Semiconductor Manufacturing International Corp. · HKEX:981
Semiconductor Manufacturing International — Q3 2024 Earnings Presentation
15 slides from Semiconductor Manufacturing International's earnings presentation, November 2024
Slide 1: SMIC Q3 2024 Financial Presentation
SMIC Q3 2024 Financial Presentation November 2024
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: 3Q24 Financial Highlights (unaudited)
3Q24 Financial Highlights (unaudited) Revenue was $2,171 million – Up 14.2% QoQ from $1,901 million in 2Q24 – Up 34.0% YoY from $1,621 million in 3Q23 Gross margin was 20.5% – Compared to 13.9% in 2Q24 – Compared to 19.8% in 3Q23 Profit from operations was $170 million – Compared to $87 millio
Slide 4: Income Statement
Income Statement (US$ thousands) 3Q24 2Q24 QoQ 3Q23 YoY Revenue 2,171,188 1,901,276 14.2% 1,620,577 34.0% Gross profit 444,160 265,093 67.5% 321,620 38.1% Gross margin 20.5% 13.9% 19.8% Operating income(expenses) (274,273) (177,953) 54.1% (234,232) 17.1% Research & Development (179,386) (180,748) -0
Slide 5: Capital Structure
Capital Structure (US$ thousands) As of Sep 30, 2024 Jun 30, 2024 Cash and cash equivalents 3,651,385 3,694,277 Restricted cash 379,314 370,445 Financial assets at fair value through profit or loss - current (1) 232,983 101,109 Financial assets at amortised cost(2) 8,368,227 8,814,627 Total cash on
Slide 6: Cash Flow
Cash Flow (US$ thousands) For the three months ended Net cash generated from operating activities (US$ millions) Sep 30, 2024 Jun 30, 2024 1236 Cash and cash equivalents, beginning 960 3,694,277 5,348,718 801 of the period 470 Net cash generated from operating 1,236,416 19,275 activities 19 3Q23 4Q2
Slide 7: Total Revenue By Geography
Total Revenue By Geography Eurasia America China 84.0% 80.8% 81.6% 80.3% 86.4% 12.9% 15.7% 14.9% 16.0% 10.6% 3.1% 3.5% 3.5% 3.7% 3.0% 3Q23 4Q23 1Q24 2Q24 3Q24 2,000 1,800 Revenue (US$ millions) 1,600 1,400 1,200 1,000 800 600 400 200 0 China America Eurasia 2Q24 3Q24 SMIC Financial Presentation 7
Slide 8: Wafer Revenue By Application
Wafer Revenue By Application Industrial and Automotive Connectivity and IoT Consumer Electronics Computer and Tablet Smartphone 25.9% 30.2% 31.2% 32.0% 24.9% 16.4% 29.2% 17.5% 13.3% 30.6% 30.9% 35.6% 42.6% 24.1% 22.8% 11.5% 8.8% 13.2% 11.0% 8.2% 9.3% 7.6% 7.2% 8.1% 7.9% 3Q23 4Q23 1Q24 2Q24 3Q24 2,00
Slide 9: Wafer Revenue By Size
Wafer Revenue By Size 12" wafers 8" wafers 26.0% 25.8% 24.4% 26.4% 21.5% 74.0% 74.2% 75.6% 73.6% 78.5% 3Q23 4Q23 1Q24 2Q24 3Q24 2,000 Revenue (US$ millions) 1,500 1,000 500 0 12" wafers 8" wafers 2Q24 3Q24 SMIC Financial Presentation 9
Slide 10: Capacity, Utilization and Shipment
Capacity, Utilization and Shipment Utilization Rate（1） 90.4% 85.2% 80.8% 77.1% 76.8% (8-inch equivalent wafers) Monthly Capacity 837,000 884,250 795,750 805,500 814,500 3Q23 4Q23 1Q24 2Q24 3Q24 3Q23 4Q23 1Q24 2Q24 3Q24 Wafer Shipments (8-inch 1,536,845 1,675,002 1,794,891 2,111,880 2,122,266 equival
Slide 11: 4Q 2024 Guidance
4Q 2024 Guidance 4Q 2024 Guidance Revenue flat to +2% QoQ Gross Margin 18% to 20% SMIC Financial Presentation 11
Slide 12: Appendix
Appendix SMIC Financial Presentation 12
Slide 13: 3Q 2024 Results and Guidance
3Q 2024 Results and Guidance 3Q 2024 Guidance 3Q 2024 Results Revenue +13% to +15% QoQ +14.2% QoQ Gross Margin 18% to 20% 20.5% SMIC Financial Presentation 13
Slide 14: Capital Expenditure and Depreciation
Capital Expenditure and Depreciation (US$ millions) 3Q23 4Q23 1Q24 2Q24 3Q24 Capital Expenditure 2,135 2,341 2,235 2,252 1,179 Depreciation & 679 700 746 797 831 Amortisation SMIC Financial Presentation 14
Slide 15: Thank You!
Thank You! Contact us: ir@smics.com
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