Vanguard International Semiconductor Corp · TPEX:5347

Vanguard International Semiconductor — Q4 2004 Earnings Presentation

14 slides from Vanguard International Semiconductor's earnings presentation, Jan 31, 2005

  1. Slide 1: 2004 Fourth Quarter Results Investor Conference

    VANGUARD International Semiconductor Corporation 2004 Fourth Quarter Results Investor Conference January 31, 2005

  2. Slide 2: Disclaimer

    Disclaimer This Investor Conference Presentation contains certain forward- looking statements that are based on current expectations and are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements.

  3. Slide 3: 4Q'04 Result Highlights

    4Q’04 Result Highlights Amount: NT$Million 4Q'04 3Q'04 4Q'03 Amount Amount Amount Net Sales 3,624 4,362 3,293 Net Income 1,564 1,171 350 EPS(NT$) * 1.07 0.80 0.24 Cash and Equivalent + S-T Invest. 8,439 6,600 5,801 Interest-bearing Debt 2,864 3,059 5,600 Shareholders'Equity 19,415 17,903 14,522 Tota

  4. Slide 4: Income Statement - YoY Comparison

    Income Statement - YoY Comparison Amount: NT$Million 4Q'04 4Q'03 YoY Amount % Amount % % Net Sales 3,624 100% 3,293 100% 10% COGS (2,382) -66% (2,831) -86% -16% Gross Profit (Loss) 1,242 34% 462 14% 169% Operating Expense (244) -7% (267) -8% -8% Operating Income (Loss) 998 28% 195 6% 411% Investment

  5. Slide 5: Income Statement - QoQ Comparison

    Income Statement - QoQ Comparison Amount: NT$Million 4Q'04 3Q'04 QoQ Amount % Amount % % Net Sales 3,624 100% 4,362 100% -17% COGS (2,382) -66% (2,721) -62% -12% Gross Profit (Loss) 1,242 34% 1,641 38% -24% Operating Expense (244) -7% (258) -6% -5% Operating Income (Loss) 998 28% 1,383 32% -28% Inve

  6. Slide 6: Income Statement Yearly Comparison

    Income Statement Yearly Comparison Amount: NT$Million 2004 2003 YOY Amount % Amount % % Net Sales 15,879 100% 10,905 100% 46% COGS (10,867) -68% (11,550) -106% -6% Gross Profit (Loss) 5,012 32% (645) -6% - Operating Expense (1,007) -6% (1,012) -9% -1% Operating Income (Loss) 4,005 25% (1,657) -15% -

  7. Slide 7: Balance Sheet & Key Indices

    Balance Sheet & Key Indices Amount: NT$ Million Selected Items from 4Q' 04 3Q' 04 4Q' 03 Balance Sheet Amount % Amount % Amount % Total Assets 24,745 100.0% 24,006 100.0% 22,788 100.0% Cash & S-T Investments 8,439 34.1% 6,600 27.5% 5,801 25.5% Accounts Receivable 2,034 8.2% 2,449 10.2% 1,848 8.1% In

  8. Slide 8: Cash Flows

    Cash Flows 4Q' 04 3Q' 04 4Q' 03 Amount: NT$Million Amount Amount Amount From Operation 2,965 2,588 1,278 - Net Profit (Loss) 1,564 1,171 350 - Depreciation & Amort. 903 840 791 - Investment (Gain) Loss (59) 4 28 - (Gain) Loss on Disposal of Properties - Net (22) (10) 103 - Changes of Inventory 144 1

  9. Slide 9: Net Sales & Gross Margin

    Net Sales & Gross Margin Sales (NT$ Million) Gross Margin (%) 5,000 50% Foundry DRAM 4,362 4,500 4,161 Gross Margin 40% 4,000 3,732 3,624 3,500 3,293 30% 3,000 3,004 2,500 2,572 20% 1,935 3,947 2,000 3,624 10% 1,500 1,000 0% 1,358 500 1,160 1,157 415 0 -10% 4Q' 03 1Q' 04 2Q' 04 3Q' 04 4Q' 04

  10. Slide 10: Improving Performance

    Improving Performance Better Net Income & EPS Net Income (NT$M) EPS* (NTD) Net Income EPS 1,500 1.50 1,000 1.00 500 0.50 0 0.00 (500) (0.50) (1,000) (1.00) Sales 1Q' 03 2Q' 03 3Q' 03 4Q' 03 1Q' 04 2Q' 04 3Q' 04 4Q' 04 Net Income (740) 126 441 350 1,092 928 1,171 1,564 EPS* (0.52) 0.09 0.31 0.24 0.75

  11. Slide 11: Utilization & Wafer Shipment

    Utilization & Wafer Shipment Wafer Shipment ( 8” Equiv. Kpcs ) Utilization ( % ) 200 Foundry 103% 105% DRAM 102% 180 Utilization Rate 100% 92% 160 87% 140 120 100 125 81 108 154 50% 80 140 60 40 48 20 38 38 14 0 0% 4Q' 03 1Q' 04 2Q' 04 3Q' 04 4Q' 04

  12. Slide 12: Sales Breakdown by Technology

    Sales Breakdown by Technology 100% 3% 9% 8% 26% 5% 29% 0.18um 80% 39% 4% 7% 60% 0.25um 53% 59% 7% 43% 45% 40% 0.35um 35% 20% 33% 30% 27% 0.5um 19% 19% 0% 4Q'03 1Q'04 2Q'04 3Q'04 4Q'04

  13. Slide 13: Sales Breakdown by Application

    Sales Breakdown by Application Foundry 100% 3% 4% 8% 2% 5% 5% 2% 1% 1% 2% Others 14% 17% 17% 15% 80% 18% Automotive 60% 40% 35% 36% 43% 39% Consumer 40% Computer 20% 41% 41% 44% 33% 34% Comm. 0% 4Q' 03 1Q' 04 2Q' 04 3Q' 04 4Q' 04

  14. Slide 14: http://www.vis.com.tw

    http://www.vis.com.tw . . , Vanguard International Customized Specialty IC Foundry of Choice 4004 Investor Conference een canailees Corporation Wi

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