Semiconductor Manufacturing International Corp. · HKEX:981
Semiconductor Manufacturing International — SMIC — Q3 2022 Earnings Presentation
15 slides from Semiconductor Manufacturing International's earnings presentation, November 2022
Slide 1: SMIC Q3 2022 Financial Presentation
SMIC Q3 2022 Financial Presentation SEHK: 00981 SSE STAR MARKET: 688981 SMIC Investor Relations Nov 2022
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation contains, in addition to historical information, forward-looking statements. These forward-looking statements are based on SMIC's current assumptions, expectations, beliefs, plans, objectives, and projections about future events or performance. SMIC uses
Slide 3: 3Q22 Financial Highlights (Unaudited)
3Q22 Financial Highlights (Unaudited) Revenue was $1,907 million – Up 0.2% QoQ from $1,903 million in 2Q22 – Up 34.7% YoY from $1,415 million in 3Q21 Gross margin was 38.9% – Compared to 39.4% in 2Q22 – Compared to 33.1% in 3Q21 Profit from operations was $478 million – Compared to $539 millio
Slide 4: Income Statement
Income Statement (US$ thousands) 3Q22 2Q22 QoQ 3Q21 YoY Revenue 1,906,956 1,903,164 0.2% 1,415,302 34.7% Gross profit 742,216 750,488 -1.1% 467,861 58.6% Gross margin 38.9% 39.4% 33.1% Operating income(expenses) （264,297） (211,045) 25.2% (157,817) 67.5% Research & development (182,888) (187,484) -2.
Slide 5: Capital Structure
Capital Structure (US$ thousands) As of Sep 30, 2022 Jun 30, 2022 Cash and cash equivalents 7,544,774 8,634,495 Restricted cash - current 663,631 221,820 Financial assets at fair value through profit or loss - current(1) 292,749 312,975 Financial assets at amortized cost(2) 9,917,224 9,449,223 Total
Slide 6: Cash Flow
Cash Flow (US$ thousands) For the three months ended Net cash generated from operating activities (US$ millions) Sep 30, 2022 Jun 30, 2022 2122 Cash and cash equivalents, beginning 1593 8,634,495 6,099,908 of the period 1069 950 Net cash generated from operating 559 1,069,149 2,122,489 activities 3Q
Slide 7: Revenue by Geography
Total Revenue Analysis By Geography(1) Europe and Asia North America Chinese Mainland and Hong Kong，China 66.7% 68.3% 68.4% 69.4% 69.6% 20.3% 19.6% 19.0% 18.9% 20.5% 13.0% 12.1% 12.6% 11.7% 9.9% 3Q21 4Q21 1Q22 2Q22 3Q22 1,400 Revenue (US$ millions) 1,200 1,000 800 600 400 200 0 Chinese Mainland and
Slide 8: Wafer Revenue Analysis By Application
Wafer Revenue Analysis By Application Others Consumer Electronics Smart Home Smart Phone 31.5% 31.2% 28.7% 25.4% 26.0% 13.8% 16.2% 14.9% 12.5% 12.7% 24.1% 23.7% 23.1% 23.8% 23.3% 31.9% 32.4% 34.4% 34.6% 35.8% 3Q21 4Q21 1Q22 2Q22 3Q22 1,400 Revenue (US$ millions) 1,200 1,000 800 600 400 200 0 Smart P
Slide 9: Wafer Revenue Analysis By Size
Wafer Revenue Analysis By Size 12" wafers 8" wafers 34.9% 35.5% 33.5% 31.7% 31.6% 65.1% 64.5% 66.5% 68.3% 68.4% 3Q21 4Q21 1Q22 2Q22 3Q22 Revenue (US$ millions) 1,400 1,200 1,000 800 600 400 200 0 12" wafers 8" wafers 2Q22 3Q22 SMIC Financial Presentation 9
Slide 10: Capacity, Utilization and Shipment
Capacity, Utilization and Shipment 100.3% 99.4% 100.4% 97.1% Utilization Rate（1） 92.1% (8-inch equivalent wafers) Monthly Capacity 673,750 706,000 621,000 649,125 593,875 3Q21 4Q21 1Q22 2Q22 3Q22 3Q21 4Q21 1Q22 2Q22 3Q22 Wafer Shipments 1,719,743 1,723,360 1,840,189 1,886,530 1,797,671 (1)Capacity u
Slide 11: 4Q 2022 Guidance and 2022 Capex Guidance
4Q 2022 Guidance and 2022 Capex Guidance 4Q 2022 Guidance 2022 Capex Revenue -13% to -15% QoQ $6.6B Gross Margin 30% to 32% SMIC Financial Presentation 11
Slide 12: Appendix
Appendix SMIC Financial Presentation 12
Slide 13: 3Q Results vs Guidance
3Q Results vs Guidance 3Q 2022 Guidance 3Q 2022 Results Revenue +0% to +2% QoQ +0.2% QoQ Gross Margin 38% to 40% 38.9% SMIC Financial Presentation 13
Slide 14: Capital Expenditures & Depreciation
Capital Expenditures & Depreciation (US$ millions) 3Q21 4Q21 1Q22 2Q22 3Q22 Capex 1,081 2,130 869 1,672 1822 Depreciation & 480 508 534 557 576 Amortization SMIC Financial Presentation 14
Slide 15: Thank You!
Thank You! Contact us: ir@smics.com