Semiconductor Manufacturing International Corp. · HKEX:981

Semiconductor Manufacturing International — Q2 2024 Earnings Presentation

16 slides from Semiconductor Manufacturing International's earnings presentation, August 2024

  1. Slide 1: SMIC Q2 2024 Financial Presentation

    SMIC Q2 2024 Financial Presentation August 2024

  2. 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

  3. Slide 3: 2Q24 Financial Highlights (unaudited)

    2Q24 Financial Highlights (unaudited)  Revenue was $1,901 million – Up 8.6% QoQ from $1,750 million in 1Q24 – Up 21.8% YoY from $1,560 million in 2Q23  Gross margin was 13.9% – Compared to 13.7% in 1Q24 – Compared to 20.3% in 2Q23  Profit from operations was $87 million – Compared to $2 million i

  4. Slide 4: 1H24 Financial Highlights (unaudited)

    1H24 Financial Highlights (unaudited)  Revenue was $3,651 million – Compared to $3,023 million in 1H23  Gross margin was 13.8% – Compared to 20.6% in 1H23  Profit from operations was $90 million – Compared to $163 million in 1H23  Profit attributable to SMIC was $236 million – Compared to $634 m

  5. Slide 5: Income Statement

    Income Statement (US$ thousands) 2Q24 1Q24 QoQ 2Q23 YoY Revenue 1,901,276 1,750,176 8.6% 1,560,396 21.8% Gross profit 265,093 239,704 10.6% 316,500 -16.2% Gross margin 13.9% 13.7% 20.3% Operating income(expenses) (177,953) (237,298) -25.0% (236,702) -24.8% Research & Development (180,748) (188,110)

  6. Slide 6: Capital Structure

    Capital Structure (US$ thousands) As of June 30, 2024 Mar 31, 2024 Cash and cash equivalents 3,694,277 5,348,718 Restricted cash 370,445 369,466 Financial assets at fair value through profit or loss - current (1) 101,109 230,333 Financial assets at amortised cost(2) 8,814,627 9,437,138 Total cash on

  7. Slide 7: Cash Flow

    Cash Flow (US$ thousands) For the three months ended Net cash generated from operating activities (US$ millions) June 30, 2024 Mar 31, 2024 960 Cash and cash equivalents, beginning 796 801 5,348,718 6,215,058 of the period 470 Net cash generated from operating 19,275 470,022 activities 19 2Q23 3Q23

  8. Slide 8: Revenue by Geography

    Total Revenue By Geography Eurasia America China 79.6% 84.0% 80.8% 81.6% 80.3% 17.6% 12.9% 15.7% 14.9% 16.0% 2.8% 3.1% 3.5% 3.5% 3.7% 2Q23 3Q23 4Q23 1Q24 2Q24 1,600 1,400 Revenue (US$ millions) 1,200 1,000 800 600 400 200 0 China America Eurasia 1Q24 2Q24 SMIC Financial Presentation 8

  9. Slide 9: Wafer Revenue by Application

    Wafer Revenue By Application Industrial and Automotive Connectivity and IoT Consumer Electronics Computer and Tablet Smartphone 26.8% 25.9% 30.2% 31.2% 32.0% 23.8% 29.2% 17.5% 13.3% 30.6% 26.5% 24.1% 30.9% 35.6% 22.8% 11.9% 11.5% 13.2% 11.0% 8.8% 11.0% 9.3% 7.6% 7.2% 8.1% 2Q23 3Q23 4Q23 1Q24 2Q24 1,

  10. Slide 10: Wafer Revenue by Size

    Wafer Revenue By Size 12" wafers 8" wafers 25.3% 26.0% 25.8% 24.4% 26.4% 74.7% 74.0% 74.2% 75.6% 73.6% 2Q23 3Q23 4Q23 1Q24 2Q24 1,600 Revenue (US$ millions) 1,400 1,200 1,000 800 600 400 200 0 12" wafers 8" wafers 1Q24 2Q24 SMIC Financial Presentation 10

  11. Slide 11: Capacity, Utilization and Shipment

    Capacity, Utilization and Shipment Utilization Rate（1） 85.2% 80.8% 78.3% 77.1% 76.8% (8-inch equivalent wafers) Monthly Capacity 795,750 805,500 814,500 837,000 754,250 2Q23 3Q23 4Q23 1Q24 2Q24 2Q23 3Q23 4Q23 1Q24 2Q24 Wafer Shipments (8-inch 1,403,121 1,536,845 1,675,002 1,794,891 2,111,880 equival

  12. Slide 12: 3Q 2024 Guidance

    3Q 2024 Guidance 3Q 2024 Guidance Revenue +13% to +15% QoQ Gross Margin 18% to 20% SMIC Financial Presentation 12

  13. Slide 13: Appendix

    Appendix SMIC Financial Presentation 13

  14. Slide 14: 2Q 2024 Results and Guidance

    2Q 2024 Results and Guidance 2Q 2024 Guidance 2Q 2024 Results Revenue +5% to +7% QoQ +8.6% QoQ Gross Margin 9% to 11% 13.9% SMIC Financial Presentation 14

  15. Slide 15: Capital Expenditure and Depreciation

    Capital Expenditure and Depreciation (US$ millions) 2Q23 3Q23 4Q23 1Q24 2Q24 Capital Expenditure 1,732 2,135 2,341 2,235 2,252 Depreciation & 656 679 700 746 797 Amortization SMIC Financial Presentation 15

  16. Slide 16: Thank You!

    Thank You! Contact us: ir@smics.com

Semiconductor Manufacturing International Corporation (SMIC) — Q2 2024 Earnings Presentation on 6ix