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

Taiwan Semiconductor Manufacturing — Q3 2002 Earnings Presentation

18 slides from Taiwan Semiconductor Manufacturing's earnings presentation, Oct 22, 2002

  1. Slide 1: 2002 3rd Quarter Results

    2002 3rd Quarter Results Oct. 22nd, 2002

  2. Slide 2: Agenda

    Agenda l Welcome l 3Q’02 Financial Results Harvey Chang (unconsolidated) l Remarks Morris Chang l Q&A Morris Chang et. al.

  3. Slide 3: Safe Harbor Notice

    Safe Harbor Notice l 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 any forward- looking statement. l Information as to those factors that could cause actual

  4. Slide 4: 3Q'02 Result Highlights

    ee tsmc ee 3Q’02 Result Highlights 3Q'02 2Q'02 3Q'01 Amount: NT$Billion Amount Amount Amount Net Sales 39.84 44.18 26.94 Net Income 3.16 9.31 1.24 EPS (NT$) 0.16 0.49 0.06 Cash and Equivalent 64.52 66.39 30.66 Debt 44.00 44.00 29.00 Shareholders’ Equity 293.61 289.16 272.17 Wafers Shipped (Kpcs] 677

  5. Slide 5: 3Q'02 Income Statement - YoY Comparison

    3Q’02 Income Statement - YoY Comparison

  6. Slide 6: 3Q'02 Balance Sheet & Cash Flow - YoY Comparison

    3Q’02 Balance Sheet & Cash Flow - YoY Comparison

  7. Slide 7: 3Q'02 Income Statement - QoQ Comparison

    3Q’02 Income Statement - QoQ Comparison

  8. Slide 8: 3Q'02 Balance Sheet & Cash Flow - QoQ Comparison

    3Q’02 Balance Sheet & Cash Flow - QoQ Comparison

  9. Slide 9: Income Tax Analysis

    Income Tax Analysis Amount:NT$Billion 3Q'02 Income before Tax & L/T Investment 7.8 Imputed 3Q02 Income Tax* (1.4) Additional Provision due to Adjustment of Effetive Tax Rate* (1.8) Provisional Income Tax (3.2) Investment Tax Credit 0.3 Income Tax, as reported (2.9) * Assuming effective tax rate 18%

  10. Slide 10: Sales Breakdown by Technology

    Sales Breakdown by Technology 100% 1 4 1 1 5 17 15 0.13u- 21 22 30 29 20 75% 0.15u 24 34 24 23 0.18u 22 22 39 50% 31 0.25u 29 27 25 23 30 0.35u 25% 20 16 15 14 13 13 0.50u+ 18 15 14 11 9 11 12 0% 1Q01 2Q01 3Q01 4Q01 1Q02 2Q02 3Q02 Sales (NT$Bn) 39.5 26.3 26.9 33.1 35.8 44.2 39.8

  11. Slide 11: Sales Breakdown by Application

    Sales Breakdown by Application Computer Comm. Consumer Memory Others 2 3 3 3 100% 6 4 5 3 2 3 6 3 18 12 19 21 23 22 25 75% 16 17 20 18 16 26 24 34 50% 31 56 56 25% 49 45 41 32 36 0% 1Q01 2Q01 3Q01 4Q01 1Q02 2Q02 3Q02 Sales (NT$Bn) 39.5 26.3 26.9 33.1 35.8 44.2 39.8

  12. Slide 12: Sales Breakdown by Geography

    Sales Breakdown by Geography US Asia Europe Japan 100% 5 5 6 6 13 12 12 3 3 3 5 7 3 13 14 12 10 13 16 75% 18 18 50% 80 78 79 76 69 59 63 25% 0% 1Q01 2Q01 3Q01 4Q01 1Q02 2Q02 3Q02 Sales 39.5 26.3 26.9 33.1 35.8 44.2 39.8 (NT$Bn) Note: This chart does not reflect the actual shipment destination of sal

  13. Slide 13: Sales Breakdown by Customer

    Sales Breakdown by Customer Fabless IDM System 0 0 1 1 1 1 100% 1 21 26 32 28 36 37 35 75% 50% 78 73 67 71 64 63 64 25% 0% 1Q01 2Q01 3Q01 4Q01 1Q02 2Q02 3Q02 Sales (NT$Bn) 39.5 26.3 26.9 33.1 35.8 44.2 39.8

  14. Slide 14: Fab Utilization and ASP Trend

    Fab Utilization and ASP Trend TSMC Group Utilization (Bars) ASP/8 ” Equiv.* Out Utilization ASP (Line) (US$) (%)** 120 2,000 108 108 107 105 103 102 102 104 101 97 99 100 92 87 85 79 80 75 70 67 67 58 60 1,000 50 44 41 40 20 0 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 19

  15. Slide 15: 2002 Installed Capacity by FAB

    2002 Installed Capacity by FAB 2 1 2 Note: 1. Fabs 3 and 4 were consolidated into a single fab during 1Q02. 2. 6”-wafer is converted into 8”-equivalent wafer by dividing by 1.78; 12”-wafer by multiplying by 2.25.

  16. Slide 16: Recap of Major Events in 3Q02

    Recap of Major Events in 3Q02 ä TSMC Sets New Record for Quality System Certification in IC Foundry Industry (09/24) ä TSMC Files Application for IC Fab Facility in Mainland China (09/09) ä TSMC Unveils the Foundry Industry’s First Internet- Based Service for Design Document Retrieval (09/09) ä TSMC

  17. Slide 17: 4Q02 Guidance

    4Q02 Guidance ä We expect TSMC revenue to bottom-out in the next two quarters as we expect to see rapid growth from 0.13um technology products, which should represent about 20% of our total revenues in Y2003. ä We expect to report positive after tax results during this bottoming-out period. ä In the

  18. Slide 18: http://www.tsmc.com invest@tsmc.com.tw

    http://www.tsmc.com invest@tsmc.com.tw

Taiwan Semiconductor Manufacturing — Q3 2002 Earnings Presentation on 6ix