Semiconductor Manufacturing International Corp. · HKEX:981

Semiconductor Manufacturing International — Q2 2022 Earnings Presentation

16 slides from Semiconductor Manufacturing International's earnings presentation, August 2022

  1. Slide 1: SMIC Q2 2022 Financial Presentation

    SMIC Q2 2022 Financial Presentation SEHK: 00981 SSE STAR MARKET: 688981 SMIC Investor Relations Aug 2022

  2. Slide 2: Forward-Looking Statements

    Forward-Looking Statements This presentation contains, in addition to historical information, forward-looking statements. These forward-looking statements are based on SMIC's current assumptions, expectations, beliefs, plans, objectives, and projections about future events or performance. SMIC uses

  3. Slide 3: 2Q22 Financial Highlights (Unaudited)

    2Q22 Financial Highlights (Unaudited)  Revenue was $1,903 million – Up 3.3% QoQ from $1,842 million in 1Q22 – Up 41.6% YoY from $1,344 million in 2Q21  Gross margin was 39.4% – Compared to 40.7% in 1Q22 – Compared to 30.1% in 2Q21  Profit from operations was $539 million – Compared to $536 millio

  4. Slide 4: 1H22 Financial Highlights (Unaudited)

    1H22 Financial Highlights (Unaudited)  Revenue was $3,745 million – Compared to $2,448 million in 1H21  Gross margin was 40.1% – Compared to 26.8% in 1H21  Profit from operations was $1,075 million – Compared to $662 million in 1H21  Profit attributable to SMIC was $962 million – Compared to $84

  5. Slide 5: Income Statement

    Income Statement (US$ thousands) 2Q22 1Q22 QoQ 2Q21 YoY Revenue 1,903,164 1,841,894 3.3% 1,344,102 41.6% Gross profit 750,488 750,255 0.0% 405,012 85.3% Gross margin 39.4% 40.7% 30.1% Operating income(expenses) (211,045) (214,284) -1.5% 132,751 - Research & Development (187,484) （165,269） 13.4% (143

  6. Slide 6: Capital Structure

    Capital Structure (US$ thousands) As of Jun 30, 2022 Mar 31, 2022 Cash and cash equivalent 8,634,495 6,099,908 Restricted cash - current 221,820 266,045 Financial assets at fair value through profit or loss - current(1) 312,975 322,975 Financial assets at amortized cost(2) 9,449,223 10,586,163 Total

  7. Slide 7: Cash Flow

    Cash Flow (US$ thousands) For the three months ended Net cash generated from operating activities (US$ millions) Jun 30, 2022 Mar 31, 2022 2122 Cash and cash equivalent, beginning 1593 6,099,908 8,581,746 of the period 1039 950 Net cash generated from operating 559 2,122,489 1,592,970 activities 2Q2

  8. Slide 8: Revenue by Geography

    Total Revenue Breakdown by Geography(1) Europe and Asia North America Chinese Mainland and Hong Kong，China 62.9% 66.7% 68.3% 68.4% 69.4% 23.3% 20.3% 19.6% 19.0% 18.9% 13.8% 13.0% 12.1% 12.6% 11.7% 2Q21 3Q21 4Q21 1Q22 2Q22 1,400 Revenue (US$ millions) 1,200 1,000 800 600 400 200 0 Chinese Mainland an

  9. Slide 9: Wafer Revenue Breakdown by Application

    Wafer Revenue Breakdown by Application Others Consumer Electronics Smart Home Smart Phone 31.6% 31.5% 31.2% 28.7% 25.4% 12.4% 12.5% 12.7% 13.8% 16.2% 25.1% 24.1% 23.7% 23.1% 23.8% 30.9% 31.9% 32.4% 34.4% 34.6% 2Q21 3Q21 4Q21 1Q22 2Q22 1,400 Revenue (US$ millions) 1,200 1,000 800 600 400 200 0 Smart

  10. Slide 10: Wafer Revenue by Size

    Wafer Revenue By Size 12" wafers 8" wafers 35.7% 34.9% 35.5% 33.5% 31.7% 64.3% 65.1% 64.5% 66.5% 68.3% 2Q21 3Q21 4Q21 1Q22 2Q22 Revenue (US$ millions) 1,400 1,200 1,000 800 600 400 200 0 12" wafers 8" wafers 1Q22 2Q22 SMIC Financial Presentation 10

  11. Slide 11: Capacity, Utilization and Shipment

    Capacity, Utilization and Shipment 100.4% 100.3% 100.4% 99.4% Utilization Rate（1） 97.1% (8-inch equivalent wafers) Monthly Capacity 649,125 673,750 593,875 621,000 561,500 2Q21 3Q21 4Q21 1Q22 2Q22 2Q21 3Q21 4Q21 1Q22 2Q22 Wafer Shipments 1,745,194 1,719,743 1,723,360 1,840,189 1,886,530 (1)Capacity

  12. Slide 12: 3Q 2022 Guidance and 2022 Capex Guidance

    3Q 2022 Guidance and 2022 Capex Guidance 3Q 2022 Guidance 2022 Capex Revenue 0% to +2% QoQ $5.0B Gross Margin 38% to 40% SMIC Financial Presentation 12

  13. Slide 13: Appendix

    Appendix SMIC Financial Presentation 13

  14. Slide 14: 2Q Results vs Guidance

    2Q Results vs Guidance 2Q 2022 Guidance 2Q 2022 Results Revenue +1% to +3% QoQ +3.3% QoQ Gross Margin 37% to 39% 39.4% SMIC Financial Presentation 14

  15. Slide 15: Capital Expenditures & Depreciation

    Capital Expenditures & Depreciation (US$ millions) 2Q21 3Q21 4Q21 1Q22 2Q22 Capex 771 1,081 2,130 869 1,672 Depreciation & 462 480 508 534 557 Amortization SMIC Financial Presentation 15

  16. Slide 16: Thank You!

    Thank You! Contact us: ir@smics.com

Semiconductor Manufacturing International Corporation (SMIC) — Q2 2022 Earnings Presentation on 6ix