United Microelectronics Corp. · TWSE:2303
United Microelectronics — Q3 2008 Earnings Presentation
15 slides from United Microelectronics's earnings presentation, Oct 29, 2008
Slide 1: UMC 2008 Q3 Financial Review
UMC 2008 Q3 Financial Review Oct 29, 2008
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 2008 2008 2007 Q3 / Sep Q2 / Jun Q3 / Sep Net Operating Revenues 24,748 25,238 31,028 Net Income (Loss) (1,413) 2,397 9,233 EPS (NTD) (0.11) 0.18 0.55 Cash and Cash Equivalents 25,194 25,418 76,787 Total Assets 224,523 243,218 351,696 Total Liabilities 25,853 36,
Slide 4: Income Statement - QoQ
Income Statement - QoQ Unit: NT M Change Q3-08 % Q2-08 % % Net Operating Revenues 24,748 100.0 25,238 100.0 (1.9) Gross Profit 4,368 17.6 5,795 23.0 (24.6) Operating Expenses (3,421) (13.8) (3,454) (13.7) (1.0) Operating Income 947 3.8 2,341 9.3 (59.5) Net Non-operating Income (Expense) (2,105) (8.5
Slide 5: Income Statement - YoY: 9 Months
Income Statement - YoY: 9 Months Unit: NT M 2008 2007 Change % % Jan~Sep Jan~Sep % Net Operating Revenues 73,989 100.0 79,150 100.0 (6.5) Gross Profit 13,739 18.6 16,857 21.3 (18.5) Operating Expenses (10,261) (13.9) (11,378) (14.4) (9.8) Operating Income 3,478 4.7 5,479 6.9 (36.5) Net Non-operating
Slide 6: Investment Income
Investment Income Unit: NT M Q3-08 Q2-08 Investment gain accounted for under the equity method 37 232 Impairment loss (3,222) (76) Loss on valuation of financial assets (1,348) (771) Cash dividends 1,673 40 Total (2,860) (575) P. 6
Slide 7: Balance Sheet Highlight - Sep. 30, 2008
Balance Sheet Highlight - Sep. 30, 2008 Unit: NT M Cash and Cash Equivalents 25,194 Funds and Investments 52,061 Fixed Assets 107,171 Total Assets 224,523 Current Liabilities 14,636 Bonds Payable 7,496 Stockholders' Equity 198,670 Depreciation Expense (YTD) 27,326 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 Q3-07 Q4-07 Q1-08 Q2-08 Q3-08 P. 8
Slide 9: Sales Breakdown by Geography
Sales Breakdown by Geography 2008 Q3 2008 Q2 Europe Japan Europe Japan 6% 2% 13% 2% Asia Asia 32% 35% North North America America 60% 50% P. 9
Slide 10: Sales Breakdown by Customer
Sales Breakdown by Customer 2008 Q3 2008 Q2 IDM IDM 26% 29% Fabless Fabless 74% 71% P. 10
Slide 11: Sales Breakdown by Application
Sales Breakdown by Application 2008 Q3 2008 Q2 Other Other 1% Memory 2% Memory 1% 1% Computer Computer 16% 17% Communication Communication 59% 58% Consumer Consumer 23% 22% P. 11
Slide 12: Sales Breakdown by Technology
Sales Breakdown by Technology 2008 Q3 2008 Q2 ≥ 0.5um 65nm ≥ 0.5um 65nm 5% 7% 5% 5% 0.25 / 0.35um 90nm 0.25 / 0.35um 90nm 16% 31% 18% 31% 0.15 / 0.18um 0.15 / 0.18um 21% 20% 0.13um 0.13um 20% 21% P. 12
Slide 13: Quarterly Capacity
Quarterly Capacity unit: in thousands (8" wafer eq.) FAB 1Q08 2Q08 3Q08 4Q08E Fab 6A 82 82 82 82 Fab 8AB 204 204 204 204 Fab 8C 100 101 108 108 Fab 8D 65 66 63 63 Fab 8E 102 102 102 102 Fab 8F 93 93 93 93 Fab 8S 69 72 75 75 Fab 12A 216 218 220 222 Fab 12i 169 169 202 202 Total 1,100 1,107 1,149 1,15
Slide 14: 2008 Capital Expenditure Plan
2008 Capital Expenditure Plan 8" Fab 12" Fab 12" R&D Total UMC 16% 52% 32% 400-500 million 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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