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ChipMOS REPORTS THIRD QUARTER 2012 RESULTS

November 20, 2012

HSINCHU, Taiwan, Nov. 20, 2012 /PRNewswire-FirstCall/ —

Highlights for the Third Quarter of 2012:

  • 3Q12 Net Revenue Increased 15.2% Compared to 3Q11
  • 3Q12 Gross Margin Improved to 18.6% Compared to 12.8% in 2Q12
  • 3Q12 Foreign Exchange Loss of US$3.1 Million Compared to a Gain of US$2.1 Million in 2Q12 and a Gain of US$6.8 million in 3Q11
  • 3Q12 Net Income of US$0.46 per Basic Common Share Compared to US$0.18 in 3Q11
  • Company Generated US$33.1 Million of Free Cash Flow in 3Q12
  • Completed US$10.0 Million Repurchase Program
  • Secondary Offering Closed on November 1, 2012

ChipMOS TECHNOLOGIES (Bermuda) LTD. (“ChipMOS” or the “Company”) (Nasdaq: IMOS) today reported unaudited consolidated financial results for the third quarter ended September 30, 2012. All U.S. dollar figures in this release are based on the exchange rate of NT$29.29 against US$1.00 as of September 28, 2012.

Net revenue on a US GAAP basis for the third quarter of 2012 was NT$5,139.9 million or US$175.5 million, an increase of 6.4% from NT$4,829.3 million or US$164.9 million in the second quarter of 2012 and an increase of 15.2% from NT$4,461.5 million or US$152.3 million for the third quarter of 2011.

Operating expense for the third quarter of 2012 was NT$335.9 million or US$11.5 million compared to NT$290.3 million or US$9.9 million in the second quarter of 2012 and NT$268.6 million or US$9.1 million in the third quarter of 2011. Non-operating expense for the third quarter of 2012 was NT$131.4 million or US$4.5 million, including a foreign exchange loss of NT$90.7 million or US$3.1 million and net interest expense of NT$43.8 million or US$1.5 million, compared to non-operating income of NT$13.3 million or US$0.5 million, including a foreign exchange gain of NT$61.0 million or US$2.1 million and net interest expense of NT$50.1 million or US$1.7 million in the second quarter of 2012, and compared to non-operating income of NT$88.0 million or US$3.0 million, including a foreign exchange gain of NT$199.6 million or US$6.8 million and net interest expense of NT$55.6 million or US$1.9 million in the third quarter or 2011.

Net income on a US GAAP basis for the third quarter of 2012 was NT$367.0 million or US$12.5 million, and NT$13.43 or US$0.46 per basic common share and NT$13.02 or US$0.44 per diluted common share, which compared to net income of NT$300.4 million or US$10.3 million, and NT$11.00 or US$0.38 per basic common share and NT$10.68 or US$0.36 per diluted common share, for the second quarter of 2012 and to a net income of NT$139.8 million or US$4.8 million and NT$5.19 or US$0.18 per basic and NT$5.11 or US$0.17 per diluted common share, for the third quarter of 2011. Excluding foreign exchange loss of US$3.1 million, our Q3 net income was US$15.6 million, and US$0.57 per basic common share and US$0.55 per diluted common share.

The unaudited consolidated financial results of ChipMOS for the third quarter ended September 30, 2012 included the financial results of ChipMOS TECHNOLOGIES INC., ChipMOS U.S.A., Inc., MODERN MIND TECHNOLOGY LIMITED and its wholly-owned subsidiary ChipMOS TECHNOLOGIES (Shanghai) LTD., and ThaiLin Semiconductor Corp.

Two of the Company’s shareholders ThaiLin Semiconductor Corp. (“ThaiLin”), a subsidiary of ChipMOS, and Siliconware Precision Industries Co., Ltd. (“Siliconware Precision”) closed their previously announced underwritten secondary offering on November 1, 2012. 2,500,000 of its common shares were priced at US$10.10 per share. 1,700,000 common shares were offered by Company shareholder ThaiLin, a subsidiary of ChipMOS, and 800,000 common shares were offered by Company shareholder Siliconware Precision. In addition, the underwriters also exercised an option to purchase an additional 300,000 shares from ThaiLin on November 1, 2012. Siliconware Precision continues to own approximately 2.2 million of the Company’s common shares and ThaiLin continues to own approximately 4.5 million of the Company’s common shares.

