Taiwan Semiconductor Manufacturing Co., Ltd. · TWSE:2330
Taiwan Semiconductor Manufacturing — Q1 2021 Earnings Presentation
11 slides from Taiwan Semiconductor Manufacturing's earnings presentation, Apr 15, 2021
Slide 1: 2021 First Quarter Earnings Conference
Unleash Innovation Unleash Innovation 2021 First Quarter Earnings Conference April 15, 2021 © 2021 TSMC, Ltd 0 TSMC Property
Slide 2: Agenda
Unleash Innovation Agenda • Welcome Jeff Su, IR Director • 1Q21 Financial Results and 2Q21 Outlook Wendell Huang, CFO • Key Messages Wendell Huang, CFO C.C. Wei, CEO • Q&A © 2021 TSMC, Ltd 1 TSMC Property
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 1Q21 1Q21 1Q21 1Q21 4Q20 1Q20 Over Over Guidance 4Q20 1Q20 (In NT$ billions unless otherwise noted) Net Revenue (US$ billions) 12.92 12.7-13.0 12.68 10.31 +1.9% +25.4% Net Revenue 362.41 361.53 310.60 +0.2% +16.7% Gross Margin 52.4% 50.5% - 52.5%
Slide 5: 1Q21 Revenue by Technology
Unleash Innovation 1Q21 Revenue by Technology 7nm and Below Revenue 0.11/0.13um 0.15/0.18um 90nm 3% 6% 3% 65nm 0.25um and above 5% 2% 40/45nm 7% 5nm 28nm 14% 11% 16nm 7nm 14% 35% 20nm 0% 10nm 0% © 2021 TSMC, Ltd 4 TSMC Property
Slide 6: 1Q21 Revenue by Platform
Unleash Innovation 1Q21 Revenue by Platform Automotive 4% DCE IoT 4% Others 9% 3% HPC Smartphone 35% 45% Smartphone Automotive © 2021 TSMC, Ltd 5 TSMC Property
Slide 7: Balance Sheets & Key Indices
Unleash Innovation Balance Sheets & Key Indices Selected Items from Balance Sheets 1Q21 4Q20 1Q20 (In NT$ b illions) Amount % Amount % Amount % Cash & Marketable Securities 796.72 27.3% 791.48 28.7% 561.55 24.0% Accounts Receivable 167.48 5.7% 146.04 5.3% 146.42 6.2% Inventories 154.57 5.3% 137.35 5
Slide 8: Cash Flows
Unleash Innovation Cash Flows (In NT$ billions) 1Q21 4Q20 1Q20 Beginning Balance 660.17 604.20 455.40 Cash from operating activities 227.82 259.13 203.03 Capital expenditures (248.03) (88.68) (192.56) Cash dividends (64.83) (64.83) (64.83) Short-term loans 52.07 (67.35) 20.35 Bonds payable 18.50 30.
Slide 9: 2Q21 Guidance
Unleash Innovation 2Q21 Guidance Based on our current business outlook, management expects: Revenue to be between US$ 12.9 billion and US$ 13.2 billion And, based on the exchange rate assumption of 1 US dollar to 28.4 NT dollars, management expects: Gross profit margin to be between 49.5% and 51
Slide 10: Recap of Recent Major Events
Unleash Innovation Recap of Recent Major Events • TSMC Board of Directors Approved the Convening of the 2021 AGM on June 8, 2021 (2021/02/09) • TSMC Board of Directors Approved the Issuance of Unsecured Corporate Bonds in the Domestic Market for an Amount Not to Exceed NT$120 Billion (approximately
Slide 11: tsmc.com invest@tsmc.com
Unleash Innovation https://www.tsmc.com invest@tsmc.com © 2021 TSMC, Ltd 10 TSMC Property
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