United Microelectronics Corp. · TWSE:2303
United Microelectronics — Q2 2005 Earnings Presentation
15 slides from United Microelectronics's earnings presentation, Jul 27, 2005
Slide 1: UMC 2005 Q2 Financial Review
UMC 2005 Q2 Financial Review July 27, 2005 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 2005 2005 2004 Q2 / Jun Q1 / Mar Q2 / Jun Net Operating Revenues 19,443 20,286 29,177 Net Income 299 1,519 12,702 EPS (NTD) 0.02 0.09 0.76 Cash and Cash Equivalents 68,065 88,699 82,488 Total Assets 311,984 323,371 316,614 Total Liabilities 53,924 56,482 70,485 S
Slide 4: Income Statement - QoQ
Income Statement - QoQ Unit: NT M Change Q2-05 % Q1-05 % % Net Operating Revenues 19,443 100.0 20,286 100.0 (4.2) Gross Profit 212 1.1 3,057 15.1 (93.1) Operating Expenses (3,551) (18.3) (2,755) (13.6) 28.9 Operating Income (Loss) (3,339) (17.2) 302 1.5 - Net Non-operating Income (Expense) 3,638 18.
Slide 5: Income Statement - YoY: 6 Months
Income Statement - YoY: 6 Months Unit: NT M Change 1H-05 % 1H-04 % % Net Operating Revenues 39,729 100.0 54,503 100.0 (27.1) Gross Profit 3,269 8.2 17,670 32.4 (81.5) Operating Expenses (6,306) (15.8) (4,791) (8.8) 31.6 Operating Income (Loss) (3,037) (7.6) 12,879 23.6 - Net Non-operating Income 4,8
Slide 6: Investment Income
Investment Income Unit: NT M Q2-05 Q1-05 Investment income accounted for under the equity meth (439) (1,705) UMCJ (407) (555) UMCi 0 (1,206) Faraday 63 51 Novatek 138 177 SiS (65) (131) UMO (49) (43) Unimicron 68 107 Others (187) (105) Cash dividends 37 0 Total (402) (1,705) P. 6
Slide 7: Balance Sheet Highlight - Jun. 30, 2005
Balance Sheet Highlight - Jun. 30, 2005 Unit: NT M Cash and Cash Equivalents 68,065 Long-term Investments 45,021 Fixed Assets 159,871 Total Assets 311,984 Current Liabilities 22,073 Long-term Debts 28,347 Stockholders' Equity 258,060 Depreciation Expense (YTD) 22,080 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 Q2-04 Q3-04 Q4-04 Q1-05 Q2-05 P. 8
Slide 9: Sales Breakdown by Geography
Sales Breakdown by Geography 2005 Q2 2005 Q1 Europe Japan Europe Japan 9% 2% 11% 2% North America North 44% America Asia 49% Asia 38% 45% P. 9
Slide 10: Sales Breakdown by Customer
Sales Breakdown by Customer 2005 Q2 2005 Q1 IDM IDM 24% 31% Fabless Fabless 69% 76% P. 10
Slide 11: Sales Breakdown by Application
Sales Breakdown by Application 2005 Q2 2005 Q1 Other Other 2% Memory 3% Memory 2% 2% Computer Computer 20% 24% Communication Communication 44% 45% Consumer Consumer 32% 26% P. 11
Slide 12: Sales Breakdown by Technology
Sales Breakdown by Technology 2005 Q2 2005 Q1 90nm 90nm ≥ 0.5u 9% ≥ 0.5u 7% 11% 11% 0.13u 0.13u 14% 20% 0.35u 0.35u 20% 25% 0.15u 10% 0.15u 0.25u 12% 0.25u 10% 0.18u 11% 0.18u 20% 20% P. 12
Slide 13: Quarterly Capacity
Quarterly Capacity unit: in thousands (8" wafer eq.) FAB 4Q04 1Q05 2Q05 3Q05E 4Q05E Fab 6A 86 86 86 86 86 Fab 8AB 204 204 204 204 204 Fab 8C 101 101 100 100 100 Fab 8D 72 72 68 68 68 Fab 8E 102 101 101 101 101 Fab 8F 95 95 95 95 95 Fab 8S 71 71 69 69 69 Fab 12A 127 139 145 153 153 Fab 12i 60 81 94 9
Slide 14: 2005 Capital Expenditure Plan
2005 Capital Expenditure Plan 8" Fab 12" Fab 12" R&D Total UMC 5% 83% 12% 1 billion USD UMCJ 100% - - 34 million USD P. 14
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 P. 15
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