Taiwan Semiconductor Manufacturing Co., Ltd. · TWSE:2330
Taiwan Semiconductor Manufacturing — Q3 2008 Earnings Presentation
15 slides from Taiwan Semiconductor Manufacturing's earnings presentation, Oct 31, 2008
Slide 1: Operating and Free Cash Flows; CapEx and Capacity
Operating and Free Cash Flows: Cash flows generated from operating activities were NT$55.9 billion during the quarter. Free cash flow, defined as the excess of operating cash flows over capital expenditures, totaled NT$45.5 billion in 3Q08, compared to NT$22.8 billion in 2Q08. TSMC October 30, 2008
Slide 2: TSMC 2008 Third Quarter Investor Conference
TSMC 2008 Third Quarter Investor Conference October 30, 2008
Slide 3: Agenda
Agenda Welcome Elizabeth Sun 3Q08 Financial Results and 4Q08 Outlook Lora Ho CEO Comments Rick Tsai Q&A Rick Tsai / 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: 3Q08 Financial Highlights
3Q08 Financial Highlights Before expensing of employee profit sharing Total outstanding shares were 25,625mn units on 9/30/08 Annualized ROE for the quarter based on average equity attributable to shareholders of the parent.
Slide 6: Income Statements
Income Statements 3Q07 results do not include expenses of employee profit sharing. (1)
Slide 7: 3Q08 Revenue by Applications
3Q08 Revenue by Applications
Slide 8: 3Q08 Revenue by Technology
3Q08 Revenue by Technology 65nm Revenue 0.26/0.36um_ 25 25% 20 20% um a z 0.161018 Es wi : 5 0.1110.134m i zg 10 10% : i * ° 1007 2007 3007 4007 1@08 2008 3a08 mm Rev (NTSB) % of Sales The Proven Path to Success”
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 Overall Capacity +13%; Advanced Capacit
Slide 12: Capital Expenditures
Capital Expenditures a (in US mitions) TSMC 482 712 317 4,481 XinTec and GUC 13 5 3 2 ‘TSMC Shanghai & WaferTech 18 " " 40 Other TSMC Subsidiaries 1 0 1 2 ‘TSMC Consolidated 484 728 332 1,544 "Note: 2008 CapEx was based onthe weighted average exchange rate of NTS31 054 per US dollar The Proven Path
Slide 13: 4Q08 Guidance
4Q08 Guidance Revenue is expected to be between NT$69 billion and NT$71 billion, at a forecast exchange rate of 32.73 NT dollars to 1 US dollar averaged over 4Q08. Gross profit margin is expected to be between 34% and 36%. Operating profit margin is expected to be between 21% and 23%.
Slide 14: Recap of Recent Major Events
Recap of Recent Major Events TSMC Wins Asia's Best Companies Poll 2008 Held by FinanceAsia to Be Taiwan's Best Managed Companies, Best Corporate Governance, Best Investor Relations, And Most Committed to a Strong Dividend Policy (2008/09/30) TSMC's 28nm to Be a Full Node Process (2008/09/29) TSMC Se
Slide 15: Contact and Signatures
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: October 30, 2
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