United Microelectronics Corp. · TWSE:2303
United Microelectronics — Q3 2010 Earnings Presentation
15 slides from United Microelectronics's earnings presentation, Oct 27, 2010
Slide 1: UMC 2010 Q3 Financial Review
UMC 2010 Q3 Financial Review October 27, 2010
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 2010 2010 2009 Q3 / Sep Q2 / Jun Q3 / Sep Net Operating Revenues 32,652 29,745 27,406 Net Income 8,720 5,273 6,091 EPS (NTD) 0.70 0.42 0.48 Cash and Cash Equivalents 38,931 45,506 44,636 Total Assets 262,250 248,069 231,731 Total Liabilities 46,200 42,418 27,367
Slide 4: Income Statement - QoQ
Income Statement - QoQ Unit: NT M Change Q3-10 % Q2-10 % % Net Operating Revenues 32,652 100.0 29,745 100.0 9.8 Gross Profit 10,648 32.6 8,805 29.6 20.9 Operating Expenses (3,461) (10.6) (3,368) (11.3) 2.8 Operating Income 7,187 22.0 5,437 18.3 32.2 Net Non-operating Income 1,937 5.9 199 0.6 873.4 I
Slide 5: Income Statement - YoY: 9 Months
Income Statement - YoY: 9 Months Unit: NT M 2010 2009 Change % % Jan~Sep Jan~Sep % Net Operating Revenues 89,112 100.0 60,872 100.0 46.4 Gross Profit 26,012 29.2 8,701 14.3 199.0 Operating Expenses (9,984) (11.2) (9,113) (15.0) 9.6 Operating Income (Loss) 16,028 18.0 (412) (0.7) - Net Non-operating
Slide 6: Investment Income
Investment Income Unit: NT M Q3-10 Q2-10 Investment gain (loss) accounted for under the equity method 696 (66) Gain (Loss) on valuation of financial assets 33 (167) Cash dividends 1,049 30 Total 1,778 (203) P. 6
Slide 7: Balance Sheet Highlight - Sep. 30, 2010
Balance Sheet Highlight - Sep. 30, 2010 Unit: NT M Cash and Cash Equivalents 38,931 Funds and Investments 67,026 Fixed Assets 110,783 Total Assets 262,250 Current Liabilities 41,895 Long-term Loans 808 Shareholders' Equity 216,050 Depreciation Expense (YTD) 22,792 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 Q3-09 Q4-09 Q1-10 Q2-10 Q3-10 P. 8
Slide 9: Sales Breakdown by Geography
Sales Breakdown by Geography 2010 Q3 2010 Q2 Europe Japan Europe Japan 13% 1% 11% 1% Asia Asia 40% 42% North North America America 46% 46% P. 9
Slide 10: Sales Breakdown by Customer
Sales Breakdown by Customer 2010 Q3 2010 Q2 IDM IDM 22% 19% Fabless Fabless 78% 81% P. 10
Slide 11: Sales Breakdown by Application
Sales Breakdown by Application 2010 Q3 2010 Q2 Other Memory Other Memory 2% 1% 1% 1% Computer Computer 12% 13% Communication Communication 53% 54% Consumer Consumer 32% 31% P. 11
Slide 12: Sales Breakdown by Technology
Sales Breakdown by Technology 2010 Q3 2010 Q2 40nm 40nm ≥ ≤ 65nm ≥ 0.5um ≤ 65nm 4% 3% 0.5um 30% 5% 24% 5% 0.25 / 0.35um 65nm 0.25 / 0.35um 65nm 12% 26% 13% 21% 0.15 / 0.18um 0.15 / 0.18um 15% 18% 90nm 90nm 14% 18% 0.13/0.11um 0.13/0.11um 24% 22% P. 12
Slide 13: Quarterly Capacity
Quarterly Capacity unit: in thousands (8" wafer eq.) FAB 1Q10 2Q10 3Q10 4Q10E Fab6A 82 83 83 83 Fab8A 204 204 204 204 Fab8C 96 90 90 90 Fab8D 71 78 81 84 Fab8E 102 102 102 104 Fab8F 96 96 98 98 Fab8S 75 75 77 77 Fab12A 209 209 210 213 Fab12i 219 245 275 282 Total 1,154 1,183 1,220 1,234 P. 13
Slide 14: 2010 Capital Expenditure Plan
2010 Capital Expenditure Plan 8" 12" Total UMC 12% 88% 1.8 billion USD P. 14
Slide 15: www.umc.com ir@umc.com
For more information regarding UMC www.umc.com For all inquiries, suggestions, and comments ir@umc.com P. 15
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