Taiwan Semiconductor Manufacturing Co., Ltd. · TWSE:2330
Taiwan Semiconductor Manufacturing — Q3 2005 Earnings Presentation
23 slides from Taiwan Semiconductor Manufacturing's earnings presentation, Oct 31, 2005
Slide 1: Revenue Analysis
Revenue Analysis: Net sales increased 18.4% to NT$69.26 billion compared to NT$58.52 billion in the second quarter 2005. The increase in third quarter revenue mainly resulted from a 19.8% increase of wafer shipments, a 2.6% appreciation of the US dollar against the local currency, and a 4.9% decline
Slide 2: Capacity, Utilization and Profit & Expense Analysis
II.2. Capacity 1Q05 2Q05 3Q05 4Q05 2005 Fab / (Wafer size) (Act.) (Act.) (Act.) (Fcst.) (Fcst.) Fab-2 (6") 1 Fab-3 (8") Fab-5 (8") Fab-6 (8") Fab-7 (8") Fab-8 (8") Fab-12 (12") 2 Fab-14 (12") 2 TSMC — owned capacity 8"-equivalent Kpcs 1,180 1,292 1,374 1,437 5,282 Wafer Tech (8") SSMC (8") TSMC (Sha
Slide 3: Debt Service and Cash Flow Analysis
IV — 3. Debt Service (Amount: NT$ billion) 3Q05 2Q05 3Q04 Cash & S-T Investments 107.3 128.0 116.5 Interest-Bearing Debt 30.0 30.0 35.0 Net Cash Reserves 77.3 98.0 81.5 Liquidity Analysis: Cash & short-term investments declined NT$20.7 billion in this quarter mainly due to payments of cash dividends
Slide 4: Capital Expenditure and Cash Flow Summary
V — 3. Capital Expenditure TSMC US$275 m TSMC (Shanghai) US$44 m WaferTech US$0 m TSMC & Affiliates US$319 m Summary of Cash Flow: During this quarter, TSMC generated NT$37.9 billion operating cash inflow, mainly from net income of NT$24.5 billion and depreciation & amortization of NT$17.1 billion,
Slide 5: TSMC 2005 Third Quarter Results Investor Conference
TSMC 2005 Third Quarter Results Investor Conference October 27th, 2005
Slide 6: Agenda
Agenda Welcome 2005 3Q Financial Results Lora Ho, CFO (unconsolidated) Remarks Rick Tsai, CEO Q&A
Slide 7: 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 8: 3Q'05 Result Highlights
* Annualized ROE for the quarter. 3Q'05 Result Highlights
Slide 9: Income Statement - QoQ Comparison
Income Statement - QoQ Comparison
Slide 10: Income Statement - YoY Comparison
Income Statement - YoY Comparison
Slide 11: Balance Sheet & Key Indices
Balance Sheet & Key Indices (Amount: N75 bilion) Selected Items from 3Q05 2005 30°04 Balance Sheet ‘Amount % ‘Amount % ‘Amount__% Total Assets 483.1 100% 499.4 100% 4625 100% Cash & S-T Investments 1073 22% 1280 26% = 118.5 25% Accounts Receivable - Trade 312 301 6% 330 7% Inventory 151% 141 3% 12.6
Slide 12: Cash Flows
Cash Flows =. 3Q05 2005 30'04 Amourt:NTS bilion Amount Amount Amount - Net Income 245 18.4 29 - Depreciation & Ammartization 414 ant 184 - Other On Sourcesi(Uses) en es 64) From Operation 79 277 98.2 - Capital Expenditure 1) 13.0) 168.5) - ST Investiment 06 22 49) - LT Investment 7 or) m9 + Other In
Slide 13: Installed Capacity by Fab
Note: 1 Figures represent number of 6" wafers. Conversion to 8"-equivalent wafers is by dividing this number by 1.78. 2 Figures represent number of 12" wafers. Conversion to 8"-equivalent wafers is by multiplying this number by 2.25. Installed Capacity by Fab
Slide 14: Capital Expenditures
Capital Expenditures 2005 CapEx is expected to remain in the range of US$2.5 -2.7 billion
Slide 15: Sales Breakdown by Technology
Sales Breakdown by Technology
Slide 16: Sales Breakdown by Application
Sales Breakdown by Application
Slide 17: Sales Breakdown by Geography
Note: This chart does not reflect the actual shipment destination of sales. Sales Breakdown by Geography
Slide 18: Sales Breakdown by Customer
™ Sales Breakdown by Customer _ (FablessiSystem oIDM 100% 75% 50% 25% : : : a : 0% 1904 2004 3004 4004 1005 2005 3005 Empowering Innovation
Slide 19: Improved Cost Structure Contributing to Higher Gross Margin
Improved Cost Structure Contributing to Higher Gross Margin Source: TSMC quarterly financials based on ROC GAAP (unconsolidated)
Slide 20: 4Q'05 Guidance
4Q'05 Guidance Revenues to be between NT$77 billion and NT$79 billion; Overall utilization rate to be about 100%; Gross profit margin to reach between 47% and 49%; Operating profit margin to be approximately 40%.
Slide 21: Recap of Recent Major Events - 1/2
Recap of Recent Major Events - 1/2 TSMC ranks #11 of BusinessWeek's "Top 150 Leading Asian Companies" ( 2005/10/24 ) TSMC joins IMEC's sub-45nm CMOS R&D project ( 2005/10/18 ) TSMC is voted the "Most Admired Company" by CommonWealth Magazine ( 2005/10/13 ) TSMC produces industry's first 1.3 megapixe
Slide 22: Recap of Recent Major Events - 2/2
Recap of Recent Major Events - 2/2 TSMC enters volume production of 90nm graphics chips for ATI ( 2005/09/26 ) TSMC R&D team receives first Outstanding Nano-Tech Award from Ministry of Economic Affairs of Republic of China ( 2005/09/21 ) TSMC recognizes its suppliers at 2005 SCM Forum ( 2005/09/15 )
Slide 23: 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: October 27, 2
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