Taiwan Semiconductor Manufacturing Co., Ltd. · TWSE:2330
Taiwan Semiconductor Manufacturing — Q2 2023 Earnings Presentation
11 slides from Taiwan Semiconductor Manufacturing's earnings presentation, Jul 20, 2023
Slide 1: 2023 Second Quarter Earnings Conference
Unleash Innovation Unleash Innovation 2023 Second Quarter Earnings Conference July 20, 2023 © 2023 TSMC, Ltd 0 TSMC Property
Slide 2: Agenda
Agenda Unleash Innovation • Welcome Jeff Su, IR Director • 2Q23 Financial Results and 3Q23 Outlook Wendell Huang, CFO • Key Messages Wendell Huang, CFO C.C. Wei, CEO Mark Liu, Chairman • Q&A © 2023 TSMC, Ltd 1 TSMC Property
Slide 3: Safe Harbor Notice
Safe Harbor Notice Unleash Innovation • 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
Statements of Comprehensive Income Unleash Innovation Selected Items from Statements of Comprehensive Income 2Q23 2Q23 2Q23 2Q23 1Q23 2Q22 Over Over (In NT$ billions unless otherwise noted) Guidance 1Q23 2Q22 Net Revenue (US$ billions) 15.68 15.2-16.0 16.72 18.16 -6.2% -13.7% Net Revenue 480.84 508.
Slide 5: 2Q23 Revenue by Technology
2Q23 Revenue by Technology Unleash Innovation 7nm and Below Revenue 90nm 0.11/0.13um 2% 0.15/0.18um 300 65nm 2% 5% 7% 0.25um and above 250 40/45nm 1% 7% Revenue (NT$B) 200 28nm 11% 5nm 20nm 150 30% 1% 16nm 100 11% 7nm 23% 50 - 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 7nm 5nm © 2023 TSMC, Lt
Slide 6: 2Q23 Revenue by Platform
2Q23 Revenue by Platform Unleash Innovation Growth Rate by Platform (QoQ) Automotive 8% DCE +25% IoT 3% Others 8% 4% Smartphone HPC +3% 33% 44% HPC Smartphone IoT Others Automotive DCE -5% -5% -9% -11% © 2023 TSMC, Ltd 5 TSMC Property
Slide 7: Balance Sheets & Key Indices
Balance Sheets & Key Indices Unleash Innovation Selected Items from Balance Sheets 2Q23 1Q23 2Q22 (In NT$ b illions) Amount % Amount % Amount % Cash & Marketable Securities 1,489.96 28.9% 1,589.19 31.6% 1,425.57 32.8% Accounts Receivable 191.03 3.7% 148.05 2.9% 222.07 5.1% Inventories 234.33 4.6% 21
Slide 8: Cash Flows
Cash Flows Unleash Innovation (In NT$ billions) 2Q23 1Q23 2Q22 Beginning Balance 1,385.23 1,342.81 1,151.59 Cash from operating activities 167.25 385.24 338.85 Capital expenditures (250.53) (302.50) (217.73) Cash dividends (71.30) (71.30) (71.31) Short-term loans 0.00 0.00 (26.48) Bonds payable 40.7
Slide 9: 3Q23 Guidance
3Q23 Guidance Unleash Innovation Based on our current business outlook, management expects: ◼ Revenue to be between US$ 16.7 billion and US$ 17.5 billion And, based on the exchange rate assumption of 1 US dollar to 30.8 NT dollars, management expects: ◼ Gross profit margin to be between 51.5% and 53
Slide 10: Recap of Recent Major Events
Recap of Recent Major Events Unleash Innovation • TSMC Announces the Opening of Advanced Backend Fab 6, Marking a Milestone in the Expansion of 3DFabric™ System Integration Technology (2023/06/08) • TSMC Board of Directors Approved NT$3.00 Cash Dividend for the First Quarter of 2023 and Set Septembe
Slide 11: Contact: tsmc.com, invest@tsmc.com
Unleash Innovation https://www.tsmc.com invest@tsmc.com © 2023 TSMC, Ltd 10 TSMC Property
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