S.J. Cheng, Chairman and Chief Executive Officer of ChipMOS, said, “We expect to continue to successfully execute on all fronts to drive near term financial performance gains and structural changes that we believe are essential to our long-term success. Net revenue in 3Q12 increased 15.2% over 3Q11 and was up 6.4% from 2Q12. From a product mix standpoint we benefitted from higher revenue from our LCD driver, mixed signal and mask ROM memory businesses. Our overall utilization rate increased to 80% from 78% in 2Q12, and 73% in 1Q12. In addition, depreciation and amortization expenses were US$5.9 million lower in 3Q12 than in 2Q12. As a result of the above, we were able to drive a further improvement in gross margin to 18.6% in 3Q12 from 12.8% 2Q12 and 6.2% in 1Q12. Finally, we took another important step forward in the dual listing process and in our efforts to streamline the Company’s corporate capital structure with the successful closure of a secondary offering on November 1, 2012. We anticipate moving into the fourth quarter with considerable momentum in our business, which gives us added confidence in our business strategy and prospects.”

S.K. Chen, Chief Financial Officer of ChipMOS, said, “Our revenue growth, profitability and operating expenses in 3Q12 were all in-line with expectations. Capital expenditures in the third quarter were US$19.6 million, bringing our year-to-date CapEx total to US$74.6 million, in-line with the plan we outlined at the start of the year. Depreciation and amortization expenses in 3Q12 came in at US$37.2 million, a US$5.9 million reduction compared to 2Q12. We expect a further reduction in depreciation and amortization expenses in 4Q12 to approximately US$34.0 million. Our balance sheet continued to improve as we generated free cash flow of US$33.1 million in 3Q12. We exited the third quarter with a balance of cash and cash equivalents of US$257.3 million. The US$10 million previously authorized share repurchase plan was completed on October 12, 2012, with approximately 654 thousand common shares repurchased, and subsequently cancelled. While we have not immediately extended the repurchase program, our Board of Directors continues to monitor the situation as part of our efforts to increase shareholder value.”

    Selected Operation Data

                                  3Q12                2Q12
                                  ----                ----
    Revenue by segment
       Testing                                    29%                 30%
       Assembly                                   33%                 34%
       LCD Driver                                 23%                 22%
    Bumping                                       15%                 14%

    Utilization by segment
       Testing                                    75%                 73%
       Assembly                                   81%                 82%
       LCD Driver                                 83%                 75%
    Bumping                                       82%                 85%
       Overall                                    80%                 78%

    CapEx                         US$19.6 million     US$35.0 million
       Testing                                    22%                 16%
       Assembly                                   18%                 14%
    LCD Driver                                    14%                 48%
       Bumping                                    46%                 22%

    Depreciation and amortization
     expenses (US GAAP)           US$37.2 million     US$43.1 million

    Condensed consolidated
     statements of cash flows       Nine months ended   Nine months ended
                                      Sep. 30, 2012       Sep. 30, 2011
                                       US$ million         US$ million
                                       -----------         -----------
    Net cash provided by (used in)
     operating activities                        100.0               126.6
    Net cash provided by (used in)
     investing activities                        (72.4)              (95.2)
    Net cash provided by (used in)
     financing activities                        (20.9)            ( 80.2)
    Effect of exchange rate changes
     on cash                                      (0.6)                0.9
    Net increase (decrease) in cash
     and cash equivalents                          6.1               (47.9)
    Cash and cash equivalents at
     beginning of period                         251.2               243.9
    Cash and cash equivalents at
     end of period                               257.3               196.0

