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ChipPAC, Inc.
3151 Coronado Drive, Santa Clara, CA 95054 * (408) 486-5900
Business Description The Company is one of the world's largest providers of semiconductor packaging and test services.
Offering
Information

Company has
gone public

Trading As  CHPC (NASNTL) Industry  High-Tech (SIC 3674)
Type of Stock Offered  Class A Common Shares Filing Date  6/16/00
Domestic Shares Offered  10,000,000 Offer Date  8/8/00
Foreign Shares Offered  0 Filing Range  $13.00 - $15.00
Company Shares  10,000,000 Offer Price  $12.00
Selling Shrhldrs Shares  0 Gross Spread  $0.720
Gross Proceeds  $120,000,000 Selling  $0.440
Expenses  - - Reallowance  $0.100
Post-IPO Shares  66,560,000 Employees  - -
Primary
Underwriting
Group
Underwriter NameParticipationUnderwriter Phone
CS First Boston Lead Manager (212) 325-2000
Deutsch Banc Alex. Brown Co-manager (410) 727-1700
Merrill Lynch & Co. Co-manager (212) 449-4600
Robertson, Stephens & Company Co-manager (415) 989-8500
Thomas Weisel Partners LLC Co-manager (415) 364-2500
Income
Statement
and
Cash Flow
Summary
  Prior
Audited
Income
Latest
Unaudited
Income
  Full Year Audited Figures 3 Months Ending
Figures in U.S. millions except per share data     12/31/97 12/31/98 12/31/99 3/31/99 3/31/00
Revenues   - - 289.429 334.081 375.530 109.195 120.392
Income from Oper.   - - 25.518 40.429 12.619 9.220 13.011
Net Income   - - -46.118 32.303 -7.308 5.139 7.247
E.P.S   - - -0.450 0.320 -0.110 - -
Revenue Growth (%)      - - 15.43 12.407   10.25
Net Income Growth (%)      - - - -   41.02
Oper. Profit Margin (%)    - - 8.82 12.10 3.36 10.81 8.44
Net Profit Margin (%)    - - - 9.67 - 6.02 4.71
Cash Flow - Oper.     45.93 - -
Cash Flow - Inv.     -56.51 - -
Cash Flow - Fin.     -26.49 - -
Balance Sheet
Summary
and
Financial
Ratios
Balance sheet as of: 3/31/00 Financial Ratios
Total Assets    328.95 Current Assets    - Current Ratio    -
Total Liab.    452.15 Current Liab.    - Debt Ratio    137.45%
Total Equity    -123.19 Working Cap.    9.28 Debt to Equity Ratio    -
Cash    19.54    Return on Assets   2.20%
Use Of
Proceeds
The proceeds from the proposed offering will be used to redeem the 70,000 outstanding shares of our Class B preferred stock issued to Hyundai; to repay a portion of our outstanding indebtedness under our senior credit facilities; to redeem a portion of our outstanding senior subordinated notes due 2009 and pay the redemption premium and the accrued and unpaid interest on those notes; and to pay fees and expenses of this offering.
Legal Counsel
Registrar
Auditor
Issuer's Law Firm  Kirkland & Ellis
Bank's Law Firm  Cravath, Swaine & Moore
Auditor  Pricewaterhouse Coopers LLC
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Principal
Shareholders
Name of Shareholder% Owned
Before
% Owned
After
SXI Group LLC    
Hyundai Electronics America    
Bain Capital Funds    
Note: represents ownership of 5% or more prior to the offering.

Last updated: 8/20/00 7:02:44 PM
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