Taiwan Semiconductor Manufacturing Co., Ltd. · TWSE:2330
Taiwan Semiconductor Manufacturing — Q2 2024 Earnings Presentation
11 slides from Taiwan Semiconductor Manufacturing's earnings presentation, Jul 18, 2024
Slide 1: 2024 Second Quarter Earnings Conference
Unleash Innovation Unleash Innovation 2024 Second Quarter Earnings Conference July 18, 2024 © 2024 TSMC, Ltd 0 TSMC Property
Slide 2: Agenda
Unleash Innovation Agenda • Welcome Jeff Su, IR Director • 2Q24 Financial Results and 3Q24 Outlook Wendell Huang, CFO • Key Messages Wendell Huang, CFO C.C. Wei, Chairman & CEO • Q&A © 2024 TSMC, Ltd 1 TSMC Property
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
Slide 4: Statements of Comprehensive Income
Unleash Innovation Statements of Comprehensive Income Selected Items from Statements of Comprehensive Income 2Q24 2Q24 2Q24 2Q24 1Q24 2Q23 Over Over Guidance 1Q24 2Q23 (In NT$ billions unless otherwise noted) Net Revenue (US$ billions) 20.82 19.6-20.4 18.87 15.68 +10.3% +32.8% Net Revenue 673.51 592
Slide 5: 2Q24 Revenue by Technology
Unleash Innovation 2Q24 Revenue by Technology 7nm and Below Revenue 0.11/0.13um 90nm 2% 0.15/0.18um 65nm 450 1% 40/45nm 3% 4% 0.25um and above 400 5% 1% 350 Revenue (NT$B) 28nm 300 3nm 8% 16nm 15% 250 9% 200 7nm 5nm 150 17% 35% 100 50 - 1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 7nm 5nm 3nm ©
Slide 6: 2Q24 Revenue by Platform
Unleash Innovation 2Q24 Revenue by Platform Growth Rate by Platform (QoQ) Automotive 5% DCE +28% IoT 2% 6% Others 2% +20% Smartphone HPC 33% 52% +6% +5% +5% Smartphone HPC IoT Automotive DCE Others -1% © 2024 TSMC, Ltd 5 TSMC Property
Slide 7: Balance Sheets & Key Indices
Unleash Innovation Balance Sheets & Key Indices Selected Items from Balance Sheets 2Q24 1Q24 2Q23 (In NT$ b illions) Amount % Amount % Amount % Cash & Marketable Securities 2,048.64 34.3% 1,922.66 33.2% 1,489.96 28.9% Accounts Receivable 210.21 3.5% 201.98 3.5% 191.03 3.7% Inventories 272.49 4.5% 26
Slide 8: Cash Flows
Unleash Innovation Cash Flows (In NT$ billions) 2Q24 1Q24 2Q23 Beginning Balance 1,698.20 1,465.43 1,385.23 Cash from operating activities 377.67 436.31 167.25 Capital expenditures (205.68) (181.30) (250.53) Cash dividends (90.76) (77.80) (71.30) Bonds payable 11.50 22.80 40.70 Investments and other
Slide 9: 3Q24 Guidance
Unleash Innovation 3Q24 Guidance Based on our current business outlook, management expects: ◼ Revenue to be between US$22.4 billion and US$23.2 billion And, based on the exchange rate assumption of 1 US dollar to 32.5 NT dollars, management expects: ◼ Gross profit margin to be between 53.5% and 55.5
Slide 10: Recap of Recent Major Events
Recap of Recent Major Events Unleash Innovation • TSMC Shareholders Elect Board of Directors; Board of Directors Unanimously Elects Dr. C.C. Wei as Chairman and CEO (2024/06/04) • TSMC Board of Directors Approved NT$4.00 Cash Dividend for the First Quarter of 2024 and Set September 12 as the Ex-Divi
Slide 11: https://www.tsmc.com invest@tsmc.com
Unleash Innovation https://www.tsmc.com invest@tsmc.com © 2024 TSMC, Ltd 10 TSMC Property
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