Fourth Quarter 2012 Outlook

The Company expects 4Q12 revenue to be approximately flat to 5% lower, as compared to 3Q12, reflecting further softness in the broader memory market, which impacts the Company’s commodity DRAM assembly business, offset by continued growth in its LCD driver and mixed-signal businesses. The Company expects 4Q12 gross margin on a consolidated basis to be in the range of approximately 14% to 19%. We anticipate depreciation and amortization expenses for 4Q12 to be approximately US$34 million. The Company projects CapEx spending to be approximately US$21 million in 4Q12. We expect operating expenses to be approximately 6% to 7% of revenues in 4Q12. Common shares at the end of 4Q12 are expected to be approximately 29 million.

Investor Conference Call / Webcast Details

ChipMOS will review detailed third quarter 2012 results on Tuesday, November 20, 2012 at 8:00AM ET (9:00PM, November 20, Taiwan time). The conference call-in number is 1-201-689-8562, with confirmation ID number 401720. A live webcast of the conference call will be available at ChipMOS’ website at http://www.chipmos.com. The playback is scheduled to be available in 2 hours after the conclusion of the conference call and will be accessible by dialing 1-858-384-5517, with confirmation ID number 401720.

About ChipMOS TECHNOLOGIES (Bermuda) LTD.:

ChipMOS (http://www.chipmos.com ) is a leading independent provider of semiconductor testing and assembly services to customers in Taiwan, Japan, and the U.S. With advanced facilities in Hsinchu and Southern Taiwan Science Parks in Taiwan and Shanghai, ChipMOS and its subsidiaries provide testing and assembly services to a broad range of customers, including leading fabless semiconductor companies, integrated device manufacturers and independent semiconductor foundries.

Forward-Looking Statements

Certain statements contained in this announcement may be viewed as “forward-looking statements” within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual performance, financial condition or results of operations of the Company to be materially different from any future performance, financial condition or results of operations implied by such forward-looking statements. Further information regarding these risks, uncertainties and other factors is 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.

- FINANCIAL TABLES FOLLOW BELOW -

                                                                                                                                                            ChipMOS TECHNOLOGIES (Bermuda) LTD.
                                                                                                                                                            -----------------------------------
                                                                                                                                                          UNAUDITED CONSOLIDATED INCOME STATEMENT
                                                                                                                                                          ---------------------------------------
                                                                                                                                           For the Three Months Ended Sep. 30, Jun. 30, 2012  and Sep. 30, 2011
                                                                                                                                                       Figures in Millions of U.S. dollars (USD) (1)
                                                                                                                                                    Except for Per Share Amounts and Shares Outstanding

                                                                                                                          ROC GAAP                                                                       US GAAP
                                                                                                                          --------                                                                       -------
                                                                                                                       3 months ended                                                                3 months ended
                                                                                                                     --------------                                                             --------------
                                                                                                                                                        Jun. 30, 2012                                   Sep. 30, 2011                               Jun. 30, 2012         Sep. 30, 2011
                                                                                                                 Sep. 30, 2012                                                                                                Sep. 30, 2012
                                                                                                                 -------------                                                                                                -------------
                                                                                                                      USD                                    USD                                             USD                   USD                   USD                   USD
                                                                                                                      ---                                    ---                                             ---                   ---                   ---                   ---
    Net Revenue                                                                                                                     175.5                                  164.9                                       152.3                 175.5                 164.9                 152.3
    Cost of Revenue                                                                                                                 142.4                                  144.3                                       138.7                 142.8                 143.7                 139.2
                                                                                                                                    -----                                  -----                                       -----                 -----                 -----                 -----
    Gross Profit (Loss)                                                                                                              33.1                                   20.6                                        13.6                  32.7                  21.2                  13.1
                                                                                                                                     ----                                   ----                                        ----                  ----                  ----                  ----

