United Microelectronics Corp. · TWSE:2303
United Microelectronics — Q3 2007 Earnings Presentation
15 slides from United Microelectronics's earnings presentation, Oct 31, 2007
Slide 1: UMC 2007 Q3 Financial Review
UMC 2007 Q3 Financial Review Oct 31, 2007 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 2007 2007 2006 Q3 / Sep Q2 / Jun Q3 / Sep Net Operating Revenues 31,028 25,097 27,852 Net Income 9,233 4,911 8,592 EPS (NTD) 0.57 0.28 0.48 Cash and Cash Equivalents 76,787 77,058 83,004 Total Assets 351,859 355,554 346,678 Total Liabilities 105,210 66,009 68,620
Slide 4: Income Statement - QoQ
Income Statement - QoQ Unit: NT M Change Q3-07 % Q2-07 % % Net Operating Revenues 31,028 100.0 25,097 100.0 23.6 Gross Profit 8,223 26.5 4,958 19.8 65.9 Operating Expenses (3,988) (12.9) (3,732) (14.9) 6.9 Operating Income (Loss) 4,235 13.6 1,226 4.9 245.4 Net Non-operating Income (Expense) 5,764 18
Slide 5: Income Statement - YoY: 9 Months
Income Statement - YoY: 9 Months Unit: NT M 2007 2006 Change % % Jan~Sep Jan~Sep % Net Operating Revenues 79,150 100.0 77,987 100.0 1.5 Gross Profit 16,857 21.3 15,240 19.5 10.6 Operating Expenses (11,378) (14.4) (10,488) (13.4) 8.5 Operating Income (Loss) 5,479 6.9 4,752 6.1 15.3 Net Non-operating
Slide 6: Investment Income
Investment Income Unit: NT M Q3-07 Q2-07 Investment income accounted for under the equity method 1,590 434 Impairment loss - (246) Gain (Loss) on valuation of financial assets (1,948) 517 Cash dividends 2,034 55 Total 1,676 760 P. 6 Page 6
Slide 7: Balance Sheet Highlight - Sep. 30, 2007
Balance Sheet Highlight - Sep. 30, 2007 Unit: NT M Cash and Cash Equivalents 76,787 Funds and Investments 94,033 Fixed Assets 133,419 Total Assets 351,859 Current Liabilities 94,046 Long-term Debts 7,495 Stockholders' Equity 246,649 Depreciation Expense (YTD) 27,061 P. 7 Page 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 Q3-06 Q4-06 Q1-07 Q2-07 Q3-07 P. 8 Page 8
Slide 9: Sales Breakdown by Geography
Sales Breakdown by Geography 2007 Q3 2007 Q2 Japan Japan Europe Europe 2% 2% 9% 8% Asia Asia 40% 43% North North America America 49% 47% P. 9 Page 9
Slide 10: Sales Breakdown by Customer
Sales Breakdown by Customer 2007 Q3 2007 Q2 IDM IDM 27% 25% Fabless Fabless 73% 75% P. 10 Page 10
Slide 11: Sales Breakdown by Application
Sales Breakdown by Application 2007 Q3 2007 Q2 Other Other Memory Memory 1% 1% 1% Computer 1% Computer 18% 17% Communication Communication 57% 55% Consumer Consumer 23% 26% P. 11 Page 11
Slide 12: Sales Breakdown by Technology
Sales Breakdown by Technology 2007 Q3 2007 Q2 ≥ 0.5u ≥ 0.5u ≤ 90nm 6% ≤ 90nm 7% 17% 0.35u 25% 17% 0.35u 18% 0.25u 3% 0.25u 4% 0.13u 0.18u 25% 17% 0.13u 23% 0.18u 0.15u 20% 0.15u 9% 9% P. 12 Page 12
Slide 13: Quarterly Capacity
Quarterly Capacity unit: in thousands (8" wafer eq.) FAB 1Q07 2Q07 3Q07 4Q07E Fab 6A 82 82 82 82 Fab 8AB 204 204 204 204 Fab 8C 100 100 100 100 Fab 8D 65 65 65 65 Fab 8E 102 102 102 102 Fab 8F 93 93 93 93 Fab 8S 69 69 69 69 Fab 12A 200 215 216 216 Fab 12i 128 140 164 169 Total 1,043 1,070 1,095 1,10
Slide 14: 2007 Capital Expenditure Plan
2007 Capital Expenditure Plan 8" Fab 12" Fab 12" R&D Total UMC 2% 80% 18% 1.0 billion USD P. 14 Page 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 Page 15
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