UMC 1Q17 Financial Review. April 26, 2017

Transcription

1 UMC 1Q17 Financial Review April 26, 2017

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 / Mar 4Q / Dec 1Q / Mar Net Operating Revenues 37,418 38,306 34,404 Net Income Attributable to Stockholders of the Parent 2,286 2, EPS (NTD) Cash and Cash Equivalents 60,812 57,579 59,541 Total Assets 379, , ,931 Total Liabilities 162, , ,486 Stockholders' Equity 216, , ,445 Foundry Segment: Wafer Shipments (in thousands-8" wafer eq.) 1,678 1,656 1,432 Utilization (%) 96% 94% 82% UMC

4 Statements of Comprehensive Income - QoQ Unit: NT$ M 1Q17 % 4Q16 % Change % Net Operating Revenues 37, , (2.3) Gross Profit 7, , (15.2) Operating Expenses (6,211) (16.6) (6,627) (17.3) (6.3) Net Other Operating Income and Expenses Operating Income 1, , (39.8) Net Non-operating Income and Expenses (304) (0.8) (1,210) (3.1) (74.9) Income Tax Benefit (Expense) (617) (1.6) - Net Income 1, Net Income Attributable to Stockholders of the 2, , (10.3) Parent EPS (NTD) EPADS (USD) Notes: 1. An exchange rate of was used to translate NTD to USD ,208 million shares were both used in EPS calculations for 1Q17 and 4Q16. UMC

5 Statements of Comprehensive Income - YoY: 3 Months Unit: NT$ M 2017 Jan~Mar % 2016 Jan~Mar % Change % Net Operating Revenues 37, , Gross Profit 7, , Operating Expenses (6,211) (16.6) (5,065) (14.7) 22.6 Net Other Operating Income and Expenses Operating Income (Loss) 1, (16) (0.1) - Net Non-operating Income and Expenses (304) (0.8) Income Tax Benefit Net Income 1, ,794.9 Net Income Attributable to Stockholders of the 2, Parent EPS (NTD) EPADS (USD) Notes: 1. An exchange rate of was used to translate NTD to USD ,208 million and 12,408 million shares were used in EPS calculations for 1Q17 and 1Q16, respectively. UMC

6 Balance Sheet Highlight Mar. 31, 2017 Unit: NT$ M Cash and Cash Equivalents 60,812 Funds and Investments 34,950 Property, Plant and Equipment 217,555 Total Assets 379,379 Current Liabilities 66,871 Long-term Credit / Bonds 62,312 Stockholders' Equity 216,681 UMC

7 Operating Segments Wafer Fabrication New Business Q / Mar Unit: NT$ M Subtotal Adjustment/ Elimination Consolidated Segment Revenues 37, ,420 (2) 37,418 Segment Net Income (Loss), net of tax 1,532 (315) 1, ,497 Segment Assets 377,794 3, ,807 (1,428) 379,379 Segment Liabilities 161,058 1, ,804 (106) 162,698 Other Disclosures -- Capital Expenditure 17, ,654-17, Depreciation 12, ,724-12, Share of Profit or Loss of Associates and Joint Ventures (222) (8) (230) Income Tax Expense (Benefit) (430) 0 (430) - (430) -- Impairment Loss UMC

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

9 Foundry Segment Sales Breakdown by Geography Europe 5% 1Q17 Japan 4% 4Q16 Europe 4% Japan 3% Asia 50% Asia 45% North America 41% North America 48% UMC

10 Foundry Segment Sales Breakdown by Customer Type IDM 7% 1Q17 IDM 7% 4Q16 Fabless 93% Fabless 93% UMC

11 Foundry Segment Sales Breakdown by Application 1Q17 4Q16 Other 9% Computer 12% Other 8% Computer 13% Communication 51% Communication 53% Consumer 28% Consumer 26% UMC

12 Foundry Segment Sales Breakdown by Technology 1Q17 4Q /0.35um 10% 0.5um 3% 28nm 17% 40nm 46% 0.25/0.35um 10% 0.5um 3% 28nm 22% 40nm 48% 0.15/0.18um 13% 0.15/0.18um 11% 0.11/0.13um 11% 90nm 4% 65nm 13% 40nm 29% 0.11/0.13um 11% 90nm 3% 65nm 14% 40nm 26% UMC

13 Quarterly Capacity Unit: in thousands FAB 3Q16 4Q16 1Q17 2Q17E WTK (6") Fab8A (8") Fab8C (8") Fab8D (8") Fab8E (8") Fab8F (8") Fab8S (8") Fab8N (8") Fab12A (12") Fab12i (12") Fab12X (12") Total (8" eq.) 1,774 1,794 1,742 1,816 UMC

14 2017 Foundry Capital Expenditure Plan 8" 12" 9% 91% Total 2.0 billion USD UMC

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