Taiwan Semiconductor Manufacturing Co., Ltd. · TWSE:2330
Taiwan Semiconductor Manufacturing — Q1 2010 Earnings Presentation
15 slides from Taiwan Semiconductor Manufacturing's earnings presentation, Apr 28, 2010
Slide 1: Operating and Free Cash Flows; CapEx & Capacity
Operating and Free Cash Flows: Cash flows generated from operating activities were NT$46.03 billion during the quarter. Free cash flow, defined as the excess of operating cash flows over capital expenditures, decreased by NT$19.40 billion compared to 4Q09, mainly due to the decrease in operating cas
Slide 2: TSMC 2010 First Quarter Investor Conference
TSMC 2010 First Quarter Investor Conference April 27, 2010
Slide 3: Agenda
Agenda Welcome Elizabeth Sun 1Q10 Financial Results and 2Q10 Outlook Lora Ho TSMC Technology Overview Shang-yi Chiang CEO Comments Morris Chang Q&A Morris Chang / Shang-yi Chiang / Lora Ho
Slide 4: Safe Harbor Notice
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 could cause actual res
Slide 5: 1Q10 Financial Highlights
> 1Q10 Financial Highlights 1010 4003 1003, Q0a YoY (lo Wrbions excep othervse noted) Guidance __Actual__ Actual Net Sales a9-91 92.09 39.50 0.1% 133.4% Gross Margin 48.5% - 48.5% 48.5% 18.9% -0.6ppt +29.0ppts Operating Margin 38% -37% 36.5% 3.1% +0.5 ppt +33.9 ppts EPS - Diluted (NTS) 1.28 0.08 3.1
Slide 6: 1Q10 Income Statement Summary
(in NT bitions except otherwise noted)| 41410 4009 1Q09 Qoa YoY Net Sales 92.19 92.09 39.50 133.4% Gross Margin 47.9% 48.5% 18.9% +29.0 ppts Operating Expenses (10.08) (11.05) (627) 60.4% Operating Margin 37.0% 36.5% 3.1% +33.9 ppts ‘Non-Operating tems 4.00 1.43 035 183.8% {Long-Term Investment Gain
Slide 7: 1Q10 Revenue by Applications
1Q10 Revenue by Applications
Slide 8: 1Q10 Revenue by Technology
a #&=5 7”7»=—=—''—Fe 1Q10 Revenue by Technology 65nm/40nm Revenue 0 50% 4s 40 40% Pe ® 8 0 som 8 rey f 2 an § * : . l r 3008 1009 3009 1010 meine NTs Scorn Rev iv #3igonm combined as % of Sales Open Innovation Platform
Slide 9: Balance Sheets & Key Indices
Balance Sheets & Key Indices Asset productivity = Annualized net sales / Average net fixed assets. (1)
Slide 10: Cash Flows
Cash Flows Free cash flow = Operating cash flow - Capital expenditures. (1)
Slide 11: Installed Capacity
Figures represent number of 6" wafers. Conversion to 8"-equivalent wafers is obtained by dividing this number by 1.78. Figures represent number of 12" wafers. Conversion to 8"-equivalent wafers is obtained by multiplying this number by 2.25. Installed Capacity 2010 Overall Capacity +13%; Advanced Ca
Slide 12: Capital Expenditures
Capital Expenditures (in US milo 1010 4Q09 TSMC 1,433, 1,304 XinTec and GUC 2 1 TSMC China & WaferTech 8 4 Other TSMC Subsidiaries 1 1 TSMC Consolidated 1,444 1,310 Note: 201001 Capex was based on the weighted average exchange rate of NTS31.955 per US dollar pen Innovation Platform ™
Slide 13: Guidance
Guidance For the second quarter: Revenue to be between NT$100 billion and NT$102 billion, at a forecast exchange rate of 31.30 NT dollars to 1 US dollar Gross profit margin to be between 48% and 50% Operating profit margin to be between 36.5% and 38.5% Based on our current business outlook, manageme
Slide 14: Recap of Recent Major Events
Recap of Recent Major Events TSMC Breaks Ground on Fab for LED Lighting Business (2010/03/25) TSMC to Take Delivery of an ASML EUV Lithography System (2010/02/22) TSMC and MAPPER Reached Joint Development Milestone (2010/02/19) TSMC Board of Directors Proposes NT$3.0 Cash Dividend Per Share (2010/02
Slide 15: http://www.tsmc.com invest@tsmc.com
http://www.tsmc.com invest@tsmc.com SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Taiwan Semiconductor Manufacturing Company Ltd. Date: April 27, 201
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