12 slides from Taiwan Semiconductor Manufacturing's earnings presentation, Jul 17, 2025
Slide 1: 2025 Second Quarter Earnings Conference
Unleash Innovation Unleash Innovation 2025 Second Quarter Earnings Conference July 17, 2025 © 2025 TSMC, Ltd 0 TSMC Property
Slide 2: Agenda
Unleash Innovation Agenda • Welcome Jeff Su, IR Director • 2Q25 Financial Results and 3Q25 Outlook Wendell Huang, CFO • Key Messages Wendell Huang, CFO C.C. Wei, Chairman & CEO • Q&A © 2025 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 2Q25 2Q25 2Q25 2Q25 1Q25 2Q24 Over Over Guidance 1Q25 2Q24 (In NT$ billions unless otherwise noted) Net Revenue (US$ billions) 30.07 28.4-29.2 25.53 20.82 +17.8% +44.4% Net Revenue 933.79 839
Slide 5: 2Q25 Revenue by Technology
Unleash Innovation 2Q25 Revenue by Technology 7nm and Below Revenue 90nm 0.11/0.13um 65nm 1% 2% 0.15/0.18um 40/45nm 3% 600 3% 3% 16/20nm 550 7% 0.25um and above 500 28nm 0% 450 7% Revenue (NT$B) 400 3nm 350 7nm 24% 300 14% 250 5nm 200 36% 150 100 50 - 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q2
Slide 6: 2Q25 Revenue by Platform
Unleash Innovation 2Q25 Revenue by Platform Growth Rate by Platform (QoQ) IoT Automotive 5% DCE 5% 1% Others +30% 2% Smartphone 27% HPC 60% +14% +14% +7% +6% +0% HPC Smartphone IoT Automotive DCE Others © 2025 TSMC, Ltd 5 TSMC Property
Slide 7: Balance Sheets & Key Indices
Unleash Innovation Balance Sheets & Key Indices Selected Items from Balance Sheets 2Q25 1Q25 2Q24 (In NT$ b illions) Amount % Amount % Amount % Cash & Marketable Securities 2,634.43 37.6% 2,703.09 37.9% 2,048.64 34.3% Accounts Receivable 235.69 3.4% 243.95 3.4% 210.21 3.5% Inventories 304.19 4.3% 29
Slide 8: Cash Flows
Unleash Innovation Cash Flows (In NT$ billions) 2Q25 1Q25 2Q24 Beginning Balance 2,394.80 2,127.63 1,698.20 Cash from operating activities 497.07 625.57 377.67 Capital expenditures (297.22) (330.83) (205.68) Cash dividends (116.70) (103.72) (90.76) Bonds payable 3.70 16.20 11.50 Investments and othe
Slide 9: 3Q25 Guidance
Unleash Innovation 3Q25 Guidance Based on our current business outlook, management expects: ◼ Revenue to be between US$31.8 billion and US$33.0 billion And, based on the exchange rate assumption of 1 US dollar to 29.0 NT dollars, management expects: ◼ Gross profit margin to be between 55.5% and 57.5
Slide 10: Future Outlook
Unleash Innovation Future Outlook Based on our current business outlook, management expects: ◼ 2025 revenue to increase by around 30% in US dollar terms © 2025 TSMC, Ltd 9 TSMC Property
Slide 11: Recap of Recent Major Events
Recap of Recent Major Events Unleash Innovation • “TSMC-UTokyo Lab” Launched to Promote Advanced Semiconductor Research, Education and Talent Incubation (2025/06/12) • TSMC Board of Directors Approved NT$5.00 Cash Dividend for the First Quarter of 2025 and Set September 16, 2025 as Ex-Dividend Date,
Slide 12: https://www.tsmc.com invest@tsmc.com
Unleash Innovation https://www.tsmc.com invest@tsmc.com © 2025 TSMC, Ltd 11 TSMC Property