1Q 2013 Investors Conference Presentation Material

UMC
1Q13 Financial Review
May 08, 2013
NOTE CONCERNING FORWARD-LOOKING STATEMENTS
This release contains forward-looking statements. These statements constitute “forward-looking” statements within the meaning
of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as
amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. You can identify these forward-looking
statements by use of words such as “strategy,” “expects,” “continues,” “plans,” “anticipates,” “believes,” “will,” “estimates,”
“intends,” “projects,” “goals,” “targets” and other words of similar meaning. You can also identify them by the fact that they do not
relate strictly to historical or current facts.
These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual
performance, financial condition or results of operations of UMC to be materially different from what is stated or may be implied
in such forward-looking statements. Investors are cautioned that actual events and results could differ materially from those
statements as a result of a number of factors including, but not limited to: (i) our dependence upon the frequent introduction of
new services and technologies based on the latest developments in our industry; (ii) the intensely competitive semiconductor,
communications, consumer electronics and computer industries and markets; (iii) the risks associated with international global
business activities; (iv) our dependence upon key personnel; (v) general economic and political conditions; (vi) possible
disruptions in commercial activities caused by natural and human-induced events and disasters, including terrorist activity, armed
conflict and highly contagious diseases; (vii) reduced end-user purchases relative to expectations and orders; and (viii)
fluctuations in foreign currency exchange rates. Further information regarding these and other risks is included in UMC’s filings
with the U.S. Securities and Exchange Commission, including its registration statements on Form F-1, F-3, F-6 and 20-F, in each
case as amended. UMC does not undertake any obligation to update any forward-looking statement as a result of new
information, future events or otherwise, except as required under applicable law.
The financial statements included in this release are prepared and published in accordance with TIFRSs recognized by Financial
Supervisory Commission in the ROC, which is different from IFRSs issued by the International Accounting Standards Board.
Investors are cautioned that there may be significant differences between TIFRSs and IFRSs. In addition, TIFRSs and IFRSs
differ in certain significant respects from ROC GAAP and US GAAP.
This presentation is not an offer of securities for sale in the United States. Securities may not be offered or sold in the United
States absent registration or an exemption from registration. Any public offering of securities to be made in the United States will
be made by means of a prospectus that may be obtained from the issuer or selling security holder and that will contain detailed
information about the company and management, as well as financial statements.
P. 2
Operating Results Summary
Unit: NT M
2013
1Q / Mar
Net Operating Revenues
Net Income Attributable to the
Stockholders of the Parent
EPS (NTD)
Cash and Cash Equivalents
Total Assets
Total Liabilities
Stockholders' Equity
2012
4Q / Dec
2012
1Q / Mar
27,781
28,854
26,269
6,593
739
1,294
0.52
0.06
0.10
53,424
42,593
47,101
300,432
283,039
285,381
86,016
78,508
69,816
214,416
204,531
215,565
1,125
1,069
963
78%
80%
71%
Foundry Segment:
Wafer Shipment (in thousands- 8" wafer eq.)
Utilization (%)
Note: 2012 figures of wafer shipment and utilization account for UMC parent company only.
P. 3
Income Statement - QoQ
Net Operating Revenues
Gross Profit
Operating Expenses
Net Other Operating Income (Expenses)
Operating Income (Loss)
Net Non-operating Income
Income Tax Expense
Net Income
Net Income Attributable to the
Stockholders of the Parent
EPS (NTD)
EPADS (USD)
1Q13
%
4Q12
27,781
4,492
(4,178)
(20)
294
7,249
(1,129)
6,414
100.0
28,854
3,225
(3,950)
(125)
(850)
1,380
(124)
406
6,593
23.7
16.2
(15.0)
(0.1)
1.1
26.1
(4.1)
23.1
739
0.52
0.06
0.087
0.010
Unit: NT M
% Change %
100.0
(3.7)
11.2
39.3
(13.7)
5.8
(0.4)
(84.0)
(2.9)
4.8
425.3
(0.4)
810.5
1.4
1,479.8
2.6
792.2
Notes:
1. An exchange rate of 29.83 was used to translate NTD to USD.
2. 12,631 million and 12,636 million shares were used in EPS calculations for 1Q13 and 4Q12, respectively.