    Other Operating Income                                                                                                              -                                      -                                           -                   0.9                   1.4                   0.9
    Operating Expenses
    Research and Development                                                                                                          4.7                                    3.4                                         3.2                   4.7                   3.4                   3.2
    Sales and Marketing                                                                                                               0.6                                    0.6                                         0.5                   0.6                   0.6                   0.5
    General and Administrative                                                                                                        5.6                                    4.9                                         5.3                   5.5                   4.4                   5.2
    Other Operating Expenses                                                                                                            -                                      -                                           -                   0.7                   1.5                   0.2
                                                                                                                                      ---                                    ---                                         ---                   ---                   ---                   ---
    Total Operating Expenses                                                                                                         10.9                                    8.9                                         9.0                  11.5                   9.9                   9.1
                                                                                                                                     ----                                    ---                                         ---                  ----                   ---                   ---

    Income (Loss) from Operations                                                                                                    22.2                                   11.7                                         4.6                  22.1                  12.7                   4.9
                                                                                                                                     ----                                   ----                                         ---                  ----                  ----                   ---

    Non-Operating Income (Expenses), Net                                                                                             (4.2)                                   0.9                                         3.8                  (4.5)                  0.5                   3.0
                                                                                                                                     ----                                    ---                                         ---                  ----                   ---                   ---

    Income (Loss) before Income Tax                                                                                                  18.0                                   12.6                                         8.4                  17.6                  13.2                   7.9

    Income Tax Benefit (Expense)                                                                                                     (2.3)                                  (1.9)                                       (0.2)                 (2.2)                 (2.0)                 (0.2)
                                                                                                                                     ----                                   ----                                        ----                  ----                  ----                  ----

    Net Income (Loss)                                                                                                                15.7                                   10.7                                         8.2                  15.4                  11.2                   7.7

    Add: Net Loss (Income) Attributable to                                                                                           (3.0)                                  (0.8)                                       (3.1)                 (2.9)                 (0.9)                 (2.9)
      Noncontrolling Interests

    Net Income (Loss) Attributable to ChipMOS                                                                                        12.7                                    9.9                                         5.1                  12.5                  10.3                   4.8
                                                                                                                                     ====                                    ===                                         ===                  ====                  ====                   ===
    Earnings (Loss) Per Share Attributable to                                                                                        0.46                                   0.36                                        0.19                  0.46                  0.38                  0.18
      ChipMOS -Basic

    Shares Outstanding (in thousands)-Basic                                                                                        27,327                                 27,308                                      26,918                27,327                27,308                26,918
                                                                                                                                   ======                                 ======                                      ======                ======                ======                ======
    Net Income (Loss) Attributable to ChipMOS                                                                                        12.7                                    9.9                                         5.1                  12.5                  10.3                   4.8
      -Diluted

    Earnings (Loss) Per Share Attributable to                                                                                        0.45                                   0.35                                        0.19                  0.44                  0.36                  0.17
      ChipMOS -Diluted

    Shares Outstanding (in thousands)-Diluted                                                                                      28,175                                 28,134                                      27,356                28,175                28,134                27,356
                                                                                                                                   ======                                 ======                                      ======                ======                ======                ======

    Note:
    (1) All U.S. dollar figures in this release are based on the exchange rate of NT$29.29 against US$1.00 as
          of Sep. 28, 2012. The convenience translation should not be construed as representations that the NT
          dollar amounts have been, or could be in the future be, converted into US dollars at this or any other
          exchange rate.
                                                                                          ChipMOS TECHNOLOGIES (Bermuda) LTD.
                                                                                          -----------------------------------
                                                                                        UNAUDITED CONSOLIDATED INCOME STATEMENT
                                                                                        ---------------------------------------
                                                                          For the Three Months Ended Sep. 30, Jun. 30, 2012 and Sep. 30, 2011
                                                                                        Figures in Millions of NT dollars (NTD)
                                                                                  Except for Per Share Amounts and Shares Outstanding

