Taiwan Semiconductor Manufacturing Co., Ltd. · TWSE:2330
Taiwan Semiconductor Manufacturing — Q3 2024 Earnings Presentation
11 slides from Taiwan Semiconductor Manufacturing's earnings presentation, Oct 17, 2024
Slide 1: 2024 Third Quarter Earnings Conference
Unleash Innovation Unleash Innovation 2024 Third Quarter Earnings Conference October 17, 2024 © 2024 TSMC, Ltd 0 TSMC Property
Slide 2: Agenda
Unleash Innovation Agenda • Welcome Jeff Su, IR Director • 3Q24 Financial Results and 4Q24 Outlook Wendell Huang, CFO • Key Messages Wendell Huang, CFO C.C. Wei, Chairman & CEO • Q&A © 2024 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 3Q24 3Q24 3Q24 3Q24 2Q24 3Q23 Over Over Guidance 2Q24 3Q23 (In NT$ billions unless otherwise noted) Net Revenue (US$ billions) 23.50 22.4-23.2 20.82 17.28 +12.9% +36.0% Net Revenue 759.69 673
Slide 5: 3Q24 Revenue by Technology
Unleash Innovation 3Q24 Revenue by Technology 7nm and Below Revenue 0.11/0.13um 90nm 65nm 1% 2% 0.15/0.18um 500 40/45nm 4% 4% 0.25um and above 450 4% 1% 400 28nm Revenue (NT$B) 350 16nm 7% 3nm 300 8% 20% 250 200 7nm 17% 5nm 150 32% 100 50 - 1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 7nm
Slide 6: 3Q24 Revenue by Platform
Unleash Innovation 3Q24 Revenue by Platform Growth Rate by Platform (QoQ) IoT Automotive DCE 7% 5% 1% +35% Others 2% +16% +11% +8% Smartphone HPC +6% 34% 51% DCE HPC Smartphone IoT Automotive Others -19% © 2024 TSMC, Ltd 5 TSMC Property
Slide 7: Balance Sheets & Key Indices
Unleash Innovation Balance Sheets & Key Indices Selected Items from Balance Sheets 3Q24 2Q24 3Q23 (In NT$ b illions) Amount % Amount % Amount % Cash & Marketable Securities 2,167.60 35.2% 2,048.64 34.3% 1,551.32 28.3% Accounts Receivable 249.97 4.1% 210.21 3.5% 222.83 4.1% Inventories 292.88 4.7% 27
Slide 8: Cash Flows
Unleash Innovation Cash Flows (In NT$ billions) 3Q24 2Q24 3Q23 Beginning Balance 1,799.13 1,698.20 1,276.72 Cash from operating activities 391.99 377.67 294.65 Capital expenditures (207.08) (205.68) (226.62) Cash dividends (90.76) (90.76) (71.30) Bonds payable (5.25) 11.50 9.80 Investments and other
Slide 9: 4Q24 Guidance
Unleash Innovation 4Q24 Guidance Based on our current business outlook, management expects: ◼ Revenue to be between US$26.1 billion and US$26.9 billion And, based on the exchange rate assumption of 1 US dollar to 32 NT dollars, management expects: ◼ Gross profit margin to be between 57% and 59% ◼ Op
Slide 10: Recap of Recent Major Events
Recap of Recent Major Events Unleash Innovation • Amkor and TSMC to Expand Partnership and Collaborate on Advanced Packaging in Arizona (2024/10/04) • European Semiconductor Manufacturing Company Breaks Ground on Dresden Fab (2024/08/20) • TSMC Board of Directors Approved NT$4.00 Cash Dividend for t
Slide 11: tsmc.com and invest@tsmc.com
Unleash Innovation https://www.tsmc.com invest@tsmc.com © 2024 TSMC, Ltd 10 TSMC Property
Taiwan Semiconductor Manufacturing Company — Q3 2024 Earnings Presentation on 6ix