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Singapore - 21 April 2015 - STATS ChipPAC Ltd. ("STATS ChipPAC" or the "Company" - SGX-ST: STATSChP), a leading provider of advanced semiconductor packaging and test services, today announced results for the first quarter 2015.

"Tan Lay Koon, President and Chief Executive Officer of STATS ChipPAC, said, "Revenue for the first quarter of 2015 increased 1.5% to $371.1 million compared to a year ago and was 8.8% lower from the prior quarter, as we saw seasonal weakness in our personal computer and consumer end markets. In the wireless communication market, we continued to see strength in demand for emerging market handsets as well as product ramps for new high performance smartphones and wearable devices."

Gross margin for the first quarter of 2015 was 10.5% compared to 10.0% in the first quarter of 2014 and 12.1% in the prior quarter. Operating margin for the first quarter of 2015 was 2.1% of revenue, compared to 0.7% in the first quarter of 2014 and 3.1% in the prior quarter. Net loss for the first quarter of 2015 was $2.1 million compared to net loss of $15.8 million in the first quarter of 2014 and net income of $3.5 million in the prior quarter.

Dennis Chia, Chief Financial Officer of STATS ChipPAC, said, "Our EBITDA1 in the first quarter was $83.2 million or 22.4% of revenue, compared to $78.4 million and $96.7 million or 21.4% and 23.8% of revenue in the first quarter of 2014 and prior quarter, respectively. Capital expenditure2 for the first quarter 2015 was $37.0 million or 10.0% of revenue, compared to $113.6 million and $64.8 million or 31.1% and 15.9% of revenue in the first quarter of 2014 and prior quarter, respectively. Cash, cash equivalents and bank deposits increased to $197.1 million as of the end of the first quarter of 2015 compared to $185.2 million as of the end of the fourth quarter of 2014. During the quarter, we reduced debt to $1,168.9 million as of the end of the first quarter of 2015 compared to $1,203.3 million as of the end of the fourth quarter of 2014."

[1] Adjusted EBITDA is not required by, or presented in accordance with, Singapore Financial Reporting Standards ("FRS"). We define adjusted EBITDA as net income attributable to STATS ChipPAC Ltd. plus income tax expense, interest expense, net, depreciation and amortisation, restructuring charges, share-based compensation, asset impairment, tender offer, debt exchange or debt redemption expenses and write-off of debt issuance costs. We present adjusted EBITDA as a supplemental measure of our performance. Management believes the non-FRS financial measure is useful to investors in enabling them to perform additional analysis.
[2]Capital expenditure refers to acquisitions of production equipment, asset upgrades and infrastructure investments.

Investor Conference Call / Live Audio Webcast Details
A conference call has been scheduled for 8:00 a.m. in Singapore on Wednesday, 22 April 2015. During the call, time will be set-aside for analysts and investors to ask questions of executive officers.

The call may be accessed by dialing +65-6823-2299. A live audio webcast of the conference call will be available on STATS ChipPAC's website at www.statschippac.com. A replay of the call will be available 2 hours after the live call through 7 May 2015 at www.statschippac.com and by telephone at 800-616-2127. The conference ID number to access the conference call and replay is 8006233.

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