United Microelectronics Corp. · TWSE:2303
United Microelectronics — Q1 2004 Earnings Presentation
15 slides from United Microelectronics's earnings presentation, Apr 28, 2004
Slide 1: UMC 2004 Q1 Financial Review
UMC 2004 Q1 Financial Review April 28, 2004
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. Suc
Slide 3: Operating Results Summary
Operating Results Summary Unit: NT M 2004 2003 2003 Q1 / Mar Q4 / Dec Q1 / Mar Net Operating Revenues 25,326 23,719 17,898 Net Income 6,894 6,727 403 EPS (NTD) 0.45 0.44 0.03 Cash and Cash Equivalents 87,030 92,866 52,570 Total Assets 316,331 320,114 292,725 Total Liabilities 77,442 87,872 76,783 St
Slide 4: Income Statement - QoQ
Income Statement - QoQ Unit: NT M Change Q1-04 % Q4-03 % % Net Operating Revenues 25,326 100.0 23,719 100.0 6.8 Gross Margin 7,612 30.1 6,665 28.1 14.2 Operating Expenses (2,325) (9.2) (2,501) (10.5) (7.0) Operating Income 5,287 20.9 4,164 17.6 27.0 Net Non-operating Income 1,639 6.4 2,549 10.7 (35.
Slide 5: Income Statement - YoY: 3 Months
Income Statement - YoY: 3 Months Unit: NT M Q1-04 % Q1-03 % Change % Net Operating Revenues 25,326 100.0 17,898 100.0 41.5 Gross Margin 7,612 30.1 2,740 15.3 177.8 Operating Expenses (2,325) (9.2) (2,041) (11.4) 13.9 Operating Income 5,287 20.9 699 3.9 656.4 Net Non-operating Income (Loss) 1,639 6.4
Slide 6: Investment Income
Investment Income Unit: NT M Q1-04 Q4-03 Investment income accounted for under the equity method (582) (540) UMCJ (39) 238 UMCi (323) (155) Faraday 50 55 Novatek 156 143 SiS (246) (92) UMO (54) (111) Unimicron 74 81 Others (200) (699) Impairment loss of long-term investments - (623) Cash dividends -
Slide 7: Balance Sheet Highlight - Mar. 31, 2004
Balance Sheet Highlight - Mar. 31, 2004 Unit: NT M Cash and Cash Equivalents 87,030 Long-term Investments 73,892 Fixed Assets 114,558 Total Assets 316,331 Current Liabilities 26,199 Long-term Debts 44,579 Stockholders' Equity 238,889 Depreciation Expense (YTD) 9,262
Slide 8: Average Selling Price Trend - 8" Wafer Equivalent
Average Selling Price Trend- 8” Wafer Equivalent Unit: USD 1,500 1,000 500 0 Q1-03 Q2-03 Q3-03 Q4-03 Q1-04
Slide 9: Sales Breakdown by Geography
Sales Breakdown by Geography 2004 Q1 2003 Q4 Japan Japan Europe Europe 4% 3% 16% 17% North North America America 39% 43% Asia 37% Asia 41%
Slide 10: Sales Breakdown by Customer
Sales Breakdown by Customer 2004 Q1 2003 Q4 IDM IDM 28% 29 % Fabless Fabless 72% 71%
Slide 11: Sales Breakdown by Application
Sales Breakdown by Application 2004 Q1 2003 Q4 Other Other 1% Memory 2% Memory 3% 3% Computer Computer 24% 26% Communication Communication 42% 38% Consumer Consumer 30% 31%
Slide 12: Sales Breakdown by Technology
Sales Breakdown by Technology 2004 Q1 2003 Q4 ≤ 0.13u ≤ 0.13u ≥ 0.5u ≥ 0.5u 12% 12% 10% 9% 0.15u 0.15u 9% 9% 0.35u 0.35u 23% 21% 0.18u 29% 0.18u 25% 0.25u 19% 0.25u 22%
Slide 13: Quarterly Capacity
Quarterly Capacity unit: in thousands (8" wafer eq.) FAB 4Q03 1Q04 2Q04E 3Q04E 4Q04E Fab 6A 88 88 86 86 86 Fab 8AB 195 196 196 196 200 Fab 8C 90 90 96 99 105 Fab 8D 54 58 61 65 72 Fab 8E 96 96 101 102 102 Fab 8F 81 81 81 92 95 Fab 8S 0 0 0 60 75 Fab 12A 68 68 90 120 127 Subtotal 672 677 711 820 862
Slide 14: 2004 Capital Expenditure Plan
2004 Capital Expenditure Plan 8" Fab 12" Fab 12" R&D Total UMC 15% 70% 15% 1,180 million USD UMCJ 100% - - 120 million USD UMCi - 100% - 850 million USD
Slide 15: www.umc.com ir@umc.com
For more information regarding UMC www.umc.com For all inquiries, suggestions, and comments ir@umc.com
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