United Microelectronics (UMC) Q1 2022 Earnings Call Transcript

For the period ending March 31, 2022

April 26, 2022 11:00 a.m. ET

Prepared Remarks

Questions and Answers

Call Participants

Prepared Remarks:

Operator

Welcome, everyone, to UMC's 2022 First Quarter Earnings Conference Call. All lines have been placed on mute to prevent background noise. After the presentation there would be a question-and-answer session. Please follow the instructions given at the time if you would like to ask a question. For your information, this conference call is now being broadcasted live over the Internet. Webcast replay will be available within two hours after the conference is finished. Please visit our website, www.umc.com, under the Investor Relations, Investors/Events section.

And now I would like to introduce Mr. Michael Lin, Head of Investor Relations at UMC. Mr. Lin, please begin.

Michael Lin

Thank you, and welcome to the UMC's conference call for the first quarter of 2022. I am joined by Mr. Jason Wang, the President of UMC, and Mr. Qi Dong Liu, the CFO of UMC.

In a moment, we will hear our CFO present the first quarter financial results, followed by our President's key message to address UMC's focus and second quarter 2022 guidance. Once our President and the CFO complete their remarks, there will be a Q&A session. UMC's quarterly financial reports are available at our website, www.umc.com under the Investors/Financials section.

During this conference, we may make forward-looking statements based on management's current expectations and beliefs. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ materially, including the risks that may be beyond the company's control. For a more detailed discussion of these risks and uncertainties, please refer to our recent and subsequent filings with the SEC and the ROC security authorities.

During this conference, you may view our financial presentation material, which is being broadcast like through the internet.

Now, I would like to introduce UMC’s CFO, Mr. Qi Dong Liu to discuss UMC’s first quarter 2022 financial results.

Qi Dong Liu

Thank you, Michael. I would like to go through the Q1 ‘22 investor conference presentation material, which can be downloaded or viewed in real time from our website. Starting on Page 4 the first quarter of 2022 consolidated revenue was NT$63.42 billion, with the gross margin at 43.4%. The net income attributable to the stockholder of the parent was NT$19.81 billion and the earnings per ordinary share were NT$1.61.