Semiconductor Manufacturing International Corp. · HKEX:981
Semiconductor Manufacturing International — Q1 2022 Earnings Presentation
15 slides from Semiconductor Manufacturing International's earnings presentation, May 2022
Slide 1: SMIC Q1 2022 Financial Presentation
SMIC Q1 2022 Financial Presentation SEHK: 00981 SSE STAR MARKET: 688981 SMIC Investor Relations May 2022
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
Slide 3: 1Q22 Financial Highlights
1Q22 Financial Highlights § Revenue was $1,842 million – Up 16.6% QoQ from $1,580 million in 4Q21 – Up 66.9% % YoY from $1,104 million in 1Q21 § Gross margin was 40.7% – Compared to 35.0% in 4Q21 – Compared to 22.7% in 1Q21 § Profit from operations was $536 million – Compared to $420 million in 4Q21
Slide 4: Income Statement
Income Statement (US$ thousands) 1Q22 4Q21 QoQ 1Q21 YoY Revenue 1,841,894 1,580,059 16.6% 1,103,649 66.9% Gross profit 750,255 552,783 35.7% 250,114 200.0% Gross margin 40.7% 35.0% 22.7% Operating income(expenses) (214,284) (132,669) 61.5% （125,473） 70.8% Research & Development （165,269） （172,105） -
Slide 5: Capital Structure
Capital Structure (US$ thousands) As of Mar 31, 2022 Dec 31, 2021 Cash and cash equivalent 6,099,908 8,581,746 Restricted cash - Current 266,045 214,191 Financial assets at fair value through profit or loss - Current(1) 322,975 78,184 Financial assets at amortized cost(2) 10,586,163 7,564,091 Total
Slide 6: Cash Flow
Cash Flow (US$ thousands) For the three months ended Net cash from operating activities (US$ millions) Mar 31, 2022 Dec 31, 2021 1593 Cash and cash equivalent, beginning 8,581,746 7,503,520 1039 of period 950 559 464 Net cash from operating activities 1,592,970 949,558 1Q21 2Q21 3Q21 4Q21 1Q22 Net c
Slide 7: Revenue by Geography
Total Revenue Breakdown by Geography(1) Europe and Asia North America Chinese Mainland and Hong Kong，China 55.6% 62.9% 66.7% 68.3% 68.4% 27.7% 23.3% 20.3% 19.6% 19.0% 16.7% 13.8% 13.0% 12.1% 12.6% 1Q21 2Q21 3Q21 4Q21 1Q22 1,400 Revenue (US$ millions) 1,200 1,000 800 600 400 200 0 Chinese Mainland an
Slide 8: Wafer Revenue Breakdown by Application
Wafer Revenue Breakdown by Application Others Consumer Electronics Smart Home Smart Phone 35.2% 31.6% 31.5% 31.2% 28.7% 12.4% 12.5% 12.7% 13.8% 13.9% 25.1% 24.1% 23.7% 23.1% 20.4% 30.5% 30.9% 31.9% 32.4% 34.4% 1Q21 2Q21 3Q21 4Q21 1Q22 1,400 Revenue (US$ millions) 1,200 1,000 800 600 400 200 0 Smart
Slide 9: Wafer Revenue By Size
Wafer Revenue By Size 12" wafers 8" wafers 38.8% 35.7% 34.9% 35.5% 33.5% 61.2% 64.3% 65.1% 64.5% 66.5% 1Q21 2Q21 3Q21 4Q21 1Q22 Revenue (US$ millions) 1,400 1,200 1,000 800 600 400 200 0 12" wafers 8" wafers 4Q21 1Q22 SMIC Financial Presentation 9
Slide 10: Capacity, Utilization and Shipment
Capacity, Utilization and Shipment 100.4% 100.3% 100.4% 99.4% 98.7% Utilization Rate（1） (8-inch equivalent wafers) Monthly Capacity 621,000 649,125 561,500 593,875 540,750 1Q21 2Q21 3Q21 4Q21 1Q22 1Q21 2Q21 3Q21 4Q21 1Q22 Wafer Shipments 1,558,893 1,745,194 1,719,743 1,723,360 1,840,189 (1)Capacity
Slide 11: 2Q 2022 Guidance and 2022 Capex Guidance
2Q 2022 Guidance and 2022 Capex Guidance 2Q 2022 Guidance 2022 Capex Revenue +1% to +3% QoQ $5.0B Gross Margin 37% to 39 % SMIC Financial Presentation 11
Slide 12: Appendix
Appendix SMIC Financial Presentation 12
Slide 13: 1Q Results vs Guidance
1Q Results vs Guidance 1Q 2022 Guidance 1Q 2022 Results Revenue +15% to +17% QoQ +16.6% QoQ Gross Margin 36% to 38% 40.7% SMIC Financial Presentation 13
Slide 14: Capital Expenditures & Depreciation
Capital Expenditures & Depreciation (US$ millions) 1Q21 2Q21 3Q21 4Q21 1Q22 Capex 534 771 1,081 2,130 869 Depreciation & 420 462 480 508 534 Amortization SMIC Financial Presentation 14
Slide 15: Thank You!
Thank You! Contact us: ir@smics.com
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