Taiwan Semiconductor Manufacturing Co., Ltd. · TWSE:2330
Taiwan Semiconductor Manufacturing — Q1 2023 Earnings Presentation
11 slides from Taiwan Semiconductor Manufacturing's earnings presentation, Apr 20, 2023
Slide 1: 2023 First Quarter Earnings Conference
Unleash Innovation Unleash Innovation 2023 First Quarter Earnings Conference April 20, 2023 © 2023 TSMC, Ltd 0 TSMC Property
Slide 2: Agenda
Unleash Innovation Agenda • Welcome Jeff Su, IR Director • 1Q23 Financial Results and 2Q23 Outlook Wendell Huang, CFO • Key Messages Wendell Huang, CFO C.C. Wei, CEO • Q&A © 2023 TSMC, Ltd 1 TSMC Property
Slide 3: Safe Harbor Notice
Unleash Innovation Safe Harbor Notice • 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. • Information as to those factors that
Slide 4: Statements of Comprehensive Income
Unleash Innovation Statements of Comprehensive Income Selected Items from Statements of Comprehensive Income 1Q23 1Q23 1Q23 1Q23 4Q22 1Q22 Over Over (In NT$ billions unless otherwise noted) Guidance 4Q22 1Q22 Net Revenue (US$ billions) 16.72 16.7-17.5 19.93 17.57 -16.1% -4.8% Net Revenue 508.63 625.
Slide 5: 1Q23 Revenue by Technology
Unleash Innovation 1Q23 Revenue by Technology 7nm and Below Revenue 90nm 0.11/0.13um 2% 0.15/0.18um 300 65nm 2% 5% 6% 0.25um and above 250 40/45nm 1% 7% Revenue (NT$B) 200 28nm 12% 5nm 20nm 150 31% 1% 16nm 100 13% 7nm 20% 50 - 7nm 5nm © 2023 TSMC, Ltd 4 TSMC Property
Slide 6: 1Q23 Revenue by Platform
Unleash Innovation 1Q23 Revenue by Platform Growth Rate by Platform (QoQ) Automotive DCE 7% +5% IoT 2% Others 9% 4% HPC Smartphone IoT DCE Others Automotive -5% Smartphone HPC 34% 44% -14% -19% -18% -27% © 2023 TSMC, Ltd 5 TSMC Property
Slide 7: Balance Sheets & Key Indices
Unleash Innovation Balance Sheets & Key Indices Selected Items from Balance Sheets 1Q23 4Q22 1Q22 (In NT$ b illions) Amount % Amount % Amount % Cash & Marketable Securities 1,589.19 31.6% 1,561.49 31.4% 1,282.06 32.1% Accounts Receivable 148.05 2.9% 231.34 4.7% 213.43 5.3% Inventories 216.07 4.3% 22
Slide 8: Cash Flows
Unleash Innovation Cash Flows (In NT$ billions) 1Q23 4Q22 1Q22 Beginning Balance 1,342.81 1,296.01 1,064.99 Cash from operating activities 385.24 486.88 372.17 Capital expenditures (302.50) (336.84) (262.13) Cash dividends (71.30) (71.30) (71.31) Short-term loans 0.00 0.00 30.53 Bonds payable 7.30 5
Slide 9: 2Q23 Guidance
Unleash Innovation 2Q23 Guidance Based on our current business outlook, management expects: ◼ Revenue to be between US$ 15.2 billion and US$ 16.0 billion And, based on the exchange rate assumption of 1 US dollar to 30.4 NT dollars, management expects: ◼ Gross profit margin to be between 52% and 54%
Slide 10: Recap of Recent Major Events
Unleash Innovation Recap of Recent Major Events • TSMC Board of Directors Approved NT$2.75 Cash Dividend for the Fourth Quarter of 2022 and Set June 15 as the Ex-Dividend Date, June 21 as the Record Date and July 13, 2023 as the Distribution Date (2023/02/14) • TSMC Board of Directors Approved the I
Slide 11: tsmc.com invest@tsmc.com
Unleash Innovation https://www.tsmc.com invest@tsmc.com © 2023 TSMC, Ltd 10 TSMC Property
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