Taiwan Semiconductor Manufacturing Co., Ltd. · TWSE:2330
Taiwan Semiconductor Manufacturing — Q3 2021 Earnings Presentation
11 slides from Taiwan Semiconductor Manufacturing's earnings presentation, Oct 14, 2021
Slide 1: 2021 Third Quarter Earnings Conference
Unleash Innovation Unleash Innovation 2021 Third Quarter Earnings Conference October 14, 2021 © 2021 TSMC, Ltd 0 TSMC Property
Slide 2: Agenda
Unleash Innovation Agenda • Welcome Jeff Su, IR Director • 3Q21 Financial Results and 4Q21 Outlook Wendell Huang, CFO • Key Messages Wendell Huang, CFO C.C. Wei, CEO • Q&A © 2021 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 3Q21 3Q21 3Q21 3Q21 2Q21 3Q20 Over Over Guidance 2Q21 3Q20 (In NT$ billions unless otherwise noted) Net Revenue (US$ billions) 14.88 14.6-14.9 13.29 12.14 +12.0% +22.6% Net Revenue 414.67 372
Slide 5: 3Q21 Revenue by Technology
Unleash Innovation 3Q21 Revenue by Technology 7nm and Below Revenue 0.11/0.13um 0.15/0.18um 90nm 3% 6% 65nm 2% 0.25um and above 4% 2% 40/45nm 8% 5nm 28nm 18% 10% 16nm 13% 7nm 34% 20nm 0% 10nm 0% © 2021 TSMC, Ltd 4 TSMC Property
Slide 6: 3Q21 Revenue by Platform
Unleash Innovation 3Q21 Revenue by Platform Automotive 4% DCE IoT 3% Others 9% 3% HPC Smartphone 37% 44% Smartphone Automotive © 2021 TSMC, Ltd 5 TSMC Property
Slide 7: Balance Sheets & Key Indices
Unleash Innovation Balance Sheets & Key Indices Selected Items from Balance Sheets 3Q21 2Q21 3Q20 (In NT$ b illions) Amount % Amount % Amount % Cash & Marketable Securities 975.82 29.2% 870.84 28.2% 742.42 28.1% Accounts Receivable 187.17 5.6% 178.26 5.7% 162.58 6.2% Inventories 182.23 5.5% 170.44 5
Slide 8: Cash Flows
Unleash Innovation Cash Flows (In NT$ billions) 3Q21 2Q21 3Q20 Beginning Balance 747.98 664.73 467.61 Cash from operating activities 318.71 187.44 190.18 Capital expenditures (188.64) (166.97) (99.31) Cash dividends (64.83) (64.83) (64.83) Short-term loans (18.09) 3.55 (16.80) Bonds payable 49.32 13
Slide 9: 4Q21 Guidance
Unleash Innovation 4Q21 Guidance Based on our current business outlook, management expects: ◼ Revenue to be between US$ 15.4 billion and US$ 15.7 billion And, based on the exchange rate assumption of 1 US dollar to 28.0 NT dollars, management expects: ◼ Gross profit margin to be between 51% and 53%
Slide 10: Recap of Recent Major Events
Unleash Innovation Recap of Recent Major Events • TSMC Commits to Reach Net Zero Emissions by 2050, Acting on Responsibility to Environmental Sustainability (2021/09/16) • TSMC Board of Directors Approved the Issuance of US Dollar-Denominated Unsecured Corporate Bonds for an Amount Not to Exceed US$
Slide 11: https://www.tsmc.com invest@tsmc.com
Unleash Innovation https://www.tsmc.com invest@tsmc.com © 2021 TSMC, Ltd 10 TSMC Property
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