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

Taiwan Semiconductor Manufacturing — Q4 2023 Earnings Presentation

14 slides from Taiwan Semiconductor Manufacturing's earnings presentation, Jan 19, 2024

  1. Slide 1: 2023 Fourth Quarter Earnings Conference

    Unleash Innovation Unleash Innovation 2023 Fourth Quarter Earnings Conference January 18, 2024 © 2024 TSMC, Ltd 0 TSMC Property

  2. Slide 2: Agenda

    Unleash Innovation Agenda • Welcome Jeff Su, IR Director • 4Q23 Financial Results and 1Q24 Outlook Wendell Huang, CFO • Key Messages Wendell Huang, CFO C.C. Wei, CEO Mark Liu, Chairman • Q&A © 2024 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 4Q23 4Q23 4Q23 4Q23 3Q23 4Q22 Over Over Guidance 3Q23 4Q22 (In NT$ billions unless otherwise noted) Net Revenue (US$ billions) 19.62 18.8-19.6 17.28 19.93 +13.6% -1.5% Net Revenue 625.53 546.

  5. Slide 5: 4Q23 Revenue by Technology

    Unleash Innovation 4Q23 Revenue by Technology 7nm and Below Revenue 90nm 0.11/0.13um 1% 3% 0.15/0.18um 65nm 400 5% 4% 40/45nm 350 0.25um and above 4% 28nm 1% 300 Revenue (NT$B) 7% 3nm 16nm 250 15% 8% 200 7nm 5nm 150 17% 35% 100 50 - 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23 7nm 5nm

  6. Slide 6: Revenue by Technology

    Unleash Innovation Revenue by Technology 2023 2022 0.11/0.13um 0.11/0.13um 90nm 2% 0.15/0.18um 90nm 0.15/0.18um 65nm 1% 3% 5% 65nm 2% 6% 40/45nm 6% 0.25um and above 5% 0.25um and above 6% 1% 1% 40/45nm 3nm 7% 28nm 6% 20nm 10% 28nm 5nm 1% 10% 26% 16nm 5nm 10% 33% 16nm 7nm 13% 7nm 19% 27% © 2024 TSMC,

  7. Slide 7: 4Q23 Revenue by Platform

    Unleash Innovation 4Q23 Revenue by Platform Growth Rate by Platform (QoQ) Automotive 5% DCE IoT 2% 5% Others +27% 2% +17% +13% IoT DCE Others Smartphone HPC 43% 43% HPC Smartphone Automotive -16% -29% -35% © 2024 TSMC, Ltd 6 TSMC Property

  8. Slide 8: 2023 Revenue by Platform

    Unleash Innovation 2023 Revenue by Platform Growth rate by Platform (YoY) Automotive DCE 6% 2% Others +15% IoT 8% 3% +0% Smartphone IoT DCE Others Smartphone HPC 38% 43% HPC Automotive -6% -8% -16% -17% © 2024 TSMC, Ltd 7 TSMC Property

  9. Slide 9: Balance Sheets & Key Indices

    Unleash Innovation Balance Sheets & Key Indices Selected Items from Balance Sheets 4Q23 3Q23 4Q22 (In NT$ b illions) Amount % Amount % Amount % Cash & Marketable Securities 1,687.65 30.5% 1,551.32 28.3% 1,561.49 31.4% Accounts Receivable 201.94 3.7% 222.83 4.1% 231.34 4.7% Inventories 250.99 4.5% 26

  10. Slide 10: Cash Flows

    Unleash Innovation Cash Flows (In NT$ billions) 4Q23 3Q23 4Q22 Beginning Balance 1,311.81 1,276.72 1,296.01 Cash from operating activities 394.83 294.65 486.88 Capital expenditures (170.16) (226.62) (336.84) Cash dividends (77.80) (71.30) (71.30) Bonds payable 9.80 9.80 5.80 Investments and others (

  11. Slide 11: 2023 Financial Highlights

    Unleash Innovation 2023 Financial Highlights 2023 2022 YoY (In NT$ billions unless otherwise noted) Net Revenue (US$ billions) 69.30 75.88 -8.7% Net Revenue 2,161.74 2,263.89 -4.5% Gross Margin 54.4% 59.6% -5.2 ppts Operating Margin 42.6% 49.5% -6.9 ppts Income before Tax 979.17 1,144.19 -14.4% EPS

  12. Slide 12: 1Q24 Guidance

    Unleash Innovation 1Q24 Guidance Based on our current business outlook, management expects: ◼ Revenue to be between US$18.0 billion and US$18.8 billion And, based on the exchange rate assumption of 1 US dollar to 31.1 NT dollars, management expects: ◼ Gross profit margin to be between 52% and 54% ◼

  13. Slide 13: Recap of Recent Major Events

    Recap of Recent Major Events Unleash Innovation • TSMC Announces Dr. Mark Liu Not to Participate in Next Board of Directors Election (2023/12/19) • WaferTech Celebrates its Name Change to TSMC Washington (2023/12/15) • TSMC 2023 Supply Chain Management Forum Presents Awards to Outstanding Suppliers

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

    Unleash Innovation https://www.tsmc.com invest@tsmc.com © 2024 TSMC, Ltd 13 TSMC Property

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