                                                         ROC GAAP                                                                          US GAAP
                                                         --------                                                                          -------
                                                      3 months ended                                                                   3 months ended
                                                    --------------                                                                --------------
                                                                                          Jun. 30, 2012                                   Sep. 30, 2011                                 Jun. 30, 2012          Sep. 30, 2011
                                                Sep. 30, 2012                                                                                                    Sep. 30, 2012
                                                -------------                                                                                                    -------------
                                                     NTD                                       NTD                                             NTD                    NTD                    NTD                    NTD
                                                     ---                                       ---                                             ---                    ---                    ---                    ---
    Net Revenue                                                  5,139.9                                   4,829.3                                      4,461.5                5,139.9                4,829.3                4,461.5
    Cost of Revenue                                              4,169.3                                   4,226.8                                      4,063.0                4,182.3                4,209.0                4,076.3
                                                                 -------                                   -------                                      -------                -------                -------                -------
    Gross Profit (Loss)                                            970.6                                     602.5                                        398.5                  957.6                  620.3                  385.2
                                                                   -----                                     -----                                        -----                  -----                  -----                  -----

    Other Operating Income                                             -                                         -                                            -                   27.3                   41.0                   28.8
    Operating Expenses
    Research and Development                                       137.5                                     100.0                                         95.0                  137.5                  100.0                   95.0
    Sales and Marketing                                             18.4                                      18.4                                         15.5                   18.4                   18.4                   15.5
    General and Administrative                                     162.5                                     141.7                                        153.5                  159.5                  127.9                  151.4
    Other Operating Expenses                                           -                                         -                                            -                   20.5                   44.0                    6.7
                                                                     ---                                       ---                                          ---                   ----                   ----                    ---
    Total Operating Expenses                                       318.4                                     260.1                                        264.0                  335.9                  290.3                  268.6
                                                                   -----                                     -----                                        -----                  -----                  -----                  -----

    Income (Loss) from Operations                                  652.2                                     342.4                                        134.5                  649.0                  371.0                  145.4
                                                                   -----                                     -----                                        -----                  -----                  -----                  -----

    Non-Operating Income (Expenses), Net                          (124.3)                                     27.1                                        110.5                 (131.4)                  13.3                   88.0
                                                                  ------                                      ----                                        -----                 ------                   ----                   ----

    Income (Loss) before Income Tax                                527.9                                     369.5                                        245.0                  517.6                  384.3                  233.4

    Income Tax Benefit (Expense)                                   (67.4)                                    (55.4)                                        (5.4)                 (65.5)                 (57.6)                  (7.6)
                                                                   -----                                     -----                                         ----                  -----                  -----                   ----

    Net Income (Loss)                                              460.5                                     314.1                                        239.6                  452.1                  326.7                  225.8

    Add: Net Loss (Income) Attributable to                         (88.5)                                    (24.8)                                       (90.3)                 (85.1)                 (26.3)                 (86.0)
      Noncontrolling Interests

    Net Income (Loss) Attributable to ChipMOS                      372.0                                     289.3                                        149.3                  367.0                  300.4                  139.8
                                                                   =====                                     =====                                        =====                  =====                  =====                  =====
    Earnings (Loss) Per Share Attributable to                      13.61                                     10.59                                         5.55                  13.43                  11.00                   5.19
      ChipMOS-Basic

    Shares Outstanding (in thousands)-Basic                       27,327                                    27,308                                       26,918                 27,327                 27,308                 26,918
                                                                  ======                                    ======                                       ======                 ======                 ======                 ======
    Net Income (Loss) Attributable to ChipMOS -                    372.0                                     289.3                                        149.3                  367.0                  300.4                  139.8
      Diluted

    Earnings (Loss) Per Share Attributable to                      13.20                                     10.28                                         5.46                  13.02                  10.68                   5.11
      ChipMOS-Diluted

    Shares Outstanding (in thousands)-Diluted                     28,175                                    28,134                                       27,356                 28,175                 28,134                 27,356
                                                                  ======                                    ======                                       ======                 ======                 ======                 ======
                                                                                                                                                 ChipMOS TECHNOLOGIES (Bermuda) LTD.
                                                                                                                                                 -----------------------------------
                                                                                                                                                 UNAUDITED CONSOLIDATED BALANCE SHEET
                                                                                                                                                 ------------------------------------
                                                                                                                                            As of Sep. 30, Jun. 30, 2012 and Sep. 30, 2011
                                                                                                                                            Figures in Millions of U.S. dollars (USD) (1)

