Taiwan Semiconductor Manufacturing Co., Ltd. · TWSE:2330
Taiwan Semiconductor Manufacturing — Q1 2009 Earnings Presentation
14 slides from Taiwan Semiconductor Manufacturing's earnings presentation, May 4, 2009
Slide 1: TSMC 2009 First Quarter Investor Conference
TSMC 2009 First Quarter Investor Conference April 30, 2009
Slide 2: Agenda
Agenda Welcome Elizabeth Sun 1Q09 Financial Results and 2Q09 Outlook Lora Ho CEO Comments Rick Tsai Q&A Rick Tsai / Lora Ho
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 res
Slide 4: 1Q09 Financial Highlights
1Q09 Financial Highlights Total outstanding shares were 25,626mn units on 3/31/09 Annualized ROE for the quarter based on average equity attributable to shareholders of the parent.
Slide 5: 1Q09 Income Statement Summary
(in NT billons except otherwise noted) Net Sales Gross Margin Operating Expenses Operating Margin ‘Non-Operating Items. Long-Term investment Gains Taxes Net Income Net Margin EPS (NT Dollar) 4Q08 1008 QoQ YoY 64.56 87.48 38.8% 54.8% 31.3% 43.7% “12.4 ppt 24.8 ppt (6.17) (12) 23.3% 31.2% 18.6% 33.3%
Slide 6: 1Q09 Revenue by Applications
1Q09 Revenue by Applications
Slide 7: 1Q09 Revenue by Technology
1Q09 Revenue by Technology 0.25/0.35um 11% o.sum+ 0.15/0.48um, 0.11/0.13um, 21% z 3 é 90nm 16% 25% 15 65nm/40nm Revenue mm Rev (NTSB) x 1% 2 = 3 2 1007 2007 3007 4007 1008 2008 3008 4008 1008 —% of Sales 2 Open Innovation Platform™
Slide 8: Balance Sheets & Key Indices
Balance Sheets & Key Indices Asset productivity = Annualized net sales / Average net fixed assets. (1)
Slide 9: Cash Flows
Cash Flows Free cash flow = Operating cash flow - Capital expenditures. (1)
Slide 10: Installed Capacity
Figures represent number of 6" wafers. Conversion to 8"-equivalent wafers is obtained by dividing this number by 1.78. Figures represent number of 12" wafers. Conversion to 8"-equivalent wafers is obtained by multiplying this number by 2.25. Installed Capacity 2009 Overall Capacity +6%; Advanced Cap
Slide 11: Capital Expenditures
Capital Expenditures 1Q09 TSMC 161 XinTec and GUC 2 2 TSMC Shanghai & WaferTech 3 12 Other TSMC Subsidiaries 0 2 TSMC Consolidated 166 342 Note: 200801 CapEx was based on the weighted average exchange rate of NTS33.922 per US dollar. Open Innovation Platform
Slide 12: 2Q09 Guidance
2Q09 Guidance Revenue is expected to be between NT$71 billion and NT$74 billion, at a forecast exchange rate of 33.62 NT dollars to 1 US dollar averaged over 2Q09. Gross profit margin is expected to be between 43.5% and 45.5 %. Operating profit margin is expected to be between 30.5 % and 32.5 %. 200
Slide 13: Recap of Recent Major Events
Recap of Recent Major Events TSMC Qualifies New 0.18-Micron Embedded Flash Family ( 2009/03/31 ) Ciranova and TSMC Announce Strategic Partnership on Advanced PDK Technology ( 2009/03/24 ) Barron's Names Dr. Rick Tsai to its Most Respected CEO List ( 2009/03/23 ) Intel, TSMC Reach Agreement to Collab
Slide 14: Contact and Signatures
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: April 30, 200
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