P. 4
-
Income Statement - YoY: 3 Months
1Q13
Net Operating Revenues
Gross Profit
Operating Expenses
Net Other Operating Income (Expenses)
Operating Income
Net Non-operating Income
Income Tax Expense
Net Income
Net Income Attributable to the
Stockholders of the Parent
EPS (NTD)
EPADS (USD)
%
1Q12
27,781
4,492
(4,178)
(20)
294
7,249
(1,129)
6,414
100.0
23.1
26,269
4,022
(3,791)
34
265
1,008
(206)
1,067
6,593
23.7
1,294
0.52
0.087
16.2
(15.0)
(0.1)
1.1
26.1
(4.1)
Unit: NT M
% Change %
100.0
5.8
15.3
11.7
(14.4)
10.2
0.1
-
1.0
10.9
3.8
619.1
(0.7)
448.1
4.1
501.1
4.9
409.5
0.10
0.017
Notes:
1. An exchange rate of 29.83 was used to translate NTD to USD.
2. 12,631 million and 12,613 million shares were used in EPS calculations for 1Q13 and 1Q12, respectively.
P. 5
Balance Sheet Highlight – Mar. 31, 2013
Unit: NT M
Cash and Cash Equivalents
53,424
Funds and Investments
32,926
Property , Plant and Equipment
164,933
Total Assets
300,432
Current Liabilities
37,300
Long-term Credit / Bonds
41,548
Stockholders' Equity
214,416
P. 6
Operating Segments
2013
1Q / Mar
Foundry
Segment Revenues
Segment Profit ( Loss )
Segment Assets
Segment Liabilities
26,369
6,601
Other
1,435
(826)
Unit: NT M
Subtotal
Reconciliation/
Elimination
27,804
(23)
27,781
5,775
639
6,414
Total
286,826
20,345
307,171
(6,739)
300,432
74,893
11,157
86,050
(34)
86,016
6,949
8,919
233
537
7,182
9,456
Other Disclosures
-- Capital Expenditure
-- Depreciation
-- Share of Profit ( Loss ) of
Associates and Joint Ventures
-- Income Tax Expense ( Benefit )
-- Impairment Loss
(467)
9
1,129
158
(0)
5
P. 7
(458)
1,129
163
-
7,182
9,456
639
181
-
1,129
163
Foundry ASP Trend : 8” Wafer Equivalent
Unit: USD
1,500
1,000
500
0
1Q12
2Q12
3Q12
Note: 2012 figures account for UMC parent company only.
P. 8
4Q12
1Q13
Foundry Segment Sales Breakdown
by Geography
1Q13
4Q12
Europe Japan
9%
1%
Europe Japan
9%
1%
Asia
46%
Asia
45%
North
America
44%
North
America
45%
Note: 2012 figures account for UMC parent company only.
P. 9
Foundry Segment Sales Breakdown
by Customer
1Q13
4Q12
IDM
10%
IDM
10%
Fabless
90%
Fabless
90%
Note: 2012 figures account for UMC parent company only.
P. 10
Foundry Segment Sales Breakdown
by Application
1Q13
4Q12
Other
3%
Other
3%
Computer
18%
Computer
22%
Communication
47%
Communication
50%
Consumer
28%
Note: 2012 figures account for UMC parent company only.
P. 11
Consumer
29%
Foundry Segment Sales Breakdown
by Technology
1Q13
≥
0.25/0.35um
11%
0.5um 40nm
18%
4%
4Q12
≥ 0.5um
0.25/0.35um
10%
≤ 65nm
50%
3%
40nm
15%
≤ 65nm
55%
0.15/0.18um
10%
0.15/0.18um
15%
0.11/0.13um
14%
90nm
6%
65nm
32%
0.11/0.13um
15%
90nm
7%
Note: 2012 figures account for UMC parent company only.
P. 12
65nm
40%
Quarterly Capacity
Unit: in thousands
FAB
Fab6A
Fab8A
Fab8C
Fab8D
Fab8E
Fab8F
Fab8S
Fab8N
Fab12A
Fab12i
Total
(6")
(8")
(8")
(8")
(8")
(8")
(8")
(8")
(12")
(12")
(8" eq.)
3Q12
123
204
90
93
113
98
87
143
134
1,376
4Q12
113
204
90
93
113
98
87
156
134
1,401
P. 13
1Q13
111
201
86
94
103
96
83
83
158
132
1,461
2Q13E
113
204
87
96
105
98
84
128
164
134
1,537
2013 Foundry Capital Expenditure Plan
8"
12"
Total
4%
96%
1.5 billion USD
P. 14
For more information regarding UMC
www.umc.com
For all inquiries, suggestions, and comments
ir@umc.com
P. 15