                                                                                                                            ROC GAAP                                                        US GAAP
                                                                                                                            --------                                                        -------
                                                                                                                                                 Jun. 30, 2012                             Sep. 30, 2011                              Jun. 30, 2012         Sep. 30, 2011
                                                                                                                   Sep. 30, 2012                                                                                 Sep. 30, 2012
                                                                                                                   -------------                                                                                 -------------
    ASSETS                                                                                                              USD                           USD                                        USD                  USD                  USD                   USD
    ------                                                                                                              ---                           ---                                       ---                   ---                  ---                   ---
    Cash and Cash Equivalents                                                                                                        257.3                          225.2                                 196.0                257.3                 225.2                 196.0
    Financial Assets at Fair Value Through Profit or Loss                                                                                -                           34.2                                     -                    -                  34.2                     -
    Accounts and Notes Receivable                                                                                                    148.0                          135.3                                 124.5                148.0                 135.3                 124.5
    Inventories                                                                                                                       61.1                           53.9                                  55.2                 61.1                  54.0                  55.2
    Other Current Assets                                                                                                              25.3                           17.2                                  17.6                 25.3                  17.2                  17.4
                                                                                                                                                                     ----                                  ----                 ----                  ----
    Total Current Assets                                                                                                             491.7                          465.8                                 393.3                491.7                 465.9                 393.1
                                                                                                                                     -----                          -----                                 -----                -----                 -----                 -----

    Long-Term Investments                                                                                                              1.3                            1.3                                   1.3                  1.3                   1.3                   1.3

    Property, Plant & Equipment-Net                                                                                                  425.5                          441.9                                 506.6                410.8                 427.6                 493.5
    Intangible Assets                                                                                                                  3.3                            3.4                                   3.5                  3.3                   3.4                   3.5
    Other Assets                                                                                                                      33.0                           36.3                                  45.9                 35.4                  38.6                  48.6
                                                                                                                                      ----                           ----                                  ----                 ----                  ----                  ----
    Total Assets                                                                                                                     954.8                          948.7                                 950.6                942.5                 936.8                 940.0
                                                                                                                                     =====                          =====                                 =====                =====                 =====                 =====

    LIABILITIES
    -----------
    Current Liabilities
    Short-Term Loans                                                                                                                  20.0                           21.9                                  18.9                 20.0                  21.9                  18.9
    Current Portion of Long-Term Debts                                                                                                75.2                           48.5                                  26.6                 75.2                  48.5                  26.6
    Accounts Payable and Payables to Contractors and Equipment Suppliers                                                              52.8                           50.3                                  39.4                 52.8                  50.3                  39.4
    Other Current Liabilities                                                                                                         58.1                           54.1                                  58.2                 58.1                  54.1                  58.2
                                                                                                                                      ----                           ----                                  ----                 ----                  ----                  ----
    Total Current Liabilities                                                                                                        206.1                          174.8                                 143.1                206.1                 174.8                 143.1
    Long-Term Liabilities
    Long-Term Debts                                                                                                                  215.2                          253.5                                 290.1                215.2                 253.5                 290.1
    Other Liabilities                                                                                                                  3.3                            3.4                                   3.5                 14.0                  14.1                  17.0
                                                                                                                                                                      ---                                   ---                 ----                  ----
    Total Liabilities                                                                                                                424.6                          431.7                                 436.7                435.3                 442.4                 450.2
                                                                                                                                     -----                          -----                                 -----                -----                 -----                 -----

