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

Taiwan Semiconductor Manufacturing — Q4 2021 Earnings Presentation

14 slides from Taiwan Semiconductor Manufacturing's earnings presentation, Jan 13, 2022

  1. Slide 1: 2021 Fourth Quarter Earnings Conference

    Unleash Innovation Unleash Innovation 2021 Fourth Quarter Earnings Conference January 13, 2022 © 2022 TSMC, Ltd 0 TSMC Property

  2. Slide 2: Agenda

    Unleash Innovation Agenda • Welcome Jeff Su, IR Director • 4Q21 Financial Results and 1Q22 Outlook Wendell Huang, CFO • Key Messages Wendell Huang, CFO C.C. Wei, CEO • Q&A © 2022 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 4Q21 4Q21 4Q21 4Q21 3Q21 4Q20 Over Over Guidance 3Q21 4Q20 (In NT$ billions unless otherwise noted) Net Revenue (US$ billions) 15.74 15.4-15.7 14.88 12.68 +5.8% +24.1% Net Revenue 438.19 414.67 361.53 +5.7% +21.2% Gross Margin 52.7% 51.0% -53.0%

  5. Slide 5: 4Q21 Revenue by Technology

    Unleash Innovation 4Q21 Revenue by Technology 7nm and Below Revenue 0.11/0.13um 0.15/0.18um 90nm 3% 6% 250 2% 65nm 0.25um and above 5% 2% 200 40/45nm Revenue (NT$B) 8% 5nm 150 28nm 23% 11% 16nm 100 7nm 13% 27% 50 20nm 0% - 1Q19 2Q19 3Q19 4Q19 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 7nm 5nm © 2022 TS

  6. Slide 6: Revenue by Technology

    Unleash Innovation Revenue by Technology 2021 2020 0.11/0.13um 0.11/0.13um 0.15/0.18um 0.15/0.18um 90nm 3% 90nm 3% 6% 7% 65nm 2% 0.25um and above 2% 0.25um and above 5% 65nm 2% 5% 2% 40/45nm 7% 5nm 5nm 40/45nm 8% 28nm 19% 9% 11% 28nm 16nm 13% 7nm 7nm 33% 14% 16nm 31% 17% 20nm 0% 20nm 1% 10nm 0% © 20

  7. Slide 7: 4Q21 Revenue by Platform

    Unleash Innovation 4Q21 Revenue by Platform Growth Rate by Platform (QoQ) Automotive DCE +22% 4% IoT 3% Others 9% 3% +10% Smartphone HPC 44% +7% 37% +3% +3% 2% Smartphone HPC IoT Automotive DCE Others © 2022 TSMC, Ltd 6 TSMC Property

  8. Slide 8: 2021 Revenue by Platform

    Unleash Innovation 2021 Revenue by Platform Growth rate by Platform (YoY) Automotive DCE +51% 4% 4% Others IoT 8% 3% +34% Smartphone +21% HPC 44% 37% +8% +9% +2% Smartphone HPC IoT Automotive DCE Others © 2022 TSMC, Ltd 7 TSMC Property

  9. Slide 9: Balance Sheets & Key Indices

    Unleash Innovation Balance Sheets & Key Indices Selected Items from Balance Sheets 4Q21 3Q21 4Q20 (In NT$ b illions) Amount % Amount % Amount % Cash & Marketable Securities 1,188.46 31.9% 975.82 29.2% 791.48 28.7% Accounts Receivable 198.30 5.3% 187.17 5.6% 146.04 5.3% Inventories 193.10 5.2% 182.23

  10. Slide 10: Cash Flows

    Unleash Innovation Cash Flows (In NT$ billions) 4Q21 3Q21 4Q20 Beginning Balance 853.81 747.98 604.20 Cash from operating activities 378.20 318.71 259.13 Capital expenditures (235.56) (188.64) (88.68) Cash dividends (71.31) (64.83) (64.83) Short-term loans (1.86) (18.09) (67.35) Bonds payable 157.47

  11. Slide 11: 2021 Financial Highlights

    Unleash Innovation 2021 Financial Highlights 2021 2020 YoY (In NT$ billions unless otherwise noted) Net Revenue (US$ billions) 56.82 45.51 +24.9% Net Revenue 1,587.42 1,339.26 +18.5% Gross Margin 51.6% 53.1% -1.5 ppts Operating Margin 40.9% 42.3% -1.4 ppts Income before Tax 663.13 584.78 +13.4% EPS

  12. Slide 12: 1Q22 Guidance

    Unleash Innovation 1Q22 Guidance Based on our current business outlook, management expects: ◼ Revenue to be between US$ 16.6 billion and US$ 17.2 billion And, based on the exchange rate assumption of 1 US dollar to 27.6 NT dollars, management expects: ◼ Gross profit margin to be between 53% and 55%

  13. Slide 13: Recap of Recent Major Events

    Unleash Innovation Recap of Recent Major Events • TSMC Presents 2021 Excellent Performance Award to Outstanding Suppliers (2021/12/16) • TSMC Introduces N4X Process, the Newest 5nm Enhancement Tailored for High Performance Computing Products (2021/12/16) • MediaTek and TSMC Unveil the World’s First

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

    Unleash Innovation https://www.tsmc.com invest@tsmc.com © 2022 TSMC, Ltd 13 TSMC Property

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