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

Taiwan Semiconductor Manufacturing — Q1 2022 Earnings Presentation

11 slides from Taiwan Semiconductor Manufacturing's earnings presentation, Apr 14, 2022

  1. Slide 1: 2022 First Quarter Earnings Conference

    Unleash Innovation Unleash Innovation 2022 First Quarter Earnings Conference April 14, 2022 © 2022 TSMC, Ltd 0 TSMC Property

  2. Slide 2: Agenda

    Unleash Innovation Agenda • Welcome Jeff Su, IR Director • 1Q22 Financial Results and 2Q22 Outlook Wendell Huang, CFO • Key Messages Wendell Huang, CFO C.C. Wei, CEO • Q&A © 2022 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

    Statements of Comprehensive Income Unleash Innovation Selected Items from Statements of Comprehensive Income 1Q22 1Q22 1Q22 1Q22 4Q21 1Q21 Over Over Guidance 4Q21 1Q21 (In NT$ billions unless otherwise noted) Net Revenue (US$ billions) 17.57 16.6-17.2 15.74 12.92 +11.6% +36.0% Net Revenue 491.08 438

  5. Slide 5: 1Q22 Revenue by Technology

    1Q22 Revenue by Technology Unleash Innovation © 2022 TSMC, Ltd 4 TSMC Property

  6. Slide 6: 1Q22 Revenue by Platform

    1Q22 Revenue by Platform Unleash Innovation © 2022 TSMC, Ltd 5 TSMC Property

  7. Slide 7: Balance Sheets & Key Indices

    Balance Sheets & Key Indices Unleash Innovation Selected Items from Balance Sheets 1Q22 4Q21 1Q21 (In NT$ b illions) Amount % Amount % Amount % Cash & Marketable Securities 1,282.06 32.1% 1,188.46 31.9% 796.72 27.3% Accounts Receivable 213.43 5.3% 198.30 5.3% 167.48 5.7% Inventories 200.12 5.0% 193.

  8. Slide 8: Cash Flows

    Cash Flows Unleash Innovation (In NT$ billions) 1Q22 4Q21 1Q21 Beginning Balance 1,064.99 853.81 660.17 Cash from operating activities 372.17 378.20 227.82 Capital expenditures (262.13) (235.56) (248.03) Cash dividends (71.31) (71.31) (64.83) Short-term loans 30.53 (1.86) 52.07 Bonds payable 19.60 1

  9. Slide 9: 2Q22 Guidance

    2Q22 Guidance Unleash Innovation Based on our current business outlook, management expects: ◼ Revenue to be between US$ 17.6 billion and US$ 18.2 billion And, based on the exchange rate assumption of 1 US dollar to 28.8 NT dollars, management expects: ◼ Gross profit margin to be between 56% and 58%

  10. Slide 10: Recap of Recent Major Events

    Unleash Innovation Recap of Recent Major Events • DENSO to Take Minority Stake in JASM with a US$0.35 Billion Investment (2022/02/15) • TSMC Board of Directors Approved the Issuance of 1,387,000 Shares of 2021 Employee Restricted Stock Awards (RSAs). In Order to Offset Dilution from the Increase of

  11. Slide 11: https://www.tsmc.com invest@tsmc.com

    Unleash Innovation https://www.tsmc.com invest@tsmc.com © 2022 TSMC, Ltd 10 TSMC Property

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