Taiwan Semiconductor Manufacturing Co., Ltd. · TWSE:2330
Taiwan Semiconductor Manufacturing — Q3 2019 Earnings Presentation
11 slides from Taiwan Semiconductor Manufacturing's earnings presentation, Oct 17, 2019
Slide 1: 2019 Third Quarter Earnings Conference
2019 Third Quarter Earnings Conference October 17, 2019
Slide 2: Agenda
Agenda Welcome Elizabeth Sun 3Q19 Financial Results and 4Q19 Outlook Wendell Huang Key Messages Wendell Huang C.C. Wei Q&A
Slide 3: 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 resu
Slide 4: Statements of Comprehensive Income
Statements of Comprehensive Income
Slide 5: 3Q19 Revenue by Technology
3Q19 Revenue by Technology = 0.15/0.18um, %o 0.14/0.43um 9 16nm and Below Revenue % g 0.25um and above 2% 100 Revenue (NTSB) 10nm 2Q17 3Q17 4Q17 1018 2018 3018 4Q18 1019 2019 3Q19 2% a =46nm =40nm = =7nm Open Innovation Platform®
Slide 6: 3Q19 Revenue by Platform
3Q19 Revenue by Platform Growth rate by Platform (QoQ) Automotive DCE loT 5% Others 4% +35% +33% +20% Smartphone 49% +10% DCE Others Smartphone loT 1% 0% HPC Automotive
Slide 7: Balance Sheets & Key Indices
Balance Sheets & Key Indices Selected Items from Balance Sheets 3Q19 2Q19 3Q18 (In NTS billions) Amount % Amount % Amount % Cash & Marketable Securities 584.02 27.4% 76462 34.1% 60402 20.7% Accounts Recelvable 145.42 68% 116.13 5.2% 129.54 6.6% Inventories 96.69 45% 108.23 48% 105.34 5.3% Long-term
Slide 8: Cash Flows
Cash Flows Free cash flow = Cash from operating activities – Capital expenditures (1)
Slide 9: 4Q19 Guidance
Revenue to be between US$ 10.2 billion and US$ 10.3 billion Based on our current business outlook, management expects: 4Q19 Guidance And, based on the exchange rate assumption of 1 US dollar to 30.6 NT dollars, management expects: Gross profit margin to be between 48% and 50% Operating profit margin
Slide 10: Recap of Recent Major Events
Recap of Recent Major Events Please visit TSMC's website (http://www.tsmc.com) and Market Observation Post System (http://mops.twse.com.tw) for details and other announcements TSMC’s N7+ Technology is First EUV Process Delivering Customer Products to Market in High Volume ( 2019/10/07 ) TSMC Files C
Slide 11: tsmc.com / invest@tsmc.com
http://www.tsmc.com invest@tsmc.com
Taiwan Semiconductor Manufacturing — Q3 2019 Earnings Presentation on 6ix