Taiwan Semiconductor Manufacturing Co., Ltd. · TWSE:2330
Taiwan Semiconductor Manufacturing — Q4 2019 Earnings Presentation
14 slides from Taiwan Semiconductor Manufacturing's earnings presentation, Jan 16, 2020
Slide 1: 2019 Fourth Quarter Earnings Conference
2019 Fourth Quarter Earnings Conference January 16, 2020
Slide 2: Agenda
Agenda Welcome Jeff Su 4Q19 Financial Results and 1Q20 Outlook Wendell Huang Key Messages Wendell Huang C.C. Wei Q&A
Slide 3: 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 resu
Slide 4: Statements of Comprehensive Income
Statements of Comprehensive Income
Slide 5: 4Q19 Revenue by Technology
4Q19 Revenue by Technology 0.15/0.18um 0.11/0.13um 8% 16nm and Below Revenue 3% 0.25um and above 200 1% 90nm 3Y 65nm % T% 40/45nm 8% Revenue (NTSB) 20nm 3Q17 4Q17 1018 2018 3Q18 4018 1019 2019 3Q19 4019 1% 10nm 1% =16nm 10mm =#7nm
Slide 6: Revenue by Technology
Revenue by Technology 2019 2018 0.15/0.18um oLeioteu o.11o.13um ofan 9% jonm 2% 0.25um and above g0nm 0.25um and above 3% 2% % 8% 10nm 20nm 3% 1%
Slide 7: 4Q19 Revenue by Platform
4Q19 Revenue by Platform Growth rate by Platform (QoQ) Automotive ho loT tid 3% Others +16% 3% +6% HPC Smartphone Smartphone DCE +5% Automotive aan | Others -23%
Slide 8: 2019 Revenue by Platform
2019 Revenue by Platform Growth rate by Platform (YoY) Automotive DCE loT ae Gihers +33% +12% Smartphone Automotive Others Smartphone
Slide 9: Balance Sheets & Key Indices
Balance Sheets & Key Indices Selected Items from Balance Sheets (ia NTS billions) Cash & Marketable Securities Accounts Receivable Inventories Long-term Investments Net PP&E Total Assets Current Liabilities Long-term interest-bearing Debts Total Liabilities Total Shareholders’ Equity Key Indices AIR
Slide 10: Cash Flows
Cash Flows * Free cash flow = Cash from operating activities – Capital expenditures (1)
Slide 11: 2019 Financial Highlights
tse 2019 Financial Highlights 2019 2018 YoY (NTS bitions unless otherwise noted) Net Revenue (USS billions) 34.63 34.20 41.3% Net Revenue 1,069.99 1,031.47 43.7% Gross Margin 46.0% 48.3% -2.3 ppts Operating Margin 34.8% 37.2% -2.4 ppts Income before Tax 389.85 397.51 19% EPS - Diluted (NTS) 13.32 13
Slide 12: 1Q20 Guidance
1Q20 Guidance Revenue to be between US$ 10.2 billion and US$ 10.3 billion Based on our current business outlook, management expects: And, based on the exchange rate assumption of 1 US dollar to 29.9 NT dollars, management expects: Gross profit margin to be between 48.5% and 50.5% Operating profit ma
Slide 13: Recap of Recent Major Events
Recap of Recent Major Events Please visit TSMC's website (http://www.tsmc.com) and Market Observation Post System (http://mops.twse.com.tw) for details and other announcements TSMC Recognizes Outstanding Suppliers at 2019 Supply Chain Management Forum (2019/12/05) University of Tokyo and TSMC Announ
Slide 14: tsmc.com invest@tsmc.com
http://www.tsmc.com invest@tsmc.com
Taiwan Semiconductor Manufacturing — Q4 2019 Earnings Presentation on 6ix