United Microelectronics Corp. · TWSE:2303
United Microelectronics — UMC — Q1 2007 Earnings Presentation
15 slides from United Microelectronics's earnings presentation, May 2, 2007
Slide 1: UMC 2007 Q1 Financial Review
UMC 2007 Q1 Financial Review May 2, 2007 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 2007 2006 2006 Q1 / Mar Q4 / Dec Q1 / Mar Net Operating Revenues 23,025 26,112 24,384 Net Income 1,459 5,689 12,286 EPS (NTD) 0.08 0.33 0.66 Cash and Cash Equivalents 80,989 83,395 96,372 Total Assets 357,246 355,229 361,181 Total Liabilities 63,414 64,064 68,847
Slide 4: Income Statement - QoQ
Income Statement - QoQ Unit: NT M Change Q1-07 % Q4-06 % % Net Operating Revenues 23,025 100.0 26,112 100.0 (11.8) Gross Profit 3,676 16.0 5,453 20.9 (32.6) Operating Expenses (3,658) (15.9) (4,081) (15.6) (10.4) Operating Income (Loss) 18 0.1 1,372 5.3 (98.7) Net Non-operating Income (Expense) 1,71
Slide 5: Income Statement - YoY: 3 Months
Income Statement - YoY: 3 Months Unit: NT M Change Q1-07 % Q1-06 % % Net Operating Revenues 23,025 100.0 24,384 100.0 (5.6) Gross Profit 3,676 16.0 3,255 13.3 12.9 Operating Expenses (3,658) (15.9) (3,170) (13.0) 15.4 Operating Income (Loss) 18 0.1 85 0.3 (78.8) Net Non-operating Income (Expense) 1,
Slide 6: Investment Income
Investment Income Unit: NT M Q1-07 Q4-06 Investment income accounted for under the equity method 697 471 Impairment loss - (826) Gain (Loss) on valuation of financial assets (588) 896 Cash dividends - 19 Total 109 560 P. 6 Page 6
Slide 7: Balance Sheet Highlight - Mar. 31, 2007
Balance Sheet Highlight - Mar. 31, 2007 Unit: NT M Cash and Cash Equivalents 80,989 Funds and Investments 84,782 Fixed Assets 145,949 Total Assets 357,246 Current Liabilities 41,808 Long-term Debts 17,993 Stockholders' Equity 293,832 Depreciation Expense (YTD) 8,857 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 Q1-06 Q2-06 Q3-06 Q4-06 Q1-07 P. 8 Page 8
Slide 9: Sales Breakdown by Geography
Sales Breakdown by Geography 2007 Q1 2006 Q4 Japan Japan Europe Europe 3% 3% 7% 7% Asia Asia 43% 37% North North America America 47% 53% P. 9 Page 9
Slide 10: Sales Breakdown by Customer
Sales Breakdown by Customer 2007 Q1 2006 Q4 IDM IDM 24% 37% Fabless Fabless 76% 63% P. 10 Page 10
Slide 11: Sales Breakdown by Application
Sales Breakdown by Application 2007 Q1 2006 Q4 Other Other Memory Memory 1% 1% 1% Computer 1% Computer 18% 15% Communication Communication 56% 61% Consumer Consumer 24% 22% P. 11 Page 11
Slide 12: Sales Breakdown by Technology
Sales Breakdown by Technology 2007 Q1 2006 Q4 ≥ 0.5u ≥ 0.5u ≤ 90nm 8% ≤ 90nm 9% 21% 21% 0.35u 0.35u 19% 17% 0.13u 0.25u 16% 0.25u 6% 6% 0.13u 20% 0.18u 0.15u 0.18u 19% 11% 18% 0.15u 9% P. 12 Page 12
Slide 13: Quarterly Capacity
Quarterly Capacity unit: in thousands (8" wafer eq.) FAB 3Q06 4Q06 1Q07 2Q07E Fab 6A 82 82 82 82 Fab 8AB 204 204 204 204 Fab 8C 100 100 100 100 Fab 8D 63 63 65 65 Fab 8E 102 102 102 102 Fab 8F 93 93 93 93 Fab 8S 69 69 69 69 Fab 12A 192 193 200 210 Fab 12i 105 114 128 140 Total 1,010 1,020 1,043 1,06
Slide 14: 2007 Capital Expenditure Plan
2007 Capital Expenditure Plan 8" Fab 12" Fab 12" R&D Total UMC 2% 83% 15% 1.0~1.2 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