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

Taiwan Semiconductor Manufacturing — Q4 2022 Earnings Presentation

14 slides from Taiwan Semiconductor Manufacturing's earnings presentation, Jan 12, 2023

  1. Slide 1: 2022 Fourth Quarter Earnings Conference

    Unleash Innovation Unleash Innovation 2022 Fourth Quarter Earnings Conference January 12, 2023 © 2023 TSMC, Ltd 0 TSMC Property

  2. Slide 2: Agenda

    Unleash Innovation Agenda • Welcome Jeff Su, IR Director • 4Q22 Financial Results and 1Q23 Outlook Wendell Huang, CFO • Key Messages Wendell Huang, CFO C.C. Wei, CEO • Q&A © 2023 TSMC, Ltd 1 TSMC Property

  3. 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

  4. Slide 4: Statements of Comprehensive Income

    Unleash Innovation Statements of Comprehensive Income Selected Items from Statements of Comprehensive Income 4Q22 4Q22 4Q22 4Q22 3Q22 4Q21 Over Over Guidance 3Q22 4Q21 (In NT$ billions unless otherwise noted) Net Revenue (US$ billions) 19.93 19.9-20.7 20.23 15.74 -1.5% +26.7% Net Revenue 625.53 613.

  5. Slide 5: 4Q22 Revenue by Technology

    Unleash Innovation 4Q22 Revenue by Technology 7nm and Below Revenue 0.11/0.13um 3% 0.15/0.18um 90nm 5% 300 65nm 2% 0.25um and above 5% 250 40/45nm 1% 7% Revenue (NT$B) 200 28nm 11% 5nm 150 32% 16nm 100 12% 7nm 22% 50 - 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 3Q22 4Q22 7nm 5nm © 2023 TSMC,

  6. Slide 6: Revenue by Technology

    Unleash Innovation Revenue by Technology 2022 2021 0.11/0.13um 0.11/0.13um 90nm 0.15/0.18um 90nm 0.15/0.18um 3% 3% 6% 6% 65nm 2% 65nm 2% 0.25um and above 5% 0.25um and above 5% 2% 1% 40/45nm 40/45nm 7% 7% 5nm 28nm 5nm 28nm 19% 10% 26% 11% 16nm 16nm 7nm 13% 7nm 14% 31% 27% © 2023 TSMC, Ltd 5 TSMC Pro

  7. Slide 7: 4Q22 Revenue by Platform

    Unleash Innovation 4Q22 Revenue by Platform Growth Rate by Platform (QoQ) Automotive DCE 6% IoT 2% Others +28% 8% 4% +10% +10% Smartphone IoT DCE Smartphone HPC 38% 42% HPC Automotive Others -4% -11% -23% © 2023 TSMC, Ltd 6 TSMC Property

  8. Slide 8: 2022 Revenue by Platform

    Unleash Innovation 2022 Revenue by Platform Growth rate by Platform (YoY) +74% Automotive DCE 5% 3% Others IoT 9% 3% +59% +51% +47% Smartphone HPC +28% 39% 41% +1% HPC Smartphone IoT Automotive DCE Others © 2023 TSMC, Ltd 7 TSMC Property

  9. Slide 9: Balance Sheets & Key Indices

    Unleash Innovation Balance Sheets & Key Indices Selected Items from Balance Sheets 4Q22 3Q22 4Q21 (In NT$ b illions) Amount % Amount % Amount % Cash & Marketable Securities 1,561.49 31.4% 1,498.87 32.3% 1,188.46 31.9% Accounts Receivable 231.34 4.7% 261.54 5.6% 198.30 5.3% Inventories 221.15 4.4% 21

  10. Slide 10: Cash Flows

    Unleash Innovation Cash Flows (In NT$ billions) 4Q22 3Q22 4Q21 Beginning Balance 1,296.01 1,253.19 853.81 Cash from operating activities 486.88 412.70 378.20 Capital expenditures (336.84) (265.97) (235.56) Cash dividends (71.30) (71.30) (71.31) Short-term loans 0.00 (116.01) (1.86) Bonds payable 5.8

  11. Slide 11: 2022 Financial Highlights

    Unleash Innovation 2022 Financial Highlights 2022 2021 YoY (In NT$ billions unless otherwise noted) Net Revenue (US$ billions) 75.88 56.82 +33.5% Net Revenue 2,263.89 1,587.42 +42.6% Gross Margin 59.6% 51.6% +8.0 ppts Operating Margin 49.5% 40.9% +8.6 ppts Income before Tax 1,144.19 663.13 +72.5% EP

  12. Slide 12: 1Q23 Guidance

    Unleash Innovation 1Q23 Guidance Based on our current business outlook, management expects: ◼ Revenue to be between US$ 16.7 billion and US$ 17.5 billion And, based on the exchange rate assumption of 1 US dollar to 30.7 NT dollars, management expects: ◼ Gross profit margin to be between 53.5% and 55

  13. Slide 13: Recap of Recent Major Events

    Unleash Innovation Recap of Recent Major Events • TSMC Held a 3nm Volume Production And Capacity Expansion Ceremony at Its Fab 18 New Construction Site in The Southern Taiwan Science Park (2022/12/29) • TSMC Announced That TSMC Arizona Has Started The Construction of a Second Fab Which Is Scheduled

  14. Slide 14: https://www.tsmc.com invest@tsmc.com

    Unleash Innovation https://www.tsmc.com invest@tsmc.com © 2023 TSMC, Ltd 13 TSMC Property

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