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

Taiwan Semiconductor Manufacturing — Q4 2024 Earnings Presentation

14 slides from Taiwan Semiconductor Manufacturing's earnings presentation, Jan 16, 2025

  1. Slide 1: 2024 Fourth Quarter Earnings Conference

    Unleash Innovation Unleash Innovation 2024 Fourth Quarter Earnings Conference January 16, 2025 © 2025 TSMC, Ltd 0 TSMC Property

  2. Slide 2: Agenda

    Unleash Innovation Agenda • Welcome Jeff Su, IR Director • 4Q24 Financial Results and 1Q25 Outlook Wendell Huang, CFO • Key Messages Wendell Huang, CFO C.C. Wei, Chairman & CEO • Q&A © 2025 TSMC, Ltd 1 TSMC Property

  3. 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

  4. Slide 4: Statements of Comprehensive Income

    Unleash Innovation Statements of Comprehensive Income Selected Items from Statements of Comprehensive Income 4Q24 4Q24 4Q24 4Q24 3Q24 4Q23 Over Over Guidance 3Q24 4Q23 (In NT$ billions unless otherwise noted) Net Revenue (US$ billions) 26.88 26.1-26.9 23.50 19.62 +14.4% +37.0% Net Revenue 868.46 759

  5. Slide 5: 4Q24 Revenue by Technology

    Unleash Innovation 4Q24 Revenue by Technology 7nm and Below Revenue 90nm 0.11/0.13um 65nm 1% 2% 40/45nm 4% 0.15/0.18um 600 3% 3% 550 0.25um and above 500 28nm 0% 450 Revenue (NT$B) 16nm 6% 400 7% 3nm 350 7nm 26% 300 14% 250 200 5nm 34% 150 100 50 - 1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3

  6. Slide 6: Revenue by Technology

    Unleash Innovation Revenue by Technology 2024 2023 0.11/0.13um 0.11/0.13um 90nm 2% 90nm 2% 0.15/0.18um 65nm 0.15/0.18um 65nm 1% 1% 40/45nm 4% 4% 5% 0.25um and above 40/45nm 6% 0.25um and above 20nm 4% 1% 6% 1% 0% 3nm 28nm 6% 16nm 7% 3nm 28nm 20nm 10% 8% 18% 1% 16nm 5nm 7nm 33% 10% 17% 5nm 7nm 34% 19

  7. Slide 7: 4Q24 Revenue by Platform

    Unleash Innovation 4Q24 Revenue by Platform Growth Rate by Platform (QoQ) Automotive IoT DCE 4% 5% 1% Others +19% 2% +17% Smartphone +6% 35% HPC +2% 53% IoT DCE HPC Smartphone Automotive Others -6% -15% © 2025 TSMC, Ltd 6 TSMC Property

  8. Slide 8: 2024 Revenue by Platform

    Unleash Innovation 2024 Revenue by Platform Growth rate by Platform (YoY) Automotive DCE 5% +58% IoT 1% Others 6% 2% Smartphone 35% HPC +23% 51% +2% +4% +2% Others HPC Smartphone IoT Automotive DCE -14% © 2025 TSMC, Ltd 7 TSMC Property

  9. Slide 9: Balance Sheets & Key Indices

    Unleash Innovation Balance Sheets & Key Indices Selected Items from Balance Sheets 4Q24 3Q24 4Q23 (In NT$ b illions) Amount % Amount % Amount % Cash & Marketable Securities 2,422.02 36.2% 2,167.60 35.2% 1,687.65 30.5% Accounts Receivable 272.09 4.1% 249.97 4.1% 201.94 3.7% Inventories 287.86 4.3% 29

  10. Slide 10: Cash Flows

    Unleash Innovation Cash Flows (In NT$ billions) 4Q24 3Q24 4Q23 Beginning Balance 1,886.78 1,799.13 1,311.81 Cash from operating activities 620.21 391.99 394.83 Capital expenditures (361.95) (207.08) (170.16) Cash dividends (103.73) (90.76) (77.80) Bonds payable (1.75) (5.25) 9.80 Investments and oth

  11. Slide 11: 2024 Financial Highlights

    Unleash Innovation 2024 Financial Highlights 2024 2023 YoY (In NT$ billions unless otherwise noted) Net Revenue (US$ billions) 90.08 69.30 +30.0% Net Revenue 2,894.31 2,161.74 +33.9% Gross Margin 56.1% 54.4% +1.7 ppts Operating Margin 45.7% 42.6% +3.1 ppts Income before Tax 1,405.84 979.17 +43.6% EP

  12. Slide 12: 1Q25 Guidance

    Unleash Innovation 1Q25 Guidance Based on our current business outlook, management expects: ◼ Revenue to be between US$25.0 billion and US$25.8 billion And, based on the exchange rate assumption of 1 US dollar to 32.8 NT dollars, management expects: ◼ Gross profit margin to be between 57% and 59% ◼

  13. Slide 13: Recap of Recent Major Events

    Recap of Recent Major Events Unleash Innovation • TSMC 2024 Supply Chain Management Forum Presents Awards to Outstanding Suppliers (2024/12/02) • TSMC Marked a Significant Milestone in Sustainable Manufacturing with the Inauguration of the Taichung Zero Waste Manufacturing Center (2024/11/13) • TSMC

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

    Unleash Innovation https://www.tsmc.com invest@tsmc.com © 2025 TSMC, Ltd 13 TSMC Property

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