United Microelectronics Corp. · TWSE:2303
United Microelectronics — Q4 2023 Earnings Presentation
18 slides from United Microelectronics's earnings presentation, Jan 31, 2024
Slide 1: UMC 4Q23 Financial Review
UMC 4Q23 Financial Review January 31, 2024
Slide 2: Note Concerning Forward-Looking Statements
NOTE CONCERNING FORWARD-LOOKING STATEMENTS This presentation contains forward-looking statements within the meaning of Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended, and as defined in the United S
Slide 3: Operating Results Summary
Operating Results Summary Unit: NT$ M 2023 2023 2022 4Q / Dec. 3Q / Sep. 4Q / Dec. Operating Revenues 54,958 57,069 67,836 Net Income Attributable to 13,195 15,971 19,068 Shareholders of the Parent EPS (NTD) 1.06 1.29 1.54 Cash and Cash Equivalents 132,554 140,642 173,819 Total Assets 559,187 547,27
Slide 4: Statements of Comprehensive Income - QoQ
Statements of Comprehensive Income - QoQ Unit: NT$ M 4Q23 % 3Q23 % Change % Operating Revenues 54,958 100.0 57,069 100.0 (3.7) Gross Profit 17,806 32.4 20,461 35.9 (13.0) Operating Expenses (6,635) (12.1) (5,722) (10.1) 16.0 Net Other Operating Income and Expenses 1,252 2.3 573 1.0 118.7 Operating I
Slide 5: Statements of Comprehensive Income - YoY: 12 Months
Statements of Comprehensive Income - YoY: 12 Months Unit: NT$ M 2023 2022 Change % % Jan.~Dec. Jan.~Dec. % Operating Revenues 222,533 100.0 278,705 100.0 (20.2) Gross Profit 77,744 34.9 125,764 45.1 (38.2) Operating Expenses (23,855) (10.7) (26,812) (9.6) (11.0) Net Other Operating Income and Expens
Slide 6: Balance Sheet Highlight – Dec. 31, 2023
Balance Sheet Highlight – Dec. 31, 2023 Unit: NT$ M Cash and Cash Equivalents 132,554 Funds and Investments 74,255 Property, Plant and Equipment 239,123 Total Assets 559,187 Current Liabilities 99,015 Long-term Credit / Bonds 45,236 Total Equity 359,579 UMC © 2024 6
Slide 7: Foundry ASP Trend: 12" Wafer Equivalent
Foundry ASP Trend : 12” Wafer Equivalent Unit: USD 2,000 1,000 0 4Q22 1Q23 2Q23 3Q23 4Q23 UMC © 2024 7
Slide 8: Foundry Segment Sales Breakdown by Geography
Foundry Segment Sales Breakdown by Geography 4Q23 3Q23 Europe Japan Europe Japan 11% 4% 12% 3% North North America America 23% 27% Asia Asia 62% 58% UMC © 2024 8
Slide 9: Foundry Segment Sales Breakdown by Geography
Foundry Segment Sales Breakdown by Geography 2023 2022 Europe Japan Europe Japan 11% 5% 9% 6% North North America America 27% 24% Asia Asia 57% 61% UMC © 2024 9
Slide 10: Foundry Segment Sales Breakdown by Customer Type
Foundry Segment Sales Breakdown by Customer Type 4Q23 3Q23 IDM IDM 22% 21% Fabless Fabless 78% 79% UMC © 2024 10
Slide 11: Foundry Segment Sales Breakdown by Customer Type
Foundry Segment Sales Breakdown by Customer Type 2023 2022 IDM IDM 22% 16% Fabless Fabless 78% 84% UMC © 2024 11
Slide 12: Foundry Segment Sales Breakdown by Application
Foundry Segment Sales Breakdown by Application 4Q23 3Q23 Others Others 17% 18% Communication Computer Communication Computer 47% 13% 46% 13% Consumer Consumer 23% 23% UMC © 2024 12
Slide 13: Foundry Segment Sales Breakdown by Application
Foundry Segment Sales Breakdown by Application 2023 2022 Others Others 20% 14% Communication Computer Communication Computer 45% 11% 45% 15% Consumer Consumer 24% 26% UMC © 2024 13
Slide 14: Foundry Segment Sales Breakdown by Technology
Foundry Segment Sales Breakdown by Technology 4Q23 3Q23 ≤14nm ≤ 40nm ≤14nm ≤ 40nm ≥0.5um ≥0.5um 0% 50% 0% 45% 0.25/0.35um 2% 0.25/0.35um 2% 5% 22/28nm 5% 22/28nm 36% 32% 0.15/0.18um 0.15/0.18um 9% 9% 0.11/0.13um 0.11/0.13um 9% 12% 90nm 90nm 9% 8% 40nm 40nm 13% 65nm 14% 65nm 16% 19% UMC © 2024 14
Slide 15: Foundry Segment Sales Breakdown by Technology
Foundry Segment Sales Breakdown by Technology 2023 2022 ≥ 0.5um ≤ 14nm ≤ 40nm ≥ 0.5um ≤ 14nm ≤ 40nm 2% 0% 45% 2% 0% 42% 0.25/0.35um 0.25/0.35um 22/28nm 22/28nm 5% 7% 31% 24% 0.15/0.18um 9% 0.15/0.18um 11% 0.11/0.13um 10% 0.11/0.13um 40nm 12% 90nm 18% 10% 40nm 90nm 14% 8% 65nm 65nm 19% 18% UMC © 2024
Slide 16: Quarterly Capacity
Quarterly Capacity Unit: in thousands FAB 2Q23 3Q23 4Q23 1Q24E WTK (6") 82 83 83 82 8A (8") 207 207 207 206 8C (8") 120 120 119 119 8D (8") 109 111 118 118 8E (8") 122 122 131 130 8F (8") 145 145 145 144 8S (8") 112 112 114 113 8N (8") 248 250 254 252 12A (12") 321 333 346 358 12i (12") 164 164 164
Slide 17: 2024 Foundry Capital Expenditure Plan
2024 Foundry Capital Expenditure Plan 8" 12" Total 5% 95% 3.3 billion USD UMC © 2024 17
Slide 18: For more information regarding UMC
For more information regarding UMC www.umc.com For all inquiries, suggestions, and comments ir@umc.com
United Microelectronics Corporation (NEW) — Q4 2023 Earnings Presentation on 6ix