UMC 2Q18 Financial Review. July 25, 2018

Transcription

1 UMC 2Q18 Financial Review July 25, 2018

2 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 United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended, and as defined in the United States Private Securities Litigation Reform Act of 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) dependence upon the frequent introduction of new services and technologies based on the latest developments in the industry in which UMC operates; (ii) the intensely competitive semiconductor, communications, consumer electronics and computer industries and markets; (iii) the risks associated with international business activities; (iv) 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 natural disasters, 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 United States Securities and Exchange Commission. All information provided in this release is as of the date of this release and are based on assumptions that UMC believes to be reasonable as of this date, and UMC does not undertake any obligation to update any forwardlooking 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 Taiwan International Financial Reporting Standards, or TIFRSs, recognized by the Financial Supervisory Commission in the ROC, which is different from International Financial Reporting Standards, or 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 generally accepted accounting principles in the ROC and generally accepted accounting principles in the United States. 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. UMC

3 Operating Results Summary Unit: NT$ M Q / Jun. 1Q / Mar. 2Q / Jun. Net Operating Revenues 38,852 37,497 37,538 Net Income Attributable to Stockholders of the Parent 3,659 3,400 2,099 EPS (NTD) Cash and Cash Equivalents 75,193 77,143 68,134 Total Assets 380, , ,817 Total Liabilities 170, , ,621 Stockholders' Equity 210, , ,196 Foundry Segment: Wafer Shipments (in thousands-8" wafer eq.) 1,846 1,747 1,741 Utilization (%) 97% 94% 96% UMC

4 Statements of Comprehensive Income - QoQ Unit: NT$ M 2Q18 % 1Q18 % Change % Net Operating Revenues 38, , Gross Profit 6, , Operating Expenses (5,213) (13.4) (4,850) (12.9) 7.5 Net Other Operating Income and Expenses 1, Operating Income 3, Net Non-operating Income and Expenses (1,095) (2.8) 1, Income Tax Benefit , (71.8) Net Income 2, , (20.2) Net Income Attributable to Stockholders of the 3, , Parent EPS (NTD) EPADS (USD) Notes: 1. An exchange rate of was used to translate NTD to USD ,049 million and 12,203 million shares were used in EPS calculations for 2Q18 and 1Q18, respectively. UMC

5 Statements of Comprehensive Income - YoY: 6 Months Unit: NT$ M % Jan.~Jun. Jan.~Jun. % Change % Net Operating Revenues 76, , Gross Profit 11, , (20.1) Operating Expenses (10,062) (13.2) (11,542) (15.4) (12.8) Net Other Operating Income and Expenses 2, Operating Income 3, , Net Non-operating Income and Expenses (8) (0.0) Income Tax Benefit (Expense) 1, (209) (0.2) - Net Income 5, , Net Income Attributable to Stockholders of the 7, , Parent EPS (NTD) EPADS (USD) Notes: 1. An exchange rate of was used to translate NTD to USD ,125 million and 12,208 million shares were used in EPS calculations for 6-month periods ended June 30, 2018 and 2017, respectively. UMC

6 Balance Sheet Highlight June 30, 2018 Unit: NT$ M Cash and Cash Equivalents 75,193 Funds and Investments 37,334 Property, Plant and Equipment 188,825 Total Assets 380,890 Current Liabilities 59,171 Long-term Credit / Bonds 67,764 Stockholders' Equity 210,782 UMC

7 Foundry ASP Trend : 8 Wafer Equivalent Unit: USD UMC

8 Foundry Segment Sales Breakdown by Geography Europe 9% 2Q18 Japan 3% 1Q18 Europe 8% Japan 3% Asia 51% Asia 47% North America 37% North America 42% UMC

9 Foundry Segment Sales Breakdown by Customer Type IDM 8% 2Q18 IDM 8% 1Q18 Fabless 92% Fabless 92% UMC

10 Foundry Segment Sales Breakdown by Application 2Q18 1Q18 Other 9% Computer 16% Other 10% Computer 14% Communication 47% Communication 47% Consumer 28% Consumer 29% UMC

11 Foundry Segment Sales Breakdown by Technology 2Q18 1Q18 0.5um 3% 0.25/0.35um 10% 14nm 3% 28nm 15% 0.5um 14nm 3% 2% 44% 0.25/0.35um 28nm 10% 12% 40nm 40nm 44% 0.15/0.18um 13% 0.11/0.13um 11% 40nm 26% 0.15/0.18um 13% 0.11/0.13um 11% 40nm 30% 90nm 7% 65nm 12% 90nm 6% 65nm 13% UMC

12 Quarterly Capacity Unit: in thousands FAB 4Q17 1Q18 2Q18 3Q18E WTK (6") Fab8A (8") Fab8C (8") Fab8D (8") Fab8E (8") Fab8F (8") Fab8S (8") HJ (8") Fab12A (12") Fab12i (12") USCXM (12") Total (8" eq.) 1,886 1,858 1,918 1,938 UMC

13 2018 Foundry Capital Expenditure Plan 8" 12" 33% 67% Total 1.1 billion USD UMC

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