    EQUITY
    ------
    Shareholders' Equity
    Capital Stock                                                                                                                      1.4                            1.3                                   1.3                  1.4                   1.3                   1.3
    Capital Surplus                                                                                                                  393.8                          522.0                                 518.6                380.3                 508.6                 508.2
    Retained Earnings (Accumulated Losses)                                                                                            16.6                         (125.4)                               (127.9)                19.4                (122.4)               (127.8)
    Treasury Stock                                                                                                                   (34.6)                         (31.4)                                (31.6)               (34.6)                (31.4)                (31.6)
    Cumulated Translation Adjustments                                                                                                 14.2                           14.6                                  14.8                 14.2                  14.6                  14.8
    Unrecognized Pension Cost                                                                                                            -                              -                                     -                 (8.0)                 (8.0)                 (9.0)
                                                                                                                                       ---                            ---                                   ---                 ----                  ----                  ----
    Total Shareholders' Equity                                                                                                       391.4                          381.1                                 375.2                372.7                 362.7                 355.9
                                                                                                                                     -----                          -----                                 -----                -----                 -----                 -----
    Noncontrolling Interests                                                                                                         138.8                          135.9                                 138.7                134.5                 131.7                 133.9
                                                                                                                                     -----                          -----                                 -----                -----                 -----                 -----
    Total Equity                                                                                                                     530.2                          517.0                                 513.9                507.2                 494.4                 489.8
                                                                                                                                     -----                          -----                                 -----                -----                 -----                 -----
    Total Liabilities & Equity                                                                                                       954.8                          948.7                                 950.6                942.5                 936.8                 940.0
                                                                                                                                     =====                          =====                                 =====                =====                 =====                 =====

    Note:
    (1) All U.S. dollar figures in this release are based on the exchange rate of NT$29.29 against US$1.00 as
    of Sep. 28, 2012. The convenience translation should not be construed as representations that the NT dollar
    amounts have been, or could be in the future be, converted into US dollars at this or any other exchange rate.

                                                                                         ChipMOS TECHNOLOGIES (Bermuda) LTD.
                                                                                         -----------------------------------
                                                                                         UNAUDITED CONSOLIDATED BALANCE SHEET
                                                                                         ------------------------------------
                                                                                    As of Sep. 30, Jun. 30, 2012 and Sep. 30, 2011
                                                                                       Figures in Millions of NT dollars (NTD)

                                                                   ROC GAAP                                                         US GAAP
                                                                   --------                                                         -------
                                                                                                Jun. 30, 2012                      Sep. 30, 2011                                       Jun. 30, 2012               Sep. 30, 2011
                                                          Sep. 30, 2012                                                                                    Sep. 30, 2012
                                                          -------------                                                                                    -------------
    ASSETS                                                     NTD                                   NTD                                NTD                              NTD                         NTD                         NTD
    ------                                                     ---                                   ---                                ---                              ---                         ---                         ---
    Cash and Cash Equivalents                                              7,537.3                               6,596.6                          5,740.4                     7,537.3                     6,596.6                     5,740.4
    Financial Assets at Fair Value Through Profit or Loss                        -                               1,000.7                                -                           -                     1,000.7                           -
    Accounts and Notes Receivable                                          4,333.5                               3,962.1                          3,645.0                     4,333.5                     3,962.1                     3,645.0
    Inventories                                                            1,788.5                               1,579.6                          1,617.1                     1,789.2                     1,580.4                     1,618.1
    Other Current Assets                                                     741.9                                 504.3                            516.9                       741.9                       504.3                       510.7
                                                                             -----                                 -----                            -----                       -----                       -----                       -----
    Total Current Assets                                                  14,401.2                              13,643.3                         11,519.4                    14,401.9                    13,644.1                    11,514.2
                                                                          --------                              --------                         --------                    --------                    --------                    --------

    Long-Term Investments                                                     39.1                                  39.1                             39.1                        39.1                        39.1                        39.1

