397 206 4,911 EPS (NTD) 0.19 0.02 0.28 Cash and Cash Equivalents 25,418 29,635 77,058 Total Assets 243,218 262,179 355,554 Total Liabilities 36,480 38,018 66,009 St
Slide 4: Income Statement - QoQ
Income Statement - QoQ Unit: NT M Change Q2-08 % Q1-08 % % Net Operating Revenues 25,238 100.0 24,003 100.0 5.1 Gross Profit 5,795 23.0 3,576 14.9 62.1 Operating Expenses (3,454) (13.7) (3,386) (14.1) 2.0 Operating Income (Loss) 2,341 9.3 190 0.8 1,132.1 Net Non-operating Income (Expense) 120 0.5 71
Slide 5: Income Statement - YoY: 6 Months
Income Statement - YoY: 6 Months Unit: NT M Change H1-08 % H1-07 % % Net Operating Revenues 49,241 100.0 48,122 100.0 2.3 Gross Profit 9,371 19.0 8,634 17.9 8.5 Operating Expenses (6,840) (13.9) (7,390) (15.3) (7.4) Operating Income (Loss) 2,531 5.1 1,244 2.6 103.5 Net Non-operating Income (Expense)
Slide 6: Investment Income
Investment Income Unit: NT M Q2-08 Q1-08 Investment gain ( loss) accounted for under the equity method 232 (319) Impairment loss (76) (10) Gain (Loss) on valuation of financial assets (771) 51 Cash dividends 40 - Total (575) (278) P. 6 Page 6
Slide 7: Balance Sheet Highlight - Jun. 30, 2008
Balance Sheet Highlight - Jun. 30, 2008 Unit: NT M Cash and Cash Equivalents 25,418 Funds and Investments 61,903 Fixed Assets 112,430 Total Assets 243,218 Current Liabilities 25,222 Bonds Payable 7,496 Stockholders' Equity 206,738 Depreciation Expense (YTD) 18,356 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 Q2-07 Q3-07 Q4-07 Q1-08 Q2-08 P. 8 Page 8
Slide 9: Sales Breakdown by Geography
Sales Breakdown by Geography 2008 Q2 2008 Q1 Japan Japan Europe Europe 2% 2% 13% 11% Asia Asia 35% 29% North North America America 50% 58% P. 9 Page 9
Slide 10: Sales Breakdown by Customer
Sales Breakdown by Customer 2008 Q2 2008 Q1 IDM IDM 29% 30% Fabless Fabless 71% 70% P. 10 Page 10
Slide 11: Sales Breakdown by Application
Sales Breakdown by Application 2008 Q2 2008 Q1 Other Other 2% Memory 1% Memory 1% 1% Computer Computer 17% 21% Communication Communication 58% 56% Consumer Consumer 22% 21% P. 11 Page 11
Slide 12: Sales Breakdown by Technology
Sales Breakdown by Technology 2008 Q2 2008 Q1 65nm 65nm ≥0.5um 5% ≥0.5um 7% 5% 6% 0.25 / 0.35um 90nm 0.25 / 0.35um 90nm 18% 31% 14% 30% 0.15 / 0.18um 0.15 / 0.18um 20% 22% 0.13um 0.13um 21% 21% P. 12 Page 12
Slide 13: Quarterly Capacity
Quarterly Capacity unit: in thousands (8" wafer eq.) FAB 4Q07 1Q08 2Q08 3Q08E Fab 6A 82 82 82 82 Fab 8AB 204 204 204 204 Fab 8C 100 100 101 101 Fab 8D 65 65 66 66 Fab 8E 102 102 102 102 Fab 8F 93 93 93 93 Fab 8S 69 69 72 72 Fab 12A 216 216 218 218 Fab 12i 169 169 169 202 Total 1,100 1,100 1,107 1,14
Slide 14: 2008 Capital Expenditure Plan
2008 Capital Expenditure Plan 8" Fab 12" Fab 12" R&D Total UMC 15% 52% 33% 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 ir@umc.com P. 15 Page 15