Taiwan Semiconductor Manufacturing Co., Ltd. · TWSE:2330
Taiwan Semiconductor Manufacturing — Q2 2020 Earnings Presentation
11 slides from Taiwan Semiconductor Manufacturing's earnings presentation, Jul 16, 2020
Slide 1: 2020 Second Quarter Earnings Conference
Unleash Innovation 2020 Second Quarter Earnings Conference July 16, 2020 © 2020/7/17 TSMC, Ltd
Slide 2: Agenda
Unleash Innovation Agenda • Welcome Jeff Su • 2Q20 Financial Results and 3Q20 Outlook Wendell Huang • Key Messages C.C. Wei Wendell Huang • Q&A © 2020/7/17 TSMC, Ltd 1
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 Selected Items from Statements of Comprehensive Income 2Q20 2Q20 2Q20 2Q20 1Q20 2Q19 over over Guidance 1Q20 2Q19 (In NT$ billions unless otherwise noted) Net Revenue (US$ billions) 10.38 10.1-10.4 10.31 7.75 +0.8% +34.1% Net Revenue 310.70 310.6
Slide 5: 2Q20 Revenue by Technology
Unleash Innovation 2Q20 Revenue by Technology 0.15/0.18um 16nm and Below Revenue 0.11/0.13um 8% 90nm 3% 0.25um and above 200 65nm 3% 2% 6% 40/45nm 150 Revenue (NT$B) 9% 7nm 100 28nm 36% 14% 16nm 50 18% - 20nm 1Q18 2Q18 3Q18 4Q18 1Q19 2Q19 3Q19 4Q19 1Q20 2Q20 1% 10nm 0% 16nm 10nm 7nm © 2020/7/17 TSMC
Slide 6: 2Q20 Revenue by Platform
Unleash Innovation 2Q20 Revenue by Platform Growth rate by Platform (QoQ) Automotive 4% DCE IoT 5% Others 8% 3% +12% HPC 33% Smartphone 47% HPC -4% -5% -5% Smartphone IoT -9% Others -13% DCE Automotive © 2020/7/17 TSMC, Ltd 5
Slide 7: Balance Sheets & Key Indices
Unleash Innovation Balance Sheets & Key Indices Selected Items from Balance Sheets 2Q20 1Q20 2Q19 (In NT$ b illions) Amount % Amount % Amount % Cash & Marketable Securities 605.02 24.7% 561.55 24.0% 764.62 34.1% Accounts Receivable 149.60 6.1% 146.42 6.2% 116.13 5.2% Inventories 85.79 3.5% 78.28 3.3
Slide 8: Cash Flows
Unleash Innovation Cash Flows (In NT$ billions) 2Q20 1Q20 2Q19 Beginning Balance 430.78 455.40 645.67 Cash from operating activities 170.34 203.03 117.76 Capital expenditures (126.70) (192.56) (116.35) Cash dividends (64.83) (64.83) - Short-term loans 32.23 20.35 1.06 Bonds payable 36.00 2.40 - Inve
Slide 9: 3Q20 Guidance
Unleash Innovation 3Q20 Guidance Based on our current business outlook, management expects: Revenue to be between US$ 11.2 billion and US$ 11.5 billion And, based on the exchange rate assumption of 1 US dollar to 29.5 NT dollars, management expects: Gross profit margin to be between 50% and 52%
Slide 10: Recap of Recent Major Events
Unleash Innovation Recap of Recent Major Events • TSMC Expands Renewable Energy Usage to Cut Carbon Emissions by More Than 2 Million Tons (2020/07/08) • NXP Selects TSMC 5nm Process for Next Generation High Performance Automotive Platform (2020/06/12) • TSMC Shareholders Elected Mr. Yancey Hai to th
Slide 11: https://www.tsmc.com invest@tsmc.com
Unleash Innovation https://www.tsmc.com invest@tsmc.com © 2020/7/17 TSMC, Ltd 10
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