United Microelectronics Corp. · TWSE:2303
United Microelectronics — UMC — Q4 2005 Earnings Presentation
20 slides from United Microelectronics's earnings presentation, Feb 14, 2006
Slide 1: UMC 2005 Q4 Financial Review
UMC 2005 Q4 Financial Review February 14, 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 2005 2005 2004 Q4 / Dec Q3 / Sep Q4 / Dec Net Operating Revenues 27,468 23,579 28,229 Net Income 3,044 2,165 1,333 EPS (NTD) 0.16 0.12 0.07 Cash and Cash Equivalents 96,597 71,792 83,347 Total Assets 326,221 314,326 329,563 Total Liabilities 67,938 54,074 63,180
Slide 4: Income Statement - QoQ
Income Statement - QoQ Unit: NT M Change Q4-05 % Q3-05 % % Net Operating Revenues 27,468 100.0 23,579 100.0 16.5 Gross Profit 4,973 18.1 2,954 12.5 68.3 Operating Expenses (4,045) (14.7) (3,514) (14.9) 15.1 Operating Income (Loss) 928 3.4 (560) (2.4) - Net Non-operating Income (Expense) 2,116 7.7 2,
Slide 5: Income Statement - YoY: 12 Months
Income Statement - YoY: 12 Months Unit: NT M Change 2005 % 2004 % % Net Operating Revenues 90,776 100.0 117,312 100.0 (22.6) Gross Profit 11,196 12.3 35,821 30.5 (68.7) Operating Expenses (13,864) (15.3) (11,366) (9.7) 22.0 Operating Income (Loss) (2,668) (3.0) 24,455 20.8 - Net Non-operating Income
Slide 6: Investment Income
Investment Income Unit: NT M Q4-05 Q3-05 Investment income (loss) accounted for under the equity method 84 (617) UMCJ (425) (381) Faraday 61 74 Novatek 193 201 SiS (78) (103) UMO (44) (22) Unimicron 271 180 Others 106 (566) Impairment loss of long-term investments (100) 0 Cash dividends 158 728 Tota
Slide 7: Balance Sheet Highlight - Dec. 31, 2005
Balance Sheet Highlight - Dec. 31, 2005 Unit: NT M Cash and Cash Equivalents 96,597 Long-term Investments 35,090 Fixed Assets 149,809 Total Assets 326,221 Current Liabilities 28,304 Long-term Debts 36,009 Stockholders' Equity 258,283 Depreciation Expense (YTD) 46,129 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 Q4-04 Q1-05 Q2-05 Q3-05 Q4-05 P. 8
Slide 9: Sales Breakdown by Geography
Sales Breakdown by Geography 2005 Q4 2005 Q3 Japan Japan Europe 2% Europe 2% 7% 7% North North Asia America Asia America 42% 49% 48% 43% P. 9
Slide 10: Sales Breakdown by Geography
Sales Breakdown by Geography 2005 2004 Japan Japan Europe 2% 4% Europe 8% 17% North North America America Asia 48% 45% 42% Asia 34% P. 10
Slide 11: Sales Breakdown by Customer
Sales Breakdown by Customer 2005 Q4 2005 Q3 IDM IDM 29% 33% Fabless 67% Fabless 71% P. 11
Slide 12: Sales Breakdown by Customer
Sales Breakdown by Customer 2005 2004 IDM IDM 30% 31% Fabless Fabless 70% 69% P. 12
Slide 13: Sales Breakdown by Application
Sales Breakdown by Application 2005 Q4 2005 Q3 Other Other 1% Memory 1% Memory 1% 1% Computer Computer 19% 20% Communication Communication 54% 47% Consumer Consumer 24% 32% P. 13
Slide 14: Sales Breakdown by Application
Sales Breakdown by Application 2005 2004 Other Other 2% Memory 2% Memory 1% 2% Computer Computer 22% 21% Communication Communication 48% 45% Consumer Consumer 28% 29% P. 14
Slide 15: Sales Breakdown by Technology
Sales Breakdown by Technology 2005 Q4 2005 Q3 90nm ≥ 0.5u 90nm ≥ 0.5u 14% 8% 15% 9% 0.35u 19% 0.35u 22% 0.13u 18% 0.13u 23% 0.25u 6% 0.25u 8% 0.15u 0.18u 0.15u 10% 0.18u 19% 10% 19% P. 15
Slide 16: Sales Breakdown by Technology
Sales Breakdown by Technology 2005 2004 90nm 90nm ≥ 0.5u 11% ≥ 0.5u 3% 10% 10% 0.13u 15% 0.13u 0.35u 0.35u 19% 19% 21% 0.15u 13% 0.25u 0.15u 0.25u 9% 11% 16% 0.18u 0.18u 24% 19% P. 16
Slide 17: Quarterly Capacity
Quarterly Capacity unit: in thousands (8" wafer eq.) FAB 2Q05 3Q05 4Q05 1Q06E Fab 6A 86 86 86 82 Fab 8AB 204 204 204 204 Fab 8C 100 100 100 100 Fab 8D 68 68 66 63 Fab 8E 101 101 101 101 Fab 8F 95 95 93 93 Fab 8S 69 69 69 69 Fab 12A 145 153 160 175 Fab 12i 94 94 94 95 Total 962 970 973 982 P. 17
Slide 18: 2005 Capital Expenditure
2005 Capital Expenditure 8" Fab 12" Fab 12" R&D Total UMC 4% 83% 13% 0.7 billion USD UMCJ 100% - - 22 million USD P. 18
Slide 19: 2006 Capital Expenditure Plan
2006 Capital Expenditure Plan 8" Fab 12" Fab 12" R&D Total UMC 2% 83% 15% 1 billion USD P. 19
Slide 20: For more information regarding UMC
For more information regarding UMC www.umc.com For all inquiries, suggestions, and comments ir@umc.com P. 20