Semiconductor Manufacturing International Corp. · HKEX:981
Semiconductor Manufacturing International — Q1 2023 Earnings Presentation
15 slides from Semiconductor Manufacturing International's earnings presentation, May 2023
Slide 1: SMIC Q1 2023 Financial Presentation
SMIC Q1 2023 Financial Presentation SEHK: 00981 SSE STAR MARKET: 688981 SMIC Investor Relations May 2023
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation contains, in addition to historical information, forward-looking statements. These forward-looking statements are based on SMIC's current assumptions, expectations, beliefs, plans, objectives, and projections about future events or performance. SMIC uses
Slide 3: 1Q23 Financial Highlights (unaudited)
1Q23 Financial Highlights (unaudited) Revenue was $1,462.3 million – Down 9.8% QoQ from $1,621.3 million in 4Q22 – Down 20.6% YoY from $1,841.9 million in 1Q22 Gross margin was 20.8% – Compared to 32.0% in 4Q22 – Compared to 40.7% in 1Q22 Profit from operations was $83 million – Compared to $2
Slide 4: Income Statement
Income Statement (US$ thousands) 1Q23 4Q22 QoQ 1Q22 YoY Revenue 1,462,288 1,621,270 -9.8% 1,841,894 -20.6% Gross profit 304,669 518,689 -41.3% 750,255 -59.4% Gross margin 20.8% 32.0% 40.7% Operating income(expenses) (221,386) (236,343) -6.3% (214,284) 3.3% Research & development (167,668) (197,455)
Slide 5: Capital Structure
Capital Structure (US$ thousands) As of Mar 31, 2023 Dec 31, 2022 Cash and cash equivalents 8,703,465 6,932,587 Restricted cash - current 512,687 676,937 Financial assets at fair value through profit or loss - current(1) 405,426 375,776 Financial assets at amortised cost(2) 9,632,629 10,676,151 Tota
Slide 6: Cash Flow
Cash Flow (US$ thousands) For the three months ended Net cash generated from operating activities (US$ millions) Mar 31, 2023 Dec 31, 2022 2122 Cash and cash equivalents, beginning 1593 6,932,587 7,544,774 of the period 1069 802 Net cash generated from operating 563 801,520 563,308 activities 1Q22 2
Slide 7: Revenue by Geography
Total Revenue Analysis By Geography(1) Eurasia America China 75.4% 76.7% 75.1% 69.1% 75.5% 19.0% 20.5% 25.3% 19.6% 18.9% 5.6% 4.4% 4.4% 5.6% 4.9% 1Q22 2Q22 3Q22 4Q22 1Q23 1,200 Revenue (US$ millions) 1,000 800 600 400 200 0 China America Eurasia 4Q22 1Q23 (1) Presenting the revenue to those companie
Slide 8: Wafer Revenue Analysis By Application
Wafer Revenue Analysis By Application Others Consumer Electronics Internet of Things Smart Phone 28.7% 25.4% 26.0% 28.6% 23.5% 18.1% 20.6% 15.0% 16.6% 17.7% 24.2% 26.7% 27.8% 28.6% 25.9% 27.9% 27.5% 32.2% 33.2% 25.8% 1Q22 2Q22 3Q22 4Q22 1Q23 1,200 Revenue (US$ millions) 1,000 800 600 400 200 0 Smart
Slide 9: Wafer Revenue Analysis By Size
Wafer Revenue Analysis By Size 12" wafers 8" wafers 33.5% 31.7% 31.6% 28.1% 35.6% 66.5% 68.3% 68.4% 71.9% 64.4% 1Q22 2Q22 3Q22 4Q22 1Q23 1,200 Revenue (US$ millions) 1,000 800 600 400 200 0 12" wafers 8" wafers 4Q22 1Q23 SMIC Financial Presentation 9
Slide 10: Capacity, Utilization and Shipment
Capacity, Utilization and Shipment Utilization Rate（1） 100.4% 97.1% 92.1% 79.5% 68.1% (8-inch equivalent wafers) Monthly Capacity 706,000 714,000 732,250 649,125 673,750 1Q22 2Q22 3Q22 4Q22 1Q23 1Q22 2Q22 3Q22 4Q22 1Q23 Wafer Shipments 1,840,189 1,886,530 1,797,671 1,574,068 1,251,715 (1)Capacity ut
Slide 11: 2Q 2023 Guidance and 2023 Capex Guidance
2Q 2023 Guidance and 2023 Capex Guidance 2Q 2023 Guidance 2023 Capex Revenue +5% to +7% QoQ Roughly flat compared to 2022 Gross Margin 19% to 21% SMIC Financial Presentation 11
Slide 12: Appendix
Appendix SMIC Financial Presentation 12
Slide 13: 1Q Results vs Guidance
1Q Results vs Guidance 1Q 2023 Guidance 1Q 2023 Results Revenue -10% to -12% QoQ -9.8% QoQ Gross Margin 19% to 21% 20.8% SMIC Financial Presentation 13
Slide 14: Capital Expenditures & Depreciation
Capital Expenditures & Depreciation (US$ millions) 1Q22 2Q22 3Q22 4Q22 1Q23 Capex 869 1,672 1822 1987 1259 Depreciation & 534 557 576 604 631 Amortization SMIC Financial Presentation 14
Slide 15: Thank You!
Thank You! Contact us: ir@smics.com
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