3Q08 Results Announcement
Investor Conference
Safe Harbor Notice
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3Q08 Business Review
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Revenue and GM Trend
Revenue (NT$ bil)
12.0
Gross Margin
35%
10.0
40%
23%
30%
8.0
20%
6.0
3%
4.0
7%
2.0
-11%
-15% -13%
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3%
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-10%
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-20%
4Q06
1Q07
Revenue
2Q07
3Q07
4Q07
Gross Profit
1Q08
2Q08
3Q08
GM%
Note1: All financial figures are unconsolidated
2
3Q08 Revenue Breakdown
1%
18%
1%
16%
18%
15%
27%
35%
30%
38%
Mobile RAM
Specialty
Commodity
Flash
Others
Note1: Others include CMOS, & DRAM down grade incomes
Note2: All financial figures are unconsolidated
Business Recap
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Pipeline Events
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Production Roadmap
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4Q08 Market Outlook
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4Q08 Business Outlook
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Cash Position
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Unit: NT$ mil
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Cash & Cash Equiv(3Q08)
6,674
Disposable Mkt’ Sec.& E
8
14 9 3,000
Depreciation & Amortization
9,900
Available Credit for Term-Loan
2,200
Capex
7,200
L/T Liability within 1 Year
7,700
14,900
21,774
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Private Placement- Straight Bond
2,500
Available Credit for S/T-Loan
4,400
Memory Product Mix (by wafer out)
350
‘000 8” Wafers Per Quarter
300
250
Commodity
200
150
100
Specialty
50
Mobile
Flash
1Q06
2Q06
3Q06
4Q06
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4Q07
1Q08
2Q08
3Q08
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Note: Figures include wafers from VIS foundry.
6
Memory Geometry Breakdown (by wafer out)
100%
20%
0%
0%
Sp
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m
M
C
om
ob
ile
M
80 nm
90 nm
130 nm
175 nm
00
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Sp
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75nm
110 nm
• Memory Geometry in I4 8
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IF3 @2 %
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20%
Fl
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40%
R
40%
ob
ile
60%
od
ity
60%
A
M
80%
od
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80%
AM
100%
03
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03
3Q08 Income Statement
QoQ Comparison
Unit: NT$ mil
3Q’08
Amount
2Q’08
%
Amount
QoQ change
%
Amount
%
Net Sales
5,066
100
6,416
100
(1,350)
(21)
Gross Profit
(563)
(11)
175
3
(738)
N/A
Operating Income
Pretax Income
(1,199)
(24)
(891)
(14)
(308)
35
(891)
(18)
(1,278)
(20)
387
(30)
(18)
(1,278)
(20)
387
(30)
Net Income (loss)
(891)
EPS (NTD)
(0.25)
EBITDA
1,083
21
1,294
20
D&A
2,282
45
2,185
34
( 0.34)
0.09
Note: All financial figures are unconsolidated
7
3Q08 Income Statement
YoY Comparison
3Q’08
Unit: NT$ mil
Amount
Net Sales
Gross Profit
5,066
3Q’07
%
Amount
100
8,520
YoY change
%
Amount
%
100
(3,454)
(41)
N/A
(563)
(11)
605
7
(1,168)
(1,199)
(24)
(713)
(8)
(486)
68
Pretax Income
(891)
(18)
(655)
(7)
(236)
36
Net Income (loss)
(891)
(18)
(655)
(7)
(236)
36
EPS (NTD)
(0.25)
EBITDA
1,083
17
2,193
26
D&A
2,282
36
2,906
34
Operating Income
(0.18)
(0.07)
Note: All financial figures are unconsolidated
3Q08 Balance Sheet
QoQ Comparison
Unit: NT$ mil
3Q’08
Amount
Cash & Equivalents
2Q’08
%
Amount
QoQ change
%
Amount
%
6,674
8
6,733
8
(59)
(1)
Net Fixed Assets
49,996
63
50,107
62
(111)
0
Total Assets
79,966
100
80,856
100
(890)
(1)
L-T Liabilities
20,667
26
18,667
23
2,000
11
SH Equity
42,937
54
45,588
56
(2,651)
(6)
Current Ratio
1.11
1. 24
Debt/ Equity Ratio
0.86
0. 77
Note: All financial figures are unconsolidated
8
3Q08 Statement of Cash flow
QoQ Comparison
Unit: NT$ mil
3Q’08
2Q’08
QoQ change
Amount
Amount
Amount
Operating Cash flow
443
1,362
(919)
(3,473)
(4,938)
1,465
Financing Cash flow
2,971
(613)
3,854
Cash & Equivalents
6,674
6,733
(59)
Depreciation and Amortization
2,282
2,185
97.
CAPEX
3,052
4,615
(1,563)
Investing Cash flow
Note: All financial figures are unconsolidated
Q
uestions
&
A
nswers
9