United Microelectronics Corp. · TWSE:2303
United Microelectronics — Q2 2011 Earnings Presentation
15 slides from United Microelectronics's earnings presentation, Aug 3, 2011
Slide 1: UMC 2011 Q2 Financial Review
UMC 2011 Q2 Financial Review August 3, 2011
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 2011 2011 2010 Q2 / Jun Q1 / Mar Q2 / Jun Net Operating Revenues 28,150 28,118 29,745 Net Income 3,192 4,483 5,273 EPS (NTD) 0.26 0.36 0.42 Cash and Cash Equivalents 45,383 31,031 45,506 Total Assets 275,094 262,603 248,069 Total Liabilities 66,629 42,656 42,418
Slide 4: Income Statement - QoQ
Income Statement - QoQ Unit: NT M Change Q2-11 % Q1-11 % % Net Operating Revenues 28,150 100.0 28,118 100.0 0.1 Gross Profit 6,718 23.9 7,742 27.5 (13.2) Operating Expenses (3,398) (12.1) (3,300) (11.7) 3.0 Operating Income 3,320 11.8 4,442 15.8 (25.3) Net Non-operating Income 203 0.7 432 1.5 (53.0)
Slide 5: Income Statement - YoY: 6 Months
Income Statement - YoY: 6 Months Unit: NT M Change H1-11 % H1-10 % % Net Operating Revenues 56,268 100.0 56,460 100.0 (0.3) Gross Profit 14,461 25.7 15,364 27.2 (5.9) Operating Expenses (6,699) (11.9) (6,523) (11.5) 2.7 Operating Income 7,762 13.8 8,841 15.7 (12.2) Net Non-operating Income 635 1.1 3
Slide 6: Investment Income
Investment Income Unit: NT M Q2-11 Q1-11 Investment loss accounted for under the equity method (55) (309) Impairment loss (140) - Loss on valuation of financial assets (127) (111) Cash dividends 69 - Total (253) (420) P. 6
Slide 7: Balance Sheet Highlight - June 30, 2011
Balance Sheet Highlight - June 30, 2011 Unit: NT M Cash and Cash Equivalents 45,383 Funds and Investments 63,482 Fixed Assets 124,046 Total Assets 275,094 Current Liabilities 48,723 Long-term Debts 14,375 Shareholders' Equity 208,465 Depreciation Expense (YTD) 14,706 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 Q2-10 Q3-10 Q4-10 Q1-11 Q2-11 P. 8
Slide 9: Sales Breakdown by Geography
Sales Breakdown by Geography 2011 Q2 2011 Q1 Europe Japan Europe Japan 11% 1% 13% 1% Asia Asia 39% 35% North North America America 49% 51% P. 9
Slide 10: Sales Breakdown by Customer
Sales Breakdown by Customer 2011 Q2 2011 Q1 IDM IDM 27% 28% Fabless Fabless 73% 72% P. 10
Slide 11: Sales Breakdown by Application
Sales Breakdown by Application 2011 Q2 2011 Q1 Other Other 2% Memory 2% Memory 1% 1% Computer Computer 15% 14% Communication Communication 53% 57% Consumer Consumer 29% 26% P. 11
Slide 12: Sales Breakdown by Technology
Sales Breakdown by Technology 2011 Q2 2011 Q1 ≥ 0.5um 40nm ≥ 0.5um 40nm ≤ 65nm ≤ 65nm 5% 6% 37% 5% 6% 35% 0.25/0.35um 0.25/0.35um 9% 9% 65nm 65nm 0.15/0.18um 31% 0.15/0.18um 29% 12% 13% 0.11/0.13um 0.11/0.13um 24% 23% 90nm 90nm 13% 15% P. 12
Slide 13: Quarterly Capacity
Quarterly Capacity unit: in thousands (8" wafer eq.) FAB 4Q10 1Q11 2Q11 3Q11E Fab6A 83 75 76 76 Fab8A 204 201 204 204 Fab8C 90 89 90 90 Fab8D 84 85 93 93 Fab8E 104 114 119 119 Fab8F 98 96 98 98 Fab8S 77 75 77 77 Fab12A 213 234 278 300 Fab12i 282 291 296 302 Total 1,234 1,259 1,330 1,358 P. 13
Slide 14: 2011 Capital Expenditure Plan
2011 Capital Expenditure Plan 8" 12" Total UMC 14% 86% 1.8 billion USD P. 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
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