United Microelectronics Corp. · TWSE:2303
United Microelectronics — Q1 2006 Earnings Presentation
15 slides from United Microelectronics's earnings presentation, Apr 26, 2006
Slide 1: UMC 2006 Q1 Financial Review
UMC 2006 Q1 Financial Review April 26, 2006 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 2005 2005 Q1 / Mar Q4 / Dec Q1 / Mar Net Operating Revenues 24,384 27,468 20,286 Net Income 12,286 3,044 1,519 EPS (NTD) 0.67 0.16 0.08 Cash and Cash Equivalents 96,372 96,597 88,699 Total Assets 361,199 326,221 323,465 Total Liabilities 68,866 67,938 56,576
Slide 4: Income Statement - QoQ
Income Statement - QoQ Unit: NT M Change Q1-06 % Q4-05 % % Net Operating Revenues 24,384 100.0 27,468 100.0 (11.2) Gross Profit 3,255 13.3 4,973 18.1 (34.5) Operating Expenses (3,170) (13.0) (4,045) (14.7) (21.6) Operating Income (Loss) 85 0.3 928 3.4 (90.8) Net Non-operating Income (Expense) 12,901
Slide 5: Income Statement - YoY: 3 Months
Income Statement - YoY: 3 Months Unit: NT M Change Q1-06 % Q1-05 % % Net Operating Revenues 24,384 100.0 20,286 100.0 20.2 Gross Profit 3,255 13.3 3,057 15.1 6.5 Operating Expenses (3,170) (13.0) (2,755) (13.6) 15.1 Operating Income (Loss) 85 0.3 302 1.5 (71.9) Net Non-operating Income (Expense) 12,
Slide 6: Investment Income
Investment Income Unit: NT M Q1-06 Q4-05 Investment income accounted for under the equity method (2) 84 UMCJ (286) (425) UMO (45) (44) Unimicron 234 271 Others 95 282 Impairment loss of long-term investments - (100) Loss on valuation of financial assets (435) - Cumulative effect on accounting change
Slide 7: Balance Sheet Highlight - Mar. 31, 2006
Balance Sheet Highlight - Mar. 31, 2006 Unit: NT M Cash and Cash Equivalents 96,372 Long-term Investments 81,404 Fixed Assets 142,927 Total Assets 361,199 Current Liabilities 29,556 Long-term Debts 35,676 Stockholders' Equity 292,333 Depreciation Expense (YTD) 11,671 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 Q1-05 Q2-05 Q3-05 Q4-05 Q1-06 P. 8
Slide 9: Sales Breakdown by Geography
Sales Breakdown by Geography 2006 Q1 2005 Q4 Japan Japan Europe 2% Europe 2% 9% 7% North North America America Asia 46% Asia 49% 43% 42% P. 9
Slide 10: Sales Breakdown by Customer
Sales Breakdown by Customer 2006 Q1 2005 Q4 IDM IDM 27% 33% Fabless Fabless 73% 67% P. 10
Slide 11: Sales Breakdown by Application
Sales Breakdown by Application 2006 Q1 2005 Q4 Other Other 1% Memory 1% Memory 1% 1% Computer Computer 19% 20% Communication Communication 51% 54% Consumer Consumer 28% 24% P. 11
Slide 12: Sales Breakdown by Technology
Sales Breakdown by Technology 2006 Q1 2005 Q4 90nm 90nm ≥ 0.5u 13% ≥ 0.5u 15% 8% 8% 0.35u 0.35u 21% 19% 0.13u 0.13u 20% 23% 0.25u 0.25u 5% 6% 0.15u 0.15u 0.18u 12% 0.18u 10% 21% 19% P. 12
Slide 13: Quarterly Capacity
Quarterly Capacity unit: in thousands (8" wafer eq.) FAB 3Q05 4Q05 1Q06 2Q06E Fab 6A 86 86 82 82 Fab 8AB 204 204 204 204 Fab 8C 100 100 100 100 Fab 8D 68 66 63 63 Fab 8E 101 101 101 101 Fab 8F 95 93 93 93 Fab 8S 69 69 69 69 Fab 12A 153 160 178 191 Fab 12i 94 94 95 99 Total 970 973 985 1002 P. 13
Slide 14: 2006 Capital Expenditure Plan
2006 Capital Expenditure Plan 8" Fab 12" Fab 12" R&D Total UMC 3% 83% 14% 1 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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