    Property, Plant & Equipment-Net                                       12,463.8                              12,943.6                         14,838.6                    12,032.7                    12,525.6                    14,453.5
    Intangible Assets                                                         94.8                                  97.8                            100.9                        94.8                        97.8                       100.9
    Other Assets                                                             967.1                               1,064.0                          1,344.9                     1,037.0                     1,131.9                     1,423.8
                                                                             -----                               -------                          -------                     -------                     -------                     -------
    Total Assets                                                          27,966.0                              27,787.8                         27,842.9                    27,605.5                    27,438.5                    27,531.5
                                                                          ========                              ========                         ========                    ========                    ========                    ========

    LIABILITIES
    -----------
    Current Liabilities
    Short-Term Loans                                                         585.9                                 641.8                            555.1                       585.9                       641.8                       555.1
    Current Portion of Long-Term Debts                                     2,202.8                               1,420.5                            779.9                     2,202.8                     1,420.5                       779.9
    Accounts Payable and Payables to Contractors                           1,545.3                               1,472.4                          1,153.3                     1,545.3                     1,472.4                     1,153.3
         and Equipment Suppliers
    Other Current Liabilities                                              1,702.4                               1,585.0                          1,703.8                     1,702.4                     1,585.0                     1,703.8
                                                                           -------                               -------                          -------                     -------                     -------                     -------
    Total Current Liabilities                                              6,036.4                               5,119.7                          4,192.1                     6,036.4                     5,119.7                     4,192.1
    Long-Term Liabilities
    Long-Term Debts                                                        6,305.0                               7,424.2                          8,496.8                     6,305.0                     7,424.2                     8,496.8
    Other Liabilities                                                         96.4                                  99.2                            102.6                       409.5                       411.9                       497.7
                                                                              ----                                  ----                            -----                       -----                       -----                       -----
    Total Liabilities                                                     12,437.8                              12,643.1                         12,791.5                    12,750.9                    12,955.8                    13,186.6
                                                                          --------                              --------                         --------                    --------                    --------                    --------

    EQUITY
    ------
    Shareholders' Equity
    Capital Stock                                                             39.7                                  39.5                             39.0                        39.7                        39.5                        39.0
    Capital Surplus                                                       11,533.6                              15,290.3                         15,187.7                    11,139.1                    14,898.9                    14,884.4
    Retained Earnings (Accumulated Losses)                                   485.4                              (3,674.0)                        (3,747.5)                      568.8                    (3,585.5)                   (3,743.3)
    Treasury Stock                                                        (1,012.7)                               (919.8)                          (924.8)                   (1,012.7)                     (919.8)                     (924.8)
    Cumulated Translation Adjustments                                        417.0                                 426.8                            433.9                       417.0                       426.8                       433.9
    Unrecognized Pension Cost                                                    -                                     -                                -                      (235.6)                     (235.7)                     (265.0)
                                                                               ---                                   ---                              ---                      ------                      ------                      ------
    Total Shareholders' Equity                                            11,463.0                              11,162.8                         10,988.3                    10,916.3                    10,624.2                    10,424.2
                                                                          --------                              --------                         --------                    --------                    --------                    --------
    Noncontrolling Interests                                               4,065.2                               3,981.9                          4,063.1                     3,938.3                     3,858.5                     3,920.7
                                                                           -------                               -------                          -------                     -------                     -------                     -------
    Total Equity                                                          15,528.2                              15,144.7                         15,051.4                    14,854.6                    14,482.7                    14,344.9
                                                                          --------                              --------                         --------                    --------                    --------                    --------
    Total Liabilities & Equity                                            27,966.0                              27,787.8                         27,842.9                    27,605.5                    27,438.5                    27,531.5
                                                                          ========                              ========                         ========                    ========                    ========                    ========

Contacts:

    In Taiwan                           In the U.S.
    ---------                           -----------
    Dr. S.K. Chen                       David Pasquale
    ChipMOS TECHNOLOGIES (Bermuda) LTD. Global IR Partners
    +886-6-507-7712                     +1-914-337-8801
    s.k._chen@chipmos.com               dpasquale@globalirpartners.com

SOURCE ChipMOS TECHNOLOGIES (Bermuda) LTD.


Source: PR Newswire