Taiwan Semiconductor Manufacturing Co., Ltd. · TWSE:2330
Taiwan Semiconductor Manufacturing — Q1 2006 Earnings Presentation
23 slides from Taiwan Semiconductor Manufacturing's earnings presentation, Apr 28, 2006
Slide 1: Capital Expenditure
V — 3. Capital Expenditure (In US$ million) 1Q06 TSMC $ TSMC (Shanghai) & WaferTech TSMC Consolidated $ Summary of Cash Flow: During this quarter, TSMC generated NT$47.7 billion from operating activities, mainly from net income of NT$32.6 billion and depreciation & amortization of NT$16.0 billion. N
Slide 2: Consolidated v. Unconsolidated Income Statement
VI — 2. Consolidated v. Unconsolidated Income Statement (Amount: NT$ billion) Consolidated Unconsolidated Difference Net Sales 77.9 77.3 0.6 COGS 40.1 40.7 (0.6 ) Gross Profit 37.7 36.6 1.1 Gross Margin % 48.5 % 47.4 % 1.1 % Operating Expenses Research & Development 3.7 3.5 0.2 SG&A 3.1 2.2 0.9 Tota
Slide 3: TSMC 2006 First Quarter Results Investor Conference
TSMC 2006 First Quarter Results Investor Conference April 27th, 2006
Slide 4: Agenda
Agenda Welcome 2006 1Q Financial Results Q&A
Slide 5: 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 6: 1Q'06 Result Highlights
* Annualized ROE for the quarter. 1Q'06 Result Highlights
Slide 7: Income Statement
Income Statement Amount NT blon Net Sales cogs Gross Profit Gross Marcin Operating Expense Oper: Qverating Margin g Income Net Non-operating Income/(Expens.e) Investment Income/(Loss) Income before Tax Income Tax Benefit(Expense) Change in Accounting Principles Net Income Net Atargin EPS (NT$) 1006
Slide 8: SFAS No. 34 Impact
SFAS No. 34 Impact 1Q06 (Amount: NT$ million) Unconsolidated Change in Accounting Principle (246.2) Included in Non-Operating Items 1,860.0 Total SFAS No. 34 Impact 1,613.8 Empowering Innovation
Slide 9: Balance Sheet & Key Indices
Balance Sheet & Key Indices * * * Certain prior period balances have been reclassified to conform to the current period presentation
Slide 10: Cash Flows
Cash Flows * * * Certain prior period balances have been reclassified to conform to the current period presentation
Slide 11: Installed Capacity by Fab
Note: 1 Figures represent number of 6" wafers. Conversion to 8"-equivalent wafers is by dividing this number by 1.78. 2 Figures represent number of 12" wafers. Conversion to 8"-equivalent wafers is by multiplying this number by 2.25. Installed Capacity by Fab
Slide 12: Capital Expenditures
Capital Expenditures 2006 CapEx to be in the range of US$2.6-2.8 billion
Slide 13: Sales Breakdown by Technology
Sales Breakdown by Technology
Slide 14: Sales Breakdown by Application
Sales Breakdown by Application
Slide 15: Sales Breakdown by Geography
Note: This chart does not reflect the actual shipment destination of sales. Sales Breakdown by Geography
Slide 16: Sales Breakdown by Customer
P Sales Breakdown by Customer ales Breakdown by Customer OFablessiSystem IDM 100% 75% 50%
Slide 17: TSMC Consolidation Entities
TSMC Consolidation Entities Regional Sales Office Manufacturing Subsidiaries Strategic Alliance Venture Capital Funds Others TSMC TSMC-NA, Europe, Japan TSMC (Shanghai), WaferTech GUC EAF, VTAF II, ISDF, ISDF II
Slide 18: Consolidated Income Statement
Consolidated Income Statement
Slide 19: Consolidated Balance Sheet
Consolidated Balance Sheet 1906 1906 Selected Items from Balance Sheet Difference (Eeount: NTS ion) Consolidated Un.consolidated Cash & Marketable Securties 192.3 1780 143 Accounts Receivable - Trade 38.0 358 22 Irwentary 184 169 18 Current Assets 259.3 240.8 18.5 Long-Term Investment 347 14 40.7 Ne
Slide 20: Consolidated Cash Flow
Consolidated Cash Flow 10°06 10°06 Difference ‘Amount: NTS bilion Consolidated __Un-consolidated - Net Income 326 32.6 00 - Depreciation & Ammartization ant 160 1.8 - Other On Sourcesi(Uses) a) 08) 08) From Operation 489 a7 12 - Capital Exnenditure 1.5) ay 4) - Marketable Financial Instrument 29 128
Slide 21: 2Q'06 Guidance
2Q'06 Guidance Revenues to be between NT$79 billion and NT$81 billion; consolidated revenue to be between NT$80 billion and NT$82 billion Gross profit margin to be between 47% and 49%; consolidated gross profit margin to be between 48% and 50% Operating profit margin to be between 40% and 42% on bot
Slide 22: Recap of Recent Major Events
Recap of Recent Major Events TSMC And ARM Sign Long-term Physical IP Agreement for 65- And 45-nanometer Technologies ( 2006/04/19 ) TSMC invites Carly Fiorina to Join Board of Directors as Independent Member ( 2006/04/06 ) TSMC 65nm Wireless Devices Is Sampled by QUALCOMM ( 2006/04/06 ) TSMC Appoint
Slide 23: 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: April 27, 200
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