United Microelectronics Corp. · TWSE:2303
United Microelectronics — UMC — Q4 2006 Earnings Presentation
20 slides from United Microelectronics's earnings presentation, Feb 7, 2007
Slide 1: UMC 2006 Q4 Financial Review
UMC 2006 Q4 Financial Review February 7, 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 2006 2006 2005 Q4 / Dec Q3 / Sep Q4 / Dec Net Operating Revenues 26,112 27,852 27,468 Net Income 5,689 8,592 3,044 EPS (NTD) 0.33 0.48 0.17 Cash and Cash Equivalents 83,395 83,004 96,597 Total Assets 355,229 346,678 326,221 Total Liabilities 64,064 68,620 67,938
Slide 4: Income Statement - QoQ
Income Statement - QoQ Unit: NT M Change Q4-06 % Q3-06 % % Net Operating Revenues 26,112 100.0 27,852 100.0 (6.2) Gross Profit 5,453 20.9 6,814 24.5 (20.0) Operating Expenses (4,081) (15.6) (3,777) (13.6) 8.0 Operating Income (Loss) 1,372 5.3 3,037 10.9 (54.8) Net Non-operating Income (Expense) 5,28
Slide 5: Income Statement - YoY: 12 Months
Income Statement - YoY: 12 Months Unit: NT M Change 2006 % 2005 % % Net Operating Revenues 104,099 100.0 90,776 100.0 14.7 Gross Profit 20,693 19.9 11,196 12.3 84.8 Operating Expenses (14,569) (14.0) (13,864) (15.3) 5.1 Operating Income (Loss) 6,124 5.9 (2,668) (3.0) - Net Non-operating Income (Expe
Slide 6: Investment Income
Investment Income Unit: NT M Q4-06 Q3-06 Investment income accounted for under the equity method 471 821 Impairment loss (826) - Gain (Loss) on valuation of financial assets 896 16 Cash dividends 19 816 Total 560 1,653 P. 6 Page 6
Slide 7: Balance Sheet Highlight - Dec. 31, 2006
Balance Sheet Highlight - Dec. 31, 2006 Unit: NT M Cash and Cash Equivalents 83,395 Long-term Investments 82,746 Fixed Assets 142,648 Total Assets 355,229 Current Liabilities 30,061 Long-term Debts 30,383 Stockholders' Equity 291,165 Depreciation Expense (YTD) 42,513 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 Q4-05 Q1-06 Q2-06 Q3-06 Q4-06 P. 8 Page 8
Slide 9: Sales Breakdown by Geography
Sales Breakdown by Geography 2006 Q4 2006 Q3 Europe Japan Europe Japan 7% 3% 10% 3% Asia Asia 37% 27% North North America America 53% 60% P. 9 Page 9
Slide 10: Sales Breakdown by Geography
Sales Breakdown by Geography 2006 2005 Japan Japan Europe Europe 3% 2% 9% 8% Asia Asia 35% 42% North North America America 53% 48% P. 10 Page 10
Slide 11: Sales Breakdown by Customer
Sales Breakdown by Customer 2006 Q4 2006 Q3 IDM IDM 37% 44% Fabless Fabless 63% 56% P. 11 Page 11
Slide 12: Sales Breakdown by Customer
Sales Breakdown by Customer 2006 2005 IDM IDM 37% 30% Fabless Fabless 63% 70% P. 12 Page 12
Slide 13: Sales Breakdown by Application
Sales Breakdown by Application 2006 Q4 2006 Q3 Other Other Memory Memory 1% 1% 1% Computer 1% Computer 15% 15% Communication Communication 61% 55% Consumer Consumer 22% 28% P. 13 Page 13
Slide 14: Sales Breakdown by Application
Sales Breakdown by Application 2006 2005 Other Other Memory Memory 1% 2% 1% Computer 1% Computer 16% 21% Communication Communication 56% 48% Consumer Consumer 26% 28% P. 14 Page 14
Slide 15: Sales Breakdown by Technology
Sales Breakdown by Technology 2006 Q4 2006 Q3 ≥ 0.5u ≥ 0.5u 9% ≤ 90nm 9% ≤ 90nm 21% 21% 0.35u 13% 0.35u 17% 0.25u 6% 0.25u 0.13u 6% 20% 0.18u 19% 0.13u 0.18u 0.15u 25% 9% 0.15u 18% 7% P. 15 Page 15
Slide 16: Sales Breakdown by Technology
Sales Breakdown by Technology 2006 2005 65nm ≥ 0.5u 1% 90nm ≥ 0.5u 90nm 9% 17% 10% 11% 0.35u 17% 0.35u 21% 0.13u 0.13u 19% 0.25u 22% 6% 0.25u 9% 0.15u 11% 0.18u 0.15u 0.18u 19% 9% 19% P. 16 Page 16
Slide 17: Quarterly Capacity
Quarterly Capacity unit: in thousands (8" wafer eq.) FAB 2Q06 3Q06 4Q06 1Q07E Fab 6A 82 82 82 82 Fab 8AB 204 204 204 204 Fab 8C 100 100 100 100 Fab 8D 63 63 63 65 Fab 8E 101 102 102 102 Fab 8F 93 93 93 93 Fab 8S 69 69 69 69 Fab 12A 191 192 193 200 Fab 12i 99 105 114 128 Total 1,002 1,010 1020 1,043
Slide 18: 2006 Capital Expenditure
2006 Capital Expenditure 8" Fab 12" Fab 12" R&D Total UMC 3% 87% 10% 1 billion USD P. 18 Page 18
Slide 19: 2007 Capital Expenditure Plan
2007 Capital Expenditure Plan 8" Fab 12" Fab 12" R&D Total UMC 3% 81% 16% 1.0~1.2 billion USD P. 19 Page 19
Slide 20: www.umc.com ir@umc.com
For more information regarding UMC www.umc.com For all inquiries, suggestions, and comments ir@umc.com P. 20 Page 20