Investor Conference Call / Webcast Details
ChipMOS will host two conference calls on Wednesday, May 6, 2020 to discuss the Company's financial results for the first quarter of 2020.
- Date: Wednesday, May 6, 2020
Time: 4:00PM Taiwan (4:00AM New York)
Dial-In: +886-2-21928016
Password: 422672 #
Replay Starting 2 Hours After Live Call Ends
Webcast of Live Call and Replay: http://wms.gridow.com/ir/chipmos/chipmos_2020Q1_ch.html
Language: Mandarin - Date: Wednesday, May 6, 2020
Time: 8:00PM Taiwan (8:00AM New York)
Dial-In: +1-323-794-2093
Password: 2737399
Replay Starting 2 Hours After Live Call Ends: +1-412-317-6671, with ID 2737399
Webcast of Live Call and Replay: http://wms.gridow.com/ir/chipmos/chipmos_2020Q1_en.html
Language: English
About ChipMOS TECHNOLOGIES INC.:
ChipMOS TECHNOLOGIES INC. ("ChipMOS" or the "Company") (Taiwan Stock Exchange: 8150 and NASDAQ: IMOS) ( https://www.chipmos.com) is an industry leading provider of outsourced semiconductor assembly and test services. With advanced facilities in Hsinchu Science Park, Hsinchu Industrial Park and Southern Taiwan Science Park in Taiwan, ChipMOS provide assembly and test services to a broad range of customers, including leading fabless semiconductor companies, integrated device manufacturers and independent semiconductor foundries.
Forward-Looking Statements
This press release may contain certain forward-looking statements. These forward-looking statements may be identified by words such as 'believes,' 'expects,' 'anticipates,' 'projects,' 'intends,' 'should,' 'seeks,' 'estimates,' 'future' or similar expressions or by discussion of, among other things, strategy, goals, plans or intentions. These statements may include financial projections and estimates and their underlying assumptions, statements regarding plans, objectives and expectations with respect to future operations, products and services, and statements regarding future performance. Actual results may differ materially in the future from those reflected in forward-looking statements contained in this document, due to various factors. Further information regarding these risks, uncertainties and other factors are included in the Company's most recent Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission (the "SEC") and in the Company's other filings with the SEC.
About Non-Generally Accepted Accounting Principles ("Non-GAAP") Financial Measures
To supplement the consolidated financial results presented in accordance with the Taiwan-IFRS, ChipMOS uses non-GAAP free cash flow, non-GAAP earnings before interest, taxes, depreciation and amortization ("EBITDA") and non-GAAP net debt to equity ratio in this press release. The non-GAAP free cash flow represents operating profit plus depreciation, amortization and interest income and less capital expenditures, interest expense, income tax expense and dividend. The non-GAAP EBITDA represents operating profit plus depreciation and amortization. The non-GAAP net debt to equity ratio represents the ratio of net debt, the sum of debt less cash and cash equivalent, divided by equity attributable to equity holders of the Company. These non-GAAP financial measures may not be comparable to similarly titled measures presented by other companies. Other companies may calculate similarly titled measures differently.
The presentation of non-GAAP financial measures is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with the Taiwan-IFRS.
ChipMOS considers the use of non-GAAP free cash flow, non-GAAP EBITDA and non-GAAP net debt to equity ratio provides useful information to management to manage the Company's business and make financial and operational decisions and also to the investors to understand and evaluate the Company's business and operating performance. For more information on these non-GAAP financial measures, please refer to the table captioned "Reconciliations of Non-GAAP Measures to the Nearest Comparable GAAP Measures" in this press release.
- FINANCIAL TABLES FOLLOW BELOW -
ChipMOS TECHNOLOGIES INC. | |||||
UNAUDITED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME | |||||
For the Three Months Ended Mar. 31, 2020, Dec.31, and Mar. 31, 2019 | |||||
Figures in Millions of U.S. dollars (USD) (1) | |||||
Except for Per Share Amounts and Weighted Average Shares Outstanding | |||||
|
| |||||
|
| Three months ended | ||||
|
| Mar. 31, 2020 |
| Dec. 31, 2019 |
| Mar. 31, 2019 |
|
| USD |
| USD |
| USD |
Revenue | 184.7 |
| 184.2 |
| 147.5 |
Cost of revenue | (142.7) |
| (142.3) |
| (125.4) |
Gross profit | 42.0 |
| 41.9 |
| 22.1 |
|
|
|
|
|
|
|
Research and development expenses | (8.5) |
| (8.4) |
| (7.8) |
Sales and marketing expenses | (0.5) |
| (0.5) |
| (0.4) |
General and administrative expenses | (4.1) |
| (4.1) |
| (3.7) |
Other income (expenses), net | 0.8 |
| 0.8 |
| 0.3 |
|
|
|
|
|
|
|
| Operating profit | 29.7 |
| 29.7 |
| 10.5 |
|
|
|
|
|
|
|
| Non-operating income (expenses), net | (0.1) |
| (7.4) |
| (2.1) |
|
|
|
|
|
|
|
| Profit before tax | 29.6 |
| 22.3 |
| 8.4 |
|
|
|
|
|
|
|
| Income tax expense | (6.0) |
| (4.8) |
| (2.0) |
|
|
|
|
|
|
|
| Profit for the period | 23.6 |
| 17.5 |
| 6.4 |
|
|
|
|
|
|
|
| Other comprehensive income (loss) |
|
|
|
|
|
| Exchange differences on translation of foreign
| (0.9) |
| (1.2) |
| 2.2 |
| Profit (loss) on remeasurements of defined
| - |
| 0.7 |
| - |
| Unrealized gain (loss) on valuation of equity
| (0.9) |
| (0.6) |
| (1.0) |
| Share of other comprehensive income (loss) of
| (0.2) |
| 0.1 |
| 0.1 |
| Income tax effect | 0.2 |
| (0.0) |
| 0.2 |
| Total other comprehensive income (loss) | (1.8) |
| (1.0) |
| 1.5 |
|
|
|
|
|
|
|
| Total comprehensive income | 21.8 |
| 16.5 |
| 7.9 |
|
|
|
|
|
|
|
| Profit attributable to the Company – basic | 23.6 |
| 17.5 |
| 6.4 |
| Earnings per share attributable to the Company
| 0.03 |
| 0.02 |
| 0.01 |
| Earnings per ADS equivalent – basic | 0.65 |
| 0.48 |
| 0.18 |
| Weighted average shares outstanding (in
| 727,240 |
| 727,240 |
| 726,925 |
| Profit attributable to the Company – diluted | 23.6 |
| 17.5 |
| 6.4 |
| Earnings per share attributable to the Company
| 0.03 |
| 0.02 |
| 0.01 |
| Earnings per ADS equivalent – diluted | 0.64 |
| 0.48 |
| 0.18 |
| Weighted average shares outstanding (in
| 731,001 |
| 729,443 |
| 728,302 |
| Note: (1) All U.S. dollar figures in this release are based on the exchange rate of NT$30.25 against US$1.00 as of Mar. 31, 2020.
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