Taiwan Semiconductor Manufacturing Co., Ltd. · TWSE:2330
Taiwan Semiconductor Manufacturing — Q1 2025 Earnings Presentation
11 slides from Taiwan Semiconductor Manufacturing's earnings presentation, Apr 17, 2025
Slide 1: 2025 First Quarter Earnings Conference
Unleash Innovation Unleash Innovation 2025 First Quarter Earnings Conference April 17, 2025 © 2025 TSMC, Ltd 0 TSMC Property
Slide 2: Agenda
Unleash Innovation Agenda • Welcome Jeff Su, IR Director • 1Q25 Financial Results and 2Q25 Outlook Wendell Huang, CFO • Key Messages Wendell Huang, CFO C.C. Wei, Chairman & CEO • Q&A © 2025 TSMC, Ltd 1 TSMC Property
Slide 3: Safe Harbor Notice
Unleash Innovation 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
Slide 4: Statements of Comprehensive Income
Unleash Innovation Statements of Comprehensive Income Selected Items from Statements of Comprehensive Income 1Q25 1Q25 1Q25 1Q25 4Q24 1Q24 Over Over Guidance 4Q24 1Q24 (In NT$ billions unless otherwise noted) Net Revenue (US$ billions) 25.53 25.0-25.8 26.88 18.87 -5.1% +35.3% Net Revenue 839.25 868.
Slide 5: 1Q25 Revenue by Technology
Unleash Innovation 1Q25 Revenue by Technology 7nm and Below Revenue 90nm 0.11/0.13um 65nm 1% 2% 0.15/0.18um 40/45nm 4% 600 3% 3% 16/20nm 550 7% 0.25um and above 500 28nm 0% 450 Revenue (NT$B) 7% 400 3nm 350 22% 7nm 300 15% 250 5nm 200 36% 150 100 50 - 7nm 5nm 3nm © 2025 TSMC, Ltd 4 TSMC Property
Slide 6: 1Q25 Revenue by Platform
Unleash Innovation 1Q25 Revenue by Platform Growth Rate by Platform (QoQ) Automotive IoT 5% DCE 5% 1% Others +20% 2% +14% Smartphone +7% +8% 28% HPC Smartphone IoT 59% HPC Automotive DCE Others -9% -22% © 2025 TSMC, Ltd 5 TSMC Property
Slide 7: Balance Sheets & Key Indices
Unleash Innovation Balance Sheets & Key Indices Selected Items from Balance Sheets 1Q25 4Q24 1Q24 (In NT$ b illions) Amount % Amount % Amount % Cash & Marketable Securities 2,703.09 37.9% 2,422.02 36.2% 1,922.66 33.2% Accounts Receivable 243.95 3.4% 272.09 4.1% 201.98 3.5% Inventories 293.39 4.1% 28
Slide 8: Cash Flows
Unleash Innovation Cash Flows (In NT$ billions) 1Q25 4Q24 1Q24 Beginning Balance 2,127.63 1,886.78 1,465.43 Cash from operating activities 625.57 620.21 436.31 Capital expenditures (330.83) (361.95) (181.30) Cash dividends (103.72) (103.73) (77.80) Bonds payable 16.20 (1.75) 22.80 Investments and ot
Slide 9: 2Q25 Guidance
Unleash Innovation 2Q25 Guidance Based on our current business outlook, management expects: ◼ Revenue to be between US$28.4 billion and US$29.2 billion And, based on the exchange rate assumption of 1 US dollar to 32.5 NT dollars, management expects: ◼ Gross profit margin to be between 57% and 59% ◼
Slide 10: Recap of Recent Major Events
Recap of Recent Major Events Unleash Innovation • TSMC and MediaTek Demonstrate First Integrated PMU and PA for Wireless Connectivity Products on N6RF+ Process Technology (2025/03/12) • TSMC Intends to Expand Its Investment in the United States to US$165 Billion to Power the Future of AI (2025/03/04
Slide 11: https://www.tsmc.com invest@tsmc.com
Unleash Innovation https://www.tsmc.com invest@tsmc.com © 2025 TSMC, Ltd 10 TSMC Property
Taiwan Semiconductor Manufacturing Company — Q1 2025 Earnings Presentation on 6ix