July 15, 2005 in Social Responsibility News

Earnings Release 2Q 2005 Samsung Electronics

Disclaimer

This report includes forward-looking statements which can generally be identified by phrases such as Samsung Electronics (SEC) or its management "believes," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import.


Similarly, such statements that describe the company's business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements.


All such statements are subject to certain risks and uncertainties that
could cause actual results to differ materially from those in this material.


Auditing for the 2Q 2005 financial results has not been finalized.
Figures in this earnings release are subject to change during the independent auditing process.




Sales and Profits




(Unit : Trillion,
KRW)


2Q 05


Q-on-Q


1Q 05


Y-on-Y


2Q 04




Sales


13.59


-2%


13.81


 -9%


14.98




Gross
Profit
 (Margin)


 3.86
 (28%)


-7%


 4.14
 (30%)


-32%


  5.65
  (38%)




SG&A


 2.21


11%


 1.99


 16%


 1.91




Operating
Profit
 (Margin)


 1.65
  (12%)


-23%


 2.15
  (16%)


-56%


3.73
(25%)




Non-operating Income


 0.21


 


-0.19


 


 0.12




 Equity  loss  from Samsung Card


 0.03


 


 -0.70


 


 -0.36




Income tax


 0.17


 -64%


 0.46


-77%


 0.72




Net profit
 (Margin)


 1.69
 (12%)


 13%


 1.50
 (11%)


-46%


 3.13
(21%)




 

Divisional Performance - Sales




(Unit : Trillion,
KRW)


2Q 05


Q-on-Q


1Q 05


Y-on-Y


2Q 04




Semiconductor


4.17


-7%


4.48


-9%


4.58




Memory


3.22


 -9%


3.54


-10%


3.57




System LSI


0.45


  1%


0.45


 -28%


0.62




LCD


2.12


12%


1.90


-14%


2.47




Telecommunication


4.46


 -8%


4.84


-10%


 4.94




Handsets


4.19


 -8%


4.56


 -9%


 4.61




Digital Media


1.61


 -3%


1.66


 -19%


1.99




Digital Appliances


1.00


 27%


0.79


13%


0.89




Total


13.59


 -2%


13.81


-9%


14.98




 

Divisional Performance – Operating Profit




(Unit : Trillion,
KRW)


2Q 05


Q-on-Q


1Q 05


Y-on-Y


2Q 04




Semiconductor
 (Margin)


1.10
(27%)


 
 -4%p


1.39
(31%)


 
-20%p


2.15
(47%)




LCD
(Margin)


0.01
 (1%)


 
-0.2%p


0.02
(1.2%)


 
-32%p


0.82
 (33%)




Telecommunication
 (Margin)


0.53
(12%)


 
-5%p


0.84
(17%)


 
 -4%p


0.80
 (16%)




Digital Media
 (Margin)


-0.05
(-3%)


 
-1%p


-0.04
(-2%)


 
-2.7%p


-0.007
 (-0.3%)




Appliances
 (Margin)


0.03
 (3%)


 
 5%p


-0.01
(-2%)


 
  4%p


-0.01
(-1%)




Total
 (Margin)


1.65
(12%)


 
 -4%p


2.15
(16%)


 
-13%p


3.73
(25%)




 

Financial Position




(Unit: Trillion KRW)


2Q 05


1Q 05


FY 04




Assets


45.6


44.6


43.8




     Cash*


5.9


5.8


7.4




     A/R &
Inventories


4.4


4.4


4.5




     PP & E


22.3


21.7


19.7




     Other Assets


13.0


12.7


12.2




Liabilities


9.3


9.4


9.4




     Debt


  0.1


  0.1


0.1




     Other Liabilities


  9.2


  9.3


 9.3




Shareholders Equity


 36.3


 35.2


34.4




Debt / Equity


0.3%


0.3%


0.3%




Net Debt / Equity


-15.8%


-16.3%


-21.3%




Return on Equity


18.9%


17.2%


33.8%




Return on Asset


 
15.0%


 
13.6%


 26.0%




* Cash = Cash + Cash equivalents + S-T financial instruments + Marketable
securities

** (Dividend Payout + Share
Buyback) / Net Income 

 

Cash Flow




(Unit: Trillion KRW)


2Q 05


1Q 05




Cash* (Beginning of period)


5.84


7.43




Cash flow from Operation


2.50


2.77




Net Profit


1.69


1.50




Depreciation


1.28


1.18




Income(Loss) from Equity
method


-0.12


0.42




Increase(decrease) in
Working
Capital, etc


-0.35


-0.33




Cash flow from Investment


-1.93


-3.62




CAPEX


-1.86


-3.19




Cash flow from Financing


-0.56


-0.74




Dividend


-


-0.77




Increase of Short-term
borrowings


-


-




Repurchase of Shares


-0.57


-




Net decrease in cash


0.01


-1.59




Cash (End of period)


5.85


5.84




* Cash = cash + cash equivalent + short-term
financial instruments + marketable securities

 

Capital Expenditure




(Unit: Billion KRW)


’05 Plan


1H Actual


(%)


‘04




Semiconductor


6.01


4.04


67%


5.50




Memory


 4.41


3.22


73%


4.71




System LSI


 1.53


0.81


53%


0.74




LCD


 2.86


0.62


22%


1.46




Telecommunication


 0.41


0.10


24%


0.29




Digital Media & Others


 0.99


0.31


31%


0.42




Total


10.29


5.07


49%


7.67




 




For a detailed presentation of our 2Q 2005 results including business outlook, Please refer to the following link : http://www.samsung.com/ir


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