Semiconductor Manufacturing International Corp. · HKEX:981

Semiconductor Manufacturing International — Q3 2023 Earnings Presentation

16 slides from Semiconductor Manufacturing International's earnings presentation, November 2023

  1. Slide 1: SMIC Q3 2023 Financial Presentation

    SMIC Q3 2023 Financial Presentation SEHK: 00981 SSE STAR MARKET: 688981 SMIC Investor Relations November 2023

  2. Slide 2: Forward-Looking Statements

    Forward-Looking Statements This presentation contains, in addition to historical information, forward-looking statements. These forward- looking statements are based on SMIC's current assumptions, expectations, beliefs, plans, objectives, and projections about future events or performance. SMIC uses

  3. Slide 3: 3Q23 Financial Highlights (unaudited)

    3Q23 Financial Highlights (unaudited)  Revenue was $1,620.6 million – Up 3.9% QoQ from $1,560.4 million in 2Q23 – Down 15.0% YoY from $1,907.0 million in 3Q22  Gross margin was 19.8% – Compared to 20.3% in 2Q23 – Compared to 38.9% in 3Q22  Profit from operations was $87.4 million – Compared to $7

  4. Slide 4: Income Statement

    Income Statement (US$ thousands) 3Q23 2Q23 QoQ 3Q22 YoY Revenue 1,620,577 1,560,396 3.9% 1,906,956 -15.0% Gross profit 321,620 316,500 1.6% 742,216 -56.7% Gross margin 19.8% 20.3% 38.9% Operating income(expenses) (234,232) (236,702) -1.0% (264,297) -11.4% Research & development (172,836) (177,633) -

  5. Slide 5: Capital Structure

    Capital Structure (US$ thousands) As of Sep 30, 2023 Jun 30, 2023 Cash and cash equivalents 6,953,613 7,559,268 Restricted cash 403,692 388,837 Financial assets at fair value through profit or loss - current (1) 145,378 102,571 Financial assets at amortised cost(2) 9,854,698 10,287,903 Total cash on

  6. Slide 6: Cash Flow

    Cash Flow (US$ thousands) For the three months ended Net cash generated from operating activities (US$ millions) Sep 30, 2023 Jun 30, 2023 1069 Cash and cash equivalents, beginning 802 796 801 7,559,268 8,703,465 of the period 563 Net cash generated from operating 800,701 796,185 activities 3Q22 4Q2

  7. Slide 7: Revenue by Geography

    Total Revenue By Geography(1) Eurasia America China 75.1% 69.1% 75.5% 79.6% 84.0% 20.5% 25.3% 19.6% 17.6% 12.9% 4.4% 5.6% 4.9% 2.8% 3.1% 3Q22 4Q22 1Q23 2Q23 3Q23 1,400 Revenue (US$ millions) 1,200 1,000 800 600 400 200 0 China America Eurasia 2Q23 3Q23 (1) Presenting the revenue to those companies w

  8. Slide 8: Wafer Revenue by Application

    Wafer Revenue By Application Others Consumer Electronics Internet of Things Smart Phone 26.0% 28.6% 23.5% 26.8% 25.9% 16.6% 11.9% 11.5% 20.6% 15.0% 26.5% 24.1% 24.2% 26.7% 25.9% 32.2% 33.2% 34.8% 38.5% 27.5% 3Q22 4Q22 1Q23 2Q23 3Q23 1,400 Revenue (US$ millions) 1,200 1,000 800 600 400 200 0 Smart Ph

  9. Slide 9: Wafer Revenue by Size

    Wafer Revenue By Size 12" wafers 8" wafers 31.6% 28.1% 25.3% 26.0% 35.6% 68.4% 71.9% 74.7% 74.0% 64.4% 3Q22 4Q22 1Q23 2Q23 3Q23 1,400 Revenue (US$ millions) 1,200 1,000 800 600 400 200 0 12" wafers 8" wafers 2Q23 3Q23 SMIC Financial Presentation 9

  10. Slide 10: Capacity, Utilization and Shipment

    Capacity, Utilization and Shipment 92.1% Utilization Rate（1） 79.5% 68.1% 78.3% 77.1% (8-inch equivalent wafers) Monthly Capacity 754,250 795,750 706,000 714,000 732,250 3Q22 4Q22 1Q23 2Q23 3Q23 3Q22 4Q22 1Q23 2Q23 3Q23 Wafer Shipments 1,797,671 1,574,068 1,251,715 1,403,121 1,536,845 (1)Capacity uti

  11. Slide 11: 4Q 2023 Guidance

    4Q 2023 Guidance 4Q 2023 Guidance Revenue +1% to +3% QoQ Gross Margin 16% to 18% SMIC Financial Presentation 11

  12. Slide 12: 2023 Guidance

    2023 Guidance 2023 Guidance Capex Raise to around $ 7.5 billion SMIC Financial Presentation 12

  13. Slide 13: Appendix

    Appendix SMIC Financial Presentation 13

  14. Slide 14: 3Q Results vs Guidance

    3Q Results vs Guidance 3Q 2023 Guidance 3Q 2023 Results Revenue +3% to +5% QoQ +3.9% QoQ Gross Margin 18% to 20% 19.8% SMIC Financial Presentation 14

  15. Slide 15: Capital Expenditures & Depreciation

    Capital Expenditures & Depreciation (US$ millions) 3Q22 4Q22 1Q23 2Q23 3Q23 Capex 1,822 1,987 1,259 1,732 2,135 Depreciation & 576 604 631 656 679 Amortization SMIC Financial Presentation 15

  16. Slide 16: Thank You!

    Thank You! Contact us: ir@smics.com

Semiconductor Manufacturing International Corporation (SMIC) — Q3 2023 Earnings Presentation on 6ix