Taiwan Semiconductor Manufacturing Co., Ltd. · TWSE:2330

Taiwan Semiconductor Manufacturing — Q2 2008 Earnings Presentation

14 slides from Taiwan Semiconductor Manufacturing's earnings presentation, Jul 31, 2008

  1. Slide 1: TSMC 2008 Second Quarter Investor Conference

    Proprietary TSMC 2008 Second Quarter Investor Conference July 31, 2008 © 2008 TSMC, Ltd

  2. Slide 2: Agenda

    Agenda Proprietary z Welcome Elizabeth Sun z 2Q08 Financial Results and 3Q08 Outlook Lora Ho z CEO Comments Rick Tsai z Q&A Rick Tsai / Lora Ho P. 2 © 2008 TSMC, Ltd

  3. Slide 3: Safe Harbor Notice

    Safe Harbor Notice Proprietary z TSMC’s statements of its current expectations are forward- looking statements subject to significant risks and uncertainties and actual results may differ materially from those contained in the forward-looking statements. z Information as to those factors that could

  4. Slide 4: 2Q08 Financial Highlights

    2Q08 Financial Highlights Proprietary 2Q08 1Q08 2Q07 2Q08 4Q07 4Q07 QoQ YoY (In NT billions except otherwise noted) Guidance Actual Actual* QoQ YoY (In NT billions except otherwise noted) Results Guidance Net Sales 88.14 87 - 89 87.48 74.92 0.8% 17.6% Net Sales Gross Margin 45.6% 93.86 43% - 45% 92

  5. Slide 5: Income Statements

    Income Statements Proprietary (In NT billions except otherwise noted) 2Q08 1Q08 2Q07 QoQ YoY Net Sales 88.1 87.5 74.9 0.8% 17.6% Gross Margin 45.6% 43.7% 43.0% +1.9 ppt +2.6 ppt Operating Expenses (9.8) (9.1) (7.4) 8.0% 32.3% Operating Margin 34.5% 33.3% 33.0% +1.2 ppt +1.5 ppt Non-Operating Items 1

  6. Slide 6: 2Q08 Revenue by Applications

    2Q08 Revenue by Applications Proprietary Industrial/Others 7% Consumer 21% Computer 31% Communications 41% Communications Computer Consumer 40.0 40.0 40.0 QoQ -2% QoQ -8% QoQ +24% 0.0 0.0 0.0 1Q08 2Q08 1Q08 2Q08 1Q08 2Q08 P. 6 © 2008 TSMC, Ltd

  7. Slide 7: 2Q08 Revenue by Technology

    2Q08 Revenue by Technology Proprietary 65nm Revenue 0.25/0.35um 0.5um+ 18 18% 10% 4% 15% Revenue (NT$B) % of Sales (%) 12 12% 0.15/0.18um 65nm 23% 18% 9% 0.11/0.13um 6 6% 90nm 17% 28% 3% 0 0% 1Q07 2Q07 3Q07 4Q07 1Q08 2Q08 Rev (NT$B) % of Sales P. 7 © 2008 TSMC, Ltd

  8. Slide 8: Balance Sheets & Key Indices

    Balance Sheets & Key Indices Proprietary Selected Items from Balance Sheets 2Q08 1Q08 2Q07 (In NT billions excepted otherwise noted) Amount % Amount % Amount % Cash & Marketable Securities 224.0 36.4% 210.3 35.3% 233.1 36.5% Accounts Receivable - Trade 41.9 6.8% 38.0 6.3% 37.1 5.8% Inventory 23.4 3.

  9. Slide 9: Cash Flows

    Cash Flows Proprietary (In NT billions except otherwise noted) 2Q08 1Q08 2Q07 Beginning Balance 144.3 95.0 140.3 Cash from operating activities 45.0 57.3 34.7 Capital expenditures (22.3) (15.3) (25.3) Share buyback (6.6) (3.1) 0.0 Repayment of corporate bonds 0.0 0.0 0.0 Short-term investments/other

  10. Slide 10: Installed Capacity

    Installed Capacity Overall Capacity +13%; Advanced Capacity +27% Proprietary 1Q08 2Q08 3Q08 4Q08 2008 FAB / (Wafer size) (A) (A) (F) (F) (F) Fab-2 ( 6") 1 248 267 270 272 1,056 Fab-3 ( 8") 277 281 268 274 1,100 Fab-5 ( 8") 163 165 161 161 650 Fab-6 ( 8") 265 267 268 282 1,082 Fab-8 ( 8") 262 275 267

  11. Slide 11: Capital Expenditures

    Capital Expenditures Proprietary (In US millions) 1Q08 2Q08 YTD TSMC 452 712 1,164 XinTec and GUC 13 5 18 TSMC Shanghai & WaferTech 18 11 29 Other TSMC Subsidiaries 1 0 1 TSMC Consolidated 484 728 1,212 * 2008 CapEx was based on the weighted average exchange rate of NT$31.012 per US dollar. P. 11 ©

  12. Slide 12: 3Q08 Guidance

    3Q08 Guidance Proprietary Revenue is expected to be between NT$90 billion and NT$92 billion, at a forecast exchange rate of 30.20 NT dollars to 1 US dollar averaged over 3Q08. Gross profit margin is expected to be between 45% and 47%. Operating profit margin is expected to be between 34% and 36%. P.

  13. Slide 13: Recap of Recent Major Events

    Recap of Recent Major Events Proprietary TSMC Wins Corporate Governance Asia Annual Recognition Award 2008 (2008/06/26) TSMC Unified DFM Architecture Promises Improved Yields and Accelerated Time-to-Market (2008/06/09) New TSMC Reference Flow 9.0 Supports 40nm Process Technology (2008/06/03) TSMC Bo

  14. Slide 14: tsmc.com / invest@tsmc.com

    Proprietary http://www.tsmc.com invest@tsmc.com © 2008 TSMC, Ltd

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