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

Taiwan Semiconductor Manufacturing — Q4 2020 Earnings Presentation

14 slides from Taiwan Semiconductor Manufacturing's earnings presentation, Jan 14, 2021

  1. Slide 1: 2020 Fourth Quarter Earnings Conference

    Unleash Innovation Unleash Innovation 2020 Fourth Quarter Earnings Conference January 14, 2021 © 2021 TSMC, Ltd 0 TSMC Property

  2. Slide 2: Agenda

    Unleash Innovation Agenda • Welcome Jeff Su, IR Director • 4Q20 Financial Results and 1Q21 Outlook Wendell Huang, CFO • Key Messages Wendell Huang, CFO C.C. Wei, CEO • Q&A © 2021 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 4Q20 4Q20 4Q20 4Q20 3Q20 4Q19 Over Over Guidance 3Q20 4Q19 (In NT$ billions unless otherwise noted) Net Revenue (US$ billions) 12.68 12.4-12.7 12.14 10.39 +4.4% +22.0% Net Revenue 361.53 356.43 317.24 +1.4% +14.0% Gross Margin 54.0% 51.5% - 53.5%

  5. Slide 5: 4Q20 Revenue by Technology

    Unleash Innovation 4Q20 Revenue by Technology © 2021 TSMC, Ltd 4 TSMC Property

  6. Slide 6: Revenue by Technology

    Unleash Innovation Revenue by Technology © 2021 TSMC, Ltd 5 TSMC Property

  7. Slide 7: 4Q20 Revenue by Platform

    Unleash Innovation 4Q20 Revenue by Platform © 2021 TSMC, Ltd 6 TSMC Property

  8. Slide 8: 2020 Revenue by Platform

    Unleash Innovation 2020 Revenue by Platform © 2021 TSMC, Ltd 7 TSMC Property

  9. Slide 9: Balance Sheets & Key Indices

    Unleash Innovation Balance Sheets & Key Indices Selected Items from Balance Sheets 4Q20 3Q20 4Q19 (In NT$ b illions) Amount % Amount % Amount % Cash & Marketable Securities 791.48 28.7% 742.42 28.1% 583.45 25.7% Accounts Receivable 146.04 5.3% 162.58 6.2% 139.77 6.2% Inventories 137.35 5.0% 109.51 4

  10. Slide 10: Cash Flows

    Unleash Innovation Cash Flows (In NT$ billions) 4Q20 3Q20 4Q19 Beginning Balance 604.20 467.61 452.43 Cash from operating activities 259.13 190.18 202.96 Capital expenditures (88.68) (99.31) (170.01) Cash dividends (64.83) (64.83) (51.86) Short-term loans (67.35) (16.80) 35.68 Bonds payable 30.50 13

  11. Slide 11: 2020 Financial Highlights

    Unleash Innovation 2020 Financial Highlights 2020 2019 YoY (In NT$ billions unless otherwise noted) Net Revenue (US$ billions) 45.51 34.63 +31.4% Net Revenue 1,339.26 1,069.99 +25.2% Gross Margin 53.1% 46.0% +7.1 ppts Operating Margin 42.3% 34.8% +7.5 ppts Income before Tax 584.78 389.85 +50.0% EPS

  12. Slide 12: 1Q21 Guidance

    Unleash Innovation 1Q21 Guidance Based on our current business outlook, management expects:  Revenue to be between US$ 12.7 billion and US$ 13.0 billion And, based on the exchange rate assumption of 1 US dollar to 27.95 NT dollars, management expects:  Gross profit margin to be between 50.5% and 5

  13. Slide 13: Recap of Recent Major Events

    Unleash Innovation Recap of Recent Major Events • TSMC Recognized with 2021 IEEE Corporate Innovation Award (2020/12/09) • TSMC Recognizes Outstanding Suppliers at 2020 Supply Chain Management Forum (2020/12/03) • TSMC Board of Directors Approved an Investment to Establish a Wholly-Owned Subsidiary

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

    Unleash Innovation https://www.tsmc.com invest@tsmc.com © 2021 TSMC, Ltd 13 TSMC Property

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