Taiwan Semiconductor Manufacturing Co., Ltd. · TWSE:2330
Taiwan Semiconductor Manufacturing — Q3 2009 Earnings Presentation
15 slides from Taiwan Semiconductor Manufacturing's earnings presentation, Oct 30, 2009
Slide 1: Operating and Free Cash Flows, CapEx & Capacity
Operating and Free Cash Flows: Cash flows generated from operating activities were NT$46.66 billion during the quarter. Free cash flow, defined as the excess of operating cash flows over capital expenditures, totaled NT$14.62 billion in 3Q09, compared to NT$17.10 billion in 2Q09. V. CapEx & Capacity
Slide 2: 2009 Third Quarter Investor Conference October 29, 2009
TSMC 2009 Third Quarter Investor Conference October 29, 2009
Slide 3: Agenda
Agenda Welcome Elizabeth Sun 3Q09 Financial Results and 4Q09 Outlook Lora Ho CEO Comments Morris Chang Q&A Morris Chang / Lora Ho
Slide 4: Safe Harbor Notice
Safe Harbor Notice TSMC's statements of its current expectations are forward- looking statements subject to significant risks and uncertainties and actual results may differ materially from those contained in the forward-looking statements. Information as to those factors that could cause actual res
Slide 5: 3Q09 Financial Highlights
TSMC Property 3Q09 Financial HighligQ g ghts 4Q07 4Q07 QoQ YoY 3Q09 3Q09 2Q09 3Q08 QoQ YoY (In NT billions except otherwise noted) Results Guidance Net Sales 93.86 92 - 94 5.5% 25.2% 47 8% 46% +2 +1 8 (In NT billions except otherwise noted) Guidance Actual Actual Net Sales 89.94 88 - 90 74.21 92.98
Slide 6: Income Statements
Income Statements TSMC Property (In NT billions except otherwise noted) 3Q09 2Q09 3Q08 QoQ YoY Net Sales 89.94 74.21 92.98 21.2% -3.3% Gross Margin 47.7% 46.2% 46.3% +1.5 ppt +1.4 ppt Operating Expenses (10.87) (9.17) (10.18) 18.6% 6.9% Operating Margin 35.6% 33.9% 35.4% +1.7 ppt +0.2 ppt Non-Operat
Slide 7: 3Q09 Revenue by Applications
TSMC Property 3Q09 Revenue by Q y Applications Cons mer Industrial/Others 6% Consumer 18% Computer 30% Communications 46% 40.0 QoQ +25% Communications 40.0 Computer 40.0 Consumer e (NT$B) e (NT$B) QoQ +29% e (NT$B) Revenu Revenu Revenu QoQ +11% (C) 2009 TSMC, Ltd 0.0 2Q09 3Q09 0.0 2Q09 3Q09 0.0 2Q09
Slide 8: 3Q09 Revenue by Technology
TSMC Property 3Q09 Revenue by Technology 0.5um+ 3% 0.25/0.35um 9% 40nm 4% 30 40% 65nm/40nm Revenue 0.15/0.18um 21% 65nm 15 20 25 e (NT$B) 20% 30% % of Sa 0.11/0.13um 14% 90nm 18% 31% 5 10 Revenue 10% ales (%) 0 1Q07 3Q07 1Q08 3Q08 1Q09 3Q09 0% Rev (NT$B) % of Sales (C) 2009 TSMC, Ltd
Slide 9: Balance Sheets & Key Indices
TSMC Property Balance Sheets & Key Indices Selected Items from Balance Sheets ( In NT billions excepted otherwise noted) Amount % Amount % Amount % 3Q09 2Q09 3Q08 p ) Cash & Marketable Securities 180.32 33.3% 246.77 42.0% 158.17 28.7% Accounts Receivable - Trade 35.88 6.6% 33.38 5.7% 45.33 8.2% Inve
Slide 10: Cash Flows
TSMC Property Cash Flows (In NT billions except otherwise noted) 3Q09 2Q09 3Q08 Beginning Balance 239.52 223.26 185.35 Cash from operating activities 46.66 24.52 55.90 Capital expenditures (32.04) (7.42) (10.38) Cash dividends (76.88) 0.00 (76.78) Share buyback 0.00 0.00 (23.81) Short-term investmen
Slide 11: Installed Capacity
TSMC Property Installed Capacity 2009 6%; Overall Capacity +Advanced Capacity +11% 2009 (F) 1Q09 (A) 2Q09 (A) 3Q09 (A) 4Q09 FAB / (Wafer size) 2008 (F) (A) Fab-2 ( 6") (1) 1,056 274 280 283 283 1,121 Fab-3 ( 8") 1,100 286 289 292 283 1,150 Fab-5 ( 8") 650 162 149 144 144 599 Fab-6 ( 8") 1,082 295 28
Slide 12: Capital Expenditures
TSMC Property Capital Expenditures (In US millions) 1Q09 2Q09 3Q09 YTD TSMC 161 218 963 1,342 XinTec and GUC 2 3 6 11 TTSSMMCC CShhai ng&haWi & fWaTaferhTech 3 3 0 6 Other TSMC Subsidiaries 0 0 2 2 TSMC China & WaferTech TSMC Consolidated 166 224 971 1,361 Note: 2009 CapEx was based on the weighted
Slide 13: 4Q09 Guidance
4Q09 Guidance Revenue is expected to be between NT$90 billion and NT$92 billion, at a forecast exchange rate of 32.10 NT dollars to 1 US dollar averaged over 4Q09. Gross profit margin is expected to be between 47% and 48.5 %. Operating profit margin is expected to be between 35.5 % and 37 %. 2009 ca
Slide 14: Recap of Recent Major Events
Recap of Recent Major Events TSMC Collaborates With Suppliers To Complete Taiwan's First Supply Chain Carbon Inventory (2009/09/21) Fujitsu Microelectronics and TSMC To Collaborate On 28nm Process Technology (2009/08/27) TSMC Has Become the First Foundry Not Only To Achieve 28nm Functional 64Mb SRAM
Slide 15: http://www.tsmc.com invest@tsmc.com
http://www.tsmc.com invest@tsmc.com SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Taiwan Semiconductor Manufacturing Company Ltd. Date: October 29, 2
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