Samsung El.gdr Regulatory News (SMSN)

14 Jul 2006 09:11

Samsung Electronics Co. Ld14 July 2006 July 14, 2006 Earnings Release 2Q 2006 Samsung Electronics Disclaimer This document is provided for the convenience of investors only, before ourexternal audit on Q2 2006 financial results of our headquarters is completed.The audit outcomes may cause some parts of this document to change. This document contains "forward-looking statements" - that is, statementsrelated to future, not past, events. In this context, forward-looking statementsoften address our expected future business and financial performance, and oftencontain words such as "expects", "anticipates", "intends", "plans", "believes","seeks" or "will" Forward-looking statements by their nature address mattersthat are, to different degrees, uncertain. For us, particular uncertainties which could adversely or positively affect ourfuture results include: the behavior of financial markets, includingfluctuations in exchange rates, interest rates and commodity prices; strategicactions, including dispositions and acquisitions; unanticipated dramaticdevelopments in our major businesses, including semiconductor, LCD, information& communication, digital media and consumer electronics; and numerous othermatters at the national and international levels, including those of apolitical, economic, business, competitive and regulatory nature. These uncertainties may cause our actual future results to be materiallydifferent from those expressed in our forward-looking statements. Sales and Profits (Unit : Trillion, KRW) 2Q 06 Q-on-Q 1Q 06 Y-on-Y 2Q 05Sales 14.11 1% 13.96 4% 13.59Gross Profit 3.71 -2% 3.78 -4% 3.86 (Margin) (26%) (27%) (28%)SG&A 2.29 6% 2.17 4% 2.21Operating Profit 1.42 -12% 1.61 -14% 1.65 (Margin) (10%) (12%) (12%)Non-operating Income 0.34 - 0.61 - 0.21 Equity Income from 0.02 - 0.04 - 0.03Samsung CardIncome Tax 0.25 -26% 0.34 50% 0.17Net profit 1.51 -20% 1.88 -11% 1.69 (Margin) (11%) (14%) (12%) Divisional Performance - Sales (Unit : Trillion, KRW) 2Q 06 Q-on-Q 1Q 06 Y-on-Y 2Q 05Semiconductor 4.42 2% 4.33 6% 4.17Memory 3.32 3% 3.23 3% 3.22System LSI 0.52 6% 0.49 14% 0.45LCD 2.85 6% 2.68 34% 2.12Telecommunication 4.28 -7% 4.59 -4% 4.46Handsets 4.04 -8% 4.39 -4% 4.19Digital Media 1.66 7% 1.56 3% 1.61Digital Appliances 0.77 13% 0.69 -23% 1.00Total 14.11 1% 13.96 4% 13.59 Divisional Performance - Operating Profit (Unit : Trillion, KRW) 2Q 06 Q-on-Q 1Q 06 Y-on-Y 2Q 05Semiconductor 0.98 -12.1% 1.12 -11.1% 1.10 (Margin) (22.2%) (25.8%) (26.5%)LCD 0.07 -30.6% 0.11 491.2% 0.01(Margin) (2.6%) (4.0%) (0.6%)Telecommunication 0.41 -12.8% 0.46 -23.6% 0.53 (Margin) (9.5%) (10.1%) (11.9%)Digital Media -0.06 - -0.05 - -0.05 (Margin) (-3.6%) (-3.5%) (-3.3%)Appliances 0.00 - -0.02 - 0.03 (Margin) (-0.4%) (-2.6%) (3.0%)Total 1.42 -12.1% 1.61 -14.0% 1.65 (Margin) (10.1%) (11.6%) (12.1%) Financial Position (Unit: Trillion KRW) FY 05 1Q 06 2Q 06Assets 50.5 51.4 51.3 Cash* 6.9 6.4 4.5 A/R & Inventories 4.4 4.5 4.9 PP & E 24.7 25.6 26.6 Other Assets 14.5 14.9 15.3Liabilities 10.8 10.6 10.7 Debt 0.1 0.1 0.1 Other Liabilities 10.7 10.5 10.6Shareholders Equity 39.7 40.8 40.6Debt / Equity 0.3% 0.2% 0.2%Net Debt / Equity -17.1% -15.5% -10.8%Return on Equity 20.6% 18.7% 14.8%Return on Asset 16.2% 14.8% 11.8% * Cash = cash + cash equivalent + short-term financial instruments + marketablesecurities Cash Flow (Unit: Trillion KRW) 2Q 06 1Q 06Cash* (Beginning of period) 6.41 6.87Cash flow from Operation 2.50 2.39Net Profit 1.51 1.88Depreciation 1.36 1.28Income(Loss) from Equity method -0.23 -0.41Increase(decrease) in Working -0.14 -0.36Capital, etcCash flow from Investment -2.67 -2.18CAPEX -2.44 -2.28Cash flow from Finance -1.75 -0.67Dividend - -0.76Decrease of Short-term borrowings - -Repurchase of Shares -1.76 - Proceeds from sales of shares 0.01 0.09 Under stock option plan Net decrease in cash -1.93 -0.46Cash (End of period) 4.49 6.41 * Cash = cash + cash equivalent + short-term financial instruments + marketablesecurities Capital Expenditure (Unit: Trillion KRW) 06 Plan 1H(Actual) (%) 05 ActualSemiconductor 5.63 3.19 57% 6.33Memory 4.58 2.71 59% 5.29System LSI 0.98 0.44 45% 0.99LCD 2.37 1.25 53% 2.87Telecommunication 0.54 0.11 20% 0.27Digital Media & Others 0.69 0.19 28% 0.57Total 9.23 4.74 51% 10.04 For a detailed presentation of our 2Q 2006 results including business outlook, Please refer to the following link : http://www.samsung.com/ir This information is provided by RNS The company news service from the London Stock Exchange