Taiwan Semiconductor Manufacturing Co., Ltd. · TWSE:2330
Taiwan Semiconductor Manufacturing — Q1 2020 Earnings Presentation
11 slides from Taiwan Semiconductor Manufacturing's earnings presentation, Apr 16, 2020
Slide 1: 2020 First Quarter Earnings Conference
Unleash Innovation 2020 First Quarter Earnings Conference April 16, 2020 © 2020/4/16 TSMC, Ltd
Slide 2: Agenda
Unleash Innovation Agenda • Welcome Jeff Su • Opening Remarks Mark Liu • 1Q20 Financial Results and 2Q20 Outlook Wendell Huang • Key Messages C.C. Wei Wendell Huang • Q&A © 2020/4/16 TSMC, Ltd 1
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 1Q20 1Q20 1Q20 1Q20 4Q19 1Q19 over over Guidance 4Q19 1Q19 (In NT$ billions unless otherwise noted) Net Revenue (US$ billions) 10.31 10.2-10.3 10.39 7.10 -0.8% +45.2% Net Revenue 310.60 317.2
Slide 5: 1Q20 Revenue by Technology
Unleash Innovation 1Q20 Revenue by Technology 0.15/0.18um 16nm and Below Revenue 0.11/0.13um 8% 90nm 2% 0.25um and above 65nm 3% 2% 6% 40/45nm 10% 7nm 28nm 35% 14% 16nm 19% 20nm 1% 10nm 0.5% © 2020/4/16 TSMC, Ltd 4
Slide 6: 1Q20 Revenue by Platform
Unleash Innovation 1Q20 Revenue by Platform Automotive DCE IoT 4% 5% Others 9% 3% HPC 30% Smartphone 49% Smartphone © 2020/4/16 TSMC, Ltd 5
Slide 7: Balance Sheets & Key Indices
Unleash Innovation Balance Sheets & Key Indices Selected Items from Balance Sheets 1Q20 4Q19 1Q19 (In NT$ b illions) Amount % Amount % Amount % Cash & Marketable Securities 561.55 24.0% 583.45 25.7% 760.25 34.7% Accounts Receivable 146.42 6.2% 139.77 6.2% 106.74 4.9% Inventories 78.28 3.3% 82.98 3.7
Slide 8: Cash Flows
Unleash Innovation Cash Flows (In NT$ billions) 1Q20 4Q19 1Q19 Beginning Balance 455.40 452.43 577.81 Cash from operating activities 203.03 202.96 152.67 Capital expenditures (192.56) (170.01) (75.94) Cash dividends (64.83) (51.86) 0.00 Short-term loans 20.35 35.68 (12.26) Investments and others 9.3
Slide 9: 2Q20 Guidance
Unleash Innovation 2Q20 Guidance Based on our current business outlook, management expects: Revenue to be between US$ 10.1 billion and US$ 10.4 billion And, based on the exchange rate assumption of 1 US dollar to 30.0 NT dollars, management expects: Gross profit margin to be between 50% and 52%
Slide 10: Recap of Recent Major Events
Unleash Innovation Recap of Recent Major Events • TSMC and Broadcom Enhance the CoWoS Platform with World’s First 2X Reticle Size Interposer (2020/03/03) • STMicroelectronics and TSMC Collaborate to Accelerate Market Adoption of Gallium Nitride-Based Products (2020/02/20) • TSMC Board of Directors A
Slide 11: http://www.tsmc.com invest@tsmc.com
Unleash Innovation http://www.tsmc.com invest@tsmc.com © 2020/4/16 TSMC, Ltd 10
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