Taiwan Semiconductor Manufacturing Co., Ltd. · TWSE:2330
Taiwan Semiconductor Manufacturing — Q2 2008 Earnings Presentation
15 slides from Taiwan Semiconductor Manufacturing's earnings presentation, Aug 1, 2008
Slide 1: Operating and Free Cash Flows; CapEx and Capacity
Operating and Free Cash Flows: Cash flows generated from operating activities were NT$45.0 billion during the quarter. Free cash flow, defined as the excess of operating cash flows over capital expenditures, totaled NT$22.8 billion in 2Q08, compared to NT$42.0 billion in 1Q08. TSMC July 31, 2008 V.
Slide 2: TSMC 2008 Second Quarter Investor Conference
TSMC 2008 Second Quarter Investor Conference July 31, 2008
Slide 3: Agenda
Agenda Welcome Elizabeth Sun 2Q08 Financial Results and 3Q08 Outlook Lora Ho CEO Comments Rick Tsai Q&A Rick Tsai / Lora Ho
Slide 4: 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 5: 2Q08 Financial Highlights
2Q08 Financial Highlights Annualized ROE for the quarter based on average equity attributable to shareholders of the parent.
Slide 6: Income Statements
Income Statements 2Q07 results do not include expenses of employee profit sharing.
Slide 7: 2Q08 Revenue by Applications
2Q08 Revenue by Applications
Slide 8: 2Q08 Revenue by Technology
2Q08 Revenue by Technology 65nm Revenue
Slide 9: Balance Sheets & Key Indices
Balance Sheets & Key Indices Asset productivity = Annualized net sales / Average net fixed assets.
Slide 10: Cash Flows
Cash Flows Free cash flow = Operating cash flow - Capital expenditures.
Slide 11: Installed Capacity
Note: 1 Figures represent number of 6" wafers. Conversion to 8"-equivalent wafers is obtained by dividing this number by 1.78. 2 Figures represent number of 12" wafers. Conversion to 8"-equivalent wafers is obtained by multiplying this number by 2.25. Installed Capacity Overall Capacity +13%; Advanc
Slide 12: Capital Expenditures
Capital Expenditures (in US milions) 1Q08 2008 TSMC 452 712 XinTec and GUC 13 5 18 TSMC Shanghai & WaferTech 18 "1 29 Other TSMC Subsidiaries 1 0 1 TSMC Consolidated 484 728 4,212 * 2008 CapExwas based on the weighted average exchange rate of NTS31.012 per US dollar.
Slide 13: 3Q08 Guidance
3Q08 Guidance Revenue is expected to be between NT$90 billion and NT$92 billion, at a forecast exchange rate of 30.20 NT dollars to 1 US dollar averaged over 3Q08. Gross profit margin is expected to be between 45% and 47%. Operating profit margin is expected to be between 34% and 36%.
Slide 14: Recap of Recent Major Events
Recap of Recent Major Events TSMC Wins Corporate Governance Asia Annual Recognition Award 2008 (2008/06/26) TSMC Unified DFM Architecture Promises Improved Yields and Accelerated Time-to-Market (2008/06/09) New TSMC Reference Flow 9.0 Supports 40nm Process Technology (2008/06/03) TSMC Board Approves
Slide 15: 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: July 31, 2008
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